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 64,200 residential apartment suites, town homes and manufactured home community sites located across Canada and the Netherlands, with approximately $16.7 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

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Post by TimeBuilderon Jan 15, 2021 9:54pm

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Post# 32312316

Distribution Declared = NR

CAPREIT Announces January 2021 Distribution

GlobeNewswire - Fri Jan 15, 4:00PM CST

Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX - CAR.UN) announced today its January 2021 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis). The January distribution will be payable on February 16, 2021 to Unitholders of record on January 29, 2021.

To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.

CAPREIT is Canada's largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in, and manages, approximately 67,500 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada, in the Netherlands and Ireland. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 93%. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.caprent.com or www.capreit.net and our public disclosure which can be found under our profile at www.sedar.com.

For further information please contact:

 CAPREIT CAPREIT CAPREIT Mr. Michael Stein, Mr. Mark Kenney, Mr. Scott Cryer, Chairman President & CEO Chief Financial Officer (416) 861-5788 (416) 861-9404 (416) 861-5771

https://ml.globenewswire.com/media/cf56342f-b54b-450a-abfc-b980c43aec56/small/capreit-jpg.jpg

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