Published

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 in Q3 2024, with an AFFO payout ratio of approximately 86.3%.
  • The REIT's net income was $1.8 million in Q3 2024, a decrease from $28.3 million in Q3 2023.
  • Rental revenue increased by 0.7% to $23.5 million in Q3 2024, compared to $23.4 million in Q3 2023, according to Milton Lamb, CEO.
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