TSE:AP.UN
40.38
0.00
(0.00%)
Allied Properties REIT
AP.UN-T
Analysis and Opinions about AP.UN-T
Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 26, 2020
Likes it, but hesitant to invest in office right now. Potential value is there, but corporations will be pausing on any need for offices. Great assets, great land, but no need to rush in today.
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Likes it, but hesitant to invest in office right now. Potential value is there, but corporations will be pausing on any need for offices. Great assets, great land, but no need to rush in today.
DON'T BUY
DON'T BUY
November 10, 2020
It's still early to buy office space. AP has benefited a lot from a tight Toronto office market. But there's a lot of new space coming on market. AP's clients, like Shopify, have said they won't need office space, though he doesn't think Allied is at risk. However, this trend could dampen their asking rates in the future. AP has a great density story with lots of excess capacity to build, but entering a weaker office market, this timeline has been pushed out. Maybe the value is here long-term, but he'd steer clear of AP in the short term.
It's still early to buy office space. AP has benefited a lot from a tight Toronto office market. But there's a lot of new space coming on market. AP's clients, like Shopify, have said they won't need office space, though he doesn't think Allied is at risk. However, this trend could dampen their asking rates in the future. AP has a great density story with lots of excess capacity to build, but entering a weaker office market, this timeline has been pushed out. Maybe the value is here long-term, but he'd steer clear of AP in the short term.
BUY
BUY
February 21, 2020
He is a big fan of this company and likes their management team. Their own risk management tolerance is low. A lot of buildings in Toronto and Vancouver, but they also hold office space in tight markets. They find older buildings and turn into nice new spaces. The balance sheet is healthy.
He is a big fan of this company and likes their management team. Their own risk management tolerance is low. A lot of buildings in Toronto and Vancouver, but they also hold office space in tight markets. They find older buildings and turn into nice new spaces. The balance sheet is healthy.
BUY WEAKNESS
BUY WEAKNESS
November 27, 2019
It is well positioned in Toronto office space that is in niche places. It trades at a fair price, it is not cheap. If you own it, continue to hold it. Toronto has some of the lowest office vacancy rates in North America. He is waiting to buy it at a discount to NAV.
Show full opinionHide full opinionIt is well positioned in Toronto office space that is in niche places. It trades at a fair price, it is not cheap. If you own it, continue to hold it. Toronto has some of the lowest office vacancy rates in North America. He is waiting to buy it at a discount to NAV.
PAST TOP PICK
PAST TOP PICK
October 7, 2019
(A Top Pick Jul 16/19, Up 14%) The REITs and consumer staples have done well since the summer. He may shave his REIT holdings though. AP.U has had a sharp move upwards in recent months so he may take some profits.
Show full opinionHide full opinion(A Top Pick Jul 16/19, Up 14%) The REITs and consumer staples have done well since the summer. He may shave his REIT holdings though. AP.U has had a sharp move upwards in recent months so he may take some profits.
BUY
BUY
September 6, 2019
Fundamentally, maybe it is too expensive. But technically, it is looking very well. Would be a buyer or holder, since it is going higher and higher slowly. They own office properties especially around the Toronto area
Show full opinionHide full opinionFundamentally, maybe it is too expensive. But technically, it is looking very well. Would be a buyer or holder, since it is going higher and higher slowly. They own office properties especially around the Toronto area
COMMENT
COMMENT
September 5, 2019
If Toronto's going to become like Manhatten, we have to build up. Companies like this own the best real estate. Toronto is exploding, and it won't stop. Tremendous operators. Moved into data connecting. Valuation has run up, and this gives him pause.
Show full opinionHide full opinionIf Toronto's going to become like Manhatten, we have to build up. Companies like this own the best real estate. Toronto is exploding, and it won't stop. Tremendous operators. Moved into data connecting. Valuation has run up, and this gives him pause.
BUY WEAKNESS
BUY WEAKNESS
August 22, 2019
In a TFSA or cash account? Can't advise on which account. Allied is a great play if you want to play the strong Toronto office market. They're attracting tech tenants in the hip office areas. A great management team and a sharp balance sheet. But the share price is topping out. Own this and sleep well at night.
Show full opinionHide full opinionIn a TFSA or cash account? Can't advise on which account. Allied is a great play if you want to play the strong Toronto office market. They're attracting tech tenants in the hip office areas. A great management team and a sharp balance sheet. But the share price is topping out. Own this and sleep well at night.
