Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Forward PE Ratio : 10.16 (As of Apr. 29, 2024)

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What is Automotive Properties Real Estate Investment Trust Forward PE Ratio?

Automotive Properties Real Estate Investment Trust's Forward PE Ratio for today is 10.16.

Automotive Properties Real Estate Investment Trust's PE Ratio without NRI for today is 5.86.

Automotive Properties Real Estate Investment Trust's PE Ratio for today is 7.68.

Automotive Properties Real Estate Investment Trust Forward PE Ratio Historical Data

The historical data trend for Automotive Properties Real Estate Investment Trust's Forward PE Ratio 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 Forward PE Ratio Chart

Automotive Properties Real Estate Investment Trust Annual Data

Trend

2017-12

2018-09

2019-12

2020-10

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

9.92

9.89

11.60

10.70

14.95

13.14

11.12

10.16

Automotive Properties Real Estate Investment Trust Quarterly Data
	2017-12	2018-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	9.92	9.61	9.48	9.38	11.60	7.08	10.07	10.75	12.05	12.94	12.84	14.95	14.68	13.37	13.25	13.14	12.15	11.72	10.56	11.12	10.63

Competitive Comparison of Automotive Properties Real Estate Investment Trust's Forward PE Ratio

For the REIT - Specialty subindustry, Automotive Properties Real Estate Investment Trust's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Automotive Properties Real Estate Investment Trust's Forward PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Automotive Properties Real Estate Investment Trust's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Automotive Properties Real Estate Investment Trust's Forward PE Ratio falls into.

Automotive Properties Real Estate Investment Trust Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Automotive Properties Real Estate Investment Trust Forward PE Ratio Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Automotive Properties Real Estate Investment Trust (TSX:APR.UN) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

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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