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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Post by DanielDardenon Jul 28, 2024 3:36pm

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Post# 36151833

DRIP, DRIp, DRip ...

For those that question its’ value, I have been enrolled since 2008. The 3% discount has allowed for the accumulation of a significant position by avoiding $Ks of commissions, firstly. In addition, the plan automatically buys more units when the price is low thereby maintaining a low ACB. Fewer units are bought at higher prices.

insofar as the NCIB, ~ $400K was recently spent buying units at low prices.

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