Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Long-Term Capital Lease Obligation : C$3.56 Mil (As of Dec. 2023)

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What is Automotive Properties Real Estate Investment Trust Long-Term Capital Lease Obligation?

Automotive Properties Real Estate Investment Trust's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.56 Mil.

Automotive Properties Real Estate Investment Trust's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (C$3.69 Mil) to Sep. 2023 (C$3.49 Mil) but then increased from Sep. 2023 (C$3.49 Mil) to Dec. 2023 (C$3.56 Mil).

Automotive Properties Real Estate Investment Trust's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (C$6.60 Mil) to Dec. 2022 (C$3.82 Mil) and declined from Dec. 2022 (C$3.82 Mil) to Dec. 2023 (C$3.56 Mil).

Automotive Properties Real Estate Investment Trust Long-Term Capital Lease Obligation Historical Data

The historical data trend for Automotive Properties Real Estate Investment Trust's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Automotive Properties Real Estate Investment Trust Long-Term Capital Lease Obligation Chart

Automotive Properties Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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7.36

6.99

6.60

3.82

3.56

Automotive Properties Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															3.82	3.76	3.69	3.49	3.56

Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Automotive Properties Real Estate Investment Trust (TSX:APR.UN) » Definitions » Long-Term Capital Lease Obligation

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APPTF:USA

Address

133 King Street East, Suite 300, Toronto, ON, CAN, M5C 1G6

Website

https://www.automotivepropertiesreit.ca

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT's asset portfolio in order to maximize Unitholder value.

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