TSE:KMP.UN
20.83
0.09
(0.43%)
Analysis and Opinions about KMP.UN-T
Signal
Opinion
Expert
Chart
BUY
BUY
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
BUY
BUY
March 30, 2021
He's generally positive this. They're operated well during the pandemic. About 70% of their portfolio is in Atlantic Canada, which is stable. They've tried growing in Ontario and BC. Their valuation has hung in better than their peers. But he prefers REITs in hard-hit centres like Toronto's and Montreal's business cores Still a good REIT at current levels, though there's better upside elsewhere. The dividend is safe.
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He's generally positive this. They're operated well during the pandemic. About 70% of their portfolio is in Atlantic Canada, which is stable. They've tried growing in Ontario and BC. Their valuation has hung in better than their peers. But he prefers REITs in hard-hit centres like Toronto's and Montreal's business cores Still a good REIT at current levels, though there's better upside elsewhere. The dividend is safe.
HOLD
HOLD
January 28, 2021
Thinks highly of management. Focus on Atlantic, with nice expansion west. Stable operator. Nice value-added strategy. Steady growth. Rebounded nicely off lows. But growth won't be the same as other REITs.
Show full opinionHide full opinionThinks highly of management. Focus on Atlantic, with nice expansion west. Stable operator. Nice value-added strategy. Steady growth. Rebounded nicely off lows. But growth won't be the same as other REITs.
BUY
BUY
January 12, 2021
Killam vs. Crombie REITs Killam holds apartments, an asset class he really likes among REITs. Rent-collection rates are really high for Killam, so no worries about that. All these REITs trade at a 10-15% discount to NAV. Funding costs will drop 1%, because they get funding from CMHC. A hiccup comes from mobile homes which had weakness in the last quarter. Other businesses are fine. CROMBIE: He owns Crombie's debt, not the REIT. This is anchroed by Canadian Safeway and Sobey stores. Highly defensive. Sobeys had an integration problem out west. He likes this as a conservative REIT, but it won't do much. Likes both.
Show full opinionHide full opinionKillam vs. Crombie REITs Killam holds apartments, an asset class he really likes among REITs. Rent-collection rates are really high for Killam, so no worries about that. All these REITs trade at a 10-15% discount to NAV. Funding costs will drop 1%, because they get funding from CMHC. A hiccup comes from mobile homes which had weakness in the last quarter. Other businesses are fine. CROMBIE: He owns Crombie's debt, not the REIT. This is anchroed by Canadian Safeway and Sobey stores. Highly defensive. Sobeys had an integration problem out west. He likes this as a conservative REIT, but it won't do much. Likes both.
PAST TOP PICK
PAST TOP PICK
November 26, 2020
(A Top Pick Oct 31/19, Down 6%) Recently trimmed position. Still sees upside. Collections are resilient. Very attractive price, 15% discount to NAV. Yield over 3.5%.
Show full opinionHide full opinion(A Top Pick Oct 31/19, Down 6%) Recently trimmed position. Still sees upside. Collections are resilient. Very attractive price, 15% discount to NAV. Yield over 3.5%.
HOLD
HOLD
November 10, 2020
Will it do well after a Covid vaccine emerges? They've been collecting all their rents. Good managers. He likes apartment REITs, which are well-positioned. After a vaccine, there will be higher rates of immigration that the government will promote. Immigrants will seek affordable housing, so Killam will benefit. Now, KMP is fairly valued, so hold and be patient.
Show full opinionHide full opinionWill it do well after a Covid vaccine emerges? They've been collecting all their rents. Good managers. He likes apartment REITs, which are well-positioned. After a vaccine, there will be higher rates of immigration that the government will promote. Immigrants will seek affordable housing, so Killam will benefit. Now, KMP is fairly valued, so hold and be patient.
HOLD
HOLD
September 29, 2020
Likes their managers and strategy. They dominate across the Maritimes and have expanded into Ontario, BC, and have a small presence in Calgary. They outperform some apartment REITs, because they lack exposure in urban centres (urban, multi-family REITs have lagged). Killam should stability and growth in the coming year. Problem is that foreign students and movies are not renting in urban areas, and apartments face competition from condo supplies.
Show full opinionHide full opinionLikes their managers and strategy. They dominate across the Maritimes and have expanded into Ontario, BC, and have a small presence in Calgary. They outperform some apartment REITs, because they lack exposure in urban centres (urban, multi-family REITs have lagged). Killam should stability and growth in the coming year. Problem is that foreign students and movies are not renting in urban areas, and apartments face competition from condo supplies.
TOP PICK
TOP PICK
July 8, 2020
Among Canadian apartment REITs, CAP REIT gets all the love, but also the price appreciation. Actually, Killam's chart is nearly identical to CAP REIT year-to-date and pays a healthy 3.88% dividend yield (CAP REIT pays 2.84%). Whereas CAP REIT is centered on Toronto, Killam focuses on Atlantic Canada, namely Halifax and Charlottetown. Another difference is that Killam's properties are newer, so require less capex for upgrading and upkeep. Analyst Michelle Wearing likes its ever-growing dividend. It currently trades $3 shy of its $20.48 price target, and well off its pre-COVID high of $23.37, so there is room to run. However, the chart has been rangebound for the past three months between $16-18, so Killam may need a catalyst to boost it to the next level, perhaps a wider reopening in the Maritimes. Killam is for income investors and those thinking long-term, since the trend toward rentals and away from home ownership won't end anytime soon.
