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Automotive Properties Real Estate Investment Trust
Automotive Properties Real Estate Investment Trust (APR-UN) investor relations material
Automotive Properties Real Estate Investment Trust Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary13 Nov, 2026
Executive summary
Q3 rental revenue increased 19.9% YoY to $30.458M; NOI rose 19.1% to $25.168M, driven mainly by acquisitions and contractual rent increases.
Cash NOI grew 18.6% to $24.9M, while AFFO rose 15.8% to $14.735M and diluted AFFO per unit increased to $0.260 from $0.252.
Net income was $34.831M vs. $8.958M, including positive fair value movements in investment properties and interest rate swaps.
Financial highlights
Q3 same-property Cash NOI increased 2.3% to $21.286M, primarily from contractual rent increases.
Q3 FFO rose 16.8% to $15.075M; diluted FFO per unit was $0.266 vs. $0.255.
9M rental revenue was $89.759M, up 21.5%; FFO increased 18.9% to $45.568M and AFFO rose 17.9% to $44.460M.
Q3 fair value gains were $9.631M on investment properties and $9.289M on interest rate swaps.
Portfolio and segment performance
Portfolio comprised 95 properties and 3.465M sq. ft. of GLA at September 30; it was 100% leased, with an 8.1-year weighted average lease term.
Same-property Cash NOI increased 2.3% to $21.286M in Q3 and 2.2% to $62.817M YTD.
Dilawri accounted for 44.5% of Q3 base rent, down from 48.2% a year earlier; Honda represented 15.6%, Volkswagen 10.4% and Tesla 6.3%.
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Latest events from Automotive Properties Real Estate Investment Trust
- Record AFFO growth and stable cash flows from a diversified, fully leased automotive property portfolio.APR-UN
Investor presentation - Double-digit AFFO and rental revenue growth, full occupancy, and a 2% distribution increase.APR-UNQ2 2026
- All proposals passed with 99% approval amid strong financial growth and U.S. expansion.APR-UNAGM 2026
- Fully leased urban automotive properties drive stable growth and yield, trading below peers.APR-UNInvestor presentation
- Record AFFO per unit and 21.7% rental revenue growth fueled by acquisitions.APR-UNQ1 2026
- Fully leased urban automotive portfolio drives AFFO growth and stable, escalating distributions.APR-UNInvestor presentation
- 2025 acquisitions fueled double-digit growth in key metrics and expanded U.S. operations.APR-UNQ4 2025
- AFFO per unit and rental revenue grew, with asset sales and new acquisitions boosting diversification.APR-UNQ3 2024
- Net income rose 78.5% on property sale gains, supporting growth and lower leverage.APR-UNQ2 2024
Next Automotive Properties Real Estate Investment Trust earnings date
Q4 20265 Mar, 2027
Automotive Properties Real Estate Investment Trust
Next Automotive Properties Real Estate Investment Trust earnings date
Q4 20265 Mar, 2027
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Frequently asked questions
Automotive Properties Real Estate Investment Trust (REIT) is a real estate investment trust focused on owning and managing income-producing properties used by automotive dealerships across Canada. The company’s portfolio includes a range of dealership properties leased to leading automotive brands and operators. Automotive Properties REIT provides real estate solutions tailored to the automotive retail industry, offering long-term leases and stable income generation from its properties. The company is headquartered in Toronto, Canada, and its shares are listed on the TSX.