Bullboard - Stock Discussion Forum Killam Apartment REIT T.KMP.UN

Alternate Symbol(s): KMMPF

Killam Apartment REIT (Trust) is a Canada-based residential real-estate investment trust. The Trust owns, operates, and develops a portfolio of apartments and manufactured home communities. The Trust specializes in the acquisition, management and development of multi-residential apartment buildings, manufactured home communities (MHCs) and commercial properties in Canada. Its segments include... see more

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TSX:KMP.UN - Post Discussion

Killam Apartment REIT > A Lesson From 2008

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Post by DanielDarden on Jul 08, 2023 11:01am

A Lesson From 2008

For perspective, KMP was purchased initially @$4.00 in Dec./08 while most were fretting about high interest rates and their impact on REITS. Most could not dump fast enough as the pundits were preaching doom. With a constant DRIP at a 4% discount, the ACB has risen to ~$6 while the original investment has quadrupled.

The morale simply is that that when the fundamentals are sound, you trust management and the Board, you buy regardless of the noise. You may not be rewarded immediately, but in most cases, you will be rewarded because others will buy higher when they are more comfortable.

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Comment by DanielDarden on Feb 25, 2024 1:58pm

Just like in 2009, the uptrend has begun with further improvements as rate cuts appear on the horizon. The real gains will come when most realize that maturing GICs can not be reinvested at the same rates. Apartment REITs should be the first beneficiaries of that money.

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