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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

Comment by Farmer12on Jul 30, 2024 8:49pm
139 Views
Post# 36155411

RE:Faster property sales then expected…!

RE:Faster property sales then expected…!The payout ratios are still below 100%, even with dividends at these incredibly high interest rate levels.Three transactions were done above IFRS valuations and the other four based on cap rates consistent with AP.UN IFRS value. The sales seem to have been done carefully at fair prices. With + or - $9 billion of unencumbered assets, the financing of 2024 and 2025 debt should not be a stressful issue.Interest rates are coming down very rapidly, ie 2 x 0.25% very recently and another possible one in the month of September, a month only about 32 days away. The mark to market writedowns should be over and some of the developments should start to contribute to the bottom line.
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