Investor Relations

Automotive Properties REIT offers a unique opportunity to invest in a portfolio of best-in-class properties underlying Canadian automotive dealerships, representing leading automotive brands ranging from the mass-market to the ultra-luxury segment. 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 automotive dealership properties are located in urban areas that are specifically zoned for automotive retail use. A defensive asset class, these properties represent a strategic and fundamental part of the automotive manufacturers’ brand and distribution network.

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 76 income-producing properties, located on approximately 243 acres, representing approximately 2.8 million square feet of gross leasable area. The properties are generally located along major transportation arteries with high visibility and convenient consumer access, and meet or exceed the latest automotive manufacturers’ 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 dealership industry is expected to provide the REIT with a significant pipeline of acquisition opportunities in the future.

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). 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. The REIT’s property leases include contractual rent increases, 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

November 15, 2024

Automotive Properties REIT Announces November 2024 Distribution

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

TORONTO, Nov. 15, 2024 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the "REIT") today announced a cash distribution of $0.067 per REIT unit for the month of November 2024, representing $0.80 per REIT unit on an annualized basis. Payment will be made on December 16, 2024 to unitholders of record as at November 29, 2024.

About Automotive ...

Read More

November 14, 2024

Automotive Properties REIT Reports Financial Results for Third Quarter of 2024

TORONTO, Nov. 13, 2024 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") today announced its financial results for the three-month ("Q3 2024") and nine-month ("YTD 2024") periods ended September 30, 2024.

"We generated continued growth in rental revenue, Cash NOI and AFFO per Unit in the quarter, supported by the fixed and CPI-linked annual rent increases built into our leases," said Milton Lamb, CEO of Automotive ...

October 31, 2024

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

October 15, 2024

Automotive Properties REIT Announces October 2024 Distribution

October 15, 2024

Automotive Properties REIT Third Quarter 2024 Financial Results Release Date, Conference Call and Webcast

Load More News Releases

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$).

Current Price

Updated

High

Low

Volume

Investment Highlights

The REIT’s automotive dealership properties are located in urban areas that are specifically zoned for automotive retail use. A defensive asset class, these properties represent a strategic and fundamental part of the automotive manufacturers’ brand and distribution network.

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

News Release Archive

Read all of the REIT’s news releases here

Get Email News Alerts

Subscribe to receive email updates when the REIT publishes news releases

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

Financial Reports & Filings

.cls-1{fill:#ff9016}Annual Reports

.cls-1{fill:#ff9016}Quarterly Reports

.cls-1{fill:#ff9016}Regulatory Filings

.cls-1{fill:#ff9016}Open SEDAR+ filings page

Events & Presentations

Investor Presentation

Conference Call

Annual Meeting

Contact Info

Offices

Legal & Privacy

Menu

Annual Reports

Quarterly Reports

Regulatory Filings

Open SEDAR+ filings page