TSX:AP.UNOffice REITs
Allied Properties REIT Balances Equity Offering And 10% Buyback In Toronto Test
Allied Properties REIT (TSX:AP.UN) has received approval for a normal course issuer bid to repurchase up to 10% of its public float.
The NCIB follows a major equity offering and is primarily intended to supply units for employee incentive programs.
The announcement comes as the REIT addresses leasing challenges in the Toronto office market.
Allied Properties REIT focuses on urban office and mixed-use properties, with Toronto as a key market. The new NCIB sits alongside a recently completed...