Canadian Apartment Properties Real Estate Investment Trust
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in mil. unless spec.Company Description
- CEO
- Brad Cutsey
- Full Time Employees
- 847
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 11 Church Street Toronto ON Canada M5E 1W1
- IPO Date
- May 21, 1997
- Website
- caprent.com
- Similar Companies
- 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.
Company News
CAPREIT Announces October 2026 Distribution
CAPREIT Announces Timing of Third Quarter 2026 Results & Conference Call
Yellowwood Launches Real Estate Design Partner Program With CAPREIT, Binswanger, and Reichard Capital
CAPREIT Announces August 2026 Distribution
Canadian Apartment Properties REIT Q2 Earnings Call Highlights
Canadian Apartment Properties Real Estate Investment Trust (CAR.UN:CA) Q2 2026 Earnings Call Transcript
CAPREIT Announces July 2026 Distribution
CAPREIT Announces June 2026 Distribution
CAPREIT Announces Results of 2026 Annual Meeting
CAPREIT Announces May 2026 Distribution
Canadian Apartment Properties Real Estate Investment Trust (CAR.UN:CA) Q1 2026 Earnings Call Transcript
CAPREIT Announces Retirement of CEO Mark Kenney; Board Appoints Brad Cutsey as Successor
CAPREIT Announces Release of 2025 ESG Report
European Residential Real Estate Investment Trust Announces Unitholder Approval and Anticipated Closing Date of Arrangement With Canadian Apartment Properties Real Estate Investment Trust
CAPREIT Announces April 2026 Distribution
ERES Files Management Information Circular in Connection with the Special Meeting to Approve Acquisition by Canadian Apartment Properties Real Estate Investment Trust
CAPREIT Announces Timing of First Quarter 2026 Results & Conference Call
CAPREIT Announces Renewal of Normal Course Issuer Bid
Canadian Apartment Properties: A Record Discount To NAV; Buy
European Residential Real Estate Investment Trust Announces Going-Private Transaction with Canadian Apartment Properties Real Estate Investment Trust