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Allied Properties Real Estate Investment Trust (TSE:AP.UN)
TSX:AP.UN
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.2Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -3.85%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter with positive leasing activity, financial performance, and strategic progress in development and financing. Despite economic uncertainties and specific market challenges, the company demonstrates resilience and confidence in achieving its targets.Company Guidance
During the Allied Properties First Quarter 2025 Conference Call, several key metrics were highlighted. The company achieved a 3.5% increase in operating income and a 1.5% rise in same-asset net operating income (NOI) compared to Q1 2024. The average in-place net rent per occupied square foot increased by 5% to $25.30, with a retention rate at a historical level of 75%. They completed $850 million in refinancing with negligible impact on annual interest expenses and maintained strong liquidity with over $700 million available. The balance sheet was strengthened by reducing net debt to EBITDA, targeting below 10x by the end of 2025. Leasing activity showed resilience with a 43% conversion rate from 507,000 square feet of completed leasing, and tour activity was up 10% from the previous quarter. Additionally, the company remained committed to its disposition program with $50 million in assets under contract, aimed at reducing debt further.Leasing and Operational Resilience
Positive same-asset NOI, improved retention to 75%, and a stable leased area with a 10% increase in tour activity from the prior quarter.
Development and Upgrade Progress
Progress on development projects like M4 in Vancouver and King Toronto, with projects expected to complete by end of next year. Secured a long-term lease with a global retailer at King Toronto.
Strong Balance Sheet and Financing Achievements
Refinanced $850 million, resulting in negligible impact on annual interest expense. Improved debt profile, with a shift from short-term variable rate debt to longer-term fixed rate debt.
Financial Performance Highlights
Operating income grew by 3.5% and same asset NOI increased by 1.5% year-over-year. Average in-place net rent per occupied square foot increased by 5%.
Positive Leasing Activity
Completed 507,000 square feet of leasing activity with a 43% conversion rate. Leasing pipeline increased by 39% compared to the previous quarter.
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Allied Properties Real Estate Investment Trust (TSE:AP.UN) Earnings, Revenues Date & History
TSE:AP.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:AP.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 30, 2025 | C$15.34 | C$15.25 | -0.59% |
| Feb 04, 2025 | C$16.58 | C$16.69 | +0.70% |
| Oct 30, 2024 | C$18.31 | C$17.42 | -4.87% |
| Jul 30, 2024 | C$16.15 | C$15.32 | -5.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Allied Properties Real Estate Investment Trust (TSE:AP.UN) report earnings?
Allied Properties Real Estate Investment Trust (TSE:AP.UN) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Allied Properties Real Estate Investment Trust (TSE:AP.UN) earnings time?
Allied Properties Real Estate Investment Trust (TSE:AP.UN) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:AP.UN EPS forecast?
Currently, no data Available
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