REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

PORTFOLIO STATISTICS Best-in-class multi-family residential owner, operator and developer NOI by Segment Apartments 89% ■MHCS Commercial 6% 5% BC | 3.3% AB 8.2% Calgary Edmonton Victoria | Courtenay Market Capitalization (1) $2.1B 2023 Annual Distribution $0.70 per unit Yield(2) 3.90% Q4-2022 Occupancy 98.3% Apartment Units 19,527 MHC sites 5,975 Commercial Properties 0.94 million SF Avg Monthly Apartment Rent $1,289 ON | 24.3% Ottawa | London Toronto | KWC Portfolio Average Age 27 years K-Killam APARTMENT REIT NOI Contribution by Market as of December 31, 2022 (%) NL | 4.5% St. John's NB | 20.0% PEI | 6.1% Charlottetown NS | 33.5% Halifax Moncton | Fredericton Saint John (1) Includes exchangeable units. (2) As of March 1, 2023. March 2023| Page 3

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