Raymond James Weighs in on Auto Prop Reit’s Q1 2024 Earnings (TSE:APR)

Auto Prop Reit (TSE:APR) – Stock analysts at Raymond James dropped their Q1 2024 EPS estimates for Auto Prop Reit in a research note issued on Tuesday, November 14th. Raymond James analyst B. Sturges now forecasts that the company will post earnings of $0.25 per share for the quarter, down from their prior estimate of $0.26. Raymond James also issued estimates for Auto Prop Reit’s Q2 2024 earnings at $0.25 EPS, Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $1.00 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.26 EPS and FY2025 earnings at $1.04 EPS.

Auto Prop Reit Stock Performance

Auto Prop Reit (TSE:APR) last issued its quarterly earnings data on Monday, August 14th. The company reported C$0.42 earnings per share for the quarter, topping the consensus estimate of C$0.25 by C$0.17. The business had revenue of C$22.94 million during the quarter.

Auto Prop Reit Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.067 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.80 annualized dividend and a dividend yield of ∞.

Auto Prop Reit Company Profile

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.