Canadian Apartment Properties REIT (CAR.UN) Facts

Is Canadian Apartment Properties REIT's distribution safe?

Canadian Apartment Properties REIT (CAR.UN) currently screens as covered under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of March 31, 2026. The public inputs on this sheet show AFFO payout ratio 75.4% and FFO payout ratio 65.1% from that extraction period, plus Distribution Yield 4.54% from the public market snapshot as of August 25, 2026; the engine driver summary is AFFO payout 75%: Comfortably covered by adjusted cash flow. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is Canadian Apartment Properties REIT trading below Reported NAV?

Canadian Apartment Properties REIT (CAR.UN) has Price / Reported NAV of 0.61x, using price $34.34 from the public market snapshot as of August 25, 2026 and Reported NAV / Unit $56.41 from issuer filings as of December 31, 2025. This is a 39.1% discount to Reported NAV. This uses issuer-reported Reported NAV only, not REIT Stack Real Estate NAV or Market-Implied NAV.

Reported NAV, Real Estate NAV, and Market-Implied NAV taxonomy

What does Canadian Apartment Properties REIT own?

Canadian Apartment Properties REIT (CAR.UN) describes its portfolio this way: Canadian Apartment Properties REIT (CAPREIT) is Canada's largest residential REIT, owning or managing approximately 67,000 residential suites and sites across Canada and in the Netherlands. With a vertically integrated property management platform operating across major urban centres from Vancouver to Halifax and key European markets, CAPREIT under CEO Mark Kenney has earned a reputation for operational excellence, sustainable building practices, and consistent per-unit distribution growth. The same public row lists Market Cap $5.4B as of August 25, 2026 and sector Residential; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.