The Corporation made an initial public offering of 2,000,000 common shares in the capital of the Corporation.
The Common Shares were listed and posted for trading on the TSX Venture Exchange on December 21, 2000 and the Corporation was established and organized as a Capital Pool Company.
First acquisition completed in February 2002.
Killam ended fiscal 2002 with 331 units in six apartments located in Halifax, Nova Scotia and Moncton and Saint John, New Brunswick.
Killam purchased its first manufactured home community and acquired its first asset in Newfoundland.
During 2003 Killam's acquisitions totaled $45 million, increasing the portfolio to 1,800 units.
Killam Properties graduated to the TSX in April 2003.
Killam completed $167 million in acquisitions in 2004, increasing the total unit count to 6,133 units as at December 31, 2004.
Geographic diversification continued with apartment acquisitions in Charlottetown, Prince Edward Island and Fredericton, New Brunswick and MHC acquisitions in Atlantic Canada and Southern Ontario.
During 2005 Killam continued its consolidation strategy with the acquisition of an additional $200 million of assets representing 5,296 units.
Killam expanded its geographic diversity with the acquisition of an MHC is Saskatoon, Saskatchewan and 12 communities throughout Ontario.
At the end of 2006 Killam's portfolio included 11,429 units, including 6,468 apartment units and 4,961 MHC units, with a total gross value of $466 million.
Growth continued in 2006 with $103 million in acquisitions, increasing capital assets by 28.2%.
Internal growth was realized in 2006 with a 2.6% improvement in year-over-year net operating earnings for properties owned for equivalent periods in 2005 and 2006.
Killam completed the sales of two pieces of surplus land in Halifax for a total gain of $1.1 million.
The Company purchased its first asset in Alberta.
Killam expanded its MHC portfolio through the completion of new sites in two communities in Nova Scotia.
Completed $125 million in acquisitions.
Initiated annualized dividend of $0.56 per share.
Increased same store net operating income by 5.1%.
Continued to add geographic diversification to the portfolio with $32 million in acquisitions outside of Atlantic Canada, including the Company's first property in British Columbia.
Expanded the manufactured home sales segment with the completion of 45 new home sales, contributing to FFO per share growth.
Achieved highest occupancy in its history.
Completed $36 million in acquisitions.
Payed out $19 million in dividends to shareholders.
Increased funds from operations (FFO) by 6.3%.
Completed 83 new manufactured home sales at its recently expanded communities.
Maintained high occupancy throughout the year.
Increased funds from operations per share by 9.0% to $0.73 per share.
Strengthened the balance sheet, reducing gross debt to the gross book value of assets to 65.2%.
Completed $115 million in acquisitions, including Killam's first apartment acquisitions in Ontario
Generated FFO per share of $0.74, compared to $0.73 in 2009.
Achieved 4.8% growth in same store net operating income during the year.
Began construction of Killam's first apartment development.
Completed $106 million in acquisitions.
Completed construction of 49-unit Charlotte Court in Charlottetown, Killam's first apartment development.
Began construction of four other developments, including developments in Halifax, Fredericton, St. John's and Charlottetown.
Increased the dividend by 3.6%.