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 jessejames14on Jan 21, 2004 5:41pm

167 Views

Post# 6931201

RE: A little profit taking

They need alot more news than that. A "best case" 10yr avg ROI of ~18% on this particular acquisition i.e. including principal reduction, cap gain, and net cash flow accumulation)...Which is excellent...don't get me wrong. BUT...which is what, 15-20% of shareholder equity? Does not, or at least should not, equate to a nearly 100% run on the stock in the past 1/4. Should it? Why wouldn't we take our profits here and buy a REIT which is closer to fair value. I'm just looking for a reason to justify to myself that I should hold this investment.

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