Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO)
Real Estate · TOR · Canada
Fundamentals
Valuation and ratings
Canadian Apartment Properties Real Estate Investment Trust trades at CAD35.02, which is 57% below the CAD54.85 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 40 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 3494.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
CAR-UN.TO dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | CAD0.775 | 6 |
| 2025 | CAD1.42 | 11 |
| 2024 | CAD3.01 | 12 |
| 2023 | CAD2.02 | 12 |
| 2022 | CAD1.45 | 12 |
| 2021 | CAD1.41 | 12 |
| 2020 | CAD1.38 | 12 |
| 2019 | CAD1.37 | 12 |
| 2018 | CAD1.31 | 12 |
| 2017 | CAD1.28 | 12 |
| 2016 | CAD1.24 | 12 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
CAR-UN.TO earnings and analyst estimates
Recommendation mix, 13 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Canadian Apartment Properties Real Estate Investment Trust
Canadian Apartment Properties Real Estate Investment Trust is Canada's largest publicly traded provider of quality rental housing. As at March 31, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 200 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately 14.5 billion dollars (excluding approximately 0.1 billion dollars of assets held for sale). Real Estate Investment Trust was established on February 03, 1997 and incorporated in Ontario, Canada.
CAR-UN.TO passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) undervalued?
Against our discounted cash flow estimate of CAD54.85, CAR-UN.TO at CAD35.02 is 57% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is CAR-UN.TO's P/E ratio?
CAR-UN.TO trades at 3494.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Canadian Apartment Properties Real Estate Investment Trust (CAR-UN.TO) pay a dividend?
Yes. Canadian Apartment Properties Real Estate Investment Trust yields 4.45% at the current share price. It has paid CAD1.42 per share over the trailing twelve months. It has paid a dividend in each of the last 27 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does CAR-UN.TO report earnings next?
Canadian Apartment Properties Real Estate Investment Trust is scheduled to report on 6 Aug 2026. Companies move earnings dates, so read it as scheduled rather than certain.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.