01:13 PM EST, 02/24/2025 (MT Newswires) -- Allied Properties Real Estate Investment Trust (AP-UN.TO) on Monday said the Toronto Stock Exchange approved its notice to buy back up and cancel to 12.6-million units.

The buyback takes effect on Feb. 26 and will run for one year.

Under its normal course issuer bid that began on Feb. 26, 2024, Allied repurchased 120,338 units at a weighted average price of $17 each.

The company's units were last seen up $0.20 to $17.20 on the Toronto Stock Exchange.

Price: 17.17, Change: +0.16, Percent Change: +0.97