Quarterly Rebalancing GPR 250 Index Series 16 March 20 20

Quarterly Rebalancing GPR 250 Index series 16 March 20 20

Final Constituents GPR 250 Index Series

Global Property Research announces the final constituents of the GPR 250 Index Series, which will become effective as of 23 March 2020 (start of trading). The GPR 250 Index Series is a free float weighted index that tracks the performance of the 250 leading and most liquid property companies worldwide. Companies are selected on US dollar trade volume of the share in the past 12 months. Only companies with a free float market capitalization above US$ 50m and a free float percentage of at least 15% are eligible for inclusion. The constituents of the GPR 250 Index Series as of 23 March 2020 can be found on the next pages.

The constituent changes of the GPR 250 Index and the GPR 250 REIT Index (indicated with an asterisk) are as follows:

Inclusions Exclusions Country Company Country Company

Australia Viva Energy REIT * Canada Artis REIT * Aliansce Sonae Shopping Centers Brazil Canada Dream Office REIT * S.A. Canada Dream Industrial REIT * United Kingdom Intu Properties plc *

Japan Japan Excellent * United States CBL & Associates Properties * Japan Rental Housing Japan United States Chatham Lodging Trust * Investments Inc. * Preferred Apartment Norway Entra ASA United States Communities Inc * United Kingdom LondonMetric Property Plc *

United Kingdom Primary Health Properties *

The GPR 250 Index and the GPR 250 REIT Index series are distributed via our website www.globalpropertyresearch.com , Bloomberg, Reuters, ThomsonReuters/Datastream, ThomsonReuters/Eikon, FactSet Research Systems, Inc., Wilshire Associates, Inc., Financial Express, Morningstar, Inc., EcoWin, Capco, DeltaOne Solutions, FinInfo, Rimes Technologies Inc., IHS Markit, ThomsonReuters/Vestek and StatPro.

Analysts: Global Property Research Phone: +31 20 3488 451/452 Jeroen Vreeker [email protected] Beethovenstraat 300 | P.O. Box 75666 Fax: +31 20 3488 962 Floris van Dorp [email protected] 1070 AR Amsterdam | The Netherlands Email: [email protected] | www.globalpropertyresearch.com

Quarterly Rebalancing GPR 250 Index series 16 March 20 20

Americas

Brazil Digital Realty Trust * Office Properties Income Trust * Aliansce Sonae Shopping Centers S.A. Diversified Healthcare Trust * Omega Healthcare Investors * BR Malls Participaçoes S.A. Douglas Emmett Inc. * Paramount Group, Inc. * Iguatemi Empresa de Shopping Centers SA Duke Realty Corporation * Pennsylvania REIT * Multiplan Empreendimentos Imobiliarios SA Easterly Government Properties Inc. * Physicians Realty Trust * EastGroup Properties * Piedmont Office Realty Trust, Inc. - Cl. A * Canada Empire State Realty Trust Inc * Prologis, Inc * Allied Properties REIT * EPR Properties * PS Business Parks, Inc. * Boardwalk REIT * Equity Commonwealth * Public Storage, Inc. * Brookfield Property Partners LP Equity LifeStyle Properties * QTS Realty Trust Inc * Canadian Apartment Properties REIT * Equity Residential * Realty Income Corp. * Chartwell Retirement Residences Essex Property Trust Inc. * Regency Centers Corporation * Choice Properties REIT * Extended Stay America Inc * Retail Opportunity Investments Corp. * Cominar REIT * Extra Space Storage * Retail Properties of America - Class A * Dream Industrial REIT * Federal Realty Invs Trust * Rexford Industrial Realty, Inc * First Capital REIT * First Industrial Realty Trust, Inc. * RLJ Lodging Trust * Granite REIT * Gaming & Leisure Properties Inc. * RPT Realty * H&R REIT * Global Net Lease Inc * Sabra Health Care REIT * InterRent REIT * Healthcare Realty Trust, Inc. * Seritage Growth Properties * Killam Apartment REIT * Healthcare Trust of America Inc. * Simon Property Group, Inc. * Northview Apartment REIT * Healthpeak Properties Inc. * SITE Centers Corporation * RioCan REIT * Hersha Hospitality Trust * SL Green Realty Corp. * SmartCentres REIT * Highwoods Properties, Inc. * Spirit Realty Capital, Inc * Summit Industrial Income REIT * Hudson Pacific Properties, Inc. * STAG Industrial Inc. * Independence Realty Trust * Store Capital Corporation * Mexico Industrial Logistics Properties Trust * Summit Hotel Properties Inc. * Fibra Uno Administracio SA * Innovative Industrial Properties Inc. * Sun Communities, Inc. * Invitation Homes Inc * Tanger Factory Outlet Centrs * United States JBG SMITH Properties * Taubman Centers, Inc. * Acadia Realty Trust * Kennedy-Wilson Holdings Inc. Terreno Realty Corp. * Agree Realty Corp * Kilroy Realty Corp. * The Macerich Company * Alexandria Real Estate Equities Inc. * Kimco Realty Corp. * UDR Inc.* American Assets Trust Inc. * Kite Realty Group Trust * Urban Edge Properties * American Campus Communities * Lexington Realty Trust * Ventas, Inc. * American Homes 4 Rent * Life Storage, Inc. * VEREIT, Inc. * Apartment Inv & Mgmt Co.* LTC Properties * Vornado Realty Trust * Apple Hospitality REIT * Mack-Cali Realty Corp. * Washington Prime Group Inc * AvalonBay Communities, Inc. * Medical Properties Trust * Washington REIT * Boston Properties, Inc. * MGM Growth Properties LLC * Weingarten Realty Invst * Brandywine Realty Trust * Mid-America Apartment Communities Inc. * Welltower Inc * Brixmor Property Group * Monmouth REIT * WP Carey Inc * Brookfield Property REIT Inc. * National Health Investors * Camden Property Trust * National Retail Properties * CareTrust REIT * National Storage Affiliates Trust * Columbia Property Trust * CorePoint Lodging Inc. * Corporate Office Properties Trust * Cousins Properties Inc. * CubeSmart * CyrusOne Inc *

