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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

Comment by wkrpradioon Sep 20, 2022 9:03pm
108 Views
Post# 34975272

RE:UNwelcome to Nova Scotia

RE:UNwelcome to Nova Scotia
Maxmoe wrote: Where killam is based FYI. But I don't know how much longer until HO moves to Calgary to save everyone 6% in income tax and  I got a reply from the premier's office to an email I sent in April about the proposed "non-resident" property tax penalty. I pointed out the obvious counterproductive drop in "non resident" investment in real estate that would result. That if they want to subsidize new "local" household formation taxes they can do so transparently, in many ways, without penalizing the entire real estate market. That the policy would result in even higher rental and buyer pricing due to shortages in construction spending. But, in typical backwater "provincial" NIMBY thinking, they decided to scrap the extra tax on the annual tax bill for "non-residents" but they'll stick with an extra tax at any deed transfer tax time. Still short sighted and stupid. But somehow less so? And they wonder why they can't recruit recent grads, never mind wily old veterans, to work or move there. Rents will keep marching higher ( go KMP ) , investment and economic growth will go back to the stagnation of the last 50 years. Why not encourage construction to keep real estate affordable rather than beat down values with higher taxes??? Oh, well, it's good for KMP rents. $3000 a month for a nice 2 bedroom on spring garden road in Halifax. WOW! Or, $1200 a month for a sketchy one bedroom in a sketchy part of town in dartmouth! Kmp has 63 properties (buildings not apartments) in metro halifax. Those are the ONLY 2 apartments available.  Pick up the pace of tenant rollovers into the new reality of Toronto size rents on properties Kmp paid a fraction of the purchase or development price. 



Trying to discuss economics , in an intelligent manner with Marxisxts ,is a wasted effort. Atlantic Canada keeps on re-electing Trudhole  , and that should tell you all , that you need to know about their values. 
Yes Killiam should benefit , in the long run , because many of Trudhole's border jumpers have their rent paid by the government. 
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