Allied Announces First-Quarter Results

TORONTO, April 30, 2025 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX: "AP.UN") today announced results for the three months ended March 31, 2025. “Operations in the first quarter were strong in all respects. Our occupied and leased area remained stable, and our workspace portfolio continued to outperform in terms of occupancy in all urban submarkets other than Vancouver,” said Cecilia Williams, President & CEO. “While we continue to expect portfolio-wide occupancy gain and rent growth in 2025, the ongoing disruption of global trade is slowing decision-making with respect to long-term lease commitments in limited instances, even though overall demand is holding.”