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 > Analyst Reactions

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Comment by Maxmoeon Feb 16, 2024 10:21am

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Post# 35884050

RE:Analyst Reactions

Ssssshhhhhh. Be Vewy vawy kwiet. We're sneaking up on $20 !! I think of the tenant turnover/rent increase phenomenon as the equivalent of a backlog of high margin orders for a manufacturer. As long as current market rents are well above the urgent inventory of rents, there is a continuous improvement in the portfolio as new tenants sign higher leases in line with the market. Vacancy rates remain extremely low. Canada is exploding in population compared to all other western countries. Now if we can get a little bump in our divy, and/or buyback stock, my target of $25+ for 2024 is very realistic. GLTA

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