Bullboard - Stock Discussion Forum 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... see more

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Canadian Apartment Properties Real Estate Investment Trust > Top Pick

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Post by retiredcf on Nov 11, 2020 6:32am

Top Pick

Last stock in the clip. GLTA

https://www.bnnbloomberg.ca/video/andrew-moffs-top-picks~2073869

Canadian Apartment Properties REIT (CAR-U TSX)

Canada’s largest publicly-traded rental residential enterprise, it owns 59,000 residential rental suites and manufactured housing community sites. It also owns controlling stakes in two publicly-traded European apartment REITs focused on Ireland and the Netherlands, respectively. Notwithstanding the uncertainties generated by the pandemic, CAPREIT’s units are a compelling investment for several reasons. First, it possesses a strong balance sheet with $372 million of liquidity, a debt to gross book value of only 36 per cent, access to over a $770 million unencumbered asset pool and minimal near-term maturities. Second, it owns a defensive portfolio of apartment units with in-place rental rates that are 7 per cent below market and are affordable relative to other housing options. Third, recent transactions suggest that apartment valuations have increased during COVID-19.