Killam Reports Financials for Second Quarter 2013

Killam Properties, Inc., headquartered in Halifax, Nova Scotia, Canada reports for the second quarter 2013 property income rose 2.5 percent from $33,679,000 to $34,506,000 as compared to Q2 2012, yielding a net rental income loss of -0.5% year-over-year–$20,331,000 in 2012 versus $20,225,000 in the same period of 2013. Net income attributable to common shareholders rose 25.2 percent, from $18,558,000 in Q2 2012 to $23,238,000 for the same period 2013. As informs MHProNews, occupancy for the manufactured housing portfolio dropped slightly year-over-year from 98.3 percent to 98.0 percent. Killam is one of the largest owners of manufactured housing communities in Canada.

(Photo credit: Killam Properties, Inc.)

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