CAPREIT Announces October 2021 Distribution

TORONTO, Oct. 15, 2021 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its October 2021 monthly distribution in the amount of $0.12084 per Unit (or $1.45 on an annualized basis). The October distribution will be payable on November 15, 2021 to Unitholders of record on October 29, 2021.

To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.

CAPREIT is Canada’s largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in, and manages, approximately 70,000 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada, in the Netherlands and Ireland. CAPREIT has approximately $18 billion of assets under management globally. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 103%. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.caprent.com or www.capreit.net, and our public disclosure which can be found under our profile at www.sedar.com.

For further information please contact:

CAPREITMr. Michael Stein,Chairman(416) 861-5788

CAPREITMr. Mark Kenney,President & CEO(416) 861-9404

CAPREITMr. Scott Cryer,Chief Financial Officer(416) 861-5771

Source: Canadian Apartment Properties Real Estate Investment Trust

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