Q: Could you comment on the results. Looks like they were not as good as expected. I had been thinking of starting a position in my RSP, viewing Killam as a pretty stable reit, decent yield, and probably somewhat exempt from a major market correction. What do you think? Take advantage of this drop or stay away?
Thank-you
Thank-you
5i Research Answer:
We don't really see a whole lot of reason to get too interested here. The apartment space doesn't have a whole lot of levers they can pull at this stage for growth. It is ok for some yield but we wouldn't expect a whole lot here.