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Canadian Apartment Properties

CAR.UN-T

TSE:CAR.UN

62.35
0.80 (1.30%)
Canadian Apartment Properties Reit is an apartment real estate investment trust, the largest of its kind in Canada.[2] CAPREIT's business model has been to acquire real-estate with the intention of profiting off the rent. It has been doing this since 1997.[3] As of 2020 CAPREIT owns just under 60 thousand residential units in Canada and 5600 in the Netherlands.[4] These include apartment complexes, townhouses, trailer parks, and more recently high end condominiums.
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Analysis and Opinions about CAR.UN-T

Signal
Opinion
Expert
Chart
BUY
BUY
July 29, 2021
One of his favoured multi-family stocks. Trades at a discount to NAV. Management is very strong. Catalyst to the apartment sector is the return of immigration. CAR.UN delivers affordable housing for immigrants and students. Great combination of value and growth.
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One of his favoured multi-family stocks. Trades at a discount to NAV. Management is very strong. Catalyst to the apartment sector is the return of immigration. CAR.UN delivers affordable housing for immigrants and students. Great combination of value and growth.
Andrew Moffs
Price
$61.160
Owned
Yes
PARTIAL BUY
PARTIAL BUY
July 20, 2021
Allan Tong’s Discover Picks CAP REIT stock surpasses it peers in several categories: earnings, cash flow, gross and profit margins. Its PE, for example, stands at 11x compared to SmartCentres REIT’s 71.7x and Allied Properties REIT‘s 17.4x. ROI is 6.89% vs. 0.99% and 3.63% against those same names. True, the dividend yield pays 2.24% which pales next to those REITs, but the payout ratio is a low 25%. Read 3 Safe and Defensive Stocks to Buy for our full analysis.
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Allan Tong’s Discover Picks CAP REIT stock surpasses it peers in several categories: earnings, cash flow, gross and profit margins. Its PE, for example, stands at 11x compared to SmartCentres REIT’s 71.7x and Allied Properties REIT‘s 17.4x. ROI is 6.89% vs. 0.99% and 3.63% against those same names. True, the dividend yield pays 2.24% which pales next to those REITs, but the payout ratio is a low 25%. Read 3 Safe and Defensive Stocks to Buy for our full analysis.
PAST TOP PICK
PAST TOP PICK
July 19, 2021
(A Top Pick Jun 15/20, Up 23%) The market was at a low multiple back when he bought it. It was trading at a huge discount to the value of its apartments and that made no sense. It is now near an all time high. The hunt for quality assets is there. This is one of the greatest assets over the long term.
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(A Top Pick Jun 15/20, Up 23%) The market was at a low multiple back when he bought it. It was trading at a huge discount to the value of its apartments and that made no sense. It is now near an all time high. The hunt for quality assets is there. This is one of the greatest assets over the long term.
Barry Schwartz
Price
$60.610
Owned
Yes
STRONG BUY
STRONG BUY
May 31, 2021
He is very bullish on it. It still trades below its pre-pandemic levels. Immigration has paused and there is a question about foreign students returning in the fall. We never saw a dip in occupancy in their products.
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He is very bullish on it. It still trades below its pre-pandemic levels. Immigration has paused and there is a question about foreign students returning in the fall. We never saw a dip in occupancy in their products.
Andrew Moffs
Price
$55.380
Owned
Unknown
TOP PICK
TOP PICK
March 30, 2021
He likes its valuation and its concentration in the GTA, its largest market. Immigration and foreign students returning will drive growth. During Covid, millennials returned home, but after mass vaccinations, this cohort will return to the apartment market and create a bounceback. CAP REIT will definitely benefit from this pent-up demand. He sees a lot of upside in earnings and a NAV basis later this year. CAP REIT is very undervalued.
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He likes its valuation and its concentration in the GTA, its largest market. Immigration and foreign students returning will drive growth. During Covid, millennials returned home, but after mass vaccinations, this cohort will return to the apartment market and create a bounceback. CAP REIT will definitely benefit from this pent-up demand. He sees a lot of upside in earnings and a NAV basis later this year. CAP REIT is very undervalued.
Andrew Moffs
Price
$54.000
Owned
Yes
TOP PICK
TOP PICK
December 10, 2020
Inventory of buildings is way undervalued by the market. Rent is a sensible alternative in places like Toronto. Nice dividend. Terrific holding. Yield is 2.75%. (Analysts’ price target is $56.65)
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Inventory of buildings is way undervalued by the market. Rent is a sensible alternative in places like Toronto. Nice dividend. Terrific holding. Yield is 2.75%. (Analysts’ price target is $56.65)
David Baskin
Price
$49.900
Owned
Yes
BUY
BUY
November 26, 2020
Buy it here. Largest publicly traded landlord in Canada. Occupancy is holding high. Cashflow resilient. Over the next couple of months, you'll see some private transactions that will solidify the NAV and it will trade closer to its proper NAV.
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Buy it here. Largest publicly traded landlord in Canada. Occupancy is holding high. Cashflow resilient. Over the next couple of months, you'll see some private transactions that will solidify the NAV and it will trade closer to its proper NAV.
Michelle Wearing
Price
$51.320
Owned
Yes
TOP PICK
TOP PICK
November 10, 2020

