TSE:AP.UN

Allied Properties REIT (AP.UN.TO)

10.27
+0.05 (0.49%)
as of Jul 3, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 4, 2026, 12:00 am

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

Allied Properties REIT (AP.UN) has faced numerous challenges, particularly in the wake of the pandemic, leading to significant scrutiny from analysts and investors. While several experts believe the company's high-quality assets might translate into long-term value, there’s substantial concern over its balance sheet and the need for further asset sales to regain stability. The consensus seems to be mixed, with some viewing it as a contrarian play due to the potential for a recovery in the office sector, whereas others are cautious about its dividend cuts and increased leverage. Current market sentiment appears to weigh heavily on its ability to improve occupancy rates, with some analysts highlighting that the stock is trading below its net asset value (NAV), indicating a disconnect between its potential value and current trading price. As the REIT navigates these complexities, investors with higher risk tolerance may consider holding while awaiting clearer indicators of recovery.

consensus icon
Consensus
Mixed
valuation icon
Valuation
Undervalued
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PAST TOP PICK
(Top Pick Jul 3/09, Up 57.95%) Aren’t buying any more but still like it.
BUY
CEO will be aggressive in growing the company over the next years.
PAST TOP PICK
(A Top Pick May 20/09. Up 39.96%.) Should continue to grow.
TOP PICK
Pays about 7.5%. Office space in refurbished brick/beam buildings, which gives a pricing advantage. Well run.
TOP PICK
Commercial real estate REIT, mainly Toronto and Montreal. Chose this one for the 8% yield, which is sustainable.
PAST TOP PICK
(A Top Pick July 3/09. Up 7.81%.) Strong and safe distribution. Attractive assets. Unique asset class and well managed.
TOP PICK
Class I brick and beam office buildings primarily in Toronto and all the major centres across Canada. Old industrial buildings that they have retrofitted. Conservative balance sheet management. Will potentially have acquisition opportunities at attractive multiples. 9% yield. Conservative payout.
TOP PICK
3 picks are based on income and he has avoided the more volatile juniors. Canadian REITs are an excellent buy right now.
COMMENT
Fantastic company. Wonderful facilities in Toronto, Montreal and a few other places. Recently sold his holdings because he was concerned that downtown offices were going to be hurt. Probably okay.
TOP PICK
(A Top Pick June 12/08. Down 26.18%.) Lost a little bit of occupancy but still delivered strong free cash flow growth year over year in Q1. Able to retain tenants in a declining market. Payout ratio is very sustainable. Management has a plan to realize significant value internally on their assets.
TOP PICK
Real estate with a relatively stable base of mostly office and type #1 in Toronto. Relatively low turnover. Not much debt coming due in the next while.
PAST TOP PICK
(Top Pick Mar 10/08 Down 15.93%) Doesn’t see it recovering. Distribution at 8% and financing properties at 8% - there’s no benefit there. 9.8% yield is safe.
PAST TOP PICK
(A Top Pick March 20/08. Down 39.6% at time of sale and excluding distributions.)
BUY
(Market Call Minute.) Great quality name with exposure to good markets. Good price.
BUY
Started out with brick and beam buildings where operating costs were much lower. Have diversified from Toronto into Montreal, Winnipeg and Quebec city. Distribution payments are below their free cash flows.
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