Allied Properties Real Estate Investment Trust (TSX:AP.UN)

Revenue

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Toronto & Kitchener Rental Revenue	285.48M	294.54M	285.19M
Montréal & Ottawa Rental Revenue	189.03M	199.47M	214.63M
Vancouver Rental Revenue	68.68M	66.52M	61.39M
Calgary & Edmonton Rental Revenue	28.14M	31.86M	38.55M
Total Calgary, Edmonton, & Vancouver Rental Revenue	96.82M	98.38M	99.94M
Joint Venture Rental Revenue	-	-	-7.72M
Revenue (Total)	571.32M	592.38M	592.04M

EBITDA

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Toronto & Kitchener Operating Income	144.11M	164.50M	171.52M
Montréal & Ottawa Operating Income	85.47M	95.31M	103.35M
Vancouver Operating Income	43.59M	43.44M	40.04M
Calgary & Edmonton Operating Income	9.71M	13.71M	16.04M
Total Calgary, Edmonton, & Vancouver Operating Income	53.29M	57.16M	56.08M
Joint Venture Operating Income	-	-	-2.48M
Operating Income (Total)	282.87M	316.96M	328.47M

Adjusted EBITDA

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Toronto & Kitchener Net Operating Income	156.52M	179.06M	184.40M
Montréal & Ottawa Net Operating Income	102.71M	113.14M	117.23M
Vancouver Net Operating Income	41.23M	43.29M	40.93M
Calgary & Edmonton Net Operating Income	11.71M	15.83M	18.55M
Total Calgary, Edmonton, & Vancouver Net Operating Income	52.94M	59.12M	59.48M
Operating Income (Other)	-82.24M	-93.47M	-92.11M
Operating Income (Total)	282.87M	316.96M	328.47M

Adjusted EBITDA 2

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Office Net Operating Income	251.08M	283.73M	294.15M
Retail Net Operating Income	39.71M	45.54M	43.97M
Parking Net Operating Income	21.38M	22.05M	22.99M
Operating Income (Total)	282.87M	316.96M	328.47M

Key Performance Indicators

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Same Asset Net Operating Income - Rental Portfolio	-	303.61M	307.36M
Same Asset Net Operating Income - Total Portfolio	-	316.95M	320.69M
Investment Properties	6.98B	8.44B	9.45B
Unencumbered Investment Properties	6.22B	7.51B	7.82B
Office GLA (Square Feet)	12.54M	13.15M	13.01M
Retail GLA (Square Feet)	1.26M	1.35M	1.30M
Total Rental Portfolio GLA (Square Feet)	13.81M	14.50M	14.32M
Leased Rental Portfolio GLA (Square Feet)	11.98M	12.67M	12.48M
Leased Area	86.80%	87.40%	87.20%
Occupied Area	84.90%	85.30%	85.90%
Average In-Place Net Rent Per Occupied Square Foot	25.91	25.23	25.41
Retention Rate	-	69.40%	69.30%
Rent Increase on Renewal	-	0.50%	1.90%
Total Indebtedness Ratio	50.20%	50.70%	41.70%
Funds From Operations (FFO)	189.91M	264.28M	303.28M
Funds From Operations (FFO) per Unit	-	1.89	2.17
Funds From Operations (FFO) Pay-Out Ratio	-	90.40%	83.00%
Adjusted Funds From Operations (AFFO)	139.81M	239.82M	272.91M
Adjusted Funds From Operations (AFFO) per Unit	-	1.72	1.95
Adjusted Funds From Operations (AFFO) Pay-Out Ratio	-	99.70%	92.20%
Funds From Operations (FFO) (excl. Condominium-Related Items)	191.60M	265.03M	303.81M
Funds From Operations (FFO) per Unit (excl. Condominium-Related Items)	1.14	1.90	2.17
Funds From Operations (FFO) Pay-Out Ratio (excl. Condominium-Related Items)	-	90.20%	82.80%
Adjusted Funds From Operations (AFFO) (excl. Condominium-Related Items)	141.51M	240.57M	273.43M
Adjusted Funds From Operations (AFFO) per Unit (excl. Condominium-Related Items)	0.86	1.72	1.96
Adjusted Funds From Operations (AFFO) Pay-Out Ratio (excl. Condominium-Related Items)	-	99.30%	92.00%

Data Source: Fiscal.ai Last updated: Oct 28, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 13, 2026

Data Sources Report a data error