Automotive Properties REIT Q2 2026 earnings rise as acquisitions, contractual rent escalators lift NOI
Reuters2026/08/13 23:37- Automotive Properties REIT posted Q2 2026 net income of CAD 18.11 million, up from CAD 11.24 million a year earlier.
- NOI rose to CAD 25.15 million from CAD 20.86 million, driven by acquisitions completed since Q2 2025 and contractual rent increases.
- FFO increased to CAD 15.3 million from CAD 12.81 million; AFFO climbed to CAD 14.92 million from CAD 12.58 million.
- Interest expense and other financing charges rose to CAD 8.12 million from CAD 6.4 million, reflecting higher debt used to fund acquisitions.
- Trustees lifted the annual cash distribution to CAD 0.839 per unit from CAD 0.822, effective for the August 2026 distribution.
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