TORONTO, ON — February 18, 2026 — Leads & Copy —
Allied Properties Real Estate Investment Trust (TSX:AP.UN) has completed its previously announced public offering and concurrent private placement of units, issuing a total of 56,000,000 units at $10.00 each, resulting in gross proceeds of $560,000,000.
The public offering was managed by a syndicate of underwriters including Scotiabank, CIBC Capital Markets, RBC Capital Markets, ATB Cormark Capital Markets, BMO Capital Markets and TD Securities Inc. The units were offered in Canada and qualified by a prospectus supplement dated February 12, 2026, to Allied’s short form base shelf prospectus dated December 16, 2025.
In addition to the public offering, Allied issued 16,000,000 units to Alberta Investment Management Corporation (AIMCo) through a private placement. These units are subject to resale restrictions under applicable securities legislation and were not qualified by a prospectus.
Allied intends to use the proceeds from the Public Offering and the Private Placement to repay amounts outstanding under its operating line of credit, which was used to repay Allied’s $600,000,000 aggregate principal amount of 1.726% series H senior unsecured debentures on February 12, 2026.
Allied is an owner-operator of urban workspace in Canada’s major cities. Its mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture.
This press release contains forward-looking statements regarding Allied, its intended use of proceeds, and its operations, strategy, financial performance and condition. These statements are subject to risks and uncertainties detailed in Allied’s Annual MD&A, as updated by quarterly reports available at www.sedarplus.ca. Actual results may differ materially from those expressed or implied in the forward-looking statements.
Source: Allied Properties Real Estate Investment Trust
