TSE:KMP.UN
16.01
0.21
(1.29%)
Killam Properties Inc
KMP.UN-T
Analysis and Opinions about KMP.UN-T
Signal
Opinion
Expert
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 opinion
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.
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.
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.
Show full opinionHide full opinionIt'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.
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.
Show full opinionHide full opinionThis 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.
BUY
BUY
August 16, 2018
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.
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.
DON'T BUY
DON'T BUY
August 14, 2018
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%.
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%.
COMMENT
COMMENT
December 8, 2017
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.
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.
PAST TOP PICK
PAST TOP PICK
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.
(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.
PAST TOP PICK
PAST TOP PICK
June 16, 2017
(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.
(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.
Killam Properties Inc(KMP.UN-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 6
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, 6 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 HOLD. 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 2020-09-29. 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?
6 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 2020-10-30, Killam Properties Inc (KMP.UN-T) stock closed at a price of $16.01.
