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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 AlwaysLong683on Jun 15, 2022 7:31pm
93 Views
Post# 34759874

RE:RE:Insider Buying

RE:RE:Insider BuyingMeph, and thank you for posting the share buyback info.

A quick check at TMX Money shows CAR.UN trading at 0.75 Book, which I think is very cheap for a REIT this big and diversified in a sector (residential) that is safer than most others (as they say, everyone needs a place to live).

The Kenney purchase + the share buybacks are certaintly great signs that both the CEO and company management as a whole believe the REIT is signfiicantly undervalued, especially since the balance sheet and debt terms/obligations appear to be more sound and favourable than other Canadian Residential REITs, thus having cash available to do both share buybacks and perhaps even make another acquisition if the price is right.

I'm quite bullish on this name.
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