APYRF (Allied Properties Real Estate Investment Trust) Scaled Net Operating Assets: 0.92 (As of Mar. 2026)


APYRF Allied Properties Real Estate Investment Trust APYRF
56 GF Score
Price $7.06
GF Value $10.65
Valuation Possible Value Trap
! 9 Warning Signs
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What is Allied Properties Real Estate Investment Trust Scaled Net Operating Assets?

Allied Properties Real Estate Investment Trust APYRF +0.87% 56 Scaled Net Operating Assets is 0.92 as of Mar. 2026. GuruFocus rates APYRF with a GF Score™ of 56/100 and a GF Value™ of $10.65 (Possible Value Trap). The stock has 9 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Allied Properties Real Estate Investment Trust's operating assets for the quarter that ended in Mar. 2026 was $6,561.5 Mil. Allied Properties Real Estate Investment Trust's operating liabilities for the quarter that ended in Mar. 2026 was $361.6 Mil. Allied Properties Real Estate Investment Trust's Total Assets for the quarter that ended in Dec. 2025 was $6,710.7 Mil. Therefore, Allied Properties Real Estate Investment Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.92.


Allied Properties Real Estate Investment Trust Scaled Net Operating Assets Historical Data

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The historical data trend for Allied Properties Real Estate Investment Trust's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Allied Properties Real Estate Investment Trust Scaled Net Operating Assets Chart

Allied Properties Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.03 0.82 0.88 0.84

Allied Properties Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 0.98 0.92 0.83 0.92

APYRF vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison

For the REIT - Office subindustry, Allied Properties Real Estate Investment Trust's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Allied Properties Real Estate Investment Trust Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Allied Properties Real Estate Investment Trust's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Allied Properties Real Estate Investment Trust's Scaled Net Operating Assets falls into.


APYRF
56GF Score
Allied Properties Real Estate Investment Trust APYRF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Allied Properties Real Estate Investment Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Allied Properties Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(6640.663-388.078)/7442.956
=0.84

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6710.695 - 70.032
=6640.663

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3799.349 - 2884.257 - 527.014
=388.078

Allied Properties Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(6561.518-361.603)/6710.695
=0.92

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6573.503 - 11.985
=6561.518

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3384.78 - 2883.267 - 139.91
=361.603

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.92 mean?
Allied Properties Real Estate Investment Trust (APYRF) has a Scaled Net Operating Assets of 0.92 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Allied Properties Real Estate Investment Trust and its competitors.
Is Allied Properties Real Estate Investment Trust's Scaled Net Operating Assets too high?
Allied Properties Real Estate Investment Trust's current Scaled Net Operating Assets is 0.92. Overall, Allied Properties Real Estate Investment Trust has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Allied Properties Real Estate Investment Trust's Scaled Net Operating Assets compare to BXP and ARE?
Allied Properties Real Estate Investment Trust's Scaled Net Operating Assets of 0.92 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Allied Properties Real Estate Investment Trust and its competitors. Allied Properties Real Estate Investment Trust's current Scaled Net Operating Assets is 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allied Properties Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Allied Properties Real Estate Investment Trust (APYRF) is currently considered Possible Value Trap. The stock's GF Value™ is $10.65, compared to a current price of $7.06 — trading 33.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.92. Allied Properties Real Estate Investment Trust's overall GF Score™ is 56/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Allied Properties Real Estate Investment Trust (APYRF), the current Scaled Net Operating Assets is 0.92 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Allied Properties Real Estate Investment Trust (APYRF) Overvalued in 2026?

Based on GuruFocus' analysis, Allied Properties Real Estate Investment Trust stock appears to be undervalued. The current stock price of $7.06 is trading 33.7% below its estimated GF Value™ of $10.65. GuruFocus considers Allied Properties Real Estate Investment Trust to be Possible Value Trap.

Key valuation signals for APYRF:

  • Scaled Net Operating Assets: 0.92
  • GF Value™: $10.65 vs. price of $7.06 (33.7% below fair value)
  • GF Score™: 56/100 with 9 warning signs

No single metric tells the full story. See the APYRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Allied Properties Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges 5G8:GermanyAP.UN:Canada
Address 134 Peter Street, Suite 1700, Toronto, ON, CAN, M5V 2H2
Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of urban office environments across Canadian cities. Maximum of the total square footage in the company's real estate portfolio is located in Toronto, Calgary, Vancouver and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada. Allied Properties' maximum tenants include IT, banking, government, marketing, and telecommunications firms. The company also controls a number of telecommunications / IT and retail properties within its real estate portfolio.
56GF Score

Get the complete analysis for APYRF

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.06
Price
$10.65
GF Value