CAPREIT Declares Monthly Distribution to Unitholders for 2025
CAPREIT's January 2025 Monthly Distribution Announcement
Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) has recently announced its monthly distribution for January 2025, setting an amount of $0.125 per Unit. This translates to an annualized distribution of $1.50, highlighting CAPREIT’s consistent commitment to rewarding its Unitholders.
Details on Distribution Payment
The distribution will be payable on February 18, 2025, to all Unitholders recorded by the close of business on January 31, 2025. This structured approach allows investors to plan well ahead, knowing exactly when they will receive their returns.
About CAPREIT's Growth
CAPREIT is a significant player in the Canadian real estate market. It stands as the largest publicly traded provider of rental housing within Canada. As of the end of December 2024, CAPREIT boasts an impressive portfolio of approximately 48,700 residential apartment suites, townhomes, and manufactured home community sites. These properties are strategically located across various communities in Canada and the Netherlands, showcasing the organization's expansive reach and dedication to providing quality living solutions.
Historical Performance and Distribution Growth
Since its Initial Public Offering in May 1997, CAPREIT has demonstrated remarkable growth, increasing monthly cash distributions per Unit by an impressive 110%. This notable achievement portrays not only CAPREIT’s financial stability but also its steadfast dedication to enhancing value for its Unitholders.
Investment Highlights of CAPREIT
Investors find CAPREIT appealing due to its solid operational structure and growth-oriented strategy. The company is committed to actively seeking new investment opportunities that further enhance its portfolio quality and geographical reach.
Contact Information for Investor Inquiries
For those interested in further information regarding CAPREIT, the leadership team can be reached directly: Mr. Mark Kenney, President & Chief Executive Officer, can be contacted at (416) 861-9404. Additionally, Mr. Stephen Co, Chief Financial Officer, is available at (416) 306-3009, and Mr. Julian Schonfeldt, Chief Investment Officer, can be reached at (647) 535-2544. The doors are always open for inquiries regarding the company’s ongoing commitment to providing quality living solutions.
Frequently Asked Questions
What is the amount of the January 2025 distribution?
The amount for January 2025 is set at $0.125 per Unit.
When will the distributions be paid to Unitholders?
The distributions will be paid on February 18, 2025.
How many residential units does CAPREIT own?
CAPREIT owns approximately 48,700 residential apartment suites, townhomes, and community sites.
When was CAPREIT established?
The company had its Initial Public Offering in May 1997.
Who should I contact for more information about CAPREIT?
You can contact Mark Kenney, Stephen Co, or Julian Schonfeldt for detailed inquiries.
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