AP.UN Allied Properties Real Estate Investment Trust

Allied Properties REIT (“Allied”)(TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of January 2024, representing $1.80 per unit on an annualized basis. The distribution will be payable on February 15, 2024, to unitholders of record as at January 31, 2024.

About Allied

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s 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 that elevates and inspires the humanity in all people.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Cecilia C. Williams, President and Chief Executive Officer(416) 977-9002cwilliams@alliedreit.com

Nanthini Mahalingam, Senior Vice President and Chief Financial Officer(416) 977-9002nmahalingam@alliedreit.com