ALLIED PROPERTIES REAL ESTAT (AP-UN.CA) Stock Fundamental Analysis

TSX:AP-UN • CA0194561027

9.7 CAD
-0.14 (-1.42%)
Last: Feb 19, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall AP-UN gets a fundamental rating of 3 out of 10. We evaluated AP-UN against 36 industry peers in the Diversified REITs industry. Both the profitability and financial health of AP-UN have multiple concerns. AP-UN is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

3

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.
AP-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFAP-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M

1.2 Ratios

  • With a Return On Assets value of -5.53%, AP-UN is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
  • The Return On Equity of AP-UN (-11.30%) is worse than 75.00% of its industry peers.
  • With a Return On Invested Capital value of 2.17%, AP-UN is not doing good in the industry: 86.11% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for AP-UN is below the industry average of 5.59%.
  • The 3 year average ROIC (2.01%) for AP-UN is below the current ROIC(2.17%), indicating increased profibility in the last year.
Industry RankSector 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%
AP-UN.CA Yearly ROA, ROE, ROICAP-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • The Operating Margin of AP-UN (45.88%) is worse than 63.89% of its industry peers.
  • AP-UN's Operating Margin has been stable in the last couple of years.
  • AP-UN has a Gross Margin (55.85%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of AP-UN has remained more or less at the same level.
Industry RankSector 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%
AP-UN.CA Yearly Profit, Operating, Gross MarginsAP-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AP-UN is destroying value.
  • The number of shares outstanding for AP-UN remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for AP-UN has been increased compared to 5 years ago.
  • The debt/assets ratio for AP-UN is higher compared to a year ago.
AP-UN.CA Yearly Shares OutstandingAP-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
AP-UN.CA Yearly Total Debt VS Total AssetsAP-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • AP-UN has an Altman-Z score of 0.29. This is a bad value and indicates that AP-UN is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of AP-UN (0.29) is comparable to the rest of the 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.
  • Looking at the Debt to FCF ratio, with a value of 23.24, AP-UN is doing worse than 61.11% of the companies in the same industry.
  • AP-UN has a Debt/Equity ratio of 0.79. This is a neutral value indicating AP-UN is somewhat dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.79, AP-UN is doing good in the industry, outperforming 77.78% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 23.24
Altman-Z 0.29
ROIC/WACC0.39
WACC5.51%
AP-UN.CA Yearly LT Debt VS Equity VS FCFAP-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

  • AP-UN has a Current 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.
  • Looking at the Current ratio, with a value of 0.47, AP-UN is in the better half of the industry, outperforming 75.00% 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.
  • AP-UN has a better Quick ratio (0.41) than 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.47
Quick Ratio 0.41
AP-UN.CA Yearly Current Assets VS Current LiabilitesAP-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.84% over the past year.
  • The Revenue has been growing slightly by 1.86% in the past year.
  • 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

  • The Earnings Per Share is expected to grow by 130.91% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, AP-UN will show a small growth in Revenue. The Revenue will grow by 3.64% on average per year.
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.
AP-UN.CA Yearly Revenue VS EstimatesAP-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
AP-UN.CA Yearly EPS VS EstimatesAP-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4

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5

4. Valuation

4.1 Price/Earnings Ratio

  • AP-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 6.12, which indicates a rather cheap valuation of AP-UN.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AP-UN indicates a rather cheap valuation: AP-UN is cheaper than 100.00% of the companies listed in the same industry.
  • AP-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
Industry RankSector Rank
PE N/A
Fwd PE 6.12
AP-UN.CA Price Earnings VS Forward Price EarningsAP-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80 100

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 61.11% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, AP-UN is valued cheaper than 86.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.71
EV/EBITDA 21.67
AP-UN.CA Per share dataAP-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

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%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • AP-UN has a Yearly Dividend Yield of 7.91%, which is a nice return.
  • In the last 3 months the price of AP-UN has falen by -26.74%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 7.01, AP-UN has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.85, AP-UN pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.91%

5.2 History

  • On average, the dividend of AP-UN grows each year by 9.51%, which is quite nice.
  • AP-UN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.51%
Div Incr Years0
Div Non Decr Years0
AP-UN.CA Yearly Dividends per shareAP-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • AP-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • AP-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-40.16%
EPS Next 2Y240.95%
EPS Next 3Y130.91%
AP-UN.CA Yearly Income VS Free CF VS DividendAP-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M

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ALLIED PROPERTIES REAL ESTAT

TSX:AP-UN (2/19/2026, 7:00:00 PM)

9.7

-0.14 (-1.42%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-10
Earnings (Next)04-28
Inst Owners39.49%
Inst Owner ChangeN/A
Ins Owners1.41%
Ins Owner ChangeN/A
Market Cap1.36B
Revenue(TTM)598.73M
Net Income(TTM)-573.44M
Analysts48
Price Target14.54 (49.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.91%
Yearly Dividend2.28
Dividend Growth(5Y)9.51%
DP-40.16%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-30
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)-1.16%
PT rev (3m)-25%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.06%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 6.12
P/S 2.26
P/FCF 6.71
P/OCF 6.67
P/B 0.27
P/tB 0.27
EV/EBITDA 21.67
EPS(TTM)-4.1
EYN/A
EPS(NY)1.59
Fwd EY16.35%
FCF(TTM)1.45
FCFY14.91%
OCF(TTM)1.45
OCFY15%
SpS4.28
BVpS36.3
TBVpS36.3
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector 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 RankSector 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 0.29
F-Score4
WACC5.51%
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%.