CAR.UN Canadian Apartment Properties Real Estate Investment Trust

Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today it will issue its financial results for the year ended December 31, 2022 after markets close on:

Wednesday, February 22, 2023

A conference call to discuss the results will be hosted by the CAPREIT senior management team on:

Thursday, February 23, 2023 at 9:00 am ET

The telephone numbers for the conference call are:

North American Toll Free: (844) 200-6205International: (929) 526-1599Conference Access Code: 810142

Please enter the Access Code followed by the # sign when instructed.

A slide presentation to accompany management’s comments during the conference call will be available prior to the conference call. To view the slides, access the CAPREIT website at www.capreit.ca, click on “For Investors” and follow the link on the page. Please log on at least 15 minutes before the call commences. The live call will also be available as a webcast. Please visit www.capreit.ca, go to the “For Investors” home page and access the link on the page.

The call and accompanying slides will be archived on the CAPREIT website at www.capreit.ca.

For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.capreit.ca and our public disclosure at www.sedar.com.

For more information, please contact:

CAPREITMr. Mark KenneyPresident & CEO (416) 861-9404

CAPREITMr. Stephen CoChief Financial Officer(416) 306-3009

CAPREITMr. Julian SchonfeldtChief Investment Officer(647) 535-2544