Allied Properties REIT Gets TSX Approval for 10% Buyback

Dow Jones
02/24
 

By Adriano Marchese

 

Allied Properties Real Estate Investment Trust intends to buy back up to 10% of its shares over the course of a year.

The Canadian REIT on Tuesday said that the Toronto Stock Exchange approved its normal course issuer bid to buy back up to 18.2 million shares for cancellation.

The stock has been under pressure so far in the year, falling nearly 28% to close on Monday at 9.66 Canadian dollars ($7.05) a share.

At Monday's closing price, the value of the shares intended for buyback would be worth about C$176 million.

Allied can begin buying back shares starting of Feb. 26.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

February 24, 2026 07:37 ET (12:37 GMT)

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