Allied Properties Real Estate Investment Trust T.AP.UN

AP is getting the snot kicked out of it

[rabnud]

AP has been a realy tragedy in the last month or more  real snot kicking   today alone
cant figure out why other than poor markets last while

[stockrook86]

Its being beaten up as the last Canadian mainly office REIT to not cut or suspend its dividend. Doesn't matter that it has a much better balance sheet than the others, all the doom, pessism and shorts are focused on AP now. Its high yield is now a vicous cycle where all of the shorts assume it must cut, because yield high, doesn't need to make sense - thats the lens its being viewed under

[BlueJay2020]

Just bought another 1000 today.   There's 25% upside just to get to where it was in January - around $21.  And I can't find better than a sustainable circa 11% distribution while I wait.

[rabnud]

agreed  I also have sgr,,fcd and btb  all payiing 10.3-10.8 %

[jmkOttawa]

Such a good purchase. Added as well.

[rabnud]

well you guys are brave down another 20 cents today this reit is really scaring the chit out me I was going to add and now  thinking about dumping and cut my loss before it gets any worse

[BlueJay2020]

I buy and sell on fundamentals not sentiment.

[rabnud]

thats all well and fine  all I know is this thing has done nothing but fall ever the last 6 weeks

[Frankie10]

Untrue... in the past six weeks, Allied has generated free cash flow and distributed it to its unitholders - which it does on a consistent and monthly basis. It just so happens that the market price for the equity of Allied, relative to the aforementioned free cash flow, results in a very handsome and sustainable double-digit yield. Allied is a gem in my levered income portfolio. I like the

[BlueJay2020]

The yield of circa 11 per cent is not sustainable. Howevee, the distribution of $1.80 per annum is sustainable. That, in a nutshell, is why I continue to invest in Alllied.

[rabnud]

well in my world its true I look at I paid $17.50 and its down to $16.40  so what is so untrue about that?  Iam fully aware of the distributions thats irellevent to what my concern is

[BlueJay2020]

Breaking news, Rabnud - stocks go down as well as up. Did you not look at the 5 year chart before buying this stock?  About 15 months ago, this stock was trading just shy of $50.  Going down from $17.50 to $16.40 is really neither here nor there in the long run.  Speaking of the long-run, why did you purchase the stock?  Were you hoping for a quick buck or a long-term hold

[rabnud]

really not my question that I was actually asking  5 years  many many reits were trading double and triple what they are today between the covid BS and severe interest rate hike killed a lot of reits so who cares where it was 5 years ago I sure dont was more looking for information as to the latest decline other than just market  woes or maybe thats all it is ;;Seriously if your