Killam Apartment REIT (TSE:KMP.UN) Plans Monthly Dividend of $0.06

Key Points

• Killam Apartment REIT declared a monthly dividend of C$0.06 per share, payable November 16 to investors of record that day. The dividend annualizes to C$0.72 per share and represents a 4.1% yield.
• KMP.UN shares opened at C$17.36 and were down 0.5%, trading between a 52-week range of C$15.65 to C$19.21. The REIT has a market capitalization of approximately C$2.08 billion.
• For its latest quarter, Killam reported C$0.53 in earnings per share and C$99.16 million in revenue; analysts expect full-year EPS of C$1.29.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) declared a monthly dividend on Friday, October 30th. Investors of record on Monday, November 16th will be paid a dividend of $0.06 per share on Monday, November 16th. This represents a $0.72 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, October 30th.

Killam Apartment REIT Trading Down 0.5%

Shares of KMP.UN stock opened at C$17.36 on Wednesday. Killam Apartment REIT has a 1-year low of C$15.65 and a 1-year high of C$19.21. The firm's 50-day simple moving average is C$17.58 and its 200-day simple moving average is C$17.65. The firm has a market cap of C$2.08 billion, a P/E ratio of 258.01 and a beta of 0.79. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported C$0.53 earnings per share for the quarter. The business had revenue of C$99.16 million for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. As a group, equities analysts forecast that Killam Apartment REIT will post 1.29 EPS for the current year.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating and developing a $5.4 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions which target newer properties and through the disposition of non-core assets, and 3) developing high-quality properties in its core markets.

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