Canadian Apartment Properties or CAPREIT is a growth-oriented investment trust. The REIT invests in residential properties, including apartment buildings, townhouses and land lease communities located in close proximity to major urban cities across Canada.
It is the largest Canadian REIT by market capitalization value. As Canada’s largest multi-family residential REIT, Canadian Apartment owns interests in more than 51,000 residential units, comprising 44,000+ residential suites and 32 manufactured home communities.
It also has land lease sites located near major urban areas across Canada and The Netherlands. Canadian Apartment has a good mix of properties across affordable, mid-tier and luxury sectors which offer diversification of income. CAPREIT is best known for its quality portfolio.
Stock Chart & Metrics
- Ticker: tse:car.un
- Sector: Real Estate
- Industry: REIT - Residential
- Market Cap: 8.14B
- Market Cap Group: Mid Cap
- P/E: 544.14
- Dividend Yield: 2.98%
- Grade: C
- Dividend Aristocrat: YES
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 5/10
- Dividend Income Fit: 3/10
Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| ESS | NYSE:ESS | Essex Property Trust Inc. | 13.46 | 27.82 | 4.40 | YES | 1 | 10 | 83 |
| CAR.UN | TSE:CAR.UN | Canadian Apartment Properties REIT | 8.14 | 544.14 | 2.98 | YES | 1 | 10 | 83 |
| BEI.UN | TSE:BEI.UN | Boardwalk REIT | 2.79 | 7.65 | 1.92 | NO | 1 | 10 | 83 |
| KMP.UN | TSE:KMP.UN | Killam Apartment REIT | 2.06 | 13.99 | 4.00 | YES | 1 | 10 | 83 |
| IIP.UN | TSE:IIP.UN | InterRent REIT | 1.91 | 21.05 | 2.69 | YES | 1 | 10 | 83 |
| MRG.UN | TSE:MRG.UN | Morguard North American Residential REIT | 0.67 | 12.16 | 4.20 | NO | 1 | 10 | 83 |
| MI.UN | TSE:MI.UN | Minto Apartment REIT | 0.61 | 3.66 | 3.22 | YES | 1 | 10 | 83 |
Top Picks by Bay Street Experts
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
Not all analysts are equal and they don't cover the same type of stocks. The analysts performance and ownership is tracked for comparison.
Canadian Apartment Properties REIT - FAQ
What is the stock ticker for Canadian Apartment Properties REIT?
The stock ticker for Canadian Apartment Properties REIT is TSE:car.un.
Is Canadian Apartment Properties REIT a good stock to buy?
You need to consider your investment strategy and how TSE:car.un can fit in your portfolio.
The current dividend income score of 3/10 and dividend growth score of 5/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Canadian Apartment Properties REIT a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 40 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Canadian Apartment Properties REIT?
You can easily buy the CAR.UN stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.