Bullboard - Stock Discussion Forum 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... see more

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TSX:CAR.UN - Post Discussion

Canadian Apartment Properties Real Estate Investment Trust > Christine Poole -BNN- TOP PICK

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Post by Possibleidiot01 on Aug 20, 2024 6:23pm

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