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 > Paul Gardener, adding office/AP first tiime in years

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Comment by Possibleidiot01on Nov 09, 2023 7:52pm

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Post# 35727336

RE:Paul Gardener, adding office/AP first tiime in years

stockchase.com

PARTIAL BUY

Risk of bankruptcy or takeover?

Bankruptcy is extreme. And he bought it just a week ago. He's not bullish on office or retail, but it gets to the point where it's been hit so hard, you have to put in 1 of 3 real estate chips on a name like this. Premier asset, trading at a 30% discount. There will be a recovery, but it will take a while. Its smaller floor plans are appealing.

Yield almost 11%, but he thinks it's sustainable. Sold data centres earlier this year, so that helped their leverage.

investment companies / funds

$16.520