Automotive Properties REIT (APR.UN) Facts

Is Automotive Properties REIT's distribution safe?

Automotive Properties REIT (APR.UN) currently screens as covered under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of June 30, 2026. The public inputs on this sheet show AFFO payout ratio 78.3% and FFO payout ratio 76.4% from that extraction period, plus Distribution Yield 6.75% from the public market snapshot as of October 28, 2026; the engine driver summary is AFFO payout 78%: Comfortably covered by adjusted cash flow. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is Automotive Properties REIT trading below Reported NAV?

Automotive Properties REIT (APR.UN) has Price / Reported NAV of 0.92x, using price $12.42 from the public market snapshot as of October 28, 2026 and Reported NAV / Unit $13.51 from issuer filings as of December 31, 2025. This is a 8.1% discount to Reported NAV. This uses issuer-reported Reported NAV only, not REIT Stack Real Estate NAV or Market-Implied NAV.

Reported NAV, Real Estate NAV, and Market-Implied NAV taxonomy

What does Automotive Properties REIT own?

Automotive Properties REIT (APR.UN) describes its portfolio this way: Automotive Properties REIT is the only publicly traded REIT in Canada exclusively focused on automotive dealership real estate. The trust owns approximately 77 properties net-leased to some of Canada's largest dealership groups, with the Dilawri Group — its founding sponsor — serving as anchor tenant. Triple-net leases with long weighted average lease terms provide predictable, largely passive income, while the fragmented Canadian dealership market offers a sizeable acquisition runway for CEO Milton Lamb. The same public row lists Market Cap $702M as of October 28, 2026 and sector Specialty; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.