Killam Apartment Real Estate Investment Trust

KMP-UN · TO · Real Estate / REIT - Residential

17.12CAD+0.09 (+0.53%)

Price History

Full chart

Market Stats

Previous Close17.03

Open17.09

Day Range17.08 – 17.42

52-Week Range15.28 – 19.02

Volume348.17K

Market Cap2.12B

P/E (TTM)247.14

Forward P/E13.76

EPS0.07

Dividend Yield4.16%

Beta0.93

50-Day Avg18.03

200-Day Avg17.60

About

Killam Apartment Real Estate Investment Trust (Killam, or the Trust) is an unincorporated open-ended mutual fund trust created pursuant to the amended and restated Declaration of Trust (DOT), under the laws of the Province of Ontario. Killam specializes in the acquisition, management and development of multi-residential apartment buildings, manufactured home communities (MHCs) and commercial properties in Canada. The condensed consolidated interim financial statements comprise the financial statements of Killam and its subsidiaries as at and for the three and six months ended June 30, 2026. Killam's head office operations are located at 3700 Kempt Road, Halifax, Nova Scotia, B3K 4X8. Killam Apartment REIT was incorporated in 2000 in Ontario, Canada.

Company Details

SectorReal Estate
IndustryREIT - Residential
CEOMr. Philip D. Fraser B.Comm, MBA, MURP
Employees0
Headquarters3700 Kempt Road, Halifax, NS, Canada, B3K 4X8, Canada
Websitehttps://www.killamreit.com

Leadership

Mr. Philip D. Fraser B.Comm, MBA, MURPPresident, CEO & Executive Trustee · b. 1962
Ms. Dale Noseworthy C.A., C.F.A., CPAChief Financial Officer
Mr. Robert G. Richardson B.Comm., F.C.A., FCPAExecutive VP & Trustee · b. 1962
Ms. Ruth Buckle-McIntoshSenior Vice President of Property Management
Mr. Michael McLeanSenior Vice President of Development
Claire Hawksworth CPASenior Manager of Investor Relations
Nick HarrisSenior Director of Human Resources
Ms. Erin Cleveland C.A., CPASenior Vice President of Finance
Ms. Colleen McCarvilleSenior Vice President of Corporate Services
Joe MacDougallManager of Acquisitions

