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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.

For complete details, please see our 2022 Annual Report.

or visit our Investors Site

News

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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In the Media

BNN Bloomberg Interview with Mark Kenney – Canada has an income distress problem

Mark Kenney, president and chief executive officer at Canadian Apartment REIT, joins BNN Bloomberg to discuss concerns for the housing market.
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Press Releases

CAPREIT accelerates capital recycling with $477 million in new strategic transactions

Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that, since the first quarter of 2024, it has completed six acquisitions of new ...
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Press Releases

CAPREIT Announces Strategic Sale of MHC Portfolio for $740 Million

Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has entered into an agreement with an entity controlled by TPG Real ...
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E.S.G.

CAPREIT Announces Release of 2023 ESG Report

Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has issued its fifth annual Environmental, Social, and Governance (“ESG”) Report.
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