ALLIED PROPERTIES REAL ESTAT (AP-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:AP-UN - CA0194561027 - REIT
14.26 CAD
-0.05 (-0.35%)
Taking everything into account, AP-UN scores 3 out of 10 in our fundamental rating. AP-UN was compared to 37 industry peers in the Diversified REITs industry. AP-UN has a bad profitability rating. Also its financial health evaluation is rather negative. AP-UN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- AP-UN had negative earnings in the past year.
- AP-UN had a positive operating cash flow in the past year.
- In multiple years AP-UN reported negative net income over the last 5 years.
- AP-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- AP-UN's Return On Assets of -5.53% is on the low side compared to the rest of the industry. AP-UN is outperformed by 75.68% of its industry peers.
- AP-UN's Return On Equity of -11.30% is on the low side compared to the rest of the industry. AP-UN is outperformed by 75.68% of its industry peers.
- AP-UN has a Return On Invested Capital of 2.17%. This is amonst the worse of the industry: AP-UN underperforms 86.49% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for AP-UN is below the industry average of 5.57%.
- The last Return On Invested Capital (2.17%) for AP-UN is above the 3 year average (2.01%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.53% | ||
| ROE | -11.3% | ||
| ROIC | 2.17% |
ROA(3y)-1.38%
ROA(5y)1.09%
ROE(3y)-2.5%
ROE(5y)1.5%
ROIC(3y)2.01%
ROIC(5y)2.01%
1.3 Margins
- The Operating Margin of AP-UN (45.88%) is worse than 64.86% of its industry peers.
- AP-UN's Operating Margin has been stable in the last couple of years.
- AP-UN's Gross Margin of 55.85% is in line compared to the rest of the industry. AP-UN outperforms 43.24% of its industry peers.
- In the last couple of years the Gross Margin of AP-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.88% | ||
| PM (TTM) | N/A | ||
| GM | 55.85% |
OM growth 3Y-2.25%
OM growth 5Y-0.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.43%
GM growth 5Y1.21%
2. Health
2.1 Basic Checks
- AP-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, AP-UN has about the same amount of shares outstanding.
- The number of shares outstanding for AP-UN has been increased compared to 5 years ago.
- AP-UN has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.36, we must say that AP-UN is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 0.36, AP-UN perfoms like the industry average, outperforming 40.54% of the companies in the same industry.
- The Debt to FCF ratio of AP-UN is 23.24, which is on the high side as it means it would take AP-UN, 23.24 years of fcf income to pay off all of its debts.
- AP-UN's Debt to FCF ratio of 23.24 is on the low side compared to the rest of the industry. AP-UN is outperformed by 62.16% of its industry peers.
- A Debt/Equity ratio of 0.79 indicates that AP-UN is somewhat dependend on debt financing.
- AP-UN has a Debt to Equity ratio of 0.79. This is in the better half of the industry: AP-UN outperforms 75.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 23.24 | ||
| Altman-Z | 0.36 |
ROIC/WACC0.39
WACC5.55%
2.3 Liquidity
- A Current Ratio of 0.47 indicates that AP-UN may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.47, AP-UN is in the better half of the industry, outperforming 75.68% of the companies in the same industry.
- AP-UN has a Quick Ratio of 0.47. This is a bad value and indicates that AP-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a decent Quick ratio value of 0.41, AP-UN is doing good in the industry, outperforming 75.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.41 |
3. Growth
3.1 Past
- AP-UN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.84%.
- AP-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 1.86%.
- Measured over the past years, AP-UN shows a small growth in Revenue. The Revenue has been growing by 1.80% on average per year.
EPS 1Y (TTM)1.84%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20.41%
Revenue 1Y (TTM)1.86%
Revenue growth 3Y7.78%
Revenue growth 5Y1.8%
Sales Q2Q%0.91%
3.2 Future
- AP-UN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 130.91% yearly.
- AP-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.64% yearly.
EPS Next Y-1075%
EPS Next 2Y240.95%
EPS Next 3Y130.91%
EPS Next 5YN/A
Revenue Next Year0.43%
Revenue Next 2Y2.72%
Revenue Next 3Y3.64%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- AP-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
- AP-UN is valuated reasonably with a Price/Forward Earnings ratio of 8.99.
- Based on the Price/Forward Earnings ratio, AP-UN is valued cheaply inside the industry as 94.59% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.12, AP-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.99 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AP-UN indicates a somewhat cheap valuation: AP-UN is cheaper than 62.16% of the companies listed in the same industry.
- AP-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AP-UN is cheaper than 72.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.86 | ||
| EV/EBITDA | 23.98 |
4.3 Compensation for Growth
- AP-UN's earnings are expected to grow with 130.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y240.95%
EPS Next 3Y130.91%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.91%, AP-UN is a good candidate for dividend investing.
