Residential REIT With Yield Over 4%

Real estate is one of the world’s most popular investments, but buying and managing a rental property is simply not for everyone. Fortunately, there are real estate investment trusts (REITs) that offer the benefits of owning residential properties without the hassles that come with purchasing a property or managing tenants. With this in mind, let’s take a look at the following residential REIT with yield over 4% that you could buy today.

Killam Apartment REIT

Killam Apartment REIT (TSX:KMP.UN) owns and manages apartment buildings and manufactured home communities (MHCs) across six Canadian provinces. As of March 31, its portfolio consists of 184 apartment properties with a total of 14,444 units and 35 MHCs with a total of 5,165 land-lease sites. It also owns four commercial buildings in Halifax.




Killam pays a monthly distribution of $0.05167 per unit, representing $0.62 per unit annually, giving it a 4.8% yield today. Investors must also note that the company has raised its distribution three times since it began paying one in 2007, and its most recent increase was a 3.3% increase in February that was effective for its March distribution.

Six months chart

Disclaimer: I own shares/units in KMP