Investor Presentaiton

2.0 KWCG (ONTARIO) REGION A HIGH GROWTH MARKET – AVAILABILITY Waterloo Region - Net Absorption and New Supply (MSF) Availability Rate (%) -0.5 -1.0 H 1] ས་ 0.5 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Source: CBRE Q1 2022 Research. Net Absorption 26 | Q1 2022 INVESTOR PRESENTATION Q3 2019 Q4 2019 New Supply Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Availability Rate Summit IREIT 6.0 4.5 3.0 1.5 0.0 -1.5 -3.0

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