Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 16,724,759 units, representing 9.98% of its issued share capital. Any units purchased under the normal course issuer bid will be cancelled.

The bid will expire on March 24, 2025. As of March 11, 2024, the company had 167,560,401 issued and outstanding units.