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Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) 5-Year Yield-on-Cost % : 3.68 (As of May. 05, 2024)


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What is Canadian Apartment Properties Real Estate Investment Trust 5-Year Yield-on-Cost %?

Canadian Apartment Properties Real Estate Investment Trust's yield on cost for the quarter that ended in Dec. 2023 was 3.68.


The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's 5-Year Yield-on-Cost % or its related term are showing as below:

TSX:CAR.UN' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.43   Med: 3.62   Max: 6.18
Current: 3.68


During the past 13 years, Canadian Apartment Properties Real Estate Investment Trust's highest Yield on Cost was 6.18. The lowest was 2.43. And the median was 3.62.


TSX:CAR.UN's 5-Year Yield-on-Cost % is ranked worse than
85.18% of 830 companies
in the REITs industry
Industry Median: 7.035 vs TSX:CAR.UN: 3.68

Competitive Comparison of Canadian Apartment Properties Real Estate Investment Trust's 5-Year Yield-on-Cost %

For the REIT - Residential subindustry, Canadian Apartment Properties Real Estate Investment Trust's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Canadian Apartment Properties Real Estate Investment Trust's 5-Year Yield-on-Cost % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Canadian Apartment Properties Real Estate Investment Trust's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Canadian Apartment Properties Real Estate Investment Trust's 5-Year Yield-on-Cost % falls into.



Canadian Apartment Properties Real Estate Investment Trust 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Canadian Apartment Properties Real Estate Investment Trust is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Canadian Apartment Properties Real Estate Investment Trust  (TSX:CAR.UN) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


Canadian Apartment Properties Real Estate Investment Trust 5-Year Yield-on-Cost % Related Terms

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Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Business Description

Traded in Other Exchanges
Address
11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

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