Allied Properties Real Estate Investment Trust (TSX:AP.UN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 12,531,845 units, representing 9.85% of its outstanding shares. Any units that are repurchased will either be cancelled or delivered by the company to fulfill its commitments to employees under its restricted unit plan and other employee programs. The bid will expire on February 23, 2022 or such earlier date as the company completes its purchases pursuant to the normal course issuer bid. As of February 11, 2021, the company had 127,259,218 issued and outstanding units.