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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

Post by AlwaysLong683on Jul 02, 2022 1:33pm
254 Views
Post# 34797447

Canadian Stocks and REITs: First Half 2022 Scorecard

Canadian Stocks and REITs: First Half 2022 ScorecardGood Summary Article from BNN Bloomberg

Real Estate Sector down 23% so far this year.

From the article:

"The real estate sector rounds out the bottom three......with all 23 members ending the first half lower. A confluence of factors are weighing on the sector, between rising rates increasing the cost of financing new developments and the threat of slowing housing activity hitting firms that provide real estate services, including FirstService Corp., the worst performer of the lot."

Opportunity knocking re. value in this sector, including CAR.UN....?
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