
Killam Apartment REIT (KMP.UN:CA) Q4 2025 Earnings Call Transcript
Killam Apartment REIT (KMP.UN:CA) Q4 2025 Earnings Call Transcript
Loading news...

Killam Apartment REIT (KMP.UN:CA) Q4 2025 Earnings Call Transcript

Killam Apartment REIT (OTCMKTS:KMMPF - Get Free Report) has been assigned a consensus rating of "Buy" from the six analysts that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. Separately, Raymond James Financial cut shares of Killam Apartment REIT from a "strong-buy" rating to

Killam Apartment REIT ( KMP.UN:CA ) Q3 2025 Earnings Call November 6, 2025 9:00 AM EST Company Participants Philip Fraser - President, CEO & Executive Trustee Erin Cleveland - Senior Vice President of Finance Dale Noseworthy - Chief Financial Officer Robert Richardson - Executive VP & Trustee Conference Call Participants Michael Markidis - BMO Capital Markets Equity Research Dean Wilkinson - CIBC Capital Markets, Research Division Jonathan Kelcher - TD Cowen, Research Division Mario Saric - Scotiabank Global Banking and Markets, Research Division Kyle Stanley - Desjardins Securities Inc., Research Division Khing Shan - RBC Capital Markets, Research Division Matt Kornack - National Bank Financial, Inc., Research Division Presentation Operator Good morning, ladies and gentlemen. Welcome to the Killam Apartment Real Estate Investment Trust Third Quarter 2025 Financial Results Conference Call.

Killam Apartment REIT shares are down 7% despite strong financials and a 12% rent increase potential, making it attractive. KMP.UN:CA reported a 6.8% AFFO per unit increase, maintains a conservative 40.5% debt-to-assets ratio, and has stable asset values even with higher cap rates. Management sees a clear path to AFFO per share growth, I am projecting C$1.15 in 2026 and C$1.20 in 2027, supporting future dividend increases.

Killam Apartment REIT delivered robust Q2 results, with AFFO per share rising, and strong seasonality is expected to boost H2 performance. The REIT's 4% dividend yield is well-covered, with a conservative 65% payout ratio and substantial retained cash for growth or debt reduction. Lease spreads remain attractive at 13%, signaling future rental income growth and a clear path to higher AFFO and potential distribution increases.

Killam Apartment REIT (OTC:KMMPF) Q2 2025 Earnings Conference Call August 7, 2025 9:00 AM ET Company Participants Aaron Caldwell - Senior Vice President of Finance Dale Noseworthy - Chief Financial Officer Philip D. Fraser - President, CEO & Executive Trustee Robert G.

Killam REIT derives the majority of its revenue from multifamily apartment properties. It is the largest landlord of its kind in Atlantic Canada. We review the first quarter numbers to see if the storyline remains unchanged from our previous coverage.

Killam Apartment REIT (OTC:KMMPF) Q1 2025 Earnings Conference Call May 8, 2025 9:00 AM ET Company Participants Philip Fraser - President and Chief Executive Officer Erin Cleveland - Senior Vice President, Finance Dale Noseworthy - Chief Financial Officer Robert Richardson - Executive Vice President, Trustee Conference Call Participants Michael Markidis - BMO Capital Markets Jonathan Kelcher - TD Cowen Kyle Stanley - Desjardins Group Dean Wilkinson - CIBC Capital Markets Jimmy Shan - RBC Capital Markets Matt Kornack - National Bank Financial Operator Good morning, ladies and gentlemen. And welcome to the Killam Apartment Real Estate Investment Trust First Quarter 2025 Financial Results Conference Call.

Killam Apartment REIT (OTC:KMMPF) Q4 2024 Earnings Conference Call February 13, 2025 9:00 AM ET Company Participants Philip Fraser - President and Chief Executive Officer Erin Cleveland - Senior Vice President, Finance Dale Noseworthy - Chief Financial Officer Robert Richardson - Executive Vice President, Trustee Conference Call Participants Jonathan Kelcher - TD Cowen Brad Sturges - Raymond James Financial, Inc. Kyle Stanley - Desjardins Group Jimmy Shan - RBC Capital Markets Michael Markidis - BMO Capital Markets Matt Kornack - National Bank Financial Sairam Srinivas - Cormark Securities Inc. Dean Wilkinson - CIBC Capital Markets Operator Good morning, ladies and gentlemen. Welcome to the Killam Apartment Real Estate Investment Trust Fourth Quarter 2024 Financial Results Conference Call.

