Killam Apartment REIT Un (KMP.UN) AI Stock Analysis

• Market Cap: C$2.07B
• Dividend Yield: 4.21%
• Average Volume (3M): 272.56K
• Price to Earnings (P/E): 3.7
• Beta (1Y): 0.80
• Revenue Growth: 5.82%
• EPS Growth: 83.08%
• Country: CA
• Employees: 495
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): 0.27
• Shares Outstanding: 121,257,620
• 10 Day Avg. Volume: 205,938
• 30 Day Avg. Volume: 272,559
• PEG Ratio: 0.02
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 5.76
• P/FCF Ratio: 31.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$21.30
• Price Target Upside: 24.56% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: C$20.00 ▲(16.96% Upside)

Killam Apartment REIT Un's strong financial performance and attractive valuation are the most significant factors driving its score. While technical analysis shows mixed signals, the positive earnings call outlook supports future growth. Challenges in turnover rates and rental incentives are noted but do not overshadow the overall positive financial health and valuation.

Positive Factors

Revenue Growth

Consistent NOI growth indicates strong demand and effective management, supporting long-term revenue stability and expansion potential.

Sustainability Initiatives

Investing in sustainability reduces energy costs and enhances operational efficiency, aligning with long-term environmental trends and cost savings.

Strategic Acquisitions

Strategic acquisitions expand the portfolio and market presence, driving future growth and diversification in key urban markets.

Negative Factors

Increased Turnover Rates

Higher turnover rates can increase operational costs and reduce occupancy stability, potentially impacting long-term profitability.

Rising Rental Incentives

Increased reliance on rental incentives may pressure margins and signal competitive challenges in certain markets, affecting long-term returns.

Interest Expense Increase

Rising interest expenses can strain cash flow and reduce financial flexibility, impacting the ability to fund future growth initiatives.

Killam Apartment REIT Un Business Overview & Revenue Model

Company Description

Killam Apartment REIT is a real estate investment trust (REIT) focused on the acquisition, development, and management of multi-family residential properties across Canada. The company primarily operates in the rental housing sector, providing high-quality apartment homes and residential communities. Its portfolio includes a diverse range of properties, including urban, suburban, and student housing, catering to various demographics and lifestyle needs.

How the Company Makes Money

Killam Apartment REIT generates revenue primarily through rental income from its portfolio of residential properties. The company leases its apartment units to tenants, collecting monthly rents, which form the bulk of its income. Additionally, Killam benefits from property management fees and ancillary services related to its properties, such as parking and storage rentals. The REIT also engages in strategic acquisitions and developments, enhancing its portfolio and potentially increasing revenue. Strong occupancy rates, effective management, and market demand for rental housing are key factors that contribute to its earnings, while partnerships with local developers and community organizations may also play a role in expanding its market presence.

Killam Apartment REIT Un Financial Statement Overview

Summary

Killam Apartment REIT Un demonstrates strong financial performance with high profitability margins and effective cash flow management. The balance sheet is healthy with manageable leverage, and the company shows solid returns on equity. However, revenue growth has slowed, which slightly tempers the overall financial outlook.

Income Statement

Killam Apartment REIT Un demonstrates strong profitability with a high gross profit margin of 66.36% and a robust net profit margin of 149.32% in the TTM. The company has shown consistent revenue growth, albeit at a slower rate recently. EBIT and EBITDA margins are also strong, indicating efficient operations.

Balance Sheet

The balance sheet reflects a healthy financial position with a moderate debt-to-equity ratio of 0.69, suggesting manageable leverage. Return on equity is solid at 18.38%, indicating effective use of equity capital. The equity ratio is stable, reflecting a balanced asset structure.

Cash Flow

Cash flow analysis shows positive trends with a significant free cash flow growth rate of 228.4% in the TTM. The operating cash flow to net income ratio is moderate, suggesting room for improvement in cash conversion efficiency. The free cash flow to net income ratio is healthy, indicating good cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	377.68M	367.04M	349.96M	330.64M	291.98M	262.33M
Gross Profit	251.24M	242.87M	225.85M	208.71M	184.29M	164.50M
EBITDA	229.55M	223.51M	206.22M	193.79M	166.44M	150.62M
Net Income	561.20M	667.84M	266.32M	122.52M	285.51M	146.02M
Balance Sheet
Total Assets	5.55B	5.44B	5.09B	4.86B	4.58B	3.78B
Cash, Cash Equivalents and Short-Term Investments	10.83M	13.21M	14.09M	9.15M	6.48M	2.56M
Total Debt	2.21B	2.21B	2.19B	2.21B	2.06B	1.69B
Total Liabilities	2.35B	2.35B	2.60B	2.59B	2.47B	2.01B
Stockholders Equity	3.20B	3.09B	2.48B	2.27B	2.11B	1.77B
Cash Flow
Free Cash Flow	73.97M	66.23M	41.35M	31.41M	64.05M	53.86M
Operating Cash Flow	156.47M	160.14M	139.73M	125.33M	140.86M	123.51M
Investing Cash Flow	-107.21M	-124.95M	-70.05M	-277.11M	-497.22M	-357.90M
Financing Cash Flow	-48.83M	-36.84M	-64.88M	154.38M	354.87M	224.40M

Killam Apartment REIT Un Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KMP.UN, the sentiment is Negative. The current price of 17.1 is below the 20-day moving average (MA) of 17.48, below the 50-day MA of 17.69, and below the 200-day MA of 17.48, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 36.17 is Neutral, neither overbought nor oversold. The STOCH value of 20.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:KMP.UN.

