News & Videos - ALLIED PROPERTIES REAL ESTATE INVESTMEN

TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of April 2024, representing $1.80 per unit on an annualized basis. The distribution will be payable on May 15, 2024, to unitholders of record as at April 30, 2024. About Allied Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to...

TORONTO, April 01, 2024 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX: "AP.UN") today announced that it has completed the previously announced acquisition of a 90% ownership interest in 400 West Georgia Street in Vancouver and an increase in its ownership interest in 19 Duncan Street in Toronto from 50% to 95%. About Allied Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide...

TORONTO, March 26, 2024 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) will hold a conference call and live audio webcast at 10:00 a.m. (ET) on Wednesday, May 1, 2024, to discuss financial results for the quarter ended March 31, 2024. The financial results will be released on Tuesday, April 30, 2024, after the markets close. The conference call can be accessed by dialing 1(800)715-9871 or (647)932-3411, conference ID #6142538. The webcast will be...

TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- Allied Properties REIT (“Allied”)(TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of March 2024, representing $1.80 per unit on an annualized basis. The distribution will be payable on April 15, 2024, to unitholders of record as at March 29, 2024. About Allied Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to...

TORONTO, March 11, 2024 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX: "AP.UN") today announced that it will acquire an ownership interest in 400 West Georgia Street in Vancouver (“400 West Georgia”) and increase its ownership interest in 19 Duncan Street in Toronto (“19 Duncan”). 400 West Georgia is comprised of 345,034 square feet of office GLA, 5,525 square feet of retail GLA and 163 underground parking stalls. The property is 82% leased to...

TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“ Allied ”) (TSX:AP.UN) today announced that it has received approval from the Toronto Stock Exchange (“TSX”) for a normal course issuer bid (“NCIB”) which will enable it to purchase up to 12,629,698 of its 127,955,983 issued and outstanding units (“Units”) as at February 12, 2024, representing approximately 10% of its public float of 126,296,983 Units as at that date. Allied intends to...

TORONTO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of February 2024, representing $1.80 per unit on an annualized basis. The distribution will be payable on March 15, 2024, to unitholders of record as at February 29, 2024. About Allied Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is...

TORONTO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX: "AP.UN") today announced that it is working with its partners to reorganize the ownership of TELUS Sky in Calgary. TELUS Sky is the outcome of a development project undertaken by a joint-venture of three equal partners, TELUS, Westbank and Allied. It is comprised of 452,352 square feet of office GLA, 13,059 square feet of retail GLA and 156 underground commercial parking and fleet stalls...

TORONTO, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX: "AP.UN") today announced results for its fourth quarter and year ended December 31, 2023. Allied maintained operating momentum throughout 2023 as a result of (i) sustained leasing and user-experience activity, (ii) comprehensive team development and (iii) implementation of a five-year capital-allocation plan that places minimal reliance on the capital markets. Results In the fourth quarter,...

TORONTO, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Allied Properties REIT (“Allied”)(TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of January 2024, representing $1.80 per unit on an annualized basis. The distribution will be payable on February 15, 2024, to unitholders of record as at January 31, 2024. About Allied Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is...

TORONTO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) will hold a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 1, 2024, to discuss financial results for the quarter ended December 31, 2023. The financial results will be released on Wednesday, January 31, 2024, after the markets close. The conference call can be accessed by dialing 1(800)599-2055 or (647)362-9671, conference ID #6068292. The webcast...

TORONTO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”)(TSX: “AP.UN”) announced today that the Trustees of Allied have declared a special distribution of $5.48 per unit, comprised of $0.48 per unit payable in cash and $5.00 per unit payable by the issuance of units of Allied to unitholders of record as at December 29, 2023. The special distribution is being made primarily to distribute to unitholders a portion of the capital gain realized by...

TORONTO, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) announced today that the Trustees of Allied have (i) declared a distribution of $0.15 per unit for the month of December 2023, payable on January 15, 2024, to unitholders of record as at December 29, 2023, and (ii) confirmed Allied’s 2024 distribution plan of $0.15 per unit per month ($1.80 per unit annualized). Cautionary Statements This press release may contain...

TORONTO, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of November 2023, representing $1.80 per unit on an annualized basis. The distribution will be payable on December 15, 2023, to unitholders of record as at November 30, 2023. About Allied Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission...

TORONTO, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX: "AP.UN") today announced results for its third quarter ended September 30, 2023. Allied’s operating momentum continued through the quarter with solid operating results, sustained leasing activity and implementation of a five-year capital-allocation plan. Operating Results In the third quarter, Allied’s FFO per unit (1) was 59.8 cents, up from 58.8 cents in the prior quarter. AFFO per...

TORONTO, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) today announced its GRESB scores for 2023, based on the 2022 reporting year. Allied achieved a score of 85 for its standing investments and a score of 87 for its developments, representing continuous improvement overall. The following initiatives contributed to Allied’s scores: Allied continued to outperform its 2024 portfolio reduction targets for greenhouse gas (GHG)...

TORONTO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of October 2023, representing $1.80 per unit on an annualized basis. The distribution will be payable on November 15, 2023, to unitholders of record as at October 31, 2023. About Allied Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is...

TORONTO, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) will hold a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, October 26, 2023, to discuss financial results for the quarter ended September 30, 2023. The financial results will be released on Wednesday, October 25, 2023, after the markets close. The conference call can be accessed by dialing 1(800)599-2055 or (647)362-9671. The webcast will be accessible...

TORONTO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of September 2023, representing $1.80 per unit on an annualized basis. The distribution will be payable on October 16, 2023, to unitholders of record as at September 29, 2023. About Allied Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission...

TORONTO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX: "AP.UN") today announced that it has closed the sale of its UDC portfolio in Downtown Toronto (the “Portfolio”) to KDDI Canada, Inc., a wholly owned subsidiary of KDDI Corporation, for $1.35 billion. The Portfolio was comprised of freehold interests in 151 Front Street West and 905 King Street West and a leasehold interest in 250 Front Street West. The Portfolio was unencumbered and did...