Allied Properties and Primaris report quarterly results on October 28 with diverging revenue forecasts

what happened

Allied Properties Real Estate Investment Trust will publish results for the period ended September 30, 2026, on October 28. Based on LSEG data, the mean estimate of three analysts points to an 8.1% drop in revenue, to C$135.968 million from C$147.93 million a year earlier. The average earnings forecast is 22 cents per share, unchanged over the past three months.

Primaris Real Estate Investment Trust reports in the same window for the same period. A single analyst's estimate, also from LSEG, points to an 8.8% revenue rise, to C$173.149 million from C$159.19 million. Expected earnings are 47 cents per share, and that forecast has also held steady for three months.

Analyst ratings differ sharply. Allied's consensus is 'hold', with eight of nine recommendations at that level and one 'sell' or 'strong sell'. Primaris is rated 'buy', with nine 'strong buy' or 'buy' ratings and one 'hold'. The median 12-month target for Allied is C$9.50, about 69.3% above its last close of C$5.61. For Primaris, the median target is C$25.75, 16% above its last close of C$22.20.

why it matters

These are routine earnings previews for two Canadian REITs, so the direct market impact is limited to investors in these names and in Canadian commercial real estate. Because the earnings estimates have not moved in three months, the share reaction will likely depend on the reported figures and management commentary.

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