REIT ASIAPAC MAGAZINE REITASIAPAC 4Q 2018 ISSUE

REIT ASIAPAC DIRECTORY Asia Pacific REITS by Country HONG KONG INSTITUTION NAME AUSTRALIA INSTITUTION NAME PROPERTY TYPE CURRENCY CLOSING PRICE (LOCAL CURRENCY) MARKET CAPITALISATION (US$MLN) P/E (%) DIVIDEND YIELD (%) PRICE/ BOOK (%) PROPERTY TYPE CURRENCY CLOSING PRICE (LOCAL CURRENCY) MARKET CAPITALISATION (US$MLN) P/E (%) DIVIDEND YIELD (%) PRICE/ BOOK (%) Link Real Estate Investment Trust Shopping Center HKD 79.30 21,385.97 9.20 3.26 92.85 Champion Real Estate Investment Trust Office HKD 5.36 4,001.93 3.31 4.67 48.52 Hui Xian Real Estate Investment Trust Diversified CNY 3.19 2,670.36 17.32 8.52 67.66 Yuexiu Real Estate Investment Trust Diversified HKD 5.02 1,991.28 13.78 6.73 92.18 Sunlight Real Estate Investment Trust Diversified HKD 5.02 1,055.84 8.10 5.28 55.59 Scentre Group Regional Mall AUD 3.90 14,580.46 7.10 5.63 88.45 Goodman Group Industrial AUD 10.63 13,590.05 17.72 2.75 208.66 Regal Real Estate Investment Trust Full-Service Hotel HKD 2.23 927.57 3.86 6.50 44.76 DEXUS Diversified AUD 10.62 7,613.92 7.38 4.83 107.52 Prosperity Real Estate Investment Trust Diversified HKD 3.00 569.20 5.17 5.95 52.97 Vicinity Centres Shopping Center AUD 2.60 7,021.60 10.86 6.21 83.14 Spring Real Estate Investment Trust Office HKD 3.46 562.15 44.18 6.82 57.29 GPT Group Diversified AUD 5.34 6,793.15 6.61 4.77 100.21 PROPERTY TYPE CURRENCY CLOSING PRICE (LOCAL CURRENCY) MARKET CAPITALISATION (US$MLN) P/E (%) DIVIDEND YIELD (%) PRICE/ BOOK (%) Stockland Diversified AUD 3.52 5,897.88 12.57 7.67 82.32 Mirvac Group Diversified AUD 2.24 5,775.55 6.63 5.04 96.01 Charter Hall Group Diversified AUD 7.42 2,435.91 13.44 4.14 189.62 Growthpoint Properties Australia Diversified AUD 3.74 1,918.37 8.44 6.04 117.37 Shopping Centres Australasia Property Group Shopping Center AUD 2.55 1,644.52 9.04 5.63 111.00 BWP Trust Single Tenant AUD 3.53 1,598.26 14.22 5.09 123.71 Cromwell Property Group Diversified AUD 0.99 1,578.23 7.83 7.87 104.04 Abacus Property Group Diversified AUD 3.27 1,336.29 7.50 5.58 101.31 Charter Hall Retail Real Estate Investment Trust Shopping Center AUD 4.48 1,270.88 13.77 6.36 106.29 Viva Energy REIT Energy Infrastructure AUD 2.25 1,150.93 14.33 6.23 NM Charter Hall Long WALE REIT Diversified AUD 4.28 846.79 13.54 6.14 105.73 National Storage REIT Self-Storage AUD 1.76 826.90 5.65 5.35 110.57 JAPAN INSTITUTION NAME Nippon Building Fund Incorporation Office JPY 691,000 8,840.19 34.82 2.84 180.83 Japan Real Estate Investment Corporation Office JPY 616,000 7,731.17 31.98 3.11 166.99 Nomura Real Estate Master Fund, Inc. Diversified JPY 144,400 5,654.33 29.14 4.29 109.13 Japan Retail Fund Investment Corporation Shopping Center JPY 219,500 5,206.62 24.68 4.04 132.64 United Urban Investment Corporation Diversified JPY 170,200 4,711.21 21.71 4.13 146.46 Nippon Prologis REIT, Inc. Industrial JPY 231,900 4,592.93 30.35 3.57 149.06 ORIX JREIT Inc. Diversified JPY 182,400 4,561.24 26.08 1.84 144.49 Daiwa House REIT Investment Corporation Diversified JPY 245,700 4,289.79 30.09 2.08 109.96 Aventus Group Shopping Center AUD 2.13 797.24 8.73 7.69 89.57 GLP