TSE:AP.UN

Allied Properties REIT (AP.UN.TO)

10.45
+0.43 (4.29%)
as of Jul 24, 2026, 8:00:01 pm Market Open.
309 watching
0
Investor Insights
star iconJul 24, 2026, 12:00 am

This summary was created by AI, based on 18 opinions in the last 12 months.

Allied Properties REIT (AP.UN-T) is facing significant challenges amidst a tough office market, compounded by management decisions such as a substantial dividend cut and a recent capital raise. Analysts highlight a mixed sentiment; while some see potential for recovery and undervaluation relative to net asset value (NAV), others express concerns about leadership confidence and ongoing balance sheet pressures. The stock is seen fluctuating between being a risky investment with potential upside if occupancy rates improve, against a backdrop of higher vacancy levels. Despite having quality assets in Toronto and Montreal, the future remains uncertain as the return-to-office trend shows slow signs of recovery and overall economic conditions continue to pose challenges for the REIT's performance.

consensus icon
Consensus
Mixed
valuation icon
Valuation
Fair Value
review icon
Similar
PMZ.UN
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.
Showing 151 to 165 of 214 entries