Dr. Gina Parvaneh Cody reports

CAPREIT ANNOUNCES APPOINTMENT OF NEW BOARD MEMBER

Canadian Apartment Properties Real Estate Investment Trust has appointed Francine Moore as a member of CAPREIT's board of trustees effective Nov. 7, 2025.

Ms. Moore, CPA, CA, ICD.D, has over 25 years of experience in the real estate industry. Ms. Moore was the president of Homestead Land Holdings Ltd. from 2001 until her retirement in January, 2025. Prior to that, Ms. Moore was the chief financial officer of Homestead Land Holdings Ltd. from 1997 to 2001. Prior to joining Homestead Land Holdings Ltd., Ms. Moore was the director of finance of Strathcona Paper Company, a division of Roman Corp. Ltd., and manager at Thorne Ernst and Whinney. She previously served two terms on the board of REALPAC, was a member of the Mayor's Task Force on Housing, City of Kingston, and served on the Kingston General Hospital audit committee. She is a member of the Chartered Professional Accountants of Ontario and holds the Institute of Corporate Directors, director designation (ICD.D) from the Institute of Corporate Directors. She also holds a bachelor of business administration degree from York University.

"We are thrilled to have Francine join the board of trustees. Francine's extensive real estate experience and financial expertise will provide incredible value to CAPREIT," commented Gina Parvaneh Cody, chair of the board of trustees of CAPREIT.

About Canadian Apartment Properties REIT

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at Sept. 30, 2025, CAPREIT owned approximately 45,000 residential apartment suites and townhomes that are well located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.5-billion.

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