TORONTO, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its October 2022 monthly distribution in the amount of $0.12084 per Unit (or $1.45 on an annualized basis). The October distribution will be payable on November 15, 2022 to Unitholders of record on October 31, 2022.
CAPREIT is Canada’s largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in approximately 67,000 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada and the Netherlands with approximately $18 billion of assets under management globally. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 103%. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosure which can be found under our profile at www.sedar.com .
For further information please contact:
CAPREIT | CAPREIT | CAPREIT |
Mr. Mark Kenney, | Mr. Stephen Co, | Mr. Julian Schonfeldt, |
President & Chief Executive Officer | Chief Financial Officer | Chief Investment Officer |
(416) 861-9404 | (416) 306-3009 | (647) 535-2544 |