Killam Properties Inc (KMP.UN-T) Stock Predictions - Stockchase
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Killam Properties Inc (KMP.UN-T)

ON STOCKCHASE SINCE Nov 2003

They buy residential properties in Eastern Canada.

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Killam Properties Inc

KMP.UN-T

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Killam Properties Inc (KMP.UN-T) SAVE Dec, 10, 2018, 3:27 pm

16.92 0.05 (0.3%)

What the experts are saying about KMP.UN-T



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Signal Opinion Expert
HOLD
This is benefiting from the trend towards renting by the residential space. Canadians have not had good rental options provided by landlords offering real services to their tenants.
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This is benefiting from the trend towards renting by the residential space. Canadians have not had good rental options provided by landlords offering real services to their tenants.
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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$16.360
Owned Owned
No

BUY

Good management, assets and balance sheet. Killam is enjoying the housing shortage by capturing growth in rentals. The stock has run quite a bit, so maybe trim a bit here. There's still room to grow. Killam picks up existing apartment
buildings then injects some money into them.

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Good management, assets and balance sheet. Killam is enjoying the housing shortage by capturing growth in rentals. The stock has run quite a bit, so maybe trim a bit here. There's still room to grow. Killam picks up existing apartment
buildings then injects some money into them.

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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$15.970
Owned Owned
Unknown

DON'T BUY

He's been watching this. They had a strong quarter, but it's well-valued already. He needs to see more upside. If rates rise, this will get hurt. Then again, apartment rentals are needed. Killam is paying only a 4.1% yield and he prefers those at least 6%.

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He's been watching this. They had a strong quarter, but it's well-valued already. He needs to see more upside. If rates rise, this will get hurt. Then again, apartment rentals are needed. Killam is paying only a 4.1% yield and he prefers those at least 6%.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$15.770
Owned Owned
No

COMMENT

Doesn’t know this very well. REITs is a very hot field. A lot of people are saying apartments are the way to go. Thinks there are some major things that might hit the economy such as huge debt loads, both government and personal. Also, real estate prices have gone up like crazy, although they have cooled to some degree, but could still fall quite a bit.

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Doesn’t know this very well. REITs is a very hot field. A lot of people are saying apartments are the way to go. Thinks there are some major things that might hit the economy such as huge debt loads, both government and personal. Also, real estate prices have gone up like crazy, although they have cooled to some degree, but could still fall quite a bit.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$14.420
Owned Owned
No

PAST TOP PICK
Killam Properties Inc(KMP.UN-T) 

September 28, 2017

(A Top Pick Sept 23/16. Up 13%.) At the time, it was cheap relative to its peers. It also had a good growth rate relative to its peers. Halifax is turning the corner and continues to shine. Their growth rate of 5.5% is a little less than it was then at 7%-8%. Their multiple is a little more expensive. This is still a Hold.

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(A Top Pick Sept 23/16. Up 13%.) At the time, it was cheap relative to its peers. It also had a good growth rate relative to its peers. Halifax is turning the corner and continues to shine. Their growth rate of 5.5% is a little less than it was then at 7%-8%. Their multiple is a little more expensive. This is still a Hold.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$13.180
Owned Owned
Yes

PAST TOP PICK

(A Top Pick June 17/16. Up 8%.) He could see good growth at a reasonable price and trading at a multiple that was in line with the market, and yet at a higher growth rate. It was levered to Halifax which had turned the corner. There is probably more to go on this one. Leverage on the balance sheet is still a little high.

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(A Top Pick June 17/16. Up 8%.) He could see good growth at a reasonable price and trading at a multiple that was in line with the market, and yet at a higher growth rate. It was levered to Halifax which had turned the corner. There is probably more to go on this one. Leverage on the balance sheet is still a little high.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$12.880
Owned Owned
Yes

COMMENT

Apartment REITs have done very well lately. He likes this a lot, because it has always traded at a discount to its peer group. It’s always tended to have a little higher leverage. Buying more properties in Ontario as well as reducing the debt on its balance sheet, and yet it has not received the multiple pick up. A great story for a re-rating.

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Apartment REITs have done very well lately. He likes this a lot, because it has always traded at a discount to its peer group. It’s always tended to have a little higher leverage. Buying more properties in Ontario as well as reducing the debt on its balance sheet, and yet it has not received the multiple pick up. A great story for a re-rating.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$13.140
Owned Owned
Yes

TOP PICK

In the Maritimes, but they have been developing in Ontario, and have recently been expanding into Alberta as well. He likes the apartment REITs. They have all kind of run, however this one is at a significant discount and doing very well. It has been lowering its debt. They still have a convertible outstanding that should be paid off, so he does expect an equity offering sometime in the next 6 months or so. Dividend yield of 4.87%. (Analysts’ price target is $13.80.)

