Allied Properties REIT Reports Lower Q3 Adjusted Funds from Operations, Cuts Monthly Distribution

07:11 AM EDT, 10/29/2026 (MT Newswires) -- Allied Properties Real Estate Investment Trust (AP-UN.TO) on Wednesday reported Q3 adjusted funds from operations of CA$20.0 million, or CA$0.102 per unit, a decrease from CA$59.1 million, or CA$0.423 per share, a year ago. Analysts polled by FactSet expected CA$0.17. Rental revenue was CA$138.1 million, down from CA$147.9 million a year ago. Analysts expected CA$135.0 million, with three analysts reporting. Allied's board of trustees reduced the monthly distribution by 90% to CA$0.006 per unit per month, or CA$0.072 per unit on an annualized basis, starting in November.