TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) today announced its January 2023 monthly distribution of $0.12084 per unit (or $1.45 further known on an annual basis). The January distribution is payable on February 15, 2023 to Shareholders of record on January 31, 2023.

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. CAPREIT currently owns or has an interest in approximately 67,000 apartment suites, townhomes and housing developments in prime locations throughout Canada and the Netherlands with approximately $17 billion in assets under management worldwide. Since its IPO in May 1997, CAPREIT has increased monthly cash distributions per share by 103%. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our disclosure, which can be found under our profile at www.sedar.com.

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