Allied Properties REIT Price Target Lowered to CA$5 at RBC

08:06 AM EST, 11/02/2026 (MT Newswires) -- RBC Capital Markets lowered its price target on Allied Properties REIT (AP-UN.TO) to CA$5 from CA$10. Analyst Pammi Bir maintained a sector perform rating on shares of the Toronto-based real estate company. "Painful...no other way to describe Q3, with our earnings and NAV estimates taking another sizeable step back," Bir said in a note to clients. "With AP's leverage and payout ratios at unsustainable levels, the 90% dividend cut and upsized disposition target are certainly steps in the right direction," the analyst said. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)