TORONTO, March 15, 2018 (GLOBE NEWSWIRE) -- Allied Properties REIT (the “REIT”) (TSX:AP.UN) announced today that the Trustees of the REIT have declared a distribution of $0.13 per unit for the month of March 2018, representing $1.56 per unit on an annualized basis. The distribution will be payable on April 16, 2018, to unitholders of record as at March 31, 2018.
Allied Properties REIT is a leading owner, manager and developer of distinctive urban workspace in Canada’s major cities. Its objectives are to provide stable and growing cash distributions to unitholders and to maximize unitholder value through effective management and accretive portfolio growth.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Michael R. Emory
President and Chief Executive Officer
Cecilia C. Williams
Executive Vice President and Chief Financial Officer
Source: Allied Properties REIT