Ms. Claire Hawksworth reports

KILLAM APARTMENT REIT ANNOUNCES VOTING RESULTS FROM 2026 ANNUAL MEETING OF UNITHOLDERS

Killam Apartment Real Estate Investment Trust has released the voting results of matters voted on at its annual meeting of unitholders, which was held in Halifax on May 7, 2026. The voting results of each of the matters considered at the meeting are presented in this news release.

Election of trustees

All candidates proposed in the management proxy circular dated March 27, 2026, were elected as trustees. The voting results of the trustees are detailed in an attached table.

Appointment of auditor

Ernst & Young LLP was reappointed as the auditor of Killam, to hold office until the next annual meeting of unitholders at remuneration to be fixed by the board of trustees. The voting results for the reappointment of the auditor are detailed in an attached table.

Executive compensation advisory vote

The non-binding advisory say-on-pay resolution on executive compensation was approved. The voting results for the executive compensation advisory vote are detailed in an attached table.

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, managing and developing a $5.5-billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: (1) increase earnings from its existing portfolio; (2) expand the portfolio and diversify geographically through accretive acquisitions that target newer properties and through the disposition of non-core assets; and (3) develop high-quality properties in its core markets.