Overview
Canada real estate trust's Q4 same property revenue rose 4.1% yr/yr
FFO per unit for Q4 increased 3.4% from Q4 2024
Reported Q4 net loss of C$147.5 mln due to deferred tax recovery absence
Outlook
Killam expects FFO growth in 2026 from The Carrick, completed in July 2025
Company anticipates FFO growth in 2027 from projects in Waterloo and Halifax
Result Drivers
SAME PROPERTY PERFORMANCE - Killam's Q4 same property revenue grew by 4.1%, driven by rental rate increases and ancillary revenue
DEVELOPMENT CONTRIBUTIONS - Recently completed developments, including The Carrick, bolstered FFO growth
CAPITAL RECYCLING - Proceeds from non-core asset sales were reinvested in acquisitions and developments, aiding diversification
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Property Revenue
C$96.26 mln
Q4 Net Income
-C$147.49 mln
Q4 FFO
C$37.26 mln
Q4 Operating Income
C$63.97 mln
Q4 Same Property Revenue Growth
4.1%
Press Release: ID:nCNWm3b7za
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)