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Category: Commercial

Allied’s net loss decreases in 2024, operating income rises

Steve McLean Commercial Office National Feb. 11 2025

Allied Properties REIT recorded a $342.53M net loss in 2024 (down 18.6 per cent from 2023). The biggest drain was $557.57M in asset value writedowns, but that didn't stop CEO Cecilia Williams from being optimistic about 2025.

 

Real estate returns remain below average: MSCI/REALPAC index

Steve McLean Commercial Investment National Feb. 10 2025

The MSCI/Real Property Association of Canada (REALPAC) Canadian Property Index performed better in 2024 than it had a year earlier, but total returns remained well below historical norms.

 

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