CAPREIT Announces September Distribution for Unitholders
Canadian Apartment Properties Real Estate Investment Trust, also known as CAPREIT, is pleased to announce its distribution for September 2024, set at $0.125 per Unit. Annually, this totals a solid $1.50, showcasing the trust's continued dedication to delivering value to its Unitholders.
About CAPREIT
As the largest publicly listed rental housing provider in Canada, CAPREIT has consistently impressed the market with its extensive portfolio. Recently, CAPREIT has reported ownership of approximately 64,200 residential apartment suites, townhomes, and manufactured home community sites. These properties are strategically located throughout Canada and the Netherlands, amounting to an impressive $16.6 billion in total investment properties.
Consistent Growth in Distributions
CAPREIT has demonstrated impressive consistency in its performance, boasting a 110% increase in monthly cash distributions per Unit since its Initial Public Offering in May 1997. This upward trend emphasizes the company's strong management strategies and its ability to generate steady cash flow, providing ongoing benefits for its investors.
Important Payment Information
For those within the CAPREIT community, the September distribution will be paid out on October 15th. Unitholders who have recorded their details by the close of business on September 30th will be eligible to receive this distribution. This arrangement guarantees that all qualifying holders will benefit from the increase in net distributions.
Contacting CAPREIT for More Information
If you have further questions or would like more detailed information about CAPREIT's activities and investment highlights, feel free to reach out to the key executives:
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
Learn More About CAPREIT
To find out more about CAPREIT and stay updated with the latest news, you can visit 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 announced distribution by CAPREIT for September 2024 is $0.125 per Unit.
When will the distribution be paid to Unitholders?
The distribution will be paid on October 15, 2024, to Unitholders who are on 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 achieved a 110% increase in its monthly cash distributions per Unit.
Who can I contact for more information regarding CAPREIT?
You can reach out to Mr. Mark Kenney, Mr. Stephen Co, or Mr. Julian Schonfeldt for information about CAPREIT.
What is the total value of CAPREIT's investment properties?
The total value of CAPREIT's investment properties is approximately $16.6 billion, covering locations in Canada and Europe.