Killam Apartment REIT T.KMP.UN

Alternate Symbol(s): KMMPF

Killam Apartment Real Estate Investment Trust (Trust) is a Canada-based residential real estate investment trust. The Trust owns, operates, and develops a $5.3 billion portfolio of apartments and manufactured home communities (MCHs). Its segments include Apartment, MHC, and Commercial. Its Apartment segment acquires, operates, manages and develops multifamily residential properties across Canada. Its MHC segment acquires and operates MHC communities in Ontario and Eastern Canada. Its Commercial segment acquires and operates stand-alone commercial properties in Ontario, Nova Scotia and Prince Edward Island. Its apartment portfolio consists of over 18,801 units, including 1,343 units jointly owned with institutional partners. It owns over 5,975 sites in 40 MHCs, also known as land-lease communities or trailer parks, in Ontario and Atlantic Canada. It owns the land and infrastructure supporting these communities and leases sites to tenants who own their own homes and pay Killam site rent.

TSX:KMP.UN - Post by User

Killam Apartment REIT

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Comment by sheppy514on Mar 14, 2008 11:16pm

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Post# 14724024

RE: Anyone like Killam (KMP)

I've been holding KMP for 2 years now. Share price has not done a whole lot, however the dividend is attractive. I also hold a position in IIP.UN which is another residential property co. based in Ontario. Personally, I see KMP bidding for IIP.UN. IIP has a market cap of 50m +/- and roughly 4000 units in Ontario. KMP has publicly stated that they want to expand their apts outside of the Eastcoast and into Ontario. Worth checking out IIP. Just my thoughts. I have owned both iip and kmp for roughly 2 years. They would make a great match. Sheppy

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