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Allied Properties Real Estate Investment Trust ( ($TSE:AP.UN) ) has shared an announcement.
Allied Properties Real Estate Investment Trust reported steady occupancy and leasing rates for the fourth quarter and year-end of 2024. The company’s urban workspace portfolio, particularly in Toronto, outperformed in terms of occupancy and rent growth, with notable demand for its Allied Heritage format in Montréal, Calgary, and Vancouver. Allied expects increased demand and rent growth throughout 2025, as indicated by the 255 lease tours conducted and a renewal rate nearing normal levels.
More about Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust is a company operating in the real estate investment industry. It focuses on urban workspace formats, offering properties primarily in Toronto, with additional locations in Montréal, Calgary, and Vancouver. The company provides distinctive office spaces through adaptive reuse of light industrial structures and purpose-built office buildings integrated within mixed-use, amenity-rich urban neighborhoods.
YTD Price Performance: -2.22%
Average Trading Volume: 35,728
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.64B
See more data about AP.UN stock on TipRanks’ Stock Analysis page.
