Allied Properties Real Estate Investment Trust T.AP.UN

Uptick ahead?

[BlueJay2020]

Will investors with room in their non-registered accounts be jumping in to this stock now that they won't get dinged with a massive taxable but largely non-cash distribution?  I'd like to think so, but some may take the view that the upside isn't significant enough to warrant the risk.  It's hard to see beyond a target of $25 in my view, which would be just under 25% plus 10% divi.   That's great, but a lot less than for other similar names like TNT, Dream and NWH.  Mind you, Allied is best in class.

If I had to guess, I think we will see a slow grind up as we have been doing in the last quarter, but no spectacular advances.

[Frankie10]

Interesting take, considering Dec 13... 

[BlueJay2020]

Yeah, Dec 13 was nice!  It obviously gets harder and harder to replicate that as the SP climbs.  The other factor is I don't think management will be reacting to the stock price.  They just do their own thing. TNT have taken a very different approach with their buyback instead of distribution - pretty ballsy. 

[Frankie10]

Dec 13 was a taste of how these will move should rates need to be cut. The unhedged/variable debt along with the WALT and occupancy rate is perfectly teed up for a complete economic crash where everything bleeds and the central banks sprint to plug the hole with QE and rate cuts. I'm not predicting this - simply pointing to a day as a reference for a sense of what we could potentially