Allied Properties Real Estate Investment Trust AP-UN-T says it is cutting its monthly distributions to unitholders as it continues its plan to sell non-core assets.

The trust says it will now pay a monthly distribution of 6 cents per unit.

The payment is down from a monthly distribution of 15 cents per unit.

Earlier: Allied Properties REIT sees unit price fall 17% after management floats distribution cut

Allied says it made progress in 2024 and 2025 in reducing its debt through the sale of non-core assets.

It says the sale process will continue in 2026.

Allied units were up seven cents at $13.07 in early trading on the Toronto Stock Exchange. Please enable JavaScript to view this content.

See Full Page