Allied Properties Real Estate Investment Trust

TSX:AP.UNCanadaView on OTC Pink - Current Information

Ratings actions from Baystreet: http://www.baystreet.ca

(END) Dow Jones Newswires

May 02, 2024 12:03 ET (16:03 GMT)

investment properties held for sale 119,192 71,768 47,424 Adjustment to fair value of Exchangeable LP Units (29,641) -- (29,641) Adjustment to fair value of derivative instruments (7,148) 8,024 (15,172) Incremental leasing costs 2,711 2,240 471 Amortization of improvement allowances 9,393 8,185 1,208 Amortization of property, plant and equipment (1) 100 100 -- Distributions on Exchangeable LP Units 5,314 -- 5,314 Adjustments relating to joint venture: Adjustment to fair value on investment properties (188) 4,023 (4,211) Amortization of improvement allowances 179 183 (4) Interest expense(2) -- 335 (335) ---------------------- ----------- ----------- ------- FFO $ 81,149 $ 81,175 $ (26) Condominium marketing costs 35 120 (85) Mark-to-market adjustment on unit-based compensation (390) (210) (180) ---------------------- ----------- ----------- ------- FFO excluding condominium related items, financing prepayment costs, and the mark-to-market adjustment on unit-based compensation $ 80,794 $ 81,085 $ (291) Amortization of straight-line rent (1,453) (1,993) 540 Regular leasing expenditures (1,587) (1,126) (461) Regular and recoverable maintenance capital expenditures (750) (1,868) 1,118 Incremental leasing costs (related to regular leasing expenditures) (1,898) (1,568) (330) Adjustment relating to joint venture: Amortization of straight-line rent (45) (48) 3 Regular leasing expenditures (7) -- (7) ---------------------- ----------- ----------- ------- AFFO excluding condominium related items, financing prepayment costs, and the mark-to-market adjustment on unit-based compensation $ 75,054 $ 74,482 $ 572 ---------------------- ----------- ----------- ------- Weighted average number of units (3) Basic 139,765,128 139,765,128 -- Diluted 139,765,128 139,765,128 -- Per unit - basic FFO $ 0.581 $ 0.581 $ -- FFO excluding condominium related items, financing prepayment costs, and the mark-to-market adjustment on unit-based compensation $ 0.578 $ 0.580 $ (0.002) AFFO excluding condominium related items, financing prepayment costs, and the mark-to-market adjustment on unit-based compensation $ 0.537 $ 0.533 $ 0.004 Per unit - diluted FFO $ 0.581 $ 0.581 $ -- FFO excluding condominium related items, financing prepayment costs, and the mark-to-market adjustment on unit-based compensation $ 0.578 $ 0.580 $ (0.002) AFFO excluding condominium related items, financing prepayment costs, and the mark-to-market adjustment on unit-based compensation $ 0.537 $ 0.533 $ 0.004 Pay-out Ratio FFO 77.5% 77.5% 0.0% FFO excluding condominium related items, financing prepayment costs, and the mark-to-market adjustment on unit-based compensation 77.8% 77.6% 0.2% AFFO excluding condominium related items, financing prepayment costs, and the mark-to-market adjustment on unit-based compensation 83.8% 84.4% (0.6)% ---------------------- ----------- ----------- -------