Canadian Apartment Properties Real Estate Investment Trust revenue and financials

CAR.UN · TSX · CAD

$31.30Change from previous close: −0.38%Absolute change: −$0.12

Close · October 7, 2026

In the fiscal year ended December 2025, Canadian Apartment Properties Real Estate Investment Trust reported revenue of $1B (−9.83% year over year). Net income was $197.05M, a net margin of 19.6%.

Annual revenue · 2025: $1B
  1. $1.01B2022
  2. $1.07B2023
  3. $1.11B2024
  4. $1B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
−9.83%
2025 vs 2024
Net income growth
−32.69%
2025 vs 2024
Net margin
19.6%
2024: 26.3%

Financial data

Amounts in millions of CAD; per-share values in CAD; shares in millions.

Income statement · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025
Total revenue246248243—254253
Cost of revenue10110395.4—99.4112
Gross profit145144148—155141
Selling, general and administrative7.82.91.5—3.03.3
Operating income136140145—150137
EBIT-11.0-13713279.6117—
EBITDA-9.7-13513381.1118—
Interest expense47.946.743.944.643.8—
Pre-tax income-58.9-18387.7—72.719.1
Income tax5.0-0.8-0.7—-1.711.1
Net income-64.0-18288.4—74.58.0
Net income to common shareholders-64.0-18288.4—74.58.0
Basic EPS-0.41-1.17——0.470.05
Diluted EPS-0.41-1.17——0.460.05
Average shares (basic)154155—158160162
Average shares (diluted)155156—159161163