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Home CompaniesKillam Apartment Real Estate Investment Trust

Killam Apartment Real Estate Investment Trust

Real Estate REIT - Residential
PortfolioPortfolio WatchlistWatchlist
Company price
17.685 CAD 0.26 ( 1.46%)
Last update at 2026-11-04T20:35:00Z
VOLUME
158613
Market Cap
2198.22M
P/E
8.59

Momentum Score

…

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $4.9 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations; 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties; and 3) developing high-quality properties in its core markets.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
17.48
Low
17.74
High
52 Week Price Range
15.26
Low
19.35
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Killam Apartment REIT is a Canadian trust that owns and operates multi-unit residential rental properties across several provinces. Long-term growth may be supported by steady rental demand, constrained for-sale housing supply, and accretive acquisitions and development, which could help stabilize cash flow and distributions.
Principal risks include interest-rate and financing cost sensitivity, regulatory rent controls and regional concentration, and execution risk from acquisitions or development that could affect occupancy and funds from operations.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
17.43
Dividend Yield
3.84%
Revenue TTM
347.67M
Revenue Per Share
2.95
Gross Profit TTM
208.71M
Debt / Equity
0.97
ROE
10.70%
Net Debt
2195.91M
ROCE
4.89%
Diluted EPS TTM
2.17

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 141.34M 327.92M 155.63M 324.16M 206.65M
Minority interest -0.02M -0.01M 0.13M 0.11M 0.14M
Net income 122.52M 285.51M 146.02M 283.54M 175.14M
Selling general administrative 17.15M 15.99M 14.74M 14.88M 14.20M
Gross profit 206.91M 183.24M 164.66M 152.34M 135.71M
Reconciled depreciation 0.57M 0.57M 0.72M 0.72M 0.86M
Ebit 206.91M 135.79M 154.45M 152.34M 244.66M
Ebitda 219.03M 136.36M 155.17M 126.23M 245.51M
Depreciation and amortization 12.12M 0.57M 0.72M -26.10M 0.86M
Operating income 206.91M 135.79M 154.45M 152.34M 120.65M
Other operating expenses 139.66M 124.24M 112.40M 105.01M 95.31M
Interest expense 57.57M 47.84M 45.22M 43.98M 38.03M
Tax provision 18.81M 42.39M 9.59M 40.64M 31.48M
Interest income 0.36M 0.24M 0.05M - -
Net interest income -61.23M -51.45M -48.44M -47.21M -42.48M
Income tax expense 18.81M 42.39M 9.59M 40.64M 31.48M
Total revenue 328.85M 290.92M 261.69M 241.75M 215.96M
Total operating expenses 17.73M 16.56M 15.38M 15.60M 15.06M
Cost of revenue 121.94M 107.68M 97.03M 89.41M 80.25M
Total other income expense net -65.57M 192.13M 1.18M 171.82M 86.00M
Net income from continuing ops 122.53M 285.53M 146.04M 283.52M 175.17M
Net income applicable to common shares 122.52M 285.51M 146.02M 283.54M 175.14M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 4859.53M 4578.51M 3776.56M 3380.10M 2824.45M
Other current assets 11.21M 16.91M 17.17M 30.25M 11.43M
Total liab 2586.20M 2467.04M 2008.30M 1777.73M 1655.46M
Total stockholder equity 2273.17M 2111.33M 1768.13M 1602.25M 1168.81M
Other current liab 23.94M 21.80M 18.96M 17.65M 15.67M
Common stock 1351.31M 1230.31M 1097.71M 1009.17M 798.47M
Capital stock 1351.31M 1230.31M 1097.71M 1009.17M 798.47M
Retained earnings 921.07M 880.23M 669.62M 592.29M 369.55M
Other liab 313.20M 327.86M 259.76M 259.08M 205.47M
Other assets 44.13M 59.90M 43.62M 39.62M 61.56M
Cash 9.15M 0.43M 2.56M 12.80M 3.79M
Total current liabilities 624.03M 451.18M 308.62M 348.03M 389.90M
Net debt 2195.91M 2063.83M 1687.08M 1459.24M 1402.54M
Short term debt 556.09M 376.27M 249.72M 301.42M 346.25M
Short long term debt 556.09M 376.27M 249.72M 301.42M 346.25M
Short long term debt total 2205.05M 2064.26M 1689.64M 1472.04M 1406.33M
Other stockholder equity 0.80M 0.80M 0.80M 0.80M 0.80M
Property plant equipment 4780.87M 4493.28M 3706.65M 3288.39M 2744.32M
Total current assets 34.53M 25.32M 26.29M 52.09M 18.52M
Net tangible assets 2273.17M 2111.33M 1768.13M 1602.25M 1168.81M
Net receivables 9.58M 7.77M 6.56M 9.03M 3.02M
Long term debt 1639.34M 1678.39M 1430.34M 1161.70M 1060.08M
Inventory 4.60M 0.21M 0.01M 0.01M 0.28M
Accounts payable 44.00M 53.11M 39.95M 28.96M 27.99M
Non currrent assets other 4817.12M 4545.25M 3741.92M 3320.90M 2800.22M
Non current assets total 4825.00M 4553.18M 3750.27M 3328.01M 2805.93M
Capital lease obligations 9.63M 9.60M 9.57M 8.92M -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -277.05M -497.85M -358.15M -232.90M -335.61M
Change to liabilities -6.97M 16.01M 12.29M 2.85M 3.30M
Total cashflows from investing activities -277.05M -497.85M -358.15M -232.90M -335.61M
Net borrowings 127.19M 307.65M 217.55M 6.84M 234.17M
Total cash from financing activities 154.38M 354.87M 224.40M 146.71M 237.66M
Change to operating activities -4.75M 0.67M -0.79M -5.29M -1.33M
Net income 122.53M 285.53M 146.04M 283.52M 175.14M
Change in cash 2.67M -2.12M -10.24M 9.01M -8.21M
Begin period cash flow 6.48M 2.56M 12.80M 3.79M 12.00M
End period cash flow 9.15M 0.43M 2.56M 12.80M 3.79M
Total cash from operating activities 125.33M 140.86M 123.51M 95.21M 89.74M
Issuance of capital stock 93.47M 104.36M 65.78M 191.73M 54.85M
Depreciation 0.57M 0.57M 0.72M 0.72M 0.86M
Other cashflows from investing activities 0.06M -0.64M -0.26M 0.81M 0.57M
Dividends paid 59.09M 51.45M 49.63M 45.04M 41.62M
Change to account receivables -1.81M -1.21M 2.46M -6.00M -0.67M
Sale purchase of stock - - 478.47M 361.38M -
Other cashflows from financing activities 431.18M 484.29M 470.84M 354.56M 349.66M
Change to netincome 11.93M -164.48M -40.23M -183.70M -91.93M
Capital expenditures 93.92M 76.81M 69.65M 73.42M 47.81M
Change in working capital -9.15M 15.47M 13.96M -8.44M 1.59M
Stock based compensation - - -52.41M 1.92M 1.51M
Other non cash items -7.44M -203.10M -46.77M -222.88M -120.85M
Free cash flow 31.41M 64.05M 53.86M 21.79M 41.92M

Peer Comparison*

Sector: Real Estate Industry: REIT - Residential

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
KMP-UN
Killam Apartment Real Estate Investment Trust		 0.26
1.46%		 17.68 8.59 15.24 6.32 0.88 12.62 12.24
CAR-UN
Canadian Apartment Properties Real Estate Investment Trust		 0.74
2.36%		 32.14 - 17.83 7.60 0.85 14.21 -114.18
BEI-UN
Boardwalk Real Estate Investment Trust		 0.19
0.30%		 63.24 6.35 18.28 7.15 0.95 13.19 11.47
MRG-UN
Morguard North American Residential Real Estate Investment Trust		 0.43
2.96%		 14.95 - 25.32 2.55 0.30 6.58 55.94
MHC-U
Flagship Communities Real Estate Investment Trust		 0.44
2.07%		 21.74 4.94 14.35 9.42 0.72 7.94 6.75

Profile*

Killam Apartment Real Estate Investment Trust

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $4.9 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations; 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties; and 3) developing high-quality properties in its core markets.

3700 Kempt Road, Halifax, NS, Canada, B3K 4X8

902-453-9000

https://www.killamreit.com

Name Title Year Born
Mr. Philip D. Fraser B.Comm, MBA, MURP Pres, CEO & Exec. Trustee 1962
Ms. Dale Noseworthy C.A., C.F.A., CPA, CA, CFA, CPA Chief Financial Officer NA
Mr. Robert G. Richardson B.Comm., F.C.A., FCA, FCPA Exec. VP & Trustee 1962
Ms. Ruth Buckle-McIntosh Sr. VP of Property Management NA
Mr. Michael McLean Sr. VP of Devel. NA
Mr. Brian Jessop C.P.M., P.Eng. VP of Operations NA
Claire Hawksworth Mang. of Investor Relations & Sustainability NA
Mr. Jeremy Winston Jackson B.B.A., M.B.A. VP of Marketing & Gov. Relations NA
Ms. Colleen McCarville VP of HR NA
Ms. Erin Cleveland CPA, CA Sr. VP of Fin. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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