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CDPYF - Canadian Apartment Properties: If You Like The North Look At Northview
Canadian Apartment Properties Real Estate Investment Trust Tr Units
2024-02-26 02:47:40 ET
Summary
Canadian Apartment Properties Real Estate Investment Trust's Q4 2023 results showed strong growth across the portfolio, but there's still no margin of safety.
The Company initiated an inaugural $400MM ATM program, which we view as a potential risk with the units trading slightly below NAV.
We maintain our Hold rating for CAPREIT, as we believe Northview Residential is still the clearest value play in Canadian multifamily.