TORONTO, ONTARIO–(Marketwired – Dec. 7, 2016) – Allied Properties REIT (TSX:AP.UN) announced today that its Trustees have approved an increase in monthly cash distributions from $0.125 ($1.50 per unit annualized) to $0.1275 per unit ($1.53 per unit annualized). The increased monthly distribution will commence on January 16, 2017, payable to unitholders of record on December 31, 2016.
Allied Properties REIT is a leading owner, manager and developer of urban office environments that enrich experience and enhance profitability for business tenants operating in Canada’s major cities. Its objectives are to provide stable and growing cash distributions to unitholders and to maximize unitholder value through effective management and accretive portfolio growth.
Michael R. Emory
President and Chief Executive Officer
(416) 977-9002
memory@alliedreit.com
Allied Properties REIT
Cecilia C. Williams
Vice President and Chief Financial Officer
(416) 977-9002
cwilliams@alliedreit.com