Financials

Income Statement

Currency: CAD	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: CAD	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	1	-	1.46M	5.18M	19.14M	47.76M	70.85M	87.86M	104.73M	107.54M	116.37M	126.68M	135.83M	143.54M	149.64M	168.11M	176.50M	188.22M	216.92M	243.20M	262.33M	291.98M	330.64M	349.96M	367.04M	383.11M
Growth (%)	-	-	-	+254.39%	+269.76%	+149.59%	+48.32%	+24.02%	+19.19%	+2.68%	+8.21%	+8.86%	+7.22%	+5.68%	+4.24%	+12.35%	+4.99%	+6.64%	+15.25%	+12.11%	+7.87%	+11.30%	+13.24%	+5.84%	+4.88%	+4.38%
Cost of Revenue	-	-	574.98K	2.10M	8.10M	20.19M	28.86M	37.41M	47.10M	44.27M	46.39M	49.74M	53.20M	58.07M	62.91M	68.22M	69.84M	72.16M	80.25M	89.83M	97.84M	107.68M	121.94M	124.11M	124.17M	130.61M
Gross Profit	1	-	885.41K	3.07M	11.03M	27.57M	41.99M	50.45M	57.63M	63.26M	69.97M	76.94M	82.63M	85.47M	86.73M	99.89M	106.65M	116.07M	136.68M	153.37M	164.50M	184.29M	208.71M	225.85M	242.87M	252.50M
Gross Margin	100.00%	-	60.63%	59.37%	57.66%	57.73%	59.27%	57.42%	55.03%	58.83%	60.13%	60.74%	60.84%	59.54%	57.96%	59.42%	60.43%	61.66%	63.01%	63.06%	62.71%	63.12%	63.12%	64.54%	66.17%	65.91%
Operating Expense	14.07K	-	305.33K	3.10M	5.41M	12.89M	23.19M	31.69M	35.36M	35.24M	38.16M	9.38M	9.37M	7.88M	8.53M	10.24M	12.01M	13.26M	14.75M	16.47M	13.88M	17.86M	14.92M	19.63M	19.35M	17.70M
Operating Income	-14.07K	-61.77K	580.08K	-23.58K	5.62M	14.68M	18.80M	18.77M	22.27M	28.03M	31.82M	67.56M	73.26M	77.59M	78.20M	89.64M	94.64M	102.81M	121.92M	136.90M	150.62M	166.44M	193.79M	206.22M	223.51M	234.80M
Operating Margin	-1407000.00%	-	39.72%	-0.46%	29.37%	30.74%	26.54%	21.36%	21.26%	26.06%	27.34%	53.33%	53.94%	54.06%	52.26%	53.32%	53.62%	54.62%	56.21%	56.29%	57.42%	57.00%	58.61%	58.93%	60.90%	61.29%
EBITDA	-13.74K	-58.59K	652.66K	631.22K	9.47M	25.09M	36.71M	44.43M	50.98M	56.86M	62.86M	34.38M	73.80M	77.53M	78.14M	89.64M	94.64M	102.81M	121.92M	136.90M	150.62M	166.44M	193.79M	206.22M	223.51M	114.88M
EBITDA Margin	-1374300.00%	-	44.69%	12.20%	49.51%	52.54%	51.82%	50.57%	48.68%	52.87%	54.02%	27.14%	54.33%	54.01%	52.22%	53.32%	53.62%	54.62%	56.21%	56.29%	57.42%	57.00%	58.61%	58.93%	60.90%	29.99%
Net Income	-8.13K	-46.30K	83.44K	-96.38K	234.13K	4.85K	-3.76M	-5.41M	-5.01M	-1.84M	-130.00K	65.97M	51.73M	39.78M	29.77M	34.56M	67.98M	104.73M	175.14M	283.54M	146.02M	285.51M	122.52M	266.32M	667.84M	29.41M
Net Income Margin	-813300.00%	-	5.71%	-1.86%	1.22%	0.01%	-5.30%	-6.15%	-4.78%	-1.71%	-0.11%	52.07%	38.08%	27.71%	19.90%	20.56%	38.52%	55.64%	80.74%	116.59%	55.66%	97.79%	37.05%	76.10%	181.96%	7.68%
R&D	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25	0.66	0.95	1.31	0.59	1.12	0.43	0.87	-	-
R&D as % of Total Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	-	-	-	-	-	-	-	-	30.00M	30.70M	31.61M	34.89M	34.86M	35.69M	35.10M	37.55M	36.85M	33.64M	38.03M	43.98M	45.22M	47.84M	57.57M	65.47M	75.57M	84.45M
Interest Expense % of Total Revenue	-	-	-	-	-	-	-	-	28.64%	28.55%	27.16%	27.54%	25.67%	24.86%	23.45%	22.34%	20.88%	17.87%	17.53%	18.08%	17.24%	16.38%	17.41%	18.71%	20.59%	22.04%

Balance Sheet

Currency: CAD	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: CAD	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	611.23K	553.93K	20.14M	76.19M	242.85M	469.52M	588.37M	723.68M	738.67M	739.37M	849.57M	1.33B	1.44B	1.53B	1.78B	1.88B	1.99B	2.31B	2.82B	3.38B	3.78B	4.58B	4.86B	5.09B	5.44B	5.51B
Total Liabilities	23.18K	12.19K	11.61M	45.57M	164.87M	374.67M	480.72M	529.80M	565.48M	562.17M	641.22M	816.99M	854.69M	928.37M	1.11B	1.19B	1.24B	1.34B	1.66B	1.78B	2.01B	2.47B	2.59B	2.60B	2.35B	2.44B
Total Equity	588.05K	541.74K	8.53M	30.62M	77.97M	94.84M	107.65M	193.88M	173.19M	177.20M	208.35M	501.00M	575.34M	590.72M	647.83M	669.67M	750.35M	967.58M	1.17B	1.60B	1.77B	2.11B	2.27B	2.48B	3.09B	3.06B
Cash	37.34K	238.90K	4.10M	13.18M	4.17M	4.89M	3.03M	14.63M	4.33M	10.96M	16.11M	43.35M	56.73M	27.68M	18.85M	14.30M	24.65M	12.00M	3.79M	12.80M	2.56M	6.48M	9.15M	14.09M	13.21M	9.88M
Total Debt	-	-	11.30M	44.40M	159.90M	302.82M	468.63M	516.85M	553.66M	550.45M	626.75M	669.08M	746.75M	810.32M	974.63M	1.04B	1.06B	1.13B	1.41B	1.47B	1.69B	2.06B	2.21B	2.19B	2.21B	2.32B
Net Debt	-37.34K	-238.90K	7.20M	31.22M	155.73M	297.94M	465.60M	502.22M	549.33M	539.49M	610.65M	625.73M	690.02M	782.65M	955.79M	1.03B	1.04B	1.12B	1.40B	1.46B	1.69B	2.06B	2.20B	2.17B	2.19B	2.31B

Cash Flow

Currency: CAD	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: CAD	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	12.13K	-347.62K	406.83K	1.21M	5.93M	14.92M	10.28M	18.41M	22.36M	26.23M	33.28M	39.29M	46.03M	39.08M	51.52M	50.95M	64.01M	82.92M	89.74M	95.21M	123.51M	140.86M	125.33M	139.73M	160.14M	145.94M
Investing Cash Flow	-2.18K	549.18K	-13.85M	-45.22M	-132.01M	-185.65M	-116.74M	-123.16M	-37.53M	-19.30M	-97.86M	-105.67M	-76.53M	-117.37M	-202.96M	-78.47M	-105.67M	-249.33M	-336.18M	-233.72M	-357.90M	-497.22M	-277.11M	-70.05M	-124.95M	-145.67M
Financing Cash Flow	596.18K	-	17.31M	53.09M	117.06M	169.94M	108.28M	116.36M	4.86M	-300.00K	69.72M	92.81M	43.88M	49.24M	142.60M	21.95M	52.36M	154.46M	237.66M	146.71M	224.40M	354.87M	154.38M	-64.88M	-36.84M	-3.61M
Capital Expenditure	2.18K	19.61K	13.85M	45.22M	132.01M	184.14M	118.66M	121.92M	36.41M	17.82M	98.86M	93.20M	23.23M	22.61M	33.64M	32.78M	33.46M	31.17M	47.81M	73.42M	69.65M	76.81M	93.92M	98.39M	93.91M	79.61M
Free Cash Flow	9.95K	-367.23K	-13.44M	-44.01M	-126.08M	-169.22M	-108.38M	-103.51M	-14.04M	8.40M	-65.57M	-53.91M	22.79M	16.47M	17.89M	18.17M	30.55M	51.74M	41.92M	21.79M	53.86M	64.05M	31.41M	41.35M	66.23M	66.33M
Dividends Paid	-	-	-	-	-	-	-	12.98M	16.56M	19.20M	23.20M	23.14M	24.73M	28.09M	30.59M	30.41M	31.52M	36.71M	41.62M	45.04M	49.63M	51.45M	59.09M	57.20M	60.49M	63.11M
FCF to OCF	82.05%	105.64%	-3304.21%	-3650.05%	-2125.35%	-1134.53%	-1054.48%	-562.18%	-62.80%	32.04%	-197.01%	-137.21%	49.52%	42.14%	34.71%	35.66%	47.73%	62.41%	46.72%	22.89%	43.61%	45.47%	25.06%	29.59%	41.36%	45.45%
Dividend Paid to FCF	-	-	-	-	-	-	-	-12.54%	-117.92%	228.53%	-35.38%	-42.91%	108.48%	170.58%	171.05%	167.39%	103.16%	70.95%	99.27%	206.71%	92.15%	80.34%	188.13%	138.33%	91.33%	95.14%

