The call highlighted strong financial performance with increases in FFO, NOI, and rental rates, alongside strategic initiatives to improve operational efficiencies and manage debt. However, challenges such as reduced occupancy, increased turnover, and the upcoming Sun Life lease termination were noted.

Company Guidance -

Q3 2025

During the second quarter of 2025, Killam Apartment REIT reported strong financial and operating results, with a 6.7% increase in Funds from Operations (FFO) per unit to $0.32 compared to $0.30 in Q2 2024. The company achieved a 6.7% same-property Net Operating Income (NOI) growth, with specific growth rates of 6.6% in the apartment portfolio, 10.1% in the manufactured home community portfolio, and 3.4% for commercial properties. The same-property apartment occupancy remained robust at 97.5%, slightly down from 97.8% in Q2 2024. A combined weighted average rental increase of 6.1% was observed, including a 13% rental lift on units turned during the period and a 3.7% increase on renewals. The guidance for 2025 remains optimistic with expected revenue growth of 5% to 6% and same-property NOI growth above 6%. The company continues to strategically manage its portfolio, with ongoing sales and acquisitions, and is focused on maximizing operating margins through energy management initiatives like solar panel installations.

FFO and NOI Growth

Killam delivered FFO of $0.32 per unit, a 6.7% increase from Q2 2024, and achieved 6.7% same-property NOI growth across its portfolio.

Strong Rental Increases

Achieved a combined weighted average rental increase of 6.1% with a 13% lift on turned units and a 3.7% increase on renewals.

Commercial Portfolio Performance

Commercial portfolio saw 4.8% revenue growth driven by a 50 basis point increase in occupancy to 94.6% and higher renewal rates.

Debt Management Improvement

Refinanced $94.6 million of maturing mortgages with $119.2 million of new debt at a weighted average interest rate of 3.52%.

Operational Efficiency Initiatives

Investment in solar panels and energy management initiatives to offset inflationary pressures and maximize operating margins.

Killam Apartment REIT Un (TSE:KMP.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:KMP.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	- / -	0.51	―	―	―
Aug 06, 2025	2025 (Q2)	- / 0.27	0.932	-71.35% (-0.67)	―	―
May 07, 2025	2025 (Q1)	- / 0.82	1.04	-20.77% (-0.22)	―	―
Feb 12, 2025	2024 (Q4)	- / 3.04	0	―	―	―
Nov 06, 2024	2024 (Q3)	- / 0.51	0.562	-9.25% (-0.05)	―	―
Aug 07, 2024	2024 (Q2)	- / 0.93	0.946	-1.48% (-0.01)	―	―
May 07, 2024	2024 (Q1)	- / 1.04	0.69	50.72% (+0.35)	―	―
Feb 14, 2024	2023 (Q4)	- / 0.00	-0.084	―	―	―
Nov 07, 2023	2023 (Q3)	- / 0.56	0.03	1773.33% (+0.53)	―	―
Aug 09, 2023	2023 (Q2)	- / 0.95	0.574	64.81% (+0.37)	―	―

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

TSE:KMP.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	C$18.12	C$17.92	-1.10%
May 07, 2025	C$17.83	C$17.64	-1.07%
Feb 12, 2025	C$16.22	C$16.34	+0.74%
Nov 06, 2024	C$17.56	C$17.87	+1.77%

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.

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 Nov 05, 2025, After Close (Confirmed).

What is Killam Apartment REIT Un (TSE:KMP.UN) earnings time?

Killam Apartment REIT Un (TSE:KMP.UN) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What is TSE:KMP.UN EPS forecast?

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