Canadian Apartment Properties Real Estate Investment Trust T.CAR.UN

Alternate Symbol(s): CDPYF

Real Estate REIT - Residential

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 63,400 residential apartment suites, town homes and manufactured home community sites located across Canada and the Netherlands. 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 > Looking good !!

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Comment by Ocalamanon Dec 21, 2024 8:29am

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Post# 36373458

RE:Looking good !!

I have to admit I am baffled by the special distribtion caused by the statement in the announcement below, it looks to me that they will pay the distribution in shares, award them then revert holdings back to before they issued the SD, rendering the SD mute.

Would appreciate feedback from anyone

Immediately after the payment of the CAPREIT Special Distribution, the issued and outstanding Units of CAPREIT will be consolidated such that the aggregate number of issued and outstanding Units will be the same as immediately before the CAPREIT Special Distribution.

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