The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has announced the acquisition of six rental properties across Canada for a total of $292.5 million (approximately £168 million). Since its last update in November 2025, the trust has also invested $94 million into its share buyback programme, known as the Normal Course Issuer Bid (NCIB).

The most significant recent purchase is a two-building complex in Laval, Quebec, which was completed for $178 million. Built between 2020 and 2023, the site includes 436 modern suites. Located near the Montmorency metro station, it provides residents with a short commute to downtown Montréal. CAPREIT took over a $29.5 million mortgage on the property with a 3.3% interest rate.

The trust also expanded its holdings in Western Canada by acquiring three buildings in Regina, Saskatchewan, for $41 million. These properties, containing 187 suites, are situated in the Hawkstone and Skyview areas. In British Columbia, the group bought a newly built 51-suite property in Vancouver for $35 million. This site is located within walking distance of two Skytrain stations, offering a 25-minute journey to the city centre.

Further investment in British Columbia included the purchase of three “vintage” low-rise properties in Vancouver and Victoria for a combined $38.5 million. These acquisitions are strategically located next to existing CAPREIT assets.

“These transactions bring our 2025 acquisition volume to a total of $659 million in highly strategic, primely located assets, which come with low capital requirements and strong return profiles,” commented Mark Kenney, President and Chief Executive Officer of CAPREIT. “We’re also continuing to purchase our recently constructed buildings at appealing pricing per square foot compared to replacement cost. This ongoing transformation is further strengthening the quality and cash flow performance of our irreplaceable rental apartment portfolio in Canada.”

Julian Schonfeldt, Chief Investment Officer, noted that the properties were bought at a high-4% weighted average cap rate. He added, “In addition, we’ve deployed capital into our NCIB program at a mid-5% cap rate, with $94 million invested since the end of Q3 2025.”

About CAPREIT

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at September 30, 2025, CAPREIT owns approximately 45,000 residential apartment suites and townhomes that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.5 billion. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosures which can be found under our profile at www.sedarplus.ca.