Allied Properties REIT Cuts Distribution 90%, Expands Asset Sales
Allied Properties REIT reported Q3 results and cut its monthly distribution by 90% to $0.006. It said about $660 million in dispositions were completed or firm, with another $750 million to $1.5 billion planned over multiple years to reduce debt.
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11:51:15 PM UTC
SquawkNews
Allied Properties REIT 3Q Rev C$138.1M >AP.UN.T
11:51:50 PM UTC
SquawkNews
Allied Properties REIT 3Q FFO C$0.194/Shr >AP.UN.T
Allied Properties Real Estate Investment Trust reported Q3 results, cut its monthly distribution by 90% to $0.006, and expanded dispositions, with ~$660M completed or firm and $750M—$1.5B more planned over multiple years to reduce debt.Material DetailsContext by AI AnalystThis is a late-stage balan…