CDPYF Debt-to-EBITDA : -11.21 (As of Mar. 2026)

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CDPYF Canadian Apartment Properties Real Estate Investment Trust CDPYF
73 GF Score
Price $25.41
GF Value $31.81
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Canadian Apartment Properties Real Estate Investment Trust Debt-to-EBITDA?

Canadian Apartment Properties Real Estate Investment Trust CDPYF 73 Debt-to-EBITDA is -11.21 as of Mar. 2026. GuruFocus rates CDPYF with a GF Score™ of 73/100 and a GF Value™ of $31.81 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 578 REITs companies, Canadian Apartment Properties Real Estate Investment Trust ranks worse than 97.23% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Canadian Apartment Properties Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $649.5 Mil. Canadian Apartment Properties Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $3,768.8 Mil. Canadian Apartment Properties Real Estate Investment Trust's annualized EBITDA for the quarter that ended in Mar. 2026 was $-394.1 Mil. Canadian Apartment Properties Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -11.21.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's Debt-to-EBITDA or its related term are showing as below:

CDPYF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -24.75   Med: 4.51   Max: 39.69
Current: 30.7

During the past 13 years, the highest Debt-to-EBITDA Ratio of Canadian Apartment Properties Real Estate Investment Trust was 39.69. The lowest was -24.75. And the median was 4.51.

CDPYF's Debt-to-EBITDA is ranked worse than
97.23% of 578 companies
in the REITs industry
Industry Median: 6.49 vs CDPYF: 30.70

Canadian Apartment Properties Real Estate Investment Trust  (OTCPK:CDPYF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Canadian Apartment Properties Real Estate Investment Trust Debt-to-EBITDA Related Terms


Canadian Apartment Properties Real Estate Investment Trust Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Canadian Apartment Properties Real Estate Investment Trust's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canadian Apartment Properties Real Estate Investment Trust Debt-to-EBITDA Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.92 39.69 -24.75 11.13 15.09

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.56 12.66 17.46 11.23 -11.21

CDPYF vs AVB, EQR, ESS: Debt-to-EBITDA Comparison

For the REIT - Residential subindustry, Canadian Apartment Properties Real Estate Investment Trust's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Canadian Apartment Properties Real Estate Investment Trust Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Canadian Apartment Properties Real Estate Investment Trust's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Canadian Apartment Properties Real Estate Investment Trust's Debt-to-EBITDA falls into.


CDPYF
73GF Score
Canadian Apartment Properties Real Estate Investment Trust CDPYF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canadian Apartment Properties Real Estate Investment Trust Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Canadian Apartment Properties Real Estate Investment Trust's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(563.263 + 3783.387) / 288.08
=15.09

Canadian Apartment Properties Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(649.461 + 3768.761) / -394.104
=-11.21

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -11.21 mean?
Canadian Apartment Properties Real Estate Investment Trust (CDPYF) has a Debt-to-EBITDA of -11.21 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Canadian Apartment Properties Real Estate Investment Trust. According to the industry distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #562 out of 578 companies in the REITs industry, placing it in the top 97.2%.
Is Canadian Apartment Properties Real Estate Investment Trust's Debt-to-EBITDA too high?
Canadian Apartment Properties Real Estate Investment Trust's current Debt-to-EBITDA is -11.21. Based on the distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #562 out of 578 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Canadian Apartment Properties Real Estate Investment Trust has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Apartment Properties Real Estate Investment Trust's Debt-to-EBITDA compare to AVB and EQR?
According to the REITs industry distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #562 out of 578 companies for Debt-to-EBITDA. This places Canadian Apartment Properties Real Estate Investment Trust in the lower half of its industry. The industry median Debt-to-EBITDA is 6.49. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Canadian Apartment Properties Real Estate Investment Trust. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Apartment Properties Real Estate Investment Trust's current Debt-to-EBITDA is -11.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Apartment Properties Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Canadian Apartment Properties Real Estate Investment Trust (CDPYF) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.81, compared to a current price of $25.41 — trading 20.1% below its estimated fair value. The current Debt-to-EBITDA is -11.21. Canadian Apartment Properties Real Estate Investment Trust's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Canadian Apartment Properties Real Estate Investment Trust (CDPYF), the current Debt-to-EBITDA is -11.21 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Canadian Apartment Properties Real Estate Investment Trust (CDPYF) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Apartment Properties Real Estate Investment Trust stock appears to be undervalued. The current stock price of $25.41 is trading 20.1% below its estimated GF Value™ of $31.81. GuruFocus considers Canadian Apartment Properties Real Estate Investment Trust to be Modestly Undervalued.

Key valuation signals for CDPYF:

  • Debt-to-EBITDA: -11.21
  • GF Value™: $31.81 vs. price of $25.41 (20.1% below fair value)
  • GF Score™: 73/100 with 8 warning signs

No single metric tells the full story. See the CDPYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Canadian Apartment Properties Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges 0OJ:GermanyCAR.UN:Canada
Address 11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust. It owns and manages interests in multi-unit residential rental properties, principally located in and near urban centres across Canada, and to a lesser extent, in the Netherlands. The company operates in the following reportable segments: Canada and Europe. The majority of its revenue is derived from its income-producing real estate properties located in Canada.
73GF Score

Get the complete analysis for CDPYF

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$25.41
Price
$31.81
GF Value