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Automotive Properties Real Estate Investment Trust
TSX:APR.UN

Watchlist Manager
Automotive Properties Real Estate Investment Trust
TSX:APR.UN
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Price: 10.86 CAD 0.18%
Market Cap: 589.3m CAD

Automotive Properties Real Estate Investment Trust
Investor Relations

Automotive Properties Real Estate Investment Trust engages in the acquisition and ownership of automotive dealership properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2015-05-22. The Trust is focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. Its portfolio consists of approximately 68 income-producing commercial properties, representing approximately 2.6 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The Trust is also focused on consolidating automotive dealership real estate properties. The company owns Lexus Laval automotive dealership property in Greater Montreal Area consists of approximately 30,015 square-foot. The company also owns Acura North Vancouver automotive dealership property, Abbotsford Volkswagon and other dealership properties such as Porsche Centre Vancouver, that is located in 688 Terminal Avenue and Audi Service Centre located in 1718 West 3rd Avenue Vancouver, British Columbia.

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APR.UN
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 14, 2025
AI Summary
Q3 2025

Acquisitions: The REIT completed about $151 million in acquisitions, including entry into the US market and heavy equipment dealerships.

Key Metrics Up: Rental revenue rose 7.9%, cash NOI increased 6.5%, and same-property cash NOI grew 2.3% year-over-year.

AFFO Growth: AFFO per unit diluted increased to $0.252, up from $0.233, and the AFFO payout ratio decreased to 81%.

Distribution Increase: Trustees approved a 2.2% increase in annualized unitholder distribution, from $0.804 to $0.822 per unit.

Strong Balance Sheet: Recent equity raise and prudent debt management support growth and flexibility.

Stable Portfolio: 100% rent collection since IPO, high-quality tenants, and a focus on essential service properties.

Key Financials
Property Rental Revenue
$25.4 million
Cash NOI
$21 million
Same-Property Cash NOI
$19.6 million
AFFO per Unit Diluted
$0.252
Net Income and Other Comprehensive Income
$10.4 million
Interest Expense and Other Financing Charges
$6.5 million
G&A Expenses
$1.7 million
Unitholder Distribution Paid
$10.1 million or $0.204 per unit
AFFO Payout Ratio
81%
Cap Rate
6.7%
Equity Offering Gross Proceeds
$57.1 million
Debt-to-GBV Ratio
45%
Cash on Hand
$7.5 million
Undrawn Credit Facility Capacity
$9 million
Unencumbered Properties Value
$117 million
Fixed Debt Percentage
84%
Average Effective Interest Rate
4.4%
Distribution per Unit (Annualized)
$0.822
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Other Earnings Calls

Management

Mr. Milton Donald Lamb
President, CEO & Director
No Bio Available
Mr. Andrew Atul Kalra C.A., CPA, CA, CPA
CFO & Corporate Secretary
No Bio Available

Contacts

Address
ONTARIO
TORONTO
133 King Street East, Suite 300
Contacts
+16477892436.0
www.automotivepropertiesreit.ca
sparklesyt

See Also

Summary
APR.UN intrinsic value, competitors valuation, and company profile.
DCF Valuation
APR.UN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
APR.UN stock valuation using valuation multiples.
Wall Street Estimates
APR.UN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
APR.UN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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