Killam Apartment Real Estate Investment Trust (T:KMP.UN)
Business Focus: Residential REITs
| Sector: Real Estate | Industry: Residential REITs |
| Company Contact | |
| Address: | Suite 100, 3700 Kempt Road HALIFAX NS B3K 4X8 |
| Tel: | 1-902-4420388 |
| Website: | https://killamreit.com |
| IR: | See website |
| Key People | ||
| Philip D. Fraser President, Chief Executive Officer, Executive Trustee | Carrie Curtis Vice President, Ontario and Alberta | Dale Noseworthy Chief Financial Officer |
| Robert G. Richardson Executive Vice President, Executive Trustee | Erin Cleveland Senior Vice President - Finance | Ruth Buckle Senior Vice President - Property Management |
| Michael Mclean Senior Vice President - Development | Brian Jessop Vice President - Operations | Jeremy Jackson Vice President - Marketing and Program Development | Colleen Mccarville Vice President - Human Resources |
| Business Overview |
| Killam Apartment REIT (Trust) is a Canada-based residential real-estate investment trust. The Trust owns, operates, and develops a portfolio of apartments and manufactured home communities. 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, MHC, and Commercial. The Apartment segment acquires, operates, manages, and develops multi-family residential properties across Canada. The MHC segment acquires and operates MHC communities in Ontario and Eastern Canada. The Commercial segment acquires and operates stand-alone commercial properties in Ontario, Nova Scotia, and Prince Edward Island. The segment includes over eight commercial properties. The Company's subsidiaries include Killam Apartment General Partner Ltd., Killam Apartment Limited Partnership, Killam Properties Inc., and Killam Properties SGP Ltd., among others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Killam Apartment REIT revenues increased 6% to C$348.2M. Net income increased from C$122.5M to C$266.3M. Revenues reflect Apartments segment increase of 6% to C$306.5M, Funds from Operations - Per Share - Basi increase of 4% to C$1.15, FFO per Share (Diluted) increase of 4% to C$1.15. Net income benefited from Net Operating Income (NOI) increase of 8% to C$198.3M, G/L on Invest. HFS. |
| Employees: | 750 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $4,230M as of Dec 31, 2023 |
| Annual revenue (TTM): | $348.15M as of Dec 31, 2023 |
| EBITDA (TTM): | $203.62M as of Dec 31, 2023 |
| Net annual income (TTM): | $266.33M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$15.85M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,173M as of Dec 31, 2023 |
| Shares outstanding: | 118,689,511 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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