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Allied Properties REIT (AP.UN.TO)

TSE:AP.UN

Allied Properties REIT (AP.UN.TO)

10.03
-0.02 (0.20%)
as of Jun 11, 2026, 8:00:01 pm Market Open.
310 watching
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Investor Insights
star iconJun 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 icon
Consensus
Cautious
valuation icon
Valuation
Undervalued
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Similar
BEI.UN
PAST TOP PICK

Allied Properties REIT(AP.UN.TO)

Feb 16, 2010
(Top Pick Jul 3/09, Up 57.95%) Aren’t buying any more but still like it.
Photo of Ara NalbandianAra Nalbandian
Owned
Unlock Rating
$18.79

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
BUY

Allied Properties REIT(AP.UN.TO)

Feb 12, 2010
CEO will be aggressive in growing the company over the next years.
Photo of Ben ChengBen ChengUnlock Rating
$19.08

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
PAST TOP PICK

Allied Properties REIT(AP.UN.TO)

Jan 19, 2010
(A Top Pick May 20/09. Up 39.96%.) Should continue to grow.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
Owned
Unlock Rating
$19.92

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
TOP PICK

Allied Properties REIT(AP.UN.TO)

Dec 07, 2009
Pays about 7.5%. Office space in refurbished brick/beam buildings, which gives a pricing advantage. Well run.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
Owned
Unlock Rating
$17.80

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
TOP PICK

Allied Properties REIT(AP.UN.TO)

Oct 09, 2009
Commercial real estate REIT, mainly Toronto and Montreal. Chose this one for the 8% yield, which is sustainable.
Photo of Rick StuchberryRick Stuchberry
Owned
Unlock Rating
$16.58

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
PAST TOP PICK

Allied Properties REIT(AP.UN.TO)

Aug 19, 2009
(A Top Pick July 3/09. Up 7.81%.) Strong and safe distribution. Attractive assets. Unique asset class and well managed.
Photo of Ara NalbandianAra Nalbandian
Owned
Unlock Rating
$16.47

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
TOP PICK

Allied Properties REIT(AP.UN.TO)

Jul 03, 2009
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.
Photo of Ara NalbandianAra Nalbandian
Owned
Unlock Rating
$15.05

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
TOP PICK

Allied Properties REIT(AP.UN.TO)

Jun 29, 2009
3 picks are based on income and he has avoided the more volatile juniors. Canadian REITs are an excellent buy right now.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
Owned
Unlock Rating
$14.81

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
COMMENT

Allied Properties REIT(AP.UN.TO)

Jun 25, 2009
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.
Photo of Charles DillinghamCharles Dillingham
No
Unlock Rating
$14.55

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
TOP PICK

Allied Properties REIT(AP.UN.TO)

Jun 03, 2009
(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.
Photo of Dennis Mitchell, CFADennis Mitchell, CFA
Owned
Unlock Rating
$14.19

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
TOP PICK

Allied Properties REIT(AP.UN.TO)

May 20, 2009
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.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.
Owned
Unlock Rating
$14.50

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
PAST TOP PICK

Allied Properties REIT(AP.UN.TO)

May 04, 2009
(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.
Photo of Paul Gardner, CFAPaul Gardner, CFA
No
Unlock Rating
$13.29

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
PAST TOP PICK

Allied Properties REIT(AP.UN.TO)

Mar 26, 2009
(A Top Pick March 20/08. Down 39.6% at time of sale and excluding distributions.)
Photo of Paul Harris, CFAPaul Harris, CFA
No
Unlock Rating
$12.30

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
BUY

Allied Properties REIT(AP.UN.TO)

Mar 17, 2009
(Market Call Minute.) Great quality name with exposure to good markets. Good price.
Photo of Dennis Mitchell, CFADennis Mitchell, CFAUnlock Rating
$12.00

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
BUY

Allied Properties REIT(AP.UN.TO)

Nov 20, 2008
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.
Photo of Michael Simpson, CFAMichael Simpson, CFA
Owned
Unlock Rating
$11.23

Stock price when the opinion was issued

$10.03

As of Jun 11, 2026. Market Open.

investment companiesfunds
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