Kilam Apartment REIT, based in Halifax, Nova Scotia, (KMP-UN) Fair Value & Analysis
Real Estate · CA · Market cap C$2.4B
Fair value as of: Jul 18, 2026
From 25 valuation models · updated 3 days ago
Fair value updated Jul 18, 2026, revised from C$15.98 to C$16.00 (+0.1%) since Jun 26, 2026. Share price −1.8% over the past month.
Price vs Fair Value (12 months)
12‑month range C$15.55 – C$19.02 · fair‑value band C$5.62 – C$16.00 · the C$18.67 price screens above the C$16.00 fair value. As of Jul 18, 2026.
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Kilam Apartment REIT, based in Halifax, Nova Scotia, (KMP-UN) currently trades at C$18.67, while our model-based Fair Value estimate is C$16.00, implying the stock looks roughly 14.3% overvalued today. We read business quality at 49/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Kilam Apartment REIT, based in Halifax, Nova Scotia, generated revenue of C$389M at a net margin of -5.7%. Revenue grew 3.8% year over year. It earns a return on equity of -0.7%. Net debt stands at C$2.3B. Fundamentals as of Jul 18, 2026
Our scenario range runs from C$5.62 (bear case) to C$16.00 (bull case); at C$18.67, the current price sits above that range. The share trades about 2% below its 52-week high and 21% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -12% fair-value upside, at -14%, KMP-UN screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 18, 2026. TTM = trailing twelve months.
About the company
Kilam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a 5.5 billion dollars portfolio of apartments and manufactured home communities. Kilam's long-term strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions which target newer properties and through the disposition of non-core assets, and 3) developing high-quality properties in its core markets. Killam Apartment REIT was incorporated in 2000 in Ontario, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kilam Apartment REIT, based in Halifax, Nova Scotia, reported revenue of C$383M in FY2025 versus C$292M in FY2021, a compound +7.0%/yr. Reported net income was C$29.4M in FY2025, compounding −43.3%/yr from FY2021.
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Similar stocks
10 more REIT - Residential stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| E1QR34 E1QR34 | R$164.90 | R$144.76 | -12% |
| AvalonBay Communities, Inc AVB | $183.60 | $126.12 | -31% |
| EQR EQR | $64.73 | $56.87 | -12% |
| Essex Property Trust, Inc E1SS34 | R$130.99 | R$115.84 | -12% |
| Invitation Homes INVH | $28.41 | $16.38 | -42% |
| Mid-America Apartment Communities, Inc MAA | $138.08 | $65.28 | -53% |
| Sun Communities, Inc SUI | $119.93 | $114.79 | -4% |
| UDR, Inc UDR | $39.10 | $19.76 | -49% |
| American Homes 4 Rent (AMH or the General Partner) AMH | $31.64 | $51.33 | +62% |
| Equity LifeStyle Properties, Inc ELS | $62.01 | $37.57 | -39% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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