CAPREIT Announces March 2024 Distribution
15 March 2024 - 11:00PM
Canadian Apartment Properties Real Estate Investment Trust
(“CAPREIT”) (TSX: CAR.UN) announced today its March 2024 monthly
distribution in the amount of $0.12083 per Unit (or $1.45 on an
annualized basis). The March 2024 distribution will be payable on
April 15, 2024 to Unitholders of record at the close of business on
March 28, 2024.
CAPREIT is Canada’s largest publicly traded
provider of quality rental housing. As at December 31, 2023,
CAPREIT owns approximately 64,300 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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