Quarterly Rebalancing GPR 250 Index series 16 March 20 20

Europe

Austria Netherlands United Kingdom Immofinanz Group Unibail-Rodamco Westfield * British Land Company Plc * Wereldhave NV * Capital & Counties Properties PLC * Belgium Derwent London Plc * Cofinimmo SA * Norway Great Portland Estates Plc * Warehouses De Pauw * Entra ASA Hammerson Plc * Land Securities Plc * France Spain LondonMetric Property Plc * Covivio * Inmobiliaria Colonial, SOCIMI, S.A.* Primary Health Properties * Gecina * MERLIN Properties SOCIMI, S.A. * Segro Plc * Icade * Shaftesbury Plc * Klépierre * Sweden The UNITE Group plc * Castellum AB Tritax Big Box REIT plc * Germany Fabege Alstria Office REIT AG * Fastighets AB Balder Aroundtown SA Hufvudstaden AB Deutsche EuroShop Samhällsbyggnadsbolaget i Norden AB - Class B Deutsche Wohnen SE Grand City Properties SA Switzerland LEG Immobilien AG PSP Swiss Property TAG Immobilien AG Swiss Prime Site Vonovia SE

Quarterly Rebalancing GPR 250 Index series 16 March 20 20

Africa, Asia and Oceania

South Africa Kenedix Office Investment Corporation * Australia Growthpoint Properties Ltd. * Kenedix Residential Next Investment Corp * Charter Hall Retail REIT * Hyprop Investments Limited * Kenedix Retail REIT Corp * Cromwell Property Group * NEPI Rockcastle PLC LaSalle Logiport REIT * Dexus * Redefine Properties Limited * MCUBS MidCity Investment Corp * Goodman Group * Resilient Property Income Fund * Mitsubishi Estate Co. Ltd. Mirvac Group * Mitsui Fudosan Scentre Group * Hong Kong Mitsui Fudosan Logistics Park Inc * Shopping Centres Australasia Property Group * Hang Lung Group Mori Hills REIT * Stockland * Hang Lung Properties Mori Trust Sogo REIT * The GPT Group * Henderson Land Development Nippon Accommodations Fund * Vicinity Centres * Hysan Development Co. Nippon Building Fund * Viva Energy REIT * Link REIT * Nippon Prologis REIT Inc * Sino Land Co. NIPPON REIT Investment Corp * Swire Properties Limited Nomura Real Estate Master Fund, Inc. * Wharf Holdings Orix JREIT Inc. * Wharf Real Estate Investment Company Limited Premier Investment Corporation * Wheelock & Co Sekisui House Reit Inc. * Sumitomo Realty & Development Japan Tokyo Tatemono Co. Ltd. Activia Properties Inc * United Urban Investment Corporation * Advance Residence Investment * AEON Mall Co. Ltd. Singapore AEON REIT Investment Corp * Ascendas REIT * Comforia Residential REIT * CapitaLand Commercial Trust * Daiwa House Industry Co Ltd CapitaLand Limited Daiwa House REIT Investment Corp * CapitaLand Mall Trust * Daiwa Office Investment Corporation * City Developments Ltd. Frontier Real Estate Investment Corporation * Frasers Logistics and Industrial Trust * GLP J-REIT * Hongkong Land Holdings Limited Hulic Co., Ltd. Keppel DC REIT * Hulic REIT * Keppel REIT * Industrial & Infrastructure Fund Invest. Corp. * Mapletree Commercial Trust * Invesco Office J-REIT Inc. * Mapletree Industrial Trust * Invincible Investment Corporation * Mapletree Logistics Trust * Japan Excellent * Mapletree North Asia Commercial Trust * Japan Hotel REIT Investment * Suntec REIT * Japan Logistics Fund * Japan Prime Realty Investment Corporation * Japan Real Estate Investment * Japan Rental Housing Investments Inc. * Japan Retail Fund Investment *

Quarterly Rebalancing GPR 250 Index series 16 March 20 20

GPR 250 Index (World) GPR 250 Index (Sector)

Oceania Africa 4.8% 0.6% Retail Div ersified Europe 17.8% 19.8% 14.3%

HealthCare 8.2% Residential 18.4% Hotel Asia Americas 0.8% 21.1% 59.2%

Other Industrial 0.9% Office 18.6% 15.4%

GPR 250 Index (Africa + Asia + GPR 250 Index (Americas) Oceania)

South Africa Brazil Canada Singapore Australia Mex ico

Hong Kong

Japan United States

GPR 250 Index (Europe)

United Kingdom Austria Belgium France

Sw itzerland

Germany Sw eden

Spain Norw ay Netherlands