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Canadian Apartment Properties Real Estate Investment Trust CDPYF


Primary Symbol: T.CAR.UN

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 Possibleidiot01on Aug 20, 2024 6:23pm
96 Views
Post# 36188858

Christine Poole -BNN- TOP PICK

Christine Poole -BNN- TOP PICK

Canadian Apartment Properties REIT (CAR.UN TSX)

The company owns and manages multi-unit residential rental properties, including apartments and townhomes, principally located in and near urban centers across Canada. The fundamentals in the Canadian apartment rental market remain positive, supported by the strong influx of immigration. CAR.UN offers an income yield of three per cent.

 
DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
HD NYSE Y Y Y
V NYSE Y Y Y
CAR.UN TSX Y Y Y
TOP PICK

The pay around a 3% dividend, so considers this an income stock. The private apartment rental market they're in is very tight. Half their apartments are in Ontario which has a rent increase cap, so rent rises only 2.5% upon renewal, but over 20% if a tenant leaves. So there's room to raise rental rates to market rates. Also, they're good at selling pre-2018 properties and buying post-2018 ones which don't have rent control.

(Analysts’ price target is $56.79)
investment companies / funds
$50.500
Owned

 



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