Allied Announces Renewal Of Normal Course Issuer Bid

Executive Summary

• Allied Properties REIT received TSX approval to repurchase up to 18,215,302 Units (≈10% of its public float).
• The NCIB will commence on February 26 2026 and run until February 25 2027 (or earlier if completed).
• Purchases will be made on the open market with daily limits of 213,464 Units; repurchased Units may be cancelled or allocated to employee plans.

Key Details

• Approval Scope: Up to 18,215,302 Units out of 183,955,983 issued and outstanding as of February 18 2026 (≈10% of public float).
• Purpose: Satisfy Allied’s commitments under its restricted unit plan and other employee programs; excess units may be cancelled.
• Commencement & Expiry: NCIB starts February 26 2026; expires February 25 2027 or earlier upon completion of purchases.
• Trading Mechanics: Purchases executed via TSX and/or alternate Canadian trading systems at prevailing market prices.
• Daily Purchase Limit: Maximum 213,464 Units per day (≈25% of average daily volume of 853,859 Units for the six months ended Jan 31 2026).
• Previous NCIB Activity: Under the prior NCIB (started Feb 26 2025), Allied was approved to buy up to 12,615,599 Units and repurchased 1,062 Units at a weighted‑average price of $16.86 per Unit.
• Employee Allocation: Repurchased Units will either be cancelled or delivered to participants under the restricted unit plan or other employee programs.
• Broker Pre‑Defined Plans: Allied may enter pre‑defined broker arrangements for repurchases during blackout periods, provided no material non‑public information is possessed.

Notable Quotes

(No direct quotes were included in the release.)