
- Killam Apartment REIT reported a fourth-quarter FFO (Funds from Operations) per unit of C$0.29, missing the estimate of C$0.30 but slightly above the previous year’s C$0.28.
- Same property net operating income (NOI) increased by 7.5% in the fourth quarter.
- Total property revenue reached C$92.6 million, marking a 6.6% year-over-year increase, but fell short of the C$93.4 million estimate.
- Net operating income for the quarter was C$61.1 million, which exceeded the estimate of C$61 million and represented an 8.2% year-over-year increase.
- A significant non-cash accounting entry of $279.0 million was recorded in net income due to the reversal of accumulated deferred taxes under Killam’s new structural plan.
- The company’s internal plan of arrangement, completed in Q4-2024, simplifies the organizational structure and minimizes exposure to potential corporate taxation.
- Killam’s same property portfolio achieved 8.4% NOI growth in 2024, driven by a 6.2% revenue increase and a 150 basis-point improvement in gross margin.
- Analyst ratings for Killam Apartment REIT include 11 buy recommendations, 1 hold, and no sell ratings.
A look at Killam Apartment Real Estate I Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Killam Apartment Real Estate Investment Trust is positioned favorably for the long term. With a top score in the Value category, the company is deemed to have strong fundamental value relative to its market price. Additionally, Killam Apartment Real Estate I also scored well in Dividend and Growth, indicating a healthy dividend yield and potential for future expansion. While its Resilience score was moderate, suggesting a certain level of stability, and Momentum was decent, showcasing a steady trend in performance.
Killam Apartment Real Estate Investment Trust, operating in the real estate sector in Canada, shows promise for investors looking for a balanced mix of value, income, and growth potential. With a solid foundation in property acquisition, development, and management, the company is well-positioned for long-term success based on its overall Smart Scores evaluation.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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