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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 Maxmoeon Jul 24, 2024 1:45pm
76 Views
Post# 36146498

RE:RE:Ncib

RE:RE:NcibAgree 100%. Pay down debt. But what is the point of announcing a NCIB if they never buy a single share. Speaking of pointless, anybody use the drip? Am I reading it correctly? If I get $1000 dividend, and I opt for the drip 3% top up , I'd get $1030 worth of stock versus $1000 if I opt for cash? Seems pretty pointless but then again I don't have many dividend payers and no other drip to compare to. At that rate I'll continue to take the cash and either buy more Kmp on a down day. There always seems to be one. Or more stock in whatever is cheapest in my portfolio that week. Or accumulate some rainy day firepower. Or blow it all on girls and liquor like a drunken sailor with a weekend pass. A grand doesn't go as far as it did 40 years ago, but wtf. 
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