- The stock price of AP-UN dropped by -23.13% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
- Compared to an average industry Dividend Yield of 7.04, AP-UN has a dividend in line with its industry peers.
- AP-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.91% |
5.2 History
- The dividend of AP-UN is nicely growing with an annual growth rate of 9.51%!
- AP-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)9.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- AP-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
- The dividend of AP-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-40.16%
EPS Next 2Y240.95%
EPS Next 3Y130.91%
TSX:AP-UN (1/14/2026, 7:00:00 PM)
14.26
-0.05 (-0.35%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-29 2025-10-29
Earnings (Next)02-04 2026-02-04
Inst Owners39.49%
Inst Owner ChangeN/A
Ins Owners1.41%
Ins Owner ChangeN/A
Market Cap1.99B
Revenue(TTM)598.73M
Net Income(TTM)-573.44M
Analysts48
Price Target14.71 (3.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.91% |
Yearly Dividend2.28
Dividend Growth(5Y)9.51%
DP-40.16%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-3.35%
PT rev (3m)-23.45%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-224.14%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.99 | ||
| P/S | 3.33 | ||
| P/FCF | 9.86 | ||
| P/OCF | 9.8 | ||
| P/B | 0.39 | ||
| P/tB | 0.39 | ||
| EV/EBITDA | 23.98 |
EPS(TTM)-4.1
EYN/A
EPS(NY)1.59
Fwd EY11.12%
FCF(TTM)1.45
FCFY10.14%
OCF(TTM)1.45
OCFY10.2%
SpS4.28
BVpS36.3
TBVpS36.3
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.53% | ||
| ROE | -11.3% | ||
| ROCE | 3.02% | ||
| ROIC | 2.17% | ||
| ROICexc | 2.19% | ||
| ROICexgc | 2.19% | ||
| OM | 45.88% | ||
| PM (TTM) | N/A | ||
| GM | 55.85% | ||
| FCFM | 33.77% |
ROA(3y)-1.38%
ROA(5y)1.09%
ROE(3y)-2.5%
ROE(5y)1.5%
ROIC(3y)2.01%
ROIC(5y)2.01%
ROICexc(3y)2.03%
ROICexc(5y)2.03%
ROICexgc(3y)2.03%
ROICexgc(5y)2.03%
ROCE(3y)2.79%
ROCE(5y)2.8%
ROICexgc growth 3Y9.34%
ROICexgc growth 5Y-1.13%
ROICexc growth 3Y9.34%
ROICexc growth 5Y-1.13%
OM growth 3Y-2.25%
OM growth 5Y-0.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.43%
GM growth 5Y1.21%
F-Score4
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 23.24 | ||
| Debt/EBITDA | 14.44 | ||
| Cap/Depr | 64.66% | ||
| Cap/Sales | 0.19% | ||
| Interest Coverage | 1.47 | ||
| Cash Conversion | 73.54% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.41 | ||
| Altman-Z | 0.36 |
F-Score4
WACC5.55%
ROIC/WACC0.39
Cap/Depr(3y)83.2%
Cap/Depr(5y)66.36%
Cap/Sales(3y)0.22%
Cap/Sales(5y)0.17%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.84%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20.41%
EPS Next Y-1075%
EPS Next 2Y240.95%
EPS Next 3Y130.91%
EPS Next 5YN/A
Revenue 1Y (TTM)1.86%
Revenue growth 3Y7.78%
Revenue growth 5Y1.8%
Sales Q2Q%0.91%
Revenue Next Year0.43%
Revenue Next 2Y2.72%
Revenue Next 3Y3.64%
Revenue Next 5YN/A
EBIT growth 1Y0.04%
EBIT growth 3Y5.36%
EBIT growth 5Y1.6%
EBIT Next Year22.96%
EBIT Next 3Y8.96%
EBIT Next 5YN/A
FCF growth 1Y-28%
FCF growth 3Y-15.19%
FCF growth 5Y-9.67%
OCF growth 1Y-27.89%
OCF growth 3Y-15.05%
OCF growth 5Y-9.58%
ALLIED PROPERTIES REAL ESTAT / AP-UN.CA FAQ
Can you provide the ChartMill fundamental rating for ALLIED PROPERTIES REAL ESTAT?
ChartMill assigns a fundamental rating of 3 / 10 to AP-UN.CA.
What is the valuation status for AP-UN stock?
ChartMill assigns a valuation rating of 5 / 10 to ALLIED PROPERTIES REAL ESTAT (AP-UN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for ALLIED PROPERTIES REAL ESTAT?
ALLIED PROPERTIES REAL ESTAT (AP-UN.CA) has a profitability rating of 3 / 10.
Is the dividend of ALLIED PROPERTIES REAL ESTAT sustainable?
The dividend rating of ALLIED PROPERTIES REAL ESTAT (AP-UN.CA) is 6 / 10 and the dividend payout ratio is -40.16%.