CAPREIT Boosts Monthly Distribution to Unitholders for 2025
CAPREIT Announces February 2025 Distribution Increase
Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) has declared a notable increase in its monthly distribution for February 2025, now set at $0.12916 per Unit, equivalent to an annualized amount of $1.55. This enhanced distribution reflects CAPREIT's strong performance and commitment to its Unitholders.
Details of the Distribution
The monthly distribution will be distributed on March 17, 2025, to Unitholders who are on record by the end of business on February 28, 2025. This announcement is part of CAPREIT’s ongoing strategy to ensure value for its investors amidst market fluctuations.
CAPREIT's Position in the Market
CAPREIT stands as the largest publicly traded rental housing provider in Canada. By the end of the previous year, the Trust managed approximately 46,900 residential apartments and townhomes, with holdings extending across key locations in Canada and the Netherlands. The estimated fair market value of these assets is around $14.9 billion, showcasing CAPREIT’s robust portfolio.
Growth Over Time
Since launching its operations in May 1997, CAPREIT has achieved a remarkable 117% increase in monthly cash distributions per Unit. This consistent growth demonstrates the Trust’s dedication to delivering value to its investors while expanding its operational footprint.
Contact Information
For further inquiries or information regarding CAPREIT, you may contact:
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 the new distribution amount for February 2025?
The distribution amount for February 2025 is $0.12916 per Unit.
When will the distribution be paid?
The distribution will be paid on March 17, 2025.
Who is entitled to receive the distribution?
Unitholders on record by February 28, 2025, will be eligible to receive the distribution.
How has CAPREIT performed since its inception?
Since its IPO in May 1997, CAPREIT has increased its monthly cash distributions per Unit by 117%.
Where can I find more information about CAPREIT?
Further information about CAPREIT is available on its official website and public disclosure profiles.
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