Allied Properties Real Estate Investment Trust T.AP.UN

Alternate Symbol(s): APYRF

Allied Properties Real Estate Investment Trust (Allied) is a Canada-based open-end real estate investment trust (REIT). Allied is an owner-operator of distinctive urban workspace in Canada's cities and network-dense urban data centers in Toronto. Its business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity. Allied operates in seven urban markets in Canada, which includes Montreal, Ottawa, Toronto, Kitchener, Calgary, Edmonton and Vancouver. Its urban office properties are managed by geographic location consisting of approximately four groups of cities. Allied engages in third-party property management business, including the provision of services for properties, in which a trustee of the Allied has an ownership interest.

TSX:AP.UN - Post by User

Allied Properties Real Estate Investment Trust > wait, allied at 20$, yielding 9% and a rock solid BS?

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Comment by borne2runon Sep 25, 2023 3:04pm

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Post# 35652917

RE:RE:RE:RE:RE:RE:RE:wait, allied at 20$, yielding 9% and a rock solid BS?

TSX Preferred shares are up 1.25% today. Friday afternoon, TD announced they would redeem the TD.PK.F issue (rate reset, GoC 5 Year +2.59%) at the end of October. Friday close was $21.80, so the redemption was a positive surprise to the depressed pfd market.

I expect the rate reset pfd shares, which have been hammered this year, to turn up before the REITs.
Even the Artis prefs seem to be catching a bid today - AX.pr.E goes ex-div on the 29th.

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