Allied Announces Fourth-Quarter and Year-End Results

Provided By GlobeNewswire

Last update: Feb 4, 2025

TORONTO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX: "AP.UN") today announced results for its fourth quarter and year ended December 31, 2024. “Our occupied and leased area remained steady for the third consecutive quarter, and our urban workspace portfolio continued to outperform in terms of occupancy and rent growth in all urban submarkets other than Vancouver,” said Cecilia Williams, President & CEO. “With demand rising in our cities and across our three workspace formats, we expect to increase our occupied and leased area and propel rent growth over the course of 2025.”