TSX:CAR.UNResidential REITs
Should Falling Revenue and Net Income Prompt Action From Canadian Apartment Properties REIT (TSX:CAR.UN) Investors?
Canadian Apartment Properties Real Estate Investment Trust recently reported its third quarter and nine-month results, with sales declining to CA$252.32 million and CA$760.07 million, and net income falling to CA$26.19 million and CA$108.65 million, respectively, compared to the prior year's figures.
The sharp reduction in both revenue and profit over the periods underscores heightened operational or market pressures affecting the company’s core rental housing business.
We'll examine how...