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Canadian Apartment (TSE:CAR.UN)
TSX:CAR.UN
Holding TSE:CAR.UN?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -10.45%
|Next Earnings Date:Aug 10, 2018
Earnings Call Sentiment|Positive
The earnings call reflects strong operational and financial performance, characterized by high occupancy rates, rent growth, and effective capital recycling strategies. Despite increased interest expenses and maintenance costs, the company demonstrated robust financial strength and a strategic focus on optimizing their portfolio. Overall, the sentiment is positive with a clear emphasis on growth and stability.Company Guidance
During the Canadian Apartment Properties REIT (CAPREIT) Q3 2024 earnings call, a robust set of metrics highlighted significant operational and strategic achievements. CAPREIT reported a high occupancy rate of 98% with an average rent of $1,617 per month. Rent growth led to a 5.2% increase in total portfolio operating revenues, with a 6.1% rise in NOI, expanding the margin by 60 basis points to 67.1%. Despite higher repairs and maintenance costs, diluted FFO per unit increased by 3.3% to $0.659 for the quarter. Over the first nine months, rent growth was 6.4%, and diluted FFO per unit rose by 6.5%, maintaining a conservative payout ratio of 57.3%. CAPREIT's strategic repositioning involved $1 billion in Canadian rental property transactions and $219 million in European property sales, with further dispositions planned, including a $740 million MHC portfolio sale set for closing in Q4 2024. The company's total debt to gross book value ratio improved to 40.9%, and a strategic CapEx program reduced capital spend by 7% year-over-year, enhancing cash flow generation.High Occupancy and Rent Growth
Occupancy remained high at 98%, with average rent at $1,617 per month. Rent growth drove a 5.2% increase in total portfolio operating revenues.
Strong Financial Performance
NOI increased by 6.1%, with a 60 basis point margin expansion to 67.1%. Diluted FFO per unit increased by 3.3% to $0.659 for the quarter.
Successful Capital Recycling Strategy
Nearly $1 billion in Canadian rental properties transacted in 2024, $219 million in European property sales completed, and over $1 billion in additional property dispositions in the Netherlands announced.
Debt Reduction and Financial Strength
Total debt to gross book value ratio decreased to 40.9% from 41.6%. Mortgages carry a low weighted average effective interest rate of just over 3%.
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TSE:CAR.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CAR.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$45.53 | C$45.04 | -1.08% |
| Aug 07, 2024 | C$47.40 | C$48.05 | +1.37% |
| May 08, 2024 | C$44.55 | C$45.26 | +1.59% |
| Feb 22, 2024 | C$49.00 | C$48.80 | -0.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Canadian Apartment (TSE:CAR.UN) report earnings?
Canadian Apartment (TSE:CAR.UN) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Canadian Apartment (TSE:CAR.UN) earnings time?
Canadian Apartment (TSE:CAR.UN) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CAR.UN EPS forecast?
Currently, no data Available
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