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Home CompaniesAllied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust

Real Estate REIT - Office
PortfolioPortfolio WatchlistWatchlist
Company price
3.71 CAD -0.33 ( 8.17%)
Last update at 2026-11-03T20:47:00Z
VOLUME
2704424
Market Cap
2543.13M

Momentum Score

…

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
3.68
Low
4.06
High
52 Week Price Range
14.28
Low
27.91
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Allied Properties REIT is a Canadian owner and manager of office and mixed-use properties concentrated in downtown cores, with a focus on heritage and creative office buildings. Long-term growth drivers include urban densification, demand for amenity-rich office space and redevelopment optionality that could support stable rental cash flows and income generation.
Key risks are structural shifts in office demand from hybrid work, concentration in downtown markets, sensitivity to interest rates and property valuations, and execution or financing risk on major asset projects.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
4.04
Dividend Yield
8.96%
Revenue TTM
553.27M
Revenue Per Share
3.96
Gross Profit TTM
282.42M
Debt / Equity
0.65
ROE
-0.38%
Net Debt
4241.05M
ROCE
2.69%
Diluted EPS TTM
-0.35

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 174.67M 443.15M 500.73M 629.22M 540.28M
Minority interest -6.51M - - - -
Net income 103.80M 443.15M 763.32M 1073.60M 540.28M
Selling general administrative 22.59M 25.83M 22.21M 21.95M 20.90M
Selling and marketing expenses 0.60M 0.57M 1.23M 4.21M 1.61M
Gross profit 295.21M 329.39M 319.01M 287.36M 250.46M
Reconciled depreciation 1.32M 1.17M 1.47M 1.56M 1.56M
Ebit 297.68M 274.92M 310.50M 244.57M 600.14M
Ebitda 299.00M 276.08M 311.97M 246.02M 601.70M
Depreciation and amortization 1.32M 1.17M 1.47M 1.46M 1.56M
Operating income 297.68M 274.92M 310.50M 244.57M 230.23M
Other operating expenses 248.78M 267.07M 266.40M 281.71M 206.16M
Interest expense 70.87M 65.67M 72.37M 59.73M 59.87M
Interest income 32.08M 28.55M 19.82M 17.35M 6.94M
Net interest income -40.72M -92.12M -52.78M -49.05M -60.34M
Income tax expense 70.87M -65.67M -262.59M -444.38M 0.00M
Total revenue 519.47M 568.89M 560.50M 541.45M 436.40M
Total operating expenses 24.52M 27.57M 24.91M 27.62M 20.22M
Cost of revenue 224.26M 239.50M 241.49M 254.09M 185.94M
Total other income expense net -123.01M 168.24M 190.23M 384.66M 310.04M
Discontinued operations 200.69M 111.77M 111.77M 111.77M -
Net income from continuing ops 174.67M 443.15M 500.73M 629.22M 540.28M
Net income applicable to common shares 368.86M 443.15M 500.73M 629.22M 540.28M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 11906.35M 10384.69M 9400.77M 8309.69M 6706.27M
Other current assets 1371.58M 25.19M 28.90M 60.43M 27.15M
Total liab 4783.51M 3958.92M 3223.74M 2591.99M 2331.61M
Total stockholder equity 6581.17M 6425.77M 6177.03M 5717.70M 4374.66M
Other current liab 150.87M 41.60M 67.27M 53.62M 27.01M
Common stock 3909.38M 3902.66M 3884.66M 3725.47M 2835.39M
Capital stock 3909.38M 3902.66M 3884.66M 3725.47M 2835.39M
Retained earnings 2636.94M 2491.96M 2265.33M 1969.97M 1521.04M
Other liab 43.44M 39.69M 36.51M 23.20M -
Other assets 361.29M 507.72M 575.87M 375.52M 306.06M
Cash 20.99M 22.55M 45.51M 208.91M 18.36M
Total current liabilities 824.97M 339.60M 304.83M 276.91M 324.32M
Current deferred revenue 81.49M 81.49M 75.09M 63.84M 59.96M
Net debt 4241.05M 3588.29M 2837.02M 2101.49M 2095.91M
Short term debt 346.93M 36.15M 26.67M 29.24M 106.99M
Short long term debt 346.93M 36.15M 26.67M 29.24M 106.99M
Short long term debt total 4262.04M 3610.83M 2882.53M 2310.40M 2114.27M
Other stockholder equity 34.84M 31.16M 27.05M 22.25M 18.23M
Property plant equipment 9692.83M 9555.29M 8709.55M 7492.13M 6186.23M
Total current assets 1812.74M 310.18M 110.06M 342.72M 316.42M
Long term investments 7.09M 124.79M 117.11M 95.60M 23.20M
Net tangible assets 6581.17M 6425.77M 6177.03M 5717.70M 4374.66M
Short term investments - 113.29M - - -
Net receivables 420.17M 176.18M 35.65M 73.38M 234.29M
Long term debt 3864.26M 3417.14M 2698.79M 2125.94M 1850.62M
Inventory - 86.26M - 0.00M 36.61M
Accounts payable 245.68M 180.36M 169.43M 157.01M 130.36M
Common stock total equity - - 3884.66M 3725.47M 2835.39M
Non currrent assets other 10062.70M 10034.83M 9264.71M 7952.55M 6366.08M
Non current assets total 10093.61M 10074.52M 9290.71M 7966.97M 6389.85M
Capital lease obligations 50.85M 157.55M 157.07M 155.22M 156.66M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -654.35M -8.13M -960.68M -418.38M -445.15M
Change to liabilities 66.18M 6.88M 59.61M 72.55M 54.46M
Total cashflows from investing activities -654.35M -695.80M -960.68M -727.69M -418.38M
Net borrowings 548.90M 681.70M 568.08M 104.68M -43.68M
Total cash from financing activities 331.60M 431.72M 441.02M 673.94M 218.08M
Change to operating activities -18.79M 20.58M -15.90M 10.75M -4.79M
Net income 375.36M 443.15M 500.73M 629.22M 540.28M
Change in cash -1.56M -22.96M -163.40M 190.85M 12.31M
Begin period cash flow 22.55M 45.51M 208.91M 18.06M 6.05M
End period cash flow 20.99M 22.55M 45.51M 208.91M 18.36M
Total cash from operating activities 321.19M 241.11M 356.26M 245.65M 239.38M
Issuance of capital stock 9.18M 20.08M 152.08M 882.10M 435.17M
Depreciation 1.32M 1.17M 1.47M 1.46M 1.56M
Other cashflows from investing activities -13.75M 1.93M 1.93M 1.93M -
Dividends paid 223.31M 215.92M 204.22M 177.76M 152.12M
Change to inventory - - 0.00M 43.34M 43.34M
Change to account receivables -8.48M 7.39M 65.49M -97.31M -0.93M
Sale purchase of stock - - 1296.70M 965.58M 0.00M
Other cashflows from financing activities 1032.86M 1581.44M 1218.98M 822.53M 548.71M
Change to netincome -125.09M -273.96M -287.34M -446.20M -384.21M
Capital expenditures 0.86M 0.34M 0.78M 0.40M 367.49M
Change in working capital 38.91M 34.85M 109.21M 29.33M 51.76M
Stock based compensation 4.42M 4.12M 4.79M 4.02M 3.59M
Other non cash items -98.82M -242.17M -259.94M -418.38M -357.80M
Free cash flow 320.33M 240.78M 355.48M 245.25M 236.77M

