Earnings
July 20, 2019 - AQN
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July 20, 2019 - EMA
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July 18, 2019 - BEP.UN
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July 17, 2019 - SKT
Tanger Factory Outlets Inc. Q1-2019 Earnings & Price Target .....
July 14, 2019 - RUS
Russel Metals Inc. Q1-2019 Earnings. Price Target Update .....
July 13, 2019 - GEI
Gibson Energy Inc. Q1-2019 Earnings, Price Target Update .....
July 12, 2019 - SU
Suncor Energy Inc. Q1-2019 Earnings & 2019 Price Target .....
July 11, 2019 - SJR.B
Shaw Communications Inc. Fiscal Q3-2019 Earnings & Price Target Forecast .....
Recommendation Changes
SJR.B, GEI, RCI.B, BCE, NXR.UN, more...

Automotive Properties REIT - Q1-2019 Earnings, Price Target Update

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Automotive Properties REIT is focused on owning and acquiring income-producing automotive dealership properties located in Canada. The proceeds from the initial public offering in Jul-2015 were used to acquire a portfolio of 26 auto dealership properties from the Dilawri Group. The portfolio has since increased to 57 properties located in metropolitan areas across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec, comprising 2.1M sq. ft. The Dilawri Group is a privately held corporation owning auto dealerships. They currently hold 27% (45% as of the IPO) following the recent issue of 7M units to fund acquisitions. Automotive Properties REIT is the only public REIT in Canada focused on consolidating automotive dealership real estate properties. Dilawri Group of Companies is Canada's largest automotive group with 61 franchised dealerships representing 30 automotive brands throughout Quebec, Ontario, Saskatchewan, Alberta, and British Columbia. They have been privately owned and operated by the Dilawri family since 1985.

Out of the 57 income-producing commercial properties, 32 are exclusively occupied by the Dilawri Group for use as automotive dealerships or, in one case, an automotive repair facility, while two of the other 25 properties are jointly occupied by the Dilawri Group (for use as automotive dealerships) and one or more third parties (for use as automotive dealerships or complementary uses, including restaurants), and the remaining 23 properties are exclusively occupied by other dealership groups for use as automotive dealerships or for automotive dealership ancillary services, such as a vehicle service compound facility or a repair facility. The Dilawri Group is the REIT's most significant tenant and accounts for 64% of rental income.

Recent Acquisitions

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New Issues & Acquisition
July 19, 2019
New! Coverage Universe - Weekly Price Change July 12-19, 2019
July 12, 2019
Coverage Universe - Weekly Price Change July 5-12, 2019
July 6, 2019
Coverage Universe - Weekly Price June 28-July 5, 2019
June 28, 2019
Coverage Universe - Weekly Price June 21-28, 2019
June 14, 2019
Coverage Universe - Weekly Price June 7-14, 2019
June 8, 2019
Coverage Universe - Weekly Price Change May 31 - June 7, 2019
June 4, 2019
Mullen Group Ltd, 5.75% Convertible Debenture New Issue
May 31, 2019
Coverage Universe - Weekly Price Change May 24-31, 2019