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Automotive Properties Real Estate Investment Trust T.APR.UN

Alternate Symbol(s):  APPTF

Automotive Properties Real Estate Investment Trust (the REIT) is a Canada-based open-ended real estate investment trust. The REIT is focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio consists of 77 income-producing commercial properties, representing approximately 2.9 million square feet of gross leasable area, on approximately 249 acres of land in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The REIT is a public vehicle, which is focused on consolidating automotive dealership real estate properties. Its properties include Porsche Centre Vancouver, Audi Sales Downtown Vancouver, Calgary BMW, Calgary Honda, Regina Honda, Dilawri Nissan Infiniti, Regina Hyundai, Tesla Edmonton, Go Mazda, Porsche Centre and Jaguar Land Rover Edmonton, McNaught Cadillac Buick GMC, St. James Volkswagen, Tesla KW, Guelph Hyundai, Wellington Motors, and others.


TSX:APR.UN - Post by User

Automotive Properties Real Estate Investment Trust
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Comment by McRambuson Dec 04, 2019 5:28pm
130 Views
Post# 30422710

RE:RE:RE:RE:Bought Deal @ $11.65

RE:RE:RE:RE:Bought Deal @ $11.65
alialiali wrote: There is definitely lots of activity and manouvering around APR.UN. Not sure what's up but pleasantly surprised the stock is up after a new issue. Very rare to be up the same day. Extremely bullish. And look at the volume traded so far today. May get to 1 million traded.

The big boys know something. 

Perhaps someone is preparing to take a run at it. TWC Enterprises Ltd. bought a lot of stock recently at $11.66 to hold 14% of the shares.

Good luck folks.
 



Yes this is very bullish sign. Most trade at the bought deal price or slightly less. Let's not forget they are buying 2 more dealerships and also paying for the KIA property from last earnings release. So all this is very acreeative to FFO. I also agree this may be a takeout, today is the highest volume in the stocks history. More liquidity equals more buyers, easier to take large stakes for institutional buyers. I'm sure the next property purchases will be done at an even higher price

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