CAPREIT Reveals Monthly Distribution for Investors
CAPREIT Announces Monthly Distribution for September 2024
CAPREIT, one of Canada's premier real estate investment trusts, has declared a distribution of $0.125 per Unit for September 2024. This remarkable announcement demonstrates their ongoing commitment to providing consistent returns to their investors. This translates to an annualized distribution of $1.50 per Unit. Unitholders should note that this distribution is set to be distributed on October 15, 2024, with eligibility extended to those on record by the end of business on September 30, 2024.
Leading the Rental Housing Market
As the largest publicly traded supplier of quality rental housing in Canada, CAPREIT continues to hold a significant presence in the market. As of mid-2024, the company proudly manages around 64,200 residential apartment units, townhomes, and community sites, which are strategically located. CAPREIT's portfolio spans Canada and extends to the Netherlands, showcasing their international reach. With assets valued at approximately $16.6 billion across investment properties in Canada and Europe, their growth is nothing short of impressive.
Consistent Growth in Distributions
CAPREIT has shown a remarkable trajectory since its inception. Since its Initial Public Offering in 1997, it has successfully increased its monthly cash distributions by an impressive 110%. This growth not only illustrates CAPREIT's robust business model but also its commitment to delivering shareholder value consistently.
Contacting CAPREIT
For any inquiries or further information, interested parties are encouraged to reach out to CAPREIT’s dedicated team. Mr. Mark Kenney, the President and CEO, is available at (416) 861-9404. For financial inquiries, Mr. Stephen Co, the CFO, can be contacted at (416) 306-3009. Investment-related questions can be directed to Mr. Julian Schonfeldt, the Chief Investment Officer, at (647) 535-2544. CAPREIT values open communication and is keen to assist its stakeholders.
Future Endeavors
The future sounds promising for CAPREIT as it continues to identify growth opportunities within Canada and Europe, enhancing its property portfolio. As the demand for quality rental housing rises, CAPREIT is poised to capitalize on this trend, which will undoubtedly benefit its investors.
Frequently Asked Questions
What is the amount of the distribution declared by CAPREIT for September 2024?
The distribution announced for September 2024 is $0.125 per Unit, which amounts to an annualized total of $1.50.
When will the distribution be paid out to Unitholders?
The distribution will be payable on October 15, 2024, to those on record by the close of business on September 30, 2024.
How has CAPREIT performed since its IPO?
Since its Initial Public Offering in May 1997, CAPREIT has raised its monthly cash distributions by an impressive 110%.
Who can I contact for more information about CAPREIT?
Interested individuals can contact Mark Kenney at (416) 861-9404, Stephen Co at (416) 306-3009, or Julian Schonfeldt at (647) 535-2544 for any inquiries.
What is CAPREIT's presence in the rental housing market?
CAPREIT is Canada's largest publicly traded landlord, managing about 64,200 rental units across Canada and the Netherlands, with a total investment portfolio valued at approximately $16.6 billion.
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