Allied Properties Real Estate Investment Trust (TSX: AP) will host a conference call and live audio webcast on October 29, 2026, to discuss its financial results for the quarter ended September 30, 2026. The announcement follows the scheduled release of the company's third-quarter financial statements.

The financial results for the period ending September 30, 2026, are set to be released after market close on Wednesday, October 28, 2026. This timing allows investors to review the data prior to the management discussion the following morning.

Conference call details

The conference call is scheduled for 10:00 am ET on Thursday, October 29, 2026. Participants can access the call by dialing 365-657-4084 or 1-833-769-6440 using conference ID #695753604. Alternatively, investors may join via the live audio webcast available through the company's investor relations portal.

The webcast recording will be archived for 90 days following the event. Allied provides these channels to ensure broad access to its quarterly performance commentary and strategic updates.

About Allied

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. The company focuses on providing sustainable workspace conducive to human wellness, creativity, connectivity, and diversity for knowledge-based organizations. Its mission emphasizes continuous contribution to cities and culture.

Allied Properties Real Estate Investment Trust reported second-quarter results on July 28, 2026, with Funds From Operations (FFO) per unit at $0.24, missing the analyst consensus estimate of $0.25 by 4%. The miss follows a 52% year-over-year decline from $0.49 per share in the prior period, driven primarily by a $1.5 million retroactive property tax assessment and lower interest income. Despite the earnings shortfall, quarterly sales of $140.510 million beat the analyst estimate of $136.452 million by 2.97%, though they represented a 3.13% decrease from $145.045 million in the same period last year.

The filing highlights that Adjusted Funds From Operations (AFFO) per unit stood at $0.17, excluding a one-time $5.9 million contractual severance expense. Management revised the full-year 2026 Same Asset Net Operating Income (NOI) outlook to a decline of (8.0)% to (9.0)%, citing reallocated capital toward development completion and near-term leasing support. These factors impact capitalized expenses and contribute to the divergence between operational leasing success and reported earnings quality.

Operational Highlights

Leasing activity remained robust in Q2 2026, with Allied completing 522,029 square feet of total leasing. This included 104,771 square feet of new leasing activity within the rental portfolio. The total leasing pipeline, including renewals, increased by 11% in the quarter and is up 33% since the beginning of the year. Rental rates on renewals increased by 1.3% ending-to-starting base rent and 7.8% average-to-average base rent, aligning with management’s expectations.

Disposition Program and Balance Sheet

Allied’s disposition program remains on track to meet its target of approximately $500 million in aggregate gross proceeds for 2026. In Q2, the company completed the sale of nine properties, generating $197 million in gross proceeds, bringing year-to-date dispositions to $243 million. An additional property is firm for approximately $78 million in proceeds, expected to close in Q3 2026. All proceeds from these dispositions will be allocated to repaying debt, supporting the improvement in the net debt to EBITDA ratio to 12.0x from 12.3x in Q1.

What the Numbers Show

A key analytical observation from the results is the divergence between operational leasing success and reported earnings quality. While Allied secured strong leasing volumes and rental rate increases, the Same Asset NOI declined significantly due to non-recurring items, specifically the retroactive property tax assessment and lower development fee income. This suggests that core operational demand remains healthy, but short-term earnings are suppressed by structural adjustments and tax liabilities rather than a lack of tenant interest. Furthermore, the NAV per unit dropped 51.3% to $18.97, reflecting fair value losses on investment properties driven by higher market discount rates across Toronto and Montréal portfolios.