Canadian Apartment Properties Real Estate Investment Trust (CDPYF) fair value: what the stock is really worth
We calculate from audited financials what Canadian Apartment Properties Real Estate Investment Trust is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
- Add to watchlist
Canadian Apartment Properties Real Estate Investment Trust
CDPYF · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range $23.00 – $42.67 · fair‑value band $11.81 – $22.24 · the $23.21 price screens above the $15.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Company profile
Canadian Apartment Properties Real Estate Investment Trust is Canada's largest publicly traded provider of quality rental housing.
Show more
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.
Stock analysis
Canadian Apartment Properties Real Estate Investment Trust (CDPYF) currently trades at $23.21, while our model-based Fair Value estimate is $15.75, implying the stock looks roughly 47.4% overvalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of $38.84 per share, and 7 of the 16 models we run sit above the $23.21 price.
Bear case: the Growth DCF group reads lowest at $4.65, and 9 of the 16 models stay below the price. Evidence for this calculation is medium.
Scenario range: $11.81 (bear) to $22.24 (bull), the price of $23.21 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap $3.8B · P/S ratio 3.83 · EPS (TTM) $0.0100 · Dividend yield 6.7% · Net margin 19.6% · Return on equity 0.3% · Return on assets (EBIT) 3.7% · Operating margin 57.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −24% fair-value upside, at −32%, CDPYF screens richer than that median.
Fair Value models
All 16 models by family
Notify me when CDPYF reaches fair value
Put CDPYF on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 36
Revenue & earnings trend
Growth Forecast
CDPYF screens 47% overvalued. Compare with AvalonBay Communities, Inc →
Earlier news
- Canadian Apartment Properties Real Estate Investment Trust's Dividend Analysis
- Canadian Apartment Properties Real Estate Investment Trust (CDPYF) (Q2 2026) Earnings Call ...
- Canadian Apartment Properties REIT reports Q2 results
Compare Canadian Apartment Properties Real Estate Investment Trust with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Residential · 46 stocks
Valuation Multiplesvs REIT - Residential median · lower = cheaper
Context: sector, industry, market
- Is the Real Estate sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Real Estate
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Residential stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| AvalonBay Communities, Inc AVB | $68.14 | $51.89 | −24% |
| EQR EQR | $68.14 | $36.19 | −47% |
| Essex Property Trust, Inc ESS | $272.91 | $210.20 | −23% |
| Invitation Homes INVH | $27.54 | $20.80 | −24% |
| Mid-America Apartment Communities, Inc MAA | $124.79 | $90.18 | −28% |
| Sun Communities, Inc SUI | $114.48 | $135.78 | +19% |
| UDR, Inc UDR | $35.12 | $22.66 | −35% |
| American Homes 4 Rent (AMH or the General Partner) AMH | $31.48 | $43.83 | +39% |
| Equity LifeStyle Properties, Inc ELS | $60.08 | $20.93 | −65% |
| Camden Property Trust, an S&P 500 Company CPT | $103.01 | $41.51 | −60% |
Explore undervalued stocks
More undervalued Real Estate stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Canadian Apartment Properties Real Estate Investment Trust (CDPYF) overvalued or undervalued?
What is the fair value of CDPYF?
What is the quality score of CDPYF?
What is the price target for Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
What is the Canadian Apartment Properties Real Estate Investment Trust stock forecast for 2026?
What is the revenue of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
Does Canadian Apartment Properties Real Estate Investment Trust pay a dividend?
What growth is priced into Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
What discount rate (WACC) does the fair value of CDPYF use?
What is a reverse DCF?
How much growth has Canadian Apartment Properties Real Estate Investment Trust (CDPYF) delivered so far?
How fast is the sector of Canadian Apartment Properties Real Estate Investment Trust (CDPYF) growing?
What is the free cash flow yield of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
What is the intrinsic value of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
Is Canadian Apartment Properties Real Estate Investment Trust stock overvalued or undervalued in 2026?
Is fair value the same as the market price of CDPYF?
How much is Canadian Apartment Properties Real Estate Investment Trust worth?
What do the bullish and bearish scenarios say about CDPYF?
How solid is the balance sheet of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
How far is CDPYF from its 52-week high?
Which stocks are comparable to Canadian Apartment Properties Real Estate Investment Trust?
Is Canadian Apartment Properties Real Estate Investment Trust stock attractive at the current price?
How is the fair value of CDPYF calculated?
Is it still worth investing in stocks now?
What should I pay attention to with Canadian Apartment Properties Real Estate Investment Trust right now?
Where does the earnings growth of Canadian Apartment Properties Real Estate Investment Trust (CDPYF) come from?
Key figures of Canadian Apartment Properties Real Estate Investment Trust
How large is the market capitalisation of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
What is the P/S ratio of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
What are the earnings per share of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
What is the dividend yield of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
What is the net margin of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
What is the return on equity of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
What is the EBIT return on assets of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
What is the operating margin of Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
How fast is revenue growing at Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
How fast are earnings growing at Canadian Apartment Properties Real Estate Investment Trust (CDPYF)?
How much net debt does Canadian Apartment Properties Real Estate Investment Trust (CDPYF) carry?
Watch Canadian Apartment Properties Real Estate Investment Trust in the live analysis
One click puts Canadian Apartment Properties Real Estate Investment Trust on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.