Mr. Mark Kenney reports

CAPREIT ANNOUNCES JANUARY 2024 DISTRIBUTION

Canadian Apartment Properties Real Estate Investment Trust today declared its January, 2024, monthly distribution in the amount of 12.084 cents per unit (or $1.45 on an annualized basis). The January, 2024, distribution will be payable on Feb. 15, 2024, to unitholders of record at the close of business on Jan. 31, 2024.

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.