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BT 204.52 321.55 Td (fice ) Tj ET Q q 0 0 0 rg BT 218.83 321.55 Td (REIT) Tj ET Q q 0 0 0 rg BT 236.44 321.55 Td ( ) Tj ET Q q 0 0 0 rg BT 238.62 321.55 Td (in ) Tj ET Q q 0 0 0 rg BT 246.87 321.55 Td (2017. ) Tj ET Q q 0 0 0 rg BT 268.56 321.55 Td ( ) Tj ET Q q 0 0 0 rg BT 270.74 321.55 Td (W) Tj ET Q q 0 0 0 rg BT 277.96 321.55 Td (e ) Tj ET Q q 0 0 0 rg BT 284.48 321.55 Td (have ) Tj ET Q q 0 0 0 rg BT 303.56 321.55 Td (a ) Tj ET Q q 0 0 0 rg BT 310.07 321.55 Td (more ) Tj ET Q q 0 0 0 rg BT 330.01 321.55 Td (diversified ) Tj ET Q q 0 0 0 rg BT 367.27 321.55 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 397.17 321.55 Td (with ) Tj ET Q q 0 0 0 rg BT 413.21 321.55 Td (a ) Tj ET Q q 0 0 0 rg BT 419.73 321.55 Td (larger ) Tj ET Q q 0 0 0 rg BT 441.83 321.55 Td (proportion ) Tj ET Q q 0 0 0 rg BT 479.09 321.55 Td (of ) Tj ET Q q 0 0 0 rg BT 487.77 321.55 Td (assets ) Tj ET Q q 0 0 0 rg BT 512.48 321.55 Td (in ) Tj ET Q q 0 0 0 rg BT 520.73 321.55 Td (Canada) Tj ET Q q 0 0 0 rg BT 549.61 321.55 Td (s ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 310.15 Td (most ) Tj ET Q q 0 0 0 rg BT 68.45 310.15 Td (populous ) Tj ET Q q 0 0 0 rg BT 102.13 310.15 Td (centre ) Tj ET Q q 0 0 0 rg BT 125.85 310.15 Td (- ) Tj ET Q q 0 0 0 rg BT 130.51 310.15 Td (the ) Tj ET Q q 0 0 0 rg BT 143.40 310.15 Td (Greater ) Tj ET Q q 0 0 0 rg BT 171.75 310.15 Td (T) Tj ET Q q 0 0 0 rg BT 175.65 310.15 Td (oronto ) Tj ET Q q 0 0 0 rg BT 199.39 310.15 Td (Area, ) Tj ET Q q 0 0 0 rg BT 220.08 310.15 Td (a ) Tj ET Q q 0 0 0 rg BT 226.47 310.15 Td (longer ) Tj ET Q q 0 0 0 rg BT 250.19 310.15 Td (average ) Tj ET Q q 0 0 0 rg BT 280.40 310.15 Td (lease ) Tj ET Q q 0 0 0 rg BT 301.09 310.15 Td (term ) Tj ET Q q 0 0 0 rg BT 318.74 310.15 Td (and ) Tj ET Q q 0 0 0 rg BT 333.80 310.15 Td (more ) Tj ET Q q 0 0 0 rg BT 353.61 310.15 Td (of ) Tj ET Q q 0 0 0 rg BT 362.17 310.15 Td (the ) Tj ET Q q 0 0 0 rg BT 375.06 310.15 Td (REIT) Tj ET Q q 0 0 0 rg BT 392.14 310.15 Td (s ) Tj ET Q q 0 0 0 rg BT 398.10 310.15 Td (income ) Tj ET Q q 0 0 0 rg BT 425.28 310.15 Td (being ) Tj ET Q q 0 0 0 rg BT 446.40 310.15 Td (generated ) Tj ET Q q 0 0 0 rg BT 483.55 310.15 Td (by ) Tj ET Q q 0 0 0 rg BT 493.85 310.15 Td (investment ) Tj ET Q q 0 0 0 rg BT 533.59 310.15 Td (grade ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 298.75 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 298.75 Td (government ) Tj ET Q q 0 0 0 rg BT 107.97 298.75 Td (tenants.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 275.95 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 96.77 275.95 Td (we ) Tj ET Q q 0 0 0 rg BT 108.98 275.95 Td (continued ) Tj ET Q q 0 0 0 rg BT 145.01 275.95 Td (this ) Tj ET Q q 0 0 0 rg BT 159.39 275.95 Td (work ) Tj ET Q q 0 0 0 rg BT 178.08 275.95 Td (with ) Tj ET Q q 0 0 0 rg BT 194.18 275.95 Td (our ) Tj ET Q q 0 0 0 rg BT 207.68 275.95 Td (announcement ) Tj ET Q q 0 0 0 rg BT 261.48 275.95 Td (of ) Tj ET Q q 0 0 0 rg BT 270.22 275.95 Td (two ) Tj ET Q q 0 0 0 rg BT 284.59 275.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 321.49 275.95 Td (transactions ) Tj ET Q q 0 0 0 rg BT 365.75 275.95 Td (early ) Tj ET Q q 0 0 0 rg BT 384.88 275.95 Td (in ) Tj ET Q q 0 0 0 rg BT 393.19 275.95 Td (2018. ) Tj ET Q q 0 0 0 rg BT 414.94 275.95 Td ( ) Tj ET Q q 0 0 0 rg BT 417.18 275.95 Td (First, ) Tj ET Q q 0 0 0 rg BT 436.74 275.95 Td (the ) Tj ET Q q 0 0 0 rg BT 449.82 275.95 Td (REIT) Tj ET Q q 0 0 0 rg BT 467.43 275.95 Td ( ) Tj ET Q q 0 0 0 rg BT 469.68 275.95 Td (acquired ) Tj ET Q q 0 0 0 rg BT 501.81 275.95 Td (20 ) Tj ET Q q 0 0 0 rg BT 512.72 275.95 Td (South ) Tj ET Q q 0 0 0 rg BT 535.33 275.95 Td (Clark ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 264.55 Td (Street ) Tj ET Q q 0 0 0 rg BT 72.64 264.55 Td (in ) Tj ET Q q 0 0 0 rg BT 81.06 264.55 Td (Chicago ) Tj ET Q q 0 0 0 rg BT 111.99 264.55 Td (for ) Tj ET Q q 0 0 0 rg BT 123.44 264.55 Td (approximately ) Tj ET Q q 0 0 0 rg BT 174.29 264.55 Td (U.S.$85.6 ) Tj ET Q q 0 0 0 rg BT 211.30 264.55 Td (million ) Tj ET Q q 0 0 0 rg BT 235.73 264.55 Td (in ) Tj ET Q q 0 0 0 rg BT 244.15 264.55 Td (early ) Tj ET Q q 0 0 0 rg BT 263.39 264.55 Td (February) Tj ET Q q 0 0 0 rg BT 293.99 264.55 Td (. ) Tj ET Q q 0 0 0 rg BT 298.51 264.55 Td ( ) Tj ET Q q 0 0 0 rg BT 300.72 264.55 Td (This ) Tj ET Q q 0 0 0 rg BT 317.79 264.55 Td (379,903 ) Tj ET Q q 0 0 0 rg BT 348.31 264.55 Td (square ) Tj ET Q q 0 0 0 rg BT 374.48 264.55 Td (foot ) Tj ET Q q 0 0 0 rg BT 389.84 264.55 Td (asset ) Tj ET Q q 0 0 0 rg BT 410.82 264.55 Td (is ) Tj ET Q q 0 0 0 rg BT 418.80 264.55 Td (the ) Tj ET Q q 0 0 0 rg BT 431.98 264.55 Td (REIT) Tj ET Q q 0 0 0 rg BT 449.06 264.55 Td (s ) Tj ET Q q 0 0 0 rg BT 455.32 264.55 Td (first ) Tj ET Q q 0 0 0 rg BT 470.22 264.55 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 509.39 264.55 Td (in ) Tj ET Q q 0 0 0 rg BT 517.81 264.55 Td (the ) Tj ET Q q 0 0 0 rg BT 531.00 264.55 Td (United ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 253.15 Td (States ) Tj ET Q q 0 0 0 rg BT 73.75 253.15 Td (and ) Tj ET Q q 0 0 0 rg BT 88.91 253.15 Td (is ) Tj ET Q q 0 0 0 rg BT 96.69 253.15 Td (well ) Tj ET Q q 0 0 0 rg BT 112.27 253.15 Td (located ) Tj ET Q q 0 0 0 rg BT 139.55 253.15 Td (in ) Tj ET Q q 0 0 0 rg BT 147.77 253.15 Td (Chicago) Tj ET Q q 0 0 0 rg BT 177.95 253.15 Td (s ) Tj ET Q q 0 0 0 rg BT 184.00 253.15 Td (central ) Tj ET Q q 0 0 0 rg BT 209.55 253.15 Td (business ) Tj ET Q q 0 0 0 rg BT 242.45 253.15 Td (district. ) Tj ET Q q 0 0 0 rg BT 269.29 253.15 Td ( ) Tj ET Q q 0 0 0 rg BT 271.32 253.15 Td (The ) Tj ET Q q 0 0 0 rg BT 286.90 253.15 Td (asset ) Tj ET Q q 0 0 0 rg BT 307.69 253.15 Td (of) Tj ET Q q 0 0 0 rg BT 314.05 253.15 Td (fers ) Tj ET Q q 0 0 0 rg BT 329.20 253.15 Td (both ) Tj ET Q q 0 0 0 rg BT 346.52 253.15 Td (stable ) Tj ET Q q 0 0 0 rg BT 369.47 253.15 Td (income ) Tj ET Q q 0 0 0 rg BT 396.74 253.15 Td (and ) Tj ET Q q 0 0 0 rg BT 411.90 253.15 Td (the ) Tj ET Q q 0 0 0 rg BT 424.89 253.15 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 465.60 253.15 Td (to ) Tj ET Q q 0 0 0 rg BT 474.26 253.15 Td (enhance ) Tj ET Q q 0 0 0 rg BT 506.31 253.15 Td (value ) Tj ET Q q 0 0 0 rg BT 527.09 253.15 Td (through ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 62.54 241.75 Td (execution ) Tj ET Q q 0 0 0 rg BT 98.11 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 106.82 241.75 Td (our ) Tj ET Q q 0 0 0 rg BT 120.29 241.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 141.13 241.75 Td (management ) Tj ET Q q 0 0 0 rg BT 188.81 241.75 Td (plan. ) Tj ET Q q 0 0 0 rg BT 207.92 241.75 Td ( ) Tj ET Q q 0 0 0 rg BT 210.13 241.75 Td (20 ) Tj ET Q q 0 0 0 rg BT 221.01 241.75 Td (South ) Tj ET Q q 0 0 0 rg BT 243.58 241.75 Td (Clark ) Tj ET Q q 0 0 0 rg BT 263.96 241.75 Td (Street ) Tj ET Q q 0 0 0 rg BT 286.96 241.75 Td (is ) Tj ET Q q 0 0 0 rg BT 294.80 241.75 Td (indicative ) Tj ET Q q 0 0 0 rg BT 329.49 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 338.21 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 351.25 241.75 Td (type ) Tj ET Q q 0 0 0 rg BT 368.19 241.75 Td (of ) Tj ET Q q 0 0 0 rg BT 376.90 241.75 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 423.72 241.75 Td (that ) Tj ET Q q 0 0 0 rg BT 438.93 241.75 Td (are ) Tj ET Q q 0 0 0 rg BT 452.40 241.75 Td (available ) Tj ET Q q 0 0 0 rg BT 485.37 241.75 Td (in ) Tj ET Q q 0 0 0 rg BT 493.64 241.75 Td (the ) Tj ET Q q 0 0 0 rg BT 506.68 241.75 Td (United ) Tj ET Q q 0 0 0 rg BT 531.41 241.75 Td (States ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 230.35 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 230.35 Td (is ) Tj ET Q q 0 0 0 rg BT 72.46 230.35 Td (consistent ) Tj ET Q q 0 0 0 rg BT 109.71 230.35 Td (with ) Tj ET Q q 0 0 0 rg BT 125.73 230.35 Td (our ) Tj ET Q q 0 0 0 rg BT 139.15 230.35 Td (evolving ) Tj ET Q q 0 0 0 rg BT 169.90 230.35 Td (investment ) Tj ET Q q 0 0 0 rg BT 209.74 230.35 Td (strategy) Tj ET Q q 0 0 0 rg BT 236.89 230.35 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 207.55 Td (Second, ) Tj ET Q q 0 0 0 rg BT 80.18 207.55 Td (the ) Tj ET Q q 0 0 0 rg BT 93.10 207.55 Td (REIT) Tj ET Q q 0 0 0 rg BT 110.71 207.55 Td ( ) Tj ET Q q 0 0 0 rg BT 112.80 207.55 Td (is ) Tj ET Q q 0 0 0 rg BT 120.52 207.55 Td (currently ) Tj ET Q q 0 0 0 rg BT 152.48 207.55 Td (under ) Tj ET Q q 0 0 0 rg BT 174.50 207.55 Td (contract ) Tj ET Q q 0 0 0 rg BT 204.30 207.55 Td (to ) Tj ET Q q 0 0 0 rg BT 212.89 207.55 Td (acquire ) Tj ET Q q 0 0 0 rg BT 240.53 207.55 Td (a ) Tj ET Q q 0 0 0 rg BT 246.96 207.55 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 276.76 207.55 Td (of ) Tj ET Q q 0 0 0 rg BT 285.35 207.55 Td (assets ) Tj ET Q q 0 0 0 rg BT 309.96 207.55 Td (in ) Tj ET Q q 0 0 0 rg BT 318.12 207.55 Td (Canada ) Tj ET Q q 0 0 0 rg BT 347.49 207.55 Td (from ) Tj ET Q q 0 0 0 rg BT 365.16 207.55 Td (Cominar ) Tj ET Q q 0 0 0 rg BT 396.69 207.55 Td (REIT) Tj ET Q q 0 0 0 rg BT 414.30 207.55 Td ( ) Tj ET Q q 0 0 0 rg BT 416.39 207.55 Td (for ) Tj ET Q q 0 0 0 rg BT 427.57 207.55 Td ($191.4 ) Tj ET Q q 0 0 0 rg BT 453.49 207.55 Td (million. ) Tj ET Q q 0 0 0 rg BT 479.82 207.55 Td ( ) Tj ET Q q 0 0 0 rg BT 481.78 207.55 Td (The ) Tj ET Q q 0 0 0 rg BT 497.30 207.55 Td (assets ) Tj ET Q q 0 0 0 rg BT 521.91 207.55 Td (comprise ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 196.15 Td (995,091 ) Tj ET Q q 0 0 0 rg BT 80.15 196.15 Td (square ) Tj ET Q q 0 0 0 rg BT 106.45 196.15 Td (feet ) Tj ET Q q 0 0 0 rg BT 121.93 196.15 Td (and ) Tj ET Q q 0 0 0 rg BT 137.41 196.15 Td (are ) Tj ET Q q 0 0 0 rg BT 151.15 196.15 Td (located ) Tj ET Q q 0 0 0 rg BT 178.76 196.15 Td (in ) Tj ET Q q 0 0 0 rg BT 187.31 196.15 Td (the ) Tj ET Q q 0 0 0 rg BT 200.62 196.15 Td (Greater ) Tj ET Q q 0 0 0 rg BT 229.37 196.15 Td (T) Tj ET Q q 0 0 0 rg BT 233.26 196.15 Td (oronto ) Tj ET Q q 0 0 0 rg BT 257.35 196.15 Td (Area ) Tj ET Q q 0 0 0 rg BT 276.29 196.15 Td (and ) Tj ET Q q 0 0 0 rg BT 291.28 196.15 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 319.31 196.15 Td (Canada ) Tj ET Q q 0 0 0 rg BT 349.08 196.15 Td (- ) Tj ET Q q 0 0 0 rg BT 354.16 196.15 Td (complimentary ) Tj ET Q q 0 0 0 rg BT 407.30 196.15 Td (markets ) Tj ET Q q 0 0 0 rg BT 437.49 196.15 Td (to ) Tj ET Q q 0 0 0 rg BT 446.47 196.15 Td (the ) Tj ET Q q 0 0 0 rg BT 459.79 196.15 Td (REIT) Tj ET Q q 0 0 0 rg BT 476.87 196.15 Td (s ) Tj ET Q q 0 0 0 rg BT 483.25 196.15 Td (existing ) Tj ET Q q 0 0 0 rg BT 512.15 196.15 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 544.52 196.15 Td ( ) Tj ET Q q 0 0 0 rg BT 547.00 196.15 Td (In ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 184.75 Td (order ) Tj ET Q q 0 0 0 rg BT 69.03 184.75 Td (to ) Tj ET Q q 0 0 0 rg BT 76.87 184.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 103.34 184.75 Td (the ) Tj ET Q q 0 0 0 rg BT 115.52 184.75 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 159.74 184.75 Td (the ) Tj ET Q q 0 0 0 rg BT 171.92 184.75 Td (REIT) Tj ET Q q 0 0 0 rg BT 189.53 184.75 Td ( ) Tj ET Q q 0 0 0 rg BT 190.88 184.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 228.17 184.75 Td (a ) Tj ET Q q 0 0 0 rg BT 233.84 184.75 Td ($132.3 ) Tj ET Q q 0 0 0 rg BT 259.02 184.75 Td (million ) Tj ET Q q 0 0 0 rg BT 282.44 184.75 Td (bought-deal ) Tj ET Q q 0 0 0 rg BT 324.94 184.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 357.47 184.75 Td (of ) Tj ET Q q 0 0 0 rg BT 365.31 184.75 Td (convertible ) Tj ET Q q 0 0 0 rg BT 404.34 184.75 Td (debentures ) Tj ET Q q 0 0 0 rg BT 444.67 184.75 Td (and ) Tj ET Q q 0 0 0 rg BT 459.01 184.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 481.15 184.75 Td (subscription ) Tj ET Q q 0 0 0 rg BT 524.06 184.75 Td (receipts.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 161.95 Td (The ) Tj ET Q q 0 0 0 rg BT 65.25 161.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 90.53 161.95 Td (of ) Tj ET Q q 0 0 0 rg BT 99.36 161.95 Td (our ) Tj ET Q q 0 0 0 rg BT 112.94 161.95 Td (strategy ) Tj ET Q q 0 0 0 rg BT 142.99 161.95 Td (is ) Tj ET Q q 0 0 0 rg BT 150.94 161.95 Td (being ) Tj ET Q q 0 0 0 rg BT 172.33 161.95 Td (translated ) Tj ET Q q 0 0 0 rg BT 208.88 161.95 Td (into ) Tj ET Q q 0 0 0 rg BT 223.77 161.95 Td (value ) Tj ET Q q 0 0 0 rg BT 244.72 161.95 Td (through ) Tj ET Q q 0 0 0 rg BT 273.47 161.95 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 313.91 161.95 Td (returns ) Tj ET Q q 0 0 0 rg BT 340.48 161.95 Td (to ) Tj ET Q q 0 0 0 rg BT 349.31 161.95 Td (the ) Tj ET Q q 0 0 0 rg BT 362.47 161.95 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 387.93 161.95 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 430.54 161.95 Td ( ) Tj ET Q q 0 0 0 rg BT 432.87 161.95 Td (W) Tj ET Q q 0 0 0 rg BT 440.08 161.95 Td (e ) Tj ET Q q 0 0 0 rg BT 446.75 161.95 Td (have ) Tj ET Q q 0 0 0 rg BT 465.97 161.95 Td (measured ) Tj ET Q q 0 0 0 rg BT 502.94 161.95 Td (the ) Tj ET Q q 0 0 0 rg BT 516.10 161.95 Td (total ) Tj ET Q q 0 0 0 rg BT 533.15 161.95 Td (return ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 150.55 Td (to ) Tj ET Q q 0 0 0 rg BT 58.52 150.55 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 99.16 150.55 Td (as ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 109.91 150.55 Td (9.6%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 127.67 150.55 Td ( ) Tj ET Q q 0 0 0 rg BT 130.19 150.55 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 145.71 150.55 Td (1) Tj ET Q q 0 0 0 rg BT 149.47 150.55 Td (1.9%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 167.23 150.55 Td ( ) Tj ET Q q 0 0 0 rg BT 169.75 150.55 Td (for ) Tj ET Q q 0 0 0 rg BT 181.37 150.55 Td (2017 ) Tj ET Q q 0 0 0 rg BT 201.22 150.55 Td (and ) Tj ET Q q 0 0 0 rg BT 216.74 150.55 Td (2016, ) Tj ET Q q 0 0 0 rg BT 238.76 150.55 Td (respectively ) Tj ET Q q 0 0 0 rg BT 282.42 150.55 Td (\(see ) Tj ET Q q 0 0 0 rg BT 300.10 150.55 Td (the ) Tj ET Q q 0 0 0 rg BT 313.30 150.55 Td (T) Tj ET Q q 0 0 0 rg BT 317.19 150.55 Td (otal ) Tj ET Q q 0 0 0 rg BT 332.28 150.55 Td (Return ) Tj ET Q q 0 0 0 rg BT 358.02 150.55 Td (T) Tj ET Q q 0 0 0 rg BT 361.92 150.55 Td (o ) Tj ET Q q 0 0 0 rg BT 368.77 150.55 Td (Unitholders ) Tj ET Q q 0 0 0 rg BT 410.70 150.55 Td (section ) Tj ET Q q 0 0 0 rg BT 437.91 150.55 Td (of ) Tj ET Q q 0 0 0 rg BT 446.93 150.55 Td (Management's ) Tj ET Q q 0 0 0 rg BT 500.32 150.55 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 540.51 150.55 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 139.15 Td (Analysis\). ) Tj ET Q q 0 0 0 rg BT 85.49 139.15 Td ( ) Tj ET Q q 0 0 0 rg BT 87.71 139.15 Td (Importantly) Tj ET Q q 0 0 0 rg BT 125.68 139.15 Td (, ) Tj ET Q q 0 0 0 rg BT 130.06 139.15 Td (a ) Tj ET Q q 0 0 0 rg BT 136.61 139.15 Td (large ) Tj ET Q q 0 0 0 rg BT 156.15 139.15 Td (portion ) Tj ET Q q 0 0 0 rg BT 182.19 139.15 Td (of ) Tj ET Q q 0 0 0 rg BT 190.91 139.15 Td (this ) Tj ET Q q 0 0 0 rg BT 205.25 139.15 Td (total ) Tj ET Q q 0 0 0 rg BT 222.20 139.15 Td (return ) Tj ET Q q 0 0 0 rg BT 244.77 139.15 Td (to ) Tj ET Q q 0 0 0 rg BT 253.48 139.15 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 293.81 139.15 Td (is ) Tj ET Q q 0 0 0 rg BT 301.66 139.15 Td (provided ) Tj ET Q q 0 0 0 rg BT 333.76 139.15 Td (by ) Tj ET Q q 0 0 0 rg BT 344.21 139.15 Td (way ) Tj ET Q q 0 0 0 rg BT 360.28 139.15 Td (of ) Tj ET Q q 0 0 0 rg BT 369.00 139.15 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 414.95 139.15 Td ( ) Tj ET Q q 0 0 0 rg BT 417.17 139.15 Td (For ) Tj ET Q q 0 0 0 rg BT 431.07 139.15 Td (2017 ) Tj ET Q q 0 0 0 rg BT 450.62 139.15 Td (and ) Tj ET Q q 0 0 0 rg BT 465.84 139.15 Td (2016 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.39 139.15 Td (100.0%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.81 139.15 Td ( ) Tj ET Q q 0 0 0 rg BT 514.03 139.15 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.24 139.15 Td (90.2%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 551.33 139.15 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 127.75 Td (respectively) Tj ET Q q 0 0 0 rg BT 90.07 127.75 Td (, ) Tj ET Q q 0 0 0 rg BT 94.54 127.75 Td (of ) Tj ET Q q 0 0 0 rg BT 103.35 127.75 Td (the ) Tj ET Q q 0 0 0 rg BT 116.50 127.75 Td (distributions ) Tj ET Q q 0 0 0 rg BT 160.38 127.75 Td (received ) Tj ET Q q 0 0 0 rg BT 192.14 127.75 Td (by ) Tj ET Q q 0 0 0 rg BT 202.68 127.75 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 243.11 127.75 Td (were ) Tj ET Q q 0 0 0 rg BT 262.30 127.75 Td (treated ) Tj ET Q q 0 0 0 rg BT 288.87 127.75 Td (as ) Tj ET Q q 0 0 0 rg BT 299.41 127.75 Td (a ) Tj ET Q q 0 0 0 rg BT 306.05 127.75 Td (return ) Tj ET Q q 0 0 0 rg BT 328.71 127.75 Td (of ) Tj ET Q q 0 0 0 rg BT 337.52 127.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 362.36 127.75 Td (for ) Tj ET Q q 0 0 0 rg BT 373.76 127.75 Td (taxation ) Tj ET Q q 0 0 0 rg BT 403.36 127.75 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 439.89 127.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.15 696.53 Td (3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 668.53 Td (P) Tj ET Q q 0 0 0 rg BT 56.41 668.53 Td (AR) Tj ET Q q 0 0 0 rg BT 66.88 668.53 Td (T) Tj ET Q q 0 0 0 rg BT 71.50 668.53 Td ( II) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.70 668.53 Td (-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.50 668.53 Td (LEASING ) Tj ET Q q 0 0 0 rg BT 169.22 668.53 Td (AND PROPER) Tj ET Q q 0 0 0 rg BT 220.44 668.53 Td (TY) Tj ET Q q 0 0 0 rg BT 230.26 668.53 Td ( POR) Tj ET Q q 0 0 0 rg BT 249.17 668.53 Td (TFOLIO) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.85 668.58 Td (..........................................................................................................) 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Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.80 612.53 Td (27) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 584.53 Td (P) Tj ET Q q 0 0 0 rg BT 56.41 584.53 Td (AR) Tj ET Q q 0 0 0 rg BT 66.88 584.53 Td (T) Tj ET Q q 0 0 0 rg BT 71.50 584.53 Td ( V) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.70 584.53 Td (-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.50 584.53 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 187.81 584.53 Td (AND CONTROL) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 248.15 584.58 Td (..........................................................................................................................) 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Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.80 556.53 Td (39) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 31.95 Td (Page 1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 740.30 Td (FOR) Tj ET Q q 0 0 0 rg BT 70.10 740.30 Td (W) Tj ET Q q 0 0 0 rg BT 78.85 740.30 Td (ARD ) Tj ET Q q 0 0 0 rg BT 102.89 740.30 Td (LOOKING ) Tj ET Q q 0 0 0 rg BT 151.55 740.30 Td (ST) Tj ET Q q 0 0 0 rg BT 163.41 740.30 Td (A) Tj ET Q q 0 0 0 rg BT 169.79 740.30 Td (TEMENTS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 722.90 Td (Certain ) Tj ET Q q 0 0 0 rg BT 76.04 722.90 Td (information ) Tj ET Q q 0 0 0 rg BT 116.01 722.90 Td (in ) Tj ET Q q 0 0 0 rg BT 123.51 722.90 Td (this ) Tj ET Q q 0 0 0 rg BT 137.07 722.90 Td (Management) Tj ET Q q 0 0 0 rg BT 184.14 722.90 Td (s ) Tj ET Q q 0 0 0 rg BT 189.46 722.90 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 228.56 722.90 Td (and ) Tj ET Q q 0 0 0 rg BT 242.71 722.90 Td (Analysis ) Tj ET 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) Tj ET Q q 0 0 0 rg BT 257.15 688.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 297.37 688.70 Td (with ) Tj ET Q q 0 0 0 rg BT 313.32 688.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 340.98 688.70 Td (to ) Tj ET Q q 0 0 0 rg BT 349.58 688.70 Td (Management) Tj ET Q q 0 0 0 rg BT 396.65 688.70 Td (s ) Tj ET Q q 0 0 0 rg BT 402.65 688.70 Td (beliefs, ) Tj ET Q q 0 0 0 rg BT 429.44 688.70 Td (plans, ) Tj ET Q q 0 0 0 rg BT 452.34 688.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 487.79 688.70 Td (and ) Tj ET Q q 0 0 0 rg BT 502.89 688.70 Td (intentions, ) Tj ET Q q 0 0 0 rg BT 540.51 688.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 677.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 73.70 677.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 113.52 677.30 Td (concerning ) Tj ET Q q 0 0 0 rg BT 153.33 677.30 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 192.71 677.30 Td (future ) Tj ET Q q 0 0 0 rg BT 214.34 677.30 Td (events, ) Tj ET Q q 0 0 0 rg BT 241.16 677.30 Td (results, ) Tj ET Q q 0 0 0 rg BT 267.98 677.30 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 321.64 677.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 367.07 677.30 Td (or ) Tj ET Q q 0 0 0 rg BT 375.70 677.30 Td (expectations ) Tj ET Q q 0 0 0 rg BT 421.14 677.30 Td (that ) Tj ET Q q 0 0 0 rg BT 435.84 677.30 Td (are ) Tj ET Q q 0 0 0 rg BT 448.80 677.30 Td (not ) Tj ET Q q 0 0 0 rg BT 461.33 677.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 493.77 677.30 Td (facts. ) Tj ET Q q 0 0 0 rg BT 514.10 677.30 Td (Statements ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 665.90 Td (that ) Tj ET Q q 0 0 0 rg BT 64.13 665.90 Td (contain ) Tj ET Q q 0 0 0 rg BT 90.89 665.90 Td (words ) Tj ET Q q 0 0 0 rg BT 113.30 665.90 Td (such ) Tj ET Q q 0 0 0 rg BT 131.39 665.90 Td (as ) Tj ET Q q 0 0 0 rg BT 141.26 665.90 Td (could, ) Tj ET Q q 0 0 0 rg BT 168.87 665.90 Td (should, ) Tj ET Q q 0 0 0 rg BT 200.81 665.90 Td (would, ) Tj ET Q q 0 0 0 rg BT 230.15 665.90 Td (can, ) Tj ET Q q 0 0 0 rg BT 251.70 665.90 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 294.04 665.90 Td (expect, ) Tj ET Q q 0 0 0 rg BT 325.98 665.90 Td (does ) Tj ET Q q 0 0 0 rg BT 347.11 665.90 Td (not ) Tj ET Q q 0 0 0 rg BT 359.57 665.90 Td (expect, ) Tj ET Q q 0 0 0 rg BT 388.92 665.90 Td (believe, ) Tj ET Q q 0 0 0 rg BT 422.60 665.90 Td (plan, ) Tj ET Q q 0 0 0 rg BT 446.31 665.90 Td (budget, ) Tj ET Q q 0 0 0 rg BT 476.54 665.90 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 516.71 665.90 Td (estimate, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 654.50 Td (intend, ) Tj ET Q q 0 0 0 rg BT 80.59 654.50 Td (project, ) Tj ET Q q 0 0 0 rg BT 113.83 654.50 Td (will, ) Tj ET Q q 0 0 0 rg BT 134.50 654.50 Td (may, ) Tj ET Q q 0 0 0 rg BT 159.08 654.50 Td (might, ) Tj ET Q q 0 0 0 rg BT 187.99 654.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 225.14 654.50 Td (and ) Tj ET Q q 0 0 0 rg BT 240.64 654.50 Td (similar ) Tj ET Q q 0 0 0 rg BT 265.65 654.50 Td (expressions ) Tj ET Q q 0 0 0 rg BT 309.73 654.50 Td (or ) Tj ET Q q 0 0 0 rg BT 319.16 654.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 359.78 654.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 387.84 654.50 Td (to ) Tj ET Q q 0 0 0 rg BT 396.84 654.50 Td (matters ) Tj ET Q q 0 0 0 rg BT 425.32 654.50 Td (that ) Tj ET Q q 0 0 0 rg BT 440.83 654.50 Td (are ) Tj ET Q q 0 0 0 rg BT 454.59 654.50 Td (not ) Tj ET Q q 0 0 0 rg BT 467.93 654.50 Td (historical ) Tj ET Q q 0 0 0 rg BT 501.18 654.50 Td (facts ) Tj ET Q q 0 0 0 rg BT 520.14 654.50 Td (constitute ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 643.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 104.92 643.10 Td (statements.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 625.70 Td (These ) Tj ET Q q 0 0 0 rg BT 72.78 625.70 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 127.67 625.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 167.41 625.70 Td (are ) Tj ET Q q 0 0 0 rg BT 180.30 625.70 Td (not ) Tj ET Q q 0 0 0 rg BT 192.77 625.70 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 233.38 625.70 Td (of ) Tj ET Q q 0 0 0 rg BT 241.51 625.70 Td (future ) Tj ET Q q 0 0 0 rg BT 263.07 625.70 Td (events ) Tj ET Q q 0 0 0 rg BT 287.65 625.70 Td (or ) Tj ET Q q 0 0 0 rg BT 296.21 625.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 341.58 625.70 Td (and, ) Tj ET Q q 0 0 0 rg BT 358.37 625.70 Td (by ) Tj ET Q q 0 0 0 rg BT 368.23 625.70 Td (their ) Tj ET Q q 0 0 0 rg BT 385.02 625.70 Td (nature, ) Tj ET Q q 0 0 0 rg BT 410.91 625.70 Td (are ) Tj ET Q q 0 0 0 rg BT 423.80 625.70 Td (based ) Tj ET Q q 0 0 0 rg BT 446.66 625.70 Td (on ) Tj ET Q q 0 0 0 rg BT 456.95 625.70 Td (the ) Tj ET Q q 0 0 0 rg BT 469.41 625.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 488.75 625.70 Td (s ) Tj ET Q q 0 0 0 rg BT 494.28 625.70 Td (current ) Tj ET Q q 0 0 0 rg BT 520.16 625.70 Td (estimates ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 614.30 Td (and ) Tj ET Q q 0 0 0 rg BT 64.69 614.30 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 112.79 614.30 Td (which ) Tj ET Q q 0 0 0 rg BT 134.90 614.30 Td (are ) Tj ET Q q 0 0 0 rg BT 148.35 614.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 175.24 614.30 Td (to ) Tj ET Q q 0 0 0 rg BT 183.93 614.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 220.77 614.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 238.98 614.30 Td (and ) Tj ET Q q 0 0 0 rg BT 254.17 614.30 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 302.57 614.30 Td (The ) Tj ET Q q 0 0 0 rg BT 318.19 614.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 335.80 614.30 Td ( ) Tj ET Q q 0 0 0 rg BT 338.00 614.30 Td (believes ) Tj ET Q q 0 0 0 rg BT 368.78 614.30 Td (that ) Tj ET Q q 0 0 0 rg BT 383.97 614.30 Td (these ) Tj ET Q q 0 0 0 rg BT 405.22 614.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 445.53 614.30 Td (are ) Tj ET Q q 0 0 0 rg BT 458.98 614.30 Td (made ) Tj ET Q q 0 0 0 rg BT 480.67 614.30 Td (based ) Tj ET Q q 0 0 0 rg BT 504.09 614.30 Td (on ) Tj ET Q q 0 0 0 rg BT 514.95 614.30 Td (reasonable ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 602.90 Td (assumptions; ) Tj ET Q q 0 0 0 rg BT 96.92 602.90 Td (however) Tj ET Q q 0 0 0 rg BT 125.93 602.90 Td (, ) Tj ET Q q 0 0 0 rg BT 129.61 602.90 Td (there ) Tj ET Q q 0 0 0 rg BT 148.88 602.90 Td (is ) Tj ET Q q 0 0 0 rg BT 156.02 602.90 Td (no ) Tj ET Q q 0 0 0 rg BT 166.19 602.90 Td (assurance ) Tj ET Q q 0 0 0 rg BT 203.65 602.90 Td (that ) Tj ET Q q 0 0 0 rg BT 218.16 602.90 Td (the ) Tj ET Q q 0 0 0 rg BT 230.50 602.90 Td (events ) Tj ET Q q 0 0 0 rg BT 254.97 602.90 Td (or ) Tj ET Q q 0 0 0 rg BT 263.41 602.90 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 314.72 602.90 Td (reflected ) Tj ET Q q 0 0 0 rg BT 346.11 602.90 Td (in ) Tj ET Q q 0 0 0 rg BT 353.69 602.90 Td (these ) Tj ET Q q 0 0 0 rg BT 374.26 602.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 429.02 602.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 468.65 602.90 Td (will ) Tj ET Q q 0 0 0 rg BT 480.97 602.90 Td (occur ) Tj ET Q q 0 0 0 rg BT 501.53 602.90 Td (or ) Tj ET Q q 0 0 0 rg BT 509.97 602.90 Td (be ) Tj ET Q q 0 0 0 rg BT 520.15 602.90 Td (achieved. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 591.50 Td (A) Tj ET Q q 0 0 0 rg BT 54.27 591.50 Td ( ) Tj ET Q q 0 0 0 rg BT 56.93 591.50 Td (number ) Tj ET Q q 0 0 0 rg BT 86.01 591.50 Td (of ) Tj ET Q q 0 0 0 rg BT 95.17 591.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 121.22 591.50 Td (could ) Tj ET Q q 0 0 0 rg BT 142.50 591.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 165.96 591.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 189.41 591.50 Td (results ) Tj ET Q q 0 0 0 rg BT 215.02 591.50 Td (to ) Tj ET Q q 0 0 0 rg BT 224.18 591.50 Td (dif) Tj ET Q q 0 0 0 rg BT 232.28 591.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 244.03 591.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 280.03 591.50 Td (from ) Tj ET Q q 0 0 0 rg BT 298.27 591.50 Td (the ) Tj ET Q q 0 0 0 rg BT 311.77 591.50 Td (results ) Tj ET Q q 0 0 0 rg BT 337.38 591.50 Td (discussed ) Tj ET Q q 0 0 0 rg BT 374.69 591.50 Td (in ) Tj ET Q q 0 0 0 rg BT 383.41 591.50 Td (the ) Tj ET Q q 0 0 0 rg BT 396.91 591.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 452.82 591.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 493.60 591.50 Td (including, ) Tj ET Q q 0 0 0 rg BT 529.18 591.50 Td (but ) Tj ET Q q 0 0 0 rg BT 542.67 591.50 Td (not ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 73.41 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.31 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.54 580.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 110.95 580.10 Td (that ) Tj ET Q q 0 0 0 rg BT 125.35 580.10 Td (are ) Tj ET Q q 0 0 0 rg BT 138.00 580.10 Td (more ) Tj ET Q q 0 0 0 rg BT 157.15 580.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 172.40 580.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 208.45 580.10 Td (under ) Tj ET Q q 0 0 0 rg BT 229.77 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.00 580.10 Td () Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 244.59 580.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 261.14 580.10 Td (Factors) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 287.12 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.11 580.10 Td (section ) Tj ET Q q 0 0 0 rg BT 317.19 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.09 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.32 580.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 362.11 580.10 Td (information ) Tj ET Q q 0 0 0 rg BT 402.05 580.10 Td (form ) Tj ET Q q 0 0 0 rg BT 419.03 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.93 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.16 580.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 456.77 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.17 580.10 Td (for ) Tj ET Q q 0 0 0 rg BT 468.66 580.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.89 580.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.28 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.68 580.10 Td (\(Annual ) Tj ET Q q 0 0 0 rg BT 514.52 580.10 Td (Information ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 568.70 Td (Form\). ) Tj ET Q q 0 0 0 rg BT 76.92 568.70 Td (Factors ) Tj ET Q q 0 0 0 rg BT 104.78 568.70 Td (that ) Tj ET Q q 0 0 0 rg BT 119.67 568.70 Td (could ) Tj ET Q q 0 0 0 rg BT 140.18 568.70 Td (cause ) Tj ET Q q 0 0 0 rg BT 162.86 568.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 185.54 568.70 Td (results ) Tj ET Q q 0 0 0 rg BT 210.37 568.70 Td (to ) Tj ET Q q 0 0 0 rg BT 218.76 568.70 Td (dif) Tj ET Q q 0 0 0 rg BT 226.86 568.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 237.84 568.70 Td (materially ) Tj ET Q q 0 0 0 rg BT 273.06 568.70 Td (from ) Tj ET Q q 0 0 0 rg BT 290.53 568.70 Td (those ) Tj ET Q q 0 0 0 rg BT 311.48 568.70 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 360.14 568.70 Td (or ) Tj ET Q q 0 0 0 rg BT 368.96 568.70 Td (implied ) Tj ET Q q 0 0 0 rg BT 395.53 568.70 Td (by ) Tj ET Q q 0 0 0 rg BT 405.64 568.70 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 460.78 568.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 500.78 568.70 Td (include, ) Tj ET Q q 0 0 0 rg BT 529.53 568.70 Td (but ) Tj ET Q q 0 0 0 rg BT 542.25 568.70 Td (are ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 557.30 Td (not ) Tj ET Q q 0 0 0 rg BT 63.05 557.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 88.28 557.30 Td (to: ) Tj ET Q q 0 0 0 rg BT 99.66 557.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 118.39 557.30 Td (incidental ) Tj ET Q q 0 0 0 rg BT 154.03 557.30 Td (to ) Tj ET Q q 0 0 0 rg BT 163.25 557.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 201.47 557.30 Td (and ) Tj ET Q q 0 0 0 rg BT 217.18 557.30 Td (operation ) Tj ET Q q 0 0 0 rg BT 252.39 557.30 Td (of ) Tj ET Q q 0 0 0 rg BT 261.60 557.30 Td (real ) Tj ET Q q 0 0 0 rg BT 277.31 557.30 Td (estate ) Tj ET Q q 0 0 0 rg BT 301.25 557.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 338.62 557.30 Td (including ) Tj ET Q q 0 0 0 rg BT 372.08 557.30 Td (local ) Tj ET Q q 0 0 0 rg BT 390.82 557.30 Td (real ) Tj ET Q q 0 0 0 rg BT 406.53 557.30 Td (estate ) Tj ET Q q 0 0 0 rg BT 430.48 557.30 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 470.44 557.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.74 557.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 520.48 557.30 Td (related ) Tj ET Q q 0 0 0 rg BT 547.01 557.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 545.90 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 83.49 545.90 Td (available ) Tj ET Q q 0 0 0 rg BT 116.60 545.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 139.75 545.90 Td (and ) Tj ET Q q 0 0 0 rg BT 155.11 545.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 172.64 545.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 206.19 545.90 Td (at ) Tj ET Q q 0 0 0 rg BT 215.05 545.90 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 255.97 545.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 276.52 545.90 Td (and ) Tj ET Q q 0 0 0 rg BT 291.88 545.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 319.79 545.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 335.58 545.90 Td (fluctuations; ) Tj ET Q q 0 0 0 rg BT 379.53 545.90 Td (operational ) Tj ET Q q 0 0 0 rg BT 420.44 545.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 438.81 545.90 Td (including ) Tj ET Q q 0 0 0 rg BT 471.93 545.90 Td (timely ) Tj ET Q q 0 0 0 rg BT 494.64 545.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 521.69 545.90 Td (of ) Tj ET Q q 0 0 0 rg BT 530.55 545.90 Td (vacant ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 534.50 Td (space ) Tj ET Q q 0 0 0 rg BT 71.70 534.50 Td (and ) Tj ET Q q 0 0 0 rg BT 86.11 534.50 Td (re-leasing ) Tj ET Q q 0 0 0 rg BT 121.73 534.50 Td (of ) Tj ET Q q 0 0 0 rg BT 129.64 534.50 Td (occupied ) Tj ET Q q 0 0 0 rg BT 162.24 534.50 Td (space ) Tj ET Q q 0 0 0 rg BT 184.44 534.50 Td (on ) Tj ET Q q 0 0 0 rg BT 194.52 534.50 Td (expiration ) Tj ET Q q 0 0 0 rg BT 229.71 534.50 Td (of ) Tj ET Q q 0 0 0 rg BT 237.62 534.50 Td (current ) Tj ET Q q 0 0 0 rg BT 263.28 534.50 Td (leases ) Tj ET Q q 0 0 0 rg BT 287.22 534.50 Td (on ) Tj ET Q q 0 0 0 rg BT 297.29 534.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 318.18 534.50 Td (at ) Tj ET Q q 0 0 0 rg BT 326.09 534.50 Td (current ) Tj ET Q q 0 0 0 rg BT 351.75 534.50 Td (or ) Tj ET Q q 0 0 0 rg BT 360.09 534.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 399.19 534.50 Td (rental ) Tj ET Q q 0 0 0 rg BT 420.09 534.50 Td (rates; ) Tj ET Q q 0 0 0 rg BT 440.99 534.50 Td (tenant ) Tj ET Q q 0 0 0 rg BT 464.06 534.50 Td (defaults ) Tj ET Q q 0 0 0 rg BT 492.77 534.50 Td (and ) Tj ET Q q 0 0 0 rg BT 507.18 534.50 Td (bankruptcies; ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 523.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 96.87 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.57 523.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 146.58 523.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 179.65 523.10 Td (including ) Tj ET Q q 0 0 0 rg BT 213.60 523.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 252.74 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.44 523.10 Td (suitable ) Tj ET Q q 0 0 0 rg BT 292.49 523.10 Td (property ) Tj ET Q q 0 0 0 rg BT 324.26 523.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 368.17 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.36 523.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 423.94 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.64 523.10 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 479.71 523.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 522.75 523.10 Td (including ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 511.70 Td (development ) Tj ET Q q 0 0 0 rg BT 96.59 511.70 Td (of ) Tj ET Q q 0 0 0 rg BT 105.57 511.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 142.69 511.70 Td (in ) Tj ET Q q 0 0 0 rg BT 151.24 511.70 Td (close ) Tj ET Q q 0 0 0 rg BT 171.91 511.70 Td (proximity ) Tj ET Q q 0 0 0 rg BT 205.56 511.70 Td (to ) Tj ET Q q 0 0 0 rg BT 214.53 511.70 Td (the ) Tj ET Q q 0 0 0 rg BT 227.85 511.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 247.19 511.70 Td (s ) Tj ET Q q 0 0 0 rg BT 253.56 511.70 Td (properties; ) Tj ET Q q 0 0 0 rg BT 292.85 511.70 Td (loss ) Tj ET Q q 0 0 0 rg BT 309.19 511.70 Td (of ) Tj ET Q q 0 0 0 rg BT 318.17 511.70 Td (key ) Tj ET Q q 0 0 0 rg BT 332.77 511.70 Td (management ) Tj ET Q q 0 0 0 rg BT 380.73 511.70 Td (and ) Tj ET Q q 0 0 0 rg BT 396.21 511.70 Td (employees; ) Tj ET Q q 0 0 0 rg BT 438.53 511.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 470.47 511.70 Td (environmental ) Tj ET Q q 0 0 0 rg BT 521.88 511.70 Td (liabilities; ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 500.30 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 93.68 500.30 Td (events, ) Tj ET Q q 0 0 0 rg BT 120.97 500.30 Td (such ) Tj ET Q q 0 0 0 rg BT 139.59 500.30 Td (as ) Tj ET Q q 0 0 0 rg BT 149.99 500.30 Td (earthquakes ) Tj ET Q q 0 0 0 rg BT 195.03 500.30 Td (and ) Tj ET Q q 0 0 0 rg BT 210.20 500.30 Td (hurricanes; ) Tj ET Q q 0 0 0 rg BT 250.90 500.30 Td (governmental, ) Tj ET Q q 0 0 0 rg BT 302.44 500.30 Td (taxation ) Tj ET Q q 0 0 0 rg BT 331.90 500.30 Td (and ) Tj ET Q q 0 0 0 rg BT 347.06 500.30 Td (other ) Tj ET Q q 0 0 0 rg BT 366.98 500.30 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 403.79 500.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 421.97 500.30 Td (and ) Tj ET Q q 0 0 0 rg BT 437.14 500.30 Td (litigation ) Tj ET Q q 0 0 0 rg BT 467.89 500.30 Td (risks. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 482.90 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 107.76 482.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 148.29 482.90 Td (included ) Tj ET Q q 0 0 0 rg BT 179.72 482.90 Td (in ) Tj ET Q q 0 0 0 rg BT 188.20 482.90 Td (this ) Tj ET Q q 0 0 0 rg BT 202.74 482.90 Td (MD&A) Tj ET Q q 0 0 0 rg BT 224.82 482.90 Td ( ) Tj ET Q q 0 0 0 rg BT 227.23 482.90 Td (are ) Tj ET Q q 0 0 0 rg BT 240.91 482.90 Td (made ) Tj ET Q q 0 0 0 rg BT 262.81 482.90 Td (as ) Tj ET Q q 0 0 0 rg BT 273.45 482.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.37 482.90 Td (February28, ) Tj ET Q q 0 0 0 rg BT 328.95 482.90 Td (2018) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 346.28 482.90 Td ( ) Tj ET Q q 0 0 0 rg BT 348.70 482.90 Td (and ) Tj ET Q q 0 0 0 rg BT 364.11 482.90 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 405.93 482.90 Td (are ) Tj ET Q q 0 0 0 rg BT 419.60 482.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 446.71 482.90 Td (to ) Tj ET Q q 0 0 0 rg BT 455.62 482.90 Td (change ) Tj ET Q q 0 0 0 rg BT 483.60 482.90 Td (after ) Tj ET Q q 0 0 0 rg BT 501.60 482.90 Td (such ) Tj ET Q q 0 0 0 rg BT 520.48 482.90 Td (date. ) Tj ET Q q 0 0 0 rg BT 540.07 482.90 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 471.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 67.11 471.50 Td ( ) Tj ET Q q 0 0 0 rg BT 69.51 471.50 Td (does ) Tj ET Q q 0 0 0 rg BT 88.81 471.50 Td (not ) Tj ET Q q 0 0 0 rg BT 102.05 471.50 Td (undertake ) Tj ET Q q 0 0 0 rg BT 139.10 471.50 Td (to ) Tj ET Q q 0 0 0 rg BT 148.01 471.50 Td (update ) Tj ET Q q 0 0 0 rg BT 174.24 471.50 Td (any ) Tj ET Q q 0 0 0 rg BT 189.21 471.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 244.86 471.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 285.38 471.50 Td (that ) Tj ET Q q 0 0 0 rg BT 300.78 471.50 Td (are ) Tj ET Q q 0 0 0 rg BT 314.44 471.50 Td (included ) Tj ET Q q 0 0 0 rg BT 345.87 471.50 Td (in ) Tj ET Q q 0 0 0 rg BT 354.34 471.50 Td (this ) Tj ET Q q 0 0 0 rg BT 368.87 471.50 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 395.94 471.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 426.06 471.50 Td (as ) Tj ET Q q 0 0 0 rg BT 436.69 471.50 Td (a ) Tj ET Q q 0 0 0 rg BT 443.43 471.50 Td (result ) Tj ET Q q 0 0 0 rg BT 464.88 471.50 Td (of ) Tj ET Q q 0 0 0 rg BT 473.79 471.50 Td (new ) Tj ET Q q 0 0 0 rg BT 490.48 471.50 Td (information, ) Tj ET Q q 0 0 0 rg BT 533.59 471.50 Td (future ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (events ) Tj ET Q q 0 0 0 rg BT 73.80 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 82.06 460.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 118.91 460.10 Td (except ) Tj ET Q q 0 0 0 rg BT 143.21 460.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.78 460.10 Td (expressly ) Tj ET Q q 0 0 0 rg BT 187.02 460.10 Td (required ) Tj ET Q q 0 0 0 rg BT 216.94 460.10 Td (by ) Tj ET Q q 0 0 0 rg BT 226.51 460.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 262.94 460.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 297.18 460.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 316.27 460.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 342.72 460.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 382.18 460.10 Td (included ) Tj ET Q q 0 0 0 rg BT 412.54 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.94 460.10 Td (this ) Tj ET Q q 0 0 0 rg BT 433.41 460.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 455.48 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.82 460.10 Td (may ) Tj ET Q q 0 0 0 rg BT 472.88 460.10 Td (be ) Tj ET Q q 0 0 0 rg BT 482.89 460.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 522.34 460.10 Td (financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 448.70 Td (outlook ) Tj ET Q q 0 0 0 rg BT 79.30 448.70 Td (for ) Tj ET Q q 0 0 0 rg BT 90.47 448.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 124.59 448.70 Td (of ) Tj ET Q q 0 0 0 rg BT 133.17 448.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 170.33 448.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 205.32 448.70 Td (laws, ) Tj ET Q q 0 0 0 rg BT 225.15 448.70 Td (and ) Tj ET Q q 0 0 0 rg BT 240.22 448.70 Td (such ) Tj ET Q q 0 0 0 rg BT 258.76 448.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.42 448.70 Td (outlook ) Tj ET Q q 0 0 0 rg BT 316.62 448.70 Td (may ) Tj ET Q q 0 0 0 rg BT 333.42 448.70 Td (not ) Tj ET Q q 0 0 0 rg BT 346.33 448.70 Td (be ) Tj ET Q q 0 0 0 rg BT 357.08 448.70 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 398.56 448.70 Td (for ) Tj ET Q q 0 0 0 rg BT 409.74 448.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 443.86 448.70 Td (other ) Tj ET Q q 0 0 0 rg BT 463.70 448.70 Td (than ) Tj ET Q q 0 0 0 rg BT 480.94 448.70 Td (this ) Tj ET Q q 0 0 0 rg BT 495.15 448.70 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 521.89 448.70 Td (Investors ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 437.30 Td (are ) Tj ET Q q 0 0 0 rg BT 62.92 437.30 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 98.88 437.30 Td (against ) Tj ET Q q 0 0 0 rg BT 126.17 437.30 Td (placing ) Tj ET Q q 0 0 0 rg BT 153.02 437.30 Td (undue ) Tj ET Q q 0 0 0 rg BT 176.85 437.30 Td (reliance ) Tj ET Q q 0 0 0 rg BT 206.30 437.30 Td (on ) Tj ET Q q 0 0 0 rg BT 217.13 437.30 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 272.55 437.30 Td (statements.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 31.95 Td (Page 2) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 740.30 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 102.33 740.30 Td ( ) Tj ET Q q 0 0 0 rg BT 104.71 740.30 Td (AND INFORMA) Tj ET Q q 0 0 0 rg BT 173.94 740.30 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 210.39 740.30 Td ( HIGHLIGHTS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 728.90 Td (\(in thousands of dollars except per unit amounts\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 217.98 728.90 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 718.4 m 253 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 694.4 m 253 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 718.4 m 313 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 694.4 m 313 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 718.4 m 373 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313 694.4 m 373 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 718.4 m 433 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373 694.4 m 433 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 718.4 m 493 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 694.4 m 493 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 718.4 m 553 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 694.4 m 553 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 610.4 m 253 610.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 610.4 m 313 610.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 610.4 m 373 610.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 610.4 m 433 610.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 610.4 m 493 610.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 610.4 m 553 610.4 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.80 708.43 Td (December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.15 698.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.35 708.43 Td (September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 352.15 698.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.60 708.43 Td (June 30, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.15 698.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.85 708.43 Td (March 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.15 698.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 500.55 708.43 Td (December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 698.93 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 684.93 Td (Summary of Portfolio Information) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 670.93 Td (Number of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 296.85 670.93 Td (38) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 356.85 670.93 Td (38) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 416.85 670.93 Td (38) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.85 670.93 Td (35) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.85 670.93 Td (35) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 656.93 Td (Gross leasable area \("GLA"\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 270.85 656.93 Td (6,1) Tj ET Q q 0 0 0 rg BT 281.68 656.93 Td (16,085) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.85 656.93 Td (6,1) Tj ET Q q 0 0 0 rg BT 341.68 656.93 Td (16,085) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.85 656.93 Td (6,1) Tj ET Q q 0 0 0 rg BT 401.68 656.93 Td (16,085) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 450.85 656.93 Td (4,990,052) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 510.85 656.93 Td (4,990,052) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 642.93 Td (T) Tj ET Q q 0 0 0 rg BT 56.83 642.93 Td (otal assets) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 642.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 270.85 642.93 Td (1,364,854) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.50 642.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.85 642.93 Td (1,353,127) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.50 642.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.85 642.93 Td (1,302,622) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.50 642.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 450.85 642.93 Td (1,164,104) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.50 642.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 510.85 642.93 Td (1,025,522) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 628.93 Td (T) Tj ET Q q 0 0 0 rg BT 56.83 628.93 Td (otal debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 628.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 277.35 628.93 Td (795,591) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.50 628.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 337.35 628.93 Td (793,765) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.50 628.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.35 628.93 Td (752,312) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.50 628.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.35 628.93 Td (621,896) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.50 628.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.35 628.93 Td (604,953) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 614.93 Td (Occupancy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.35 614.93 Td (85.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.55 614.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.35 614.93 Td (85.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.55 614.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.35 614.93 Td (84.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.55 614.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.35 614.93 Td (84.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.55 614.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.35 614.93 Td (86.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.55 614.93 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 600.4 m 252.5 600.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 600.4 m 312.5 600.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 600.4 m 372.5 600.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 600.4 m 432.5 600.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 600.4 m 492.5 600.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 600.4 m 552.5 600.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.5 562.4 m 252.5 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 562.4 m 312.5 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 312.5 562.4 m 372.5 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 562.4 m 432.5 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 562.4 m 492.5 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.5 562.4 m 552.5 562.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 324.4 m 252.5 324.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 324.4 m 312.5 324.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 324.4 m 372.5 324.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 324.4 m 432.5 324.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 324.4 m 492.5 324.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 324.4 m 552.5 324.4 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.10 590.93 Td (Three months ended) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.30 576.43 Td (December 31, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.65 566.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.85 576.43 Td (September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 351.65 566.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 576.43 Td (June 30, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.65 566.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.35 576.43 Td (March 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.65 566.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 500.05 576.43 Td (December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.65 566.93 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 552.93 Td (Summary of Financial Information) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 538.93 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.00 538.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.20 538.93 Td (42,380) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.00 538.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.20 538.93 Td (41,208) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.00 538.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 538.93 Td (36,230) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.00 538.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.20 538.93 Td (32,318) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.00 538.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.20 538.93 Td (35,094) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 524.93 Td (Net operating income \("NOI"\)) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 152.79 527.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.20 524.93 Td (18,489) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.20 524.93 Td (19,040) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 524.93 Td (17,131) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.20 524.93 Td (14,175) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.20 524.93 Td (15,065) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 510.93 Td (Net income and comprehensive income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.20 510.93 Td (14,174) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.20 510.93 Td (23,607) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.55 510.93 Td (3,482) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.55 510.93 Td (8,442) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.20 510.93 Td (14,571) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 496.93 Td (Funds from operations \("FFO"\)) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 158.41 499.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.20 496.93 Td (1) Tj ET Q q 0 0 0 rg BT 285.53 496.93 Td (1,221) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.20 496.93 Td (12,372) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 496.93 Td (1) Tj ET Q q 0 0 0 rg BT 405.53 496.93 Td (1,405) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.55 496.93 Td (9,495) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.20 496.93 Td (10,650) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 482.93 Td (Core-FFO) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 87.06 485.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.20 482.93 Td (1) Tj ET Q q 0 0 0 rg BT 285.53 482.93 Td (1,782) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.20 482.93 Td (12,923) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 482.93 Td (1) Tj ET Q q 0 0 0 rg BT 405.53 482.93 Td (1,949) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.20 482.93 Td (10,030) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.20 482.93 Td (1) Tj ET Q q 0 0 0 rg BT 525.53 482.93 Td (1,177) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 468.93 Td (Adjusted FFO \("AFFO"\)) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 133.73 471.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.55 468.93 Td (9,528) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.20 468.93 Td (10,663) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 468.93 Td (10,694) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.55 468.93 Td (8,842) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 525.55 468.93 Td (9,737) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 440.93 Td (Per Unit Financial Information) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 426.93 Td (W) Tj ET Q q 0 0 0 rg BT 59.22 426.93 Td (eighted average diluted number of trust units \(000s\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.20 426.93 Td (62,266) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.20 426.93 Td (62,231) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 426.93 Td (57,781) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.20 426.93 Td (46,101) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.20 426.93 Td (46,071) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 412.93 Td (FFO per unit) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 95.73 415.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.00 412.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.85 412.93 Td (0.18) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.00 412.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 349.85 412.93 Td (0.20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.00 412.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.85 412.93 Td (0.20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.00 412.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.85 412.93 Td (0.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.00 412.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.85 412.93 Td (0.23) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 398.93 Td (Core-FFO per unit) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 115.21 401.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.85 398.93 Td (0.19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 349.85 398.93 Td (0.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.85 398.93 Td (0.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.85 398.93 Td (0.22) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.85 398.93 Td (0.24) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 384.93 Td (AFFO per unit) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 100.93 387.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.85 384.93 Td (0.15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 349.85 384.93 Td (0.17) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.85 384.93 Td (0.19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.85 384.93 Td (0.19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.85 384.93 Td (0.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 370.93 Td (Distributions per unit) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 123.02 373.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.00 370.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.20 370.93 Td (0.1875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.00 370.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.20 370.93 Td (0.1875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.00 370.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 370.93 Td (0.1875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.00 370.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.20 370.93 Td (0.1875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.00 370.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.20 370.93 Td (0.1875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 356.93 Td (FFO pay-out ratio) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 113.06 359.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.55 356.93 Td (103.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.05 356.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 349.85 356.93 Td (94.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.05 356.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.55 356.93 Td (102.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.05 356.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.85 356.93 Td (91.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.05 356.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.85 356.93 Td (81.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.05 356.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 342.93 Td (Core-FFO payout ratio) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 129.94 345.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.85 342.93 Td (99.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.05 342.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 349.85 342.93 Td (90.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.05 342.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.85 342.93 Td (97.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.05 342.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.85 342.93 Td (86.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.05 342.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.85 342.93 Td (77.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.05 342.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 328.93 Td (AFFO pay-out ratio) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 118.25 331.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.55 328.93 Td (122.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.05 328.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.55 328.93 Td (109.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.05 328.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.55 328.93 Td (108.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.05 328.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.85 328.93 Td (97.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.05 328.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.85 328.93 Td (88.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.05 328.93 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 314.4 m 252.5 314.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.5 290.4 m 252.5 290.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 314.4 m 312.5 314.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.5 290.4 m 312.5 290.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 314.4 m 372.5 314.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 312.5 290.4 m 372.5 290.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 314.4 m 432.5 314.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 290.4 m 432.5 290.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 314.4 m 492.5 314.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 290.4 m 492.5 290.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 314.4 m 552.5 314.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.5 290.4 m 552.5 290.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 215.39999999999998 m 252.5 215.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.5 215.39999999999998 m 312.5 215.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 215.39999999999998 m 372.5 215.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 215.39999999999998 m 432.5 215.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 215.39999999999998 m 492.5 215.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 215.39999999999998 m 552.5 215.39999999999998 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.30 304.43 Td (December 31, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.65 294.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.85 304.43 Td (September 30, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 351.65 294.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 304.43 Td (June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.65 294.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.35 304.43 Td (March 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.65 294.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 500.05 304.43 Td (December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.65 294.93 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.00 279.93 Td (Financial Data) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 264.93 Td (Loan-to-value \("L) Tj ET Q q 0 0 0 rg BT 111.21 264.93 Td (TV"\) ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.85 264.93 Td (58.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.05 264.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 349.85 264.93 Td (58.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.05 264.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.85 264.93 Td (57.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.05 264.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.85 264.93 Td (59.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.05 264.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.85 264.93 Td (59.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.05 264.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 249.93 Td (W) Tj ET Q q 0 0 0 rg BT 59.22 249.93 Td (eighted average debt interest rate) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.20 249.93 Td (3.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.05 249.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 354.20 249.93 Td (3.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.05 249.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 414.20 249.93 Td (3.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.05 249.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.20 249.93 Td (3.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.05 249.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.20 249.93 Td (3.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.05 249.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 234.93 Td (Interest coverage ratio \(times\)) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 155.49 237.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 293.80 234.93 Td (2.6x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 354.25 234.93 Td (3.0x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 414.25 234.93 Td (3.1x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.25 234.93 Td (3.0x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.25 234.93 Td (3.2x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 219.93 Td (Net debt to adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 151.61 219.93 Td ( ratio \(times\)) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 194.90 222.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.50 219.93 Td (10.7x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 354.25 219.93 Td (9.9x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.90 219.93 Td (10.7x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.90 219.93 Td (10.4x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.25 219.93 Td (9.3x) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 206.90 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.62 206.90 Td (The calculation of these non-IFRS financial measures and a reconciliation to relevant IFRS measures are included in Part III and IV) Tj ET Q q 0 0 0 rg BT 414.67 206.90 Td (.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 31.95 Td (Page 3) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 740.30 Td (P) Tj ET Q q 0 0 0 rg BT 55.34 740.30 Td (ART I - OVER) Tj ET Q q 0 0 0 rg BT 117.49 740.30 Td (VIEW ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 722.90 Td (INTRODUCTION) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 705.50 Td (This ) Tj ET Q q 0 0 0 rg BT 66.39 705.50 Td (Management) Tj ET Q q 0 0 0 rg BT 113.46 705.50 Td (s ) Tj ET Q q 0 0 0 rg BT 119.53 705.50 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 159.38 705.50 Td (and ) Tj ET Q q 0 0 0 rg BT 174.12 705.50 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 205.31 705.50 Td (\(MD&A\) ) Tj ET Q q 0 0 0 rg BT 240.36 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 249.03 705.50 Td (the ) Tj ET Q q 0 0 0 rg BT 262.04 705.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.79 705.50 Td (position ) Tj ET Q q 0 0 0 rg BT 321.82 705.50 Td (and ) Tj ET Q q 0 0 0 rg BT 337.00 705.50 Td (results ) Tj ET Q q 0 0 0 rg BT 362.12 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 370.79 705.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 409.35 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 418.02 705.50 Td (the ) Tj ET Q q 0 0 0 rg BT 431.03 705.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 448.64 705.50 Td ( ) Tj ET Q q 0 0 0 rg BT 450.81 705.50 Td (is ) Tj ET Q q 0 0 0 rg BT 458.62 705.50 Td (intended ) Tj ET Q q 0 0 0 rg BT 490.68 705.50 Td (to ) Tj ET Q q 0 0 0 rg BT 499.36 705.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 527.08 705.50 Td (readers ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 65.85 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 77.02 694.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 121.09 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.10 694.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 176.33 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.83 694.10 Td (summarize ) Tj ET Q q 0 0 0 rg BT 232.43 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.76 694.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.85 694.10 Td (position ) Tj ET Q q 0 0 0 rg BT 306.20 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.70 694.10 Td (results ) Tj ET Q q 0 0 0 rg BT 347.15 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.15 694.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 395.04 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.04 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.37 694.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 434.98 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.48 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 449.08 694.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.41 694.10 Td (year ) Tj ET Q q 0 0 0 rg BT 480.07 694.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 504.23 694.10 Td (December ) Tj ET Q q 0 0 0 rg BT 542.67 694.10 Td (31, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 682.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 66.83 682.70 Td (. ) Tj ET Q q 0 0 0 rg BT 70.61 682.70 Td (The ) Tj ET Q q 0 0 0 rg BT 85.76 682.70 Td (presentation ) Tj ET Q q 0 0 0 rg BT 130.37 682.70 Td (of ) Tj ET Q q 0 0 0 rg BT 138.60 682.70 Td (the ) Tj ET Q q 0 0 0 rg BT 151.15 682.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 170.49 682.70 Td (s ) Tj ET Q q 0 0 0 rg BT 176.11 682.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 206.42 682.70 Td (results, ) Tj ET Q q 0 0 0 rg BT 233.26 682.70 Td (including ) Tj ET Q q 0 0 0 rg BT 265.74 682.70 Td (the ) Tj ET Q q 0 0 0 rg BT 278.30 682.70 Td (related ) Tj ET Q q 0 0 0 rg BT 303.84 682.70 Td (comparative ) Tj ET Q q 0 0 0 rg BT 348.00 682.70 Td (information, ) Tj ET Q q 0 0 0 rg BT 390.44 682.70 Td (contained ) Tj ET Q q 0 0 0 rg BT 425.95 682.70 Td (in ) Tj ET Q q 0 0 0 rg BT 433.74 682.70 Td (this ) Tj ET Q q 0 0 0 rg BT 447.59 682.70 Td (MD&A) Tj ET Q q 0 0 0 rg BT 469.67 682.70 Td ( ) Tj ET Q q 0 0 0 rg BT 471.39 682.70 Td (are ) Tj ET Q q 0 0 0 rg BT 484.38 682.70 Td (based ) Tj ET Q q 0 0 0 rg BT 507.33 682.70 Td (on ) Tj ET Q q 0 0 0 rg BT 517.72 682.70 Td (the ) Tj ET Q q 0 0 0 rg BT 530.28 682.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 549.61 682.70 Td (s ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 671.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 95.44 671.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 126.22 671.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 166.52 671.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 182.14 671.30 Td ("consolidated ) Tj ET Q q 0 0 0 rg BT 230.85 671.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 261.62 671.30 Td (statements"\) ) Tj ET Q q 0 0 0 rg BT 307.29 671.30 Td (as ) Tj ET Q q 0 0 0 rg BT 317.71 671.30 Td (at ) Tj ET Q q 0 0 0 rg BT 326.40 671.30 Td (and ) Tj ET Q q 0 0 0 rg BT 341.59 671.30 Td (for ) Tj ET Q q 0 0 0 rg BT 352.88 671.