Killam Apartment REIT Un ( ($TSE:KMP.UN) ) has provided an update.
Killam Apartment REIT has announced a monthly distribution of $0.06 per unit for January 2025, payable on February 18, 2025, to unitholders recorded by January 31, 2025. The company also offers a distribution reinvestment plan (DRIP) that allows eligible unitholders to reinvest cash distributions into additional units, with an added 3% distribution of units, reinforcing its commitment to expanding shareholder value. This announcement underscores Killam’s ongoing strategy to augment shareholder returns and maintain its strong position within the residential real estate sector.
More about Killam Apartment REIT Un
Killam Apartment REIT, headquartered in Halifax, Nova Scotia, is a leading Canadian residential real estate investment trust. The company manages a substantial portfolio valued at $5.3 billion, comprising apartments and manufactured home communities. Killam’s strategic focus lies in enhancing profitability through increasing earnings from current operations, expanding and geographically diversifying its portfolio via acquisitions, and developing high-quality properties in key markets.
YTD Price Performance: -2.10%
Average Trading Volume: 307,087
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$2.01B
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