Entry3.99→Now4.03
Long AP-UN on deep NAV discount despite management risk Open original source
AP-UN.TO Allied Properties Real Estate Investment Trust Loading... : Investor Sentiment and Bull/Bear Views
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Top Calls
Price change since each call, adjusted for long/short direction. Results calculated:
Feed
Time
Author
Thesis
Company / ticker
Signal
Since call
Position
Source
18:40
Oct 30
Oct 30
r/ValueInvesting
Long AP-UN on deep NAV discount despite management risk
Author is long Allied Properties at roughly $9 CAD average and argues the REIT trades near an 80% discount to NAV with P/FFO around 5x versus 13-20x for competitors, pricing in bankruptcy he does not expect. He acknowledges debt near 13-14x, a 90% distribution cut, halted interest income on Westbank loans equal to 30% of market cap, and management he calls incompetent, and is tempted to add more.
AP-UN.TO
Allied Properties Real Estate Investment Trust
Long
2ND
Position: Holding
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15:13
Feb 11
Feb 11
r/ValueInvesting
Allied Properties overreaction; deep value bounce
The author argues Allied Properties' 25% drop is a huge overreaction and is considering starting a position for a bounce back. He notes the REIT trades near $10/share versus book value closer to $35, at about 7x AFFO, with 85-90% occupancy and a recently cut dividend (down ~60%) to service debt, which he views as a good move. He attributes the drop to a $500M equity offering at low prices needed to cover $600M of Series H debt maturing this year, and believes all the bad news is already baked in.
AP-UN.TO
Allied Properties Real Estate Investment Trust
Long
1ST
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About AP-UN.TO Investor Commentary
Across the available history and selected sources, Buzzberg tracks AP-UN.TO (Allied Properties Real Estate Investment Trust) across 1 sources: 2 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 2 total trade ideas tracked. Past 7 days, before deduplication: 1 bullish. Latest voices: u/JamesVirani.