10:46 AM EDT, 09/16/2025 (MT Newswires) -- Allied Properties Real Estate Investment Trust (AP-UN.TO) Tuesday said it now has nine additional non-core properties for sale in Toronto, with expected proceeds of about C$257 million.

The trust said it has completed the sale of two non-core properties-one in Edmonton and one in Vancouver-and has 10 others under contract or in negotiations for about C$231 million in 2025 proceeds. Those include six in Montreal, two in Toronto, one in Vancouver and one in Calgary.

Allied expects to finish its non-core property sales in early 2026 while meeting its target of at least C$300 million in proceeds for 2025. The company sold seven non-core properties in 2024, four in Montreal, one each in Ottawa, Toronto and Calgary, for a total of $252 million.

"We initiated the sale process last year to fund the acquisition of larger than expected interests in 400 West Georgia, 19 Duncan and Calgary House," said Allied Properties founder and executive chair Michael Emory.

"We've continued this year with the immediate objective of improving access to the debt capital markets and the longer-term objective of serving knowledge-based organizations in Canada's major cities ever-better and more profitably."

Shares of the company were last seen up 1.9% at $20.74 on the Toronto Stock Exchange.

Price: 20.74, Change: +0.39, Percent Change: +1.92