Canada's Automotive Properties REIT Q4 rental revenue rises
Overview
Canada real estate firm's Q4 rental revenue rose 19.3% yr/yr
AFFO per Unit increased 18.5% in Q4 2025
Company to acquire Rivian-tenanted property in California for US$16 mln
Outlook
Company expects continued consolidation in the automotive dealership industry
Acquisition of the Vista Property is expected to close during the first half of 2026
Result Drivers
PROPERTY ACQUISITIONS - Acquired 13 properties in 2025, including first U.S. properties, boosting rental revenue and cash flows
CONTRACTUAL RENT INCREASES - Contributed to growth in rental revenue and AFFO per Unit
Company press release: ID:nCNWmvGr8a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Rental Revenue |
| C$27.9 mln |
|
Q4 Adjusted FFO |
| C$13.85 mln |
|
Q4 FFO |
| C$14.30 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy."
Wall Street's median 12-month price target for Automotive Properties Real Estate Investment Trust is C$12.50, about 7.8% above its March 3 closing price of C$11.60
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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