AP Eagers (ASX:APE)
A.P. Eagers Limited is a pure automotive retail group with its main operations in Queensland, Adelaide, Darwin, Melbourne, Sydney, the Newcastle/Hunter Valley region of New South Wales and Tasmania. The Company represents a diversified portfolio of automotive brands, including all 20 of the top 20 selling car brands in Australia and 10 of the top 11 selling luxury car brands. In total, the Company represents 33 car brands and 11 truck and bus brands. Its core business consists of the ownership and operation of motor vehicle dealerships. The Company provides full facilities including the sale of new and used vehicles, service, parts and the facilitation of allied consumer finance.
Its operations are generally provided through strategically clustered dealerships, many of which are situated on properties owned by us, with the balance leased.
The company owns $307 M of prime real estate positioned in high profile, main road locations in Brisbane, Sydney, Melbourne, Adelaide, and Newcastle.