REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

SOLAR *Killam APARTMENT REIT As of January 2023, a total of 18 online projects with 1,781 MWh of annual production – equivalent to the average annual consumption of ~171 single family homes $3.3M total capital invested in solar to date 8% estimated ROI in Year 1 based on expected annual production Four projects online for more than one year have produced approximately 93.75% of expected electricity $6,000,000 $5,000,000 Investment in Solar $4,000,000 $3,000,000 $2,000,000 $1,000,000 1.75$ budgetted in 2023 2020 2021 2022 2023E By the end of 2023, Killam is targeting to achieve 5% electricity consumption offset through renewables March 2023 | Page 41

View entire presentation