Draft:Killam Apartment REIT
Submission declined on 7 February 2025 by RangersRus (talk).
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
| Submission declined on 7 February 2025 by Ktkvtsh (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by Ktkvtsh 5 months ago.
| |
| Company type | Public (REIT) |
|---|---|
| TSX: KMP.UN | |
| Industry | Real Estate |
| Founded | 2000[1] |
Key people |
|
| Revenue | CA$348.1 million[3] |
| CA$224 million[3] | |
| CA$304.4 million[4] | |
| Total assets | CA$5.4 billion[4] |
| Total equity | CA$2.7 billion[4] |
Number of employees | 750[5] |
| Website | www.killamreit.com |
Killam Apartment Real Estate Investment Trust (REIT) is a Canadian residential real estate investment trust headquartered in Halifax, Nova Scotia. Established to acquire, develop, and manage residential properties, Killam has become one of Canada's five largest residential rental REIT.[6]
History
[edit]In 2000, Killam was founded by Phil Fraser and Rob Richardson, with its first acquisition in 2002 of 149 units with an investment of CAD$10 Million. In 2016, Killam became a REIT.[7] In 2019, Killam ventured into commercial real estate, with the purchase of over 50 percent interest in the Charlottetown Mall,[8] from RioCan REIT in a deal with over CAD$23 Million.[9][10] Just two years later in 2021, Killam purchased the remainder of the interest in the Charlottetown Mall from RioCan, in partnership with Pan American Properties.[11] In 2022, during Canada's Affordable Crisis,[12] Killam Apartment REIT formed a coalition with the five largest publicly traded residential real estate holding companies Canadian Apartment Properties REIT (CAPREIT), Boardwalk REIT, InterRent REIT and Minto Apartment REIT.[13][14] The coalitions mission is to help keep housing affordable for Canadians.[15]As of 2023, they currently own more than 25,000 units, located in seven provinces across Canada.[16]
Portfolio
[edit]As of February 2025, Killam's portfolio is valued at approximately $5.3 billion, encompassing a diverse range of properties across Canada. The REIT owns, operates, and develops a variety of residential properties, including apartments and manufactured home communities.[17]
Geographic Reach
[edit]Killam's properties are located in several Canadian provinces, including:
- Alberta: Calgary, Edmonton, Sherwood Park
- British Columbia: Courtenay, Victoria
- New Brunswick: Dieppe, Fredericton, Moncton, Riverview, Saint John
- Newfoundland and Labrador: Grand Falls-Windsor, St. John's
- Nova Scotia: Bedford, Dartmouth, Halifax
- Ontario: Cambridge, Kanata, Kitchener, London, Mississauga, Ottawa, Toronto, Waterloo
- Prince Edward Island: Charlottetown, Stratford, Summerside
This extensive geographic presence allows Killam to serve a wide range of residents across the country.[18]
Stock Market Information
[edit]Killam Apartment REIT is publicly traded on the Toronto Stock Exchange, under the ticker symbol KMP.UN. As of February 5, 2025, the REIT's stock price was $11.81, with a market capitalization of approximately $1.41 billion and 119 million shares outstanding.[19]
References
[edit]- ^ "Investor FAQ | killam". killamreit.com.
- ^ "Leadership | killam". killamreit.com.
- ^ a b https://killamreit.com/sites/default/files/financial_reports/Killam%20Q4%2012-31-2023%20FS.pdf
- ^ a b c https://killamreit.com/sites/default/files/financial_reports/Killam%20Q3%2009-30-2024%20FS%20-%20Final.pdf
- ^ https://pitchbook.com/profiles/company/59621-68
- ^ https://financialpost.com/globe-newswire/five-major-residential-rental-reits-launch-foraffordable-ca
- ^ https://www.saltwire.com/atlantic-canada/don-mills-killam-apartment-reit-a-real-estate-powerhouse-100899117
- ^ https://malls.fandom.com/wiki/Royalty_Crossing
- ^ https://www.cbc.ca/news/canada/prince-edward-island/p-e-i-killam-properties-purchase-half-of-charlottetown-mall-1.5119870
- ^ https://www.saltwire.com/prince-edward-island/charlottetown-mall-property-will-be-home-to-stores-and-300-new-housing-units-308278
- ^ https://www.cbc.ca/news/canada/prince-edward-island/pei-time-banks-charlottetown-mall-1.6060430
- ^ https://thoughtleadership.rbc.com/brighter-days-ahead-as-home-ownership-costs-go-through-the-roof/
- ^ https://foraffordable.ca/about
- ^ https://financialpost.com/globe-newswire/five-major-residential-rental-reits-launch-foraffordable-ca
- ^ https://financialpost.com/real-estate/simple-plan-boost-canada-affordable-housing-supply
- ^ https://www.saltwire.com/atlantic-canada/don-mills-killam-apartment-reit-a-real-estate-powerhouse-100899117
- ^ https://www.reuters.com/markets/companies/KMP_u.TO/profile
- ^ "Home | killam". killamreit.com.
- ^ "Killam Apartment REIT 2025 Company Profile: Stock Performance & Earnings | PitchBook".
- in-depth (not just brief mentions about the subject or routine announcements)
- reliable
- secondary
- strictly independent of the subject
Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.