HALIFAX,
NS, Feb. 15, 2024 /CNW/ - Killam Apartment
REIT (TSX: KMP.UN) is pleased to announce its February 2024 monthly distribution. The
distribution of $0.05833 per unit
will be paid on March 15, 2024, to
unitholders of record on February 29,
2024.
Killam Apartment REIT offers a distribution reinvestment plan
(the "DRIP"). 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 3% of the amount of the
distribution reinvested pursuant to the DRIP.
About Killam Apartment REIT
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate
investment trusts, owning, operating, and developing a $5.0 billion portfolio of apartments and
manufactured home communities. Killam's strategy is to enhance value and
profitability by focusing on three priorities: 1) increasing
earnings from existing operations, 2) expanding the portfolio and
diversifying geographically through accretive acquisitions and
dispositions, with an emphasis on acquiring newer properties, and
3) developing high-quality properties in its core markets.
Note: The Toronto Stock Exchange has neither approved nor
disapproved of the information contained herein.
SOURCE Killam Apartment Real Estate Investment Trust