Allied REIT Shares Plunge 25% on Q4 Loss, 500M Raise Plan

Toronto, Feb. 11, 2026 - Shares of Allied Properties Real Estate Investment Trust plunged more than 20 percent in early trading on the Toronto Stock Exchange after the company disclosed a substantial quarterly loss and outlined plans to raise 500 million through new unit offerings.

The units dropped 3.56, or 25 percent, to 10.49 during morning trading. The decline followed the release of Allied's fourth-quarter results, which included a net loss of 257.7 million for the period ending in 2024. That figure was driven largely by a 1.01 billion fair value loss on investment properties and properties held for sale, reflecting broader challenges in the real estate sector such as fluctuating property valuations amid economic pressures.

Rental revenue for the quarter came in at 148.8 million, a decrease from 155.1 million in the same period a year earlier. The downturn in revenue highlights ongoing difficulties in maintaining occupancy and rental rates, particularly in urban office and industrial spaces that form the core of Allied's portfolio.

In response to its financial position, Allied announced a two-part financing strategy to bolster its balance sheet. The company plans to secure...