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Owns multi-family apartments and manufactured home communities, concentrated in Atlantic Canada.
Owns multi-family apartments and manufactured home communities, concentrated in Atlantic Canada.
Collects rent from tenants on mostly annual apartment leases and land-lease fees at its manufactured home communities, where residents own their homes but pay to keep them on its land. It also builds new apartments itself, and pays out most income to unitholders as a REIT.
Moat: narrow (scale, installed base). Leading apartment owner in Atlantic Canada, a market with limited new supply and high barriers to entry.
Headquarters: Halifax, Canada · Employees: 715
Size Killam Apartment REIT (KMP-UN.TO) is a Canada Real Estate company (Real Estate Investment Trusts) with a market value of $1.51B, the 206th largest of 420 Canada companies the cockpit tracks. Shares closed at C$17.65 on 6 Nov 2026.
Performance Over six months the shares fell 3.2%, against -5.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 4.8% over the last twelve months (peer median +3.3%); the operating margin is 62.9% (peer median 52.3%).
Valuation It trades at 0.68× book value against a peer median of 0.95× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 6.6%; Killam Apartment REIT delivers 0.3%, so the price asks more than the business earns today.
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$391M | C$383M | C$363M | C$346M | C$331M |
| Revenue growth | — | +5% | +5% | +5% | — |
| Gross profit | C$261M | C$254M | C$238M | C$221M | C$208M |
| EBITDA | C$247M | C$236M | C$223M | C$195M | C$223M |
| Net income | C$7.92M | C$29.4M | C$668M | C$266M | C$123M |
| Free cash flow | C$59.0M | C$66.3M | C$66.2M | C$41.3M | C$31.4M |
| Capital expenditure | C$84.4M | C$79.6M | C$93.9M | C$98.4M | C$93.9M |
| Total debt | C$2.43B | C$2.32B | C$2.21B | C$2.26B | C$2.27B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Killam Apartment REIT KMP-UN.TO | $1.51B | -3% | +5% | 0% | 0.68× | 6.6% |
| Canadian Apartment Properties Real Estate Investment Trust CAR-UN.TO | $3.45B | -14% | -7% | -2% | 0.58× | 6.0% |
| Boardwalk Real Estate Investment Trust BEI-UN.TO | $2.21B | -5% | +3% | -1% | 0.66× | 6.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KMP-UN.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.9% | +0.5% | 8th highest of 21 |
| 6-month return | -3.2% | -5.5% | 8th highest of 20 |
| Return on equity | 0.2% | 5.8% | 3rd lowest of 19 |
| Price / book | 0.68× | 0.95× | 3rd cheapest of 21 |
| Trailing P/E | 574.9× | 16.8× | most expensive of 16 |
| ROE the price implies | 6.6% | 7.8% | 9th least demanding of 21 |
| ROE delivered | 0.3% | 6.2% | 2nd lowest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Killam Apartment REIT KMP-UN.TO | Canada | $1.51B | -3% | +5% | 0% | 0.68× | 6.6% | 0.3% |
| Innovative Industrial Properties IIPR | United States | $1.51B | -4% | -4% | 7% | 0.89× | 10.8% | 7.4% |
| Japan Logistics Fund 8967.T | Japan | $1.52B | -8% | +3% | 9% | 1.70× | 6.6% | 9.4% |
| OUE Real Estate Investment Trust TS0U.SI | Singapore | $1.50B | -5% | +7% | 1% | 0.62× | 4.4% | 1.1% |
| Supermarket Income REIT SUPR.L | United Kingdom | $1.54B | +4% | -7% | 8% | 0.94× | 9.1% | 7.8% |
| MORI TRUST REIT.Inc 8961.T | Japan | $1.48B | -13% | -14% | 6% | 1.00× | 5.2% | 5.6% |
| Ingenia Communities INA.AX | Australia | $1.48B | +36% | +8% | 11% | 1.22× | 12.4% | 11.2% |
| CBL & Associates Properties CBL | United States | $1.46B | 0% | +9% | 61% | 3.43× | 33.7% | 60.6% |
| Empire State Realty OP LP Series ES ESBA | United States | $1.46B | -6% | +2% | 5% | 0.84× | 10.8% | n/a |
| Ellington Financial EFC | United States | $1.45B | -17% | +30% | 12% | 0.82× | 8.6% | 12.3% |
| Centurion Accommodation REIT 8C8U.SI | Singapore | $1.45B | -3% | -69% | 1% | 1.22× | 6.0% | n/a |
| LaSalle LOGIPORT REIT 3466.T | Japan | $1.45B | -10% | +71% | 6% | 1.19× | 4.8% | 6.2% |
| Emperador Properties SOCIMI YEPSA.MC | Spain | $1.44B | +14% | +7% | -2% | 2.84× | 10.5% | n/a |
| Global Net Lease GNL | United States | $1.58B | -26% | -30% | -1% | 0.96× | 9.9% | -1.0% |
| Lendlease Global Commercial REIT JYEU.SI | Singapore | $1.44B | -3% | +4% | 5% | 0.78× | 4.4% | 5.1% |
| Charter Hall Retail REIT CQR.AX | Australia | $1.59B | +6% | +31% | 14% | 0.78× | 8.7% | 13.9% |
| Blackstone Digital Infrastructure Trust BXDC | United States | $1.61B | n/a | n/a | n/a | 0.83× | 7.3% | n/a |
| CNAMC China Resources Commercial Asset Closed Infrastructure Real Estate Investment Trust 180601.SZ | China | $1.41B | -6% | n/a | n/a | 1.51× | 4.4% | n/a |
| Safestore SAFE.L | United Kingdom | $1.67B | -13% | +7% | 3% | 0.55× | 8.4% | 2.9% |
| Mori Hills Reit Investment 3234.T | Japan | $1.36B | -14% | -1% | 6% | 1.07× | 4.5% | 5.9% |
| AEON REIT Investment 3292.T | Japan | $1.36B | -19% | +1% | 5% | 0.89× | 4.1% | 5.3% |