38 Corporacion Inmobiliaria Vesta Mexico-Bosque de las Lomas VESTF / OTC Real Estate - General 869 11.4x 5.5% 10.7% 0.1% -1.2% NA www.vesta.com.mx Country Garden Holdings Co Ltd Asia-China-Foshan CTRYF / OTC Real Estate - General 32,651 8.6x 0.0% -18.1% 69.6% 22.8% NA www.countrygarden.com.cn Country Garden Holdings Co Ltd Asia-China-Foshan CTRYY / OTC Real Estate - General 32,651 8.1x 4.2% -23.1% 61.4% 20.4% NA www.countrygarden.com.cn CR2 Empreendimentos Imobiliari Brazil-Rio de Janeiro CREIY / OTC Real Estate - General 12 -- 0.0% -57.3% -35.5% -28.9% NA www.cr2.com.br Cyrela Commercial Propert SA E Brazil-Sao Paulo CYRLY / OTC Real Estate - General 272 6.7x 0.0% 2.1% -14.8% -21.8% -5.0% www.ccpsa.com.br Daiwa House Industry Co Ltd Asia-Japan-Osaka DWAHF / OTC Real Estate - General 21,238 11.1x 1.4% 1.7% 22.2% 15.4% NA www.daiwahouse.co.jp Daiwa House Industry Co Ltd AD Asia-Japan-Osaka DWAHY / OTC Real Estate - General 20,211 9.4x 3.2% -19.7% 9.9% 13.5% 13.7% www.daiwahouse.co.jp Deutsche Wohnen SE EU-Germany-Berlin DWHHF / OTC Real Estate - General 18,225 8.7x 0.0% 6.2% 22.2% 23.3% NA www.deutsche-wohnen.com Deutsche Wohnen SE ADR EU-Germany-Berlin DTCWY / OTC Real Estate - General 18,225 9.3x 1.9% 15.6% NA NA NA www.deutsche-wohnen.com Firm Capital American Realty P Canada-Toronto DELAF / OTC Real Estate - General 44 44.8x 2.7% 9.1% 8.5% NA NA www.firmcapital.com Five Point Holdings LLC A USA-CA-Aliso Viejo FPH / NYSE Real Estate - General 735 28.3x 0.0% -21.6% NA NA NA www.fivepoint.com Forestar Group Inc USA-TX-Austin FOR / NYSE Real Estate - General 1,076 -- 0.0% 16.6% 26.0% 5.1% 2.4% www.forestargroup.com Globe Trade Centre SA ADR EU-Poland-Warsaw GBCEY / OTC Real Estate - General 1,213 5.1x 0.0% 4.3% 6.4% NA NA www.gtc.com.pl Goldcrest Co Ltd Asia-Japan-Tokyo CDCTF / OTC Real Estate - General 598 11.9x 1.0% -11.9% 7.0% -1.5% NA www.goldcrest.co.jp Green Brick Partners Inc USA-TX-Plano GRBK / Nasdaq Real Estate - General 520 19.3x 0.0% -9.3% -5.0% 30.7% -6.3% www.greenbrickpartners.com Grow Condos Inc USA-OR-Eagle Point GRWC / OTC Real Estate - General 17 -- 0.0% 7.6% -57.2% -48.1% NA www.growcondos.com Guangzhou R&F Properties Co Lt Asia-China-Guangzhou GZUHY / OTC Real Estate - General 6,585 1.9x 9.4% -18.0% 23.9% 11.3% NA www.rfchina.com HomeFed Corp USA-CA-Carlsbad HOFD / OTC Real Estate - General 805 108.3x 0.0% -0.5% 7.4% 6.8% 1.7% www.homefedcorporation.com Hongkong Land Holdings Ltd Bermuda-Hamilton HKHGF / OTC Real Estate - General 16,173 4.6x 2.8% 2.8% 4.4% 4.5% NA www.hkland.com Hongkong Land Holdings Ltd ADR Bermuda-Hamilton HNGKY / OTC Real Estate - General 16,173 4.6x 2.9% 2.0% 3.2% 4.4% NA www.hkland.com Huntwicke Capital Group Inc USA-MA-Topsfield HCGI / OTC Real Estate - General 21 9.4x 3.2% -19.7% 9.9% 13.5% 13.7% www.huntwicke.com Hysan Development Co Ltd ADR Asia-Hong Kong HYSNY / OTC Real Estate - General 5,305 8.7x 0.0% 6.2% 22.2% 23.3% NA www.hysan.com.hk Income Opportunity Realty Inve USA-TX-Dallas IOR / NYSE American Real Estate - General 50 9.3x 1.9% 15.6% NA NA NA www.incomeopp-realty.com Innovative Industrial Properti USA-CA-San Diego IIPR / NYSE Real Estate - General 294 -- 0.0% 4.8% -63.7% -39.9% -35.9% www.innovativeindustrialproperties.com IRSA Inversiones y Representac Argentina-Buenos Aires IRS / NYSE Real Estate - General 829 -- 0.0% NA NA NA NA www.irsa.com.ar J. W. Mays Inc USA-NY-Brooklyn