Automobile Sector HealthFundamentals for the automobile sector remain healthy, and new automobile sales in Canada were up 11.6%.
Stock ValuationAPR’s units currently trade at a lower multiple compared to Canadian retail REITs and US triple net lease REITs, suggesting a potentially undervalued stock.
Tenant PerformanceDilawri Group, APR’s largest tenant and unitholder, generates about 60% of the REIT’s operating income and continues to post strong profitability.