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.

TSX:CAR.UN - Post by User

Canadian Apartment Properties Real Estate Investment Trust

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Post by retiredcfon May 14, 2021 9:01am

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Post# 33202258

Globe & Mail

No doubt the CEO will be upbeat. GLTA

08:41 AM EDT, 05/14/2021 (MT Newswires) -- Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) overnight Thursday reported normalized FFO for the first quarter of $95.9 million, or $0.554 per share, up from normalized FFO of $93.1 million, or $0.545 per share, in the year-ago quarter.

The company reported total operating revenues of $227.5 million, up from year-ago revenues of $216.1 million.

The company's shares were up 2.2% in Canada yesterday, while the shares went up 0.1% in early Frankfurt trading on Friday.

Price: 57.05, Change: +1.21, Percent Change: +2.17

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