Overview

* CAPREIT Q3 revenue beats analyst expectations despite a decline from last year

* Net operating income for Q3 falls compared to last year

* Company repurchased 0.6 mln Trust Units under NCIB program

Outlook

* CAPREIT did not provide specific future guidance in the statement

Result Drivers

* CAPITAL RECYCLING - CAPREIT's capital recycling program involved selling non-core properties and reinvesting in high-quality Canadian properties, improving performance

* NCIB PROGRAM - CAPREIT repurchased 0.6 mln Trust Units under the NCIB program, enhancing returns and supporting FFO per unit growth

* COST REDUCTION - CAPREIT's cost reduction initiatives contributed to the expansion of same property NOI margin

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat C$252.32 C$247.20

Revenue mln mln (1

Analyst)

Q3 NOI C$167.82

mln

Q3 NOI 66.50%

Margin

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)