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BRIEF-Allied Reports Qtrly AFFO Per Unit of $0.434

Published 2019-02-13, 06:35 p/m
© Reuters.  BRIEF-Allied Reports Qtrly AFFO Per Unit of $0.434
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Feb 13 (Reuters) - Allied Properties Real Estate Investment Trust AP_u.TO :

* ALLIED ANNOUNCES FOURTH-QUARTER AND YEAR-END RESULTS

* NAV PER UNIT $42.12 AS OF DEC 31, 2018

* QTRLY AFFO PER UNIT $0.434

* QTRLY FFO PER UNIT $0.535

* Q4 FFO PER SHARE VIEW C$0.54 -- REFINITIV IBES DATA

* EXPECTS TO ALLOCATE $830 MILLION TO ITS URBAN DEVELOPMENT PROGRAM IN NEXT FOUR YEARS

* SEES LOW- TO MID-SINGLE-DIGIT PERCENTAGE GROWTH IN AFFO PER UNIT IN 2019

* SEES LOW- TO MID-SINGLE-DIGIT PERCENTAGE GROWTH IN FFO PER UNIT IN 2019

* ALLIED PROPERTIES - EXPECTS TO ALLOCATE ABOUT $300 MILLION IN 2019, $230 MILLION IN EACH OF 2020 AND 2021 AND $70 MILLION IN 2022 TO URBAN DEVELOPMENT PROGRAM

* SEES LOW- TO MID-SINGLE-DIGIT PERCENTAGE GROWTH IN SAME-ASSET NOI IN 2019

* EXPECTS CONTINUED GROWTH IN NAV PER UNIT IN 2019

* FY2019 FFO PER SHARE VIEW C$2.25 -- REFINITIV IBES DATA

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