Telecom Real Estate Sector

Dream Residential Real Estate Investment Trust

Market Cap: CA$243.6m

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario.

Clipper Realty

Market Cap: US$173.7m

Clipper Realty Inc. (the “Company” or “we”) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a current portfolio in Manhattan and Brooklyn.

US Masters Residential Property Fund

Market Cap: AU$265.8m

US Masters Residential Property Fund (Fund) was established in 2011 and is listed on the Australian Securities Exchange (URF.ASX).

Elanor Commercial Property Fund

Market Cap: AU$260.5m

Elanor Commercial Property Fund (ASX: ECF) is an externally managed real estate investment trust that invests in Australian commercial office assets.

Modiv Industrial

Market Cap: US$167.1m

An internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate.

Firm Capital Property Trust

Market Cap: CA$226.7m

Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income.

NexPoint Diversified Real Estate Trust

Market Cap: US$159.1m

NexPoint Diversified Real Estate Trust (“NXDT”) is an externally advised diversified real estate investment trust (“REIT”), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively.

Braemar Hotels & Resorts

Market Cap: US$152.3m

Together with its subsidiaries (“Braemar”), is a Maryland corporation that invests primarily in high revenue per available room (“RevPAR”) luxury hotels and resorts.

Garda Property Group

Market Cap: AU$233.6m

Garda Diversified Property Fund is a real estate investment trust externally managed by Garda Capital Group.

Residential Secure Income

Market Cap: UK£102.4m

Residential Secure Income plc (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns with a focus on two resident sub-sectors in UK residential - independent retirement rentals and shared ownership - underpinned by an ageing demographic and untapped and strong demand for affordable homeownership.

Bluerock Homes Trust

Market Cap: US$134.9m

Owns and operates single-family properties located in markets with a focus on the life regions of the Sunbelt and areas of the Western United States.

KBS Real Estate Investment Trust III

Market Cap: US$133.7m

KBS Real Estate Investment Trust III, Inc.

Lightstone Value Plus REIT V

Market Cap: US$121.6m

Lightstone Value Plus REIT V, Inc. (“Lightstone REIT V,” which may also be referred to as the “Company,” “we,” “us,” or “our”), was organized as a Maryland corporation on January 9, 2007 and has elected to be taxed, and currently qualifies, as a real estate investment trust (“REIT”) for U.S.

First Real Estate Investment Trust of New Jersey

Market Cap: US$121.4m

First Real Estate Investment Trust of New Jersey, Inc.

Schroder European Real Estate Investment Trust

Market Cap: UK£86.3m

SEREIT invests in European growth cities and regions.

Orion Properties

Market Cap: US$100.6m

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S.

Wave Sync

Market Cap: US$97.7m

Wave Sync Corp. engages in the rental of recreational sports facilities and industrial properties.

Home Reit

Market Cap: UK£71.2m

Home REIT PLC (the "Company") is a closed-ended investment company, incorporated in England and Wales on 19 August 2020 and is registered as a public company limited by shares under the Companies Act 2006 with registered number 12822709.

True North Commercial Real Estate Investment Trust

Market Cap: CA$130.1m

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario.

Palace Capital

Market Cap: UK£65.3m

Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector.

Lightstone Value Plus REIT II

Market Cap: US$86.4m

Lightstone Value Plus REIT II, Inc. (“Lightstone REIT II”), is a Maryland corporation formed on April 28, 2008, which elected to qualify as a real estate investment trust (“REIT”) for United States (the “U.S.”) federal income tax purposes beginning with the taxable year ended December 31, 2009.

New Zealand Rural Land

Market Cap: NZ$136.3m

Invests in rural farmland and forestry land in New Zealand.

Lightstone Value Plus REIT I

Market Cap: US$80.3m

A Maryland corporation (“Lightstone REIT I”), formed on June 8, 2004, which has elected to be taxed and qualify as a real estate investment trust (“REIT”) for United States (“U.S.”) federal income tax purposes.

Canadian Net Real Estate Investment Trust

Market Cap: CA$111.2m

An open-ended trust that acquires and owns high quality triple net and management-free commercial real estate properties.

Alternative Income REIT

Market Cap: UK£59.6m

Alternative Income REIT PLC aims to generate a secure and predictable income return, sustainable in real terms, whilst at least maintaining capital values, in real terms, through investment in a diversified portfolio of UK properties, predominantly within the alternative and specialist sectors.

Aims Property Securities Fund

Market Cap: AU$123.3m

A close-ended fund of funds launched by MacArthurCook Ltd.

Town Centre Securities

Market Cap: UK£58.3m

Town Centre Securities PLC (the "Company") is a public limited company domiciled in the United Kingdom.

Real Estate Investors

Market Cap: UK£56.8m

A publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.

Maxus Realty Trust

Market Cap: US$72.8m

Maxus Realty Trust, Inc. (the Trust), is structured as what is commonly referred to as an umbrella partnership REIT, or UPREIT, structure.

WOTSO

Market Cap: AU$105.4m

Wotso Property is a real estate investment trust externally managed by BlackWall Fund Services Limited.

Highlands REIT

Market Cap: US$65.2m

We are a self-advised and self-administered real estate investment trust (“REIT”) created to own and manage substantially all of the “non-core” investment properties previously owned and managed by our former parent, InvenTrust Properties Corp., a Maryland corporation (“InvenTrust”).

Global Self Storage

Market Cap: US$64.2m

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties.

360 Capital REIT

Market Cap: AU$83.3m

Invests across the entire real estate capital stack to take advantage of varying market conditions in order to maximize risk adjusted returns for unit holders.

Australian Unity Office Fund

Market Cap: AU$78.9m

AOF is an ASX-listed REIT that wholly owns a portfolio of properties located across Australian metropolitan and CBD markets.

Asset Plus

Market Cap: NZ$72.5m

NPT Limited operates as a property company.

Lightstone Value Plus REIT III

Market Cap: US$40.6m

Lightstone Value Plus REIT III, Inc. (“Lightstone REIT III”), before September 16, 2021, is a Maryland corporation, formed on October 5, 2012, which elected to qualify as a real estate investment trust (“REIT”) for United States federal income tax purposes beginning with the taxable year ended December 31, 2015.