Related posts

Dow make new high, TSX fadesFed pivots, stocks rip3 Promising REIT Stocks
Investor Insights

This summary was created by AI, based on 11 opinions in the last 12 months.

Experts have a positive outlook on Canadian Apartment Properties (CAR.UN-T) and believe that the rental market in Canada will remain strong and robust. The company is selling older properties and investing in newer and refurbished ones, while also offloading manufactured homes to invest in more modern units through a capital recycling program. The stock has shown good performance and is expected to continue growing, especially with the increasing demand for rental properties driven by immigration. However, there are concerns about rent control in Ontario and potential oversupply in the US for similar properties.

Consensus
Positive
Valuation
Fair Value
BUY

REIT sector has lagged with interest rates going up. Largest in Canada. Feels rental market will stay quite strong and robust. Good demand with immigration. Shortage of multi-family housing across Canada. 50% exposure in Ontario, which has rent control. Selling older properties, investing in newer and refurbishing. Yields only around 3%, but very safe, good potential for increases. Buys back stock instead of a high dividend.

Press report of offloading manufactured homes, accounts for only 5% of its business. If came through, capital would be deployed into capital recycling program to invest in more modern units.

investment companies / funds
HOLD

Very good operators. Stock's done well. Muted new supply, greater demand every year. Canada's one of the leaders in population growth, and immigrants will need this type of rental. Most expensive among peers, 5% discount to NAV. Better value elsewhere, see his Top Picks.

investment companies / funds
PAST TOP PICK
(A Top Pick Nov 18/22, Up 9%)

Rental market in Canada is tight with new immigration and challenged supply. Housing market remains less affordable, so people are more inclined to rent. Interest rate headwind, but starting to stabilize. Selling mature properties to reduce rent control caps. Well positioned.

investment companies / funds
PAST TOP PICK
(A Top Pick Sep 22/22, Up 11%)

Took profits and redeployed. Not enough apartments in Canada. Threat to mess with the REIT tax structure has gone away. Rent market is very tight, with rents going up at least 6-8%. Only issue is rent control in Ontario.

investment companies / funds
PAST TOP PICK
(A Top Pick Oct 18/22, Up 4.8%)

It has pulled back with interest and bond yields.The apartment rental space is tight and demand is high. Since it is very difficult to buy a home now, there is less incentive for people to stop renewing so they are not getting double digit rent increases. However there are still good fundamentals in the Canadian market with the huge immigration flow into Canada. It hasn't been increasing its dividend for a while but is buying back stock.

investment companies / funds
HOLD
CAR.UN vs. GRT.UN

Both are quality. Likes both sectors. Likes both, but if he had to choose, he'd pick GRT.UN.

In Quebec and BC, but CAR.UN is mainly a play on Toronto, a fantastic multi-family market, but there is rent control. Great supply/demand fundamentals, but hard to get the cashflow. Outperformed peers, so pullback is understandable.

Industrial warehouse sector continues to do quite well. GRT.UN focuses on Canada, US, and Europe, trading at a nice discount to NAV. Underperformed, not warranted. Concern about oversupply in US, but he thinks they're in a good position. 

investment companies / funds
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 29/22, Up 9.9%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CAR.UN has triggered its stop at $47.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 11%, when combined with our previous recommendations.  

investment companies / funds
TOP PICK

Rents are rising like crazy. CAR.UN holds a blend of rent-controlled and not-controlled apartments. They can also build units. He expects city governments will face enough pressure to chance zoning laws and allow apartment buildings. Pays a decent dividend and run by superb managers. 

investment companies / funds
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 29/22, Up 20%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CAR.UN is progressing well.  We recommend trailing up the stop (from $44) to $47 at this time.  

investment companies / funds
PAST TOP PICK
(A Top Pick Aug 08/22, Up 8%)

Last August, the housing market was probably going to correct as rates rose. The housing market corrected and is now stabilizing. Now, there's an immigration boom into Canadian, so rent growth and demand will remain strong. He sees growth ahead.

investment companies / funds
TOP PICK

Bought this a year ago. There's a chronic undersupply of Canadian housing that will benefit CAP REIT. Shares pulled back last year due to rising interest rates. Also, Ottawa wants to boost immigration by 500,000 over the next few years that will drive demand. CPA REIT is selling older properties and buying luxury apartment buildings that don't have rent control. The dividend is around 3%. Good long-term growth.

(Analysts’ price target is $56.36)
investment companies / funds
HOLD
CAR.UN vs. IIP.UN

You won't go wrong with either. Thinks highly of management for both. Both are concentrated in Ontario. IIP.UN is smaller, more nimble, with a focus on Toronto-Ottawa-Montreal and a growing presence into Vancouver. CAR.UN gives exposure to GTA and across Canada. If he had to choose, he'd pick IIP.UN with its 25% discount to private market value, lots of value in the portfolio.

investment companies / funds
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 29/22, Up 17.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CAR.UN is progressing well.  To remain disciplined, we now recommend trailing up the stop (from $39) to $44.

investment companies / funds
premium

It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

CAP REIT pays 3.4% dividend yield at a safe, low 50% payout ratio, and last month the REIT also paid a special distribution. It trades at 14.84x earnings, a premium over Killam Apartment REIT (9.04x). Casting a shadow over residential REITs is the pledge of Prime Minister Trudeau, made in August 2021 during that election campaign to impose rent controls to solve the country's housing affordability crisis. So far, Ottawa has only threatened to review the tax treatment of REITs and actually hasn't done anything.

investment companies / funds
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly We again reiterate CAR.UN, an $18 billion REIT holding 67,000 residential apartments and land sites in Canada and the Netherlands as a TOP PICK. Recently reported earnings and revenues were each up over 5% over the year and occupancy rates are over 98%. It continues to grow its portfolio ($1.7 billion since 2021), while managing debt and interest coverage. We continue to recommend a stop loss at $39, looking to achieve $54 -- over 25% upside. Yield 3.3% (Analysts’ price target is $54.25)
investment companies / funds
Showing 1 to 15 of 231 entries

Canadian Apartment Properties(CAR.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 9

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, 9 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 . 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 on . 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?

9 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 2024-04-16, Canadian Apartment Properties (CAR.UN-T) stock closed at a price of $43.11.