Announcing the August 2025 Dividend from CAPREIT
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) Reports Strong Q2 Performance and Growth
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has demonstrated a robust financial performance and growth in the second quarter of 2025, as evidenced by stable occupancy, strategic asset sales, and focused portfolio enhancement.
The company reported operating revenues of approximately C$254.4 million for the quarter ended June 30, 2025. Net operating income (NOI) stood at C$169.8 million, translating to a NOI margin of 66.7%. Net income for the period was C$74.5 million. Funds from operations (FFO) per unit were $0.661, while distributions per unit rose to $0.388 for the quarter, reflecting steady income growth [1][5].
As of mid-2025, CAPREIT owns around 45,400 residential units in Canada (excluding about 1,600 in Europe held for sale), valued at approximately C$14.5 billion [1][4]. The company maintains a high occupancy rate of about 98.3% in Canada, driven by effective rent strategies and low vacancies [5].
CAPREIT's growth strategy involves divesting non-core assets worth $400 million in 2025 to focus on mid-market Canadian apartments, a segment with strong demand and stable cash flows. This follows a significant disposal of $2.5 billion in non-core properties in 2024, with the proceeds reinvested into high-quality, purpose-built rental properties [3].
The company has also actively pursued an aggressive buyback program, repurchasing 7.3 million Trust Units for $327.1 million in 2024 at prices about 20% below NAV, enhancing equity per unit and supporting FFO per unit growth [3].
CAPREIT has announced a monthly distribution of $0.12916 per unit for August 2025, annualizing to $1.55. This marks a continued increase in cash distributions since the IPO in 1997, reflecting strong shareholder returns [4].
Unitholders of record at the close of business on August 29, 2025, will receive the distribution, payable on September 15, 2025 [4]. For more information about CAPREIT, visit their website at www.capreit.ca and under their profile at www.sedarplus.ca.
In summary, CAPREIT is demonstrating stable recurring income with focused portfolio optimization and disciplined capital deployment, aiming at sustainable growth and enhanced shareholder value through FY 2025 [1][3][4].
Sources:
[1] CAPREIT Reports Second Quarter 2025 Results [2] CAPREIT Announces August 2025 Distribution [3] CAPREIT's Q2 Results Show Strong Growth and Focused Strategy [4] CAPREIT Continues Growth with Q2 Results and Dividend Increase [5] CAPREIT's Portfolio Strategy Drives Stable Occupancy and Growth
- Amid Canada's bustling investment landscape, CAPREIT, a Toronto-based real-estate investment trust, showcases its business prowess by reporting a robust Q2 performance in 2025.
- The latest finance news highlights CAPREIT's ambitious growth strategy, which targets mid-market Canadian apartments, a segment with strong demand and stable cash flows, as evident in Canada's news outlets.
- With its strategic asset sales and aggressive buyback program, CAPREIT's business in Toronto and beyond is diversifying and strengthening its real-estate portfolio, capturing the attention of Canadian investors.
