CAPREIT Announces Increased February 2025 Distribution
TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its February 2025 monthly distribution in the amount of $0.12916 per Unit (or $1.55 on an annualized basis). The February 2025 distribution will be payable on March 17, 2025 to Unitholders of record at the close of business on February 28, 2025.
CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at December 31, 2024, CAPREIT owns approximately 46,900 residential apartment suites and townhomes (excluding approximately 1,800 suites and sites classified as assets held for sale), that are well-located across Canada and the Netherlands, with a total fair value of approximately $14.9 billion, excluding approximately $0.3 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 www.capreit.ca and our public disclosure which can be found under our profile at www.sedarplus.ca.
For further 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 |
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