Killam Properties Inc. Supplemental Information For the 3 months ended March 31, 2008

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Malcolm Lambert
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1 Killam Properties Inc. Supplemental Information For the 3 months ended March 31, 2008

2 Apartment Portfolio, as at March 31, 2008 Nova Scotia City Property Name Units Year Built Mar-08 Mar-07 Halifax 1 Oak St $752 n/a Halifax Harlington Halifax 159 Radcliffe Drive Halifax Harlington Halifax 21 Parkland Dr n/a Halifax 26 Alton Drive & 36 Kelly Street Halifax Main Street Halifax 3 Dillman s Halifax 3 Veronica Drive Halifax 31 Carrington ,057 1,044 Halifax 3565 Connaught Halifax 50 Barkton Lane Halifax 5206 Tobin Street Halifax 57 Westgrove Place Halifax 59 Glenforest/21 Plateau Halifax 6 Jamieson Halifax 6087 South St ,275 n/a Halifax 6101 South St ,350 n/a Halifax Harlington Crescent Halifax 75 Knightsridge Drive Halifax Harlington Halifax 9 Bruce Street Halifax 9 Sybyl Court Halifax 95 Knightsridge Halifax Bedford Apartments Halifax Garden Park Halifax Glenforest Apartments Halifax Glenmoir Terrace Halifax Hillcrest Apartments Halifax Kent Street Properties 's Halifax Lakefront Apartments Halifax Linden Lea & Pleasant Street s Halifax Maplehurst Apartments Halifax Maplehurst Houses Halifax Parker Street Apartments Halifax Parkridge Place Halifax Quinpool Court Halifax Quinpool Towers Halifax Shaunslieve Halifax Sheradon Place Halifax Spring Garden Terrace Halifax Victoria Gardens Halifax Waterview Place Sydney 552 Kings Road Sydney Cabot House Sydney Moxham Court Nova Scotia Total 4,088 $756 $724

3 Apartment Portfolio, as at March 31, 2008 (cont.) New Brunswick City Property Name Units Mar-08 Mar-07 Fredericton 127 & 157 Biggs Street /92 $719 $718 Fredericton 260 Wetmore Road Fredericton 50,60 Greenfield & 190 Parkside / Fredericton 75 Greensfield Drive Fredericton 969 Regent / Fredericton Carrington House n/a Fredericton Elroy Apartments Fredericton Southgate Fredericton Venus Apartments Fredericton Westwood Apartment Fredericton Wilsey Fredericton Forest Hill Towers n/a Fredericton Princess Place n/a Miramichi Edward Court Moncton 100 Archibald Moncton 101 Archibald Moncton Archibald 2 n/a Moncton 1111 Main ,476 1,428 Moncton Gauvin Road Moncton 303 Normandie Street Moncton 316 Acadie Avenue Moncton 360 Acadie Avenue Moncton Gauvin Road Moncton Buckingham Place Moncton Cambridge Court Moncton Cambridge Place Moncton Cameron Street / Moncton Gordon/Bonaccord Street /pre Moncton Lakeview Estates / Moncton Lorentz Moncton Lutz & Kendra Street / Moncton Pine Glen Apartments Moncton Suffolk Street Saint John 53 Somerset Place Saint John Carleton Towers Saint John Cedar Glen Saint John Ellerdale Apartments Saint John Fort Howe Apartments Saint John Parkwood Saint John Rocky Hill Apartments Saint John Sydney Arms Saint John The Anchorage Saint John Woodhaven Saint John Woodward Gardens New Brunswick Total 3,229 $684 $663

4 Apartment Portfolio, as at March 31, 2008 (cont) Newfoundland City Property Name Units Year Built Mar-08 Mar-07 Grand Falls Ridgeview Terrace Apartments $492 $498 Grand Falls Terrace Apartments / St. John's Blackshire Court St. John's Cornwall Manor St. John's Forest Manor St. John's Freshwater Road Apartments St. John's Pleasantview Manor St. John's Torbay Road Apartments St. John's Village Manor St. John's Mount Pleasant Manor Newfoundland Total 732 $607 $566 Prince Edward Island City Property Name Units Year Built Mar-08 Mar-07 Charlottetown 198 Spring Park Road $1,031 $1,031 Charlottetown 27 Longworth Avenue Charlottetown University Ave ,045 Charlottetown Bridlewood Apts / n/a Charlottetown Browns Court Charlottetown Burns/University Charlottetown Country Place Charlottetown DesBarres House Charlottetown Kensington Court Charlottetown Queen Street Stratford Horton Park Stratford Shakespeare Summerside Nevada Court Prince Edward Island Total 686 $743 $749 Apartment Portfolio as at March 31, ,735 $716 $690

