Canadian rental housing providers for affordable housing: More info

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



  • 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



  • 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


In the Media

BNN Bloomberg Interview with Mark Kenney – housing affordability and the housing crisis

Mark Kenney, president and chief executive officer at Canadian Apartment REIT, joins BNN Bloomberg to unpack their latest earnings, and the housing crisis in Canada.
Read More
In the Media

Vancouver Real Estate Forum Interview with CAPREIT’s Chief Investment Officer, Julian Schonfeldt

Listen to CAPREIT’s Chief Investment Officer, Julian Schonfeldt, CFA, CPA, CA, CBV, as he speaks with the Real Estate Forum’s podcast, hosted from the Vancouver ...
Read More

CIB to provide $70 million financing to CAPREIT to retrofit 60 multi-residential buildings

CIB to provide $70 million financing to CAPREIT to retrofit 60 multi-residential buildings Approximately 14,000 suites to undergo energy efficient and carbon reduction measure May ...
Read More
Best Place to Work

Celebrating International Women’s Day at CAPREIT: Empowering Women, Inspiring Inclusion

It’s International Women's Day, and CAPREIT proudly celebrates the remarkable women who are integral to our success. From the innovators within our property management teams ...
Read More
Two construction workers installing a solar panel on a rooftop.

Conservation and Sustainability: Part 5 – Solar Energy

Harnessing the Power of the Future: Solar Energy In our final installment of our conservation and sustainability video series, watch CAPREIT’s Dan Rames, Senior Director, ...
Read More

Conservation and Sustainability: Part 4 – Fostering Sustainable Community Partnerships

Now in its third year, CAPREIT’s partnership with urban gardening experts MicroHabitat are a unique feature at four of our communities across the country – ...
Read More