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Automotive Properties Real Estate Investment Trust (APR-UN) investor relations material
Automotive Properties Real Estate Investment Trust Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Completed $151 million in acquisitions, including entry into the U.S. market and heavy equipment dealership vertical, with 15 properties acquired in the last 12 months.
Raised $57.1 million through equity offerings and private placements to support growth and acquisitions.
Celebrated 10th anniversary since IPO, having tripled investment property value and diversified tenant base.
Financial highlights
Rental revenue rose 7.9% year-over-year to $25.4 million in Q3 2025; cash NOI up 6.5% to $21 million.
AFFO per Unit (diluted) increased to $0.252 from $0.233 year-over-year; payout ratio improved to 81% from 86.3%.
Net income and other comprehensive income was $10.4 million, up from $1.8 million in Q3 last year, driven by non-cash fair value adjustments and foreign currency gain.
FFO per Unit (diluted) was $0.255, up from $0.237 in Q3 2024.
ACFO for Q3 2025 was $13.7 million, up 16.5% year-over-year.
Outlook and guidance
Expects recent acquisitions to drive continued AFFO per Unit growth.
Positive acquisition pipeline, especially in the U.S., with increased opportunities despite competitive environment.
Plans to expand portfolio in the fragmented automotive and OEM dealership sector, anticipating ongoing industry consolidation.
Management remains focused on driving unitholder value through portfolio growth and resilient lease structures.
Actively monitoring risks from inflation, interest rates, currency fluctuations, and trade restrictions.
US market competition and acquisition strategy
Approach to high-density development opportunities
Future shift to unsecured debt financing?
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Next Automotive Properties Real Estate Investment Trust earnings date
Q4 20256 Mar, 2026
Next Automotive Properties Real Estate Investment Trust earnings date
Q4 20256 Mar, 2026
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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.
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