Section1: Company Overview

Canadian Apartment Properties Real Estate Investment Trust (TSX: CAR.UN) is 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. This Report covers the Investment Highlights, Key Financial Metrics, Risks associated along with the Valuation, Target Price, and Recommendation on the stock. 

1.1 Investment Highlights

Section2:  Financial Highlights

 2.1 Key Financial Highlights

Section 3:  Stock Recommendation Summary

3.1 Valuation Methodology

3.2 Price Performance and Stock Recommendation

The stock has witnessed an upside of ~4.29% in 1 month and a downside of ~3.44% over the last 3 months respectively. Moreover, the stock is trading above the average 52-week high price of CAD 50.96 and 52-week low price of CAD 39.08. Furthermore, recently the stock witnessed a rally and is providing an opportunity to exit, as its price is trading near the resistance and could make some correction. Canadian Apartment Properties Real Estate Investment Trust (TSX: CAR.UN) was last covered in a report dated ‘17th January 2023’.

3.3 One-Year Technical Price Chart

One-Year Technical Price Chart (as of May 3, 2023). Source: REFINITIV, Analysis: Kalkine Group

This Report covers the Investment Highlights, Key Financial Metrics along with the Valuation, Target Price, and Recommendation on the stock. 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, and currency as of May 3, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Disclaimer

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.