Feb 10, 2026
Allied Properties (AP-UN) should be ugly today after announcing a $500M equity raise near the lows, with proceeds used to help repay $600M of notes due today…
… in what’s effectively forced dilution - as the fundamentals of its core portfolio remain challenging. Given the weak bid for office…
… the company is also marketing its two big residential assets in hopes of raising another $500M through divestitures. Let’s see.
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