REIT ASIAPAC MAGAZINE REITASIAPAC 3Q 2018 ISSUE

REIT ASIAPAC DIRECTORY Asia Pacific REITS by Country INSTITUTION NAME PROPERTY TYPE CLOSING PRICE (LOCAL CURRENCY) MARKET CAPITALISATION (US$MLN) P/E (%) INSTITUTION NAME PROPERTY TYPE CLOSING PRICE (LOCAL CURRENCY) MARKET CAPITALISATION (US$MLN) P/E (%) DIVIDEND YIELD (%) PRICE/ BOOK (%) 928.32 3.86 6.50 44.76 HONG KONG (HKD) DIVIDEND YIELD (%) PRICE/ BOOK (%) AUSTRALIA (AUD) Regal Real Estate Investment Trust Hotel 2.23 Hui Xian Real Estate Investment Trust Diversified 3.59 2,640.25 17.10 8.63 66.81 Spring Real Estate Investment Trust Office 4.03 653.54 51.50 5.86 66.78 Abacus Property Group Diversified 3.41 1,431.13 7.82 5.28 105.64 Link Real Estate Investment Trust Shopping Center 77.05 20,796.06 2.38 3.24 92.76 Charter Hall Retail Real Estate Investment Trust Shopping Center 4.24 1,235.27 13.03 6.65 100.59 Champion Real Estate Investment Trust Office 5.48 4,094.85 3.38 4.57 49.61 Convenience Retail REIT Other Retail 2.80 159.95 8.52 7.18 97.64 Sunlight Real Estate Investment Trust Diversified 5.26 1,105.87 8.48 5.04 58.24 Prosperity Real Estate Investment Trust Diversified 3.04 575.44 5.24 5.87 53.68 Yuexiu Real Estate Investment Trust Diversified 5.13 1,992.64 14.07 6.58 94.15 Kenedix Retail REIT Corporation Diversified 243,300.00 1,088.46 19.45 5.14 105.95 Cromwell Property Group Diversified 1.07 1,541.39 8.47 7.54 111.72 DEXUS Diversified 10.56 7,775.32 7.34 4.53 106.91 Elanor Retail Property Fund Shopping Center 1.25 116.48 7.73 8.25 139.80 Folkestone Education Trust Specialty 2.82 523.41 6.46 5.43 101.48 GDI Property Group Office 1.32 515.59 6.32 5.87 108.25 Goodman Group Industrial 10.36 13,602.47 17.27 2.70 203.36 GPT Group Diversified 5.21 6,806.72 6.45 4.78 97.77 Japan Hotel REIT Investment Corporation Hotel 82,700.00 2,922.83 25.97 4.70 171.21 JAPAN (JPY) Growthpoint Properties Australia Diversified 3.89 1,938.47 8.76 5.71 121.80 Japan Logistics Fund, Inc. Industrial 223,500.00 1,800.05 24.96 0.00 150.53 Hotel Property Investments Diversified 3.16 333.83 7.46 6.20 113.39 405,000.00 3,293.96 27.96 3.60 156.64 Diversified 2.71 319.43 6.42 6.14 138.47 Japan Prime Realty Investment Corporation Diversified Industria REIT Investa Office Fund Office 5.52 2,391.08 4.48 3.68 100.89 Premier Investment Corporation Diversified 119,400.00 1,385.64 21.37 4.36 126.52 Multifamily 89,800.00 1,297.77 23.32 4.35 135.82 Investec Australia Property Fund Limited Diversified 1.22 423.63 4.95 8.01 94.80 Japan Rental Housing Investments Inc. 206,100.00 4,754.58 22.26 4.30 124.62 Diversified 2.41 6,482.88 7.13 4.56 103.29 Japan Retail Fund Investment Corporation Shopping Center Mirvac Group National Storage REIT Self-Storage 1.67 808.09 5.37 5.73 105.21 Kenedix Office Investment Corporation Office 725,000.00 2,737.54 25.18 3.64 137.40 Propertylink Group Diversified 1.12 486.50 6.57 6.55 106.17 173,900.00 