Allied Properties Real Estate Investment Trust AP.UN.TO · CAD
Real Estate · Toronto Stock Exchange · 🇨🇦 Canada
3.92
+1.55%
Close of 9 Nov 2026, in CAD
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About Allied Properties Real Estate Investment Trust
Its shares trade on Toronto Stock Exchange under the ticker AP.UN.TO. It has been listed since 19 February 2003. In the fiscal year to 31 December 2025, it reported revenue of C$592.4m and a net loss of C$1.33bn. At that date it held total assets of C$9.26bn and shareholders' equity of C$4.02bn.
Allied Properties Real Estate Investment Trust engages in owning, management, and development of urban office environments. The company is headquartered in Toronto, Ontario. The company went IPO on 2003-02-19. The Trust is an owner, manager and developer of urban office properties. The Trust operates in seven urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Calgary, Edmonton and Vancouver. The Trust may invest in interests in income producing office, retail and residential properties and Properties Under Development in Canada. The Trust specializes in an office format created through the adaptive re-use of light industrial structures in urban areas that has come to be known as Class I. Its properties include 32 Atlantic, 47 Jefferson, 64 Jefferson, 905 King W, The Castle, 141 Bathurst, 420 Wellington W, 468 King W, The Well, 193 Yonge and Dominion Square. Its tenant base includes companies from various sectors, including business service and professional, telecommunications and information technology, and educational and institutional.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 19 Feb 2003
- Employees
- 305
- Website
- alliedreit.com ↗
Leadership
Pay as last reported
- Mr. Michael EmoryExecutive Chairman of the Board of Trustee, since 2023C$4.4m
- Ms. Cecilia WilliamsPresident, Chief Executive Officer, Trustee, since 2015C$3.4m
- Ms. Nanthini MahalingamChief Financial Officer, Senior Vice PresidentC$1.1m
- Ms. Anne MiatelloSenior Vice President, General Counsel, Corporate SecretaryC$1.1m
- Mr. James MackaySenior Vice President - National OperationsC$793,344
- Ms. Jennifer ToryLead Independent TrusteeC$210,008
- Mr. Matthew AndradeIndependent TrusteeC$145,014
- Ms. Kay BrekkenIndependent TrusteeC$145,006
- Ms. Hazel ClaxtonIndependent TrusteeC$145,014
- Ms. Lois CormackIndependent TrusteeC$145,014
- Ms. Antonia RossiIndependent TrusteeC$145,014
- Mr. Stephen SenderIndependent TrusteeC$170,014
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 76
- Environment
- 99
- Social
- 70
- Governance
- 58
- Direct emissions (scope 1)
- 19,663.66 t
- Energy emissions (scope 2)
- 23,677.26 t
- Women in the workforce
- 39%
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Allied Properties Real Estate Investment Trust (REIT) has several strengths that contribute to its success in the market. Firstly, the company has a strong portfolio of properties, consisting mainly of office spaces in prime locations. This allows Allied Properties REIT to attract high-quality tenants and command premium rental rates. Additionally, the company has a long-standing history and reputation in the real estate industry, which enhances its credibility and ability to build beneficial relationships with investors and partners. Lastly, Allied Properties REIT has a skilled management team that possesses extensive experience in property management and investment strategies, enabling them to make informed decisions and capitalize on market opportunities.
Weaknesses
- Despite its strengths, Allied Properties REIT also faces certain weaknesses that should be considered. One significant weakness is the company's dependency on a specific geographic market, primarily focused on major Canadian cities. This concentrated exposure makes them vulnerable to regional economic fluctuations and regulatory changes. Additionally, as a result of its focus on office spaces, Allied Properties REIT may experience reduced demand during economic downturns or shifts in workplace trends (e.g., increased remote work). Lastly, the company's debt levels could pose a challenge during periods of rising interest rates, potentially impacting its financial flexibility and profitability.
Opportunities
- Allied Properties REIT has several opportunities to leverage and expand its business. One opportunity is to diversify its property portfolio beyond office spaces and explore other real estate sectors such as retail or industrial properties. This would reduce its dependency on a single asset class and provide a broader revenue base. Furthermore, the company can explore expansion into new markets, both domestically and internationally, to broaden its geographic reach and tap into high-growth markets. Additionally, the growing trend of sustainable and energy-efficient buildings presents an opportunity for Allied Properties REIT to invest in environmentally friendly properties, attracting environmentally conscious tenants and potentially benefiting from governmental incentives.
Threats
- Allied Properties REIT faces various threats that could impact its performance and growth potential. One significant threat is the competitive nature of the real estate market, where other REITs and real estate developers may offer similar properties and attractive lease terms, affecting Allied Properties REIT's occupancy rates and rental prices. Economic downturns, such as recessions or market crises, also pose threats to the company's operations and financial stability, as they can lead to reduced demand for office spaces and potential tenant defaults. Additionally, regulatory changes related to zoning, taxation, or environmental regulations can significantly impact the real estate sector, potentially creating challenges for Allied Properties REIT in terms of compliance and financial implications.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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