Buy, Sell or Hold: Killam Properties Inc (KMP.UN-T) — Stock Predictions at Stockchase

Killam Properties Inc (KMP.UN-T)

TSE:KMP.UN

16.40

0.10 (0.61%) 1d

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)

Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Killam Properties Inc (KMP.UN-T) is currently trading at an intriguing level, with a notable 15-20% discount to its net asset value (NAV). This decline in share price may be attributed to recent announcements regarding immigration restrictions, which have affected investor sentiment. Despite these challenges, the company's portfolio remains strong, featuring a significant 60% allocation in Atlantic Canada, while actively diversifying into Ontario and British Columbia. A favorable aspect is that 44% of their assets are not subject to rent control, which could offer resilience against regulatory changes. Analysts express cautious optimism, suggesting that while the results are expected to be good, there might be better investment opportunities elsewhere.

Consensus

Cautious

Valuation

Undervalued

Similar

TC Energy, TRP-T

HOLD

Reports on November 5.

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.

HOLD

20% discount to NAV. Very good portfolio. Originated in eastern Canada, has moved west. Comfortable owning, but better opportunities elsewhere. See his Top Picks.

BUY

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.

PARTIAL BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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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BUY

Highest immigration to maritime provinces in Canada ever(own lots of properties in maritimes). Excellent dividend yield with discount to net asset value. Superior return to buying a GIC. Would recommend buying.

BUY ON WEAKNESS

Allan Tong’s Discover Picks Killam pays a higher dividend of 4.18% and trades at only a 7.61x PE, down from 9.25X nearly a year ago. Like CAP REIT, Killam’s forward PE is substantially higher at 16.67x, so the market has high hopes for this REIT stocks . Last month, TD raised its price target on the name from $21 to $22 and issued a buy signal. Read 3 Promising REIT Stocks for our full analysis.

HOLD

He's never really liked CAP.UN. His proxy is KMP.UN, focused in Nova Scotia. Growth profile of immigration coming into Halifax.

BUY

Allan Tong’s Discover Picks Other numbers look healthy for KMP stock: A 9.6% PE, a 3.15% dividend based on a 26% payout ratio (half the sector’s number), and an ROI of 7% which is in-line with peers. KMP.UN boasts five buys and one hold on Bay Street with a $23.33 price target. That’s 5.18% higher. So, add the divvy and in a year, you’ll collect 8.33%. Maximize your gain by holding this in your TFSA. Safe and profitable, KMP.UN will let you sleep at night. Read 3 Long Term Growth Stocks for our full analysis.

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

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

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.

BUY

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.

PAST TOP PICK

(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

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.

HOLD

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.

Showing 1 to 15 of 156 entries

Killam Properties Inc(KMP.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

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, 2 stock analysts published opinions about KMP.UN-T. 0 analysts 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?

2 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 2025-04-15, Killam Properties Inc (KMP.UN-T) stock closed at a price of $16.4.

Killam Properties Inc (KMP.UN-T)

TSE:KMP.UN

Killam Properties Inc(KMP.UN-T)

Killam Properties Inc(KMP.UN-T)

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Killam Properties Inc(KMP.UN-T)

Killam Properties Inc(KMP.UN-T)

Killam Properties Inc(KMP.UN-T) Rating

Killam Properties Inc(KMP.UN-T) Frequently Asked Questions

What is Killam Properties Inc stock symbol?

Is Killam Properties Inc a buy or a sell?

Is Killam Properties Inc a good investment or a top pick?

Why is Killam Properties Inc stock dropping?

Is Killam Properties Inc worth watching?

What is Killam Properties Inc stock price?

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