InterRent Real Estate Investment Trust
TSX : IIP.UN
TSX : IIP.DB

InterRent Real Estate Investment Trust

February 17, 2009 07:30 ET

InterRent Real Estate Investment Trust Announces March 2009 Distributions, and Timing of Conference Call to Discuss Full Year and Fourth Quarter 2008 Financial Results

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2009) -

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InterRent Real Estate Investment Trust (TSX:IIP.UN)(TSX:IIP.DB) ("InterRent") announced today, that its distribution declared for the month of March 2009 is $0.01, per REIT unit, equal to $0.12 per REIT unit on an annualized basis, representing an annual yield of approximately 7.74% based on the February 13, 2009 REIT unit closing price of $1.55 per REIT unit. Payment will be made on or about March 15, 2009 to REIT unit holders of record on February 28, 2009. At the close of business on February 13, 2009, InterRent had 18,279,166 units issued and outstanding, including class "B" units of InterRent Holdings Limited Partnership.

Conference call

InterRent also announced that it will host a conference call and live audio webcast on Thursday, March 26, 2009, at 10:30 a.m. ET. Michael Newman, Chief Executive Officer and Gary Traer, Chief Financial Officer, will discuss results for the fourth quarter and year-ended December 31, 2008. The results will be released earlier the same day.

The call can be accessed by dialing 416-644-3417 or 1-800-732-9303. The webcast will also be accessible at www.interrentreit.com.

About InterRent

InterRent is a growth oriented real estate investment trust, engaged in building unitholder value through the accretive acquisition, ownership and operation of strategically located income producing multi-residential real estate. InterRent currently has 3,981 apartment suites under ownership.

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