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Canadian Apartment Properties

CAR.UN-T

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TSE:CAR.UN

61.66
0.48 (0.78%)
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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Technical Analysis for CAR.UN-CT  by TradingView

Analysis and Opinions about CAR.UN-T

Signal
Opinion
Expert
Chart
PARTIAL BUY
PARTIAL BUY
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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.
investment companies/funds
Stockchase Discover
Price
$61.330
Owned
Yes
PAST TOP PICK
PAST TOP PICK
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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.
investment companies/funds
Barry Schwartz
Price
$60.610
Owned
Yes
STRONG BUY
STRONG BUY
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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.
investment companies/funds
Andrew Moffs
Price
$55.380
Owned
Unknown
TOP PICK
TOP PICK
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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.
investment companies/funds
Andrew Moffs
Price
$54.000
Owned
Yes
TOP PICK
TOP PICK
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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)
investment companies/funds
David Baskin
Price
$49.900
Owned
Yes
BUY
BUY
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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.
investment companies/funds
Michelle Wearing
Price
$51.320
Owned
Yes
TOP PICK
TOP PICK
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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.

investment companies/funds
Andrew Moffs
Price
$49.000
Owned
Yes
TOP PICK
TOP PICK
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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)
investment companies/funds
Robert Lauzon
Price
$44.270
Owned
Yes
STRONG BUY
STRONG BUY
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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.
investment companies/funds
Andrew Moffs
Price
$46.440
Owned
Unknown
PARTIAL BUY
PARTIAL BUY
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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.
investment companies/funds
Brian Madden
Price
$44.060
Owned
No
TOP PICK
TOP PICK
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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)
investment companies/funds
Barry Schwartz
Price
$49.090
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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.
investment companies/funds
Andrew Pyle
Price
$47.110
Owned
Unknown
BUY
BUY
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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.

investment companies/funds
Zachary Curry
Price
$45.210
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
Canadian Apartment Properties (CAR.UN-T)
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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Canadian Apartment Properties (CAR.UN-T)
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%
investment companies/funds
Paul Gardner, CFA
Price
$56.630
Owned
No
BUY
BUY
Canadian Apartment Properties (CAR.UN-T)
January 22, 2020
Canadian REITs have done very well in recent years. He's waiting for a pullback to buy more. These names have so much growth embedded, because of the turnover of the apartments they hold. True, the valuation looks high, but their growth is strong. You gotta pull the trigger and own it.
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Canadian Apartment Properties (CAR.UN-T)
January 22, 2020
Canadian REITs have done very well in recent years. He's waiting for a pullback to buy more. These names have so much growth embedded, because of the turnover of the apartments they hold. True, the valuation looks high, but their growth is strong. You gotta pull the trigger and own it.
investment companies/funds
James Telfser
Price
$56.050
Owned
Unknown
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Canadian Apartment Properties(CAR.UN-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 6

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, 6 stock analysts published opinions about CAR.UN-T. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is PARTIAL 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 Stockchase Discover on 2021-07-20. 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?

6 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 2021-07-23, Canadian Apartment Properties (CAR.UN-T) stock closed at a price of $61.66.

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