What is Allied Properties real estate investment trust?

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada's major cities. Most of the total square footage in the company's real estate portfolio is located in Toronto and Montreal.

How many properties does Allied own?

The REIT’s portfolio consists of 202 total properties including 183 rental properties, and 10 parking properties. The rental properties encompass a total of 14 million sq ft of GLA. Allied is currently developing nine properties, which are expected to add an additional 1.7 million sq ft of GLA.

When did Allied Properties real estate investment trust (Apun tr) announce a dividend?

On date 15 Jun 2023, AP.UN:TOR announced a new dividend of amount 0.150 payable on date 15 Jun 2023 June 17, 2023 As of last trade, Allied Properties Real Estate Investment Trust (AP.UN:TOR) traded at 22.57, 10.85% above the 52 week low of 20.36 set on Jun 26, 2023. Data delayed at least 15 minutes, as of Jul 19 2023 20:28 BST.

Is allied properties poised for a significant deleveraging?

Allied Properties is poised for a significant deleveraging following the planned sale of its data center holdings. It addition to its high quality properties and niche positioning in the office REIT space, Allied has one of the best distribution growth records in the Canadian REIT sector.