39 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 Shenzhen Investment Ltd ADR Asia-Hong Kong SZNTY / OTC Real Estate - General 2,664 8.8x 4.0% 2.9% 4.0% NA NA www.shenzheninvestment.com Shimao Property Holdings Ltd Asia-Hong Kong SIOPF / OTC Real Estate - General 9,769 8.2x 0.0% 22.6% 26.4% 7.3% NA www.shimaoproperty.com Shimao Property Holdings Ltd A Asia-Hong Kong SHMAY / OTC Real Estate - General 9,769 7.7x 4.9% 24.2% 13.7% NA NA www.shimaoproperty.com Shui On Land Ltd ADR Asia-China-Shanghai SOLLY / Unknown Real Estate - General 1,910 7.8x 0.0% NA NA NA NA www.shuionland.com Sino Land Co Ltd Asia-Hong Kong SNLAF / OTC Real Estate - General 11,270 5.5x 3.2% -10.7% 4.8% 6.2% NA www.sino.com Sino Land Co Ltd ADR Asia-Hong Kong SNLAY / OTC Real Estate - General 11,270 5.9x 4.0% 2.8% 12.3% 9.3% 3.7% www.sino.com Sino-Ocean Group Holding Ltd Asia-Hong Kong SIOLF / OTC Real Estate - General 4,073 7.5x 1.9% 71.3% 12.8% 11.6% NA www.sinooceanland.com Sino-Ocean Group Holding Ltd A Asia-Hong Kong SIOLY / OTC Real Estate - General 4,073 5.5x 6.6% 3.5% -2.4% 3.3% NA www.sinooceanland.com Sinolink Worldwide Holdings Lt Asia-Hong Kong SNLKF / OTC Real Estate - General 329 37.9x 0.0% 57.9% 16.5% -1.4% NA www.sinolinkhk.com SOHO China Ltd Asia-China-Beijing SOHOF / OTC Real Estate - General 2,077 2.9x 0.0% -32.8% -4.6% -6.4% NA www.sohochina.com Solon Eiendom ASA EU-Norway-Oslo BNRPF / OTC Real Estate - General 195 -- 0.0% -100.0% -98.2% -91.8% NA soloneiendom.no Solon Eiendom ASA ADR EU-Norway-Oslo BNRQY / OTC Real Estate - General 195 -- 0.0% 1.7% NA NA NA soloneiendom.no Straits Trading Co Ltd ADR Asia-Singapore STTSY / OTC Real Estate - General 596 26.4x 1.9% 2.9% -8.0% NA NA www.stc.com.sg Stratus Properties Inc USA-TX-Austin STRS / Nasdaq Real Estate - General 242 51.1x 0.0% -0.2% 23.3% 19.0% 0.5% www.stratusproperties.com Sun Hung Kai Properties Ltd Asia-Hong Kong SUHJF / OTC Real Estate - General 43,702 6.5x 2.5% -7.3% 9.9% 5.2% NA www.shkp.com Sun Hung Kai Properties Ltd AD Asia-Hong Kong SUHJY / OTC Real Estate - General 43,702 6.3x 3.6% -8.7% 9.1% 6.1% 3.0% www.shkp.com Sunrise Real Estate Group Inc Asia-China-Shanghai SRRE / OTC Real Estate - General 16 0.3x 0.0% 161.1% 98.6% 63.7% -6.3% www.sunrise.sh Swire Pacific Ltd ADR Asia-Hong Kong SWRAY / OTC Real Estate - General 15,998 5.2x 2.3% 27.6% 5.0% 3.5% 4.6% www.swirepacific.com Swire Pacific Ltd ADR Asia-Hong Kong SWRBY / OTC Real Estate - General 15,998 4.3x 2.8% 20.9% -1.1% -0.1% 3.6% www.swirepacific.com Swire Pacific Ltd Class A Asia-Hong Kong SWRAF / OTC Real Estate - General 15,998 5.2x 1.2% 27.8% -3.0% 1.8% NA www.swirepacific.com Swire Pacific Ltd Class B Asia-Hong Kong SWRBF / OTC Real Estate - General 15,998 4.0x 1.6% 20.7% -8.2% -1.0% NA www.swirepacific.com Swiss Prime Site AG EU-Switzerland-Olten SWPRF / OTC Real Estate - General 6,561 20.6x 0.0% 5.3% 4.4% 3.2% NA www.sps.swiss Tejon Ranch Co USA-CA-Lebec TRC / NYSE Real Estate - General 578 445.2x 0.0% 7.2% -1.1% -5.0% -3.7% www.tejonranch.com Texas Pacific Land Trust USA-TX-Dallas TPL / NYSE Real Estate - General 6,456 48.7x 0.1% 86.5% 92.3% 57.6% 34.4% www.TPLTrust.com The Howard Hughes Corp USA-TX-Dallas HHC / NYSE Real Estate - General 5,582 35.7x 0.0% -1.2% 0.9% 4.9% NA www.howardhughes.com The St. Joe Co USA-FL-Watersound JOE / NYSE Real Estate - General 1,067 16.6x 0.0% -3.6% 0.0% -2.1% -7.3% www.joe.com Tian An China Investments Co L Asia-Hong Kong TIACF / OTC Real Estate - General 820 3.1x 4.8% 4.8% -0.9% -4.2% NA www.tiananchina.com Trinity Place Holdings Inc USA-NY-New York TPHS / NYSE American Real Estate - General 190 -- 0.0% -13.7% 0.5% 6.1% NA www.tphs.com UOL Group Ltd Asia-Singapore UOLGF / OTC Real Estate - General 4,206 15.8x 2.6% 0.0% -3.9% -4.6% NA www.uol.com.sg UOL Group Ltd ADR Asia-Singapore UOLGY / OTC Real Estate - General 4,259 6.4x 2.6% -19.3% 7.4% 2.6% NA www.uol.com.sg Wheelock and Co Ltd Asia-Hong Kong WHLKF / OTC Real Estate - General 13,043 5.1x 1.9% -1.9% 16.4% 7.0% NA www.wheelockcompany.com Wheelock and Co Ltd ADR Asia-Hong Kong WHLKY / OTC Real Estate - General 13,043 5.0x 2.9% -6.2% 14.9% 7.3% NA www.wheelockcompany.com Xinyuan Real Estate Co Ltd ADR Asia-China-Beijing XIN / NYSE Real Estate - General 295 10.6x 8.8% -28.6% 27.3% 1.3% -0.8% www.xyre.com Yangtze River Port and Logisti USA-NY-New York YRIV / Nasdaq Real Estate - General 2,017 -- 0.0% 32.7% 77.6% 147.7% NA www.yerr.com.cn Yuexiu Property Co Ltd Asia-Hong Kong YUEXF / OTC Real Estate - General 2,275 8.3x 2.3% 33.3% 12.6% 2.6% NA www.yuexiuproperty.com Notes Sources: Morningstar and Bloomberg as of August 30, 2018. Listing excludes companies with market capitalizations of less than $10 million or unknown. Disclaimer Inclusion of companies on this list does not imply that Solari recommends these stocks for investment. Please consult your financial advisor and invest in a manner appropriate for your personal situation.