Killam Apartment REIT received a hold rating from us in September this year. The stock has dropped sharply as the primary headwind that we expected, played out. We look at the Q3-2024 numbers, a big fear on population declines and tell you why we bought some.

Killam Apartment REIT (OTC:KMMPF) Q3 2024 Earnings Call November 7, 2024 9:00 AM ET Company Participants Philip Fraser - President and Chief Executive Officer Robert Richardson - Executive Vice President Dale Noseworthy - Chief Financial Officer Erin Cleveland - Senior Vice President, Finance Conference Call Participants Mike Markidis - BMO Capital Markets Mark Rothschild - Canaccord Jonathan Kelcher - TD Cowen Brad Sturges - Raymond James Kyle Stanley - Desjardins Mario Srazek - Scotiabank Matt Kornack - National Bank Sairam Srinivas - Cormark Securities Dean Wilkinson - CIBC Jimmy Shan - RBC Capital Markets Fred Blondeau - Green Street Operator Good morning, ladies and gentlemen. Welcome to the Killam Apartment Real Estate Investment Trust Third Quarter 2024 Financial Results Conference Call.

Killam Apartment REIT's fundamentals have improved, with strong same-property NOI growth and reduced debt. We bought the REIT in June. We exited it recently.

Killam Apartment REIT (OTC:KMMPF) Q2 2024 Results Conference Call August 8, 2024 8:00 AM ET Company Participants Philip Fraser - President, CEO, & Executive Trustee Robert Richardson - EVP & Executive Trustee Dale Noseworthy - CFO Erin Cleveland - SVP, Finance Conference Call Participants Jonathan Kelcher - TC Cowen Gaurav Mathur - Green Street Jimmy Shan - RBC Capital Markets Matt Kornack - National Bank Financial Operator Good morning, ladies and gentlemen. Welcome to the Killam Apartment Real Estate Investment Trust Second Quarter 2024 Financial Results Conference Call.

Killam Apartment REIT (OTC:KMMPF) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Philip Fraser - President, CEO, & Executive Trustee Erin Cleveland - SVP, Finance Dale Noseworthy - CFO Robert Richardson - EVP & Executive Trustee Conference Call Participants Mike Markidis - BMO Capital Markets Mark Rothschild - Canaccord Genuity Jonathan Kelcher - TD Cowen Kyle Stanley - Desjardins Securities Sairam Srinivas - Cormark Securities Jimmy Shan - RBC Capital Markets Matt Kornack - National Bank Financial Dean Wilkinson - CIBC Capital Markets Brad Sturges - Raymond James Operator Good morning, ladies and gentlemen. Welcome to the Killam Apartment Real Estate Investment Trust First Quarter 2024 Financial Results Conference Call.

Killam Apartment REIT (KMMPF) Q4 2023 Earnings Call Transcript

Killam Apartment REIT (OTC:KMMPF) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Philip Fraser - President and Chief Executive Officer Dale Noseworthy - Chief Financial Officer Robert Richardson - Executive Vice President Erin Cleveland - Senior Vice President-Finance Conference Call Participants Jonathan Kelcher - TD Cowen Mike Markidis - BMO Capital Markets Kyle Stanley - Desjardins Matt Kornack - National Bank Gaurav Mathur - iA Capital Markets Sairam Srinivas - Cormark Securities David Chrystal - Echelon Capital Markets Operator Good morning, ladies and gentlemen. Welcome to the Killam Apartment Real Estate Investment Trust Third Quarter 2023 Financial Results Conference Call.

Killam Apartment REIT has managed risk well with laddered debt maturities. Net operating income growth has been more than sufficient to power funds from operations higher despite interest rate headwinds. We give you our buy point for this apartment REIT yielding 4.1%.

Killam Apartment REIT (OTC:KMMPF) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Philip Fraser - President and Chief Executive Officer Erin Cleveland - Senior Vice President of Finance Dale Noseworthy - Chief Financial Officer Robert Richardson - Executive Vice President Conference Call Participants Mark Rothschild - Canaccord Jonathan Kelcher - TD Cowen Mario Saric - Scotiabank Kyle Stanley - Desjardins Michael Markidis - BMO Capital Markets Jimmy Shan - RBC Capital Markets Matt Kornack - National Bank Financial George Huang - Raymond James Sairam Srinivas - Cormark Securities Gaurav Mathur - iA Capital Markets Operator Good morning, ladies and gentlemen. Welcome to the Killam Apartment Real Estate Investment Trust First Quarter 2020 Financial Results Conference Call.

Killam Apartment REIT: Promising But Needs A Larger Margin Of Safety.