Killam Apartment REIT T.KMP.UN

RE:RE:Time for a little bump in monthly payout?

[Maxmoe]

Maxmoe wrote:

Maxmoe wrote: My goal is to own enough units to cover the rent on a decent apartment. It's about 30,000 to 35,000 units to cover it. I don't want or expect rents to drop so squeeze another penny per month distribution please. 30,000 shares @ .05833 per month is only 1750 per month, so I gotta go 35000 shares to get $2040 per month.  Or add a penny per month and my 30000 shares pump out an extra $300 per month from 1750 to 2050. 

Small flaw in "the plan" ! The rents are going up far faster than the dividend. A year ago 35,000 shares generated 2041.55 per month. Enough for a small reasonable apartment in most cities. A closet with 2 roommates in van or TO. But now? My options with a budget just over 2 grand are shrinking. So that alone tells me we are overdue for a bump in the dividend. Rents going up like this make my quest more difficult, but it surely helps the bottom line at KMP, as well as giving a nice boost to the underlying  NAV. An extra cent would take my budget back to a small reasonable apartment. No deluxe apartment in the sky for $2400. LOL. 

<br /> Small flaw getting smaller. Cheap stock means I can buy more at a better yield. But at this rate I may have to switch to plan B. Time to switch to sienna? Some day I may need a nice old folks assisted living apartment. Its WAY more expensive than a comfortable 2 br killam apt but SIA stock is near 10 year lows and paying 9.3% yield. So double the yield So I'd need far fewer shares. Hmmm. Cmon boys at Kmp, better give us a bump, your killam me !