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Killam Apartment REIT Un (TSE:KMP.UN)
TSX:KMP.UN
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.93Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -0.22%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
Killam REIT's Q1 2025 earnings call highlights strong financial performance with increases in FFO and NOI growth, alongside successful leasing and development activities. However, these positives are somewhat offset by rising utility expenses and property taxes, as well as concerns about potential tariff impacts. Overall, the positive financial metrics and strategic achievements outweigh the challenges faced.Company Guidance
During the Killam Apartment REIT First Quarter 2025 Financial Results Conference Call, the company provided several key metrics and guidance updates. Killam reported a 7.7% increase in FFO per unit, reaching $0.28, compared to $0.26 in Q1 2024. The same property NOI growth was 7.8%, comprising 8% in the apartment portfolio, 7.5% in manufactured home communities, and 4.2% in commercial properties. The occupancy rate for apartments was stable at 97.5%. The company is optimistic about meeting its 4% to 7% same property NOI target for the year. They also noted a 15% rental increase on unit turns, with a 5.1% weighted average rental rate increase. Killam's debt to total assets ratio improved to 39.9%, and they are actively managing their debt with refinancing at favorable rates. Dispositions are underway to optimize the portfolio, with a focus on reinvestment in high-quality assets and potential unit buybacks. The company continues to see strong leasing trends and anticipates favorable market conditions in their key regions.Increased Funds from Operations (FFO)
Killam REIT reported a 7.7% increase in FFO per unit, from $0.26 in Q1 2024 to $0.28 in Q1 2025.
Strong Same Property NOI Growth
The company achieved 7.8% same property NOI growth across its portfolio, including 8% growth in the apartment portfolio.
Record Debt to Total Assets Ratio
Killam reported a debt to total assets ratio of 39.9%, marking the first time this ratio has dropped below 40% in the company's history.
Successful Lease-Up and Rental Increases
Killam achieved a 15% increase in rental rates on unit turns and a 5.1% weighted average combined increase in apartment rental rates in Q1 2025.
Development Progress
The Carrick is expected to open on June 1, with 26% of the building pre-leased. Killam continues to progress on other developments, including Eventide and Brightwood.
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TSE:KMP.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:KMP.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | C$18.00 | C$17.81 | -1.06% |
Feb 12, 2025 | C$16.37 | C$16.49 | +0.73% |
Nov 06, 2024 | C$17.72 | C$18.04 | +1.81% |
Aug 07, 2024 | C$18.01 | C$17.94 | -0.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Killam Apartment REIT Un (TSE:KMP.UN) report earnings?
Killam Apartment REIT Un (TSE:KMP.UN) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Killam Apartment REIT Un (TSE:KMP.UN) earnings time?
Killam Apartment REIT Un (TSE:KMP.UN) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:KMP.UN EPS forecast?
Currently, no data Available
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