Management’s Discussion and Analysis
Dollar amounts are in thousands of Canadian dollars (except as noted)
Portfolio Summary
The following table summarizes Killam’s apartment portfolio by market as at and for the year ended December 31, 2013:
Apartment Properties
    Units(1)
Number of 
Properties
% of Apartment NOI 
and Equity Income
Nova Scotia
   Halifax(2)  4,970  54 47.1%
   sydney  139  2 1.2%
    5,109  56 48.3%
New Brunswick
   moncton  1,593  30 9.8%
   Fredericton  1,394  20 9.9%
   saint John  1,143  13 5.6%
   miramichi  96  1 0.7%
 4,226  64 26.0%
Ontario(3)
   Ottawa  492  6 2.7%
   london  264  2 2.8%
   cambridge  225  2 3.4%
   t oronto  378  2 1.5%
 1,359  12 10.4%
Newfoundland and Labrador
   st. John’s 813  11 7.3%
   Grand Falls  148  2 1.1%
 961  13 8.4%
Prince Edward Island
   Charlottetown 906  17 6.6%
   summerside  86  2 0.3%
 992  19 6.9%
Total  12,647  164 100.0%
(1) Unit count includes properties held through Killam’s partnerships and joint ventures.
(2) Killam owns a 47% interest in and manages Garden Park Apartments, a 246‑unit building located in Halifax, NS. Killam’s 47% ownership interest   
represents 116 of the 246 units related to this property.  
(3) Killam owns three buildings located in Ontario through a joint venture, with Killam having a 25% ownership interest and managing the properties.   
Killam’s 25% ownership interest represents 118 of the 472 units related to these properties.
Manufactured Home Communities Portfolio
The following table summarizes Killam’s MHC investment by province as at and for the year ended December 31, 2013:
         Sites
Number of 
Communities
% of MHC
NOI
Nova Scotia  2,626  16 34.3%
new Brunswick  224  1 34.2%
ontario  2,144  16 29.3%
newfoundland and labrador  170  2 2.2%
Total  5,164  35 100.0%
30 Killam ProPerties inc | 2013