Canadian Apartment Properties Real Estate Investment Trust Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'25

Dec'24

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Net Sales

1,003.36

1,112.74

1,065.32

1,009.52

943.00

892.24

785.92

Other Operating Income

0.00

Total Operating income

1,003.36

1,112.74

1,065.32

1,009.52

943.00

892.24

785.92

Raw Material Cost

398.91

443.14

437.29

417.26

399.05

352.26

330.09

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

191.01

220.16

211.66

180.43

143.04

164.62

135.22

Selling and Distribution Expenses

9.52

6.31

7.82

-3.41

0.00

Other Expenses

-16.47

-20.77

-17.30

-27.44

-15.30

-12.29

-8.40

Total Expenditure (Excl Depreciation)

434.72

461.88

483.75

319.91

389.12

393.97

381.33

Operating Profit (PBDIT) excl Other Income

568.6

650.9000000000001

581.5999999999999

689.5999999999999

553.9

498.29999999999995

404.6

Other Income

-65.96

-160.01

53.38

-23.61

-4.06

7.82

41.36

Operating Profit (PBDIT)

509.10

497.21

641.15

673.46

558.68

514.39

452.97

Interest

191.01

220.16

211.66

180.43

143.04

164.62

135.22

Exceptional Items

-97.15

61.50

-911.33

-482.61

1,048.74

595.86

883.63

Gross Profit (PBDT)

598.04

663.24

621.83

584.80

535.09

531.67

448.82

Depreciation

6.41

6.36

6.21

7.46

8.86

8.30

7.02

Profit Before Tax

214.52

332.18

-488.05

2.96

1,455.52

937.32

1,194.37

Tax

17.47

39.44

-76.48

-10.03

81.18

28.56

22.36

Provisions and contingencies

0.00

Profit After Tax

197.05

292.74

-411.57

13.64

1,392.80

925.93

1,195.45

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

197.05

292.74

-411.57

13.64

1,392.80

925.93

1,195.45

Share in Profit of Associates

0.00

Minority Interest

0.00

Other related items

0.00

Consolidated Net Profit

197.05

292.74

-411.57

13.64

1,392.80

925.93

1,195.45

Equity Capital

0.00

Face Value

0.0

Reserves

8,761.20

9,027.31

9,278.59

10,003.69

10,399.89

9,273.70

8,403.90

Earnings per share (EPS)

1.24

1.74

-2.43

0.08

8.0

0.0

Diluted Earnings per share

1.24

1.74

-2.43

0.08

8.0

0.0

Operating Profit Margin (Excl OI)

56.67%

58.49%

54.59%

68.31%

58.74%

55.84%

51.48%

Gross Profit Margin

22.02%

30.42%

-45.23%

1.03%

155.29%

105.98%

152.86%

PAT Margin

19.64%

26.31%

-38.63%

1.35%

147.7%

103.78%

152.11%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2025 is -9.82% vs 4.45% in Dec 2024

Consolidate Net Profit

YoY Growth in year ended Dec 2025 is -32.66% vs 171.11% in Dec 2024

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2025 is -12.49% vs 11.81% in Dec 2024

Interest

YoY Growth in year ended Dec 2025 is -13.26% vs 4.02% in Dec 2024

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2025 has fallen from Dec 2024

Compare Annual Results Of Canadian Apartment Properties Real Estate Investment Trust With

Select Peers

Figures in Million

Consolidate Annual Results

Change(CAD)

Change(%)

Net Sales

1,003.36

1,482.19

-478.83

-32.31%

Other Operating Income

0.00

Total Operating income

1,003.36

1,482.19

-478.83

-32.31%

Raw Material Cost

398.91

685.77

-286.86

-41.83%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

27.99

-27.99

-100.00%

Power Cost

0.00

Manufacturing Expenses

191.01

277.88

-86.87

-31.26%

Selling and Distribution Expenses

9.52

28.12

-18.60

-66.15%

Other Expenses

-16.47

-25.99

9.52

36.63%

Total Expenditure (Excl Depreciation)

434.72

759.87

-325.15

-42.79%

Operating Profit (PBDIT) excl Other Income

568.65

722.32

-153.67

-21.27%

Other Income

-65.96

0.00

-65.96

Operating Profit (PBDIT)

509.10

740.31

-231.21

-31.23%

Interest

191.01

277.88

-86.87

-31.26%

Exceptional Items

-97.15

-138.21

41.06

29.71%

Gross Profit (PBDT)

598.04

794.91

-196.87

-24.77%

Depreciation

6.41

1.51

4.90

324.50%

Profit Before Tax

214.52

306.23

-91.71

-29.95%

Tax

17.47

0.00

17.47

Provisions and contingencies

0.00

Profit After Tax

197.05

69.30

127.75

184.34%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

197.05

69.30

127.75

184.34%

Share in Profit of Associates

0.00

Minority Interest

0.00

Other related items

0.00

Consolidated Net Profit

197.05

69.30

127.75

184.34%

Equity Capital

0.00

Face Value

0.00

Reserves

8,761.20

7,157.26

1,603.94

22.41%

Earnings per share (EPS)

1.24

0.23

1.01

439.13%

Diluted Earnings per share

1.24

0.23

1.01

439.13%

Operating Profit Margin (Excl OI)

56.67%

48.73%

0.00

7.94%

Gross Profit Margin

22.02%

20.76%

0.00

1.26%

PAT Margin

19.64%

4.68%

0.00

14.96%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 100.34 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is -9.82% vs 4.45% in Dec 2024

Annual - Consolidate Net Profit

Consolidate Net Profit 19.71 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is -32.66% vs 171.11% in Dec 2024

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 57.51 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is -12.49% vs 11.81% in Dec 2024

Annual - Interest

Interest 19.10 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is -13.26% vs 4.02% in Dec 2024

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 56.67%

in Dec 2025

Figures in %

YoY Growth in year ended Dec 2025 has fallen from Dec 2024