Allied Properties Real Estate Investment Trust (TSE:AP.UN) Issues Earnings Results

Allied Properties Real Estate Investment Trust (TSE:AP.UN) announced its quarterly earnings data on Wednesday. The real estate investment trust reported C$0.12 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$138.12 million during the quarter. Allied Properties Real Estate Investment Trust had a negative net margin of 89.93% and a negative return on equity of 8.01%.

Allied Properties Real Estate Investment Trust Trading Down 4.7%

Shares of TSE:AP.UN traded down C$0.26 during trading on Wednesday, reaching C$5.33. 1,521,812 shares of the company were exchanged, compared to its average volume of 971,348. The firm has a market capitalization of C$1.04 billion, a PE ratio of -0.42 and a beta of 0.96. The business’s fifty day simple moving average is C$7.30 and its 200-day simple moving average is C$9.67. Allied Properties Real Estate Investment Trust has a 12-month low of C$5.31 and a 12-month high of C$18.85. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.