MARCH 2 - 3, 2026 CITI GLOBAL PROPERTY CEO CONFERENCE DISCLAIMER This presentation includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that we expect, believe or anticipate will or may occur in the fu ...

Group 1 - The core viewpoint is that the AI sector is causing significant disruptions, leading to a historic sell-off in the market [1] - AI is breaking down competitive advantages, diminishing pricing power across various industries [1] - As fear spreads in the market, capital is expected to shift towards assets that are less likely to be replicated or disrupted [1] Group 2 - High-quality Real Estate Investment Trusts (REITs) are highlighted as owning scarce real-world assets and generating durable cash flow [1] - These REITs are currently considered deeply undervalued and may experience a surge in value as capital rotates towards them [1]

Core Insights - March is expected to be a rewarding month for Singapore REIT (S-REITs) unitholders, with three REITs set to pay higher distributions per unit (DPU) compared to the previous year [1] Group 1: Keppel DC REIT - Keppel DC REIT reported a significant FY2025, with gross revenue increasing by 42.2% year on year to S$441.4 million and net property income (NPI) rising by 47.2% to S$383.3 million, resulting in a DPU of S$0.10381, a 9.8% increase YoY [2] - The growth was largely driven by acquisitions totaling approximately S$1.1 billion, including Tokyo Data Centre 3 and remaining interests in Keppel DC Singapore 7 & 8 [2] - The REIT achieved a positive rental reversion of approximately 45% for FY2025, indicating strong pricing power, with portfolio occupancy at 95.8% and a weighted average lease expiry (WALE) of 6.7 years [3] Group 2: MPACT - MPACT's results for the third quarter ended 31 December 2025 showed a gross revenue decline of 1.9% YoY to S$219.4 million, while NPI decreased by 1.2% to S$164.9 million, yet DPU increased by 2.5% YoY to S$0.0205 [4] - The strong performance in Singapore, with NPI growing 5.3% YoY, helped offset weaker overseas contributions, and VivoCity maintained full occupancy at 100% with a rental reversion of 14.7% [5] - Lower finance expenses, down 10.2% YoY, contributed positively, with the weighted average cost of debt falling to 3.20% [5] Group 3: AIMS APAC REIT (AAREIT) - AAREIT reported a gross revenue increase of 1.4% YoY to S$141.1 million and NPI growth of 4.1% to S$103.7 million, with DPU rising by 2.5% YoY to S$0.0725 [7] - Portfolio occupancy improved to 95.4%, above the national average of 88.7%, with positive rental reversion of 8.0% for Singapore assets, particularly in logistics and warehouse segments [8] - The aggregate leverage stood at a conservative 36.6%, with no near-term refinancing required, providing a buffer for income stability [9] Group 4: Investment Insights - All three REITs are increasing DPU, but the underlying drivers vary significantly, with Keppel DC REIT's growth fueled by acquisitions and rental reversion, while MPACT's performance is attributed to capital management and strategic divestments [10] - AAREIT demonstrates that steady occupancy and focus on defensive industries can yield consistent income growth without the need for aggressive strategies [11]

Inflation, where prices climb annually, is a sneaky phenomenon. A moderate amount can weaken your purchasing power over time, and even damage your long-term wealth generation if your investments do not keep pace. The best way to counteract this is to own businesses that are resistant to inflation. Today, we take a look at five types of stocks in Singapore that may help preserve your purchasing power over time.Sheng Siong Group Limited (SGX: OV8), or Sheng Siong — Consumer Staple with Pricing PowerProviding ...

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of securities of Franklin BSP Realty Trust, Inc. for the period between November 5, 2024, and February 11, 2026, alleging that the defendants made false and misleading statements regarding the company's prospects and dividend maintenance [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that defendants overstated Franklin BSP Realty Trust's prospects and ability to maintain a $0.355 dividend, leading to materially false and misleading statements about the company's business and operations [5]. - Investors who purchased securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must move the Court by April 27, 2026, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

Core Insights - Socorro Asset Management LP has fully liquidated its stake in Alexandria Real Estate Equities, selling 62,346 shares as of February 17, 2026 [1] Company Overview - Alexandria Real Estate Equities, Inc. is a leading S&P 500 REIT focused on urban office and laboratory campuses for the life sciences and technology sectors [5] - The company reported a total revenue of $3.03 billion and a net income of -$1.23 billion for the trailing twelve months (TTM) [3] - The dividend yield stands at 8.66%, with shares priced at $54.04 as of market close on February 27, 2026 [3] Financial Performance - Alexandria Real Estate's portfolio has underperformed, with a 39.8% decline in share price over the past year, significantly lagging the S&P 500 by 52.1 percentage points [7] - The company reported a net loss of $1.4 billion, with funds from operations at $1.5 billion, which is 5.8% lower than the previous year [9] - The occupancy rate was reported at 90.9% at the end of 2025, with management guiding for a slight decline to between 87.7% and 89.3% by the end of 2026 [9] Investment Implications - Socorro's exposure to Alexandria Real Estate was minimal, being the 32nd largest holding out of 33, and has now been reduced from 1.9% of assets under management (AUM) to zero [6][7] - The company primarily generates revenue from leasing Class A office and laboratory space in major innovation clusters, serving sectors such as biotechnology, pharmaceuticals, and technology [8]

