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Automotive Properties REIT Reports Financial Results for Third Quarter of 2024

  • Automotive Properties REIT reported an AFFO per Unit of $0.233 and cash distributions of $0.201 per Unit in Q3 2024, resulting in an AFFO payout ratio of approximately 86.3%.
  • The REIT's net income for Q3 2024 was $1.8 million, a decline from $28.3 million in Q3 2023.
  • Rental revenue in Q3 2024 rose by 0.7% to $23.5 million, compared to $23.4 million in Q3 2023.
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