CDPYF Intrinsic Value: Projected FCF: $45.37 (As of Sep. 22, 2026)

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Director of Data and Quant Analytics at GuruFocus
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CDPYF Canadian Apartment Properties Real Estate Investment Trust CDPYF
66 GF Score
Price $22.66
GF Value $30.06
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Canadian Apartment Properties Real Estate Investment Trust Intrinsic Value: Projected FCF?

Canadian Apartment Properties Real Estate Investment Trust CDPYF +0.22% 66 Intrinsic Value: Projected FCF is $45.37 as of Sep. 22, 2026. GuruFocus rates CDPYF with a GF Score™ of 66/100 and a GF Value™ of $30.06 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 616 REITs companies, Canadian Apartment Properties Real Estate Investment Trust ranks better than 69.97% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-22), Canadian Apartment Properties Real Estate Investment Trust's Intrinsic Value: Projected FCF is $45.37. The stock price of Canadian Apartment Properties Real Estate Investment Trust is $22.66. Therefore, Canadian Apartment Properties Real Estate Investment Trust's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's Intrinsic Value: Projected FCF or its related term are showing as below:

CDPYF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.49   Med: 0.88   Max: 1.2
Current: 0.5

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Canadian Apartment Properties Real Estate Investment Trust was 1.20. The lowest was 0.49. And the median was 0.88.

CDPYF's Price-to-Projected-FCF is ranked better than
69.97% of 616 companies
in the REITs industry
Industry Median: 0.63 vs CDPYF: 0.50

Canadian Apartment Properties Real Estate Investment Trust  (OTCPK:CDPYF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Canadian Apartment Properties Real Estate Investment Trust's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=22.66/49.584823194218
=0.46

* 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 Intrinsic Value: Projected FCF Related Terms


Canadian Apartment Properties Real Estate Investment Trust Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Canadian Apartment Properties Real Estate Investment Trust's Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.70 50.17 - - -

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF 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 - - - - -

CDPYF vs VMRK, EQR, ESS: Intrinsic Value: Projected FCF Comparison

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

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

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


CDPYF
66GF Score
Canadian Apartment Properties Real Estate Investment Trust CDPYF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canadian Apartment Properties Real Estate Investment Trust Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Canadian Apartment Properties Real Estate Investment Trust's Free Cash Flow(6 year avg) = $310.10.

Canadian Apartment Properties Real Estate Investment Trust's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*310.1042368+5880.7957709251*0.8)/154.421
=49.58

* 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.

What does a Intrinsic Value: Projected FCF of $45.37 mean?
Canadian Apartment Properties Real Estate Investment Trust (CDPYF) has a Intrinsic Value: Projected FCF of $45.37 as of Sep. 22, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Canadian Apartment Properties Real Estate Investment Trust and its competitors. According to the industry distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #185 out of 616 companies in the REITs industry, placing it in the top 30%.
Is Canadian Apartment Properties Real Estate Investment Trust's Intrinsic Value: Projected FCF too high?
Canadian Apartment Properties Real Estate Investment Trust's current Intrinsic Value: Projected FCF is $45.37. The REITs industry median Intrinsic Value: Projected FCF is 0.63. Canadian Apartment Properties Real Estate Investment Trust's value of $45.37 is 7101.6% above this industry median. Based on the distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #185 out of 616 companies in the REITs industry, which is above the industry midpoint. Overall, Canadian Apartment Properties Real Estate Investment Trust has a GF Score™ of 66/100 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 Intrinsic Value: Projected FCF compare to VMRK and EQR?
According to the REITs industry distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #185 out of 616 companies for Intrinsic Value: Projected FCF. This puts Canadian Apartment Properties Real Estate Investment Trust in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.63. Canadian Apartment Properties Real Estate Investment Trust's value of $45.37 is 7101.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.63, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Apartment Properties Real Estate Investment Trust's current Intrinsic Value: Projected FCF of $45.37 is 7101.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Canadian Apartment Properties Real Estate Investment Trust and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.63 — 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 Intrinsic Value: Projected FCF is $45.37. 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 $30.06, compared to a current price of $22.66 — trading 24.6% below its estimated fair value. The current Intrinsic Value: Projected FCF is $45.37 and 7101.6% above the REITs industry median of 0.63. Canadian Apartment Properties Real Estate Investment Trust's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Canadian Apartment Properties Real Estate Investment Trust (CDPYF), the current Intrinsic Value: Projected FCF is $45.37 as of Sep. 22, 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 $22.66 is trading 24.6% below its estimated GF Value™ of $30.06. GuruFocus considers Canadian Apartment Properties Real Estate Investment Trust to be Modestly Undervalued.

Key valuation signals for CDPYF:

  • Intrinsic Value: Projected FCF: $45.37
  • GF Value™: $30.06 vs. price of $22.66 (24.6% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 7101.6% above the REITs median (#185 of 616)

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.
66GF Score

Get the complete analysis for CDPYF

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

$22.66
Price
$30.06
GF Value