At close of market on Thursday, Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) stock finished trading at +1.31%, bringing the stock price to $50.23 on the Toronto Stock Exchange. The stock price saw a low of $49.37 and a high of $50.35.
The company’s stock was traded 2,441 times with a total of 442,121 shares traded.
Canadian Apartment Properties Real Estate Investment Trust has a market cap of $7.65 billion, with 152.31 million shares in issue.
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company’s real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT’s holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT’s total housing units.