Killam Apartment REIT Un Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KMP.UN	78 Outperform	C$2.07B	3.69	19.03%	4.21%	5.82%	83.08%
BEI.UN	76 Outperform	C$3.38B	9.54	6.62%	2.46%	8.12%	-50.95%
MI.UN	71 Outperform	C$486.85M	7.04	5.89%	3.91%	-0.69%	―
MRG.UN	68 Neutral	C$898.29M	7.40	6.37%	4.42%	3.83%	63.32%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
CAR.UN	61 Neutral	C$5.93B	74.79	0.88%	4.09%	-2.56%	―
IIP.UN	58 Neutral	C$1.87B	-10.78	-7.49%	2.97%	1.56%	-9446.15%

Killam Apartment REIT Un Corporate Events

Killam Apartment REIT Boosts ESG Performance with Improved GRESB Score

Killam Apartment REIT announced a significant improvement in its GRESB score, achieving 82 out of 100 for its ESG performance, marking a three-point increase from the previous year. This improvement reflects Killam’s commitment to sustainability through initiatives like reducing energy consumption, enhancing waste reporting, increasing building certifications, and providing ESG training to employees, which collectively enhance value for residents, investors, and communities.

The most recent analyst rating on ($TSE:KMP.UN) stock is a Buy with a C$19.50 price target. To see the full list of analyst forecasts on Killam Apartment REIT Un stock, see the TSE:KMP.UN Stock Forecast page.

Killam Apartment REIT Declares October 2025 Distribution with Reinvestment Options

Killam Apartment REIT has announced its October 2025 monthly distribution of $0.06 per unit, payable on November 17, 2025, to unitholders of record as of October 31, 2025. The company offers a distribution reinvestment plan allowing eligible unitholders to reinvest their distributions into additional units, with a 3% bonus in units for reinvested amounts. This announcement underscores Killam’s commitment to providing value to its stakeholders and enhancing its financial strategies through reinvestment options.

The most recent analyst rating on ($TSE:KMP.UN) stock is a Buy with a C$24.00 price target. To see the full list of analyst forecasts on Killam Apartment REIT Un stock, see the TSE:KMP.UN Stock Forecast page.

Killam Apartment REIT to Announce Q3 2025 Financial Results

Killam Apartment REIT announced the release of its Q3 2025 financial results, scheduled for November 5, 2025, after the Toronto Stock Exchange closes. A webcast and conference call will follow on November 6, 2025, to discuss the results and current business initiatives. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction.

The most recent analyst rating on ($TSE:KMP.UN) stock is a Buy with a C$20.00 price target. To see the full list of analyst forecasts on Killam Apartment REIT Un stock, see the TSE:KMP.UN Stock Forecast page.

Killam Apartment REIT Declares September 2025 Distribution

Killam Apartment REIT has announced a September 2025 monthly distribution of $0.06 per unit, payable on October 15, 2025, to unitholders of record as of September 29, 2025. The company offers a distribution reinvestment plan allowing eligible unitholders to reinvest their cash distributions in additional units, with an additional 3% distribution of units for those participating. This announcement reflects Killam’s ongoing strategy to enhance value and profitability through strategic financial management and stakeholder engagement.

The most recent analyst rating on ($TSE:KMP.UN) stock is a Buy with a C$20.50 price target. To see the full list of analyst forecasts on Killam Apartment REIT Un stock, see the TSE:KMP.UN Stock Forecast page.

Killam Apartment REIT Announces August 2025 Distribution

Killam Apartment REIT has announced its August 2025 monthly distribution of $0.06 per unit, payable on September 15, 2025, to unitholders of record on August 29, 2025. The company offers a distribution reinvestment plan that allows eligible unitholders to reinvest their cash distributions in additional units, with a 3% bonus in units for those participating. This announcement reflects Killam’s ongoing commitment to providing value to its stakeholders and enhancing the profitability of its extensive real estate portfolio.

The most recent analyst rating on ($TSE:KMP.UN) stock is a Hold with a C$20.50 price target. To see the full list of analyst forecasts on Killam Apartment REIT Un stock, see the TSE:KMP.UN Stock Forecast page.

Killam Apartment REIT Un: Strong Q2 Performance Amid Challenges

Killam Apartment REIT Un’s recent earnings call painted a picture of robust financial health, underscored by notable increases in key performance metrics such as Funds from Operations (FFO), Net Operating Income (NOI), and rental rates. The company is actively pursuing strategic initiatives to enhance operational efficiencies and manage debt effectively. However, the call also acknowledged certain challenges, including reduced occupancy, increased turnover, and the potential impact of the Sun Life lease termination.

Killam Apartment REIT Reports Strong Q2-2025 Financial Performance

Killam Apartment REIT announced strong financial results for Q2-2025, highlighting a 6.0% increase in same property revenue and a 6.7% growth in net operating income compared to the previous year. The company continues to benefit from its capital recycling program, using proceeds from property sales to invest in newer, more efficient buildings, which has contributed to an 8.0% increase in adjusted funds from operations per unit. Additionally, Killam’s strategic acquisitions and developments, such as the 114-unit property in Fredericton and the sustainable Carrick development in Waterloo, underscore its commitment to growth and sustainability. The company’s improved debt metrics, with a debt-to-total assets ratio of 39.6%, further strengthen its financial position.

The most recent analyst rating on ($TSE:KMP.UN) stock is a Hold with a C$20.50 price target. To see the full list of analyst forecasts on Killam Apartment REIT Un stock, see the TSE:KMP.UN Stock Forecast page.