Brief: Killam Apartment REIT Will Suspend Collection Of Further Rental Increases During Period Of Crisis

Killam Apartment REIT

09/04/2020 20:45

April 9 (Reuters) - Killam Apartment REIT  KMP_u.TO :
    * KILLAM APARTMENT REIT PROVIDES UPDATE RELATING TO COVID-19
PANDEMIC
    * KILLAM APARTMENT REIT - AS OF APRIL 8, 2020, KILLAM HAS
RECEIVED
APPROXIMATELY 93% OF RENTAL REVENUE DUE FOR MONTH OF APRIL
    * KILLAM APARTMENT REIT - OCCUPANCY REMAINS STRONG, WITH
APARTMENT
OCCUPANCY AT 97.0% DURING Q1-2020, AND MHC OCCUPANCY AT 97.7%
    * KILLAM APARTMENT REIT - WAIVED  COLLECTION OF RECENT
RENTAL
INCREASES
    * KILLAM APARTMENT REIT - WILL SUSPEND COLLECTION OF FURTHER
RENTAL INCREASES DURING PERIOD OF CRISIS
    * KILLAM APARTMENT REIT - REVIEWING ITS 2020 STRATEGIC
TARGETS

Source text for Eikon:  ID:nCNWrwZ7Ha 
Further company coverage:  KMP_u.TO 

 ((Reuters.briefs@thomsonreuters.com;))