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Allied Properties Real Estate Investment Trust AP.UN

Morningstar Rating
CAD 17.10 +0.03 (0.18%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

AP.UN is trading at a 36% discount.
Price
CAD 17.37
Fair Value
CAD 27.59
Uncertainty
Very High
1-Star Price
CAD 24.72
5-Star Price
CAD 74.74
Economic Moat
Czsn
Capital Allocation
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News

Trading Information

Previous Close Price
CAD 17.07
Day Range
CAD 17.0817.33
52-Week Range
CAD 15.0123.40
Bid/Ask
CAD 17.08 / CAD 17.17
Market Cap
CAD 2.19 Bil
Volume/Avg
198,665 / 471,069

Key Statistics

Price/Earnings (Normalized)
9.66
Price/Sales
4.23
Dividend Yield (Trailing)
10.48%
Dividend Yield (Forward)
10.48%
Total Yield
10.48%

Company Profile

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada's major cities. Most of the total square footage in the company's real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada. Allied Properties' major tenants include IT, banking, government, marketing, and telecommunications firms. The company also controls a number of telecommunications/IT and retail properties within its real estate portfolio.
Sector
Real Estate
Industry
REIT - Office
Stock Style Box
Small Value
Total Number of Employees
386

Comparables

Valuation

Metric
AP.UN
MRG.UN
BTB.UN
Price/Earnings (Normalized)
9.6610.897.78
Price/Book Value
0.360.320.58
Price/Sales
4.231.832.14
Price/Cash Flow
9.526.967.23
Price/Earnings
AP.UN
MRG.UN
BTB.UN

Financial Strength

Metric
AP.UN
MRG.UN
BTB.UN
Quick Ratio
0.630.120.08
Current Ratio
0.730.190.09
Interest Coverage
−4.754.192.00
Quick Ratio
AP.UN
MRG.UN
BTB.UN

Profitability

Metric
AP.UN
MRG.UN
BTB.UN
Return on Assets (Normalized)
−4.58%3.91%3.11%
Return on Equity (Normalized)
−8.09%8.82%8.02%
Return on Invested Capital (Normalized)
−4.39%6.27%5.21%
Return on Assets
AP.UN
MRG.UN
BTB.UN
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