Allied Announces Closing of $560 Million Marketed Public Offering and Concurrent Private Placement

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[{"type":"text","content":"Allied Announces Closing of $560 Million Marketed Public Offering and Concurrent Private Placement\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Allied’s base shelf prospectus and the shelf prospectus supplement for the public offering are accessible through SEDAR+ TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that it has closed its previously announced marketed public offering (the “Public Offering”) and concurrent private placement (the “Private Placement”) of units of Allied (the “Units). Under the Public Offering and the Private Placement, Allied issued an aggregate of 56,000,000 Units at a price of $10.00 (the “Offering Price”) for gross proceeds of $560,000,000. The Public Offering was conducted by a syndicate of underwriters led by Scotiabank, CIBC Capital Markets and RBC Capital Markets and included ATB Cormark Capital Markets, BMO Capital Markets and TD Securities Inc. (collectively, the “Underwriters”). The Units issued under the Public Offering were offered in each of the provinces and territories in Canada, and were qualified by a prospectus supplement dated February 12, 2026 to Allied’s short form base shelf prospectus dated December 16, 2025. Pursuant to the Private Placement, Allied issued an aggregate of 16,000,000 Units to Alberta Investment Management Corporation (AIMCo), on behalf of its clients. The Units issued under the Private Placement were not qualified by a prospectus and are subject to the statutory resale restrictions under applicable securities legislation. The Units have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Units in the United States or in any jurisdiction in which such offer, sale or solicitation would be unlawful. Allied intends to use the net proceeds of the Public Offering and the Private Placement to repay amounts outstanding under its operatin...

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