For complete details, please see our 2022 Annual Report.
or visit our Investors Site
CAPREIT 2022 Annual Report
Celebrating 25 Years
“In 2022, we were proud to celebrate 25 years of growth and performance. Since 1997, our asset base has expanded to approximately 67,000 apartment suites, townhomes and MHC sites valued at over $17 billion. Most importantly, Unitholders have received a compounded annual return of 12% since inception, a testament to our management team, our proven value-enhancing strategies and the continuing strong fundamentals in our business.”
Mark Kenney
Chief Executive Officer
2022 Highlights & Objectives
HIGHLIGHTS
- Celebrated 25 years of growth and performance
- Record-breaking fourth quarter and annual rent uplift on turnover in Canada of 24% and 15%, respectively
- Actively executing on asset allocation strategy, diversifying and upgrading portfolio quality
- Invested over $245 million to date in NCIB program at attractive pricing, crystallizing value for Unitholders
- Accretive growth in NFFO per Unit, up by 1%
- Fortified financial position with over $1 billion in favourable new and refinanced mortgage principal
- Proactively living up to commitment to contribute to Canada’s housing supply and affordability solutions
- Refreshed executive management team, reinforcing leadership strength, experience and innovation
- Achieved meaningful progress on ESG initiatives
OBJECTIVES
- To provide Unitholders with long-term, stable and predictable monthly cash distributions;
- To grow NFFO, sustainable distributions and NAV through the active management of its properties, accretive acquisitions and dispositions, developments, intensifications and strong financial management; and
- To invest capital within the property portfolio in order to maximize earnings and cash flow potential and to help ensure life safety of residents.
News
In the Media
The Pendrell 1770 wins the CoStar Impact Award for Sale/Acquisition of the Year
Exciting News! We are proud to share that CAPREIT has received the CoStar Impact Award for Sale/Acquisition of the Year for the The Pendrell 1770 ...
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In the Media
Q&A with CAPREIT’s Julian Schonfeldt on the firm’s portfolio evolution
In an exclusive interview with Green Street News, Julian Schonfeldt, CAPREIT’s Chief Investment Officer, discusses recent dispositions, potential acquisitions, and future trends in rent prices ...
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Press Releases
CAPREIT announces $194 million in new acquisition and disposition activity
Canadian Apartment Properties Real Estate Investment Trust announced today that it has completed two non-core dispositions in Canada for combined gross proceeds of $96.8 million, ...
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Press Releases
CAPREIT Announces $104 Million Disposition in Montréal
Canadian Apartment Properties Real Estate Investment Trust announced today that it has closed on the acquisition of three recently constructed rental apartment properties in Canada, ...
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Press Releases
CAPREIT announces $313 million of capital deployment in November
Canadian Apartment Properties Real Estate Investment Trust announced today that it has closed on the acquisition of three recently constructed rental apartment properties in Canada, ...
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Press Releases
CAPREIT provides strategic update with $210 million in non-core dispositions
Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that, since its last transaction press release on August 1, 2024, it has closed ...
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