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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 AlwaysLong683on Apr 29, 2022 9:25pm
117 Views
Post# 34644235

RE:RE:RE:RE:National Bank

RE:RE:RE:RE:National BankGreat discussion.

I think there are two things CAR should consider doing:

1) If they can't get permitted to build more apartment buildings on land they own because those in the neighbourhoods don't want apartment buildings (even new ones) "in their backyard", CAR should see what they can get in selling the land to private developers to build detached homes, townhomes, or condos as I would think they would be able to fetch a handsome sum given the demand for new houses and the building frenzy that has been going on for quite some time now.

2) While the shares are trading this low, use excess cash to buy back shares (units) as much as they can safely do - thus creating unitholder value while the market is undervaluing this REIT IMO.



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