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 > Joshua Varghese - BNN - BUY

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Post by Possibleidiot01 on Oct 08, 2024 7:34pm

Joshua Varghese - BNN - BUY

BUY

Given the housing shortage, is the focus on building new homes a tailwind for REITs?

Long-term, yes, for residential REITs, like apartment ones. They also benefit from more immigration. This leads to higher rents. InterRent, Minto and CAP are his preferreds in this space. CAP is the biggest, and they hold a super-quality portfolio that they've been upgrading in recent years. All these are focused in Ontario. but they benefit from lower interest rates. A caveat: Ottawa is slowing immigration to Canada, which feeds demand for apartments. Expect choppiness, but these are good holds.

investment companies / funds

$51.300