REIT ASIAPAC MAGAZINE REITASIAPAC 2Q 2019 ISSUE

REIT ASIAPAC DIRECTORY Asia Pacific REITS by Country HONG KONG ( con’t ) INSTITUTION NAME AUSTRALIA PROPERTY TYPE CURRENCY CLOSING PRICE^ (LOCAL CURRENCY) MARKET CAPITALISATION (US$M)^ P/E (%) DIVIDEND YIELD (%) PRICE/ BOOK (%) Champion Real Estate Investment Trust Office HKD 6.38 4,768.02 6.02 4.10 55.88 Hui Xian Real Estate Investment Trust Diversified CNY 3.25 2,740.89 NM 8.16 70.95 INSTITUTION NAME PROPERTY TYPE CURRENCY CLOSING PRICE^ (LOCAL CURRENCY) MARKET CAPITALISATION (US$M)^ P/E (%) DIVIDEND YIELD (%) PRICE/ BOOK (%) Yuexiu Real Estate Investment Trust Diversified HKD 5.24 2,085.28 25.64 6.10 99.19 Goodman Group Industrial AUD 13.40 16,848.76 13.37 2.18 242.89 Sunlight Real Estate Investment Trust Diversified HKD 5.71 1,203.11 5.49 4.75 60.77 Scentre Group Regional Mall AUD 3.80 13,972.22 12.25 5.83 85.27 Regal Real Estate Investment Trust Full-Service Hotel HKD 2.40 997.28 2.99 6.25 45.15 DEXUS Diversified AUD 12.88 9,745.95 9.02 3.98 124.86 Prosperity Real Estate Investment Trust Diversified HKD 3.31 630.89 9.74 5.47 57.70 Mirvac Group Diversified AUD 3.03 8,214.82 8.66 3.73 123.31 Spring Real Estate Investment Trust Office HKD 3.36 548.17 0.59 5.71 58.95 INSTITUTION NAME PROPERTY TYPE CURRENCY CLOSING PRICE^ (LOCAL CURRENCY) MARKET CAPITALISATION (US$M)^ P/E (%) DIVIDEND YIELD (%) PRICE/ BOOK (%) Nippon Building Fund Incorporation Office JPY 742,000.00 9,639.38 36.08 2.71 193.85 Japan Real Estate Investment Corporation Office JPY 645,000.00 8,220.26 33.26 3.03 174.76 Nomura Real Estate Master Fund, Inc. Diversified JPY 168,400.00 7,045.41 31.48 3.75 127.72 Japan Retail Fund Investment Corporation Shopping Center JPY 218,600.00 5,265.42 25.77 4.05 132.26 Stockland Diversified AUD 4.43 7,299.36 17.86 6.09 103.50 GPT Group Diversified AUD 5.76 7,206.55 7.22 4.42 102.93 Vicinity Centres Shopping Center AUD 2.58 6,745.68 21.18 6.26 82.85 Charter Hall Group Diversified AUD 10.34 3,338.51 18.14 2.97 256.23 Growthpoint Properties Australia Diversified AUD 4.20 2,118.91 7.69 5.38 125.08 Cromwell Property Group Diversified AUD 1.16 1,818.53 10.50 6.51 117.93 Shopping Centres Australasia Property Group Shopping Center AUD 2.53 1,623.27 26.24 5.67 111.47 BWP Trust Single Tenant AUD 3.60 1,603.07 14.66 4.99 124.71 Abacus Property Group Diversified AUD 3.83 1,541.33 8.72 4.77 114.59 JAPAN Viva Energy REIT Energy Infrastructure AUD 2.59 1,392.63 9.60 5.41 NM United Urban Investment Corporation Diversified JPY 179,000.00 5,031.38 23.20 3.92 153.60 Charter Hall Retail Real Estate Investment Trust Shopping Center AUD 4.42 1,350.88 16.04 6.44 104.77 ORIX JREIT Inc. Diversified JPY 194,600.00 4,941.54 29.31 2.70 154.36 JPY 256,600.00 4,898.75 28.76 3.01 115.20 Diversified AUD 4.91 962.88 22.44 5.36 122.47 Daiwa House REIT Investment Corporation Diversified Charter Hall Long WALE REIT Aventus Group Shopping Center AUD 2.31 857.98 9.31 7.09 95.55 Nippon Prologis REIT, Inc. Industrial JPY 236,100.00 4,748.39 29.63 3.32 152.14 Industrial JPY 120,800.00 4,260.53 25.54 4.41 145.31 National Storage REIT Self-Storage AUD 1.67 780.16 19.37 5.62 105.24 GLP J-REIT Charter Hall Education Trust Specialty AUD 3.63 756.46 11.04 4.35 126.36 JPY 464,000.00 3,940.31 31.68 3.15 179.41 Diversified