Canadian Apartment Properties REIT (TSE:CAR.UN) Reaches New 12-Month Low - Here's What Happened

Key Points

• Canadian Apartment Properties REIT fell to a new 52-week low of C$30.80 during Friday trading, closing near C$30.88 compared with the previous close of C$31.17.
• Analysts lowered their price targets, with CIBC cutting its target to C$40 and ATB Cormark reducing its target to C$43. Despite the cuts, analysts maintain a consensus “Buy” rating and an average target of C$44.33.
• The REIT reported a quarterly loss of C$0.42 per share on revenue of C$246.41 million, alongside a negative net margin of 4.95% and negative return on equity of 1.08%.

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) reached a new 52-week low during mid-day trading on Friday. The company traded as low as C$30.80 and last traded at C$30.88, with a volume of 427,236 shares traded. The stock had previously closed at C$31.17.

Analysts Set New Price Targets

A number of analysts recently issued reports on CAR.UN shares. Canadian Imperial Bank of Commerce decreased their price objective on Canadian Apartment Properties REIT from C$45.00 to C$40.00 in a research note on Monday, August 10th. ATB Cormark Capital Markets reduced their price target on shares of Canadian Apartment Properties REIT from C$48.00 to C$43.00 and set an "outperform" rating for the company in a report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$44.33.

Canadian Apartment Properties REIT Price Performance

The stock has a market capitalization of C$4.75 billion, a P/E ratio of -35.66, a price-to-earnings-growth ratio of -10.12 and a beta of 0.71. The firm has a 50-day moving average price of C$31.99 and a 200 day moving average price of C$35.05. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36.

Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C($0.42) earnings per share for the quarter. Canadian Apartment Properties REIT had a negative net margin of 4.95% and a negative return on equity of 1.08%. The company had revenue of C$246.41 million for the quarter.

Canadian Apartment Properties REIT Company Profile

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at June 30, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 100 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.4 billion (excluding approximately $21.6 million of assets held for sale). 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.

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