Shares of Automotive Properties Real Estate Investment Trust (OTCMKTS:APPTF – Get Free Report) rose 21.2% during trading on Monday . The company traded as high as C$10.27 and last traded at C$10.27. Approximately 1,000 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 4,100 shares. The stock had previously closed at C$8.47.
Automotive Properties Real Estate Investment Trust Price Performance
The business’s fifty day moving average price is C$8.53 and its 200 day moving average price is C$8.23.
About Automotive Properties Real Estate Investment Trust
Automotive Properties Real Estate Investment Trust is a Canada-based real estate investment trust focused on owning and managing automotive-related commercial properties. Established in 2016, the trust acquires, leases and operates a diversified portfolio of properties that support the automotive industry, including dealership showrooms, parts distribution centers, service and collision repair facilities, as well as ancillary warehousing and logistics sites.
The trust’s core business activities involve sourcing high-quality assets in strategic locations, negotiating long-term triple-net leases with leading automotive brands and managing those properties to maintain and enhance their value.
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