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Automotive Properties Real Estate Investment Trust (Automotive Properties Real Estate Investment Trust) Total Assets : $886.50 Mil (As of Mar. 2024)


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What is Automotive Properties Real Estate Investment Trust Total Assets?

Automotive Properties Real Estate Investment Trust's Total Assets for the quarter that ended in Mar. 2024 was $886.50 Mil.

During the past 12 months, Automotive Properties Real Estate Investment Trust's average Total Assets Growth Rate was 0.90% per year. During the past 3 years, the average Total Assets Growth Rate was 8.40% per year. During the past 5 years, the average Total Assets Growth Rate was 8.80% per year.

During the past 9 years, Automotive Properties Real Estate Investment Trust's highest 3-Year average Total Assets Growth Rate was 25.00%. The lowest was 7.10%. And the median was 15.35%.

Total Assets is connected with ROA %. Automotive Properties Real Estate Investment Trust's annualized ROA % for the quarter that ended in Mar. 2024 was 6.95%. Total Assets is also linked to Revenue through Asset Turnover. Automotive Properties Real Estate Investment Trust's Asset Turnover for the quarter that ended in Mar. 2024 was 0.02.

Automotive Properties Real Estate Investment Trust Total Assets Historical Data

The historical data trend for Automotive Properties Real Estate Investment Trust's Total Assets 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.

* Premium members only.

Automotive Properties Real Estate Investment Trust Total Assets Chart

Automotive Properties Real Estate Investment Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial Premium Member Only 710.56 731.01 821.60 805.17 889.91

Automotive Properties Real Estate Investment Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 869.30 910.66 898.12 889.91 886.50

Automotive Properties Real Estate Investment Trust Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Automotive Properties Real Estate Investment Trust's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=402.5+487.413
=889.91

Automotive Properties Real Estate Investment Trust's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=408.474+478.021
=886.50

* 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.

Automotive Properties Real Estate Investment Trust  (OTCPK:APPTF) Total Assets Explanation

Total Assets is connected with ROA %.

Automotive Properties Real Estate Investment Trust's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=61.764/( (889.913+886.495)/ 2 )
=61.764/888.204
=6.95 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Automotive Properties Real Estate Investment Trust's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=17.297/( (889.913+886.495)/ 2 )
=17.297/888.204
=0.02

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Automotive Properties Real Estate Investment Trust Total Assets Related Terms

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Automotive Properties Real Estate Investment Trust (Automotive Properties Real Estate Investment Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Automotive Properties Real Estate Investment Trust (OTCPK:APPTF) » Definitions » Total Assets
Comparable Companies
TSX:HRR.UN XCNQ:NNL.U AMT EQIX CCI DLR SBAC WY IRM GLPI LAMR RYN PCH EPR ASX:ARF ASX:WPR HASI OUT ASX:RFF UNIT
Traded in Other Exchanges
APR.UN:Canada
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.

Automotive Properties Real Estate Investment Trust (Automotive Properties Real Estate Investment Trust) Headlines

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