14 slides from Canadian Apartment Properties Real Estate Investment Trust's earnings presentation, May 8, 2026
Slide 1: Results Conference Call
MacLaren Edmonton, AB Results Conference Call May 8, 2026 Q1 2026 1
Slide 2: Disclaimer
Disclaimer Presentation Overview Non -IFRS Measures This presentation and our answers to questions in today’s session may contain CAPREIT prepares and releases unaudited condensed consolidated interim financial forward -looking information within the meaning of applicable securities laws. statements
Slide 3: Executive Team
MEET THE TEAM Executive Team Mark Kenney Stephen Co President & Chief Executive Officer Chief Financial Officer CAPREIT CONFERENCE CALL | Q1 2026 3
Slide 4: Overview: 2026 Highlights
OPENING REMARKS Overview: 2026 Highlights 1. As at March 31, 2026. 2. As at March 31, 2026 vs. March 31, 2025. 3. For the three months ended March 31, 2026. $45 M $143M 97.1% 2.9 % Acquisitions and Property Dispositions Same Property Canadian Same Property Canadian Dispositions in Canada in Europe R
Slide 5: Capital Allocation Update
Nell’s Place Vancouver, BC INVESTMENT STRATEGY Capital Allocation Update
Slide 6: Strategic Portfolio Repositioning
INVESTMENT STRATEGY Strategic Portfolio Repositioning Note : Portfolio mix reflects March 31, 2026 IFRS fair values, and is subject to change based on market conditions. 68 % CORE 19% RECENTLY CONSTRUCTED Tower Hill, Toronto Olympic Village, Montreal White Oaks, Oakville MacLaren, Edmonton Grafton P
Slide 7: First Quarter Update
Nell’s Place Vancouver, BC PERFORMANCE OVERVIEW First Quarter Update
Slide 8: Operational Results
PERFORMANCE OVERVIEW Operational Results AMRs & Occupancies Total Canadian Residential Portfolio Occupied AMR Occupancy 100% 97.1% $1,750 $1,650 Average Monthly Rents 90% Occupancy Rate $1,550 $1,450 80% $1,350 70% $1,250 Mar'23 Jun'23 Sept'23 Dec'23 Mar'24 Jun'24 Sept'24 Dec'24 Mar'25 Jun'25 Sept'2
Slide 9: Operational Results: Canadian Suite Turnovers
PERFORMANCE OVERVIEW Residents in suites for l ess than two years 2 Operational Results Canadian Suite Turnovers -10.8% 45% Change in Monthly Rent Portion of Turnovers Portfolio Distribution & Monthly Rent Per Square Foot by Lease Tenure 1 Residents in suites for two years or longer 2 30% $1.6 $2.6
Slide 10: Financial Results First Quarter
Sterling Manor PERFORMANCE OVERVIEW Regina, SK Financial Results First Quarter THREE MONTHS ENDED MARCH 31, 2026 2025 CHANGE (%) Same Property Canadian Operating Revenues $229.3M $226.9M +1.1% Same Property Canadian Operating Costs $86.8M $87.2M -0.5% Same Property Canadian Net Operating Income (NOI
Slide 11: Canadian Debt Strategy: Liquidity & Laddered Mortgage Profile
PERFORMANCE OVERVIEW Canadian Debt Strategy: Liquidity 4.3Y & Laddered Mortgage Profile Weighted average mortgage term to maturity 700 13% 5.0% 13% 12% 12% 11% 600 $124M 11% 4.0% 10% 500 9% Maturities ($M) 3.0% Available liquidity in cash & capacity 400 on Acquisition & Operating Facility Rate 300 6
Slide 12: Environmental, Social, Governance
AVA Montréal, QC CLOSING REMARKS Environmental, Social, Governance
Slide 13: Environmental, Social, and Governance: 2025 Report Highlights
MacLaren CLOSING REMARKS Edmonton, AB Environmental, Social, and Governance : 2025 Report Highlights Environmental Social Governance Reducing our environmental impact, Providing safe, comfortable, and enjoyable Pursuing excellence in strengthening asset quality, and staying homes that enhance reside
Slide 14: Contact Us
Market CANADIAN APARTMENT PROPERTIES REIT (CAPREIT) Laval, QC Contact Us A: 11 Church Street, Suite 401, Toronto, Ontario, M5E 1W1 P: +1 416-861-9404 E: ir@capreit.net W: capreit.ca MARK KENNEY President & Chief Executive Officer STEPHEN CO Chief Financial Officer 14