Killam Apartment REIT Reports Increased Net Income and NOI for Q3
Killam Apartment REIT has announced its third-quarter financial results, highlighting significant growth in profitability. The company reported a net income of $51.6 million, representing a substantial increase from the $41.9 million recorded during the same period in the previous year. Operational performance remained strong with Net Operating Income (NOI) rising 2.3% to $69.3 million. Additionally, consolidated same-property revenue saw a 2.4% year-over-year increase, reflecting steady growth in the company's core residential real estate portfolio.