Allied Properties Real Estate Investment Trust (TSE:AP) to Post FY2024 Earnings of $2.01 Per Share, Desjardins Forecasts

Allied Properties Real Estate Investment Trust (TSE:AP) – Investment analysts at Desjardins lowered their FY2024 earnings per share estimates for shares of Allied Properties Real Estate Investment Trust in a note issued to investors on Wednesday, May 1st. Desjardins analyst L. Kalmar now forecasts that the company will earn $2.01 per share for the year, down from their previous forecast of $2.24. Desjardins also issued estimates for Allied Properties Real Estate Investment Trust’s FY2025 earnings at $1.97 EPS.

Allied Properties Real Estate Investment Trust Stock Performance

Allied Properties Real Estate Investment Trust (TSE:AP) last announced its quarterly earnings results on Wednesday, January 31st. The company reported C($3.57) EPS for the quarter, missing the consensus estimate of C$0.62 by C($4.19). The firm had revenue of C$150.90 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 Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Monday, April 29th.

Allied Properties Real Estate Investment Trust Company Profile

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.