Public market insider buying at Allied Properties REIT (AP)

Public market insider buying at Allied Properties REIT (T:AP)

Gordon R. Cunningham, a Director, acquired 5,000 Units on a direct ownership basis at a price of $41.310 on March 29th, 2021. This represents a $206,550 investment into the company's shares and an account share holdings change of 40.8%.

Allied Properties Real Estate Investment Trust (Allied) is a closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in seven urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Calgary, Edmonton and Vancouver. The Trust may invest in interests in income producing office, retail and residential properties and Properties Under Development in Canada. The Trust specializes in an office format created through the adaptive re-use of light industrial structures in urban areas that has come to be known as Class I. Its properties include 32 Atlantic, 47 Jefferson, 64 Jefferson, 905 King W, The Castle, 141 Bathurst, 420 Wellington W, 468 King W, The Well, 193 Yonge and Dominion Square. Its tenant base includes companies from various sectors, including business service and professional, telecommunications and information technology, and educational and institutional. Allied Properties Real Estate Investment Trust (AP) has a high amount of executive buying compared to its large-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $206,550.