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Automotive Properties REIT Extends and Increases Credit Facility

122686feedYesenAutomotive Properties REIT Extends and Increases Credit Facility

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TORONTO, April 13, 2022 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the "REIT") today announced that it has extended the maturity of one of its existing credit facilities ("Credit Facility 1") for a five-year term to June 2027 and increased the amount available under the non-revolving component of Credit Facility 1 from $176.3 million to $226.3 million. The additional $50 million will be drawn to pay down existing indebtedness under the REIT's revolving ...
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Automotive Properties REIT Reports 2021 Fourth Quarter and Year-End Results

122685feedYesenAutomotive Properties REIT Reports 2021 Fourth Quarter and Year-End Results

TORONTO, March 22, 2022 /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 2021") and year ended December 31, 2021 ("2021").

"The resiliency of our tenants' businesses throughout the pandemic underlines the essential nature of the automotive retail industry in Canada. The real estate underlying essential retail in Canada has generally experienced an increase in market valuation over the past year. This has ...
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