AUD 4.81 652.74 NM 4.35 155.64 Japan Prime Realty Investment Corporation Office ALE Property Group Centuria Metropolitan REIT Diversified AUD 2.63 649.55 25.34 6.71 105.68 Advance Residence Investment Corporation Multifamily JPY 314,000.00 3,900.08 30.35 3.44 192.62 Centuria Industrial REIT Industrial AUD 3.06 565.84 8.27 6.18 113.44 JPY 88,100.00 3,617.01 17.99 4.18 173.75 Health Care AUD 2.75 555.35 16.08 4.78 162.01 Japan Hotel REIT Investment Corporation Hotel Arena REIT Ingenia Communities Group Health Care AUD 3.19 522.69 26.58 3.46 121.58 Daiwa Office Investment Corporation Office JPY 751,000.00 3,398.65 31.30 3.24 145.36 Investec Australia Property Fund Diversified ZAR 13.69 521.61 13.90 7.51 104.32 Activia Properties Inc. Office JPY 469,500.00 3,331.40 24.49 4.15 146.55 GDI Property Group Office AUD 1.33 495.59 9.59 5.85 106.37 Invincible Investment Corporation Diversified JPY 57,800.00 3,013.56 19.22 5.64 147.97 Hotel Property Investments Diversified AUD 3.47 351.05 11.98 5.65 122.47 Kenedix Office Investment Corporation Office JPY 747,000.00 2,945.05 25.99 3.53 139.59 Carindale Property Trust Shopping Center AUD 6.70 325.11 26.59 5.70 82.89 Sekisui House Reit, Inc. Diversified JPY 81,100.00 2,807.12 20.62 3.82 124.20 APN Industria REIT Diversified AUD 2.81 317.19 15.70 6.03 142.98 Mori Hills REIT Investment Corporation Diversified JPY 149,500.00 2,578.95 26.48 3.78 143.32 Australian Unity Office Fund Office AUD 2.80 316.05 17.41 5.63 104.78 Nippon Accommodations Fund Inc. Multifamily JPY 573,000.00 2,554.34 31.27 3.37 198.07 US Masters Residential Property Fund Multifamily AUD 0.99 258.60 NM 10.10 66.17 AEON REIT Investment Corporation Shopping Center JPY 136,000.00 2,223.93 22.70 4.46 122.07 APN Convenience Retail REIT Other Retail AUD 2.98 163.03 8.13 6.94 101.14 Industrial & Infrastructure Fund Investment Corporation Industrial JPY 130,100.00 2,142.02 23.90 4.31 170.30 Asia Pacific Data Centre Group Data Center AUD 1.94 154.65 NM 3.35 NM Vitalharvest Freehold Trust Land AUD 0.96 122.47 NM 4.19 102.79 Elanor Retail Property Fund Shopping Center AUD 1.20 107.08 39.22 8.18 134.88 Aspen Group Diversified AUD 0.98 65.09 NM 4.51 70.21 HONG KONG INSTITUTION NAME PROPERTY TYPE CURRENCY CLOSING PRICE^ (LOCAL CURRENCY) MARKET CAPITALISATION (US$M)^ P/E (%) DIVIDEND YIELD (%) PRICE/ BOOK (%) MORI TRUST Sogo Reit, Incorporation Diversified JPY 172,500.00 2,094.95 23.53 4.25 142.40 Frontier Real Estate Investment Corporation Other Retail JPY 458,500.00 2,092.34 22.30 4.53 149.73 Hulic Reit, Inc. Diversified JPY 179,800.00 2,069.46 24.60 3.85 134.52 Japan Logistics Fund, Inc. Industrial JPY 241,800.00 2,013.49 23.74 3.88 163.14 Japan Excellent, Inc. Office JPY 161,200.00 1,936.51 NM 3.45 146.44 NIPPON REIT Investment Corporation Diversified JPY 424,500.00 1,757.25 24.84 4.25 146.49 Comforia Residential REIT, Inc Multifamily JPY 297,500.00 1,754.05 27.52 3.39 169.07 RNY Property Trust Office AUD 0.01 0.91 NM 0.00 25.78 Premier Investment Corporation Diversified JPY 138,500.00 1,678.20 25.70 4.03 146.74 Link Real Estate Investment Trust Shopping Center HKD 93.80 25,239.26 10.88 2.76 109.83 Tokyu REIT, Inc. Diversified JPY 177,100.00 1,592.91 28.58 3.38 152.05 28 29

REIT ASIAPAC MAGAZINE REITASIAPAC 2Q 2019 ISSUE | Page 28