Killam Apartment REIT Announces February 2025 Distribution

Date/time : 2025-02-18 03:00 PM
Symbol :

KMP.UN

Company : Killam Apartment Real Estate Investment Trust
Price : 16.19
Market cap : 1,931,082,718
O/S : 119,313,112
Exchange :

TSX

Industry :

Residential REITs

Full story

Killam Apartment REIT Announces February 2025 Distribution

Canada NewsWire

HALIFAX, NS , Feb. 18, 2025 /CNW/ - Killam Apartment REIT (TSX: KMP.UN) is pleased to announce its February 2025 monthly distribution. The distribution of $0.06 per unit will be paid on March 17, 2025 , to unitholders of record on February 28, 2025 .

Killam Apartment REIT offers a distribution reinvestment plan (the "DRIP"). Eligible unitholders may reinvest their cash distributions, on each distribution payment date, in additional units. Participating unitholders will receive an additional distribution of units representing 3% of the amount of the distribution reinvested pursuant to the DRIP.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia , is one of Canada's largest residential real estate investment trusts, owning, operating, and developing a $5.4 billion portfolio of apartments and manufactured home communities. Killam's strategy is to enhance value and profitability by focusing on three priorities: 1) increase earnings from existing operations, 2) expand the portfolio and diversify geographically through accretive acquisitions, targeting newer properties and dispositions of non-core asset, and 3) develop high-quality properties in its core markets.

For information, please contact:

Claire Hawksworth, CPA
Senior Manager, Investor Relations
chawksworth@killamreit.com
(902) 442-5322

Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

SOURCE Killam Apartment Real Estate Investment Trust

Cision View original content: http://www.newswire.ca/en/releases/archive/February2025/18/c4119.html