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Automotive Properties (TSE:APR.UN)
TSX:APR.UN
Canadian Market
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Automotive Properties (APR.UN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 24, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
Last Year’s EPS
0.25
Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 13, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The call highlighted strong acquisitions and financial performance, with significant growth in rental revenue, NOI, and AFFO. There were challenges in the M&A environment and an impending vacancy at a key site, but these were outweighed by positive financial indicators and strategic growth initiatives.
Company Guidance
During the Automotive Properties REIT's 2025 Third Quarter Results Conference Call, management provided detailed guidance on several key performance metrics. The REIT completed approximately $151 million in acquisitions, including $93.6 million for seven automotive properties during the quarter, and an additional $57.3 million for four properties post-quarter end. These acquisitions are expected to drive growth in adjusted funds from operations (AFFO) per unit. Key financial metrics showed positive trends, with rental revenue increasing by 7.9% year-over-year, cash net operating income (NOI) up by 6.5%, and same-property cash NOI rising by 2.3%. The AFFO per unit diluted rose to $0.252, marking an 8.8% increase. The Board approved a 2.2% increase in unitholder distributions, raising the annualized distribution per unit from $0.804 to $0.822. Interest expenses decreased to $6.5 million due to lower floating rates, while general and administrative expenses were $1.7 million, reflecting a $0.3 million increase. The REIT maintained a cap rate of 6.7% and a debt-to-gross book value (GBV) ratio of approximately 45%, supported by a recent equity offering and private placement raising $57.1 million. The REIT's debt profile remains robust, with 84% fixed through interest rate swaps and mortgages at an average rate of 4.4%. The management anticipates continued growth and unitholder value driven by its expanding property portfolio and strategic acquisitions.
Significant Acquisitions and Growth
Completed approximately $151 million of acquisitions, including 7 automotive properties in the Greater Montreal area and a Rivian tenanted property in Orlando, Florida. Additional 4 automotive properties acquired post-quarter for $57.3 million.
Increase in Rental Revenue and NOI
Rental revenue increased by 7.9% compared to Q3 last year. Cash NOI increased by 6.5% and same-property cash NOI increased by 2.3%.
AFFO and FFO Growth
AFFO per unit diluted increased to $0.252, up from $0.233. FFO and AFFO increased by 8.3% and 8.8%, respectively, reflecting higher rental revenue from acquisitions.
Distribution Increase
Board approved a 2.2% increase to unitholder distributions, raising annualized distribution per unit from $0.804 to $0.822.
Strong Financial Flexibility
Debt-to-GBV ratio at approximately 45%, with $7.5 million cash on hand and $9 million of undrawn capacity under credit facilities. 84% of debt fixed through interest rate swaps and mortgages.

Automotive Properties (TSE:APR.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:APR.UN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 24, 2026
2025 (Q4)
- / -
0.245
Nov 13, 2025
2025 (Q3)
- / 0.18
0.036405.56% (+0.15)
Aug 14, 2025
2025 (Q2)
- / 0.27
0.76-65.13% (-0.49)
May 14, 2025
2025 (Q1)
- / 0.16
0.426-63.15% (-0.27)
Mar 05, 2025
2024 (Q4)
- / 0.24
-0.31179.03% (+0.55)
Nov 14, 2024
2024 (Q3)
- / 0.04
0.578-93.77% (-0.54)
Aug 14, 2024
2024 (Q2)
- / 0.76
0.42678.40% (+0.33)
May 14, 2024
2024 (Q1)
- / 0.43
0.34623.12% (+0.08)
Mar 07, 2024
2023 (Q4)
- / -0.31
0.277-211.91% (-0.59)
Nov 13, 2023
2023 (Q3)
- / 0.58
0.181219.34% (+0.40)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:APR.UN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 13, 2025
C$10.80C$10.81+0.09%
Aug 14, 2025
C$11.07C$11.33+2.35%
May 14, 2025
C$10.20C$10.27+0.69%
Mar 05, 2025
C$9.80C$9.52-2.86%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Automotive Properties (TSE:APR.UN) report earnings?
Automotive Properties (TSE:APR.UN) is schdueled to report earning on Mar 24, 2026, After Close (Confirmed).
    What is Automotive Properties (TSE:APR.UN) earnings time?
    Automotive Properties (TSE:APR.UN) earnings time is at Mar 24, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:APR.UN EPS forecast?
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