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Automotive Properties Real Estate Investment Trust T.APR.UN

Alternate Symbol(s):  APPTF

Real Estate REIT - Diversified
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 income-producing automotive and other OEM dealership and service properties located in Canada. The REIT's portfolio consists of 78 income-producing commercial properties, representing approximately 2.9 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The REIT is focused on consolidating automotive and OEM dealership and service 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 Agincourt Mazda, among others.


TSX:APR.UN - Post by User

Automotive Properties Real Estate Investment Trust
Bullboard Posts
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(6)
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Comment by McRambuson Jun 13, 2019 8:43pm
73 Views
Post# 29824712

RE:RE:RE:RE:RE:RE:RE:SCREW THE LITTLE GUY

RE:RE:RE:RE:RE:RE:RE:SCREW THE LITTLE GUY
CanSiamCyp wrote: There is one Canadian REIT which has a different mode of operation: Nexus (NXR.UN). All acquisitions since I have held units are bought by issuing new units from Treasury to the vendor. They issue the new units at $2.10 which is above market - normally in the $1.98 - $2.02 range. Anybody know of any other exceptions?


That is a great strategy as all it does is create sellers when the lockup expires for the vendor. Also certain they are paying a premium for properties this way as there is liquidity risk for vendor accepring payment this way. Want proof? Look at the share price it has not moved since 2014 and price is essentially unchanged. APR had to battle back from $8.50 after the correction from last year and had started at $10, went above $11.50 and was working it's way back up there. Soon as this deal gets soaked up and as long as interest rates remain low this will grind to $12+ easy.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities