Mr. Philip Fraser reports

KILLAM APARTMENT REIT RELEASES 2025 ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT

Killam Apartment Real Estate Investment Trust has released its 2025 environmental, social and governance (ESG) report, providing a detailed overview of the organization's ESG priorities and measurable performance.

"Sustainability has long been embedded in how we operate, invest capital and plan for the future. We approach ESG the same way we approach all our business decisions, with a focus on long-term performance, accountability and doing the right thing," said Philip Fraser, president and chief executive officer.

Killam's 2025 ESG report includes these key highlights:

• Energy efficiency: invested $6.8-million in energy efficiency projects, with nearly half allocated to solar photovoltaic installations across 13 buildings;
• Greenhouse gas emissions: reduced total emissions by 12.5 per cent and carbon intensity by 9.9 per cent year over year;
• Affordability: contributed $3.3-million in affordability assistance and maintained over 800 units with long-term affordability commitments;
• Community contributions: increased employee volunteer day usage by 97 per cent year over year;
• Diversity and inclusion: became a member of the Accelerating Accessibility Coalition (AAC) and earned Inclusive Workplace recognition by Best Companies Group;
• Cybersecurity: completed 227 hours of cybersecurity training and implemented an artificial intelligence (AI) policy.

Killam's 2025 ESG report is aligned with: (i) the Global Reporting Initiative (GRI) 2021 Universal Standards; (ii) the Sustainability Accounting Standards Board (SASB) Real Estate Standard; (iii) the Task Force on Climate-related Financial Disclosures (TCFD) recommendations; and (iv) the United Nations Sustainable Development Goals.

Killam's 2025 ESG report can be found on the company's website.

About Killam Apartment Real Estate Investment Trust

Killam Apartment, 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 long-term strategy to enhance value and profitability focuses on three priorities: (1) increasing earnings from existing operations; (2) expanding the portfolio and diversifying geographically through accretive acquisitions which target newer properties and through the disposition of non-core assets; and (3) developing high-quality properties in its core markets.

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