HALIFAX, NS, Aug. 16, 2021 /CNW/ – Killam Apartment REIT (TSX: KMP.UN) is pleased to announce its August 2021 monthly distribution. The distribution of $0.05667 per unit will be paid on September 15, 2021, to unitholders of record on August 31, 2021.
On August 4, 2021, Killam announced a 2.9% increase to its distribution on an annualized basis, to $0.70 per unit from $0.68 per unit. The monthly distribution will be $0.05833 per unit, up from $0.05667 per unit. The increase will apply to the September 2021 distribution, to be paid in October 2021.
Killam Apartment REIT offers a distribution reinvestment plan (the “DRIP”). Eligible unitholders may reinvest their cash distributions, on each distribution payment date, in additional units. Participating unitholders will receive an additional distribution of units representing 3% of the amount of the distribution reinvested pursuant to the DRIP.
About Killam Apartment REIT
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada’s largest residential landlords, owning, operating and developing a $4.2 billion portfolio of apartments and manufactured home communities. Killam’s strategy is to enhance value and profitability by focusing on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.
Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
SOURCE Killam Apartment Real Estate Investment Trust
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