J-REIT Industrial JPY 111,900 3,886.56 23.95 4.62 139.00 ALE Property Group Diversified AUD 4.87 671.97 10.52 4.29 153.76 Advance Residence Investment Corporation Multifamily JPY 302,500 3,700.05 28.81 3.50 185.18 Japan Prime Realty Investment Corporation Diversified JPY 417,000 3,487.28 28.79 3.50 161.29 Centuria Metropolitan REIT Diversified AUD 2.37 595.16 6.31 7.50 95.38 Charter Hall Education Trust Specialty AUD 2.96 537.22 6.78 5.25 106.52 GDI Property Group Office AUD 1.35 513.41 6.47 5.74 110.71 Activia Properties Inc. Office JPY 444,500 3,085.06 23.41 4.38 138.79 Ingenia Communities Group Health Care AUD 3.00 490.93 18.07 3.58 116.93 Daiwa Office Investment Corporation Office JPY 691,000 3,079.52 29.08 3.32 133.98 Propertylink Group Diversified AUD 1.15 486.46 6.75 6.38 109.02 JPY 78,400 2,849.06 24.62 4.96 162.31 Industrial AUD 2.74 479.63 6.88 6.90 105.10 Japan Hotel REIT Investment Corporation Hotel Centuria Industrial REIT Arena REIT Health Care AUD 2.41 460.87 13.76 5.46 144.12 Kenedix Office Investment Corporation Office JPY 700,000 2,717.74 24.35 3.77 130.81 Investec Australia Property Fund Diversified ZAR 12.51 416.34 9.92 7.99 94.82 Sekisui House Reit, Inc. Diversified JPY 70,200 2,392.85 17.84 4.40 107.50 Mori Hills REIT Investment Corporation Diversified JPY 138,100 2,346.04 25.08 3.03 134.79 Carindale Property Trust Shopping Center AUD 7.19 354.74 20.78 5.31 88.32 US Masters Residential Property Fund Multifamily AUD 1.35 350.67 NM 7.41 93.19 Nippon Accommodations Fund Inc. Multifamily JPY 530,000 2,326.69 28.93 3.49 183.21 Diversified JPY 45,200 2,320.75 14.03 7.21 119.35 Hotel Property Investments Diversified AUD 3.18 327.11 7.50 6.16 114.11 Invincible Investment Corporation Industria REIT Diversified AUD 2.73 313.33 6.47 6.15 139.49 AEON REIT Investment Corporation Shopping Center JPY 126,400 2,035.49 21.38 4.74 113.49 Australian Unity Office Fund Office AUD 2.70 309.87 2.91 5.81 101.09 Frontier Real Estate Investment Corporation Other Retail JPY 435,000 1,954.88 21.34 4.75 142.10 Hulic Reit, Inc. Diversified JPY 170,400 1,931.42 23.39 3.99 129.76 Convenience Retail REIT Other Retail AUD 2.84 157.97 8.64 7.20 99.03 Asia Pacific Data Centre Group Data Center AUD 1.94 157.25 NM 4.64 NM Vitalharvest Freehold Trust Land AUD 1.00 130.39 NA 0.00 NA Elanor Retail Property Fund Shopping Center AUD 1.25 113.41 7.73 7.85 139.80 Aspen Group Diversified AUD 0.98 66.18 31.13 4.51 69.72 RNY Property Trust Office AUD 0.01 1.11 NM 0.00 33.09 36 MORI TRUST Sogo Reit, Incorporation Diversified JPY 159,600 1,908.78 21.92 4.57 131.77 Japan Logistics Fund, Inc. Industrial JPY 222,800 1,832.71 24.88 4.18 150.06 Japan Excellent, Inc. Office JPY 148,300 1,754.42 29.00 3.74 134.67 Industrial & Infrastructure Fund Investment Corporation Industrial JPY 113,800 1,751.61 20.70 4.74 148.98 Premier Investment Corporation Diversified JPY 124,900 1,490.37 23.17 4.47 132.33 Comforia Residential REIT, Inc Multifamily JPY 279,600 1,487.03 25.71 3.55 159.28 NIPPON REIT Investment Corporation Diversified JPY 364,000 1,483.87 21.42 4.65 126.60 37

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