REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

ACCRETIVE ACQUISITIONS In 2022, 35.8% of Killam's NOI was generated outside of Atlantic Canada. NOI Generated Outside Atlantic Canada Killam APARTMENT REIT 40% 36% 33% 32% 30% 27% 23% 20% 21% 15% 12% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2025 Target Annual Acquisitions ($ millions) $315 $399 $211 Average $135M $200 $200 $191 $160 -$167 $125 $103 $115 $106 $121 $85 $72 $16 $45 $36 $3 $54 $119 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 March 2023 | Page 22

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