Investor Presentaiton

FFO growth throughout Level 3 Strategy ... Strategy aims to grow FFO per share 1.5x versus 2018 base VEST^ Vesta growth path 2014-2024 GLA in M SF / FFO¹ per share in US $ FFO per share (US$) 0.21 0.19 0.17 0.15 0.13 0.11 2014-2019 FFO per share CAGR: 15.3% 0.09 Vesta Stage 2 2024 Vesta Level 3 2019 2019-2024 projected FFO per share CAGR: 7.9% 0.07 2014 0.05 15 20 25 30 35 40 40 GLA (M SF) 1 Pre-tax FFO. Sources: Vesta financial statements and projections. 45 82 82

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