Automotive Properties REIT Announces Results of Voting at Annual Meeting

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TORONTO, May 21, 2025 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the "REIT") today announced the results of voting at its annual meeting of unitholders held earlier today (the "Meeting"). Each of the matters voted upon at the Meeting as set out below is described in greater detail in the Notice of Annual Meeting of Unitholders and Management Information Circular of the REIT dated April 8, 2025.

The total number of trust units represented by holders by proxy at the Meeting was 21,408,682, representing 43.59% of the REIT's outstanding trust units entitled to be voted.

Election of Trustees

All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees to hold office until the next annual meeting following their election or until their successors are elected or appointed. The results of the vote are set out below:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Kapil Dilawri	21,060,572	98.67 %	284,820	1.33 %
Patricia Kay	21,057,402	98.65 %	287,990	1.35 %
Milton Lamb	21,237,592	99.49 %	107,800	0.51 %
Stuart Lazier	21,057,242	98.65 %	288,150	1.35 %
James Matthews	21,069,517	98.71 %	275,875	1.29 %
Julie Morin	21,244,041	99.53 %	101,351	0.47 %
John Morrison	21,231,247	99.47 %	114,145	0.53 %

Appointment of Auditors

BDO Canada LLP was reappointed as auditor of the REIT and the trustees were authorized to fix the auditor's remuneration.  The results of the vote are set out below:

Votes For	% Votes For	Votes Withheld	% Votes Withheld
21,332,726	99.65 %	75,956	0.35 %

About Automotive Properties REIT

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other OEM dealership and service properties located in Canada and the United States. The REIT's portfolio currently consists of 80 income-producing commercial properties, representing approximately three million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec 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. For more information, please visit: www.automotivepropertiesreit.ca.

SOURCE Automotive Properties Real Estate Investment Trust

For more information please contact: Bruce Wigle, Investor Relations, Tel: [phone]