REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS slide image

REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

AFFORDABILITY AND VALUE DELIVERY Killam APARTMENT REIT Killam delivers affordable, safe, clean and high-quality housing to our residents across Canada: 52% of Killam's portfolio rents for less than $1,200 per month. Average rent is $1.44 per SF across the portfolio. Killam supports affordable housing with more than 1,100 suites protected as long-term affordable units through community & government partnerships and programs. 64% of Killam's portfolio meets CMHC's affordability threshold (monthly rents less than 30% local median household income). Killam's portfolio offers affordable units across all regions, with majority of regions' avg rent less than CMHC's affordability threshold. Ensure we provide our residents with exceptional service, and they are happy with their Killam home. 84% of residents are pleased with the value for their money. Killam's Avg Rent Region as a % of Median Household Income 86% are happy to rent from 88% Halifax 20.1% are happy with the Ottawa 23.7% physical condition of Killam. their apartment. London 23.5% are pleased with their on-site resident manager. (1) Performed by Narrative Research, a third-party provider, with ~4,000 participants. 87% are pleased with the cleanliness of their common areas. 2022 Resident Survey Results(1) 85% 91% are satisfied with the professionalism of Killam's maintenance staff. Kitchener 20.4% New Brunswick 18.5% Prince Edward Island 18.1% St. John's 14.7% Calgary Edmonton Victoria 15.4% 18.0% 26.0% March 2023 | Page 38
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