Brokers Offer Predictions for Automotive Properties Real Est Invt TR’s Q3 2018 Earnings (APR)
Automotive Properties Real Est Invt TR (TSE:APR) – National Bank Financial issued their Q3 2018 earnings estimates for Automotive Properties Real Est Invt TR in a research report issued on Wednesday, October 17th. National Bank Financial analyst T. Woolley forecasts that the company will post earnings of $0.26 per share for the quarter.
Separately, Desjardins reissued a “buy” rating on shares of Automotive Properties Real Est Invt TR in a research note on Tuesday.
Automotive Properties Real Est Invt TR (TSE:APR) last announced its quarterly earnings results on Monday, August 13th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.26 by C($0.06). The company had revenue of C$11.37 million for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 31.49% and a net margin of 120.10%.
The company also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a dividend yield of 8.08%. The ex-dividend date is Tuesday, October 30th.
About Automotive Properties Real Est Invt TR
Automotive Properties Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The objectives of the REIT are to provide Unitholders with stable, predictable and growing monthly cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets in order to maximize long-term Unitholder value, and expand the REIT’s asset base while also increasing its Adjusted Funds From Operations (AFFO) per Unit, including through accretive acquisitions.
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