CAPREIT Reports First Quarter 2026 Results
Canadian Apartment Properties Real Estate Investment Trust reported its Q1 2026 results, showing a decrease in total suites alongside an increase in average monthly rents for its Canadian portfolio
Canadian Apartment Properties Real Estate Investment Trust, known as CAPREIT, announced its operating and financial results for the three months ended March 31, 2026. The Toronto-based trust, which trades on the TSX under the symbol CAR, has scheduled a conference call for Friday, May 8, 2026, at 9:00 a.m. ET to discuss the quarterly performance with management.[1]
The trust's total portfolio performance metrics indicated a reduction in the number of suites to 45,587 as of March 31, 2026. This figure represents a decline from the 45,905 suites reported at the end of 2025 and the 46,840 suites held in March 2025. Concurrently, the fair value of investment properties was reported at approximately $14.49 billion, down from $14.73 billion at the end of December 2025.[1]
Financial data for the Canadian residential portfolio showed that the occupied average monthly rent rose to $1,732, an increase from $1,718 in December 2025 and $1,677 in March 2025. CAPREIT also disclosed that it held approximately $68.6 million in assets for sale at the end of the first quarter, a decrease from the $141.4 million in assets held for sale at the end of the 2025 fiscal year.[1]
