10.83000 CAD
0.08
0.73%
Last update Dec 12, 3:59 PM EST
Market closed
Day range
10.83000
10.99000
Previous close
10.91000
Open
10.99000
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Automotive Properties Real Estate Investment ...
10.83
0.08
0.73%

Overview

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Description

Automotive Properties Real Estate Investment Trust (REIT) is a specialized trust focusing on automotive dealership properties across Canada. Its primary function is to own and manage a portfolio of strategically located real estate properties leased to automotive dealers. These properties are typically used for display, sales, service, and storage of motor vehicles, serving prominent automotive brands. By targeting this niche market, the trust enables efficient capital allocation and operational focus for dealers, while providing investors with potential rental income and capital appreciation. As a REIT, Automotive Properties is mandated to distribute a significant portion of its income to shareholders as dividends, offering predictable income streams. Additionally, the trust's investment strategy supports automotive retailers in optimizing their business models through real estate leaseback transactions. This contributes to the consolidation and modernization of dealership networks in Canada, enhancing operational efficiencies. Automotive Properties REIT plays a vital role in the broader real estate and automotive sectors by providing specialized financial solutions and contributing to the infrastructure of automotive retailing.

About

CEO
Mr. Milton Donald Lamb
Employees
0
Address
133 King Street East
Suite 300
Toronto, M5C 1G6, ON
Canada
Phone
647 789 2440
Instrument type
REIT
Sector
Real Estate
Industry
REIT - Specialty
Country
Canada
MIC code
XTSE
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