Canadian Apartment Properties Real Estate Investment Trust (CAR.UN:CA) Q4 2025 Earnings Call Transcript

SA Transcripts158.38K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call 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 RelationsMark Kenney - CEO, President & TrusteeStephen Co - Chief Financial Officer Conference Call Participants Khing Shan - RBC Capital Markets, Research DivisionMichael Markidis - BMO Capital Markets Equity ResearchJonathan Kelcher - TD Cowen, Research DivisionKyle Stanley - Desjardins Securities Inc., Research DivisionBradley Sturges - Raymond James Ltd., Research DivisionSairam Srinivas - ATB Cormark Capital Markets Inc., Research DivisionMario Saric - Scotiabank Global Banking and Markets, Research DivisionMatt Kornack - National Bank Financial, Inc., Research DivisionDean 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 DolanDirector 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 KenneyCEO, 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