Canadian Apartment Properties Real Estate Investment

Name

Canadian Apartment Properties Real Estate Investment

Legal name

Canadian Apartment Properties Real Estate Investment Trust

Website

https://capreit.ca

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Residential Rental Housing (REIT)

NAICS

Rental and Leasing Services (532), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Build-to-Rent (BTR) Community Management (BPAJAFAC)

Keywords

• Residential rental housing
• Apartment REIT
• Multi-family properties
• Rental property management
• Residential real estate investment

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Rental Income: CAPREIT generates primary revenue through monthly rental payments from approximately 45,400 residential suites and townhomes across Canada and the Netherlands. The REIT distributes a portion of these rental revenues monthly to unitholders.
2. Ancillary Revenue: CAPREIT generates ancillary revenue from cable/satellite sharing agreements, parking management, laundry services, rooftop cell tower leasing, and other commercial partnerships within its residential properties.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CAPREIT owns, operates, and leases approximately 45,400 residential apartment suites and townhomes across Canada and the Netherlands, generating revenue primarily through monthly rental payments from individual tenants and families. The company also derives ancillary revenue from commercial leasing, cable/satellite agreements, parking, laundry, and rooftop cell tower leases within its residential properties.

Product overview

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) operates as a diversified rental housing platform offering apartment suites, townhomes, and co-living accommodations across Canada with a smaller presence in the Netherlands. The portfolio includes approximately 45,400 residential units with a total fair value of $14.5 billion as of March 2026. The core product is the rental apartments and townhomes offering, supported by the Resident Portal platform for digital tenant management. Adjacent offerings include commercial leasing, co-living spaces, and ancillary revenue partnerships including cable, parking, and laundry services. Community engagement is facilitated through CAPGiving and the Impact Clés charitable campaign, while quality assurance is delivered via the CAP CARES program. The company recently expanded through acquisition of European Residential Real Estate Investment Trust (ERES), consolidating its position as Canada's largest publicly traded rental housing provider.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Apartments and Townhomes CAPREIT's primary offering comprising approximately 45,400 apartment suites and townhomes across Canada and the Netherlands, serving as Canada's largest publicly traded provider of quality rental housing with properties in major cities and neighborhoods nationwide. Units include 1-bedroom, 2-bedroom, and 3-bedroom configurations with amenities such as on-site laundry, elevators, private balconies, garage parking, fitness centers, swimming pools, and modern kitchens.
• CAPREIT Co-Living Shared accommodations option offering flexible rental arrangements for residents, particularly suited for students and young professionals seeking affordable housing solutions.
• Commercial Leasing Commercial space leasing services providing retail and office locations within CAPREIT properties across Canada, enabling business partnerships and ancillary revenue generation.
• Resident Portal Online self-service platform enabling residents to access electronic building notices, submit and track maintenance requests, and book amenities. Available at capreit.residentonline.ca.
• Ancillary Revenue and Business Partnerships Revenue generation from cable/satellite agreements, parking management, laundry services, rooftop cell tower leases, and other non-core income sources complementing the primary residential rental business.
• European Residential Real Estate Investment Trust (ERES) Portfolio European rental housing portfolio acquired through going-private transaction completed in May 2026, expanding CAPREIT's international presence with residential properties in the Netherlands.

Quantifiable outcome

• 98.3% occupancy rate
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Partnerships

One partnership is on record.

• European Residential Real Estate Investment Trust (ERES)coreStrategic or Co-development Partner · 1 May 2026CAPREIT completed its going-private acquisition of European Residential Real Estate Investment Trust (ERES) in May 2026, purchasing all remaining outstanding ERES units at $1.19 per unit. CAPREIT previously held approximately 65% ownership in ERES and now owns 100% following the plan of arrangement transaction. ERES will be delisted from the Toronto Stock Exchange and cease to be a reporting issuer.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Boardwalk REIT: One of Canada's largest residential landlords, owning and operating multi-family apartment communities primarily across Alberta, Saskatchewan, Ontario, and Quebec. Direct competitor in the Canadian purpose-built rental apartment REIT space with comparable scale and tenant base.
• Killam Apartment REIT: Canadian residential apartment REIT operating ~17,000 units across Atlantic Canada, Ontario, Alberta, and British Columbia. Closely comparable in business model, asset type, and Canadian geographic focus to CAPREIT.
• Minto Apartment REIT: Canadian multi-family residential REIT with ~13,000 units focused on Toronto, Ottawa, Montréal, Calgary, and Edmonton. Directly comparable apartment operator with similar institutional ownership and urban Canadian market exposure.
• Morguard North American Residential REIT: Canadian-listed REIT owning ~11,000 multi-suite residential properties in Alberta, Ontario, Québec, and Texas. Comparable apartment operator with cross-border diversification similar to CAPREIT's Canada/Netherlands footprint.
• Tricon Residential (Blackstone): Previously publicly traded Canadian residential REIT focused on single-family rental homes, now owned by Blackstone. Adjacent residential rental strategy in North America targeting similar tenant demographics with institutional-grade operations.
• European Residential Real Estate Investment Trust (ERES): European (Dutch) multi-family residential REIT that is now 100% owned by CAPREIT following the May 2026 going-private transaction. Historical direct peer; now fully consolidated subsidiary with Netherlands apartment portfolio.
• InterRent Real Estate Investment Trust: Canadian multi-family residential REIT operating ~12,000 suites in Ontario, Québec, and British Columbia with a value-add repositioning strategy. Comparable scale and Canadian urban market focus with similar institutional rental apartment positioning.

Broad incumbents

• Equity Residential: One of the largest US apartment REITs with ~80,000 units concentrated in high-density coastal markets. Provides a benchmark for institutional-scale residential REIT operations and capital allocation strategy relevant to CAPREIT's scale trajectory.
• AvalonBay Communities: US-focused apartment REIT operating ~90,000 units in high-barrier coastal markets. Comparable institutional apartment REIT with established portfolio scale, similar development/redevelopment strategy and ancillary amenity focus.
• Mid-America Apartment Communities: Large-cap US Sunbelt apartment REIT with ~102,000 units. Comparable large-scale apartment operator with similar geographic diversification, class B/A focus, and amenity-driven positioning relevant to CAPREIT's portfolio strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/caprent
• YouTubeyoutube.com/user/CAPRENT
• Facebookfacebook.com/caprent
• LinkedInlinkedin.com/company/capreit
• Instagraminstagram.com/caprent

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canadian Apartment Properties Real Estate Investment