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TSE:CAR.UN

Canadian Apartment Properties (CAR.UN.TO)

35.78
+0.48 (1.36%)
as of Jun 12, 2026, 8:00:00 pm Market Open.
491 watching
0
Investor Insights
star iconJun 12, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Canadian Apartment Properties (CAR.UN-T) is currently facing challenges primarily due to reduced immigration levels affecting the rental market and an oversupply of condos leading to falling rents. Experts note that while the situation is tough now, there are expectations of future recovery in the sector as immigration policies may improve over time. Many analysts see the stock as a potential yield play, especially considering its attractive price-to-earnings ratio and dividend yield, which hovers around 4%. However, concerns about volatile interest rates and potential government interventions in rent controls have also made some experts cautious. Overall, there's a sense that patience is required as the cyclical nature of the real estate market suggests a turnaround in a few years.

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Consensus
Cautious
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Valuation
Undervalued
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Brookfield, BPY.UN
HOLD
He prefers it materially below $19. Good quality name.
BUY
A good name, to let you sleep at night. Across Canada with a disproportional amount of quality buildings in Toronto. Reliable high quality name. If looking for yield it's a good one.
PAST TOP PICK
(Top Pick Jul 30/10, Up 34.24% Total Return) Still holds it, great stock. He is overweight income oriented right now. People are buying these sorts of stocks for their safety.
COMMENT
Apartment REIT with exposure to Montreal and Toronto, which have rent controls. Historically hasn’t been a big fan of this one but are warming to the name because the distributions payout ratio has declined below 100% and the quality in the portfolio is improving. Got hit this year with utility costs, HST and property taxes. Wants to see how this filters through on cash flow generation. Good quality core name.
WEAK BUY
Wouldn’t look for a dividend increase. This one has generally been a favourite recently. 6% yield. They changed their focus and their financial person which is positive, but they are in Ontario with has rent controls. Doesn’t expect a lot of increases in valuation until June.
TOP PICK
Pays a nice little yield. It’s a nice time to buy this now. $17.50 stop loss. Likes the yield.
TOP PICK
Apartment REIT. Changes in the mortgage market and higher mortgage rates will make it much more difficult for 1st time buyers. It could also displace some homeowners. Rents have been soft because of condo fees being competitive with rents. 6.18% yield.
BUY
Exclusive in the apartment sector. Highest Quality apartments. Exposure in Toronto. Low risk. Have been repositioning this REIT to be a long-term performer. It is a bit of a laggard.
DON'T BUY
Very large apartment REIT. Has performed very well over the last year but as the economy recovers there won’t be a lot of pick up in performance. Prefers others. Good management.
BUY
Significantly lowered distribution. Excellent Q3. He is getting close to changing his thesis on this one.
HOLD
Apartments. Always has serious questions on whether they are doing the proper thing on renovations and keeping things up and always spends more than they earn. Not cheap so wouldn't be rushing into this one.
TOP PICK
(Doesn't own but on his radar screen. Buy around $15.) Dividend of about 7%. Support is on the fairly steady diagonal line on the chart. If you own, use a Stop/Loss of the 200-day moving average.
PAST TOP PICK
(A Top Pick Sept 9/09. Up 25.86%.)
HOLD
Apartments that are concentrated in Ontario. Paying out just a little bit more than the distribution of the moment. Came out with much better numbers than the market had expected.
WEAK BUY
Never owned a lot of it. Management turnover recently. Disclosure has improved since. Problem is capital expenditures. It’s a large number, but on a per unit basis it is comparable with their piers. It’s approaching fair value.
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