FY2024 EPS Estimates for Allied Properties Real Estate Investment Trust (TSE:AP) Lowered by Analyst

Allied Properties Real Estate Investment Trust (TSE:AP) – Equities researchers at Desjardins cut their FY2024 earnings estimates for shares of Allied Properties Real Estate Investment Trust in a research report issued on Wednesday, May 1st. Desjardins analyst L. Kalmar now expects that the company will earn $2.01 per share for the year, down from their prior estimate of $2.24. Desjardins also issued estimates for Allied Properties Real Estate Investment Trust’s FY2025 earnings at $1.97 EPS.

Allied Properties Real Estate Investment Trust (TSE:AP) last announced its earnings results on Wednesday, January 31st. The company reported C($3.57) EPS for the quarter, missing the consensus estimate of C$0.62 by C($4.19). The company had revenue of C$150.90 million during the quarter.

Allied Properties Real Estate Investment Trust Price Performance

Allied Properties Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.80 annualized dividend and a dividend yield of ∞.

About Allied Properties Real Estate Investment Trust

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry.