InterRent REIT

11:46 AM EST - InterRent REIT : Reported financial results for the first quarter ended March 31, 2018. Gross rental revenue for the quarter increased by $4.0 million, or 15.9%, over Q1 2017. Net income/(loss) for the quarter was $(11.9) million, compared to $8.3 million for Q1 2017. The decrease of $20.2 million was driven primarily by the property management internalization cost. Removing this non-recurring event, net income would have been $32.1 million. InterRent REIT shares T.IIP.UN are trading down $0.06 at $10.64.