CAPREIT Deploys $293 Million Into Strategic Acquisitions

Core Insights - CAPREIT has acquired six rental properties in Canada for a total of $292.5 million since the last update on November 6, 2025 [1] - The company has invested approximately $94.0 million into its Normal Course Issuer Bid (NCIB) program since the end of Q3 2025 [1] Acquisition Details - A newly built rental property in Laval, Québec, was acquired for $178.0 million, with CAPREIT assuming a $29.5 million mortgage at an interest rate of 3.3% for approximately 7.2 years [2] - CAPREIT acquired a portfolio of 187 residential suites in Regina, Saskatchewan, for $41.0 million, assuming a combined mortgage of $17.6 million at a weighted average interest rate of 2.9% for approximately 3.8 years [5] - A 51-suite property in Vancouver, British Columbia, was purchased for $35.0 million, with an outstanding mortgage of $27.2 million at an interest rate of 3.2% for approximately 5.0 years [6] - Three vintage properties were acquired for a total of $38.5 million, with an aggregate mortgage of $12.6 million at a weighted average interest rate of 2.1% for approximately 4.1 years [7] Financial Performance - The total acquisition volume for 2025 has reached $659 million, focusing on strategically located assets with low capital requirements and strong return profiles [8] - Recent acquisitions were purchased at a high-4% weighted average cap rate, while capital deployed into the NCIB program was at a mid-5% cap rate [8] Company Overview - CAPREIT is Canada's largest publicly traded provider of quality rental housing, owning approximately 45,000 residential apartment suites and townhomes with a total fair value of approximately $14.5 billion as of September 30, 2025 [9]