caprent
CAPREIT is Canada's largest publicly traded residential REIT, owning and operating approximately 45,400 apartment suites and townhomes across Canada and the Netherlands, leasing directly to individual households on monthly terms with a portfolio fair value of roughly C$14.5 billion.
- Company typePublic
- Founded1997
- HeadquartersToronto, Canada
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What caprent does
Canadian Apartment Properties REIT (CAPREIT) is a Toronto-headquartered, publicly traded Real Estate Investment Trust listed on the Toronto Stock Exchange (TSX:CAR.UN) and the largest publicly traded residential rental housing provider in Canada. Founded in 1997, the company owns and operates approximately 45,400 residential apartment suites and townhomes across Canada and the Netherlands, with a total portfolio fair value of roughly C$14.5 billion as of March 31, 2026. Its portfolio spans standard, luxury, and co-living/shared accommodation formats, distributed across major Canadian metropolitan areas including Vancouver, Calgary, Edmonton, Toronto, Montreal, Ottawa, Halifax, and Charlottetown, with commercial leasing as a minor ancillary line.
The operating platform is built around a residential property management model in which CAPREIT leases units directly to individual households (young professionals, families, students, and retirees) on monthly subscription terms, supported by an in-house Resident Portal that handles maintenance requests, amenity bookings, and electronic building notices. Distribution is conducted primarily through the capreit.ca self-service search portal and on-site leasing offices, supplemented by social media and content marketing. Reported occupancy rates consistently exceed 98%, and the company distributes monthly cash distributions of C$0.12917 per unit (C$1.55 annualized), consistent with its REIT structure.
CAPREIT generates the substantial majority of its revenue from recurring monthly residential rental income, with smaller contributions from commercial leasing and ancillary services such as parking, laundry, and tenant partnerships. The company pursues an ESG-led positioning, evidenced by a 95/100 score in The Globe and Mail's Board Games ranking, a Mercer 2025 Best Employers recognition, and a CAPGiving program that has transferred C$113 million in properties to non-profit and affordable housing providers. Following the retirement of long-tenured CEO Mark Kenney, Brad Cutsey (former CEO of InterRent REIT) assumed the President and CEO role effective July 2, 2026, in a planned succession with the senior leadership team remaining intact.
caprent firmographics
Firmographics- Name
- caprent
- Legal name
- Canadian Apartment Properties Real Estate Investment Trust
- Website
- https://caprent.com
- Company type
- Public
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- CAPREIT is Canada's largest publicly traded residential REIT, owning and operating approximately 45,400 apartment suites and townhomes across Canada and the Netherlands, leasing directly to individual households on monthly terms with a portfolio fair value of roughly C$14.5 billion.
- Ownership category
- akta.pro rank
caprent industry classification
Industry- Product category
- Residential Real Estate
- NAICS
- Rental and Leasing Services (532)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Co-Living Property Management (BPAJAFAJ)
Keywords
Where caprent is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
caprent business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain, Technology or R&D
Revenue model
- Residential Rental Income: CAPREIT generates revenue through monthly rental payments from approximately 45,400 residential suites and townhomes across Canada and the Netherlands. As a REIT, it distributes a significant portion of its taxable income to unitholders in the form of monthly distributions.
- Ancillary Revenue: Revenue from ancillary services and business partnerships including parking, laundry facilities, and other tenant services.
- Commercial Leasing: Revenue from commercial leasing activities in mixed-use properties.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard residential rental units |
| Subscription | Monthly | Luxury living units |
Distribution channels4 records
Marketing channels6 records
caprent product offering
Product offeringCore offering
Canadian Apartment Properties REIT (CAPREIT), operating under the brand caprent, owns and operates approximately 45,400 residential apartment suites and townhomes for rent across Canada and the Netherlands. Offerings span standard rentals, luxury living units, co-living/shared accommodations, and commercial leasing, managed through professional property management with a digital Resident Portal.
Product overview
CAPREIT operates as a diversified residential rental housing platform offering apartment suites and townhomes across Canada and the Netherlands. The core offering consists of standard rental apartments, with specialized sub-products including luxury living rentals and co-living/shared accommodations targeting different resident segments. The platform includes resident-facing services (Resident Portal for digital self-service), commercial leasing capabilities, and ancillary business partnerships. CAPREIT's approximately 45,400 residential units are located in major Canadian cities and the Netherlands, managed through a combination of standard apartment products and specialty housing categories including student living, family housing, and new-to-Canada programs.
Differentiator
Problem solved
Functional benefit
Products and services
- Apartment and Townhome Rentals
Quantifiable outcome
- 98%+ occupancy rates
- +3 more outcomes
Companies that use caprent
Customer profileSegments1 record
Ideal customer profiles2 records
caprent technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
caprent partnerships and signals
Strategic signalScale indicators10 records
Recent moves7 records
Expansion highlights6 records
caprent competitors and assessment
Company assessmentDirect peers
- Boardwalk REIT: Canadian multifamily residential REIT (TSX:BEI.UN) with tens of thousands of suites concentrated in Western Canada. Directly comparable to CAPREIT on geography, asset class, REIT structure, and tenant base.
- Killam Apartment REIT: Canadian multifamily REIT (TSX:KMP.UN) operating apartments and townhomes across Atlantic Canada and Ontario. Direct peer to CAPREIT in asset class, REIT structure, and Canadian focus.
- Minto Apartment REIT: Canadian multifamily REIT (TSX:MI.UN) focused on urban rental apartments in Toronto, Ottawa, Montreal, Calgary, and Edmonton. Closely comparable to CAPREIT's urban apartment strategy and REIT distribution model.
- InterRent Real Estate Investment Trust: Canadian multifamily REIT (TSX:IIP.UN) focused on value-add intensification in Ontario. Highly comparable to CAPREIT's apartment business; notable as former employer of incoming CAPREIT CEO Brad Cutsey.
- Morguard North American Residential REIT: Canadian-listed REIT (TSX:MRG.UN) holding a portfolio of mid-rise and townhome multifamily assets in Canada and the U.S. Comparable to CAPREIT on apartment asset class and REIT structure with cross-border diversification.
Broad incumbents
- AvalonBay Communities: U.S. apartment REIT (NYSE:AVB) operating ~300,000 multifamily units. Larger, geographically broader incumbent in the same asset class; useful benchmark for capital allocation, development, and operating margin comparisons to CAPREIT.
- Brookfield Property Partners: Large global real estate operator with multifamily and mixed-use holdings, including in Canada. Broader incumbent in real estate operations, useful for benchmarking scale, leverage, and capital markets access.
- Equity Residential: U.S. apartment REIT (NYSE:EQR) focused on urban and high-density coastal markets. Comparable to CAPREIT's urban Canadian core (Toronto, Vancouver) on tenant demographics, rent growth dynamics, and large-scale operations.
- Essex Property Trust: U.S. multifamily REIT (NYSE:ESS) concentrated on West Coast supply-constrained metros (California, Seattle). Relevant comparable for CAPREIT's exposure to supply-constrained Canadian gateway markets.
Regional players
- Choice Properties REIT: Canadian REIT (TSX:CHP.UN) primarily retail-anchored but with significant residential and mixed-use exposure, sponsored by Loblaw. Adjacent comparable on Canadian REIT structure and urban real estate footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
caprent social profiles
Digital presencecaprent financial estimates
Financial estimateRevenue estimate
Valuation estimate
caprent leadership team
Management profileNumber of profiles
Profiles15 records
caprent funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
caprent M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about caprent
What does caprent do?
Canadian Apartment Properties REIT (CAPREIT), operating under the brand caprent, owns and operates approximately 45,400 residential apartment suites and townhomes for rent across Canada and the Netherlands. Offerings span standard rentals, luxury living units, co-living/shared accommodations, and commercial leasing, managed through professional property management with a digital Resident Portal.
Is caprent a public or private company?
caprent is a public company. It is classified as public and is currently operating.
When was caprent founded?
caprent was founded in 1997. It employs 501 to 1,000 people.
Where is caprent based?
caprent is headquartered in Toronto, Canada, in the North America region.
How does caprent make money?
Three revenue lines are on record. Residential Rental Income is the primary driver. The others are ancillary Revenue and commercial Leasing.
Who are caprent's main competitors?
Direct peers on record are Boardwalk REIT, Killam Apartment REIT, Minto Apartment REIT, InterRent Real Estate Investment Trust and Morguard North American Residential REIT. Broad incumbents are AvalonBay Communities, Brookfield Property Partners, Equity Residential and Essex Property Trust. Choice Properties REIT is listed as a regional player.
Does caprent have an API?
No public API is recorded for caprent.
What industry is caprent in?
caprent's product category is Residential Real Estate. Its primary akta.pro industry code is BPAJAFAJ, Co-Living Property Management. Its NAICS code is 532 and its SIC code is 6531.