An announcement from Killam Apartment REIT Un ( ($TSE:KMP.UN) ) is now available.
Killam Apartment REIT reported strong financial performance for Q4 2024 and the full year, highlighted by an 8.4% growth in same property net operating income and a 2.6% increase in funds from operations per unit. The company completed a strategic internal reorganization to enhance cash flow and minimize tax exposure, and it plans to continue capital recycling by increasing non-core asset sales to strengthen its balance sheet and fund future developments.
More about Killam Apartment REIT Un
Killam Apartment REIT operates in the real estate investment trust (REIT) industry, primarily focusing on residential rental properties. The company is involved in the development, acquisition, and management of apartment buildings in Canada, with a notable presence in Halifax, NS and Waterloo, ON.
YTD Price Performance: -2.29%
Average Trading Volume: 339,862
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$2.01B
For detailed information about KMP.UN stock, go to TipRanks’ Stock Analysis page.