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

Christine Poole -BNN- TOP PICK

[Possibleidiot01]

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.

[Possibleidiot01]

stockchase.com TOP PICK Canadian Apartment Properties(CAR.UN-T) 18/04/2023   Bought this a year ago. There's a chronic undersupply of Canadian housing that will benefit CAP REIT. Shares pulled back last year due to rising interest rates. Also, Ottawa wants to boost immigration by 500,000 over the next few years that will drive demand. CPA REIT