1,331.83 12.36 4.31 137.88 Office 0.01 1.14 NM 0.00 33.09 Kenedix Residential Next Investment Corp. Multifamily RNY Property Trust Scentre Group Regional Mall 3.97 15,242.89 7.23 5.53 90.04 Star Asia Investment Corporation Diversified 103,600.00 490.66 18.67 6.13 103.11 Shopping Centres Australasia Property Group Shopping Center 2.40 1,309.87 8.51 5.79 104.47 Stockland Diversified 4.15 7,279.01 14.82 6.39 97.06 US Masters Residential Property Fund Multifamily 1.57 418.83 NM 6.37 Vicinity Centres Shopping Center 2.62 7,342.47 10.94 6.22 LaSalle LOGIPORT REIT Industrial 104,500.00 1,012.91 22.60 4.48 106.10 Sekisui House Reit, Inc. Diversified 71,900.00 2,383.53 13.29 4.25 61.76 Daiwa House REIT Investment Corporation Diversified 259,900.00 4,413.16 30.75 3.92 116.72 108.38 83.78 Daiwa Office Investment Corporation Office 685,000.00 2,968.99 31.26 3.48 132.81 MCUBS MidCity Investment Corporation Office 86,400.00 1,250.97 25.01 6.00 101.84 Mori Hills REIT Investment Corporation Diversified 144,400.00 2,385.73 26.23 3.87 140.94 Vitalharvest Freehold Trust Land 0.96 128.56 NA 0.00 NA Viva Energy REIT Energy Infrastructure 2.20 1,155.74 14.01 6.18 NM Charter Hall Long WALE REIT Diversified 4.20 706.23 13.28 6.26 103.75 Charter Hall Group Diversified 7.16 2,414.02 12.97 4.16 182.98 MORI TRUST Sogo Reit, Incorporation Diversified 162,000.00 1,884.30 22.34 4.51 133.74 Ingenia Communities Group Health Care 3.00 453.47 18.07 3.58 116.93 Nippon Accommodations Fund Inc. Multifamily 506,000.00 2,160.36 27.57 3.57 174.90 Nippon Building Fund Incorporation Office 657,000.00 8,174.51 33.11 3.01 171.93 Centuria Metropolitan REIT Diversified 2.53 444.64 6.66 7.15 100.62 Aventus Retail Property Fund Shopping Center 2.20 787.43 9.02 7.41 92.51 Nippon Prologis REIT, Inc. Industrial 224,900.00 4,332.03 29.43 3.45 144.56 Australian Unity Office Fund Office 2.65 312.35 2.85 5.91 99.22 NIPPON REIT Investment Corp. Diversified 367,500.00 1,457.01 21.62 4.61 127.82 Aspen Group Diversified 0.97 67.27 30.81 4.35 69.01 Nomura Real Estate Master Fund, Inc. Diversified 155,200.00 5,910.41 30.30 3.98 116.96 Asia Pacific Data Centre Group Data Center 1.81 150.25 NM 4.99 NM One REIT, Inc Office 245,700.00 514.19 14.35 5.51 111.69 ORIX JREIT Inc. Diversified 177,400.00 4,314.44 26.07 3.75 141.86 Arena REIT Health Care 2.36 462.56 13.47 5.66 141.13 BWP Trust Single Tenant 3.34 1,553.07 13.46 5.33 117.05 Japan Excellent, Inc. Office 150,600.00 1,732.73 26.58 3.62 136.62 ALE Property Group Diversified 5.28 748.22 11.41 3.94 166.70 Invincible Investment Corporation Diversified 47,500.00 2,405.94 13.87 6.55 125.57 Japan Real Estate Investment Corporation Office 596,000.00 7,274.84 31.75 3.10 165.78 Centuria Industrial REIT Industrial 2.84 510.56 7.14 6.74 108.93 Carindale Property Trust Shopping Center 8.09 409.92 23.38 4.97 99.38 28 29

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