Killam Apartment REIT Announces October 2024 Distribution
Killam Apartment REIT is excited to share details about its upcoming monthly distribution for October 2024. This distribution, set at $0.05833 per unit, is scheduled for payment on November 15, 2024. Unitholders can expect to receive these payments if they are on record as of October 31, 2024.
Distribution Reinvestment Plan
Furthermore, Killam Apartment REIT offers a distribution reinvestment plan (DRIP) that provides eligible unitholders the opportunity to reinvest their cash distributions on payment dates into additional units. This initiative allows participating unitholders to benefit from an additional distribution that represents 3% of the reinvested amount. This plan is a great way for investors to increase their holdings over time.
About Killam Apartment REIT
Headquartered in Halifax, Nova Scotia, Killam Apartment REIT stands as one of the largest residential real estate investment trusts in Canada, boasting a portfolio valued at approximately $5.3 billion. With a focus on owning, operating, and developing residential properties, Killam has established a solid reputation in the real estate sector.
Strategic Growth Initiatives
Killam’s growth strategy rests on three key priorities: first, increasing earnings from current operations, second, expanding the portfolio through strategic acquisitions of new properties while divesting from non-core assets, and third, developing high-quality properties within its established markets. These strategies are central to enhancing the trust’s value and profitability, reflecting a commitment to long-term success.
Contact Information for Investors
For further inquiries regarding investments or shareholder assistance, reach out to:
Claire Hawksworth, CPA
Senior Manager, Investor Relations
Email: chawksworth@killamreit.com
Phone: (902) 442-5322
Frequently Asked Questions
What is the distribution amount for October 2024?
The distribution amount for October 2024 is set at $0.05833 per unit.
When will the distribution be paid to unitholders?
The distribution will be paid on November 15, 2024, to unitholders on record as of October 31, 2024.
What is the DRIP offered by Killam Apartment REIT?
The DRIP allows eligible unitholders to reinvest their cash distributions into additional units, gaining an extra 3% of the reinvested amount.
What are the primary goals of Killam Apartment REIT?
Killam aims to increase earnings from current operations, strategically expand its portfolio, and develop high-quality properties.
Who can I contact for more information about Killam?
You can contact Claire Hawksworth, Senior Manager of Investor Relations, via email at chawksworth@killamreit.com or call (902) 442-5322.
