TORONTO, Oct. 17, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX – CAR.UN) announced today its October 2022 monthly distribution in the amount of $0.12084 per Unit (or $1.45 on an annualized basis). The October distribution will be payable on November 15, 2022 to Unitholders of record on October 31, 2022. CAPREIT is Canada's largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in approximately 67,000 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada and the Netherlands with approximately $18 billion of assets under management globally. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 103%.