Allied Properties Real Estate Investment Trust is a TSX-listed real estate investment trust with its headquarters in Toronto.
It is an unincorporated, open-ended real estate investment trust.
The company primarily owns, develops and manages properties under various formats across Canada, including Class I office spaces and urban data centers. In addition, the real estate investment trust (REIT) portfolio comprises significant properties located in Toronto and Montreal.
Allied Properties Real Estate Investment Trust has clients and tenants from various sectors, including IT, banking, marketing, and government firms.
The Trust was created on October 25, 2002, and is governed by the laws of Ontario. It went public in 2003 and trades on the Toronto Stock Exchange under the ticker 'AP.UN'.
The firm provides Class I properties, mixed-use properties, and hybrid structures across Toronto, Ottawa, Calgary, Montreal, Edmonton, Vancouver and Kitchener.
Allied Properties is said to be one of the leading companies providing metropolitan workspaces in Canada and network-dense data centers in Toronto.
The company claims to have been honored as the Best Employer in Canada by Kincentric Best Employer Global Certification in 2021.
Allied Properties’ user profile reportedly consists of different categories, including telecommunications & information technology, retail, business services, media & entertainment, financial services, educational institution, etc.
The company owns 171 rental properties across seven urban markets in Canada and three urban data centers in Downtown Toronto.
Allied Properties Real Estate Investment Trust claims to generate a majority of revenue from the direct rental route and the remaining from ancillary rental sources.
The company reportedly has 30 properties in its Montreal division, comprising 6.5 million square feet of gross leasable area.
As of 2021, the portfolio includes nine properties under development:
• Adelaide & Duncan, Toronto
• College & Manning, 547-549 College, Toronto
• Boardwalk Building, Edmonton
• QRC West Phase II, Toronto
• The Lougheed (604-1st SW), Calgary
• The Well, Toronto
• 400 Atlantic, Montréal
• Breithaupt Phase III, Kitchener
• KING Toronto, Toronto
In February 2021, the company announced its plans to issue green bonds, green loans, etc., under the Green Financial Framework.