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Stocks in play: InterRent REIT

Baystreet.ca - Baystreet - Tue Aug 9, 2022

Reported financial results for the second quarter ended June 30, 2022. Net income for Q2 2022 was $77.6 million, an increase of $16.5 million compared to Q2 2021. This difference was due primarily to the fair value gain on financial liabilities which was $31.2 million in Q2 2022, versus a loss of $16.0 million in Q2 2021 due to movements in the REIT’s unit price. InterRent Real Estate Investment Trust shares T.IIP.UN are trading down $0.15 at $13.16.

Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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