2024-04-30 05:11:48 ET
Summary
- Allied Properties REIT is a reasonable option for the Canadian office recovery due to its strong balance sheet, high-quality assets, and solid management.
- The company focuses on Class I workspace and mixed-use developments in well-located areas of major Canadian cities.
- Allied has the qualities investors should be looking for when betting on a beaten-up sector like office real estate.
Allied Properties REIT ( AP.UN:CA ) is a relatively low-risk way to invest in a Canadian office recovery based on its strong balance sheet, high-quality assets, and solid management.
(All dollar amounts in Canadian Dollars, unless otherwise noted)
Introduction
Allied Properties REIT was founded by Michael Emory in 2002 and debuted on the Toronto Stock Exchange the next year....
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Allied Properties: Bet On Office Recovery And Collect A 10.5% Yield