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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 64,200 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

Comment by Mephistopheles3on Apr 11, 2022 4:22pm
104 Views
Post# 34594892

RE:RE:More BNS

RE:RE:More BNSWe'll have to see on this one as I don't think it's trading at such a discount that would make it attractive to the Canderel's of the world.  I would actually say H&R right now (which I'm very bullish on) is much more close to a privatization vs. CAR given that they are trading at something like 30-35% of a discount vs. 10% or so for CAR.   

One thing that I was disappointed to see in the SEDI disclosures this morning is that CAR did not use any of their share buybacks under the NCIB in the month of March.  This seems like the easy way to capitalize on their share price being low.  Not sure what management is doing here with the buybacks.    
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