At close of market on Friday, Allied Properties Real Estate Investment Trust (TSX:AP.UN) stock finished trading at +1.69%, bringing the stock price to $49.47 on the Toronto Stock Exchange. The stock price saw a low of $49.13 and a high of $49.77.
The company’s stock was traded 1,173 times with a total of 178,843 shares traded.
Allied Properties Real Estate Investment Trust has a market cap of $5.4 billion, with 109.1 million shares in issue.
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.
