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Allied Properties Real Estate Investment Trust (T:AP.UN)

Business Focus: Office REITs

Sector:  Real Estate Industry:  Commercial REITs
 
Company Contact
Address: 134 Peter St Suite 1700
TORONTO ON M5V 2H2
Tel: N/A
Website: https://alliedreit.com
IR: See website
Key People
Michael R. Emory
Executive Chairman of the Board of Trustee
Cecilia C. Williams
President, Chief Executive Officer
Thomas G. Burns
Chief Operating Officer, Executive Vice President
Douglas Riches
Executive Vice President - Special Operations
Anne Elizabeth Miatello
Senior Vice President, General Counsel, Company Secretary
 
Business Overview
Allied Properties Real Estate Investment Trust (Allied) is a Canada-based open-end real estate investment trust (REIT). Allied is an owner-operator of distinctive urban workspace in Canada's cities and network-dense urban data centers in Toronto. Its business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity. Allied operates in seven urban markets in Canada, which includes Montreal, Ottawa, Toronto, Kitchener, Calgary, Edmonton and Vancouver. Its urban office properties are managed by geographic location consisting of approximately four groups of cities. Allied engages in third-party property management business, including the provision of services for properties, in which a trustee of the Allied has an ownership interest.
Financial Overview
For the fiscal year ended 31 December 2023, Allied Properties Real Estate Investment revenues increased 9% to C$564M. Net loss before extraordinary items totaled C$550.7M vs. income of C$168.2M. Revenues reflect Central Canada segment increase of 12% to C$258.9M. Net loss reflects Fair value loss on investment properties increase from C$73.8M to C$772.7M (expense). Dividend per share decreased from C$2.18 to C$1.80.
Employees: 362 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $5,760M as of Dec 31, 2023
Annual revenue (TTM): $563.98M as of Dec 31, 2023
EBITDA (TTM): $274.85M as of Dec 31, 2023
Net annual income (TTM): -$550.70M as of Dec 31, 2023
Free cash flow (TTM): $89.27M as of Dec 31, 2023
Net Debt Last Fiscal Year: $3,499M as of Dec 31, 2023
Shares outstanding: 127,955,983 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization