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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 > Got Paid Today ;>)
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Comment by TeamCommonSenseon Jan 16, 2025 12:09pm
24 Views
Post# 36407316

RE:RE:Got Paid Today ;>)

RE:RE:Got Paid Today ;>)Dear Dong:

Non cash special distributions ... always work like this ... you do not see the transaction on your brokerage activity listing ... BUT ... behind the scenes, the REIT issues you with new units which immediately disappear cuz they are absorbed into the pre-exisiting units.

Net effects:

#1 No increase in outstanding units for the REIT

#2 You will see the non cash SD on your T3 slip in March ... and this will result in a significant increase in your taxable income ... hopefully classified as Capital Gains but this will only be known when the actual T3 breakdown is available

#3 You must (or your brokerage will likely) increase the ACB of your specific holding of APR.un by the amount of the non-cash distribution (so this will offset future capital gains if any upon selling your holding)

Clear?

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