Killam Fundamentals
Increasing Geographic 
Diversification
We are increasing our geographic 
diversification by expanding our 
apartment ownership outside Atlantic 
Canada.  Over the last four years we have 
invested approximately $200 million in 
apartments located in Ontario and at the 
end of 2013 owned 1,359 units in three 
core Ontario markets: Ottawa, Toronto and 
Southwestern Ontario. Our long-term goal 
is to have 50% of our earnings generated 
outside Atlantic Canada.  We plan to 
achieve this by focusing future acquisition 
and development activity in Ontario, and 
potentially Western Canada.  
annual apartment net operating  
and equity Income from  
atlantic Canada and ontario
$ millions 
Investing in  
newer properties
 
We are expanding our portfolio with a 
focus on acquiring newer properties 
and through development.  We believe 
that newer buildings often generate 
higher total returns due to limited 
deferred maintenance requirements, 
lower operating costs and a preference 
for renters to live in newer buildings.  
With 35% of Killam’s apartment portfolio 
constructed since the year 2000, Killam has 
one of the newest multi-family real estate 
portfolios in Canada.
apartment Value by Y ear  
of Construction
2000 + | 35%
1990 - 99 | 10%
1980 - 89 | 6%
1970 - 79 | 25%
Pre 1970 | 24%
$80
$70
$60
$50
$40
$30
$20
$10
$0
Atlantic Canada        ontario
 09 10 11 12 13
Killam ProPerties inc | 2013 5