Canadian Apartment (TSE:CAR.UN) has released an update.
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) showcased robust operating and financial performance in the first quarter of 2024, marked by an increase in operating revenues to $275.8 million and net operating income to $177 million. The company also reported a significant net income of $182.1 million, rebounding from a loss in the same period last year, and a solid funds from operations (FFO) per unit at $0.609. The firm maintains a stable occupancy rate across its Canadian and Netherlands portfolios, with slight variations from the previous year.
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