Increase in FFO and Same-Property NOI
Killam Apartment REIT delivered FFO of $0.34 per unit, a 3% increase from $0.33 per unit in Q3 2024. Achieved 5.5% same-property NOI growth across the portfolio.
Strong Same-Property Revenue Growth
Same-property revenue increased by 5.5% in Q3 2025, with specific growth in the manufactured home community portfolio (7.5%) and commercial properties (3.2%).
Successful Capital Allocation and Acquisitions
Completed the disposition of $110.6 million of apartment buildings and purchased $168.8 million of apartment buildings during the third quarter.
Positive Developments in Kitchener-Waterloo
The Carat, which opened on June 1, 2025, is now 80% leased. Solar panel installations expected to yield over $170,000 in utility cost savings annually.