Management’s Discussion and Analysis
Dollar amounts are in thousands of Canadian dollars (except as noted)
Killam’s NOI by Province
Combining apartment and MHC’s, the following chart highlights the percentage of Killam’s forward‑looking NOI by province based on ownership 
interest at December 31, 2013:
   
NOI by Province
ns  48%
nB 23%
on 15% Pei
7%
nl
8%
The Multi‑family Market Leader in Atlantic Canada
Atlantic Canada is home to 2.3 million people, approximately 43% of whom live in the six largest cities, representing Killam’s core markets in the 
region. Killam has a 14.2% market share of apartment units in these six largest centres.  The chart below highlights the apartment NOI generated 
from each of the key urban markets in Atlantic Canada in 2013, and Killam’s market share in each.
47.1%
9.8% 9.9%
7.3% 6.6% 5.6%
1 1.9%
15.3%
18.9%
22.4%
19.8%
13.2%
Halifax m oncton Fredericton st. John's  saint John 
% of Killam’s noi
Killam’s market shar e
Killam ProPerties inc | 2013 31