Automotive Properties Real Estate Investment Trust

Automotive Properties Real Estate Investment Trust's Portfolio

Automotive Properties Real Estate Investment Trust (REIT) owns a substantial portfolio of 77 income-producing properties strategically located across various Canadian urban centers. These properties span approximately 249 acres and encompass around 2.9 million square feet of gross leasable area. The portfolio is diverse, including retail automotive dealerships, service centers, and ancillary businesses, representing global automotive brands from mass market to ultra-luxury, with a particular emphasis on European and Asian brands.

Automotive Properties Real Estate Investment Trust's Tenants

The tenants of Automotive Properties Real Estate Investment Trust include major automotive dealership groups such as the Dilawri Group, AutoCanada Inc., Drive Auto Group, Go Auto, Mierens Automotive Group, and Pfaff Auto Group (Lithia Motors Inc.). These tenants represent a mix of global automotive brands and contribute to the REIT’s diversified income stream. The strategic partnerships with these prominent automotive groups help ensure stable occupancy and consistent rental income, enhancing the Trust's financial stability and growth potential.

Automotive Properties Real Estate Investment Trust's Financials

Automotive Properties Real Estate Investment Trust is listed on the Toronto Stock Exchange under the symbol APR.UN. The Trust pays monthly cash distributions to its Unitholders, making it an attractive investment for those seeking regular income. As of December 31, 2023, the properties have a weighted average lease term of approximately 9.8 years, and the leases include contractual fixed rent increases, which provide predictable and growing cash flows.

Automotive Properties Real Estate Investment Trust's Market Impact

The Canadian automotive retail industry, a key market for Automotive Properties Real Estate Investment Trust, had sales of approximately $211 billion in 2023. This industry accounts for about 27% of the overall retail sales of products and merchandise in Canada. The REIT’s focus on income-producing automotive dealership properties positions it well within this substantial market, leveraging the high demand and stability inherent in the automotive retail sector. By owning properties occupied by a mix of mass market and ultra-luxury brands, the Trust can capture a broad spectrum of consumer demand.