Global Real Estate Mid-Large Cap Stocks

Japan Metropolitan Fund Investment

Market Cap: JP¥706.3b

Japan Metropolitan Fund Investment Corporation (JMF) has been listed on the Real Estate Investment Trust (“REIT”) Section on the Tokyo Stock Exchange (Securities code: 8953) as Japan Retail Fund in March 2002.

Mapletree Industrial Trust

Market Cap: S$5.5b

A real estate investment trust (“REIT”) listed on the Main Board of Singapore Exchange.

Japan Excellent

Market Cap: JP¥174.8b

Japan Excellent, Inc. (hereinafter, "JEI"), established on February 20, 2006 under the Law Concerning Investment Trusts and Investment Corporations of Japan (the "Investment Trust Law"), is a real estate investment corporation which primarily invests in office buildings.

Nippon Prologis REIT

Market Cap: JP¥660.0b

NPR was established on Nov. 7, 2012 based on the Act on Investment Trust and Investment Corporation (investment trust law) and was listed on the REIT Securities Market (J-REIT Market) of the Tokyo Stock Exchange (“TSE”) on Feb.

Mori Hills REIT Investment

Market Cap: JP¥254.7b

The Company was incorporated by Mori Building Investment Management Co., Ltd.

Gecina

Market Cap: €6.7b

As a specialist for centrality and uses, Gecina operates innovative and sustainable living spaces.

Retail Estates

Market Cap: €948.6m

The Belgian public real estate investment trust Retail Estates nv is a niche player specialised in making out-of town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users.

Argan

Market Cap: €1.6b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

Daiwa House REIT Investment

Market Cap: JP¥549.3b

Our investment strategy is to target a diversified portfolio, focusing on logistics, residential, retail and hotel properties as our core asset classes, as well as other asset classes such as office buildings and healthcare properties.

BXP

Market Cap: US$11.7b

BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC.

NNN REIT

Market Cap: US$7.6b

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases.

Primary Health Properties

Market Cap: UK£1.3b

Primary Health Properties (LSE and JSE: PHP) is a leading investor in modern primary healthcare properties across the UK and Ireland.

Saul Centers

Market Cap: US$1.1b

A self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 62 properties, which includes (a) 50 community and neighborhood shopping centers and eight mixed-use properties with approximately 10.2 million square feet of leasable area and (b) four non-operating land and development properties.

Hulic Reit

Market Cap: JP¥215.6b

Hulic Reit was successfully listed on the REIT section of the Tokyo Stock Exchange on February 7, 2014, and has gradually expanded its asset size.

Japan Prime Realty Investment

Market Cap: JP¥358.1b

Japan Prime Realty Investment Corporation (JPR) was established on September 14, 2001, under the Act on Investment Trusts and Investment Corporations (Act No.

Frontier Real Estate Investment

Market Cap: JP¥219.9b

Frontier Real Estate Investment Corporation (“FRI”) is a REIT specializing in retail facilities and was listed on the Real Estate Investment Trust Market (the J-REIT market) of the Tokyo Stock Exchange in August 2004.

LTC Properties

Market Cap: US$1.6b

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending.

Realty Income

Market Cap: US$49.4b

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies.

SmartCentres Real Estate Investment Trust

Market Cap: CA$4.4b

SmartCentres is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country.

Daiwa Securities Living Investment

Market Cap: JP¥220.5b

Daiwa Securities Living Investment Corporation (hereinafter referred to as “the Investment Corporation”) is listed on the Tokyo Stock Exchange in June 2006 (stock code: 8986) and is located in the metropolitan area and major cities throughout Japan (Sapporo City, Sendai City) It is a rental apartment specialized REIT (REIT) that invests in rental apartments in Nagoya City, Osaka City, Fukuoka City, etc.

Sekisui House Reit

Market Cap: JP¥339.1b

A real estate investment trust externally managed by Sekisui House Asset Management, Ltd.

Mapletree Logistics Trust

Market Cap: S$5.6b

MLT, the first Asia-focused logistics REIT in Singapore, was listed on the SGX-ST Main Board on 28 July 2005.

Industrial & Infrastructure Fund Investment

Market Cap: JP¥296.5b

Industrial & Infrastructure Fund Investment Corporation (“IIF”) is the first J-REIT focused on acquiring and operating both industrial and infrastructure properties in Japan-properties that play a vital role in the Japanese economy, and for which IIF expects to see stable demand in the mid to long term.

Heiwa Real Estate REIT

Market Cap: JP¥158.6b

HEIWA REAL ESTATE REIT, Inc. ("the Investment Corporation") raises funds from investors, investing said funds primarily in real estate, working toward growth for managed assets and stable medium- to long-term profits.

Daiwa Office Investment

Market Cap: JP¥288.9b

Daiwa Office Investment Corporation was established on July 11, 2005, in accordance with the Act on Investment Trusts and Investment Corporations (Act No.

Highwoods Properties

Market Cap: US$3.3b

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.

Kilroy Realty

Market Cap: US$3.8b

Kilroy Realty Corporation (NYSE: KRC, the “Company”, “Kilroy”) is a leading U.S.

Alexandria Real Estate Equities

Market Cap: US$12.3b

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.

National Storage Affiliates Trust

Market Cap: US$4.4b

A real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States.

CubeSmart

Market Cap: US$9.7b

A self-administered and self-managed real estate investment trust.

DEXUS

Market Cap: AU$7.8b

Dexus (ASX: DXS) is a leading Australasian fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at $54.5 billion.

Choice Properties Real Estate Investment Trust

Market Cap: CA$10.7b

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

Camden Property Trust

Market Cap: US$12.8b

An S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities.

Regency Centers

Market Cap: US$13.2b

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics.

Extra Space Storage

Market Cap: US$32.3b

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500.

Kite Realty Group Trust

Market Cap: US$5.1b

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets.