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Killam Apartment Real Estate Investment Trust (T:KMP.UN)

Business Focus: Residential REITs

Sector:  Real Estate Industry:  Residential REITs
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 100, 3700 Kempt Road
Tel: 1-902-4420388
IR: See website
Key People
Philip D. Fraser
President, Chief Executive Officer, Executive Trustee
Nancy Dianne Alexander
Vice President - Investor Relations and Sustainability
Dale Noseworthy
Chief Financial Officer
Robert G. Richardson
Executive Vice President, Executive Director, Trustee
Erin Cleveland
Senior Vice President - Finance
Ruth Buckle
Senior Vice President - Property Management
Michael McLean
Senior Vice President - Developments
Brian Jessop
Vice President - Operations
Jeremy Jackson
Vice President - Marketing and Program Development
Colleen McCarville
Vice President - Human Resources
Business Overview
Killam Apartment Real Estate Investment Trust (the Trust) is a Canada-based real estate investment trust. The Trust specializes in the acquisition, management and development of multi-residential apartment buildings, manufactured home communities (MHCs) and commercial properties in Canada. Its segments include Apartment segment, MHC segment and Commercial. The Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. MHC segment acquires and operates MHC communities in Ontario and Eastern Canada. Other segment includes 14 commercial properties. The Company's subsidiaries include Killam Apartment General Partner Ltd, Killam Properties Inc., Killam Investments Inc., Blackshire Court Ltd and Killam Properties Apartments Trust.
Financial Overview
For the six months ended 30 June 2022, Killam Apartment REIT revenues increased 15% to C$159M. Net income decreased 22% to C$128.7M. Revenues reflect Apartments segment increase of 16% to C$140.8M, Funds from Operations - Per Share - Basi increase of 4% to C$0.26, FFO per Share (Diluted) increase of 4% to C$0.26. Net income was offset by G/L on Invest. HFS, Maturity & Trading decrease of 62% to C$55.5M (income).
Employees: 689 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $4,018M as of Jun 30, 2022
Annual revenue (TTM): $312.25M as of Jun 30, 2022
EBITDA (TTM): $176.87M as of Jun 30, 2022
Net annual income (TTM): $250.16M as of Jun 30, 2022
Free cash flow (TTM): $80.03M as of Jun 30, 2022
Net Debt Last Fiscal Year: $2,143M as of Jun 30, 2022
Shares outstanding: 116,186,089 as of Sep 8, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization