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Investor Facts

Killam Properties Inc. is one of Canada's largest residential landlords, owning and operating 167 apartment properties and 35 manufactured home communities (MHCs). Since its first real estate acquisition in 2002, Killam has grown by consolidating Atlantic Canada's urban apartment market and the Canadian MHC market. Today Killam owns and manages a total of 12,822 apartment units and 5,164 MHC sites.


Over the last twelve years Killam has built an established portfolio of properties and a strong operating platform. Management is committed to building on this foundation; maximizing the return on Killam's assets, and continuing to grow geographically with accretive acquisitions in Canada.

 

Some of Investor Relations most frequently asked questions:


What kind of real estate assets does Killam own?


Killam owns multi-family residential apartments in the six largest cities in Atlantic Canada and in London, Cambridge, Ottawa and Toronto, Ontario. Killam's manufactured home communities (“MHC”) (also referred to as land lease communities) are in Atlantic Canada and in Ontario. In 2013, 86% of Killam’s net operating income (“NOI”) was generated from the apartment business and 14% from the MHC business.


How many properties does Killam own?

Killam owns 202 properties, including 167 apartment properties and 35 manufactured home communities. Killam has a total of 17,986 units, including 12,822 apartment units and 5,164 MHC units. 


Where are Killam’s properties located?


Killam’s apartments are located in the six largest cities in Atlantic Canada, including:

 

  • Halifax, Nova Scotia

  • Saint John, New Brunswick

  • Moncton, New Brunswick

  • Fredericton, New Brunswick

  • St. John’s, Newfoundland

  • Charlottetown, Prince Edward Island


Killam also has apartments in Ontario, including the following cities:

  • Ottawa

  • London

  • Cambridge

  • Toronto


Killam’s manufactured home communities are located in Nova Scotia, Ontario, Newfoundland and New Brunswick.


Where is Killam headquartered?


Killam is headquartered in Halifax, Nova Scotia.


How long has Killam been consolidating the apartment market in Atlantic Canada?


Killam has been actively consolidating the apartment market in Atlantic Canada for over twelve years, since its first acquisitions in February 2002.


Does management expect to continue to grow through external acquisitions?


Yes, management expects to continue to grow through acquisitions. Killam expects to acquire a minimum of $75 million of properties in 2014.  During 2013 Killam completed $121 million in acquisitions.  Killam is complementing its acquistion growth with developments.  In 2013 Killam completed $69 million in developments and in 2014 has two new developments underway, with a total expected cost of $47 million.


Are there still opportunities for Killam to continue grow through acquisition in Atlantic Canada?


Yes, there continue to be opportunities for Killam to grow through acquisition in Atlantic Canada. There are approximately 73,000 rental units in Killam’s core markets. Killam believes it has the potential to increase its market share within its core markets to 15%, from its current level of approximately 13%. Management is interested in expanding the apartment portfolio outside of Atlantic Canada, and will look for accretive acquisition opportunities in Ontario. Killam now has a base of assets in Ontario, including apartment properties in Ottawa, Toronto, London and Cambridge.


Why does Killam invest in manufactured home communities?


Management believes that a manufactured home community (MHC) portfolio is a strong complement to its apartment portfolio. MHCs, also referred to as trailer parks or land-lease communities, are a stable and predictable asset class with occupancy levels of approximately 98% and low turnover of approximately 1%. MHC tenants own their own homes and lease the land on which their home is located, for an average monthly rent of $222.


Does Killam pay a dividend?


Yes, Killam pays an annualized dividend of $0.60 per share, paid monthly. The monthly dividend is $0.05 per share. The annualized dividend was increased from $0.58 per share in December 2013.


Does Killam have a dividend reinvestment plan (DRIP)?


Yes, Killam does have a dividend reinvestment plan. The Plan provides eligible shareholders with the opportunity to reinvest their cash dividends, on each dividend payment date, in additional common shares at the average market price of such shares. Participating shareholders also receive a “bonus” distribution of common shares representing 3% of the amount of the dividend reinvested pursuant to the Plan, based on the volume weighted average market price of Killam stock for 10 days preceding the dividend payment date. For more information on the DRIP please go to the ‘Stock Information’ section of the Investors portion of the website.


Is Killam exploring conversion to a real estate investment trust?


Killam is structured as a corporation, not a real estate investment trust (REIT) like many of its peers. Killam has the potential to convert to a REIT, and may explore that opportunity in the future.


What is Killam’s stock ticker symbol?


Killam’s stock is traded on the Toronto Stock Exchange (TSX) under the symbol KMP.


Killam’s convertible debentures trade on the TSX on under the symbols KMP.DB.A and KMP.DB.B.


How many common shares are outstanding?


As at March 31, 2014 there were 54.7 million common shares outstanding. 


When was Killam incorporated?


Killam was incorporated in May 2000 and completed its first acquisition in February 2002.


How can I contact Killam Properties Investor Relations?


Please contact Ms. Dale Noseworthy, Vice President, Investor Relations and Corporate Planning, with questions relating to Killam Properties.
Phone: 902-442-0388
Email: dnoseworthy@killamproperties.com
Address: 3700 Kempt Road, Suite 100
Halifax, Nova Scotia
B3K 4X8


How do I contact Killam’s transfer agent?

Computershare Investor Services Inc. is Killam’s transfer agent. Computershare can be contacted at 1-800-564-6253 or at www.computershare.com.

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