Allied Properties Real Estate Investment Trust
TSX:AP.UN

Watchlist Manager
Allied Properties Real Estate Investment Trust Logo
Allied Properties Real Estate Investment Trust
TSX:AP.UN
Watchlist
Price: 16.93 CAD -0.24% Market Closed
Market Cap: 2.4B CAD

Allied Properties Real Estate Investment Trust
Investor Relations

Allied Properties Real Estate Investment Trust is a compelling narrative in the landscape of urban property markets. Born from a desire to transform underutilized spaces into vibrant community assets, Allied has established itself as a cornerstone in Canada’s real estate sector. The company specializes in revitalizing urban spaces, primarily focusing on office properties that are integral to the fabric of major Canadian cities. Their portfolio stretches across cities like Toronto, Montreal, Vancouver, and Calgary, encapsulating a wide array of architectural styles and historical significance. Allied's strategic emphasis on major urban centers offers it the advantage of a consistent, thriving clientele ranging from tech startups to established corporations, all seeking inspiring work environments.

At the heart of Allied’s strategy is its adeptness at appreciating the intrinsic value of urban cores. The company thrives by acquiring, developing, and managing distinctive urban properties that foster community and innovation. Allied generates revenue through leasing its creative office spaces, benefiting from long-term, stable cash flows. These spaces are not just about housing businesses; they are about creating environments where ideas can flourish, centered around properties with a blend of historic charm and modern functionality. Additionally, Allied is deeply committed to sustainability, often updating and retrofitting its properties with green technologies to enhance energy efficiency. This not only aligns with evolving urban policies but also attracts environmentally-conscious tenants, further solidifying Allied’s status as a leader in urban real estate.

Show more
Loading
AP.UN
S&P TSX Composite Index (Canada)

Earnings Calls

2025 Q1
May 1, 2025
Show Transcript
Previous
Next
Allied Properties Sees Strong Leasing Momentum and Financial Stability
2025 Q1
May 1, 2025

In Q1 2025, Allied Properties reported a 3.5% increase in operating income and a 1.5% rise in same-asset NOI, driven by rising demand for urban office space. The retention rate reached 75%, marking a notable recovery. The company's liquidity remains robust with over $700 million available as they target to reduce net debt to EBITDA below 10x by year-end. They continue to improve their balance sheet with $850 million in refinancing, maintaining stable rental rates and a strong leasing pipeline, now up 39% to 1.3 million square feet under negotiation. Growth initiatives remain on track despite market uncertainties.

Show Full Analysis

Management

Mr. Michael R. Emory
Founder & Executive Chair
No Bio Available
Ms. Cecilia Catalina Williams C.A., CPA
President, CEO & Trustee
No Bio Available
Ms. Nanthini Mahalingam CPA
Senior VP & CFO
No Bio Available
Ms. Anne E. Miatello
Senior VP, General Counsel & Corporate Secretary and Compliance Officer
No Bio Available
Mr. J.P. Mackay
Senior Vice President of National Operations
No Bio Available
Mr. Andrew Cooper
Vice President of Finance & Accounting
No Bio Available
Mr. Travis Vokey
Senior Vice President of Technology and Innovation
No Bio Available
Mr. David Doull
Senior Vice President, People and Brand
No Bio Available
Mr. Douglas Riches
Executive Vice President of Special Operations
No Bio Available
Mr. Jean-François Burdet
Senior Vice President of Montreal and Ottawa
No Bio Available

Contacts

Address
ONTARIO
TORONTO
134 Peter St Suite 1700
Contacts
+14169779002.0
alliedreit.com