Financial Review: Canadian Apartment Properties Real Estate Investment Trust (CDPYF) & Its Competitors

Valuation & Earnings

This table compares Canadian Apartment Properties Real Estate Investment Trust and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Canadian Apartment Properties Real Estate Investment Trust	N/A	N/A	8.36
Canadian Apartment Properties Real Estate Investment Trust Competitors	$773.18 million	$238.42 million	147.30

Canadian Apartment Properties Real Estate Investment Trust’s peers have higher revenue and earnings than Canadian Apartment Properties Real Estate Investment Trust. Canadian Apartment Properties Real Estate Investment Trust is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

23.7% of Canadian Apartment Properties Real Estate Investment Trust shares are held by institutional investors. Comparatively, 55.7% of shares of all “Residential REITs” companies are held by institutional investors. 8.5% of shares of all “Residential REITs” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Dividends

Canadian Apartment Properties Real Estate Investment Trust pays an annual dividend of $1.16 per share and has a dividend yield of 4.7%. Canadian Apartment Properties Real Estate Investment Trust pays out 39.4% of its earnings in the form of a dividend. As a group, “Residential REITs” companies pay a dividend yield of 4.3% and pay out 208.0% of their earnings in the form of a dividend. Canadian Apartment Properties Real Estate Investment Trust is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.

Profitability

This table compares Canadian Apartment Properties Real Estate Investment Trust and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Canadian Apartment Properties Real Estate Investment Trust	N/A	N/A	N/A
Canadian Apartment Properties Real Estate Investment Trust Competitors	21.10%	2.89%	2.13%

Summary

Canadian Apartment Properties Real Estate Investment Trust peers beat Canadian Apartment Properties Real Estate Investment Trust on 7 of the 9 factors compared.

Canadian Apartment Properties Real Estate Investment Trust Company Profile

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.