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Killam Apartment REIT announces May distribution | Local-Business | Business

Killam Apartment REIT’s May monthly distribution is $0.05667 per unit and will be paid June 15 to unitholders of record on May 29.

The Halifax operation offers a distribution reinvestment plan. 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 three per cent of the amount of the distribution reinvested.

Killam Apartment REIT is one of the country’s largest residential landlords, owning, operating and developing a $3.4-billion portfolio of apartments and manufactured home communities. According to a statement. Killam’s strategy to enhance value and profitability focuses on increasing earnings from existing operations, expanding the portfolio and diversifying geographically through accretive acquisitions with an emphasis on newer properties, and developing high-quality properties in core markets.

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