This “Boring” Canadian Stock is up 70x since IPO
The Canadian Investor
00:00
Allied Property Rates Earnings Call
The majority of the proceeds will be used to pay down the debt, which actually like to hear their debt has gone up a little bit as they did some acquisitions during the pandemic at attractive prices. Management also talked about their urban data center and that they are looking to sell these this year. The average rent per occupied square foot was slightly down but up when excluding the UDC portfolio. Rent for renewing leases was up 5.6%.
Play episode from 14:05
Transcript
