Allied Properties Real Estate Investment Trust has received approval from the Toronto Stock Exchange for a normal course issuer bid, allowing it to purchase up to 18,215,302 of its outstanding units, representing 10% of its public float. The NCIB will start on February 26, 2026, and expire on February 25, 2027. Purchases will be made on the open market through the TSX. Allied’s previous bid allowed for the purchase of 12,615,599 units, with 1,062 units bought at an average price of $16.86 per unit. The company may enter into pre-defined plans for repurchases to comply with trading regulations when not in possession of material non-public information.

Read more at GlobeNewswire: Allied Announces Renewal Of Normal Course Issuer Bid