5 MHC Portfolio as at March 31, 2008 City/Town Property Name Units Acres Mar-08 Mar-07 Ontario Beamsville Golden Horsehoe $295 $284 Carleton Place Lakewood Estates Carrying Place Cedardale (1) Erin Stanley Park Listowel The Village at Listowel Niagra Falls Pine Tree Village (MHC) Orillia Fegushill Estates Orillia Parkside Estates Orillia Silver Creek Estates Ottawa Lynnwood Gardens Petawawa Pinehurst Estates Quinte West Bayview Estates St. Catherines Westhill Estates Trenton Sunny Creek Estates Vars Rockdale Ridge Forest Paradise Valley (1) n/a Walton Family Paradise (1) n/a Guelph Millcreek C.C n/a Sarnia Green Haven Estates n/a Wheatly Holiday Harbour (1) , $225 $236 Nova Scotia Amherst Amherst $150 $135 Amherst Kent Drive n/a Antigonish Glen Aire Estates Antigonish Greenhill Estates Antigonish Silver Birch Estates n/a Halifax Birch Hill Halifax Birchlee Estates n/a Halifax Fairview Estates Halifax Maple Ridge Park Lake Echo Mountainview Estates n/a Enfield Enfield Estates n/a New Glasgow Cowan Place New Minas Valley View Hills Port Hawkesbury Cairdeil Estates Sydney Heather Estates MHC ,476 1,045 $183 $164 New Brunswick Bathurst Kent & Bayview $140 $120 Edmundston Park P'Tiso Fredericton Burton Fredericton Crown & Currie Park

6 Fredericton Tamarak Moncton Camper's City (1) n/a Moncton Pine Tree - Moncton Moncton White Frost Estates Quispansis Pine Valley MHC Riverview Riverview MHC , $199 $199 Alberta Slave Lake Lynwood Estates $316 $294 Whitecourt Evergreen Village n/a Whitecourt Hillpark n/a $308 $294 Saskatchewan Saskatoon Sunset Estates $290 $268 Newfoundland Gander Lakeview Court $150 $142 Cornerbrook Sunset Parkway $149 $136 British Columbia The Poplars Gibson $347 n/a Total MHC Portfolio 8,687 3,097 $213 $203 (1) Property is seasonal. Average monthly rent shown equal to annual rent divided by 12.

7 Geographic Breakdown of Assets Apartment Units by City Charlottetown 7% St. John's 7% Fredericton 11% Other 5% Halifax 46% Saint John 12% Moncton 12% MHC Units by Province Saskatchewan 3% Alberta 4% British Columbia 1% Nova Scotia 29% Ontario 34% Newfoundland 2% New Brunswick 27%

8 Same Store Sales Details The following tables show the vacancy and average rents by location for the 135 properties Killam has owned for equivalent periods in 2008 and 2007 considered Same Store properties. The analysis includes 38 MHC properties (6,429 units) and 97 apartment properties (7,532 units). Mar Vacancy Mar Change As at Apartments Nova Scotia 5.7% 4.2% 1.5 New Brunswick 5.8% 5.3% 0.5 Newfoundland 2.6% 1.8% 0.8 Prince Edward Island 4.1% 7.3% 3.2 Total Apartment Portfolio 5.3% 4.6% 0.7 Manufactured Home Communities 1.0% 1.0% 0.0 Total Portfolio 3.4% 2.9% 0.5 Mar Mar Change As at Apartments Nova Scotia $743 $ % New Brunswick $678 $ % Newfoundland $598 $ % Prince Edward Island $727 $ % Total Apartment Portfolio $707 $ % Manufactured Home Communities $213 $ % Total Portfolio $478 $ %

9 Apartment Growth Potential in Killam s Markets 31-Mar Mar-07 Total Rental Apartment Universe Killam Portfolio Market Share Killam Portfolio Market Share Nova Scotia Halifax 38,204 3, % 3, % New Brunswick Saint John 8,936 1, % 1, % Moncton 9,660 1, % % Fredericton 7, % % Charlottetown 3, % % St. John's 3, % % Source: CMHC 71,456 8, % 7, %

Exam Dates Click on the links below to view a list of dates to write any of our paper-based exams in a location near you.

- Exam Dates Click on the links below to view a list of dates to write any of our paper-based exams in a location near you. CHOOSE YOUR PROVINCE Alberta British Columbia Manitoba New Brunswick Newfoundland