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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. Its business is providing knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. 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. Its subsidiaries include Allied Properties Management Trust, Allied Properties Management Limited Partnership, and Allied Properties Management GP Limited.


TSX:AP.UN - Post by User

Allied Properties Real Estate Investment Trust > $1.3b is the internal valuation of the data centres
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Comment by KimFuller747on Nov 28, 2022 3:54am
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Post# 35133019

RE:$1.3b is the internal valuation of the data centres

RE:$1.3b is the internal valuation of the data centres
materialsgirl wrote: snippet

Office property owner Allied Properties REIT is considering a sale of its data centre portfolio, a deal that would help the commercial landlord pay down debt as it retools for a new era of higher interest rates and hybrid working.

Allied, best known for its low-rise office buildings in downtown cores, currently owns three data centre properties in downtown Toronto, which are valued internally at $1.3-billion in total. The largest of these properties, 151 Front St., is a major telecom hub.

Data centres are not core to Allied’s property portfolio – they comprise 16 per cent of net operating income – but chief executive officer Michael Emory has long been bullish on them, in part because their industry is a relatively stable one that is always in demand, and Allied owned the premier facility in Canada.

great info thanks

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