Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced its operating and financial results for the three months and year ended December 31, 2025. Total Portfolio Performance highlights include 45,905 suites and sites, investment properties fair value of $14,732,478, and Occupancy of 97.1%. Financial Performance reveals operating revenues of $243,298 for the quarter and $1,003,364 for the year. Net Operating Income (“NOI”) was $158,067 for the quarter and $653,711 for the year. Funds From Operations (“FFO”) per unit was $0.632 for the quarter and $2.541 for the year.
In 2025, CAPREIT focused on enhancing the value of its business and completed $2 billion in gross transaction volume. The company entered 2026 with a well-positioned portfolio characterized by improved financial resilience and greater operating efficiency. The same property NOI margin increased to 64.7% for the year ended December 31, 2025, reflecting the strength of CAPREIT’s strategy. The company also purchased and cancelled approximately 7.2 million Trust Units under the Normal Course Issuer Bid program during the year.
For the three months and year ended December 31, 2025, CAPREIT acquired 15 properties with 1,891 suites in Canada and disposed of 4,600 suites and sites for a total gross sale price of $1.2 billion. Additionally, ERES announced agreements to sell four properties with 410 residential suites in the Netherlands for approximately $141.4 million. CAPREIT’s financial position remains strong, with approximately $188.2 million in available Canadian liquidity as of December 31, 2025.
CAPREIT’s results show growth in total portfolio Occupied AMR and same property Occupied AMR, driven by new acquisitions and operational growth. Occupancy for the total portfolio decreased slightly to 97.1% as of December 31, 2025. The company’s Canadian residential portfolio saw increases in monthly rents on turnovers and renewals, with NOI and NOI margin improving for the same property portfolio. Diluted FFO per unit increased by 1.6% for the quarter and 0.3% for the year.
Overall, CAPREIT’s strategic initiatives in 2025 led to a successful year, with a focus on acquisitions, dispositions, and operational growth. The company’s strong financial performance and resilient portfolio position it well for future growth and value creation for Unitholders. For more detailed information, CAPREIT’s consolidated annual financial statements and MD&A for the year ended December 31, 2025 are available on the SEDAR website and CAPREIT’s investor relations page.
Read more at GlobeNewswire: CAPREIT Reports Fourth Quarter and Year End 2025 Results