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Press release content from Business Wire. The AP news staff was not involved in its creation.

InterRent Announces July 2021 Distributions

July 16, 2021 GMT

OTTAWA, Ontario--(BUSINESS WIRE)--Jul 16, 2021--

InterRent Real Estate Investment Trust (TSX-IIP.UN) (“ InterRent”) announced today that its distribution declared for the month of July 2021 is $0.027125 per Trust unit, equal to $0.3255 per Trust unit on an annualized basis. Payment will be made on or about August 16, 2021 to unitholders of record on July 31, 2021.

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.

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InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210716005315/en/

CONTACT: For further information about InterRent please contact:Mike McGahan

Chief Executive Officer

Tel: (613) 569-5699 Ext 244

Fax: (613) 569-5698

e-mail:mmcgahan@interrentreit.comBrad Cutsey, CFA

President

Tel: (613) 569-5699 Ext 226

Fax: (613) 569-5698

e-mail:bcutsey@interrentreit.comCurt Millar, CPA, CA

Chief Financial Officer

Tel: (613) 569-5699 Ext 233

Fax: (613) 569-5698

e-mail:cmillar@interrentreit.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY REIT BANKING

SOURCE: InterRent Real Estate Investment Trust

Copyright Business Wire 2021.

PUB: 07/16/2021 10:30 AM/DISC: 07/16/2021 10:32 AM

http://www.businesswire.com/news/home/20210716005315/en