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 64,300 residential apartment suites, town homes and manufactured home community sites located across Canada and the Netherlands, with approximately $16.5 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.

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Canadian Apartment Properties Real Estate Investment Trust

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Post by Possibleidiot01on Nov 29, 2022 3:20pm

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Post# 35137589

Andrew Moffs - BNN - HOLD

HOLD

Thinks highly of management. A great play on the GTA which boasts the highest rent growth. That said, they operate in rent-controlled markets, though. They see a nice increase in rents during renewals. They struggle, but are managing to manage costs. Upside is better than downside, so a solid hold. Solid assets.

investment companies / funds

$43.100