REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS
PROVEN RECORD OF STRONG GROWTH
Revenues ($M)
Killam
APARTMENT REIT
Net Income ($M)
Investment Properties ($B)
Investment Properties under Construction
Investment Properties
14.4% CAGR
$216
$242
$262 $291 $329
$175
$284 $146 $286 $123
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
FFO & Distribution Per Unit (1)
FFO Per Unit
Distribution
AFFO Payout Ratio (2)
$1.10
4.2% CAGR (FFO)
$0.95
$0.80
$0.65
$0.50
$0.94
$0.64
$0.98
$0.66
$1.00
$0.68
$1.07
$0.69
$1.11
$0.70
$0.35
90%
80%
70%
60%
50%
84%
82%
82%
76%
75%
40%
2018
2019
2020
2021 2022
2018
2019
2020
2021
2022
(1)
FFO per unit is a non-IFRS financial ratio. For a full description and reconciliation of non-IFRS measures, see slide 45 and page 35 of Killam's Management Discussion and Analysis for
the year ended December 31, 2022.
(2)
AFFO per unit and AFFO payout ratio are non-IFRS ratios. For a full description and reconciliation of non-IFRS measures, see slide 45 and page 35 of Killam's Management
Discussion and Analysis for the year ended December 31, 2022.
March 2023 | Page 8View entire presentation