Investor Presentaiton

What Assets Can a REIT Own? Rental income Earning Real Estate Projects GB Commercial Sectors Offices, Hotels, Retail, Industrial, Healthcare NOT PERMITTED Agricultural Land Speculative landbank Min. 80% completed & income producing assets Max. 20% under-construction assets Leverage Restrictions Unitholder approval needed for Debt to Capitalization above 25% Debt to Capitalization capped at 49% 7

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