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.90 671.30 Td (year ) Tj ET Q q 0 0 0 rg BT 383.25 671.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 407.10 671.30 Td (December ) Tj ET Q q 0 0 0 rg BT 445.23 671.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 458.25 671.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.58 671.30 Td ( ) Tj ET Q q 0 0 0 rg BT 477.78 671.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 492.97 671.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 510.30 671.30 Td (. ) Tj ET Q q 0 0 0 rg BT 514.52 671.30 Td (This ) Tj ET Q q 0 0 0 rg BT 531.43 671.30 Td (MD&A) Tj ET Q q 0 0 0 rg BT 553.51 671.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 659.90 Td (should ) Tj ET Q q 0 0 0 rg BT 74.18 659.90 Td (be ) Tj ET Q q 0 0 0 rg BT 84.57 659.90 Td (read ) Tj ET Q q 0 0 0 rg BT 101.88 659.90 Td (in ) Tj ET Q q 0 0 0 rg BT 109.66 659.90 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 150.80 659.90 Td (with ) Tj ET Q q 0 0 0 rg BT 166.38 659.90 Td (those ) Tj ET Q q 0 0 0 rg BT 187.16 659.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 232.63 659.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 262.94 659.90 Td (statements. ) Tj ET Q q 0 0 0 rg BT 304.60 659.90 Td (All ) Tj ET Q q 0 0 0 rg BT 314.98 659.90 Td (dollar ) Tj ET Q q 0 0 0 rg BT 335.75 659.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 367.35 659.90 Td (are ) Tj ET Q q 0 0 0 rg BT 380.33 659.90 Td (in ) Tj ET Q q 0 0 0 rg BT 388.12 659.90 Td (thousands ) Tj ET Q q 0 0 0 rg BT 425.80 659.90 Td (of ) Tj ET Q q 0 0 0 rg BT 434.02 659.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 469.09 659.90 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 495.92 659.90 Td (unless ) Tj ET Q q 0 0 0 rg BT 520.17 659.90 Td (otherwise ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 648.50 Td (noted. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 631.10 Td (The information contained in this MD&A) Tj ET Q q 0 0 0 rg BT 186.35 631.10 Td ( is based on information available to the REIT) Tj ET Q q 0 0 0 rg BT 343.43 631.10 Td ( and is dated as of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.28 631.10 Td (February28, 2018) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.94 631.10 Td (, which is also the date ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 619.70 Td (the Board of ) Tj ET Q q 0 0 0 rg BT 93.98 619.70 Td (T) Tj ET Q q 0 0 0 rg BT 98.46 619.70 Td (rustees, upon the recommendation of its ) Tj ET Q q 0 0 0 rg BT 239.23 619.70 Td (Audit Committee, approved the contents of this MD&A.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 602.30 Td (SLA) Tj ET Q q 0 0 0 rg BT 64.51 602.30 Td (TE ) Tj ET Q q 0 0 0 rg BT 76.63 602.30 Td (OFFICE ) Tj ET Q q 0 0 0 rg BT 107.36 602.30 Td (REIT ) Tj ET Q q 0 0 0 rg BT 127.27 602.30 Td (PROFILE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 584.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.35 584.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.96 584.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.38 584.90 Td (is ) Tj ET Q q 0 0 0 rg BT 93.43 584.90 Td (an ) Tj ET Q q 0 0 0 rg BT 104.51 584.90 Td (unincorporated ) Tj ET Q q 0 0 0 rg BT 158.91 584.90 Td (open-ended ) Tj ET Q q 0 0 0 rg BT 202.92 584.90 Td (real ) Tj ET Q q 0 0 0 rg BT 218.33 584.90 Td (estate ) Tj ET Q q 0 0 0 rg BT 241.98 584.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 282.08 584.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 299.65 584.90 Td (governed ) Tj ET Q q 0 0 0 rg BT 334.56 584.90 Td (by ) Tj ET Q q 0 0 0 rg BT 345.21 584.90 Td (the ) Tj ET Q q 0 0 0 rg BT 358.47 584.90 Td (laws ) Tj ET Q q 0 0 0 rg BT 376.47 584.90 Td (of ) Tj ET Q q 0 0 0 rg BT 385.39 584.90 Td (the ) Tj ET Q q 0 0 0 rg BT 398.65 584.90 Td (Province ) Tj ET Q q 0 0 0 rg BT 431.38 584.90 Td (of ) Tj ET Q q 0 0 0 rg BT 440.30 584.90 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 468.27 584.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 501.01 584.90 Td (to ) Tj ET Q q 0 0 0 rg BT 509.94 584.90 Td (an ) Tj ET Q q 0 0 0 rg BT 521.02 584.90 Td (amended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 573.50 Td (and ) Tj ET Q q 0 0 0 rg BT 63.67 573.50 Td (restated ) Tj ET Q q 0 0 0 rg BT 93.00 573.50 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 133.58 573.50 Td (of ) Tj ET Q q 0 0 0 rg BT 141.18 573.50 Td (T) Tj ET Q q 0 0 0 rg BT 145.66 573.50 Td (rust ) Tj ET Q q 0 0 0 rg BT 159.82 573.50 Td (dated ) Tj ET Q q 0 0 0 rg BT 180.49 573.50 Td (as ) Tj ET Q q 0 0 0 rg BT 189.90 573.50 Td (of ) Tj ET Q q 0 0 0 rg BT 197.57 573.50 Td (December ) Tj ET Q q 0 0 0 rg BT 234.68 573.50 Td (17, ) Tj ET Q q 0 0 0 rg BT 246.68 573.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 267.36 573.50 Td (as ) Tj ET Q q 0 0 0 rg BT 276.76 573.50 Td (amended ) Tj ET Q q 0 0 0 rg BT 310.42 573.50 Td (on ) Tj ET Q q 0 0 0 rg BT 320.26 573.50 Td (March ) Tj ET Q q 0 0 0 rg BT 343.08 573.50 Td (16, ) Tj ET Q q 0 0 0 rg BT 355.09 573.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 375.76 573.50 Td (May ) Tj ET Q q 0 0 0 rg BT 391.65 573.50 Td (25, ) Tj ET Q q 0 0 0 rg BT 403.66 573.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 422.17 573.50 Td (and ) Tj ET Q q 0 0 0 rg BT 436.34 573.50 Td (March ) Tj ET Q q 0 0 0 rg BT 459.16 573.50 Td (21, ) Tj ET Q q 0 0 0 rg BT 471.17 573.50 Td (2016. ) Tj ET Q q 0 0 0 rg BT 491.84 573.50 Td ( ) Tj ET Q q 0 0 0 rg BT 493.01 573.50 Td (On ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 504.58 573.50 Td (December31, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 66.83 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 71.73 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.29 562.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 102.90 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.63 562.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 131.31 562.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 163.49 562.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 172.28 562.10 Td (38) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 180.95 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.68 562.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 221.05 562.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 259.72 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.95 562.10 Td (34 ) Tj ET Q q 0 0 0 rg BT 280.34 562.10 Td (of) Tj ET Q q 0 0 0 rg BT 286.71 562.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 301.56 562.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 338.94 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.66 562.10 Td (4 ) Tj ET Q q 0 0 0 rg BT 361.73 562.10 Td (non-of) Tj ET Q q 0 0 0 rg BT 383.68 562.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 398.54 562.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 435.91 562.10 Td (totaling ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.77 562.10 Td (6.0 ) Tj ET Q q 0 0 0 rg BT 477.33 562.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 499.41 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.14 562.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.86 562.10 Td (0.1 ) Tj ET Q q 0 0 0 rg BT 531.43 562.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 550.70 Td (square ) Tj ET Q q 0 0 0 rg BT 75.49 550.70 Td (feet, ) Tj ET Q q 0 0 0 rg BT 92.82 550.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 133.38 550.70 Td (, ) Tj ET Q q 0 0 0 rg BT 137.72 550.70 Td (of ) Tj ET Q q 0 0 0 rg BT 146.38 550.70 Td (GLA. ) Tj ET Q q 0 0 0 rg BT 166.31 550.70 Td ( ) Tj ET Q q 0 0 0 rg BT 168.34 550.70 Td (The ) Tj ET Q q 0 0 0 rg BT 183.93 550.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 220.74 550.70 Td (are ) Tj ET Q q 0 0 0 rg BT 234.16 550.70 Td (located ) Tj ET Q q 0 0 0 rg BT 261.45 550.70 Td (in ) Tj ET Q q 0 0 0 rg BT 269.68 550.70 Td (geographically ) Tj ET Q q 0 0 0 rg BT 322.09 550.70 Td (diversified ) Tj ET Q q 0 0 0 rg BT 359.33 550.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 389.20 550.70 Td (in ) Tj ET Q q 0 0 0 rg BT 397.43 550.70 Td (Canada. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 533.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.51 533.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.12 533.30 Td ( ) Tj ET Q q 0 0 0 rg BT 83.71 533.30 Td (is ) Tj ET Q q 0 0 0 rg BT 90.93 533.30 Td (externally ) Tj ET Q q 0 0 0 rg BT 125.86 533.30 Td (managed ) Tj ET Q q 0 0 0 rg BT 159.94 533.30 Td (and ) Tj ET Q q 0 0 0 rg BT 174.53 533.30 Td (operated ) Tj ET Q q 0 0 0 rg BT 206.87 533.30 Td (by ) Tj ET Q q 0 0 0 rg BT 216.69 533.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 236.04 533.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 283.10 533.30 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 325.39 533.30 Td (\("SMC"\), ) Tj ET Q q 0 0 0 rg BT 357.17 533.30 Td (a ) Tj ET Q q 0 0 0 rg BT 363.09 533.30 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 399.76 533.30 Td (of ) Tj ET Q q 0 0 0 rg BT 407.84 533.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 426.88 533.30 Td (Asset ) Tj ET Q q 0 0 0 rg BT 447.96 533.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 495.02 533.30 Td (L.P) Tj ET Q q 0 0 0 rg BT 505.72 533.30 Td (., ) Tj ET Q q 0 0 0 rg BT 511.64 533.30 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 551.33 533.30 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 521.90 Td ("Slate" ) Tj ET Q q 0 0 0 rg BT 75.18 521.90 Td (or ) Tj ET Q q 0 0 0 rg BT 84.50 521.90 Td (the ) Tj ET Q q 0 0 0 rg BT 97.73 521.90 Td ("Manager"\). ) Tj ET Q q 0 0 0 rg BT 141.16 521.90 Td (Slate ) Tj ET Q q 0 0 0 rg BT 161.32 521.90 Td (has ) Tj ET Q q 0 0 0 rg BT 176.27 521.90 Td (an ) Tj ET Q q 0 0 0 rg BT 187.33 521.90 Td (experienced ) Tj ET Q q 0 0 0 rg BT 232.17 521.90 Td (and ) Tj ET Q q 0 0 0 rg BT 247.57 521.90 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 283.75 521.90 Td (team ) Tj ET Q q 0 0 0 rg BT 303.47 521.90 Td (of ) Tj ET Q q 0 0 0 rg BT 312.37 521.90 Td (real ) Tj ET Q q 0 0 0 rg BT 327.75 521.90 Td (estate ) Tj ET Q q 0 0 0 rg BT 351.37 521.90 Td (professionals ) Tj ET Q q 0 0 0 rg BT 399.67 521.90 Td (with ) Tj ET Q q 0 0 0 rg BT 415.92 521.90 Td (a ) Tj ET Q q 0 0 0 rg BT 422.65 521.90 Td (proven ) Tj ET Q q 0 0 0 rg BT 448.87 521.90 Td (track ) Tj ET Q q 0 0 0 rg BT 468.15 521.90 Td (record ) Tj ET Q q 0 0 0 rg BT 492.62 521.90 Td (of ) Tj ET Q q 0 0 0 rg BT 501.52 521.90 Td (success ) Tj ET Q q 0 0 0 rg BT 532.06 521.90 Td (in ) Tj ET Q q 0 0 0 rg BT 540.52 521.90 Td (real ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 510.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 72.40 510.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 111.75 510.50 Td (and ) Tj ET Q q 0 0 0 rg BT 126.43 510.50 Td (management. ) Tj ET Q q 0 0 0 rg BT 175.74 510.50 Td (Management) Tj ET Q q 0 0 0 rg BT 222.81 510.50 Td (s ) Tj ET Q q 0 0 0 rg BT 228.39 510.50 Td (interests ) Tj ET Q q 0 0 0 rg BT 259.51 510.50 Td (are ) Tj ET Q q 0 0 0 rg BT 272.44 510.50 Td (aligned ) Tj ET Q q 0 0 0 rg BT 299.24 510.50 Td (with ) Tj ET Q q 0 0 0 rg BT 314.77 510.50 Td (the ) Tj ET Q q 0 0 0 rg BT 327.28 510.50 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 367.06 510.50 Td (of ) Tj ET Q q 0 0 0 rg BT 375.24 510.50 Td (the ) Tj ET Q q 0 0 0 rg BT 387.75 510.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 405.36 510.50 Td ( ) Tj ET Q q 0 0 0 rg BT 407.03 510.50 Td (through ) Tj ET Q q 0 0 0 rg BT 435.13 510.50 Td (its ) Tj ET Q q 0 0 0 rg BT 444.60 510.50 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 488.28 510.50 Td (and ) Tj ET Q q 0 0 0 rg BT 502.96 510.50 Td (as ) Tj ET Q q 0 0 0 rg BT 512.86 510.50 Td (a ) Tj ET Q q 0 0 0 rg BT 518.87 510.50 Td (significant ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 499.10 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 85.70 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.18 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.99 499.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 123.87 499.10 Td (. ) Tj ET Q q 0 0 0 rg BT 128.02 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.01 499.10 Td (Slate ) Tj ET Q q 0 0 0 rg BT 149.75 499.10 Td (is ) Tj ET Q q 0 0 0 rg BT 157.35 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.17 499.10 Td (largest ) Tj ET Q q 0 0 0 rg BT 195.54 499.10 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 231.73 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.78 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.59 499.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 269.47 499.10 Td (, ) Tj ET Q q 0 0 0 rg BT 273.62 499.10 Td (with ) Tj ET Q q 0 0 0 rg BT 289.46 499.10 Td (an ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 300.10 499.10 Td (1) Tj ET Q q 0 0 0 rg BT 303.87 499.10 Td (1.2%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 321.62 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.61 499.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 351.14 499.10 Td (at ) Tj ET Q q 0 0 0 rg BT 359.62 499.10 Td (December ) Tj ET Q q 0 0 0 rg BT 397.53 499.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.35 499.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 431.83 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.81 499.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 485.64 499.10 Td (, ) Tj ET Q q 0 0 0 rg BT 489.79 499.10 Td (is ) Tj ET Q q 0 0 0 rg BT 497.40 499.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 519.74 499.10 Td (motivated ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 487.70 Td (to ) Tj ET Q q 0 0 0 rg BT 57.48 487.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 88.40 487.70 Td (the ) Tj ET Q q 0 0 0 rg BT 100.71 487.70 Td (value ) Tj ET Q q 0 0 0 rg BT 120.81 487.70 Td (of ) Tj ET Q q 0 0 0 rg BT 128.78 487.70 Td (the ) Tj ET Q q 0 0 0 rg BT 141.09 487.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 158.70 487.70 Td ( ) Tj ET Q q 0 0 0 rg BT 160.18 487.70 Td (on ) Tj ET Q q 0 0 0 rg BT 170.32 487.70 Td (a ) Tj ET Q q 0 0 0 rg BT 176.13 487.70 Td (per ) Tj ET Q q 0 0 0 rg BT 188.86 487.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 202.90 487.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 222.57 487.70 Td (and ) Tj ET Q q 0 0 0 rg BT 237.04 487.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 264.07 487.70 Td (reliable ) Tj ET Q q 0 0 0 rg BT 290.66 487.70 Td (returns ) Tj ET Q q 0 0 0 rg BT 316.38 487.70 Td (to ) Tj ET Q q 0 0 0 rg BT 324.36 487.70 Td (the ) Tj ET Q q 0 0 0 rg BT 336.67 487.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 356.00 487.70 Td (s ) Tj ET Q q 0 0 0 rg BT 361.38 487.70 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 403.13 487.70 Td (Slate ) Tj ET Q q 0 0 0 rg BT 422.37 487.70 Td (assumed ) Tj ET Q q 0 0 0 rg BT 455.46 487.70 Td (management ) Tj ET Q q 0 0 0 rg BT 502.41 487.70 Td (responsibilities ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 476.30 Td (for ) Tj ET Q q 0 0 0 rg BT 61.01 476.30 Td (the ) Tj ET Q q 0 0 0 rg BT 74.25 476.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 91.86 476.30 Td ( ) Tj ET Q q 0 0 0 rg BT 94.27 476.30 Td (in ) Tj ET Q q 0 0 0 rg BT 102.75 476.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 122.50 476.30 Td (with ) Tj ET Q q 0 0 0 rg BT 138.76 476.30 Td (the ) Tj ET Q q 0 0 0 rg BT 152.01 476.30 Td (vision ) Tj ET Q q 0 0 0 rg BT 174.34 476.30 Td (of ) Tj ET Q q 0 0 0 rg BT 183.25 476.30 Td (creating ) Tj ET Q q 0 0 0 rg BT 213.38 476.30 Td (a ) Tj ET Q q 0 0 0 rg BT 220.13 476.30 Td (pure-play ) Tj ET Q q 0 0 0 rg BT 255.02 476.30 Td (of) Tj ET Q q 0 0 0 rg BT 261.39 476.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 275.93 476.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 293.53 476.30 Td ( ) Tj ET Q q 0 0 0 rg BT 295.95 476.30 Td (focused ) Tj ET Q q 0 0 0 rg BT 325.65 476.30 Td (on ) Tj ET Q q 0 0 0 rg BT 336.73 476.30 Td ("non-core" ) Tj ET Q q 0 0 0 rg BT 375.42 476.30 Td (real ) Tj ET Q q 0 0 0 rg BT 390.82 476.30 Td (estate ) Tj ET Q q 0 0 0 rg BT 414.46 476.30 Td (assets. ) Tj ET Q q 0 0 0 rg BT 441.42 476.30 Td (This ) Tj ET Q q 0 0 0 rg BT 458.55 476.30 Td (vision ) Tj ET Q q 0 0 0 rg BT 480.88 476.30 Td (was ) Tj ET Q q 0 0 0 rg BT 497.15 476.30 Td (premised ) Tj ET Q q 0 0 0 rg BT 531.60 476.30 Td (on ) Tj ET Q q 0 0 0 rg BT 542.68 476.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 464.90 Td (belief ) Tj ET Q q 0 0 0 rg BT 71.25 464.90 Td (that ) Tj ET Q q 0 0 0 rg BT 87.38 464.90 Td (the ) Tj ET Q q 0 0 0 rg BT 101.34 464.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 137.81 464.90 Td (of) Tj ET Q q 0 0 0 rg BT 144.18 464.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 159.43 464.90 Td (market ) Tj ET Q q 0 0 0 rg BT 186.37 464.90 Td (was ) Tj ET Q q 0 0 0 rg BT 203.35 464.90 Td (changing ) Tj ET Q q 0 0 0 rg BT 238.10 464.90 Td (and ) Tj ET Q q 0 0 0 rg BT 254.23 464.90 Td (a ) Tj ET Q q 0 0 0 rg BT 261.69 464.90 Td (pure-play ) Tj ET Q q 0 0 0 rg BT 297.29 464.90 Td (of) Tj ET Q q 0 0 0 rg BT 303.65 464.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 318.91 464.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 336.52 464.90 Td ( ) Tj ET Q q 0 0 0 rg BT 339.65 464.90 Td (would ) Tj ET Q q 0 0 0 rg BT 363.12 464.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 391.80 464.90 Td (a ) Tj ET Q q 0 0 0 rg BT 399.26 464.90 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 426.64 464.90 Td (to ) Tj ET Q q 0 0 0 rg BT 436.27 464.90 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 471.88 464.90 Td (on ) Tj ET Q q 0 0 0 rg BT 483.67 464.90 Td (future ) Tj ET Q q 0 0 0 rg BT 506.72 464.90 Td (opportunities. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 453.50 Td (Throughout ) Tj ET Q q 0 0 0 rg BT 90.84 453.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 109.66 453.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 156.63 453.50 Td (of ) Tj ET Q q 0 0 0 rg BT 164.62 453.50 Td (the ) Tj ET Q q 0 0 0 rg BT 176.94 453.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 194.55 453.50 Td ( ) Tj ET Q q 0 0 0 rg BT 196.05 453.50 Td (looked ) Tj ET Q q 0 0 0 rg BT 220.50 453.50 Td (at ) Tj ET Q q 0 0 0 rg BT 228.49 453.50 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 274.59 453.50 Td (to ) Tj ET Q q 0 0 0 rg BT 282.58 453.50 Td (implement ) Tj ET Q q 0 0 0 rg BT 320.01 453.50 Td (this ) Tj ET Q q 0 0 0 rg BT 333.63 453.50 Td (strategy ) Tj ET Q q 0 0 0 rg BT 362.84 453.50 Td (in ) Tj ET Q q 0 0 0 rg BT 370.40 453.50 Td (the ) Tj ET Q q 0 0 0 rg BT 382.72 453.50 Td (United ) Tj ET Q q 0 0 0 rg BT 406.73 453.50 Td (States ) Tj ET Q q 0 0 0 rg BT 430.31 453.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 445.23 453.50 Td ("U.S."\) ) Tj ET Q q 0 0 0 rg BT 470.00 453.50 Td (as ) Tj ET Q q 0 0 0 rg BT 479.72 453.50 Td (similar ) Tj ET Q q 0 0 0 rg BT 503.71 453.50 Td (characteristics ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 57.84 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.51 442.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 105.70 442.10 Td (market ) Tj ET Q q 0 0 0 rg BT 131.35 442.10 Td (were ) Tj ET Q q 0 0 0 rg BT 150.07 442.10 Td (observed ) Tj ET Q q 0 0 0 rg BT 183.96 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.86 442.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 217.08 442.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 234.07 442.10 Td (of) Tj ET Q q 0 0 0 rg BT 240.44 442.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 254.40 442.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 286.12 442.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 329.54 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.88 442.10 Td (year ) Tj ET Q q 0 0 0 rg BT 354.88 442.10 Td (end, ) Tj ET Q q 0 0 0 rg BT 371.88 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.55 442.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 402.16 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.00 442.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 435.72 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.90 442.10 Td (379,903 ) Tj ET Q q 0 0 0 rg BT 471.90 442.10 Td (square ) Tj ET Q q 0 0 0 rg BT 497.56 442.10 Td (foot ) Tj ET Q q 0 0 0 rg BT 512.40 442.10 Td (of) Tj ET Q q 0 0 0 rg BT 518.76 442.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 532.73 442.10 Td (space ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 430.70 Td (in ) Tj ET Q q 0 0 0 rg BT 57.73 430.70 Td (downtown ) Tj ET Q q 0 0 0 rg BT 94.97 430.70 Td (Chicago, ) Tj ET Q q 0 0 0 rg BT 127.88 430.70 Td (Illinois.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 411.30 Td (Additional ) Tj ET Q q 0 0 0 rg BT 86.07 411.30 Td (information ) Tj ET Q q 0 0 0 rg BT 126.97 411.30 Td (on ) Tj ET Q q 0 0 0 rg BT 137.99 411.30 Td (the ) Tj ET Q q 0 0 0 rg BT 151.18 411.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 168.06 411.30 Td (, ) Tj ET Q q 0 0 0 rg BT 172.58 411.30 Td (including ) Tj ET Q q 0 0 0 rg BT 205.69 411.30 Td (its ) Tj ET Q q 0 0 0 rg BT 215.38 411.30 Td (Annual ) Tj ET Q q 0 0 0 rg BT 241.99 411.30 Td (Information ) Tj ET Q q 0 0 0 rg BT 283.32 411.30 Td (Form, ) Tj ET Q q 0 0 0 rg BT 306.02 411.30 Td (is ) Tj ET Q q 0 0 0 rg BT 314.00 411.30 Td (available ) Tj ET Q q 0 0 0 rg BT 347.11 411.30 Td (on ) Tj ET Q q 0 0 0 rg BT 358.13 411.30 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 387.32 411.30 Td (at ) Tj ET Q q 0 0 0 rg BT 396.18 411.30 Td (www) Tj ET Q q 0 0 0 rg BT 412.62 411.30 Td (.sedar) Tj ET Q q 0 0 0 rg BT 433.84 411.30 Td (.com ) Tj ET Q q 0 0 0 rg BT 453.09 411.30 Td (and ) Tj ET Q q 0 0 0 rg BT 468.44 411.30 Td (on ) Tj ET Q q 0 0 0 rg BT 479.46 411.30 Td (the ) Tj ET Q q 0 0 0 rg BT 492.65 411.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 511.99 411.30 Td (s ) Tj ET Q q 0 0 0 rg BT 518.24 411.30 Td (website ) Tj ET Q q 0 0 0 rg BT 547.01 411.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 399.90 Td (www) Tj ET Q q 0 0 0 rg BT 65.94 399.90 Td (.slateof) Tj ET Q q 0 0 0 rg BT 90.93 399.90 Td (ficereit.com. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 380.50 Td (NON-IFRS MEASURES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 363.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.72 363.10 Td (e ) Tj ET Q q 0 0 0 rg BT 63.25 363.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 93.59 363.10 Td (a ) Tj ET Q q 0 0 0 rg BT 100.12 363.10 Td (number ) Tj ET Q q 0 0 0 rg BT 128.73 363.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.42 363.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.21 363.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 204.61 363.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.87 363.10 Td (this ) Tj ET Q q 0 0 0 rg BT 227.19 363.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 249.26 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.46 363.10 Td (that ) Tj ET Q q 0 0 0 rg BT 266.66 363.10 Td (are ) Tj ET Q q 0 0 0 rg BT 280.11 363.10 Td (not ) Tj ET Q q 0 0 0 rg BT 293.14 363.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 329.54 363.10 Td (used ) Tj ET Q q 0 0 0 rg BT 348.63 363.10 Td (under ) Tj ET Q q 0 0 0 rg BT 370.75 363.10 Td (International ) Tj ET Q q 0 0 0 rg BT 415.83 363.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 449.20 363.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 485.17 363.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 522.88 363.10 Td (\("IFRS"\), ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 351.70 Td (including ) Tj ET Q q 0 0 0 rg BT 83.52 351.70 Td (net ) Tj ET Q q 0 0 0 rg BT 97.61 351.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 133.37 351.70 Td (income, ) Tj ET Q q 0 0 0 rg BT 163.91 351.70 Td (same ) Tj ET Q q 0 0 0 rg BT 186.23 351.70 Td (property ) Tj ET Q q 0 0 0 rg BT 218.08 351.70 Td (net ) Tj ET Q q 0 0 0 rg BT 232.17 351.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 267.92 351.70 Td (income, ) Tj ET Q q 0 0 0 rg BT 298.47 351.70 Td (funds ) Tj ET Q q 0 0 0 rg BT 320.80 351.70 Td (from ) Tj ET Q q 0 0 0 rg BT 339.65 351.70 Td (operations, ) Tj ET Q q 0 0 0 rg BT 381.46 351.70 Td (core ) Tj ET Q q 0 0 0 rg BT 399.88 351.70 Td (funds ) Tj ET Q q 0 0 0 rg BT 422.21 351.70 Td (from ) Tj ET Q q 0 0 0 rg BT 441.06 351.70 Td (operations, ) Tj ET Q q 0 0 0 rg BT 482.87 351.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 515.59 351.70 Td (funds ) Tj ET Q q 0 0 0 rg BT 537.92 351.70 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 340.30 Td (operations, ) Tj ET Q q 0 0 0 rg BT 89.52 340.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 120.44 340.30 Td (funds ) Tj ET Q q 0 0 0 rg BT 140.97 340.30 Td (from ) Tj ET Q q 0 0 0 rg BT 158.02 340.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 195.87 340.30 Td (pay-out ) Tj ET Q q 0 0 0 rg BT 223.32 340.30 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 242.11 340.30 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 261.32 340.30 Td (net ) Tj ET Q q 0 0 0 rg BT 273.62 340.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 293.71 340.30 Td (value, ) Tj ET Q q 0 0 0 rg BT 315.97 340.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 346.89 340.30 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 378.66 340.30 Td (net ) Tj ET Q q 0 0 0 rg BT 390.96 340.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 407.59 340.30 Td (to ) Tj ET Q q 0 0 0 rg BT 415.55 340.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 446.48 340.30 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 474.19 340.30 Td ( ) Tj ET Q q 0 0 0 rg BT 475.65 340.30 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 494.44 340.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 521.46 340.30 Td (coverage ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 328.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 66.54 328.90 Td (and ) Tj ET Q q 0 0 0 rg BT 81.42 328.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 98.47 328.90 Td (service ) Tj ET Q q 0 0 0 rg BT 125.03 328.90 Td (coverage ) Tj ET Q q 0 0 0 rg BT 158.97 328.90 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 178.17 328.90 Td (in ) Tj ET Q q 0 0 0 rg BT 186.12 328.90 Td (addition ) Tj ET Q q 0 0 0 rg BT 215.29 328.90 Td (to ) Tj ET Q q 0 0 0 rg BT 223.68 328.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 248.94 328.90 Td (of ) Tj ET Q q 0 0 0 rg BT 257.33 328.90 Td (these ) Tj ET Q q 0 0 0 rg BT 278.27 328.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 314.36 328.90 Td (on ) Tj ET Q q 0 0 0 rg BT 324.91 328.90 Td (a ) Tj ET Q q 0 0 0 rg BT 331.13 328.90 Td (per ) Tj ET Q q 0 0 0 rg BT 344.27 328.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 358.72 328.90 Td (basis. ) Tj ET Q q 0 0 0 rg BT 380.96 328.90 Td (W) Tj ET Q q 0 0 0 rg BT 388.18 328.90 Td (e ) Tj ET Q q 0 0 0 rg BT 394.39 328.90 Td (utilize ) Tj ET Q q 0 0 0 rg BT 416.20 328.90 Td (these ) Tj ET Q q 0 0 0 rg BT 437.14 328.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 473.23 328.90 Td (for ) Tj ET Q q 0 0 0 rg BT 484.21 328.90 Td (a ) Tj ET Q q 0 0 0 rg BT 490.42 328.90 Td (variety ) Tj ET Q q 0 0 0 rg BT 515.26 328.90 Td (of ) Tj ET Q q 0 0 0 rg BT 523.64 328.90 Td (reasons, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 317.50 Td (including ) Tj ET Q q 0 0 0 rg BT 81.45 317.50 Td (measuring ) Tj ET Q q 0 0 0 rg BT 119.02 317.50 Td (performance, ) Tj ET Q q 0 0 0 rg BT 166.12 317.50 Td (managing ) Tj ET Q q 0 0 0 rg BT 201.54 317.50 Td (the ) Tj ET Q q 0 0 0 rg BT 213.57 317.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 247.69 317.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 271.41 317.50 Td (allocation ) Tj ET Q q 0 0 0 rg BT 305.52 317.50 Td (and ) Tj ET Q q 0 0 0 rg BT 319.72 317.50 Td (the ) Tj ET Q q 0 0 0 rg BT 331.75 317.50 Td (assessment ) Tj ET Q q 0 0 0 rg BT 374.52 317.50 Td (of ) Tj ET Q q 0 0 0 rg BT 382.22 317.50 Td (risk. ) Tj ET Q q 0 0 0 rg BT 397.71 317.50 Td (Descriptions ) Tj ET Q q 0 0 0 rg BT 441.77 317.50 Td (of ) Tj ET Q q 0 0 0 rg BT 449.47 317.50 Td (why ) Tj ET Q q 0 0 0 rg BT 464.52 317.50 Td (these ) Tj ET Q q 0 0 0 rg BT 484.78 317.50 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 519.31 317.50 Td (measures ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 306.10 Td (are ) Tj ET Q q 0 0 0 rg BT 62.51 306.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 85.06 306.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.32 306.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 126.25 306.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.00 306.10 Td (how ) Tj ET Q q 0 0 0 rg BT 157.05 306.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 204.27 306.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 222.49 306.10 Td (each ) Tj ET Q q 0 0 0 rg BT 241.14 306.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 273.20 306.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.22 306.10 Td (included ) Tj ET Q q 0 0 0 rg BT 316.99 306.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.81 306.10 Td (this ) Tj ET Q q 0 0 0 rg BT 338.69 306.10 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 365.12 306.10 Td (W) Tj ET Q q 0 0 0 rg BT 372.34 306.10 Td (e ) Tj ET Q q 0 0 0 rg BT 378.43 306.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 404.87 306.10 Td (that ) Tj ET Q q 0 0 0 rg BT 419.62 306.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 452.99 306.10 Td (these ) Tj ET Q q 0 0 0 rg BT 473.81 306.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 519.30 306.10 Td (measures ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 294.70 Td (on ) Tj ET Q q 0 0 0 rg BT 61.05 294.70 Td (a ) Tj ET Q q 0 0 0 rg BT 68.27 294.70 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 117.49 294.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 138.57 294.70 Td (to ) Tj ET Q q 0 0 0 rg BT 147.95 294.70 Td (our ) Tj ET Q q 0 0 0 rg BT 162.09 294.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 182.72 294.70 Td (results ) Tj ET Q q 0 0 0 rg BT 208.55 294.70 Td (is ) Tj ET Q q 0 0 0 rg BT 217.07 294.70 Td (helpful ) Tj ET Q q 0 0 0 rg BT 242.91 294.70 Td (to ) Tj ET Q q 0 0 0 rg BT 252.29 294.70 Td (investors ) Tj ET Q q 0 0 0 rg BT 286.35 294.70 Td (in ) Tj ET Q q 0 0 0 rg BT 295.30 294.70 Td (assessing ) Tj ET Q q 0 0 0 rg BT 332.83 294.70 Td (the ) Tj ET Q q 0 0 0 rg BT 346.55 294.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 372.38 294.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 419.00 294.70 Td (of ) Tj ET Q q 0 0 0 rg BT 428.39 294.70 Td (our ) Tj ET Q q 0 0 0 rg BT 442.53 294.70 Td (business ) Tj ET Q q 0 0 0 rg BT 476.16 294.70 Td (in ) Tj ET Q q 0 0 0 rg BT 485.11 294.70 Td (a ) Tj ET Q q 0 0 0 rg BT 492.33 294.70 Td (manner ) Tj ET Q q 0 0 0 rg BT 521.63 294.70 Td (similar ) Tj ET Q q 0 0 0 rg BT 547.01 294.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 283.30 Td (Management. ) Tj ET Q q 0 0 0 rg BT 98.92 283.30 Td (These ) Tj ET Q q 0 0 0 rg BT 122.46 283.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.94 283.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 189.04 283.30 Td (should ) Tj ET Q q 0 0 0 rg BT 213.90 283.30 Td (not ) Tj ET Q q 0 0 0 rg BT 226.62 283.30 Td (be ) Tj ET Q q 0 0 0 rg BT 237.18 283.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 277.19 283.30 Td (as ) Tj ET Q q 0 0 0 rg BT 287.31 283.30 Td (a ) Tj ET Q q 0 0 0 rg BT 293.54 283.30 Td (substitute ) Tj ET Q q 0 0 0 rg BT 328.79 283.30 Td (for ) Tj ET Q q 0 0 0 rg BT 339.77 283.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 364.17 283.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 394.65 283.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 430.75 283.30 Td (calculated ) Tj ET Q q 0 0 0 rg BT 467.73 283.30 Td (in ) Tj ET Q q 0 0 0 rg BT 475.69 283.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 517.86 283.30 Td (with ) Tj ET Q q 0 0 0 rg BT 533.60 283.30 Td (IFRS. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 271.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.72 271.90 Td (e ) Tj ET Q q 0 0 0 rg BT 62.95 271.90 Td (caution ) Tj ET Q q 0 0 0 rg BT 89.97 271.90 Td (readers ) Tj ET Q q 0 0 0 rg BT 118.28 271.90 Td (that ) Tj ET Q q 0 0 0 rg BT 133.18 271.90 Td (these ) Tj ET Q q 0 0 0 rg BT 154.14 271.90 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 189.37 271.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 219.86 271.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 255.96 271.90 Td (may ) Tj ET Q q 0 0 0 rg BT 272.58 271.90 Td (dif) Tj ET Q q 0 0 0 rg BT 280.67 271.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 291.67 271.90 Td (from ) Tj ET Q q 0 0 0 rg BT 309.15 271.90 Td (the ) Tj ET Q q 0 0 0 rg BT 321.88 271.90 Td (calculations ) Tj ET Q q 0 0 0 rg BT 364.49 271.90 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 398.86 271.90 Td (by ) Tj ET Q q 0 0 0 rg BT 408.99 271.90 Td (other ) Tj ET Q q 0 0 0 rg BT 428.65 271.90 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 471.69 271.90 Td (and ) Tj ET Q q 0 0 0 rg BT 486.59 271.90 Td (as ) Tj ET Q q 0 0 0 rg BT 496.72 271.90 Td (a ) Tj ET Q q 0 0 0 rg BT 502.95 271.90 Td (result, ) Tj ET Q q 0 0 0 rg BT 526.07 271.90 Td (may ) Tj ET Q q 0 0 0 rg BT 542.68 271.90 Td (not ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 260.50 Td (be ) Tj ET Q q 0 0 0 rg BT 61.00 260.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 104.54 260.50 Td (to ) Tj ET Q q 0 0 0 rg BT 113.88 260.50 Td (similar ) Tj ET Q q 0 0 0 rg BT 139.22 260.50 Td (measures ) Tj ET Q q 0 0 0 rg BT 176.26 260.50 Td (presented ) Tj ET Q q 0 0 0 rg BT 213.75 260.50 Td (by ) Tj ET Q q 0 0 0 rg BT 224.81 260.50 Td (others. ) Tj ET Q q 0 0 0 rg BT 251.47 260.50 Td (Reconciliations ) Tj ET Q q 0 0 0 rg BT 306.70 260.50 Td (of ) Tj ET Q q 0 0 0 rg BT 316.03 260.50 Td (these ) Tj ET Q q 0 0 0 rg BT 337.93 260.50 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 374.10 260.50 Td (measures ) Tj ET Q q 0 0 0 rg BT 411.14 260.50 Td (to ) Tj ET Q q 0 0 0 rg BT 420.48 260.50 Td (the ) Tj ET Q q 0 0 0 rg BT 434.14 260.50 Td (most ) Tj ET Q q 0 0 0 rg BT 453.86 260.50 Td (directly ) Tj ET Q q 0 0 0 rg BT 481.38 260.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 524.92 260.50 Td (financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 249.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 85.87 249.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 123.12 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.29 249.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 175.10 249.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.33 249.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 225.78 249.10 Td (with ) Tj ET Q q 0 0 0 rg BT 241.80 249.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 261.71 249.10 Td (are ) Tj ET Q q 0 0 0 rg BT 275.13 249.10 Td (included ) Tj ET Q q 0 0 0 rg BT 306.32 249.10 Td (within ) Tj ET Q q 0 0 0 rg BT 328.40 249.10 Td (this ) Tj ET Q q 0 0 0 rg BT 342.69 249.10 Td (MD&A.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 231.70 Td (STRA) Tj ET Q q 0 0 0 rg BT 70.13 231.70 Td (TEGY) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 214.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.39 214.30 Td (strategy ) Tj ET Q q 0 0 0 rg BT 94.01 214.30 Td (is ) Tj ET Q q 0 0 0 rg BT 101.54 214.30 Td (to ) Tj ET Q q 0 0 0 rg BT 109.94 214.30 Td (own ) Tj ET Q q 0 0 0 rg BT 126.13 214.30 Td (an ) Tj ET Q q 0 0 0 rg BT 136.69 214.30 Td (institutional ) Tj ET Q q 0 0 0 rg BT 177.58 214.30 Td (quality ) Tj ET Q q 0 0 0 rg BT 202.00 214.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 231.62 214.30 Td (of ) Tj ET Q q 0 0 0 rg BT 240.02 214.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 264.44 214.30 Td (in ) Tj ET Q q 0 0 0 rg BT 272.41 214.30 Td (major ) Tj ET Q q 0 0 0 rg BT 293.79 214.30 Td (of) Tj ET Q q 0 0 0 rg BT 300.15 214.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 314.18 214.30 Td (markets, ) Tj ET Q q 0 0 0 rg BT 345.96 214.30 Td (where ) Tj ET Q q 0 0 0 rg BT 369.07 214.30 Td (millions ) Tj ET Q q 0 0 0 rg BT 396.95 214.30 Td (of ) Tj ET Q q 0 0 0 rg BT 405.35 214.30 Td (people ) Tj ET Q q 0 0 0 rg BT 430.64 214.30 Td (come ) Tj ET Q q 0 0 0 rg BT 451.60 214.30 Td (to ) Tj ET Q q 0 0 0 rg BT 460.00 214.30 Td (work ) Tj ET Q q 0 0 0 rg BT 478.34 214.30 Td (every ) Tj ET Q q 0 0 0 rg BT 499.30 214.30 Td (day) Tj ET Q q 0 0 0 rg BT 511.29 214.30 Td (. ) Tj ET Q q 0 0 0 rg BT 515.35 214.30 Td (W) Tj ET Q q 0 0 0 rg BT 522.57 214.30 Td (e ) Tj ET Q q 0 0 0 rg BT 528.81 214.30 Td (believe ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 202.90 Td (that ) Tj ET Q q 0 0 0 rg BT 64.05 202.90 Td (in ) Tj ET Q q 0 0 0 rg BT 71.66 202.90 Td (seeking ) Tj ET Q q 0 0 0 rg BT 100.06 202.90 Td (out ) Tj ET Q q 0 0 0 rg BT 112.44 202.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 136.51 202.90 Td (that ) Tj ET Q q 0 0 0 rg BT 151.06 202.90 Td (can ) Tj ET Q q 0 0 0 rg BT 165.17 202.90 Td (be ) Tj ET Q q 0 0 0 rg BT 175.38 202.90 Td (purchased ) Tj ET Q q 0 0 0 rg BT 213.31 202.90 Td (at ) Tj ET Q q 0 0 0 rg BT 221.36 202.90 Td (a ) Tj ET Q q 0 0 0 rg BT 227.24 202.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 263.44 202.90 Td (discount ) Tj ET Q q 0 0 0 rg BT 294.01 202.90 Td (to ) Tj ET Q q 0 0 0 rg BT 302.05 202.90 Td (peak ) Tj ET Q q 0 0 0 rg BT 320.50 202.90 Td (and ) Tj ET Q q 0 0 0 rg BT 335.04 202.90 Td (replacement ) Tj ET Q q 0 0 0 rg BT 379.46 202.90 Td (value ) Tj ET Q q 0 0 0 rg BT 399.64 202.90 Td (while ) Tj ET Q q 0 0 0 rg BT 418.93 202.90 Td (retaining ) Tj ET Q q 0 0 0 rg BT 450.37 202.90 Td (stable ) Tj ET Q q 0 0 0 rg BT 472.71 202.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 506.74 202.90 Td (fundamentals ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 191.50 Td (allow ) Tj ET Q q 0 0 0 rg BT 68.47 191.50 Td (the ) Tj ET Q q 0 0 0 rg BT 80.52 191.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 111.20 191.50 Td (for ) Tj ET Q q 0 0 0 rg BT 121.52 191.50 Td (superior ) Tj ET Q q 0 0 0 rg BT 150.89 191.50 Td (risk-adjusted ) Tj ET Q q 0 0 0 rg BT 196.27 191.50 Td (returns. ) Tj ET Q q 0 0 0 rg BT 223.91 191.50 Td (W) Tj ET Q q 0 0 0 rg BT 231.13 191.50 Td (e ) Tj ET Q q 0 0 0 rg BT 236.68 191.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 262.59 191.50 Td (that ) Tj ET Q q 0 0 0 rg BT 276.81 191.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 326.54 191.50 Td (two-thirds ) Tj ET Q q 0 0 0 rg BT 361.52 191.50 Td (of ) Tj ET Q q 0 0 0 rg BT 369.25 191.50 Td (of) Tj ET Q q 0 0 0 rg BT 375.61 191.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 388.96 191.50 Td (inventory ) Tj ET Q q 0 0 0 rg BT 421.79 191.50 Td (is ) Tj ET Q q 0 0 0 rg BT 428.64 191.50 Td (often ) Tj ET Q q 0 0 0 rg BT 447.20 191.50 Td (overlooked ) Tj ET Q q 0 0 0 rg BT 486.53 191.50 Td (by ) Tj ET Q q 0 0 0 rg BT 495.98 191.50 Td (large ) Tj ET Q q 0 0 0 rg BT 514.53 191.50 Td (institutional ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 82.49 180.10 Td (for ) Tj ET Q q 0 0 0 rg BT 93.40 180.10 Td (various ) Tj ET Q q 0 0 0 rg BT 120.32 180.10 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 151.91 180.10 Td (The ) Tj ET Q q 0 0 0 rg BT 167.14 180.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 186.48 180.10 Td (s ) Tj ET Q q 0 0 0 rg BT 192.19 180.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 221.72 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.03 180.10 Td (of) Tj ET Q q 0 0 0 rg BT 236.40 180.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 250.34 180.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 286.79 180.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 318.05 180.10 Td (diversification, ) Tj ET Q q 0 0 0 rg BT 369.23 180.10 Td (an ) Tj ET Q q 0 0 0 rg BT 379.71 180.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 401.44 180.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.75 180.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 442.32 180.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 460.59 180.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 476.26 180.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.57 180.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 511.93 180.10 Td (distributions ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 168.70 Td (to ) Tj ET Q q 0 0 0 rg BT 58.17 168.70 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 100.61 168.70 Td (while ) Tj ET Q q 0 0 0 rg BT 120.53 168.70 Td (also ) Tj ET Q q 0 0 0 rg BT 136.98 168.70 Td (providing ) Tj ET Q q 0 0 0 rg BT 170.76 168.70 Td (the ) Tj ET Q q 0 0 0 rg BT 183.76 168.70 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 224.48 168.70 Td (to ) Tj ET Q q 0 0 0 rg BT 233.14 168.70 Td (grow ) Tj ET Q q 0 0 0 rg BT 252.19 168.70 Td (net ) Tj ET Q q 0 0 0 rg BT 265.19 168.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 285.98 168.70 Td (value ) Tj ET Q q 0 0 0 rg BT 306.77 168.70 Td (on ) Tj ET Q q 0 0 0 rg BT 317.60 168.70 Td (a ) Tj ET Q q 0 0 0 rg BT 324.10 168.70 Td (per ) Tj ET Q q 0 0 0 rg BT 337.52 168.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 352.25 168.70 Td (basis. ) Tj ET Q q 0 0 0 rg BT 374.77 168.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 151.30 Td (Recently ) Tj ET Q q 0 0 0 rg BT 82.40 151.30 Td (we ) Tj ET Q q 0 0 0 rg BT 94.95 151.30 Td (have ) Tj ET Q q 0 0 0 rg BT 114.44 151.30 Td (taken ) Tj ET Q q 0 0 0 rg BT 136.09 151.30 Td (note ) Tj ET Q q 0 0 0 rg BT 153.85 151.30 Td (that ) Tj ET Q q 0 0 0 rg BT 169.44 151.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 194.54 151.30 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 246.93 151.30 Td (exist ) Tj ET Q q 0 0 0 rg BT 265.54 151.30 Td (in ) Tj ET Q q 0 0 0 rg BT 274.20 151.30 Td (numerous ) Tj ET Q q 0 0 0 rg BT 311.44 151.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 341.74 151.30 Td (throughout ) Tj ET Q q 0 0 0 rg BT 381.58 151.30 Td (the ) Tj ET Q q 0 0 0 rg BT 395.01 151.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 412.75 151.30 Td (and ) Tj ET Q q 0 0 0 rg BT 428.35 151.30 Td (have ) Tj ET Q q 0 0 0 rg BT 447.83 151.30 Td (developed ) Tj ET Q q 0 0 0 rg BT 486.38 151.30 Td (a ) Tj ET Q q 0 0 0 rg BT 493.31 151.30 Td (robust ) Tj ET Q q 0 0 0 rg BT 517.56 151.30 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 547.00 151.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 139.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 74.17 139.90 Td (that ) Tj ET Q q 0 0 0 rg BT 89.32 139.90 Td (meet ) Tj ET Q q 0 0 0 rg BT 108.80 139.90 Td (our ) Tj ET Q q 0 0 0 rg BT 122.21 139.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 162.04 139.90 Td (criteria. ) Tj ET Q q 0 0 0 rg BT 189.73 139.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 237.36 139.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 268.10 139.90 Td (the ) Tj ET Q q 0 0 0 rg BT 281.08 139.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 306.37 139.90 Td (strategy ) Tj ET Q q 0 0 0 rg BT 336.24 139.90 Td (is ) Tj ET Q q 0 0 0 rg BT 344.02 139.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 381.25 139.90 Td (in ) Tj ET Q q 0 0 0 rg BT 389.47 139.90 Td (the ) Tj ET Q q 0 0 0 rg BT 402.45 139.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 419.76 139.90 Td (and ) Tj ET Q q 0 0 0 rg BT 434.91 139.90 Td (will ) Tj ET Q q 0 0 0 rg BT 447.87 139.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 479.48 139.90 Td (to ) Tj ET Q q 0 0 0 rg BT 488.13 139.90 Td (look ) Tj ET Q q 0 0 0 rg BT 504.58 139.90 Td (to ) Tj ET Q q 0 0 0 rg BT 513.23 139.90 Td (expand ) Tj ET Q q 0 0 0 rg BT 540.94 139.90 Td (into ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 128.50 Td (scalable ) Tj ET Q q 0 0 0 rg BT 80.25 128.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 110.12 128.50 Td (while ) Tj ET Q q 0 0 0 rg BT 130.04 128.50 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 172.05 128.50 Td (an ) Tj ET Q q 0 0 0 rg BT 182.88 128.50 Td (active ) Tj ET Q q 0 0 0 rg BT 205.40 128.50 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 234.42 128.50 Td (in ) Tj ET Q q 0 0 0 rg BT 242.65 128.50 Td (Canada. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 111.10 Td (While ) Tj ET Q q 0 0 0 rg BT 70.76 111.10 Td (our ) Tj ET Q q 0 0 0 rg BT 83.80 111.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 111.54 111.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 131.95 111.10 Td (are ) Tj ET Q q 0 0 0 rg BT 144.98 111.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.26 111.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 171.92 111.10 Td (net ) Tj ET Q q 0 0 0 rg BT 184.53 111.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 204.94 111.10 Td (value ) Tj ET Q q 0 0 0 rg BT 225.34 111.10 Td (on ) Tj ET Q q 0 0 0 rg BT 235.79 111.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.90 111.10 Td (per ) Tj ET Q q 0 0 0 rg BT 254.93 111.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 269.28 111.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 289.24 111.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.02 111.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 331.35 111.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 374.70 111.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.98 111.10 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 425.04 111.10 Td (we ) Tj ET Q q 0 0 0 rg BT 436.77 111.10 Td (are ) Tj ET Q q 0 0 0 rg BT 449.81 111.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 478.88 111.10 Td (on ) Tj ET Q q 0 0 0 rg BT 489.32 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.93 111.10 Td (following ) Tj ET Q q 0 0 0 rg BT 534.02 111.10 Td (areas ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 99.70 Td (to ) Tj ET Q q 0 0 0 rg BT 58.17 99.70 Td (achieve ) Tj ET Q q 0 0 0 rg BT 87.19 99.70 Td (the ) Tj ET Q q 0 0 0 rg BT 100.18 99.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 119.52 99.70 Td (s ) Tj ET Q q 0 0 0 rg BT 125.59 99.70 Td (objectives ) Tj ET Q q 0 0 0 rg BT 162.40 99.70 Td (through ) Tj ET Q q 0 0 0 rg BT 190.99 99.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 210.48 99.70 Td (and ) Tj ET Q q 0 0 0 rg BT 225.65 99.70 Td (2019:) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 82.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 82.30 Td (Proactive ) Tj ET Q q 0 0 0 rg BT 102.14 82.30 Td (property ) Tj ET Q q 0 0 0 rg BT 132.89 82.30 Td (and ) Tj ET Q q 0 0 0 rg BT 148.05 82.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 168.84 82.30 Td (management ) Tj ET Q q 0 0 0 rg BT 216.48 82.30 Td (that ) Tj ET Q q 0 0 0 rg BT 231.65 82.30 Td (results ) Tj ET Q q 0 0 0 rg BT 256.76 82.30 Td (in ) Tj ET Q q 0 0 0 rg BT 264.99 82.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 281.01 82.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 306.56 82.30 Td (while ) Tj ET Q q 0 0 0 rg BT 326.47 82.30 Td (minimizing ) Tj ET Q q 0 0 0 rg BT 365.43 82.30 Td (property ) Tj ET Q q 0 0 0 rg BT 396.18 82.30 Td (and ) Tj ET Q q 0 0 0 rg BT 411.34 82.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 441.23 82.30 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 471.98 82.30 Td (exposure;) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 59.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 59.50 Td (Prudent ) Tj ET Q q 0 0 0 rg BT 97.28 59.50 Td (and ) Tj ET Q q 0 0 0 rg BT 112.77 59.50 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 151.65 59.50 Td (management ) Tj ET Q q 0 0 0 rg BT 199.62 59.50 Td (of ) Tj ET Q q 0 0 0 rg BT 208.61 59.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 233.63 59.50 Td (outlays ) Tj ET Q q 0 0 0 rg BT 260.81 59.50 Td (that ) Tj ET Q q 0 0 0 rg BT 276.30 59.50 Td (will ) Tj ET Q q 0 0 0 rg BT 289.61 59.50 Td (maintain ) Tj ET Q q 0 0 0 rg BT 321.56 59.50 Td (and ) Tj ET Q q 0 0 0 rg BT 337.05 59.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 368.99 59.50 Td (the ) Tj ET Q q 0 0 0 rg BT 382.32 59.50 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 432.89 59.50 Td (of ) Tj ET Q q 0 0 0 rg BT 441.88 59.50 Td (the ) Tj ET Q q 0 0 0 rg BT 455.21 59.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 474.55 59.50 Td (s ) Tj ET Q q 0 0 0 rg BT 480.94 59.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 511.15 59.50 Td (and ) Tj ET Q q 0 0 0 rg BT 526.65 59.50 Td (achieve ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 48.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 103.45 48.10 Td (rents; ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 31.95 Td (Page 4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 730.70 Td (Continue ) Tj ET Q q 0 0 0 rg BT 100.85 730.70 Td (to ) Tj ET Q q 0 0 0 rg BT 109.51 730.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 141.13 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 154.13 730.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 173.46 730.70 Td (s ) Tj ET Q q 0 0 0 rg BT 179.53 730.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 210.28 730.70 Td (strength ) Tj ET Q q 0 0 0 rg BT 240.60 730.70 Td (and ) Tj ET Q q 0 0 0 rg BT 255.76 730.70 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 287.37 730.70 Td (through ) Tj ET Q q 0 0 0 rg BT 315.96 730.70 Td (robust ) Tj ET Q q 0 0 0 rg BT 339.78 730.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 369.24 730.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 390.46 730.70 Td (management;) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 707.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 707.90 Td (Maintain ) Tj ET Q q 0 0 0 rg BT 99.49 707.90 Td (a ) Tj ET Q q 0 0 0 rg BT 106.37 707.90 Td (conservative ) Tj ET Q q 0 0 0 rg BT 152.15 707.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 175.48 707.90 Td (pay-out ) Tj ET Q q 0 0 0 rg BT 204.01 707.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 221.71 707.90 Td (taking ) Tj ET Q q 0 0 0 rg BT 245.04 707.90 Td (into ) Tj ET Q q 0 0 0 rg BT 260.15 707.90 Td (account ) Tj ET Q q 0 0 0 rg BT 289.99 707.90 Td (the ) Tj ET Q q 0 0 0 rg BT 303.36 707.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 329.04 707.90 Td (other ) Tj ET Q q 0 0 0 rg BT 349.35 707.90 Td (available ) Tj ET Q q 0 0 0 rg BT 382.64 707.90 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 429.80 707.90 Td (and ) Tj ET Q q 0 0 0 rg BT 445.34 707.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 470.41 707.90 Td (allocation ) Tj ET Q q 0 0 0 rg BT 505.87 707.90 Td (requirements; ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 696.50 Td (and) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 673.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 673.70 Td (Continue ) Tj ET Q q 0 0 0 rg BT 100.98 673.70 Td (to ) Tj ET Q q 0 0 0 rg BT 109.78 673.70 Td (selectively ) Tj ET Q q 0 0 0 rg BT 148.02 673.70 Td (dispose ) Tj ET Q q 0 0 0 rg BT 177.17 673.70 Td (of ) Tj ET Q q 0 0 0 rg BT 185.96 673.70 Td (non-strategic ) Tj ET Q q 0 0 0 rg BT 233.30 673.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 258.12 673.70 Td (and ) Tj ET Q q 0 0 0 rg BT 273.41 673.70 Td (recycle ) Tj ET Q q 0 0 0 rg BT 300.39 673.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.21 673.70 Td (to ) Tj ET Q q 0 0 0 rg BT 334.01 673.70 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 381.34 673.70 Td (manage ) Tj ET Q q 0 0 0 rg BT 411.79 673.70 Td (leverage ) Tj ET Q q 0 0 0 rg BT 443.97 673.70 Td (and ) Tj ET Q q 0 0 0 rg BT 459.27 673.70 Td (acquire ) Tj ET Q q 0 0 0 rg BT 487.12 673.70 Td (of) Tj ET Q q 0 0 0 rg BT 493.48 673.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 507.90 673.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 544.85 673.70 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 662.30 Td (an ) Tj ET Q q 0 0 0 rg BT 78.33 662.30 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 124.67 662.30 Td (basis.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 644.90 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 78.93 644.90 Td (we ) Tj ET Q q 0 0 0 rg BT 91.46 644.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 118.73 644.90 Td (that ) Tj ET Q q 0 0 0 rg BT 134.31 644.90 Td (the ) Tj ET Q q 0 0 0 rg BT 147.72 644.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 165.33 644.90 Td ( ) Tj ET Q q 0 0 0 rg BT 167.91 644.90 Td (has ) Tj ET Q q 0 0 0 rg BT 183.05 644.90 Td (positioned ) Tj ET Q q 0 0 0 rg BT 221.15 644.90 Td (its ) Tj ET Q q 0 0 0 rg BT 231.53 644.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 261.83 644.90 Td (and ) Tj ET Q q 0 0 0 rg BT 277.41 644.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 302.51 644.90 Td (structure ) Tj ET Q q 0 0 0 rg BT 335.40 644.90 Td (to ) Tj ET Q q 0 0 0 rg BT 344.48 644.90 Td (grow ) Tj ET Q q 0 0 0 rg BT 363.94 644.90 Td (in ) Tj ET Q q 0 0 0 rg BT 372.59 644.90 Td (the ) Tj ET Q q 0 0 0 rg BT 386.00 644.90 Td (current ) Tj ET Q q 0 0 0 rg BT 412.83 644.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 448.75 644.90 Td (environment ) Tj ET Q q 0 0 0 rg BT 494.20 644.90 Td (and ) Tj ET Q q 0 0 0 rg BT 509.78 644.90 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 544.84 644.90 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 632.90 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 96.28 632.90 Td (in ) Tj ET Q q 0 0 0 rg BT 104.51 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 117.51 632.90 Td (future. ) Tj ET Q q 0 0 0 rg BT 141.76 632.90 Td ( ) Tj ET Q q 0 0 0 rg BT 143.93 632.90 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 146.10 632.90 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 615.50 Td (T) Tj ET Q q 0 0 0 rg BT 54.13 615.50 Td (OT) Tj ET Q q 0 0 0 rg BT 64.38 615.50 Td (AL) Tj ET Q q 0 0 0 rg BT 74.62 615.50 Td ( ) Tj ET Q q 0 0 0 rg BT 76.79 615.50 Td (RETURN ) Tj ET Q q 0 0 0 rg BT 111.40 615.50 Td (T) Tj ET Q q 0 0 0 rg BT 116.02 615.50 Td (O ) Tj ET Q q 0 0 0 rg BT 124.25 615.50 Td (UNITHOLDERS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (As ) Tj ET Q q 0 0 0 rg BT 61.32 598.10 Td (described ) Tj ET Q q 0 0 0 rg BT 97.83 598.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 123.95 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 137.93 598.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 168.38 598.10 Td (is ) Tj ET Q q 0 0 0 rg BT 176.73 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.96 598.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 205.57 598.10 Td (net ) Tj ET Q q 0 0 0 rg BT 219.13 598.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 240.48 598.10 Td (value ) Tj ET Q q 0 0 0 rg BT 261.83 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.23 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.29 598.10 Td (per ) Tj ET Q q 0 0 0 rg BT 294.27 598.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 309.56 598.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 330.48 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.21 598.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 374.48 598.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 418.79 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.01 598.10 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 471.02 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.58 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 489.73 598.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 507.34 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.07 598.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 541.38 598.10 Td (this ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 586.70 Td (strategy ) Tj ET Q q 0 0 0 rg BT 80.15 586.70 Td (aligns ) Tj ET Q q 0 0 0 rg BT 103.44 586.70 Td (to ) Tj ET Q q 0 0 0 rg BT 112.88 586.70 Td (the ) Tj ET Q q 0 0 0 rg BT 126.65 586.70 Td (perspective ) Tj ET Q q 0 0 0 rg BT 169.43 586.70 Td (of ) Tj ET Q q 0 0 0 rg BT 178.86 586.70 Td (the ) Tj ET Q q 0 0 0 rg BT 192.63 586.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 218.70 586.70 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 261.92 586.70 Td (as ) Tj ET Q q 0 0 0 rg BT 273.08 586.70 Td (the ) Tj ET Q q 0 0 0 rg BT 286.85 586.70 Td (combination ) Tj ET Q q 0 0 0 rg BT 331.79 586.70 Td (of ) Tj ET Q q 0 0 0 rg BT 341.23 586.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 351.08 586.70 Td (the ) Tj ET Q q 0 0 0 rg BT 364.85 586.70 Td (change ) Tj ET Q q 0 0 0 rg BT 393.35 586.70 Td (in ) Tj ET Q q 0 0 0 rg BT 402.35 586.70 Td (net ) Tj ET Q q 0 0 0 rg BT 416.12 586.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 437.68 586.70 Td (value ) Tj ET Q q 0 0 0 rg BT 459.24 586.70 Td (on ) Tj ET Q q 0 0 0 rg BT 470.84 586.70 Td (a ) Tj ET Q q 0 0 0 rg BT 478.11 586.70 Td (per ) Tj ET Q q 0 0 0 rg BT 492.30 586.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 507.80 586.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 528.93 586.70 Td (and ) Tj ET Q q 0 0 0 rg BT 544.86 586.70 Td (\(ii\) ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 575.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 93.24 575.30 Td (received, ) Tj ET Q q 0 0 0 rg BT 127.02 575.30 Td (represent ) Tj ET Q q 0 0 0 rg BT 162.10 575.30 Td (the ) Tj ET Q q 0 0 0 rg BT 175.10 575.30 Td (value ) Tj ET Q q 0 0 0 rg BT 195.89 575.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 227.94 575.30 Td (to ) Tj ET Q q 0 0 0 rg BT 236.60 575.30 Td (them ) Tj ET Q q 0 0 0 rg BT 256.09 575.30 Td (by ) Tj ET Q q 0 0 0 rg BT 266.49 575.30 Td (the ) Tj ET Q q 0 0 0 rg BT 279.48 575.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 296.36 575.30 Td (. ) Tj ET Q q 0 0 0 rg BT 300.70 575.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 557.90 Td (In ) Tj ET Q q 0 0 0 rg BT 58.10 557.90 Td (the ) Tj ET Q q 0 0 0 rg BT 71.04 557.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 90.48 557.90 Td (year) Tj ET Q q 0 0 0 rg BT 105.20 557.90 Td (, ) Tj ET Q q 0 0 0 rg BT 109.48 557.90 Td (the ) Tj ET Q q 0 0 0 rg BT 122.41 557.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 140.02 557.90 Td ( ) Tj ET Q q 0 0 0 rg BT 142.13 557.90 Td (created ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 170.22 557.90 Td ($0.81) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 189.71 557.90 Td ( ) Tj ET Q q 0 0 0 rg BT 191.82 557.90 Td (of ) Tj ET Q q 0 0 0 rg BT 200.42 557.90 Td (value ) Tj ET Q q 0 0 0 rg BT 221.15 557.90 Td (per ) Tj ET Q q 0 0 0 rg BT 234.52 557.90 Td (unit. ) Tj ET Q q 0 0 0 rg BT 251.35 557.90 Td (Of ) Tj ET Q q 0 0 0 rg BT 261.68 557.90 Td (this ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 275.91 557.90 Td ($0.81) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 295.41 557.90 Td ( ) Tj ET Q q 0 0 0 rg BT 297.52 557.90 Td (a ) Tj ET Q q 0 0 0 rg BT 303.95 557.90 Td (total ) Tj ET Q q 0 0 0 rg BT 320.79 557.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.39 557.90 Td ($0.75) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.89 557.90 Td ( ) Tj ET Q q 0 0 0 rg BT 350.99 557.90 Td (was ) Tj ET Q q 0 0 0 rg BT 366.95 557.90 Td (returned ) Tj ET Q q 0 0 0 rg BT 398.07 557.90 Td (to ) Tj ET Q q 0 0 0 rg BT 406.67 557.90 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 446.89 557.90 Td (in ) Tj ET Q q 0 0 0 rg BT 455.06 557.90 Td (the ) Tj ET Q q 0 0 0 rg BT 467.99 557.90 Td (form ) Tj ET Q q 0 0 0 rg BT 485.68 557.90 Td (of ) Tj ET Q q 0 0 0 rg BT 494.29 557.90 Td (a ) Tj ET Q q 0 0 0 rg BT 500.72 557.90 Td (distribution ) Tj ET Q q 0 0 0 rg BT 540.50 557.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 546.50 Td ($0.06) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 69.00 546.50 Td ( ) Tj ET Q q 0 0 0 rg BT 71.26 546.50 Td (was ) Tj ET Q q 0 0 0 rg BT 87.38 546.50 Td (retained ) Tj ET Q q 0 0 0 rg BT 117.80 546.50 Td (in ) Tj ET Q q 0 0 0 rg BT 126.13 546.50 Td (the ) Tj ET Q q 0 0 0 rg BT 139.23 546.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 156.11 546.50 Td (, ) Tj ET Q q 0 0 0 rg BT 160.54 546.50 Td (which ) Tj ET Q q 0 0 0 rg BT 182.73 546.50 Td (served ) Tj ET Q q 0 0 0 rg BT 208.38 546.50 Td (to ) Tj ET Q q 0 0 0 rg BT 217.14 546.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 248.86 546.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 268.87 546.50 Td (net ) Tj ET Q q 0 0 0 rg BT 281.97 546.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 302.86 546.50 Td (value. ) Tj ET Q q 0 0 0 rg BT 325.92 546.50 Td ( ) Tj ET Q q 0 0 0 rg BT 328.18 546.50 Td (Importantly) Tj ET Q q 0 0 0 rg BT 366.15 546.50 Td (, ) Tj ET Q q 0 0 0 rg BT 370.58 546.50 Td (this ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.98 546.50 Td ($0.81) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.47 546.50 Td ( ) Tj ET Q q 0 0 0 rg BT 406.74 546.50 Td (of ) Tj ET Q q 0 0 0 rg BT 415.51 546.50 Td (value ) Tj ET Q q 0 0 0 rg BT 436.40 546.50 Td (creation ) Tj ET Q q 0 0 0 rg BT 466.38 546.50 Td (per ) Tj ET Q q 0 0 0 rg BT 479.91 546.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 494.74 546.50 Td (is ) Tj ET Q q 0 0 0 rg BT 502.63 546.50 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 540.42 546.50 Td (to ) Tj ET Q q 0 0 0 rg BT 549.18 546.50 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 535.10 Td (9.6%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.26 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.73 535.10 Td (total ) Tj ET Q q 0 0 0 rg BT 86.93 535.10 Td (return ) Tj ET Q q 0 0 0 rg BT 109.75 535.10 Td (on ) Tj ET Q q 0 0 0 rg BT 120.88 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.69 535.10 Td (per ) Tj ET Q q 0 0 0 rg BT 141.41 535.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 156.45 535.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 179.27 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.74 535.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 210.60 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 215.24 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.77 535.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 243.57 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.87 535.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 274.48 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.95 535.10 Td (created ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.41 535.10 Td ($0.97) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 324.90 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.37 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.34 535.10 Td (value ) Tj ET Q q 0 0 0 rg BT 357.44 535.10 Td (per ) Tj ET Q q 0 0 0 rg BT 371.17 535.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 388.37 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.33 535.10 Td (which ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.72 535.10 Td ($0.22) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 439.22 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.69 535.10 Td (was ) Tj ET Q q 0 0 0 rg BT 458.01 535.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 488.63 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.16 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.47 535.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 527.35 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 531.98 535.10 Td (and ) Tj ET Q q 0 0 0 rg BT 547.45 535.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 523.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 86.80 523.70 Td (is ) Tj ET Q q 0 0 0 rg BT 94.65 523.70 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 132.38 523.70 Td (to ) Tj ET Q q 0 0 0 rg BT 141.09 523.70 Td (a ) Tj ET Q q 0 0 0 rg BT 147.64 523.70 Td (total ) Tj ET Q q 0 0 0 rg BT 164.59 523.70 Td (return ) Tj ET Q q 0 0 0 rg BT 187.15 523.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 195.87 523.70 Td (1) Tj ET Q q 0 0 0 rg BT 199.63 523.70 Td (1.9%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 217.39 523.70 Td (. ) Tj ET Q q 0 0 0 rg BT 221.77 523.70 Td ( ) Tj ET Q q 0 0 0 rg BT 223.98 523.70 Td (It ) Tj ET Q q 0 0 0 rg BT 230.53 523.70 Td (is ) Tj ET Q q 0 0 0 rg BT 238.37 523.70 Td (the ) Tj ET Q q 0 0 0 rg BT 251.42 523.70 Td (objective ) Tj ET Q q 0 0 0 rg BT 284.39 523.70 Td (of ) Tj ET Q q 0 0 0 rg BT 293.10 523.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 340.79 523.70 Td (to ) Tj ET Q q 0 0 0 rg BT 349.50 523.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 381.17 523.70 Td (to ) Tj ET Q q 0 0 0 rg BT 389.89 523.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 417.65 523.70 Td (strong ) Tj ET Q q 0 0 0 rg BT 441.52 523.70 Td (total ) Tj ET Q q 0 0 0 rg BT 458.47 523.70 Td (returns ) Tj ET Q q 0 0 0 rg BT 484.93 523.70 Td (to ) Tj ET Q q 0 0 0 rg BT 493.64 523.70 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 533.97 523.70 Td (of ) Tj ET Q q 0 0 0 rg BT 542.69 523.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 512.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 67.11 512.30 Td ( ) Tj ET Q q 0 0 0 rg BT 69.28 512.30 Td (through ) Tj ET Q q 0 0 0 rg BT 97.86 512.30 Td (growing ) Tj ET Q q 0 0 0 rg BT 127.31 512.30 Td (the ) Tj ET Q q 0 0 0 rg BT 140.30 512.30 Td (value ) Tj ET Q q 0 0 0 rg BT 161.10 512.30 Td (of ) Tj ET Q q 0 0 0 rg BT 169.76 512.30 Td (the ) Tj ET Q q 0 0 0 rg BT 182.76 512.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 208.06 512.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 237.94 512.30 Td (and ) Tj ET Q q 0 0 0 rg BT 253.11 512.30 Td (finding ) Tj ET Q q 0 0 0 rg BT 278.23 512.30 Td (new ) Tj ET Q q 0 0 0 rg BT 294.68 512.30 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 341.46 512.30 Td (for ) Tj ET Q q 0 0 0 rg BT 352.72 512.30 Td (value ) Tj ET Q q 0 0 0 rg BT 373.51 512.30 Td (creation. ) Tj ET Q q 0 0 0 rg BT 405.56 512.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 494.90 Td (Additionally) Tj ET Q q 0 0 0 rg BT 88.77 494.90 Td (, ) Tj ET Q q 0 0 0 rg BT 92.82 494.90 Td (a ) Tj ET Q q 0 0 0 rg BT 99.04 494.90 Td (large ) Tj ET Q q 0 0 0 rg BT 118.24 494.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 143.94 494.90 Td (of ) Tj ET Q q 0 0 0 rg BT 152.33 494.90 Td (this ) Tj ET Q q 0 0 0 rg BT 166.33 494.90 Td (total ) Tj ET Q q 0 0 0 rg BT 182.95 494.90 Td (return ) Tj ET Q q 0 0 0 rg BT 205.18 494.90 Td (to ) Tj ET Q q 0 0 0 rg BT 213.56 494.90 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 253.56 494.90 Td (is ) Tj ET Q q 0 0 0 rg BT 261.07 494.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 292.83 494.90 Td (by ) Tj ET Q q 0 0 0 rg BT 302.94 494.90 Td (way ) Tj ET Q q 0 0 0 rg BT 318.68 494.90 Td (of ) Tj ET Q q 0 0 0 rg BT 327.06 494.90 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 372.68 494.90 Td ( ) Tj ET Q q 0 0 0 rg BT 374.56 494.90 Td (For ) Tj ET Q q 0 0 0 rg BT 388.13 494.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 407.35 494.90 Td (and ) Tj ET Q q 0 0 0 rg BT 422.23 494.90 Td (2016 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.44 494.90 Td (100.0%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 467.86 494.90 Td ( ) Tj ET Q q 0 0 0 rg BT 469.74 494.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.62 494.90 Td (90.2%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 506.71 494.90 Td (, ) Tj ET Q q 0 0 0 rg BT 510.76 494.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 551.33 494.90 Td (, ) Tj ET Q q 0 0 0 rg BT 555.66 494.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 483.50 Td (of ) Tj ET Q q 0 0 0 rg BT 58.03 483.50 Td (the ) Tj ET Q q 0 0 0 rg BT 70.89 483.50 Td (distributions ) Tj ET Q q 0 0 0 rg BT 114.49 483.50 Td (received ) Tj ET Q q 0 0 0 rg BT 145.97 483.50 Td (by ) Tj ET Q q 0 0 0 rg BT 156.22 483.50 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 196.36 483.50 Td (were ) Tj ET Q q 0 0 0 rg BT 215.27 483.50 Td (treated ) Tj ET Q q 0 0 0 rg BT 241.56 483.50 Td (as ) Tj ET Q q 0 0 0 rg BT 251.82 483.50 Td (a ) Tj ET Q q 0 0 0 rg BT 258.18 483.50 Td (return ) Tj ET Q q 0 0 0 rg BT 280.56 483.50 Td (of ) Tj ET Q q 0 0 0 rg BT 289.09 483.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 313.64 483.50 Td (for ) Tj ET Q q 0 0 0 rg BT 324.76 483.50 Td (taxation ) Tj ET Q q 0 0 0 rg BT 354.08 483.50 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 390.32 483.50 Td (resulting ) Tj ET Q q 0 0 0 rg BT 421.80 483.50 Td (in ) Tj ET Q q 0 0 0 rg BT 429.89 483.50 Td (a ) Tj ET Q q 0 0 0 rg BT 436.25 483.50 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 476.39 483.50 Td (deferral ) Tj ET Q q 0 0 0 rg BT 504.83 483.50 Td (of ) Tj ET Q q 0 0 0 rg BT 513.36 483.50 Td (the ) Tj ET Q q 0 0 0 rg BT 526.22 483.50 Td (taxation ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 472.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 84.58 472.10 Td (being ) Tj ET Q q 0 0 0 rg BT 105.81 472.10 Td (provided. ) Tj ET Q q 0 0 0 rg BT 140.02 472.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 454.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 454.70 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 454.70 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 145.20 454.70 Td (shows ) Tj ET Q q 0 0 0 rg BT 169.45 454.70 Td (the ) Tj ET Q q 0 0 0 rg BT 182.45 454.70 Td (change ) Tj ET Q q 0 0 0 rg BT 210.17 454.70 Td (in ) Tj ET Q q 0 0 0 rg BT 218.40 454.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 238.31 454.70 Td (net ) Tj ET Q q 0 0 0 rg BT 251.31 454.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 272.10 454.70 Td (value ) Tj ET Q q 0 0 0 rg BT 292.89 454.70 Td (of ) Tj ET Q q 0 0 0 rg BT 301.56 454.70 Td (the ) Tj ET Q q 0 0 0 rg BT 314.56 454.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 332.17 454.70 Td ( ) Tj ET Q q 0 0 0 rg BT 334.33 454.70 Td (on ) Tj ET Q q 0 0 0 rg BT 345.16 454.70 Td (a ) Tj ET Q q 0 0 0 rg BT 351.66 454.70 Td (total ) Tj ET Q q 0 0 0 rg BT 368.56 454.70 Td (and ) Tj ET Q q 0 0 0 rg BT 383.72 454.70 Td (per ) Tj ET Q q 0 0 0 rg BT 397.15 454.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 411.88 454.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 432.23 454.70 Td (for ) Tj ET Q q 0 0 0 rg BT 443.49 454.70 Td (the ) Tj ET Q q 0 0 0 rg BT 456.49 454.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 475.98 454.70 Td (and ) Tj ET Q q 0 0 0 rg BT 491.15 454.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 510.64 454.70 Td (years: ) Tj ET Q q 0 0 0 rg BT 534.03 454.70 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 438.20000000000005 m 213 438.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213 438.20000000000005 m 298 438.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 423.20000000000005 m 298 423.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 438.20000000000005 m 383 438.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298 423.20000000000005 m 383 423.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 438.20000000000005 m 468 438.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383 423.20000000000005 m 468 423.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 438.20000000000005 m 553 438.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468 423.20000000000005 m 553 423.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 398.20000000000005 m 213 398.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 398.20000000000005 m 298 398.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298 398.20000000000005 m 383 398.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383 398.20000000000005 m 468 398.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468 398.20000000000005 m 553 398.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 398.20000000000005 m 298 398.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383 398.20000000000005 m 468 398.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 248.20000000000005 m 213 248.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213 248.20000000000005 m 298 248.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 298 248.20000000000005 m 383 248.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 383 248.20000000000005 m 468 248.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468 248.20000000000005 m 553 248.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 233.20000000000005 m 213 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213 233.20000000000005 m 298 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 233.20000000000005 m 383 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 233.20000000000005 m 468 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 233.20000000000005 m 553 233.20000000000005 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 265.60 427.73 Td (Y) Tj ET Q q 0 0 0 rg BT 270.58 427.73 Td (ear ended December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 439.30 427.73 Td (Y) Tj ET Q q 0 0 0 rg BT 444.14 427.73 Td (ear ended December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 262.00 412.23 Td (IFRS Net ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 242.40 402.73 Td (Asset V) Tj ET Q q 0 0 0 rg BT 270.55 402.73 Td (alue ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 288.31 405.16 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 349.60 402.73 Td (Per Unit) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 432.45 412.23 Td (IFRS Net ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 415.10 402.73 Td (Asset V) Tj ET Q q 0 0 0 rg BT 441.38 402.73 Td (alue ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 458.27 405.16 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.35 402.73 Td (Per Unit) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 388.78 Td (Beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 215.50 387.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 266.70 387.73 Td (387,862) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 300.50 387.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 364.70 387.73 Td (8.42) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.50 387.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 436.70 387.73 Td (289,540) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.50 387.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.70 387.73 Td (8.19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 373.78 Td (Core-FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 271.05 372.73 Td (46,684) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 364.70 372.73 Td (0.81) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.05 372.73 Td (39,948) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.70 372.73 Td (1.01) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 358.78 Td (Property fair value changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 271.05 357.73 Td (15,126) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 364.70 357.73 Td (0.26) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 445.40 357.73 Td (7,933) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.70 357.73 Td (0.20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 343.78 Td (Other fair value changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 275.40 342.73 Td (1,930) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 364.70 342.73 Td (0.03) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.90 342.73 Td (602) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.70 342.73 Td (0.02) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 328.78 Td (Depreciation on hotel) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 279.30 327.73 Td (\(799) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.90 327.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 362.10 327.78 Td (\(0.01) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.90 327.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.30 327.73 Td (\(590) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 464.90 327.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.10 327.73 Td (\(0.01) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 327.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 313.78 Td (Unit issuances) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 266.70 312.73 Td (127,760) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 362.10 312.78 Td (\(0.12) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.90 312.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.05 312.73 Td (82,689) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.10 312.73 Td (\(0.10) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 312.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 298.78 Td (Distributions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.45 297.73 Td (\(43,607) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.90 297.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 362.10 297.78 Td (\(0.75) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.90 297.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.45 297.73 Td (\(30,026) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 464.90 297.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.10 297.73 Td (\(0.75) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 297.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 283.78 Td (DRIP) Tj ET Q q 0 0 0 rg BT 70.04 283.78 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 275.40 282.73 Td (1,014) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 362.10 282.78 Td (\(0.01) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.90 282.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.90 282.73 Td (866) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.10 282.73 Td (\(0.01) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 282.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 268.78 Td (Unit repurchases) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 287.10 267.73 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 372.10 267.78 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.30 267.73 Td (\(384) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 464.90 267.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.70 267.73 Td (0.01) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 253.78 Td (Other) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 272.80 253.78 Td (\(7,910) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.90 253.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 362.10 253.83 Td (\(0.15) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.90 253.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.80 253.78 Td (\(2,716) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 464.90 253.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.10 253.78 Td (\(0.14) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 253.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 238.78 Td (End of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 215.50 238.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 266.70 238.78 Td (528,060) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 300.50 238.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 364.70 238.78 Td (8.48) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.50 238.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 436.70 238.78 Td (387,862) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.50 238.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.70 238.78 Td (8.42) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 218.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.81 218.70 Td (Refer ) Tj ET Q q 0 0 0 rg BT 75.65 218.70 Td (to ) Tj ET Q q 0 0 0 rg BT 82.58 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 92.93 218.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 108.74 218.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 119.76 218.70 Td (Asset ) Tj ET Q q 0 0 0 rg BT 136.94 218.70 Td (V) Tj ET Q q 0 0 0 rg BT 140.59 218.70 Td (alue ) Tj ET Q q 0 0 0 rg BT 154.02 218.70 Td (section ) Tj ET Q q 0 0 0 rg BT 175.31 218.70 Td (of ) Tj ET Q q 0 0 0 rg BT 182.24 218.70 Td (this ) Tj ET Q q 0 0 0 rg BT 193.61 218.70 Td (MD&A) Tj ET Q q 0 0 0 rg BT 211.04 218.70 Td ( ) Tj ET Q q 0 0 0 rg BT 212.84 218.70 Td (for ) Tj ET Q q 0 0 0 rg BT 221.82 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 232.17 218.70 Td (calculation ) Tj ET Q q 0 0 0 rg BT 263.03 218.70 Td (of ) Tj ET Q q 0 0 0 rg BT 269.96 218.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 285.77 218.70 Td (net ) Tj ET Q q 0 0 0 rg BT 296.12 218.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 312.63 218.70 Td (value ) Tj ET Q q 0 0 0 rg BT 329.13 218.70 Td (on ) Tj ET Q q 0 0 0 rg BT 337.77 218.70 Td (a ) Tj ET Q q 0 0 0 rg BT 342.99 218.70 Td (total ) Tj ET Q q 0 0 0 rg BT 356.42 218.70 Td (and ) Tj ET Q q 0 0 0 rg BT 368.48 218.70 Td (per ) Tj ET Q q 0 0 0 rg BT 379.17 218.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 390.88 218.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 407.04 218.70 Td (at ) Tj ET Q q 0 0 0 rg BT 413.97 218.70 Td (December ) Tj ET Q q 0 0 0 rg BT 444.14 218.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 454.49 218.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 469.97 218.70 Td (and ) Tj ET Q q 0 0 0 rg BT 482.03 218.70 Td (December ) Tj ET Q q 0 0 0 rg BT 512.20 218.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 522.55 218.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 538.03 218.70 Td (to ) Tj ET Q q 0 0 0 rg BT 544.96 218.70 Td (the ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 209.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 69.47 209.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 105.72 209.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 130.00 209.70 Td (statements. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 192.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 192.30 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 192.30 Td (table ) Tj ET Q q 0 0 0 rg BT 116.63 192.30 Td (shows ) Tj ET Q q 0 0 0 rg BT 140.88 192.30 Td (the ) Tj ET Q q 0 0 0 rg BT 153.87 192.30 Td (per ) Tj ET Q q 0 0 0 rg BT 167.30 192.30 Td (unit ) Tj 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100.79999999999995 m 298 100.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 100.79999999999995 m 383 100.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 100.79999999999995 m 468 100.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 468 100.79999999999995 m 553 100.79999999999995 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 265.60 165.33 Td (Y) Tj ET Q q 0 0 0 rg BT 270.58 165.33 Td (ear ended December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 439.30 165.33 Td (Y) Tj ET Q q 0 0 0 rg BT 444.14 165.33 Td (ear ended December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 225.20 150.33 Td (Percentage Return) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 349.60 150.33 Td (Per Unit) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 150.33 Td (Percentage Return) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.35 150.33 Td (Per Unit) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 136.38 Td (IFRS net asset value change) Tj ET Q BT /F2 9.50 Tf ET q 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Tj ET Q q 0 0 0 rg BT 219.13 730.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 259.41 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 268.07 730.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.82 730.70 Td (position.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (RISKS ) Tj ET Q q 0 0 0 rg BT 75.18 713.30 Td (AND UNCERT) Tj ET Q q 0 0 0 rg BT 126.09 713.30 Td (AINTIES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 695.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.06 695.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.40 695.90 Td (s ) Tj ET Q q 0 0 0 rg BT 90.43 695.90 Td (business ) Tj ET Q q 0 0 0 rg BT 123.31 695.90 Td (is ) Tj ET Q q 0 0 0 rg BT 131.07 695.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 157.89 695.90 Td (to ) Tj ET Q q 0 0 0 rg BT 166.52 695.90 Td (a ) Tj ET Q q 0 0 0 rg BT 172.99 695.90 Td (number ) Tj ET Q q 0 0 0 rg BT 201.53 695.90 Td (of ) Tj ET Q q 0 0 0 rg BT 210.16 695.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 228.31 695.90 Td (and ) Tj ET Q q 0 0 0 rg BT 243.44 695.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 289.75 695.90 Td (which ) Tj ET Q q 0 0 0 rg BT 311.79 695.90 Td (are ) Tj ET Q q 0 0 0 rg BT 325.19 695.90 Td (described ) Tj ET Q q 0 0 0 rg BT 361.10 695.90 Td (in ) Tj ET Q q 0 0 0 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Q q 0 0 0 rg BT 529.32 684.50 Td ( ) Tj ET Q q 0 0 0 rg BT 531.45 684.50 Td (or ) Tj ET Q q 0 0 0 rg BT 540.50 684.50 Td (that ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 62.73 673.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.34 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.73 673.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 115.00 673.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 150.74 673.10 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 189.06 673.10 Td (also ) Tj ET Q q 0 0 0 rg BT 205.75 673.10 Td (may ) Tj ET Q q 0 0 0 rg BT 222.86 673.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 246.47 673.10 Td (its ) Tj ET Q q 0 0 0 rg BT 256.65 673.10 Td (business ) Tj ET Q q 0 0 0 rg BT 289.80 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.19 673.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 343.97 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.36 673.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 382.55 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.77 673.10 Td (price ) Tj ET Q q 0 0 0 rg BT 415.05 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.95 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.17 673.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 462.70 673.10 Td (units ) Tj ET Q q 0 0 0 rg BT 481.56 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.45 673.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 517.53 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.99 673.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 549.18 673.10 Td (If ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 661.70 Td (any ) Tj ET Q q 0 0 0 rg BT 63.73 661.70 Td (of ) Tj ET Q q 0 0 0 rg BT 71.90 661.70 Td (the ) Tj ET Q q 0 0 0 rg BT 84.40 661.70 Td (noted ) Tj ET Q q 0 0 0 rg BT 105.57 661.70 Td (risks ) Tj ET Q q 0 0 0 rg BT 123.25 661.70 Td (actually ) Tj ET Q q 0 0 0 rg BT 151.34 661.70 Td (occur) Tj ET Q q 0 0 0 rg BT 169.97 661.70 Td (, ) Tj ET Q q 0 0 0 rg BT 173.80 661.70 Td (the ) Tj ET Q q 0 0 0 rg BT 186.31 661.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 205.64 661.70 Td (s ) Tj ET Q q 0 0 0 rg BT 211.21 661.70 Td (business ) Tj ET Q q 0 0 0 rg BT 243.63 661.70 Td (may ) Tj ET Q q 0 0 0 rg BT 260.02 661.70 Td (be ) Tj ET Q q 0 0 0 rg BT 270.36 661.70 Td (harmed ) Tj ET Q q 0 0 0 rg BT 298.44 661.70 Td (and ) Tj ET Q q 0 0 0 rg BT 313.11 661.70 Td (the ) Tj ET Q q 0 0 0 rg BT 325.61 661.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 355.86 661.70 Td (condition ) Tj ET Q q 0 0 0 rg BT 388.72 661.70 Td (and ) Tj ET Q q 0 0 0 rg BT 403.39 661.70 Td (results ) Tj ET Q q 0 0 0 rg BT 428.01 661.70 Td (of ) Tj ET Q q 0 0 0 rg BT 436.18 661.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 474.23 661.70 Td (may ) Tj ET Q q 0 0 0 rg BT 490.62 661.70 Td (suf) Tj ET Q q 0 0 0 rg BT 500.88 661.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 511.64 661.70 Td (significantly) Tj ET Q q 0 0 0 rg BT 551.35 661.70 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 650.30 Td (In ) Tj ET Q q 0 0 0 rg BT 58.17 650.30 Td (that ) Tj ET Q q 0 0 0 rg BT 73.33 650.30 Td (event, ) Tj ET Q q 0 0 0 rg BT 96.72 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 109.72 650.30 Td (trading ) Tj ET Q q 0 0 0 rg BT 135.71 650.30 Td (price ) Tj ET Q q 0 0 0 rg BT 154.76 650.30 Td (of ) Tj ET Q q 0 0 0 rg BT 163.43 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 176.42 650.30 Td (units ) Tj ET Q q 0 0 0 rg BT 195.05 650.30 Td (could ) Tj ET Q q 0 0 0 rg BT 215.84 650.30 Td (decline, ) Tj ET Q q 0 0 0 rg BT 244.86 650.30 Td (and ) Tj ET Q q 0 0 0 rg BT 260.02 650.30 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 300.30 650.30 Td (may ) Tj ET Q q 0 0 0 rg BT 317.19 650.30 Td (lose ) Tj ET Q q 0 0 0 rg BT 333.65 650.30 Td (all ) Tj ET Q q 0 0 0 rg BT 343.61 650.30 Td (or ) Tj ET Q q 0 0 0 rg BT 352.70 650.30 Td (part ) Tj ET Q q 0 0 0 rg BT 368.29 650.30 Td (of ) Tj ET Q q 0 0 0 rg BT 376.96 650.30 Td (their ) Tj ET Q q 0 0 0 rg BT 394.28 650.30 Td (investment.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 632.90 Td (SIGNIFICANT ) Tj ET Q q 0 0 0 rg BT 101.43 632.90 Td (HIGHLIGHTS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 615.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 615.50 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 615.50 Td (are ) Tj ET Q q 0 0 0 rg BT 110.99 615.50 Td (the ) Tj ET Q q 0 0 0 rg BT 123.99 615.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 160.80 615.50 Td (highlights ) Tj ET Q q 0 0 0 rg BT 195.89 615.50 Td (for ) Tj ET Q q 0 0 0 rg BT 207.15 615.50 Td (the ) Tj ET Q q 0 0 0 rg BT 220.14 615.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 246.99 615.50 Td (and ) Tj ET Q q 0 0 0 rg BT 262.16 615.50 Td (year ) Tj ET Q q 0 0 0 rg BT 279.48 615.50 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 303.31 615.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 354.40 615.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.73 615.50 Td (:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (Leasing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 580.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 580.70 Td (The ) Tj ET Q q 0 0 0 rg BT 83.25 580.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 100.86 580.70 Td ( ) Tj ET Q q 0 0 0 rg BT 103.18 580.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 141.45 580.70 Td (a ) Tj ET Q q 0 0 0 rg BT 148.11 580.70 Td (total ) Tj ET Q q 0 0 0 rg BT 165.16 580.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 173.98 580.70 Td (986,122) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 202.15 580.70 Td ( ) Tj ET Q q 0 0 0 rg BT 204.47 580.70 Td (square ) Tj ET Q q 0 0 0 rg BT 230.61 580.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 245.94 580.70 Td (of ) Tj ET Q q 0 0 0 rg BT 254.76 580.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 281.77 580.70 Td (in ) Tj ET Q q 0 0 0 rg BT 290.16 580.70 Td (the ) Tj ET Q q 0 0 0 rg BT 303.31 580.70 Td (year) Tj ET Q q 0 0 0 rg BT 318.04 580.70 Td (, ) Tj ET Q q 0 0 0 rg BT 322.53 580.70 Td (comprised ) Tj ET Q q 0 0 0 rg BT 360.79 580.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 369.62 580.70 Td (556,981) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.78 580.70 Td ( ) Tj ET Q q 0 0 0 rg BT 400.10 580.70 Td (square ) Tj ET Q q 0 0 0 rg BT 426.25 580.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 441.57 580.70 Td (of ) Tj ET Q q 0 0 0 rg BT 450.39 580.70 Td (renewals ) Tj ET Q q 0 0 0 rg BT 483.89 580.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 499.21 580.70 Td (429,141) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.37 580.70 Td ( ) Tj ET Q q 0 0 0 rg BT 529.70 580.70 Td (square ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 569.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 82.51 569.30 Td (of ) Tj ET Q q 0 0 0 rg BT 91.02 569.30 Td (new ) Tj ET Q q 0 0 0 rg BT 107.31 569.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 127.95 569.30 Td (deals. ) Tj ET Q q 0 0 0 rg BT 150.75 569.30 Td (For ) Tj ET Q q 0 0 0 rg BT 164.44 569.30 Td (the ) Tj ET Q q 0 0 0 rg BT 177.28 569.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 199.22 569.30 Td (quarter) Tj ET Q q 0 0 0 rg BT 223.47 569.30 Td (, ) Tj ET Q q 0 0 0 rg BT 227.65 569.30 Td (the ) Tj ET Q q 0 0 0 rg BT 240.49 569.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 258.10 569.30 Td ( ) Tj ET Q q 0 0 0 rg BT 260.11 569.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 298.07 569.30 Td (a ) Tj ET Q q 0 0 0 rg BT 304.41 569.30 Td (total ) Tj ET Q q 0 0 0 rg BT 321.15 569.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.66 569.30 Td (357,663) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.82 569.30 Td ( ) Tj ET Q q 0 0 0 rg BT 359.83 569.30 Td (square ) Tj ET Q q 0 0 0 rg BT 385.66 569.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 400.66 569.30 Td (of ) Tj ET Q q 0 0 0 rg BT 409.17 569.30 Td (leasing, ) Tj ET Q q 0 0 0 rg BT 438.04 569.30 Td (comprised ) Tj ET Q q 0 0 0 rg BT 475.98 569.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.49 569.30 Td (288,765) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 512.65 569.30 Td ( ) Tj ET Q q 0 0 0 rg BT 514.66 569.30 Td (square ) Tj ET Q q 0 0 0 rg BT 540.49 569.30 Td (feet ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 557.90 Td (of ) Tj ET Q q 0 0 0 rg BT 76.17 557.90 Td (renewals ) Tj ET Q q 0 0 0 rg BT 109.50 557.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 124.67 557.90 Td (68,898) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 148.50 557.90 Td ( ) Tj ET Q q 0 0 0 rg BT 150.66 557.90 Td (square ) Tj ET Q q 0 0 0 rg BT 176.65 557.90 Td (feet ) Tj ET Q q 0 0 0 rg BT 191.81 557.90 Td (of ) Tj ET Q q 0 0 0 rg BT 200.48 557.90 Td (new ) Tj ET Q q 0 0 0 rg BT 216.93 557.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 237.73 557.90 Td (deals. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 540.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 540.50 Td (Leasing ) Tj ET Q q 0 0 0 rg BT 96.86 540.50 Td (spreads ) Tj ET Q q 0 0 0 rg BT 126.65 540.50 Td (in ) Tj ET Q q 0 0 0 rg BT 134.79 540.50 Td (the ) Tj ET Q q 0 0 0 rg BT 147.69 540.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 174.45 540.50 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 193.40 540.50 Td (7.7%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 211.16 540.50 Td ( ) Tj ET Q q 0 0 0 rg BT 213.23 540.50 Td (over ) Tj ET Q q 0 0 0 rg BT 230.46 540.50 Td (expiring ) Tj ET Q q 0 0 0 rg BT 259.82 540.50 Td (rents. ) Tj ET Q q 0 0 0 rg BT 281.38 540.50 Td (Renewals ) Tj ET Q q 0 0 0 rg BT 317.65 540.50 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 336.60 540.50 Td (9.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 354.36 540.50 Td ( ) Tj ET Q q 0 0 0 rg BT 356.44 540.50 Td (above ) Tj ET Q q 0 0 0 rg BT 379.74 540.50 Td (expiring ) Tj ET Q q 0 0 0 rg BT 409.09 540.50 Td (rents ) Tj ET Q q 0 0 0 rg BT 428.48 540.50 Td (while ) Tj ET Q q 0 0 0 rg BT 448.31 540.50 Td (new ) Tj ET Q q 0 0 0 rg BT 464.67 540.50 Td (deals ) Tj ET Q q 0 0 0 rg BT 485.36 540.50 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 504.32 540.50 Td (1.7%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.07 540.50 Td ( ) Tj ET Q q 0 0 0 rg BT 524.15 540.50 Td (above ) Tj ET Q q 0 0 0 rg BT 547.45 540.50 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 529.10 Td (place ) Tj ET Q q 0 0 0 rg BT 88.93 529.10 Td (building ) Tj ET Q q 0 0 0 rg BT 118.59 529.10 Td (rent. ) Tj ET Q q 0 0 0 rg BT 136.99 529.10 Td (In ) Tj ET Q q 0 0 0 rg BT 146.30 529.10 Td (place ) Tj ET Q q 0 0 0 rg BT 167.73 529.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 207.78 529.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.68 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.32 529.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 263.84 529.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 303.03 529.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.34 529.10 Td (85.8%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 334.43 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.23 529.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 374.68 529.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.99 529.10 Td (85.9%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.08 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.88 529.10 Td (at ) Tj ET Q q 0 0 0 rg BT 418.19 529.10 Td (September ) Tj ET Q q 0 0 0 rg BT 459.10 529.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 472.74 529.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 492.88 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.68 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.32 529.10 Td (weighted ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 517.70 Td (average ) Tj ET Q q 0 0 0 rg BT 97.82 517.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 118.61 517.70 Td (term ) Tj ET Q q 0 0 0 rg BT 136.36 517.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 152.38 517.70 Td (5.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 163.21 517.70 Td ( ) Tj ET Q q 0 0 0 rg BT 165.37 517.70 Td (years ) Tj ET Q q 0 0 0 rg BT 186.59 517.70 Td (at ) Tj ET Q q 0 0 0 rg BT 195.26 517.70 Td (December ) Tj ET Q q 0 0 0 rg BT 233.36 517.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 246.35 517.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 265.85 517.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 302.66 517.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.32 517.70 Td (5.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 322.16 517.70 Td ( ) Tj ET Q q 0 0 0 rg BT 324.32 517.70 Td (years ) Tj ET Q q 0 0 0 rg BT 345.54 517.70 Td (at ) Tj ET Q q 0 0 0 rg BT 354.21 517.70 Td (September ) Tj ET Q q 0 0 0 rg BT 394.48 517.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 407.48 517.70 Td (2017.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 500.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 500.30 Td (Significant ) Tj ET Q q 0 0 0 rg BT 105.61 500.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 126.40 500.30 Td (deals ) Tj ET Q q 0 0 0 rg BT 147.19 500.30 Td (in ) Tj ET Q q 0 0 0 rg BT 155.42 500.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 174.92 500.30 Td (include: ) Tj ET Q BT /F3 9.50 Tf ET /GS0 gs q 3.80 0 0 9.64 85.50 480.85 cm /I4 Do Q q 0 0 0 rg BT 89.30 482.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 482.90 Td (A) Tj ET Q q 0 0 0 rg BT 108.27 482.90 Td ( ) Tj ET Q q 0 0 0 rg BT 109.82 482.90 Td (154,018 ) Tj ET Q q 0 0 0 rg BT 139.54 482.90 Td (square ) Tj ET Q q 0 0 0 rg BT 164.91 482.90 Td (foot ) Tj ET Q q 0 0 0 rg BT 179.46 482.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 199.64 482.90 Td (with ) Tj ET Q q 0 0 0 rg BT 215.04 482.90 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 246.05 482.90 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 281.82 482.90 Td (in ) Tj ET Q q 0 0 0 rg BT 289.43 482.90 Td (St. ) Tj ET Q q 0 0 0 rg BT 300.51 482.90 Td (John's, ) Tj ET Q q 0 0 0 rg BT 326.52 482.90 Td (NL. ) Tj ET Q q 0 0 0 rg BT 340.19 482.90 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 371.20 482.90 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 406.97 482.90 Td (is ) Tj ET Q q 0 0 0 rg BT 414.15 482.90 Td (a ) Tj ET Q q 0 0 0 rg BT 420.03 482.90 Td (sub-tenant ) Tj ET Q q 0 0 0 rg BT 458.40 482.90 Td (of ) Tj ET Q q 0 0 0 rg BT 466.45 482.90 Td (Bell ) Tj ET Q q 0 0 0 rg BT 480.69 482.90 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 501.73 482.90 Td (until ) Tj ET Q q 0 0 0 rg BT 517.58 482.90 Td (November ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 471.50 Td (2020. ) Tj ET Q q 0 0 0 rg BT 124.87 471.50 Td (The ) Tj ET Q q 0 0 0 rg BT 140.29 471.50 Td (new ) Tj ET Q q 0 0 0 rg BT 156.58 471.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 177.20 471.50 Td (secures ) Tj ET Q q 0 0 0 rg BT 206.47 471.50 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 237.93 471.50 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 274.14 471.50 Td (in ) Tj ET Q q 0 0 0 rg BT 282.20 471.50 Td (the ) Tj ET Q q 0 0 0 rg BT 295.03 471.50 Td (building ) Tj ET Q q 0 0 0 rg BT 323.88 471.50 Td (for ) Tj ET Q q 0 0 0 rg BT 334.97 471.50 Td (an ) Tj ET Q q 0 0 0 rg BT 345.63 471.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 380.98 471.50 Td (10 ) Tj ET Q q 0 0 0 rg BT 391.64 471.50 Td (years ) Tj ET Q q 0 0 0 rg BT 412.69 471.50 Td (through ) Tj ET Q q 0 0 0 rg BT 441.11 471.50 Td (2030. ) Tj ET Q q 0 0 0 rg BT 462.60 471.50 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 494.06 471.50 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 530.27 471.50 Td (has ) Tj ET Q q 0 0 0 rg BT 544.83 471.50 Td (an ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 460.10 Td (option ) Tj ET Q q 0 0 0 rg BT 126.89 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.56 460.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 163.28 460.10 Td (into ) Tj ET Q q 0 0 0 rg BT 178.01 460.10 Td (another ) Tj ET Q q 0 0 0 rg BT 206.60 460.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 223.92 460.10 Td (for ) Tj ET Q q 0 0 0 rg BT 235.18 460.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 285.85 460.10 Td (40,000 ) Tj ET Q q 0 0 0 rg BT 311.84 460.10 Td (square ) Tj ET Q q 0 0 0 rg BT 337.83 460.10 Td (feet, ) Tj ET Q q 0 0 0 rg BT 355.16 460.10 Td (which ) Tj ET Q q 0 0 0 rg BT 377.24 460.10 Td (must ) Tj ET Q q 0 0 0 rg BT 396.29 460.10 Td (be ) Tj ET Q q 0 0 0 rg BT 407.12 460.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 442.63 460.10 Td (by ) Tj ET Q q 0 0 0 rg BT 453.03 460.10 Td (December ) Tj ET Q q 0 0 0 rg BT 491.13 460.10 Td (2018.) Tj ET Q BT /F3 9.50 Tf ET /GS0 gs q 3.80 0 0 9.64 85.50 440.65 cm /I5 Do Q q 0 0 0 rg BT 89.30 442.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 442.70 Td (A) Tj ET Q q 0 0 0 rg BT 108.27 442.70 Td ( ) Tj ET Q q 0 0 0 rg BT 110.99 442.70 Td (new ) Tj ET Q q 0 0 0 rg BT 128.01 442.70 Td (5-year ) Tj ET Q q 0 0 0 rg BT 152.81 442.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 174.17 442.70 Td (deal ) Tj ET Q q 0 0 0 rg BT 191.62 442.70 Td (with ) Tj ET Q q 0 0 0 rg BT 208.20 442.70 Td (V) Tj ET Q q 0 0 0 rg BT 212.97 442.70 Td (olta ) Tj ET Q q 0 0 0 rg BT 228.25 442.70 Td (Labs ) Tj ET Q q 0 0 0 rg BT 247.87 442.70 Td (at ) Tj ET Q q 0 0 0 rg BT 257.10 442.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.66 442.70 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 303.25 442.70 Td (Centre ) Tj ET Q q 0 0 0 rg BT 329.35 442.70 Td (for ) Tj ET Q q 0 0 0 rg BT 341.17 442.70 Td (58,178 ) Tj ET Q q 0 0 0 rg BT 367.73 442.70 Td (square ) Tj ET Q q 0 0 0 rg BT 394.27 442.70 Td (feet. ) Tj ET Q q 0 0 0 rg BT 411.99 442.70 Td (This ) Tj ET Q q 0 0 0 rg BT 429.44 442.70 Td (new ) Tj ET Q q 0 0 0 rg BT 446.45 442.70 Td (tenant ) Tj ET Q q 0 0 0 rg BT 470.84 442.70 Td (will ) Tj ET Q q 0 0 0 rg BT 484.38 442.70 Td (occupy ) Tj ET Q q 0 0 0 rg BT 511.79 442.70 Td (a ) Tj ET Q q 0 0 0 rg BT 518.85 442.70 Td (significant ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 431.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 129.49 431.30 Td (of ) Tj ET Q q 0 0 0 rg BT 138.15 431.30 Td (the ) Tj ET Q q 0 0 0 rg BT 151.15 431.30 Td (space ) Tj ET Q q 0 0 0 rg BT 174.11 431.30 Td (previously ) Tj ET Q q 0 0 0 rg BT 211.35 431.30 Td (occupied ) Tj ET Q q 0 0 0 rg BT 244.70 431.30 Td (by ) Tj ET Q q 0 0 0 rg BT 255.10 431.30 Td (Bell ) Tj ET Q q 0 0 0 rg BT 269.82 431.30 Td (Aliant. ) Tj ET Q BT /F3 9.50 Tf ET /GS0 gs q 3.80 0 0 9.64 85.50 411.85 cm /I6 Do Q q 0 0 0 rg BT 89.30 413.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 413.90 Td (Completed ) Tj ET Q q 0 0 0 rg BT 142.93 413.90 Td (a ) Tj ET Q q 0 0 0 rg BT 149.03 413.90 Td (new ) Tj ET Q q 0 0 0 rg BT 165.07 413.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 185.46 413.90 Td (with ) Tj ET Q q 0 0 0 rg BT 201.07 413.90 Td (Cogeco ) Tj ET Q q 0 0 0 rg BT 229.68 413.90 Td (Peer ) Tj ET Q q 0 0 0 rg BT 247.90 413.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 253.99 413.90 Td (at ) Tj ET Q q 0 0 0 rg BT 262.25 413.90 Td (W) Tj ET Q q 0 0 0 rg BT 269.47 413.90 Td (est ) Tj ET Q q 0 0 0 rg BT 281.63 413.90 Td (Metro ) Tj ET Q q 0 0 0 rg BT 303.30 413.90 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 339.70 413.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 364.84 413.90 Td (for ) Tj ET Q q 0 0 0 rg BT 375.70 413.90 Td (28,276 ) Tj ET Q q 0 0 0 rg BT 401.29 413.90 Td (square ) Tj ET Q q 0 0 0 rg BT 426.87 413.90 Td (feet ) Tj ET Q q 0 0 0 rg BT 441.63 413.90 Td (and ) Tj ET Q q 0 0 0 rg BT 456.38 413.90 Td (a ) Tj ET Q q 0 0 0 rg BT 462.48 413.90 Td (15 ) Tj ET Q q 0 0 0 rg BT 472.90 413.90 Td (year ) Tj ET Q q 0 0 0 rg BT 489.82 413.90 Td (term, ) Tj ET Q q 0 0 0 rg BT 509.33 413.90 Td (commencing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 402.50 Td (in ) Tj ET Q q 0 0 0 rg BT 110.93 402.50 Td (February ) Tj ET Q q 0 0 0 rg BT 143.47 402.50 Td (2018. ) Tj ET Q q 0 0 0 rg BT 164.25 402.50 Td (This ) Tj ET Q q 0 0 0 rg BT 180.34 402.50 Td (is ) Tj ET Q q 0 0 0 rg BT 187.34 402.50 Td (space ) Tj ET Q q 0 0 0 rg BT 209.50 402.50 Td (that ) Tj ET Q q 0 0 0 rg BT 223.86 402.50 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 268.95 402.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 300.19 402.50 Td (occupies ) Tj ET Q q 0 0 0 rg BT 332.31 402.50 Td (but ) Tj ET Q q 0 0 0 rg BT 344.51 402.50 Td (had ) Tj ET Q q 0 0 0 rg BT 358.88 402.50 Td (a ) Tj ET Q q 0 0 0 rg BT 364.58 402.50 Td (termination ) Tj ET Q q 0 0 0 rg BT 404.49 402.50 Td (right ) Tj ET Q q 0 0 0 rg BT 421.01 402.50 Td (on ) Tj ET Q q 0 0 0 rg BT 431.05 402.50 Td (that ) Tj ET Q q 0 0 0 rg BT 445.41 402.50 Td (could ) Tj ET Q q 0 0 0 rg BT 465.41 402.50 Td (be ) Tj ET Q q 0 0 0 rg BT 475.44 402.50 Td (exercised ) Tj ET Q q 0 0 0 rg BT 510.15 402.50 Td (in ) Tj ET Q q 0 0 0 rg BT 517.58 402.50 Td (December ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 391.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 125.45 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.74 391.10 Td (The ) Tj ET Q q 0 0 0 rg BT 143.62 391.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 161.23 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.68 391.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 202.52 391.10 Td (an ) Tj ET Q q 0 0 0 rg BT 213.63 391.10 Td (early ) Tj ET Q q 0 0 0 rg BT 232.97 391.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 273.96 391.10 Td (with ) Tj ET Q q 0 0 0 rg BT 290.26 391.10 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 336.43 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.38 391.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 376.42 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.70 391.10 Td (new ) Tj ET Q q 0 0 0 rg BT 406.44 391.10 Td (Cogeco ) Tj ET Q q 0 0 0 rg BT 435.73 391.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 454.64 391.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 461.42 391.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 484.51 391.10 Td (This ) Tj ET Q q 0 0 0 rg BT 501.68 391.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 542.24 391.10 Td (de-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 379.70 Td (risks ) Tj ET Q q 0 0 0 rg BT 121.68 379.70 Td (the ) Tj ET Q q 0 0 0 rg BT 134.68 379.70 Td (property ) Tj ET Q q 0 0 0 rg BT 165.42 379.70 Td (and ) Tj ET Q q 0 0 0 rg BT 180.59 379.70 Td (secures ) Tj ET Q q 0 0 0 rg BT 210.03 379.70 Td (a ) Tj ET Q q 0 0 0 rg BT 216.53 379.70 Td (strong ) Tj ET Q q 0 0 0 rg BT 240.35 379.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 261.57 379.70 Td (tenant ) Tj ET Q q 0 0 0 rg BT 285.40 379.70 Td (for ) Tj ET Q q 0 0 0 rg BT 296.66 379.70 Td (15 ) Tj ET Q q 0 0 0 rg BT 307.49 379.70 Td (years.) Tj ET Q BT /F3 9.50 Tf ET /GS0 gs q 3.80 0 0 9.64 85.50 360.25 cm /I7 Do Q q 0 0 0 rg BT 89.30 362.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 362.30 Td (A) Tj ET Q q 0 0 0 rg BT 108.27 362.30 Td ( ) Tj ET Q q 0 0 0 rg BT 110.14 362.30 Td (new ) Tj ET Q q 0 0 0 rg BT 126.30 362.30 Td (ten ) Tj ET Q q 0 0 0 rg BT 139.00 362.30 Td (year ) Tj ET Q q 0 0 0 rg BT 156.03 362.30 Td (deal ) Tj ET Q q 0 0 0 rg BT 172.63 362.30 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 183.59 362.30 Td (13,737) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 207.42 362.30 Td ( ) Tj ET Q q 0 0 0 rg BT 209.29 362.30 Td (square ) Tj ET Q q 0 0 0 rg BT 234.98 362.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 249.85 362.30 Td (with ) Tj ET Q q 0 0 0 rg BT 265.58 362.30 Td (a ) Tj ET Q q 0 0 0 rg BT 271.78 362.30 Td (security ) Tj ET Q q 0 0 0 rg BT 300.50 362.30 Td (firm ) Tj ET Q q 0 0 0 rg BT 315.35 362.30 Td (and ) Tj ET Q q 0 0 0 rg BT 330.22 362.30 Td (a ) Tj ET Q q 0 0 0 rg BT 336.42 362.30 Td (seven ) Tj ET Q q 0 0 0 rg BT 359.08 362.30 Td (year ) Tj ET Q q 0 0 0 rg BT 376.11 362.30 Td (renewal ) Tj ET Q q 0 0 0 rg BT 405.26 362.30 Td (of ) Tj ET Q q 0 0 0 rg BT 413.51 362.30 Td (T) Tj ET Q q 0 0 0 rg BT 417.99 362.30 Td (rader ) Tj ET Q q 0 0 0 rg BT 438.04 362.30 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 458.96 362.30 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.93 362.30 Td (51,066) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 493.76 362.30 Td ( ) Tj ET Q q 0 0 0 rg BT 495.63 362.30 Td (square ) Tj ET Q q 0 0 0 rg BT 521.32 362.30 Td (feet, ) Tj ET Q q 0 0 0 rg BT 538.35 362.30 Td (both ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 350.90 Td (at ) Tj ET Q q 0 0 0 rg BT 112.17 350.90 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 152.44 350.90 Td (W) Tj ET Q q 0 0 0 rg BT 159.66 350.90 Td (est. ) Tj ET Q q 0 0 0 rg BT 174.26 350.90 Td (T) Tj ET Q q 0 0 0 rg BT 178.74 350.90 Td (rader ) Tj ET Q q 0 0 0 rg BT 199.10 350.90 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 220.32 350.90 Td (was ) Tj ET Q q 0 0 0 rg BT 236.35 350.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 270.14 350.90 Td (to ) Tj ET Q q 0 0 0 rg BT 278.82 350.90 Td (vacate ) Tj ET Q q 0 0 0 rg BT 303.95 350.90 Td (at ) Tj ET Q q 0 0 0 rg BT 312.63 350.90 Td (the ) Tj ET Q q 0 0 0 rg BT 325.63 350.90 Td (time ) Tj ET Q q 0 0 0 rg BT 342.53 350.90 Td (of ) Tj ET Q q 0 0 0 rg BT 351.20 350.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 390.19 350.90 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 436.97 350.90 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 478.55 350.90 Td (this ) Tj ET Q q 0 0 0 rg BT 492.85 350.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 533.14 350.90 Td (was ) Tj ET Q q 0 0 0 rg BT 549.16 350.90 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 339.50 Td (major ) Tj ET Q q 0 0 0 rg BT 125.15 339.50 Td (success ) Tj ET Q q 0 0 0 rg BT 155.46 339.50 Td (for ) Tj ET Q q 0 0 0 rg BT 166.72 339.50 Td (the ) Tj ET Q q 0 0 0 rg BT 179.72 339.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 196.60 339.50 Td (. ) Tj ET Q BT /F3 9.50 Tf ET /GS0 gs q 3.80 0 0 9.64 85.50 320.05 cm /I8 Do Q q 0 0 0 rg BT 89.30 322.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 322.10 Td (Completed ) Tj ET Q q 0 0 0 rg BT 143.47 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.10 322.10 Td (blend ) Tj ET Q q 0 0 0 rg BT 171.45 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.75 322.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 212.44 322.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 252.85 322.10 Td (at ) Tj ET Q q 0 0 0 rg BT 261.64 322.10 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 283.42 322.10 Td (Place ) Tj ET Q q 0 0 0 rg BT 305.20 322.10 Td (with ) Tj ET Q q 0 0 0 rg BT 321.35 322.10 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 343.12 322.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 357.98 322.10 Td (that ) Tj ET Q q 0 0 0 rg BT 373.28 322.10 Td (commences ) Tj ET Q q 0 0 0 rg BT 417.57 322.10 Td (May ) Tj ET Q q 0 0 0 rg BT 434.59 322.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 443.38 322.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 463.01 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.30 322.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 509.18 322.10 Td (an ) Tj ET Q q 0 0 0 rg BT 520.14 322.10 Td (additional ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 310.70 Td (1) Tj ET Q q 0 0 0 rg BT 107.26 310.70 Td (1,036 ) Tj ET Q q 0 0 0 rg BT 128.70 310.70 Td (square ) Tj ET Q q 0 0 0 rg BT 154.45 310.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 169.39 310.70 Td (of ) Tj ET Q q 0 0 0 rg BT 177.82 310.70 Td (space ) Tj ET Q q 0 0 0 rg BT 200.55 310.70 Td (on ) Tj ET Q q 0 0 0 rg BT 211.15 310.70 Td (a ) Tj ET Q q 0 0 0 rg BT 217.42 310.70 Td (10 ) Tj ET Q q 0 0 0 rg BT 228.02 310.70 Td (year ) Tj ET Q q 0 0 0 rg BT 245.12 310.70 Td (term ) Tj ET Q q 0 0 0 rg BT 262.64 310.70 Td (and ) Tj ET Q q 0 0 0 rg BT 277.57 310.70 Td (also ) Tj ET Q q 0 0 0 rg BT 293.80 310.70 Td (extends ) Tj ET Q q 0 0 0 rg BT 323.03 310.70 Td (their ) Tj ET Q q 0 0 0 rg BT 340.12 310.70 Td (existing ) Tj ET Q q 0 0 0 rg BT 368.47 310.70 Td (23,040 ) Tj ET Q q 0 0 0 rg BT 394.24 310.70 Td (square ) Tj ET Q q 0 0 0 rg BT 420.00 310.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 434.93 310.70 Td (for ) Tj ET Q q 0 0 0 rg BT 445.96 310.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 496.40 310.70 Td (3 ) Tj ET Q q 0 0 0 rg BT 502.67 310.70 Td (years ) Tj ET Q q 0 0 0 rg BT 523.65 310.70 Td (to ) Tj ET Q q 0 0 0 rg BT 532.09 310.70 Td (be ) Tj ET Q q 0 0 0 rg BT 542.69 310.70 Td (co-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 299.30 Td (terminus ) Tj ET Q q 0 0 0 rg BT 135.83 299.30 Td (with ) Tj ET Q q 0 0 0 rg BT 152.13 299.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.42 299.30 Td (new ) Tj ET Q q 0 0 0 rg BT 182.16 299.30 Td (space. ) Tj ET Q q 0 0 0 rg BT 207.57 299.30 Td ( ) Tj ET Q q 0 0 0 rg BT 210.03 299.30 Td (With ) Tj ET Q q 0 0 0 rg BT 228.06 299.30 Td (this ) Tj ET Q q 0 0 0 rg BT 242.64 299.30 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 285.38 299.30 Td (we ) Tj ET Q q 0 0 0 rg BT 297.78 299.30 Td (have ) Tj ET Q q 0 0 0 rg BT 317.13 299.30 Td (now ) Tj ET Q q 0 0 0 rg BT 333.87 299.30 Td (leased ) Tj ET Q q 0 0 0 rg BT 359.28 299.30 Td (16,746 ) Tj ET Q q 0 0 0 rg BT 385.57 299.30 Td (square ) Tj ET Q q 0 0 0 rg BT 411.84 299.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 427.29 299.30 Td (of ) Tj ET Q q 0 0 0 rg BT 436.25 299.30 Td (the ) Tj ET Q q 0 0 0 rg BT 449.53 299.30 Td (47,332 ) Tj ET Q q 0 0 0 rg BT 475.82 299.30 Td (square ) Tj ET Q q 0 0 0 rg BT 502.09 299.30 Td (foot ) Tj ET Q q 0 0 0 rg BT 517.54 299.30 Td (headlease ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.50 287.90 Td (that ) Tj ET Q q 0 0 0 rg BT 118.66 287.90 Td (expired ) Tj ET Q q 0 0 0 rg BT 146.38 287.90 Td (June ) Tj ET Q q 0 0 0 rg BT 165.44 287.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 178.44 287.90 Td (2017.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 270.50 Td (Financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 253.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 253.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 81.27 253.10 Td (income ) Tj ET Q q 0 0 0 rg BT 108.03 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.67 253.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 177.14 253.10 Td (income ) Tj ET Q q 0 0 0 rg BT 203.90 253.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 219.40 253.10 Td ($49.7 ) Tj ET Q q 0 0 0 rg BT 240.54 253.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 262.62 253.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.43 253.10 Td (an ) Tj ET Q q 0 0 0 rg BT 276.74 253.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 307.83 253.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.97 253.10 Td ($13.3 ) Tj ET Q q 0 0 0 rg BT 337.12 253.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.19 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.84 253.10 Td (over ) Tj ET Q q 0 0 0 rg BT 377.64 253.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 398.78 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.32 253.10 Td (This ) Tj ET Q q 0 0 0 rg BT 416.69 253.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 447.78 253.10 Td (is ) Tj ET Q q 0 0 0 rg BT 455.05 253.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 486.12 253.10 Td (related ) Tj ET Q q 0 0 0 rg BT 511.59 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.73 253.10 Td (increased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 241.70 Td (property ) Tj ET Q q 0 0 0 rg BT 98.06 241.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 132.52 241.70 Td (income ) Tj ET Q q 0 0 0 rg BT 159.62 241.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 168.10 241.70 Td ($14.1 ) Tj ET Q q 0 0 0 rg BT 189.57 241.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 211.65 241.70 Td ( ) Tj ET Q q 0 0 0 rg BT 213.63 241.70 Td (from ) Tj ET Q q 0 0 0 rg BT 231.19 241.70 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 273.88 241.70 Td (in ) Tj ET Q q 0 0 0 rg BT 281.92 241.70 Td (the ) Tj ET Q q 0 0 0 rg BT 294.73 241.70 Td (Greater ) Tj ET Q q 0 0 0 rg BT 323.00 241.70 Td (T) Tj ET Q q 0 0 0 rg BT 326.90 241.70 Td (oronto ) Tj ET Q q 0 0 0 rg BT 350.58 241.70 Td (Area ) Tj ET Q q 0 0 0 rg BT 369.01 241.70 Td (and ) Tj ET Q q 0 0 0 rg BT 383.99 241.70 Td (Fredericton ) Tj ET Q q 0 0 0 rg BT 425.37 241.70 Td (as ) Tj ET Q q 0 0 0 rg BT 435.58 241.70 Td (well ) Tj ET Q q 0 0 0 rg BT 450.97 241.70 Td (as ) Tj ET Q q 0 0 0 rg BT 461.18 241.70 Td (positive ) Tj ET Q q 0 0 0 rg BT 489.58 241.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 516.25 241.70 Td (throughout ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 230.30 Td (the ) Tj ET Q q 0 0 0 rg BT 80.50 230.30 Td (portfolio. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 212.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 212.90 Td (Net ) Tj ET Q q 0 0 0 rg BT 82.18 212.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 117.23 212.90 Td (income ) Tj ET Q q 0 0 0 rg BT 144.91 212.90 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 161.32 212.90 Td ($68.8 ) Tj ET Q q 0 0 0 rg BT 183.38 212.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 205.46 212.90 Td ( ) Tj ET Q q 0 0 0 rg BT 208.02 212.90 Td (for ) Tj ET Q q 0 0 0 rg BT 219.68 212.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 233.07 212.90 Td (year ) Tj ET Q q 0 0 0 rg BT 250.79 212.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 275.02 212.90 Td (December ) Tj ET Q q 0 0 0 rg BT 313.51 212.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 326.91 212.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 344.24 212.90 Td (, ) Tj ET Q q 0 0 0 rg BT 348.96 212.90 Td (representing ) Tj ET Q q 0 0 0 rg BT 394.84 212.90 Td (an ) Tj ET Q q 0 0 0 rg BT 406.06 212.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 438.07 212.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 447.14 212.90 Td ($14.8 ) Tj ET Q q 0 0 0 rg BT 469.19 212.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 491.27 212.90 Td ( ) Tj ET Q q 0 0 0 rg BT 493.83 212.90 Td (over ) Tj ET Q q 0 0 0 rg BT 511.55 212.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 531.45 212.90 Td (due ) Tj ET Q q 0 0 0 rg BT 547.01 212.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 201.50 Td (positive ) Tj ET Q q 0 0 0 rg BT 96.08 201.50 Td (leasing ) Tj ET Q q 0 0 0 rg BT 122.94 201.50 Td (activity ) Tj ET Q q 0 0 0 rg BT 148.92 201.50 Td (and ) Tj ET Q q 0 0 0 rg BT 164.08 201.50 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 206.96 201.50 Td (throughout ) Tj ET Q q 0 0 0 rg BT 246.38 201.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 265.88 201.50 Td (and ) Tj ET Q q 0 0 0 rg BT 281.04 201.50 Td (2017.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 184.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 184.10 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 90.04 184.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 105.65 184.10 Td ($39.7 ) Tj ET Q q 0 0 0 rg BT 126.91 184.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 148.99 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.75 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 161.60 184.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 174.20 184.10 Td (year ) Tj ET Q q 0 0 0 rg BT 191.12 184.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 214.54 184.10 Td (December ) Tj ET Q q 0 0 0 rg BT 252.23 184.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 264.83 184.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.16 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.92 184.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 328.99 184.10 Td (an ) Tj ET Q q 0 0 0 rg BT 339.42 184.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 370.63 184.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.89 184.10 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 395.81 184.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.89 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.65 184.10 Td (over ) Tj ET Q q 0 0 0 rg BT 436.57 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.16 184.10 Td (same ) Tj ET Q q 0 0 0 rg BT 469.98 184.10 Td (period ) Tj ET Q q 0 0 0 rg BT 493.39 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.22 184.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 522.48 184.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 551.34 184.10 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 172.70 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 104.16 172.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 119.62 172.70 Td ($46.7 ) Tj ET Q q 0 0 0 rg BT 140.72 172.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 162.79 172.70 Td (, ) Tj ET Q q 0 0 0 rg BT 166.57 172.70 Td (which ) Tj ET Q q 0 0 0 rg BT 188.08 172.70 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 195.32 172.70 Td ($6.7 ) Tj ET Q q 0 0 0 rg BT 212.09 172.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 234.16 172.70 Td ( ) Tj ET Q q 0 0 0 rg BT 235.77 172.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 262.06 172.70 Td (than ) Tj ET Q q 0 0 0 rg BT 278.82 172.70 Td (the ) Tj ET Q q 0 0 0 rg BT 291.26 172.70 Td (same ) Tj ET Q q 0 0 0 rg BT 311.92 172.70 Td (period ) Tj ET Q q 0 0 0 rg BT 335.18 172.70 Td (in ) Tj ET Q q 0 0 0 rg BT 342.84 172.70 Td (2016. ) Tj ET Q q 0 0 0 rg BT 366.01 172.70 Td (These ) Tj ET Q q 0 0 0 rg BT 389.27 172.70 Td (increases ) Tj ET Q q 0 0 0 rg BT 424.22 172.70 Td (are ) Tj ET Q q 0 0 0 rg BT 437.08 172.70 Td (attributable ) Tj ET Q q 0 0 0 rg BT 477.24 172.70 Td (to ) Tj ET Q q 0 0 0 rg BT 485.34 172.70 Td (the ) Tj ET Q q 0 0 0 rg BT 497.78 172.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 513.23 172.70 Td (contribution ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 161.30 Td (from ) Tj ET Q q 0 0 0 rg BT 85.25 161.30 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 128.13 161.30 Td (of) Tj ET Q q 0 0 0 rg BT 134.49 161.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 149.22 161.30 Td (by ) Tj ET Q q 0 0 0 rg BT 159.61 161.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 183.43 161.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 211.15 161.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 242.77 161.30 Td (from ) Tj ET Q q 0 0 0 rg BT 260.52 161.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 277.85 161.30 Td (required ) Tj ET Q q 0 0 0 rg BT 308.60 161.30 Td (to ) Tj ET Q q 0 0 0 rg BT 317.26 161.30 Td (finance ) Tj ET Q q 0 0 0 rg BT 344.55 161.30 Td (acquisitions.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 143.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 143.90 Td (The ) Tj ET Q q 0 0 0 rg BT 82.81 143.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 105.94 143.90 Td (payout ) Tj ET Q q 0 0 0 rg BT 131.68 143.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 149.18 143.90 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 165.38 143.90 Td (109.8%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 191.80 143.90 Td ( ) Tj ET Q q 0 0 0 rg BT 194.15 143.90 Td (for ) Tj ET Q q 0 0 0 rg BT 205.59 143.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.77 143.90 Td (year ) Tj ET Q q 0 0 0 rg BT 236.28 143.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 260.29 143.90 Td (December ) Tj ET Q q 0 0 0 rg BT 298.57 143.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 311.75 143.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.08 143.90 Td ( ) Tj ET Q q 0 0 0 rg BT 331.43 143.90 Td (which ) Tj ET Q q 0 0 0 rg BT 353.69 143.90 Td (has ) Tj ET Q q 0 0 0 rg BT 368.60 143.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 404.73 143.90 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 422.66 143.90 Td (87.6%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.75 143.90 Td ( ) Tj ET Q q 0 0 0 rg BT 447.10 143.90 Td (in ) Tj ET Q q 0 0 0 rg BT 455.51 143.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 477.21 143.90 Td (The ) Tj ET Q q 0 0 0 rg BT 492.98 143.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 524.78 143.90 Td (in ) Tj ET Q q 0 0 0 rg BT 532.72 143.90 Td (AFFO ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 132.50 Td (payout ) Tj ET Q q 0 0 0 rg BT 92.69 132.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 109.65 132.50 Td (is ) Tj ET Q q 0 0 0 rg BT 117.08 132.50 Td (attributable ) Tj ET Q q 0 0 0 rg BT 157.43 132.50 Td (to ) Tj ET Q q 0 0 0 rg BT 165.72 132.50 Td (the ) Tj ET Q q 0 0 0 rg BT 178.36 132.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 200.95 132.50 Td (of) Tj ET Q q 0 0 0 rg BT 207.31 132.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 228.60 132.50 Td (in ) Tj ET Q q 0 0 0 rg BT 236.46 132.50 Td (March ) Tj ET Q q 0 0 0 rg BT 259.91 132.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 281.21 132.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 304.66 132.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 332.01 132.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 363.27 132.50 Td (in ) Tj ET Q q 0 0 0 rg BT 371.13 132.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 390.26 132.50 Td (from ) Tj ET Q q 0 0 0 rg BT 407.64 132.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 434.99 132.50 Td (on ) Tj ET Q q 0 0 0 rg BT 445.46 132.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 462.42 132.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 495.41 132.50 Td (from ) Tj ET Q q 0 0 0 rg BT 512.79 132.50 Td (acquisitions ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 82.66 121.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 106.48 121.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 134.20 121.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 155.86 121.10 Td (as ) Tj ET Q q 0 0 0 rg BT 166.25 121.10 Td (well ) Tj ET Q q 0 0 0 rg BT 181.83 121.10 Td (as ) Tj ET Q q 0 0 0 rg BT 192.23 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.73 121.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 225.58 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.81 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.81 121.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 288.40 121.10 Td (income ) Tj ET Q q 0 0 0 rg BT 315.68 121.10 Td (supplement ) Tj ET Q q 0 0 0 rg BT 358.12 121.10 Td (from ) Tj ET Q q 0 0 0 rg BT 375.87 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.87 121.10 Td (head ) Tj ET Q q 0 0 0 rg BT 408.36 121.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 429.16 121.10 Td (expiry ) Tj ET Q q 0 0 0 rg BT 452.10 121.10 Td (at ) Tj ET Q q 0 0 0 rg BT 460.77 121.10 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 482.41 121.10 Td (Place.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 103.70 Td (Redevelopment) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 86.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 86.30 Td (During ) Tj ET Q q 0 0 0 rg BT 92.85 86.30 Td (the ) Tj ET Q q 0 0 0 rg BT 106.08 86.30 Td (third ) Tj ET Q q 0 0 0 rg BT 123.64 86.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 150.73 86.30 Td (of ) Tj ET Q q 0 0 0 rg BT 159.63 86.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 181.53 86.30 Td (the ) Tj ET Q q 0 0 0 rg BT 194.76 86.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 220.30 86.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 274.24 86.30 Td (of ) Tj ET Q q 0 0 0 rg BT 283.14 86.30 Td (2285 ) Tj ET Q q 0 0 0 rg BT 302.88 86.30 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 342.52 86.30 Td (Drive ) Tj ET Q q 0 0 0 rg BT 363.10 86.30 Td (was ) Tj ET Q q 0 0 0 rg BT 379.36 86.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 417.71 86.30 Td (with ) Tj ET Q q 0 0 0 rg BT 433.96 86.30 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 480.08 86.30 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 509.33 86.30 Td (commencing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 74.90 Td (fixturing ) Tj ET Q q 0 0 0 rg BT 96.69 74.90 Td (in ) Tj ET Q q 0 0 0 rg BT 104.66 74.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 146.85 74.90 Td (with ) Tj ET Q q 0 0 0 rg BT 162.61 74.90 Td (the ) Tj ET Q q 0 0 0 rg BT 175.35 74.90 Td (property ) Tj ET Q q 0 0 0 rg BT 205.83 74.90 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 259.28 74.90 Td (plan. ) Tj ET Q q 0 0 0 rg BT 278.08 74.90 Td (Rent ) Tj ET Q q 0 0 0 rg BT 296.44 74.90 Td (commenced ) Tj ET Q q 0 0 0 rg BT 340.79 74.90 Td (in ) Tj ET Q q 0 0 0 rg BT 348.76 74.90 Td (January ) Tj ET Q q 0 0 0 rg BT 378.38 74.90 Td (2018 ) Tj ET Q q 0 0 0 rg BT 397.62 74.90 Td (at ) Tj ET Q q 0 0 0 rg BT 406.03 74.90 Td (2285 ) Tj ET Q q 0 0 0 rg BT 425.27 74.90 Td (Speakman. ) Tj ET Q q 0 0 0 rg BT 466.58 74.90 Td ( ) Tj ET Q q 0 0 0 rg BT 468.37 74.90 Td (This ) Tj ET Q q 0 0 0 rg BT 485.00 74.90 Td (is ) Tj ET Q q 0 0 0 rg BT 492.54 74.90 Td (a ) Tj ET Q q 0 0 0 rg BT 498.78 74.90 Td (major ) Tj ET Q q 0 0 0 rg BT 520.16 74.90 Td (milestone ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 63.50 Td (for ) Tj ET Q q 0 0 0 rg BT 78.91 63.50 Td (the ) Tj ET Q q 0 0 0 rg BT 92.06 63.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 109.67 63.50 Td ( ) Tj ET Q q 0 0 0 rg BT 111.99 63.50 Td (and ) Tj ET Q q 0 0 0 rg BT 127.31 63.50 Td (the ) Tj ET Q q 0 0 0 rg BT 140.46 63.50 Td (completion ) Tj ET Q q 0 0 0 rg BT 180.46 63.50 Td (of ) Tj ET Q q 0 0 0 rg BT 189.28 63.50 Td (Mississauga's ) Tj ET Q q 0 0 0 rg BT 239.85 63.50 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 273.35 63.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 307.29 63.50 Td (Park. ) Tj ET Q q 0 0 0 rg BT 327.79 63.50 Td (In ) Tj ET Q q 0 0 0 rg BT 336.61 63.50 Td (the ) Tj ET Q q 0 0 0 rg BT 349.76 63.50 Td (fourth ) Tj ET Q q 0 0 0 rg BT 372.00 63.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 396.26 63.50 Td (, ) Tj ET Q q 0 0 0 rg BT 400.75 63.50 Td (2285 ) Tj ET Q q 0 0 0 rg BT 420.40 63.50 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 459.96 63.50 Td (Drive ) Tj ET Q q 0 0 0 rg BT 480.46 63.50 Td (was ) Tj ET Q q 0 0 0 rg BT 496.63 63.50 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 537.92 63.50 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 52.10 Td (a ) Tj ET Q q 0 0 0 rg BT 74.64 52.10 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 128.98 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.29 52.10 Td (an ) Tj ET Q q 0 0 0 rg BT 149.76 52.10 Td (income ) Tj ET Q q 0 0 0 rg BT 177.68 52.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 214.70 52.10 Td (property ) Tj ET Q q 0 0 0 rg BT 246.08 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.89 52.10 Td (2599 ) Tj ET Q q 0 0 0 rg BT 282.02 52.10 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 322.07 52.10 Td (Drive ) Tj ET Q q 0 0 0 rg BT 343.05 52.10 Td (was ) Tj ET Q q 0 0 0 rg BT 359.71 52.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 401.48 52.10 Td (as ) Tj ET Q q 0 0 0 rg BT 412.52 52.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.66 52.10 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 474.00 52.10 Td (property) Tj ET Q q 0 0 0 rg BT 502.01 52.10 Td (. ) Tj ET Q q 0 0 0 rg BT 506.98 52.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.79 52.10 Td (SNC-Lavalin ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 31.95 Td (Page 6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 742.10 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 96.73 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 109.93 742.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 141.77 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.66 742.10 Td (occupy ) Tj ET Q q 0 0 0 rg BT 177.73 742.10 Td (2599 ) Tj ET Q q 0 0 0 rg BT 197.45 742.10 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 237.08 742.10 Td (Drive ) Tj ET Q q 0 0 0 rg BT 257.64 742.10 Td (until ) Tj ET Q q 0 0 0 rg BT 274.32 742.10 Td (February ) Tj ET Q q 0 0 0 rg BT 307.88 742.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 329.76 742.10 Td (when ) Tj ET Q q 0 0 0 rg BT 350.77 742.10 Td (they ) Tj ET Q q 0 0 0 rg BT 367.88 742.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 393.22 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.11 742.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 436.11 742.10 Td (their ) Tj ET Q q 0 0 0 rg BT 453.65 742.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 487.65 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.54 742.10 Td (2285 ) Tj ET Q q 0 0 0 rg BT 516.26 742.10 Td (Speakman ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 730.70 Td (Drive. ) Tj ET Q q 0 0 0 rg BT 90.01 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 92.17 730.70 Td (W) Tj ET Q q 0 0 0 rg BT 99.39 730.70 Td (e ) Tj ET Q q 0 0 0 rg BT 105.89 730.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 137.51 730.70 Td (to ) Tj ET Q q 0 0 0 rg BT 146.18 730.70 Td (engage ) Tj ET Q q 0 0 0 rg BT 174.34 730.70 Td (in ) Tj ET Q q 0 0 0 rg BT 182.57 730.70 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 222.83 730.70 Td (discussions ) Tj ET Q q 0 0 0 rg BT 265.27 730.70 Td (with ) Tj ET Q q 0 0 0 rg BT 281.29 730.70 Td (prospective ) Tj ET Q q 0 0 0 rg BT 323.30 730.70 Td (tenants ) Tj ET Q q 0 0 0 rg BT 351.02 730.70 Td (regarding ) Tj ET Q q 0 0 0 rg BT 386.10 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 399.10 730.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 425.95 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 434.62 730.70 Td (2599 ) Tj ET Q q 0 0 0 rg BT 454.12 730.70 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 493.53 730.70 Td (Drive.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (Financing ) Tj ET Q q 0 0 0 rg BT 88.46 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 104.48 713.30 Td (Re-financing ) Tj ET Q q 0 0 0 rg BT 153.82 713.30 Td (Proceeds) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 695.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 695.90 Td (During ) Tj ET Q q 0 0 0 rg BT 92.90 695.90 Td (the ) Tj ET Q q 0 0 0 rg BT 106.18 695.90 Td (year) Tj ET Q q 0 0 0 rg BT 120.91 695.90 Td (, ) Tj ET Q q 0 0 0 rg BT 125.53 695.90 Td (the ) Tj ET Q q 0 0 0 rg BT 138.81 695.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 156.42 695.90 Td ( ) Tj ET Q q 0 0 0 rg BT 158.87 695.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 197.27 695.90 Td (a ) Tj ET Q q 0 0 0 rg BT 204.05 695.90 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 244.62 695.90 Td (and ) Tj ET Q q 0 0 0 rg BT 260.07 695.90 Td (extension ) Tj ET Q q 0 0 0 rg BT 295.87 695.90 Td (of ) Tj ET Q q 0 0 0 rg BT 304.82 695.90 Td (the ) Tj ET Q q 0 0 0 rg BT 318.11 695.90 Td (recently ) Tj ET Q q 0 0 0 rg BT 347.84 695.90 Td (acquired ) Tj ET Q q 0 0 0 rg BT 380.17 695.90 Td (W) Tj ET Q q 0 0 0 rg BT 387.39 695.90 Td (est ) Tj ET Q q 0 0 0 rg BT 400.24 695.90 Td (Metro ) Tj ET Q q 0 0 0 rg BT 422.61 695.90 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 459.70 695.90 Td (Centre. ) Tj ET Q q 0 0 0 rg BT 489.71 695.90 Td (The ) Tj ET Q q 0 0 0 rg BT 505.59 695.90 Td (new ) Tj ET Q q 0 0 0 rg BT 522.32 695.90 Td (financing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 684.50 Td (has ) Tj ET Q q 0 0 0 rg BT 82.13 684.50 Td (a ) Tj ET Q q 0 0 0 rg BT 88.54 684.50 Td (term ) Tj ET Q q 0 0 0 rg BT 106.19 684.50 Td (of ) Tj ET Q q 0 0 0 rg BT 114.76 684.50 Td (4 ) Tj ET Q q 0 0 0 rg BT 121.16 684.50 Td (years ) Tj ET Q q 0 0 0 rg BT 142.29 684.50 Td (and ) Tj ET Q q 0 0 0 rg BT 157.36 684.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 189.31 684.50 Td (an ) Tj ET Q q 0 0 0 rg BT 200.05 684.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 235.47 684.50 Td ($20.0 ) Tj ET Q q 0 0 0 rg BT 257.04 684.50 Td (million ) Tj ET Q q 0 0 0 rg BT 281.19 684.50 Td (in ) Tj ET Q q 0 0 0 rg BT 289.32 684.50 Td (proceeds, ) Tj ET Q q 0 0 0 rg BT 325.61 684.50 Td (which ) Tj ET Q q 0 0 0 rg BT 347.59 684.50 Td (were ) Tj ET Q q 0 0 0 rg BT 366.54 684.50 Td (used ) Tj ET Q q 0 0 0 rg BT 385.51 684.50 Td (to ) Tj ET Q q 0 0 0 rg BT 394.08 684.50 Td (reduce ) Tj ET Q q 0 0 0 rg BT 419.97 684.50 Td (the ) Tj ET Q q 0 0 0 rg BT 432.87 684.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 458.08 684.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 479.20 684.50 Td (facilities ) Tj ET Q q 0 0 0 rg BT 508.99 684.50 Td (and ) Tj ET Q q 0 0 0 rg BT 524.05 684.50 Td (increase ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 673.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 92.91 673.10 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 655.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 655.70 Td (The ) Tj ET Q q 0 0 0 rg BT 83.48 655.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 101.09 655.70 Td ( ) Tj ET Q q 0 0 0 rg BT 103.65 655.70 Td (also ) Tj ET Q q 0 0 0 rg BT 120.51 655.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 159.01 655.70 Td (the ) Tj ET Q q 0 0 0 rg BT 172.40 655.70 Td (renewal ) Tj ET Q q 0 0 0 rg BT 202.24 655.70 Td (of ) Tj ET Q q 0 0 0 rg BT 211.30 655.70 Td (a ) Tj ET Q q 0 0 0 rg BT 218.19 655.70 Td ($105.0 ) Tj ET Q q 0 0 0 rg BT 244.58 655.70 Td (million ) Tj ET Q q 0 0 0 rg BT 269.22 655.70 Td (term ) Tj ET Q q 0 0 0 rg BT 287.36 655.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 304.65 655.70 Td (due ) Tj ET Q q 0 0 0 rg BT 320.20 655.70 Td (June ) Tj ET Q q 0 0 0 rg BT 339.66 655.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 353.05 655.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 374.95 655.70 Td (The ) Tj ET Q q 0 0 0 rg BT 390.93 655.70 Td (renewal ) Tj ET Q q 0 0 0 rg BT 420.77 655.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 453.21 655.70 Td (for ) Tj ET Q q 0 0 0 rg BT 464.86 655.70 Td (the ) Tj ET Q q 0 0 0 rg BT 478.25 655.70 Td (extension ) Tj ET Q q 0 0 0 rg BT 514.17 655.70 Td (to ) Tj ET Q q 0 0 0 rg BT 523.23 655.70 Td (June ) Tj ET Q q 0 0 0 rg BT 542.68 655.70 Td (30, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 644.30 Td (2019 ) Tj ET Q q 0 0 0 rg BT 86.91 644.30 Td (and ) Tj ET Q q 0 0 0 rg BT 101.99 644.30 Td (an ) Tj ET Q q 0 0 0 rg BT 112.74 644.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 144.27 644.30 Td (in ) Tj ET Q q 0 0 0 rg BT 152.42 644.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.33 644.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 193.40 644.30 Td (to ) Tj ET Q q 0 0 0 rg BT 201.98 644.30 Td ($120.0 ) Tj ET Q q 0 0 0 rg BT 227.90 644.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 254.09 644.30 Td (The ) Tj ET Q q 0 0 0 rg BT 269.60 644.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 305.04 644.30 Td ($15.0 ) Tj ET Q q 0 0 0 rg BT 326.61 644.30 Td (million ) Tj ET Q q 0 0 0 rg BT 350.77 644.30 Td (of ) Tj ET Q q 0 0 0 rg BT 359.36 644.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 392.63 644.30 Td (was ) Tj ET Q q 0 0 0 rg BT 408.56 644.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 440.53 644.30 Td (in ) Tj ET Q q 0 0 0 rg BT 448.67 644.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 476.31 644.30 Td (of ) Tj ET Q q 0 0 0 rg BT 484.89 644.30 Td (250 ) Tj ET Q q 0 0 0 rg BT 499.97 644.30 Td (King ) Tj ET Q q 0 0 0 rg BT 517.64 644.30 Td (Street ) Tj ET Q q 0 0 0 rg BT 540.51 644.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 632.90 Td (460 ) Tj ET Q q 0 0 0 rg BT 82.22 632.90 Td (T) Tj ET Q q 0 0 0 rg BT 86.55 632.90 Td (wo ) Tj ET Q q 0 0 0 rg BT 98.33 632.90 Td (Nations ) Tj ET Q q 0 0 0 rg BT 126.58 632.90 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 159.15 632.90 Td (in ) Tj ET Q q 0 0 0 rg BT 167.04 632.90 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 210.44 632.90 Td (NB ) Tj ET Q q 0 0 0 rg BT 223.09 632.90 Td (which ) Tj ET Q q 0 0 0 rg BT 244.84 632.90 Td (were ) Tj ET Q q 0 0 0 rg BT 263.55 632.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 295.27 632.90 Td (as ) Tj ET Q q 0 0 0 rg BT 305.33 632.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 340.51 632.90 Td (security ) Tj ET Q q 0 0 0 rg BT 369.19 632.90 Td (for ) Tj ET Q q 0 0 0 rg BT 380.11 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 392.78 632.90 Td (loan. ) Tj ET Q q 0 0 0 rg BT 411.39 632.90 Td (The ) Tj ET Q q 0 0 0 rg BT 426.65 632.90 Td (loan-to-value ) Tj ET Q q 0 0 0 rg BT 473.52 632.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 490.50 632.90 Td (achieved ) Tj ET Q q 0 0 0 rg BT 523.52 632.90 Td (for ) Tj ET Q q 0 0 0 rg BT 534.45 632.90 Td (these ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 621.50 Td (two ) Tj ET Q q 0 0 0 rg BT 81.79 621.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 106.48 621.50 Td (were ) Tj ET Q q 0 0 0 rg BT 125.52 621.50 Td (in ) Tj ET Q q 0 0 0 rg BT 133.75 621.50 Td (excess ) Tj ET Q q 0 0 0 rg BT 160.17 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 168.83 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 181.83 621.50 Td (management's ) Tj ET Q q 0 0 0 rg BT 234.86 621.50 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 279.46 621.50 Td (expectations ) Tj ET Q q 0 0 0 rg BT 325.38 621.50 Td (for ) Tj ET Q q 0 0 0 rg BT 336.63 621.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 369.99 621.50 Td (on ) Tj ET Q q 0 0 0 rg BT 380.82 621.50 Td (acquisition.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 604.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 604.10 Td (On ) Tj ET Q q 0 0 0 rg BT 79.58 604.10 Td (September ) Tj ET Q q 0 0 0 rg BT 119.37 604.10 Td (29, ) Tj ET Q q 0 0 0 rg BT 131.88 604.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 153.06 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.57 604.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 183.18 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.86 604.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 222.49 604.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.51 604.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 263.10 604.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.45 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.96 604.10 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 317.10 604.10 Td (Building ) Tj ET Q q 0 0 0 rg BT 346.50 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.24 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.76 604.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 394.43 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.61 604.10 Td ($40.0 ) Tj ET Q q 0 0 0 rg BT 423.79 604.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 449.71 604.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 481.70 604.10 Td (September ) Tj ET Q q 0 0 0 rg BT 521.49 604.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 534.01 604.10 Td (2020. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 592.70 Td (In ) Tj ET Q q 0 0 0 rg BT 76.17 592.70 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 117.75 592.70 Td (with ) Tj ET Q q 0 0 0 rg BT 133.77 592.70 Td (this ) Tj ET Q q 0 0 0 rg BT 148.06 592.70 Td (refinancing, ) Tj ET Q q 0 0 0 rg BT 190.50 592.70 Td (the ) Tj ET Q q 0 0 0 rg BT 203.50 592.70 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 235.12 592.70 Td (Building ) Tj ET Q q 0 0 0 rg BT 265.01 592.70 Td (was ) Tj ET Q q 0 0 0 rg BT 281.02 592.70 Td (removed ) Tj ET Q q 0 0 0 rg BT 313.50 592.70 Td (as ) Tj ET Q q 0 0 0 rg BT 323.90 592.70 Td (a ) Tj ET Q q 0 0 0 rg BT 330.40 592.70 Td (secured ) Tj ET Q q 0 0 0 rg BT 360.28 592.70 Td (property ) Tj ET Q q 0 0 0 rg BT 391.02 592.70 Td (from ) Tj ET Q q 0 0 0 rg BT 408.77 592.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.77 592.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 447.07 592.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 480.41 592.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 515.07 592.70 Td (facility) Tj ET Q q 0 0 0 rg BT 536.15 592.70 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 575.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 575.30 Td (On ) Tj ET Q q 0 0 0 rg BT 79.98 575.30 Td (November ) Tj ET Q q 0 0 0 rg BT 118.00 575.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 130.92 575.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 152.51 575.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.43 575.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 183.04 575.30 Td ( ) Tj ET Q q 0 0 0 rg BT 185.13 575.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 223.16 575.30 Td (a ) Tj ET Q q 0 0 0 rg BT 229.58 575.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 262.86 575.30 Td (of ) Tj ET Q q 0 0 0 rg BT 271.44 575.30 Td (a ) Tj ET Q q 0 0 0 rg BT 277.86 575.30 Td ($13.0 ) Tj ET Q q 0 0 0 rg BT 299.45 575.30 Td (million ) Tj ET Q q 0 0 0 rg BT 323.61 575.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 358.61 575.30 Td (on ) Tj ET Q q 0 0 0 rg BT 369.37 575.30 Td (1) Tj ET Q q 0 0 0 rg BT 373.13 575.30 Td (14 ) Tj ET Q q 0 0 0 rg BT 383.88 575.30 Td (Garry ) Tj ET Q q 0 0 0 rg BT 405.45 575.30 Td (Street, ) Tj ET Q q 0 0 0 rg BT 430.49 575.30 Td (maturing ) Tj ET Q q 0 0 0 rg BT 462.89 575.30 Td (on ) Tj ET Q q 0 0 0 rg BT 473.64 575.30 Td (December ) Tj ET Q q 0 0 0 rg BT 511.66 575.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 520.25 575.30 Td (2027 ) Tj ET Q q 0 0 0 rg BT 539.67 575.30 Td (with ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 563.90 Td (a ) Tj ET Q q 0 0 0 rg BT 73.92 563.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 92.46 563.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 120.09 563.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 135.60 563.90 Td (of ) Tj ET Q q 0 0 0 rg BT 144.19 563.90 Td (3.34%. ) Tj ET Q q 0 0 0 rg BT 170.53 563.90 Td (Concurrent ) Tj ET Q q 0 0 0 rg BT 211.14 563.90 Td (with ) Tj ET Q q 0 0 0 rg BT 227.08 563.90 Td (this ) Tj ET Q q 0 0 0 rg BT 241.29 563.90 Td (refinancing, ) Tj ET Q q 0 0 0 rg BT 283.65 563.90 Td (this ) Tj ET Q q 0 0 0 rg BT 297.86 563.90 Td (building ) Tj ET Q q 0 0 0 rg BT 326.80 563.90 Td (was ) Tj ET Q q 0 0 0 rg BT 342.74 563.90 Td (removed ) Tj ET Q q 0 0 0 rg BT 375.13 563.90 Td (as ) Tj ET Q q 0 0 0 rg BT 385.44 563.90 Td (a ) Tj ET Q q 0 0 0 rg BT 391.86 563.90 Td (secured ) Tj ET Q q 0 0 0 rg BT 421.66 563.90 Td (property ) Tj ET Q q 0 0 0 rg BT 452.32 563.90 Td (on ) Tj ET Q q 0 0 0 rg BT 463.07 563.90 Td (the ) Tj ET Q q 0 0 0 rg BT 475.99 563.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 501.20 563.90 Td (revolving ) Tj ET Q q 0 0 0 rg BT 534.47 563.90 Td (credit ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 552.50 Td (facility) Tj ET Q q 0 0 0 rg BT 88.58 552.50 Td (, ) Tj ET Q q 0 0 0 rg BT 92.91 552.50 Td (the ) Tj ET Q q 0 0 0 rg BT 105.91 552.50 Td (agreement ) Tj ET Q q 0 0 0 rg BT 145.32 552.50 Td (for ) Tj ET Q q 0 0 0 rg BT 156.58 552.50 Td (which ) Tj ET Q q 0 0 0 rg BT 178.66 552.50 Td (was ) Tj ET Q q 0 0 0 rg BT 194.68 552.50 Td (also ) Tj ET Q q 0 0 0 rg BT 211.14 552.50 Td (amended ) Tj ET Q q 0 0 0 rg BT 245.79 552.50 Td (for ) Tj ET Q q 0 0 0 rg BT 257.05 552.50 Td (total ) Tj ET Q q 0 0 0 rg BT 273.94 552.50 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 310.31 552.50 Td (capacity ) Tj ET Q q 0 0 0 rg BT 341.06 552.50 Td (of ) Tj ET Q q 0 0 0 rg BT 349.73 552.50 Td ($37.0 ) Tj ET Q q 0 0 0 rg BT 371.39 552.50 Td (million ) Tj ET Q q 0 0 0 rg BT 395.63 552.50 Td (expiring ) Tj ET Q q 0 0 0 rg BT 425.08 552.50 Td (on ) Tj ET Q q 0 0 0 rg BT 435.91 552.50 Td (November ) Tj ET Q q 0 0 0 rg BT 474.01 552.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 487.01 552.50 Td (2019.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 535.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 535.10 Td (On ) Tj ET Q q 0 0 0 rg BT 79.88 535.10 Td (February ) Tj ET Q q 0 0 0 rg BT 113.04 535.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 121.52 535.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 143.00 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.82 535.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 173.43 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.41 535.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 207.27 535.10 Td (its ) Tj ET Q q 0 0 0 rg BT 217.05 535.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 250.21 535.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 284.68 535.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 308.32 535.10 Td (extending ) Tj ET Q q 0 0 0 rg BT 344.09 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.90 535.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 386.60 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.08 535.10 Td (February ) Tj ET Q q 0 0 0 rg BT 428.24 535.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 436.72 535.10 Td (2021. ) Tj ET Q q 0 0 0 rg BT 458.08 535.10 Td (The ) Tj ET Q q 0 0 0 rg BT 473.49 535.10 Td (available ) Tj ET Q q 0 0 0 rg BT 506.22 535.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 534.19 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.68 535.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 523.70 Td (amended ) Tj ET Q q 0 0 0 rg BT 102.65 523.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 136.50 523.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 171.65 523.70 Td (facility ) Tj ET Q q 0 0 0 rg BT 195.97 523.70 Td (was ) Tj ET Q q 0 0 0 rg BT 212.49 523.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 248.94 523.70 Td (to ) Tj ET Q q 0 0 0 rg BT 258.10 523.70 Td ($172.0 ) Tj ET Q q 0 0 0 rg BT 284.60 523.70 Td (million ) Tj ET Q q 0 0 0 rg BT 309.34 523.70 Td (and ) Tj ET Q q 0 0 0 rg BT 325.01 523.70 Td (U.S.$56.0 ) Tj ET Q q 0 0 0 rg BT 362.32 523.70 Td (million. ) Tj ET Q q 0 0 0 rg BT 389.24 523.70 Td ( ) Tj ET Q q 0 0 0 rg BT 391.90 523.70 Td (In ) Tj ET Q q 0 0 0 rg BT 401.07 523.70 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 443.15 523.70 Td (with ) Tj ET Q q 0 0 0 rg BT 459.67 523.70 Td (the ) Tj ET Q q 0 0 0 rg BT 473.17 523.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 512.65 523.70 Td (of ) Tj ET Q q 0 0 0 rg BT 521.82 523.70 Td (20 ) Tj ET Q q 0 0 0 rg BT 533.15 523.70 Td (South ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 512.30 Td (Clark, ) Tj ET Q q 0 0 0 rg BT 90.01 512.30 Td (the ) Tj ET Q q 0 0 0 rg BT 103.01 512.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 120.61 512.30 Td ( ) Tj ET Q q 0 0 0 rg BT 122.78 512.30 Td (was ) Tj ET Q q 0 0 0 rg BT 138.80 512.30 Td (advanced ) Tj ET Q q 0 0 0 rg BT 174.75 512.30 Td (U.S.$55.6 ) Tj ET Q q 0 0 0 rg BT 211.57 512.30 Td (million ) Tj ET Q q 0 0 0 rg BT 235.81 512.30 Td (of ) Tj ET Q q 0 0 0 rg BT 244.48 512.30 Td (the ) Tj ET Q q 0 0 0 rg BT 257.47 512.30 Td (US ) Tj ET Q q 0 0 0 rg BT 270.46 512.30 Td (dollar ) Tj ET Q q 0 0 0 rg BT 291.68 512.30 Td (facility) Tj ET Q q 0 0 0 rg BT 312.76 512.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 494.30 Td (On ) Tj ET Q q 0 0 0 rg BT 80.35 494.30 Td (February ) Tj ET Q q 0 0 0 rg BT 113.97 494.30 Td (5, ) Tj ET Q q 0 0 0 rg BT 122.92 494.30 Td (2018 ) Tj ET Q q 0 0 0 rg BT 142.71 494.30 Td (the ) Tj ET Q q 0 0 0 rg BT 155.99 494.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 173.60 494.30 Td ( ) Tj ET Q q 0 0 0 rg BT 176.05 494.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 204.92 494.30 Td (into ) Tj ET Q q 0 0 0 rg BT 219.94 494.30 Td (a ) Tj ET Q q 0 0 0 rg BT 226.72 494.30 Td ($100.0 ) Tj ET Q q 0 0 0 rg BT 253.00 494.30 Td (million ) Tj ET Q q 0 0 0 rg BT 277.53 494.30 Td (notional ) Tj ET Q q 0 0 0 rg BT 307.28 494.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 335.71 494.30 Td (forward ) Tj ET Q q 0 0 0 rg BT 364.14 494.30 Td (starting ) Tj ET Q q 0 0 0 rg BT 392.14 494.30 Td (pay-fixed ) Tj ET Q q 0 0 0 rg BT 426.21 494.30 Td (receive-float ) Tj ET Q q 0 0 0 rg BT 471.10 494.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 499.10 494.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 514.98 494.30 Td (swap. ) Tj ET Q q 0 0 0 rg BT 537.78 494.30 Td ( ) Tj ET Q q 0 0 0 rg BT 540.08 494.30 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 482.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 95.29 482.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 110.96 482.90 Td (swap ) Tj ET Q q 0 0 0 rg BT 131.39 482.90 Td (has ) Tj ET Q q 0 0 0 rg BT 146.20 482.90 Td (a ) Tj ET Q q 0 0 0 rg BT 152.77 482.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 171.47 482.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 187.14 482.90 Td (of ) Tj ET Q q 0 0 0 rg BT 195.88 482.90 Td (2.55%, ) Tj ET Q q 0 0 0 rg BT 222.38 482.90 Td (a ) Tj ET Q q 0 0 0 rg BT 228.96 482.90 Td (start ) Tj ET Q q 0 0 0 rg BT 246.36 482.90 Td (date ) Tj ET Q q 0 0 0 rg BT 263.77 482.90 Td (of ) Tj ET Q q 0 0 0 rg BT 272.51 482.90 Td (June ) Tj ET Q q 0 0 0 rg BT 291.65 482.90 Td (29, ) Tj ET Q q 0 0 0 rg BT 304.72 482.90 Td (2018 ) Tj ET Q q 0 0 0 rg BT 324.30 482.90 Td (and ) Tj ET Q q 0 0 0 rg BT 339.54 482.90 Td (a ) Tj ET Q q 0 0 0 rg BT 346.11 482.90 Td (five ) Tj ET Q q 0 0 0 rg BT 360.48 482.90 Td (year ) Tj ET Q q 0 0 0 rg BT 377.88 482.90 Td (term. ) Tj ET Q q 0 0 0 rg BT 397.73 482.90 Td (This ) Tj ET Q q 0 0 0 rg BT 414.70 482.90 Td (has ) Tj ET Q q 0 0 0 rg BT 429.50 482.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 465.53 482.90 Td (the ) Tj ET Q q 0 0 0 rg BT 478.60 482.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 503.98 482.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 522.68 482.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 538.35 482.90 Td (debt ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 471.50 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 77.90 471.50 Td (12.6%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 99.99 471.50 Td ( ) Tj ET Q q 0 0 0 rg BT 102.15 471.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.82 471.50 Td (44.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 132.91 471.50 Td ( ) Tj ET Q q 0 0 0 rg BT 135.07 471.50 Td (at ) Tj ET Q q 0 0 0 rg BT 143.74 471.50 Td (December ) Tj ET Q q 0 0 0 rg BT 181.84 471.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 194.84 471.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 214.33 471.50 Td (on ) Tj ET Q q 0 0 0 rg BT 225.16 471.50 Td (a ) Tj ET Q q 0 0 0 rg BT 231.66 471.50 Td (proforma ) Tj ET Q q 0 0 0 rg BT 265.00 471.50 Td (basis.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (OUTLOOK) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 436.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 436.70 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 436.70 Td (are ) Tj ET Q q 0 0 0 rg BT 110.99 436.70 Td (some ) Tj ET Q q 0 0 0 rg BT 132.21 436.70 Td (of ) Tj ET Q q 0 0 0 rg BT 140.88 436.70 Td (the ) Tj ET Q q 0 0 0 rg BT 153.87 436.70 Td (more ) Tj ET Q q 0 0 0 rg BT 173.79 436.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 210.60 436.70 Td (items ) Tj ET Q q 0 0 0 rg BT 231.38 436.70 Td (that ) Tj ET Q q 0 0 0 rg BT 246.55 436.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 294.19 436.70 Td (expects ) Tj ET Q q 0 0 0 rg BT 323.21 436.70 Td (will ) Tj ET Q q 0 0 0 rg BT 336.19 436.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 361.30 436.70 Td (the ) Tj ET Q q 0 0 0 rg BT 374.30 436.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 391.91 436.70 Td ( ) Tj ET Q q 0 0 0 rg BT 394.08 436.70 Td (during ) Tj ET Q q 0 0 0 rg BT 417.90 436.70 Td (2018: ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 419.30 Td (Deployment ) Tj ET Q q 0 0 0 rg BT 96.25 419.30 Td (of ) Tj ET Q q 0 0 0 rg BT 105.77 419.30 Td (Capital ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 401.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 401.90 Td (On ) Tj ET Q q 0 0 0 rg BT 80.04 401.90 Td (February ) Tj ET Q q 0 0 0 rg BT 113.35 401.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 122.00 401.90 Td (2018 ) Tj ET Q q 0 0 0 rg BT 141.47 401.90 Td (the ) Tj ET Q q 0 0 0 rg BT 154.44 401.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 172.05 401.90 Td ( ) Tj ET Q q 0 0 0 rg BT 174.20 401.90 Td (executed ) Tj ET Q q 0 0 0 rg BT 207.96 401.90 Td (on ) Tj ET Q q 0 0 0 rg BT 218.77 401.90 Td (its ) Tj ET Q q 0 0 0 rg BT 228.71 401.90 Td (strategy ) Tj ET Q q 0 0 0 rg BT 258.57 401.90 Td (of ) Tj ET Q q 0 0 0 rg BT 267.21 401.90 Td (expanding ) Tj ET Q q 0 0 0 rg BT 305.31 401.90 Td (into ) Tj ET Q q 0 0 0 rg BT 320.01 401.90 Td (the ) Tj ET Q q 0 0 0 rg BT 332.98 401.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 350.28 401.90 Td (with ) Tj ET Q q 0 0 0 rg BT 366.27 401.90 Td (the ) Tj ET Q q 0 0 0 rg BT 379.25 401.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 418.20 401.90 Td (of ) Tj ET Q q 0 0 0 rg BT 426.85 401.90 Td (a ) Tj ET Q q 0 0 0 rg BT 433.32 401.90 Td (31-story ) Tj ET Q q 0 0 0 rg BT 463.61 401.90 Td (379,903 ) Tj ET Q q 0 0 0 rg BT 493.91 401.90 Td (square ) Tj ET Q q 0 0 0 rg BT 519.88 401.90 Td (foot ) Tj ET Q q 0 0 0 rg BT 535.02 401.90 Td (of) Tj ET Q q 0 0 0 rg BT 541.38 401.90 Td (fice ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 390.50 Td (building ) Tj ET Q q 0 0 0 rg BT 97.64 390.50 Td (located ) Tj ET Q q 0 0 0 rg BT 126.05 390.50 Td (at ) Tj ET Q q 0 0 0 rg BT 135.83 390.50 Td (20 ) Tj ET Q q 0 0 0 rg BT 147.78 390.50 Td (South ) Tj ET Q q 0 0 0 rg BT 171.43 390.50 Td (Clark ) Tj ET Q q 0 0 0 rg BT 192.89 390.50 Td (Street ) Tj ET Q q 0 0 0 rg BT 216.96 390.50 Td (in ) Tj ET Q q 0 0 0 rg BT 226.31 390.50 Td (downtown ) Tj ET Q q 0 0 0 rg BT 264.67 390.50 Td (Chicago, ) Tj ET Q q 0 0 0 rg BT 298.70 390.50 Td (Illinois. ) Tj ET Q q 0 0 0 rg BT 325.60 390.50 Td (This ) Tj ET Q q 0 0 0 rg BT 343.60 390.50 Td (building ) Tj ET Q q 0 0 0 rg BT 373.74 390.50 Td (is ) Tj ET Q q 0 0 0 rg BT 382.65 390.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 434.44 390.50 Td (84% ) Tj ET Q q 0 0 0 rg BT 453.32 390.50 Td (occupied ) Tj ET Q q 0 0 0 rg BT 487.79 390.50 Td (with ) Tj ET Q q 0 0 0 rg BT 504.92 390.50 Td (in ) Tj ET Q q 0 0 0 rg BT 514.27 390.50 Td (place ) Tj ET Q q 0 0 0 rg BT 536.18 390.50 Td (rents ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 379.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 115.14 379.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 150.65 379.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.08 379.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 214.74 379.10 Td (18% ) Tj ET Q q 0 0 0 rg BT 232.50 379.10 Td (below ) Tj ET Q q 0 0 0 rg BT 255.01 379.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 283.16 379.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 316.94 379.10 Td (upside ) Tj ET Q q 0 0 0 rg BT 342.06 379.10 Td (opportunity) Tj ET Q q 0 0 0 rg BT 380.04 379.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 361.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 361.70 Td (On ) Tj ET Q q 0 0 0 rg BT 80.31 361.70 Td (January ) Tj ET Q q 0 0 0 rg BT 110.44 361.70 Td (19, ) Tj ET Q q 0 0 0 rg BT 123.69 361.70 Td (2018, ) Tj ET Q q 0 0 0 rg BT 145.60 361.70 Td (the ) Tj ET Q q 0 0 0 rg BT 158.85 361.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 176.46 361.70 Td ( ) Tj ET Q q 0 0 0 rg BT 178.87 361.70 Td (entered ) Tj ET Q q 0 0 0 rg BT 207.71 361.70 Td (into ) Tj ET Q q 0 0 0 rg BT 222.69 361.70 Td (an ) Tj ET Q q 0 0 0 rg BT 233.77 361.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 273.42 361.70 Td (to ) Tj ET Q q 0 0 0 rg BT 282.34 361.70 Td (acquire ) Tj ET Q q 0 0 0 rg BT 310.30 361.70 Td (seven ) Tj ET Q q 0 0 0 rg BT 333.51 361.70 Td (of) Tj ET Q q 0 0 0 rg BT 339.87 361.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 354.42 361.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 391.47 361.70 Td (located ) Tj ET Q q 0 0 0 rg BT 419.01 361.70 Td (in ) Tj ET Q q 0 0 0 rg BT 427.49 361.70 Td (the ) Tj ET Q q 0 0 0 rg BT 440.74 361.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 467.68 361.70 Td (T) Tj ET Q q 0 0 0 rg BT 471.58 361.70 Td (oronto ) Tj ET Q q 0 0 0 rg BT 496.08 361.70 Td (area ) Tj ET Q q 0 0 0 rg BT 514.09 361.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 529.93 361.70 Td ("GT) Tj ET Q q 0 0 0 rg BT 542.95 361.70 Td (A"\) ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 350.30 Td (and ) Tj ET Q q 0 0 0 rg BT 81.98 350.30 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 109.38 350.30 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 140.68 350.30 Td (for ) Tj ET Q q 0 0 0 rg BT 151.62 350.30 Td (an ) Tj ET Q q 0 0 0 rg BT 162.13 350.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 199.07 350.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 232.97 350.30 Td (price ) Tj ET Q q 0 0 0 rg BT 251.70 350.30 Td (of ) Tj ET Q q 0 0 0 rg BT 260.05 350.30 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 264.38 350.30 Td (191.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 283.88 350.30 Td ( ) Tj ET Q q 0 0 0 rg BT 285.72 350.30 Td (million ) Tj ET Q q 0 0 0 rg BT 309.65 350.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 324.92 350.30 Td ("Acquisitions"\). ) Tj ET Q q 0 0 0 rg BT 378.52 350.30 Td (The ) Tj ET Q q 0 0 0 rg BT 393.79 350.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 419.89 350.30 Td (of ) Tj ET Q q 0 0 0 rg BT 428.24 350.30 Td (the ) Tj ET Q q 0 0 0 rg BT 440.55 350.30 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 483.97 350.30 Td (are ) Tj ET Q q 0 0 0 rg BT 497.08 350.30 Td (conditional ) Tj ET Q q 0 0 0 rg BT 536.18 350.30 Td (upon ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 338.90 Td (the ) Tj ET Q q 0 0 0 rg BT 80.92 338.90 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 122.48 338.90 Td (of ) Tj ET Q q 0 0 0 rg BT 131.56 338.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 157.53 338.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 195.20 338.90 Td (including ) Tj ET Q q 0 0 0 rg BT 228.54 338.90 Td (minority ) Tj ET Q q 0 0 0 rg BT 258.39 338.90 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 295.19 338.90 Td (approval ) Tj ET Q q 0 0 0 rg BT 327.66 338.90 Td (at ) Tj ET Q q 0 0 0 rg BT 336.74 338.90 Td (a ) Tj ET Q q 0 0 0 rg BT 343.66 338.90 Td (meeting ) Tj ET Q q 0 0 0 rg BT 373.96 338.90 Td (of ) Tj ET Q q 0 0 0 rg BT 383.04 338.90 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 423.74 338.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 439.75 338.90 Td ("Unitholder ) Tj ET Q q 0 0 0 rg BT 480.60 338.90 Td (Meeting"\). ) Tj ET Q q 0 0 0 rg BT 518.43 338.90 Td (Subject ) Tj ET Q q 0 0 0 rg BT 547.00 338.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 327.50 Td (approval ) Tj ET Q q 0 0 0 rg BT 99.55 327.50 Td (of ) Tj ET Q q 0 0 0 rg BT 108.21 327.50 Td (the ) Tj ET Q q 0 0 0 rg BT 120.79 327.50 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 164.53 327.50 Td (at ) Tj ET Q q 0 0 0 rg BT 173.19 327.50 Td (the ) Tj ET Q q 0 0 0 rg BT 186.19 327.50 Td (Unitholder ) Tj ET Q q 0 0 0 rg BT 223.86 327.50 Td (Meeting, ) Tj ET Q q 0 0 0 rg BT 255.91 327.50 Td (the ) Tj ET Q q 0 0 0 rg BT 268.48 327.50 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 312.22 327.50 Td (are ) Tj ET Q q 0 0 0 rg BT 325.65 327.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 359.43 327.50 Td (to ) Tj ET Q q 0 0 0 rg BT 368.10 327.50 Td (close ) Tj ET Q q 0 0 0 rg BT 388.46 327.50 Td (at ) Tj ET Q q 0 0 0 rg BT 397.12 327.50 Td (the ) Tj ET Q q 0 0 0 rg BT 410.12 327.50 Td (end ) Tj ET Q q 0 0 0 rg BT 425.28 327.50 Td (of ) Tj ET Q q 0 0 0 rg BT 433.95 327.50 Td (March ) Tj ET Q q 0 0 0 rg BT 457.76 327.50 Td (2018. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 310.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 83.09 310.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 122.07 310.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 151.09 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 158.88 310.10 Td (active ) Tj ET Q q 0 0 0 rg BT 181.41 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.57 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.57 310.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 227.18 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.34 310.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 259.22 310.10 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 297.76 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.99 310.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 350.59 310.10 Td (new ) Tj ET Q q 0 0 0 rg BT 367.04 310.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 413.82 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.05 310.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 451.50 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.67 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.66 310.10 Td (U.S. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 292.70 Td (Leasing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 275.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 275.30 Td (Renewal ) Tj ET Q q 0 0 0 rg BT 99.97 275.30 Td (spreads ) Tj ET Q q 0 0 0 rg BT 129.85 275.30 Td (are ) Tj ET Q q 0 0 0 rg BT 143.28 275.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 177.07 275.30 Td (to ) Tj ET Q q 0 0 0 rg BT 185.73 275.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 217.36 275.30 Td (to ) Tj ET Q q 0 0 0 rg BT 226.02 275.30 Td (be ) Tj ET Q q 0 0 0 rg BT 236.85 275.30 Td (strong ) Tj ET Q q 0 0 0 rg BT 260.67 275.30 Td (as ) Tj ET Q q 0 0 0 rg BT 271.07 275.30 Td (the ) Tj ET Q q 0 0 0 rg BT 284.07 275.30 Td (current ) Tj ET Q q 0 0 0 rg BT 310.48 275.30 Td (in ) Tj ET Q q 0 0 0 rg BT 318.71 275.30 Td (place ) Tj ET Q q 0 0 0 rg BT 339.50 275.30 Td (rent ) Tj ET Q q 0 0 0 rg BT 355.09 275.30 Td (is ) Tj ET Q q 0 0 0 rg BT 362.89 275.30 Td (an ) Tj ET Q q 0 0 0 rg BT 373.72 275.30 Td (estimated ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.66 275.30 Td (5.4%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 427.42 275.30 Td ( ) Tj ET Q q 0 0 0 rg BT 429.59 275.30 Td (below ) Tj ET Q q 0 0 0 rg BT 452.10 275.30 Td (market.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 257.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 257.90 Td (At ) Tj ET Q q 0 0 0 rg BT 76.65 257.90 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 108.31 257.90 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 135.65 257.90 Td (Bell ) Tj ET Q q 0 0 0 rg BT 150.07 257.90 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 171.35 257.90 Td (vacated ) Tj ET Q q 0 0 0 rg BT 200.43 257.90 Td (193,861 ) Tj ET Q q 0 0 0 rg BT 230.38 257.90 Td (square ) Tj ET Q q 0 0 0 rg BT 256.00 257.90 Td (feet ) Tj ET Q q 0 0 0 rg BT 270.78 257.90 Td (on ) Tj ET Q q 0 0 0 rg BT 280.89 257.90 Td (April ) Tj ET Q q 0 0 0 rg BT 298.26 257.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 310.88 257.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 330.00 257.90 Td (and ) Tj ET Q q 0 0 0 rg BT 344.79 257.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 392.06 257.90 Td (has ) Tj ET Q q 0 0 0 rg BT 406.41 257.90 Td (been ) Tj ET Q q 0 0 0 rg BT 425.53 257.90 Td (working ) Tj ET Q q 0 0 0 rg BT 454.16 257.90 Td (with ) Tj ET Q q 0 0 0 rg BT 469.80 257.90 Td (existing ) Tj ET Q q 0 0 0 rg BT 498.01 257.90 Td (sub-tenants ) Tj ET Q q 0 0 0 rg BT 540.52 257.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 246.50 Td (new ) Tj ET Q q 0 0 0 rg BT 83.95 246.50 Td (tenants ) Tj ET Q q 0 0 0 rg BT 111.67 246.50 Td (to ) Tj ET Q q 0 0 0 rg BT 120.33 246.50 Td (drive ) Tj ET Q q 0 0 0 rg BT 139.38 246.50 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 178.79 246.50 Td (and ) Tj ET Q q 0 0 0 rg BT 193.94 246.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 209.53 246.50 Td (growth. ) Tj ET Q q 0 0 0 rg BT 237.24 246.50 Td (In ) Tj ET Q q 0 0 0 rg BT 245.90 246.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 267.55 246.50 Td (136,022 ) Tj ET Q q 0 0 0 rg BT 297.88 246.50 Td (square ) Tj ET Q q 0 0 0 rg BT 323.86 246.50 Td (feet ) Tj ET Q q 0 0 0 rg BT 339.02 246.50 Td (of ) Tj ET Q q 0 0 0 rg BT 347.68 246.50 Td (former ) Tj ET Q q 0 0 0 rg BT 372.35 246.50 Td (Bell ) Tj ET Q q 0 0 0 rg BT 387.07 246.50 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 408.72 246.50 Td (space ) Tj ET Q q 0 0 0 rg BT 431.67 246.50 Td (was ) Tj ET Q q 0 0 0 rg BT 447.68 246.50 Td (leased, ) Tj ET Q q 0 0 0 rg BT 474.97 246.50 Td (most ) Tj ET Q q 0 0 0 rg BT 494.01 246.50 Td (notably) Tj ET Q q 0 0 0 rg BT 518.57 246.50 Td (, ) Tj ET Q q 0 0 0 rg BT 522.90 246.50 Td (the ) Tj ET Q q 0 0 0 rg BT 535.89 246.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 553.50 246.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 235.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 106.05 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 112.98 235.10 Td (new ) Tj ET Q q 0 0 0 rg BT 129.87 235.10 Td (5-year ) Tj ET Q q 0 0 0 rg BT 154.55 235.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 175.78 235.10 Td (deal ) Tj ET Q q 0 0 0 rg BT 193.10 235.10 Td (with ) Tj ET Q q 0 0 0 rg BT 209.56 235.10 Td (V) Tj ET Q q 0 0 0 rg BT 214.33 235.10 Td (olta ) Tj ET Q q 0 0 0 rg BT 229.49 235.10 Td (Labs ) Tj ET Q q 0 0 0 rg BT 248.98 235.10 Td (for ) Tj ET Q q 0 0 0 rg BT 260.68 235.10 Td (58,178 ) Tj ET Q q 0 0 0 rg BT 287.11 235.10 Td (square ) Tj ET Q q 0 0 0 rg BT 313.53 235.10 Td (feet, ) Tj ET Q q 0 0 0 rg BT 331.29 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.39 235.10 Td (which ) Tj ET Q q 0 0 0 rg BT 362.91 235.10 Td (18,284 ) Tj ET Q q 0 0 0 rg BT 389.34 235.10 Td (square ) Tj ET Q q 0 0 0 rg BT 415.76 235.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 431.36 235.10 Td (was ) Tj ET Q q 0 0 0 rg BT 447.81 235.10 Td (already ) Tj ET Q q 0 0 0 rg BT 475.96 235.10 Td (being ) Tj ET Q q 0 0 0 rg BT 497.63 235.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 523.18 235.10 Td (by ) Tj ET Q q 0 0 0 rg BT 534.01 235.10 Td (V) Tj ET Q q 0 0 0 rg BT 538.78 235.10 Td (olta. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 223.70 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 96.83 223.70 Td (the ) Tj ET Q q 0 0 0 rg BT 110.15 223.70 Td (Bell ) Tj ET Q q 0 0 0 rg BT 125.14 223.70 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 147.11 223.70 Td (space ) Tj ET Q q 0 0 0 rg BT 170.39 223.70 Td (has ) Tj ET Q q 0 0 0 rg BT 185.44 223.70 Td (been ) Tj ET Q q 0 0 0 rg BT 205.25 223.70 Td (leased ) Tj ET Q q 0 0 0 rg BT 230.70 223.70 Td (at ) Tj ET Q q 0 0 0 rg BT 239.68 223.70 Td (an ) Tj ET Q q 0 0 0 rg BT 250.83 223.70 Td (average ) Tj ET Q q 0 0 0 rg BT 281.47 223.70 Td (rent ) Tj ET Q q 0 0 0 rg BT 297.39 223.70 Td (that ) Tj ET Q q 0 0 0 rg BT 312.87 223.70 Td (is ) Tj ET Q q 0 0 0 rg BT 320.98 223.70 Td (49% ) Tj ET Q q 0 0 0 rg BT 339.06 223.70 Td (above ) Tj ET Q q 0 0 0 rg BT 362.78 223.70 Td (the ) Tj ET Q q 0 0 0 rg BT 376.09 223.70 Td (expiring ) Tj ET Q q 0 0 0 rg BT 405.86 223.70 Td (Bell ) Tj ET Q q 0 0 0 rg BT 420.85 223.70 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 442.82 223.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 463.93 223.70 Td (rate. ) Tj ET Q q 0 0 0 rg BT 481.86 223.70 Td (The ) Tj ET Q q 0 0 0 rg BT 497.77 223.70 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 530.12 223.70 Td (Centre ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 212.30 Td (presents ) Tj ET Q q 0 0 0 rg BT 99.55 212.30 Td (an ) Tj ET Q q 0 0 0 rg BT 110.38 212.30 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 151.10 212.30 Td (to ) Tj ET Q q 0 0 0 rg BT 159.76 212.30 Td (grow ) Tj ET Q q 0 0 0 rg BT 178.81 212.30 Td (same ) Tj ET Q q 0 0 0 rg BT 200.03 212.30 Td (property ) Tj ET Q q 0 0 0 rg BT 230.77 212.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 246.79 212.30 Td (through ) Tj ET Q q 0 0 0 rg BT 275.38 212.30 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 315.66 212.30 Td (rent ) Tj ET Q q 0 0 0 rg BT 331.25 212.30 Td (increases.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 194.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 194.90 Td (The ) Tj ET Q q 0 0 0 rg BT 82.69 194.90 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 115.65 194.90 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 152.07 194.90 Td (had ) Tj ET Q q 0 0 0 rg BT 166.83 194.90 Td (a ) Tj ET Q q 0 0 0 rg BT 172.94 194.90 Td (48,902 ) Tj ET Q q 0 0 0 rg BT 198.54 194.90 Td (square ) Tj ET Q q 0 0 0 rg BT 224.13 194.90 Td (foot ) Tj ET Q q 0 0 0 rg BT 238.89 194.90 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 269.25 194.90 Td (as ) Tj ET Q q 0 0 0 rg BT 279.25 194.90 Td (of ) Tj ET Q q 0 0 0 rg BT 287.52 194.90 Td (January ) Tj ET Q q 0 0 0 rg BT 317.00 194.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 325.27 194.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 344.37 194.90 Td (and ) Tj ET Q q 0 0 0 rg BT 359.14 194.90 Td (the ) Tj ET Q q 0 0 0 rg BT 371.74 194.90 Td (48,203 ) Tj ET Q q 0 0 0 rg BT 397.34 194.90 Td (square ) Tj ET Q q 0 0 0 rg BT 422.93 194.90 Td (foot ) Tj ET Q q 0 0 0 rg BT 437.70 194.90 Td (head ) Tj ET Q q 0 0 0 rg BT 456.80 194.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 477.19 194.90 Td (at ) Tj ET Q q 0 0 0 rg BT 485.46 194.90 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 506.71 194.90 Td (Place ) Tj ET Q q 0 0 0 rg BT 527.97 194.90 Td (expired ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 183.50 Td (July ) Tj ET Q q 0 0 0 rg BT 83.96 183.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 93.06 183.50 Td (2017. ) Tj ET Q q 0 0 0 rg BT 117.32 183.50 Td (Both ) Tj ET Q q 0 0 0 rg BT 135.95 183.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 173.19 183.50 Td (have ) Tj ET Q q 0 0 0 rg BT 192.68 183.50 Td (seen ) Tj ET Q q 0 0 0 rg BT 212.18 183.50 Td (an ) Tj ET Q q 0 0 0 rg BT 223.44 183.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 255.49 183.50 Td (in ) Tj ET Q q 0 0 0 rg BT 264.15 183.50 Td (tenant ) Tj ET Q q 0 0 0 rg BT 288.41 183.50 Td (demand ) Tj ET Q q 0 0 0 rg BT 319.17 183.50 Td (with ) Tj ET Q q 0 0 0 rg BT 335.62 183.50 Td (8,400 ) Tj ET Q q 0 0 0 rg BT 357.72 183.50 Td (square ) Tj ET Q q 0 0 0 rg BT 384.14 183.50 Td (feet ) Tj ET Q q 0 0 0 rg BT 399.73 183.50 Td (being ) Tj ET Q q 0 0 0 rg BT 421.39 183.50 Td (leased ) Tj ET Q q 0 0 0 rg BT 446.95 183.50 Td (at ) Tj ET Q q 0 0 0 rg BT 456.05 183.50 Td (the ) Tj ET Q q 0 0 0 rg BT 469.48 183.50 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 503.26 183.50 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 540.51 183.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 172.10 Td (6,573 ) Tj ET Q q 0 0 0 rg BT 89.16 172.10 Td (square ) Tj ET Q q 0 0 0 rg BT 115.15 172.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 130.31 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.98 172.10 Td (new ) Tj ET Q q 0 0 0 rg BT 155.43 172.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 182.29 172.10 Td (was ) Tj ET Q q 0 0 0 rg BT 198.30 172.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 236.42 172.10 Td (at ) Tj ET Q q 0 0 0 rg BT 245.08 172.10 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 266.73 172.10 Td (Place. ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 31.95 Td (Page 7) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 740.30 Td (P) Tj ET Q q 0 0 0 rg BT 55.34 740.30 Td (ART ) Tj ET Q q 0 0 0 rg BT 78.29 740.30 Td (II ) Tj ET Q q 0 0 0 rg BT 86.50 740.30 Td (- ) Tj ET Q q 0 0 0 rg BT 92.51 740.30 Td (LEASING ) Tj ET Q q 0 0 0 rg BT 138.63 740.30 Td (AND ) Tj ET Q q 0 0 0 rg BT 162.67 740.30 Td (PROPERTY) Tj ET Q q 0 0 0 rg BT 216.62 740.30 Td ( ) Tj ET Q q 0 0 0 rg BT 219.36 740.30 Td (PORTFOLIO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 722.90 Td (LEASING) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 705.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.22 705.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.83 705.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.13 705.50 Td (had ) Tj ET Q q 0 0 0 rg BT 100.42 705.50 Td (a ) Tj ET Q q 0 0 0 rg BT 107.05 705.50 Td (strong ) Tj ET Q q 0 0 0 rg BT 131.00 705.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 157.98 705.50 Td (continuing ) Tj ET Q q 0 0 0 rg BT 195.79 705.50 Td (to ) Tj ET Q q 0 0 0 rg BT 204.59 705.50 Td (renew ) Tj ET Q q 0 0 0 rg BT 228.10 705.50 Td (and ) Tj ET Q q 0 0 0 rg BT 243.39 705.50 Td (extend ) Tj ET Q q 0 0 0 rg BT 269.08 705.50 Td (leases ) Tj ET Q q 0 0 0 rg BT 293.90 705.50 Td (to ) Tj ET Q q 0 0 0 rg BT 302.69 705.50 Td (drive ) Tj ET Q q 0 0 0 rg BT 321.88 705.50 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 361.42 705.50 Td (and ) Tj ET Q q 0 0 0 rg BT 376.72 705.50 Td (value. ) Tj ET Q q 0 0 0 rg BT 399.80 705.50 Td (In ) Tj ET Q q 0 0 0 rg BT 408.60 705.50 Td (aggregate, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 448.15 705.50 Td (357,663) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.31 705.50 Td ( ) Tj ET Q q 0 0 0 rg BT 478.61 705.50 Td (square ) Tj ET Q q 0 0 0 rg BT 504.72 705.50 Td (feet ) Tj ET Q q 0 0 0 rg BT 520.02 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 528.81 705.50 Td (leasing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (was ) Tj ET Q q 0 0 0 rg BT 65.43 694.10 Td (completed, ) Tj ET Q q 0 0 0 rg BT 105.63 694.10 Td (comprising ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 145.38 694.10 Td (288,765) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 173.54 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 175.62 694.10 Td (square ) Tj ET Q q 0 0 0 rg BT 201.52 694.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 216.60 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.18 694.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 245.89 694.10 Td (renewals ) Tj ET Q q 0 0 0 rg BT 279.14 694.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 294.22 694.10 Td (68,898) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.05 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.13 694.10 Td (square ) Tj ET Q q 0 0 0 rg BT 346.04 694.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 361.12 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.70 694.10 Td (new ) Tj ET Q q 0 0 0 rg BT 386.07 694.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 406.77 694.10 Td (deals. ) Tj ET Q q 0 0 0 rg BT 429.65 694.10 Td (Leasing ) Tj ET Q q 0 0 0 rg BT 459.02 694.10 Td (spreads ) Tj ET Q q 0 0 0 rg BT 488.82 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.96 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.88 694.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 536.64 694.10 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 682.70 Td (7.7%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.26 682.70 Td ( ) Tj ET Q q 0 0 0 rg BT 69.49 682.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 94.67 682.70 Td (with ) Tj ET Q q 0 0 0 rg BT 110.75 682.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 131.60 682.70 Td (renewals ) Tj ET Q q 0 0 0 rg BT 165.00 682.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 173.73 682.70 Td (9.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 191.49 682.70 Td ( ) Tj ET Q q 0 0 0 rg BT 193.72 682.70 Td (above ) Tj ET Q q 0 0 0 rg BT 217.18 682.70 Td (expiring ) Tj ET Q q 0 0 0 rg BT 246.69 682.70 Td (rents ) Tj ET Q q 0 0 0 rg BT 266.24 682.70 Td (and ) Tj ET Q q 0 0 0 rg BT 281.47 682.70 Td (new ) Tj ET Q q 0 0 0 rg BT 297.98 682.70 Td (deals ) Tj ET Q q 0 0 0 rg BT 318.84 682.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 327.57 682.70 Td (1.7%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.32 682.70 Td ( ) Tj ET Q q 0 0 0 rg BT 347.55 682.70 Td (above ) Tj ET Q q 0 0 0 rg BT 371.01 682.70 Td (building ) Tj ET Q q 0 0 0 rg BT 400.09 682.70 Td (in ) Tj ET Q q 0 0 0 rg BT 408.39 682.70 Td (place ) Tj ET Q q 0 0 0 rg BT 429.24 682.70 Td (rent. ) Tj ET Q q 0 0 0 rg BT 447.06 682.70 Td ( ) Tj ET Q q 0 0 0 rg BT 449.29 682.70 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 478.37 682.70 Td (in ) Tj ET Q q 0 0 0 rg BT 486.66 682.70 Td (place ) Tj ET Q q 0 0 0 rg BT 507.52 682.70 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 546.99 682.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 671.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 99.74 671.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 117.07 671.30 Td ( ) Tj ET Q q 0 0 0 rg BT 118.39 671.30 Td (decreased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 156.09 671.30 Td (10) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 164.75 671.30 Td ( ) Tj ET Q q 0 0 0 rg BT 166.07 671.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 185.57 671.30 Td (points ) Tj ET Q q 0 0 0 rg BT 207.68 671.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.49 671.30 Td (85.8%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 237.58 671.30 Td ( ) Tj ET Q q 0 0 0 rg BT 238.89 671.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 274.85 671.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.67 671.30 Td (85.9%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 304.75 671.30 Td ( ) Tj ET Q q 0 0 0 rg BT 306.07 671.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 313.88 671.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 366.30 671.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.63 671.30 Td (, ) Tj ET Q q 0 0 0 rg BT 387.12 671.30 Td (while ) Tj ET Q q 0 0 0 rg BT 406.18 671.30 Td (the ) Tj ET Q q 0 0 0 rg BT 418.33 671.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 450.82 671.30 Td (average ) Tj ET Q q 0 0 0 rg BT 480.29 671.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 500.23 671.30 Td (term ) Tj ET Q q 0 0 0 rg BT 517.13 671.30 Td (decreased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 659.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.17 659.90 Td (5.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 69.00 659.90 Td ( ) Tj ET Q q 0 0 0 rg BT 71.16 659.90 Td (years ) Tj ET Q q 0 0 0 rg BT 92.38 659.90 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.13 659.90 Td (5.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 120.96 659.90 Td ( ) Tj ET Q q 0 0 0 rg BT 123.13 659.90 Td (years ) Tj ET Q q 0 0 0 rg BT 144.35 659.90 Td (for ) Tj ET Q q 0 0 0 rg BT 155.60 659.90 Td (the ) Tj ET Q q 0 0 0 rg BT 168.60 659.90 Td (same ) Tj ET Q q 0 0 0 rg BT 189.82 659.90 Td (period.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 642.50 Td (Looking ) Tj ET Q q 0 0 0 rg BT 78.40 642.50 Td (forward ) Tj ET Q q 0 0 0 rg BT 105.99 642.50 Td (to ) Tj ET Q q 0 0 0 rg BT 114.11 642.50 Td (2018, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 135.22 642.50 Td (9.9%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 152.98 642.50 Td ( ) Tj ET Q q 0 0 0 rg BT 154.59 642.50 Td (of ) Tj ET Q q 0 0 0 rg BT 162.71 642.50 Td (the ) Tj ET Q q 0 0 0 rg BT 175.15 642.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 204.48 642.50 Td (GLA) Tj ET Q q 0 0 0 rg BT 219.65 642.50 Td ( ) Tj ET Q q 0 0 0 rg BT 221.26 642.50 Td (is ) Tj ET Q q 0 0 0 rg BT 228.51 642.50 Td (maturing ) Tj ET Q q 0 0 0 rg BT 260.43 642.50 Td (and ) Tj ET Q q 0 0 0 rg BT 275.04 642.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 322.13 642.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 355.36 642.50 Td (expects ) Tj ET Q q 0 0 0 rg BT 383.83 642.50 Td (normal ) Tj ET Q q 0 0 0 rg BT 409.26 642.50 Td (course ) Tj ET Q q 0 0 0 rg BT 434.26 642.50 Td (renewals. ) Tj ET Q q 0 0 0 rg BT 469.11 642.50 Td (The ) Tj ET Q q 0 0 0 rg BT 484.15 642.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 501.76 642.50 Td ( ) Tj ET Q q 0 0 0 rg BT 503.37 642.50 Td (has ) Tj ET Q q 0 0 0 rg BT 517.55 642.50 Td (completed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 631.10 Td (new ) Tj ET Q q 0 0 0 rg BT 66.09 631.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 87.02 631.10 Td (deals ) Tj ET Q q 0 0 0 rg BT 107.95 631.10 Td (that ) Tj ET Q q 0 0 0 rg BT 123.25 631.10 Td (are ) Tj ET Q q 0 0 0 rg BT 136.82 631.10 Td (not ) Tj ET Q q 0 0 0 rg BT 149.96 631.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 182.14 631.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.51 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.65 631.10 Td (current ) Tj ET Q q 0 0 0 rg BT 230.20 631.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.57 631.10 Td (place ) Tj ET Q q 0 0 0 rg BT 259.50 631.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 299.05 631.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.59 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.72 631.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 347.55 631.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 387.96 631.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 430.55 631.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 439.35 631.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 490.59 631.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 507.92 631.10 Td (. ) Tj ET Q q 0 0 0 rg BT 512.25 631.10 Td (The ) Tj ET Q q 0 0 0 rg BT 527.98 631.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 545.58 631.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.89 631.10 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 619.70 Td (focused ) Tj ET Q q 0 0 0 rg BT 78.82 619.70 Td (on ) Tj ET Q q 0 0 0 rg BT 89.52 619.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 108.89 619.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 135.61 619.70 Td (expiries ) Tj ET Q q 0 0 0 rg BT 164.49 619.70 Td (as ) Tj ET Q q 0 0 0 rg BT 174.76 619.70 Td (well ) Tj ET Q q 0 0 0 rg BT 190.21 619.70 Td (as ) Tj ET Q q 0 0 0 rg BT 200.47 619.70 Td (a ) Tj ET Q q 0 0 0 rg BT 206.84 619.70 Td (number ) Tj ET Q q 0 0 0 rg BT 235.29 619.70 Td (of ) Tj ET Q q 0 0 0 rg BT 243.82 619.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 280.50 619.70 Td (proposals ) Tj ET Q q 0 0 0 rg BT 316.32 619.70 Td (in ) Tj ET Q q 0 0 0 rg BT 324.42 619.70 Td (the ) Tj ET Q q 0 0 0 rg BT 337.28 619.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 367.03 619.70 Td (in ) Tj ET Q q 0 0 0 rg BT 375.12 619.70 Td (which ) Tj ET Q q 0 0 0 rg BT 397.07 619.70 Td (we ) Tj ET Q q 0 0 0 rg BT 409.06 619.70 Td (operate. ) Tj ET Q q 0 0 0 rg BT 439.69 619.70 Td ( ) Tj ET Q q 0 0 0 rg BT 441.72 619.70 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 470.60 619.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 518.11 619.70 Td (expects ) Tj ET Q q 0 0 0 rg BT 547.00 619.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 608.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 81.37 608.30 Td (a ) Tj ET Q q 0 0 0 rg BT 88.11 608.30 Td (trend ) Tj ET Q q 0 0 0 rg BT 108.28 608.30 Td (of ) Tj ET Q q 0 0 0 rg BT 117.19 608.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 146.02 608.30 Td (rental ) Tj ET Q q 0 0 0 rg BT 167.92 608.30 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 200.22 608.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 236.41 608.30 Td (occupancy) Tj ET Q q 0 0 0 rg BT 273.09 608.30 Td (, ) Tj ET Q q 0 0 0 rg BT 277.67 608.30 Td (improved ) Tj ET Q q 0 0 0 rg BT 312.12 608.30 Td (tenant ) Tj ET Q q 0 0 0 rg BT 336.19 608.30 Td (quality ) Tj ET Q q 0 0 0 rg BT 361.13 608.30 Td (and ) Tj ET Q q 0 0 0 rg BT 376.54 608.30 Td (longer ) Tj ET Q q 0 0 0 rg BT 400.60 608.30 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 464.94 608.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 485.98 608.30 Td (term. ) Tj ET Q q 0 0 0 rg BT 505.99 608.30 Td (The ) Tj ET Q q 0 0 0 rg BT 521.83 608.30 Td (goal ) Tj ET Q q 0 0 0 rg BT 538.97 608.30 Td (is ) Tj ET Q q 0 0 0 rg BT 547.00 608.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 596.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 81.12 596.90 Td (to ) Tj ET Q q 0 0 0 rg BT 89.79 596.90 Td (drive ) Tj ET Q q 0 0 0 rg BT 108.84 596.90 Td (organic ) Tj ET Q q 0 0 0 rg BT 136.56 596.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 162.10 596.90 Td (in ) Tj ET Q q 0 0 0 rg BT 170.33 596.90 Td (the ) Tj ET Q q 0 0 0 rg BT 183.33 596.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 213.21 596.90 Td (and ) Tj ET Q q 0 0 0 rg BT 228.38 596.90 Td (focus ) Tj ET Q q 0 0 0 rg BT 249.17 596.90 Td (on ) Tj ET Q q 0 0 0 rg BT 260.00 596.90 Td (creating ) Tj ET Q q 0 0 0 rg BT 289.88 596.90 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 330.16 596.90 Td (per ) Tj ET Q q 0 0 0 rg BT 343.59 596.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 358.32 596.90 Td (net ) Tj ET Q q 0 0 0 rg BT 371.31 596.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 392.10 596.90 Td (value ) Tj ET Q q 0 0 0 rg BT 412.90 596.90 Td (accretion.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 579.50 Td (OCCUP) Tj ET Q q 0 0 0 rg BT 77.05 579.50 Td (ANCY) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 562.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 562.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 562.10 Td (continuity ) Tj ET Q q 0 0 0 rg BT 146.94 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.61 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.61 562.10 Td (change ) Tj ET Q q 0 0 0 rg BT 196.33 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.56 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.56 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.79 562.10 Td (place ) Tj ET Q q 0 0 0 rg BT 246.58 562.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 286.00 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.66 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.66 562.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 332.96 562.10 Td (properties:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 543.6 m 193 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193 543.6 m 251 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 543.6 m 311 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 543.6 m 376 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 543.6 m 434 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 543.6 m 494 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 543.6 m 554 543.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 504.6 m 193 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 504.6 m 251 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 504.6 m 311 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311 504.6 m 376 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 504.6 m 434 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 504.6 m 494 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 504.6 m 554 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 504.6 m 251 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 504.6 m 311 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311 504.6 m 376 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 504.6 m 434 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 504.6 m 494 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 504.6 m 554 504.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 444.6 m 193 444.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 444.6 m 251 444.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 444.6 m 311 444.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311 444.6 m 376 444.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 444.6 m 434 444.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 444.6 m 494 444.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 444.6 m 554 444.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 414.6 m 193 414.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 414.6 m 251 414.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251 414.6 m 311 414.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 311 414.6 m 376 414.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 414.6 m 434 414.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 414.6 m 494 414.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 414.6 m 554 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 400.6 m 193 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193 400.6 m 251 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251 400.6 m 311 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 400.6 m 376 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 400.6 m 434 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 400.6 m 494 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 400.6 m 554 400.6 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 223.55 533.13 Td (Three months ended December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.30 533.13 Td (Y) Tj ET Q q 0 0 0 rg BT 444.78 533.13 Td (ear ended December 31, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 231.30 509.13 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 265.45 518.63 Td (Occupancy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 260.75 509.13 Td (\(square feet\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.20 509.13 Td (Occupancy \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 415.30 509.13 Td (GLA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.50 518.63 Td (Occupancy ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 466.25 509.13 Td (\(sq. ft.\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 497.20 509.13 Td (Occupancy \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 494.13 Td (Occupancy) Tj ET Q q 0 0 0 rg BT 91.19 494.13 Td (, beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 213.20 494.13 Td (6,1) Tj ET Q q 0 0 0 rg BT 224.03 494.13 Td (16,085) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 273.20 494.13 Td (5,251,979) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 353.35 494.13 Td (85.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 368.55 494.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.20 494.13 Td (4,990,052) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.20 494.13 Td (4,309,464) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 494.13 Td (86.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 494.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 479.13 Td (Acquisitions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 240.10 479.18 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 300.10 479.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 360.75 479.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.20 479.13 Td (1,159,313) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.20 479.13 Td (1,053,323) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 479.13 Td (90.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 479.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 464.13 Td (Dispositions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 240.10 464.18 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 300.10 464.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 360.75 464.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.45 464.13 Td (\(33,280) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.90 464.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.10 464.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.75 464.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 449.13 Td (Change in same property occupancy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 240.10 449.18 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.80 449.18 Td (\(6,754) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 307.90 449.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 360.75 449.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.10 449.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.10 449.13 Td (\(1) Tj ET Q q 0 0 0 rg BT 467.03 449.13 Td (17,562) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 490.90 449.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.75 449.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 434.13 Td (Occupancy) Tj ET Q q 0 0 0 rg BT 91.19 434.13 Td (, end of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 213.20 434.13 Td (6,1) Tj ET Q q 0 0 0 rg BT 224.03 434.13 Td (16,085) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 273.20 434.13 Td (5,245,225) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 353.35 434.13 Td (85.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 368.55 434.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.20 434.13 Td (6,1) Tj ET Q q 0 0 0 rg BT 407.03 434.13 Td (16,085) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.20 434.13 Td (5,245,225) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 434.13 Td (85.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 434.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 419.13 Td (Redevelopment properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 219.70 419.13 Td (265,650) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 279.70 419.13 Td (159,614) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 353.35 419.13 Td (60.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 368.55 419.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.70 419.13 Td (265,650) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.70 419.13 Td (159,614) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 419.13 Td (60.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 419.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 405.13 Td (Occupancy) Tj ET Q q 0 0 0 rg BT 90.91 405.13 Td (, excluding redevelopments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 213.20 405.13 Td (5,850,435) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 273.20 405.13 Td (5,085,61) Tj ET Q q 0 0 0 rg BT 303.53 405.13 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 353.35 405.13 Td (86.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 368.55 405.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.20 405.13 Td (5,850,435) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.20 405.13 Td (5,085,61) Tj ET Q q 0 0 0 rg BT 486.53 405.13 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 405.13 Td (86.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 405.13 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 383.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.97 383.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 92.15 383.70 Td (objective ) Tj ET Q q 0 0 0 rg BT 125.94 383.70 Td (is ) Tj ET Q q 0 0 0 rg BT 134.61 383.70 Td (to ) Tj ET Q q 0 0 0 rg BT 144.16 383.70 Td (maintain ) Tj ET Q q 0 0 0 rg BT 176.65 383.70 Td (high ) Tj ET Q q 0 0 0 rg BT 194.42 383.70 Td (levels ) Tj ET Q q 0 0 0 rg BT 217.38 383.70 Td (of ) Tj ET Q q 0 0 0 rg BT 226.93 383.70 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 267.22 383.70 Td (throughout ) Tj ET Q q 0 0 0 rg BT 307.52 383.70 Td (the ) Tj ET Q q 0 0 0 rg BT 321.39 383.70 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 353.72 383.70 Td (At ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 364.13 383.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 416.10 383.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 433.43 383.70 Td (, ) Tj ET Q q 0 0 0 rg BT 438.64 383.70 Td (the ) Tj ET Q q 0 0 0 rg BT 452.52 383.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 478.70 383.70 Td (occupancy) Tj ET Q q 0 0 0 rg BT 515.38 383.70 Td (, ) Tj ET Q q 0 0 0 rg BT 520.59 383.70 Td (excluding ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 372.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 103.19 372.30 Td (of) Tj ET Q q 0 0 0 rg BT 109.56 372.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 123.84 372.30 Td (properties, ) Tj ET Q q 0 0 0 rg BT 162.81 372.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 178.82 372.30 Td (86.9%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 200.91 372.30 Td (, ) Tj ET Q q 0 0 0 rg BT 205.23 372.30 Td (and ) Tj ET Q q 0 0 0 rg BT 220.38 372.30 Td (the ) Tj ET Q q 0 0 0 rg BT 233.37 372.30 Td (in ) Tj ET Q q 0 0 0 rg BT 241.59 372.30 Td (place ) Tj ET Q q 0 0 0 rg BT 262.38 372.30 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 301.78 372.30 Td (of ) Tj ET Q q 0 0 0 rg BT 310.44 372.30 Td (the ) Tj ET Q q 0 0 0 rg BT 323.43 372.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 348.72 372.30 Td (total ) Tj ET Q q 0 0 0 rg BT 365.60 372.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 395.48 372.30 Td (including ) Tj ET Q q 0 0 0 rg BT 428.38 372.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 482.08 372.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 506.76 372.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.76 372.30 Td (85.8%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 544.85 372.30 Td ( ) Tj ET Q q 0 0 0 rg BT 547.01 372.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 360.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 360.90 Td (end ) Tj ET Q q 0 0 0 rg BT 77.66 360.90 Td (of ) Tj ET Q q 0 0 0 rg BT 86.33 360.90 Td (the ) Tj ET Q q 0 0 0 rg BT 99.33 360.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 126.18 360.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 162.98 360.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 171.65 360.90 Td (86.4%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 193.74 360.90 Td ( ) Tj ET Q q 0 0 0 rg BT 195.91 360.90 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 204.57 360.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 255.67 360.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 273.00 360.90 Td (, ) Tj ET Q q 0 0 0 rg BT 277.33 360.90 Td (a ) Tj ET Q q 0 0 0 rg BT 283.83 360.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 318.04 360.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 326.71 360.90 Td (60) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 335.38 360.90 Td ( ) Tj ET Q q 0 0 0 rg BT 337.54 360.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 357.90 360.90 Td (points. ) Tj ET Q q 0 0 0 rg BT 383.02 360.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 341.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 97.23 341.50 Td (was ) Tj ET Q q 0 0 0 rg BT 113.33 341.50 Td (aware ) Tj ET Q q 0 0 0 rg BT 136.80 341.50 Td (of ) Tj ET Q q 0 0 0 rg BT 145.55 341.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 182.46 341.50 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 219.36 341.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 238.94 341.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 278.01 341.50 Td (of ) Tj ET Q q 0 0 0 rg BT 286.76 341.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 312.40 341.50 Td (properties, ) Tj ET Q q 0 0 0 rg BT 351.46 341.50 Td (which ) Tj ET Q q 0 0 0 rg BT 373.63 341.50 Td (were ) Tj ET Q q 0 0 0 rg BT 392.77 341.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 424.48 341.50 Td (for ) Tj ET Q q 0 0 0 rg BT 435.83 341.50 Td (and ) Tj ET Q q 0 0 0 rg BT 451.08 341.50 Td (ef) Tj ET Q q 0 0 0 rg BT 457.44 341.50 Td (fected ) Tj ET Q q 0 0 0 rg BT 480.92 341.50 Td (in ) Tj ET Q q 0 0 0 rg BT 489.24 341.50 Td (the ) Tj ET Q q 0 0 0 rg BT 502.33 341.50 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 547.01 341.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 330.10 Td (such ) Tj ET Q q 0 0 0 rg BT 67.74 330.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 112.40 330.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.07 330.10 Td (These ) Tj ET Q q 0 0 0 rg BT 137.51 330.10 Td (include ) Tj ET Q q 0 0 0 rg BT 163.98 330.10 Td (Bell ) Tj ET Q q 0 0 0 rg BT 178.40 330.10 Td (Aliant's ) Tj ET Q q 0 0 0 rg BT 205.06 330.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 225.47 330.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 254.96 330.10 Td (at ) Tj ET Q q 0 0 0 rg BT 263.24 330.10 Td (Brunswick ) Tj ET Q q 0 0 0 rg BT 300.52 330.10 Td (Square ) Tj ET Q q 0 0 0 rg BT 327.42 330.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.26 330.10 Td (Saint ) Tj ET Q q 0 0 0 rg BT 354.80 330.10 Td (John, ) Tj ET Q q 0 0 0 rg BT 375.65 330.10 Td (NB, ) Tj ET Q q 0 0 0 rg BT 390.41 330.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.19 330.10 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 436.84 330.10 Td (Centre ) Tj ET Q q 0 0 0 rg BT 462.00 330.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.85 330.10 Td (Halifax, ) Tj ET Q q 0 0 0 rg BT 497.61 330.10 Td (NS ) Tj ET Q q 0 0 0 rg BT 510.21 330.10 Td (representing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 318.70 Td (41,389 ) Tj ET Q q 0 0 0 rg BT 75.40 318.70 Td (and ) Tj ET Q q 0 0 0 rg BT 90.46 318.70 Td (193,861 ) Tj ET Q q 0 0 0 rg BT 120.69 318.70 Td (square ) Tj ET Q q 0 0 0 rg BT 146.58 318.70 Td (feet, ) Tj ET Q q 0 0 0 rg BT 163.81 318.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 204.37 318.70 Td (, ) Tj ET Q q 0 0 0 rg BT 208.61 318.70 Td (and ) Tj ET Q q 0 0 0 rg BT 223.67 318.70 Td (the ) Tj ET Q q 0 0 0 rg BT 236.57 318.70 Td (loss ) Tj ET Q q 0 0 0 rg BT 252.49 318.70 Td (of ) Tj ET Q q 0 0 0 rg BT 261.06 318.70 Td (MMM ) Tj ET Q q 0 0 0 rg BT 282.59 318.70 Td (Group ) Tj ET Q q 0 0 0 rg BT 306.32 318.70 Td (Limited ) Tj ET Q q 0 0 0 rg BT 333.50 318.70 Td (of ) Tj ET Q q 0 0 0 rg BT 342.06 318.70 Td (48,902 ) Tj ET Q q 0 0 0 rg BT 367.96 318.70 Td (square ) Tj ET Q q 0 0 0 rg BT 393.85 318.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 408.91 318.70 Td (at ) Tj ET Q q 0 0 0 rg BT 417.48 318.70 Td (the ) Tj ET Q q 0 0 0 rg BT 430.38 318.70 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 463.62 318.70 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 500.34 318.70 Td (in ) Tj ET Q q 0 0 0 rg BT 508.47 318.70 Td (Mississauga, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 307.30 Td (ON, ) Tj ET Q q 0 0 0 rg BT 65.12 307.30 Td (each ) Tj ET Q q 0 0 0 rg BT 83.78 307.30 Td (of ) Tj ET Q q 0 0 0 rg BT 92.04 307.30 Td (which ) Tj ET Q q 0 0 0 rg BT 113.73 307.30 Td (occured ) Tj ET Q q 0 0 0 rg BT 143.21 307.30 Td (on ) Tj ET Q q 0 0 0 rg BT 153.64 307.30 Td (December ) Tj ET Q q 0 0 0 rg BT 191.34 307.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 203.94 307.30 Td (2016. ) Tj ET Q q 0 0 0 rg BT 225.20 307.30 Td ( ) Tj ET Q q 0 0 0 rg BT 226.97 307.30 Td (While ) Tj ET Q q 0 0 0 rg BT 248.21 307.30 Td (the ) Tj ET Q q 0 0 0 rg BT 260.81 307.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 278.42 307.30 Td ( ) Tj ET Q q 0 0 0 rg BT 280.18 307.30 Td (has ) Tj ET Q q 0 0 0 rg BT 294.51 307.30 Td (not ) Tj ET Q q 0 0 0 rg BT 307.11 307.30 Td (yet ) Tj ET Q q 0 0 0 rg BT 319.27 307.30 Td (fully ) Tj ET Q q 0 0 0 rg BT 334.90 307.30 Td (leased ) Tj ET Q q 0 0 0 rg BT 359.62 307.30 Td (all ) Tj ET Q q 0 0 0 rg BT 369.18 307.30 Td (of ) Tj ET Q q 0 0 0 rg BT 377.45 307.30 Td (the ) Tj ET Q q 0 0 0 rg BT 390.04 307.30 Td (related ) Tj ET Q q 0 0 0 rg BT 415.63 307.30 Td (space ) Tj ET Q q 0 0 0 rg BT 438.19 307.30 Td (from ) Tj ET Q q 0 0 0 rg BT 455.54 307.30 Td (these ) Tj ET Q q 0 0 0 rg BT 476.36 307.30 Td (vacancies, ) Tj ET Q q 0 0 0 rg BT 514.94 307.30 Td (new ) Tj ET Q q 0 0 0 rg BT 531.00 307.30 Td (leases ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 295.90 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 295.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 100.61 295.90 Td (rents ) Tj ET Q q 0 0 0 rg BT 120.10 295.90 Td (have ) Tj ET Q q 0 0 0 rg BT 139.16 295.90 Td (of) Tj ET Q q 0 0 0 rg BT 145.52 295.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 160.25 295.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.25 295.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 198.36 295.90 Td (of ) Tj ET Q q 0 0 0 rg BT 207.03 295.90 Td (such ) Tj ET Q q 0 0 0 rg BT 225.65 295.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 249.91 295.90 Td (on ) Tj ET Q q 0 0 0 rg BT 260.74 295.90 Td (rent ) Tj ET Q q 0 0 0 rg BT 276.33 295.90 Td (at ) Tj ET Q q 0 0 0 rg BT 284.99 295.90 Td (both ) Tj ET Q q 0 0 0 rg BT 302.32 295.90 Td (these ) Tj ET Q q 0 0 0 rg BT 323.55 295.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 360.36 295.90 Td (and ) Tj ET Q q 0 0 0 rg BT 375.52 295.90 Td (throughout ) Tj ET Q q 0 0 0 rg BT 414.94 295.90 Td (the ) Tj ET Q q 0 0 0 rg BT 427.94 295.90 Td (portfolio. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 276.50 Td (LEASE MA) Tj ET Q q 0 0 0 rg BT 89.18 276.50 Td (TURITIES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.21 259.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.82 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.10 259.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 118.99 259.10 Td (enters ) Tj ET Q q 0 0 0 rg BT 142.93 259.10 Td (into ) Tj ET Q q 0 0 0 rg BT 157.78 259.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 182.58 259.10 Td (with ) Tj ET Q q 0 0 0 rg BT 198.71 259.10 Td (an ) Tj ET Q q 0 0 0 rg BT 209.66 259.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 229.70 259.10 Td (term ) Tj ET Q q 0 0 0 rg BT 247.56 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.34 259.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 286.33 259.10 Td (between ) Tj ET Q q 0 0 0 rg BT 318.07 259.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 324.68 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.96 259.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 350.91 259.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 374.27 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 389.98 259.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 423.44 259.10 Td (average ) Tj ET Q q 0 0 0 rg BT 453.88 259.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 490.37 259.10 Td (term ) Tj ET Q q 0 0 0 rg BT 508.23 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.01 259.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 547.00 259.10 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 247.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 100.78 247.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 118.11 247.70 Td ( ) Tj ET Q q 0 0 0 rg BT 120.46 247.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 136.67 247.70 Td (5.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 147.50 247.70 Td ( ) Tj ET Q q 0 0 0 rg BT 149.85 247.70 Td (years, ) Tj ET Q q 0 0 0 rg BT 173.42 247.70 Td (not ) Tj ET Q q 0 0 0 rg BT 186.60 247.70 Td (including ) Tj ET Q q 0 0 0 rg BT 219.70 247.70 Td (tenants ) Tj ET Q q 0 0 0 rg BT 247.61 247.70 Td (on ) Tj ET Q q 0 0 0 rg BT 258.63 247.70 Td (month-to-month ) Tj ET Q q 0 0 0 rg BT 315.98 247.70 Td (leases. ) Tj ET Q q 0 0 0 rg BT 343.01 247.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 390.84 247.70 Td (considers ) Tj ET Q q 0 0 0 rg BT 426.53 247.70 Td (the ) Tj ET Q q 0 0 0 rg BT 439.72 247.70 Td (current ) Tj ET Q q 0 0 0 rg BT 466.32 247.70 Td (average ) Tj ET Q q 0 0 0 rg BT 496.82 247.70 Td (duration ) Tj ET Q q 0 0 0 rg BT 527.32 247.70 Td (of ) Tj ET Q q 0 0 0 rg BT 536.18 247.70 Td (rents ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 236.30 Td (to ) Tj ET Q q 0 0 0 rg BT 58.17 236.30 Td (be ) Tj ET Q q 0 0 0 rg BT 69.00 236.30 Td (indicative ) Tj ET Q q 0 0 0 rg BT 103.64 236.30 Td (of ) Tj ET Q q 0 0 0 rg BT 112.31 236.30 Td (the ) Tj ET Q q 0 0 0 rg BT 125.31 236.30 Td (stability ) Tj ET Q q 0 0 0 rg BT 153.46 236.30 Td (of ) Tj ET Q q 0 0 0 rg BT 162.12 236.30 Td (the ) Tj ET Q q 0 0 0 rg BT 175.12 236.30 Td (portfolio's ) Tj ET Q q 0 0 0 rg BT 210.39 236.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 229.02 236.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 245.04 236.30 Td (generation ) Tj ET Q q 0 0 0 rg BT 284.02 236.30 Td (abilities ) Tj ET Q q 0 0 0 rg BT 312.17 236.30 Td (and ) Tj ET Q q 0 0 0 rg BT 327.33 236.30 Td (diversified ) Tj ET Q q 0 0 0 rg BT 364.58 236.30 Td (maturity ) Tj ET Q q 0 0 0 rg BT 394.45 236.30 Td (risk. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 218.90 Td (The following table summarizes the composition of the remaining term to maturity of the REIT's leases by region:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 208.39999999999998 m 134 208.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 134 208.39999999999998 m 204 208.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 208.39999999999998 m 274 208.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 208.39999999999998 m 344 208.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 208.39999999999998 m 414 208.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 194.39999999999998 m 414 194.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 208.39999999999998 m 484 208.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 208.39999999999998 m 554 208.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 194.39999999999998 m 134 194.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 163.39999999999998 m 134 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 134 194.39999999999998 m 204 194.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 134 163.39999999999998 m 204 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 194.39999999999998 m 274 194.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 163.39999999999998 m 274 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 194.39999999999998 m 344 194.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 163.39999999999998 m 344 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 194.39999999999998 m 414 194.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 163.39999999999998 m 414 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 194.39999999999998 m 484 194.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 163.39999999999998 m 484 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 194.39999999999998 m 554 194.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 163.39999999999998 m 554 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 134 163.39999999999998 m 204 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 163.39999999999998 m 414 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 163.39999999999998 m 484 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 163.39999999999998 m 554 163.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 118.39999999999998 m 134 118.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 134 118.39999999999998 m 204 118.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 118.39999999999998 m 274 118.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 118.39999999999998 m 344 118.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 118.39999999999998 m 414 118.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 118.39999999999998 m 484 118.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 118.39999999999998 m 554 118.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 88.39999999999998 m 134 88.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 134 88.39999999999998 m 204 88.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 88.39999999999998 m 274 88.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 88.39999999999998 m 344 88.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 88.39999999999998 m 414 88.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 73.39999999999998 m 134 73.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 134 73.39999999999998 m 204 73.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 73.39999999999998 m 274 73.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 73.39999999999998 m 344 73.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 73.39999999999998 m 414 73.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 88.39999999999998 m 484 88.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 73.39999999999998 m 484 73.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 88.39999999999998 m 554 88.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 73.39999999999998 m 554 73.39999999999998 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 270.30 198.93 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 198.93 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 165.55 184.98 Td (W) Tj ET Q q 0 0 0 rg BT 172.77 184.98 Td (eighted ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 139.00 175.48 Td (average years to ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 161.40 165.98 Td (maturity ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 194.30 168.41 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 254.30 167.93 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.70 167.93 Td (% of GLA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.70 184.98 Td (W) Tj ET Q q 0 0 0 rg BT 384.92 184.98 Td (eighted ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 352.45 175.48 Td (average years to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.40 165.98 Td (maturity ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 404.27 168.41 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.30 167.93 Td (GLA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.55 167.93 Td (% of GLA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 152.93 Td (Atlantic) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 190.05 152.93 Td (5.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 236.20 152.93 Td (2,135,003) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.35 152.93 Td (34.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 336.55 152.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.05 152.93 Td (5.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.20 152.93 Td (2,188,946) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 152.93 Td (43.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 152.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 137.93 Td (Ontario) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 190.05 137.93 Td (5.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 236.20 137.93 Td (2,547,250) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.35 137.93 Td (41.7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 336.55 137.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.05 137.93 Td (4.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.20 137.93 Td (1,551,921) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 137.93 Td (31.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 137.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 122.93 Td (W) Tj ET Q q 0 0 0 rg BT 59.79 122.93 Td (estern) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 190.05 122.93 Td (8.5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 242.70 122.93 Td (562,972) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.70 122.93 Td (9.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 336.55 122.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.05 122.93 Td (8.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.70 122.93 Td (568,596) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 122.93 Td (1) Tj ET Q q 0 0 0 rg BT 535.68 122.93 Td (1.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 122.93 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 190.05 107.93 Td (5.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 236.20 107.93 Td (5,245,225) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.35 107.93 Td (85.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 336.55 107.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.05 107.93 Td (5.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.20 107.93 Td (4,309,463) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 107.93 Td (86.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 107.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 92.93 Td (V) Tj ET Q q 0 0 0 rg BT 57.13 92.93 Td (acant ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 78.35 95.36 Td (\(2\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 242.70 92.93 Td (870,860) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.35 92.93 Td (14.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 336.55 92.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.70 92.93 Td (680,589) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 92.93 Td (13.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 92.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 77.93 Td (T) Tj ET Q q 0 0 0 rg BT 56.40 77.93 Td (otal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 236.20 77.93 Td (6,1) Tj ET Q q 0 0 0 rg BT 247.03 77.93 Td (16,085) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.05 77.93 Td (100.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 336.55 77.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.20 77.93 Td (4,990,052) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 77.93 Td (100.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 77.93 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 64.90 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.62 64.90 Td (The calculation of weighted average term to maturity does not include month-to-month tenants.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 55.90 Td (\(2\) Does not include committed leases commencing after ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 206.42 55.90 Td (December31, 2017) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 260.44 55.90 Td (.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 31.95 Td (Page 8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The following is a profile of the maturities of the REIT's leases without including the impact of tenant extension options at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 466.35 742.10 Td (December31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.77 742.10 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 731.6 m 344 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 688.6 m 344 688.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 731.6 m 414 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 688.6 m 414 688.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 731.6 m 484 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 688.6 m 484 688.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 731.6 m 554 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 688.6 m 554 688.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 688.6 m 414 688.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 688.6 m 484 688.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 688.6 m 554 688.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 576.6 m 344 576.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 576.6 m 414 576.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 576.6 m 484 576.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 576.6 m 554 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 562.6 m 344 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 562.6 m 414 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 562.6 m 484 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 562.6 m 554 562.6 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 394.30 693.13 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 430.30 693.13 Td (% of portfolio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.55 721.63 Td (W) Tj ET Q q 0 0 0 rg BT 522.77 721.63 Td (eighted ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 489.85 712.13 Td (average in place ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 491.15 702.63 Td (rent \(per square ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 527.00 693.13 Td (foot\)) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 544.30 695.56 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 679.13 Td (Month-to-month) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.70 679.13 Td (137,423) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 679.13 Td (2.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 679.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.50 679.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 679.13 Td (15.36) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 665.13 Td (2018) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.70 665.13 Td (607,725) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 665.13 Td (9.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 665.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 665.13 Td (15.44) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 651.13 Td (2019) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.70 651.13 Td (475,689) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 651.13 Td (7.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 651.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 651.13 Td (17.1) Tj ET Q q 0 0 0 rg BT 546.56 651.13 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 637.13 Td (2020) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.70 637.13 Td (723,644) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.35 637.13 Td (1) Tj ET Q q 0 0 0 rg BT 465.68 637.13 Td (1.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 637.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 637.13 Td (16.39) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 623.13 Td (2021) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.70 623.13 Td (285,005) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 623.13 Td (4.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 623.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 623.13 Td (17.60) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 609.13 Td (2022) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.70 609.13 Td (952,548) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.35 609.13 Td (15.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 609.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 609.13 Td (14.56) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 595.13 Td (2023 and later) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.20 595.13 Td (2,063,191) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.35 595.13 Td (33.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 595.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 595.13 Td (18.66) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 581.13 Td (V) Tj ET Q q 0 0 0 rg BT 57.13 581.13 Td (acant) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.70 581.13 Td (870,860) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.35 581.13 Td (14.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 581.13 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 567.13 Td (T) Tj ET Q q 0 0 0 rg BT 56.69 567.13 Td (otal/weighted average) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 376.20 567.13 Td (6,1) Tj ET Q q 0 0 0 rg BT 387.03 567.13 Td (16,085) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.05 567.13 Td (100.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.55 567.13 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 486.50 567.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.40 567.13 Td (16.95) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.62 554.10 Td (The ) Tj ET Q q 0 0 0 rg BT 70.93 554.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 97.26 554.10 Td (average ) Tj ET Q q 0 0 0 rg BT 121.19 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.69 554.10 Td (place ) Tj ET Q q 0 0 0 rg BT 144.10 554.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 175.22 554.10 Td (is ) Tj ET Q q 0 0 0 rg BT 181.37 554.10 Td (based ) Tj ET Q q 0 0 0 rg BT 199.84 554.10 Td (on ) Tj ET Q q 0 0 0 rg BT 208.39 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.89 554.10 Td (place ) Tj ET Q q 0 0 0 rg BT 231.30 554.10 Td (rents ) Tj ET Q q 0 0 0 rg BT 246.69 554.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.58 554.10 Td (active ) Tj ET Q q 0 0 0 rg BT 273.36 554.10 Td (expiries. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 536.70 Td (IN PLACE ) Tj ET Q q 0 0 0 rg BT 87.73 536.70 Td (AND MARKET RENTS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 519.30 Td (During ) Tj ET Q q 0 0 0 rg BT 74.33 519.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 87.06 519.30 Td (three ) Tj ET Q q 0 0 0 rg BT 106.71 519.30 Td (months ) Tj ET Q q 0 0 0 rg BT 134.15 519.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 157.70 519.30 Td (December ) Tj ET Q q 0 0 0 rg BT 195.53 519.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 208.25 519.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 225.58 519.30 Td (, ) Tj ET Q q 0 0 0 rg BT 229.64 519.30 Td (the ) Tj ET Q q 0 0 0 rg BT 242.36 519.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 259.97 519.30 Td ( ) Tj ET Q q 0 0 0 rg BT 261.86 519.30 Td (completed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.70 519.30 Td (357,663) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 327.86 519.30 Td ( ) Tj ET Q q 0 0 0 rg BT 329.75 519.30 Td (square ) Tj ET Q q 0 0 0 rg BT 355.46 519.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 370.35 519.30 Td (of ) Tj ET Q q 0 0 0 rg BT 378.74 519.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 405.32 519.30 Td (comprised ) Tj ET Q q 0 0 0 rg BT 443.15 519.30 Td (of ) Tj ET Q q 0 0 0 rg BT 451.54 519.30 Td (both ) Tj ET Q q 0 0 0 rg BT 468.60 519.30 Td (new ) Tj ET Q q 0 0 0 rg BT 484.78 519.30 Td (deals ) Tj ET Q q 0 0 0 rg BT 505.29 519.30 Td (and ) Tj ET Q q 0 0 0 rg BT 520.18 519.30 Td (renewals.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 501.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 501.90 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 501.90 Td (table ) Tj ET Q q 0 0 0 rg BT 116.63 501.90 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 160.79 501.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.78 501.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 199.08 501.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 225.94 501.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 251.92 501.90 Td (during ) Tj ET Q q 0 0 0 rg BT 275.74 501.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.74 501.90 Td (three ) Tj ET Q q 0 0 0 rg BT 308.66 501.90 Td (months ) Tj ET Q q 0 0 0 rg BT 336.38 501.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 360.21 501.90 Td (December ) Tj ET Q q 0 0 0 rg BT 398.31 501.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 411.30 501.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.63 501.90 Td (:) Tj ET Q 1 1 1 rg /GS0 gs 50.00 442.40 154.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 485.4 m 204 485.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 442.4 m 204 442.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 485.4 m 274 485.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 442.4 m 274 442.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 485.4 m 344 485.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 442.4 m 344 442.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 485.4 m 414 485.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 442.4 m 414 442.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 485.4 m 484 485.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 442.4 m 484 442.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 485.4 m 554 485.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 442.4 m 554 442.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 412.4 m 204 412.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 412.4 m 274 412.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 412.4 m 344 412.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 412.4 m 414 412.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 412.4 m 484 412.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 412.4 m 554 412.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 412.4 m 414 412.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 412.4 m 484 412.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 382.4 m 204 382.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 382.4 m 274 382.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 382.4 m 344 382.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 382.4 m 414 382.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 382.4 m 484 382.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 382.4 m 554 382.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 367.4 m 204 367.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 367.4 m 274 367.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 367.4 m 344 367.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 367.4 m 414 367.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 367.4 m 484 367.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 367.4 m 554 367.4 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 254.30 446.93 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.55 456.43 Td (Number of) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.65 446.93 Td (leases) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 375.55 475.43 Td (W) Tj ET Q q 0 0 0 rg BT 382.84 475.43 Td (eighted) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 348.55 465.93 Td (average expiring) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.15 456.43 Td (rent \(per square) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.20 446.93 Td (foot\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.55 465.93 Td (W) Tj ET Q q 0 0 0 rg BT 452.77 465.93 Td (eighted ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 416.80 456.43 Td (average new rent) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 418.60 446.93 Td (\(per square foot\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 518.85 465.93 Td (Increase) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 502.40 456.43 Td (\(decrease\) in) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 535.75 446.93 Td (rent) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 431.93 Td (Renewed leases) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 242.70 431.93 Td (288,765) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.20 431.93 Td (29) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 346.50 431.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.40 431.93 Td (15.51) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 416.50 431.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.40 431.93 Td (16.95) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 431.93 Td (9.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 431.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 416.93 Td (New leases) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 247.05 416.93 Td (68,898) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.20 416.93 Td (17) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.40 416.93 Td (16.17) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.40 416.93 Td (16.45) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 416.93 Td (1.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 416.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 401.93 Td (T) Tj ET Q q 0 0 0 rg BT 56.83 401.93 Td (otal / weighted average) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 242.70 401.93 Td (357,663) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.20 401.93 Td (46) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 346.50 401.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.40 401.93 Td (15.64) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 416.50 401.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.40 401.93 Td (16.85) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 401.93 Td (7.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 401.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 386.93 Td (Less: leases not renewed / vacated) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 244.45 386.93 Td (\(42,416) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 270.90 386.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.95 386.93 Td (\(7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.90 386.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 371.93 Td (Net total) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 242.70 371.93 Td (315,247) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.20 371.93 Td (39) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (During ) Tj ET Q q 0 0 0 rg BT 73.91 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 86.22 350.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 110.47 350.50 Td (, ) Tj ET Q q 0 0 0 rg BT 114.11 350.50 Td (on ) Tj ET Q q 0 0 0 rg BT 124.24 350.50 Td (a ) Tj ET Q q 0 0 0 rg BT 130.05 350.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 162.70 350.50 Td (average ) Tj ET Q q 0 0 0 rg BT 192.32 350.50 Td (basis, ) Tj ET Q q 0 0 0 rg BT 214.15 350.50 Td (renewed ) Tj ET Q q 0 0 0 rg BT 245.49 350.50 Td (and ) Tj ET Q q 0 0 0 rg BT 259.96 350.50 Td (new ) Tj ET Q q 0 0 0 rg BT 275.72 350.50 Td (leases ) Tj ET Q q 0 0 0 rg BT 299.71 350.50 Td (were ) Tj ET Q q 0 0 0 rg BT 318.06 350.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 355.48 350.50 Td (at ) Tj ET Q q 0 0 0 rg BT 363.45 350.50 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 369.25 350.50 Td (9.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.01 350.50 Td ( ) Tj ET Q q 0 0 0 rg BT 388.48 350.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.94 350.50 Td (1.7%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 420.70 350.50 Td ( ) Tj ET Q q 0 0 0 rg BT 422.17 350.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 453.09 350.50 Td (to ) Tj ET Q q 0 0 0 rg BT 461.06 350.50 Td (expiring ) Tj ET Q q 0 0 0 rg BT 489.81 350.50 Td (rents, ) Tj ET Q q 0 0 0 rg BT 510.77 350.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 551.33 350.50 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 339.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 339.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 86.75 339.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 102.34 339.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 128.32 339.10 Td (on ) Tj ET Q q 0 0 0 rg BT 139.15 339.10 Td (new ) Tj ET Q q 0 0 0 rg BT 155.61 339.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 180.30 339.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.46 339.10 Td (renewals ) Tj ET Q q 0 0 0 rg BT 228.80 339.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.59 339.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 273.84 339.10 Td (with ) Tj ET Q q 0 0 0 rg BT 289.86 339.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 342.89 339.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 388.80 339.10 Td (for ) Tj ET Q q 0 0 0 rg BT 400.06 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.06 339.10 Td (portfolio. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 321.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.71 321.70 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 128.42 321.70 Td (in ) Tj ET Q q 0 0 0 rg BT 136.27 321.70 Td (place ) Tj ET Q q 0 0 0 rg BT 156.69 321.70 Td (rent ) Tj ET Q q 0 0 0 rg BT 171.90 321.70 Td (of ) Tj ET Q q 0 0 0 rg BT 180.18 321.70 Td (the ) Tj ET Q q 0 0 0 rg BT 192.80 321.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 217.72 321.70 Td (of) Tj ET Q q 0 0 0 rg BT 224.08 321.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 238.00 321.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 267.50 321.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 275.79 321.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 326.50 321.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 343.83 321.70 Td ( ) Tj ET Q q 0 0 0 rg BT 345.62 321.70 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 353.03 321.70 Td ($15.08) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.86 321.70 Td ( ) Tj ET Q q 0 0 0 rg BT 378.65 321.70 Td (per ) Tj ET Q q 0 0 0 rg BT 391.69 321.70 Td (square ) Tj ET Q q 0 0 0 rg BT 417.30 321.70 Td (foot. ) Tj ET Q q 0 0 0 rg BT 434.25 321.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 481.51 321.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 516.64 321.70 Td (the ) Tj ET Q q 0 0 0 rg BT 529.26 321.70 Td (current ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 310.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 82.55 310.30 Td (average ) Tj ET Q q 0 0 0 rg BT 112.56 310.30 Td (market ) Tj ET Q q 0 0 0 rg BT 138.24 310.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 153.53 310.30 Td (to ) Tj ET Q q 0 0 0 rg BT 161.90 310.30 Td (be ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 172.43 310.30 Td ($15.90) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 196.25 310.30 Td ( ) Tj ET Q q 0 0 0 rg BT 198.12 310.30 Td (per ) Tj ET Q q 0 0 0 rg BT 211.24 310.30 Td (square ) Tj ET Q q 0 0 0 rg BT 236.93 310.30 Td (foot ) Tj ET Q q 0 0 0 rg BT 251.79 310.30 Td (for ) Tj ET Q q 0 0 0 rg BT 262.75 310.30 Td (the ) Tj ET Q q 0 0 0 rg BT 275.45 310.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 305.02 310.30 Td (in ) Tj ET Q q 0 0 0 rg BT 312.95 310.30 Td (which ) Tj ET Q q 0 0 0 rg BT 334.73 310.30 Td (the ) Tj ET Q q 0 0 0 rg BT 347.42 310.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 372.42 310.30 Td (of) Tj ET Q q 0 0 0 rg BT 378.79 310.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 392.78 310.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 429.28 310.30 Td (are ) Tj ET Q q 0 0 0 rg BT 442.41 310.30 Td (located, ) Tj ET Q q 0 0 0 rg BT 471.56 310.30 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.35 310.30 Td ($0.82) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 499.85 310.30 Td ( ) Tj ET Q q 0 0 0 rg BT 501.72 310.30 Td (per ) Tj ET Q q 0 0 0 rg BT 514.84 310.30 Td (square ) Tj ET Q q 0 0 0 rg BT 540.52 310.30 Td (foot) Tj ET Q BT /F2 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 298.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 73.15 298.90 Td (than ) Tj ET Q q 0 0 0 rg BT 90.30 298.90 Td (the ) Tj ET Q q 0 0 0 rg BT 103.13 298.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 128.26 298.90 Td (current ) Tj ET Q q 0 0 0 rg BT 154.50 298.90 Td (in ) Tj ET Q q 0 0 0 rg BT 162.55 298.90 Td (place ) Tj ET Q q 0 0 0 rg BT 183.17 298.90 Td (rental ) Tj ET Q q 0 0 0 rg BT 204.65 298.90 Td (rates. ) Tj ET Q q 0 0 0 rg BT 226.01 298.90 Td (This ) Tj ET Q q 0 0 0 rg BT 242.72 298.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 274.16 298.90 Td (of ) Tj ET Q q 0 0 0 rg BT 282.65 298.90 Td (current ) Tj ET Q q 0 0 0 rg BT 308.89 298.90 Td (market ) Tj ET Q q 0 0 0 rg BT 334.70 298.90 Td (rent ) Tj ET Q q 0 0 0 rg BT 350.11 298.90 Td (is ) Tj ET Q q 0 0 0 rg BT 357.73 298.90 Td (based ) Tj ET Q q 0 0 0 rg BT 380.95 298.90 Td (on ) Tj ET Q q 0 0 0 rg BT 391.61 298.90 Td (Management's ) Tj ET Q q 0 0 0 rg BT 444.47 298.90 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 481.97 298.90 Td (third ) Tj ET Q q 0 0 0 rg BT 499.12 298.90 Td (party ) Tj ET Q q 0 0 0 rg BT 518.44 298.90 Td (valuations ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 287.50 Td (and ) Tj ET Q q 0 0 0 rg BT 64.31 287.50 Td (leasing ) Tj ET Q q 0 0 0 rg BT 90.81 287.50 Td (data ) Tj ET Q q 0 0 0 rg BT 107.78 287.50 Td (obtained ) Tj ET Q q 0 0 0 rg BT 139.48 287.50 Td (from ) Tj ET Q q 0 0 0 rg BT 156.87 287.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 179.47 287.50 Td (new ) Tj ET Q q 0 0 0 rg BT 195.57 287.50 Td (and ) Tj ET Q q 0 0 0 rg BT 210.38 287.50 Td (renewed ) Tj ET Q q 0 0 0 rg BT 242.07 287.50 Td (leasing ) Tj ET Q q 0 0 0 rg BT 268.56 287.50 Td (activity) Tj ET Q q 0 0 0 rg BT 291.81 287.50 Td (. ) Tj ET Q q 0 0 0 rg BT 295.79 287.50 Td (While ) Tj ET Q q 0 0 0 rg BT 317.08 287.50 Td (there ) Tj ET Q q 0 0 0 rg BT 336.64 287.50 Td (are ) Tj ET Q q 0 0 0 rg BT 349.71 287.50 Td (no ) Tj ET Q q 0 0 0 rg BT 360.19 287.50 Td (assurances ) Tj ET Q q 0 0 0 rg BT 401.84 287.50 Td (that ) Tj ET Q q 0 0 0 rg BT 416.65 287.50 Td (maturing ) Tj ET Q q 0 0 0 rg BT 448.77 287.50 Td (leases ) Tj ET Q q 0 0 0 rg BT 473.10 287.50 Td (will ) Tj ET Q q 0 0 0 rg BT 485.72 287.50 Td (be ) Tj ET Q q 0 0 0 rg BT 496.20 287.50 Td (renewed ) Tj ET Q q 0 0 0 rg BT 527.88 287.50 Td (at ) Tj ET Q q 0 0 0 rg BT 536.19 287.50 Td (rates ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 276.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.73 276.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 84.16 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.83 276.10 Td (current ) Tj ET Q q 0 0 0 rg BT 119.25 276.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.48 276.10 Td (place ) Tj ET Q q 0 0 0 rg BT 148.28 276.10 Td (rents, ) Tj ET Q q 0 0 0 rg BT 169.94 276.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.04 276.10 Td (at ) Tj ET Q q 0 0 0 rg BT 187.71 276.10 Td (all, ) Tj ET Q q 0 0 0 rg BT 199.84 276.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 247.48 276.10 Td (compares ) Tj ET Q q 0 0 0 rg BT 283.86 276.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.10 276.10 Td (place ) Tj ET Q q 0 0 0 rg BT 312.89 276.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.56 276.10 Td (market ) Tj ET Q q 0 0 0 rg BT 347.55 276.10 Td (rents ) Tj ET Q q 0 0 0 rg BT 367.04 276.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.71 276.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 412.53 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.53 276.10 Td (future ) Tj ET Q q 0 0 0 rg BT 447.63 276.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 477.95 276.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 508.71 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.38 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.38 276.10 Td (REIT's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 264.70 Td (current ) Tj ET Q q 0 0 0 rg BT 75.91 264.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 105.80 264.70 Td (and ) Tj ET Q q 0 0 0 rg BT 120.96 264.70 Td (roll-over ) Tj ET Q q 0 0 0 rg BT 151.26 264.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 181.58 264.70 Td (risk. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 247.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 247.30 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 247.30 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 247.30 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 247.30 Td (summary ) Tj ET Q q 0 0 0 rg BT 146.06 247.30 Td (of ) Tj ET Q q 0 0 0 rg BT 154.72 247.30 Td (the ) Tj ET Q q 0 0 0 rg BT 167.72 247.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 193.02 247.30 Td (new ) Tj ET Q q 0 0 0 rg BT 209.47 247.30 Td (and ) Tj ET Q q 0 0 0 rg BT 224.64 247.30 Td (renewal ) Tj ET Q q 0 0 0 rg BT 254.08 247.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 280.93 247.30 Td (activity ) Tj ET Q q 0 0 0 rg BT 306.92 247.30 Td (for ) Tj ET Q q 0 0 0 rg BT 318.18 247.30 Td (the ) Tj ET Q q 0 0 0 rg BT 331.17 247.30 Td (past ) Tj ET Q q 0 0 0 rg BT 348.07 247.30 Td (five ) Tj ET Q q 0 0 0 rg BT 362.36 247.30 Td (quarters:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 230.79999999999995 m 133 230.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133 230.79999999999995 m 203 230.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203 230.79999999999995 m 273 230.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 230.79999999999995 m 343 230.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 230.79999999999995 m 413 230.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 230.79999999999995 m 483 230.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 230.79999999999995 m 553 230.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 215.79999999999995 m 133 215.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 191.79999999999995 m 133 191.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 133 215.79999999999995 m 203 215.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 133 191.79999999999995 m 203 191.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203 215.79999999999995 m 273 215.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203 191.79999999999995 m 273 191.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 273 215.79999999999995 m 343 215.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 273 191.79999999999995 m 343 191.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 343 215.79999999999995 m 413 215.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 343 191.79999999999995 m 413 191.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 413 215.79999999999995 m 483 215.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 413 191.79999999999995 m 483 191.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 215.79999999999995 m 553 215.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483 191.79999999999995 m 553 191.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 116.79999999999995 m 133 116.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133 116.79999999999995 m 203 116.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203 116.79999999999995 m 273 116.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 116.79999999999995 m 343 116.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 116.79999999999995 m 413 116.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 116.79999999999995 m 483 116.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 116.79999999999995 m 553 116.79999999999995 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 233.55 220.33 Td (Renewals) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.45 220.33 Td (New leases) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.45 220.33 Td (T) Tj ET Q q 0 0 0 rg BT 535.92 220.33 Td (otal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 196.33 Td (Quarter) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 183.30 196.33 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 230.55 205.83 Td (Number of) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 245.65 196.33 Td (leases) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.30 196.33 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 370.55 205.83 Td (Number of) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 385.65 196.33 Td (leases) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.30 196.33 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.55 205.83 Td (Number of) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 525.65 196.33 Td (leases) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 181.33 Td (Q4 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 176.05 181.33 Td (33,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 261.20 181.33 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.05 181.38 Td (26,834) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 181.33 Td (10) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.05 181.33 Td (59,834) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.20 181.33 Td (25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 166.33 Td (Q1 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 176.05 166.33 Td (45,893) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 265.55 166.33 Td (8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.70 166.33 Td (192,757) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 166.33 Td (1) Tj ET Q q 0 0 0 rg BT 405.53 166.33 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.70 166.33 Td (238,650) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.20 166.33 Td (19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 151.33 Td (Q2 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 176.05 151.33 Td (92,484) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 261.20 151.33 Td (13) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.05 151.38 Td (53,473) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 151.33 Td (17) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.70 151.33 Td (145,957) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.20 151.33 Td (30) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 136.33 Td (Q3 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 171.70 136.33 Td (129,839) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 261.20 136.33 Td (20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.70 136.33 Td (1) Tj ET Q q 0 0 0 rg BT 316.03 136.33 Td (14,013) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 136.33 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.70 136.33 Td (243,852) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.20 136.33 Td (35) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 121.33 Td (Q4 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 171.70 121.33 Td (288,765) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 261.20 121.33 Td (29) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.05 121.38 Td (68,898) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.20 121.33 Td (17) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.70 121.33 Td (357,663) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.20 121.33 Td (46) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 99.90 Td (TENANT ) Tj ET Q q 0 0 0 rg BT 83.25 99.90 Td (PROFILE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 82.50 Td (Management's ) Tj ET Q q 0 0 0 rg BT 102.24 82.50 Td (strategy ) Tj ET Q q 0 0 0 rg BT 131.83 82.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 162.29 82.50 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 194.05 82.50 Td (that ) Tj ET Q q 0 0 0 rg BT 208.93 82.50 Td (the ) Tj ET Q q 0 0 0 rg BT 221.64 82.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 246.65 82.50 Td (tenants ) Tj ET Q q 0 0 0 rg BT 274.08 82.50 Td (are ) Tj ET Q q 0 0 0 rg BT 287.22 82.50 Td (diversified ) Tj ET Q q 0 0 0 rg BT 324.17 82.50 Td (and ) Tj ET Q q 0 0 0 rg BT 339.04 82.50 Td (of ) Tj ET Q q 0 0 0 rg BT 347.42 82.50 Td (high ) Tj ET Q q 0 0 0 rg BT 364.02 82.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 384.95 82.50 Td (quality) Tj ET Q q 0 0 0 rg BT 406.90 82.50 Td (. ) Tj ET Q q 0 0 0 rg BT 410.57 82.50 Td (A) Tj ET Q q 0 0 0 rg BT 415.34 82.50 Td ( ) Tj ET Q q 0 0 0 rg BT 417.22 82.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 440.75 82.50 Td (quality ) Tj ET Q q 0 0 0 rg BT 465.15 82.50 Td (tenant ) Tj ET Q q 0 0 0 rg BT 488.69 82.50 Td (base ) Tj ET Q q 0 0 0 rg BT 507.46 82.50 Td (increases ) Tj ET Q q 0 0 0 rg BT 542.68 82.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 71.10 Td (durability ) Tj ET Q q 0 0 0 rg BT 82.98 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.77 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.90 71.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 130.33 71.10 Td (income ) Tj ET Q q 0 0 0 rg BT 157.75 71.10 Td (through ) Tj ET Q q 0 0 0 rg BT 186.47 71.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 222.11 71.10 Td (cycles, ) Tj ET Q q 0 0 0 rg BT 248.22 71.10 Td (which ) Tj ET Q q 0 0 0 rg BT 270.43 71.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 297.41 71.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 323.09 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.89 71.10 Td (their ) Tj ET Q q 0 0 0 rg BT 349.34 71.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 385.43 71.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 407.64 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.44 71.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 436.06 71.10 Td (their ) Tj ET Q q 0 0 0 rg BT 453.51 71.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 474.44 71.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 513.98 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.78 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.91 71.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 553.52 71.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 59.70 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 59.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 96.29 59.70 Td (to ) Tj ET Q q 0 0 0 rg BT 104.95 59.70 Td (retain ) Tj ET Q q 0 0 0 rg BT 126.61 59.70 Td (their ) Tj ET Q q 0 0 0 rg BT 143.93 59.70 Td (workforce, ) Tj ET Q q 0 0 0 rg BT 182.03 59.70 Td (which ) Tj ET Q q 0 0 0 rg BT 204.11 59.70 Td (directly ) Tj ET Q q 0 0 0 rg BT 230.95 59.70 Td (impacts ) Tj ET Q q 0 0 0 rg BT 259.96 59.70 Td (their ) Tj ET Q q 0 0 0 rg BT 277.29 59.70 Td (need ) Tj ET Q q 0 0 0 rg BT 296.78 59.70 Td (for ) Tj ET Q q 0 0 0 rg BT 308.04 59.70 Td (of) Tj ET Q q 0 0 0 rg BT 314.41 59.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 328.70 59.70 Td (space. ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 31.95 Td (Page 9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 110.99 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.99 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 143.33 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 149.39 742.10 Td (top ) Tj ET Q q 0 0 0 rg BT 162.39 742.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 173.22 742.10 Td (largest ) Tj ET Q q 0 0 0 rg BT 198.77 742.10 Td (tenants ) Tj ET Q q 0 0 0 rg BT 226.50 742.10 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 235.16 742.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 286.26 742.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 303.59 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 307.92 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 330.00 742.10 Td (together ) Tj ET Q q 0 0 0 rg BT 360.76 742.10 Td (represent ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 395.84 742.10 Td (43.8%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.93 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.09 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.76 742.10 Td (base ) Tj ET Q q 0 0 0 rg BT 447.82 742.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 469.47 742.10 Td (receipts:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 725.6 m 204 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 692.6 m 204 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 725.6 m 274 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 692.6 m 274 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 725.6 m 344 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 692.6 m 344 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 725.6 m 414 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 692.6 m 414 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 725.6 m 484 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 692.6 m 484 692.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 725.6 m 554 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 692.6 m 554 692.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 552.6 m 204 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 538.6 m 204 538.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 552.6 m 274 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 538.6 m 274 538.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 552.6 m 344 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 538.6 m 344 538.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 552.6 m 414 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 538.6 m 414 538.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 552.6 m 484 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 538.6 m 484 538.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 552.6 m 554 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 538.6 m 554 538.6 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 697.13 Td (T) Tj ET Q q 0 0 0 rg BT 56.97 697.13 Td (enant) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 211.15 697.13 Td (Credit rating ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 259.63 699.56 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.00 706.63 Td (GLA) Tj ET Q q 0 0 0 rg BT 310.30 706.63 Td ( \(square) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 324.05 697.13 Td (feet\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 371.55 706.63 Td (Number of) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 372.40 697.13 Td (properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 420.75 706.63 Td (% of base rental) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.60 697.13 Td (receipts) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.55 716.13 Td (W) Tj ET Q q 0 0 0 rg BT 522.77 716.13 Td (eighted) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 499.35 706.63 Td (average lease) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 505.90 697.13 Td (term \(years\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 683.13 Td (SNC-Lavalin Inc.) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 110.95 685.56 Td (\(2\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 230.70 683.13 Td (BBB) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.70 683.13 Td (544,881) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.55 683.13 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 683.13 Td (9.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 683.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 683.13 Td (5.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 669.13 Td (Government of Canada) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 230.90 669.13 Td (AAA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.70 669.13 Td (334,1) Tj ET Q q 0 0 0 rg BT 332.20 669.13 Td (17) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.55 669.13 Td (7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 669.13 Td (7.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 669.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 669.13 Td (5.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 655.13 Td (Province of New Brunswick) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 233.50 655.13 Td (AA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.70 655.13 Td (257,002) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.55 655.13 Td (7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 655.13 Td (4.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 655.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 655.13 Td (4.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 641.13 Td (Blue Cross) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.60 641.13 Td (Unrated) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.70 641.13 Td (192,745) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.55 641.13 Td (3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 641.13 Td (3.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 641.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 641.13 Td (10.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 627.13 Td (Bell Canada Enterprises) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 230.70 627.13 Td (BBB) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.70 627.13 Td (171,895) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.55 627.13 Td (5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 627.13 Td (8.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 627.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 627.13 Td (8.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 613.13 Td (Johnson Insurance) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 118.34 615.56 Td (\(3\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 236.10 613.13 Td (A) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.70 613.13 Td (154,018) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.55 613.13 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 613.13 Td (3.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 613.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 613.13 Td (10.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 599.13 Td (Province of Nova Scotia) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 233.50 599.13 Td (AA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.70 599.13 Td (131,877) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.55 599.13 Td (7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 599.13 Td (1.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 599.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 599.13 Td (1.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 585.13 Td (Concentrix ) Tj ET Q q 0 0 0 rg BT 91.77 585.13 Td (T) Tj ET Q q 0 0 0 rg BT 95.66 585.13 Td (echnologies) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.60 585.13 Td (Unrated) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.70 585.13 Td (103,179) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.55 585.13 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 585.13 Td (1.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 585.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 585.13 Td (4.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 571.13 Td (Bank of Nova Scotia) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 233.50 571.13 Td (AA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.05 571.18 Td (93,1) Tj ET Q q 0 0 0 rg BT 332.21 571.18 Td (12) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.55 571.13 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 571.13 Td (1.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 571.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 571.13 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 557.13 Td (Province of Manitoba) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 233.50 557.13 Td (AA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.05 557.18 Td (90,136) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.55 557.13 Td (7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.70 557.13 Td (1.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.55 557.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 557.13 Td (21.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 543.13 Td (T) Tj ET Q q 0 0 0 rg BT 56.69 543.13 Td (otal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.20 543.13 Td (2,072,962) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.35 543.13 Td (43.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.55 543.13 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 540.05 543.13 Td (6.6) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.73 530.10 Td (Source: ) Tj ET Q q 0 0 0 rg BT 81.63 530.10 Td (DBRS, ) Tj ET Q q 0 0 0 rg BT 102.13 530.10 Td (Moody's) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 58.73 521.10 Td (Includes ) Tj ET Q q 0 0 0 rg BT 83.35 521.10 Td (338,983 ) Tj ET Q q 0 0 0 rg BT 107.29 521.10 Td (square ) Tj ET Q q 0 0 0 rg BT 127.81 521.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 139.78 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.62 521.10 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 182.85 521.10 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 205.75 521.10 Td (Inc. ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 58.73 512.10 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 83.69 512.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 112.41 512.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.57 512.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.70 512.10 Td (sub-tenant ) Tj ET Q q 0 0 0 rg BT 154.47 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.32 512.10 Td (Bell ) Tj ET Q q 0 0 0 rg BT 173.28 512.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 196.53 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.50 512.10 Td (will ) Tj ET Q q 0 0 0 rg BT 218.75 512.10 Td (take ) Tj ET Q q 0 0 0 rg BT 232.09 512.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 263.21 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.70 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.96 512.10 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 304.93 512.10 Td (building ) Tj ET Q q 0 0 0 rg BT 327.84 512.10 Td (on ) Tj ET Q q 0 0 0 rg BT 336.39 512.10 Td (December ) Tj ET Q q 0 0 0 rg BT 366.47 512.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 373.31 512.10 Td (2020.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 494.70 Td (PROPERTY) Tj ET Q q 0 0 0 rg BT 92.21 494.70 Td ( ) Tj ET Q q 0 0 0 rg BT 94.38 494.70 Td (PROFILE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 477.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.14 477.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 90.48 477.30 Td (property ) Tj ET Q q 0 0 0 rg BT 121.27 477.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 151.20 477.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 159.91 477.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 211.05 477.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 228.38 477.30 Td (, ) Tj ET Q q 0 0 0 rg BT 232.76 477.30 Td (comprises ) Tj ET Q q 0 0 0 rg BT 270.47 477.30 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 319.87 477.30 Td (interests ) Tj ET Q q 0 0 0 rg BT 351.53 477.30 Td (in ) Tj ET Q q 0 0 0 rg BT 359.80 477.30 Td (thirty-four ) Tj ET Q q 0 0 0 rg BT 394.92 477.30 Td (of) Tj ET Q q 0 0 0 rg BT 401.28 477.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 415.62 477.30 Td (properties, ) Tj ET Q q 0 0 0 rg BT 454.64 477.30 Td (two ) Tj ET Q q 0 0 0 rg BT 468.97 477.30 Td (industrial ) Tj ET Q q 0 0 0 rg BT 502.36 477.30 Td (properties, ) Tj ET Q q 0 0 0 rg BT 541.38 477.30 Td (two ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 465.90 Td (retail ) Tj ET Q q 0 0 0 rg BT 68.61 465.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 105.47 465.90 Td (and ) Tj ET Q q 0 0 0 rg BT 120.69 465.90 Td (one ) Tj ET Q q 0 0 0 rg BT 135.91 465.90 Td (hotel. ) Tj ET Q q 0 0 0 rg BT 157.05 465.90 Td (The ) Tj ET Q q 0 0 0 rg BT 172.70 465.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 202.64 465.90 Td (comprises ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 240.36 465.90 Td (6.1 ) Tj ET Q q 0 0 0 rg BT 253.42 465.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 275.49 465.90 Td ( ) Tj ET Q q 0 0 0 rg BT 277.71 465.90 Td (square ) Tj ET Q q 0 0 0 rg BT 303.75 465.90 Td (feet ) Tj ET Q q 0 0 0 rg BT 318.97 465.90 Td (of ) Tj ET Q q 0 0 0 rg BT 327.70 465.90 Td (GLA. ) Tj ET Q q 0 0 0 rg BT 347.67 465.90 Td (Of ) Tj ET Q q 0 0 0 rg BT 358.13 465.90 Td (the ) Tj ET Q q 0 0 0 rg BT 371.18 465.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 396.53 465.90 Td (property ) Tj ET Q q 0 0 0 rg BT 427.33 465.90 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 459.44 465.90 Td (three ) Tj ET Q q 0 0 0 rg BT 479.42 465.90 Td (of ) Tj ET Q q 0 0 0 rg BT 488.14 465.90 Td (its ) Tj ET Q q 0 0 0 rg BT 498.16 465.90 Td (of) Tj ET Q q 0 0 0 rg BT 504.52 465.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 518.87 465.90 Td (properties ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 454.50 Td (are ) Tj ET Q q 0 0 0 rg BT 62.92 454.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 94.97 454.50 Td (classified ) Tj ET Q q 0 0 0 rg BT 129.18 454.50 Td (as ) Tj ET Q q 0 0 0 rg BT 139.57 454.50 Td (redevelopment. ) Tj ET Q q 0 0 0 rg BT 195.44 454.50 Td (For ) Tj ET Q q 0 0 0 rg BT 209.29 454.50 Td (a ) Tj ET Q q 0 0 0 rg BT 215.79 454.50 Td (listing ) Tj ET Q q 0 0 0 rg BT 237.88 454.50 Td (of ) Tj ET Q q 0 0 0 rg BT 246.54 454.50 Td (all ) Tj ET Q q 0 0 0 rg BT 256.50 454.50 Td (of ) Tj ET Q q 0 0 0 rg BT 265.17 454.50 Td (the ) Tj ET Q q 0 0 0 rg BT 278.17 454.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 303.47 454.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 340.28 454.50 Td (see ) Tj ET Q q 0 0 0 rg BT 355.00 454.50 Td (P) Tj ET Q q 0 0 0 rg BT 359.63 454.50 Td (AR) Tj ET Q q 0 0 0 rg BT 370.31 454.50 Td (T) Tj ET Q q 0 0 0 rg BT 374.94 454.50 Td ( ) Tj ET Q q 0 0 0 rg BT 377.10 454.50 Td (VI ) Tj ET Q q 0 0 0 rg BT 386.63 454.50 Td (of ) Tj ET Q q 0 0 0 rg BT 395.30 454.50 Td (this ) Tj ET Q q 0 0 0 rg BT 409.59 454.50 Td (MD&A. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (Acquisitions ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 419.70 Td (During ) Tj ET Q q 0 0 0 rg BT 74.23 419.70 Td (the ) Tj ET Q q 0 0 0 rg BT 86.84 419.70 Td (year ) Tj ET Q q 0 0 0 rg BT 103.78 419.70 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 127.23 419.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 177.94 419.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 195.27 419.70 Td (, ) Tj ET Q q 0 0 0 rg BT 199.22 419.70 Td (the ) Tj ET Q q 0 0 0 rg BT 211.84 419.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 229.44 419.70 Td ( ) Tj ET Q q 0 0 0 rg BT 231.23 419.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 262.90 419.70 Td (four ) Tj ET Q q 0 0 0 rg BT 278.10 419.70 Td (of) Tj ET Q q 0 0 0 rg BT 284.47 419.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 298.38 419.70 Td (properties, ) Tj ET Q q 0 0 0 rg BT 336.97 419.70 Td (including ) Tj ET Q q 0 0 0 rg BT 369.50 419.70 Td (W) Tj ET Q q 0 0 0 rg BT 376.72 419.70 Td (est ) Tj ET Q q 0 0 0 rg BT 388.90 419.70 Td (Metro ) Tj ET Q q 0 0 0 rg BT 410.60 419.70 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 447.02 419.70 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 474.35 419.70 Td (401-405 ) Tj ET Q q 0 0 0 rg BT 504.61 419.70 Td (The ) Tj ET Q q 0 0 0 rg BT 519.82 419.70 Td (W) Tj ET Q q 0 0 0 rg BT 527.04 419.70 Td (est ) Tj ET Q q 0 0 0 rg BT 539.22 419.70 Td (Mall ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 408.30 Td (in ) Tj ET Q q 0 0 0 rg BT 57.47 408.30 Td (Etobicoke, ) Tj ET Q q 0 0 0 rg BT 95.75 408.30 Td (ON ) Tj ET Q q 0 0 0 rg BT 109.34 408.30 Td (\("Commerce ) Tj ET Q q 0 0 0 rg BT 154.69 408.30 Td (W) Tj ET Q q 0 0 0 rg BT 161.91 408.30 Td (est"\), ) Tj ET Q q 0 0 0 rg BT 181.74 408.30 Td (250 ) Tj ET Q q 0 0 0 rg BT 196.64 408.30 Td (King ) Tj ET Q q 0 0 0 rg BT 214.13 408.30 Td (Street ) Tj ET Q q 0 0 0 rg BT 236.82 408.30 Td (and ) Tj ET Q q 0 0 0 rg BT 251.73 408.30 Td (460 ) Tj ET Q q 0 0 0 rg BT 266.51 408.30 Td (T) Tj ET Q q 0 0 0 rg BT 270.84 408.30 Td (wo ) Tj ET Q q 0 0 0 rg BT 282.70 408.30 Td (Nations ) Tj ET Q q 0 0 0 rg BT 311.02 408.30 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 343.66 408.30 Td (in ) Tj ET Q q 0 0 0 rg BT 351.63 408.30 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 395.10 408.30 Td (NB, ) Tj ET Q q 0 0 0 rg BT 409.99 408.30 Td (for ) Tj ET Q q 0 0 0 rg BT 420.98 408.30 Td (an ) Tj ET Q q 0 0 0 rg BT 431.55 408.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 468.54 408.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 502.50 408.30 Td (price ) Tj ET Q q 0 0 0 rg BT 521.29 408.30 Td (of ) Tj ET Q q 0 0 0 rg BT 529.69 408.30 Td ($244.5 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 396.90 Td (million, ) Tj ET Q q 0 0 0 rg BT 75.91 396.90 Td (net ) Tj ET Q q 0 0 0 rg BT 88.91 396.90 Td (of ) Tj ET Q q 0 0 0 rg BT 97.57 396.90 Td (adjustments. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 379.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.72 379.50 Td (est ) Tj ET Q q 0 0 0 rg BT 69.93 379.50 Td (Metro ) Tj ET Q q 0 0 0 rg BT 92.66 379.50 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 130.11 379.50 Td (Centre ) Tj ET Q q 0 0 0 rg BT 156.30 379.50 Td (is ) Tj ET Q q 0 0 0 rg BT 164.75 379.50 Td (a ) Tj ET Q q 0 0 0 rg BT 171.89 379.50 Td (616,364 ) Tj ET Q q 0 0 0 rg BT 202.87 379.50 Td (square ) Tj ET Q q 0 0 0 rg BT 229.51 379.50 Td (foot ) Tj ET Q q 0 0 0 rg BT 245.32 379.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 267.06 379.50 Td (A) Tj ET Q q 0 0 0 rg BT 271.83 379.50 Td ( ) Tj ET Q q 0 0 0 rg BT 274.64 379.50 Td (of) Tj ET Q q 0 0 0 rg BT 281.00 379.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 295.95 379.50 Td (complex, ) Tj ET Q q 0 0 0 rg BT 329.94 379.50 Td (consisting ) Tj ET Q q 0 0 0 rg BT 367.40 379.50 Td (of ) Tj ET Q q 0 0 0 rg BT 376.71 379.50 Td (three ) Tj ET Q q 0 0 0 rg BT 397.29 379.50 Td (of) Tj ET Q q 0 0 0 rg BT 403.65 379.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 418.59 379.50 Td (buildings ) Tj ET Q q 0 0 0 rg BT 452.16 379.50 Td (with ) Tj ET Q q 0 0 0 rg BT 468.82 379.50 Td (strong ) Tj ET Q q 0 0 0 rg BT 493.29 379.50 Td (location ) Tj ET Q q 0 0 0 rg BT 522.96 379.50 Td (and ) Tj ET Q q 0 0 0 rg BT 538.77 379.50 Td (high ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (visibility) Tj ET Q q 0 0 0 rg BT 75.77 368.10 Td (. ) Tj ET Q q 0 0 0 rg BT 79.88 368.10 Td (W) Tj ET Q q 0 0 0 rg BT 87.09 368.10 Td (est ) Tj ET Q q 0 0 0 rg BT 99.43 368.10 Td (Metro ) Tj ET Q q 0 0 0 rg BT 121.28 368.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 157.85 368.10 Td (Centre ) Tj ET Q q 0 0 0 rg BT 183.17 368.10 Td (has ) Tj ET Q q 0 0 0 rg BT 197.67 368.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 237.29 368.10 Td (grade ) Tj ET Q q 0 0 0 rg BT 259.15 368.10 Td (tenants ) Tj ET Q q 0 0 0 rg BT 286.64 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.58 368.10 Td (contributes ) Tj ET Q q 0 0 0 rg BT 341.63 368.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 365.22 368.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 399.65 368.10 Td (results ) Tj ET Q q 0 0 0 rg BT 424.53 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.97 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.74 368.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 470.81 368.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 500.46 368.10 Td (with ) Tj ET Q q 0 0 0 rg BT 516.25 368.10 Td (occupancy ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 57.69 356.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.32 356.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 125.65 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.34 356.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.84 356.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 135.79 356.10 Td (88.4%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 157.88 356.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.74 356.10 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 201.53 356.10 Td (W) Tj ET Q q 0 0 0 rg BT 208.74 356.10 Td (est ) Tj ET Q q 0 0 0 rg BT 220.83 356.10 Td (is ) Tj ET Q q 0 0 0 rg BT 228.15 356.10 Td (a ) Tj ET Q q 0 0 0 rg BT 234.18 356.10 Td (41) Tj ET Q q 0 0 0 rg BT 242.28 356.10 Td (1,842 ) Tj ET Q q 0 0 0 rg BT 263.47 356.10 Td (square ) Tj ET Q q 0 0 0 rg BT 288.98 356.10 Td (foot ) Tj ET Q q 0 0 0 rg BT 303.67 356.10 Td (suburban ) Tj ET Q q 0 0 0 rg BT 337.85 356.10 Td (of) Tj ET Q q 0 0 0 rg BT 344.21 356.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 358.03 356.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 388.74 356.10 Td (with ) Tj ET Q q 0 0 0 rg BT 404.28 356.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 443.23 356.10 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.42 356.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 502.04 356.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 519.37 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 521.07 356.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.26 356.10 Td (84.7%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 551.35 356.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 338.70 Td (250 ) Tj ET Q q 0 0 0 rg BT 64.64 338.70 Td (King ) Tj ET Q q 0 0 0 rg BT 82.37 338.70 Td (Street ) Tj ET Q q 0 0 0 rg BT 105.30 338.70 Td (and ) Tj ET Q q 0 0 0 rg BT 120.43 338.70 Td (460 ) Tj ET Q q 0 0 0 rg BT 135.44 338.70 Td (T) Tj ET Q q 0 0 0 rg BT 139.77 338.70 Td (wo ) Tj ET Q q 0 0 0 rg BT 151.86 338.70 Td (Nations ) Tj ET Q q 0 0 0 rg BT 180.42 338.70 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 213.29 338.70 Td (are ) Tj ET Q q 0 0 0 rg BT 226.69 338.70 Td (two ) Tj ET Q q 0 0 0 rg BT 240.95 338.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 262.57 338.70 Td (B ) Tj ET Q q 0 0 0 rg BT 269.91 338.70 Td (of) Tj ET Q q 0 0 0 rg BT 276.27 338.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 290.54 338.70 Td (building ) Tj ET Q q 0 0 0 rg BT 319.53 338.70 Td (consisting ) Tj ET Q q 0 0 0 rg BT 356.32 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 364.96 338.70 Td (80,162 ) Tj ET Q q 0 0 0 rg BT 390.93 338.70 Td (and ) Tj ET Q q 0 0 0 rg BT 406.07 338.70 Td (50,945 ) Tj ET Q q 0 0 0 rg BT 432.03 338.70 Td (square ) Tj ET Q q 0 0 0 rg BT 457.99 338.70 Td (feet, ) Tj ET Q q 0 0 0 rg BT 475.30 338.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 515.87 338.70 Td (, ) Tj ET Q q 0 0 0 rg BT 520.17 338.70 Td (located ) Tj ET Q q 0 0 0 rg BT 547.44 338.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 327.30 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 93.23 327.30 Td (NB. ) Tj ET Q q 0 0 0 rg BT 108.39 327.30 Td (Both ) Tj ET Q q 0 0 0 rg BT 126.58 327.30 Td (buildings ) Tj ET Q q 0 0 0 rg BT 159.50 327.30 Td (are ) Tj ET Q q 0 0 0 rg BT 172.92 327.30 Td (single ) Tj ET Q q 0 0 0 rg BT 195.44 327.30 Td (tenanted ) Tj ET Q q 0 0 0 rg BT 227.94 327.30 Td (and ) Tj ET Q q 0 0 0 rg BT 243.10 327.30 Td (100% ) Tj ET Q q 0 0 0 rg BT 265.19 327.30 Td (occupied ) Tj ET Q q 0 0 0 rg BT 298.54 327.30 Td (by ) Tj ET Q q 0 0 0 rg BT 308.94 327.30 Td (the ) Tj ET Q q 0 0 0 rg BT 321.94 327.30 Td (Province ) Tj ET Q q 0 0 0 rg BT 354.41 327.30 Td (of ) Tj ET Q q 0 0 0 rg BT 363.08 327.30 Td (New ) Tj ET Q q 0 0 0 rg BT 380.82 327.30 Td (Brunswick.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 310.79999999999995 m 184 310.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 286.79999999999995 m 184 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184 310.79999999999995 m 258 310.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 286.79999999999995 m 258 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 310.79999999999995 m 332 310.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 286.79999999999995 m 332 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 310.79999999999995 m 406 310.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332 286.79999999999995 m 406 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 310.79999999999995 m 480 310.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406 286.79999999999995 m 480 286.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 310.79999999999995 m 554 310.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480 286.79999999999995 m 554 286.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 286.79999999999995 m 184 286.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 286.79999999999995 m 258 286.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 286.79999999999995 m 332 286.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332 286.79999999999995 m 406 286.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406 286.79999999999995 m 480 286.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480 286.79999999999995 m 554 286.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 216.79999999999995 m 184 216.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 216.79999999999995 m 258 216.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 216.79999999999995 m 332 216.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332 216.79999999999995 m 406 216.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406 216.79999999999995 m 480 216.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480 216.79999999999995 m 554 216.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 174.79999999999995 m 184 174.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 184 174.79999999999995 m 258 174.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 174.79999999999995 m 332 174.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332 174.79999999999995 m 406 174.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406 174.79999999999995 m 480 174.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480 174.79999999999995 m 554 174.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 160.79999999999995 m 184 160.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184 160.79999999999995 m 258 160.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 160.79999999999995 m 332 160.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 160.79999999999995 m 406 160.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 160.79999999999995 m 480 160.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 160.79999999999995 m 554 160.79999999999995 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 212.65 300.83 Td (W) Tj ET Q q 0 0 0 rg BT 219.94 300.83 Td (est Metro) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 229.80 291.33 Td (Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 296.00 300.83 Td (250 King ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 291.33 Td (Street) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 372.30 300.83 Td (460 T) Tj ET Q q 0 0 0 rg BT 391.65 300.83 Td (wo ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 373.90 291.33 Td (Nations) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 436.20 300.83 Td (Commerce ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.00 291.33 Td (W) Tj ET Q q 0 0 0 rg BT 465.22 291.33 Td (est) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 532.45 291.33 Td (T) Tj ET Q q 0 0 0 rg BT 536.64 291.33 Td (otal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 277.33 Td (REIT) Tj ET Q q 0 0 0 rg BT 71.84 277.33 Td (s interest) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 237.55 277.33 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.55 277.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.55 277.33 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 324.55 277.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.55 277.33 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.55 277.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.55 277.33 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.55 277.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 263.33 Td (Number of properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 246.20 263.33 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 320.20 263.33 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.20 263.33 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.20 263.33 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 249.33 Td (Acquisition date) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 206.40 249.33 Td (April 25, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.40 249.33 Td (April 25, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 354.40 249.33 Td (April 25, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.25 249.33 Td (May 25, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 235.33 Td (Purchase price ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 106.63 237.76 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 186.50 235.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 222.35 235.33 Td (135,613) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 260.50 235.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.05 235.33 Td (9,750) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 334.50 235.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.05 235.33 Td (9,465) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 408.50 235.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 448.70 235.33 Td (89,660) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 482.50 235.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 522.70 235.33 Td (244,488) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 221.33 Td (T) Tj ET Q q 0 0 0 rg BT 56.98 221.33 Td (ransaction costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.05 221.33 Td (7,451) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.55 221.33 Td (210) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.55 221.33 Td (202) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 453.05 221.33 Td (4,506) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 527.05 221.33 Td (12,369) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 207.33 Td (Properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 222.35 207.33 Td (143,064) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.05 207.33 Td (9,960) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.05 207.33 Td (9,667) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 448.70 207.33 Td (94,166) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 522.70 207.33 Td (256,857) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 193.33 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 193.33 Td (orking capital) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 234.95 193.33 Td (\(729) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.55 193.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 308.95 193.33 Td (\(154) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 324.55 193.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.25 193.33 Td (\(15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.55 193.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.95 193.33 Td (\(309) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.55 193.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.80 193.33 Td (\(1,207) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 550.90 193.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 179.33 Td (Debt assumed ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 104.90 181.76 Td (\(2\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.10 179.33 Td (\(75,256) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.55 179.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.75 179.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.75 179.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.10 179.33 Td (\(68,384) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.55 179.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 520.10 179.33 Td (\(143,640) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 550.90 179.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 165.33 Td (T) Tj ET Q q 0 0 0 rg BT 56.40 165.33 Td (otal investment) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 186.50 165.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 226.70 165.33 Td (67,079) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 260.50 165.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.05 165.33 Td (9,806) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 334.50 165.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.05 165.33 Td (9,652) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 408.50 165.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 448.70 165.33 Td (25,473) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 482.50 165.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 522.70 165.33 Td (1) Tj ET Q q 0 0 0 rg BT 527.03 165.33 Td (12,010) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 152.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.73 152.30 Td (Net ) Tj ET Q q 0 0 0 rg BT 70.01 152.30 Td (of ) Tj ET Q q 0 0 0 rg BT 76.85 152.30 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 111.72 152.30 Td (from ) Tj ET Q q 0 0 0 rg BT 125.73 152.30 Td (the ) Tj ET Q q 0 0 0 rg BT 136.00 152.30 Td (vendor ) Tj ET Q q 0 0 0 rg BT 156.51 152.30 Td (related ) Tj ET Q q 0 0 0 rg BT 177.03 152.30 Td (to ) Tj ET Q q 0 0 0 rg BT 183.87 152.30 Td (tenant ) Tj ET Q q 0 0 0 rg BT 202.68 152.30 Td (improvements ) Tj ET Q q 0 0 0 rg BT 243.02 152.30 Td (and ) Tj ET Q q 0 0 0 rg BT 254.99 152.30 Td (other) Tj ET Q q 0 0 0 rg BT 268.67 152.30 Td (.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 143.30 Td (\(2\) Includes the impact of the mark-to-market adjustment and financing costs. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 125.90 Td (Consideration ) Tj ET Q q 0 0 0 rg BT 99.66 125.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 116.48 125.90 Td (for ) Tj ET Q q 0 0 0 rg BT 127.66 125.90 Td (all ) Tj ET Q q 0 0 0 rg BT 137.55 125.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 180.35 125.90 Td (in ) Tj ET Q q 0 0 0 rg BT 188.51 125.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 207.93 125.90 Td (was ) Tj ET Q q 0 0 0 rg BT 223.87 125.90 Td (comprised ) Tj ET Q q 0 0 0 rg BT 261.90 125.90 Td (of ) Tj ET Q q 0 0 0 rg BT 270.49 125.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 289.04 125.90 Td (and ) Tj ET Q q 0 0 0 rg BT 304.13 125.90 Td (a ) Tj ET Q q 0 0 0 rg BT 310.56 125.90 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 332.15 125.90 Td (million ) Tj ET Q q 0 0 0 rg BT 356.32 125.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 389.16 125.90 Td (of ) Tj ET Q q 0 0 0 rg BT 397.75 125.90 Td (units ) Tj ET Q q 0 0 0 rg BT 416.30 125.90 Td (in ) Tj ET Q q 0 0 0 rg BT 424.46 125.90 Td (the ) Tj ET Q q 0 0 0 rg BT 437.38 125.90 Td (form ) Tj ET Q q 0 0 0 rg BT 455.05 125.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.65 125.90 Td (a ) Tj ET Q q 0 0 0 rg BT 470.07 125.90 Td (private ) Tj ET Q q 0 0 0 rg BT 495.55 125.90 Td (placement ) Tj ET Q q 0 0 0 rg BT 533.58 125.90 Td (which ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 114.50 Td (closed ) Tj ET Q q 0 0 0 rg BT 74.19 114.50 Td (on ) Tj ET Q q 0 0 0 rg BT 84.59 114.50 Td (April ) Tj ET Q q 0 0 0 rg BT 102.34 114.50 Td (25, ) Tj ET Q q 0 0 0 rg BT 115.34 114.50 Td (2017.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (Acquisitions subsequent to December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 79.70 Td (On ) Tj ET Q q 0 0 0 rg BT 62.65 79.70 Td (February ) Tj ET Q q 0 0 0 rg BT 96.57 79.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 105.82 79.70 Td (2018, ) Tj ET Q q 0 0 0 rg BT 128.07 79.70 Td (the ) Tj ET Q q 0 0 0 rg BT 141.65 79.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 159.26 79.70 Td ( ) Tj ET Q q 0 0 0 rg BT 162.01 79.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 194.64 79.70 Td (a ) Tj ET Q q 0 0 0 rg BT 201.72 79.70 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 251.66 79.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 279.96 79.70 Td (in ) Tj ET Q q 0 0 0 rg BT 288.78 79.70 Td (an ) Tj ET Q q 0 0 0 rg BT 300.19 79.70 Td (of) Tj ET Q q 0 0 0 rg BT 306.56 79.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 321.43 79.70 Td (building ) Tj ET Q q 0 0 0 rg BT 351.04 79.70 Td (located ) Tj ET Q q 0 0 0 rg BT 378.91 79.70 Td (at ) Tj ET Q q 0 0 0 rg BT 388.16 79.70 Td (20 ) Tj ET Q q 0 0 0 rg BT 399.58 79.70 Td (South ) Tj ET Q q 0 0 0 rg BT 422.69 79.70 Td (Clark, ) Tj ET Q q 0 0 0 rg BT 445.78 79.70 Td (in ) Tj ET Q q 0 0 0 rg BT 454.59 79.70 Td (downtown ) Tj ET Q q 0 0 0 rg BT 492.42 79.70 Td (Chicago, ) Tj ET Q q 0 0 0 rg BT 525.91 79.70 Td (IL, ) Tj ET Q q 0 0 0 rg BT 537.33 79.70 Td (for ) Tj ET Q q 0 0 0 rg BT 549.17 79.70 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 68.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 83.72 68.30 Td (price ) Tj ET Q q 0 0 0 rg BT 102.77 68.30 Td (of ) Tj ET Q q 0 0 0 rg BT 111.43 68.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 128.75 68.30 Td ($85.6 ) Tj ET Q q 0 0 0 rg BT 150.41 68.30 Td (million. ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 10) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (On ) Tj ET Q q 0 0 0 rg BT 61.82 742.10 Td (January ) Tj ET Q q 0 0 0 rg BT 91.45 742.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 104.20 742.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 125.62 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.37 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 155.98 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.90 742.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 182.34 742.10 Td ($25.0 ) Tj ET Q q 0 0 0 rg BT 203.76 742.10 Td (million ) Tj ET Q q 0 0 0 rg BT 227.75 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.74 742.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 275.33 742.10 Td (debentures ) Tj ET Q q 0 0 0 rg BT 316.24 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.15 742.10 Td ($90.0 ) Tj ET Q q 0 0 0 rg BT 352.57 742.10 Td (million ) Tj ET Q q 0 0 0 rg BT 376.57 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.55 742.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 428.04 742.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 457.24 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 473.02 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 483.60 742.10 Td (overallotment ) Tj ET Q q 0 0 0 rg BT 532.29 742.10 Td (option ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 58.57 730.70 Td (15% ) Tj ET Q q 0 0 0 rg BT 76.73 730.70 Td (which ) Tj ET Q q 0 0 0 rg BT 99.21 730.70 Td (was ) Tj ET Q q 0 0 0 rg BT 115.63 730.70 Td (fully ) Tj ET Q q 0 0 0 rg BT 132.05 730.70 Td (exercised ) Tj ET Q q 0 0 0 rg BT 167.96 730.70 Td (on ) Tj ET Q q 0 0 0 rg BT 179.20 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 192.60 730.70 Td (convertible ) Tj ET Q q 0 0 0 rg BT 232.84 730.70 Td (debentures ) Tj ET Q q 0 0 0 rg BT 274.40 730.70 Td (as ) Tj ET Q q 0 0 0 rg BT 285.19 730.70 Td (well ) Tj ET Q q 0 0 0 rg BT 301.18 730.70 Td (as ) Tj ET Q q 0 0 0 rg BT 311.97 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 325.37 730.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 369.51 730.70 Td (receipts. ) Tj ET Q q 0 0 0 rg BT 401.37 730.70 Td (The ) Tj ET Q q 0 0 0 rg BT 417.36 730.70 Td (of) Tj ET Q q 0 0 0 rg BT 423.73 730.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 445.78 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 454.85 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 468.25 730.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 512.39 730.70 Td (receipts ) Tj ET Q q 0 0 0 rg BT 542.24 730.70 Td (are ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 719.30 Td (coterminous ) Tj ET Q q 0 0 0 rg BT 94.54 719.30 Td (with ) Tj ET Q q 0 0 0 rg BT 111.00 719.30 Td (the ) Tj ET Q q 0 0 0 rg BT 124.44 719.30 Td (proposed ) Tj ET Q q 0 0 0 rg BT 159.53 719.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 198.95 719.30 Td (of ) Tj ET Q q 0 0 0 rg BT 208.05 719.30 Td (seven ) Tj ET Q q 0 0 0 rg BT 231.45 719.30 Td (of) Tj ET Q q 0 0 0 rg BT 237.82 719.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 252.55 719.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 289.80 719.30 Td (located ) Tj ET Q q 0 0 0 rg BT 317.53 719.30 Td (in ) Tj ET Q q 0 0 0 rg BT 326.20 719.30 Td (the ) Tj ET Q q 0 0 0 rg BT 339.63 719.30 Td (Greater ) Tj ET Q q 0 0 0 rg BT 368.49 719.30 Td (T) Tj ET Q q 0 0 0 rg BT 372.39 719.30 Td (oronto ) Tj ET Q q 0 0 0 rg BT 396.57 719.30 Td (Area ) Tj ET Q q 0 0 0 rg BT 415.63 719.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 431.66 719.30 Td ("GT) Tj ET Q q 0 0 0 rg BT 444.68 719.30 Td (A"\) ) Tj ET Q q 0 0 0 rg BT 457.84 719.30 Td (and ) Tj ET Q q 0 0 0 rg BT 472.93 719.30 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 501.09 719.30 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 533.15 719.30 Td (for ) Tj ET Q q 0 0 0 rg BT 544.84 719.30 Td (an ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 707.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 86.99 707.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 121.44 707.90 Td (price ) Tj ET Q q 0 0 0 rg BT 140.72 707.90 Td (of ) Tj ET Q q 0 0 0 rg BT 149.62 707.90 Td ($191.4 ) Tj ET Q q 0 0 0 rg BT 175.85 707.90 Td (million ) Tj ET Q q 0 0 0 rg BT 200.32 707.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 216.15 707.90 Td ("Acquisitions"\). ) Tj ET Q q 0 0 0 rg BT 270.26 707.90 Td (These ) Tj ET Q q 0 0 0 rg BT 294.31 707.90 Td (seven ) Tj ET Q q 0 0 0 rg BT 317.50 707.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 342.42 707.90 Td (are ) Tj ET Q q 0 0 0 rg BT 356.08 707.90 Td (93% ) Tj ET Q q 0 0 0 rg BT 374.07 707.90 Td (occupied ) Tj ET Q q 0 0 0 rg BT 407.66 707.90 Td (with ) Tj ET Q q 0 0 0 rg BT 423.91 707.90 Td (a ) Tj ET Q q 0 0 0 rg BT 430.64 707.90 Td (weighted ) Tj ET Q q 0 0 0 rg BT 464.22 707.90 Td (average ) Tj ET Q q 0 0 0 rg BT 494.77 707.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 515.79 707.90 Td (term ) Tj ET Q q 0 0 0 rg BT 533.78 707.90 Td (of ) Tj ET Q q 0 0 0 rg BT 542.67 707.90 Td (4.9 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 696.50 Td (years. ) Tj ET Q q 0 0 0 rg BT 72.54 696.50 Td (The ) Tj ET Q q 0 0 0 rg BT 87.91 696.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 105.52 696.50 Td ( ) Tj ET Q q 0 0 0 rg BT 107.47 696.50 Td (expects ) Tj ET Q q 0 0 0 rg BT 136.27 696.50 Td (these ) Tj ET Q q 0 0 0 rg BT 157.28 696.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 181.74 696.50 Td (to ) Tj ET Q q 0 0 0 rg BT 190.19 696.50 Td (be ) Tj ET Q q 0 0 0 rg BT 200.80 696.50 Td (immediately ) Tj ET Q q 0 0 0 rg BT 244.31 696.50 Td (accretive ) Tj ET Q q 0 0 0 rg BT 277.43 696.50 Td (to ) Tj ET Q q 0 0 0 rg BT 285.50 696.50 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 308.22 696.50 Td (per ) Tj ET Q q 0 0 0 rg BT 321.42 696.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 335.93 696.50 Td (on ) Tj ET Q q 0 0 0 rg BT 346.54 696.50 Td (a ) Tj ET Q q 0 0 0 rg BT 352.82 696.50 Td (leverage-neutral ) Tj ET Q q 0 0 0 rg BT 411.06 696.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 431.20 696.50 Td (and ) Tj ET Q q 0 0 0 rg BT 446.14 696.50 Td (will ) Tj ET Q q 0 0 0 rg BT 458.90 696.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 490.30 696.50 Td (the ) Tj ET Q q 0 0 0 rg BT 503.07 696.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 528.15 696.50 Td (GLA) Tj ET Q q 0 0 0 rg BT 543.32 696.50 Td ( ) Tj ET Q q 0 0 0 rg BT 545.26 696.50 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 685.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 100.17 685.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 113.16 685.10 Td (million ) Tj ET Q q 0 0 0 rg BT 137.41 685.10 Td (square ) Tj ET Q q 0 0 0 rg BT 163.39 685.10 Td (feet. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 667.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.28 667.70 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 107.55 667.70 Td (are ) Tj ET Q q 0 0 0 rg BT 120.50 667.70 Td (part ) Tj ET Q q 0 0 0 rg BT 135.62 667.70 Td (of ) Tj ET Q q 0 0 0 rg BT 143.81 667.70 Td (a ) Tj ET Q q 0 0 0 rg BT 149.84 667.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 179.25 667.70 Td (of ) Tj ET Q q 0 0 0 rg BT 187.44 667.70 Td (real ) Tj ET Q q 0 0 0 rg BT 202.13 667.70 Td (estate ) Tj ET Q q 0 0 0 rg BT 225.05 667.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 249.26 667.70 Td (to ) Tj ET Q q 0 0 0 rg BT 257.46 667.70 Td (be ) Tj ET Q q 0 0 0 rg BT 267.81 667.70 Td (sold ) Tj ET Q q 0 0 0 rg BT 283.80 667.70 Td (by ) Tj ET Q q 0 0 0 rg BT 293.72 667.70 Td (Cominar ) Tj ET Q q 0 0 0 rg BT 324.85 667.70 Td (Real ) Tj ET Q q 0 0 0 rg BT 342.56 667.70 Td (Estate ) Tj ET Q q 0 0 0 rg BT 366.35 667.70 Td (Investment ) Tj ET Q q 0 0 0 rg BT 406.05 667.70 Td (T) Tj ET Q q 0 0 0 rg BT 410.52 667.70 Td (rust ) Tj ET Q q 0 0 0 rg BT 425.21 667.70 Td (\("Cominar"\) ) Tj ET Q q 0 0 0 rg BT 467.05 667.70 Td (and ) Tj ET Q q 0 0 0 rg BT 481.74 667.70 Td (which ) Tj ET Q q 0 0 0 rg BT 503.35 667.70 Td (are ) Tj ET Q q 0 0 0 rg BT 516.30 667.70 Td (the ) Tj ET Q q 0 0 0 rg BT 528.83 667.70 Td (subject ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 656.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.56 656.30 Td (a ) Tj ET Q q 0 0 0 rg BT 65.46 656.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 82.31 656.30 Td (contract ) Tj ET Q q 0 0 0 rg BT 112.59 656.30 Td (among ) Tj ET Q q 0 0 0 rg BT 138.97 656.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 159.29 656.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 195.20 656.30 Td (Real ) Tj ET Q q 0 0 0 rg BT 213.78 656.30 Td (Estate ) Tj ET Q q 0 0 0 rg BT 238.43 656.30 Td (Opportunity ) Tj ET Q q 0 0 0 rg BT 281.27 656.30 Td (Fund ) Tj ET Q q 0 0 0 rg BT 301.59 656.30 Td (I ) Tj ET Q q 0 0 0 rg BT 306.32 656.30 Td (LP) Tj ET Q q 0 0 0 rg BT 315.71 656.30 Td ( ) Tj ET Q q 0 0 0 rg BT 318.27 656.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 334.26 656.30 Td ("Fund"\) ) Tj ET Q q 0 0 0 rg BT 362.70 656.30 Td (and ) Tj ET Q q 0 0 0 rg BT 378.26 656.30 Td (Cominar) Tj ET Q q 0 0 0 rg BT 407.27 656.30 Td (. ) Tj ET Q q 0 0 0 rg BT 411.49 656.30 Td (As ) Tj ET Q q 0 0 0 rg BT 423.15 656.30 Td (part ) Tj ET Q q 0 0 0 rg BT 439.13 656.30 Td (of ) Tj ET Q q 0 0 0 rg BT 448.19 656.30 Td (the ) Tj ET Q q 0 0 0 rg BT 461.08 656.30 Td (Acquisitions, ) Tj ET Q q 0 0 0 rg BT 507.38 656.30 Td (the ) Tj ET Q q 0 0 0 rg BT 520.78 656.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 538.39 656.30 Td ( ) Tj ET Q q 0 0 0 rg BT 540.95 656.30 Td (has ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 644.90 Td (entered ) Tj ET Q q 0 0 0 rg BT 77.93 644.90 Td (into ) Tj ET Q q 0 0 0 rg BT 92.50 644.90 Td (an ) Tj ET Q q 0 0 0 rg BT 103.18 644.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 142.43 644.90 Td (with ) Tj ET Q q 0 0 0 rg BT 158.29 644.90 Td (the ) Tj ET Q q 0 0 0 rg BT 171.14 644.90 Td (Fund ) Tj ET Q q 0 0 0 rg BT 190.90 644.90 Td (to ) Tj ET Q q 0 0 0 rg BT 199.41 644.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 233.47 644.90 Td (the ) Tj ET Q q 0 0 0 rg BT 246.31 644.90 Td (seven ) Tj ET Q q 0 0 0 rg BT 269.11 644.90 Td (of) Tj ET Q q 0 0 0 rg BT 275.48 644.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 289.61 644.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 326.26 644.90 Td (and ) Tj ET Q q 0 0 0 rg BT 341.27 644.90 Td (will ) Tj ET Q q 0 0 0 rg BT 354.09 644.90 Td (assume ) Tj ET Q q 0 0 0 rg BT 383.38 644.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 400.56 644.90 Td (of ) Tj ET Q q 0 0 0 rg BT 409.07 644.90 Td ($81.9 ) Tj ET Q q 0 0 0 rg BT 430.57 644.90 Td (million ) Tj ET Q q 0 0 0 rg BT 454.66 644.90 Td (from ) Tj ET Q q 0 0 0 rg BT 472.25 644.90 Td (Cominar) Tj ET Q q 0 0 0 rg BT 501.26 644.90 Td (. ) Tj ET Q q 0 0 0 rg BT 505.31 644.90 Td (The ) Tj ET Q q 0 0 0 rg BT 520.74 644.90 Td (closing ) Tj ET Q q 0 0 0 rg BT 547.00 644.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 633.50 Td (the ) Tj ET Q q 0 0 0 rg BT 62.56 633.50 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 106.92 633.50 Td (are ) Tj ET Q q 0 0 0 rg BT 120.96 633.50 Td (conditional ) Tj ET Q q 0 0 0 rg BT 160.99 633.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 181.10 633.50 Td (the ) Tj ET Q q 0 0 0 rg BT 194.71 633.50 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 236.47 633.50 Td (of ) Tj ET Q q 0 0 0 rg BT 245.75 633.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 271.91 633.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 309.77 633.50 Td (including ) Tj ET Q q 0 0 0 rg BT 343.31 633.50 Td (minority ) Tj ET Q q 0 0 0 rg BT 373.36 633.50 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 410.35 633.50 Td (approval ) Tj ET Q q 0 0 0 rg BT 443.02 633.50 Td (at ) Tj ET Q q 0 0 0 rg BT 452.30 633.50 Td (a ) Tj ET Q q 0 0 0 rg BT 459.41 633.50 Td (meeting ) Tj ET Q q 0 0 0 rg BT 489.91 633.50 Td (of ) Tj ET Q q 0 0 0 rg BT 499.19 633.50 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 540.08 633.50 Td (\(the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 622.10 Td ("Unitholder ) Tj ET Q q 0 0 0 rg BT 89.99 622.10 Td (Meeting"\). ) Tj ET Q q 0 0 0 rg BT 127.46 622.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 155.67 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.40 622.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 196.50 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.23 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.84 622.10 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 261.64 622.10 Td (at ) Tj ET Q q 0 0 0 rg BT 270.37 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.42 622.10 Td (Unitholder ) Tj ET Q q 0 0 0 rg BT 321.15 622.10 Td (Meeting, ) Tj ET Q q 0 0 0 rg BT 353.26 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.88 622.10 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 409.67 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.16 622.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 457.00 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.73 622.10 Td (close ) Tj ET Q q 0 0 0 rg BT 486.14 622.10 Td (at ) Tj ET Q q 0 0 0 rg BT 494.86 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.92 622.10 Td (end ) Tj ET Q q 0 0 0 rg BT 523.14 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.87 622.10 Td (March ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 610.70 Td (2018. ) Tj ET Q q 0 0 0 rg BT 71.21 610.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.00 610.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 104.61 610.70 Td ( ) Tj ET Q q 0 0 0 rg BT 106.97 610.70 Td (is ) Tj ET Q q 0 0 0 rg BT 114.96 610.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 142.01 610.70 Td (to ) Tj ET Q q 0 0 0 rg BT 150.88 610.70 Td (possible ) Tj ET Q q 0 0 0 rg BT 181.82 610.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 214.07 610.70 Td (of ) Tj ET Q q 0 0 0 rg BT 222.93 610.70 Td (an ) Tj ET Q q 0 0 0 rg BT 233.96 610.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 265.78 610.70 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 320.10 610.70 Td (of ) Tj ET Q q 0 0 0 rg BT 328.96 610.70 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 346.49 610.70 Td (million ) Tj ET Q q 0 0 0 rg BT 370.93 610.70 Td (if ) Tj ET Q q 0 0 0 rg BT 377.19 610.70 Td (the ) Tj ET Q q 0 0 0 rg BT 389.92 610.70 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 433.85 610.70 Td (are ) Tj ET Q q 0 0 0 rg BT 447.47 610.70 Td (not ) Tj ET Q q 0 0 0 rg BT 460.67 610.70 Td (approved ) Tj ET Q q 0 0 0 rg BT 495.52 610.70 Td (by ) Tj ET Q q 0 0 0 rg BT 506.11 610.70 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 546.58 610.70 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 599.30 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 599.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.11 599.30 Td ( ) Tj ET Q q 0 0 0 rg BT 82.27 599.30 Td (defaults ) Tj ET Q q 0 0 0 rg BT 111.73 599.30 Td (on ) Tj ET Q q 0 0 0 rg BT 122.56 599.30 Td (the ) Tj ET Q q 0 0 0 rg BT 135.56 599.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 174.54 599.30 Td (agreement.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 581.90 Td (Acquisition pipeline) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 564.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.04 564.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.65 564.50 Td ( ) Tj ET Q q 0 0 0 rg BT 84.77 564.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 116.76 564.50 Td (has ) Tj ET Q q 0 0 0 rg BT 131.44 564.50 Td (a ) Tj ET Q q 0 0 0 rg BT 137.89 564.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 174.65 564.50 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 203.63 564.50 Td (of ) Tj ET Q q 0 0 0 rg BT 212.24 564.50 Td (active ) Tj ET Q q 0 0 0 rg BT 234.72 564.50 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 281.44 564.50 Td (in ) Tj ET Q q 0 0 0 rg BT 289.63 564.50 Td (the ) Tj ET Q q 0 0 0 rg BT 302.57 564.50 Td (cities ) Tj ET Q q 0 0 0 rg BT 322.45 564.50 Td (in ) Tj ET Q q 0 0 0 rg BT 330.63 564.50 Td (which ) Tj ET Q q 0 0 0 rg BT 352.66 564.50 Td (we ) Tj ET Q q 0 0 0 rg BT 364.73 564.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 393.27 564.50 Td (and ) Tj ET Q q 0 0 0 rg BT 408.39 564.50 Td (in ) Tj ET Q q 0 0 0 rg BT 416.57 564.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 446.39 564.50 Td (that ) Tj ET Q q 0 0 0 rg BT 461.51 564.50 Td (are ) Tj ET Q q 0 0 0 rg BT 474.88 564.50 Td (new ) Tj ET Q q 0 0 0 rg BT 491.29 564.50 Td (to ) Tj ET Q q 0 0 0 rg BT 499.90 564.50 Td (the ) Tj ET Q q 0 0 0 rg BT 512.85 564.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 529.73 564.50 Td (. ) Tj ET Q q 0 0 0 rg BT 534.02 564.50 Td (While ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 62.14 553.10 Td (number ) Tj ET Q q 0 0 0 rg BT 90.35 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.66 553.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 145.07 553.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.51 553.10 Td (high ) Tj ET Q q 0 0 0 rg BT 169.04 553.10 Td (we ) Tj ET Q q 0 0 0 rg BT 180.80 553.10 Td (will ) Tj ET Q q 0 0 0 rg BT 193.42 553.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 224.68 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.98 553.10 Td (be ) Tj ET Q q 0 0 0 rg BT 243.45 553.10 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 281.63 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.50 553.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.56 553.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 346.80 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.60 553.10 Td (pricing. ) Tj ET Q q 0 0 0 rg BT 388.41 553.10 Td (Throughout ) Tj ET Q q 0 0 0 rg BT 430.06 553.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 451.36 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.16 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.03 553.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 507.88 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.74 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.38 553.10 Td (second ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 541.70 Td (half ) Tj ET Q q 0 0 0 rg BT 63.86 541.70 Td (of ) Tj ET Q q 0 0 0 rg BT 72.15 541.70 Td (the ) Tj ET Q q 0 0 0 rg BT 84.78 541.70 Td (year) Tj ET Q q 0 0 0 rg BT 99.51 541.70 Td (, ) Tj ET Q q 0 0 0 rg BT 103.47 541.70 Td (the ) Tj ET Q q 0 0 0 rg BT 116.10 541.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 133.70 541.70 Td ( ) Tj ET Q q 0 0 0 rg BT 135.50 541.70 Td (has ) Tj ET Q q 0 0 0 rg BT 149.86 541.70 Td (decided ) Tj ET Q q 0 0 0 rg BT 178.94 541.70 Td (to ) Tj ET Q q 0 0 0 rg BT 187.24 541.70 Td (pass ) Tj ET Q q 0 0 0 rg BT 205.49 541.70 Td (on ) Tj ET Q q 0 0 0 rg BT 215.95 541.70 Td (or ) Tj ET Q q 0 0 0 rg BT 224.67 541.70 Td (has ) Tj ET Q q 0 0 0 rg BT 239.03 541.70 Td (been ) Tj ET Q q 0 0 0 rg BT 258.15 541.70 Td (outbid ) Tj ET Q q 0 0 0 rg BT 281.18 541.70 Td (on ) Tj ET Q q 0 0 0 rg BT 291.64 541.70 Td (a ) Tj ET Q q 0 0 0 rg BT 297.76 541.70 Td (number ) Tj ET Q q 0 0 0 rg BT 325.97 541.70 Td (of ) Tj ET Q q 0 0 0 rg BT 334.27 541.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 365.52 541.70 Td (property ) Tj ET Q q 0 0 0 rg BT 395.89 541.70 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 438.40 541.70 Td (in ) Tj ET Q q 0 0 0 rg BT 446.26 541.70 Td (the ) Tj ET Q q 0 0 0 rg BT 458.89 541.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 488.39 541.70 Td (in ) Tj ET Q q 0 0 0 rg BT 496.25 541.70 Td (which ) Tj ET Q q 0 0 0 rg BT 517.96 541.70 Td (it ) Tj ET Q q 0 0 0 rg BT 523.65 541.70 Td (currently ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 530.30 Td (operates. ) Tj ET Q q 0 0 0 rg BT 85.08 530.30 Td (W) Tj ET Q q 0 0 0 rg BT 92.30 530.30 Td (e ) Tj ET Q q 0 0 0 rg BT 99.73 530.30 Td (will ) Tj ET Q q 0 0 0 rg BT 113.65 530.30 Td (not ) Tj ET Q q 0 0 0 rg BT 127.58 530.30 Td (sacrifice ) Tj ET Q q 0 0 0 rg BT 159.25 530.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 195.26 530.30 Td (value ) Tj ET Q q 0 0 0 rg BT 216.98 530.30 Td (creation ) Tj ET Q q 0 0 0 rg BT 247.80 530.30 Td (for ) Tj ET Q q 0 0 0 rg BT 259.99 530.30 Td (short-term ) Tj ET Q q 0 0 0 rg BT 298.59 530.30 Td (income ) Tj ET Q q 0 0 0 rg BT 326.80 530.30 Td (and ) Tj ET Q q 0 0 0 rg BT 342.90 530.30 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 385.40 530.30 Td (have ) Tj ET Q q 0 0 0 rg BT 405.40 530.30 Td (not ) Tj ET Q q 0 0 0 rg BT 419.33 530.30 Td (pursued ) Tj ET Q q 0 0 0 rg BT 450.58 530.30 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 494.39 530.30 Td (that ) Tj ET Q q 0 0 0 rg BT 510.49 530.30 Td (do ) Tj ET Q q 0 0 0 rg BT 522.25 530.30 Td (not ) Tj ET Q q 0 0 0 rg BT 536.18 530.30 Td (meet ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 518.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 91.08 518.90 Td (return ) Tj ET Q q 0 0 0 rg BT 113.59 518.90 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 161.68 518.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 501.50 Td (In ) Tj ET Q q 0 0 0 rg BT 58.17 501.50 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 90.21 501.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 129.19 501.50 Td (properties, ) Tj ET Q q 0 0 0 rg BT 168.17 501.50 Td (we ) Tj ET Q q 0 0 0 rg BT 180.29 501.50 Td (have ) Tj ET Q q 0 0 0 rg BT 199.35 501.50 Td (a ) Tj ET Q q 0 0 0 rg BT 205.85 501.50 Td (bias ) Tj ET Q q 0 0 0 rg BT 222.31 501.50 Td (towards ) Tj ET Q q 0 0 0 rg BT 251.75 501.50 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 298.53 501.50 Td (with ) Tj ET Q q 0 0 0 rg BT 314.55 501.50 Td (the ) Tj ET Q q 0 0 0 rg BT 327.55 501.50 Td (following ) Tj ET Q q 0 0 0 rg BT 360.02 501.50 Td (two ) Tj ET Q q 0 0 0 rg BT 374.31 501.50 Td (characteristics: ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 484.10 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 67.50 484.10 Td (Meaningful ) Tj ET Q q 0 0 0 rg BT 107.74 484.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 138.88 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.50 484.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 192.50 484.10 Td (cost) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 206.79 484.10 Td (: ) Tj ET Q q 0 0 0 rg BT 211.08 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.79 484.10 Td (A) Tj ET Q q 0 0 0 rg BT 217.56 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.68 484.10 Td (property ) Tj ET Q q 0 0 0 rg BT 250.38 484.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 288.89 484.10 Td (well ) Tj ET Q q 0 0 0 rg BT 304.43 484.10 Td (below ) Tj ET Q q 0 0 0 rg BT 326.90 484.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 371.90 484.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 388.31 484.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 419.88 484.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 460.56 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 471.77 484.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 511.57 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.76 484.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 546.57 484.10 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 472.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 88.76 472.70 Td (repositioning, ) Tj ET Q q 0 0 0 rg BT 137.73 472.70 Td (with ) Tj ET Q q 0 0 0 rg BT 154.21 472.70 Td (favourable ) Tj ET Q q 0 0 0 rg BT 193.23 472.70 Td (economic ) Tj ET Q q 0 0 0 rg BT 229.20 472.70 Td (returns ) Tj ET Q q 0 0 0 rg BT 256.08 472.70 Td (to ) Tj ET Q q 0 0 0 rg BT 265.21 472.70 Td (the ) Tj ET Q q 0 0 0 rg BT 278.68 472.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 296.28 472.70 Td ( ) Tj ET Q q 0 0 0 rg BT 298.92 472.70 Td (in ) Tj ET Q q 0 0 0 rg BT 307.61 472.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 334.49 472.70 Td (of ) Tj ET Q q 0 0 0 rg BT 343.62 472.70 Td (new ) Tj ET Q q 0 0 0 rg BT 360.54 472.70 Td (build. ) Tj ET Q q 0 0 0 rg BT 381.80 472.70 Td (W) Tj ET Q q 0 0 0 rg BT 389.02 472.70 Td (e ) Tj ET Q q 0 0 0 rg BT 395.98 472.70 Td (also ) Tj ET Q q 0 0 0 rg BT 412.91 472.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 440.23 472.70 Td (that ) Tj ET Q q 0 0 0 rg BT 455.86 472.70 Td (price ) Tj ET Q q 0 0 0 rg BT 475.37 472.70 Td (per ) Tj ET Q q 0 0 0 rg BT 489.26 472.70 Td (square ) Tj ET Q q 0 0 0 rg BT 515.71 472.70 Td (foot, ) Tj ET Q q 0 0 0 rg BT 533.51 472.70 Td (if ) Tj ET Q q 0 0 0 rg BT 540.04 472.70 Td (at ) Tj ET Q q 0 0 0 rg BT 549.17 472.70 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 461.30 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 108.11 461.30 Td (discount ) Tj ET Q q 0 0 0 rg BT 139.63 461.30 Td (to ) Tj ET Q q 0 0 0 rg BT 148.63 461.30 Td (replacement ) Tj ET Q q 0 0 0 rg BT 194.01 461.30 Td (cost, ) Tj ET Q q 0 0 0 rg BT 212.97 461.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 244.91 461.30 Td (prudent ) Tj ET Q q 0 0 0 rg BT 273.84 461.30 Td (downside ) Tj ET Q q 0 0 0 rg BT 309.25 461.30 Td (protection ) Tj ET Q q 0 0 0 rg BT 345.97 461.30 Td (while ) Tj ET Q q 0 0 0 rg BT 366.22 461.30 Td (retaining ) Tj ET Q q 0 0 0 rg BT 398.60 461.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 435.75 461.30 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 476.80 461.30 Td (to ) Tj ET Q q 0 0 0 rg BT 485.80 461.30 Td (attract ) Tj ET Q q 0 0 0 rg BT 509.95 461.30 Td (tenants ) Tj ET Q q 0 0 0 rg BT 538.01 461.30 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 461.30 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 449.90 Td (competitive ) Tj ET Q q 0 0 0 rg BT 109.07 449.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 131.59 449.90 Td (especially ) Tj ET Q q 0 0 0 rg BT 167.97 449.90 Td (when ) Tj ET Q q 0 0 0 rg BT 188.76 449.90 Td (competing ) Tj ET Q q 0 0 0 rg BT 226.87 449.90 Td (against ) Tj ET Q q 0 0 0 rg BT 254.16 449.90 Td (new ) Tj ET Q q 0 0 0 rg BT 270.61 449.90 Td (build. ) Tj ET Q q 0 0 0 rg BT 291.41 449.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 432.50 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 67.50 432.50 Td (Opportunity ) Tj ET Q q 0 0 0 rg BT 109.19 432.50 Td (for ) Tj ET Q q 0 0 0 rg BT 119.70 432.50 Td (value ) Tj ET Q q 0 0 0 rg BT 139.74 432.50 Td (creation) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 167.46 432.50 Td (: ) Tj ET Q q 0 0 0 rg BT 171.04 432.50 Td (W) Tj ET Q q 0 0 0 rg BT 178.25 432.50 Td (e ) Tj ET Q q 0 0 0 rg BT 184.00 432.50 Td (are ) Tj ET Q q 0 0 0 rg BT 196.67 432.50 Td (focused ) Tj ET Q q 0 0 0 rg BT 225.38 432.50 Td (on ) Tj ET Q q 0 0 0 rg BT 235.46 432.50 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 281.48 432.50 Td (that ) Tj ET Q q 0 0 0 rg BT 295.90 432.50 Td (will ) Tj ET Q q 0 0 0 rg BT 308.13 432.50 Td (create ) Tj ET Q q 0 0 0 rg BT 331.19 432.50 Td (value ) Tj ET Q q 0 0 0 rg BT 351.23 432.50 Td (for ) Tj ET Q q 0 0 0 rg BT 361.74 432.50 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 403.43 432.50 Td ( ) Tj ET Q q 0 0 0 rg BT 404.85 432.50 Td (W) Tj ET Q q 0 0 0 rg BT 412.06 432.50 Td (e ) Tj ET Q q 0 0 0 rg BT 417.81 432.50 Td (are ) Tj ET Q q 0 0 0 rg BT 430.48 432.50 Td (less ) Tj ET Q q 0 0 0 rg BT 445.76 432.50 Td (focused ) Tj ET Q q 0 0 0 rg BT 474.46 432.50 Td (on ) Tj ET Q q 0 0 0 rg BT 484.54 432.50 Td (immediate ) Tj ET Q q 0 0 0 rg BT 521.89 432.50 Td (accretion ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 421.10 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 82.70 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.74 421.10 Td (next ) Tj ET Q q 0 0 0 rg BT 112.68 421.10 Td (quarter\) ) Tj ET Q q 0 0 0 rg BT 142.17 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.37 421.10 Td (more ) Tj ET Q q 0 0 0 rg BT 177.33 421.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 206.83 421.10 Td (on ) Tj ET Q q 0 0 0 rg BT 217.71 421.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 242.87 421.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 285.79 421.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.00 421.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 320.96 421.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.26 421.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 369.12 421.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 392.12 421.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 422.05 421.10 Td (over ) Tj ET Q q 0 0 0 rg BT 439.41 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.45 421.10 Td (medium ) Tj ET Q q 0 0 0 rg BT 482.37 421.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 502.33 421.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.54 421.10 Td (Properties ) Tj ET Q q 0 0 0 rg BT 542.25 421.10 Td (are ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 409.70 Td (attractive ) Tj ET Q q 0 0 0 rg BT 101.25 409.70 Td (to ) Tj ET Q q 0 0 0 rg BT 109.88 409.70 Td (us ) Tj ET Q q 0 0 0 rg BT 120.24 409.70 Td (if ) Tj ET Q q 0 0 0 rg BT 126.27 409.70 Td (they ) Tj ET Q q 0 0 0 rg BT 143.13 409.70 Td (are ) Tj ET Q q 0 0 0 rg BT 156.52 409.70 Td (located ) Tj ET Q q 0 0 0 rg BT 183.78 409.70 Td (in ) Tj ET Q q 0 0 0 rg BT 191.97 409.70 Td (a ) Tj ET Q q 0 0 0 rg BT 198.44 409.70 Td (stable ) Tj ET Q q 0 0 0 rg BT 221.36 409.70 Td (market, ) Tj ET Q q 0 0 0 rg BT 249.47 409.70 Td (in ) Tj ET Q q 0 0 0 rg BT 257.67 409.70 Td (good ) Tj ET Q q 0 0 0 rg BT 277.13 409.70 Td (physical ) Tj ET Q q 0 0 0 rg BT 307.41 409.70 Td (condition ) Tj ET Q q 0 0 0 rg BT 340.73 409.70 Td (and ) Tj ET Q q 0 0 0 rg BT 355.86 409.70 Td (have ) Tj ET Q q 0 0 0 rg BT 374.89 409.70 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 421.63 409.70 Td (to ) Tj ET Q q 0 0 0 rg BT 430.27 409.70 Td (drive ) Tj ET Q q 0 0 0 rg BT 449.28 409.70 Td (value ) Tj ET Q q 0 0 0 rg BT 470.04 409.70 Td (by ) Tj ET Q q 0 0 0 rg BT 480.40 409.70 Td (moving ) Tj ET Q q 0 0 0 rg BT 507.65 409.70 Td (existing ) Tj ET Q q 0 0 0 rg BT 536.20 409.70 Td (rents ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 398.30 Td (to ) Tj ET Q q 0 0 0 rg BT 76.17 398.30 Td (market ) Tj ET Q q 0 0 0 rg BT 102.14 398.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 121.63 398.30 Td (and/or ) Tj ET Q q 0 0 0 rg BT 145.89 398.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 177.50 398.30 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 216.92 398.30 Td (through ) Tj ET Q q 0 0 0 rg BT 245.50 398.30 Td (focused ) Tj ET Q q 0 0 0 rg BT 274.96 398.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 301.81 398.30 Td (or ) Tj ET Q q 0 0 0 rg BT 310.91 398.30 Td (repositioning.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 380.90 Td (Non-core ) Tj ET Q q 0 0 0 rg BT 83.37 380.90 Td (of) Tj ET Q q 0 0 0 rg BT 89.73 380.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 103.69 380.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 140.16 380.90 Td (will ) Tj ET Q q 0 0 0 rg BT 152.80 380.90 Td (often ) Tj ET Q q 0 0 0 rg BT 171.96 380.90 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 195.88 380.90 Td (these ) Tj ET Q q 0 0 0 rg BT 216.77 380.90 Td (two ) Tj ET Q q 0 0 0 rg BT 230.72 380.90 Td (characteristics. ) Tj ET Q q 0 0 0 rg BT 284.51 380.90 Td ( ) Tj ET Q q 0 0 0 rg BT 286.34 380.90 Td (In ) Tj ET Q q 0 0 0 rg BT 294.67 380.90 Td (contrast ) Tj ET Q q 0 0 0 rg BT 324.22 380.90 Td (to ) Tj ET Q q 0 0 0 rg BT 332.54 380.90 Td (core ) Tj ET Q q 0 0 0 rg BT 349.53 380.90 Td (assets, ) Tj ET Q q 0 0 0 rg BT 376.05 380.90 Td (which ) Tj ET Q q 0 0 0 rg BT 397.79 380.90 Td (often ) Tj ET Q q 0 0 0 rg BT 416.95 380.90 Td (trade ) Tj ET Q q 0 0 0 rg BT 436.54 380.90 Td (in ) Tj ET Q q 0 0 0 rg BT 444.43 380.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 470.51 380.90 Td (of ) Tj ET Q q 0 0 0 rg BT 478.84 380.90 Td (replacement ) Tj ET Q q 0 0 0 rg BT 523.54 380.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 539.67 380.90 Td (with ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 369.50 Td (optimized ) Tj ET Q q 0 0 0 rg BT 84.84 369.50 Td (tenanting, ) Tj ET Q q 0 0 0 rg BT 121.06 369.50 Td (we ) Tj ET Q q 0 0 0 rg BT 133.01 369.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 159.70 369.50 Td (that ) Tj ET Q q 0 0 0 rg BT 174.69 369.50 Td (the ) Tj ET Q q 0 0 0 rg BT 187.52 369.50 Td (risk-return ) Tj ET Q q 0 0 0 rg BT 224.57 369.50 Td (profile ) Tj ET Q q 0 0 0 rg BT 247.79 369.50 Td (of ) Tj ET Q q 0 0 0 rg BT 256.28 369.50 Td (non-core ) Tj ET Q q 0 0 0 rg BT 289.02 369.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 313.54 369.50 Td (remains ) Tj ET Q q 0 0 0 rg BT 343.25 369.50 Td (attractive, ) Tj ET Q q 0 0 0 rg BT 379.02 369.50 Td (and ) Tj ET Q q 0 0 0 rg BT 394.02 369.50 Td (we ) Tj ET Q q 0 0 0 rg BT 405.97 369.50 Td (will ) Tj ET Q q 0 0 0 rg BT 418.78 369.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 450.23 369.50 Td (to ) Tj ET Q q 0 0 0 rg BT 458.72 369.50 Td (seek ) Tj ET Q q 0 0 0 rg BT 477.18 369.50 Td (the ) Tj ET Q q 0 0 0 rg BT 490.00 369.50 Td (best ) Tj ET Q q 0 0 0 rg BT 506.73 369.50 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 555.67 369.50 Td ( ) Tj ET Q q 0 0 0 rg BT 557.84 369.50 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (Dispositions) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 334.70 Td (During ) Tj ET Q q 0 0 0 rg BT 74.14 334.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 93.17 334.70 Td (the ) Tj ET Q q 0 0 0 rg BT 105.70 334.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 123.30 334.70 Td ( ) Tj ET Q q 0 0 0 rg BT 125.00 334.70 Td (disposed ) Tj ET Q q 0 0 0 rg BT 157.88 334.70 Td (of ) Tj ET Q q 0 0 0 rg BT 166.08 334.70 Td (a ) Tj ET Q q 0 0 0 rg BT 172.11 334.70 Td (vacant ) Tj ET Q q 0 0 0 rg BT 196.76 334.70 Td (industrial ) Tj ET Q q 0 0 0 rg BT 229.64 334.70 Td (building ) Tj ET Q q 0 0 0 rg BT 258.19 334.70 Td (located ) Tj ET Q q 0 0 0 rg BT 285.01 334.70 Td (at ) Tj ET Q q 0 0 0 rg BT 293.20 334.70 Td (7001 ) Tj ET Q q 0 0 0 rg BT 312.23 334.70 Td (96th ) Tj ET Q q 0 0 0 rg BT 329.09 334.70 Td (Street ) Tj ET Q q 0 0 0 rg BT 351.58 334.70 Td (in ) Tj ET Q q 0 0 0 rg BT 359.33 334.70 Td (Grande ) Tj ET Q q 0 0 0 rg BT 387.02 334.70 Td (Prairie, ) Tj ET Q q 0 0 0 rg BT 413.06 334.70 Td (AB ) Tj ET Q q 0 0 0 rg BT 425.14 334.70 Td (\("Grande ) Tj ET Q q 0 0 0 rg BT 458.18 334.70 Td (Prairie"\), ) Tj ET Q q 0 0 0 rg BT 489.91 334.70 Td (for ) Tj ET Q q 0 0 0 rg BT 500.70 334.70 Td (gross ) Tj ET Q q 0 0 0 rg BT 521.45 334.70 Td (proceeds ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 323.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.03 323.30 Td ($4.4 ) Tj ET Q q 0 0 0 rg BT 75.23 323.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 101.10 323.30 Td (As ) Tj ET Q q 0 0 0 rg BT 112.23 323.30 Td (Grande ) Tj ET Q q 0 0 0 rg BT 140.25 323.30 Td (Prairie ) Tj ET Q q 0 0 0 rg BT 164.79 323.30 Td (was ) Tj ET Q q 0 0 0 rg BT 180.67 323.30 Td (vacant, ) Tj ET Q q 0 0 0 rg BT 207.82 323.30 Td (its ) Tj ET Q q 0 0 0 rg BT 217.65 323.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 233.97 323.30 Td (had ) Tj ET Q q 0 0 0 rg BT 249.00 323.30 Td (a ) Tj ET Q q 0 0 0 rg BT 255.37 323.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 283.82 323.30 Td (contribution ) Tj ET Q q 0 0 0 rg BT 326.13 323.30 Td (to ) Tj ET Q q 0 0 0 rg BT 334.66 323.30 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 352.71 323.30 Td (due ) Tj ET Q q 0 0 0 rg BT 367.74 323.30 Td (to ) Tj ET Q q 0 0 0 rg BT 376.27 323.30 Td (the ) Tj ET Q q 0 0 0 rg BT 389.14 323.30 Td (required ) Tj ET Q q 0 0 0 rg BT 419.75 323.30 Td (holding ) Tj ET Q q 0 0 0 rg BT 446.90 323.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 467.12 323.30 Td (of ) Tj ET Q q 0 0 0 rg BT 475.66 323.30 Td (ownership. ) Tj ET Q q 0 0 0 rg BT 515.23 323.30 Td (The ) Tj ET Q q 0 0 0 rg BT 530.69 323.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 547.01 323.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 311.90 Td (Grande ) Tj ET Q q 0 0 0 rg BT 77.65 311.90 Td (Prairie ) Tj ET Q q 0 0 0 rg BT 102.33 311.90 Td (is ) Tj ET Q q 0 0 0 rg BT 110.12 311.90 Td (a ) Tj ET Q q 0 0 0 rg BT 116.62 311.90 Td (continuation ) Tj ET Q q 0 0 0 rg BT 160.80 311.90 Td (of ) Tj ET Q q 0 0 0 rg BT 169.47 311.90 Td (our ) Tj ET Q q 0 0 0 rg BT 182.89 311.90 Td (strategy ) Tj ET Q q 0 0 0 rg BT 212.78 311.90 Td (to ) Tj ET Q q 0 0 0 rg BT 221.44 311.90 Td (dispose ) Tj ET Q q 0 0 0 rg BT 250.46 311.90 Td (of ) Tj ET Q q 0 0 0 rg BT 259.13 311.90 Td (non-strategic ) Tj ET Q q 0 0 0 rg BT 306.33 311.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 331.02 311.90 Td (and ) Tj ET Q q 0 0 0 rg BT 346.19 311.90 Td (recycle ) Tj ET Q q 0 0 0 rg BT 373.03 311.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 397.72 311.90 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 444.92 311.90 Td (to ) Tj ET Q q 0 0 0 rg BT 453.59 311.90 Td (manage ) Tj ET Q q 0 0 0 rg BT 483.91 311.90 Td (leverage. ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 298.4 m 479 298.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 284.4 m 479 284.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 298.4 m 554 298.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 284.4 m 554 284.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 284.4 m 554 284.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 214.39999999999998 m 554 214.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 214.39999999999998 m 479 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 200.39999999999998 m 479 200.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 214.39999999999998 m 554 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 200.39999999999998 m 554 200.39999999999998 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 490.30 288.93 Td (7001-96th Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 274.93 Td (Disposition date) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 502.85 274.93 Td (May 12, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 260.93 Td (Location) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.80 260.93 Td (Grand Prairie, ) Tj ET Q q 0 0 0 rg BT 539.21 260.93 Td (AB) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 246.93 Td (Sale price) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 246.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 246.93 Td (4,400) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 232.93 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 232.93 Td (orking capital) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 539.60 232.93 Td (\(41) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 232.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 218.93 Td (Disposition costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 218.93 Td (\(146) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 218.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 204.93 Td (Net proceeds) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 481.50 204.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.40 204.93 Td (4,213) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 186.50 Td (Redevelopment Properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (The REIT) Tj ET Q q 0 0 0 rg BT 82.70 169.10 Td ( has classified the following properties as redevelopment at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.85 169.10 Td (December31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.28 169.10 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 152.60000000000002 m 136 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 136 152.60000000000002 m 228 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 152.60000000000002 m 293 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 152.60000000000002 m 358 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 152.60000000000002 m 423 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 152.60000000000002 m 488 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 152.60000000000002 m 553 152.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 119.60000000000002 m 136 119.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 136 119.60000000000002 m 228 119.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228 119.60000000000002 m 293 119.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 293 119.60000000000002 m 358 119.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 358 119.60000000000002 m 423 119.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423 119.60000000000002 m 488 119.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488 119.60000000000002 m 553 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 77.60000000000002 m 136 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 136 77.60000000000002 m 228 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 77.60000000000002 m 293 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 77.60000000000002 m 358 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 77.60000000000002 m 423 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 77.60000000000002 m 488 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 77.60000000000002 m 553 77.60000000000002 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 124.13 Td (Property ) Tj ET Q q 0 0 0 rg BT 85.56 124.13 Td (Address) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 138.50 124.13 Td (Property Name) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 230.50 124.13 Td (City) Tj ET Q q 0 0 0 rg BT 244.64 124.13 Td (, Province) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.20 143.13 Td (Y) Tj ET Q q 0 0 0 rg BT 319.18 143.13 Td (ear Built /) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 133.63 Td (Renovated /) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.25 124.13 Td (Expanded) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.20 133.63 Td (Ownership) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.35 124.13 Td (Interest) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 432.55 133.63 Td (Square feet of) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.30 124.13 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 507.45 124.13 Td (Occupancy) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 110.13 Td (2599 Speakman Drive) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 230.50 110.13 Td (Mississauga, ON) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.20 110.13 Td (1971/201) Tj ET Q q 0 0 0 rg BT 350.12 110.13 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 110.13 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 415.55 110.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.70 110.13 Td (1) Tj ET Q q 0 0 0 rg BT 461.03 110.13 Td (1) Tj ET Q q 0 0 0 rg BT 465.37 110.13 Td (1,461) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.35 110.13 Td (86.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.55 110.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 96.13 Td (V) Tj ET Q q 0 0 0 rg BT 56.13 96.13 Td (arious) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 138.50 96.13 Td (W) Tj ET Q q 0 0 0 rg BT 145.57 96.13 Td (ater Street Properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 230.50 96.13 Td (St. John's, NL) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 328.65 96.13 Td (V) Tj ET Q q 0 0 0 rg BT 333.27 96.13 Td (arious) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 96.13 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 415.55 96.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.05 96.13 Td (71,541) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.35 96.13 Td (54.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.55 96.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 82.13 Td (139 W) Tj ET Q q 0 0 0 rg BT 73.73 82.13 Td (ater Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 138.50 82.13 Td (Fortis Building) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 230.50 82.13 Td (St. John's, NL) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 313.30 82.13 Td (1968 / 1994) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 82.13 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 415.55 82.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.05 82.13 Td (82,648) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.35 82.13 Td (29.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.55 82.13 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 60.70 Td (In ) Tj ET Q q 0 0 0 rg BT 58.76 60.70 Td (St. ) Tj ET Q q 0 0 0 rg BT 71.05 60.70 Td (John's, ) Tj ET Q q 0 0 0 rg BT 98.26 60.70 Td (NL, ) Tj ET Q q 0 0 0 rg BT 113.14 60.70 Td (the ) Tj ET Q q 0 0 0 rg BT 126.73 60.70 Td (W) Tj ET Q q 0 0 0 rg BT 133.80 60.70 Td (ater ) Tj ET Q q 0 0 0 rg BT 149.98 60.70 Td (Street ) Tj ET Q q 0 0 0 rg BT 173.53 60.70 Td (Properties ) Tj ET Q q 0 0 0 rg BT 211.79 60.70 Td (and ) Tj ET Q q 0 0 0 rg BT 227.55 60.70 Td (the ) Tj ET Q q 0 0 0 rg BT 241.14 60.70 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 263.38 60.70 Td (Building ) Tj ET Q q 0 0 0 rg BT 293.86 60.70 Td (form ) Tj ET Q q 0 0 0 rg BT 312.20 60.70 Td (a ) Tj ET Q q 0 0 0 rg BT 319.29 60.70 Td (contiguous ) Tj ET Q q 0 0 0 rg BT 359.74 60.70 Td (group ) Tj ET Q q 0 0 0 rg BT 382.42 60.70 Td (of ) Tj ET Q q 0 0 0 rg BT 391.68 60.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 429.08 60.70 Td (well ) Tj ET Q q 0 0 0 rg BT 445.26 60.70 Td (located ) Tj ET Q q 0 0 0 rg BT 473.14 60.70 Td (at ) Tj ET Q q 0 0 0 rg BT 482.40 60.70 Td (the ) Tj ET Q q 0 0 0 rg BT 495.99 60.70 Td (northeast ) Tj ET Q q 0 0 0 rg BT 531.24 60.70 Td (end ) Tj ET Q q 0 0 0 rg BT 546.99 60.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 49.30 Td (downtown ) Tj ET Q q 0 0 0 rg BT 86.36 49.30 Td (with ) Tj ET Q q 0 0 0 rg BT 101.99 49.30 Td (prime ) Tj ET Q q 0 0 0 rg BT 123.25 49.30 Td (views ) Tj ET Q q 0 0 0 rg BT 144.51 49.30 Td (of ) Tj ET Q q 0 0 0 rg BT 152.79 49.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.41 49.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 176.72 49.30 Td (John's ) Tj ET Q q 0 0 0 rg BT 200.79 49.30 Td (Harbour ) Tj ET Q q 0 0 0 rg BT 230.71 49.30 Td (and ) Tj ET Q q 0 0 0 rg BT 245.49 49.30 Td (the ) Tj ET Q q 0 0 0 rg BT 258.10 49.30 Td (Narrows. ) Tj ET Q q 0 0 0 rg BT 291.04 49.30 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 312.30 49.30 Td (Building ) Tj ET Q q 0 0 0 rg BT 341.80 49.30 Td (was ) Tj ET Q q 0 0 0 rg BT 357.44 49.30 Td (formerly ) Tj ET Q q 0 0 0 rg BT 387.36 49.30 Td (occupied ) Tj ET Q q 0 0 0 rg BT 420.32 49.30 Td (by ) Tj ET Q q 0 0 0 rg BT 430.34 49.30 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 451.60 49.30 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 494.08 49.30 Td (which ) Tj ET Q q 0 0 0 rg BT 515.78 49.30 Td (has ) Tj ET Q q 0 0 0 rg BT 530.12 49.30 Td (moved ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.50 33.95 Td (Page 1) Tj ET Q q 0 0 0 rg BT 315.35 33.95 Td 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740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 432.59 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.35 740.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 462.96 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.88 740.10 Td (at ) Tj ET Q q 0 0 0 rg BT 473.29 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.55 740.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 495.76 740.10 Td (base ) Tj ET Q q 0 0 0 rg BT 514.57 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.99 740.10 Td ($122 ) Tj ET Q q 0 0 0 rg BT 542.24 740.10 Td (per ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 728.70 Td (square ) Tj ET Q q 0 0 0 rg BT 75.14 728.70 Td (foot ) Tj ET Q q 0 0 0 rg BT 89.97 728.70 Td (and ) Tj ET Q q 0 0 0 rg BT 104.79 728.70 Td (have ) Tj ET Q q 0 0 0 rg BT 123.50 728.70 Td (the ) Tj ET Q q 0 0 0 rg BT 136.16 728.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 167.44 728.70 Td (for ) Tj ET Q q 0 0 0 rg BT 178.36 728.70 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 231.72 728.70 Td (as ) Tj ET Q q 0 0 0 rg BT 241.77 728.70 Td (a ) Tj ET Q q 0 0 0 rg BT 247.93 728.70 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rg BT 153.71 717.30 Td (be ) Tj ET Q q 0 0 0 rg BT 164.50 717.30 Td (allocated ) Tj ET Q q 0 0 0 rg BT 197.83 717.30 Td (towards ) Tj ET Q q 0 0 0 rg BT 227.23 717.30 Td (a ) Tj ET Q q 0 0 0 rg BT 233.70 717.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 287.37 717.30 Td (of ) Tj ET Q q 0 0 0 rg BT 296.00 717.30 Td (the ) Tj ET Q q 0 0 0 rg BT 308.97 717.30 Td (W) Tj ET Q q 0 0 0 rg BT 316.04 717.30 Td (ater ) Tj ET Q q 0 0 0 rg BT 331.60 717.30 Td (Street ) Tj ET Q q 0 0 0 rg BT 354.52 717.30 Td (Properties ) Tj ET Q q 0 0 0 rg BT 392.16 717.30 Td (and ) Tj ET Q q 0 0 0 rg BT 407.29 717.30 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 428.90 717.30 Td (Building ) Tj ET Q q 0 0 0 rg BT 458.75 717.30 Td (with ) Tj ET Q q 0 0 0 rg BT 474.74 717.30 Td (competitive ) Tj ET Q q 0 0 0 rg BT 516.28 717.30 Td (economics ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 705.90 Td (against ) Tj ET Q q 0 0 0 rg BT 76.31 705.90 Td (other ) Tj ET Q q 0 0 0 rg BT 95.75 705.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 132.08 705.90 Td (and ) Tj ET Q q 0 0 0 rg BT 146.77 705.90 Td (new ) Tj ET Q q 0 0 0 rg BT 162.74 705.90 Td (construction, ) Tj ET Q q 0 0 0 rg BT 208.60 705.90 Td (which ) Tj ET Q q 0 0 0 rg BT 230.20 705.90 Td (we ) Tj ET Q q 0 0 0 rg BT 241.84 705.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 272.97 705.90 Td (to ) Tj ET Q q 0 0 0 rg BT 281.16 705.90 Td (be ) Tj ET Q q 0 0 0 rg BT 291.51 705.90 Td (between ) Tj ET Q q 0 0 0 rg BT 322.65 705.90 Td ($450 ) Tj ET Q q 0 0 0 rg BT 341.66 705.90 Td (and ) Tj ET Q q 0 0 0 rg BT 356.35 705.90 Td ($550 ) Tj ET Q q 0 0 0 rg BT 375.36 705.90 Td (per ) Tj ET Q q 0 0 0 rg BT 388.31 705.90 Td (square ) Tj ET Q q 0 0 0 rg BT 413.81 705.90 Td (foot ) Tj ET Q q 0 0 0 rg BT 428.50 705.90 Td (in ) Tj ET Q q 0 0 0 rg BT 436.25 705.90 Td (St. ) Tj ET Q q 0 0 0 rg BT 447.46 705.90 Td (John's. ) Tj ET Q q 0 0 0 rg BT 473.49 705.90 Td (The ) Tj ET Q q 0 0 0 rg BT 488.60 705.90 Td (short-term ) Tj ET Q q 0 0 0 rg BT 525.79 705.90 Td (strategy ) Tj ET Q BT /F3 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Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (2599 ) Tj ET Q q 0 0 0 rg BT 68.55 677.10 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 107.51 677.10 Td (Drive ) Tj ET Q q 0 0 0 rg BT 127.41 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 134.75 677.10 Td (one ) Tj ET Q q 0 0 0 rg BT 149.47 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.69 677.10 Td (three ) Tj ET Q q 0 0 0 rg BT 177.16 677.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 213.53 677.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 238.20 677.10 Td (by ) Tj ET Q q 0 0 0 rg BT 248.15 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.70 677.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 278.31 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.02 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.81 677.10 Td (Mississauga's ) Tj ET Q q 0 0 0 rg BT 337.78 677.10 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 370.68 677.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 404.02 677.10 Td (Park. ) Tj ET Q q 0 0 0 rg BT 423.81 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 438.96 677.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 456.56 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.28 677.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 486.43 677.10 Td (into ) Tj ET Q q 0 0 0 rg BT 500.71 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.76 677.10 Td (10-year ) Tj ET Q q 0 0 0 rg BT 534.89 677.10 Td (lease ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 665.70 Td (with ) Tj ET Q q 0 0 0 rg BT 64.86 665.70 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 110.08 665.70 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 138.43 665.70 Td (whereby ) Tj ET Q q 0 0 0 rg BT 169.38 665.70 Td (the ) Tj ET Q q 0 0 0 rg BT 181.72 665.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 199.33 665.70 Td ( ) Tj ET Q q 0 0 0 rg BT 200.83 665.70 Td (constructed ) Tj ET Q q 0 0 0 rg BT 242.62 665.70 Td (a ) Tj ET Q q 0 0 0 rg BT 248.46 665.70 Td (campus ) Tj ET Q q 0 0 0 rg BT 277.24 665.70 Td (style ) Tj ET Q q 0 0 0 rg BT 294.77 665.70 Td (of) Tj ET Q q 0 0 0 rg BT 301.14 665.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 314.77 665.70 Td (complex ) Tj ET Q q 0 0 0 rg BT 345.28 665.70 Td (comprised ) Tj ET Q q 0 0 0 rg BT 382.73 665.70 Td (of ) Tj ET Q q 0 0 0 rg BT 390.73 665.70 Td (2285 ) Tj ET Q q 0 0 0 rg BT 409.57 665.70 Td (and ) Tj ET Q q 0 0 0 rg BT 424.07 665.70 Td (2251 ) Tj ET Q q 0 0 0 rg BT 442.91 665.70 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 481.66 665.70 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 503.51 665.70 Td (which ) Tj ET Q q 0 0 0 rg BT 524.93 665.70 Td (includes ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 654.30 Td (highly ) Tj ET Q q 0 0 0 rg BT 72.57 654.30 Td (functional, ) Tj ET Q q 0 0 0 rg BT 110.80 654.30 Td (contemporary ) Tj ET Q q 0 0 0 rg BT 161.14 654.30 Td (facilities ) Tj ET Q q 0 0 0 rg BT 191.57 654.30 Td (with ) Tj ET Q q 0 0 0 rg BT 208.13 654.30 Td (modern ) Tj ET Q q 0 0 0 rg BT 237.26 654.30 Td (amenities. ) Tj ET Q q 0 0 0 rg BT 275.48 654.30 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 309.37 654.30 Td (Business ) Tj ET Q q 0 0 0 rg BT 343.70 654.30 Td (Park ) Tj ET Q q 0 0 0 rg BT 362.43 654.30 Td (of) Tj ET Q q 0 0 0 rg BT 368.79 654.30 Td (fers ) Tj ET Q 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0 0 rg BT 228.96 620.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 602.70 Td (At ) Tj ET Q q 0 0 0 rg BT 59.86 602.70 Td (the ) Tj ET Q q 0 0 0 rg BT 73.69 602.70 Td (time ) Tj ET Q q 0 0 0 rg BT 91.41 602.70 Td (of ) Tj ET Q q 0 0 0 rg BT 100.91 602.70 Td (the ) Tj ET Q q 0 0 0 rg BT 114.74 602.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 140.87 602.70 Td (entering ) Tj ET Q q 0 0 0 rg BT 172.02 602.70 Td (into ) Tj ET Q q 0 0 0 rg BT 187.58 602.70 Td (the ) Tj ET Q q 0 0 0 rg BT 201.41 602.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 223.04 602.70 Td (with ) Tj ET Q q 0 0 0 rg BT 239.89 602.70 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 286.61 602.70 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 316.45 602.70 Td (in ) Tj ET Q q 0 0 0 rg BT 325.51 602.70 Td (September ) Tj ET Q q 0 0 0 rg BT 366.61 602.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 389.11 602.70 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 435.83 602.70 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 465.67 602.70 Td (occupied ) Tj ET Q q 0 0 0 rg BT 499.85 602.70 Td (2285 ) Tj ET Q q 0 0 0 rg BT 520.18 602.70 Td (and ) Tj ET Q q 0 0 0 rg BT 536.18 602.70 Td (2599 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 591.30 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 89.17 591.30 Td (Drive. ) Tj ET Q q 0 0 0 rg BT 111.94 591.30 Td (In ) Tj ET Q q 0 0 0 rg BT 120.87 591.30 Td (July ) Tj ET Q q 0 0 0 rg BT 137.16 591.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 159.08 591.30 Td (the ) Tj ET Q q 0 0 0 rg BT 172.34 591.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 189.95 591.30 Td ( ) Tj ET Q q 0 0 0 rg BT 192.38 591.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 230.75 591.30 Td (its ) Tj ET Q q 0 0 0 rg BT 240.98 591.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 294.94 591.30 Td (of ) Tj ET Q q 0 0 0 rg BT 303.87 591.30 Td (2251 ) Tj ET Q q 0 0 0 rg BT 323.63 591.30 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 363.30 591.30 Td (Drive ) Tj ET Q q 0 0 0 rg BT 383.90 591.30 Td (and ) Tj ET Q q 0 0 0 rg BT 399.33 591.30 Td (delivered ) Tj ET Q q 0 0 0 rg BT 433.37 591.30 Td (the ) Tj ET Q q 0 0 0 rg BT 446.63 591.30 Td (space ) Tj ET Q q 0 0 0 rg BT 469.85 591.30 Td (to ) Tj ET Q q 0 0 0 rg BT 478.78 591.30 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 524.93 591.30 Td (Nuclear) Tj ET Q q 0 0 0 rg BT 551.34 591.30 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 579.90 Td (and ) Tj ET Q q 0 0 0 rg BT 64.08 579.90 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 105.06 579.90 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 145.62 579.90 Td (2251 ) Tj ET Q q 0 0 0 rg BT 164.53 579.90 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 203.35 579.90 Td (Drive ) Tj ET Q q 0 0 0 rg BT 223.11 579.90 Td (from ) Tj ET Q q 0 0 0 rg BT 240.27 579.90 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 293.39 579.90 Td (to ) Tj ET Q q 0 0 0 rg BT 301.47 579.90 Td (income ) Tj ET Q q 0 0 0 rg BT 328.16 579.90 Td (producing ) Tj ET Q q 0 0 0 rg BT 363.96 579.90 Td (property) Tj ET Q q 0 0 0 rg BT 391.97 579.90 Td (. ) Tj ET Q q 0 0 0 rg BT 395.71 579.90 Td ( ) Tj ET Q q 0 0 0 rg BT 397.20 579.90 Td (The ) Tj ET Q q 0 0 0 rg BT 412.20 579.90 Td (next ) Tj ET Q q 0 0 0 rg BT 428.51 579.90 Td (phase ) Tj ET Q q 0 0 0 rg BT 451.32 579.90 Td (of ) Tj ET Q q 0 0 0 rg BT 459.40 579.90 Td (the ) Tj ET Q q 0 0 0 rg BT 471.81 579.90 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 524.92 579.90 Td (required ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 568.50 Td (the ) Tj ET Q q 0 0 0 rg BT 63.32 568.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.93 568.50 Td ( ) Tj ET Q q 0 0 0 rg BT 83.93 568.50 Td (to ) Tj ET Q q 0 0 0 rg BT 93.42 568.50 Td (complete ) Tj ET Q q 0 0 0 rg BT 128.02 568.50 Td (a ) Tj ET Q q 0 0 0 rg BT 135.35 568.50 Td (modernization ) Tj ET Q q 0 0 0 rg BT 187.28 568.50 Td (of ) Tj ET Q q 0 0 0 rg BT 196.77 568.50 Td (2285 ) Tj ET Q q 0 0 0 rg BT 217.09 568.50 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 257.33 568.50 Td (Drive ) Tj ET Q q 0 0 0 rg BT 278.49 568.50 Td (which ) Tj ET Q q 0 0 0 rg BT 301.40 568.50 Td (was ) Tj ET Q q 0 0 0 rg BT 318.25 568.50 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 360.21 568.50 Td (to ) Tj ET Q q 0 0 0 rg BT 369.70 568.50 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 424.23 568.50 Td (property ) Tj ET Q q 0 0 0 rg BT 455.80 568.50 Td (in ) Tj ET Q q 0 0 0 rg BT 464.86 568.50 Td (the ) Tj ET Q q 0 0 0 rg BT 478.68 568.50 Td (third ) Tj ET Q q 0 0 0 rg BT 496.83 568.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 524.51 568.50 Td (of ) Tj ET Q q 0 0 0 rg BT 534.00 568.50 Td (2016. ) Tj ET Q q 0 0 0 rg BT 555.66 568.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (Construction ) Tj ET Q q 0 0 0 rg BT 95.59 557.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 140.39 557.10 Td (on ) Tj ET Q q 0 0 0 rg BT 151.41 557.10 Td (2285 ) Tj ET Q q 0 0 0 rg BT 171.10 557.10 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 210.71 557.10 Td (Drive ) Tj ET Q q 0 0 0 rg BT 231.24 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.67 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.86 557.10 Td (first ) Tj ET Q q 0 0 0 rg BT 267.77 557.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 294.81 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.67 557.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 323.36 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.72 557.10 Td (was ) Tj ET Q q 0 0 0 rg BT 354.93 557.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 393.24 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.66 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.85 557.10 Td (third ) Tj ET Q q 0 0 0 rg BT 432.37 557.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 459.41 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.27 557.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 487.96 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.31 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.51 557.10 Td (space ) Tj ET Q q 0 0 0 rg BT 539.66 557.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 545.70 Td (delivered ) Tj ET Q q 0 0 0 rg BT 83.43 545.70 Td (to ) Tj ET Q q 0 0 0 rg BT 92.24 545.70 Td (SNC ) Tj ET Q q 0 0 0 rg BT 110.99 545.70 Td (Lavalin ) Tj ET Q q 0 0 0 rg BT 137.99 545.70 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 167.15 545.70 Td (for ) Tj ET Q q 0 0 0 rg BT 178.55 545.70 Td (fixturing. ) Tj ET Q q 0 0 0 rg BT 210.31 545.70 Td (During ) Tj ET Q q 0 0 0 rg BT 235.57 545.70 Td (the ) Tj ET Q q 0 0 0 rg BT 248.72 545.70 Td (third ) Tj ET Q q 0 0 0 rg BT 266.18 545.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 293.18 545.70 Td (of ) Tj ET Q q 0 0 0 rg BT 301.99 545.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 323.80 545.70 Td (the ) Tj ET Q q 0 0 0 rg BT 336.95 545.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 354.56 545.70 Td ( ) Tj ET Q q 0 0 0 rg BT 356.87 545.70 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 398.15 545.70 Td (2599 ) Tj ET Q q 0 0 0 rg BT 417.80 545.70 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 457.36 545.70 Td (Drive ) Tj ET Q q 0 0 0 rg BT 477.84 545.70 Td (to ) Tj ET Q q 0 0 0 rg BT 486.66 545.70 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 540.51 545.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 534.30 Td (2285 ) Tj ET Q q 0 0 0 rg BT 69.24 534.30 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 108.89 534.30 Td (Drive ) Tj ET Q q 0 0 0 rg BT 129.47 534.30 Td (to ) Tj ET Q q 0 0 0 rg BT 138.38 534.30 Td (income ) Tj ET Q q 0 0 0 rg BT 165.90 534.30 Td (producing ) Tj ET Q q 0 0 0 rg BT 202.52 534.30 Td (property) Tj ET Q q 0 0 0 rg BT 230.53 534.30 Td (. ) Tj ET Q q 0 0 0 rg BT 235.10 534.30 Td (Rent ) Tj ET Q q 0 0 0 rg BT 253.96 534.30 Td (commenced ) Tj ET Q q 0 0 0 rg BT 298.80 534.30 Td (at ) Tj ET Q q 0 0 0 rg BT 307.71 534.30 Td (2285 ) Tj ET Q q 0 0 0 rg BT 327.45 534.30 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 367.10 534.30 Td (in ) Tj ET Q q 0 0 0 rg BT 375.57 534.30 Td (January ) Tj ET Q q 0 0 0 rg BT 405.69 534.30 Td (2018 ) Tj ET Q q 0 0 0 rg BT 425.43 534.30 Td (and ) Tj ET Q q 0 0 0 rg BT 440.83 534.30 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 486.96 534.30 Td (will ) Tj ET Q q 0 0 0 rg BT 500.18 534.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 532.04 534.30 Td (to ) Tj ET Q q 0 0 0 rg BT 540.95 534.30 Td (pay ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 522.90 Td (rent ) Tj ET Q q 0 0 0 rg BT 64.88 522.90 Td (at ) Tj ET Q q 0 0 0 rg BT 73.34 522.90 Td (2599 ) Tj ET Q q 0 0 0 rg BT 92.62 522.90 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 131.82 522.90 Td (until ) Tj ET Q q 0 0 0 rg BT 148.07 522.90 Td (February ) Tj ET Q q 0 0 0 rg BT 181.20 522.90 Td (2018. ) Tj ET Q q 0 0 0 rg BT 202.53 522.90 Td (The ) Tj ET Q q 0 0 0 rg BT 217.91 522.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 235.52 522.90 Td ( ) Tj ET Q q 0 0 0 rg BT 237.48 522.90 Td (is ) Tj ET Q q 0 0 0 rg BT 245.06 522.90 Td (continuing ) Tj ET Q q 0 0 0 rg BT 282.53 522.90 Td (to ) Tj ET Q q 0 0 0 rg BT 290.99 522.90 Td (engage ) Tj ET Q q 0 0 0 rg BT 318.94 522.90 Td (in ) Tj ET Q q 0 0 0 rg BT 326.96 522.90 Td (discussions ) Tj ET Q q 0 0 0 rg BT 369.19 522.90 Td (with ) Tj ET Q q 0 0 0 rg BT 385.00 522.90 Td (prospective ) Tj ET Q q 0 0 0 rg BT 426.79 522.90 Td (tenants ) Tj ET Q q 0 0 0 rg BT 454.31 522.90 Td (regarding ) Tj ET Q q 0 0 0 rg BT 489.18 522.90 Td (the ) Tj ET Q q 0 0 0 rg BT 501.97 522.90 Td (redevelopment ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 511.50 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 511.50 Td (leasing ) Tj ET Q q 0 0 0 rg BT 91.52 511.50 Td (of ) Tj ET Q q 0 0 0 rg BT 100.18 511.50 Td (2599 ) Tj ET Q q 0 0 0 rg BT 119.68 511.50 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 159.09 511.50 Td (Drive. ) Tj ET Q q 0 0 0 rg BT 181.60 511.50 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (IFRS fair value) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 476.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.91 476.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 90.03 476.70 Td (property ) Tj ET Q q 0 0 0 rg BT 120.60 476.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 150.31 476.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 158.79 476.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 209.71 476.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 227.04 476.70 Td ( ) Tj ET Q q 0 0 0 rg BT 229.03 476.70 Td (had ) Tj ET Q q 0 0 0 rg BT 244.01 476.70 Td (an ) Tj ET Q q 0 0 0 rg BT 254.67 476.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 290.43 476.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 310.16 476.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 322.98 476.70 Td (value ) Tj ET Q q 0 0 0 rg BT 343.59 476.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 352.07 476.70 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 369.23 476.70 Td (billion) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 476.70 Td (, ) Tj ET Q q 0 0 0 rg BT 393.30 476.70 Td (with ) Tj ET Q q 0 0 0 rg BT 409.14 476.70 Td (a ) Tj ET Q q 0 0 0 rg BT 415.46 476.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 448.63 476.70 Td (average ) Tj ET Q q 0 0 0 rg BT 478.77 476.70 Td (going-in ) Tj ET Q q 0 0 0 rg BT 508.47 476.70 Td (capitalization ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 465.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 65.40 465.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 74.37 465.30 Td (6.21%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 96.46 465.30 Td (. ) Tj ET Q q 0 0 0 rg BT 101.10 465.30 Td (It ) Tj ET Q q 0 0 0 rg BT 107.91 465.30 Td (is ) Tj ET Q q 0 0 0 rg BT 116.01 465.30 Td (important ) Tj ET Q q 0 0 0 rg BT 150.96 465.30 Td (to ) Tj ET Q q 0 0 0 rg BT 159.93 465.30 Td (highlight ) Tj ET Q q 0 0 0 rg BT 191.42 465.30 Td (that ) Tj ET Q q 0 0 0 rg BT 206.89 465.30 Td (this ) Tj ET Q q 0 0 0 rg BT 221.49 465.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 269.01 465.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 284.91 465.30 Td (reflects ) Tj ET Q q 0 0 0 rg BT 312.49 465.30 Td (the ) Tj ET Q q 0 0 0 rg BT 325.80 465.30 Td (current ) Tj ET Q q 0 0 0 rg BT 352.52 465.30 Td (economics ) Tj ET Q q 0 0 0 rg BT 392.23 465.30 Td (of ) Tj ET Q q 0 0 0 rg BT 401.20 465.30 Td (the ) Tj ET Q q 0 0 0 rg BT 414.51 465.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 440.11 465.30 Td (properties, ) Tj ET Q q 0 0 0 rg BT 479.40 465.30 Td (including ) Tj ET Q q 0 0 0 rg BT 512.62 465.30 Td (its ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.89 465.30 Td (85.8%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 544.98 465.30 Td ( ) Tj ET Q q 0 0 0 rg BT 547.45 465.30 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 453.90 Td (place ) Tj ET Q q 0 0 0 rg BT 69.79 453.90 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 108.70 453.90 Td (which ) Tj ET Q q 0 0 0 rg BT 130.27 453.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 160.52 453.90 Td (its ) Tj ET Q q 0 0 0 rg BT 169.98 453.90 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 223.17 453.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.36 453.90 Td (and ) Tj ET Q q 0 0 0 rg BT 262.02 453.90 Td (current ) Tj ET Q q 0 0 0 rg BT 287.93 453.90 Td (weighted ) Tj ET Q q 0 0 0 rg BT 320.77 453.90 Td (average ) Tj ET Q q 0 0 0 rg BT 350.58 453.90 Td (in ) Tj ET Q q 0 0 0 rg BT 358.31 453.90 Td (place ) Tj ET Q q 0 0 0 rg BT 378.60 453.90 Td (rents ) Tj ET Q q 0 0 0 rg BT 397.58 453.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.74 453.90 Td ($15.08) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.57 453.90 Td ( ) Tj ET Q q 0 0 0 rg BT 431.23 453.90 Td (per ) Tj ET Q q 0 0 0 rg BT 444.15 453.90 Td (square ) Tj ET Q q 0 0 0 rg BT 469.63 453.90 Td (foot, ) Tj ET Q q 0 0 0 rg BT 486.46 453.90 Td (which ) Tj ET Q q 0 0 0 rg BT 508.04 453.90 Td (Management ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 442.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 84.65 442.50 Td (to ) Tj ET Q q 0 0 0 rg BT 92.95 442.50 Td (be ) Tj ET Q q 0 0 0 rg BT 103.42 442.50 Td (on ) Tj ET Q q 0 0 0 rg BT 113.89 442.50 Td (average ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 143.84 442.50 Td ($0.82) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 163.34 442.50 Td ( ) Tj ET Q q 0 0 0 rg BT 165.14 442.50 Td (per ) Tj ET Q q 0 0 0 rg BT 178.21 442.50 Td (square ) Tj ET Q q 0 0 0 rg BT 203.83 442.50 Td (foot ) Tj ET Q q 0 0 0 rg BT 218.63 442.50 Td (below ) Tj ET Q q 0 0 0 rg BT 240.79 442.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 276.37 442.50 Td (market ) Tj ET Q q 0 0 0 rg BT 301.98 442.50 Td (rents ) Tj ET Q q 0 0 0 rg BT 321.11 442.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.41 442.50 Td ($15.90) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 353.24 442.50 Td (. ) Tj ET Q q 0 0 0 rg BT 357.21 442.50 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 385.86 442.50 Td (the ) Tj ET Q q 0 0 0 rg BT 398.49 442.50 Td (average ) Tj ET Q q 0 0 0 rg BT 428.45 442.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 464.03 442.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 483.58 442.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 496.21 442.50 Td (value ) Tj ET Q q 0 0 0 rg BT 516.64 442.50 Td (per ) Tj ET Q q 0 0 0 rg BT 529.70 442.50 Td (square ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (foot ) Tj ET Q q 0 0 0 rg BT 65.14 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 74.28 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.75 431.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 113.53 431.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 143.89 431.10 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 152.16 431.10 Td ($209) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 169.49 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.13 431.10 Td (with ) Tj ET Q q 0 0 0 rg BT 188.62 431.10 Td (an ) Tj ET Q q 0 0 0 rg BT 199.93 431.10 Td (average ) Tj ET Q q 0 0 0 rg BT 230.72 431.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 247.65 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.80 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.27 431.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 287.88 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.52 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.66 431.10 Td ($202 ) Tj ET Q q 0 0 0 rg BT 319.63 431.10 Td (per ) Tj ET Q q 0 0 0 rg BT 333.53 431.10 Td (square ) Tj ET Q q 0 0 0 rg BT 359.99 431.10 Td (foot. ) Tj ET Q q 0 0 0 rg BT 377.80 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.44 431.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 428.56 431.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 459.78 431.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.42 431.10 Td (this ) Tj ET Q q 0 0 0 rg BT 490.19 431.10 Td (average ) Tj ET Q q 0 0 0 rg BT 520.98 431.10 Td (value ) Tj ET Q q 0 0 0 rg BT 542.25 431.10 Td (per ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 419.70 Td (square ) Tj ET Q q 0 0 0 rg BT 75.71 419.70 Td (foot ) Tj ET Q q 0 0 0 rg BT 91.09 419.70 Td (is ) Tj ET Q q 0 0 0 rg BT 99.10 419.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 141.77 419.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 162.76 419.70 Td (than ) Tj ET Q q 0 0 0 rg BT 180.31 419.70 Td (replacement ) Tj ET Q q 0 0 0 rg BT 225.57 419.70 Td (cost, ) Tj ET Q q 0 0 0 rg BT 244.42 419.70 Td (which ) Tj ET Q q 0 0 0 rg BT 266.72 419.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 314.58 419.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 350.31 419.70 Td (to ) Tj ET Q q 0 0 0 rg BT 359.20 419.70 Td (be ) Tj ET Q q 0 0 0 rg BT 370.25 419.70 Td (on ) Tj ET Q q 0 0 0 rg BT 381.30 419.70 Td (average ) Tj ET Q q 0 0 0 rg BT 411.84 419.70 Td (between ) Tj ET Q q 0 0 0 rg BT 443.68 419.70 Td ($250 ) Tj ET Q q 0 0 0 rg BT 463.39 419.70 Td (and ) Tj ET Q q 0 0 0 rg BT 478.78 419.70 Td ($350 ) Tj ET Q q 0 0 0 rg BT 498.49 419.70 Td (per ) Tj ET Q q 0 0 0 rg BT 512.14 419.70 Td (square ) Tj ET Q q 0 0 0 rg BT 538.35 419.70 Td (foot, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 408.30 Td (depending ) Tj ET Q q 0 0 0 rg BT 87.43 408.30 Td (on ) Tj ET Q q 0 0 0 rg BT 97.64 408.30 Td (the ) Tj ET Q q 0 0 0 rg BT 110.01 408.30 Td (property) Tj ET Q q 0 0 0 rg BT 138.02 408.30 Td (. ) Tj ET Q q 0 0 0 rg BT 141.73 408.30 Td (In ) Tj ET Q q 0 0 0 rg BT 149.77 408.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 174.70 408.30 Td (markets, ) Tj ET Q q 0 0 0 rg BT 206.12 408.30 Td (such ) Tj ET Q q 0 0 0 rg BT 224.12 408.30 Td (as ) Tj ET Q q 0 0 0 rg BT 233.89 408.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 244.96 408.30 Td (John's, ) Tj ET Q q 0 0 0 rg BT 270.95 408.30 Td (NL, ) Tj ET Q q 0 0 0 rg BT 284.62 408.30 Td (the ) Tj ET Q q 0 0 0 rg BT 296.99 408.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 312.83 408.30 Td (to ) Tj ET Q q 0 0 0 rg BT 320.87 408.30 Td (construct ) Tj ET Q q 0 0 0 rg BT 354.02 408.30 Td (is ) Tj ET Q q 0 0 0 rg BT 361.19 408.30 Td (significantly ) Tj ET Q q 0 0 0 rg BT 403.01 408.30 Td (higher) Tj ET Q q 0 0 0 rg BT 424.24 408.30 Td (. ) Tj ET Q q 0 0 0 rg BT 427.95 408.30 Td ( ) Tj ET Q q 0 0 0 rg BT 429.49 408.30 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 476.05 408.30 Td (the ) Tj ET Q q 0 0 0 rg BT 488.43 408.30 Td (dif) Tj ET Q q 0 0 0 rg BT 496.52 408.30 Td (ference ) Tj ET Q q 0 0 0 rg BT 524.05 408.30 Td (between ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 396.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.52 396.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 82.44 396.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 95.45 396.90 Td (value ) Tj ET Q q 0 0 0 rg BT 116.26 396.90 Td (per ) Tj ET Q q 0 0 0 rg BT 129.70 396.90 Td (square ) Tj ET Q q 0 0 0 rg BT 155.71 396.90 Td (foot ) Tj ET Q q 0 0 0 rg BT 170.89 396.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 179.57 396.90 Td ($209) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 196.90 396.90 Td ( ) Tj ET Q q 0 0 0 rg BT 199.09 396.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 235.92 396.90 Td (to ) Tj ET Q q 0 0 0 rg BT 244.60 396.90 Td (an ) Tj ET Q q 0 0 0 rg BT 255.45 396.90 Td (average ) Tj ET Q q 0 0 0 rg BT 285.79 396.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 302.26 396.90 Td (to ) Tj ET Q q 0 0 0 rg BT 310.95 396.90 Td (the ) Tj ET Q q 0 0 0 rg BT 323.96 396.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 341.57 396.90 Td ( ) Tj ET Q q 0 0 0 rg BT 343.75 396.90 Td (of ) Tj ET Q q 0 0 0 rg BT 352.44 396.90 Td ($202 ) Tj ET Q q 0 0 0 rg BT 371.95 396.90 Td (per ) Tj ET Q q 0 0 0 rg BT 385.40 396.90 Td (square ) Tj ET Q q 0 0 0 rg BT 411.40 396.90 Td (foot ) Tj ET Q q 0 0 0 rg BT 426.58 396.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 465.58 396.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 516.26 396.90 Td ($43 ) Tj ET Q q 0 0 0 rg BT 531.44 396.90 Td (million ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 385.50 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 385.50 Td (value ) Tj ET Q q 0 0 0 rg BT 78.96 385.50 Td (creation ) Tj ET Q q 0 0 0 rg BT 108.84 385.50 Td (from ) Tj ET Q q 0 0 0 rg BT 126.59 385.50 Td (ownership, ) Tj ET Q q 0 0 0 rg BT 166.43 385.50 Td (based ) Tj ET Q q 0 0 0 rg BT 189.82 385.50 Td (on ) Tj ET Q q 0 0 0 rg BT 200.65 385.50 Td (the ) Tj ET Q q 0 0 0 rg BT 213.65 385.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 238.95 385.50 Td (current ) Tj ET Q q 0 0 0 rg BT 265.36 385.50 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 297.41 385.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.92 368.10 Td (following ) Tj ET Q q 0 0 0 rg BT 99.22 368.10 Td (table ) Tj ET Q q 0 0 0 rg BT 119.11 368.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 151.98 368.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.31 368.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 194.33 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.82 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.65 368.10 Td (discount, ) Tj ET Q q 0 0 0 rg BT 251.83 368.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 282.53 368.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 330.56 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.55 368.10 Td (going-in ) Tj ET Q q 0 0 0 rg BT 377.26 368.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 425.30 368.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 445.61 368.10 Td (for ) Tj ET Q q 0 0 0 rg BT 457.70 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.52 368.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 485.34 368.10 Td (value ) Tj ET Q q 0 0 0 rg BT 506.95 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.45 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.27 368.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 549.61 368.10 Td (s ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 356.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 86.31 356.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 94.97 356.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 146.07 356.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 163.40 356.70 Td ( ) Tj ET Q q 0 0 0 rg BT 165.57 356.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 180.73 356.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 231.83 356.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 249.16 356.70 Td (:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 251.32 356.70 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 346.20000000000005 m 194 346.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 330.20000000000005 m 194 330.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 346.20000000000005 m 254 346.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 330.20000000000005 m 254 330.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 346.20000000000005 m 314 346.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 330.20000000000005 m 314 330.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 346.20000000000005 m 374 346.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314 330.20000000000005 m 374 330.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 346.20000000000005 m 434 346.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374 330.20000000000005 m 434 330.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 346.20000000000005 m 494 346.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 330.20000000000005 m 494 330.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 346.20000000000005 m 554 346.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 330.20000000000005 m 554 330.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 308.20000000000005 m 194 308.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 308.20000000000005 m 254 308.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 308.20000000000005 m 314 308.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314 308.20000000000005 m 374 308.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374 308.20000000000005 m 434 308.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 308.20000000000005 m 494 308.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 330.20000000000005 m 554 330.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 308.20000000000005 m 554 308.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 308.20000000000005 m 554 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 267.20000000000005 m 194 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 267.20000000000005 m 254 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 267.20000000000005 m 314 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 267.20000000000005 m 374 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 267.20000000000005 m 434 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 267.20000000000005 m 494 267.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 267.20000000000005 m 554 267.20000000000005 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 248.40 334.73 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.25 334.73 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 217.15 320.78 Td (Discount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 236.20 311.28 Td (rate) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 278.55 320.78 Td (T) Tj ET Q q 0 0 0 rg BT 282.74 320.78 Td (erminal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 280.60 311.28 Td (cap rate) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.85 320.78 Td (Capitalization) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 347.85 311.28 Td (rate ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 364.30 313.71 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.15 320.78 Td (Discount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.05 311.28 Td (rate) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.05 320.78 Td (T) Tj ET Q q 0 0 0 rg BT 464.95 320.78 Td (erminal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.30 311.28 Td (cap rate) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 503.70 320.78 Td (Capitalization) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.70 311.28 Td (rate ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 544.29 313.71 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 298.78 Td (Minimum) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 231.35 298.78 Td (6.25) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 246.55 298.78 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.35 298.78 Td (6.25) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.55 298.78 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.35 298.78 Td (4.37) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 366.55 298.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.35 298.78 Td (6.75) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.55 298.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.35 298.78 Td (6.25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.55 298.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 298.78 Td (4.16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 298.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 285.78 Td (Maximum) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 227.00 285.78 Td (1) Tj ET Q q 0 0 0 rg BT 231.33 285.78 Td (1.00) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 246.55 285.78 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.35 285.78 Td (9.00) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.55 285.78 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 347.05 285.78 Td (1) Tj ET Q q 0 0 0 rg BT 351.38 285.78 Td (1.85) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 366.55 285.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 407.05 285.78 Td (1) Tj ET Q q 0 0 0 rg BT 411.38 285.78 Td (1.00) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.55 285.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.35 285.78 Td (9.00) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.55 285.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 285.78 Td (1) Tj ET Q q 0 0 0 rg BT 531.38 285.78 Td (1.92) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 285.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 271.73 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 271.73 Td (eighted average) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 231.35 271.73 Td (7.27) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 246.55 271.73 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.35 271.73 Td (6.81) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.55 271.73 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.35 271.73 Td (6.21) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 366.55 271.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.35 271.73 Td (7.55) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.55 271.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.35 271.73 Td (7.05) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.55 271.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 271.73 Td (6.37) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 271.73 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 258.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.80 258.70 Td (Represents ) Tj ET Q q 0 0 0 rg BT 92.04 258.70 Td (the ) Tj ET Q q 0 0 0 rg BT 102.38 258.70 Td (going-in ) Tj ET Q q 0 0 0 rg BT 126.05 258.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 163.39 258.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 175.78 258.70 Td (on ) Tj ET Q q 0 0 0 rg BT 184.41 258.70 Td (the ) Tj ET Q q 0 0 0 rg BT 194.74 258.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 214.79 258.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 243.93 258.70 Td (based ) Tj ET Q q 0 0 0 rg BT 262.47 258.70 Td (on ) Tj ET Q q 0 0 0 rg BT 271.10 258.70 Td (Management's ) Tj ET Q q 0 0 0 rg BT 313.04 258.70 Td (estimate ) Tj ET Q q 0 0 0 rg BT 338.08 258.70 Td (of ) Tj ET Q q 0 0 0 rg BT 345.00 258.70 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 383.36 258.70 Td (forward ) Tj ET Q q 0 0 0 rg BT 405.65 258.70 Td (NOI. ) Tj ET Q q 0 0 0 rg BT 419.97 258.70 Td (The ) Tj ET Q q 0 0 0 rg BT 432.35 258.70 Td (figures ) Tj ET Q q 0 0 0 rg BT 452.60 258.70 Td (presented ) Tj ET Q q 0 0 0 rg BT 481.75 258.70 Td (are ) Tj ET Q q 0 0 0 rg BT 492.42 258.70 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 517.80 258.70 Td (of ) Tj ET Q q 0 0 0 rg BT 524.71 258.70 Td (both ) Tj ET Q q 0 0 0 rg BT 538.47 258.70 Td (those ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 249.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 78.56 249.70 Td (where ) Tj ET Q q 0 0 0 rg BT 97.02 249.70 Td (the ) Tj ET Q q 0 0 0 rg BT 107.28 249.70 Td (direct ) Tj ET Q q 0 0 0 rg BT 124.03 249.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 161.30 249.70 Td (approach ) Tj ET Q q 0 0 0 rg BT 188.66 249.70 Td (has ) Tj ET Q q 0 0 0 rg BT 200.29 249.70 Td (been ) Tj ET Q q 0 0 0 rg BT 215.68 249.70 Td (used ) Tj ET Q q 0 0 0 rg BT 230.73 249.70 Td (as ) Tj ET Q q 0 0 0 rg BT 238.93 249.70 Td (well ) Tj ET Q q 0 0 0 rg BT 251.23 249.70 Td (as ) Tj ET Q q 0 0 0 rg BT 259.44 249.70 Td (those ) Tj ET Q q 0 0 0 rg BT 276.20 249.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 305.26 249.70 Td (where ) Tj ET Q q 0 0 0 rg BT 323.72 249.70 Td (the ) Tj ET Q q 0 0 0 rg BT 333.98 249.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 356.19 249.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 382.52 249.70 Td (methodology ) Tj ET Q q 0 0 0 rg BT 419.45 249.70 Td (was ) Tj ET Q q 0 0 0 rg BT 432.10 249.70 Td (the ) Tj ET Q q 0 0 0 rg BT 442.36 249.70 Td (discounted ) Tj ET Q q 0 0 0 rg BT 473.82 249.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 488.52 249.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 501.17 249.70 Td (approach. ) Tj ET Q q 0 0 0 rg BT 530.24 249.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 232.30 Td (While ) Tj ET Q q 0 0 0 rg BT 72.40 232.30 Td (the ) Tj ET Q q 0 0 0 rg BT 86.66 232.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 121.27 232.30 Td (average ) Tj ET Q q 0 0 0 rg BT 152.85 232.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 201.32 232.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 218.17 232.30 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 227.22 232.30 Td (6.21%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 249.31 232.30 Td (, ) Tj ET Q q 0 0 0 rg BT 254.91 232.30 Td (which ) Tj ET Q q 0 0 0 rg BT 278.25 232.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 318.48 232.30 Td (the ) Tj ET Q q 0 0 0 rg BT 332.74 232.30 Td (going-in ) Tj ET Q q 0 0 0 rg BT 363.88 232.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 412.35 232.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 429.20 232.30 Td (on ) Tj ET Q q 0 0 0 rg BT 441.29 232.30 Td (the ) Tj ET Q q 0 0 0 rg BT 455.55 232.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 482.11 232.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 520.18 232.30 Td (based ) Tj ET Q q 0 0 0 rg BT 544.83 232.30 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 220.90 Td (Management's ) Tj ET Q q 0 0 0 rg BT 102.97 220.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 135.03 220.90 Td (of ) Tj ET Q q 0 0 0 rg BT 144.14 220.90 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 193.07 220.90 Td (forward ) Tj ET Q q 0 0 0 rg BT 221.65 220.90 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 240.28 220.90 Td (the ) Tj ET Q q 0 0 0 rg BT 253.72 220.90 Td (minimum ) Tj ET Q q 0 0 0 rg BT 287.93 220.90 Td (and ) Tj ET Q q 0 0 0 rg BT 303.53 220.90 Td (maximum ) Tj ET Q q 0 0 0 rg BT 339.90 220.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 387.55 220.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 407.48 220.90 Td (are ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 421.35 220.90 Td (4.37%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 443.44 220.90 Td ( ) Tj ET Q q 0 0 0 rg BT 446.05 220.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.66 220.90 Td (1) Tj ET Q q 0 0 0 rg BT 465.42 220.90 Td (1.85%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 487.51 220.90 Td (, ) Tj ET Q q 0 0 0 rg BT 492.28 220.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 532.85 220.90 Td (. ) Tj ET Q q 0 0 0 rg BT 537.63 220.90 Td ( ) Tj ET Q q 0 0 0 rg BT 540.07 220.90 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 209.50 Td (lower ) Tj ET Q q 0 0 0 rg BT 70.11 209.50 Td (end ) Tj ET Q q 0 0 0 rg BT 85.10 209.50 Td (of ) Tj ET Q q 0 0 0 rg BT 93.59 209.50 Td (the ) Tj ET Q q 0 0 0 rg BT 106.42 209.50 Td (range ) Tj ET Q q 0 0 0 rg BT 128.34 209.50 Td (represents ) Tj ET Q q 0 0 0 rg BT 167.14 209.50 Td (a ) Tj ET Q q 0 0 0 rg BT 173.47 209.50 Td (single ) Tj ET Q q 0 0 0 rg BT 195.82 209.50 Td (tenant ) Tj ET Q q 0 0 0 rg BT 219.48 209.50 Td (property ) Tj ET Q q 0 0 0 rg BT 250.05 209.50 Td (with ) Tj ET Q q 0 0 0 rg BT 265.90 209.50 Td (below ) Tj ET Q q 0 0 0 rg BT 288.24 209.50 Td (market ) Tj ET Q q 0 0 0 rg BT 314.05 209.50 Td (rents ) Tj ET Q q 0 0 0 rg BT 333.37 209.50 Td (located ) Tj ET Q q 0 0 0 rg BT 360.49 209.50 Td (in ) Tj ET Q q 0 0 0 rg BT 368.54 209.50 Td (the ) Tj ET Q q 0 0 0 rg BT 381.37 209.50 Td (Greater ) Tj ET Q q 0 0 0 rg BT 409.65 209.50 Td (T) Tj ET Q q 0 0 0 rg BT 413.55 209.50 Td (oronto ) Tj ET Q q 0 0 0 rg BT 437.24 209.50 Td (Area ) Tj ET Q q 0 0 0 rg BT 455.69 209.50 Td (\("GT) Tj ET Q q 0 0 0 rg BT 471.30 209.50 Td (A"\), ) Tj ET Q q 0 0 0 rg BT 486.02 209.50 Td (while ) Tj ET Q q 0 0 0 rg BT 505.76 209.50 Td (the ) Tj ET Q q 0 0 0 rg BT 518.59 209.50 Td (upper ) Tj ET Q q 0 0 0 rg BT 540.50 209.50 Td (end ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.16 198.10 Td (range ) Tj ET Q q 0 0 0 rg BT 93.25 198.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 132.23 198.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.73 198.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 157.78 198.10 Td (property ) Tj ET Q q 0 0 0 rg BT 188.53 198.10 Td (located ) Tj ET Q q 0 0 0 rg BT 215.82 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.05 198.10 Td (Manitoba. ) Tj ET Q q 0 0 0 rg BT 260.43 198.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 278.62 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.29 198.10 Td (these ) Tj ET Q q 0 0 0 rg BT 308.51 198.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 345.32 198.10 Td (have ) Tj ET Q q 0 0 0 rg BT 364.38 198.10 Td (an ) Tj ET Q q 0 0 0 rg BT 375.21 198.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 411.16 198.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 424.15 198.10 Td (value ) Tj ET Q q 0 0 0 rg BT 444.94 198.10 Td (below ) Tj ET Q q 0 0 0 rg BT 467.46 198.10 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 484.79 198.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 511.20 198.10 Td (individually) Tj ET Q q 0 0 0 rg BT 548.74 198.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 180.70 Td (V) Tj ET Q q 0 0 0 rg BT 54.13 180.70 Td (arious ) Tj ET Q q 0 0 0 rg BT 77.28 180.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 113.86 180.70 Td (within ) Tj ET Q q 0 0 0 rg BT 135.72 180.70 Td (the ) Tj ET Q q 0 0 0 rg BT 148.49 180.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 173.56 180.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 203.22 180.70 Td (are ) Tj ET Q q 0 0 0 rg BT 216.41 180.70 Td (either ) Tj ET Q q 0 0 0 rg BT 237.84 180.70 Td (vacant, ) Tj ET Q q 0 0 0 rg BT 264.90 180.70 Td (or ) Tj ET Q q 0 0 0 rg BT 273.77 180.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 315.98 180.70 Td (below ) Tj ET Q q 0 0 0 rg BT 338.27 180.70 Td (normalized ) Tj ET Q q 0 0 0 rg BT 378.31 180.70 Td (occupancy) Tj ET Q q 0 0 0 rg BT 414.99 180.70 Td (, ) Tj ET Q q 0 0 0 rg BT 419.10 180.70 Td (and ) Tj ET Q q 0 0 0 rg BT 434.03 180.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 459.35 180.70 Td (of ) Tj ET Q q 0 0 0 rg BT 467.79 180.70 Td (which ) Tj ET Q q 0 0 0 rg BT 489.65 180.70 Td (are ) Tj ET Q q 0 0 0 rg BT 502.84 180.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 536.40 180.70 Td (to ) Tj ET Q q 0 0 0 rg BT 544.84 180.70 Td (be ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 169.30 Td (so ) Tj ET Q q 0 0 0 rg BT 59.30 169.30 Td (for ) Tj ET Q q 0 0 0 rg BT 69.96 169.30 Td (all ) Tj ET Q q 0 0 0 rg BT 79.32 169.30 Td (or ) Tj ET Q q 0 0 0 rg BT 87.82 169.30 Td (a ) Tj ET Q q 0 0 0 rg BT 93.72 169.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 119.11 169.30 Td (of ) Tj ET Q q 0 0 0 rg BT 127.17 169.30 Td (the ) Tj ET Q q 0 0 0 rg BT 139.57 169.30 Td (next ) Tj ET Q q 0 0 0 rg BT 155.87 169.30 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 203.77 169.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 229.16 169.30 Td ( ) Tj ET Q q 0 0 0 rg BT 230.63 169.30 Td (These ) Tj ET Q q 0 0 0 rg BT 253.85 169.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 290.06 169.30 Td (include ) Tj ET Q q 0 0 0 rg BT 316.32 169.30 Td (the ) Tj ET Q q 0 0 0 rg BT 328.72 169.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 353.42 169.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 406.53 169.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 442.74 169.30 Td (and ) Tj ET Q q 0 0 0 rg BT 457.30 169.30 Td (one ) Tj ET Q q 0 0 0 rg BT 471.87 169.30 Td (vacant ) Tj ET Q q 0 0 0 rg BT 496.09 169.30 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 522.34 169.30 Td (industrial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 157.90 Td (property ) Tj ET Q q 0 0 0 rg BT 80.25 157.90 Td (which ) Tj ET Q q 0 0 0 rg BT 102.33 157.90 Td (has ) Tj ET Q q 0 0 0 rg BT 117.05 157.90 Td (been ) Tj ET Q q 0 0 0 rg BT 136.55 157.90 Td (sold ) Tj ET Q q 0 0 0 rg BT 153.01 157.90 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 195.46 157.90 Td (to ) Tj ET Q q 0 0 0 rg BT 204.13 157.90 Td (December ) Tj ET Q q 0 0 0 rg BT 242.23 157.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 255.23 157.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 274.72 157.90 Td (for ) Tj ET Q q 0 0 0 rg BT 285.98 157.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 320.20 157.90 Td (of ) Tj ET Q q 0 0 0 rg BT 328.86 157.90 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 346.19 157.90 Td (million. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 140.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.21 140.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 78.32 140.50 Td (value ) Tj ET Q q 0 0 0 rg BT 99.23 140.50 Td (of ) Tj ET Q q 0 0 0 rg BT 108.01 140.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 144.94 140.50 Td (are ) Tj ET Q q 0 0 0 rg BT 158.48 140.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 195.41 140.50 Td (individually ) Tj ET Q q 0 0 0 rg BT 235.80 140.50 Td (without ) Tj ET Q q 0 0 0 rg BT 262.77 140.50 Td (consideration ) Tj ET Q q 0 0 0 rg BT 311.40 140.50 Td (to ) Tj ET Q q 0 0 0 rg BT 320.18 140.50 Td (their ) Tj ET Q q 0 0 0 rg BT 337.62 140.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 374.99 140.50 Td (value ) Tj ET Q q 0 0 0 rg BT 395.90 140.50 Td (on ) Tj ET Q q 0 0 0 rg BT 406.85 140.50 Td (a ) Tj ET Q q 0 0 0 rg BT 413.47 140.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 443.47 140.50 Td (basis. ) Tj ET Q q 0 0 0 rg BT 466.11 140.50 Td (No ) Tj ET Q q 0 0 0 rg BT 478.35 140.50 Td (consideration ) Tj ET Q q 0 0 0 rg BT 526.98 140.50 Td (is ) Tj ET Q q 0 0 0 rg BT 534.89 140.50 Td (given ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 129.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.33 129.10 Td (diversification ) Tj ET Q q 0 0 0 rg BT 107.87 129.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 137.50 129.10 Td (related ) Tj ET Q q 0 0 0 rg BT 163.65 129.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.49 129.10 Td (single ) Tj ET Q q 0 0 0 rg BT 195.18 129.10 Td (property ) Tj ET Q q 0 0 0 rg BT 226.09 129.10 Td (tenant ) Tj ET Q q 0 0 0 rg BT 250.09 129.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 264.55 129.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.88 129.10 Td (geography) Tj ET Q q 0 0 0 rg BT 316.13 129.10 Td (, ) Tj ET Q q 0 0 0 rg BT 320.63 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.80 129.10 Td (value ) Tj ET Q q 0 0 0 rg BT 354.76 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.59 129.10 Td (assembling ) Tj ET Q q 0 0 0 rg BT 405.33 129.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.00 129.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 442.06 129.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.32 129.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.15 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.32 129.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 508.14 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.97 129.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.64 129.10 Td (common ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 117.70 Td (management ) Tj ET Q q 0 0 0 rg BT 97.30 117.70 Td (platform, ) Tj ET Q q 0 0 0 rg BT 129.93 117.70 Td (amongst ) Tj ET Q q 0 0 0 rg BT 162.14 117.70 Td (other ) Tj ET Q q 0 0 0 rg BT 182.23 117.70 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 213.55 117.70 Td (As ) Tj ET Q q 0 0 0 rg BT 224.97 117.70 Td (a ) Tj ET Q q 0 0 0 rg BT 231.62 117.70 Td (result, ) Tj ET Q q 0 0 0 rg BT 255.17 117.70 Td (the ) Tj ET Q q 0 0 0 rg BT 268.32 117.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 281.47 117.70 Td (value ) Tj ET Q q 0 0 0 rg BT 302.42 117.70 Td (of ) Tj ET Q q 0 0 0 rg BT 311.25 117.70 Td (the ) Tj ET Q q 0 0 0 rg BT 324.40 117.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 343.74 117.70 Td (s ) Tj ET Q q 0 0 0 rg BT 349.96 117.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 386.93 117.70 Td (taken ) Tj ET Q q 0 0 0 rg BT 408.32 117.70 Td (in ) Tj ET Q q 0 0 0 rg BT 416.70 117.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 454.12 117.70 Td (may ) Tj ET Q q 0 0 0 rg BT 471.16 117.70 Td (dif) Tj ET Q q 0 0 0 rg BT 479.26 117.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 490.67 117.70 Td (from ) Tj ET Q q 0 0 0 rg BT 508.58 117.70 Td (the ) Tj ET Q q 0 0 0 rg BT 521.74 117.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 534.89 117.70 Td (value ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 106.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 106.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 94.97 106.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 131.78 106.30 Td (individually ) Tj ET Q q 0 0 0 rg BT 172.06 106.30 Td (in ) Tj ET Q q 0 0 0 rg BT 180.29 106.30 Td (the ) Tj ET Q q 0 0 0 rg BT 193.29 106.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 212.62 106.30 Td (s ) Tj ET Q q 0 0 0 rg BT 218.69 106.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 264.60 106.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 304.88 106.30 Td (of ) Tj ET Q q 0 0 0 rg BT 313.55 106.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.30 106.30 Td (position.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 12) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (Property continuity) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 724.70 Td (A) Tj ET Q q 0 0 0 rg BT 54.27 724.70 Td ( continuity of the REIT's property interests is summarized below: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 708.2 m 253 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 708.2 m 328 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 708.2 m 403 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 708.2 m 478 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 708.2 m 553 708.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 680.2 m 253 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 680.2 m 328 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328 680.2 m 403 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403 680.2 m 478 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 680.2 m 553 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 560.2 m 253 560.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 560.2 m 328 560.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328 560.2 m 403 560.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403 560.2 m 478 560.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 560.2 m 553 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 545.2 m 253 545.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 545.2 m 328 545.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 545.2 m 403 545.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 545.2 m 478 545.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 545.2 m 553 545.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 276.50 698.73 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.80 698.73 Td (Y) Tj ET Q q 0 0 0 rg BT 463.28 698.73 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 307.15 684.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.15 684.73 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.15 684.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 684.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 669.73 Td (Balance, beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 669.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.20 669.73 Td (1,253,939) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.50 669.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.70 669.73 Td (937,160) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 405.50 669.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 446.70 669.73 Td (946,939) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.50 669.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.70 669.73 Td (729,089) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 654.73 Td (Acquisitions ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 95.24 657.16 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.10 654.78 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.10 654.73 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 446.70 654.73 Td (256,857) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.70 654.73 Td (172,936) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 639.73 Td (Capital expenditures) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.40 639.73 Td (5,845) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.40 639.73 Td (2,398) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.05 639.73 Td (24,396) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 639.73 Td (24,345) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 624.73 Td (Direct leasing costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.05 624.78 Td (14,607) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.40 624.73 Td (5,897) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.05 624.73 Td (40,020) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 624.73 Td (15,418) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 609.73 Td (Dispositions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.10 609.78 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.10 609.73 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.80 609.73 Td (\(4,400) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.90 609.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 609.73 Td (\(4,275) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 609.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 594.73 Td (Depreciation of hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 309.30 594.78 Td (\(215) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 324.90 594.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.30 594.73 Td (\(163) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.90 594.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.30 594.73 Td (\(799) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.90 594.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 594.73 Td (\(590) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 594.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 579.73 Td (Change in fair value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.40 579.73 Td (5,218) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.40 579.73 Td (1,022) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.05 579.73 Td (15,126) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 579.73 Td (7,933) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 564.73 Td (Straight line rent and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.90 564.73 Td (1) Tj ET Q q 0 0 0 rg BT 316.23 564.73 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.90 564.73 Td (625) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.40 564.73 Td (1,370) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 564.73 Td (2,083) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 549.73 Td (Balance, end of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 549.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.20 549.73 Td (1,279,509) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.50 549.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.70 549.73 Td (946,939) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 405.50 549.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.20 549.73 Td (1,279,509) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.50 549.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.70 549.73 Td (946,939) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 536.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.39 536.70 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 92.92 536.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 123.69 536.70 Td (the ) Tj ET Q q 0 0 0 rg BT 133.95 536.70 Td (total ) Tj ET Q q 0 0 0 rg BT 147.29 536.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 174.30 536.70 Td (price ) Tj ET Q q 0 0 0 rg BT 189.34 536.70 Td (and ) Tj ET Q q 0 0 0 rg BT 201.31 536.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 217.38 536.70 Td (of ) Tj ET Q q 0 0 0 rg BT 224.23 536.70 Td (acquisition.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 519.30 Td (Capital ) Tj ET Q q 0 0 0 rg BT 75.73 519.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 122.32 519.30 Td (are ) Tj ET Q q 0 0 0 rg BT 135.56 519.30 Td (incurred ) Tj ET Q q 0 0 0 rg BT 165.69 519.30 Td (by ) Tj ET Q q 0 0 0 rg BT 175.90 519.30 Td (the ) Tj ET Q q 0 0 0 rg BT 188.71 519.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 206.32 519.30 Td ( ) Tj ET Q q 0 0 0 rg BT 208.30 519.30 Td (for ) Tj ET Q q 0 0 0 rg BT 219.37 519.30 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 261.20 519.30 Td (or ) Tj ET Q q 0 0 0 rg BT 270.10 519.30 Td (improving ) Tj ET Q q 0 0 0 rg BT 305.86 519.30 Td (its ) Tj ET Q q 0 0 0 rg BT 315.63 519.30 Td (properties. ) Tj ET Q q 0 0 0 rg BT 354.42 519.30 Td (Certain ) Tj ET Q q 0 0 0 rg BT 381.51 519.30 Td (leases ) Tj ET Q q 0 0 0 rg BT 406.02 519.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 433.55 519.30 Td (the ) Tj ET Q q 0 0 0 rg BT 446.36 519.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 468.26 519.30 Td (to ) Tj ET Q q 0 0 0 rg BT 476.74 519.30 Td (recover ) Tj ET Q q 0 0 0 rg BT 504.70 519.30 Td (all ) Tj ET Q q 0 0 0 rg BT 514.48 519.30 Td (or ) Tj ET Q q 0 0 0 rg BT 523.38 519.30 Td (a ) Tj ET Q q 0 0 0 rg BT 529.70 519.30 Td (portion ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 507.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.79 507.90 Td (these ) Tj ET Q q 0 0 0 rg BT 80.64 507.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 101.62 507.90 Td (from ) Tj ET Q q 0 0 0 rg BT 119.99 507.90 Td (tenants ) Tj ET Q q 0 0 0 rg BT 148.34 507.90 Td (over ) Tj ET Q q 0 0 0 rg BT 166.28 507.90 Td (time. ) Tj ET Q q 0 0 0 rg BT 185.96 507.90 Td (Direct ) Tj ET Q q 0 0 0 rg BT 209.09 507.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 236.56 507.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 257.54 507.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 291.95 507.90 Td (include ) Tj ET Q q 0 0 0 rg BT 319.42 507.90 Td (tenant ) Tj ET Q q 0 0 0 rg BT 343.88 507.90 Td (improvement ) Tj ET Q q 0 0 0 rg BT 391.69 507.90 Td (construction ) Tj ET Q q 0 0 0 rg BT 436.49 507.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 457.47 507.90 Td (related ) Tj ET Q q 0 0 0 rg BT 484.08 507.90 Td (to ) Tj ET Q q 0 0 0 rg BT 493.37 507.90 Td (new ) Tj ET Q q 0 0 0 rg BT 510.45 507.90 Td (and ) Tj ET Q q 0 0 0 rg BT 526.23 507.90 Td (renewal ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 496.50 Td (leasing.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 479.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.23 479.10 Td (change ) Tj ET Q q 0 0 0 rg BT 93.10 479.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.48 479.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 131.50 479.10 Td (value ) Tj ET Q q 0 0 0 rg BT 152.43 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.24 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.38 479.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 199.83 479.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 236.78 479.10 Td (during ) Tj ET Q q 0 0 0 rg BT 260.74 479.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 273.89 479.10 Td (year ) Tj ET Q q 0 0 0 rg BT 291.35 479.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 315.32 479.10 Td (December ) Tj ET Q q 0 0 0 rg BT 353.57 479.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 366.71 479.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.04 479.10 Td ( ) Tj ET Q q 0 0 0 rg BT 386.35 479.10 Td (is ) Tj ET Q q 0 0 0 rg BT 394.29 479.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 426.03 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.17 479.10 Td (result ) Tj ET Q q 0 0 0 rg BT 460.53 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.34 479.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 488.98 479.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 528.11 479.10 Td (activity) Tj ET Q q 0 0 0 rg BT 551.35 479.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 467.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.13 467.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.74 467.70 Td ( ) Tj ET Q q 0 0 0 rg BT 84.95 467.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 117.04 467.70 Td (four ) Tj ET Q q 0 0 0 rg BT 132.68 467.70 Td (of) Tj ET Q q 0 0 0 rg BT 139.04 467.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 153.38 467.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 190.23 467.70 Td (in ) Tj ET Q q 0 0 0 rg BT 198.50 467.70 Td (the ) Tj ET Q q 0 0 0 rg BT 211.54 467.70 Td (second ) Tj ET Q q 0 0 0 rg BT 238.87 467.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 265.76 467.70 Td (of ) Tj ET Q q 0 0 0 rg BT 274.47 467.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 296.18 467.70 Td (including ) Tj ET Q q 0 0 0 rg BT 329.14 467.70 Td (W) Tj ET Q q 0 0 0 rg BT 336.35 467.70 Td (est ) Tj ET Q q 0 0 0 rg BT 348.96 467.70 Td (Metro ) Tj ET Q q 0 0 0 rg BT 371.08 467.70 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 407.93 467.70 Td (Centre ) Tj ET Q q 0 0 0 rg BT 433.52 467.70 Td (and ) Tj ET Q q 0 0 0 rg BT 448.72 467.70 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 489.02 467.70 Td (W) Tj ET Q q 0 0 0 rg BT 496.24 467.70 Td (est ) Tj ET Q q 0 0 0 rg BT 508.84 467.70 Td (in ) Tj ET Q q 0 0 0 rg BT 517.12 467.70 Td (Etobicoke, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 456.30 Td (ON, ) Tj ET Q q 0 0 0 rg BT 65.52 456.30 Td (and ) Tj ET Q q 0 0 0 rg BT 80.68 456.30 Td (250 ) Tj ET Q q 0 0 0 rg BT 95.85 456.30 Td (King ) Tj ET Q q 0 0 0 rg BT 113.61 456.30 Td (Street ) Tj ET Q q 0 0 0 rg BT 136.56 456.30 Td (and ) Tj ET Q q 0 0 0 rg BT 151.73 456.30 Td (460 ) Tj ET Q q 0 0 0 rg BT 166.76 456.30 Td (T) Tj ET Q q 0 0 0 rg BT 171.09 456.30 Td (wo ) Tj ET Q q 0 0 0 rg BT 183.21 456.30 Td (Nations ) Tj ET Q q 0 0 0 rg BT 211.79 456.30 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 244.70 456.30 Td (in ) Tj ET Q q 0 0 0 rg BT 252.93 456.30 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 296.66 456.30 Td (NB ) Tj ET Q q 0 0 0 rg BT 309.65 456.30 Td (for ) Tj ET Q q 0 0 0 rg BT 320.91 456.30 Td (combined ) Tj ET Q q 0 0 0 rg BT 356.85 456.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 391.07 456.30 Td (price ) Tj ET Q q 0 0 0 rg BT 410.12 456.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 418.79 456.30 Td ($244.5 ) Tj ET Q q 0 0 0 rg BT 444.79 456.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 466.86 456.30 Td (, ) Tj ET Q q 0 0 0 rg BT 471.20 456.30 Td (net ) Tj ET Q q 0 0 0 rg BT 484.20 456.30 Td (of ) Tj ET Q q 0 0 0 rg BT 492.86 456.30 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 539.20 456.30 Td (plus ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 444.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 89.54 444.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 109.67 444.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 118.10 444.90 Td ($12.4 ) Tj ET Q q 0 0 0 rg BT 139.53 444.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 161.60 444.90 Td (. ) Tj ET Q q 0 0 0 rg BT 165.70 444.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 191.88 444.90 Td (and ) Tj ET Q q 0 0 0 rg BT 206.81 444.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 227.80 444.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 254.42 444.90 Td (spend, ) Tj ET Q q 0 0 0 rg BT 279.74 444.90 Td (as ) Tj ET Q q 0 0 0 rg BT 289.90 444.90 Td (well ) Tj ET Q q 0 0 0 rg BT 305.25 444.90 Td (as ) Tj ET Q q 0 0 0 rg BT 315.41 444.90 Td (positive ) Tj ET Q q 0 0 0 rg BT 343.76 444.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 370.38 444.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 396.13 444.90 Td (throughout ) Tj ET Q q 0 0 0 rg BT 435.32 444.90 Td (the ) Tj ET Q q 0 0 0 rg BT 448.08 444.90 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 479.90 444.90 Td (have ) Tj ET Q q 0 0 0 rg BT 498.73 444.90 Td (also ) Tj ET Q q 0 0 0 rg BT 514.95 444.90 Td (contributed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 433.50 Td (to ) Tj ET Q q 0 0 0 rg BT 57.67 433.50 Td (the ) Tj ET Q q 0 0 0 rg BT 70.17 433.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 101.29 433.50 Td (in ) Tj ET Q q 0 0 0 rg BT 109.02 433.50 Td (value. ) Tj ET Q q 0 0 0 rg BT 131.48 433.50 Td (Only ) Tj ET Q q 0 0 0 rg BT 149.17 433.50 Td (minor ) Tj ET Q q 0 0 0 rg BT 170.32 433.50 Td (modifications ) Tj ET Q q 0 0 0 rg BT 217.46 433.50 Td (to ) Tj ET Q q 0 0 0 rg BT 225.63 433.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.75 433.50 Td (flows, ) Tj ET Q q 0 0 0 rg BT 265.34 433.50 Td (discount ) Tj ET Q q 0 0 0 rg BT 296.03 433.50 Td (and ) Tj ET Q q 0 0 0 rg BT 310.69 433.50 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 357.41 433.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 376.40 433.50 Td (were ) Tj ET Q q 0 0 0 rg BT 394.95 433.50 Td (made ) Tj ET Q q 0 0 0 rg BT 416.10 433.50 Td (at ) Tj ET Q q 0 0 0 rg BT 424.27 433.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 449.33 433.50 Td (other ) Tj ET Q q 0 0 0 rg BT 468.75 433.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 505.06 433.50 Td (in ) Tj ET Q q 0 0 0 rg BT 512.80 433.50 Td (determining ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 422.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 87.80 422.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 119.41 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.08 422.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 147.99 422.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 160.98 422.10 Td (value. ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 13) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 740.30 Td (P) Tj ET Q q 0 0 0 rg BT 55.34 740.30 Td (ART III - RESUL) Tj ET Q q 0 0 0 rg BT 127.87 740.30 Td (TS OF OPERA) Tj ET Q q 0 0 0 rg BT 193.85 740.30 Td (TIONS) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 728.90 Td (SUMMAR) Tj ET Q q 0 0 0 rg BT 84.26 728.90 Td (Y) Tj ET Q q 0 0 0 rg BT 89.32 728.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.49 728.90 Td (OF ) Tj ET Q q 0 0 0 rg BT 104.47 728.90 Td (RESUL) Tj ET Q q 0 0 0 rg BT 130.30 728.90 Td (TS ) Tj ET Q q 0 0 0 rg BT 142.42 728.90 Td (OF ) Tj ET Q q 0 0 0 rg BT 155.41 728.90 Td (OPERA) Tj ET Q q 0 0 0 rg BT 182.54 728.90 Td (TIONS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 711.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 711.50 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 711.50 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 711.50 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 711.50 Td (summary ) Tj ET Q q 0 0 0 rg BT 146.06 711.50 Td (of ) Tj ET Q q 0 0 0 rg BT 154.72 711.50 Td (the ) Tj ET Q q 0 0 0 rg BT 167.72 711.50 Td (results ) Tj ET Q q 0 0 0 rg BT 192.84 711.50 Td (of ) Tj ET Q q 0 0 0 rg BT 201.50 711.50 Td (operations:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 695 m 254 695 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 695 m 329 695 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 695 m 404 695 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 695 m 479 695 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 695 m 554 695 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 666 m 254 666 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 666 m 329 666 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 666 m 404 666 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 666 m 479 666 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 666 m 554 666 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 666 m 329 666 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 517 m 254 517 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 517 m 329 517 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 517 m 404 517 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 517 m 479 517 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 517 m 554 517 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 472 m 254 472 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 472 m 329 472 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 472 m 404 472 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 472 m 479 472 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 472 m 554 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 457 m 254 457 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 457 m 329 457 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 457 m 404 457 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 457 m 479 457 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 457 m 554 457 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 684.53 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 684.53 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 684.53 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 670.53 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 670.53 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 670.53 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 670.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 656.58 Td (Rental revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 655.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 655.58 Td (42,380) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 655.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 655.53 Td (35,094) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 655.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 655.53 Td (152,136) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 655.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 655.53 Td (122,190) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 641.58 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.45 640.53 Td (\(23,776) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 640.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.45 640.53 Td (\(19,404) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 640.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.45 640.53 Td (\(81,931) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 640.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.45 640.53 Td (\(66,062) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 640.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 626.58 Td (Finance income on finance lease receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 625.53 Td (964) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 625.53 Td (998) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 625.53 Td (3,908) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 625.53 Td (4,041) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 611.58 Td (Interest income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.20 610.53 Td (32) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.20 610.53 Td (21) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.20 610.53 Td (88) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.20 610.53 Td (71) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 596.58 Td (Interest and finance costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.80 595.58 Td (\(7,374) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 595.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 595.53 Td (\(5,143) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 595.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.45 595.53 Td (\(26,509) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 595.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.45 595.53 Td (\(18,781) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 595.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 581.58 Td (General and administrative ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.80 580.58 Td (\(1,789) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 580.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 580.53 Td (\(1,075) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 580.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 580.53 Td (\(5,754) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 580.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 580.53 Td (\(4,205) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 580.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 566.58 Td (Change in fair value of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 566.53 Td (5,218) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 566.53 Td (1,022) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 566.53 Td (15,126) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 566.53 Td (7,933) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 552.58 Td (Change in fair value of financial instruments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 551.53 Td (253) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 551.53 Td (1,564) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 551.53 Td (\(1,182) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 551.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 551.53 Td (602) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 537.58 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.10 536.58 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.30 536.53 Td (\(101) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 536.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.30 536.53 Td (\(146) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 536.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 536.53 Td (\(322) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 536.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 522.58 Td (Depreciation of hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 521.58 Td (\(215) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 521.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.30 521.53 Td (\(162) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 521.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.30 521.53 Td (\(799) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 521.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 521.53 Td (\(590) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 521.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 507.58 Td (Net income before Class B LP) Tj ET Q q 0 0 0 rg BT 163.19 507.58 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 506.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 506.58 Td (15,693) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 506.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 506.53 Td (12,814) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 506.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 506.53 Td (54,937) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 506.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 506.53 Td (44,877) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 492.58 Td (Change in fair value of Class B LP) Tj ET Q q 0 0 0 rg BT 171.03 492.58 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 492.63 Td (\(528) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 492.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 492.58 Td (2,748) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 492.58 Td (\(1,268) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 492.