CAPREIT Renews At-The-Market Equity Program

TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has renewed its at-the-market equity program (the “ATM Program”) allowing CAPREIT to issue units of CAPREIT (“Trust Units”) up to an aggregate sale price of $300 million from treasury to the public from time to time, at its sole discretion. Any Trust Units sold in the ATM Program will be sold directly through the Toronto Stock Exchange (the “TSX”) or on any other permitted marketplace at the prevailing market price at the time of sale.

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