Allied Properties Real Estate Investment Trust ( AP.UN:CA ) Q3 2025 Earnings Call October 30, 2025 10:00 AM EDT Company Participants Cecilia Williams - President, CEO & Trustee Nanthini Mahalingam - Senior VP & CFO J.P. Mackay - Senior Vice President & Chief Operating Officer Conference Call Participants Jonathan Kelcher - TD Cowen, Research Division Mario Saric - Scotiabank Global Banking and Markets, Research Division Roger Lafontaine Lorne Kalmar - Desjardins Securities Inc., Research Division Matt Kornack - National Bank Financial, Inc., Research Division Tal Woolley - CIBC Capital Markets, Research Division Pammi Bir - RBC Capital Markets, Research Division Shalabh Garg - Veritas Investment Research Corporation Bradley Sturges - Raymond James Ltd.
AP reports a second-quarter 2025 loss as restructuring costs and weaker mill roll demand weigh on results.
Ampco-Pittsburgh Corporation (NYSE:AP ) Q2 2025 Earnings Conference Call August 13, 2025 10:30 AM ET Company Participants David G. Anderson - President of Air & Liquid Systems Corporation J.
Allied Properties' Q2-2025 results show rising interest expenses and heavy property write-downs. Management's optimism on balance sheet progress is not supported by the numbers. The dangerously high debt-to-EBITDA ratio near 12x keeps sending warnings and that is not all.
Discover why Zacks rates Ampco-Pittsburgh as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore AP's promising growth prospects and financial health amid market challenges.
Ampco-Pittsburgh Corporation (NYSE:AP ) Q1 2025 Earnings Conference Call May 13, 2025 10:30 AM ET Company Participants Kim Knox - Corporate Secretary Brett McBrayer - Chief Executive Officer Sam Lyon - President, Union Electric Steel Corporation David Anderson - President, Air & Liquid Systems Corporation Mike McAuley - Chief Financial Officer Operator Good morning, and welcome to the Ampco-Pittsburgh Corporation First Quarter 2025 Earnings Results Conference call. All participants will be in listen-only mode.
Allied Properties REIT's Q1-2025 results revealed two major issues. At current projections, AFFO payout should go well past 100%. A distribution cut is inevitable at this point.
Ampco-Pittsburgh Corporation (NYSE:AP ) Q4 2024 Earnings Conference Call March 13, 2025 10:30 AM ET Company Participants Kim Knox - Corporate Secretary Brett McBrayer - CEO Dave Anderson - President, Air & Liquid Systems Corporation Sam Lyon - President, Union Electric Steel Corporation Mike McAuley - SVP, CFO and Treasurer Conference Call Participants John Bair - Ascend Wealth Advisors David Wright - Henry Investment Trust Dennis Scannell - Rutabaga Capital Operator Good morning, everyone, and welcome to the Ampco-Pittsburgh Corporation Fourth Quarter 2024 Earnings Results Conference Call. All participants will be in a listen-only mode.
We have not been fans of the Allied Property model. We had hoped they would work on their deleveraging in 2023 and 2024. They went in the other direction.
Allied Properties REIT focuses on prime Canadian city center real estate, benefiting from urban density and high demand, ensuring stable and premium rent prices. The current P/AFFO ratio of 9.5x is below the sector average of 13x, indicating potential for significant upside. Long-term average multiples around 15x suggest a strong recovery potential if management executes well.
Ampco-Pittsburgh Corporation (NYSE:AP ) Q3 2024 Results Conference Call November 12, 2024 10:30 AM ET Company Participants Kim Knox - Corporate Secretary Brett McBrayer - Chief Executive Officer David Anderson - President, Air & Liquid Systems Corporation Sam Lyon - President, Forged & Cast Engineered Products Mike McAuley - SVP & Chief Financial Officer Conference Call Participants David Wright - Henry Investment Trust Justin Bergner - Gabelli Funds John Bair - Ascend Wealth Advisors Operator Good day, and welcome to the Ampco-Pittsburgh Corporation Third Quarter 2024 Earnings Results Conference Call. [Operator Instructions].
Allied Properties is a leader in Canadian commercial office real estate and appears undervalued relative to its book value. Key risks include an elevated payout ratio, potential dividend cuts, high debt levels, and uncertainties around the return to office trend. Investors with high risk tolerance and a long-term horizon may find an appealing entry point, but caution is advised.