HRUFF - Should You Buy Allied Properties And Its 3.9%-Yielding Dividend?
Investment Thesis
Allied Properties REIT (APYRF) (TSX:AP.UN) owns a portfolio of high-quality urban office properties in Canada. The REIT has a healthy development pipeline that should significantly expand its portfolio. It also has an excellent track record of dividend growth since its inception. However, its share price is currently trading at a premium. Investors are encouraged to check other REITs before making their investment decision.
One of Allied Properties’ Development Project (Source: Investor Presentation)
Reasons why we like Allied Properties
A focus on office properties in major urban centres in Canada