Allied Properties Real Estate Investment Trust (TSE:AP.UN) Sets New 12-Month Low – Here’s What Happened

Allied Properties Real Estate Investment Trust (TSE:AP.UN) shares reached a new 52-week low on Monday. The company traded as low as C$5.58 and last traded at C$5.59, with a volume of 126,068 shares trading hands. The stock had previously closed at C$5.68.

Allied Properties Real Estate Investment Trust Stock Up 3.3%

The stock’s 50-day moving average price is C$7.73 and its two-hundred day moving average price is C$9.22. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The stock has a market capitalization of C$1.10 billion, a P/E ratio of -0.45 and a beta of 0.96.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported C($4.05) earnings per share for the quarter. The firm had revenue of C$140.51 million during the quarter. Allied Properties Real Estate Investment Trust had a negative return on equity of 8.01% and a negative net margin of 89.93%. As a group, research analysts expect that Allied Properties Real Estate Investment Trust will post 1.84 earnings per share for the current fiscal year.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.