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Story summary
- Allied Properties Real Estate Investment Trust (REIT) plans to raise $500 million in equity to enhance its balance sheet after reporting a $1.328 billion net loss for 2025, primarily due to a $1.4 billion writedown on property values.
- CEO Cecilia Williams described this initiative as part of an "action plan" to strengthen the company amid a difficult leasing market.
- Following the announcement, the REIT's units dropped over 28%.
- Allied aims to sell $500 million in properties and has completed $29 million in sales in 2026.
- The company anticipates slight declines in occupancy and operating income in 2026, with a gradual recovery expected by 2028.
