CAPREIT Announces March 2023 Distribution
16 March 2023 - 08:00AM
Canadian Apartment Properties Real Estate Investment Trust
(“CAPREIT”) (TSX – CAR.UN) announced today its March 2023 monthly
distribution in the amount of $0.12083 per Unit (or $1.45 on an
annualized basis). The March distribution will be payable on April
17, 2023 to Unitholders of record on March 31, 2023.
CAPREIT is Canada’s largest publicly traded
provider of quality rental housing. As at December 31, 2022,
CAPREIT owns or has interests in approximately 67,000 residential
apartment suites, townhomes and manufactured home community sites
well-located across Canada and the Netherlands, with approximately
$17 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.sedar.com.
For further information please contact:
CAPREITMr. Mark KenneyPresident & Chief Executive
Officer(416) 861-9404 |
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CAPREITMr. Stephen CoChief Financial Officer(416) 306-3009 |
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CAPREITMr. Julian SchonfeldtChief Investment Officer(647)
535-2544 |
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