Killam Apartment Real Estate Investment Trust
Killam Apartment REIT based in Halifax, Nova Scotia (NS), is a Canadian multi-residential property owner, owning, operating, managing and developing a 5.4 billion dollars portfolio of apartments, manufactured home communities (MHCs) and commercial properties across seven provinces. Killam was founded in 2000 to create value through the consolidation of apartments in Atlantic Canada (ATL) and MHCs… Read more
Killam Apartment Real Estate Investment Trust (KMP-UN) - Net Assets
Latest net assets as of December 2025: CA$3.06 Billion CAD
Based on the latest financial reports, Killam Apartment Real Estate Investment Trust (KMP-UN) has net assets worth CA$3.06 Billion CAD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.51 Billion) and total liabilities (CA$2.44 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$3.06 Billion |
| % of Total Assets | 55.63% |
| Annual Growth Rate | 40.82% |
| 5-Year Change | 45.1% |
| 10-Year Change | 308.23% |
| Growth Volatility | 288.28 |
Killam Apartment Real Estate Investment Trust - Net Assets Trend (2000–2025)
This chart illustrates how Killam Apartment Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Killam Apartment Real Estate Investment Trust (2000–2025)
The table below shows the annual net assets of Killam Apartment Real Estate Investment Trust from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$3.06 Billion | -0.85% |
| 2024-12-31 | CA$3.09 Billion | +24.46% |
| 2023-12-31 | CA$2.48 Billion | +9.21% |
| 2022-12-31 | CA$2.27 Billion | +7.67% |
| 2021-12-31 | CA$2.11 Billion | +19.41% |
| 2020-12-31 | CA$1.77 Billion | +10.35% |
| 2019-12-31 | CA$1.60 Billion | +37.08% |
| 2018-12-31 | CA$1.17 Billion | +20.79% |
| 2017-12-31 | CA$967.72 Million | +28.95% |
| 2016-12-31 | CA$750.47 Million | +9.50% |
| 2015-12-31 | CA$685.33 Million | +3.42% |
| 2014-12-31 | CA$662.68 Million | +9.70% |
| 2013-12-31 | CA$604.06 Million | +2.66% |
| 2012-12-31 | CA$588.44 Million | +14.81% |
| 2011-12-31 | CA$512.54 Million | +146.00% |
| 2010-12-31 | CA$208.35 Million | +17.58% |
| 2009-12-31 | CA$177.20 Million | +2.31% |
| 2008-12-31 | CA$173.19 Million | -10.67% |
| 2007-12-31 | CA$193.88 Million | +80.10% |
| 2006-12-31 | CA$107.65 Million | +13.51% |
| 2005-12-31 | CA$94.84 Million | +21.63% |
| 2004-12-31 | CA$77.97 Million | +154.65% |
| 2003-12-31 | CA$30.62 Million | +258.99% |
| 2002-12-31 | CA$8.53 Million | +1474.44% |
| 2001-12-31 | CA$541.74K | -7.87% |
| 2000-12-31 | CA$588.05K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Killam Apartment Real Estate Investment Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 162956213300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.63 Billion | 53.19% |
| Common Stock | CA$1.43 Billion | 46.81% |
| Total Equity | CA$3.06 Billion | 100.00% |
Killam Apartment Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Killam Apartment Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Kalbe Farma Tbk
PINK:PTKFF
|
$1.36 Billion |
|
Shandong Weigao Group Medical Polymer Company Limited
F:UK2
|
$1.36 Billion |
|
Peker Gayrimenkul Yatirim Ortakligi AS
IS:PEKGY
|
$1.36 Billion |
|
Fujian Funeng Co Ltd
SHG:600483
|
$1.36 Billion |
|
Progyny Inc
NASDAQ:PGNY
|
$1.36 Billion |
|
Zeon Corporation
PINK:ZEOOY
|
$1.36 Billion |
|
Technogym SpA
LSE:0RG1
|
$1.36 Billion |
|
Qi An Xin Technology Group Inc
SHG:688561
|
$1.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Killam Apartment Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,089,952,000 to 3,063,647,000, a change of -26,305,000 (-0.9%).
- Net income of 29,412,000 contributed positively to equity growth.
- Dividend payments of 63,106,000 reduced retained earnings.
