- Business
- Automotive Properties Real Estate Investment Trust (APREIT) (TSX: APR.UN) owns and manages a diversified portfolio of commercial income-producing properties, primarily leased to automotive dealership groups located across Canada and the United States. The portfolio includes automotive dealership facilities, multi-use automotive retail and office properties, and standalone office buildings; as of the latest reports, it comprises over 90 properties totaling approximately 3.2 million square feet of gross leasable area, with key tenants such as Dilawri Group of Companies, Weins Group, and White Motor Group under long-term net leases that provide stable cash flows. APREIT focuses on the automotive dealership real estate sector, targeting high-quality, strategically located properties serving national and regional dealership operators in primary and secondary markets. Founded in 2015 and headquartered in Toronto, Ontario, the Trust operates exclusively in North America, with properties concentrated in major metropolitan areas across eight Canadian provinces and 13 U.S. states. In recent developments, APREIT completed the acquisition of seven automotive dealership properties in Ontario and British Columbia for approximately CAD 110 million in late 2024, expanding its portfolio and enhancing occupancy rates; additionally, the Trust renewed several key long-term leases and announced a monthly distribution increase in early 2025, reflecting strong operational performance amid favorable industry dynamics.