Allied Properties REIT (AP.UN) Facts

Is Allied Properties REIT's distribution safe?

Allied Properties REIT (AP.UN) currently screens as elevated risk under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of June 30, 2026. The public inputs on this sheet show AFFO payout ratio 99.6% and FFO payout ratio 72.2% from that extraction period, plus Distribution Yield 20.93% from the public market snapshot as of October 28, 2026; the engine driver summary is Distribution cut in last 12 months: A reduction in the monthly/quarterly distribution — income was reduced for holders; AFFO payout 100%: Distribution consumes nearly all adjusted cash flow — little cushion. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is Allied Properties REIT trading below Reported NAV?

Allied Properties REIT (AP.UN) has Price / Reported NAV of 0.18x, using price $5.33 from the public market snapshot as of October 28, 2026 and Reported NAV / Unit $29.87 from issuer filings as of December 31, 2025. This is a 82.2% discount to Reported NAV. This uses issuer-reported Reported NAV only, not REIT Stack Real Estate NAV or Market-Implied NAV.

Reported NAV, Real Estate NAV, and Market-Implied NAV taxonomy

What does Allied Properties REIT own?

Allied Properties REIT (AP.UN) describes its portfolio this way: Allied Properties REIT is a leading urban office REIT owning and developing Class I brick-and-beam and glass-tower workspace environments across Canada's six largest cities. With approximately 5.3 million square feet of leasable area in Toronto, Montréal, Vancouver, Calgary, Edmonton, and Ottawa, Allied caters to knowledge-economy tenants in creative, transit-connected locations. Under CEO Cecilia Williams, the trust has focused on high-quality asset management and selective mixed-use intensification of its urban landholdings. The same public row lists Market Cap $745M as of October 28, 2026 and sector Office; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.