Mr. Mark Kenney reports

CAPREIT ANNOUNCES RELEASE OF 2025 ESG REPORT

Canadian Apartment Properties Real Estate Investment Trust has released its seventh annual environmental, social and governance (ESG) report, providing an overview of its ESG strategies, policies and commitments, and outlining the progress made in 2025.

Highlights from CAPREIT's 2025 ESG report include:

• Recognized as one of Canada's Best Employers in 2025 by Mercer;
• Ranked 12th overall in The Globe and Mail's Board Games with a score of 95/100, reflecting strong governance practices;
• Transferred $113-million in properties to non-profit organizations and affordable housing programs to help preserve long-term affordability;
• Invested nearly $30-million in energy-saving, resiliency and decarbonization initiatives across the portfolio;
• Achieved a 9-per-cent reduction in per-suite energy use intensity compared with 2019;
• Donated over $500,000 to charitable initiatives through CAPGiving, supporting communities across Canada;
• Achieved a 7.3/10 resident satisfaction score, reflecting continued focus on resident experience;
• Advanced employee engagement and development through enhanced benefits, expanded mental health coverage, and new training and leadership programs;
• Conducted a physical climate-related risk scenario analysis to assess exposure to climate hazards and inform long-term planning and adaptation efforts.

"Our 2025 ESG report highlights the meaningful steps we're taking to strengthen our portfolio, support our residents and communities, and embed sustainability considerations into how we operate," said Mark Kenney, president and chief executive officer. "This year, we advanced key initiatives to improve energy-efficiency, expanded our contributions to affordable housing through strategic partnerships, and continued to invest in our people to foster a culture of engagement and excellence. We've also enhanced our approach to assessing climate-related risks, reinforcing our focus on long-term resilience. Together, these efforts position us to deliver lasting value for our investors while contributing positively to the communities we serve. We encourage stakeholders to review our 2025 ESG report to learn more about our progress and ongoing commitments."

About Canadian Apartment Properties Real Estate Investment Trust

CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at Dec. 31, 2025, CAPREIT owns approximately 45,500 residential apartment suites and townhomes (excluding approximately 400 suites classified as assets held for sale), that are well located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.7-billion (excluding approximately $100-million of assets held for sale).