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Derived from payout historyIncome reliability
Monthly income profile is visible
CAR-UN.TO has an income profile aligned with its reit role. Provider data shows 11 recent payout records.
Market dataIncome framework read
REITTSXCanada
CAR-UN.TO
Canadian Apartment Properties REIT
Real EstateREIT distributionMonthly
Market Snapshot
$31.15
-$0.16 (-0.51%)
Toronto
Yield
4.99%
Rate $1.55
Next Payment
—
Ex-date 2026-09-29
52wk Position
2.63%
-23.61% below high
Updated —
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $12.92
- APR
- 0.415
- Coverage
- 0.415
Broken. The dividend no longer covers the target print rate. Top up shares or lower the target print rate.
Price Creep
Defended price ceiling
- Max defended
- $12.92
- Cushion
- -$18.23
- Cushion %
- -58.53%
Current $31.15Break $12.92
Smart Recommendation
CAR-UN.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Strong
5mo agoDRIP availability
Available
5mo agoTax character
Distribution / ROC
5mo agoDistribution history
Multi-decade
5mo agoStructure complexity
Simple
5mo agoIncome trend
Growing
5mo agoAccount suitability
RRSP / RRIF optimal
5mo agoStructure Overview
Canadian Apartment Properties REIT (CAR.UN) is Canada's largest residential REIT, owning apartment buildings and manufactured home communities primarily in major urban markets. CAR.UN has grown its distribution consistently over multiple decades and benefits from Canada's structural rental housing shortage. Residential exposure provides defensive distribution characteristics compared to commercial REITs.
Canadian Planning Notes
- 1CAR.UN's residential focus provides lower lease rollover risk than commercial REITs; apartment leases typically renew annually, allowing rents to adjust toward market rates.
- 2REIT distributions include ROC components; RRSP or RRIF placement is tax-optimal for Canadians holding CAR.UN.
- 3DRIP is available; verify whether your broker's plan reinvests at a discount or at market.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
TFSA
REIT distributions can mix income, capital gains, eligible dividends, and return of capital. Sheltering the holding avoids annual T3 complexity.
RRSP: Also shelters distribution complexity when TFSA room is limited.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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Related Holdings
This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.