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 Mephistopheles3on May 02, 2022 5:09pm

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Post# 34649110

ERES Q1-22 results reported - looking good

ERES just reported results this afternoon with what looks like really great numbers to me.

- FFO per unit up 17%
- Distributions being increased by 9% because of all the cash they are generating
- Continued acquisitions done subsequent to the quarter, all being funded by Capreit

ERES is a small part of Capreit, but I think these results are indicative of strong results coming as well.

Hopefully we see a bump coming off the disastrous day we had today! If ERES stock doesn't move tomorrow off this, I would think it's a good buy as well, it's trading down from it's NAV.

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Apolo IV Acquisition and Marviken Ontario sign merger agreement