Auto Prop Reit (TSE:APR) Plans $0.07 Monthly Dividend

Auto Prop Reit (TSE:APR) declared a monthly dividend on Thursday, August 15th, Zacks reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.067 per share on Monday, September 16th. This represents a $0.80 annualized dividend and a dividend yield of ∞. The ex-dividend date is Friday, August 30th.

Auto Prop Reit Price Performance

Auto Prop Reit (TSE:APR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.74 earnings per share for the quarter, topping the consensus estimate of C$0.25 by C$0.49. The business had revenue of C$23.52 million during the quarter.

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.