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 > Allan Tong

<< Previous

Bullboard Posts

Next >>

Comment by AlwaysLong683on Jun 22, 2022 8:37am

105 Views

Post# 34773327

RE:RE:Allan Tong

Defiance2050 wrote:

Possibleidiot01 wrote:
BUY

Canadian Apartment Properties(CAR.UN-T)
20/06/2022 at 08:00pm

Allan Tong’s Discover Picks I reiterate a buy on this renown REIT, especially after shares have slid $15 this year to below $44 to 52-week lows, while the dividend has climbed from well below 3% to 3.35%. CAP REIT owns 57,000 units particularly prime real estate in Ontario and to a lesser extent, Quebec. It’s the largest multi-residential REIT on the TSX. CAP REIT’s occupancy rate was 98.6% as stated in the company’s 2021 annual report. The PE is now an attractive 5.75x, though admittedly higher than other residential REITs like Boardwalk, as noted above.

investment companies / funds
$0.000

Owned

Kind off blows the recomendation away when someone references P/E ratios on Reits. As it include non-operational aspects such as property valuations.

I agree Defiance. Adjusted Funds from Operations (AFFO) would be the figure I would look at. Not sure why Mr. Tong is commenting on a REIT if he thinks P/E is a key metric. The Stockchase website list's him as linked to "Stockchase Discover" (not sure what that is), so he may not be a specialist in REIT analysis and perhaps shouldn't be commenting on REITs.....?

<< Previous

Bullboard Posts

Next >>

Hempalta acquires controlling interest in Hemp Carbon Standard