Added to YB: 2026-01-05
Pitch date: 2026-01-01
CAR-UN.TO [bullish]
Canadian Apartment Properties Real Estate Investment Trust
+4.35%
current return
Author Info
No bio for this author
Company Info
CAPREIT is Canada's largest publicly traded provider of quality rental housing. CAPREIT owns approximately 45,000 residential apartment suites and townhomes, that are well-located across Canada and, to a lesser extent, the Netherlands as of September 30, 2025.
Market Cap
CAD 5.7B
Pitch Price
CAD 36.81
Price Target
48.45 (+31%)
Dividend
4.19%
EV/EBITDA
18.24
P/E
100.15
EV/Sales
10.91
Sector
Residential REITs
Category
value
CAR.UN — BTSX-27 Deep Dive
CAR-UN.TO: Canada's largest residential REIT trading at decade-low 14x FFO vs usual 18-20x. 4%+ yield (highest since 2016), 60% payout ratio down from 75%. 10% float bought back at mid-5% cap rates. Upgraded portfolio (18% vs 5% newer assets). Risks: immigration slowdown, Toronto condo supply, rising rates.
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