Revenue’s up 30.4% at Allied Properties REIT

Revenue’s up 30.4% at Allied Properties REIT

Allied has grown steadily by acquisition, and in 2019 it spent $536 million on properties.

That includes new assets in Montreal, which led to a 6.0% jump in cash flow for the REIT in the most-recent quarter.

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ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST (Toronto symbol AP.UN; www.alliedreit.com)… Read More

High occupancy levels support their yields

CHOICE PROPERTIES REIT $14 (Toronto symbol CHP.UN; Cyclical-Growth Payer Portfolio; Manufacturing & Industry sector; Units o/s: 668.2 million; Market cap: $9.4 billion; Dividend yield: 5.3%; Dividend Sustainability Rating: Above Average; www.choicereit.ca) is Canada’s biggest real estate investment trust with 756 properties, including 20 under development, for a total… Read More

New developments set to spur cash flow

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $47.57 (Toronto symbol AP.UN; Units outstanding: 103.9 million; Market cap: $5.0 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.4%; www.alliedreit.com) owns 151 office buildings, mainly in major Canadian cities. Most of those are classified as Class I buildings. Together, they comprise… Read More

Dividend increase: Allied REIT

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $46 (Toronto symbol AP.UN; Cyclical-Growth Payer Portfolio, Manufacturing & Industry sector; Units outstanding: 103.9 million; Market cap: $4.8 billion; Dividend yield: 3.5%; Dividend Sustainability Rating: Above Average; www.alliedreit.com) owns 147 office buildings, mainly in major Canadian cities. Most of the properties are… Read More

Their focus on major cities will pay off

RIOCAN REAL ESTATE INVESTMENT TRUST $24.48 (Toronto symbol REI.UN; Units outstanding: 310.5 million; Market cap: $7.5 billion; TSINetwork Rating: Average; Dividend yield: 5.9%; www.riocan.com) owns all or part of 250 shopping centres and other properties across Canada. They include 17 projects now under development. In all, the… Read More

Allied’s new project lands a big tenant

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST $42 (Toronto symbol AP.UN; Cyclical-Growth Payer Portfolio, Manufacturing & Industry sector; Units o/s: 103.8 million; Market cap: $4.4 billion; Dividend yield: 3.7%; Divd. Sustainability Rating: Above Average; www.alliedreit.com) owns 147 office buildings, mainly in major Canadian cities.
With the January 2018 payment,… Read More