Markets.News
Killam Apartment REIT reported its financial results for Q2-2024, showing a steady performance. They achieved a same-property NOI growth of 8.5%, with net income remaining unchanged at $114.5 million. The company generated $59.9 million in NOI, a 6.6% increase from Q2-2023. FFO and AFFO per unit remained consistent at $0.30 and $0.25, respectively. Killam completed the sale of properties in Ontario and PEI for $19.2 million and $8.4 million, respectively. Debt as a percentage of total assets was at 41.2%, the lowest in the company's history. They plan to reach $50 million in dispositions in 2024.