Earnings

Report Date	Nov 3, 2004	Mar 9, 2005	Aug 8, 2006	Nov 8, 2006	Mar 7, 2007	May 8, 2007	Mar 4, 2008	Mar 3, 2009	May 5, 2009	Aug 5, 2009	Nov 3, 2009	Mar 2, 2010	May 4, 2010	Aug 4, 2010	Nov 2, 2010	Mar 1, 2011	May 10, 2011	Aug 3, 2011	Nov 8, 2011	Mar 6, 2012	May 8, 2012	Aug 8, 2012	Nov 6, 2012	Mar 5, 2013	May 7, 2013	Aug 7, 2013	Nov 5, 2013	May 6, 2014	Feb 16, 2016	Aug 3, 2016	Nov 4, 2026
EPS Estimate	-	0.04	0.04	0.08	-0.08	-0.04	-0.04	0.03	-0.01	-0.03	0.01	0.11	0.14	0.11	0.03	0.08	0.16	0.37	0.37	0.32	0.35	0.37	0.38	0.34	0.32	0.35	0.38	0.19	0.39	0.22	-
EPS Actual	0.01	0.01	0.00	-0.03	-0.08	-0.08	-0.07	-0.05	-0.06	-0.01	0.02	0.00	-0.01	0.03	0.03	-0.03	0.34	0.40	0.44	0.27	0.20	0.34	0.25	0.20	0.17	0.43	0.21	0.09	0.12	0.23	-
Surprise	-	-75.00%	-100.00%	-137.50%	0.00%	-100.00%	-75.00%	-266.67%	-500.00%	66.67%	100.00%	-100.00%	-107.14%	-72.73%	0.00%	-137.50%	112.50%	8.11%	18.92%	-15.63%	-42.86%	-8.11%	-34.21%	-41.18%	-46.88%	22.86%	-44.74%	-52.63%	-69.23%	4.55%	-
Timing	After-hours	After-hours	-	-	-	After-hours	After-hours	-	After-hours	After-hours	After-hours	-	After-hours	After-hours	After-hours	After-hours	-	-	-	-	-	-	After-hours	-	-	-	-	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap2.12B

Enterprise Value4.48B

Trailing P/E247.14

Forward P/E13.76

PEG Ratio0.82

Price / Sales5.41

Price / Book0.66

EPS0.07

Book Value25.84

Revenue (TTM)392.36M

Gross Profit (TTM)262.69M

EBITDA243.98M

Profit Margin2.02%

Operating Margin62.84%

Return on Equity0.25%

Return on Assets2.71%

Shares Outstanding119.95M

Shares Float117.78M

Beta0.93

Dividend Yield4.16%

Dividend Rate0.72

Payout Ratio1070.11%

Dividends

202610×

0.06Oct 30, 20260.06Sep 29, 20260.06Aug 31, 20260.06Jul 31, 20260.06Jun 30, 20260.06May 29, 20260.06Apr 30, 20260.06Mar 31, 20260.06Feb 27, 20260.06Jan 30, 2026

202512×

0.06Dec 31, 20250.06Nov 28, 20250.06Oct 31, 20250.06Sep 29, 20250.06Aug 29, 20250.06Jul 31, 20250.06Jun 30, 20250.06May 30, 20250.06Apr 30, 20250.06Mar 31, 20250.06Feb 28, 20250.06Jan 31, 2025

20242×

0.06Dec 31, 20240.06Nov 29, 2024

Stock Splits

May 24, 20071:4