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Allied Properties Real Estate Investment Trust (AP_u.TO)

AP_u.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Allied announces $200 million equity offering
Wednesday, 10 Aug 2016 04:18pm EDT 

Allied Properties Real Estate Investment Trust : Allied announces $200 million equity offering . Intends to use about $56 million of proceeds to pay down unsecured line of credit, about $38 million to repay mortgages . Entered agreement to issue to public, on a bought-deal basis, 5.3 million units from treasury at $37.80/unit .Intends to use about $88 million of net proceeds of offering to fund acquisitions announced on Aug 3.  Full Article

Riocan,allied,Diamondcorp to sell residential component of well to Tridel and Woodbourne
Tuesday, 26 Jul 2016 07:00am EDT 

Allied Properties Real Estate Investment Trust : Riocan, allied and Diamondcorp to sell residential component of well to Tridel and Woodbourne .Allied Properties says deal for $180 million.  Full Article

Allied Properties REIT announces $150 mln offering of unsecured debentures
Monday, 9 May 2016 05:33pm EDT 

Allied Properties Real Estate Investment Trust : Allied properties real estate investment trust says debentures will bear interest at a rate of 3.934% per annum and will mature on November 14, 2022 . To use proceeds to fund portion of purchase price of properties in montreal announced on may 4, 2016 . To also use net proceeds to repay amounts drawn on allied's unsecured credit facility .Allied properties reit announces $150 million offering of 3.934% series B senior unsecured debentures.  Full Article

Allied Properties Real Estate to acquire class I office property in Toronto's Liberty Village
Tuesday, 8 Mar 2016 04:26pm EST 

Allied Properties Real Estate:To acquire class I office property in Toronto's Liberty Village for $31 million.Does not intend to place mortgage financing on the Property in the near term.  Full Article

Allied Properties Real Estate Investment Trust announces normal course issuer bid
Thursday, 17 Dec 2015 05:05pm EST 

Allied Properties Real Estate Investment Trust:Received approval from tsx for normal course issuer bid which will enable it to purchase up to 7.7 million issued and outstanding units.Says allied intends to commence the ncib on December 22, 2015.Reit -discount at which units are issued pursuant to drip will be decreased from 3% to 0%,to take effect with December 2015 distribution.Reit says ncib will expire on December 21, 2016 or such earlier date as allied completes its purchases pursuant to the ncib.  Full Article

Allied Properties Real Estate Investment Trust Announces Distribution Increase for 2016
Wednesday, 9 Dec 2015 05:44pm EST 

Allied Properties REIT:Says that its Trustees have approved an increase in monthly cash distributions from $0.1216 per unit ($1.46 per unit annualized) to $0.125 per unit ($1.50 per unit annualized).increased monthly distribution will commence on January 15, 2016, payable to unitholders of record on December 31, 2015.  Full Article

Allied Properties Real Estate Investment Trust announces October Distribution
Wednesday, 21 Oct 2015 02:26pm EDT 

Allied Properties Real Estate Investment Trust:Declared a distribution of $0.1216 per unit for the month of October.Distribution will be payable on November 16 to unitholders of record date as at October 30.  Full Article

Allied Properties Real Estate Investment Trust announces August distribution
Friday, 21 Aug 2015 01:28am EDT 

Allied Properties Real Estate Investment Trust:Announces distribution of $0.1216 per unit for the month of August, representing $1.46 per unit on an annualized basis.Says the distribution will be payable on Sep. 15, to unitholders of record as at Aug. 31.  Full Article

Allied Properties Real Estate Investment Trust completes offering of series a senior unsecured debentures
Tuesday, 18 Aug 2015 08:52am EDT 

Allied Properties Real Estate Investment Trust:Completes its issuance of $75 mln aggregate principal amount of series A senior unsecured debentures, which was re-opening of this series of debentures.Saus debentures bear interest at rate of 3.748 pct per annum and will mature on May 13, 2020.Debentures were issued at a price of $100.974 per $100 principal amount plus accrued and unpaid interest for the period from and including May 13, to but excluding the date of closing of the offering, with an effective yield of 3.522% if held to maturity.Intends to use the net proceeds from this offering to repay amounts drawn on Allied's unsecured credit facility used for general capital funding related to Allied's capital improvements, acquisitions and intensification projects.  Full Article

Allied Properties REIT announces offering of an additional $75 million of 3.748% series a senior unsecured debentures
Thursday, 13 Aug 2015 01:29pm EDT 

Allied Properties REIT:Announces offering of an additional $75 million of 3.748% series a senior unsecured debentures.Says debentures will bear interest at a rate of 3.748% per annum and will mature on may 13, 2020.Says debentures will be issued at a price of $100.974 per $100 principal amount plus accrued.Intends to use net proceeds to repay amounts drawn on Allied's unsecured credit facility used for general capital funding related to Allied's capital improvements, acquisitions and intensification projects and balance for general working capital purposes.  Full Article