DoraDalton/iStock via Getty Images Summary Our initial report rated Canadian Apartment Properties Real Estate Investment Trust (CAR.UN:CA / CDPYF) a Hold. While we liked its portfolio and Canadian multifamily as an asset class, we didn't see an attractive margin of safety. This report gives an overview of CAPREIT's Q4 2023 results and our revised target price. Despite continued strong financial performance, we continue to believe the units do not offer an attractive return profile at this time. We also cont ...