Allied Properties Real Estate Investment Trust FY2025 Earnings Forecast Update
National Bank Financial has revised its earnings per share (EPS) estimates for Allied Properties Real Estate Investment Trust (TSE:AP) for the fiscal year 2025. Analyst M. Kornack now predicts that the company will post earnings per share of $2.11, down from the previous forecast of $2.23. This news comes after the company reported quarterly earnings results that fell short of expectations, with earnings per share coming in at C($3.57) compared to the consensus estimate of C$0.62.
In addition to the earnings revision, Allied Properties Real Estate Investment Trust also announced a monthly dividend, which will be paid on May 15th. Shareholders of record on April 30th will receive a dividend of $0.15 per share, representing an annualized dividend of $1.80 and an infinite yield. The ex-dividend date for this payment is April 29th.
Allied Properties Real Estate Investment Trust is a company that manufactures and sells specialty metal products and customized equipment used by industries worldwide. Through its subsidiary, Union Electric Steel Corporation, the company is a leading producer of forged and cast rolls for the global steel and aluminum industry.
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