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Canadian Apartment Properties Real Estate Investment Trust T.CAR.UN

Alternate Symbol(s):  CDPYF

Canadian Apartment Properties Real Estate Investment Trust is a Canada-based provider of rental housing. The Company owns and manages interests in multiunit residential rental properties, including apartments, townhomes and manufactured home communities (MHC), principally located in and near urban centers across Canada. The Company owns approximately 64,300 residential apartment suites, town homes and manufactured home community sites located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe. The Company’s objectives are to maintain a focus on maximizing occupancy and responsibly growing occupied average monthly rent (Occupied AMR) in accordance with local conditions in each of its markets; grow FFO per unit, sustainable distributions and NAV per unit by actively managing its properties; invest capital within the property portfolio and adopt edge technologies and solutions; and maintain financial management.


TSX:CAR.UN - Post by User

Canadian Apartment Properties Real Estate Investment Trust > Insider Buying
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Comment by Mephistopheles3on Jun 28, 2022 4:36pm
64 Views
Post# 34788639

RE:RE:RE:RE:RE:RE:RE:RE:RE:Insider Buying

RE:RE:RE:RE:RE:RE:RE:RE:RE:Insider BuyingI'm in about equal positions between this and ERE, CAR's subsidiary.  ERE is insanely strong as well and is trading quite a bit below NAV - 37% what I calculated today with zero inflation risk.  They went from a 52 week low after their Q1 results were released to a 52 week low today. 

CAR's NAV at Mar 31, 2022 was $59.43, so based on today's share price, it's trading at a 25% discount to NAV.  I haven't seen cap. rates change too much right now for residential properties, so that means every dollar being spent on buybacks boosts the NAV by 25% (maybe did the math wrong on that)- so good value for shareholders.  


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