Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) GF Value Rank : 7 (As of Apr. 30, 2024)

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What is Killam Apartment Real Estate Investment Trust GF Value Rank?

Killam Apartment Real Estate Investment Trust has the GF Value Rank of 7.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Killam Apartment Real Estate Investment Trust's GF Value Rank

For the REIT - Residential subindustry, Killam Apartment Real Estate Investment Trust's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Killam Apartment Real Estate Investment Trust's GF Value Rank Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Killam Apartment Real Estate Investment Trust's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Killam Apartment Real Estate Investment Trust's GF Value Rank falls into.

Killam Apartment Real Estate Investment Trust GF Value Rank Related Terms

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Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Killam Apartment Real Estate Investment Trust (TSX:KMP.UN) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

KMMPF:USA

Address

3700 Kempt Road, Suite 100, Halifax, NS, CAN, B3K 4X8

Website

https://www.killamreit.com

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHCs) and commercial properties in Canada. It has three operating segments, Apartment segment, MHC segment, and Commercial segment. The apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. The MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and the Commercial segment includes eight commercial properties.

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