Automotive Properties Real Estate Investment Trust has announced its financial results for the fourth quarter and year ended December 31, 2025.
“2025 was an instrumental year for Automotive Properties REIT. We acquired 13 automotive properties, including our first three properties in the United States, for an aggregate purchase price of approximately $200 million. These acquisitions contributed to our significant growth in rental revenue, cash NOI and AFFO per Unit in 2025. In addition, we increased our cash distributions 2.2% in 2025 while still reducing our AFFO payout ratio compared to the prior year, demonstrating the positive impact of our acquisitions and contractual annual rent increases on our cash flows,” said Milton Lamb, CEO of Automotive Properties REIT.
“We further strengthened our momentum for 2026 with our recent acquisition of a Hyundai dealership property in Québec City at the start of the year and our announcement today of our agreement to acquire a Rivian-tenanted property in Vista, San Diego County, California. We are well positioned to continue advancing our growth strategy to build value for unitholders.”
“The REIT is subject to risks associated with inflation, interest rates, currency fluctuations and availability of capital. The REIT is actively monitoring the evolving trade tariff environment and other trade restrictions, and their impact on cross-border trade, material costs, and overall economic market conditions in Canada and the United States. While the full extent and impact of these trade tariffs and trade restrictions remains uncertain, the REIT is continuing to assess their potential effect on its business, property valuations and financial condition,” it said.
“The Canadian and United States automotive and original equipment manufacturer dealership and service industry is highly fragmented, and the REIT expects continued consolidation over the mid to long term due to increased industry sophistication and growing capital requirements for owner operators, which encourages them to pursue increased economies of scale.”
Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 92 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.
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