The company has reinvested C$176.6 million into its buyback initiative, a move driven by the persistent gap between the trust’s trading price and the underlying value of its apartment portfolio. While the divestment strategy moves forward, operational metrics show a slight cooling in demand. Occupancy rates dipped to 96.9% in July from a peak of 98% in May 2025.

Despite the minor softening in occupancy, revenue per unit continues to climb. Average monthly rent rose to C$1,607 between April and May, marking an increase from the C$1,554 recorded in the second quarter of last year. Management remains optimistic about the Alberta market, citing a robust provincial economy that supports both rental growth and long-term affordability.