Killam Apartment REIT

Killam Apartment REIT

KMMPF
Killam Apartment REITUS flagOther OTC
13.16
USD
- -
- -
1.61BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.65
2.69
2.65
2.58
2.33
2.51
2.47
2.54
2.63
2.82
2.94
3.05
3.16
3.12
Basic EPS, GAAP
0.73
0.54
0.55
1
1.3
2.04
2.9
1.41
2.58
1.05
2.25
5.58
0.24
4.67
Free Cash Flow per Basic Share
0.72
0.93
0.81
0.94
1.03
1.04
0.97
1.2
1.27
1.05
1.18
1.34
1.2
1.3
Dividend per Share
0.52
0.55
0.48
0.46
0.46
0.48
0.46
0.48
0.47
0.48
0.48
0.51
0.52
0.51
Book Value per Share
10.76
11.55
10.53
11.05
12
13.57
16.36
17.12
19.09
19.46
20.98
25.83
25.22
26.68
Tangible Book Value per Share
11.16
11.96
10.9
11.06
12.01
13.58
16.37
17.13
19.1
19.46
20.99
25.83
25.22
26.68
Basic Weighted Avg Shares
54
55
63
68
81
86
98
103
111
117
118
120
121
120
Sales/Revenue/Turnover
144
149
167
175
187
216
242
262
291
329
348
365
383
375
Operating Margin (%)
52.12
50.73
51.43
52.38
54.16
55.87
56.46
57.05
57.29
57.53
58.62
60.09
60.53
60.28
Depreciation Expense
2
2
3
2
1
1
1
1
1
1
1
1
1
1
Net Income, GAAP
40
30
35
68
105
175
284
146
286
123
266
668
29
561
Effective Tax Rate (%)
20.88
26.9
14.79
- -
15.12
15.23
12.54
6.16
12.93
13.31
11.07
- -
- -
15.23
Profit Margin (%)
27.68
20.01
20.74
38.79
55.89
81.1
117.08
55.8
98.14
37.26
76.5
183.15
7.67
149.64
Working Capital
-151
-145
-160
-119
-191
-371
-296
-282
-426
-590
-530
-544
-521
-475
LT Debt
642
827
884
932
952
1,060
1,171
1,440
1,688
1,649
1,747
1,769
1,876
1,807
Total Equity
604
663
685
750
968
1,169
1,602
1,768
2,111
2,273
2,483
3,090
3,064
3,204
Return on Invested Capital (%)
4.31
3.61
4.34
- -
4.41
4.38
4.23
4.29
3.8
3.79
3.97
- -
4.35
2.96
Return on Capital (%)
4.9
3.46
3.9
- -
6.82
8.88
11.4
5.77
8.57
3.99
7.1
- -
2.04
29.48
Return on Common Equity (%)
6.92
4.87
5.31
9.63
12.2
16.41
20.48
8.67
14.73
5.59
11.2
23.97
0.96
19.03

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
436
449
400
LT Borrowings
1,758
1,760
1,796
LT Finance Leases
12
11
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
120
120
121
Market Capitalization
2,011
2,116
2,323

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
31
57
56
Cash, Cash Equivalents & STI
13
12
11
Accounts Receivable, Net
1
7
8
Inventories
- -
1
1
Total Current Liabilities
575
588
531
Payables & Accruals
72
71
66
ST Debt
436
449
400
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.66%
11.98%
-0.85%
Free Cash Flow
11.99%
4.14%
-8.87%
Net Income, GAAP
44.24%
42.2%
-95.6%
Sales/Revenue/Turnover
8.75%
7.99%
5.14%
Total Cash Common Dividend
7.67%
4.95%
4.33%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
88
91
94
93
365
2025
93
96
96
- -
383
2026
97
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.07
0.96
0.53
- -
5.58
2025
0.85
0.27
- -
- -
0.24
2026
0.41
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.13
0.13
- -
0.51
2025
0.13
0.13
- -
- -
0.52
2026
0.14
- -
- -
- -
- -

Company Description

APIChat
CEO
Philip D. Fraser
Full Time Employees
750
Sector
Real Estate
Industry
REIT - Residential
Address
3700 Kempt Road Halifax NS Canada B3K 4X8
IPO Date
Mar 19, 2013
Business
Killam Apartment REIT (TSX: KMP.UN), based in Halifax, Nova Scotia, and founded in 2000, stands as one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $5.6 billion portfolio primarily comprising multi-residential apartment buildings, manufactured home communities and commercial properties across Atlantic Canada, Ontario, Alberta and British Columbia. The trust's core offerings encompass apartment segment operations focused on multi-family residential properties; manufactured home community (MHC) segment activities involving site acquisitions and management in Ontario and Eastern Canada; and commercial segment services including leasing of retail and office spaces; with strategic emphasis on increasing earnings from existing assets, expanding through accretive acquisitions of newer properties, disposing non-core holdings and developing high-quality apartments in core markets. In recent developments, Killam completed substantial construction of The Carrick, a 139-unit apartment in Waterloo, Ontario, reaching 80% leasing by Q3 2025 with full stabilization expected in early 2026; advanced two ongoing projects—Brightwood (128 units) in Waterloo and Eventide (55 units) in Halifax—both slated for 2026 completion; executed capital recycling by disposing $147.6 million in non-core properties including 12 apartments in Prince Edward Island and one in Saint John, New Brunswick, while acquiring $168.8 million in assets such as 114 units in Fredericton, New Brunswick, and full ownership of 604 apartment units plus commercial space in Ottawa, Ontario; and achieved same-property NOI growth of 5.5% in Q3 2025 alongside improved GRESB ESG score of 82.

Company News

APIChat
  • Killam Apartment REIT (KMP.UN:CA) Shareholder/Analyst Call Transcript

  • Killam Apartment REIT (OTCMKTS:KMMPF) Given Consensus Recommendation of “Buy” by Brokerages

  • Killam Apartment REIT: East Coast Canadian Apartments On Sale

  • Killam Apartment REIT (KMP.UN:CA) Q4 2025 Earnings Call Transcript

  • Killam Apartment REIT (OTCMKTS:KMMPF) Given Consensus Rating of “Buy” by Analysts

  • Killam Apartment REIT (KMP.UN:CA) Q3 2025 Earnings Call Transcript

  • Killam Apartment REIT: Upgrading To 'Strong Buy' On Earnings Increase Anticipation

  • Killam Apartment REIT: Double-Digit Lease Spreads Make It A Buy

  • Killam Apartment REIT (KMMPF) Q2 2025 Earnings Call Transcript

  • Killam Apartment REIT: Bargains Galore In Apartment Landlords

  • Killam Apartment REIT (KMMPF) Q1 2025 Earnings Call Transcript

  • Killam Apartment REIT (KMMPF) Q4 2024 Earnings Call Transcript

  • Killam REIT: Quality Apartment Play At A Good Discount

  • Killam Apartment REIT (KMMPF) Q3 2024 Earnings Call Transcript

  • Killam Apartment REIT: Impressive Performance

  • Killam Apartment REIT (KMMPF) Q2 2024 Earnings Call Transcript

  • Killam Apartment REIT (KMMPF) Q1 2024 Earnings Call Transcript

  • Killam Apartment REIT (KMMPF) Q4 2023 Earnings Call Transcript

  • Killam Apartment REIT (KMMPF) Q3 2023 Earnings Call Transcript

  • Killam Apartment: Quality REIT Trading At A Slight Discount