Mr. Mark Kenney reports

CAPREIT ANNOUNCES TIMING OF SECOND QUARTER 2023 RESULTS & CONFERENCE CALL

Canadian Apartment Properties REIT will issue its financial results for the three and six months ended June 30, 2023, after markets close on Thursday, Aug. 3, 2023.

A conference call to discuss the results will be hosted by the CAPREIT senior management team on Friday, Aug. 4, 2023, at 9 a.m. ET.

The telephone numbers for the conference call are the following.

Canadian toll-free:  833-950-0062

International:  1-929-526-1599

Access code:  960207

The call will also be webcast live and accessible through the CAPREIT website. Click on for investors and follow the link at the top of the page. A replay of the webcast will be available for one year after the webcast at the same link.

The slide presentation to accompany management's comments during the conference call will be available on the CAPREIT website 1-1/2 hours prior to the conference call.

About Canadian Apartment Properties REIT

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at March 31, 2023, CAPREIT owns approximately 66,000 residential apartment suites, townhouses and manufactured home community sites well located across Canada and the Netherlands, with approximately $17-billion of investment properties in Canada and Europe.