Killam Apartment REIT Announces New Monthly Distribution
Killam Apartment REIT (TSX: KMP) is pleased to share an update regarding its upcoming distribution for November 2025. The monthly distribution is set at $0.06 per unit, scheduled for payment on December 15, 2025. This payment will be made to unitholders on record by November 28, 2025.
Distribution Reinvestment Plan (DRIP)
An interesting feature for eligible unitholders is the distribution reinvestment plan, commonly known as the "DRIP." This program allows participants to reinvest their cash distributions to purchase additional units. It’s a beneficial option as participating unitholders may receive an extra distribution of units that represents 3% of the total amount of their reinvested distribution.
Overview of Killam Apartment REIT
Killam Apartment REIT, headquartered in Halifax, is recognized as one of the largest residential real estate investment trusts in Canada. The REIT boasts a robust portfolio valued at approximately $5.5 billion, encompassing numerous apartments and manufactured home communities. Killam’s core strategy to boost value and profitability includes prioritizing several key areas: enhancing earnings from current operations, strategically expanding their portfolio with specific acquisitions that focus on newer properties, and developing high-quality properties in crucial markets.
Commitment to Investors
Killam Apartment REIT is committed to maintaining a transparent relationship with its investors. This commitment is evident in their proactive communication regarding distributions and strategic plans moving forward. As they continue to navigate the real estate market, unitholders can expect updates that reflect the company's performance and future initiatives.
Contact Information
For further inquiries about Killam Apartment REIT, please 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 November 2025?
The distribution amount is set at $0.06 per unit for November 2025.
When will the distribution be paid?
The distribution will be paid on December 15, 2025, to unitholders on record by November 28, 2025.
What is the DRIP program?
The Distribution Reinvestment Plan allows eligible unitholders to reinvest their cash distributions in additional units and receive an extra distribution of 3% of the reinvested amount.
Where is Killam Apartment REIT based?
Killam Apartment REIT is based in Halifax, Nova Scotia, Canada.
Who can I contact for more information?
You can contact Claire Hawksworth, Senior Manager of Investor Relations, at (902) 442-5322 or via email.