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Automotive Properties Real Estate Investment Trust (T:APR.UN)

Business Focus: Commercial REITs

Sector:  Financials Industry:  Commercial REITs
See Regulatory Filings on SEDAR
Company Contact
Address: 133 King St E Suite 300
Tel: N/A
IR: See website
Key People
Kapil Dilawri
Chairman of the Board
Milton Lamb
President, Chief Executive Officer
Andrew Kalra
Chief Financial Officer
Business Overview
Automotive Properties Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The Trust is focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. Its portfolio consists of approximately 62 income-producing commercial properties located in the metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The properties represent approximately two million square feet of gross leasable area (GLA). Its properties contain over 40 automotive dealership facilities and an automotive repair facility, occupying over 40 individual buildings, as well as over four ancillary retail buildings.
Financial Overview
For the nine months ended 30 September 2019, Automotive Properties Real Est Invt TR revenues increased 43% to C$49.5M. Net loss totaled C$8.4M vs. income of C$25.5M. Revenues reflect FFO per Share (Basic) increase of 7% to C$0.27, FFO per Share (Diluted) increase of 7% to C$0.27, Rental revenue from investment propertie increase of 42% to C$42.2M, Property tax recoveries increase of 53% to C$7.2M.
Reporting Currency: Canadian Dollars
Enterprise value: $888.54M as of Sep 30, 2019
Annual revenue (TTM): $63.20M as of Sep 30, 2019
EBITDA (TTM): $50.44M as of Sep 30, 2019
Net annual income (TTM): $5.27M as of Sep 30, 2019
Free cash flow (TTM): $20.57M as of Sep 30, 2019
Net Debt Last Fiscal Year: $429.41M as of Sep 30, 2019
Shares outstanding: 37,697,052 as of Dec 23, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization