Automotive Properties REIT Reports Strong Q1 Performance
Automotive Properties Real Est Invt TR (TSE:APR.UN) reported strong first-quarter results, with property rental revenue up 21.7%, cash NOI rising by 19%, and diluted AFFO per unit reaching a record CAD 0.262. The growth was driven by acquisitions completed in late 2025 and early 2026 as well as embedded rent increases.