Last C$23.80 CAD
Change Today +0.06 / 0.25%
Volume 219.3K
As of 4:19 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

can apartment prop real esta (CAR-U) Snapshot

Open
C$23.80
Previous Close
C$23.74
Day High
C$23.95
Day Low
C$23.75
52 Week High
08/21/14 - C$24.22
52 Week Low
10/2/13 - C$20.09
Market Cap
2.6B
Average Volume 10 Days
191.6K
EPS TTM
C$2.41
Shares Outstanding
110.9M
EX-Date
08/27/14
P/E TM
9.9x
Dividend
C$1.18
Dividend Yield
4.86%
Current Stock Chart for CAN APARTMENT PROP REAL ESTA (CAR-U)

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can apartment prop real esta (CAR-U) Details

Canadian Apartment Properties Real Estate Investment Trust (CAP REIT) operates as an open-end real estate investment trust. It owns interests in multi-unit residential rental properties, including apartments, townhouses, and land lease adult lifestyle communities located in Canada. As of December 31, 2007, the company had ownership interests in a portfolio of 27,853 residential suites and 2 Ontario adult lifestyle land lease communities comprising 1,258 sites. As a Mutual Fund Trust, CAP REIT is required to distribute its income to its Unit holders to such an extent that it will not be liable for income tax under Part I of the Income Tax Act (Canada). The company was founded in 1997 and is headquartered in Toronto, Canada.

Founded in 1997

can apartment prop real esta (CAR-U) Top Compensated Officers

Chief Executive Officer, President and Truste...
Total Annual Compensation: C$746.0K
Chief Financial Officer
Total Annual Compensation: C$232.5K
Chief Operating Officer
Total Annual Compensation: C$398.5K
Chief Accounting Officer
Total Annual Compensation: C$270.5K
Compensation as of Fiscal Year 2013.

can apartment prop real esta (CAR-U) Key Developments

Canadian Apartment Properties Real Estate Investment Trust Announces August 2014 Distribution, Payable on September 15, 2014

Canadian Apartment Properties Real Estate Investment Trust announced its August 2014 monthly distribution in the amount of $0.09833 per Unit (or $1.18 on an annualized basis). The distribution will be payable on September 15, 2014 to Unitholders of record on August 29, 2014.

Canadian Apartment Properties Real Estate Investment Trust Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Full Year 2014

Canadian Apartment Properties Real Estate Investment Trust reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net operating income of $78,089,000 compared to $71,475,000 reported a year ago. Net income was $72,282,000 compared to $58,174,000 reported a year ago. Cash provided by operating activities was $64,486,000 compared to $54,622,000 reported a year ago. Capital investments were $32,476,000 compared to $28,689,000 reported a year ago. FFO was $46,325,000 or $0.425 per diluted share compared to $41,467,000 or $0.419 per diluted share reported a year ago. NFFO was $47,113,000 or $0.425 per diluted share compared to $42,582,000 or $0.419 per diluted share reported a year ago. Revenues were up 6.6% in the quarter, and as a result of prudent operating programs, NOI rose an even higher 9.3% compared to last year. NFFO rose significantly in the quarter by 10.6% primarily due to contributions from acquisition, increased average monthly rents and high stable occupancies. Operating revenue was $125,411,000 compared to $117,686,000 for the last year. For the six months, the company reported net operating income of $149,464,000 compared to $134,966,000 reported a year ago. Net income was $117,615,000 compared to $125,620,000 reported a year ago. Cash provided by operating activities was $132,930,000 compared to $109,618,000 reported a year ago. Capital investments were $76,009,000 compared to $61,871,000 reported a year ago. FFO was $88,361,000 or $0.815 per diluted share compared to $77,183,000 or $0.775 per diluted share reported a year ago. NFFO was $90,026,000 or $0.815 per diluted share compared to $78,768,000 or $0.775 per diluted share reported a year ago. Operating revenue was $251,944,000 compared to $233,010,000 for the last year. For the full 2014 year, the company expects to complete property capital investments of approximately $165 million to $175 million, including approximately $87 million targeted at acquisitions completed since January 1, 2011 and approximately $22 million in high-efficiency boilers and other energy-saving initiatives. Property capital investments include suite improvements, common areas and equipment, which generally tend to increase NOI more quickly. The company continues to invest in energy-saving initiatives, including boilers, energy-efficient lighting systems, and water-saving programs, which permit the company to mitigate potentially higher increases in utility and R&M costs and significantly improve overall portfolio NOI.

CAPREIT Increases Its Presence in Vibrant Prince Edward Island Market

Canadian Apartment Properties Real Estate Investment Trust announced that it has completed the acquisition of a 213-suite apartment portfolio in Charlottetown, Prince Edward Island. The portfolio consists of nine quality low-rise properties, the majority close to downtown and all within walking distance of key transportation links, shopping, schools and recreational facilities.

 

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