Automotive Properties Real Estate Investment Trust (APR.UN) has announced a cash distribution of $0.067 per unit of the REIT for the month of September 2023. This equates to an annualized distribution of $0.80 per unit of the REIT. The payment will be made on October 16, 2023, to unit holders registered as of September 29, 2023.
Automotive Properties REIT is an open-ended unincorporated investment trust that focuses on the ownership and acquisition of income-generating automotive dealership properties in Canada. The REIT currently has a portfolio of 77 revenue-generating commercial properties with a gross leasable area of approximately 2.9 million square feet. These properties are located in metropolitan markets across Columbia Británica, Alberta, Saskatchewan, Manitoba, Ontario, and Québec.
As the only publicly traded vehicle in Canada dedicated to consolidating automotive dealership real estate properties, Automotive Properties REIT plays a significant role in the automotive industry. By owning and acquiring these properties, the REIT provides stability and growth opportunities to investors while supporting the operations of car dealerships in Canada.
For more information about Automotive Properties REIT, please visit their official website.
Sources:
– Automotive Properties Real Estate Investment Trust.