TSX:CAR.UNResidential REITs
A Look At Canadian Apartment Properties REIT’s Valuation After CEO Leadership Transition
Leadership transition and recent news
Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) has drawn attention after announcing that long serving CEO and President Mark Kenney will retire. Industry veteran Brad Cutsey is set to assume those roles and join the board.
The leadership change, which follows a formal search supported by an external advisory firm, comes shortly after the REIT reported a first quarter net loss and reaffirmed its monthly cash distribution to...