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Automotive Properties Real Estate Investment Trust (APR-UN) investor relations material
Automotive Properties Real Estate Investment Trust Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved growth in rental revenue, cash NOI, same property cash NOI, and AFFO per unit year-over-year, with AFFO payout ratio declining to 80.7%.
Announced a 2.2% increase in annual cash distribution, effective August 2025.
Entered agreements to acquire seven automotive properties, including five in Montreal/Île-Perrot and one in Orlando, enhancing geographic and tenant diversification and expected to be accretive to AFFO per unit.
Marked the tenth anniversary since IPO, with investment property value rising from $358M to over $1.2B.
Financial highlights
Rental revenue rose 4.6% year-over-year to $24.6M in Q2 2025; cash NOI up 5.6% to $20.6M; same property cash NOI up 2.4% to $19.5M.
AFFO per unit (diluted) increased to 24.9¢ from 23.3¢; AFFO payout ratio declined to 80.7%.
Net income was $11.2M, down from $37.3M last year due to lower fair value gains.
FFO and AFFO increased by 6% and 7.4% respectively year-over-year.
Adjusted Cash Flow from Operations (ACFO) grew 12.7% to $14.0M.
Outlook and guidance
Expect continued AFFO and AFFO per unit growth through 2025, supported by recent and pending acquisitions and industry consolidation.
Anticipate Debt to GBV ratio to rise to 47.6% post-acquisitions.
Positive on acquisition opportunities in US and heavy equipment sectors, focusing on metropolitan markets with GDP and population growth.
Actively monitoring risks from inflation, interest rates, currency fluctuations, and trade restrictions.
Anticipate further value creation for unitholders through portfolio expansion and stable cash flows.
Next Automotive Properties Real Estate Investment Trust earnings date
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