Automotive Properties REIT, listed as TSX: APR.UN, is a growth-oriented real estate investment trust situated in Toronto, ON. The REIT specializes in owning income-producing properties leased to automotive and original equipment manufacturer businesses in key urban centers across Canada. Notably, the REIT boasts a unique real estate asset class with vast consolidation opportunities and strong underlying fundamentals within the Canadian automotive retail industry.
The REIT's portfolio comprises 78 income-producing properties strategically located in urban centers like Vancouver, Calgary, Edmonton, Winnipeg, Ottawa, Montreal, and other regions in Quebec. These properties house a diverse range of global automotive brands, from mass-market offerings to ultra-luxury options, with a particular emphasis on Euro and Asian brands. The properties feature an attractive leasing profile, with an average lease term of 9.0 years as of December 31, 2024, offering stability and long-term potential for investors.
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