Canadian Apartment Properties Real Estate Investment Trust Plans 1.2B in 2026 Refinancing
Photo: TokenPost
Canadian Apartment Properties Real Estate Investment Trust plans to refinance 1.2 billion in mortgages during 2026, while management expects peak-lease effects to weigh on performance for 15 to 17 months. Diluted funds from operations per unit fell 1.7% year over year in the third quarter. Occupancy stood at 97.1% as of Oct. 31. Rent growth on tenant turnover returned to positive territory, and the trust issued fewer incentives than in the second quarter. Management cautioned that the improvement is too recent to establish a sustained recovery.
Source: TokenPost
