CAPREIT: Difference between revisions
Updated number of suites owned as of October 2021. Updated Key people to reflect current Senior Management roster. Tags: references removed Visual edit |
Under products: changed "trailor park" to land lease community, and added Commercial Real Estate Tag: Reverted |
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| key_people = '''Mark Kenney''' <small>President & CEO</small><br />'''Scott Cryer''' <small>CFO</small><br />'''Corinne Pruzanski''' <small>General Counsel and Corporate Secretary</small><br />'''Jodi Lieberman'''<small>Chief People, Culture and Brand Officer</small> |
| key_people = '''Mark Kenney''' <small>President & CEO</small><br />'''Scott Cryer''' <small>CFO</small><br />'''Corinne Pruzanski''' <small>General Counsel and Corporate Secretary</small><br />'''Jodi Lieberman'''<small>Chief People, Culture and Brand Officer</small> |
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| industry = [[REIT]]<br /> |
| industry = [[REIT]]<br /> |
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| products = [[Apartment]]<br>[[Real estate]]<br>[[ |
| products = [[Apartment]]<br>[[Real estate]]<br>[[Land Lease Community]]<br />[[Commercial Real Estate]]<br/>[[Town homes]] |
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| revenue = C$778 mil <small>2019{{increase}}17%<ref name=ninereport>{{cite web|url=https://ca.finance.yahoo.com/news/capreit-reports-continued-growth-strong-234938152.html|title=CAPREIT financials|year=2019}}</ref></small> |
| revenue = C$778 mil <small>2019{{increase}}17%<ref name=ninereport>{{cite web|url=https://ca.finance.yahoo.com/news/capreit-reports-continued-growth-strong-234938152.html|title=CAPREIT financials|year=2019}}</ref></small> |
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| net_income = C$1195 mil <small>2019{{decrease}}7%<ref name=ninereport/></small> |
| net_income = C$1195 mil <small>2019{{decrease}}7%<ref name=ninereport/></small> |
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Revision as of 23:19, 10 October 2021
| File:Capreit logo.svg | |
| Company type | Public |
|---|---|
| TSX: CAR.UN S&P/TSX 60 component | |
| Industry | REIT |
| Founded | May 24, 1997 |
| Founder | Thomas Schwartz |
| Headquarters | , |
Key people | Mark Kenney President & CEO Scott Cryer CFO Corinne Pruzanski General Counsel and Corporate Secretary Jodi LiebermanChief People, Culture and Brand Officer |
| Products | Apartment Real estate Land Lease Community Commercial Real Estate Town homes |
| Revenue | C$778 mil 2019 17%[1] |
| C$508 mil 2018 15%[1] | |
C$1195 mil 2019 7%[1] | |
| Total assets | C$14,018 mil (Dec'19)[1]40% |
| Total equity | C$8404 mil (Dec'19)[1]33% |
Number of employees | 28,500 |
| Divisions | ERES ERESM |
| Website | www |
Canadian Apartment Properties Reit is an apartment real estate investment trust, the largest of its kind in Canada.[2] CAPREIT's business model has been to acquire real-estate with the intention of profiting off the rent. It has been doing this since 1997.[3] As of 2021 CAPREIT currently owns or has interests in approximately 70,000 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada, in the Netherlands and Ireland with approximately $18 billion of assets under management globally.
History
In 1996, Thomas Schwartz partnered with Michael Stein to establish CAPREIT, one of Canada's largest residential landlords, which owns interests in almost 49,000 residential units in Canada and the Netherlands.[4] Canadian Apartment Properties REIT went public with an ipo in 1997. CAPREIT financialized the trailer park concept beginning with an acquisition in 2007 which grew to 6,456 “manufactured home community” (MHC) suites by 2017. [3][5] Paid $500 million in 2004 to acquire smaller rival Residential Equities Real Estate Investment Trust. [6] At the time of the merger the company had 24,238 rental apartments and townhouse units across the country.[7] It became associated with Montreal Olympic Village in 2012.[8] In 2019 the company spun-off 2000 rental units in the Netherlands, into a separate European-focused REIT (Canada's first).[9] CAPREIT was added to the TSX 60 index on June 22, 2020.[10]
Notable Properties
References
- ^ a b c d e "CAPREIT financials". 2019.
- ^ "Largest publicly traded apartment landlord picks up 509 suites". costar. November 11, 2020.
- ^ a b "The financialization of Canadian multi-family rental housing: From trailer to tower" (PDF). Journal of Urban Affairs. February 28, 2020.
- ^ "Real Estate Moguls Death Loss to Jewish Community". cjnews.com. August 30, 2017.
- ^ "CAPREIT acquires major manufactured home communities portfolio". www.globenewswire.com. June 1, 2012.
- ^ "REIT merger may signal new era of consolidation". The Globe and Mail. March 31, 2004.
- ^ "REITs in 1 Billion Dollar Merger". cbc.ca. 2004.
- ^ "Tshuva's Elad sells Montreal's Olympic Village". globes.co.il. 2012.
- ^ "European Residential REIT Announces Year End 2019 Results". GlobeNewswire News Room (in French). ERES Limited Partnership. 2020-02-25. Retrieved 2021-05-03.
- ^ "CAPREIT to be Included in the S&P/TSX 60 Index". GlobeNewswire News Room. 2020-06-15. Retrieved 2021-05-03.