Allied Announces Pricing and Upsizing of Previously Announced Marketed Public Offering of Units and Concurrent Private Placement

About this update from Allied Properties Real Estate Investment Trust

[{"type":"text","content":"Allied Announces Pricing and Upsizing of Previously Announced Marketed Public Offering of Units 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, will be accessible, within two business days, through SEDAR+ TORONTO, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (TSX:AP.UN) (“Allied”) announced today that it has priced and upsized its previously announced marketed public offering (the “Offering”) and concurrent private placement (the “Private Placement”). The Offering now comprises an aggregate of 40,000,000 units of Allied (the “Units”) at a price of $10.00 per Unit (the “Offering Price”) for aggregate gross proceeds of $400,000,000, representing an increase from the initial offering size of approximately $350,000,000. In connection with the Private Placement, Allied has also entered into a subscription agreement with the Alberta Investment Management Corporation (AIMCo), on behalf of its clients, for 16,000,000 Units at the Offering Price. Aggregate gross proceeds from the Offering and Private Placement are expected to be approximately $560,000,000. The Offering is being conducted by a syndicate of underwriters led by Scotiabank, CIBC Capital Markets (“CIBC”), and RBC Dominion Securities Inc. (“RBC” and, together with Scotiabank, and CIBC, the “Lead Underwriters”), and including ATB Cormark Capital Markets, BMO Capital Markets and TD Securities Inc. (collectively, the “Underwriters”) pursuant to the terms and conditions of an underwriting agreement to be entered into between the Underwriters and Allied. Allied has granted the Underwriters a 30-day option to purchase up to an additional 15% of the number of Units offered in the Offering. Scotiabank, CIBC and RBC are acting as placement agents in connection with the Private Placement. The Offering and the Private Placement are contingent on the completion of the other, and are expected to close concurrently on or about February 18, 2026. Completion of the Offering and the Private Placement remain subject to customary closing conditions,...

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