There’s a an old piece of financial advice that says you should own the shares of companies that profit off you – banks, utilities and telecom and energy companies, for example.
Here’s an idea for people who rent their housing instead of owning – invest in the shares of Canadian Apartment REIT (CAR.UN). CAP, as it’s known, is a blue chip name in the world of real estate investment trusts and the third largest name in the S&P/TSX capped REIT index as ranked by market capitalization behind RioCan and Allied Properties. CAP’s property portfolio is focused on multi-unit residential properties – apartments, townhomes and mobile home communities – located mainly in Ontario, New Brunswick, Quebec, Alberta and British Columbia. The properties cover the entire market, from luxury through mid-tier to affordable.Report Typo/Error
- Canadian Apartment Properties Real Estate Investment Trust$33.64+0.12(+0.36%)
- RioCan Real Estate Investment Trust$25.33+0.01(+0.04%)
- Allied Properties Real Estate Investment Trust$37.60+0.07(+0.19%)
- Updated May 29 9:51 AM EDT. Delayed by at least 15 minutes.