CAPREIT Reports Continued Growth and Strong Operating Performance in First Quarter of 2021
SUMMARY OF Q1- 2021 RESULTS OF OPERATIONS Strong Operating Results CAPREIT has maintained a very high level of rent collection, with over 99% of rents collected year to date On turnovers, monthly residential rents for the three months ended March 31, 2021 increased by 3.4% on 4.4% of the Canadian portfolio, compared to an increase of 13.5% on 3.3% of the Canadian portfolio for the three months ended March 31, 2020. The reduced increases are primarily due to the impact of the COVID-19 pandemic on the overall rental market. On renewals, monthly residential rents for the three months ended March...