Allied Properties Real Estate Investment Trust T.AP.UN

Distribution stands pat at $1.80 for 2024

[BlueJay2020]

I'm a bit disappointed they didn't raise it a couple of cents to stick two fingers up to the market.  But you can't argue with the current double-digit yield.  This is not a market where an increase would be rewarded in the SP, so good discipline from management here.

[jmkOttawa]

And what is even better is that the current generous distribution is sustainable.

[TimeTooSoar]

I'm disappointed no dividend increase. If they stuck to business fundmentals of the business such as they are doing instead of buying back shares then they should of did an annual bump up. 

[Frankie10]

Allied has not bought back units... they marked 100% of the UDC net proceeds for debt repayment and near-term development costs on projects soon to come online and produce NOI, which will further support the sustainability of the distribution. I believe they could have and would have liked to increase distributions. You just poorly articulated why they did not. Given the tremendous price weakness

[TimeTooSoar]

Yeah that was a typo error my bad Frankie, i know they aren't buying back units. I meant to say ... as they stick to business fundmentals (not caring what market thinks, running operations how they normally would)  and not buying back units in this extraordinary time when units are far below NAV... they should of sticked to raising the distribution like they normally would have running

[incomedreamer11]

Allied had meeting with big investors on September and after they decided to calm them with no increase distribution From Scotia September meeting:  In terms of distributions, our sense remains rising occupancy (both AP and D occupancy appears to have troughed) supports in-place distributions at both D and AP, although as mentioned, completing deals is taking a bit longer in the current

[TimeTooSoar]

Well what they believe is wrong, bunch of morons. 

[Frankie10]

I agree. Although I believe the C suite did a great job managing a very challenging time - having sold the UDC portfolio at a very opportune time to fortify the balance sheet - I agree with your point, significant bonuses and/or wage increases given the unit price decay and flat distribution would lead me to think these individuals should not see anything descretionary beyond inflation. With