Ms. Claire Hawksworth reports

KILLAM APARTMENT REIT ANNOUNCES OCTOBER 2023 DISTRIBUTION

Killam Apartment Real Estate Investment Trust's October, 2023, monthly distribution. The distribution of 5.833 cents per unit will be paid on Nov. 15, 2023, to unitholders of record on Oct. 31, 2023.

Killam Apartment REIT offers a distribution reinvestment plan (the DRIP). Eligible unitholders may reinvest their cash distributions, on each distribution payment date, in additional units. Participating unitholders will receive an additional distribution of units representing 3 per cent of the amount of the distribution reinvested pursuant to the DRIP.

About Killam Apartment Real Estate Investment Trust

Killam Apartment REIT, based in Halifax, N.S., is one of Canada's largest residential real estate investment trusts, owning, operating and developing a $5.0-billion portfolio of apartments and manufactured home communities. Killam's strategy is to enhance value and profitability by focusing on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.