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CAPREIT Announces May 2024 Distribution

Canadian Apartment Properties Real Estate Investment Trust
Canadian Apartment Properties Real Estate Investment Trust

TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its May 2024 monthly distribution in the amount of $0.12083 per Unit (or $1.45 on an annualized basis). The May 2024 distribution will be payable on June 17, 2024 to Unitholders of record at the close of business on May 31, 2024.

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at March 31, 2024, CAPREIT owns approximately 64,200 residential apartment suites, townhomes and manufactured home community sites well-located across Canada and the Netherlands, with approximately $16.7 billion of investment properties in Canada and Europe. 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.sedarplus.ca.

For further information please contact:

CAPREIT
Mr. Mark Kenney
President & Chief Executive Officer
(416) 861-9404

CAPREIT
Mr. Stephen Co
Chief Financial Officer
(416) 306-3009

CAPREIT
Mr. Julian Schonfeldt
Chief Investment Officer
(647) 535-2544