Latest news with #CAPREIT
Toronto Star
a day ago
- Business
- Toronto Star
CAPREIT Announces August 2025 Distribution
TORONTO, Aug. 15, 2025 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust ('CAPREIT') (TSX: announced today its August 2025 monthly distribution in the amount of $0.12916 per Unit (or $1.55 on an annualized basis). The August 2025 distribution will be payable on September 15, 2025 to Unitholders of record at the close of business on August 29, 2025. CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at June 30, 2025, CAPREIT owns approximately 45,400 (excluding approximately 1,600 suites classified as assets held for sale) residential apartment suites and townhomes that are well-located across Canada and the Netherlands, with a total fair value of approximately $14.5 billion (excluding approximately $0.6 billion of assets held for sale). Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 117%. For more information about CAPREIT, its business and its investment highlights, please visit our website at and our public disclosure which can be found under our profile at
Yahoo
04-06-2025
- Business
- Yahoo
CAPREIT Announces Results of 2025 Annual and Special General Meeting
TORONTO, June 03, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (TSX: ('CAPREIT') announced today that, at its Annual and Special Meeting of Unitholders held today (the 'Meeting'), each of the items of business referred to in its management information circular dated April 10, 2025 (the 'Circular') were passed by a vote held by ballot. A total of 112,872,207 units and special voting units of CAPREIT (collectively, 'Units'), in the aggregate, representing 69.81% of CAPREIT's issued and outstanding Units were voted in connection with the Meeting. The voting results for each item of business are as follows: Election of Trustees: All nominees proposed in the Circular were elected as trustees. Nominee Votes For % Votes For Votes Withheld % Votes Withheld Lori-Ann Beausoleil 112,171,872 99.80% 220,024 0.20% Gina Parvaneh Cody 108,717,949 96.73% 3,673,947 3.27% Mark Kenney 106,907,142 95.12% 5,484,754 4.88% Gervais Levasseur 110,115,731 97.97% 2,276,165 2.03% Ken Silver 110,107,465 97.97% 2,284,431 2.03% Jennifer Stoddart 110,036,969 97.90% 2,354,927 2.10% Elaine Todres 106,412,821 94.68% 5,979,075 5.32% René Tremblay 110,190,230 98.04% 2,201,666 1.96% David Wesik 110,211,572 98.06% 2,180,324 1.94% Appointment of Auditors Votes For % Votes For Votes Withheld % Votes Withheld Ernst & Young LLP, Chartered Professional Accountants 112,800,122 99.94% 71,960 0.06% Advisory Vote on Executive Compensation A non-binding advisory vote to accept CAPREIT's approach to executive compensation was approved. Votes For % Votes For Votes Against % Votes Against 102,898,491 91.55% 9,493,279 8.45% Reconfirmation of the Unitholders' Rights Plan Agreement CAPREIT's unitholders' rights plan agreement was reconfirmed. Votes For % Votes For Votes Against % Votes Against 109,111,480 97.08% 3,280,291 2.92% About CAPREIT CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at March 31, 2025, CAPREIT owns approximately 46,800 residential apartment suites and townhomes that are well-located across Canada and the Netherlands, with a total fair value of approximately $14.9 billion. For more information about CAPREIT, its business and its investment highlights, please visit our website at and our public disclosures which can be found under our profile at For more information, please contact: CAPREIT Mr. Mark Kenney President & Chief Executive Officer (416) 861-9404 CAPREIT Mr. Stephen Co Chief Financial Officer (416) 306-3009 CAPREIT Mr. Julian Schonfeldt Chief Investment Officer (647) 535-2544
Yahoo
15-05-2025
- Business
- Yahoo
CAPREIT Renews At-The-Market Equity Program
TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust ('CAPREIT') (TSX: announced today that it has renewed its at-the-market equity program (the 'ATM Program') allowing CAPREIT to issue units of CAPREIT ('Trust Units') up to an aggregate sale price of $300 million from treasury to the public from time to time, at its sole discretion. Any Trust Units sold in the ATM Program will be sold directly through the Toronto Stock Exchange (the 'TSX') or on any other permitted marketplace at the prevailing market price at the time of sale. The ATM Program provides CAPREIT with additional financing flexibility, should it be required in the future. The volume and timing of distributions under the ATM Program, if any, will be determined at CAPREIT's sole discretion. CAPREIT intends to use the net proceeds from the ATM Program, if any, for future investments, repayment of indebtedness, and for general business purposes. As Trust Units sold in the ATM Program will be distributed at the prevailing market price at the time of sale, prices may vary among purchasers during the period of distribution. There is no certainty that any Trust Units will be offered or sold under the ATM Program. Distributions of the Trust Units through the ATM Program, if any, will be made pursuant to the terms of an equity distribution agreement dated May 15, 2025 (the 'Equity Distribution Agreement') with TD Securities Inc. (the 'Agent'). The ATM Program will be effective until June 15, 2027, unless terminated prior to such date by CAPREIT or otherwise in accordance with the terms of the Equity Distribution Agreement. The ATM Program is being established pursuant to a prospectus supplement dated May 15, 2025 (the 'Prospectus Supplement') to CAPREIT's short form base shelf prospectus (the 'Shelf Prospectus') dated May 15, 2025, both of which have been filed with securities regulatory authorities in each of the provinces of Canada. CAPREIT's previous at-the-market equity program, which commenced on February 22, 2024, ceased upon the establishment of the renewed ATM Program. The Prospectus Supplement, the Shelf Prospectus and the Equity Distribution Agreement are available on SEDAR+ at under CAPREIT's profile. This press release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction in which such offer, solicitation or sale is unlawful. This press release is not an offer of securities for sale in the United States ('U.S.'). The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the U.S., its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act. ABOUT CAPREITCAPREIT is Canada's largest publicly traded provider of quality rental housing. As at March 31, 2025, CAPREIT owns approximately 46,800 residential apartment suites and townhomes, that are well-located across Canada and the Netherlands, with a total fair value of approximately $14.9 billion, excluding approximately $12.5 million of assets held for sale. For more information about CAPREIT, its business and its investment highlights, please visit our website at and our public disclosures which can be found under our profile at CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this press release constitute forward-looking statements within the meaning of applicable Canadian securities laws which reflect CAPREIT's current expectations and projections about future results. Forward-looking statements generally can be identified by the use of forward-looking terminology such as 'outlook', 'objective', 'may', 'will', 'expect', 'intent', 'estimate', 'anticipate', 'believe', 'consider', 'should', 'plans', 'predict', 'estimate', 'forward', 'potential', 'could', 'likely', 'approximately', 'scheduled', 'forecast', 'variation' or 'continue', or similar expressions suggesting future outcomes or events, and which include, without limitation, the aggregate value of Trust Units which may be issued pursuant to the ATM Program and CAPREIT's expected use of the net proceeds of the ATM Program, if any. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. Actual results and developments may differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Any number of factors could cause actual results to differ materially from these forward-looking statements. Although CAPREIT believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Such forward-looking statements are based on a number of assumptions that may prove to be incorrect. Accordingly, readers should not place undue reliance on forward-looking statements. Forward looking statements in this press release are subject to certain risks and uncertainties that could result in actual results differing materially from these forward-looking statements. These risks and uncertainties are more fully described in regulatory filings that can be obtained on SEDAR+ at Except as specifically required by applicable Canadian securities law, CAPREIT does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. These forward-looking statements should not be relied upon as representing CAPREIT's views as of any date subsequent to the date of this press release. For more information, please contact: CAPREITMr. Mark KenneyPresident and Chief Executive Officer(416) 861-9404 CAPREITMr. Stephen CoChief Financial Officer(416) 306-3009 CAPREITMr. Julian SchonfeldtChief Investment Officer(647) 535-2544 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-03-2025
- Business
- Yahoo
Canadian Real Estate Stocks Plummet: Is it Time to Sell or Buy?
Written by Amy Legate-Wolfe at The Motley Fool Canada The Canadian real estate market has been in a rough patch lately. Home sales dropped by 9.8% in February, the biggest decline since May 2022. The impact has been widespread, with about three-quarters of local markets feeling the pressure. Toronto and the surrounding areas have been hit especially hard, raising concerns about what comes next for the sector. For real estate investment trusts (REITs), the situation hasn't been any easier. These stocks, which provide exposure to rental properties, retail spaces, and other income-generating real estate, have been facing challenges. Higher interest rates, economic uncertainty, and shifting tenant demand have put pressure on valuations. Many investors are now wondering whether it's time to cut losses or look for long-term opportunities. So, let's look at some popular real estate stocks and where they land. One of the largest players in the space, Canadian Apartment Properties REIT (TSX: has a market capitalization of about $6.8 billion as of March 2025. CAPREIT owns a vast portfolio of rental properties across Canada and has historically been a go-to for investors seeking stable rental income. However, it hasn't been immune to the broader market struggles. In its latest earnings report, CAPREIT posted steady occupancy rates but flagged some concerns. Rising costs, a softer rental market in certain regions, and ongoing affordability issues have created uncertainty. The real estate stock is still generating income, but it remains to be seen how much growth it can achieve in the near term. Another major player, RioCan REIT, (TSX: specializes in retail and mixed-use properties. With a market cap of around $5.5 billion, it's one of Canada's largest real estate firms. The real estate stock has been working to transition beyond traditional shopping centres by adding residential units to its portfolio — a strategy aimed at offsetting challenges in the retail sector. Despite these efforts, its latest earnings report showed a slight dip in rental income. Some tenants are struggling, and while RioCan has long-term leases in place, it's clear the retail environment isn't as strong as it once was. SmartCentres REIT (TSX: is another real estate giant valued at about $4.4 billion. It has a strong presence in retail, particularly with Walmart-anchored shopping centres. This has provided some stability, but the real estate stock has also been pushing into residential and mixed-use developments to diversify its revenue streams. The latest earnings report showed resilience in its core business. Yet, like other REITs, SmartCentres is facing headwinds from higher interest rates and shifting consumer behaviour. The biggest question for investors is whether this downturn presents a buying opportunity or a warning sign to stay away. Real estate stocks tend to be highly sensitive to interest rate changes, and with rates remaining elevated, borrowing costs have made it more expensive for REITs to expand and refinance debt. If the Bank of Canada continues rate cuts, REITs could get a much-needed boost. But until then, many will remain under pressure. That said, some investors see long-term value. CAPREIT continues to collect steady rental income, RioCan's mixed-use strategy could pay off over time, and SmartCentres's diversification efforts may provide stability. For those willing to ride out the volatility, today's lower prices could be an opportunity to lock in strong dividends. For now, the real estate market remains uncertain, and not every real estate stock will recover at the same pace. Investors should be selective, looking for companies with strong balance sheets, reliable cash flow, and a clear strategy for weathering the current environment. While the market may look bleak today, those with patience could see brighter days ahead. The post Canadian Real Estate Stocks Plummet: Is it Time to Sell or Buy? appeared first on The Motley Fool Canada. Before you buy stock in Canadian Apartment Properties, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Canadian Apartment Properties wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $20,697.16!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*. See the Top Stocks * Returns as of 3/20/25 More reading Best Canadian Stocks to Buy in 2025 Here's Exactly How $15,000 in a TFSA Could Grow Into $200,000 4 Secrets of TFSA Millionaires Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends SmartCentres Real Estate Investment Trust. The Motley Fool has a disclosure policy. 2025
