TORONTO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT”) (TSX: CAR.UN) announced today its October 2024 monthly distribution in the amount of $0.125 per Unit (or $1.50 on an annualized basis). The October 2024 distribution will be payable on November 15, 2024 to Unitholders of record at the close of business on October 31, 2024.

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at June 30, 2024, CAPREIT owns approximately 64,200 residential apartment suites, townhomes and manufactured home community sites well-located across Canada and the Netherlands, with approximately $16.6 billion of investment properties in Canada and Europe. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 110%. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosure which can be found under our profile at www.sedarplus.ca. 

For further information please contact:

CAPREIT

Mr. Mark Kenney

President & Chief Executive Officer

(416) 861-9404CAPREIT

Mr. Stephen Co

Chief Financial Officer

(416) 306-3009CAPREIT

Mr. Julian Schonfeldt

Chief Investment Officer

(647) 535-2544