Group 1: Enterprise Products Partners - Enterprise Products Partners is a leading energy midstream company operating pipelines, processing plants, and export terminals, which are crucial to the energy sector [3] - The company has a distribution yield of over 6%, significantly higher than the S&P 500's yield of 1.1%, allowing for greater income generation from investments [4] - The MLP generated enough cash to cover its payout by 1.7 times last year and possesses the best balance sheet in the energy midstream sector, providing financial flexibility for growth [4] - Currently, Enterprise Products Partners has $4.8 billion in major capital projects under construction, expected to enter commercial service by the end of next year, which will support continued distribution increases [5] Group 2: Invitation Homes - Invitation Homes is a leader in owning and managing single-family rental homes, providing an easy way to invest in rental properties without high upfront costs or tenant management hassles [6] - The company's leased homes generate stable rental income, while its property management business produces steady management fees, supporting a dividend yield of 4.5% [6] Group 3: W.P. Carey - W.P. Carey is mentioned as a high-yield dividend stock that is part of the investment strategy aimed at achieving financial freedom [2]

Company Overview - Americold Realty Trust is the world's largest publicly traded REIT specializing in temperature-controlled warehousing and logistics, maintaining over 1 billion refrigerated cubic feet of storage capacity across five countries [5] - The company generates revenue primarily through leasing temperature-controlled storage space and providing value-added logistics services across the global food supply chain [7] - As of February 27, 2026, Americold reported a revenue of $2.60 billion and a net income of -$115.28 million, with a dividend yield of 6.87% [4] Recent Developments - Ancora Advisors LLC disclosed the purchase of 11,528,577 shares of Americold Realty Trust, with an estimated transaction value of approximately $148.26 million [1] - This holding represents a new position for Ancora, accounting for 3.05% of its $4.85 billion in reportable U.S. equity assets as of December 31, 2025 [2] - As of February 27, 2026, shares of Americold were priced at $13.39, reflecting a decline of 41.6% over the prior year, underperforming the S&P 500 by 57 percentage points [3] Investment Implications - Ancora Advisors' significant purchase of Americold Realty is noteworthy for REIT investors, as it became the firm's fourth-largest position while the stock is down 42% from its 52-week high [8] - The firm typically holds positions for multiple years, indicating a long-term investment strategy [8]

Core Insights - Public Storage and Welltower have formed a strategic partnership to leverage data science for enhanced capital allocation and operational efficiency [1][2][3] Group 1: Partnership Overview - The partnership combines Welltower's data science-driven capital allocation expertise with Public Storage's operational analytics capabilities [1][2] - Welltower's data science platform, established in 2016, utilizes machine learning and AI to optimize capital allocation across various investment activities [2][4] - Public Storage will license customized models from Welltower to improve capital deployment speed and precision, aligning with its PS4.0 strategy for value creation [3][5] Group 2: Competitive Advantage - Both companies possess unique proprietary data that provides a competitive edge, which is not replicable by competitors or third-party providers [4][5] - Welltower has successfully allocated over $80 billion in capital, significantly reducing transaction timelines from 5-9 months to mere weeks through advanced data science techniques [4] - The partnership aims to enhance Welltower's operational performance by integrating Public Storage's analytics capabilities into its business system [3][5] Group 3: Company Profiles - Public Storage operates 3,533 self-storage facilities across 40 states, with approximately 258 million net rentable square feet [6] - Welltower focuses on rental housing for seniors, managing over 2,000 communities in the U.S., U.K., and Canada, emphasizing a data-driven approach to real estate [7]

Uniti Group Inc. (NASDAQ:UNIT) is one of the 10 Best Stocks to Buy According to Elliott Investment Management. Uniti Group (UNIT) Accelerates 2026 Expansion With FastWaves Launch Program Uniti Wholesale, a dedicated business unit of Uniti Group Inc. (NASDAQ:UNIT) announced on February 18, 2026, that it has accelerated its 2026 expansion by adding data center on-ramps and launching FastWaves™. With this pre-deployed optical program, the 100G and 400G wavelength service delivery is reduced to under three w ...