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 2020, the Canadian automotive retail industry generated sales of approximately $151 billion, representing approximately 25% 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 66 income-producing properties, located on approximately 200 acres, representing approximately 2.5 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 escalations. 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 $3.4 billion in 2020, 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 28.1% effective interest in the REIT.

The REIT’s portfolio has a weighted average lease term of approximately 12.5 years (as at Dec. 31, 2020). 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. Almost all of the REIT’s property leases include fixed rent escalators, 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 Cash NOI

Portfolio Diversification by GLA

Percentage of Cash NOI from Dealership Properties by Automotive Brand Segment

1. Mass Market segment includes: Chrysler, Ford, General Motors, Kia, Nissan (including Nissan Infiniti), Honda, Hyundai, Mazda, Mitsubishi, Subaru, Toyota and Volkswagen

2. Luxury segment includes: Acura, Audi, BMW, Infiniti, Lexus, Mercedes-Benz and Tesla

3. Ultra-Luxury segment includes: Aston Martin, Bentley, Jaguar, Lamborghini, Land Rover, Lincoln, Porsche, Maserati and McLaren

As at March 23, 2021

News Releases

Recent News

April 15, 2021

Automotive Properties REIT Announces April 2021 Distribution

122661feedYesenAutomotive Properties REIT Announces April 2021 Distribution

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

TORONTO, April 15, 2021 /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 April 2021, representing $0.80 per REIT unit on an annualized basis. Payment will be made on May 17, 2021 to unitholders of record as at ...
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March 23, 2021

Automotive Properties REIT Reports 2020 Fourth Quarter and Year-End Results

122660feedYesenAutomotive Properties REIT Reports 2020 Fourth Quarter and Year-End Results

TORONTO, March 23, 2021 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") today announced its financial results for the fourth quarter ("Q4 2020") and year ended December 31, 2020 ("2020").

"We generated solid growth in our key performance measures in the fourth quarter, and throughout 2020, despite the unprecedented disruption caused by the COVID-19 pandemic. Our growth ...
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March 15, 2021

Stock Information

Automotive Properties REIT is listed on the Toronto Stock Exchange under the symbol APR.UN.

TSX:APR.UN

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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 2020, the Canadian automotive retail industry generated sales of approximately $151 billion, representing approximately 25% 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 Cash NOI

Portfolio Diversification by GLA

Percentage of Cash NOI from Dealership Properties by Automotive Brand Segment

News Releases

Recent News

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Stock Information

Automotive Properties REIT is listed on the Toronto Stock Exchange under the symbol APR.UN.

TSX:APR.UN

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