Snowflake Score | |
---|---|
Valuation | 2/6 |
Future Growth | 1/6 |
Past Performance | 3/6 |
Financial Health | 2/6 |
Dividends | 3/6 |
KMP.UN Stock Overview
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.
Killam Apartment REIT Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | CA$17.14 |
52 Week High | CA$24.15 |
52 Week Low | CA$16.48 |
Beta | 0.89 |
1 Month Change | -9.98% |
3 Month Change | -21.88% |
1 Year Change | -15.02% |
3 Year Change | -8.78% |
5 Year Change | 34.54% |
Change since IPO | 2,042.50% |
Recent News & Updates
Shareholder Returns
KMP.UN | CA REITs | CA Market | |
---|---|---|---|
7D | 0.8% | 0.8% | 0.1% |
1Y | -15.0% | -11.6% | -2.6% |
Return vs Industry: KMP.UN underperformed the Canadian REITs industry which returned -11.7% over the past year.
Return vs Market: KMP.UN underperformed the Canadian Market which returned -4% over the past year.
Price Volatility
KMP.UN volatility | |
---|---|
KMP.UN Average Weekly Movement | 3.7% |
REITs Industry Average Movement | 3.8% |
Market Average Movement | 10.0% |
10% most volatile stocks in CA Market | 17.3% |
10% least volatile stocks in CA Market | 4.4% |
Stable Share Price: KMP.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: KMP.UN's weekly volatility (4%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2000 | n/a | Philip Fraser | https://www.killamreit.com |
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. 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.
Killam Apartment REIT Fundamentals Summary
KMP.UN fundamental statistics | |
---|---|
Market Cap | CA$2.05b |
Earnings (TTM) | CA$318.12m |
Revenue (TTM) | CA$302.21m |
6.2x
P/E Ratio6.6x
P/S RatioIs KMP.UN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
KMP.UN income statement (TTM) | |
---|---|
Revenue | CA$302.21m |
Cost of Revenue | CA$112.77m |
Gross Profit | CA$189.44m |
Other Expenses | -CA$128.68m |
Earnings | CA$318.12m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jun 30, 2022
Earnings per share (EPS) | 2.75 |
Gross Margin | 62.68% |
Net Profit Margin | 105.26% |
Debt/Equity Ratio | 89.7% |
How did KMP.UN perform over the long term?
See historical performance and comparisonDividends
4.1%
Current Dividend Yield1,489%
Payout RatioDoes KMP.UN pay a reliable dividends?
See KMP.UN dividend history and benchmarksKillam Apartment REIT dividend dates | |
---|---|
Ex Dividend Date | Jun 29 2022 |
Dividend Pay Date | Jul 15 2022 |
Days until Ex dividend | 1 day |
Days until Dividend pay date | 17 days |
Does KMP.UN pay a reliable dividends?
See KMP.UN dividend history and benchmarksValuation
Is KMP.UN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KMP.UN?
Other financial metrics that can be useful for relative valuation.
What is KMP.UN's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | CA$2.05b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 13.3x |
Enterprise Value/EBITDA | 23.3x |
PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does KMP.UN's PE Ratio compare to its peers?
KMP.UN PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 3.7x | ||
BEI.UN Boardwalk Real Estate Investment Trust | 4x | n/a | CA$2.1b |
IIP.UN InterRent Real Estate Investment Trust | 4.8x | n/a | CA$1.8b |
MI.UN Minto Apartment Real Estate Investment Trust | 3.9x | n/a | CA$917.3m |
HOM.UN BSR Real Estate Investment Trust | 2x | -95.7% | CA$1.1b |
KMP.UN Killam Apartment REIT | 6.2x | n/a | CA$2.1b |
Price-To-Earnings vs Peers: KMP.UN is expensive based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (3.7x).
Price to Earnings Ratio vs Industry
How does KMP.UN's PE Ratio compare vs other companies in the CA REITs Industry?
