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

InterRent Real Estate Investment Trust

April 20, 2009 08:55 ET

InterRent REIT Announces May Distributions, Timing of Release of First Quarter 2009 Financial Results, and Date of 2008 Annual Meeting

TORONTO, ONTARIO--(Marketwire - April 20, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

InterRent Real Estate Investment Trust (TSX:IIP.UN)(TSX:IIP.DB) ("InterRent") announced today that its distribution declared for the month of May 2009 is $0.01, per REIT unit, equal to $0.12 per REIT unit on an annualized basis, representing an annual yield of approximately 7.75% based on the April 17, 2009 unit closing price of $1.55 per REIT unit. Payment will be made on or about May 15, 2009 to Unit holders of record on April 30, 2009. At the close of business on April 17, 2009, InterRent had 18,285,026 REIT units issued and outstanding, including class "B" units of InterRent Holdings Limited Partnership.

2009 Q1 Financial Results

InterRent also announced today, that it will be releasing the financial results of operations for the first quarter of fiscal 2009, prior to market opening on Thursday, May 14, 2009.

2008 Annual Meeting

InterRent also announced today, that it will hold its Annual Meeting of Unit Holders at 10:00 am, on Friday, June 26, 2009 in the Presidents Room of the Albany Club, at 91 King Street East, Toronto.

About InterRent

InterRent is a 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, with 4,027 apartment suites under ownership.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". InterRent is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. A full description of these risk factors can be found in InterRent's publicly filed information which may be located at www.sedar.com. InterRent cannot assure investors that actual results will be consistent with these forward looking statements and InterRent assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

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