CDPYF Dividend Payout Ratio: 0.71 (As of Mar. 2026) — Near Median

What is Canadian Apartment Properties Real Estate Investment Trust Dividend Payout Ratio?

Canadian Apartment Properties Real Estate Investment Trust CDPYF +2.99% 73 Dividend Payout Ratio is 0.71 as of Mar. 2026, which is 4% below its 10-year median of 0.74. 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. Among 718 REITs companies, Canadian Apartment Properties Real Estate Investment Trust ranks better than 74.09% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.71.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Canadian Apartment Properties Real Estate Investment Trust is 0.72, which seems too high.

The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio or its related term are showing as below:

CDPYF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.6 Med: 0.74 Max: 0.89
Current: 0.72

During the past 13 years, the highest Dividend Payout Ratio of Canadian Apartment Properties Real Estate Investment Trust was 0.89. The lowest was 0.60. And the median was 0.74.

CDPYF's Dividend Payout Ratio is ranked better than
74.09% of 718 companies
in the REITs industry
Industry Median: 0.99 vs CDPYF: 0.72

As of today (2026-06-27), the Dividend Yield % of Canadian Apartment Properties Real Estate Investment Trust is 4.47%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Canadian Apartment Properties Real Estate Investment Trust was 4.66%. The lowest was 2.20%. And the median was 3.06%.

Canadian Apartment Properties Real Estate Investment Trust's Dividends per Share for the months ended in Mar. 2026 was $0.28.

During the past 12 months, Canadian Apartment Properties Real Estate Investment Trust's average Dividends Per Share Growth Rate was 4.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.10% 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 2.40% per year.

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 2.10% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Canadian Apartment Properties Real Estate Investment Trust (OTCPK:CDPYF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Canadian Apartment Properties Real Estate Investment Trust Dividend Payout Ratio Related Terms

Canadian Apartment Properties Real Estate Investment Trust Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.72

0.66

0.89

0.77

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
Dividend Payout Ratio	Get a 7-Day Free Trial															1.18	0.61	1.10	0.63	0.71

CDPYF vs AVB, EQR, ESS: Dividend Payout Ratio Comparison

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

For the REITs industry and Real Estate sector, Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio falls into.

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73GF Score

Canadian Apartment Properties Real Estate Investment Trust CDPYF

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Canadian Apartment Properties Real Estate Investment Trust Dividend Payout Ratio Calculation

Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.123	/	1.465
	=	0.77

Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.282	/	0.4
	=	0.71

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.71 mean?

Canadian Apartment Properties Real Estate Investment Trust (CDPYF) has a Dividend Payout Ratio of 0.71 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Canadian Apartment Properties Real Estate Investment Trust and its competitors. This is near median its historical median of 0.74. Over the past decade, Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio has ranged from 0.60 to 0.89. According to the industry distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #186 out of 718 companies in the REITs industry, placing it in the top 25.9%.

Is Canadian Apartment Properties Real Estate Investment Trust's Dividend Payout Ratio too high?

Canadian Apartment Properties Real Estate Investment Trust's current Dividend Payout Ratio of 0.71 is near median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 0.89. The REITs industry median Dividend Payout Ratio is 0.99. Canadian Apartment Properties Real Estate Investment Trust's value of 0.71 is 28.3% below this industry median. Based on the distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #186 out of 718 companies in the REITs industry, which is above the industry midpoint. 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 Dividend Payout Ratio compare to AVB and EQR?

According to the REITs industry distribution chart, Canadian Apartment Properties Real Estate Investment Trust ranks #186 out of 718 companies for Dividend Payout Ratio. This puts Canadian Apartment Properties Real Estate Investment Trust in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Canadian Apartment Properties Real Estate Investment Trust's value of 0.71 is 28.3% below this benchmark. Historically, Canadian Apartment Properties Real Estate Investment Trust's own Dividend Payout Ratio has ranged from 0.60 to 0.89 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 0.99, Canadian Apartment Properties Real Estate Investment Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio of 0.71 is 28.3% below 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Canadian Apartment Properties Real Estate Investment Trust and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — 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 Dividend Payout Ratio is 0.71, which is near median its own 10-year median of 0.74. 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 Dividend Payout Ratio is 0.71, which is near median its 10-year median of 0.74 and 28.3% below the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Canadian Apartment Properties Real Estate Investment Trust (CDPYF), the current Dividend Payout Ratio is 0.71 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:

Dividend Payout Ratio: 0.71 (near median its 10-year median of 0.74)
GF Value™: $31.61 vs. price of $25.12 (20.5% below fair value)
GF Score™: 73/100 with 8 warning signs
Industry Position: 28.3% below the REITs median (#186 of 718)

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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Dividend Payout Ratio 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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