Price-To-Earnings vs Industry: KMP.UN is expensive based on its Price-To-Earnings Ratio (6.2x) compared to the Canadian REITs industry average (4.8x)
Price to Earnings Ratio vs Fair Ratio
What is KMP.UN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 6.2x |
Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KMP.UN's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of KMP.UN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: KMP.UN (CA$17.14) is trading below our estimate of fair value (CA$23.75)
Significantly Below Fair Value: KMP.UN is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KMP.UN's PEG Ratio to determine if it is good value.
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Future Growth
How is Killam Apartment REIT forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
7.9%
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 (1.6%).
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 KMP.UN's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KMP.UN's revenue (7.9% per year) is forecast to grow faster than the Canadian market (6.9% per year).
High Growth Revenue: KMP.UN's revenue (7.9% 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
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Past Performance
How has Killam Apartment REIT performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
21.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KMP.UN has a large one-off gain of CA$253.9M impacting its March 31 2022 financial results.
Growing Profit Margin: KMP.UN's current net profit margins are higher than last year (50.6%).
Past Earnings Growth Analysis
Earnings Trend: KMP.UN's earnings have grown significantly by 21.9% per year over the past 5 years.
Accelerating Growth: KMP.UN's earnings growth over the past year (135.7%) exceeds its 5-year average (21.9% per year).
Earnings vs Industry: KMP.UN earnings growth over the past year (135.7%) underperformed the REITs industry 163.2%.
Return on Equity
High ROE: KMP.UN's Return on Equity (14.1%) is considered low.
Discover strong past performing companies
Financial Health
How is Killam Apartment REIT's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: KMP.UN's short term assets (CA$32.2M) do not cover its short term liabilities (CA$426.3M).
Long Term Liabilities: KMP.UN's short term assets (CA$32.2M) do not cover its long term liabilities (CA$2.0B).
Debt to Equity History and Analysis
Debt Level: KMP.UN's net debt to equity ratio (89.5%) is considered high.
Reducing Debt: KMP.UN's debt to equity ratio has reduced from 132.1% to 89.7% over the past 5 years.
Debt Coverage: KMP.UN's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: KMP.UN's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
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Dividend
What is Killam Apartment REIT current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KMP.UN's dividend (4.08%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).
High Dividend: KMP.UN's dividend (4.08%) is low compared to the top 25% of dividend payers in the Canadian market (5.33%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (1488.9%), KMP.UN's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (141.1%), KMP.UN's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
12.2yrs
Average management tenure
CEO
Philip Fraser (59 yo)
22.08yrs
Tenure
CA$2,257,546
Compensation
Mr. Philip D. Fraser, B.Comm, MURP, MBA, has been Chief Executive Officer and Founding President at Killam Apartment Real Estate Investment Trust since May 2000 and serves as a Trustee since May 26, 2000....
CEO Compensation Analysis
Compensation vs Market: Philip's total compensation ($USD1.75M) is about average for companies of similar size in the Canadian market ($USD2.40M).
Compensation vs Earnings: Philip's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: KMP.UN's management team is seasoned and experienced (12.2 years average tenure).
Board Members
Experienced Board: KMP.UN's board of directors are seasoned and experienced ( 15.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KMP.UN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.3%.
Top Shareholders
Company Information
Killam Apartment REIT's employee growth, exchange listings and data sources
Key Information
- Name: Killam Apartment REIT
- Ticker: KMP.UN
- Exchange: TSX
- Founded: 2000
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: CA$2.050b
- Market Cap: CA$1.982b
- Shares outstanding: 119.82m
- Website: https://www.killamreit.com
Number of Employees
Location
- Killam Apartment REIT
- 3700 Kempt Road
- Suite 100
- Halifax
- Nova Scotia
- B3K 4X8
- Canada
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/27 00:00 |
End of Day Share Price | 2022/06/27 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.