Canadian Apartment Properties (CAR.UN.TO)…

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Canadian Apartment Properties (CAR.UN.TO)

34.70

-0.09 (0.26%)

as of Jul 21, 2026, 5:42:24 pm Market Open.

493 watching

Investor Insights

Jul 21, 2026, 12:00 am

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

The Canadian Apartment Properties REIT (CAR.UN) is currently facing a challenging market environment due to decreased immigration levels and rising rental supply, particularly in the condo sector. Experts highlight the impact of expired high-rent leases from the pandemic, leading to diminished rental income for many properties. Although sentiment appears cautious, some analysts suggest that the stock is approaching an attractive price-to-earnings ratio, indicating potential future value. There are mixed feelings about the management's strategies, with concerns over rent control and interest rate volatility further complicating the outlook. However, the general belief is that the cyclical downturn will eventually pass, leaving room for a recovery in the long term as demographics and demand begin to shift positively once more.

Consensus

Cautious

Valuation

Undervalued

Similar

CAPREIT, CAR.UN

PAST TOP PICK

(A Top Pick Feb 07/19, Up 16%) He has really liked the apartment REITs because rents have been growing very nicely. The distributions are going up and you get a nice yield. There is a tone of money crowded into companies with high dividends but little dividend growth. Canada needs more rental housing.

PAST TOP PICK

(A Top Pick Jul 31/19, Up 14%) Super managers. The oldest, biggest REIT around. They are diversified. They own ERE.UN-X. They can easily build 10,000 apartments on land they currently own. Canada suffers from very low vacancies and strong demand for apartments in cities like Toronto, driven by immigrants, students and Boomers who are downsizing.

BUY ON WEAKNESS

This has done very sell in the apartment space as a REIT. Near term pullback in prices may just be some profit taking and shifting into more cyclical areas. Not the highest yield. She would wait to buy on weakness.

DON'T BUY

This REIT and apartments have done amazingly well. Rents will move up. But CAR.UN is 28x AFFO, which is nosebleed high. If interest rates spike 0.5%, this will get hurt, sharply fall. Others in this space are cheaper.

BUY

A take-out candidate? Apartments are a hot sector. Once rent control was removed, apartments are suddenly being built. Still, there isn't enough demand. REITs like this are a good way to play this space. Its dividend though is lower than its peers. It could possibly be taken out. If you've held it for 20 years, hold onto it or you pay capital gains.

BUY

Has grown 280% over 10 years. A great way to play residential rentals in Canadian cities like Toronto.

HOLD

CAR.UN vs IIP.UN He likes both as they both have exposure to apartments in the Toronto market. Both have outstanding management teams and great opportunities ahead. He would hold both of them.

PAST TOP PICK

(A Top Pick Jul 31/19, Up 15%) He would continue to hold this. The right space in apartment rentals at the right time. They hold assets in the Netherlands and Ireland as well.

PAST TOP PICK

(A Top Pick Feb 07/19, Up 14%) Rental increases in Canada are in the low teens, which is helping distributions. It remains attractive in the yield space. He remains interested in residential and industrial REITs.

TOP PICK

The REITs are re-accelerating even among bond proxies and CAP REIT is revving up. This will outperform the market. (Analysts’ price target is $57.13)

BUY

We have such a tight market in the Toronto market where they operate, they can move rents materially. He sees a lot of upside in the stock.

BUY

Bullish on Canadian apartment sector. CAR is a growth stock, with yield. Significantly more growth for them. Likes it, a great play on the sector. Still time to get in.

HOLD

The biggest apartment REIT in Canada. A good, liquid way to play the fundamentals in this space. Global analysts see the GTA of Ontario a great market area, right up there with India. He wonders what their rental rate growth might be going forward. A good name to hold.

HOLD

The whole sector has been hot with rents increasing. CAR has been a great performer, but it's a lower-yielding REIT of 2.4%. He prefers higher ones like 5-7%. But this is a good grower--will that growth compensate for the low yield? Don't chase this now, but hold onto it.

PAST TOP PICK

(A Top Pick Aug 13/19, Up 7%) The chart looks good. It moved higher in the winter, went sideways in the summer, then resumed moving up to the present. Meanwhile, collect the dividend.

Showing 91 to 105 of 260 entries

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Canadian Apartment Properties (CAR.UN.TO)