Allied Properties Real Estate Investment Trust (TSX:AP.UN)
Canada flag Canada · Delayed Price · Currency is CAD
9.32
+0.17 (1.86%)
At close: Apr 2, 2026

Revenue

Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Dec '13 Dec '12
Montréal & Ottawa Rental Revenue
199.47M214.63M
Montréal & Ottawa Rental Revenue Growth
-7.06%-2.81%
Toronto & Kitchener Rental Revenue
294.54M285.19M
Toronto & Kitchener Rental Revenue Growth
3.28%10.15%
Calgary & Edmonton Rental Revenue
31.86M38.55M
Calgary & Edmonton Rental Revenue Growth
-17.35%-7.00%
Vancouver Rental Revenue
66.52M61.39M
Vancouver Rental Revenue Growth
8.34%19.81%
Total Calgary, Edmonton, & Vancouver Rental Revenue
98.38M99.94M
Total Calgary, Edmonton, & Vancouver Rental Revenue Growth
-1.57%7.82%
Joint Venture Rental Revenue
--7.72M
Revenue (Total)
592.38M592.04M
Revenue (Total) Growth
0.06%4.98%

EBITDA

Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Dec '13 Dec '12
Montréal & Ottawa Operating Income
95.31M103.35M
Montréal & Ottawa Operating Income Growth
-7.79%-4.53%
Toronto & Kitchener Operating Income
164.50M171.52M
Toronto & Kitchener Operating Income Growth
-4.09%6.57%
Calgary & Edmonton Operating Income
13.71M16.04M
Calgary & Edmonton Operating Income Growth
-14.47%-15.73%
Vancouver Operating Income
43.44M40.04M
Vancouver Operating Income Growth
8.49%21.96%
Total Calgary, Edmonton, & Vancouver Operating Income
57.16M56.08M
Total Calgary, Edmonton, & Vancouver Operating Income Growth
1.92%8.13%
Joint Venture Operating Income
--2.48M
Operating Income (Total)
316.96M328.47M
Operating Income (Total) Growth
-3.50%3.61%

Adjusted EBITDA

Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Dec '13 Dec '12
Montréal & Ottawa Net Operating Income
113.14M117.23M
Montréal & Ottawa Net Operating Income Growth
-3.48%-2.83%
Toronto & Kitchener Net Operating Income
179.06M184.40M
Toronto & Kitchener Net Operating Income Growth
-2.90%9.72%
Calgary & Edmonton Net Operating Income
15.83M18.55M
Calgary & Edmonton Net Operating Income Growth
-14.66%-15.83%
Vancouver Net Operating Income
43.29M40.93M
Vancouver Net Operating Income Growth
5.77%23.91%
Total Calgary, Edmonton, & Vancouver Net Operating Income
59.12M59.48M
Total Calgary, Edmonton, & Vancouver Net Operating Income Growth
-0.60%8.00%
Operating Income (Other)
-93.47M-92.11M
Operating Income (Total)
316.96M328.47M
Operating Income (Total) Growth
-3.50%3.61%

Adjusted EBITDA 2

Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Dec '13 Dec '12
Office Net Operating Income
283.73M294.15M
Office Net Operating Income Growth
-3.54%3.62%
Retail Net Operating Income
45.54M43.97M
Retail Net Operating Income Growth
3.58%13.10%
Parking Net Operating Income
22.05M22.99M
Parking Net Operating Income Growth
-4.08%9.36%
Operating Income (Total)
316.96M328.47M
Operating Income (Total) Growth
-3.50%3.61%

Key Performance Indicators

Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16 Dec '15 Dec '14 Dec '13 Dec '12
Same Asset Net Operating Income - Rental Portfolio
303.61M307.36M
Same Asset Net Operating Income - Rental Portfolio Growth
-1.22%5.50%
Same Asset Net Operating Income - Total Portfolio
316.95M320.69M
Same Asset Net Operating Income - Total Portfolio Growth
-1.17%-0.25%
Investment Properties
8.44B9.45B
Investment Properties Growth
-10.64%0.65%
Unencumbered Investment Properties
7.51B7.82B
Unencumbered Investment Properties Growth
-3.93%-10.73%
Office GLA (Square Feet)
13.15M13.01M
Office GLA (Square Feet) Growth
1.06%-4.33%
Retail GLA (Square Feet)
1.35M1.30M
Retail GLA (Square Feet) Growth
3.46%-3.63%
Total Rental Portfolio GLA (Square Feet)
14.50M14.32M
Total Rental Portfolio GLA (Square Feet) Growth
1.28%-4.26%
Leased Rental Portfolio GLA (Square Feet)
12.67M12.48M
Leased Rental Portfolio GLA (Square Feet) Growth
1.54%-4.36%
Leased Area
87.40%87.20%
Occupied Area
85.30%85.90%
Average In-Place Net Rent Per Occupied Square Foot
25.2325.41
Average In-Place Net Rent Per Occupied Square Foot Growth
-0.71%5.44%
Retention Rate
69.40%69.30%
Rent Increase on Renewal
0.50%1.90%
Total Indebtedness Ratio
50.70%41.70%
Funds From Operations (FFO)
264.28M303.28M
Funds From Operations (FFO) Growth
-12.86%-8.81%
Funds From Operations (FFO) per Unit
1.892.17
Funds From Operations (FFO) per Unit Growth
-12.86%-8.82%
Funds From Operations (FFO) Pay-Out Ratio
90.40%83.00%
Adjusted Funds From Operations (AFFO)
239.82M272.91M
Adjusted Funds From Operations (AFFO) Growth
-12.12%-10.28%
Adjusted Funds From Operations (AFFO) per Unit
1.721.95
Adjusted Funds From Operations (AFFO) per Unit Growth
-12.13%-10.25%
Adjusted Funds From Operations (AFFO) Pay-Out Ratio
99.70%92.20%
Funds From Operations (FFO) (excl. Condominium-Related Items)
265.03M303.81M
Funds From Operations (FFO) (excl. Condominium-Related Items) Growth
-12.77%-8.66%
Funds From Operations (FFO) per Unit (excl. Condominium-Related Items)
1.902.17
Funds From Operations (FFO) per Unit (excl. Condominium-Related Items) Growth
-12.79%-8.65%
Funds From Operations (FFO) Pay-Out Ratio (excl. Condominium-Related Items)
90.20%82.80%
Adjusted Funds From Operations (AFFO) (excl. Condominium-Related Items)
240.57M273.43M
Adjusted Funds From Operations (AFFO) (excl. Condominium-Related Items) Growth
-12.02%-10.12%
Adjusted Funds From Operations (AFFO) per Unit (excl. Condominium-Related Items)
1.721.96
Adjusted Funds From Operations (AFFO) per Unit (excl. Condominium-Related Items) Growth
-12.01%-10.15%
Adjusted Funds From Operations (AFFO) Pay-Out Ratio (excl. Condominium-Related Items)
99.30%92.00%
Updated Dec 31, 2025. Data Source: Fiscal.ai.