Allied Properties REIT (AP.UN.TO) Buy, Sell…

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Allied Properties REIT (AP.UN.TO)

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10.03

-0.02 (0.20%)

as of Jun 11, 2026, 8:00:01 pm Market Open.

310 watching

Investor Insights

Jun 11, 2026, 12:00 am

This summary was created by AI, based on 20 opinions in the last 12 months.

Allied Properties REIT (AP.UN-T) has faced significant challenges in the wake of the COVID-19 pandemic, particularly in the office real estate sector, leading to a drop in occupancy rates and a substantial cut to its dividend by approximately 60%. While some analysts see potential upside given its strong asset base and recent moves to sell properties for balance sheet stabilization, concerns about management effectiveness and the overall economic climate persist. Various experts have pointed out the substantial gap between the current trading price and net asset value (NAV), with some suggesting the company is undervalued. However, cautious sentiment remains due to the risks associated with a further downturn in the office sector and high leverage levels. Investors with a higher risk tolerance might consider holding onto their positions, though many express reservations regarding future performance and the sustainability of returns.

Consensus

Cautious

Valuation

Undervalued

Similar

BEI.UN

TOP PICK

Everybody is yield starved so this is the area to focus on. Canadian REITs have a very low cost to capital, which is why they are growing nicely. This one has a very strong portfolio of Class 1 real estate, half of it in Toronto and are going through a process to intensify the use of it. Thinks they can get 10% distribution growth. 4.4% dividend.

COMMENT

This is a unique Canadian REIT that has wonderful assets in major cities, Montréal and Toronto particularly that are very well located. Doing a join venture with RioCan (REI.UN-T) which is progressive and positive. Stock has moved a lot and is pricey, but over time you will do well because they are doing the right stuff. If you are a long-term investor, this is a Buy.

HOLD

Likes it but doesn't own it. 4.3% dividend. You can hold this for the distribution and its long-term growth.

HOLD

Owns Class I industrial type properties, brick/beam type office buildings across Canada. Their national market share is 20%. Great management. Expects in the next 3, 4, 5 years, they will be really focusing on unlocking some development potential. Once they undertake take this, they could potentially add $3-$4 to the stock.

TOP PICK

Converted industrial brick and beam buildings in Toronto, Montréal and Winnipeg. Just started expanding out West with 15% of their buildings in Vancouver, Edmonton and Calgary. Given that they are 50% cheaper than the traditional office space, they are quite defensive. 4.7% yield.

BUY

All of the REITs have been a good place to be. Have benefited from cost of capital coming down and locking in at very low interest rates and leases have been very strong. Have about 26% of their lease portfolio coming due by 2013 at 8% below market prices. Trading little bit pricier than competition but their growth is worth it.

PAST TOP PICK

(A Top Pick Aug 20/10. Up 18.07%. )

BUY

Worth between $22-$23 right now. 10% all in return, then material upside in the next 3-4 years. Short-term volatility. Distribution is sustainable. Management has a proven track record.

BUY

Focus is historical or heritage real estate. King and Spedina, Batherst and King, areas of Toronto. Likes the name. Intrigued about their venture into data centers – high return per square foot / expensive to operate. He hopes they will do more of this.

PAST TOP PICK

(Top Pick Oct 9/09, Up 49.08%)

TOP PICK

Buy Class I office buildings (brick and beam) in Toronto, Montreal, Quebec and Calgary. Great management and great assets and a very strong cash flow. This quarter and next will be rocky because of occupancy issues. Under $20 is a great buying opportunity.

BUY

It’s post and beam, rebuilds in the middle of cities. Down town, lot in Toronto, Montreal. Low payout ratio. Debt is relatively low. Have small tenants, short leases and some tenants aren’t the best of quality. Interesting management.

BUY

Disappointed a little bit on their last numbers but are an excellent group. Have done well on their Montreal properties. About 91% payout ratio. Might be in for a period of a small correction right now but doesn't expect any serious trouble.

PAST TOP PICK

(A Top Pick June 3/09. Up 45.5% excluding distributions.) Still a Buy.

BUY

Brick and beam office buildings in Toronto, Montreal and Quebec city. Distributions will not be increased in 2010.

Showing 136 to 150 of 214 entries

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Allied Properties REIT (AP.UN.TO)