has two new development projects underway, including a two building 101‑unit complex located in St. John’s, expected to be completed in Q3 
2014, and one located in Cambridge, with the first phase of 122 units expected to be completed in the first half of 2015.
$139 Million in Debt Maturing in 2014
Killam has approximately $139.4 million of debt maturing in 2014 at a weighted average interest rate of 4.6%. The current bond yields for 5‑year 
and 10‑year debt are below the Company’s weighted average interest rate on the debt to be refinanced. To‑date the Company has refinanced 
or locked in interest rates for seven maturing mortgages representing $34.2 million of the maturing debt at a weighted average interest rate of 
2.64%, 160 bps lower than the weighted average interest rate prior to refinancing. The Company expects to generate annualized interest savings 
of $0.6 million from the refinancings completed to date.   
28 Killam ProPerties inc | 2013