Killam Apartment REIT Announces Upcoming Monthly Distribution
Exciting News from Killam Apartment REIT
Killam Apartment REIT is poised to excite its investors with an announcement regarding the monthly distribution for September. Unitholders can look forward to a distribution of $0.05833 per unit, reflecting the company’s commitment to delivering value. With pay dates set for October, this initiative reinforces the trust's endeavors in sustaining investor engagement.
Distribution Reinvestment Plan Overview
As part of its ongoing enhancement of shareholder value, Killam Apartment REIT offers a Distribution Reinvestment Plan (DRIP). This plan enables unitholders to reinvest their cash distributions directly into additional units on every distribution payment date. Participants are rewarded with extra units equivalent to 3% of the reinvested amount, allowing them to seamlessly grow their investment in the long term.
Understanding Killam Apartment REIT
Killam Apartment REIT stands tall as one of the largest residential real estate investment trusts in Canada, with a portfolio valued at approximately $5.3 billion. This portfolio encompasses not only apartments but also manufactured home communities across the nation. With headquarters in Halifax, the REIT operates with a clear strategy focused on enhancing value and profitability.
Strategic Priorities for Growth
The strategy of Killam Apartment REIT revolves around three primary priorities: first, increasing earnings from existing operations; second, expanding the portfolio through strategically timed acquisitions and carefully selecting new properties while divesting non-core assets; and finally, developing high-quality properties in key markets. This multifaceted approach showcases the company’s dedication to growth and improvement.
Contact Information for Investors
For investors seeking more information, the company encourages reaching out directly to Claire Hawksworth, CPA, who serves as the Senior Manager of Investor Relations. She is available to address any inquiries via email at chawksworth@killamreit.com or by phone at (902) 442-5322.
Conclusion
Killam Apartment REIT continues to show robust management and strategic planning in the real estate sector. As it announces this latest monthly distribution, it highlights its dedication to providing consistent value to unitholders. With a wide-ranging portfolio and a keen focus on growth, the future looks promising for investors considering this REIT.
Frequently Asked Questions
What is the September distribution amount for Killam Apartment REIT?
The September monthly distribution for Killam Apartment REIT is set at $0.05833 per unit.
When will the distribution be paid to unitholders?
The distribution will be paid on October 15, following the record date of September 27.
What is a Distribution Reinvestment Plan (DRIP)?
A DRIP allows unitholders to reinvest their cash distributions into additional units of the REIT, enhancing their investment without additional cost.
Who can participate in the DRIP?
All eligible unitholders of Killam Apartment REIT can participate in the Distribution Reinvestment Plan.
How can I contact investor relations for more information?
Investors can reach out to Claire Hawksworth via email at chawksworth@killamreit.com or call (902) 442-5322 for inquiries.
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