Allied Properties Real Estate Investment Trust (AP-UN) Fair Value & Analysis
Real Estate · CA · Market cap C$2.1B
Fair value as of: Jul 18, 2026
From 13 valuation models · updated 4 days ago
Fair value updated Jul 18, 2026, revised from C$14.63 to C$3.81 (−74.0%) since Jun 26, 2026. Share price −0.5% over the past month.
Price vs Fair Value (12 months)
12‑month range C$8.70 – C$21.08 · the C$10.17 price screens above the C$3.81 fair value. As of Jul 18, 2026.
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Allied Properties Real Estate Investment Trust (AP-UN) currently trades at C$10.17, while our model-based Fair Value estimate is C$3.81, implying the stock looks roughly 62.5% overvalued today. We read business quality at 39/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Trailing-twelve-month revenue stands at C$586M. Revenue declined 4.5% year over year. It earns a return on equity of -28.0%. Net debt stands at C$4.6B. Fundamentals as of Jul 18, 2026
The share trades about 52% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -14% fair-value upside, at -63%, AP-UN screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 18, 2026. TTM = trailing twelve months.
About the company
Allied Properties Real Estate Investment Trust 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. Allied Properties Real Estate Investment Trust was established in October 25, 2002 and incorporated in Ontario, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Allied Properties Real Estate Investment Trust reported revenue of C$592M in FY2025 versus C$473M in FY2021, a compound +5.8%/yr. Reported net income was −C$1.3B in FY2025.
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Similar stocks
10 more REIT - Office stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BXP, Inc BXP | $64.91 | $60.75 | -6% |
| MERLIN Properties SOCIMI, S.A MRL | €15.23 | €7.92 | -48% |
| Vornado Realty Trust VNORP | $51.75 | $47.22 | -9% |
| Alexandria Real Estate Equities, Inc ARE | $51.60 | $129.00 | +150% |
| Gecina GECFF | $87.89 | $126.77 | +44% |
| Hudson Pacific Properties, Inc HPP | $14.54 | $3.95 | -73% |
| Mapletree Pan Asia Commercial Trust MPCMF | $1.07 | $0.9200 | -14% |
| Cousins Properties Incorporated CUZ | $28.86 | $8.62 | -70% |
| Keppel DC REIT KPDCF | $1.75 | $1.47 | -16% |
| DEXUS DEXSF | $4.05 | $2.58 | -36% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.