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 Possibleidiot01on May 08, 2024 3:12pm

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Post# 36029554

Alexander MacDonald - BNN - HOLD

DON'T BUY

CAR.UN comment follows

Exposed to rising interest rate payments on debt used to buy properties. Good yield in competition with no-risk bonds. In the space, he owns CAR.UN instead, which is multi-family housing.

property mngmnt / investment

HOLD

Exposed to rising interest rate payments on debt used to buy properties. Good yield in competition with no-risk bonds. Multi-family housing. Tailwinds from immigration and housing shortage.

investment companies / funds

$45.240

Owned

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