CAPREIT Declares Competitive Monthly Distribution for September
CAPREIT Announces September Distribution for Unitholders
Canadian Apartment Properties Real Estate Investment Trust, known as CAPREIT, is excited to share the details of its distribution for September 2024, amounting to $0.125 per Unit. This marks a solid $1.50 on an annual basis and reflects the trust's ongoing commitment to providing value to its Unitholders.
Overview of CAPREIT
As the largest publicly traded rental housing provider in Canada, CAPREIT has continued to impress the market with its expansive portfolio. As of the last review, CAPREIT owns around 64,200 residential apartment suites, townhomes, and manufactured home community sites. These properties are strategically located across Canada and the Netherlands, amounting to an impressive $16.6 billion in investment properties.
Growth and Stability in Distributions
CAPREIT has been consistent in its performance and has witnessed a 110% increase in monthly cash distributions per Unit since its Initial Public Offering in May 1997. This growth trend highlights the company's robust management strategies and its capacity to generate stable cash flow, ensuring continued benefits to its investors.
Upcoming Payment Information
For those who are part of the CAPREIT community, the September distribution will be disbursed on October 15th. Unitholders who are on record by the close of business on September 30th will receive this distribution. This ensures that all eligible holders will enjoy the benefits of this increase in net distributions.
Contacting CAPREIT for More Details
For further inquiries or detailed information regarding CAPREIT's activities and investment highlights, you can reach out to the key executives leading the firm:
Mr. Mark Kenney
President & Chief Executive Officer
Phone: (416) 861-9404
Mr. Stephen Co
Chief Financial Officer
Phone: (416) 306-3009
Mr. Julian Schonfeldt
Chief Investment Officer
Phone: (647) 535-2544
Find Out More About CAPREIT
To explore more about CAPREIT and keep up with the latest updates, you can check out their official website and public disclosure profiles:
Website: www.capreit.ca
Public Disclosure: www.sedarplus.ca
Frequently Asked Questions
What is the amount of the September 2024 distribution by CAPREIT?
The September 2024 distribution announced by CAPREIT is $0.125 per Unit.
When will the distribution be paid to Unitholders?
The distribution will be paid on October 15, 2024, to Unitholders of record as of September 30, 2024.
How has CAPREIT’s distribution changed since their IPO?
Since its Initial Public Offering in May 1997, CAPREIT has grown its monthly cash distributions per Unit by 110%.
Who can I contact for more information regarding CAPREIT?
You can contact Mr. Mark Kenney, Mr. Stephen Co, or Mr. Julian Schonfeldt for more information about CAPREIT.
What is the total value of CAPREIT's investment properties?
CAPREIT's investment properties are valued at approximately $16.6 billion across Canada and Europe.
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