- Share repurchases of 2,484,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$29.41 Million | +0.96% |
| Dividends Paid | CA$63.11 Million | -2.06% |
| Share Repurchases | CA$2.48 Million | -0.08% |
| Other Changes | CA$9.87 Million | +0.32% |
| Total Change | CA$- | -0.85% |
Book Value vs Market Value Analysis
This analysis compares Killam Apartment Real Estate Investment Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 33.02x to 0.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | CA$0.50 | CA$16.35 | x |
| 2001-12-31 | CA$0.47 | CA$16.35 | x |
| 2002-12-31 | CA$2.41 | CA$16.35 | x |
| 2003-12-31 | CA$4.34 | CA$16.35 | x |
| 2004-12-31 | CA$5.33 | CA$16.35 | x |
| 2005-12-31 | CA$4.68 | CA$16.35 | x |
| 2006-12-31 | CA$5.16 | CA$16.35 | x |
| 2007-12-31 | CA$6.46 | CA$16.35 | x |
| 2008-12-31 | CA$5.15 | CA$16.35 | x |
| 2009-12-31 | CA$4.88 | CA$16.35 | x |
| 2010-12-31 | CA$4.41 | CA$16.35 | x |
| 2011-12-31 | CA$9.62 | CA$16.35 | x |
| 2012-12-31 | CA$9.88 | CA$16.35 | x |
| 2013-12-31 | CA$9.18 | CA$16.35 | x |
| 2014-12-31 | CA$9.85 | CA$16.35 | x |
| 2015-12-31 | CA$10.65 | CA$16.35 | x |
| 2016-12-31 | CA$11.06 | CA$16.35 | x |
| 2017-12-31 | CA$12.01 | CA$16.35 | x |
| 2018-12-31 | CA$13.58 | CA$16.35 | x |
| 2019-12-31 | CA$16.71 | CA$16.35 | x |
| 2020-12-31 | CA$16.92 | CA$16.35 | x |
| 2021-12-31 | CA$18.91 | CA$16.35 | x |
| 2022-12-31 | CA$18.99 | CA$16.35 | x |
| 2023-12-31 | CA$20.41 | CA$16.35 | x |
| 2024-12-31 | CA$25.10 | CA$16.35 | x |
| 2025-12-31 | CA$24.60 | CA$16.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Killam Apartment Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.68%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.80x
- Recent ROE (0.96%) is below the historical average (5.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -1.38% | -813300.00% | 0.00x | 1.04x | CA$-66.94K |
| 2001 | -8.55% | 0.00% | 0.00x | 1.02x | CA$-100.48K |
| 2002 | 0.98% | 5.71% | 0.07x | 2.36x | CA$-769.50K |
| 2003 | -0.31% | -1.86% | 0.07x | 2.49x | CA$-3.16 Million |
| 2004 | 0.30% | 1.22% | 0.08x | 3.11x | CA$-7.56 Million |
| 2005 | 0.01% | 0.01% | 0.10x | 4.95x | CA$-9.48 Million |
| 2006 | -3.49% | -5.30% | 0.12x | 5.47x | CA$-14.52 Million |
| 2007 | -2.79% | -6.15% | 0.12x | 3.73x | CA$-24.79 Million |
| 2008 | -2.89% | -4.78% | 0.14x | 4.26x | CA$-22.33 Million |
| 2009 | -1.04% | -1.71% | 0.15x | 4.17x | CA$-19.56 Million |
| 2010 | -0.06% | -0.11% | 0.14x | 4.08x | CA$-20.96 Million |
| 2011 | 13.17% | 52.07% | 0.10x | 2.65x | CA$15.86 Million |
| 2012 | 8.99% | 38.08% | 0.09x | 2.51x | CA$-5.81 Million |
| 2013 | 6.73% | 27.71% | 0.09x | 2.59x | CA$-19.29 Million |
| 2014 | 4.60% | 19.90% | 0.08x | 2.74x | CA$-35.01 Million |
| 2015 | 5.16% | 20.56% | 0.09x | 2.80x | CA$-32.41 Million |
| 2016 | 9.06% | 38.52% | 0.09x | 2.65x | CA$-7.05 Million |
| 2017 | 10.82% | 55.64% | 0.08x | 2.39x | CA$7.97 Million |
| 2018 | 14.98% | 80.74% | 0.08x | 2.42x | CA$58.26 Million |
| 2019 | 17.70% | 116.59% | 0.07x | 2.11x | CA$123.31 Million |
| 2020 | 8.26% | 55.66% | 0.07x | 2.14x | CA$-30.79 Million |
| 2021 | 13.52% | 97.79% | 0.06x | 2.17x | CA$74.38 Million |
| 2022 | 5.39% | 37.05% | 0.07x | 2.14x | CA$-104.80 Million |
| 2023 | 10.73% | 76.10% | 0.07x | 2.05x | CA$18.06 Million |
| 2024 | 21.61% | 181.96% | 0.07x | 1.76x | CA$358.85 Million |
| 2025 | 0.96% | 7.68% | 0.07x | 1.80x | CA$-276.95 Million |
Industry Comparison
This section compares Killam Apartment Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $407,032,295
- Average return on equity (ROE) among peers: -3.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Killam Apartment Real Estate Investment Trust (KMP-UN) | CA$3.06 Billion | -1.38% | 0.80x | $1.36 Billion |
| European Residential Real Estate Investment Trust (ERE-UN) | $550.15 Million | 21.16% | 2.52x | $65.52 Million |
| GO Residential Real Estate Investment Trust (GO-U) | $698.60 Million | 90.01% | 2.72x | $65.94K |
| Lanesborough Real Estate Investment Trust (LRT-UN) | $-83.15 Million | 0.00% | 0.00x | $2.35 Million |
| Marwest Apartment Real Estate Investment Trust (MAR-UN) | $456.59K | -22.38% | 0.03x | $4.09 Million |
| Minto Apartment Real Estate Investment Trust (MI-UN) | $1.08 Billion | -10.83% | 1.51x | $421.67 Million |
| Northview Residential REIT (NRR-UN) | $495.35 Million | -4.31% | 2.74x | $105.04K |
| Starlight U.S. Residential Fund (Multi-Family) Investment LP (SURF-UN) | $110.44 Million | -96.25% | 4.21x | $1.06K |