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.

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Canadian Apartment Properties Real Estate Investment Trust > Christine Poole -BNN- TOP PICK

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Post by Possibleidiot01on Apr 18, 2023 1:40pm

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Christine Poole -BNN- TOP PICK

Canadian Apartment Properties REIT (CAR.UN TSX)

Recent purchase price $46.70 range in April 2023

The company owns and manages multi-unit residential rental properties, including apartments, townhomes and manufactured housing communities, principally located in and near urban centers across Canada. The fundamentals in the Canadian apartment rental market remain positive, supported by the strong influx of immigration over the next few years. CAR.UN offers an income yield of three per cent.

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