Canadian Apartment (TSE:CAR.UN) has released an update.
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has announced an increase in their monthly distribution to $0.125 per unit, which annualizes to $1.50. The distribution for August 2024 is set to be paid in mid-September to shareholders on record by the end of August. CAPREIT stands as Canada’s largest publicly traded rental housing provider, boasting significant growth since its initial public offering in 1997.
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