HOLD
HOLD
July 31, 2019
A pure play office REIT in Toronto, where supply and demand is favorable. A good hold. Yield 3.3%
Show full opinionHide full opinionA pure play office REIT in Toronto, where supply and demand is favorable. A good hold. Yield 3.3%
TOP PICK
TOP PICK
July 16, 2019
They will be rangbound and are defensive. A good summertime play. Have REITs in your portfolio for the dividend and defensiveness. He aims to make 5% over the next few months.
Show full opinionHide full opinionThey will be rangbound and are defensive. A good summertime play. Have REITs in your portfolio for the dividend and defensiveness. He aims to make 5% over the next few months.
TOP PICK
TOP PICK
July 9, 2019
They repurpose real estate in high return markets. They have done this will deleveraging their balance sheet. One of the few international REITs in Canada. A pullback in stock price makes this a good time to enter. Yield 3.3% (Analysts’ price target is $51.58)
Show full opinionHide full opinionThey repurpose real estate in high return markets. They have done this will deleveraging their balance sheet. One of the few international REITs in Canada. A pullback in stock price makes this a good time to enter. Yield 3.3% (Analysts’ price target is $51.58)
DON'T BUY
DON'T BUY
May 29, 2018
Always liked it. It's the best in class, dealing in the industrial space in Canadian cities. They have executed very well. They beat their last quarter and outperform the market. But it trades at a pricey 26x AFFO which gives him pause. It rents small office space that's attracting tech companies. This is in the sweet spot, but this REIT is hard to own when it's this expensive.
Always liked it. It's the best in class, dealing in the industrial space in Canadian cities. They have executed very well. They beat their last quarter and outperform the market. But it trades at a pricey 26x AFFO which gives him pause. It rents small office space that's attracting tech companies. This is in the sweet spot, but this REIT is hard to own when it's this expensive.
PAST TOP PICK
PAST TOP PICK
December 5, 2017
(A Top Pick Nov 8/16. Up 26%.) One of the highest quality Canadian REITs available. Focused on the major urban centres. The only negative is that it’s trading at a bit of a premium to most analysts’ estimates NAV, so he would be a little cautious. The argument would be that in the next 12 months it will grow into that premium. Dividend yield of 3.7%.
(A Top Pick Nov 8/16. Up 26%.) One of the highest quality Canadian REITs available. Focused on the major urban centres. The only negative is that it’s trading at a bit of a premium to most analysts’ estimates NAV, so he would be a little cautious. The argument would be that in the next 12 months it will grow into that premium. Dividend yield of 3.7%.
DON'T BUY
DON'T BUY
September 7, 2017
Industrial, office and retail. They expanded into the US. There was a little selloff with the raise in rates. The rest of the rate increases are baked into the stock price.
Industrial, office and retail. They expanded into the US. There was a little selloff with the raise in rates. The rest of the rate increases are baked into the stock price.
TOP PICK
TOP PICK
January 31, 2017
An office REIT, not necessarily a cheap one, but does have a lot of development potential. They own Class I brick and beam office buildings, which tend to be older office buildings where you see a lot of advertising and technology companies in. There is scarcity value. They have dominant market share in Canada. The nicest thing is the development intensification potential, because in some cases they are taking these buildings, expanding them, building them up, and will be able to get much better yields when they do that. Dividend yield of 4.51%. (Analysts’ price target is $38.53.)
An office REIT, not necessarily a cheap one, but does have a lot of development potential. They own Class I brick and beam office buildings, which tend to be older office buildings where you see a lot of advertising and technology companies in. There is scarcity value. They have dominant market share in Canada. The nicest thing is the development intensification potential, because in some cases they are taking these buildings, expanding them, building them up, and will be able to get much better yields when they do that. Dividend yield of 4.51%. (Analysts’ price target is $38.53.)
Allied Properties REIT(AP.UN-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 3
Allied Properties REIT(AP.UN-T) Frequently Asked Questions
What is Allied Properties REIT stock symbol?
Allied Properties REIT is a Canadian stock, trading under the symbol AP.UN-T on the Toronto Stock Exchange (AP-UN-CT). It is usually referred to as TSX:AP.UN or AP.UN-T
Is Allied Properties REIT a buy or a sell?
In the last year, 3 stock analysts published opinions about AP.UN-T. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Allied Properties REIT.
Is Allied Properties REIT a good investment or a top pick?
Allied Properties REIT was recommended as a Top Pick by Michelle Wearing on 2020-11-26. Read the latest stock experts ratings for Allied Properties REIT.
Why is Allied Properties REIT stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Allied Properties REIT worth watching?
3 stock analysts on Stockchase covered Allied Properties REIT In the last year. It is a trending stock that is worth watching.
What is Allied Properties REIT stock price?
On 2020-12-01, Allied Properties REIT (AP.UN-T) stock closed at a price of $40.38.
