Investor Relations

Automotive Properties REIT offers a unique opportunity to invest in a portfolio of best-in-class urban properties underlying Canadian automotive and OEM dealership and service businesses, representing leading brands. The primary objective of the REIT is to create long-term value for Unitholders by generating sustainable tax-efficient cash flow and capital appreciation.

Investment Highlights

The REIT’s properties are located in urban areas that are specifically zoned for automotive retail / OEM sales and service use. A defensive asset class, these properties represent a strategic and fundamental part of automotive and OEM brand and distribution networks.

In 2023, the Canadian automotive retail industry generated sales of approximately $211 billion, representing approximately 27% of Canada’s overall retail sales of products and merchandise. The industry has a track record of strong sales and profit margins.

The REIT’s portfolio consists of 78 income-producing properties, located on approximately 255 acres, representing approximately 2.9 million square feet of gross leasable area. The properties are generally located in urban centres along major transportation arteries with high visibility and convenient access, and meet or exceed the latest automotive and OEM standards.

The REIT is well-positioned to capitalize on growth opportunities, including (i) accretive acquisitions from third parties; (ii) accretive acquisitions from the Dilawri Group; and (iii) contractual annual rent increases. The fragmented nature of the Canadian automotive and OEM dealership and service industry is expected to provide the REIT with a significant pipeline of acquisition opportunities.

With combined revenues of approximately $5.0 billion in 2023, the REIT’s lead tenant, the Dilawri Group, is the largest automotive dealership group in Canada, representing virtually every major automotive brand. The interests of the REIT and Dilawri are strategically aligned through Dilawri’s 31.3% effective interest in the REIT.

The REIT’s portfolio has a weighted average lease term of approximately 9.1 years (as at September 30, 2024). The majority of the REIT’s leases are structured as triple-net leases under which the tenant is responsible for all costs relating to repair and maintenance, realty taxes, property insurance, utilities and non-structural capital improvements. Certain properties within the portfolio are net leases, which share many of the same characteristics as triple-net leases, but the REIT is responsible for certain structural improvements. All leases include fixed or CPI-linked rent escalators, providing for consistent revenue growth.

The REIT is currently paying monthly cash distributions of $0.067 per Unit, representing $0.80 per Unit on an annualized basis.

The REIT’s President and Chief Executive Officer, Milton Lamb, has over 25 years of experience in the commercial real estate industry and Chief Financial Officer, Andrew Kalra, has over 20 years of experience in finance, including more than 14 years of experience in the automotive industry. The REIT’s Board, the majority of whom are independent, has extensive collective experience in the automotive and real estate industries, capital markets and corporate governance.

Portfolio Diversification by Gross Leasable Area

As at December 31, 2023

News Releases

Recent News

December 16, 2024

Automotive Properties REIT Announces December 2024 Distribution and Special Distribution

− NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES −

TORONTO, Dec. 16, 2024 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the "REIT") today announced its regular monthly cash distribution to REIT unitholders ("Unitholders") for December 2024 (the "Regular Distribution") and a special distribution to Unitholders of $0.55 per REIT unit (the "Special Distribution").

The Regular Distribution of $0.067 per REIT unit ("Unit") for the ...

November 25, 2024

Automotive Properties REIT Completes Acquisition of Heavy Construction Dealership Properties in Greater Montreal for a Purchase Price of $25.4 Million

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, Nov. 25, 2024 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") announced today the completion of its previously announced acquisition of two heavy construction equipment dealership properties in the Greater Montreal Area (the "Greater Montreal Properties") for a purchase price of approximately $25.4 million.

The Greater Montreal Properties consist of: i) a ...

November 15, 2024

Automotive Properties REIT Announces November 2024 Distribution

November 14, 2024

Automotive Properties REIT Reports Financial Results for Third Quarter of 2024

October 31, 2024

Automotive Properties REIT Announces Agreements to Acquire One Automotive Property in Tampa and Two Construction Equipment Dealership Properties in Greater Montreal

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Stock Information

Automotive Properties REIT is listed on the Toronto Stock Exchange under the symbol APR.UN.

TSX:APR.UN

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Investment Highlights

The REIT’s properties are located in urban areas that are specifically zoned for automotive retail / OEM sales and service use. A defensive asset class, these properties represent a strategic and fundamental part of automotive and OEM brand and distribution networks.

In 2023, the Canadian automotive retail industry generated sales of approximately $211 billion, representing approximately 27% of Canada’s overall retail sales of products and merchandise. The industry has a track record of strong sales and profit margins.

The REIT is currently paying monthly cash distributions of $0.067 per Unit, representing $0.80 per Unit on an annualized basis.

Portfolio Diversification by Gross Leasable Area

News Releases

Recent News

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Stock Information

Automotive Properties REIT is listed on the Toronto Stock Exchange under the symbol APR.UN.

TSX:APR.UN

Current stock data (delayed, CDN$).

More information about APR.UN

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