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In the Maritimes, but they have been developing in Ontario, and have recently been expanding into Alberta as well. He likes the apartment REITs. They have all kind of run, however this one is at a significant discount and doing very well. It has been lowering its debt. They still have a convertible outstanding that should be paid off, so he does expect an equity offering sometime in the next 6 months or so. Dividend yield of 4.87%. (Analysts’ price target is $13.80.)

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$12.430
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Jan 21/16. Up 22.33%.) Had thought the Halifax fundamentals might be turning the corner, which they have. Still trades at a discount to their apartment peers and they are growing faster. Apartment REITs are an asset class you can own in a rising interest rate environment.

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(A Top Pick Jan 21/16. Up 22.33%.) Had thought the Halifax fundamentals might be turning the corner, which they have. Still trades at a discount to their apartment peers and they are growing faster. Apartment REITs are an asset class you can own in a rising interest rate environment.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$11.960
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Jan 21/16. Up 22.52%.) He chose this because it was very cheap at the time. He was looking for catalysts Halifax occupancy to turn and for them to change from a corporation into a REIT, giving them more liquidity. He still likes the name and the growth rate. It is cheap for its rate of growth. Debt load is improving. Still a Buy.

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(A Top Pick Jan 21/16. Up 22.52%.) He chose this because it was very cheap at the time. He was looking for catalysts Halifax occupancy to turn and for them to change from a corporation into a REIT, giving them more liquidity. He still likes the name and the growth rate. It is cheap for its rate of growth. Debt load is improving. Still a Buy.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$12.130
Owned Owned
Yes

TOP PICK
Killam Properties Inc(KMP.UN-T) 

September 23, 2016

This has an in-line valuation relative to their peers, yet it is growing at around 8% FFO over the next couple of years. A good growth at a reasonable price. Dividend yield of 4.89%.

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This has an in-line valuation relative to their peers, yet it is growing at around 8% FFO over the next couple of years. A good growth at a reasonable price. Dividend yield of 4.89%.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$12.250
Owned Owned
Yes

TOP PICK

This was trading at a discount for some time, because it didn’t have exposure to the strong “Calgary” market and their debt was a little bit high. They brought their debt down and they still don’t have exposure to Calgary, which is a good thing now. There is some good growth in Halifax now. Also, has some Ontario exposure. A little concerned about supply in Halifax coming on, but the reality is, this does not deserve to trade at the discount that it has in the past. Thinks it should be a $14 stock. Dividend yield of 4.78%.

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This was trading at a discount for some time, because it didn’t have exposure to the strong “Calgary” market and their debt was a little bit high. They brought their debt down and they still don’t have exposure to Calgary, which is a good thing now. There is some good growth in Halifax now. Also, has some Ontario exposure. A little concerned about supply in Halifax coming on, but the reality is, this does not deserve to trade at the discount that it has in the past. Thinks it should be a $14 stock. Dividend yield of 4.78%.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$12.560
Owned Owned
Yes

TOP PICK

A really good growth name at a reasonable price. Has had a big run since January, but there is more to go. He models that it grows 10% annually for the next couple of years. That growth rate is much better than the sector average of around 4%, and yet this is trading at an in-line multiple of around 16X. The 4.87% dividend is supported by 76% payout ratio that is steadily improving.

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A really good growth name at a reasonable price. Has had a big run since January, but there is more to go. He models that it grows 10% annually for the next couple of years. That growth rate is much better than the sector average of around 4%, and yet this is trading at an in-line multiple of around 16X. The 4.87% dividend is supported by 76% payout ratio that is steadily improving.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$12.460
Owned Owned
Yes

HOLD

Owns a little. Canadian REITs have bounced off the bottom during the last couple of months, in part because of higher oil prices and higher commodity prices. That has benefited the entire sector. This operates in an area where rents are not regulated.

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Owns a little. Canadian REITs have bounced off the bottom during the last couple of months, in part because of higher oil prices and higher commodity prices. That has benefited the entire sector. This operates in an area where rents are not regulated.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$11.720
Owned Owned
Yes

BUY

Just reported and beat on some metrics. This is the right time to own this company. It is focused out East where vacancy rates are dropping and there is stability. They seem to have executed on what they promised in the last several years. Thinks it is on the cheap side. Trading at about 11X price to AFFO. Yield of 5.6%.

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Just reported and beat on some metrics. This is the right time to own this company. It is focused out East where vacancy rates are dropping and there is stability. They seem to have executed on what they promised in the last several years. Thinks it is on the cheap side. Trading at about 11X price to AFFO. Yield of 5.6%.

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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$10.840
Owned Owned
Yes

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