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 |