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Killam Apartment REIT Un (TSE:KMP.UN)
:KMP.UN
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
1.04Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -1.99%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong financial performance, including significant NOI growth and successful corporate restructuring, though tempered by challenges such as increased operating expenses and a slight vacancy uptick.Company Guidance
During the Killam Apartment REIT Q4 2024 financial results call, the company reported robust growth and financial performance. Key metrics included an 8.4% increase in same property Net Operating Income (NOI), with specific growth of 8.5% in the apartment portfolio, 7.5% in manufactured home communities, and 6.3% in commercial properties. Funds from Operations (FFO) rose to $1.18 per unit, marking a 2.6% increase from 2023. Top-line revenue grew by 4.7% across the total portfolio and 6.0% for the same property portfolio. The company achieved a 7.0% weighted average rental rate increase, despite a slight vacancy uptick. For 2025, Killam anticipates same property NOI growth between 4% and 7% and revenue growth of 5% to 6%. The company also completed $59.2 million in property dispositions and is considering further acquisitions primarily in Western Canada and Ontario.Strong Same Property NOI Growth
Killam achieved an 8.4% same property NOI growth across the portfolio, with 8.5% in the apartment portfolio, 7.5% in the manufactured home community portfolio, and 6.3% in commercial properties.
Increase in Funds from Operations (FFO)
FFO per unit increased by 2.6% from $1.15 in 2023 to $1.18 in 2024.
Successful Corporate Restructuring
Killam completed a strategic corporate restructuring transaction, resulting in a deferred tax recovery of $279 million.
Robust Rental Rate Increases
The same property apartment portfolio achieved a weighted average rental rate increase of 7.0% for the year, with a 19.5% rent growth for new tenants in Q4.
Debt Reduction Achievement
Debt as a percentage of total assets decreased to 40.4%, the lowest in Killam's operating history.
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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 |
|---|---|---|---|
| Feb 12, 2025 | C$16.55 | C$16.67 | +0.73% |
| Nov 06, 2024 | C$17.91 | C$18.23 | +1.79% |
| Aug 07, 2024 | C$18.21 | C$18.14 | -0.38% |
| May 07, 2024 | C$16.46 | C$16.70 | +1.46% |
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 Apr 30, 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 Apr 30, 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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