RBC keeps C$22 target for Killam Apartment REIT stock

Published on 10/02/2026 at 02:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached CAD 99.16 million and diluted EPS was CAD 0.53. The next report for Killam Apartment REIT stock is scheduled for November 4, 2026.

KMP.UN, CA49410M1023, Illustration mit AI erstellt.

RBC maintained a C$22.00 price target for Killam Apartment REIT stock on September 28, 2026, while the latest Toronto quote stood at CAD 17.33 on October 1, 2026. The target is 26.95 percent above that quoted level, giving the analyst view a clear valuation comparison.

Results date sets the next marker

Killam Apartment REIT will release its financial results for the third quarter ended September 30, 2026, after the close of the Toronto Stock Exchange on November 4, 2026, according to Placera. The webcast and conference call are scheduled for November 5, 2026, at 9:00 a.m. ET.

The October 1 announcement also described a C$5.6 billion portfolio of apartments and manufactured home communities. Killam's stated strategy centers on increasing earnings from existing properties, expanding through acquisitions and developing assets in its core markets, according to Killam Apartment REIT.

Second-quarter figures show higher earnings

For the second quarter of 2026, Killam reported CAD 99.16 million of revenue and CAD 63.29 million of net income, while diluted earnings per share were CAD 0.53, according to MarketBeat. Revenue rose 2.15 percent from CAD 97.08 million in the first quarter, while net income increased 25.92 percent from CAD 50.27 million, based on the reported quarterly figures.

The operating backdrop remains tied to occupancy and rental growth. RBC said Killam's Halifax occupancy was 98 percent in July and August and that rent mark-to-market stood at 17 percent, according to Yahoo Finance. The same analysis identified apartment supply as a counter-factor, with 14,000 units scheduled for completion across Halifax from 2026 through 2029.

Toronto quote stays below target

KMP-UN.TO was last at CAD 17.33 on the Toronto Stock Exchange on October 1, 2026 at 4:00 p.m. ET, down 0.86 percent from the prior close of CAD 17.48. Its market capitalization was CAD 2.1 billion, and the 52-week range was CAD 15.65 to CAD 19.21. The C$22.00 RBC target therefore sits 26.95 percent above the latest quoted price.