Peer Comparison*

Sector: Real Estate Industry: REIT - Office

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
AP-UN
Allied Properties Real Estate Investment Trust		 -0.33
8.17%		 3.71 - 9.52 4.60 0.38 10.87 84.47
D-UN
Dream Office Real Estate Investment Trust		 -0.16
1.01%		 15.68 - 13.39 2.20 0.28 8.65 -38.01
BTB-UN
BTB Real Estate Investment Trust		 -
-%		 3.63 7.33 7.28 2.11 0.55 7.77 13.96
TNT-UN
True North Commercial Real Estate Investment Trust		 -0.01
0.14%		 7.37 - - 1.13 0.32 7.16 -39.32
INO-UN
Inovalis Real Estate Investment Trust		 -0.03
4.69%		 0.61 - - 1.97 0.18 7.03 -8.93

Profile*

Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.

134 Peter Street, Toronto, ON, Canada, M5V 2H2

(416) 977-9002

https://www.alliedreit.com

404

Name Title Year Born
Mr. Michael R. Emory Pres, CEO & Trustee 1956
Ms. Cecilia Catalina Williams C.A., CPA Exec. VP & CFO 1977
Mr. Thomas G. Burns Exec. VP & COO 1956
Mr. Douglas Riches Exec. VP of Special Operations 1951
Mr. Hugh Clark Exec. VP of Devel. 1978
Ms. Nanthini Mahalingam Sr. VP of Fin. & Accounting NA
Mr. Travis Vokey VP of Technology NA
Ms. Anne E. Miatello Sr. VP, Gen. Counsel & Corp. Sec. NA
Mr. David Doull VP of Talent NA
Mr. Sean Timothy Low Sr. VP of Leasing 1964

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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