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

Not Alone

[AlwaysLong683]

IIP.UN, KMP.UN, MI.UN all getting hit hard as well and are near 52W-Lows.

BEI.UN holding up much better, likely due to the continued excitement in the oil and gas sector and the revival of Alberta's economy.

CAR.UN's impressive balance sheet and mortgage book doesn't seem to matter right now.

Keep buying back those shares Mr. Kenney!

[junglejames]

They keep buying, but the shares continue their recent decline. More sensitivity to interest rates than I expected.... but the housing supply is still lagging demand Canadian Apartment REIT Multiple Multiple NCIB 1,637,922 units $46.32 $75,867,972

[AlwaysLong683]

CAR hit an intra-day 52-week low of 41.62 and closed at 42.00. The five Canadian apartment REITs I follow have all gotten hammered recently and four of the five (CAR, IIP, KMP, MI) are near 52-week lows. The only exception is BEI, which is still down considerably from it's 52-week high, but saw a nice run up in its share price until the end of April 2022, likely due to REIT investors getting