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Allied Properties Real Estate Investment Trust (TSE:AP.UN)
TSX:AP.UN
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.13Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -5.72%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong leasing activity, improved retention rates, and successful asset dispositions, but also noted challenges such as increased vacancy in Vancouver and temporary financial metric pressures due to recent acquisitions. Overall, while there are positive trends, some financial challenges remain.Company Guidance
During the Allied Properties REIT Fourth Quarter 2024 earnings call, key guidance metrics for 2025 included a target to increase both occupied and leased areas to at least 90% by year-end. The company plans to achieve this by leveraging strong leasing momentum observed in 2024, where leasing activity was up 14% year-over-year, with new leasing activity increasing by 41%. The retention rate improved to 69% in 2024, with expectations to approach the historical rate of 75% in 2025. Development completions are expected to contribute $13 million to annual EBITDA in 2025, with same asset NOI for the total portfolio projected to increase by 4.8%. On the financial front, Allied aims to reduce net debt to EBITDA below 10x by the end of 2025, aided by $300 million in targeted asset dispositions. Despite anticipated challenges, including a 4% contraction in FFO and AFFO due to higher interest expenses, the company remains optimistic about strengthening its balance sheet and achieving its operational goals.Increased Leasing Activity
Leasing activity increased by 14% compared to the prior year, with new leasing activity up by 41% and the conversion rate for new leasing activity reaching 55% in the second half of 2024.
Improved Retention Rate
Retention rate improved to 69% in 2024, up from 61% in 2023, approaching the historical rate of 75%.
Strong User Engagement Results
Net promoter score increased by 30%, exceeding the industry average by 150%, indicating strong user satisfaction and supporting leasing activity.
Completion of Non-Core Asset Dispositions
Disposed of non-core assets totaling $229 million in 2024, above the target of $200 million, with proceeds allocated to debt repayment.
Increase in Net Operating Income
Achieved a 6.5% increase in net operating income compared to Q4 2023, and a 5.4% increase in average in-place net rent per occupied square foot.
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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 |
|---|---|---|---|
| Feb 04, 2025 | C$16.74 | C$16.86 | +0.71% |
| Oct 30, 2024 | C$18.48 | C$17.59 | -4.86% |
| Jul 30, 2024 | C$16.31 | C$15.47 | -5.16% |
| Apr 30, 2024 | C$15.40 | C$15.38 | -0.12% |
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 Apr 30, 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 Apr 30, 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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