- Allied Properties reported a Funds from Operations (FFO) per unit excluding items of C$0.518, a 16% decrease year-over-year, which missed the estimate of C$0.53.
- The company’s Adjusted EBITDA stood at C$98.4 million, down by 4.2% year-over-year but still above the estimate of C$91.3 million.
- Adjusted Funds from Operations (AFFO) per unit dropped to C$0.460 from C$0.562 compared to the previous year.
- The Net Asset Value (NAV) per unit decreased by 9.5% year-over-year, ending at C$41.25.
- Analyst recommendations include 3 buys, 6 holds, and no sells for the company’s stock.
A look at Allied Properties Real Estate Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Allied Properties Real Estate, the company shows strong performance in the areas of Value and Dividend, scoring the highest possible score of 5 in both categories. This indicates that the company is considered to be undervalued and offers a good dividend yield to investors. However, the Growth and Resilience scores are lower at 2, suggesting that there may be areas where the company can potentially improve. The Momentum score of 3 indicates a moderate level of positive price trend.
Allied Properties Real Estate Investment Trust, a company that focuses on investing in office properties in Canada, particularly in Toronto, Ontario, may be well-positioned for long-term success based on its strong Value and Dividend scores. While there is room for improvement in Growth and Resilience, the company’s overall performance is solid, as evidenced by its high scores in key areas essential for investors seeking stable returns and income.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
