TSX/AP.UN (TSX/AP.UN)

Toronto Stock Exchange: TSX/AP.UN · CAD

CA$4.29

-1.04 (-19.5%)· Recorded snapshot

Market cap	839.8M
Revenue (ttm)	571.3M
Net income (ttm)	-1.9B
Shares out	195.8M
Dividend	CA$0.72 (16.78%)
Volume	9,636,127
Beta	1.10

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 571.3M
Net income (ttm): -1.9B
Market cap: 839.8M

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/En/a

P25 n/aP50 n/aP75 n/a

ROE-43.5

P25 n/aP50 n/aP75 n/a

ROIC0.2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TSX/AP.UN indicators

Market & fundamental data

Available fields

208

Groups with data

Currency

CAD

Showing 208 of 208 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	CAD
Country	Canada
Country code	CA
Earnings date	2026-10-28
Employees	317
Employees change	-35
Employees growth	-9.94%
Enterprise value	CAD 4.9B
Exchange	Toronto Stock Exchange
Financial currency	CAD
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	2002
Industry	REIT - Office
Is primary listing	Yes
ISIN number	CA0194561027
Last earnings date	2026-10-28
Last refreshed	2026-10-29
Market cap	CAD 839.8M
Next earnings date	2027-01-29
Price	CAD 4.29
Price currency	CAD
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-29
Symbol	tsx/AP.UN

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	11.14x
Earnings yield	-180.31%
EV/EBIT	168.04x
EV/EBITDA	69.43x
EV/FCF	32.45x
EV/Sales	8.87x
FCF / EV yield	3.08%
FCF yield	14.97%
P/(FCF - SBC) ratio	7.04x
P/(OCF - SBC) ratio	7.02x
P/B ratio	0.29x
P/FCF ratio	6.68x
P/OCF ratio	6.67x
P/S ratio	1.83x
Price / tangible book value	0.29x
Price/EBITDA ratio	14.3x
Sector forward P/E	14.25x
Sector P/E	45.96x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	5.28%
EBITDA margin	12.77%
FCF margin	27.33%
Gross margin	10.99%
Operating margin	5.28%
Pretax margin	-329.3%
Profit per employee	CAD -5.9M
Revenue per employee	CAD 1.8M
ROA	0.2%
ROA (5Y)	1.39%
ROCE	0.44%
ROE	-43.45%
ROE (5Y)	-6.79%
ROIC	0.22%
SBC / revenue	1.39%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth years	0
Net income growth years	0
OCF growth	-23.03%
OCF growth (Q)	-95.73%
OCF growth (QoQ)	-87.21%
OCF growth 10Y	-0.24%
OCF growth 3Y	-17.82%
OCF growth 5Y	-6.53%
Revenue growth	-4.69%
Revenue growth (Q)	-6.64%
Revenue growth (QoQ)	-1.7%
Revenue growth 10Y	4.18%
Revenue growth 3Y	1.08%
Revenue growth 5Y	0.1%
Revenue growth years	4

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	CAD -350,000
Depreciation and amortization	CAD 1.9M
EBIT	CAD 30.2M
EBITDA	CAD 73M
FCF per share	CAD 0.80
Financing cash flow	CAD -222.4M
Free cash flow	CAD 156.2M
Free cash flow minus SBC	CAD 148.2M
Funds from operations (FFO)	CAD 265M
Gross profit	CAD 62.8M
Investing cash flow	CAD 77.9M
Net cash flow	CAD 12.1M
Net income	CAD -1.9B
Operating cash flow minus SBC	CAD 148.6M
Operating income	CAD 30.2M
Revenue	CAD 571.3M
Stock-based compensation	CAD 7.9M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Debt / EBITDA	56.17
Debt / equity	1.14
Debt / FCF	26.25
Interest coverage	0.19
Net cash (debt)	CAD -4B
Net cash / market cap	-385.59%
Net debt / EBITDA	55.14
Net debt / equity	1.12
Net debt / FCF	25.76
Piotroski F-Score	5
Property, plant and equipment	CAD 7B
Shareholders' equity	CAD 3.6B
Tangible book value	CAD 3.6B
Total assets	CAD 8.2B
Total cash	CAD 75.3M
Total debt	CAD 4.1B
Total liabilities	CAD 4.6B
WACC	4.54%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.06
Current ratio	0.82
Inventory turnover	3.5
Net working capital	CAD 491.7M
Quick ratio	0.12
Working capital	CAD -224.4M

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Dividend growth	-55%
Dividend growth (10Y)	-5.95%
Dividend growth (3Y)	-23.25%
Dividend growth (5Y)	-13.7%
Dividend growth years	0
Dividend payment date	2026-11-16
Dividend payment years	24
Dividend payout frequency	Monthly
Dividend per share	CAD 0.72
Dividend yield	16.78%
Ex-dividend date	2026-10-30
FCF payout ratio	90.26%
Last dividend	CAD 0.06
Shareholder yield	13.51%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-88.39%
10Y return CAGR	-14.22%
10Y total return	-78.44%
150-day SMA	CAD 9.06
15Y price change	-82.38%
15Y return CAGR	-5.85%
15Y total return	-59.53%
1D price change	-19.51%
1M price change	-42.45%
1M total return	-41.98%
1W price change	-22.81%
1W total return	-22.81%
1Y price change	-77.5%
1Y return CAGR	-75.6%
1Y total return	-75.58%
20-day SMA	CAD 5.79
200-day SMA	CAD 9.62
20Y price change	-78.14%
20Y return CAGR	-1.7%
20Y total return	-29.01%
3M price change	-60.65%
3M total return	-59.82%
3Y price change	-73.3%
3Y return CAGR	-28.56%
3Y total return	-63.54%
50-day SMA	CAD 7.26
50-day SMA vs 200-day SMA	50under200
52-week high	CAD 18.85
52-week high date	2025-10-29
52-week low	CAD 3.62
52-week low date	2026-10-29
5Y price change	-90.19%
5Y return CAGR	-31.51%
5Y total return	-84.93%
6M price change	-59.37%
6M total return	-57.76%
All-time high	CAD 60.14
All-time high date	2020-02-21
All-time low	CAD 3.62
All-time low date	2026-10-29
Average true range (ATR)	CAD 0.36
Average volume	2M
Beta (5Y)	1.11
Change from 52-week high	-77.24%
Change from 52-week low	18.51%
Change from all-time high	-92.97%
Change from all-time low	16.85%
Change from open	7.25%
Day's gap	-24.95%
Dollar volume	CAD 41.3M
High price	CAD 4.55
Low price	CAD 3.62
Monthly RSI	24.1
Open price	CAD 4.00
Position in 52-week range	72.04%
Previous close	CAD 5.33
Price vs 150-day SMA	-53.31%
Price vs 20-day SMA	-26.89%
Price vs 200-day SMA	-56.01%
Price vs 50-day SMA	-41.75%
Relative volume	4.84
RSI	16.76
Sharpe ratio	-2.68
Sharpe ratio (3Y)	-0.77
Sharpe ratio (5Y)	-1.09
Sortino ratio	-2.77
Sortino ratio (3Y)	-0.79
Sortino ratio (5Y)	-1.17
Volume	9.6M
Weekly RSI	12.43
YTD price change	-68.36%
YTD total return	-66.54%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	183.3M
Shares held by insiders	0.24%
Shares held by institutions	44.39%
Shares outstanding	195.8M
Short % of float	4.69%
Short % of shares	4.62%

Deeper analysis on TSX/AP.UN

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this TSX/AP.UN report

Is a complete TSX/AP.UN research report available?

No complete published report is available for tsx/AP.UN (TSX/AP.UN) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

TSX/AP.UN (TSX/AP.UN)

Price

Financial snapshot

Fair-value bridge

Latest news · TSX/AP.UN

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TSX/AP.UN indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TSX/AP.UN

Frequently asked questions