KMP-UN Stock Analysis: Killam Apartment Real | TO
REIT - Residential | TO, Canada | Market Cap: 2.148m CAD | 12M Return: 5.8% | CA49410M1023 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.87M
Rev. Trend: 99.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Killam Apartment Real Estate Investment Trust is a Canadian REIT that acquires, manages and develops apartment buildings, manufactured home communities and commercial properties. Its operations are based in Halifax, Nova Scotia.
As a residential-focused property trust, Killam’s business includes operating rental housing and collecting rent from residents. Its portfolio also includes manufactured home communities and commercial real estate.
- Same-property rent growth and occupancy support apartment NOI
- Higher borrowing costs increase refinancing expense and pressure distributions
- Provincial rent caps constrain rent increases across key markets
| Net Income: 7.92m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.29 > 1.0 |
| NWC/Revenue: -105.9% < 20% (prev -125.8%; Δ 19.88% < -1%) |
| CFO/TA 0.03 > 3% & CFO 143.4m > Net Income 7.92m |
| Net Debt (2.43b) to EBITDA (75.1m): 32.36 < 3 |
| Current Ratio: 0.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (120.6m) vs 12m ago -0.30% < -2% |
| Gross Margin: 66.51% > 18% (prev 66.52%; Δ -0.01% > 0.5%) |
| Asset Turnover: 6.98% > 50% (prev 6.81%; Δ 0.17% > 0%) |
| Interest Coverage Ratio: 0.88 > 6 (EBIT TTM 74.1m / Interest Expense TTM 84.5m) |
| A: -0.07 (Total Current Assets 57.3m - Total Current Liabilities 471.3m) / Total Assets 5.65b |
| B: 0.30 (Retained Earnings 1.69b / Total Assets 5.65b) |
| C: 0.01 (EBIT TTM 74.1m / Avg Total Assets 5.60b) |
| D: 1.23 (Book Value of Equity 3.11b / Total Liabilities 2.54b) |
| Altman-Z'' = 1.87 = BBB |
| DSRI: 2.24 (Receivables 18.5m/7.99m, Revenue 390.9m/377.7m) |
| GMI: 1.00 (GM 66.52% / 66.51%) |
| AQI: 68.75 (AQ_t 0.99 / AQ_t-1 0.01) |
| SGI: 1.04 (Revenue 390.9m / 377.7m) |
| TATA: -0.02 (NI 7.92m - CFO 143.4m) / TA 5.65b) |
| Beneish M = 38.19 (Cap -4..+1) = D |
As of November 04, 2026, the stock is trading at CAD 17.43 with a total of 235,689 shares traded. Over the past week, the price has changed by +0.24%, over one month by +1.11%, over three months by -5.07% and over the past year by +5.82%.
Current recommended Stop Loss: 16.60 (which is 4.8% or 2.8 ATR below the current price).
Killam Apartment Real has no consensus analysts rating.
P/E Trailing = 350.2
P/E Forward = 13.5501
P/S = 5.4757
P/B = 0.6807
P/EG = 0.8216
Revenue TTM = 390.9m CAD
EBIT TTM = 74.1m CAD
EBITDA TTM = 75.1m CAD
Long Term Debt = 2.04b CAD (from longTermDebt, last quarter)
Short Term Debt = 364.9m CAD (from shortTermDebt, last quarter)
Debt = 2.44b CAD (from shortLongTermDebtTotal, last quarter) + Leases 15.7m
Net Debt = 2.43b CAD (calculated: Debt 2.44b - CCE 9.63m)
Enterprise Value = 4.58b CAD (2.15b + Debt 2.44b - CCE 9.63m)
Interest Coverage Ratio = 0.88 (Ebit TTM 74.1m / Interest Expense TTM 84.5m)
EV/FCF = 77.65x (Enterprise Value 4.58b / FCF TTM 59.0m)
FCF Yield = 1.29% (FCF TTM 59.0m / Enterprise Value 4.58b)
FCF Margin = 15.09% (FCF TTM 59.0m / Revenue TTM 390.9m)
Net Margin = 2.03% (Net Income TTM 7.92m / Revenue TTM 390.9m)
Gross Margin = 66.51% ((Revenue TTM 390.9m - Cost of Revenue TTM 130.9m) / Revenue TTM)
Gross Margin QoQ = 67.72% (prev 63.71%)
Tobins Q-Ratio = 0.81 (Enterprise Value 4.58b / Total Assets 5.65b)
Interest Expense / Debt = 3.46% (Interest Expense 84.5m / Debt 2.44b)
Taxrate = 0.0% (0.0 / 29.4m)
NOPAT = 74.1m (EBIT 74.1m * (1 - 0.00%))
Current Ratio = 0.12 (Total Current Assets 57.3m / Total Current Liabilities 471.3m)
Debt / Equity = 0.78 (Debt 2.44b / totalStockholderEquity, last quarter 3.11b)
Debt / EBITDA = 32.36 (Net Debt 2.43b / EBITDA 75.1m)
Debt / FCF = 41.22 (Net Debt 2.43b / FCF TTM 59.0m)
Total Stockholder Equity = 3.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.14% (Net Income 7.92m / Total Assets 5.65b)
RoE = 0.25% (Net Income TTM 7.92m / Total Stockholder Equity 3.13b)
RoCE = 1.43% (EBIT 74.1m / Capital Employed (Equity 3.13b + L.T.Debt 2.04b))
RoIC = 1.34% (NOPAT 74.1m / Invested Capital 5.54b)
WACC = 4.56% (E(2.15b)/V(4.59b) * Re(5.81%) + D(2.44b)/V(4.59b) * Rd(3.46%) * (1-Tc(0.0)))
Discount Rate = 5.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 10.62 | Cagr: -0.75%
[DCF] Terminal Value 73.10% ; FCFF base≈65.0m ; Y1≈57.0m ; Y5≈46.0m
[DCF] Fair Price = N/A (negative equity: EV 738.9m - Net Debt 2.43b = -1.69b; debt exceeds intrinsic value)
Revenue Correlation: 99.53 | Revenue CAGR: 4.74% | SUE: 0.01 | # QB: 0
EPS current Year (2026-12-31): EPS=1.61 | Chg30d=+17.52% | Revisions=+25% | GrowthEPS=+571.1% | GrowthRev=+3.0%
EPS next Year (2027-12-31): EPS=1.29 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=-19.9% | GrowthRev=+1.9%