Allied Properties Real Estate Investment Trust (TSE:AP.UN) Reaches New 12-Month Low – Here’s What Happened

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as C$5.35 and last traded at C$5.37, with a volume of 285,225 shares. The stock had previously closed at C$5.59.

Allied Properties Real Estate Investment Trust Stock Down 18.9%

The company’s 50-day moving average price is C$7.20 and its 200 day moving average price is C$9.62. The stock has a market cap of C$845.70 million, a PE ratio of -0.34 and a beta of 0.96. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its quarterly earnings data on Wednesday, October 28th. The real estate investment trust reported C$0.13 earnings per share for the quarter. The firm had revenue of C$138.12 million during the quarter. Allied Properties Real Estate Investment Trust had a negative return on equity of 8.01% and a negative net margin of 89.93%. As a group, analysts forecast that Allied Properties Real Estate Investment Trust will post 1.84 EPS for the current fiscal year.

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.