Killam Apartment REIT Announces July 2024 Distribution

Killam Apartment REIT (TSX: KMP.UN) is pleased to announce its July 2024 monthly distribution. The distribution of $0.05833 per unit will be paid on August 15, 2024, to unitholders of record on July 31, 2024.

Killam Apartment REIT offers a distribution reinvestment plan (the "DRIP"). Eligible unitholders may reinvest their cash distributions, on each distribution payment date, in additional units. Participating unitholders will receive an additional distribution of units representing 3% of the amount of the distribution reinvested pursuant to the DRIP.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, and developing a $5.2 billion portfolio of apartments and manufactured home communities. Killam's strategy is to enhance value and profitability by focusing on three priorities: 1) increase earnings from existing operations, 2) expand the portfolio and diversify geographically through accretive acquisitions and dispositions, with an emphasis on acquiring newer properties, and 3) develop high-quality properties in its core markets.

For information, please contact: Claire Hawksworth, CPA, Senior Manager, Investor Relations, chawksworth@killamreit.com, (902) 442-5322

Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.