Allied Properties Real Estate Investment Trust T.AP.UN

are they doing any buybacks with that DATA center cash ?

[spacegimp]

throw   us   dime !   ,   painful brutal week

[incomedreamer11]

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

[borne2run]

Allied provided full details in a recent press release. Use of Proceeds Allied used $755 million of the proceeds from the sale of the Portfolio to repay all amounts drawn on its unsecured credit facility (the “Facility”). Allied also set aside $200 million of the proceeds to repay a secured promissory note payable on December 31, 2023, and another $49 million to repay its remaining first