The Globe and Mail reports in its Tuesday, Dec. 2, edition that Allied Properties REIT cut its monthly distribution by 60 per cent to prioritize debt repayment, a significant shift after earlier assuring investors in August that it was "very comfortable" with the payout. The Globe's Tim Kiladze writes that Allied is cutting its distribution to six cents a unit monthly, down from 15 cents. Management said Monday the decision was made "with a view to reducing indebtedness and associated interest expense going forward." The cut begins in December and will last throughout 2026 -- but no guarantee was given that a higher payout will be restored in 2027. Allied has been asked about its monthly distribution for months because the REIT continues to struggle with a heavy debt burden, and office leasing activity has remained muted relative to levels prior to the pandemic. Each year, its monthly payouts totalled around $250-million. In late October, Allied expressed concerns about its monthly payout, causing its units to tumble 17 per cent in a day. By late November, the units fell further to around $12.60, the same level seen during the global financial crisis in late 2008 and early 2009.