Automotive Properties REIT | REIT Profile

Symbol: APR.UN
Exchange: TSX
Founded: 2015 (10 years)
HQ: Toronto, ON, Canada
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Retail

See APR.UN on Yahoo Finance

Automotive Properties REIT (TSX: APR.UN) is an open-ended, growth-oriented real estate investment trust, offering exposure to a unique real estate asset class. The REIT is focused on owning and acquiring automotive dealerships properties in long-term growth markets in Canada. The REIT's property leases are structured as triple-net leases under which the tenant is responsible for all costs relating to repair and maintenance, realty taxes, property insurance, utilities and all non-structural capital improvements. The portfolio has a weighted average lease term of approximately 12.9 years and leases include contractual fixed rent increases.