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.

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Allied Properties Real Estate Investment Trust > are they doing any buybacks with that DATA center cash ?

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Comment by incomedreamer11on Sep 26, 2023 4:00pm

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Post# 35655482

RE:are they doing any buybacks with that DATA center cash ?

Nope.They will use all proceed for debt reduce and some construction loan to avoid using

floating line of credit.In this environment the best using cash is not bying back or some SIB

of shares.Look what happened with Artis and Dream office ., just pay down debt.In future market

will appreciate

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