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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 64,200 residential apartment suites, town homes and manufactured home community sites located across Canada and the Netherlands, with approximately $16.7 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

Comment by AlwaysLong683on Jun 29, 2022 12:51am
115 Views
Post# 34789507

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insider BuyingResidential REITs are getting pounded along with other REIT sectors even though I consider the residential sector (along with the industrial sector) to be less risky since, even if everyone starts working from home and ordering everything online, everyone will still need a place to live and businesses will still need a place to store / warehouse merchandise for on-line delivery. Residential REITs may also see increased demand if people are unable to handle their mortgage payments due to rising interest rates, decliining home values, and/or inflation and decide to sell their home and move into an apartment.

ERE.UN (mainly Netherlands?) and HOM.UN (mainly Texas) are nice options for Canadian investors to consider since you can buy their units in Canadian dollars yet their focus is on residential properties outside of Canada. I made a good buck on HOM.UN (bought at around 14 and sold at around 24 - went up as high as 28 before falling back with the rest of the sector and currently trades in the 18 -19 range).

All Canadian Residential REITs I track have taken a sizeable hit (BEI, CAR, ERE, HOM, IIP, KMP, MI), so each of us can go sifting through the choices and see if one or more of them intrigue us.
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