Allied Announces Third-Quarter Results
Key Highlights
- ➤Distribution cut 90% to $0.006 monthly, retaining approximately $126 million annually
- ➤2026 disposition outlook raised to $650 million-$700 million from approximately $500 million
- ➤Year-end occupied-area outlook increased to 86.0%-86.5% on stronger leasing
- ➤2026 FFO outlook reduced to $170 million-$175 million from $185 million-$200 million
- ➤Net debt to EBITDA rose to 12.5x, with year-end target in mid-11x range
Expert Statements
Cecilia Williams, President and CEO of Allied
“Stronger leasing has enabled us to raise our year-end occupancy outlook, while reducing leverage remains our highest priority,”
Cecilia Williams, President and CEO of Allied
“We’re expanding our disposition program, directing sale proceeds to debt repayment and pursuing opportunities to reduce capital commitments.”
Cecilia Williams, President and CEO of Allied
“We recognize the importance of distributions to our unitholders. At the same time, strengthening the balance sheet is our priority, and reducing the distribution will retain cash to accelerate debt reduction and improve Allied’s financial position.”
* Reduction of the monthly distribution by 90% to strengthen the balance sheet * Leasing and occupancy gains ahead of expectations * Dispositions on track to exceed 2026 target and multi-year program expansion by $750 million-$1.5 billion is underway * 2026 deleveraging objectives on track TORONTO, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX: "AP.UN") today announced results for the three months ended September 30, 2026.
“Stronger leasing has enabled us to raise our year-end occupancy outlook, while reducing leverage remains our highest priority,” said Allied President and CEO Cecilia Williams. “We’re expanding our disposition program, directing sale proceeds to debt repayment and pursuing opportunities to reduce capital commitments. We recognize the importance of distributions to our unitholders. At the same time, strengthening the balance sheet is our priority, and reducing the distribution will retain cash to accelerate debt reduction and improve Allied’s financial position.”
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