This presentation may contain forward-looking statements with respect to Killam Apartment REIT and its operations, strategy, financial performance and condition. These statements generally can be identified by use of forward- looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of Killam Apartment REIT discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks
and uncertainties surrounding future expectations. Important factors that could cause actual results to differ materially from expectations include, among other things, risks and uncertainties relating to the COVID-19 pandemic, general economic and market factors, competition, changes in government regulation and the factors described under "Risk Factors" in Killam's annual information form, Killam's Management's Discussion and Analysis for the three and nine months ended September 30, 2021, and other securities regulatory filings. The cautionary statements qualify all forward-looking statements attributable to Killam Apartment REIT and persons acting on its behalf. Unless otherwise stated, all forward-looking statements speak only as of the date to which this presentation refers, and the parties have no obligation to update such statements.
Nov 2021 | Page 2
Portfolio Statistics
Best-in-classmulti-family residential owner, operator and developer
NOI by Sector
88%
Apartments
7%
MHCs
5%
Commercial
AB | 7%
Calgary | Edmonton
BC | 3%
Victoria
NOI Contribution by
Market (%)
NL | 4%
St. John's
PEI | 6%
Charlottetown
ON | 23%
Ottawa | London
Toronto | KWC
NB | 20%
NS | 37%
Halifax
Market
Annual
Yield(2)
Q3-2021
Capitalization(1)
Distribution
Occupancy
3.0%
$2.6B
$0.70 per unit
97.4%
Apartment Units
MHC sites
Commercial
Avg Monthly
Properties
Apartment Rent
18,651
5,875
1.0 million SF
$1,212
Portfolio
Average Age
28 years
Moncton | Fredericton
Saint John
Includes exchangeable units.
As of November 4, 2021.
Nov 2021 | Page 3
Long-term Strategy to Grow FFO & NAV
Killam's strategy to increase FFO, NAV and maximize value is focused on three priorities:
Increase earnings from existing
Expand the portfolio and diversify
Develop high-quality properties in
portfolio.
geographically through accretive
Killam's core markets.
acquisitions, targeting newer
properties.
Nov 2021 | Page 4
Why Invest in Killam
Positioned for long-term success
Solid Operating Performance
Growing the portfolio and expanding
geographically through accretive acquisitions,
growing FFO, AFFO and NAV per unit.
High Quality Portfolio
One of Canada's highest-quality and youngest
apartment portfolios with 36% of NOI
generated from apartments built in the last 10
years.
Experienced Developer
$1.3 billion development pipeline to support
future growth.
Strong Balance Sheet
Conservative balance sheet with capital
flexibility.
Technology & Data Driven Decisions
Revenue growth and operating efficiency
opportunities.
Commitment to ESG
Continued progress on sustainability and ESG
practices.
Increasing Distributions
5-years of increasing distributions and
declining payout ratios
Engaged Team
Experienced management team with broad
knowledge of Killam's core markets.
Nov 2021 | Page 5
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Killam Apartment REIT published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 14:03:02 UTC.
Killam Apartment REIT (Trust) is a Canada-based residential real-estate investment trust. The Trust owns, operates, and develops a portfolio of apartments and manufactured home communities. The Trust specializes in the acquisition, management and development of multi-residential apartment buildings, manufactured home communities (MHCs) and commercial properties in Canada. Its segments include Apartment, MHC, and Commercial. The Apartment segment acquires, operates, manages, and develops multi-family residential properties across Canada. The MHC segment acquires and operates MHC communities in Ontario and Eastern Canada. The Commercial segment acquires and operates stand-alone commercial properties in Ontario, Nova Scotia, and Prince Edward Island. The segment includes over eight commercial properties. The Company's subsidiaries include Killam Apartment General Partner Ltd., Killam Apartment Limited Partnership, Killam Properties Inc., and Killam Properties SGP Ltd., among others.
KILLAM APARTMENT REIT 
