CAPREIT Announces Monthly Distribution for October 2024
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has recently shared exciting news regarding its monthly distribution for October 2024. The company will disburse an amount of $0.125 per Unit, equating to an annualized rate of $1.50. This distribution is scheduled for payment to Unitholders on November 15, 2024, provided they are on record as of October 31, 2024.
Overview of CAPREIT's Real Estate Portfolio
CAPREIT stands tall as Canada’s leading publicly traded entity focused on rental housing. As of June 30, 2024, the organization boasts ownership of approximately 64,200 residential apartment suites, townhomes, and manufactured home community sites strategically located across Canada and the Netherlands. With a substantial portfolio valued at about $16.6 billion in investment properties, CAPREIT has made significant strides since its Initial Public Offering in May 1997, having increased its monthly cash distributions per Unit by an impressive 110% over the years.
Investment Highlights of CAPREIT
The strength of CAPREIT lies not just in its vast portfolio, but also in its commitment to providing quality rental housing. The company’s locations are chosen with care, ensuring they cater to diverse resident needs while enhancing community living experiences. CAPREIT's continuous growth and sustainability efforts have been a testament to its robust operational model.
Contact Information for Inquiries
For further inquiries about CAPREIT and its operations, interested parties can reach out to:
Contact Details
Mr. Mark Kenney
President & Chief Executive Officer
(416) 861-9404
Mr. Stephen Co
Chief Financial Officer
(416) 306-3009
Mr. Julian Schonfeldt
Chief Investment Officer
(647) 535-2544
Exploring the Future for CAPREIT
CAPREIT’s future prospects look bright as it continues to focus on the expansion of its rental housing offerings and enhancing shareholder value. The company's strong financial performance and commitment to excellence position it well for continued growth in an evolving rental landscape.
Frequently Asked Questions
What is the distribution amount announced by CAPREIT for October 2024?
CAPREIT has announced a distribution amount of $0.125 per Unit for October 2024.
When will the distribution payment be made?
The distribution payment is scheduled for November 15, 2024.
What is CAPREIT's total investment property value?
CAPREIT holds approximately $16.6 billion in investment properties across Canada and Europe.
How many residential units does CAPREIT own?
As of June 30, 2024, CAPREIT owns around 64,200 residential apartment suites and other housing types.
Who can I contact for more information about CAPREIT?
Interested parties can contact Mr. Mark Kenney, Mr. Stephen Co, or Mr. Julian Schonfeldt for inquiries.
