Allied Properties REIT Reports Q3 Financial Results with Decline in FFO and Rental Revenue
Allied Properties Real Estate Investment Trust (APYRF) reported its third-quarter financial results, highlighting a significant decrease in Funds From Operations (FFO). The FFO per unit fell to C$0.194, compared to C$0.470 in the prior year period, a decline attributed primarily to lower interest income. Diluted Adjusted Funds From Operations (AFFO) stood at C$0.110 per unit. The company also reported a 6.6% year-over-year decrease in rental revenue, which totaled C$138.11 million for the quarter. These results reflect broader headwinds facing the real estate investment trust sector, prompting the company to provide revised outlooks regarding its long-term financial projections.
Topics: AFFO FFO financial results rental revenue
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