Automotive Properties Real Estate Investment Trust (OTCMKTS:APPTF – Get Free Report)’s share price dropped 1.9% during mid-day trading on Friday . The company traded as low as C$8.28 and last traded at C$8.28. Approximately 3,300 shares traded hands during trading, an increase of 32% from the average daily volume of 2,500 shares. The stock had previously closed at C$8.44.
Automotive Properties Real Estate Investment Trust Price Performance
The company’s 50-day moving average price is C$8.02 and its 200 day moving average price is C$8.22.
Automotive Properties Real Estate Investment Trust Company Profile
Automotive Properties Real Estate Investment Trust is a Canada-based real estate investment trust focused on owning and managing automotive-related commercial properties. Established in 2016, the trust acquires, leases and operates a diversified portfolio of properties that support the automotive industry, including dealership showrooms, parts distribution centers, service and collision repair facilities, as well as ancillary warehousing and logistics sites.
The trust’s core business activities involve sourcing high-quality assets in strategic locations, negotiating long-term triple-net leases with leading automotive brands and managing those properties to maintain and enhance their value.
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