Automotive Properties REIT Announces July 2025 Distribution

Automotive Properties REIT has announced its July 2025 distribution. The REIT owns and acquires primarily income-producing automotive and OEM dealership and service properties in Canada and the US. Its portfolio consists of 80 commercial properties with approximately three million square feet of gross leasable area across various metropolitan markets.

Automotive Properties REIT (APREIT), a real estate investment trust specializing in income-producing automotive and OEM dealership and service properties, has announced its July 2025 distribution. The REIT, which owns and acquires properties primarily in Canada and the United States, has declared a distribution for the period of July 1, 2025, to July 31, 2025, of $0.07903 per trust unit [1].

This distribution, if annualized, would represent a rate of $0.94836 per annum. APREIT's portfolio consists of 80 commercial properties with approximately three million square feet of gross leasable area across various metropolitan markets. The REIT's primary tenant, Canadian Tire Corporation, Limited, contributes significantly to its revenue.

Additionally, KBRA has upgraded SmartStop OP, L.P.'s issuer and senior unsecured note ratings to BBB/Stable, reflecting an expected improvement in leverage metrics and coverage ratios following the use of IPO proceeds to reduce debt and redeem a $200 million preferred stock issue [2]. This upgrade is notable for its implications on the REIT's financial health and its ability to source incremental equity capital for future growth.

References:
[1] https://finance.yahoo.com/news/ct-reit-declares-distribution-period-123000654.html
[2] https://www.morningstar.com/news/business-wire/20250714431585/kbra-upgrades-smartstop-op-lp-issuer-and-senior-note-ratings-to-bbbstable-assigns-bbb-rating-to-cad500-million-senior-notes-due-2028