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← CockpitCompetitor Analysis › AP-UN.TO Allied Properties Real Estate Investment TrustOpen in the cockpit ↗

Allied Properties Real Estate Investment TrustAP-UN.TOCompetitor analysis, valuation and peers

Canada · CAD·Real Estate›Real Estate Investment Trusts
Momentum laggard 1
Mkt cap
$539M
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$7.90M
20-day average traded
P/B
0.21×
price to book
ROE
-43.5%
delivered
Implied ROE
4.3%
what the price asks
Next earnings
89 days
3 Feb 2027
Close · CADC$3.86
1D-4.2%
1W-4.2%
1M-36.7%
3M-60.6%
6M-60.9%
YTD-71.1%
1Y-72.9%
ATR %8.8%
52w lowhigh73.8% off high

What Allied Properties Real Estate Investment Trust does

Employees: 350

Allied Properties Real Estate Investment Trust at a glance

Size Allied Properties Real Estate Investment Trust (AP-UN.TO) is a Canada Real Estate company (Real Estate Investment Trusts) with a market value of $539M, the 331st largest of 420 Canada companies the cockpit tracks. Shares closed at C$3.86 on 6 Nov 2026.

Performance Over six months the shares fell 60.9%, against -6.6% for the median peer and +5.2% for the Canada market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue fell 4.6% over the last twelve months (peer median +8.0%); the operating margin is 35.7% (peer median 52.3%).

Valuation It trades at 0.21× book value against a peer median of 0.84× (cheapest of 21).

Price implies The share price implies a return on equity of about 4.3%; Allied Properties Real Estate Investment Trust delivers -43.5%, so the price asks more than the business earns today.

Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).

Relative performance

507510011 May 202611 Aug 20266 Nov 2026Peer median 94AP-UN.TO 39
Six months, rebased to 100: Allied Properties Real Estate Investment Trust against the median of its 20 peers (local-currency closes).

Allied Properties Real Estate Investment Trust financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$571MC$592MC$592MC$564MC$519M
Revenue growth—0%+5%+9%—
Gross profitC$281MC$315MC$327MC$316MC$294M
EBITDAC$206MC$182MC$288MC$298MC$294M
Net income-C$1.88B-C$1.33B-C$343M-C$426MC$369M
Free cash flowC$156MC$252MC$154MC$320MC$322M
Capital expenditureC$350,000C$815,000C$958,000C$1.84MC$859,000
Total debtC$4.10BC$4.71BC$4.41BC$3.71BC$4.26B

Quarterly statements and history in the cockpit →

Allied Properties Real Estate Investment Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%-20%0%ABG180203UHT8977SREIBDNDXIMRG-UNMHC-UNFVRADAM365550TRTXYATOAPR-UN451800293940GOODAP-UN.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Allied Properties Real Estate Investment Trust is the large dot.

Fundamentals: return on equity against price-to-book

-40%-20%0%10×20×30×ABG180203UHTCREI8977RFFSREIBDNDXIMRG-UNMHC-UN365550TRTXYATO293940GOODAP-UN.TOReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Allied Properties Real Estate Investment Trust is the large dot.

Capital: ROE delivered against the ROE the price implies

-40%-20%0%20%-40%-20%0%20%ABG180203UHTCREI8977RFFBDNMHC-UNFVRGOODAP-UN.TOROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Allied Properties Real Estate Investment Trust is the large dot.

Allied Properties Real Estate Investment Trust competitors and peer comparison

How Allied Properties Real Estate Investment Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Allied Properties Real Estate Investment Trust against its 20 peers (data as of 6 Nov 2026)
MeasureAP-UN.TOPeer medianRank in peer set
1-month return-36.7%+3.5%lowest of 21
6-month return-60.9%-6.6%lowest of 21
Return on equity-43.5%5.0%lowest of 21
Price / book0.21×0.84×cheapest of 21
ROE the price implies4.3%7.4%2nd least demanding of 21
ROE delivered-43.5%4.7%lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Allied Properties Real Estate Investment Trust AP-UN.TOCanada$539M-61%-5%-43%0.21×4.3%-43.5%
Abacus ABG.AXAustralia$539M-13%-5%-5%0.55×7.0%-5.0%
China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit 180203.SZChina$541M0%+451%2%1.21×3.8%2.4%
Universal Health Realty Income Trust UHTUnited States$544M-4%0%14%3.90×26.8%13.5%
Custodian Property Income REIT CREI.LUnited Kingdom$545M+1%+9%11%0.83×8.0%10.6%
Hankyu Hanshin REIT 8977.TJapan$533M-19%-38%5%0.97×4.3%5.3%
Rural Funds RFF.AXAustralia$532M-1%+7%11%0.68×8.4%10.6%
Schroder Real Estate Investment Trust SREI.LUnited Kingdom$548M-6%+7%5%0.71×7.8%4.7%
Brandywine Realty Trust BDNUnited States$551M+4%+4%-19%0.85×10.1%-18.8%
Dexus Industria REIT DXI.AXAustralia$525M+3%-12%7%0.71×9.3%6.9%
Morguard North American Residential Real Estate Investment Trust MRG-UN.TOCanada$557M-12%-1%6%0.37×4.9%5.5%
Flagship Communities Real Estate Investment Trust MHC-UN.TOCanada$557M+17%+16%14%0.78×4.7%14.4%
FrontView REIT FVRUnited States$566M+5%+9%0%1.03×10.5%0.4%
Adamas Trust ADAMUnited States$514M-36%+35%0%0.70×9.0%-0.1%
ESR Kendall Square REIT 365550.KSSouth Korea$513M-37%+11%1%0.63×4.6%0.6%
TPG RE Finance Trust TRTXUnited States$512M-21%+6%4%0.50×7.7%4.1%
Atom Hoteles SOCIMI YATO.MCSpain$572M-7%-1%17%1.55×7.1%n/a
Automotive Properties Real Estate Investment Trust APR-UN.TOCanada$499M+11%+18%9%0.96×5.1%9.1%
Hanwha REIT 451800.KSSouth Korea$584M-26%+13%5%1.18×5.9%4.6%
Shinhan Alpha REIT 293940.KSSouth Korea$497M-8%+45%3%1.09×5.7%3.1%
Gladstone Commercial GOODUnited States$497M-21%+11%5%3.36×27.5%5.4%

Questions

Which companies are Allied Properties Real Estate Investment Trust's closest peers?
The cockpit's peer set: Abacus (ABG.AX), China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit (180203.SZ), Universal Health Realty Income Trust (UHT), Custodian Property Income REIT (CREI.L), Hankyu Hanshin REIT (8977.T), Rural Funds (RFF.AX), Schroder Real Estate Investment Trust (SREI.L), Brandywine Realty Trust (BDN).
Is Allied Properties Real Estate Investment Trust expensive compared with its peers?
On price / book it trades at 0.21× against a peer median of 0.84×, cheapest of 21 in its peer set. The share price implies a return on equity of about 4.3%; Allied Properties Real Estate Investment Trust delivers -43.5%, so the price asks more than the business earns today.
How has Allied Properties Real Estate Investment Trust stock performed?
Over six months to 6 Nov 2026 the shares returned -60.9% against -6.6% for the median peer; over one year -72.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.