CAPREIT Reports Strong Growth in Monthly Distributions
CAPREIT Announces Monthly Distribution for April 2025
Today, Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX: CAR.UN) revealed its distribution plans for April 2025, with each Unit set to earn $0.12917, contributing to an annualized total of $1.55. This distribution will be credited to Unitholders on May 15, following the record date of April 30.
About CAPREIT’s Impressive Portfolio
CAPREIT stands as Canada’s foremost publicly traded rental housing provider. With a robust portfolio of around 46,900 residential units and townhomes, CAPREIT has established a significant presence across Canada and the Netherlands. As of the end of the previous year, their properties held a fair value that approached $14.9 billion, showcasing the strength and stability of their investments.
Longstanding Growth in Distributions
Since its IPO in May 1997, CAPREIT has demonstrated remarkable growth, increasing its monthly cash distributions per Unit by an impressive 117%. This milestone emphasizes CAPREIT’s commitment to delivering value to their Unitholders and reflects their strong operational foundation.
Management Team Contact Information
For those seeking further insights or information regarding CAPREIT, the management team is readily available to assist.
Mr. Mark Kenney - President & Chief Executive Officer
Contact: (416) 861-9404
Mr. Stephen Co - Chief Financial Officer
Contact: (416) 306-3009
Mr. Julian Schonfeldt - Chief Investment Officer
Contact: (647) 535-2544
Future Outlook for CAPREIT
As CAPREIT navigates the ongoing challenges and opportunities in the real estate market, the company remains dedicated to enhancing its distribution strategies and diversifying its asset base. With a well-positioned portfolio and proactive management, CAPREIT aims to continue its trend of growth and stability in the months to come.
Frequently Asked Questions
What is the recent distribution amount announced by CAPREIT?
CAPREIT announced a distribution of $0.12917 per Unit for April 2025.
When will the distribution be paid?
The distribution will be payable on May 15, 2025.
How many residential units does CAPREIT own?
CAPREIT owns approximately 46,900 residential apartment suites and townhomes.
What is the total fair value of CAPREIT’s portfolio?
The total fair value of CAPREIT’s portfolio is approximately $14.9 billion.
How much have CAPREIT’s monthly distributions grown since its IPO?
Since its IPO in May 1997, CAPREIT has increased its monthly cash distributions per Unit by 117%.
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