CAP REIT (CAR_U.TO) 2016年年度报告「TSX」.pdf

1、CAPREIT APARTMENTS ALWAYS MAKE MONEYBUILDING A WORLD-CLASS PORTFOLIOCAPREIT 2016 ANNUAL REPORTCanadian Apartment Properties Real Estate Investment Trust(“CAPREIT”)is a growth-oriented investment trust owning interests in multi-unit residential complexes,including apartment buildings,townhomes and ma

2、nufactured home communities(“MHC”),principally located in or near major urban centres across Canada.CAPREIT PROFILEAbout the Photographer:Jose Valenzuela has been an architec-tural photographer since 2007,focus-ing primarily on residential and commercial property.Jose has produced high-quality image

3、s for industry award submissions,the CAPREIT website and internal communications of company events.He is currently employed in the Corporate Services department at CAPREIT,and for the past eight years has also worked closely with the companys Human Resources,Operations and Marketing teams.Highlights

4、 Acquired 2,552 residential suites and sites for total costs of$412.9 million,further strengthen-ing and diversifying the portfolio Revenues,Net Operating Income(“NOI”)and Normalized Funds From Operations(“NFFO”)at record levels,driven by strong occupancies,increased same-property average monthly re

5、nts and acquisitions Average monthly rents on stabilized residential properties up 3.3%,with strong 98.7%occupancy Same-property NOI up 3.3%,our eleventh consecutive year of strong organic growth NFFO up 15.9%,with NFFO per Unit up an accretive 4.7%Named one of Canadas Fifty Best Employers for the f

6、ourth year in a rowObjectives To provide Unitholders with long-term,stable and predictable monthly distributions;To grow NFFO,sustainable distri-butions and Unit value through the active management of our proper-ties,accretive acquisitions and strong financial management;and To reinvest capital with