It's the largest apartment owner in Canada at 45,000 units. They also own the largest portfolio where they own the land and rent it out. They also own in Ireland and Holland (see ERE REIT). CAP REIT reported super results last night. The lack of immigration and an Ontario rent freeze have pressured apartment REITs, but these are short-term issues that will reverse. There are low 2% cap rates in downtown Toronto, but he's very bullish CAP REIT. CAP REIT can finance its portfolio at very attractive rates (100 basis points lower than 2019). A strong buy. CAP REIT has always traded at a premium to NAV, but today you can CAP REIT at a discount--a rare opportunity.

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It's the largest apartment owner in Canada at 45,000 units. They also own the largest portfolio where they own the land and rent it out. They also own in Ireland and Holland (see ERE REIT). CAP REIT reported super results last night. The lack of immigration and an Ontario rent freeze have pressured apartment REITs, but these are short-term issues that will reverse. There are low 2% cap rates in downtown Toronto, but he's very bullish CAP REIT. CAP REIT can finance its portfolio at very attractive rates (100 basis points lower than 2019). A strong buy. CAP REIT has always traded at a premium to NAV, but today you can CAP REIT at a discount--a rare opportunity.

Andrew Moffs
Price
$49.000
Owned
Yes
TOP PICK
TOP PICK
October 19, 2020
50,000 apartment units, many in the GTA. You are going to have immigration come back into Canada early next year after a vaccine starts to get used. They are collecting 99% of their rents right now. It is a blue chip REIT here in Canada that looks miss-priced. (Analysts’ price target is $55.60)
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50,000 apartment units, many in the GTA. You are going to have immigration come back into Canada early next year after a vaccine starts to get used. They are collecting 99% of their rents right now. It is a blue chip REIT here in Canada that looks miss-priced. (Analysts’ price target is $55.60)
Robert Lauzon
Price
$44.270
Owned
Yes
STRONG BUY
STRONG BUY
September 29, 2020
Collection rate is a good 98% Blue-chip managers and a great portfolio. Definitely own this. It's pulled back to a heavily discounted level to NAV, which means it's cheaper to buy this on the stock market than the private market. Its value is in the $60s, but you can buy it now in the $40s. This REIT is overly discounted now, though it believes in it long term. Also, 15% of their portfolio is in Holland and Ireland, which boasts great supply and demand.
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Collection rate is a good 98% Blue-chip managers and a great portfolio. Definitely own this. It's pulled back to a heavily discounted level to NAV, which means it's cheaper to buy this on the stock market than the private market. Its value is in the $60s, but you can buy it now in the $40s. This REIT is overly discounted now, though it believes in it long term. Also, 15% of their portfolio is in Holland and Ireland, which boasts great supply and demand.
Andrew Moffs
Price
$46.440
Owned
Unknown
PARTIAL BUY
PARTIAL BUY
September 10, 2020
Money flows from cyclicals to defense if a vaccine comes in 2021? Residential property REITS have been resilient in the REIT space. Likes and respects this company. The bigger secular stories are demographics, immigration and urbanization. CAP managers have executed well for many years. Short-term, this is low beta. So, if there's a massive recovery (via a vaccine), money will flow from REITS like this as well as tech. But long-term, this is a proven value creator.
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Money flows from cyclicals to defense if a vaccine comes in 2021? Residential property REITS have been resilient in the REIT space. Likes and respects this company. The bigger secular stories are demographics, immigration and urbanization. CAP managers have executed well for many years. Short-term, this is low beta. So, if there's a massive recovery (via a vaccine), money will flow from REITS like this as well as tech. But long-term, this is a proven value creator.
Brian Madden
Price
$44.060
Owned
No
TOP PICK
TOP PICK
June 15, 2020
It has been added to the TSX-60. Immigration will pick up after the virus. They focus on mid-level apartment buildings. Their rents are undervalued. As there is turnover, they are able to charge market rents. They are looking to grow their European division. (Analysts’ price target is $56.23)
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It has been added to the TSX-60. Immigration will pick up after the virus. They focus on mid-level apartment buildings. Their rents are undervalued. As there is turnover, they are able to charge market rents. They are looking to grow their European division. (Analysts’ price target is $56.23)
Barry Schwartz
Price
$49.090
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
May 25, 2020
It depends on what the government does in terms of support for landlords. The question is whether government support will continue. He feels we will see it continue. This one has seen some consolidation. Long term these are not bad levels to get into it.
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It depends on what the government does in terms of support for landlords. The question is whether government support will continue. He feels we will see it continue. This one has seen some consolidation. Long term these are not bad levels to get into it.
Andrew Pyle
Price
$47.110
Owned
Unknown
BUY
BUY
April 16, 2020