MAYS / Nasdaq Real Estate - General 77 -- 0.0% 400.0% 175.2% -17.4% NA www.jwmays.com Kaanapali Land LLC USA-IL-Chicago KANP / OTC Real Estate - General 62 44.8x 2.7% 9.1% 8.5% NA NA www.kaanapalidevelopment.com Kerry Properties Ltd Asia-Hong Kong KRYPF / OTC Real Estate - General 5,562 2.9x 0.0% -23.1% -10.1% -7.8% 1.1% www.kerryprops.com Kerry Properties Ltd ADR Asia-Hong Kong KRYPY / OTC Real Estate - General 5,562 28.3x 0.0% -21.6% NA NA NA www.kerryprops.com Kiwi Property Group Ltd New Zealand-Auckland KWIPF / OTC Real Estate - General 1,306 -- 1.0% 1.5% -14.7% -5.6% 2.3% www.kp.co.nz LEG Immobilien AG EU-Germany-Dusseldorf LEGIF / OTC Real Estate - General 7,806 -- 0.0% 0.0% 14.5% -68.3% -58.5% www.leg.ag Lendlease Group Australia-Sydney LLESF / OTC Real Estate - General 8,582 5.1x 0.0% 4.3% 6.4% NA NA www.lendlease.com Lendlease Group ADR Australia-Sydney LLESY / OTC Real Estate - General 8,489 11.9x 1.0% -11.9% 7.0% -1.5% NA www.lendlease.com Maui Land & Pineapple Co Inc USA-HI-Maui MLP / NYSE Real Estate - General 243 19.3x 0.0% -9.3% -5.0% 30.7% -6.3% www.mauiland.com Megaworld Corp ADR Asia-Philippines-Taguig MGAWY / OTC Real Estate - General 2,795 1.9x 9.4% -18.0% 23.9% 11.3% NA www.megaworldcorp.com Melcor Developments Ltd Canada-Edmonton MODVF / OTC Real Estate - General 383 -- 0.0% 280.0% -93.2% -88.5% -73.5% www.melcor.ca Mitsubishi Estate Co Ltd Asia-Japan-Tokyo MITEF / OTC Real Estate - General 22,723 108.3x 0.0% -0.5% 7.4% 6.8% 1.7% www.mec.co.jp Mitsubishi Estate Co Ltd ADR Asia-Japan-Tokyo MITEY / OTC Real Estate - General 22,723 4.6x 2.8% 2.8% 4.4% 4.5% NA www.mec.co.jp Mitsui Fudosan Co Ltd Asia-Japan-Tokyo MTSFF / OTC Real Estate - General 22,284 4.6x 2.9% 2.0% 3.2% 4.4% NA www.mitsuifudosan.co.jp Mitsui Fudosan Co Ltd ADR Asia-Japan-Tokyo MTSFY / OTC Real Estate - General 22,284 -- 0.0% -32.5% -18.9% 67.9% -34.6% www.mitsuifudosan.co.jp MJ Holdings Inc USA-NV-Las Vegas MJNE / OTC Real Estate - General 100 -- 0.0% -59.9% -7.5% NA NA www.mjholdingsinc.com New England Realty Associates USA-MA-Allston NEN / NYSE American Real Estate - General 243 54.6x 1.8% -10.4% 13.9% 9.3% 11.4% ww.thehamiltoncompany.com New World Development Co Ltd A Asia-Hong Kong NDVLY / OTC Real Estate - General 13,861 7.3x 4.4% -4.5% 14.2% 3.7% 2.4% www.nwd.com.hk PDG Realty SA Empreendimentos Brazil-Rio de Janeiro PDGRY / OTC Real Estate - General 12 -- 0.0% -69.7% -50.4% -67.2% NA www.pdg.com.br PICO Holdings Inc USA-CA-San Diego PICO / Nasdaq Real Estate - General 269 -- 0.0% -3.9% 10.2% -3.9% -9.6% www.picoholdings.com PSP Swiss Property AG EU-Switzerland-Zug PSPSF / OTC Real Estate - General 4,560 16.5x 3.7% 9.3% 6.8% 3.8% NA www.psp.info Renhe Commercial Holdings Co L Asia-China-Harbin RNHEF / OTC Real Estate - General 1,362 -- 0.0% -14.4% -23.9% -17.9% NA www.renhebusiness.com Safety, Income and Growth Inc USA-NY-New York SAFE / NYSE Real Estate - General 300 121.2x 3.7% -4.7% NA NA NA www.safetyincomegrowth.com Santa Fe Financial Corp USA-CA-Los Angeles SFEF / OTC Real Estate - General 43 -- 0.0% 7.7% -16.4% 15.5% 10.0% www.intgla.com Shenzhen Investment Ltd Asia-Hong Kong SZNTF / OTC Real Estate - General 2,664 4.5x 0.0% -10.5% -4.5% 5.3% NA www.shenzheninvestment.com Company Headquarters Ticker / Exchange Industry Market Trailing Dividend YTD 3-Year 5-Year 10-Year Website Cap ($M) P/E Yield Return Return Return Return