Mr. Mark Kenney reports

CAPREIT ANNOUNCES MARCH 2024 DISTRIBUTION

Canadian Apartment Properties REIT has declared its March, 2024, monthly distribution in the amount of 12.083 cents per unit (or $1.45 on an annualized basis). The March, 2024, distribution will be payable on April 15, 2024, to unitholders of record at the close of business on March 28, 2024.

About Canadian Apartment Properties REIT

Canadian Apartment is Canada's largest publicly traded provider of quality rental housing. As at Dec. 31, 2023, Canadian Apartment owns approximately 64,300 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. Since its initial public offering in May, 1997, Canadian Apartment has grown monthly cash distributions per unit by 103 per cent.