Canadian Apartment Properties Real Estate Investment Trust (CAR.UN) Stock Overview
Canadian Apartment Properties Real Estate Investment Trust is Canada's largest publicly traded provider of quality rental housing. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
CAR.UN Community Fair Values
Create NarrativeSee what 29 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Canadian Apartment Properties Real Estate Investment Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$34.11 |
| 52 Week High | CA$46.29 |
| 52 Week Low | CA$33.15 |
| Beta | 0.94 |
| 1 Month Change | -5.96% |
| 3 Month Change | -8.63% |
| 1 Year Change | -22.78% |
| 3 Year Change | -32.84% |
| 5 Year Change | -40.09% |
| Change since IPO | 241.10% |
Recent News & Updates
Recent updates
Narrative Update • May 26
CAR.UN: Distributions And Incoming Leadership Will Support Future Outperformance
Analysts have adjusted their price target for Canadian Apartment Properties REIT to CA$43.13 from CA$44.79, reflecting updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Canadian Apartment Properties REIT announced the planned retirement of CEO Mark Kenney and the appointment of Brad Cutsey as his successor, effective July 2, 2026.Narrative Update • Apr 28
CAR.UN: Distributions And Completed Buyback Will Support Future Outperformance
Analysts now set their average price target for Canadian Apartment Properties REIT at about CA$44.79, a slight adjustment from roughly CA$44.90. This reflects updated inputs around discount rate, revenue growth, profit margins and expected future P/E that remain broadly consistent with prior assumptions.Narrative Update • Apr 14
CAR.UN: Steady Distributions And Completed Buyback Will Support Future Outperformance
Analysts are keeping their price target for Canadian Apartment Properties REIT steady at about CA$44.90, with only minor tweaks to inputs such as the discount rate, long term revenue growth, profit margins, and future P/E leading to a largely unchanged fair value view. What's in the News Announced a March 2026 monthly distribution of $0.12917 per unit, or $1.55 on an annualized basis, payable on April 15, 2026 to unitholders of record on March 31, 2026 (Key Developments).Narrative Update • Mar 31
CAR.UN: Buybacks And Reliable Distributions Will Support Future Outperformance
Analysts have slightly reduced their price target on Canadian Apartment Properties REIT to about CA$44.90 from roughly CA$45.04, reflecting updated views on discount rate assumptions, revenue growth expectations, profit margins and future P/E levels. What's in the News Announced a March 2026 monthly distribution of $0.12917 per unit, or $1.55 on an annualized basis, payable on April 15, 2026 to unitholders of record on March 31, 2026 (Key Developments).Narrative Update • Mar 17
CAR.UN: Distribution Stability And Buybacks Will Support Future Outperformance
Analysts have lowered their price target for Canadian Apartment Properties REIT by about CA$1.28, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E levels. What's in the News Announced a February 2026 monthly distribution of $0.12916 per unit, equivalent to $1.55 on an annualized basis, payable on March 16, 2026 to unitholders of record on February 27, 2026 (Key Developments).
Narrative Update • Mar 03
CAR.UN: Fair View Will Depend On Execution Amid Index Removal And Buybacks
Analysts have trimmed their price target on Canadian Apartment Properties REIT slightly to CA$40.32 from CA$40.41. This reflects updated views on discount rates, more modest revenue growth assumptions, and a higher expected future P/E multiple.
Narrative Update • Feb 17
CAR.UN: Index Changes And Steady Distributions Will Support Long Term Upside
Analysts have reiterated their CA$51.14 price target on Canadian Apartment Properties REIT, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that keep their overall valuation view unchanged. What's in the News Announced its December 2025 monthly distribution of $0.12917 per unit, equivalent to $1.55 on an annualized basis, payable on January 15, 2026 to unitholders of record as of December 31, 2025 (Key Developments).Narrative Update • Feb 03
CAR.UN: Long Term Cash Flow And Buybacks Will Support Upside
Analysts have trimmed their fair value estimate for Canadian Apartment Properties Real Estate Investment Trust to C$51.14 from C$71.76 and now see a C$47 Street price target, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Bullish analysts point to the updated C$47 price target as a sign that they still see upside potential relative to the revised fair value estimate of C$51.14, even after adjusting their assumptions for discount rates, revenue growth, profit margins and future P/E multiples.Narrative Update • Jan 19
CAR.UN: Fair Value View Will Rely On Execution Under Lower Upside Expectations
Analysts have trimmed their price target on Canadian Apartment Properties REIT by C$1 to C$47. This change reflects updated views on its fair value and earnings outlook based on recent model revisions.Narrative Update • Jan 05
CAR.UN: Apartment Portfolio Stability Will Support Future Outperformance Despite Modest Outlook Recalibration
Analysts have trimmed their fair value estimate and reduced their price target on Canadian Apartment Properties Real Estate Investment Trust to C$47 from C$48, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent research points to a modest recalibration in expectations, with the fair value estimate and price target adjusted to C$47 from C$48.Narrative Update • Dec 21
CAR.UN: Revenue And Margin Improvements Will Face Tighter Upside Expectations
Analysts have trimmed their price target on Canadian Apartment Properties Real Estate Investment Trust to roughly C$41 from about C$45, reflecting lower fair value estimates even as they highlight improving revenue growth, stronger profit margins, and a more attractive future earnings multiple. Analyst Commentary Bearish analysts have recently adjusted their models to reflect a more cautious outlook on Canadian Apartment Properties Real Estate Investment Trust, trimming price targets despite acknowledging operational improvements.Narrative Update • Dec 07
CAR.UN: Apartment Portfolio Stability Will Drive Future Outperformance Despite Modest Outlook Trim
Analysts have trimmed their price target on Canadian Apartment Properties Real Estate Investment Trust to C$47 from C$48, reflecting slightly lower fair value estimates amid modest downward revisions to revenue growth, profit margin, and future P/E assumptions, while maintaining a positive outlook on the shares. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the modest reduction in the price target still implies meaningful upside from current trading levels, suggesting the shares remain attractively valued on a relative basis.Narrative Update • Nov 23
CAR.UN: Recent Property Acquisitions Will Drive Outperformance Amid Sector Uncertainty
Analysts have reduced their price target for Canadian Apartment Properties Real Estate Investment Trust from $52.16 to $47.64. This change reflects updated expectations for revenue growth, profit margins, and sector outlook.Narrative Update • Nov 06
CAR.UN: Recent Acquisitions And Lower Risk Will Drive Future Value
Analysts have raised their price target for Canadian Apartment Properties Real Estate Investment Trust from $50.36 to $52.16. They cite improved fair value estimates and a lower discount rate as the reasons for this change.Narrative Update • Sep 05
Canadian Urban Rental Demand Will Fuel Future Value
Analysts have lowered their rating to Hold on Canadian Apartment Properties REIT due to concerns over increased supply and muted rental demand amid softening sector fundamentals, while the consensus price target remains unchanged at CA$50.36. Analyst Commentary Bearish analysts highlight softening fundamentals in the Canadian rental apartment REIT sector.
New Narrative • Dec 07
High Occupancy And Critical Capital Recycling Will Drive Revenue And Boost Net Margins
High occupancy rates and strong rent growth enhance operating revenues, boosting potential for future earnings.Shareholder Returns
| CAR.UN | CA Residential REITs | CA Market | |
|---|---|---|---|
| 7D | -2.6% | -1.7% | 0.8% |
| 1Y | -22.8% | -11.4% | 32.3% |
Return vs Industry: CAR.UN underperformed the Canadian Residential REITs industry which returned -11.6% over the past year.
Return vs Market: CAR.UN underperformed the Canadian Market which returned 32.4% over the past year.
Price Volatility
| CAR.UN volatility | |
|---|---|
| CAR.UN Average Weekly Movement | 2.6% |
| Residential REITs Industry Average Movement | 2.5% |
| Market Average Movement | 10.0% |
| 10% most volatile stocks in CA Market | 17.6% |
| 10% least volatile stocks in CA Market | 3.9% |
Stable Share Price: CAR.UN has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: CAR.UN's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | n/a | Mark Kenney | www.capreit.ca |
Canadian Apartment Properties Real Estate Investment Trust is Canada's largest publicly traded provider of quality rental housing. As at March 31, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 200 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately 14.5 billion dollars (excluding approximately 0.1 billion dollars of assets held for sale). Real Estate Investment Trust was established on February 03, 1997 and incorporated in Ontario, Canada.
Canadian Apartment Properties Real Estate Investment Trust Fundamentals Summary
| CAR.UN fundamental statistics | |
|---|---|
| Market cap | CA$5.30b |
| Earnings (TTM) | CA$6.61m |
| Revenue (TTM) | CA$997.95m |
797.3x
P/E Ratio5.3x
P/S RatioIs CAR.UN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CAR.UN income statement (TTM) | |
|---|---|
| Revenue | CA$997.95m |
| Cost of Revenue | CA$347.23m |
| Gross Profit | CA$650.73m |
| Other Expenses | CA$644.11m |
| Earnings | CA$6.61m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.043 |
| Gross Margin | 65.21% |
| Net Profit Margin | 0.66% |
| Debt/Equity Ratio | 71.0% |
How did CAR.UN perform over the long term?
See historical performance and comparisonDividends
4.5%
Current Dividend Yield59%
Payout RatioDoes CAR.UN pay a reliable dividends?
See CAR.UN dividend history and benchmarks| Canadian Apartment Properties Real Estate Investment Trust dividend dates | |
|---|---|
| Ex Dividend Date | May 29 2026 |
| Dividend Pay Date | Jun 15 2026 |
| Days until Ex dividend | 6 days |
| Days until Dividend pay date | 11 days |
Does CAR.UN pay a reliable dividends?
See CAR.UN dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/03 10:21 |
| End of Day Share Price | 2026/06/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Canadian Apartment Properties Real Estate Investment Trust is covered by 25 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jim Marrone | Accountability Research Corporation |
| Sairam Srinivas | ATB Cormark |
| Michael Markidis | BMO Capital Markets Equity Research |