Show full opinionHide full opinionAmong Canadian apartment REITs, CAP REIT gets all the love, but also the price appreciation. Actually, Killam's chart is nearly identical to CAP REIT year-to-date and pays a healthy 3.88% dividend yield (CAP REIT pays 2.84%). Whereas CAP REIT is centered on Toronto, Killam focuses on Atlantic Canada, namely Halifax and Charlottetown. Another difference is that Killam's properties are newer, so require less capex for upgrading and upkeep. Analyst Michelle Wearing likes its ever-growing dividend. It currently trades $3 shy of its $20.48 price target, and well off its pre-COVID high of $23.37, so there is room to run. However, the chart has been rangebound for the past three months between $16-18, so Killam may need a catalyst to boost it to the next level, perhaps a wider reopening in the Maritimes. Killam is for income investors and those thinking long-term, since the trend toward rentals and away from home ownership won't end anytime soon.
BUY
BUY
June 25, 2020
You are looking at quality assets in a quality sector. It is trading at quite a discount to NAV. It has a young portfolio. Every time a tenant leaves their suite you have to put in dollars and the older the building the more you have to put in. He owns it and has been buying it.
Show full opinionHide full opinionYou are looking at quality assets in a quality sector. It is trading at quite a discount to NAV. It has a young portfolio. Every time a tenant leaves their suite you have to put in dollars and the older the building the more you have to put in. He owns it and has been buying it.
BUY
BUY
April 30, 2020
Eastern Canada focused in the multifamily space. He likes the company. This is a sector you want to be invested in. It trades at a discount to its net asset value. It sold off too much.
Show full opinionHide full opinionEastern Canada focused in the multifamily space. He likes the company. This is a sector you want to be invested in. It trades at a discount to its net asset value. It sold off too much.
BUY
BUY
December 10, 2019
The multi-dwelling residential REIT space has been shooting up in markets like Halifax, Quebec and Toronto. KMP is making new developments. He likes this, but it's too expensive. Tailwinds (geographies) are working for KMP.
Show full opinionHide full opinionThe multi-dwelling residential REIT space has been shooting up in markets like Halifax, Quebec and Toronto. KMP is making new developments. He likes this, but it's too expensive. Tailwinds (geographies) are working for KMP.
BUY
BUY
December 2, 2019
It's pulled back recently, so now is a good time to buy. They hold apartments, especially in the east coast, like Halifax and Charlottetown. Well-run.
Show full opinionHide full opinionIt's pulled back recently, so now is a good time to buy. They hold apartments, especially in the east coast, like Halifax and Charlottetown. Well-run.
HOLD
HOLD
November 27, 2019
He thinks KMP is fair valued and he likes the management team. They have diversified outside of Atlantic Canada. There is a rumour that a portfolio is going to happen in the region at 4% unlevered cash return. KMP generates a 6% unlevered return which makes them highly valued.
Show full opinionHide full opinionHe thinks KMP is fair valued and he likes the management team. They have diversified outside of Atlantic Canada. There is a rumour that a portfolio is going to happen in the region at 4% unlevered cash return. KMP generates a 6% unlevered return which makes them highly valued.
TOP PICK
TOP PICK
October 31, 2019
One of Canada's largest residential landlords. Mainly on east coast. Likes that it's a younger portfolio, in a non- rent controlled market. Track record of accretive development activity. Can generate mid-single digit growth. Dividend is well covered. Yield is 3.38%. (Analysts’ price target is $20.77)
Show full opinionHide full opinionOne of Canada's largest residential landlords. Mainly on east coast. Likes that it's a younger portfolio, in a non- rent controlled market. Track record of accretive development activity. Can generate mid-single digit growth. Dividend is well covered. Yield is 3.38%. (Analysts’ price target is $20.77)
BUY
BUY
August 22, 2019
A great REIT which usually raises its dividend. Earnings are growing. But they are more exposed to the east coast, but they are reducing that to buy more in Ontario and Calgary. Their properties are newer, so demand less capex than their peers. Trades at 10% discount to its large-cap peers.
Show full opinionHide full opinionA great REIT which usually raises its dividend. Earnings are growing. But they are more exposed to the east coast, but they are reducing that to buy more in Ontario and Calgary. Their properties are newer, so demand less capex than their peers. Trades at 10% discount to its large-cap peers.
Killam Properties Inc(KMP.UN-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 7
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, 7 stock analysts published opinions about KMP.UN-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. 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 The Monthly Gems by Allan Tong on 2020-07-08. 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?
7 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 2021-07-28, Killam Properties Inc (KMP.UN-T) stock closed at a price of $20.83.
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