Canadian Apartment Properties REIT (TSE:CAR.UN) Announces Earnings Results

Canadian Apartment Properties REIT (TSE:CAR.UN) posted its quarterly earnings results on Wednesday. The company reported C($1.14) EPS for the quarter, FiscalAI reports. Canadian Apartment Properties REIT had a negative return on equity of 1.08% and a negative net margin of 4.95%. The company had revenue of C$246.62 million during the quarter.

Canadian Apartment Properties REIT Stock Up 1.9%

Shares of TSE CAR.UN traded up C$0.59 during midday trading on Wednesday, hitting C$31.99. 861,644 shares of the stock traded hands, compared to its average volume of 489,841. The company has a market cap of C$4.90 billion, a PE ratio of -36.83, a P/E/G ratio of -10.12 and a beta of 0.61. Canadian Apartment Properties REIT has a one year low of C$30.80 and a one year high of C$40.01. The business has a 50 day moving average price of C$31.81 and a two-hundred day moving average price of C$34.93. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce dropped their price objective on shares of Canadian Apartment Properties REIT from C$45.00 to C$40.00 in a report on Monday, August 10th. ATB Cormark Capital Markets cut their price objective on shares of Canadian Apartment Properties REIT from C$48.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$44.33.

Canadian Apartment Properties REIT Company Profile

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at June 30, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 100 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.4 billion (excluding approximately $21.6 million of assets held for sale). For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosures which can be found under our profile at www.sedarplus.ca.