Killam Properties Inc

KMP.UN-T

Analysis and Opinions about KMP.UN-T

Signal
Opinion
Expert
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.
Andrew Moffs
Price
$18.580
Owned
Unknown
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.
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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.
Andrew Moffs
Price
$17.950
Owned
Unknown
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.
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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.
Paul Gardner, CFA
Price
$17.210
Owned
Unknown
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%.
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(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%.
Michelle Wearing
Price
$17.920
Owned
Yes
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.
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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.
Andrew Moffs
Price
$17.350
Owned
Unknown
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.
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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.
Andrew Moffs
Price
$17.190
Owned
Unknown
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.
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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.
Andrew Moffs
Price
$17.200
Owned
Yes
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.
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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.
Andrew Moffs
Price
$17.260
Owned
Unknown
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.
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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.
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.
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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.
Joshua Varghese
Price
$19.910
Owned
Unknown
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.
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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.
Jeffrey F. Olin
Price
$19.690
Owned
Unknown
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)
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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)
Michelle Wearing
Price
$19.270
Owned
Yes
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.
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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.
Michelle Wearing
Price
$20.620
Owned
Yes
DON'T BUY
DON'T BUY
April 29, 2019
It's expensive like all apartment REITs. They've diversified a lot over recent years which has made it more stable. He is very negative on Canadian real estate. There will be less home ownership in the future, which will be a tailwind for Killam, but he expects the values of these properties will decline.
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It's expensive like all apartment REITs. They've diversified a lot over recent years which has made it more stable. He is very negative on Canadian real estate. There will be less home ownership in the future, which will be a tailwind for Killam, but he expects the values of these properties will decline.
James Hodgins
Price
$18.740
Owned
No
HOLD
HOLD
December 5, 2018
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.
Showing 1 to 15 of 146 entries

Killam Properties Inc(KMP.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 8

Stockchase rating for Killam Properties Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 8 stock analysts published opinions about KMP.UN-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Andrew Moffs on 2021-03-30. 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?

8 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 2021-04-13, Killam Properties Inc (KMP.UN-T) stock closed at a price of $19.35.