REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS
STRONG BALANCE SHEET
Increasing value of investment properties with conservative debt metrics.
Total Debt as a % of Assets (1)
Killam
APARTMENT REIT
Interest Coverage Ratio (2)
Debt to Normalized EBITDA (3)
49.8%
43.4% 44.6% 45.0% 45.3%
3.22
3.20
3.36
3.53
3.31
10.62
10.15 10.78 11.33 11.21
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
Sources of Liquidity at Q3-2022
$80-100 million in estimated upfinancing over the next 15 months.
$80 million of additional capital through credit facilities.
$75 million of unencumbered assets.
(1) Total debt as a percentage of total assets is a
capital management financial measure. For a full
description of total debt as a percentage of total
assets, see slide 45.
(2) Interest coverage ratio is a non-IFRS ratio. For a
full description and calculation of the non-IFRS
measures, see slide 45 and page 35 of Killam's
Management Discussion and Analysis for the year
ended December 31, 2022.
(3) Debt to normalized EBITDA is a non-IFRS ratio. For
a full description and calculation of the non-IFRS
measures, see slide 45 and page 35 of Killam's
Management Discussion and Analysis for the year
ended December 31, 2022.
March 2023 | Page 18View entire presentation