Brazilian Real Estate Potentially Undervalued Companies

Lineage

Market Cap: R$9.9b

Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 485 strategically located facilities totaling approximately 86 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific.

Americold Realty Trust

Market Cap: R$3.5b

Americold is a global leader in temperature-controlled logistics real estate and value-added services.

NETSTREIT

Market Cap: R$1.5b

An internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide.

Ventas

Market Cap: R$31.3b

Ventas, Inc. (NYSE: VTR) is a leading S&P 500 real estate investment trust enabling exceptional environments that benefit a large and growing aging population.

Fundo de Investimento Imobiliário - FII BTG Pactual Office Fund

Market Cap: R$1.2b

A real estate investment trust co-launched by BTG Pactual Serviços Financeiros and BTG Pactual Gestora de Recursos Ltda.

Lamar Advertising

Market Cap: R$12.6b

Operates as an outdoor advertising company in the United States and Canada.

Sun Communities

Market Cap: R$16.4b

Established in 1975, Sun Communities, Inc.

Iron Mountain

Market Cap: R$29.9b

Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds.

Gaming and Leisure Properties

Market Cap: R$13.5b

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

Alexandria Real Estate Equities

Market Cap: R$14.9b

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world.

Medical Properties Trust

Market Cap: R$2.9b

A self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

Omega Healthcare Investors

Market Cap: R$12.7b

A Real Estate Investment Trust (“REIT”) providing financing and capital to the long-term healthcare industry in the United States and the United Kingdom with a focus on skilled nursing and assisted living facilities, including care homes in the United Kingdom.