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Allied Properties Real Estate Investment Trust (TSE:AP.UT)
TSX:AP.UT
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Allied Properties Real Estate Investment Trust (AP.UT) AI Stock Analysis

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TSE:AP.UT

Allied Properties Real Estate Investment Trust

(TSX:AP.UT)

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Neutral 45 (OpenAI - 5.2)
Rating:45Neutral
Price Target:
C$10.00
▼(-8.42% Downside)
Action:ReiteratedDate:03/12/26
The score is primarily held back by deteriorating profitability and increasing leverage despite stable gross margin and positive free cash flow. Technicals are notably bearish with the stock well below key moving averages and negative MACD, reinforcing downside momentum. Valuation is mixed: a very high dividend yield is supportive, but the negative P/E and weak earnings quality temper the benefit.
Positive Factors
Urban-focused portfolio & active management
Concentration in well-located urban office assets and an active asset-management strategy support long-term occupancy and rental resilience. This geographic and product focus helps preserve tenant demand and value capture through renewals, redevelopments, and targeted leasing over multiple cycles.
Negative Factors
Rising leverage and shrinking equity
Material increase in leverage and declining equity reduce financial flexibility and increase refinancing risk. In an office sector under pressure, higher debt ratios limit ability to fund redevelopments, absorb vacancy shocks, or opportunistically acquire, increasing structural balance-sheet vulnerability over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Urban-focused portfolio & active management
Concentration in well-located urban office assets and an active asset-management strategy support long-term occupancy and rental resilience. This geographic and product focus helps preserve tenant demand and value capture through renewals, redevelopments, and targeted leasing over multiple cycles.
Read all positive factors

Allied Properties Real Estate Investment Trust (AP.UT) vs. iShares MSCI Canada ETF (EWC)

Allied Properties Real Estate Investment Trust Business Overview & Revenue Model

Company Description
Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres in Toronto that form Canada's hub for global connectivity. Allied's business is providing knowle...
How the Company Makes Money
AP.UN makes money primarily by generating rental and related property income from leasing space in its properties to tenants. Its core revenue stream is base rent paid under lease contracts (typically office and other commercial leases), supplemen...

Allied Properties Real Estate Investment Trust Financial Statement Overview

Summary
Income statement weakness (large and worsening recent net losses despite relatively steady gross margin) and rising leverage as equity/assets decline outweigh the positive, resilient operating/free cash flow; cash flow coverage of debt remains low, limiting deleveraging flexibility.
Income Statement
28
Negative
Balance Sheet
44
Neutral
Cash Flow
62
Positive
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Allied Properties Real Estate Investment Trust Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price10.92
Price Trends
50DMA
9.82
Positive
100DMA
11.58
Negative
200DMA
14.34
Negative
Market Momentum
MACD
0.26
Negative
RSI
72.52
Negative
STOCH
85.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AP.UT, the sentiment is Neutral. The current price of 10.92 is above the 20-day moving average (MA) of 9.65, above the 50-day MA of 9.82, and below the 200-day MA of 14.34, indicating a neutral trend. The MACD of 0.26 indicates Negative momentum. The RSI at 72.52 is Negative, neither overbought nor oversold. The STOCH value of 85.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:AP.UT.

Allied Properties Real Estate Investment Trust Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
53
Neutral
C$2.80B-3.39-17.10%7.05%-0.23%-559.38%
49
Neutral
C$440.05M-25.11-1.91%3.85%-7.65%72.11%
45
Neutral
C$1.42B-1.41-10.26%13.67%0.06%-287.56%
C$2.15M-0.02-141.77%-5.92%78.35%
45
Neutral
C$320.73M-2.20-16.57%5.65%-6.17%-51.90%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:AP.UT
Allied Properties Real Estate Investment Trust
10.16
-3.93
-27.88%
TSE:HR.UN
H&R Real Estate ate Staple
10.58
1.26
13.47%
TSE:MRT.UN
Morguard Real Estate ate
6.59
1.20
22.29%
TSE:RPR.UN
Slate Office REIT
0.03
-0.46
-94.90%
TSE:D.UN
Dream Office Real Estate Investment
16.87
2.35
16.22%

Allied Properties Real Estate Investment Trust Corporate Events

Dividends
Allied Properties REIT Declares April 2026 Monthly Distribution
Positive
Apr 15, 2026
Allied Properties REIT has declared a cash distribution of $0.06 per unit for April 2026, equivalent to $0.72 per unit on an annualized basis. The distribution will be paid on May 15, 2026 to unitholders of record as of April 30, 2026, underscorin...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Allied Properties REIT Details Board Refresh and CFO Transition Ahead of 2026 AGM
Neutral
Apr 9, 2026
Allied Properties REIT has mailed its management information circular for its May 12, 2026 virtual annual meeting of unitholders, where it will propose the election of veteran REIT finance executive Mario Barrafato to its board and confirm the pla...
Financial Disclosures
Allied Properties REIT Sets Date for Q1 2026 Results Call
Neutral
Apr 1, 2026
Allied Properties Real Estate Investment Trust will release its first-quarter 2026 financial results after markets close on April 29 and will host a conference call and live audio webcast on April 30 at 10:00 a.m. ET to discuss the quarter’s...
Dividends
Allied Properties REIT Declares March 2026 Monthly Distribution
Positive
Mar 16, 2026
Allied Properties REIT has declared a cash distribution of $0.06 per unit for March 2026, equivalent to $0.72 per unit on an annualized basis. The payment is scheduled for April 15, 2026, to unitholders of record as of March 31, 2026.The announcem...
Business Operations and StrategyPrivate Placements and Financing
Allied Raises $560 Million in Equity to Refinance Debt and Bolster Balance Sheet
Positive
Feb 18, 2026
Allied Properties Real Estate Investment Trust has closed a combined $560 million equity raise through a marketed public offering and a concurrent private placement of 56 million units priced at $10. The public component was underwritten by a majo...
Dividends
Allied Properties REIT Declares February 2026 Cash Distribution
Positive
Feb 17, 2026
Allied Properties REIT has declared a cash distribution of $0.06 per unit for February 2026, equivalent to $0.72 per unit on an annualized basis. The payout will be made on March 16, 2026, to unitholders of record as of February 27, 2026, signalin...
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial DisclosuresPrivate Placements and Financing
Allied REIT Tightens Balance Sheet With $500 Million Equity Raise and Leadership Transition
Negative
Feb 10, 2026
Allied Properties Real Estate Investment Trust reported 2025 results showing steady rental revenue of about $592 million but lower operating income, pressured by dispositions, non-renewals, higher debt costs, and a $128 million expected credit los...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 12, 2026