FY2024 EPS Estimates for Auto Prop Reit Cut by Raymond James

Auto Prop Reit (TSE:APR) – Research analysts at Raymond James decreased their FY2024 earnings per share estimates for Auto Prop Reit in a report issued on Thursday, November 14th. Raymond James analyst B. Sturges now anticipates that the company will post earnings per share of $0.96 for the year, down from their previous forecast of $0.97. Raymond James also issued estimates for Auto Prop Reit’s Q2 2025 earnings at $0.25 EPS, FY2025 earnings at $1.02 EPS, Q1 2026 earnings at $0.26 EPS and FY2026 earnings at $1.07 EPS.

Separately, Desjardins raised shares of Auto Prop Reit from a “hold” rating to a “moderate buy” rating in a research note on Thursday.

Auto Prop Reit Stock Performance

Auto Prop Reit Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.067 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of ?.

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.