Mr. Mark Kenney reports

CAPREIT ANNOUNCES TIMING OF FIRST QUARTER 2025 RESULTS & CONFERENCE CALL

Canadian Apartment Properties REIT will issue its financial results for the three months ended March 31, 2025, after markets close on Thursday, May 8, 2025.

A conference call to discuss the results will be hosted by the REIT senior management team on Friday, May 9, 2025, at 9 a.m. ET.

The telephone numbers for the conference call are as follows.

Canadian toll-free:  1-833-950-0062

International:  1-929-526-1599

Access code:  506253

The call will also be webcast live and accessible through the Canadian Apartment website; click on "for investors" and follow the link at the top of the page. A replay of the webcast will be available for one year after the webcast at the same link.

The slide presentation to accompany senior management's comments during the conference call will be available on the Canadian Apartment website 1.5 hours prior to the conference call.

For more information about the REIT, its business and its investment highlights, please refer to the REIT's website and the REIT's public disclosures on SEDAR+.

About Canadian Apartment Properties REIT

Canadian Apartment is Canada's largest publicly traded provider of quality rental housing. As at Dec. 31, 2024, Canadian Apartment owns approximately 46,900 residential apartment suites and townhomes (excluding approximately 1,800 suites and sites classified as assets held for sale) that are well located across Canada and the Netherlands, with a total fair value of approximately $14.9-billion, excluding approximately $300-million of assets held for sale.