Mr. Mark Kenney reports

CAPREIT ANNOUNCES TIMING OF YEAR END 2023 RESULTS & CONFERENCE CALL

Canadian Apartment Properties REIT will issue its financial results for the three months and year ended Dec. 31, 2023, after market close on Thursday, Feb. 22, 2024.

A conference call to discuss the results will be hosted by the Canadian Apartment Properties senior management team on Friday, Feb. 23, 2024, at 9 a.m. ET.

The telephone numbers for the conference call are provided herein.

Canadian toll-free:  1-833-950-0062

International:  1-929-526-1599

Access code:  504875

The call will also be webcast live and accessible through the Canadian Apartment Properties website. A replay of the webcast will be available for one year after the webcast at the same website.

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

About Canadian Apartment Properties REIT

Canadian Apartment Properties is Canada's largest publicly traded provider of quality rental housing. As at Sept. 30, 2023, Canadian Apartment Properties owns approximately 64,500 residential apartment suites, townhomes and manufactured home community sites well located across Canada and the Netherlands, with approximately $16.5-billion of investment properties in Canada and Europe.