CAPREIT Announces February 2024 Distribution
February 15 2024 - 5:00PM
Canadian Apartment Properties Real Estate Investment Trust
(“CAPREIT”) (TSX: CAR.UN) announced today its February 2024 monthly
distribution in the amount of $0.12083 per Unit (or $1.45 on an
annualized basis). The February 2024 distribution will be payable
on March 15, 2024 to Unitholders of record at the close of business
on February 29, 2024.
CAPREIT is Canada’s largest publicly traded
provider of quality rental housing. As at September 30, 2023,
CAPREIT owns approximately 64,500 residential apartment suites,
townhomes and manufactured home community sites well-located across
Canada and the Netherlands, with approximately $16.5 billion of
investment properties in Canada and Europe. Since its Initial
Public Offering in May 1997, CAPREIT has grown monthly cash
distributions per Unit by 103%. 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:
CAPREITMr. Mark KenneyPresident & Chief Executive Officer(416)
861-9404 |
CAPREITMr. Stephen CoChief Financial Officer(416) 306-3009 |
CAPREITMr. Julian SchonfeldtChief Investment Officer(647)
535-2544 |
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