Logotype for Killam Apartment REIT

Killam Apartment REIT (KMP-UN) investor relations material

Killam Apartment REIT Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Killam Apartment REIT
Q3 2025 earnings summary6 Nov, 2025

Executive summary

  • Achieved 5.5% same property NOI growth and 3.0% FFO per unit increase year-over-year for Q3-2025, with property revenue up 5.0% to $98.5M and AFFO per unit up 3.6%.

  • Net income for Q3-2025 was $41.9 million, down from $62.7 million in Q3-2024, mainly due to a fair value loss on investment properties.

  • Year-to-date same property NOI growth was 6.6%, with a full-year 2025 target of approximately 6.0%.

  • Asset dispositions totaled $147.6 million year-to-date, meeting the upper end of the $100–$150 million capital recycling target.

  • Development projects remain on track, with The Carrick reaching 80% leasing and two additional projects scheduled for 2026 completion.

Financial highlights

  • FFO per unit (diluted) was $0.34, up 3.0% from Q3-2024; AFFO per unit (diluted) was $0.29, up 3.6%.

  • Same property NOI growth by segment: Apartment 5.5%, MHC 7.5%, Commercial 3.2% for Q3-2025.

  • Combined weighted average rental increase was 4.7%, with a 9.2% lift on turned units and 3.4% on renewals.

  • AFFO payout ratio improved to 69% (down from 72% in Q3-2024).

  • Debt as a percentage of total assets was 40.5% at September 30, 2025.

Outlook and guidance

  • NOI growth for 2025 projected at approximately 6%, with similar steady growth expected into 2026.

  • Management anticipates continued FFO per unit growth from new developments and acquisitions.

  • Expects to break ground on at least one new development in Q4-2025.

  • Leasing spreads expected to remain stable or trend slightly lower, with incentives rising seasonally but remaining targeted.

  • Turnover rate expected to end 2025 at 22%, up from 18% in 2024, and may continue to rise next year.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Killam Apartment REIT earnings date

Logotype for Killam Apartment REIT
Q4 202512 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Killam Apartment REIT earnings date

Logotype for Killam Apartment REIT
Q4 202512 Feb, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Killam Apartment REIT is a Canadian real estate investment trust that owns, operates, and develops multi-residential apartment properties and manufactured home communities. The company’s portfolio spans urban centers across Canada, with a focus on long-term value creation and tenant services. The company is headquartered in Halifax, Canada, and its shares are listed on the TSX.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage