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Friday s analyst upgrades and downgrades - The Globe and Mail

Canadian office space operator takes C$500 mln writedown, shares slump

Shares of Canadian office space operator Allied Properties REIT slumped nearly 10% on Thursday after it disclosed a C$499 million writedown as offices remained sparsely staffed in.

Shares slump for office space operator Allied Properties after $500-million writedown

The Toronto-based firm’s shares were on track for their worst day in nearly four years and dragged down peer Dream Office Real Estate Investment Trust

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