Financials Killam Apartment REIT

Equities

KMP.UN

CA49410M1023

Residential REITs

Delayed Toronto S.E. 08:29:05 21/05/2024 pm IST 5-day change 1st Jan Change
17.98 CAD +0.17% Intraday chart for Killam Apartment REIT +3.04% +0.06%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,851 1,764 2,606 1,891 2,123 2,132 - -
Enterprise Value (EV) 1 1,851 1,764 2,606 4,078 4,284 4,355 4,400 2,132
P/E ratio - - - - - - - -
Yield 3.59% 3.97% 2.91% 4.32% 3.9% 3.96% 4.01% -
Capitalization / Revenue 7.66 x 6.74 x 8.96 x 5.75 x 6.1 x 5.81 x 5.45 x 5.39 x
EV / Revenue 7.66 x 6.74 x 8.96 x 12.4 x 12.3 x 11.9 x 11.3 x 5.39 x
EV / EBITDA 12.9 x 11.7 x 15.5 x 21.3 x 20.7 x 19.4 x 18.2 x -
EV / FCF - 32.7 x - 130 x 104 x -544 x -733 x -
FCF Yield - 3.05% - 0.77% 0.97% -0.18% -0.14% -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 97,737 1,03,097 1,10,453 1,16,673 1,18,185 1,18,798 - -
Reference price 2 18.94 17.11 23.59 16.21 17.96 17.95 17.95 17.95
Announcement Date 12/02/20 10/02/21 16/02/22 16/02/23 14/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 241.7 261.7 290.9 328.8 348.2 367 390.9 395.6
EBITDA 1 143.5 150.6 168.3 191.6 206.6 223.9 242 -
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income - - - - - - - -
Net margin - - - - - - - -
EPS - - - - - - - -
Free Cash Flow 1 - 53.86 - 31.41 41.35 -8 -6 -
FCF margin - 20.58% - 9.55% 11.88% -2.18% -1.53% -
FCF Conversion (EBITDA) - 35.78% - 16.4% 20.02% - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.6800 0.6800 0.6867 0.7000 0.7000 0.7100 0.7200 -
Announcement Date 12/02/20 10/02/21 16/02/22 16/02/23 14/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 77 77.46 81.55 85.3 84.53 84.9 86.86 89.53 86.86 87.5 90.95 94.15 94.15 92 95
EBITDA 1 - - - - - - - 56.36 51.97 50.27 56.1 60.4 59 - -
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - - -
Dividend per Share 2 - - - - - - - 0.1800 - - 0.1900 0.1900 0.1900 - -
Announcement Date 16/02/22 04/05/22 10/08/22 08/11/22 16/02/23 03/05/23 09/08/23 07/11/23 14/02/24 07/05/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 2,186 2,161 2,222 2,267 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - 11.41 x 10.46 x 9.926 x 9.367 x -
Free Cash Flow 1 - 53.9 - 31.4 41.3 -8 -6 -
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 12/02/20 10/02/21 16/02/22 16/02/23 14/02/24 - - -
1CAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
17.95 CAD
Average target price
22.08 CAD
Spread / Average Target
+23.03%
Consensus

Quarterly revenue - Rate of surprise

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