ABOUT US OUR PROPERTIES INVESTOR RELATIONS ACQUISITION CRITERIA CONTACT ABOUT US Automotive Properties REIT (TSX: APR.UN) is an unincorporated open-ended real estate investment trust focused on investing in high-quality automotive dealerships properties in strategic Canadian urban markets. 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. The REIT’s portfolio currently consists of 66 income-producing properties, located on approximately 200 acres throughout metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec. The properties encompass approximately 2.5 million square feet of gross leasable area, and are occupied by retail automotive dealerships, service centres and ancillary businesses. The automotive dealership businesses represent the largest, most recognizable global automotive brands ranging from mass market vehicle brands through to the ultra-luxury segment, with a focus on European and Asian brands. Automotive Properties REIT’s tenants currently include: the Dilawri Group, AutoCanada Inc., Drive Auto Group, Go Auto, Mierens Automotive Group, and Pfaff Auto Group (Lithia Motors Inc.). Overview Automotive Properties REIT (TSX: APR.UN) offers investors exposure to a unique real estate asset class. The REIT is focused on owning and acquiring automotive dealership properties in long-term growth markets in Canada. Canada’s automotive retail industry is characterized by strong industry fundamentals. It is the largest component of retail sales and merchandise in Canada, with $151 billion of industry sales in 2020¹ (25% of Canada’s overall retail sales of products and merchandise¹). In addition to robust sales performance, automotive dealerships have demonstrated strong profitability. The REIT’s property leases are structured as triple-net leases under which the tenant is responsible for all costs relating to repair and maintenance, realty taxes, property insurance, utilities and all non-structural capital improvements. The REIT’s portfolio has a weighted average lease term of approximately 11.9 years (as at September 30, 2021) and leases include contractual fixed rent increases, providing long-term organic growth. These strong fundamentals and an attractive leasing profile support the stability of Automotive Properties REIT’s Unitholder distributions. The REIT currently pays monthly cash distributions to Unitholders of $0.067 per Unit, representing $0.80 per Unit on an annualized basis. Strategy and Objectives The primary strategy of the REIT is to create long-term value for Unitholders by generating sustainable tax-efficient cash flow and capital appreciation. The primary objectives of the REIT are to: provide Unitholders with stable, predictable and growing monthly cash distributions on a tax-efficient basis; maximize long-term Unitholder value by enhancing the value of the REIT’s assets; and expand the REIT’s asset base while also increasing adjusted funds from operations (AFFO) per unit. Management intends to grow the value of the REIT’s real estate portfolio while also increasing AFFO per Unit through accretive acquisitions and steady growth in rental rates. The REIT is leveraging its strategic arrangement with the its lead tenant, the Dilawri Group, Canada’s largest dealership owner, to acquire properties from the Dilawri Group that meet the REIT’s investment criteria. The REIT is also capitalizing on acquisition opportunities presented by other automotive dealership groups and owners that are interested in the recapitalization or sale of their business. Management is focused on acquiring properties that contribute to the REIT’s ability to generate stable, predictable and growing monthly cash distributions to Unitholders. Since its initial public offering in July 2015, the REIT has completed 40 property acquisitions for a combined purchase price of approximately $530 million. 1 Statistics Canada Team Management Team Trustees Milton Lamb Andrew Kalra Milton Lamb President and Chief Executive Officer Milton Lamb is President and Chief Executive Officer of Automotive Properties REIT. With over 26 years of experience in the Canadian commercial real estate industry, Mr. Lamb has achieved a track record of successful commercial real estate transactions, development projects, and joint ventures totaling over $2.5 billion. Mr. Lamb has worked with the largest global real estate service companies including CBRE, Jones Lang Wootton (now known as JLL) and, most recently, Colliers International as Senior Vice President, a position he held from 2007 until joining Dilawri Real Estate Group as President in 2015. During his tenure at Colliers International, Mr. Lamb was Chair of the National Investment Services from 2008 to 2013, represented Canada on Colliers Global Investment Services and Colliers Investment Services Group (USA) for seven years. Mr. Lamb is a registered real estate broker and sole proprietor of Bream Realty Limited registered with the Real Estate Council of Ontario. Mr. Lamb was formerly a director of NAIOP Toronto and Big Brothers Big Sisters Toronto, and is currently a mentor for NAIOP Developing Leaders. Governance Automotive Properties REIT benefits from the active oversight of a seasoned Board whose Members offer diverse professional experience that spans the automotive industry, commercial real estate, corporate governance, finance and accounting. The mandate of the Board is to provide governance and stewardship to the REIT and its business for the benefit of all REIT stakeholders. Committees and Membership Audit Committee Louis Forbes, Chair Patrica Kay Stuart Lazier John Morrison Governance, Compensation and Nominating Committee Stuart Lazier, Chair Louis Forbes Patrica Kay John Morrison Policies and Charters (PDFs) Audit Committee Charter Board Mandate Position Descriptions Chair / Lead Trustee / CEO / CFO Code of Conduct Disclosure Policy Governance Compensation & Nominating Committee Charter Whistleblower Policy Insider Trading Policy Majority Voting Policy Declaration of Trust Diversity Policy Environmental & Corporate Social Responsibility Policy Contact Info 647 789-2440 Email Contact Offices 133 King Street East Suite 300 Toronto, Ontario M5C 1G6 Menu Home About Us Our Properties Investor Relations Acquisition Criteria Contact © 2021 – Automotive Properties REIT, All Rights Reserved