REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS slide image

REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

WHY INVEST IN KILLAM السلا Solid Operating Performance High Quality Portfolio -Killam APARTMENT REIT Growing the portfolio and expanding geographically through accretive acquisitions, growing FFO, AFFO and NAV per unit One of Canada's highest-quality and youngest apartment portfolios with 33% of NOI generated from apartments built in the last 10 years Experienced Developer $1.7 billion development pipeline to support future growth Strong Balance Sheet Technology & Data Driven Decisions Conservative balance sheet with capital flexibility Revenue growth and operating efficiency opportunities Commitment to ESG Continued progress on sustainability and ESG practices BBB Increasing Distributions Increasing distributions and declining payout ratios Engaged Team Experienced management team with broad knowledge of Killam's core markets March 2023 | Page 4
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