Mike McGahan - InterRent Real CEO, Trustee

IIPZF Stock  USD 9.54  0.02  0.21%   


Mr. Mike Darryl McGahan serves as Chief Executive Officer, Trustee of InterRent Real Estate Investment Trust. Mr. McGahan is president and chief executive officer of CLV Group Inc., which was the property manager for the REIT up to February 15, 2018. CLV is a company that focuses on providing Complete Real Estate Solutions, including property management, real estate brokerage, mortgage brokerage, residential rentals, commercial leasing and construction. Mr. McGahan has over 30 years experience in the real estate business focusing on the multiresidential apartment and commercial properties sectors and has successfully bought, sold, financed and managed over 200 properties valued in excess of 4 billion. Mr. McGahan, through CLV, has developed a reputation as one of the top property managers having managed a portfolio of over 12, 000 residential units and 500, 000 sq. ft. of commercial properties for institutions including Toronto Dominion Bank, Bank of Hong Kong, Bank of Nova Scotia, Canada Mortgage and Housing Corporationrationration and Canada Lands as well as private investors. Mr. McGahan has a wealth of experience in finding properties that have untapped potential and creating value through repositioning, renovations and improved efficiencies using proactive management. Mr. McGahan was a licensed real estate agent and mortgage broker for over 25 years and is a graduate of the University of Ottawa. since 2009.
Tenure: 14 years
Phone: (613) 569-5699
Website: https://www.interrentreit.com

InterRent Real Management Efficiency

InterRent Real Estate has return on total asset (ROA) of 0.0215 % which means that it generated profit of $0.0215 on every $100 spent on asset. This is way below average. Similarly, it shows return on equity (ROE) of 0.1235 %, meaning that it generated $0.1235 on every $100 dollars invested by stockholders. InterRent Real management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 1.51 B in total debt with debt to equity ratio (D/E) of 0.65, which is about average as compared to similar companies. InterRent Real Estate has a current ratio of 0.06, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist InterRent Real until it has trouble settling it off, either with new capital or with free cash flow. So, InterRent Real's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like InterRent Real Estate sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for InterRent to invest in growth at high rates of return. When we think about InterRent Real's use of debt, we should always consider it together with cash and equity.

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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. InterRents primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties to provide Unitholders with sustainable and growing cash distributions, payable monthly and to maintain a conservative payout ratio and balance sheet. Interrent Real operates under REITResidential classification in the United States and is traded on OTC Exchange. It employs 435 people. InterRent Real Estate [IIPZF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

InterRent Real Estate Leadership Team

Elected by the shareholders, the InterRent Real's board of directors comprises two types of representatives: InterRent Real inside directors who are chosen from within the company, and outside directors, selected externally and held independent of InterRent. The board's role is to monitor InterRent Real's management team and ensure that shareholders' interests are well served. InterRent Real's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, InterRent Real's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bradley Cutsey, President
Mike McGahan, CEO, Trustee
Victor Stone, Independent Trustee
Asad Hanif, VP Acquisitions
Jacie Levinson, Independent Chairman of the Board of Trustee
Bradley CFA, CEO Pres
Dave CPM, Chief Officer
Paul Amirault, Independent Trustee
Will Chan, Chief Officer
Curt Millar, CFO
John Jussup, Trustee
Ronald Leslie, Independent Trustee
Osbert Drewniak, VP of Acquisitions
Cheryl Pangborn, Independent Trustee
Brian Awrey, Vice President - Finance
Michael McGahan, Ex Chairman
Catherine Hebert, Chief Officer
Dave Nevins, COO
Chris Willoughby, VP Marketing
Paul Bouzanis, Independent Trustee
Sandy CFA, Director Sustainability

InterRent Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is InterRent Real a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity0.12 %
Return On Asset0.0215 %