Allied Announces December 2021 Distribution and Distribution Increase for 2022
02 Dezember 2021 - 12:14AM
Allied Properties Real Estate Investment Trust
(“Allied”)(TSX:AP.UN) announced today that its Trustees have (i)
declared a distribution of $0.1417 per unit for the month of
December 2021, payable on January 17, 2022, to unitholders of
record as at December 31, 2021, and (ii) approved a 2.9% increase
in monthly cash distributions for 2022 to $0.1458 per unit ($1.75
per unit annualized).
“Management and the Trustees continue to pursue
the two-fold objective of raising distributions on an annual basis
and reducing pay-out ratios over time,” said Michael Emory,
President and CEO. “Our demonstrated resiliency and growth during
the pandemic underpins the distribution increase announced today,
as does our ongoing confidence in our strategy of consolidating and
intensifying distinctive urban workspace and network-dense urban
data centres in Canada’s major cities.”
This press release may contain forward-looking
statements with respect to Allied, its operations, strategy,
financial performance and condition. These statements generally can
be identified by use of forward-looking words such as “may”,
“will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or
“continue” or the negative thereof or similar variations. The
actual results and performance of Allied discussed herein could
differ materially from those expressed or implied by such
statements. Such statements are qualified in their entirety by the
inherent risks and uncertainties surrounding future expectations,
including the effect of the global pandemic and consequent economic
disruption. Important factors that could cause actual results to
differ materially from expectations include, among other things,
general economic and market factors, competition, changes in
government regulations and the factors described under “Risk
Factors” in Allied’s Annual Information Form which is available at
www.sedar.com. These cautionary statements qualify all
forward-looking statements attributable to Allied and persons
acting on Allied’s behalf. Unless otherwise stated, all
forward-looking statements speak only as of the date of this press
release, and Allied has no obligation to update such
statements.
Allied is a leading owner, manager and developer
of (i) distinctive urban workspace in Canada’s major cities and
(ii) network-dense urban data centres in Toronto that form Canada’s
hub for global connectivity. Allied’s business is providing
knowledge-based organizations with distinctive urban environments
for creativity and connectivity.
FOR FURTHER INFORMATION, PLEASE CONTACT:Michael
R. EmoryPresident and Chief Executive Officer(416)
977-0643memory@alliedreit.com
Cecilia C. WilliamsExecutive Vice President and Chief Financial
Officer(416) 977-9002cwilliams@alliedreit.com
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