Automotive Properties Real Estate Invest
Automotive Properties Real Estate Invest
133 King Street East Suite 300 Toronto, Ontario M5C 1G6
647-789-2440
Sector: Real Estate
Description
Automotive Properties Real Estate Investment Trust focuses on income-generating dealership properties in the automotive sector.
It claims to provide the unitholders with sustainable, growing and stable cash distribution. In addition, it focuses on expanding and diversifying its asset portfolio to generate maximum value for the unitholders.
Canada-based Dilawri Group holds 26 per cent effective interest in the real estate investment trust as of December 2020 and all Class B limited partnership units.
The REIT was formed in 2015 to own and acquire automotive dealership properties in Canada. The company debuted on Toronto Stock via an IPO in 2015. Its units are posted for trading under the symbol ‘APR.UN’.
Since its founding, the REIT claims to have acquired 40 properties in Canada. It operates under a triple-net lease system, wherein expenditure related to non-structural capital improvements, realty taxes, repair and maintenance, property insurance, and utilities are the sole responsibility of the tenants. With this strategy, the real estate investment trust claims to generate long-term value for its unitholders with predictable and stable growth.
The company primarily operates in the Canadian Automotive retail industry. Its properties are located in Vancouver, Calgary, Regina, Edmonton, Winnipeg, Guelph, GTA, Kingston, Ottawa, and Montreal. These properties reportedly form a core part of Automotive's distribution network and brand value. Some of the dealership brands include:
• RAM
• KIA
• Porsche
• Nissan
• MINI
• Jeep
• Honda
• GMC
• Aston Martin
• Audi
The property portfolio consists of high-quality and strategically located automotive dealership properties, including 66 income-producing properties covering an area of approximately 200 acres.
The publicly traded company reportedly focuses on operating through automotive dealership properties housing Asian and European brands. In addition, the real estate investment trust claims to provide opportunities for all the automotive dealers looking for recapitalizing or selling their business.
It reportedly generated $151 billion through sales in 2020.
The REIT claims to create an opportunity for the dealers to finance the dealership properties by independent ownership and operation.
The Canadian real estate investment trust also provides an opportunity for unitholders to invest in a high-quality automotive dealership portfolio, representing diversified brands ranging from mass-market to the ultra-luxury division.
Peers
WIR.U
WPT Industrial Real Estate Investment
YEG
Yorkton Equity Group Inc.
CHS.UN
Chartwell Retirement Residences
ERE.UN
European Residential REIT
MI.UN
Minto Apartment Real Estate Investment
SUM.UN
Summit Industrial Income REIT
HOM.U
BSR Real Estate Investment Trust
FCR.UN
First Capital Real Estate Investment
FCA
Firm Capital Apartment Real Estate Inves
CRR.UN
Crombie Real Estate Investment Trust
PKT
Parkit Enterprise Inc.
REAX
Real Brokerage Inc. (The)