Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Allied Properties Real Estate Investment Trust
  6. News
  7. Summary
    AP.UN   CA0194561027

ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST

(AP.UN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Allied Properties Real Estate Investment Trust (TSX:AP.UN) completed the acquisition of Gare Viger and adjacent developable land from Jesta Capital Corporation.

08/31/2021 EDT

Allied Properties Real Estate Investment Trust (TSX:AP.UN) entered into an agreement to acquire Gare Viger and adjacent developable land from Jesta Capital Corporation for approximately CAD 130 million on July 16, 2021. Jesta Group will retain the urban residential and hotel components of the complex. On closing, Allied will assume an existing first mortgage on Gare Viger in the principal amount of CAD 51.75 million, bearing interest at 2.8%, having a remaining term of just over three years and payable in blended instalments of principal and interest based on a 25-year amortization. Allied expects to fund the remaining CAD 76.45 million initially with Allied’s operating line of credit and on a permanent basis with the proceeds from the sale of a small, non-core property in each of Montreal and Toronto. The acquisition of Gare Viger and adjacent developable land is expected to close in late August 2021, subject to customary conditions. Allied and Jesta Group were brought together by CBRE Limitée. Allied Properties Real Estate Investment Trust (TSX:AP.UN) completed the acquisition of Gare Viger and adjacent developable land from Jesta Capital Corporation on August 31, 2021.


ę S&P Capital IQ 2021
All news about ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST
10/15ALLIED PROPERTIES REAL ESTATE INVEST : Announces October 2021 Distribution
AQ
10/15Allied Properties Real Estate Investment Trust Announces October 2021 Distribution, Pay..
CI
10/15Allied Properties REIT Says Second Annual GRESB Score Up from Last Year
MT
10/15ALLIED PROPERTIES REAL ESTATE INVEST : Publishes Second Annual ESG Report
AQ
10/12Allied Properties REIT Acquires Vancouver's Dominion Building
MT
10/12ALLIED PROPERTIES REAL ESTATE INVEST : to Acquire the Dominion Building in Vancouver From ..
AQ
10/12Allied Properties Real Estate Investment Trust Announces That It Will Acquire the Domin..
CI
10/12Allied Properties REIT Provides Office Leasing Update for Toronto Development Propertie..
CI
10/12ALLIED PROPERTIES REAL ESTATE INVEST : Provides Office Leasing Update for Toronto Developm..
AQ
10/12ALLIED PROPERTIES REAL ESTATE INVEST : AP.UN) agreed to acquire Dominion Building in Vanco..
CI
More news
Financials
Sales 2021 572 M 462 M 462 M
Net income 2021 312 M 252 M 252 M
Net Debt 2021 3 460 M 2 792 M 2 792 M
P/E ratio 2021 17,6x
Yield 2021 3,93%
Capitalization 5 484 M 4 430 M 4 425 M
EV / Sales 2021 15,6x
EV / Sales 2022 13,9x
Nbr of Employees 328
Free-Float 98,5%
Chart ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST
Duration : Period :
Allied Properties Real Estate Investment Trust Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 43,09 CAD
Average target price 50,33 CAD
Spread / Average Target 16,8%
EPS Revisions
Managers and Directors
Michael R. Emory President, CEO & Non-Independent Trustee
Cecilia C. Williams Chief Financial Officer & Executive Vice President
Gordon R. Cunningham Chairman-Trustees Board
Travis Vokey Vice President-Technology
Thomas G. Burns Chief Operating Officer & Executive Vice President