Mr. Mark Kenney reports

CAPREIT ANNOUNCES SEPTEMBER 2023 DISTRIBUTION

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) will pay its September, 2023, monthly distribution in the amount of 12.083 cents per unit (or $1.45 on an annualized basis). The September distribution will be payable on Oct. 16, 2023, to unitholders of record on Sept. 29, 2023.

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at June 30, 2023, CAPREIT owns approximately 65,000 residential apartment suites, townhomes and manufactured home community sites well-located across Canada and the Netherlands, with approximately $17-billion of investment properties in Canada and Europe.