Allied Properties Real Estate Investment Trust (TSE:AP.UN) Trading Down 27.8% – What’s Next?

Allied Properties Real Estate Investment Trust (TSE:AP.UN) was down 27.8% on Thursday . The company traded as low as C$10.00 and last traded at C$10.14. Approximately 9,155,955 shares traded hands during trading, an increase of 906% from the average daily volume of 909,716 shares. The stock had previously closed at C$14.05.

More Allied Properties Real Estate Investment Trust News

Here are the key news stories impacting Allied Properties Real Estate Investment Trust this week:

• Positive Sentiment: Company announced an equity financing (~C$500M) aimed at paying down debt — this should reduce leverage and interest‑rate risk and improve the balance sheet over time, which can stabilize future cash flow and credit metrics. Allied Property REIT raising $500-million to pay down debt
• Neutral Sentiment: The Canadian Investment Regulatory Organization (IIROC) imposed a trading halt while material information was released — a procedural step that preceded the announcements and explains the abrupt intraday volatility. Canadian Investment Regulatory Organization Trading Halt – AP.UN
• Negative Sentiment: Q4 results showed a large loss: reported EPS of C($7.93), a negative net margin (~‑89.9%) and negative ROE, despite C$148.8M in revenue — the magnitude of the loss likely reflects one‑time and/or valuation items and has triggered investor concern about underlying earnings quality and distributable cash. Allied Q4 and full-year results (press release)
• Negative Sentiment: Leadership update includes the founder/longtime executive stepping down, increasing near‑term governance and execution uncertainty — a negative catalyst while investors assess the succession and strategic path. Allied Reports Q4 and Full-Year Results; Announces Leadership Update and Equity Financing
• Negative Sentiment: The planned equity raise, while improving leverage, is dilutive and adds near‑term selling pressure on the stock as the market reprices shares to reflect issuance risk and the current weak results. Allied Property REIT raising $500-million to pay down debt

Analyst Ratings Changes

Several equities research analysts recently commented on AP.UN shares. Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and cut their target price for the company from C$14.75 to C$14.00 in a research report on Tuesday, December 2nd. Canadian Imperial Bank of Commerce cut their price target on Allied Properties Real Estate Investment Trust from C$17.00 to C$15.50 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Canaccord Genuity Group lowered their price objective on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$18.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, TD Securities reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$16.00 to C$14.50 and set a “hold” rating for the company in a report on Friday, December 12th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$15.28.

Allied Properties Real Estate Investment Trust Price Performance

The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The business’s 50 day simple moving average is C$13.63 and its two-hundred day simple moving average is C$16.22. The stock has a market capitalization of C$1.31 billion, a P/E ratio of -2.28 and a beta of 1.65.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported C($7.93) earnings per share for the quarter. The business had revenue of C$148.77 million during the quarter. Allied Properties Real Estate Investment Trust had a negative net margin of 89.93% and a negative return on equity of 8.01%. As a group, sell-side analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current fiscal year.

About Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada.