CAPREIT Declares Monthly Distribution for Investors' Benefit
CAPREIT Announces Monthly Distribution for August
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) proudly announces its monthly distribution of $0.12916 per Unit for August. This translates to an impressive annualized return of $1.55. Unitholders can look forward to receiving their distributions on September 15, enhancing their investment income.
CAPREIT’s Investment Overview
As the largest publicly traded provider of quality rental housing in Canada, CAPREIT boasts an extensive portfolio. As of June 30, CAPREIT owned around 45,400 residential units including apartment suites and townhomes. These prime assets are strategically situated across Canada and the Netherlands, with a total fair value nearing $14.5 billion. This extensive portfolio signifies CAPREIT's commitment to maintaining high-quality housing solutions for a diverse range of tenants.
Growth and Performance
Since going public in May 1997, CAPREIT has demonstrated robust growth in its financials, notably increasing its monthly cash distributions per Unit by an astonishing 117%. This achievement underscores the trust investors place in CAPREIT’s management strategies and their dedication to delivering value. As the rental market in Canada continues to grow, CAPREIT positions itself as an attractive option for investors looking for a stable income stream.
Management Team
Under the leadership of a skilled management team, CAPREIT has solidified its reputation as a leader in the rental housing market. Mr. Mark Kenney serves as the President and Chief Executive Officer, while Mr. Stephen Co acts as the Chief Financial Officer, alongside Mr. Julian Schonfeldt as the Chief Investment Officer. This team’s extensive industry expertise ensures that CAPREIT remains at the forefront of market trends and investment opportunities.
Contact Information
For further inquiries regarding CAPREIT or its latest distribution, interested parties are encouraged to reach out:
CAPREIT
Mr. Mark Kenney
President & Chief Executive Officer
(416) 861-9404
CAPREIT
Mr. Stephen Co
Chief Financial Officer
(416) 306-3009
CAPREIT
Mr. Julian Schonfeldt
Chief Investment Officer
(647) 535-2544
Frequently Asked Questions
What is the amount of the August distribution for CAPREIT?
The August distribution for CAPREIT is $0.12916 per Unit, totaling an annualized return of $1.55.
When will the distribution be payable?
The distribution will be payable on September 15.
Who are the key members of CAPREIT's management team?
The management team includes Mr. Mark Kenney, Mr. Stephen Co, and Mr. Julian Schonfeldt.
What is the scope of CAPREIT’s property portfolio?
CAPREIT owns approximately 45,400 residential units located in Canada and the Netherlands, valued at around $14.5 billion.
How has CAPREIT performed since its IPO?
Since its Initial Public Offering in 1997, CAPREIT has increased its monthly cash distributions per Unit by 117%.
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