Mr. Mark Kenney reports

CAPREIT ANNOUNCES APRIL 2024 DISTRIBUTION

Canadian Apartment Properties REIT has declared its April, 2024, monthly distribution in the amount of 12.084 cents per unit (or $1.45 on an annualized basis). The April, 2024, distribution will be payable on May 15, 2024, to unitholders of record at the close of business on April 30, 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.