Topic: How To Invest

Q: Hi Pat, Any thoughts on Canadian Apartment Properties REIT would be appreciated. Thanks.

Article Excerpt

A: Canadian Apartment Properties REIT, $49.66, symbol CAR.UN on Toronto (Units outstanding: 134.9 million; Market cap: $7.6 billion; www.capreit.net), is a real estate investment trust that owns multi-unit residential properties, including apartment buildings and townhouses. Also known as CAPREIT, the trust owns manufactured-home communities, or trailer parks, in addition to its core holdings. The REIT is focused on Canada, but last year it expanded into the Netherlands. CAPREIT raised its monthly distribution by 3.8% with the March 2019 payment, to $0.1150 from $0.1108. The units now yield 2.8%. We’ll say more about CAPREIT in an upcoming Advice for Inner Circle Members email. Meanwhile, Canadian Apartment Properties REIT is okay to hold. hold…