Killam Apartment REIT Unveils Monthly Distribution Strategy
Killam Apartment REIT Announces Monthly Distribution
Killam Apartment REIT is pleased to announce its monthly distribution plan. The Canadian real estate investment trust will be providing a distribution of $0.06 per unit for the month of February 2025. This amount will be made available to unitholders who record their holdings by the end of February. The payments are set to be distributed on March 17, 2025, ensuring ongoing support for its investors.
Understanding the Distribution Reinvestment Plan (DRIP)
In addition to the monthly distributions, Killam Apartment REIT offers a distribution reinvestment plan, often referred to as DRIP. This program allows eligible unitholders to reinvest their cash distributions into additional units of the REIT. On each distribution payment date, participants can opt to receive an added benefit, which includes receiving extra units equivalent to 3% of the distribution amount they choose to reinvest. This program not only aids in building a larger asset base but also enhances the potential for long-term capital growth.
Profile of Killam Apartment REIT
Killam Apartment REIT, headquartered in Halifax, is recognized as one of Canada's largest residential real estate investment trusts. The trust manages a portfolio valued at $5.4 billion, encompassing a variety of apartments and manufactured home communities. Killam's operational strategy revolves around three key priorities aimed at enhancing both value and profitability. These include maximizing earnings from existing operations, expanding and diversifying the portfolio through strategic acquisitions, and developing high-quality properties in prime markets.
Future Growth and Strategic Direction
As Killam’s management team looks towards the future, they emphasize the significance of their growth strategy. By focusing on increasing the profitability of currently owned properties and seeking new acquisition opportunities, Killam is positioned to capture market dynamics effectively. The focus is not just on expansion, but also on maintaining the quality of the assets within their portfolio, ensuring that each investment is aligned with the company’s long-term vision.
Contact Information for Investors
For further inquiries related to the REIT’s operations or investment strategies, interested parties can reach out to Claire Hawksworth, Senior Manager of Investor Relations. She can be contacted via email at chawksworth@killamreit.com or by phone at (902) 442-5322. Claire is available to address any questions that unitholders and potential investors may have regarding upcoming distributions or overall strategy.
Frequently Asked Questions
What is the upcoming distribution amount from Killam Apartment REIT?
The upcoming distribution amount is $0.06 per unit for February 2025.
When will the distribution payment be made?
The distribution payment will be made on March 17, 2025, to unitholders on record as of February 28, 2025.
What is the DRIP program offered by Killam Apartment REIT?
The DRIP program allows unitholders to reinvest their cash distributions into additional units and earn an extra distribution corresponding to 3% of their reinvested amounts.
What does Killam Apartment REIT specialize in?
Killam Apartment REIT specializes in owning, operating, and developing residential properties, including apartments and manufactured home communities across Canada.
How can I contact Killam Apartment REIT for investor inquiries?
Investors can contact Claire Hawksworth via email at chawksworth@killamreit.com or call (902) 442-5322 for assistance.
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