Canada NewsWire
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TORONTO , Oct. 16, 2023 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the "REIT") today announced a cash distribution of $0.067 per REIT unit for the month of October 2023 , representing $0.80 per REIT unit on an annualized basis. Payment will be made on November 15, 2023 to unitholders of record as at October 31, 2023 .
Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada . The REIT's portfolio currently consists of 77 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 Québec. Automotive Properties REIT is the only public vehicle in Canada focused on consolidating automotive dealership real estate properties. For more information, please visit: www.automotivepropertiesreit.ca .
SOURCE Automotive Properties Real Estate Investment Trust
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