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Killam Apartment REIT TSX:KMP.UN Stock Report

Last Price

CA$16.71

Market Cap

CA$2.2b

7D

-5.8%

1Y

-5.4%

Updated

19 Dec, 2024

Data

Company Financials +

Killam Apartment REIT

TSX:KMP.UN Stock Report

Market Cap: CA$2.2b

KMP.UN Stock Overview

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. More details

KMP.UN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends4/6

Rewards

Trading at 33.5% below our estimate of its fair value

Earnings grew by 18.7% over the past year

Analysts in good agreement that stock price will rise by 34.2%

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year

Dividend of 4.31% is not well covered by free cash flows

Large one-off items impacting financial results


My Notes

Capture your thoughts, links and company narrative

Killam Apartment REIT Competitors

Boardwalk Real Estate Investment Trust

TSX:BEI.UN

CA$3.4b

Morguard North American Residential Real Estate Investment Trust

TSX:MRG.UN

CA$938.9m

Canadian Apartment Properties Real Estate Investment Trust

TSX:CAR.UN

CA$7.2b

Crombie Real Estate Investment Trust

TSX:CRR.UN

CA$2.5b

Price History & Performance

Summary of share price highs, lows and changes for Killam Apartment REIT
Historical stock prices
Current Share PriceCA$16.71
52 Week HighCA$21.72
52 Week LowCA$16.62
Beta1.07
1 Month Change-8.54%
3 Month Change-21.48%
1 Year Change-5.43%
3 Year Change-27.60%
5 Year Change-12.15%
Change since IPO1,988.75%

Recent News & Updates

Recent updates

Shareholder Returns

KMP.UNCA Residential REITsCA Market
7D-5.8%-4.2%-4.1%
1Y-5.4%-6.7%16.7%

Return vs Industry: KMP.UN exceeded the Canadian Residential REITs industry which returned -6.7% over the past year.

Return vs Market: KMP.UN underperformed the Canadian Market which returned 16.7% over the past year.

Price Volatility

Is KMP.UN's price volatile compared to industry and market?
KMP.UN volatility
KMP.UN Average Weekly Movement2.3%
Residential REITs Industry Average Movement2.8%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.8%
10% least volatile stocks in CA Market2.9%

Stable Share Price: KMP.UN has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: KMP.UN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000n/aPhilip Fraserwww.killamreit.com

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.

Killam Apartment REIT Fundamentals Summary

How do Killam Apartment REIT's earnings and revenue compare to its market cap?
KMP.UN fundamental statistics
Market capCA$2.18b
Earnings (TTM)CA$304.41m
Revenue (TTM)CA$361.14m

6.7x

P/E Ratio

5.7x

P/S Ratio

Is KMP.UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KMP.UN income statement (TTM)
RevenueCA$361.14m
Cost of RevenueCA$123.08m
Gross ProfitCA$238.06m
Other Expenses-CA$66.35m
EarningsCA$304.41m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.48
Gross Margin65.92%
Net Profit Margin84.29%
Debt/Equity Ratio80.3%

How did KMP.UN perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

42%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 22:48
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Killam Apartment REIT is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael MarkidisBMO Capital Markets Equity Research
Karine MacIndoeBMO Capital Markets Equity Research
Mark RothschildCanaccord Genuity