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 > Sale in Scarborugh

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Post by Mephistopheles3on Jun 22, 2022 12:20pm

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Post# 34774372

Sale in Scarborugh

I like the news here - this goes back to what Mark was saying on the last call. They are able to sell at attractive rates and recycle the capital to buy newer properties. The $200 million they'll get from the sale of these properties can just go towards firing up against the NCIB.

I'm increasing my position at Capreit here in addition to ERES which is overlooked as well and is quite undervalued. Markets are quite negative right now and I think apartment REIT's have had too much of a correction in the last couple of weeks.

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