Tranche Update on Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN)'s Equity Buyback Plan announced on March 21, 2023.

From October 1, 2023 to December 31, 2023, the company has repurchased 0 shares, representing 0% for CAD 0 million. With this, the company has completed the repurchase of 570,968 shares, representing 0.33% for CAD 26.74 million under the buyback announced on March 21, 2023.