Allied Properties Real Estate Investment Trust (TSE:AP.UN) Sets New 52-Week Low – Here’s Why

Allied Properties Real Estate Investment Trust (TSE:AP.UN) reached a new 52-week low during trading on Tuesday. The stock traded as low as C$5.83 and last traded at C$5.84, with a volume of 198,250 shares changing hands. The stock had previously closed at C$6.03.

Allied Properties Real Estate Investment Trust Price Performance

The business has a 50-day moving average price of C$8.20 and a two-hundred day moving average price of C$9.37. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of -0.47 and a beta of 0.96.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported C($4.05) earnings per share for the quarter. The business had revenue of C$140.51 million for 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 anticipate that Allied Properties Real Estate Investment Trust will post 1.84 EPS for the current 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.