Topic: How To Invest

Q: I have followed your recommendations for years and have built a good portfolio on them. I have a question. What do you think of Canadian Apartment Properties REIT’s prospects going forward? Thank you.

Article Excerpt

A: Canadian Apartment Properties REIT, $48.67, symbol CAR.UN on Toronto (Units outstanding: 167.4 million; Market cap: $8.2 billion; owns multi-unit residential properties, including apartments, townhomes and manufactured home communities (trailer parks). Those rental properties are all located in or near major urban centres in Canada. All together, CAPREIT has ownership or co-ownership interests in 58,627 residential units in Canada: 46,291 residential suites; and 77 trailer parks, which comprise 12,336 land lease sites. At the same time, the trust also owns 66% of European Residential REIT (symbol ERE.UN on Toronto). European Residential REIT holds a portfolio of 158 multi-residential properties, comprised of 6,900 suites and some retail space located in the Netherlands. It also owns one office property in Germany and another office property in Belgium. In total, 47% of the CAPREIT’s residential suites are in Ontario, followed by 15% in Quebec, 12% in B.C., 5% in Nova Scotia, 3% in Alberta, 1% in Prince Edward Island, 1% in Saskatchewan, and 16% in…