TORONTO, June 15, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its June 2023 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The June distribution will be payable on July 17, 2023 to Unitholders of record on June 30, 2023…. [Read More]
CAPREIT Divests $103MM in Non-Core Properties & Reinvests $74MM in New Build Properties
TORONTO, June 08, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has closed on three dispositions of non-core properties built between 1971 and 1999 for combined consideration of $103.3 million (excluding disposition costs). CAPREIT also announced that it has reinvested a total of $74.1 million (excluding… [Read More]
CAPREIT Announces Results of 2023 Annual General Meeting
TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that, at its Annual General Meeting of Unitholders held today (the “Meeting”), each of the items of business referred to in its management information circular dated April 12, 2023 (the “Circular”) were passed by a vote held… [Read More]
CAPREIT Announces May 2023 Distribution
TORONTO, May 15, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its May 2023 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The May distribution will be payable on June 15, 2023 to Unitholders of record on May 31, 2023…. [Read More]
CAPREIT Reports First Quarter 2023 Results
TORONTO, May 12, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today continued growth and strong operating and financial results for the three months ended March 31, 2023. Management will host a conference call to discuss the financial results on Monday, May 15, 2023 at 9:00 a.m. EST…. [Read More]
CAPREIT Continues To Make Progress on Strategic Repositioning Program
TORONTO, May 11, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the disposition of a non-core portfolio containing 180 residential suites and one commercial unit in Montréal, Québec. The properties were built approximately 50 years ago and were sold for an aggregate consideration of… [Read More]
CAPREIT Announces April 2023 Distribution
TORONTO, April 17, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its April 2023 monthly distribution in the amount of $0.12084 per Unit (or $1.45 on an annualized basis). The April distribution will be payable on May 15, 2023 to Unitholders of record on April 28, 2023…. [Read More]
CAPREIT Announces Timing of First Quarter 2023 Results & Conference Call
TORONTO, March 23, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today it will issue its financial results for the three months ended March 31, 2023 after markets close on: Friday, May 12, 2023 A conference call to discuss the results will be hosted by the CAPREIT senior management… [Read More]
CAPREIT Announces Renewal of Normal Course Issuer Bid
TORONTO, March 21, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) today announced that the Toronto Stock Exchange (the “TSX”) has accepted its notice of intention to proceed with a normal course issuer bid. CAPREIT’s Board of Trustees believes that a normal course issuer bid represents an appropriate and… [Read More]
CAPREIT Announces March 2023 Distribution
TORONTO, March 15, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its March 2023 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The March distribution will be payable on April 17, 2023 to Unitholders of record on March 31,… [Read More]
CAPREIT Extracts Development Value From Land Disposition in Montréal
TORONTO, March 06, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the disposition of a parking lot site located in Montréal, Québec, for gross consideration of $17.25 million (excluding disposition costs). The under-utilized land is located adjacent to an existing multi-residential building owned by… [Read More]
CAPREIT Announces Strategic Capital Recycling in Ottawa
TORONTO, Feb. 27, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of an on-strategy, newly-built property located in a major suburb of Ottawa. The amenity-rich property, which contains 143 residential suites that are approximately 95% occupied, is located in close proximity to… [Read More]
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