Canadian Apartment Properties Real Estate Investment Trust (CAR.UN:CA) Q4 2025 Earnings Call February 13, 2026 9:00 AM EST
Company Participants
Nicole Dolan – Director of Investor Relations
Mark Kenney – CEO, President & Trustee
Stephen Co – Chief Financial Officer
Conference Call Participants
Khing Shan – RBC Capital Markets, Research Division
Michael Markidis – BMO Capital Markets Equity Research
Jonathan Kelcher – TD Cowen, Research Division
Kyle Stanley – Desjardins Securities Inc., Research Division
Bradley Sturges – Raymond James Ltd., Research Division
Sairam Srinivas – ATB Cormark Capital Markets Inc., Research Division
Mario Saric – Scotiabank Global Banking and Markets, Research Division
Matt Kornack – National Bank Financial, Inc., Research Division
Dean Wilkinson – CIBC Capital Markets, Research Division
Presentation
Operator
Hello, everyone, and thank you for joining the Canadian Apartment Property REIT’s Fourth Quarter 2025 Results Conference Call. My name is Claire, and I will be coordinating your call today. [Operator Instructions].
I will now hand over to your host, Nicole Dolan, Investor Relations, to begin. Please go ahead.
Nicole Dolan
Director of Investor Relations
Thank you, operator, and good morning, everyone. Before we begin, let me remind everyone that during our conference call this morning, we may include forward-looking statements about expected future events and the financial and operating results of CAPREIT, which are subject to certain risks and uncertainties. We direct your attention to Slide 2 and our other regulatory filings for important information about these statements.
I will now turn the call over to Mark Kenney, President and CEO.
Mark Kenney
CEO, President & Trustee
Thanks, Nicole, and good morning, everyone. Joining me this morning is Stephen Co, our Chief Financial Officer.
Let’s start on Slide 4 with some key highlights from 2025. This past year, we continued to actively reposition our portfolio, and we met our disposition target by selling more than $400 million of noncore assets





