Mr. Andrew Kalra reports

AUTOMOTIVE PROPERTIES REIT COMPLETES $7 MILLION OVER-ALLOTMENT OPTION AND ADDITIONAL SUBSCRIPTION OPTION EXERCISES

Automotive Properties Real Estate Investment Trust has completed the sale of an additional 428,200 units at a price of $11.11 per unit to the syndicate of underwriters for gross proceeds of approximately $4.8-million, pursuant to the partial exercise by the underwriters of the overallotment option granted to them by the REIT in connection with the REIT's previously announced bought deal public offering that closed on Oct. 23, 2025.

In addition, the REIT has completed the sale of 201,247 units to a member of the Dilawri Group, on a private placement basis, at a price of $11.11 per unit, for gross proceeds of approximately $2.2-million, pursuant to the exercise by Dilawri of an option granted to it by the REIT in connection with the previously announced concurrent private placement of units to Dilawri that closed on Oct. 23, 2025. Units sold pursuant to the exercise of the additional subscription option will be subject to a statutory hold period of four months plus one day from the date of issuance.

The closing of the overallotment option and the additional subscription option has increased the total gross proceeds of the offering to approximately $57-million. The REIT intends to use the net proceeds from the offering to repay indebtedness under its credit facilities, including the debt incurred to finance the cash portion of the previously announced acquisition of three automotive dealership properties in Dorval, Que., and the balance, if any, will be used for general trust purposes.

About Automotive Properties Real Estate Investment Trust

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other original equipment manufacturing dealership and service properties located in Canada and the United States. The REIT's portfolio currently consists of 90 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec in Canada, and Florida and Ohio in the United States. Automotive Properties REIT is the only public vehicle in Canada focused on consolidating automotive and OEM dealership and service real estate properties.

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