This information is as of the date indicated and, to our knowledge, was timely and accurate when presented. We are under no obligation to update or remove outdated information other than as required by applicable law or regulation. FIVE STAR PROPERTIES 1 AND YEAR-E KNINGTS FEBRUARY 23, 2012 AGENDA Introductory Comments ■ ■ Investment Update ■ Financial Review · Capital Markets and Liquidity Update ■ Closing Comments HEADLINES 1. Primary investment categories display mixed but positive trending results 2 HEA ...

Financial Performance - Total revenue for 2012 reached $321.8 million, an 8% increase compared to $298.3 million in 2011[58] - Net income attributable to common shareholders for 2012 was $93.2 million, an 11% increase from $84.3 million in 2011[58] - Funds From Operations (FFO) attributable to common shareholders for 2012 totaled $168.8 million, a 12% increase from $150.3 million in 2011[58] - FFO per share attributable to common shareholders for 2012 was $3.59, a 12% increase from $3.20 in 2011[58] - Total debt was $1.4 billion as of December 31, 2012[62] Investment and Capital Allocation - Capital spending in Q4 2012 was approximately $96 million, bringing the total for 2012 to around $300 million[18] - The company deployed $120 million in entertainment investments, focusing on theatres and family entertainment venues in 2012[28] - $84 million was deployed on investments across recreational properties in 2012[35] - $80 million was deployed in education properties in 2012[45] 2013 Outlook - The company anticipates investment spending between $300 million and $350 million in 2013[52, 65]

Financial Performance - Total revenue for Q4 2013 increased by 8% to $89.4 million, compared to $82.5 million in Q4 2012 [35] - Net income attributable to common shareholders for Q4 2013 increased by 204% to $57.1 million, compared to $18.8 million in Q4 2012 [35] - Funds From Operations (FFO) attributable to common shareholders for Q4 2013 increased by 54% to $63.3 million, compared to $41.0 million in Q4 2012 [35] - FFO per share attributable to common shareholders for Q4 2013 increased by 41% to $1.23, compared to $0.87 in Q4 2012 [35] - Total revenue for the year 2013 increased by 8% to $343.1 million, compared to $317.8 million in 2012 [40] - Net income attributable to common shareholders for the year 2013 increased by 68% to $156.4 million, compared to $93.2 million in 2012 [40] - FFO attributable to common shareholders for the year 2013 increased by 18% to $199.4 million, compared to $168.8 million in 2012 [40] - FFO per share attributable to common shareholders for the year 2013 increased by 15% to $4.13, compared to $3.59 in 2012 [40] Investment and Capital - 2013 investment spending exceeded $400 million, a 35% increase over the prior year [12] - Q4 2013 investment spending included $39.5 million in Education, $1.5 million in Other, $85 million in Recreation, and $35 million in Entertainment, totaling $151 million [13] - The company's total debt was $1.5 billion as of December 31, 2013 [44] - 2014 investment spending guidance is $500 million - $550 million, representing a 30% increase over 2013 at the midpoint [32]

Financial Performance - Total revenue for 2014 reached $385.1 million, a 12% increase compared to $343.1 million in 2013[53] - Net income attributable to common shareholders was $155.8 million in 2014, slightly down from $156.4 million in 2013[53] - FFO (Funds From Operations) attributable to common shareholders was $220.5 million in 2014, an 11% increase from $199.4 million in 2013[53] - Adjusted FFO attributable to common shareholders was $225.1 million in 2014, a 20% increase from $188.2 million in 2013[53] - For the quarter ended December 31, 2014, total revenue was $104.7 million, a 17% increase from $89.4 million in 2013[49, 52] Investment and Portfolio - Annual investment spending reached approximately $613 million[17] - Q4 spending included approximately $75 million in recreation projects, including 14 Build-To-Suit (BTS) TopGolf projects and the hotel waterpark at Camelback[23, 33] - Q4 spending included approximately $48 million in education projects, including 18 public charter schools, three private schools, and 12 early childhood education centers[26, 36] - The company achieved strong overall occupancy at 99%[44] Capital Markets and Guidance - Total debt was $1.6 billion as of December 31, 2014[58] - The company increased 2015 earnings guidance and anticipates investment spending between $500 million and $550 million[5, 14, 44, 60]

Q4 AND YEAR END 2015 EARNINGS CALL FEBRUARY 24, 2016 This information is as of the date indicated and, to our knowledge, was timely and accurate when presented. We are under no obligation to update or remove outdated information other than as required by applicable law or regulation. 1. Strong Year – Strong Finish 3 HEADLINES 4 1. Strong Year – Strong Finish 2. Record Investment Levels and Opportunities Remain Robust INTRODUCTORY COMMENTS HEADLINES HEADLINES 5 1. Strong Year – Strong Finish 2. Record Invest ...

