Killam Apartment REIT T.KMP.UN

Alternate Symbol(s): KMMPF

Real Estate REIT - Residential

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 DanielDarden123on Jun 29, 2022 11:58am

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Post# 34790661

RE:RE:Can someone explain this

Your analysis would be more useful if you made the necessary and important distinction between floating rate debt and fixed mortgage debt. If you check the balance sheet you will realize that most is fixed and does not escalate with a rate increase but rather is renegotiated at the end of the term. That is not considered in your calculation and is therefore misleading. Yes, interest rates affect real estate values but so does inflation. Keeping the proper perspective is important.

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