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The Canadian Press
Allied Properties Real Estate Investment Trust says it is cutting its monthly distributions to unitholders as it continues its plan to sell non-core assets.
The trust says it will now pay a monthly distribution of six cents per unit.
The payment is down from a monthly distribution of 15 cents per unit.
Allied says it made progress in 2024 and 2025 in reducing its debt through the sale of non-core assets.
It says the sale process will continue in 2026.
Allied units were up seven cents at $13.07 in early trading on the Toronto Stock Exchange.