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Canadian Apartment Properties Real Estate Investment Trust (T:CAR.UN)

Business Focus: Residential REITs

Sector:  Real Estate Industry:  Residential REITs
 
Company Contact
Address: 11 Church Street,
TORONTO ON M5E 1W1
Tel: 1-416-8615771
Website: https://www.capreit.ca
IR: See website
Key People
Mark Kenney
President, Chief Executive Officer, Trustee
Stephen Co
Chief Financial Officer
Julian Schonfeldt
Chief Investment Officer
Business Overview
Canadian Apartment Properties Real Estate Investment Trust is a Canada-based company, which provides rental housing. The Company owns and manages interests in multiunit residential rental properties, including apartments, townhomes and manufactured home communities (MHC), principally located in and near urban centers across Canada. The Company owns approximately 65,000 residential apartment suites, town homes and manufactured home community sites located across Canada and the Netherlands. The Company's business and its investment highlights. The Company's objectives are to maintain a focus on maximizing occupancy and responsibly growing occupied average monthly rent (Occupied AMR) in accordance with local conditions in each of its markets; grow FFO per unit, sustainable distributions and NAV per unit by actively managing its properties; invest capital within the property portfolio and adopt edge technologies and solutions; and maintain financial management.
Financial Overview
For the fiscal year ended 31 December 2023, Canadian prtmnt Prprts Rl stt nvstmnt Tr revenues increased 6% to C$1.07B. Net loss totaled C$411.6M vs. income of C$13.6M. Revenues reflect Canada segment increase of 5% to C$925.7M, FFO per Share (Diluted) increase of 3% to C$2.4. Net loss reflects Net Operating Income (NOI)-Prince Edward decrease of 6% to C$4M, Fair value adjustments of investment pro increase of 95% to C$914.6M (expense).
Employees: 1,067 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $14,940M as of Dec 31, 2023
Annual revenue (TTM): $1,065M as of Dec 31, 2023
EBITDA (TTM): $618.29M as of Dec 31, 2023
Net annual income (TTM): -$411.57M as of Dec 31, 2023
Free cash flow (TTM): $381.85M as of Dec 31, 2023
Net Debt Last Fiscal Year: $7,150M as of Dec 31, 2023
Shares outstanding: 167,560,401 as of Mar 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization