CAPREIT Announces July 2023 Distribution
18 July 2023 - 7:00AM
Canadian Apartment Properties Real Estate Investment Trust
(“CAPREIT”) (TSX: CAR.UN) announced today its July 2023 monthly
distribution in the amount of $0.12084 per Unit (or $1.45 on an
annualized basis). The July distribution will be payable on August
15, 2023 to Unitholders of record on July 31, 2023.
CAPREIT is Canada’s largest publicly traded
provider of quality rental housing. As at March 31, 2023, CAPREIT
owns approximately 66,000 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 |
CAPREITMr. Stephen CoChief Financial Officer(416) 306-3009 |
CAPREITMr. Julian SchonfeldtChief Investment Officer(647)
535-2544 |
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