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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 Street East, Suite 300
Tel: N/A
IR: See website
Key People
Kapil Dilawri
Chairman of the Board of Trustees
Milton Donald Lamb
President, Chief Executive Officer
Andrew Atul Kalra
Chief Financial Officer, Corporate Secretary
Business Overview
Automotive Properties Real Estate Investment Trust (the Trust) 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 64 income-producing commercial properties and one development property located in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.
Financial Overview
For the six months ended 30 June 2020, Automotive Properties Real Est Invt TR revenues increased 16% to C$37.4M. Net loss decreased 19% to C$7.6M. Revenues reflect Rental revenue from investment propertie increase of 15% to C$31.8M, Property tax recoveries increase of 23% to C$5.6M. Lower net loss reflects Net Operating Income (NOI) - Total increase of 14% to C$31.4M.
Reporting Currency: Canadian Dollars
Enterprise value: $853.91M as of Jun 30, 2020
Annual revenue (TTM): $72.88M as of Jun 30, 2020
EBITDA (TTM): $67.96M as of Jun 30, 2020
Net annual income (TTM): -$2.66M as of Jun 30, 2020
Free cash flow (TTM): $17.33M as of Jun 30, 2020
Net Debt Last Fiscal Year: $484.62M as of Jun 30, 2020
Shares outstanding: 47,630,305 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization