News & Videos - CANADIAN APARTMENT PROPERTIES REAL ESTA - Page 2

TORONTO, July 05, 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 and six months ended June 30, 2023 after markets close on: Thursday, August 3, 2023 A conference call to discuss the results will be hosted by the CAPREIT senior management team on: Friday, August 4, 2023 at 9:00 am ET The telephone numbers for the conference call are: Canadian Toll Free: (833)...

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. CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at March 31, 2023, CAPREIT owns approximately 66,000 residential...

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 transaction costs) in two new construction rental properties. CAPREIT completed the disposition of one...

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 by ballot. A total of 114,028,175 units and special voting units of CAPREIT (collectively, “Units”), in the...

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. CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at March 31, 2023, CAPREIT owns approximately 66,000 residential...

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. HIGHLIGHTS: As at March 31, 2023 December 31, 2022 March 31, 2022 Total Portfolio Performance and Other Measures Number of suites and sites...

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 $27.8 million (excluding disposition costs). CAPREIT also discharged the $12.4 million mortgage principal...

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. CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at December 31, 2022, CAPREIT owns or has interests in...

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 team on: Monday, May 15, 2023 at 9:00 am ET The telephone numbers for the conference call are: Canadian Toll Free: (833) 950-0062...

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 desirable use of its available liquidity to increase unitholder value and is in the best interest of CAPREIT and its...

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, 2023. CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at December 31, 2022, CAPREIT owns or has interests in...

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 CAPREIT. The site plan was approved by local planning authorities, the land was severed, and...

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 another newly-built property that CAPREIT purchased in 2022, providing economies of scale. CAPREIT...

TORONTO, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) is pleased to announce that Ms. Jennifer Stoddart has joined CAPREIT’s Board of Trustees (the “Board”) effective February 27, 2023. CAPREIT has also announced that Jamie Schwartz has stepped down from the Board, effective as of February 22, 2023, to focus on his other endeavors. Mr. Schwartz served as a trustee of CAPREIT since his appointment to the Board in...

TORONTO, Feb. 22, 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 and year ended December 31, 2022. Management will host a conference call to discuss the financial results on Thursday, February 23, 2023 at 9:00 a.m. EST. HIGHLIGHTS: Three Months Ended Year Ended December 31, December 31, 2022 2021 2022 2021 Portfolio Performance Overall...

TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its February 2023 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The February distribution will be payable on March 15, 2023 to Unitholders of record on February 28, 2023. CAPREIT is Canada’s largest publicly-traded provider of quality rental housing. As at December 31, 2022, CAPREIT owns or has...

TORONTO, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the disposition of its 50% non-managing interest in three jointly owned properties located in Ottawa, Ontario. The off-strategy, value-add assets were built between 1969 and 1981 and require ongoing capital expenditure to support their current growth profiles. CAPREIT’s 50% share in the aggregate 1,150 residential suites was...

OTTAWA, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX: CAR.UN) enthusiastically welcomes British Columbia Premier David Eby’s announcement of a $500 million Rental Protection Fund. The fund will provide non-profit housing organizations with one-time capital grants so they can purchase affordable residential rental buildings to preserve affordability of those rental units for the longer term. The British Columbia government expects...

TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its January 2023 monthly distribution in the amount of $0.12084 per Unit (or $1.45 on an annualized basis). The January distribution will be payable on February 15, 2023 to Unitholders of record on January 31, 2023. CAPREIT is Canada’s largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in...

TORONTO, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today it will issue its financial results for the year ended December 31, 2022 after markets close on: Wednesday, February 22, 2023 A conference call to discuss the results will be hosted by the CAPREIT senior management team on: Thursday, February 23, 2023 at 9:00 am ET The telephone numbers for the conference call are: North American Toll Free: (844)...