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

<< Previous

Bullboard Posts

Next >>

Post by Mephistopheles3on Apr 26, 2022 9:51pm

181 Views

Post# 34634413

Morguard REIT just reported Q1-22 - strong results

MRG-UN just reported their results this afternoon and it's looking quite strong. They are mostly US focused, but they do have a number of units in Ontario. Results were quite good and indicative of a strong Q1 for the residential REIT's.

Their overall rent increase was 3.1% in Ontario for Q1-22 vs. Q1-21. They received 15% rent increase on turnovers which is huge - if CAR can get double digit increases for their turnovers again, I think we're living the dream.

They also had a small cap. rate compression which resulted in a fair value gain.

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec