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Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) 3-Year Dividend Growth Rate : 1.70% (As of Dec. 2023)


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What is Canadian Apartment Properties Real Estate Investment Trust 3-Year Dividend Growth Rate?

Canadian Apartment Properties Real Estate Investment Trust's Dividends per Share for the three months ended in Dec. 2023 was C$0.36.

The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's 3-Year Dividend Growth Rate or its related term are showing as below:

TSX:CAR.UN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -0.5   Med: 2.7   Max: 14.5
Current: 1.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Canadian Apartment Properties Real Estate Investment Trust was 14.50% per year. The lowest was -0.50% per year. And the median was 2.70% per year.

TSX:CAR.UN's 3-Year Dividend Growth Rate is ranked worse than
51.5% of 501 companies
in the REITs industry
Industry Median: 2.1 vs TSX:CAR.UN: 1.70

During the past 3 years, the average Dividends Per Share Growth Rate was 1.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.81. As of today, Canadian Apartment Properties Real Estate Investment Trust's Dividend Yield % is 3.38%.

Good Sign:

Canadian Apartment Properties Real Estate Investment Trust stock dividend yield is close to 5-year high.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison of Canadian Apartment Properties Real Estate Investment Trust's 3-Year Dividend Growth Rate

For the REIT - Residential subindustry, Canadian Apartment Properties Real Estate Investment Trust's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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's 3-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Canadian Apartment Properties Real Estate Investment Trust's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Canadian Apartment Properties Real Estate Investment Trust's 3-Year Dividend Growth Rate falls into.


Canadian Apartment Properties Real Estate Investment Trust 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Canadian Apartment Properties Real Estate Investment Trust  (TSX:CAR.UN) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.363/ 0.451
=0.80

During the past 13 years, the highest Dividend Payout Ratio of Canadian Apartment Properties Real Estate Investment Trust was 0.79. The lowest was 0.60. And the median was 0.69.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Canadian Apartment Properties Real Estate Investment Trust Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.1210002024-04-292024-04-302024-05-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1210002024-03-272024-03-282024-04-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1210002024-02-282024-02-292024-03-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1210002024-01-302024-01-312024-02-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1210002023-12-282023-12-292024-01-15Cash DividendmonthlyCAD:CAD 1.324995
CAD 0.1210002023-11-292023-11-302023-12-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1210002023-10-302023-10-312023-11-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1210002023-09-282023-09-292023-10-16Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1210002023-08-302023-08-312023-09-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1210002023-07-282023-07-312023-08-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1210002023-06-292023-06-302023-07-17Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1210002023-05-302023-05-312023-06-15Cash DividendmonthlyCAD:CAD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Canadian Apartment Properties Real Estate Investment Trust's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.491324395/42.85
=3.48 %

Current Share Price is C$42.85.
Canadian Apartment Properties Real Estate Investment Trust's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$1.491324395.

During the past 13 years, the highest Dividend Yield of Canadian Apartment Properties Real Estate Investment Trust was 5.60%. The lowest was 2.20%. And the median was 3.28%.

Good Sign:

Canadian Apartment Properties Real Estate Investment Trust stock dividend yield is close to 5-year high.

* 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 3-Year Dividend Growth Rate Related Terms>

Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) » Definitions » 3-Year Dividend Growth Rate
Comparable Companies
TSX:BEI.UN TSX:KMP.UN TSX:IIP.UN TSX:MHC.U TSX:MI.UN TSX:MRG.UN TSX:NRR.UN TSX:HOM.U TSX:ERE.UN TSX:DRR.U AVB EQR INVH ESS MAA SUI AMH UDR ELS CPT
Traded in Other Exchanges
CDPYF:USA CARUN:Mexico
Address
11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1
Website
https://www.capreit.ca
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

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