HALIFAX,
NS, May 15, 2024 /CNW/ - Killam Apartment REIT
(TSX: KMP.UN) is pleased to announce its May
2024 monthly distribution. The distribution of $0.05833 per unit will be paid on June 17, 2024, to unitholders of record on
May 31, 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 $5.2 billion portfolio of apartments and
manufactured home communities. Killam's strategy is to enhance value and
profitability by focusing on three priorities: 1) increase earnings
from existing operations, 2) expand the portfolio and diversify
geographically through accretive acquisitions and dispositions,
with an emphasis on acquiring newer properties, and 3) develop
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