REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

2023 STRATEGIC TARGETS Growth in Same Property NOI Average 3.0%-5.0%. To Capital Recycling $ Sell a minimum of $100 million of non-core assets. K-Killam APARTMENT REIT IM. Geographic Diversification Earn at least 36% of 2023 NOI outside of Atlantic Canada. Development of High-Quality Properties Complete construction of two development projects and break ground on one additional development in 2023. Strengthened Balance Sheet Reduce debt as a percentage of total assets to below 45%. Sustainability Invest a minimum of $8.0 million in energy initiatives in 2023. March 2023 | Page 7

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