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Allied Properties REIT cuts distribution by 90% to focus on debt repayment
Source: The Globe and Mail
Capital Returns (Dividends / Buybacks)Housing & Real EstateCompany FundamentalsCredit & Bond Markets
Allied Properties Real Estate Investment Trust cut its cash distribution by 90%, the second payout reduction in the past 12 months. The office-building owner said it is prioritizing debt repayment.
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