Killam Apartment REIT is one of Canada’s largest real estate investment trust owning, operating and developing apartments and manufactured home communities. Its growth-oriented real estate portfolio is located in attractive markets of Atlantic Canada, Ontario, and Alberta.
Its portfolio of multi-family residential apartments comprises of 197 apartment properties and 37 MCHs. Approximately 90% of Killam’s net operating income is generated from the apartment business, 5% from the MHC business and 5% from commercial properties.
Almost 33% of its NOI is generated from apartments under 10 years of age, which acts as a significant demand driver as modern buildings are in greater demand since they require less maintenance and operational costs. Killam is targeting to develop high-quality properties in its core markets and is also expanding geographically with accretive acquisitions.
Killam Apartment REIT Stock Details
- Ticker: TSE:kmp.UN
- Sector: Real Estate
- Industry: REIT - Residential
- Market Cap: 2.09B
- Market Cap Group: Mid Cap
- P/E: 14.25
- Dividend Yield: 3.92%
- Grade: C
- Dividend Aristocrat: YES
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 4/10
- Dividend Income Fit: 3/10
KMP.UN Industry Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| ESS | NYSE:ESS | Essex Property Trust Inc. | 14.67 | 30.31 | 4.04 | YES | 1 | 10 | 83 |
| CAR.UN | TSE:CAR.UN | Canadian Apartment Properties REIT | 8.49 | 0.00 | 2.86 | YES | 1 | 10 | 83 |
| BEI.UN | TSE:BEI.UN | Boardwalk REIT | 2.81 | 7.70 | 1.90 | NO | 1 | 10 | 83 |
| KMP.UN | TSE:KMP.UN | Killam Apartment REIT | 2.09 | 14.25 | 3.92 | YES | 1 | 10 | 83 |
| IIP.UN | TSE:IIP.UN | InterRent REIT | 1.91 | 21.11 | 2.68 | YES | 1 | 10 | 83 |
| MRG.UN | TSE:MRG.UN | Morguard North American Residential REIT | 0.65 | 11.87 | 4.30 | NO | 1 | 10 | 83 |
| MI.UN | TSE:MI.UN | Minto Apartment REIT | 0.59 | 3.54 | 3.33 | YES | 1 | 10 | 83 |
Top Picks by Bay Street Experts
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Killam Apartment REIT - FAQ
What is the stock ticker for Killam Apartment REIT?
The stock ticker for Killam Apartment REIT is TSE:KMP.UN.
Is Killam Apartment REIT a good stock to buy?
You need to consider your investment strategy and how TSE:KMP.UN can fit in your portfolio.
The current dividend income score of 3/10 and dividend growth score of 4/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Killam Apartment REIT a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 45 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Killam Apartment REIT?
You can easily buy the KMP.UN stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.