Allied Properties Real Estate Investment Trust (TSE:AP.UN) has released an update.
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Allied Properties Real Estate Investment Trust reported stable occupancy and leasing in its urban office portfolio for Q2 2024, with a positive outlook for the rest of the year. The company witnessed a steady increase in office and retail space utilization across key Canadian cities and maintained above-market occupancy levels, except for Vancouver. Renewal rates are approaching normal levels, indicating a resilient real estate market.
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