CAPREIT Shares Monthly Distribution Update and Growth Insights

Overview of Recent Distribution Announcement by CAPREIT
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has recently announced its monthly distribution for September, providing an amount of $0.12917 per Unit, equivalent to an annualized total of $1.55. This distribution is set to be paid on an upcoming date to all Unitholders who are on record by the end of the month.
CAPREIT's Position in the Market
As Canada’s largest player in the rental housing sector, CAPREIT specializes in offering exceptional living spaces. With a vast portfolio that encompasses approximately 45,400 residential apartment suites and townhomes across various locations in Canada and the Netherlands, CAPREIT stands strong with a fair value nearing $14.5 billion.
Steady Growth Since 1997
Since its inception in 1997, CAPREIT has shown remarkable growth, increasing its monthly cash distributions per Unit by an impressive 117%. This consistent performance showcases the company’s commitment to providing value to its investors and stability in its offerings.
A Focus on Quality Rental Housing
CAPREIT dedicates itself to maintaining high-quality rental properties that cater to diverse population needs. Its strategic approach ensures that the properties remain fully occupied and generate sustainable revenue, contributing to its ongoing favorable distribution policies.
Investor Information and Contact Details
For those interested in more details regarding CAPREIT, including investment highlights and strategic initiatives, further insights are generally available through their public disclosures. You can access a wealth of information through their designated profiles.
Contact Information for CAPREIT
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
Frequently Asked Questions
What is CAPREIT's recent distribution rate?
The recent distribution rate announced by CAPREIT is $0.12917 per Unit, amounting to $1.55 annually.
When will the distribution be paid?
The distribution is scheduled to be paid on a specific date to Unitholders recorded as of the last day of September.
How has CAPREIT's distribution growth been historically?
Historically, CAPREIT has grown its monthly cash distributions per Unit by 117% since its IPO in 1997.
What type of properties does CAPREIT manage?
CAPREIT manages residential apartment suites and townhomes, focusing on providing quality rental housing across Canada and the Netherlands.
Who can I contact for more information about CAPREIT?
You can reach out to CAPREIT's executives including Mr. Mark Kenney, Mr. Stephen Co, and Mr. Julian Schonfeldt for further inquiries.
About The Author
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