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Automotive Properties Real Estate Investment Trust

Market Cap

CA$580.6m

Last Updated

2021/04/10 23:32 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Average dividend payer and fair value.

Share Price & News

How has Automotive Properties Real Estate Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: APR.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: APR.UN's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

4.7%

APR.UN

2.7%

CA REITs

1.0%

CA Market


1 Year Return

42.4%

APR.UN

17.4%

CA REITs

39.2%

CA Market

Return vs Industry: APR.UN exceeded the Canadian REITs industry which returned 17.4% over the past year.

Return vs Market: APR.UN exceeded the Canadian Market which returned 39.2% over the past year.


Shareholder returns

APR.UNIndustryMarket
7 Day4.7%2.7%1.0%
30 Day5.2%3.7%1.4%
90 Day10.1%10.2%7.5%
1 Year54.5%42.4%24.0%17.4%44.0%39.2%
3 Year44.5%14.4%26.8%7.8%32.2%19.6%
5 Year75.9%19.7%42.6%7.8%59.4%35.3%

Long-Term Price Volatility Vs. Market

How volatile is Automotive Properties Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Automotive Properties Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APR.UN (CA$11.85) is trading below our estimate of fair value (CA$24.7)

Significantly Below Fair Value: APR.UN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: APR.UN is poor value based on its PE Ratio (16.6x) compared to the CA REITs industry average (11x).

PE vs Market: APR.UN is good value based on its PE Ratio (16.6x) compared to the Canadian market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate APR.UN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: APR.UN is overvalued based on its PB Ratio (1.1x) compared to the CA REITs industry average (0.9x).


Future Growth

How is Automotive Properties Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

7.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if APR.UN's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if APR.UN's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APR.UN's revenue (7.5% per year) is forecast to grow faster than the Canadian market (7.2% per year).

High Growth Revenue: APR.UN's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if APR.UN's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Automotive Properties Real Estate Investment Trust performed over the past 5 years?

-10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APR.UN has high quality earnings.

Growing Profit Margin: APR.UN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: APR.UN's earnings have declined by 10.1% per year over the past 5 years.

Accelerating Growth: APR.UN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: APR.UN has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (-17.1%).


Return on Equity

High ROE: APR.UN's Return on Equity (6.9%) is considered low.


Financial Health

How is Automotive Properties Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: APR.UN's short term assets (CA$3.9M) do not cover its short term liabilities (CA$36.1M).

Long Term Liabilities: APR.UN's short term assets (CA$3.9M) do not cover its long term liabilities (CA$509.0M).


Debt to Equity History and Analysis

Debt Level: APR.UN's debt to equity ratio (134.3%) is considered high.

Reducing Debt: APR.UN's debt to equity ratio has reduced from 346.7% to 134.3% over the past 5 years.

Debt Coverage: APR.UN's debt is not well covered by operating cash flow (10.9%).

Interest Coverage: APR.UN's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Dividend

What is Automotive Properties Real Estate Investment Trust current dividend yield, its reliability and sustainability?

6.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APR.UN's dividend (6.78%) is higher than the bottom 25% of dividend payers in the Canadian market (1.49%).

High Dividend: APR.UN's dividend (6.78%) is in the top 25% of dividend payers in the Canadian market (4.81%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, APR.UN has been paying a dividend for less than 10 years.

Growing Dividend: APR.UN has only been paying a dividend for 6 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (87.5%), APR.UN's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: APR.UN's dividends in 3 years are forecast to be covered by earnings (80.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average board tenure


CEO

Milton Lamb (51 yo)

5.75yrs

Tenure

CA$2,286,280

Compensation

Mr. Milton Donald Lamb has been Chief Executive Officer and President of Automotive Properties Real Estate Investment Trust since July 22, 2015 and has been its Director since June 25, 2020. Mr. Lamb has e...


CEO Compensation Analysis

Compensation vs Market: Milton's total compensation ($USD1.82M) is above average for companies of similar size in the Canadian market ($USD742.05K).

Compensation vs Earnings: Milton's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: APR.UN's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

Company Information

Automotive Properties Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Automotive Properties Real Estate Investment Trust
  • Ticker: APR.UN
  • Exchange: TSX
  • Founded: 2015
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Implied Market Cap: CA$580.643m
  • Market Cap: CA$462.934m
  • Shares outstanding: 49.00m
  • Website: https://www.automotivepropertiesreit.ca

Location

  • Automotive Properties Real Estate Investment Trust
  • 133 King Street East
  • Suite 300
  • Toronto
  • Ontario
  • M5C 1G6
  • Canada

Listings


Biography

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 R...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 23:32
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.