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Killam Apartment REIT Un (TSE:KMP.UN)
:KMP.UN
Holding TSE:KMP.UN?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -6.73%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with notable growth in FFO, NOI, and occupancy rates. Despite challenges with increased costs and specific market softness, Killam is well-positioned with a low debt ratio and positive contributions from new developments. The company is optimistic about future growth and strategic capital recycling.Company Guidance
During the Killam Apartment Real Estate Investment Trust Q3 2024 earnings call, the management provided guidance highlighting several key metrics. The REIT achieved a 3.1% increase in FFO per unit, reaching $0.33, supported by a 7.4% same-property NOI growth. The debt-to-total asset ratio was reduced to 40.7%, marking the lowest in the company's history. The occupancy rate for the same-property apartment portfolio was robust at 97.9%. Additionally, the REIT experienced a 7.2% increase in rents in September 2024 compared to the previous year, despite a slight uptick in vacancy. The REIT's total operating margin improved by 180 basis points, reflecting strategic dispositions and new developments with higher margins. Looking forward, the REIT anticipates further contributions to FFO from newly completed developments and plans to increase its CMHC-insured mortgages from 76.2% to 85% by 2025, aiming to reduce borrowing costs and improve debt management.Increase in FFO Per Unit
Killam delivered FFO per unit of $0.33 in Q3 2024, a 3.1% increase from Q3 2023.
Strong Same-Property NOI Growth
Achieved 7.4% same-property NOI growth in Q3 2024, with a target of 8% for the year.
Record Low Debt-to-Total Asset Ratio
Ended Q3 with a debt-to-total asset ratio of 40.7%, the lowest in Killam's operating history.
High Occupancy Rates
Same-property apartment occupancy ended the quarter at 97.9%.
Fair Value Gains on Investment Properties
Reported fair value gains of $51.3 million on investment properties in Q3.
Strong Rental Demand
Achieved an average rent increase of over 20% for units that turned over in Q3.
Positive FFO Contributions from New Developments
Reported FFO contributions from three recently completed developments, with more expected as full occupancy is reached.
Planned Dispositions and Capital Recycling
Sold properties worth $39.5 million, with plans to exceed a $50 million target for 2024.
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TSE:KMP.UN Earnings History
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
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TSE:KMP.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$17.98 | C$18.29 | +1.72% |
| Aug 07, 2024 | C$18.27 | C$18.20 | -0.38% |
| May 07, 2024 | C$16.52 | C$16.77 | +1.51% |
| Feb 14, 2024 | C$18.95 | C$18.85 | -0.53% |
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.
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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 Feb 12, 2025, TBA Not Confirmed.
What is Killam Apartment REIT Un (TSE:KMP.UN) earnings time?
Killam Apartment REIT Un (TSE:KMP.UN) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:KMP.UN EPS forecast?
Currently, no data Available
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