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Canadian Apartment Properties Real Estate Investment Trust

Canadian Apartment Properties Real Estate Investment Trust

CAR-UN.TO
Canadian Apartment Properties Real Estate Investment TrustCA flagToronto Stock Exchange
35.87
CAD
-0.16
- -
5.50BMarket Cap
Canadian Apartment Properties Real Estate Investment Trust
CAR-UN.TO
(Toronto Stock Exchange)

Recent

price

35.87

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.05
4.73
4.62
4.67
4.6
4.52
4.56
4.7
4.82
4.92
5.16
5.38
5.78
6.28
6.6
6.3
4.73
Revenue per Share
7.88
4.13
4.62
2.62
2.89
2.92
3.36
6.15
8.52
7.54
5.41
8.03
0.08
-2.43
1.74
1.24
-0.12
Basic EPS, GAAP
1.21
-1.07
2.56
2.55
2.58
2.48
2.73
2.64
3.02
2.89
2.81
3.18
3.43
3.63
3.85
3.57
2.72
Free Cash Flow per Basic Share
0.94
0.86
0.85
0.86
0.79
0.82
0.84
0.89
0.94
0.95
1.05
1.02
1.19
1.38
1.42
1.5
1.13
Dividend per Share
5.35
23.06
27.48
27.22
27.32
31.08
31.89
36.16
43.98
53.13
53.78
60.19
57.52
54.77
53.5
54.57
53.39
Book Value per Share
20.18
22.74
27.23
27.02
27.07
30.96
31.79
36.21
44.18
52.9
54.1
59.85
57.37
54.7
53.55
55.01
53.82
Tangible Book Value per Share
67
77
89
102
110
118
131
136
143
159
171
174
174
170
169
159
158
Basic Weighted Avg Shares
339
362
412
477
506
534
597
639
689
781
883
933
1,007
1,065
1,113
1,003
746
Sales/Revenue/Turnover
46.91
48.57
50.55
54.16
52.14
53.52
52.05
51.68
52.27
56.45
59.15
57.36
57.36
57.86
59.26
58.08
58.37
Operating Margin (%)
1
2
2
4
8
10
12
13
14
19
34
25
7
6
6
6
5
Depreciation Expense
529
316
412
268
318
346
439
837
1,218
1,195
926
1,393
14
-412
293
197
-20
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
0.88
1.52
1.84
2.99
5.51
- -
- -
11.87
8.15
- -
Effective Tax Rate (%)
156.08
87.35
99.96
56.11
62.79
64.75
73.64
130.99
176.84
153.11
104.9
149.26
1.35
-38.63
26.31
19.64
-2.63
Profit Margin (%)
-353
-417
-538
-578
-421
-369
-396
-374
-532
-129
-696
-854
-717
-986
-584
-902
-980
Working Capital
1,392
1,634
1,938
2,203
2,483
3,027
3,292
3,795
3,892
4,454
4,953
5,816
6,400
6,454
5,392
5,219
5,171
LT Debt
1,355
1,741
2,429
2,757
2,983
3,660
4,158
4,923
6,317
8,404
9,274
10,400
10,004
9,279
9,027
8,761
8,493
Total Equity
- -
5.48
4.95
5.08
4.73
4.51
4.25
3.94
3.62
3.62
3.6
3.19
- -
- -
3.69
3.59
- -
Return on Invested Capital (%)
- -
14.9
11.91
7.19
7.51
7.09
7.56
11.52
13.83
10.68
7.61
9.69
- -
- -
3
2.42
- -
Return on Capital (%)
- -
29.77
19.56
10.24
10.99
10.34
11.2
18.42
21.73
16.25
10.51
14.18
0.13
-4.26
3.2
2.23
-0.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
777
891
LT Borrowings
- -
5,188
5,140
LT Finance Leases
- -
31
31
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
156
154
153
Market Capitalization
6,517
5,904
5,603

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
234
254
Cash, Cash Equivalents & STI
- -
42
60
Accounts Receivable, Net
- -
17
73
Inventories
- -
- -
- -
Total Current Liabilities
- -
1,136
1,234
Payables & Accruals
- -
144
130
ST Debt
- -
777
891
Deferred Revenue
- -
19
21

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.91%
-0.92%
-2.95%
Free Cash Flow
7.29%
3.8%
-12.33%
Net Income, GAAP
-323.18%
-674.1%
-32.69%
Sales/Revenue/Turnover
6.71%
2.81%
-9.83%
Total Cash Common Dividend
9.68%
6.07%
-0.41%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
276
278
282
276
1,113
2025
253
254
- -
243
1,003
2026
248
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.08
0.66
0.28
- -
1.74
2025
0.05
0.47
- -
- -
1.24
2026
-1.17
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.35
0.36
- -
1.42
2025
0.37
0.38
- -
- -
1.5
2026
0.38
- -
- -
- -
- -
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Business
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX: CAR-UN) is Canada's largest publicly traded provider of quality rental housing and a fully internalized real estate investment trust that owns and manages multi-unit residential properties, including apartment buildings, townhomes and manufactured home communities, principally located in or near major urban centers across Canada and the Netherlands. Founded in 1997 and headquartered at 11 Church Street, Suite 401, Toronto, Ontario, the company owns approximately 45,000 well-located residential apartment suites and townhomes with a total fair value of about $14.5 billion as of September 30, 2025; its portfolio focuses on high-occupancy properties generating stable rental revenue primarily from the Greater Toronto and Greater Montreal regions, supplemented by operations in Western Canada, the Netherlands and select other European markets. CAPREIT delivers comprehensive property management services encompassing staffing, budgeting, marketing, maintenance, renovations and advisory support for asset optimization, branding and affordable housing compliance, targeting long-term residents in vibrant communities while emphasizing operational excellence and resident satisfaction. Recent strategic initiatives include $297 million in portfolio repositioning since Q2 2025, featuring the acquisition of five high-quality Canadian rental apartment properties for $214 million—including sites in West Vancouver, British Columbia, and Regina, Saskatchewan—and dispositions of two non-core assets for $82.5 million gross proceeds; additional 2025 activity encompasses $192 million in further acquisitions of recently constructed properties, $120.7 million deployed under its Normal Course Issuer Bid program, and ongoing divestments such as a 717-suite Montréal sale for $103.8 million alongside $97.6 million in Western Canada purchases.