Financial Performance - Total revenue for 2016 reached $493.2 million, a 17% increase compared to $421.0 million in 2015[23] - Net income attributable to common shareholders for 2016 was $201.2 million, up 18% from $170.7 million in 2015[23] - Funds From Operations (FFO) attributable to common shareholders for 2016 totaled $304.6 million, a 30% increase from $235.2 million in 2015[23] - Adjusted FFO attributable to common shareholders for 2016 was $308.0 million, an 18% increase from $260.3 million in 2015[23] - For the quarter ended December 31, 2016, total revenue was $130.8 million, a 17% increase compared to $112.0 million in 2015[22] Investment and Capital - 2016 investment spending totaled $805 million[13] - The company issued $450.0 million of 10-year senior unsecured notes with an annual interest rate of 4.75% in December[26] - Subsequent to year-end, the company prepaid $17.9 million in secured mortgage notes payable with an average interest rate of 6.1%[27] - Subsequent to year-end, the company issued 548 thousand common shares under DSPP for net proceeds of $40.8 million[28] Portfolio and Strategy - The company anticipates dispositions of $150 million to $300 million[20, 31] - The company expects investment spending between $1.30 billion and $1.35 billion[20, 31]

Financial Performance (Q4 2017) - Total revenue increased to $147.7 million, a 13% increase compared to $130.8 million in 2016[42] - Net income attributable to common shareholders was $54.7 million, a 5% increase from $52.2 million in 2016[42] - FFO as adjusted for common shareholders was $95.9 million, a 19% increase compared to $80.7 million in 2016[42] - Net income per share attributable to common shareholders decreased to $0.74, a 10% decrease from $0.82 in 2016[42] Financial Performance (Year Ended 2017) - Total revenue increased to $576.0 million, a 17% increase compared to $493.2 million in 2016[45] - Net income attributable to common shareholders was $234.2 million, a 16% increase from $201.2 million in 2016[45] - FFO as adjusted for common shareholders was $360.5 million, a 17% increase compared to $308.0 million in 2016[45] Capital Markets and Liquidity - Total debt was $3.0 billion as of December 31, 2017[50] - $210 million was outstanding on the $1 billion revolver at the end of 2017[52] - The company prepaid a secured mortgage note payable totaling $11.7 million with an interest rate of 6.19%[52] - The company redeemed all of the outstanding 7.75% Senior Notes due July 15, 2020 for the principal amount of $250 million plus a premium of $28.6 million[52] Investment and Disposition - 2017 investment spending totaled $1.6 billion[20] - Planned dispositions are projected to be between $350 million and $450 million[37]

Financial Performance - Total revenue for Q4 2018 was $166.5 million, a 13% increase compared to $147.7 million in Q4 2017[73] - Net income attributable to common shareholders for Q4 2018 was $48.0 million, a 12% decrease compared to $54.7 million in Q4 2017[73] - FFO (Funds From Operations) attributable to common shareholders for Q4 2018 was $97.7 million, a 25% increase compared to $78.0 million in Q4 2017[73] - Adjusted FFO attributable to common shareholders for Q4 2018 was $105.1 million, a 10% increase compared to $95.9 million in Q4 2017[73] - Total revenue for 2018 was $700.7 million, a 22% increase compared to $576.0 million in 2017[76] - Net income attributable to common shareholders for 2018 was $242.8 million, a 4% increase compared to $234.2 million in 2017[76] - FFO attributable to common shareholders for 2018 was $414.3 million, a 27% increase compared to $327.4 million in 2017[76] - Adjusted FFO attributable to common shareholders for 2018 was $460.4 million, a 28% increase compared to $360.5 million in 2017[76] Portfolio and Investments - Total investments reached $6.8 billion[28] - The company owns 394 properties in service with 99% occupancy[28] - Q4 2018 investment spending was $217 million[28] - 2018 investment spending totaled $572 million[28]

Company Overview - Comstock manages \$1.6 billion in Real Estate AUM[9] - The company manages 45 properties[9] - Comstock has 2 million square feet of commercial space[9] - The company has 5.8 million square feet of additional entitled space[9] - Comstock has approximately 1,700 multifamily units[9] - The company's FY 2022 Revenue was \$39.3 million[9] - At full build-out, the company will have approximately 10 million square feet of space[9] - At full build-out, the company's Real Estate AUM is expected to be over \$5 billion[9] Financial Highlights - Comstock's 2022 Adjusted EBITDA Multiple is 4.6x, compared to peers at 9.2x[17] - The company has a \$132 million tax asset[17] - The company's Return on Equity (ROE) for FY 2022 is 27%, compared to peers at 7%[17] - Adjusted EBITDA grew at a CAGR of 41% from 2019-2022, while peers experienced a -4% CAGR[17] - Total Adjusted EBITDA for 2020 was \$3.4 million, increasing to \$5.8 million in 2021 and \$9.0 million in 2022[19] Portfolio Performance - Managed asset revenue increased by 86% from \$52 million in 2020 to \$97 million in 2022[25] - Net Operating Income (NOI) increased by 127% from \$22 million in 2020 to \$49 million in 2022[25] - Multifamily units increased by 46% from 1,123 in 2020 to 1,638 in 2022[25] - Multifamily leased percentage increased by 23% from 73% in 2020 to 90% in 2022[25] - Commercial square footage increased by 9% from 1.8 million in 2020 to 2.0 million in 2022[25] - Commercial leased percentage increased by 10% from 79% in 2020 to 87% in 2022[25] - Parking spaces increased by 70% from 8,336 in 2020 to 14,193 in 2022[25]

Accelerating The Creation Of Semiconductors Corporate Overview Charlie Janac CEO Nick Hawkins CFO November 2024 1 © 2024 Arteris, Inc. Disclaimer This presentation and the accompanying oral presentation have been prepared by Arteris, Inc. ("Arteris IP" or "the "Company") for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or representation by the presenter or Arteris IP or any officer, director, employ ...