Investment Thesis
Canadian Apartment Properties REIT (CDPYF) (TSX:CAR.UN) delivered strong Q4 2018 earnings thanks to strong rental demand. We believe the REIT will continue to perform well in 2019 thanks to strong market fundamentals, and favorable leasing spread. Canadian Apartment currently trades at a premium to its peers due to its excellent track record of growth. It has also consistently increased its dividend in the past and has a safe payout ratio. We believe any pullback will create a good buying opportunity.
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Recent Developments: Q4 2018 Highlights
Canadian Apartment delivered solid Q4