BEI.UN-T, MI.UN-T and CAR.UN-T. REITs are an interesting universe right now. There is mortgage deferral relief, commercial rent relief. Residential is the best place to be right now. CAR.UN-T would be the best one. BEI.UN-T has a good component out west with potential risk for Alberta. People are going to need places to live and if they can't pay their mortgages then they will have to rent.

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BEI.UN-T, MI.UN-T and CAR.UN-T. REITs are an interesting universe right now. There is mortgage deferral relief, commercial rent relief. Residential is the best place to be right now. CAR.UN-T would be the best one. BEI.UN-T has a good component out west with potential risk for Alberta. People are going to need places to live and if they can't pay their mortgages then they will have to rent.

Zachary Curry
Price
$45.210
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
January 29, 2020
This has done so well as the majority are rental properties mostly in Toronto, where the market is so tight. They have been able to increase rents. The valuation is high now, trading at 28 times free cash flow. They also have exposure in the Netherlands. The asset class is so desirable right now. Maybe one day they will be bought out. The yield is not great here either. Yield 2.4%
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This has done so well as the majority are rental properties mostly in Toronto, where the market is so tight. They have been able to increase rents. The valuation is high now, trading at 28 times free cash flow. They also have exposure in the Netherlands. The asset class is so desirable right now. Maybe one day they will be bought out. The yield is not great here either. Yield 2.4%
Showing 1 to 15 of 186 entries

Canadian Apartment Properties(CAR.UN-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 7

Stockchase rating for Canadian Apartment Properties is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canadian Apartment Properties(CAR.UN-T) Frequently Asked Questions

What is Canadian Apartment Properties stock symbol?

Canadian Apartment Properties is a Canadian stock, trading under the symbol CAR.UN-T on the Toronto Stock Exchange (CAR.UN-CT). It is usually referred to as TSX:CAR.UN or CAR.UN-T

Is Canadian Apartment Properties a buy or a sell?

In the last year, 7 stock analysts published opinions about CAR.UN-T. 7 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Canadian Apartment Properties.

Is Canadian Apartment Properties a good investment or a top pick?

Canadian Apartment Properties was recommended as a Top Pick by Andrew Moffs on 2021-07-29. Read the latest stock experts ratings for Canadian Apartment Properties.

Why is Canadian Apartment Properties stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canadian Apartment Properties worth watching?

7 stock analysts on Stockchase covered Canadian Apartment Properties In the last year. It is a trending stock that is worth watching.

What is Canadian Apartment Properties stock price?

On 2021-07-30, Canadian Apartment Properties (CAR.UN-T) stock closed at a price of $62.35.