Debt ManagementThe REIT is heading into two years that have significant debt maturities which could put additional pressure on a payout ratio that is above 100%.
Financial StrategyThe transaction to reduce exposure to Westbank is viewed as 'generous to Westbank', suggesting Allied may be overpaying considering the market conditions.
Operational PerformanceThough Allied Properties REIT’s results were in line with expectations, operating performance remains challenged, and it is difficult to see any material improvement in occupancy in the near term.