Allied Properties REIT Finalizes $250M Debenture Offering
Company Announcements

Allied Properties REIT Finalizes $250M Debenture Offering

Story Highlights

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has released an update.

Allied Properties Real Estate Investment Trust has successfully completed a $250 million private placement of Series J senior unsecured debentures with a 5.534% annual interest rate, maturing in 2028. The proceeds will be used to repay existing short-term debt. The debentures have been rated ‘BBB’ with a Negative trend by Morningstar DBRS.

For further insights into TSE:AP.UN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyAllied Properties price target raised to C$19 from C$18 at RBC Capital
TheFlyAllied Properties price target lowered to C$21.75 from C$22 at Scotiabank
TipRanks Auto-Generated NewsdeskAllied Properties REIT Reports Steady Leasing Performance
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App