CAPREIT renews ATM program for up to C$300 million

On May 15, 2025, Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) announced that it renewed its at-the-market equity program (the “ATM Program”) allowing it to issue trust units up to an aggregate sale price of C$300 million from treasury to the public from time to time, at its sole discretion, through the Toronto Stock Exchange or on any other permitted marketplace at the prevailing market price at the time of sale.

Distributions through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated May 15, 2025 between CAPREIT and TD Securities Inc., as agent. The ATM Program will be effective until June 15, 2027, unless terminated prior to such date by CAPREIT or otherwise in accordance with the terms of the equity distribution agreement.

The ATM Program provides CAPREIT with additional financing flexibility, should it be required in the future. CAPREIT intends to use the net proceeds from the ATM Program, if any, for future investments, repayment of indebtedness, and for general business purposes.

Further information can be found on Globe Newswire’s website.

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at March 31, 2025, it owns approximately 46,800 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with a total fair value of approximately C$14.9 billion, excluding approximately C$12.5 million of assets held for sale.