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Killam Properties Inc (KMP.UN-T)
TSE:KMP.UN
16.76
0.21
(1.27%) 1d
Financials
Technical Analysis
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Most Anticipated Earnings: IFC-T, MTLO-X and more Canadian Companies Reporting Earnings this Week (Feb 10-14)Weekly 52-Week Low (or 52-Week High): BB-T, AEM-T, DOO-T, TSU-T and More 52-Week Highs and Lows (Jan 29-Feb 04)Weekly 52-Week Low (or 52-Week High): BB-T, AEM-T, DOO-T, TSU-T and More 52-Week Highs and Lows (Jan 29-Feb 04)This summary was created by AI, based on 3 opinions in the last 12 months.
Killam Properties Inc (KMP.UN-T) is currently trading at an interesting discount to its net asset value (NAV), providing an attractive opportunity for investors. The consensus among experts suggests that the stock's decline may be attributed to concerns over curtailed immigration, as the company has a substantial 60% of its portfolio based in Atlantic Canada. Despite this, the company is actively diversifying into Ontario and British Columbia, with 44% of its assets being exempt from rent control, presenting potential for growth. The recent performance has been encouraging, and falling interest rates are expected to positively impact business. Overall, experts have a positive outlook on the company, anticipating good results and potential for both dividend increases and capital appreciation.
$18.960
Owned
20% discount to NAV. Very good portfolio. Originated in eastern Canada, has moved west. Comfortable owning, but better opportunities elsewhere. See his Top Picks.
Very good performance the past few months. Falling interest rates good for business. Good way to play residential market in Canada. Expecting dividend to rise. If rates fall, will be even better for business. Expecting capital appreciation going forward.
KMP.un's second-quarter funds from operations (FFO) per unit came in at $0.30, an increase of 7.1% year-over-year. The company reported a net income of $114.5 million, against $68.7 million reported in the second quarter of 2022, beating estimates by a wide margin ($30.4 million). The jump was attributed to $96.2 million of fair value gains on investment properties in the period. KMP generated a net operating income of $56.2 million, an 8.8% increase from 2Q22. The rolling 12-month adjusted FFO payout ratio shrank by a full 2% to 73% in the recent quarter. Same-property net operating income growth came in at 7.9%, matching the management target. We think it was a decent quarter and management spoke about market rent growth in certain areas and a focus on development and disposition of assets.
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The recent property acquisition was well received by the market. The $190M purchase looks good and 5i likes the expansion into Ontario to diversify the business. Occupancy rate is high at 98% and average rent is $1,200. Unlock Premium - Try 5i Free
Killam Properties Inc(KMP.UN-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
Killam Properties Inc(KMP.UN-T) Frequently Asked Questions
What is Killam Properties Inc stock symbol?
Killam Properties Inc is a Canadian stock, trading under the symbol KMP.UN-T on the Toronto Stock Exchange (KMP.UN-CT). It is usually referred to as TSX:KMP.UN or KMP.UN-T
Is Killam Properties Inc a buy or a sell?
In the last year, 3 stock analysts published opinions about KMP.UN-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Killam Properties Inc.
Is Killam Properties Inc a good investment or a top pick?
Killam Properties Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Killam Properties Inc.
Why is Killam Properties Inc stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Killam Properties Inc worth watching?
3 stock analysts on Stockchase covered Killam Properties Inc In the last year. It is a trending stock that is worth watching.
What is Killam Properties Inc stock price?
On 2025-02-10, Killam Properties Inc (KMP.UN-T) stock closed at a price of $16.76.
Now trading at an interesting level, over 15% discount to NAV. Fallen perhaps because of announcement on immigration being curtailed. 60% of portfolio in Atlantic Canada, actively diversifying in Ontario and BC. Likes that 44% of assets are not subject to rent control. Expecting results to be good. Stay the course.