Desjardins Decreases Earnings Estimates for Auto Prop Reit

Auto Prop Reit (TSE:APR) – Analysts at Desjardins decreased their FY2024 earnings per share (EPS) estimates for Auto Prop Reit in a research report issued on Thursday, November 14th. Desjardins analyst L. Kalmar now anticipates that the company will post earnings per share of $0.95 for the year, down from their prior estimate of $0.97. Desjardins currently has a “Moderate Buy” rating on the stock. Desjardins also issued estimates for Auto Prop Reit’s FY2025 earnings at $1.02 EPS.

Auto Prop Reit Stock Performance

Auto Prop Reit Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.067 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Thursday, October 31st.

About Auto Prop 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 64 income-producing commercial properties and one development property, representing approximately 2.5 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec.