CAPREIT Renews $300 Million At-The-Market Equity Program

Canadian Apartment ( ($TSE:CAR.UN) ) has shared an announcement.

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has renewed its at-the-market equity program, allowing the company to issue up to $300 million in Trust Units through the Toronto Stock Exchange or other permitted marketplaces. This program provides CAPREIT with additional financial flexibility for future investments, debt repayment, and general business purposes, enhancing its operational capabilities and market positioning.

The most recent analyst rating on ($TSE:CAR.UN) stock is a Buy with a C$54.25 price target. To see the full list of analyst forecasts on Canadian Apartment stock, see the TSE:CAR.UN Stock Forecast page.

Spark’s Take on TSE:CAR.UN Stock

According to Spark, TipRanks’ AI Analyst, TSE:CAR.UN is a Neutral.

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) presents a balanced investment opportunity with strong cash flow generation and steady revenue growth. However, the high P/E ratio and significant leverage are concerns. Technical indicators are neutral, and strategic corporate actions indicate a focused growth approach. The stock is suitable for investors looking for moderate growth and income, but caution is advised due to valuation and leverage risks.

To see Spark’s full report on TSE:CAR.UN stock, click here.

More about Canadian Apartment

CAPREIT is Canada’s largest publicly traded provider of quality rental housing, owning approximately 46,800 residential apartment suites and townhomes across Canada and the Netherlands, with a total fair value of approximately $14.9 billion as of March 31, 2025.

Average Trading Volume: 594,631

Technical Sentiment Signal: Sell

Current Market Cap: C$6.76B

Learn more about CAR.UN stock on TipRanks’ Stock Analysis page.