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TORONTO, March 15, 2022 /CNW/ - Automotive Properties
Real Estate Investment Trust (TSX: APR.UN) (the "REIT") today
announced a cash distribution of $0.067 per REIT unit for the month of
March 2022, representing $0.80 per REIT unit on an annualized basis.
Payment will be made on April 15,
2022 to unitholders of record as at March 31, 2022.
About Automotive Properties REIT
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 REIT's portfolio
currently consists of 72 income-producing commercial properties,
representing approximately 2.7 million square feet of gross
leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec. Automotive Properties REIT
is the only public vehicle in Canada focused on consolidating automotive
dealership real estate properties. For more information, please
visit: www.automotivepropertiesreit.ca.
SOURCE Automotive Properties Real Estate Investment Trust