REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

DEBT LADDER Mortgage Maturities ($M) Apartment Mortgage Maturities by Year As at December 31, 2022 KKillam APARTMENT REIT | Mortgage Maturities Weighted Average Interest Rate (Apartments) - 5 year estimated CMHC insured interest rate 4.22% $375 $300 $225 2.99% $150 $75 6% 5% 4% 3.48% 3.40% 2.56% 3% 2.35% 2.06% 2.85% 2.55% 2% $0 2023 2024 2025 2026 2027 2028 2029 Thereafter Current Weighted Average Mortgage Interest Rate 2.74% Weighted Average Term to Maturity Apartment Mortgages CMHC Insured 3.8 years 77.2% 1% 90 Interest Rate January 2023 | Page 17

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