CAPREIT named one of the World's Most Trustworthy Companies 2026. CAPREIT is proud to announce its recognition as one of Newsweek and Statista's World's Most Trustworthy Companies 2026, ranking among the Top 5 Real Estate & Housing companies globally. The recognition highlights organizations that have earned the confidence of the people who matter most, including customers, employees, and investors. For CAPREIT, it reflects its ongoing commitment to creating exceptional resident experiences, fostering a strong workplace culture, and delivering long-term value to its stakeholders. A global recognition of trust. The World's Most Trustworthy Companies ranking evaluates publicly listed companies with revenues exceeding USD $500 million across 20 countries. The 2026 ranking was determined through a comprehensive methodology that included: * An evaluation of eligible publicly listed companies across 20 countries * An extensive survey of 65,000 residents who provided more than 200,000 company evaluations * Assessment of trust across three key dimensions: Customer Trust, Investor Trust, and Employee Trust * A social listening analysis of more than 320,000 public online mentions, examining sentiment, reach, virality, and overall public perception CAPREIT's placement among the Top 5 Real Estate & Housing companies worldwide demonstrates the strength of the trust Capreit has built with residents, employees, investors, and communities. Trust at the heart of what Capreit do. At CAPREIT, trust is more than a business metric. It is the foundation of every relationship Capreit build and every decision Capreit make. From providing quality homes and responsive service to supporting its employees and creating vibrant communities, Capreit is committed to earning trust through action, accountability, and care. This recognition reflects the dedication of its teams, whose hard work, professionalism, and resident-first mindset help create positive experiences and strong communities from coast to coast. A shared achievement. Capreit extend its sincere thanks to its residents, employees, investors, partners, and communities for the confidence they place in CAPREIT. Being recognized as one of the World's Most Trustworthy Companies is an honour, and Capreit remain committed to earning that trust through exceptional service, responsible growth, and a steadfast focus on the people Capreit serve. Thank you for being part of the CAPREIT story.

CAPREIT announces appointment of James Lawrence as Chief Operating Officer. For Immediate Release This news release constitutes a "designated news release" for the purposes of CAPREIT's prospectus supplement dated May 15, 2025, to its short form base shelf prospectus dated May 15, 2025. Not for distribution to U.S. newswire services or for dissemination in the United States. Former CBRE Canada Property Management COO joins CAPREIT to strengthen operational performance and support long-term growth. Toronto, Ontario, Aug. 26, 2026 (GLOBE NEWSWIRE) - Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX:CAR.UN) is pleased to announce the appointment of James Lawrence as Chief Operating Officer ("COO"), effective September 1, 2026. In this position, Mr. Lawrence will focus on strengthening CAPREIT's operating platform by advancing process standardization, technology enablement, and a people-first approach to operational excellence. Mr. Lawrence brings more than 25 years of deep real estate experience and proven leadership, most recently serving as Chief Operating Officer for CBRE's Property Management business in Canada. In this role, Mr. Lawrence was responsible for evolving the operating model and executing planned investments to support further growth in the area. Mr. Lawrence holds an Honours degree in Biological Science from the University of Guelph, a Master of Management and Professional Accounting from the Joseph L. Rotman School of Management at the University of Toronto, and holds his Chartered Professional Accountant (CPA, CA) designation. "James has an impressive track record of bringing together people, technology and processes to enhance performance and operational excellence. That experience is highly complementary to the breadth of expertise in place across CAPREIT's senior leadership team, and will be an invaluable asset as we move forward and continue to build on CAPREIT's success," commented Brad Cutsey, CAPREIT's President and Chief Executive Officer. ABOUT CAPREIT CAPREIT is Canada's largest publicly traded provider of quality rental housing. As at June 30, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 100 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.4 billion (excluding approximately $216 million of assets held for sale). For more information about CAPREIT, its business and its investment highlights, please visit its website at www.capreit.ca and its public disclosures which can be found under its profile at www.sedarplus.ca. CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this press release constitute forward-looking information within the meaning of applicable Canadian securities laws, which reflect CAPREIT's current expectations and projections about future results. Forward-looking information generally can be identified by the use of forward-looking terminology such as "outlook", "objective", "may", "will", "expect", "intent", "estimate", "anticipate", "believe", "consider", "should", "plans", "predict", "estimate", "forward", "potential", "could", "likely", "approximately", "scheduled", "forecast", "variation" or "continue", or similar expressions suggesting future outcomes or events. The forward-looking information in this press release relates only to events or information as of the date on which the statements are made in this press release. Actual results and developments may differ, and may differ materially, from those expressed or implied by the forward-looking information contained in this press release. Any number of factors could cause actual results to differ materially from this forward-looking information. Although CAPREIT believes that the expectations reflected in forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Such forward-looking information is based on a number of assumptions that may prove to be incorrect, including with regards to the expected future performance of the acquisitions. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information in this press release is subject to certain risks and uncertainties, many of which are beyond CAPREIT's control, which could result in actual results differing materially from this forward-looking information. These risks and uncertainties include, but are not limited to, the risks and uncertainties described under the heading "Risks and Uncertainties" in CAPREIT's 2025 Annual Report and under the heading "Risk Factors" in CAPREIT's Annual Information Form for the year ended December 31, 2025, each of which is available under CAPREIT's profile on SEDAR+ at www.sedarplus.ca. Except as specifically required by applicable Canadian securities laws, CAPREIT does not undertake any obligation to update or revise publicly any forward-looking information, whether as a result of new information, future events or otherwise, after the date on which the information is provided or to reflect the occurrence of unanticipated events. This forward-looking information should not be relied upon as representing CAPREIT's views as of any date subsequent to the date of this press release. Mr. Brad Cutsey President & Chief Executive Officer (416) 861-9404