Canadian Apartment Properties Real Estate Investment Trust
TSX:CAR.UN
Intrinsic Value
Canadian Apartment Properties Real Estate Investment Trust is a mutual fund which owns and operates a portfolio of multi-unit residential rental properties. [ Read More ]
The intrinsic value of one CAR.UN stock under the Base Case scenario is 57.42 CAD. Compared to the current market price of 48.5 CAD, Canadian Apartment Properties Real Estate Investment Trust is Undervalued by 16%.
Valuation Backtest
Canadian Apartment Properties Real Estate Investment Trust
Run backtest to discover the historical profit from buying and selling CAR.UN stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
CAPREIT Strategizes on Portfolio Quality
2023-Q4 Earnings Call
In 2023, CAPREIT focused on modernizing and improving its portfolio's quality through strategic acquisitions like the Lancaster for $22.5 million and Hub Place for $68 million, and dispositions totaling over $700 million. These transactions aimed to replace older, non-core assets with high-quality properties, enhancing geographic exposure and portfolio quality. Financially, CAPREIT strengthened their liquidity, with $340 million available on Canadian credit facilities and a conservative debt management approach. Their debt to gross book value ratio was marginally above target at 41.6%, but within covenants. The company's strategy now emphasizes quality over expansion, enhancing stakeholder value, improving ESG performance, and participating in initiatives to address housing affordability in Canada.
Balance Sheet Decomposition
Canadian Apartment Properties Real Estate Investment Trust
Current Assets | 231.9m |
Cash & Short-Term Investments | 53m |
Receivables | 64.5m |
Other Current Assets | 114.4m |
Non-Current Assets | 16.7B |
Long-Term Investments | 16.6B |
PP&E | 14.5m |
Other Non-Current Assets | 72.7m |
Current Liabilities | 1B |
Accounts Payable | 43.1m |
Accrued Liabilities | 74.6m |
Short-Term Debt | 74.3m |
Other Current Liabilities | 850.1m |
Non-Current Liabilities | 6.6B |
Long-Term Debt | 6.3B |
Other Non-Current Liabilities | 266.5m |
Earnings Waterfall
Canadian Apartment Properties Real Estate Investment Trust
Revenue
|
1.1B
CAD
|
Cost of Revenue
|
-372.5m
CAD
|
Gross Profit
|
692.8m
CAD
|
Operating Expenses
|
-80.7m
CAD
|
Operating Income
|
612.1m
CAD
|
Other Expenses
|
-1B
CAD
|
Net Income
|
-411.6m
CAD
|
Free Cash Flow Analysis
Canadian Apartment Properties Real Estate Investment Trust
What is Free Cash Flow?
CAR.UN Profitability Score
Profitability Due Diligence
Canadian Apartment Properties Real Estate Investment Trust's profitability score is 59/100. The higher the profitability score, the more profitable the company is.
Score
Canadian Apartment Properties Real Estate Investment Trust's profitability score is 59/100. The higher the profitability score, the more profitable the company is.
CAR.UN Solvency Score
Solvency Due Diligence
Canadian Apartment Properties Real Estate Investment Trust's solvency score is 28/100. The higher the solvency score, the more solvent the company is.
Score
Canadian Apartment Properties Real Estate Investment Trust's solvency score is 28/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
CAR.UN Price Targets Summary
Canadian Apartment Properties Real Estate Investment Trust
According to Wall Street analysts, the average 1-year price target for CAR.UN is 58.61 CAD with a low forecast of 52.02 CAD and a high forecast of 66.15 CAD.
Shareholder Return
CAR.UN Price
Canadian Apartment Properties Real Estate Investment Trust
Average Annual Return | 0.46% |
Standard Deviation of Annual Returns | 19.26% |
Max Drawdown | -38% |
Market Capitalization | 8.1B CAD |
Shares Outstanding | 167 630 000 |
Percentage of Shares Shorted | 0.82% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Canadian Apartment Properties Real Estate Investment Trust is a mutual fund which owns and operates a portfolio of multi-unit residential rental properties. The company is headquartered in Toronto, Ontario and currently employs 1,097 full-time employees. The firm owns and manages interests in multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (MHC), principally located in and near urban centers across Canada. The Company’s net assets and operating results are substantially derived from income-producing real estate located in Canada and Europe. The Company’s objectives are to provide holders of trust units (Unitholders) with long-term, stable and predictable monthly cash distributions; grow normalized funds from operations (NFFO), sustainable distributions and trust unit value through the management of its properties, accretive acquisitions, developments and intensifications, and financial management; and invest capital within the property portfolio in order to maximize earnings and cash flow potential and to help ensure life safety and satisfaction of residents.
Contact
IPO
Employees
Officers
The intrinsic value of one CAR.UN stock under the Base Case scenario is 57.42 CAD.
Compared to the current market price of 48.5 CAD, Canadian Apartment Properties Real Estate Investment Trust is Undervalued by 16%.