A 
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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At a glance
Figures in CAD, from our data supplier.
Revenue
C$592.4m
FY2016FY2025
Net income
−C$1.33bn
FY2016FY2025
Free cash flow
C$254.5m
FY2016FY2025
Shareholders' equity
C$4.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | C$592.4m | C$592.0m | C$564.0m | C$519.5m | C$472.8m | C$560.5m | C$541.5m | C$436.4m | C$419.3m | C$389.7m |
| Gross profit | C$323.9m | C$338.9m | C$328.3m | C$305.3m | C$274.2m | C$323.8m | C$291.8m | C$254.3m | C$244.4m | C$220.9m |
| Operating income | C$290.4m | C$302.5m | C$291.4m | C$270.7m | C$240.4m | C$294.1m | C$259.7m | C$230.2m | C$214.8m | C$200.1m |
| Net income | −C$1.33bn | −C$342.5m | −C$425.7m | C$368.9m | C$443.2m | C$500.7m | C$629.2m | C$540.3m | C$358.0m | C$324.3m |
| Diluted earnings per share | -9.50 | -2.45 | -3.04 | 2.69 | 3.47 | 4.02 | 5.58 | 5.51 | 4.07 | 4.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | C$9.26bn | C$10.60bn | C$10.61bn | C$11.91bn | C$10.38bn | C$9.40bn | C$8.31bn | C$6.63bn | C$5.82bn | C$5.21bn |
| Cash and short-term investments | C$96.6m | C$73.9m | C$211.1m | C$21.0m | C$22.5m | C$45.5m | C$208.9m | C$18.1m | C$6.0m | C$12.2m |
| Total liabilities | C$5.24bn | C$5.04bn | C$4.47bn | C$5.33bn | C$3.96bn | C$3.22bn | C$2.59bn | C$2.25bn | C$2.27bn | C$2.19bn |
| Debt | C$4.71bn | C$4.41bn | C$3.71bn | C$4.26bn | C$3.61bn | C$2.88bn | C$2.31bn | C$2.04bn | C$2.11bn | C$2.06bn |
| Shareholders' equity | C$4.02bn | C$5.56bn | C$6.14bn | C$6.58bn | C$6.43bn | C$6.18bn | C$5.72bn | C$4.37bn | C$3.55bn | C$3.02bn |
| Shares outstanding | 140m | 140m | 140m | 137m | 127m | 125m | 113m | 98m | 88m | 81m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | C$255.3m | C$147.8m | C$320.9m | C$321.2m | C$241.1m | C$356.3m | C$244.6m | C$236.7m | C$198.9m | C$164.1m |
| Capital spending | −C$815,000 | −C$958,000 | −C$1.8m | −C$859,000 | −C$337,000 | −C$800,000 | −C$400,000 | −C$2.6m | −C$600,000 | −C$2.1m |
| Free cash flow | C$254.5m | C$146.9m | C$319.1m | C$320.3m | C$240.8m | C$355.5m | C$244.2m | C$234.1m | C$198.3m | C$162.0m |
| Dividends paid | −C$230.3m | −C$291.7m | −C$229.8m | −C$223.3m | −C$215.9m | −C$204.2m | −C$177.8m | −C$152.1m | −C$133.9m | −C$115.0m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$148.8m | C$147.9m | C$145.0m | C$150.6m | C$155.1m | C$146.6m | C$146.8m | C$143.6m |
| Gross profit | C$76.5m | C$82.6m | C$81.6m | C$83.2m | C$87.1m | C$85.8m | C$85.1m | C$80.9m |
| Operating income | C$70.0m | C$72.6m | C$73.6m | C$68.8m | C$70.3m | C$75.4m | C$69.3m | C$66.2m |
| Net income | −C$1.01bn | −C$113.4m | −C$94.7m | −C$107.7m | −C$257.7m | −C$94.2m | C$28.1m | −C$18.8m |
| Diluted earnings per share | -7.24 | -0.81 | -0.68 | -0.77 | -1.84 | -0.67 | 0.20 | -0.13 |
| Cash from operations | C$115.0m | C$92.0m | C$30.0m | C$16.0m | C$63.0m | C$60.0m | C$2.0m | C$21.0m |
| Total assets | C$9.26bn | C$10.38bn | C$10.42bn | C$10.48bn | C$10.60bn | C$10.93bn | C$10.98bn | C$10.48bn |
| Cash and short-term investments | C$96.6m | C$63.2m | C$11.8m | C$14.9m | C$73.9m | C$17.9m | C$21.0m | C$13.0m |
| Debt | C$3.98bn | C$3.99bn | C$3.66bn | C$3.11bn | C$3.43bn | C$3.64bn | C$3.73bn | C$3.56bn |
| Shareholders' equity | C$4.02bn | C$5.07bn | C$5.24bn | C$5.40bn | C$5.56bn | C$5.88bn | C$6.03bn | C$6.06bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.5% | 1.1% | 5.0% |
| Operating income | 2.4% | -0.3% | 4.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 56.0% | 57.2% | 57.4% | 57.2% |
| Operating margin | 50.1% | 50.9% | 51.2% | 51.2% |
| Net margin | -141.0% | -76.1% | -23.7% | 24.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -7.0 | -6.6 | 9.5 | 12.6 | 9.4 | 9.3 | 8.0 | 10.3 | 9.0 |
| Price to sales | 3.1 | 4.0 | 5.0 | 6.8 | 11.8 | 8.4 | 10.8 | 9.9 | 8.8 | 7.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 29 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.54 | 1.71 | 1.91 | 2.28 | 1.752 | 1.704 | 1.656 | 1.543 |
- 1.247-for-1 split · 28 Dec 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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