Pharmaceuticals & Biotech Real Estate Sector

Ashford Hospitality Trust

Market Cap: US$36.2m

A REIT.

Ground Rents Income Fund

Market Cap: UK£25.8m

Ground Rents Income Fund Limited ('the Company') is a closed-ended real estate investment trust incorporated in England on 23 April 2012.

R&R Real Estate Investment Trust

Market Cap: CA$45.6m

R&R REIT is an open-ended real estate investment trust focused on increasing unitholder value through the acquisition and ownership of hotel properties located in the United States.

InnSuites Hospitality Trust

Market Cap: US$30.5m

InnSuites Hospitality Trust (NYSE American symbol: IHT) first listed on the NYSE in 1971 is headquartered in Phoenix, Arizona is an unincorporated Ohio Business.

Ravelin Properties REIT

Market Cap: CA$41.2m

Ravelin Properties REIT (the “REIT”) is an unincorporated, open-ended real estate investment trust governed by the laws of the Province of Ontario pursuant to an amended and restated Declaration of Trust dated as of December 31, 2024, as it may be further amended, supplemented or amended and restated from time to time (the "Declaration of Trust").

Silver Star Properties REIT

Market Cap: US$28.6m

Silver Star Properties REIT, Inc. (“Silver Star”) is a REIT set up by The Hartman Companies and formerly known as Hartman Short Term Properties XX, Inc.

Firm Capital Apartment Real Estate Investment Trust

Market Cap: CA$39.3m

Firm Capital Apartment Real Estate Investment Trust (the “Trust”) is a U.S.

abrdn Property Income Trust

Market Cap: UK£20.6m

The objective of abrdn Property Income Trust Limited is to provide shareholders with an attractive level of income together with the prospect of income and capital growth.

Inovalis Real Estate Investment Trust

Market Cap: CA$31.6m

Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada.

Medalist Diversified REIT

Market Cap: US$17.0m

Medalist Diversified REIT Inc. is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S.

MacKenzie Realty Capital

Market Cap: US$17.0m

MacKenzie Realty Capital, Inc. (the “Parent Company” together with its subsidiaries as discussed below, collectively, the “Company,” “we,” “us,” or “our”) was incorporated under the general corporation laws of the State of Maryland on January 27, 2012.

Sotherly Hotels

Market Cap: US$15.9m

A self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States.

Office Properties Income Trust

Market Cap: US$14.9m

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S.

CorEnergy Infrastructure Trust

Market Cap: US$14.5m

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a real estate investment trust that owns and operates or leases regulated natural gas transmission and distribution lines and crude oil gathering, storage and transmission pipelines and associated rights-of-way.

Highlands REIT

Market Cap: US$14.4m

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”).

Sun Residential Real Estate Investment Trust

Market Cap: CA$19.3m

An unincorporated open-ended real estate investment trust established pursuant to a declaration of trust dated January 22, 2019, as amended and restated on March 22, 2019 and November 4, 2020.

Palmetto Real Estate Trust

Market Cap: US$12.4m

Palmetto Real Estate Trust has been organized as a qualified real estate investment trust under the Internal Revenue Code and the applicable state laws.

Generation Income Properties

Market Cap: US$8.9m

Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.

Presidio Property Trust

Market Cap: US$8.1m

Presidio Property Trust, Inc. (“we”, “our”, “us” or the “Company”) is an internally-managed real estate investment trust (“REIT”), with holdings in office, industrial, retail and model home properties.

Nova Net Lease REIT

Market Cap: US$6.3m

Nova Net Lease REIT (the "REIT") was formed on July 27, 2021, as a newly created, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario, where one unit of the REIT was issued for $10 in cash.

Creative Media & Community Trust

Market Cap: US$5.3m

As of March 31, 2025, our real estate portfolio consisted of 27 assets, all of which were fee-simple properties and five of which we own through investments in unconsolidated joint ventures (the “Unconsolidated Joint Ventures”).

Selectis Health

Market Cap: US$4.6m

Selectis Health owns and/or operates healthcare facilities in Arkansas, Georgia, Ohio, and Oklahoma, providing a wide array of living services, speech, occupational, physical therapies, social services, and other rehabilitation and healthcare services.

KCR Residential REIT

Market Cap: UK£3.2m

A public company limited by shares incorporated in the United Kingdom and registered in England and Wales.

Power REIT

Market Cap: US$3.9m

Power REIT, with a focus on the “Triple Bottom Line” and a commitment to Profit, Planet and People is a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation.

Lanesborough Real Estate Investment Trust

Market Cap: CA$3.4m

LREIT is a real estate investment trust, which is listed on the TSX Venture Exchange under the symbol LRT.UN (Trust Units).

Alina Holdings

Market Cap: UK£1.7m

Engages in the investment and rental of properties in the United Kingdom.

Walls & Futures Reit

Market Cap: UK£751.0k

Operates as a single-family residential REIT company.

Strategic Realty Trust

Market Cap: US$767.0k

Strategic Realty Trust ('SRT') is a Real Estate Investment Trust focused on owning High Quality West Coast Urban and Street Retail Properties.

Pine Trail Real Estate Investment Trust

Market Cap: CA$1.1m

A real estate investment firm.

Wheeler Real Estate Investment Trust

Market Cap: US$636.7k

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc.

Pillarstone Capital REIT

Market Cap: US$215.0k

Paragon Real Estate Equity and Investment Trust does not have significant operations.

Presidential Realty

Market Cap: US$137.0

Presidential Realty Corporation ("Presidential" or the "Company") is operated as a self-administrated, self-managed Real Estate Investment Trust ("REIT").