CDPYF EBIT: $138.7 Mil (TTM As of Mar. 2026)

What is Canadian Apartment Properties Real Estate Investment Trust EBIT?

Canadian Apartment Properties Real Estate Investment Trust CDPYF +2.99% 73 EBIT is $138.7 Mil as of Mar. 2026. GuruFocus rates CDPYF with a GF Score™ of 73/100 and a GF Value™ of $31.61 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Canadian Apartment Properties Real Estate Investment Trust's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-99.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $138.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Canadian Apartment Properties Real Estate Investment Trust's annualized ROC % for the quarter that ended in Mar. 2026 was 3.54%. Canadian Apartment Properties Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -6,877.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Canadian Apartment Properties Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.72%.

Canadian Apartment Properties Real Estate Investment Trust (OTCPK:CDPYF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Canadian Apartment Properties Real Estate Investment Trust's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	408.692 * ( 1 - 0.45% )	/	( (11518.742	+	11486.513)	/ 2 )
=	406.852886	/	11502.6275
=	3.54 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	10969.455	-	104.448	-	( 30.286	-	max(0, 823.199	-	169.464	+	30.286	))
=	11518.742

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	10867.114	-	94.882	-	( 43.872	-	max(0, 899.444	-	185.163	+	43.872	))
=	11486.513

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Canadian Apartment Properties Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-398.096	/	( ( (5.893 + max(-121.484, 0))	+	(5.684 + max(-109.837, 0)) )	/	2 )
=	-398.096	/	( ( 5.893	+	5.684 )	/	2 )
=	-398.096	/	5.7885
=	-6,877.36 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(12.148	+	0	+	126.304)	-	(104.448	+	14.057	+	141.431)
=	-121.484

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(53.12	+	0	+	87.026)	-	(94.882	+	15.137	+	139.964)
=	-109.837

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Canadian Apartment Properties Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	138.697	/	8085.182
	=	1.72 %

* 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 EBIT Related Terms

Canadian Apartment Properties Real Estate Investment Trust EBIT Historical Data

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The historical data trend for Canadian Apartment Properties Real Estate Investment Trust's EBIT can be seen below:

Canadian Apartment Properties Real Estate Investment Trust EBIT Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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1,269.06

124.59

-218.65

376.18

283.43

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
EBIT	Get a 7-Day Free Trial															44.04	85.27	57.55	95.40	-99.52

CDPYF vs AVB, EQR, ESS: EBIT Comparison

For the REIT - Residential subindustry, Canadian Apartment Properties Real Estate Investment Trust's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs REITs Industry

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

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

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73GF Score

Canadian Apartment Properties Real Estate Investment Trust CDPYF

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Canadian Apartment Properties Real Estate Investment Trust EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $138.7 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $138.7 Mil mean?

Canadian Apartment Properties Real Estate Investment Trust (CDPYF) has a EBIT of $138.7 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Canadian Apartment Properties Real Estate Investment Trust.

Is Canadian Apartment Properties Real Estate Investment Trust's EBIT too high?

Canadian Apartment Properties Real Estate Investment Trust's current EBIT is $138.7 Mil. 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 EBIT compare to AVB and EQR?

Canadian Apartment Properties Real Estate Investment Trust's EBIT of $138.7 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a REITs company?

A good EBIT depends on the REITs industry context. However, EBIT 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 EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Canadian Apartment Properties Real Estate Investment Trust. Canadian Apartment Properties Real Estate Investment Trust's current EBIT is $138.7 Mil. 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 $31.61, compared to a current price of $25.12 — trading 20.5% below its estimated fair value. The current EBIT is $138.7 Mil. 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 EBIT calculated?

EBIT is calculated from a company's financial statements. For Canadian Apartment Properties Real Estate Investment Trust (CDPYF), the current EBIT is $138.7 Mil 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 $25.12 is trading 20.5% below its estimated GF Value™ of $31.61. GuruFocus considers Canadian Apartment Properties Real Estate Investment Trust to be Modestly Undervalued.

Key valuation signals for CDPYF:

EBIT: $138.7 Mil
GF Value™: $31.61 vs. price of $25.12 (20.5% 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 Estate REITs

Comparable Companies TSX:BEI.UN TSX:KMP.UN TSX:IIP.UN TSX:MRG.UN TSX:MI.UN TSX:NRR.UN TSX:HOM.U TSX:MHC.U TSX:GO.U TSX:ERE.UN AVB EQR ESS INVH SUI MAA UDR ELS AMH CPT

Other Exchanges 0OJ:Germany CAR.UN:Canada

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. 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

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

$25.12

Price

$31.61

GF Value

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