Allied Properties Real Estate Investment Trust (TSE:AP.UN) Hits New 1-Year Low – Here’s Why

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price hit a new 52-week low on Monday. The stock 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 Price Performance

The company has a 50 day moving average of C$7.89 and a 200-day moving average of C$9.27. The stock has a market capitalization of C$1.09 billion, a P/E ratio of -0.44 and a beta of 0.96. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported C($4.05) earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts predict 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.