TORONTO, Aug. 14, 2024 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") today announced its financial results for the three-month ("Q2 2024") and six-month ("YTD 2024") periods ended June 30, 2024.

"We generated continued growth in rental revenue, Cash NOI and AFFO per Unit in the second quarter, supported by the fixed and CPI-linked annual rent increases built into our leases," said Milton Lamb, CEO of Automotive Properties REIT. "Subsequent to quarter end, we entered into an agreement to unlock substantial value ...

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− Initial sale price represents a 79% premium to IFRS value −
− Transaction increases Net Asset Value and drives AFFO per Unit accretion through deleveraging −  

TORONTO, July 29, 2024 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") announced today that it has entered into an agreement (the "Transaction") to sell its automotive dealership property located at 8210 and 8220 Kennedy Road and 7 and 13/15 Main ...