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CAPITAL AUTO SBI, (CARS) Stock Research Free Stock Rating
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Capital Automotive REIT, through Capital Automotive L.P., operates as a specialty finance company focusing on automotive retail real estate. The company primarily purchases real estate, including land, buildings, and other improvements, which it simultaneously lease to operators of franchised automobile dealerships and motor vehicle service, repair or parts businesses, used vehicle businesses, and other related businesses under long-term, triple-net leases. As of June 30, 2004, the company had 330 properties, consisting of approximately 473 automotive franchises in 31 states in the United States. As a real estate investment trust, the company would not be subject to federal income tax on its taxable income and is required to distribute 90% of its taxable income to its share holders. Capital Automotive was organized under the laws of the state of Maryland in 1997 and is headquartered in McLean, Virginia.
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