Allied Announces Renewal Of Normal Course Issuer Bid

TORONTO, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) today announced that it has received approval from the Toronto Stock Exchange (“TSX”) for a normal course issuer bid (“NCIB”) which will enable it to purchase up to 18,215,302 of its 183,955,983 issued and outstanding units (“Units”) as at February 18, 2026, representing approximately 10% of its public float of 182,153,029 Units as at that date. The primary purpose of the NCIB is to purchase Units to fulfil Allied’s commitments to employees under its restricted unit plan and other employee programs. Allied may also purchase Units for cancellation from time to time, depending on the market price of the Units and other factors.

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