Killam Apartment REIT reports strong Q4 and 2019 year-end results

Halifax-based Killam Apartment REIT reported 2019 fourth quarter net income of $126.8 million compared to net income of $44.3 million during the same quarter in 2018.
Management at the real estate investment trust indicated that the quarterly net income figure, 186.4 per cent improvement over the Q4 2018 number, was due to a strong operating performance, contributions from acquisitions and “fair value” gains on investment properties.
The quarterly net income figure was slightly offset by increased financing costs and deferred tax expense… [Read More]