CAPREIT Reports First Quarter 2025 Results

About this update from Canadian Apartment Properties Real Estate Investment Trust

[{"type":"text","content":"CAPREIT Reports First Quarter 2025 Results\n\n\n\n TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (\"CAPREIT\") (TSX: CAR.UN) announced today its operating and financial results for the three months ended March 31, 2025. Management will host a conference call to discuss the financial results on Friday, May 9, 2025 at 9:00 a.m. ET.\n \n\n\n HIGHLIGHTS\n \n\n\n\n\n\n As at\n \n\n\n\n\n\n March 31, 2025\n \n\n\n\n\n\n\n\n December 31, 2024\n \n\n\n\n\n\n\n\n March 31, 2024\n \n\n\n\n\n\n\n\n Total Portfolio Performance and Other Measures\n \n\n\n\n\n\n\n\n\n\n\n Number of suites and sites\n \n (1)\n \n\n\n\n\n\n 47,197\n \n\n\n\n\n\n\n 48,696\n \n\n\n\n\n\n 64,151\n \n\n\n\n\n\n Investment properties fair value\n \n (2)\n \n (000s)\n \n\n\n $\n \n\n\n\n 14,941,512\n \n\n\n\n\n $\n \n\n 14,868,362\n \n\n\n\n $\n \n\n 16,695,616\n \n\n\n\n\n\n Assets held for sale (000s)\n \n\n\n $\n \n\n\n\n 12,500\n \n\n\n\n\n $\n \n\n 307,460\n \n\n\n\n $\n \n\n 33,000\n \n\n\n\n\n\n\n Occupied AMR\n \n\n\n (1)(3)\n \n\n\n\n\n\n\n\n\n\n\n\n Canadian Residential Portfolio\n \n (4)\n \n\n\n\n $\n \n\n\n\n 1,677\n \n\n\n\n\n $\n \n\n 1,636\n \n\n\n\n $\n \n\n 1,552\n \n\n\n\n\n\n The Netherlands Residential Portfolio\n \n\n\n €\n \n\n\n\n 1,248\n \n\n\n\n\n €\n \n\n 1,222\n \n\n\n\n €\n \n\n 1,068\n \n\n\n\n\n\n\n Occupancy\n \n\n\n (1)\n \n\n\n\n\n\n\n\n\n\n\n\n Canadian Residential Portfolio\n \n (4)\n \n\n\n\n\n\n 97.9\n \n\n\n\n %\n \n\n\n\n\n 97.5\n \n\n %\n \n\n\n\n 98.4\n \n\n %\n \n\n\n\n The Netherlands Residential Portfolio\n \n\n\n\n\n 93.6\n \n\n\n\n %\n \n\n\n\n\n 94.6\n \n\n %\n \n\n\n\n 98.5\n \n\n %\n \n\n\n\n Total Portfolio\n \n (5)\n \n\n\n\n\n\n 97.6\n \n\n\n\n %\n \n\n\n\n\n 97.2\n \n\n %\n \n\n\n\n 98.0\n \n\n %\n \n\n\n\n\n\n\n\n\n\n (1)\n \n\n\n\n\n As at March 31, 2025, includes 357 sites classified as assets held for sale in Canada (December 31, 2024 – 1,803 suites and sites in Canada and Europe, March 31, 2024 – 79 suites in Canada), but excludes commercial suites.\n \n\n\n\n\n (2)\n \n\n\n\n\n Investment properties exclude assets held for sale.\n \n\n\n\n\n (3)\n \n\n\n\n\n Occupied average monthly rent (\"Occupied AMR\") is defined as actual residential rents divided by the total number of occupied suites or sites in the pro...

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