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Killam Apartment REIT (TSX:KPM.UN) Reports 5% Growth in Property Revenue and Achieves Record Low Debt Level in 3Q2024
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Highlights
Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHC).
In the third quarter of 2024 (3Q2024), KPM saw a 4.7% YoY increase in property revenue, reaching CAD 93.7 million, compared to CAD 89.5 million in the prior corresponding period. This rise was driven by overall portfolio performance, contributing positively to revenue growth.
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