Canadian Apartment Properties Real Estate Investment Trust (CAR-UN) Fair Value & Analysis
Real Estate · CA · Market cap C$5.4B
Fair value as of: Jul 13, 2026
From 25 valuation models · updated 8 days ago
Share price +1.1% over the past month.
Price vs Fair Value (12 months)
12‑month range C$33.24 – C$44.37 · fair‑value band C$16.40 – C$31.48 · the C$34.99 price screens above the C$21.86 fair value. As of Jul 13, 2026.
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Canadian Apartment Properties Real Estate Investment Trust (CAR-UN) currently trades at C$34.99, while our model-based Fair Value estimate is C$21.86, implying the stock looks roughly 37.5% overvalued today. We read business quality at 50/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Canadian Apartment Properties Real Estate Investment Trust generated revenue of C$998M at a net margin of 0.7%. Revenue declined 2.1% year over year. It earns a return on equity of 0.3%. Net debt stands at C$6.1B. Fundamentals as of Jul 13, 2026
Our scenario range runs from C$16.40 (bear case) to C$31.48 (bull case); at C$34.99, the current price sits above that range. The share trades about 22% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -28% fair-value upside, at -38%, CAR-UN screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 13, 2026. TTM = trailing twelve months.
About the company
Canadian Apartment Properties Real Estate Investment Trust is Canada's largest publicly traded provider of quality rental housing. As at March 31, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 200 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately 14.5 billion dollars (excluding approximately 0.1 billion dollars of assets held for sale). Real Estate Investment Trust was established on February 03, 1997 and incorporated in Ontario, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Canadian Apartment Properties Real Estate Investment Trust reported revenue of C$1.0B in FY2025 versus C$933M in FY2021, a compound +1.8%/yr. Reported net income was C$197M in FY2025, compounding −38.7%/yr from FY2021.
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Recent news
- CAPREIT Announces July 2026 Distribution
- CAPREIT Announces Timing of Second Quarter 2026 Results & Conference Call
- CAPREIT Announces June 2026 Distribution
- CAPREIT Announces Results of 2026 Annual Meeting
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.
Similar stocks
10 more REIT - Residential stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| E1QR34 E1QR34 | R$164.90 | R$84.29 | -49% |
| AvalonBay Communities, Inc AVB | $177.32 | $130.65 | -26% |
| EQR EQR | $64.09 | $37.80 | -41% |
| Essex Property Trust, Inc E1SS34 | R$130.99 | R$73.68 | -44% |
| Invitation Homes INVH | $29.05 | $23.59 | -19% |
| Mid-America Apartment Communities, Inc MAA | $132.13 | $95.43 | -28% |
| Sun Communities, Inc SUI | $119.50 | $121.64 | +2% |
| UDR, Inc UDR | $38.39 | $19.76 | -49% |
| American Homes 4 Rent (AMH or the General Partner) AMH | $31.83 | $31.25 | -2% |
| Equity LifeStyle Properties, Inc ELS | $62.19 | $37.72 | -39% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.