Allied Properties Real Estate Investment Trust Expected to Post FY2024 Earnings of $2.16 Per Share (TSE:AP)

Allied Properties Real Estate Investment Trust (TSE:AP) – Research analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of Allied Properties Real Estate Investment Trust in a research note issued on Tuesday, October 8th. National Bank Financial analyst M. Kornack now expects that the company will post earnings of $2.16 per share for the year, down from their prior estimate of $2.18. National Bank Financial currently has a “Hold” rating on the stock. National Bank Financial also issued estimates for Allied Properties Real Estate Investment Trust’s FY2025 earnings at $2.19 EPS.

Allied Properties Real Estate Investment Trust Price Performance

Allied Properties Real Estate Investment Trust (TSE:AP) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.36). The firm had revenue of C$146.75 million during the quarter.

Allied Properties Real Estate Investment Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Friday, September 27th.

About Allied Properties Real Estate Investment Trust

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry.