Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $3.6 billion portfolio of apartments and manufactured home communities. More Details
Established dividend payer and slightly overvalued.
Share Price & News
How has Killam Apartment Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KMP.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: KMP.UN's weekly volatility (2%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: KMP.UN underperformed the Canadian REITs industry which returned 17.4% over the past year.
Return vs Market: KMP.UN underperformed the Canadian Market which returned 39.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Killam Apartment Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StKillam Apartment Real Estate Investment Trust (TSE:KMP.UN) On An Uptrend: Could Fundamentals Be Driving The Stock?
2 months ago | Simply Wall StKillam Apartment Real Estate Investment Trust (TSE:KMP.UN) Has Gifted Shareholders With A Fantastic 107% Total Return On Their Investment
Is Killam Apartment Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KMP.UN (CA$19.44) is trading below our estimate of fair value (CA$22.24)
Significantly Below Fair Value: KMP.UN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KMP.UN is poor value based on its PE Ratio (13.7x) compared to the CA REITs industry average (10.9x).
PE vs Market: KMP.UN is good value based on its PE Ratio (13.7x) compared to the Canadian market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KMP.UN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KMP.UN is overvalued based on its PB Ratio (1.1x) compared to the CA REITs industry average (0.9x).
How is Killam Apartment Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if KMP.UN's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if KMP.UN's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KMP.UN's revenue (5.8% per year) is forecast to grow slower than the Canadian market (7.2% per year).
High Growth Revenue: KMP.UN's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if KMP.UN's Return on Equity is forecast to be high in 3 years time
How has Killam Apartment Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KMP.UN has a large one-off gain of CA$46.9M impacting its December 31 2020 financial results.
Growing Profit Margin: KMP.UN's current net profit margins (55.7%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: KMP.UN's earnings have grown significantly by 30.5% per year over the past 5 years.
Accelerating Growth: KMP.UN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KMP.UN had negative earnings growth (-48.5%) over the past year, making it difficult to compare to the REITs industry average (-17.1%).
Return on Equity
High ROE: KMP.UN's Return on Equity (8.3%) is considered low.
How is Killam Apartment Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: KMP.UN's short term assets (CA$26.3M) do not cover its short term liabilities (CA$308.6M).
Long Term Liabilities: KMP.UN's short term assets (CA$26.3M) do not cover its long term liabilities (CA$1.7B).
Debt to Equity History and Analysis
Debt Level: KMP.UN's debt to equity ratio (95%) is considered high.
Reducing Debt: KMP.UN's debt to equity ratio has reduced from 152.5% to 95% over the past 5 years.
Debt Coverage: KMP.UN's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: KMP.UN's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is Killam Apartment Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KMP.UN's dividend (3.5%) is higher than the bottom 25% of dividend payers in the Canadian market (1.47%).
High Dividend: KMP.UN's dividend (3.5%) is low compared to the top 25% of dividend payers in the Canadian market (4.73%).
Stability and Growth of Payments
Stable Dividend: KMP.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: KMP.UN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.1%), KMP.UN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KMP.UN's dividends in 3 years are forecast to be covered by earnings (64.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Philip Fraser (58 yo)
Mr. Philip D. Fraser, B.Comm, MURP, MBA, has been Chief Executive Officer and Founding President at Killam Apartment Real Estate Investment Trust since May 2000 and serves as a Trustee since May 26, 2000. ...
CEO Compensation Analysis
Compensation vs Market: Philip's total compensation ($USD1.47M) is below average for companies of similar size in the Canadian market ($USD2.14M).
Compensation vs Earnings: Philip's compensation has been consistent with company performance over the past year.
Experienced Management: KMP.UN's management team is seasoned and experienced (11 years average tenure).
Experienced Board: KMP.UN's board of directors are seasoned and experienced ( 17.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.6%.
Killam Apartment Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: Killam Apartment Real Estate Investment Trust
- Ticker: KMP.UN
- Exchange: TSX
- Founded: 2000
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: CA$2.094b
- Market Cap: CA$2.014b
- Shares outstanding: 107.71m
- Website: https://www.killamreit.com
Number of Employees
- Killam Apartment Real Estate Investment Trust
- 3700 Kempt Road
- Suite 100
- Nova Scotia
- B3K 4X8
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $3.6 billion portfolio of apartments and manufactured ho...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/10 23:46|
|End of Day Share Price||2021/04/09 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.