CAPREIT (OTC:CDPYF) Stock, Quote.Headers.trade-ideas

CAPREIT

CANADIAN APT PPTYS

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

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CDPYF

TSX:CAR

RBC Capital Cuts Price Target On This REIT By 4%

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Canadian Apartment Properties Real Estate Investment Trust

<ul>
<li>RBC Capital&nbsp;analyst Jimmy Shan has reduced the&nbsp;Canadian Apartment Properties REIT&nbsp;(TSX: CAR.UN) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cdpyf#OTC">CDPYF</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/quote/CDPYF" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">price target to C$66 from C$69.</a></li>
<li>The analyst maintained the Outperform rating on the shares.</li>
<li>Shan remarked that 1Q22 reflected a difficult winter but an increasing revenue forecast, which the second half should better reflect. Given the current valuation, NCIB is being considered with asset sales, the analyst noted.</li>
<li>According to the analyst, the valuation is tricky&mdash;a glass-half-full investor considers the inflationary impact on replacement costs and rents, while a glass-half-empty investor considers the negative/thin investment spread impact on cap rates.</li>
<li>Price Action:&nbsp;CAR.UN shares are trading higher by 0.27% at C$47.84 on TSX on the last check Wednesday.</li>
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CAPREIT

CAPREIT (CDPYF) Forecast

CAPREIT (OTC:CDPYF) Stock, Quote.Headers.trade-ideas