On May 15, 2025, Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) announced an at-the-market (ATM) equity offering of up to $300 million in trust units. The offering will be conducted pursuant to an equity distribution agreement with TD Securities Inc., which will act as sales agent. The units will be sold directly on the Toronto Stock Exchange (TSX) or other recognized Canadian marketplaces at prevailing market prices, meaning pricing may vary throughout the offering period. CAPREIT will pay TD Securities a commission of up to 2.0% of gross proceeds per placement notice. Legal counsel for CAPREIT is Torys LLP, while Osler, Hoskin & Harcourt LLP represents TD Securities.

Proceeds from the offering are intended to support future investments, debt repayment, and general business purposes. However, due to the nature of an ATM distribution, there is no certainty regarding the total capital that will be raised. The TSX has conditionally approved the listing of the new units. As of May 13, 2025, 158,624,722 units were outstanding, and the closing unit price on May 14, 2025, was $41.24.