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 492.58 Td (\(4,493) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 492.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 477.58 Td (Distributions to Class B LP) Tj ET Q q 0 0 0 rg BT 144.59 477.58 Td ( unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 477.63 Td (\(991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 477.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.30 477.58 Td (\(991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 477.58 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 477.58 Td (\(3,964) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 477.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 477.58 Td (\(3,964) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 477.58 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 462.58 Td (Net income and comprehensive income ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 462.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 462.63 Td (14,174) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 462.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 462.58 Td (14,571) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 462.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 462.58 Td (49,705) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 462.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 462.58 Td (36,420) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (NET ) Tj ET Q q 0 0 0 rg BT 67.24 440.10 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 100.57 440.10 Td (BEFORE ) Tj ET Q q 0 0 0 rg BT 135.19 440.10 Td (CLASS ) Tj ET Q q 0 0 0 rg BT 163.75 440.10 Td (B ) Tj ET Q q 0 0 0 rg BT 171.54 440.10 Td (LP) Tj ET Q q 0 0 0 rg BT 181.36 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.53 440.10 Td (UNITS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 422.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 62.99 422.70 Td (income ) Tj ET Q q 0 0 0 rg BT 89.48 422.70 Td (before ) Tj ET Q q 0 0 0 rg BT 112.94 422.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 133.79 422.70 Td (B ) Tj ET Q q 0 0 0 rg BT 140.35 422.70 Td (LP) Tj ET Q q 0 0 0 rg BT 149.75 422.70 Td ( ) Tj ET Q q 0 0 0 rg BT 151.12 422.70 Td (units ) Tj ET Q q 0 0 0 rg BT 168.95 422.70 Td (is ) Tj ET Q q 0 0 0 rg BT 175.95 422.70 Td (an ) Tj ET Q q 0 0 0 rg BT 185.98 422.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 220.71 422.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 239.82 422.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 271.50 422.70 Td (that ) Tj ET Q q 0 0 0 rg BT 285.87 422.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 324.05 422.70 Td (the ) Tj ET Q q 0 0 0 rg BT 336.25 422.70 Td (change ) Tj ET Q q 0 0 0 rg BT 363.18 422.70 Td (in ) Tj ET Q q 0 0 0 rg BT 370.62 422.70 Td (net ) Tj ET Q q 0 0 0 rg BT 382.82 422.70 Td (income, ) Tj ET Q q 0 0 0 rg BT 411.47 422.70 Td (before ) Tj ET Q q 0 0 0 rg BT 434.93 422.70 Td (the ) Tj ET Q q 0 0 0 rg BT 447.14 422.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 471.45 422.70 Td (of ) Tj ET Q q 0 0 0 rg BT 479.32 422.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 491.52 422.70 Td (value ) Tj ET Q q 0 0 0 rg BT 511.51 422.70 Td (adjustments ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 411.30 Td (to ) Tj ET Q q 0 0 0 rg BT 58.26 411.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 80.00 411.30 Td (B ) Tj ET Q q 0 0 0 rg BT 87.46 411.30 Td (LP) Tj ET Q q 0 0 0 rg BT 96.85 411.30 Td ( ) Tj ET Q q 0 0 0 rg BT 99.12 411.30 Td (units ) Tj ET Q q 0 0 0 rg BT 117.84 411.30 Td (and ) Tj ET Q q 0 0 0 rg BT 133.10 411.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 176.93 411.30 Td (to ) Tj ET Q q 0 0 0 rg BT 185.70 411.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 207.44 411.30 Td (B ) Tj ET Q q 0 0 0 rg BT 214.89 411.30 Td (LP) Tj ET Q q 0 0 0 rg BT 224.29 411.30 Td ( ) Tj ET Q q 0 0 0 rg BT 226.55 411.30 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 266.93 411.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 299.93 411.30 Td (in ) Tj ET Q q 0 0 0 rg BT 308.26 411.30 Td (net ) Tj ET Q q 0 0 0 rg BT 321.35 411.30 Td (income. ) Tj ET Q q 0 0 0 rg BT 350.90 411.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 398.63 411.30 Td (uses ) Tj ET Q q 0 0 0 rg BT 417.35 411.30 Td (and ) Tj ET Q q 0 0 0 rg BT 432.61 411.30 Td (believes ) Tj ET Q q 0 0 0 rg BT 463.46 411.30 Td (that ) Tj ET Q q 0 0 0 rg BT 478.72 411.30 Td (this ) Tj ET Q q 0 0 0 rg BT 493.11 411.30 Td (metric ) Tj ET Q q 0 0 0 rg BT 516.58 411.30 Td (is ) Tj ET Q q 0 0 0 rg BT 524.47 411.30 Td (valuable ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 399.90 Td (to ) Tj ET Q q 0 0 0 rg BT 58.19 399.90 Td (users ) Tj ET Q q 0 0 0 rg BT 79.43 399.90 Td (to ) Tj ET Q q 0 0 0 rg BT 88.11 399.90 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 119.76 399.90 Td (net ) Tj ET Q q 0 0 0 rg BT 132.78 399.90 Td (income ) Tj ET Q q 0 0 0 rg BT 160.08 399.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 177.85 399.90 Td (to ) Tj ET Q q 0 0 0 rg BT 186.54 399.90 Td (all ) Tj ET Q q 0 0 0 rg BT 196.52 399.90 Td (residual ) Tj ET Q q 0 0 0 rg BT 225.99 399.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 248.97 399.90 Td (holders, ) Tj ET Q q 0 0 0 rg BT 278.88 399.90 Td (as ) Tj ET Q q 0 0 0 rg BT 289.29 399.90 Td (the ) Tj ET Q q 0 0 0 rg BT 302.31 399.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 323.98 399.90 Td (B ) Tj ET Q q 0 0 0 rg BT 331.36 399.90 Td (LP) Tj ET Q q 0 0 0 rg BT 340.76 399.90 Td ( ) Tj ET Q q 0 0 0 rg BT 342.95 399.90 Td (units ) Tj ET Q q 0 0 0 rg BT 361.59 399.90 Td (are ) Tj ET Q q 0 0 0 rg BT 375.04 399.90 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 425.74 399.90 Td (into ) Tj ET Q q 0 0 0 rg BT 440.49 399.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 458.10 399.90 Td ( ) Tj ET Q q 0 0 0 rg BT 460.29 399.90 Td (units ) Tj ET Q q 0 0 0 rg BT 478.94 399.90 Td (and ) Tj ET Q q 0 0 0 rg BT 494.13 399.90 Td (are ) Tj ET Q q 0 0 0 rg BT 507.57 399.90 Td (in ) Tj ET Q q 0 0 0 rg BT 515.82 399.90 Td (all ) Tj ET Q q 0 0 0 rg BT 525.81 399.90 Td (material ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 388.50 Td (respects ) Tj ET Q q 0 0 0 rg BT 81.11 388.50 Td (economically ) Tj ET Q q 0 0 0 rg BT 128.31 388.50 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 166.00 388.50 Td (to ) Tj ET Q q 0 0 0 rg BT 174.66 388.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 192.27 388.50 Td ( ) Tj ET Q q 0 0 0 rg BT 194.44 388.50 Td (units. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 63.48 371.10 Td (income ) Tj ET Q q 0 0 0 rg BT 90.45 371.10 Td (before ) Tj ET Q q 0 0 0 rg BT 114.39 371.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 135.73 371.10 Td (B ) Tj ET Q q 0 0 0 rg BT 142.78 371.10 Td (LP) Tj ET Q q 0 0 0 rg BT 152.17 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.03 371.10 Td (units ) Tj ET Q q 0 0 0 rg BT 172.35 371.10 Td (for ) Tj ET Q q 0 0 0 rg BT 183.29 371.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 195.98 371.10 Td (three ) Tj ET Q q 0 0 0 rg BT 215.60 371.10 Td (months ) Tj ET Q q 0 0 0 rg BT 243.00 371.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 266.52 371.10 Td (December ) Tj ET Q q 0 0 0 rg BT 304.31 371.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 317.00 371.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 334.33 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.18 371.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 351.89 371.10 Td ($15.7 ) Tj ET Q q 0 0 0 rg BT 373.25 371.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 395.32 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.18 371.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 433.68 371.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.03 371.10 Td ($12.8 ) Tj ET Q q 0 0 0 rg BT 463.39 371.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.46 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.32 371.10 Td (for ) Tj ET Q q 0 0 0 rg BT 498.27 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.96 371.10 Td (same ) Tj ET Q q 0 0 0 rg BT 531.86 371.10 Td (period ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 359.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 57.52 359.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 74.85 359.70 Td (. ) Tj ET Q q 0 0 0 rg BT 78.97 359.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 94.77 359.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 130.51 359.70 Td (from ) Tj ET Q q 0 0 0 rg BT 148.04 359.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 186.81 359.70 Td (activity ) Tj ET Q q 0 0 0 rg BT 212.58 359.70 Td (in ) Tj ET Q q 0 0 0 rg BT 220.60 359.70 Td (the ) Tj ET Q q 0 0 0 rg BT 233.38 359.70 Td (second ) Tj ET Q q 0 0 0 rg BT 260.46 359.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 287.10 359.70 Td (of ) Tj ET Q q 0 0 0 rg BT 295.55 359.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 314.83 359.70 Td (as ) Tj ET Q q 0 0 0 rg BT 325.02 359.70 Td (well ) Tj ET Q q 0 0 0 rg BT 340.39 359.70 Td (as ) Tj ET Q q 0 0 0 rg BT 350.57 359.70 Td (a ) Tj ET Q q 0 0 0 rg BT 356.86 359.70 Td (full ) Tj ET Q q 0 0 0 rg BT 368.77 359.70 Td (year ) Tj ET Q q 0 0 0 rg BT 385.88 359.70 Td (of ) Tj ET Q q 0 0 0 rg BT 394.33 359.70 Td (contribution ) Tj ET Q q 0 0 0 rg BT 436.57 359.70 Td (from ) Tj ET Q q 0 0 0 rg BT 454.10 359.70 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 496.77 359.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 534.67 359.70 Td (in ) Tj ET Q q 0 0 0 rg BT 542.68 359.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 348.30 Td (second ) Tj ET Q q 0 0 0 rg BT 76.93 348.30 Td (half ) Tj ET Q q 0 0 0 rg BT 91.81 348.30 Td (of ) Tj ET Q q 0 0 0 rg BT 100.62 348.30 Td (2016. ) Tj ET Q q 0 0 0 rg BT 122.42 348.30 Td (Interest ) Tj ET Q q 0 0 0 rg BT 150.72 348.30 Td (and ) Tj ET Q q 0 0 0 rg BT 166.03 348.30 Td (finance ) Tj ET Q q 0 0 0 rg BT 193.46 348.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 213.96 348.30 Td (for ) Tj ET Q q 0 0 0 rg BT 225.36 348.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 238.51 348.30 Td (three ) Tj ET Q q 0 0 0 rg BT 258.57 348.30 Td (months ) Tj ET Q q 0 0 0 rg BT 286.44 348.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 310.41 348.30 Td (December ) Tj ET Q q 0 0 0 rg BT 348.65 348.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 361.79 348.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.12 348.30 Td ( ) Tj ET Q q 0 0 0 rg BT 381.43 348.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 417.52 348.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.33 348.30 Td ($7.4 ) Tj ET Q q 0 0 0 rg BT 443.81 348.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.88 348.30 Td ( ) Tj ET Q q 0 0 0 rg BT 468.19 348.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 505.15 348.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 513.96 348.30 Td ($5.1 ) Tj ET Q q 0 0 0 rg BT 531.43 348.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 336.90 Td (for ) Tj ET Q q 0 0 0 rg BT 60.44 336.90 Td (the ) Tj ET Q q 0 0 0 rg BT 73.13 336.90 Td (same ) Tj ET Q q 0 0 0 rg BT 94.03 336.90 Td (period ) Tj ET Q q 0 0 0 rg BT 117.53 336.90 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 125.45 336.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 142.78 336.90 Td (. ) Tj ET Q q 0 0 0 rg BT 146.68 336.90 Td (The ) Tj ET Q q 0 0 0 rg BT 161.96 336.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 193.25 336.90 Td (is ) Tj ET Q q 0 0 0 rg BT 200.73 336.90 Td (from ) Tj ET Q q 0 0 0 rg BT 218.16 336.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 253.37 336.90 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 293.32 336.90 Td (to ) Tj ET Q q 0 0 0 rg BT 301.67 336.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 328.64 336.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 371.20 336.90 Td (and ) Tj ET Q q 0 0 0 rg BT 386.05 336.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 421.68 336.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 449.08 336.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 468.26 336.90 Td (on ) Tj ET Q q 0 0 0 rg BT 478.77 336.90 Td (floating ) Tj ET Q q 0 0 0 rg BT 505.75 336.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 521.02 336.90 Td (debt. ) Tj ET Q q 0 0 0 rg BT 540.09 336.90 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 325.50 Td (change ) Tj ET Q q 0 0 0 rg BT 77.09 325.50 Td (in ) Tj ET Q q 0 0 0 rg BT 85.19 325.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 98.05 325.50 Td (value ) Tj ET Q q 0 0 0 rg BT 118.71 325.50 Td (of ) Tj ET Q q 0 0 0 rg BT 127.24 325.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 166.96 325.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 203.63 325.50 Td (was ) Tj ET Q q 0 0 0 rg BT 219.52 325.50 Td (a ) Tj ET Q q 0 0 0 rg BT 225.89 325.50 Td (gain ) Tj ET Q q 0 0 0 rg BT 242.65 325.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 251.18 325.50 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 268.38 325.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 290.46 325.50 Td ( ) Tj ET Q q 0 0 0 rg BT 292.50 325.50 Td (for ) Tj ET Q q 0 0 0 rg BT 303.62 325.50 Td (the ) Tj ET Q q 0 0 0 rg BT 316.49 325.50 Td (three ) Tj ET Q q 0 0 0 rg BT 336.28 325.50 Td (months ) Tj ET Q q 0 0 0 rg BT 363.87 325.50 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.57 325.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 438.53 325.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.86 325.50 Td ( ) Tj ET Q q 0 0 0 rg BT 457.90 325.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 494.57 325.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 503.11 325.50 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 520.31 325.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.38 325.50 Td ( ) Tj ET Q q 0 0 0 rg BT 544.42 325.50 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 62.31 314.10 Td (three ) Tj ET Q q 0 0 0 rg BT 82.05 314.10 Td (months ) Tj ET Q q 0 0 0 rg BT 109.58 314.10 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.22 314.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 184.13 314.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 201.46 314.10 Td (. ) Tj ET Q q 0 0 0 rg BT 205.48 314.10 Td (The ) Tj ET Q q 0 0 0 rg BT 220.89 314.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 252.31 314.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.35 314.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 300.01 314.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 336.63 314.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.67 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.49 314.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 384.15 314.10 Td (is ) Tj ET Q q 0 0 0 rg BT 391.75 314.10 Td (due ) Tj ET Q q 0 0 0 rg BT 406.73 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.21 314.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 450.54 314.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 484.14 314.10 Td (on ) Tj ET Q q 0 0 0 rg BT 494.79 314.10 Td (value-add ) Tj ET Q q 0 0 0 rg BT 530.98 314.10 Td (capital ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 302.70 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 302.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 91.52 302.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 111.87 302.70 Td (as ) Tj ET Q q 0 0 0 rg BT 122.27 302.70 Td (well ) Tj ET Q q 0 0 0 rg BT 137.85 302.70 Td (as ) Tj ET Q q 0 0 0 rg BT 148.25 302.70 Td (minor ) Tj ET Q q 0 0 0 rg BT 169.89 302.70 Td (modifications ) Tj ET Q q 0 0 0 rg BT 217.53 302.70 Td (to ) Tj ET Q q 0 0 0 rg BT 226.19 302.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 244.82 302.70 Td (flow) Tj ET Q q 0 0 0 rg BT 258.24 302.70 Td (, ) Tj ET Q q 0 0 0 rg BT 262.58 302.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 293.76 302.70 Td (and ) Tj ET Q q 0 0 0 rg BT 308.93 302.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 356.14 302.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 375.62 302.70 Td (at ) Tj ET Q q 0 0 0 rg BT 384.29 302.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 409.84 302.70 Td (properties. ) Tj ET Q q 0 0 0 rg BT 448.81 302.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 285.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.96 285.30 Td (change ) Tj ET Q q 0 0 0 rg BT 92.55 285.30 Td (in ) Tj ET Q q 0 0 0 rg BT 100.65 285.30 Td (net ) Tj ET Q q 0 0 0 rg BT 113.51 285.30 Td (income ) Tj ET Q q 0 0 0 rg BT 140.66 285.30 Td (before ) Tj ET Q q 0 0 0 rg BT 164.78 285.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 186.29 285.30 Td (B ) Tj ET Q q 0 0 0 rg BT 193.52 285.30 Td (LP) Tj ET Q q 0 0 0 rg BT 202.91 285.30 Td ( ) Tj ET Q q 0 0 0 rg BT 204.95 285.30 Td (units ) Tj ET Q q 0 0 0 rg BT 223.44 285.30 Td (for ) Tj ET Q q 0 0 0 rg BT 234.56 285.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 247.43 285.30 Td (year ) Tj ET Q q 0 0 0 rg BT 264.62 285.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 288.31 285.30 Td (December ) Tj ET Q q 0 0 0 rg BT 326.28 285.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 339.14 285.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 356.47 285.30 Td ( ) Tj ET Q q 0 0 0 rg BT 358.51 285.30 Td (when ) Tj ET Q q 0 0 0 rg BT 379.16 285.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 415.83 285.30 Td (to ) Tj ET Q q 0 0 0 rg BT 424.37 285.30 Td (the ) Tj ET Q q 0 0 0 rg BT 437.23 285.30 Td (same ) Tj ET Q q 0 0 0 rg BT 458.32 285.30 Td (period ) Tj ET Q q 0 0 0 rg BT 482.00 285.30 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 490.10 285.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 507.43 285.30 Td ( ) Tj ET Q q 0 0 0 rg BT 509.46 285.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 545.27 285.30 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 273.90 Td ($10.1 ) Tj ET Q q 0 0 0 rg BT 71.08 273.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 93.16 273.90 Td ( ) Tj ET Q q 0 0 0 rg BT 95.25 273.90 Td (from ) Tj ET Q q 0 0 0 rg BT 112.91 273.90 Td (an ) Tj ET Q q 0 0 0 rg BT 123.66 273.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 155.20 273.90 Td (in ) Tj ET Q q 0 0 0 rg BT 163.35 273.90 Td (net ) Tj ET Q q 0 0 0 rg BT 176.26 273.90 Td (property ) Tj ET Q q 0 0 0 rg BT 206.93 273.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 241.50 273.90 Td (income ) Tj ET Q q 0 0 0 rg BT 268.70 273.90 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 279.02 273.90 Td ($14.1 ) Tj ET Q q 0 0 0 rg BT 300.60 273.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 322.67 273.90 Td ( ) Tj ET Q q 0 0 0 rg BT 324.76 273.90 Td (as ) Tj ET Q q 0 0 0 rg BT 335.08 273.90 Td (a ) Tj ET Q q 0 0 0 rg BT 341.49 273.90 Td (result ) Tj ET Q q 0 0 0 rg BT 362.63 273.90 Td (of ) Tj ET Q q 0 0 0 rg BT 371.22 273.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 401.02 273.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 426.48 273.90 Td (attributable ) Tj ET Q q 0 0 0 rg BT 467.12 273.90 Td (to ) Tj ET Q q 0 0 0 rg BT 475.70 273.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 514.60 273.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 540.51 273.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 262.50 Td (an ) Tj ET Q q 0 0 0 rg BT 59.91 262.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 91.11 262.50 Td (in ) Tj ET Q q 0 0 0 rg BT 98.92 262.50 Td (the ) Tj ET Q q 0 0 0 rg BT 111.50 262.50 Td (change ) Tj ET Q q 0 0 0 rg BT 138.81 262.50 Td (in ) Tj ET Q q 0 0 0 rg BT 146.62 262.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 159.19 262.50 Td (value ) Tj ET Q q 0 0 0 rg BT 179.56 262.50 Td (of ) Tj ET Q q 0 0 0 rg BT 187.81 262.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 224.20 262.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 232.45 262.50 Td ($7.2 ) Tj ET Q q 0 0 0 rg BT 249.36 262.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 271.44 262.50 Td (, ) Tj ET Q q 0 0 0 rg BT 275.35 262.50 Td (of) Tj ET Q q 0 0 0 rg BT 281.72 262.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 296.03 262.50 Td (by ) Tj ET Q q 0 0 0 rg BT 306.01 262.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 329.41 262.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 356.71 262.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 387.91 262.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.16 262.50 Td ($7.7 ) Tj ET Q q 0 0 0 rg BT 413.07 262.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.15 262.50 Td ( ) Tj ET Q q 0 0 0 rg BT 436.90 262.50 Td (and ) Tj ET Q q 0 0 0 rg BT 451.64 262.50 Td (a ) Tj ET Q q 0 0 0 rg BT 457.73 262.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 473.33 262.50 Td (on ) Tj ET Q q 0 0 0 rg BT 483.74 262.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 496.31 262.50 Td (value ) Tj ET Q q 0 0 0 rg BT 516.69 262.50 Td (of ) Tj ET Q q 0 0 0 rg BT 524.94 262.50 Td (financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 91.94 251.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 100.60 251.10 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 117.93 251.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 140.01 251.10 Td (. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 233.70 Td (NET ) Tj ET Q q 0 0 0 rg BT 67.24 233.70 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 100.29 233.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 119.32 233.70 Td (COMPREHENSIVE ) Tj ET Q q 0 0 0 rg BT 189.86 233.70 Td (INCOME) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 216.30 Td (For ) Tj ET Q q 0 0 0 rg BT 63.21 216.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.06 216.30 Td (three ) Tj ET Q q 0 0 0 rg BT 95.85 216.30 Td (months ) Tj ET Q q 0 0 0 rg BT 123.42 216.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 147.11 216.30 Td (December ) Tj ET Q q 0 0 0 rg BT 185.06 216.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 197.92 216.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.25 216.30 Td (, ) Tj ET Q q 0 0 0 rg BT 219.44 216.30 Td (net ) Tj ET Q q 0 0 0 rg BT 232.29 216.30 Td (income ) Tj ET Q q 0 0 0 rg BT 259.43 216.30 Td (and ) Tj ET Q q 0 0 0 rg BT 274.45 216.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 329.31 216.30 Td (income ) Tj ET Q q 0 0 0 rg BT 356.45 216.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.32 216.30 Td ($14.2 ) Tj ET Q q 0 0 0 rg BT 393.84 216.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 415.92 216.30 Td (, ) Tj ET Q q 0 0 0 rg BT 420.11 216.30 Td (a ) Tj ET Q q 0 0 0 rg BT 426.46 216.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 460.54 216.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.06 216.30 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 486.25 216.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 508.33 216.30 Td ( ) Tj ET Q q 0 0 0 rg BT 510.35 216.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 547.02 216.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 204.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.33 204.90 Td (same ) Tj ET Q q 0 0 0 rg BT 83.39 204.90 Td (period ) Tj ET Q q 0 0 0 rg BT 107.04 204.90 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 115.11 204.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 132.44 204.90 Td (. ) Tj ET Q q 0 0 0 rg BT 136.48 204.90 Td (This ) Tj ET Q q 0 0 0 rg BT 153.20 204.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 187.25 204.90 Td (is ) Tj ET Q q 0 0 0 rg BT 194.88 204.90 Td (due ) Tj ET Q q 0 0 0 rg BT 209.88 204.90 Td (to ) Tj ET Q q 0 0 0 rg BT 218.38 204.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 242.03 204.90 Td (net ) Tj ET Q q 0 0 0 rg BT 254.87 204.90 Td (income ) Tj ET Q q 0 0 0 rg BT 281.98 204.90 Td (before ) Tj ET Q q 0 0 0 rg BT 306.07 204.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 327.55 204.90 Td (B ) Tj ET Q q 0 0 0 rg BT 334.75 204.90 Td (LP) Tj ET Q q 0 0 0 rg BT 344.14 204.90 Td ( ) Tj ET Q q 0 0 0 rg BT 346.14 204.90 Td (units, ) Tj ET Q q 0 0 0 rg BT 366.77 204.90 Td (of) Tj ET Q q 0 0 0 rg BT 373.13 204.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 387.70 204.90 Td (by ) Tj ET Q q 0 0 0 rg BT 397.93 204.90 Td (a ) Tj ET Q q 0 0 0 rg BT 404.26 204.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 420.12 204.90 Td (on ) Tj ET Q q 0 0 0 rg BT 430.79 204.90 Td (the ) Tj ET Q q 0 0 0 rg BT 443.62 204.90 Td (change ) Tj ET Q q 0 0 0 rg BT 471.18 204.90 Td (in ) Tj ET Q q 0 0 0 rg BT 479.24 204.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 492.07 204.90 Td (value ) Tj ET Q q 0 0 0 rg BT 512.69 204.90 Td (of ) Tj ET Q q 0 0 0 rg BT 521.20 204.90 Td (the ) Tj ET Q q 0 0 0 rg BT 534.03 204.90 Td (Class ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 193.50 Td (B ) Tj ET Q q 0 0 0 rg BT 56.53 193.50 Td (LP) Tj ET Q q 0 0 0 rg BT 65.92 193.50 Td ( ) Tj ET Q q 0 0 0 rg BT 67.75 193.50 Td (units ) Tj ET Q q 0 0 0 rg BT 86.04 193.50 Td (for ) Tj ET Q q 0 0 0 rg BT 96.96 193.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 109.62 193.50 Td (three ) Tj ET Q q 0 0 0 rg BT 129.21 193.50 Td (months ) Tj ET Q q 0 0 0 rg BT 156.59 193.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 180.08 193.50 Td (December ) Tj ET Q q 0 0 0 rg BT 217.84 193.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 230.51 193.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 247.84 193.50 Td ( ) Tj ET Q q 0 0 0 rg BT 249.67 193.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 257.99 193.50 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 274.99 193.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.07 193.50 Td ( ) Tj ET Q q 0 0 0 rg BT 298.90 193.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 335.37 193.50 Td (to ) Tj ET Q q 0 0 0 rg BT 343.70 193.50 Td (a ) Tj ET Q q 0 0 0 rg BT 349.86 193.50 Td (gain ) Tj ET Q q 0 0 0 rg BT 366.42 193.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.75 193.50 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 391.74 193.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 413.82 193.50 Td ( ) Tj ET Q q 0 0 0 rg BT 415.65 193.50 Td (for ) Tj ET Q q 0 0 0 rg BT 426.57 193.50 Td (the ) Tj ET Q q 0 0 0 rg BT 439.23 193.50 Td (same ) Tj ET Q q 0 0 0 rg BT 460.11 193.50 Td (period ) Tj ET Q q 0 0 0 rg BT 483.60 193.50 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 491.49 193.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 508.82 193.50 Td (. ) Tj ET Q q 0 0 0 rg BT 512.70 193.50 Td (The ) Tj ET Q q 0 0 0 rg BT 527.96 193.50 Td (change ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.74 182.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 70.75 182.10 Td (value ) Tj ET Q q 0 0 0 rg BT 91.55 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.23 182.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 121.89 182.10 Td (B ) Tj ET Q q 0 0 0 rg BT 129.27 182.10 Td (LP) Tj ET Q q 0 0 0 rg BT 138.66 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.84 182.10 Td (units ) Tj ET Q q 0 0 0 rg BT 159.48 182.10 Td (is ) Tj ET Q q 0 0 0 rg BT 167.29 182.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 194.15 182.10 Td (correlated ) Tj ET Q q 0 0 0 rg BT 230.98 182.10 Td (with ) Tj ET Q q 0 0 0 rg BT 247.01 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.02 182.10 Td (change ) Tj ET Q q 0 0 0 rg BT 287.76 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.01 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.02 182.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 323.76 182.10 Td (price ) Tj ET Q q 0 0 0 rg BT 342.83 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.51 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.52 182.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 389.83 182.10 Td (units ) Tj ET Q q 0 0 0 rg BT 408.47 182.10 Td (during ) Tj ET Q q 0 0 0 rg BT 432.31 182.10 Td (each ) Tj ET Q q 0 0 0 rg BT 451.38 182.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 489.08 182.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 515.08 182.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 536.74 182.10 Td (B ) Tj ET Q q 0 0 0 rg BT 544.11 182.10 Td (LP) Tj ET Q q 0 0 0 rg BT 553.51 182.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 170.70 Td (units ) Tj ET Q q 0 0 0 rg BT 68.13 170.70 Td (are ) Tj ET Q q 0 0 0 rg BT 81.55 170.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 114.46 170.70 Td (as ) Tj ET Q q 0 0 0 rg BT 124.86 170.70 Td (a ) Tj ET Q q 0 0 0 rg BT 131.36 170.70 Td (liability ) Tj ET Q q 0 0 0 rg BT 156.90 170.70 Td (by ) Tj ET Q q 0 0 0 rg BT 167.30 170.70 Td (the ) Tj ET Q q 0 0 0 rg BT 180.30 170.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 197.18 170.70 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 153.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.70 153.30 Td (change ) Tj ET Q q 0 0 0 rg BT 92.04 153.30 Td (in ) Tj ET Q q 0 0 0 rg BT 99.89 153.30 Td (net ) Tj ET Q q 0 0 0 rg BT 112.50 153.30 Td (income ) Tj ET Q q 0 0 0 rg BT 139.39 153.30 Td (and ) Tj ET Q q 0 0 0 rg BT 154.17 153.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 208.78 153.30 Td (income ) Tj ET Q q 0 0 0 rg BT 235.68 153.30 Td (for ) Tj ET Q q 0 0 0 rg BT 246.55 153.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 259.16 153.30 Td (year ) Tj ET Q q 0 0 0 rg BT 276.10 153.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 299.54 153.30 Td (December ) Tj ET Q q 0 0 0 rg BT 337.25 153.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 349.86 153.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 367.19 153.30 Td ( ) Tj ET Q q 0 0 0 rg BT 368.97 153.30 Td (was ) Tj ET Q q 0 0 0 rg BT 384.60 153.30 Td (an ) Tj ET Q q 0 0 0 rg BT 395.05 153.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 426.28 153.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 434.56 153.30 Td ($13.3 ) Tj ET Q q 0 0 0 rg BT 455.83 153.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.91 153.30 Td ( ) Tj ET Q q 0 0 0 rg BT 479.69 153.30 Td (which ) Tj ET Q q 0 0 0 rg BT 501.38 153.30 Td (is ) Tj ET Q q 0 0 0 rg BT 508.79 153.30 Td (due ) Tj ET Q q 0 0 0 rg BT 523.57 153.30 Td (to ) Tj ET Q q 0 0 0 rg BT 531.85 153.30 Td (higher ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 141.90 Td (net ) Tj ET Q q 0 0 0 rg BT 62.50 141.90 Td (income ) Tj ET Q q 0 0 0 rg BT 89.78 141.90 Td (before ) Tj ET Q q 0 0 0 rg BT 114.04 141.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 135.68 141.90 Td (B ) Tj ET Q q 0 0 0 rg BT 143.04 141.90 Td (LP) Tj ET Q q 0 0 0 rg BT 152.44 141.90 Td ( ) Tj ET Q q 0 0 0 rg BT 154.60 141.90 Td (units.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 124.50 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 94.53 124.50 Td (to ) Tj ET Q q 0 0 0 rg BT 103.19 124.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 124.84 124.50 Td (B ) Tj ET Q q 0 0 0 rg BT 132.20 124.50 Td (LP) Tj ET Q q 0 0 0 rg BT 141.59 124.50 Td ( ) Tj ET Q q 0 0 0 rg BT 143.76 124.50 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 180.14 124.50 Td (have ) Tj ET Q q 0 0 0 rg BT 199.20 124.50 Td (remained ) Tj ET Q q 0 0 0 rg BT 233.85 124.50 Td (consistent ) Tj ET Q q 0 0 0 rg BT 271.10 124.50 Td (across ) Tj ET Q q 0 0 0 rg BT 296.21 124.50 Td (both ) Tj ET Q q 0 0 0 rg BT 313.54 124.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 356.41 124.50 Td (periods.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (NET ) Tj ET Q q 0 0 0 rg BT 67.24 107.10 Td (OPERA) Tj ET Q q 0 0 0 rg BT 94.37 107.10 Td (TING ) Tj ET Q q 0 0 0 rg BT 115.15 107.10 Td (INCOME) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 89.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 63.77 89.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 98.40 89.70 Td (income ) Tj ET Q q 0 0 0 rg BT 125.67 89.70 Td (is ) Tj ET Q q 0 0 0 rg BT 133.44 89.70 Td (a ) Tj ET Q q 0 0 0 rg BT 139.92 89.70 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 175.40 89.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 207.86 89.70 Td (and ) Tj ET Q q 0 0 0 rg BT 223.01 89.70 Td (is ) Tj ET Q q 0 0 0 rg BT 230.78 89.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 258.49 89.70 Td (by ) Tj ET Q q 0 0 0 rg BT 268.87 89.70 Td (the ) Tj ET Q q 0 0 0 rg BT 281.85 89.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 299.46 89.70 Td ( ) Tj ET Q q 0 0 0 rg BT 301.61 89.70 Td (as ) Tj ET Q q 0 0 0 rg BT 311.98 89.70 Td (rental ) Tj ET Q q 0 0 0 rg BT 333.62 89.70 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 366.09 89.70 Td (excluding ) Tj ET Q q 0 0 0 rg BT 401.15 89.70 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 435.35 89.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 477.77 89.70 Td (rent ) Tj ET Q q 0 0 0 rg BT 493.34 89.70 Td (and ) Tj ET Q q 0 0 0 rg BT 508.49 89.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 535.32 89.70 Td (costs ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 78.30 Td (amortized ) Tj ET Q q 0 0 0 rg BT 86.78 78.30 Td (to ) Tj ET Q q 0 0 0 rg BT 96.35 78.30 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 129.73 78.30 Td (less ) Tj ET Q q 0 0 0 rg BT 146.66 78.30 Td (property ) Tj ET Q q 0 0 0 rg BT 178.31 78.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.86 78.30 Td (costs. ) Tj ET Q q 0 0 0 rg BT 237.29 78.30 Td (Rental ) Tj ET Q q 0 0 0 rg BT 262.88 78.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 294.10 78.30 Td (for ) Tj ET Q q 0 0 0 rg BT 306.26 78.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 341.38 78.30 Td (of ) Tj ET Q q 0 0 0 rg BT 350.95 78.30 Td (measuring ) Tj ET Q q 0 0 0 rg BT 390.39 78.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 407.31 78.30 Td (excludes ) Tj ET Q q 0 0 0 rg BT 441.13 78.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 472.35 78.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 506.17 78.30 Td (as ) Tj ET Q q 0 0 0 rg BT 517.47 78.30 Td (a ) Tj ET Q q 0 0 0 rg BT 524.87 78.30 Td (result ) Tj ET Q q 0 0 0 rg BT 546.99 78.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 66.90 Td (determining ) Tj ET Q q 0 0 0 rg BT 92.57 66.90 Td (rent ) Tj ET Q q 0 0 0 rg BT 108.37 66.90 Td (on ) Tj ET Q q 0 0 0 rg BT 119.40 66.90 Td (a ) Tj ET Q q 0 0 0 rg BT 126.10 66.90 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 168.74 66.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 189.29 66.90 Td (and ) Tj ET Q q 0 0 0 rg BT 204.66 66.90 Td (the ) Tj ET Q q 0 0 0 rg BT 217.86 66.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 262.66 66.90 Td (of ) Tj ET Q q 0 0 0 rg BT 271.53 66.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 298.58 66.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 319.14 66.90 Td (in ) Tj ET Q q 0 0 0 rg BT 327.57 66.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 358.09 66.90 Td (for ) Tj ET Q q 0 0 0 rg BT 369.55 66.90 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 391.83 66.90 Td (which ) Tj ET Q q 0 0 0 rg BT 414.11 66.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 461.95 66.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 492.90 66.90 Td (better ) Tj ET Q q 0 0 0 rg BT 515.19 66.90 Td (reflects ) Tj ET Q q 0 0 0 rg BT 542.68 66.90 Td (the ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 14) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 68.27 742.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 107.40 742.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 133.54 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.35 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.49 742.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 180.94 742.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 220.07 742.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 236.23 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 244.17 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 255.15 742.10 Td (important ) Tj ET Q q 0 0 0 rg BT 289.94 742.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 322.57 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.38 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.53 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 371.96 742.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 409.36 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 427.25 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.40 742.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 465.85 742.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 502.81 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.12 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 526.06 742.10 Td (used ) Tj ET Q q 0 0 0 rg BT 545.27 742.10 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 730.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.11 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 82.27 730.70 Td (in ) Tj ET Q q 0 0 0 rg BT 90.50 730.70 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 128.19 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 141.19 730.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 187.09 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 195.75 730.70 Td (its ) Tj ET Q q 0 0 0 rg BT 205.71 730.70 Td (properties. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 713.30 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 713.30 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 713.30 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 713.30 Td (calculation ) Tj ET Q q 0 0 0 rg BT 150.84 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 159.51 713.30 Td (NOI:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 702.8 m 253 702.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 702.8 m 328 702.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 702.8 m 403 702.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 702.8 m 478 702.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 702.8 m 553 702.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 673.8 m 328 673.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 673.8 m 253 673.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 673.8 m 328 673.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328 673.8 m 403 673.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403 673.8 m 478 673.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 673.8 m 553 673.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 628.8 m 328 628.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 628.8 m 253 628.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 613.8 m 253 613.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 628.8 m 328 628.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 613.8 m 328 613.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328 628.8 m 403 628.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 613.8 m 403 613.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403 628.8 m 478 628.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 613.8 m 478 613.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 628.8 m 553 628.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 613.8 m 553 613.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 276.50 692.33 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.80 692.33 Td (Y) Tj ET Q q 0 0 0 rg BT 463.64 692.33 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 307.15 678.33 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.15 678.33 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.15 678.33 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 678.33 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 663.33 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 663.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.05 663.38 Td (42,380) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.50 663.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.05 663.33 Td (35,094) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 405.50 663.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 446.70 663.33 Td (152,136) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.50 663.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.70 663.33 Td (122,190) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 648.33 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 298.45 648.33 Td (\(23,776) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 324.90 648.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.45 648.33 Td (\(19,404) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.90 648.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.45 648.33 Td (\(81,931) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.90 648.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 523.45 648.33 Td (\(66,062) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 648.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 633.33 Td (Straight-line rents and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 309.30 633.38 Td (\(1) Tj ET Q q 0 0 0 rg BT 316.23 633.38 Td (15) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 324.90 633.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.30 633.33 Td (\(625) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.90 633.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.80 633.33 Td (\(1,370) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.90 633.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 633.33 Td (\(2,083) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 633.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 618.33 Td (Net operating income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 618.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.05 618.38 Td (18,489) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.50 618.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.05 618.33 Td (15,065) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 405.50 618.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.05 618.33 Td (68,835) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.50 618.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 618.33 Td (54,045) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 596.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.46 596.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 95.45 596.90 Td (in ) Tj ET Q q 0 0 0 rg BT 103.05 596.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 118.44 596.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 126.48 596.90 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 143.18 596.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 165.25 596.90 Td ( ) Tj ET Q q 0 0 0 rg BT 166.79 596.90 Td (for ) Tj ET Q q 0 0 0 rg BT 177.42 596.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 189.79 596.90 Td (three ) Tj ET Q q 0 0 0 rg BT 209.09 596.90 Td (months ) Tj ET Q q 0 0 0 rg BT 236.18 596.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 259.38 596.90 Td (December ) Tj ET Q q 0 0 0 rg BT 296.85 596.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 309.22 596.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 326.55 596.90 Td ( ) Tj ET Q q 0 0 0 rg BT 328.08 596.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.62 596.90 Td ($14.8 ) Tj ET Q q 0 0 0 rg BT 363.65 596.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.73 596.90 Td ( ) Tj ET Q q 0 0 0 rg BT 387.27 596.90 Td (for ) Tj ET Q q 0 0 0 rg BT 397.90 596.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.27 596.90 Td (year ) Tj ET Q q 0 0 0 rg BT 426.96 596.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 450.16 596.90 Td (December ) Tj ET Q q 0 0 0 rg BT 487.63 596.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 500.00 596.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.33 596.90 Td ( ) Tj ET Q q 0 0 0 rg BT 518.87 596.90 Td (compared ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 585.50 Td (to ) Tj ET Q q 0 0 0 rg BT 58.55 585.50 Td (the ) Tj ET Q q 0 0 0 rg BT 71.92 585.50 Td (same ) Tj ET Q q 0 0 0 rg BT 93.52 585.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 121.62 585.50 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 130.23 585.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 147.56 585.50 Td ( ) Tj ET Q q 0 0 0 rg BT 150.10 585.50 Td (was ) Tj ET Q q 0 0 0 rg BT 166.50 585.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 198.48 585.50 Td (the ) Tj ET Q q 0 0 0 rg BT 211.85 585.50 Td (result ) Tj ET Q q 0 0 0 rg BT 233.45 585.50 Td (of ) Tj ET Q q 0 0 0 rg BT 242.50 585.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 272.76 585.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 298.69 585.50 Td (from ) Tj ET Q q 0 0 0 rg BT 316.82 585.50 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 362.24 585.50 Td (In ) Tj ET Q q 0 0 0 rg BT 371.28 585.50 Td (the ) Tj ET Q q 0 0 0 rg BT 384.66 585.50 Td (second ) Tj ET Q q 0 0 0 rg BT 412.33 585.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 439.56 585.50 Td (of ) Tj ET Q q 0 0 0 rg BT 448.61 585.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 470.65 585.50 Td (the ) Tj ET Q q 0 0 0 rg BT 484.03 585.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 501.64 585.50 Td ( ) Tj ET Q q 0 0 0 rg BT 504.18 585.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 542.67 585.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 87.90 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.99 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 103.21 574.10 Td (est ) Tj ET Q q 0 0 0 rg BT 115.20 574.10 Td (Metro ) Tj ET Q q 0 0 0 rg BT 136.70 574.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 172.93 574.10 Td (Centre ) Tj ET Q q 0 0 0 rg BT 197.90 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.48 574.10 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 252.16 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 259.38 574.10 Td (est ) Tj ET Q q 0 0 0 rg BT 271.37 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.02 574.10 Td (Etobicoke, ) Tj ET Q q 0 0 0 rg BT 316.99 574.10 Td (ON ) Tj ET Q q 0 0 0 rg BT 330.27 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.85 574.10 Td (250 ) Tj ET Q q 0 0 0 rg BT 359.44 574.10 Td (King ) Tj ET Q q 0 0 0 rg BT 376.62 574.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 399.00 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.58 574.10 Td (460 ) Tj ET Q q 0 0 0 rg BT 428.07 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 432.41 574.10 Td (wo ) Tj ET Q q 0 0 0 rg BT 443.95 574.10 Td (Nations ) Tj ET Q q 0 0 0 rg BT 471.95 574.10 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 504.28 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.93 574.10 Td (Fredericton, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 562.70 Td (NB. ) Tj ET Q q 0 0 0 rg BT 64.52 562.70 Td (These ) Tj ET Q q 0 0 0 rg BT 88.34 562.70 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 131.21 562.70 Td (have ) Tj ET Q q 0 0 0 rg BT 150.27 562.70 Td (positively ) Tj ET Q q 0 0 0 rg BT 184.48 562.70 Td (contributed ) Tj ET Q q 0 0 0 rg BT 225.20 562.70 Td (to ) Tj ET Q q 0 0 0 rg BT 233.86 562.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 249.88 562.70 Td (with ) Tj ET Q q 0 0 0 rg BT 265.90 562.70 Td (a ) Tj ET Q q 0 0 0 rg BT 272.40 562.70 Td (combined ) Tj ET Q q 0 0 0 rg BT 308.35 562.70 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 347.76 562.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 363.35 562.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.02 562.70 Td (88.4%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.11 562.70 Td (. ) Tj ET Q q 0 0 0 rg BT 398.44 562.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 545.30 Td (In ) Tj ET Q q 0 0 0 rg BT 57.90 545.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 79.30 545.30 Td (the ) Tj ET Q q 0 0 0 rg BT 92.03 545.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 109.64 545.30 Td ( ) Tj ET Q q 0 0 0 rg BT 111.54 545.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 149.38 545.30 Td (the ) Tj ET Q q 0 0 0 rg BT 162.11 545.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 200.83 545.30 Td (of ) Tj ET Q q 0 0 0 rg BT 209.23 545.30 Td (the ) Tj ET Q q 0 0 0 rg BT 221.96 545.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 258.06 545.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 285.51 545.30 Td (in ) Tj ET Q q 0 0 0 rg BT 293.48 545.30 Td (the ) Tj ET Q q 0 0 0 rg BT 306.21 545.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 317.64 545.30 Td (John's ) Tj ET Q q 0 0 0 rg BT 341.82 545.30 Td (Places ) Tj ET Q q 0 0 0 rg BT 367.10 545.30 Td (through ) Tj ET Q q 0 0 0 rg BT 395.43 545.30 Td (two ) Tj ET Q q 0 0 0 rg BT 409.45 545.30 Td (partial ) Tj ET Q q 0 0 0 rg BT 432.57 545.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 460.02 545.30 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 504.67 545.30 Td (The ) Tj ET Q q 0 0 0 rg BT 520.00 545.30 Td (first ) Tj ET Q q 0 0 0 rg BT 534.45 545.30 Td (being ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 533.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.27 533.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 101.03 533.90 Td (of ) Tj ET Q q 0 0 0 rg BT 109.47 533.90 Td (an ) Tj ET Q q 0 0 0 rg BT 120.08 533.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 155.38 533.90 Td (19% ) Tj ET Q q 0 0 0 rg BT 172.91 533.90 Td (ownership ) Tj ET Q q 0 0 0 rg BT 210.36 533.90 Td (in ) Tj ET Q q 0 0 0 rg BT 218.37 533.90 Td (June ) Tj ET Q q 0 0 0 rg BT 237.21 533.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 256.48 533.90 Td (and ) Tj ET Q q 0 0 0 rg BT 271.42 533.90 Td (the ) Tj ET Q q 0 0 0 rg BT 284.19 533.90 Td (second ) Tj ET Q q 0 0 0 rg BT 311.26 533.90 Td (a ) Tj ET Q q 0 0 0 rg BT 317.54 533.90 Td (further ) Tj ET Q q 0 0 0 rg BT 342.00 533.90 Td (51% ) Tj ET Q q 0 0 0 rg BT 359.53 533.90 Td (in ) Tj ET Q q 0 0 0 rg BT 367.54 533.90 Td (September ) Tj ET Q q 0 0 0 rg BT 407.59 533.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 429.03 533.90 Td (increasing ) Tj ET Q q 0 0 0 rg BT 466.48 533.90 Td (ownership ) Tj ET Q q 0 0 0 rg BT 503.93 533.90 Td (to ) Tj ET Q q 0 0 0 rg BT 512.37 533.90 Td (100% ) Tj ET Q q 0 0 0 rg BT 534.24 533.90 Td (at ) Tj ET Q q 0 0 0 rg BT 542.68 533.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 522.50 Td (end ) Tj ET Q q 0 0 0 rg BT 64.62 522.50 Td (of ) Tj ET Q q 0 0 0 rg BT 73.23 522.50 Td (2016. ) Tj ET Q q 0 0 0 rg BT 94.85 522.50 Td ( ) Tj ET Q q 0 0 0 rg BT 96.84 522.50 Td (The ) Tj ET Q q 0 0 0 rg BT 112.38 522.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 129.99 522.50 Td ( ) Tj ET Q q 0 0 0 rg BT 132.11 522.50 Td (also ) Tj ET Q q 0 0 0 rg BT 148.52 522.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 186.59 522.50 Td (the ) Tj ET Q q 0 0 0 rg BT 199.54 522.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 238.47 522.50 Td (of ) Tj ET Q q 0 0 0 rg BT 247.09 522.50 Td (365 ) Tj ET Q q 0 0 0 rg BT 262.20 522.50 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 296.36 522.50 Td (St. ) Tj ET Q q 0 0 0 rg BT 308.01 522.50 Td (in ) Tj ET Q q 0 0 0 rg BT 316.19 522.50 Td (September ) Tj ET Q q 0 0 0 rg BT 356.41 522.50 Td (2016. ) Tj ET Q q 0 0 0 rg BT 377.90 522.50 Td (These ) Tj ET Q q 0 0 0 rg BT 401.67 522.50 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 444.50 522.50 Td (have ) Tj ET Q q 0 0 0 rg BT 463.51 522.50 Td (both ) Tj ET Q q 0 0 0 rg BT 480.80 522.50 Td (positively ) Tj ET Q q 0 0 0 rg BT 514.96 522.50 Td (contributed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.17 511.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 74.18 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 82.41 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.41 511.10 Td (current ) Tj ET Q q 0 0 0 rg BT 121.82 511.10 Td (year ) Tj ET Q q 0 0 0 rg BT 139.15 511.10 Td (with ) Tj ET Q q 0 0 0 rg BT 155.16 511.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 182.44 511.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 233.97 511.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 280.31 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.54 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.54 511.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 346.14 511.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 370.40 511.10 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 493.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.02 493.70 Td (additions ) Tj ET Q q 0 0 0 rg BT 98.30 493.70 Td (to ) Tj ET Q q 0 0 0 rg BT 106.90 493.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 122.85 493.70 Td (from ) Tj ET Q q 0 0 0 rg BT 140.53 493.70 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 183.33 493.70 Td (were ) Tj ET Q q 0 0 0 rg BT 202.31 493.70 Td (of) Tj ET Q q 0 0 0 rg BT 208.67 493.70 Td (fset ) Tj ET Q q 0 0 0 rg BT 223.33 493.70 Td (by ) Tj ET Q q 0 0 0 rg BT 233.66 493.70 Td (same-property ) Tj ET Q q 0 0 0 rg BT 285.98 493.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 301.93 493.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 333.48 493.70 Td (due ) Tj ET Q q 0 0 0 rg BT 348.57 493.70 Td (to ) Tj ET Q q 0 0 0 rg BT 357.17 493.70 Td (maturing ) Tj ET Q q 0 0 0 rg BT 389.58 493.70 Td (leases. ) Tj ET Q q 0 0 0 rg BT 416.36 493.70 Td (Bell ) Tj ET Q q 0 0 0 rg BT 431.03 493.70 Td (Aliant's ) Tj ET Q q 0 0 0 rg BT 458.01 493.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 478.73 493.70 Td (matured ) Tj ET Q q 0 0 0 rg BT 509.41 493.70 Td (at ) Tj ET Q q 0 0 0 rg BT 518.00 493.70 Td (Brunswick ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 482.30 Td (Square ) Tj ET Q q 0 0 0 rg BT 76.40 482.30 Td (occupying ) Tj ET Q q 0 0 0 rg BT 113.26 482.30 Td (41,389 ) Tj ET Q q 0 0 0 rg BT 138.87 482.30 Td (square ) Tj ET Q q 0 0 0 rg BT 164.48 482.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 179.25 482.30 Td (and ) Tj ET Q q 0 0 0 rg BT 194.03 482.30 Td (MMM ) Tj ET Q q 0 0 0 rg BT 215.28 482.30 Td (Group ) Tj ET Q q 0 0 0 rg BT 238.72 482.30 Td (Limited's ) Tj ET Q q 0 0 0 rg BT 271.00 482.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 291.41 482.30 Td (matured ) Tj ET Q q 0 0 0 rg BT 321.77 482.30 Td (at ) Tj ET Q q 0 0 0 rg BT 330.05 482.30 Td (the ) Tj ET Q q 0 0 0 rg BT 342.66 482.30 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 375.63 482.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 412.06 482.30 Td (creating ) Tj ET Q q 0 0 0 rg BT 441.56 482.30 Td (48,902 ) Tj ET Q q 0 0 0 rg BT 467.17 482.30 Td (square ) Tj ET Q q 0 0 0 rg BT 492.77 482.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 507.55 482.30 Td (of ) Tj ET Q q 0 0 0 rg BT 515.83 482.30 Td (transitional ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 470.90 Td (vacancy) Tj ET Q q 0 0 0 rg BT 77.51 470.90 Td (. ) Tj ET Q q 0 0 0 rg BT 81.13 470.90 Td (In ) Tj ET Q q 0 0 0 rg BT 89.08 470.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 119.98 470.90 Td (Bell ) Tj ET Q q 0 0 0 rg BT 134.14 470.90 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 155.07 470.90 Td (vacated ) Tj ET Q q 0 0 0 rg BT 183.81 470.90 Td (193,861 ) Tj ET Q q 0 0 0 rg BT 213.42 470.90 Td (square ) Tj ET Q q 0 0 0 rg BT 238.69 470.90 Td (feet ) Tj ET Q q 0 0 0 rg BT 253.14 470.90 Td (at ) Tj ET Q q 0 0 0 rg BT 261.09 470.90 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 292.40 470.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 317.23 470.90 Td (in ) Tj ET Q q 0 0 0 rg BT 324.74 470.90 Td (Halifax, ) Tj ET Q q 0 0 0 rg BT 352.17 470.90 Td (NS ) Tj ET Q q 0 0 0 rg BT 364.44 470.90 Td (on ) Tj ET Q q 0 0 0 rg BT 374.26 470.90 Td (April ) Tj ET Q q 0 0 0 rg BT 391.29 470.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 403.58 470.90 Td (2017. ) Tj ET Q q 0 0 0 rg BT 424.24 470.90 Td (As ) Tj ET Q q 0 0 0 rg BT 434.78 470.90 Td (at ) Tj ET Q q 0 0 0 rg BT 442.73 470.90 Td (the ) Tj ET Q q 0 0 0 rg BT 455.01 470.90 Td (end ) Tj ET Q q 0 0 0 rg BT 469.45 470.90 Td (of ) Tj ET Q q 0 0 0 rg BT 477.40 470.90 Td (the ) Tj ET Q q 0 0 0 rg BT 489.68 470.90 Td (year) Tj ET Q q 0 0 0 rg BT 504.41 470.90 Td (, ) Tj ET Q q 0 0 0 rg BT 508.03 470.90 Td (management ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 459.50 Td (had ) Tj ET Q q 0 0 0 rg BT 64.66 459.50 Td (leased ) Tj ET Q q 0 0 0 rg BT 89.79 459.50 Td (155,891 ) Tj ET Q q 0 0 0 rg BT 120.12 459.50 Td (square ) Tj ET Q q 0 0 0 rg BT 146.10 459.50 Td (feet ) Tj ET Q q 0 0 0 rg BT 161.27 459.50 Td (of ) Tj ET Q q 0 0 0 rg BT 169.93 459.50 Td (these ) Tj ET Q q 0 0 0 rg BT 191.16 459.50 Td (vacancies.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (SAME-PROPERTY) Tj ET Q q 0 0 0 rg BT 117.31 442.10 Td ( NOI) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 424.70 Td (Same-property ) Tj ET Q q 0 0 0 rg BT 102.47 424.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 117.77 424.70 Td (is ) Tj ET Q q 0 0 0 rg BT 124.84 424.70 Td (a ) Tj ET Q q 0 0 0 rg BT 130.62 424.70 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 165.40 424.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 197.16 424.70 Td (and ) Tj ET Q q 0 0 0 rg BT 211.61 424.70 Td (is ) Tj ET Q q 0 0 0 rg BT 218.68 424.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 245.69 424.70 Td (by ) Tj ET Q q 0 0 0 rg BT 255.36 424.70 Td (the ) Tj ET Q q 0 0 0 rg BT 267.64 424.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 285.25 424.70 Td ( ) Tj ET Q q 0 0 0 rg BT 286.70 424.70 Td (as ) Tj ET Q q 0 0 0 rg BT 296.37 424.70 Td (rental ) Tj ET Q q 0 0 0 rg BT 317.31 424.70 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 349.08 424.70 Td (excluding ) Tj ET Q q 0 0 0 rg BT 383.44 424.70 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 416.94 424.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 458.65 424.70 Td (rent, ) Tj ET Q q 0 0 0 rg BT 475.69 424.70 Td (less ) Tj ET Q q 0 0 0 rg BT 490.99 424.70 Td (property ) Tj ET Q q 0 0 0 rg BT 521.02 424.70 Td (operating ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 413.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 69.64 413.30 Td (for ) Tj ET Q q 0 0 0 rg BT 80.68 413.30 Td (those ) Tj ET Q q 0 0 0 rg BT 101.69 413.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 138.29 413.30 Td (owned ) Tj ET Q q 0 0 0 rg BT 163.19 413.30 Td (by ) Tj ET Q q 0 0 0 rg BT 173.37 413.30 Td (the ) Tj ET Q q 0 0 0 rg BT 186.15 413.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 203.76 413.30 Td ( ) Tj ET Q q 0 0 0 rg BT 205.71 413.30 Td (for ) Tj ET Q q 0 0 0 rg BT 216.75 413.30 Td (all ) Tj ET Q q 0 0 0 rg BT 226.50 413.30 Td (of ) Tj ET Q q 0 0 0 rg BT 234.95 413.30 Td (the ) Tj ET Q q 0 0 0 rg BT 247.73 413.30 Td (current ) Tj ET Q q 0 0 0 rg BT 273.93 413.30 Td (period ) Tj ET Q q 0 0 0 rg BT 297.53 413.30 Td (and ) Tj ET Q q 0 0 0 rg BT 312.48 413.30 Td (the ) Tj ET Q q 0 0 0 rg BT 325.26 413.30 Td (relevant ) Tj ET Q q 0 0 0 rg BT 354.93 413.30 Td (comparative ) Tj ET Q q 0 0 0 rg BT 399.32 413.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 425.09 413.30 Td (Other ) Tj ET Q q 0 0 0 rg BT 446.53 413.30 Td (than ) Tj ET Q q 0 0 0 rg BT 463.64 413.30 Td (on ) Tj ET Q q 0 0 0 rg BT 474.26 413.30 Td (a ) Tj ET Q q 0 0 0 rg BT 480.54 413.30 Td (year-over-year ) Tj ET Q q 0 0 0 rg BT 533.14 413.30 Td (basis, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 401.90 Td (same ) Tj ET Q q 0 0 0 rg BT 70.06 401.90 Td (property ) Tj ET Q q 0 0 0 rg BT 100.16 401.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 115.52 401.90 Td (excludes ) Tj ET Q q 0 0 0 rg BT 147.78 401.90 Td (the ) Tj ET Q q 0 0 0 rg BT 160.13 401.90 Td (earnings ) Tj ET Q q 0 0 0 rg BT 191.52 401.90 Td (attributable ) Tj ET Q q 0 0 0 rg BT 231.58 401.90 Td (to ) Tj ET Q q 0 0 0 rg BT 239.60 401.90 Td (the ) Tj ET Q q 0 0 0 rg BT 251.94 401.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 276.59 401.90 Td (hotel ) Tj ET Q q 0 0 0 rg BT 294.99 401.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 315.13 401.90 Td (due ) Tj ET Q q 0 0 0 rg BT 329.64 401.90 Td (to ) Tj ET Q q 0 0 0 rg BT 337.65 401.90 Td (the ) Tj ET Q q 0 0 0 rg BT 350.00 401.90 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 390.49 401.90 Td (of ) Tj ET Q q 0 0 0 rg BT 398.50 401.90 Td (that ) Tj ET Q q 0 0 0 rg BT 413.01 401.90 Td (asset. ) Tj ET Q q 0 0 0 rg BT 435.32 401.90 Td (Same-property ) Tj ET Q q 0 0 0 rg BT 488.35 401.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 503.72 401.90 Td (is ) Tj ET Q q 0 0 0 rg BT 510.85 401.90 Td (an ) Tj ET Q q 0 0 0 rg BT 521.03 401.90 Td (important ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 390.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 81.63 390.50 Td (of ) Tj ET Q q 0 0 0 rg BT 89.95 390.50 Td (the ) Tj ET Q q 0 0 0 rg BT 102.60 390.50 Td (income ) Tj ET Q q 0 0 0 rg BT 129.54 390.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 166.45 390.50 Td (from ) Tj ET Q q 0 0 0 rg BT 183.85 390.50 Td (the ) Tj ET Q q 0 0 0 rg BT 196.50 390.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 221.46 390.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 257.92 390.50 Td (period-over-period, ) Tj ET Q q 0 0 0 rg BT 325.55 390.50 Td (but ) Tj ET Q q 0 0 0 rg BT 338.21 390.50 Td (without ) Tj ET Q q 0 0 0 rg BT 364.71 390.50 Td (consideration ) Tj ET Q q 0 0 0 rg BT 412.87 390.50 Td (of ) Tj ET Q q 0 0 0 rg BT 421.19 390.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 459.83 390.50 Td (and ) Tj ET Q q 0 0 0 rg BT 474.65 390.50 Td (disposition ) Tj ET Q q 0 0 0 rg BT 513.28 390.50 Td (activity) Tj ET Q q 0 0 0 rg BT 536.53 390.50 Td (, ) Tj ET Q q 0 0 0 rg BT 540.51 390.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.14 379.10 Td (used ) Tj ET Q q 0 0 0 rg BT 78.04 379.10 Td (by ) Tj ET Q q 0 0 0 rg BT 89.28 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.12 379.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 120.73 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.74 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.81 379.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 171.34 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.18 379.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 231.93 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.44 379.10 Td (its ) Tj ET Q q 0 0 0 rg BT 252.24 379.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 291.87 379.10 Td (The ) Tj ET Q q 0 0 0 rg BT 308.30 379.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 325.91 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.92 379.10 Td (seeks ) Tj ET Q q 0 0 0 rg BT 352.29 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.80 379.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 394.25 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.19 379.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 436.64 379.10 Td (same-property ) Tj ET Q q 0 0 0 rg BT 489.88 379.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 506.74 379.10 Td (through ) Tj ET Q q 0 0 0 rg BT 536.17 379.10 Td (high-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 367.70 Td (occupancy) Tj ET Q q 0 0 0 rg BT 86.18 367.70 Td (, ) Tj ET Q q 0 0 0 rg BT 90.51 367.70 Td (increasing ) Tj ET Q q 0 0 0 rg BT 128.19 367.70 Td (rents ) Tj ET Q q 0 0 0 rg BT 147.68 367.70 Td (on ) Tj ET Q q 0 0 0 rg BT 158.51 367.70 Td (renewal ) Tj ET Q q 0 0 0 rg BT 187.95 367.70 Td (to ) Tj ET Q q 0 0 0 rg BT 196.61 367.70 Td (market ) Tj ET Q q 0 0 0 rg BT 222.59 367.70 Td (rents ) Tj ET Q q 0 0 0 rg BT 242.08 367.70 Td (and ) Tj ET Q q 0 0 0 rg BT 257.24 367.70 Td (by ) Tj ET Q q 0 0 0 rg BT 267.64 367.70 Td (signing ) Tj ET Q q 0 0 0 rg BT 294.49 367.70 Td (leases ) Tj ET Q q 0 0 0 rg BT 319.18 367.70 Td (with ) Tj ET Q q 0 0 0 rg BT 335.20 367.70 Td (embedded ) Tj ET Q q 0 0 0 rg BT 374.18 367.70 Td (rent ) Tj ET Q q 0 0 0 rg BT 389.77 367.70 Td (increases ) Tj ET Q q 0 0 0 rg BT 425.28 367.70 Td (throughout ) Tj ET Q q 0 0 0 rg BT 464.70 367.70 Td (the ) Tj ET Q q 0 0 0 rg BT 477.70 367.70 Td (term ) Tj ET Q q 0 0 0 rg BT 495.45 367.70 Td (of ) Tj ET Q q 0 0 0 rg BT 504.12 367.70 Td (the ) Tj ET Q q 0 0 0 rg BT 517.11 367.70 Td (lease. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 350.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 97.40 350.30 Td (compares ) Tj ET Q q 0 0 0 rg BT 134.02 350.30 Td (same-property ) Tj ET Q q 0 0 0 rg BT 186.67 350.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 202.94 350.30 Td (for ) Tj ET Q q 0 0 0 rg BT 214.45 350.30 Td (the ) Tj ET Q q 0 0 0 rg BT 227.71 350.30 Td (current ) Tj ET Q q 0 0 0 rg BT 254.38 350.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 281.48 350.30 Td (to ) Tj ET Q q 0 0 0 rg BT 290.40 350.30 Td (the ) Tj ET Q q 0 0 0 rg BT 303.65 350.30 Td (immediately ) Tj ET Q q 0 0 0 rg BT 347.64 350.30 Td (preceding ) Tj ET Q q 0 0 0 rg BT 384.28 350.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 411.38 350.30 Td (and ) Tj ET Q q 0 0 0 rg BT 426.80 350.30 Td (to ) Tj ET Q q 0 0 0 rg BT 435.72 350.30 Td (the ) Tj ET Q q 0 0 0 rg BT 448.97 350.30 Td (same ) Tj ET Q q 0 0 0 rg BT 470.45 350.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 497.55 350.30 Td (in ) Tj ET Q q 0 0 0 rg BT 506.03 350.30 Td (the ) Tj ET Q q 0 0 0 rg BT 519.29 350.30 Td (preceding ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 338.90 Td (year) Tj ET Q q 0 0 0 rg BT 64.23 338.90 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 321.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.48 321.50 Td (same-property ) Tj ET Q q 0 0 0 rg BT 116.27 321.50 Td (NOI ) Tj ET Q q 0 0 0 rg BT 131.68 321.50 Td (comparison ) Tj ET Q q 0 0 0 rg BT 173.51 321.50 Td (to ) Tj ET Q q 0 0 0 rg BT 181.56 321.50 Td (the ) Tj ET Q q 0 0 0 rg BT 193.95 321.50 Td (three ) Tj ET Q q 0 0 0 rg BT 213.27 321.50 Td (months ) Tj ET Q q 0 0 0 rg BT 240.38 321.50 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 263.60 321.50 Td (September30, ) Tj ET Q q 0 0 0 rg BT 316.27 321.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.60 321.50 Td (, ) Tj ET Q q 0 0 0 rg BT 337.32 321.50 Td (excludes ) Tj ET Q q 0 0 0 rg BT 369.63 321.50 Td (the ) Tj ET Q q 0 0 0 rg BT 382.02 321.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 406.53 321.50 Td (of ) Tj ET Q q 0 0 0 rg BT 414.59 321.50 Td (the ) Tj ET Q q 0 0 0 rg BT 426.98 321.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 451.67 321.50 Td (hotel ) Tj ET Q q 0 0 0 rg BT 470.12 321.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 490.31 321.50 Td (due ) Tj ET Q q 0 0 0 rg BT 504.86 321.50 Td (to ) Tj ET Q q 0 0 0 rg BT 512.92 321.50 Td (seasonality) Tj ET Q q 0 0 0 rg BT 551.33 321.50 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 304.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 304.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 304.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 146.06 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.72 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.72 304.10 Td (same-property ) Tj ET Q q 0 0 0 rg BT 220.11 304.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 236.13 304.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 272.94 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.60 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.60 304.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 338.33 304.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 374.71 304.10 Td (quarter: ) Tj ET Q 1 1 1 rg /GS0 gs 49.00 203.60 340.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 389.00 203.60 82.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 471.00 203.60 82.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 293.6 m 389 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 293.6 m 471 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 293.6 m 553 293.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 263.6 m 389 263.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389 263.6 m 471 263.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471 263.6 m 553 263.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389 263.6 m 471 263.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471 263.6 m 553 263.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 233.60000000000002 m 389 233.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389 233.60000000000002 m 471 233.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471 233.60000000000002 m 553 233.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 188.60000000000002 m 389 188.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389 188.60000000000002 m 471 188.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471 188.60000000000002 m 553 188.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 158.60000000000002 m 389 158.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389 158.60000000000002 m 471 158.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471 158.60000000000002 m 553 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 113.60000000000002 m 389 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 113.60000000000002 m 471 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 113.60000000000002 m 553 113.60000000000002 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.60 283.13 Td (Three months ended) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.30 268.13 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 478.85 268.13 Td (September 30, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 253.13 Td (Number of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.25 253.13 Td (38) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.20 253.13 Td (38) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 238.13 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 426.25 238.13 Td (6,1) Tj ET Q q 0 0 0 rg BT 437.08 238.13 Td (16,085) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.20 238.13 Td (6,1) Tj ET Q q 0 0 0 rg BT 526.03 238.13 Td (16,085) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 223.13 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.50 223.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.10 223.13 Td (42,380) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 473.50 223.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 223.13 Td (41,208) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 208.13 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 434.50 208.13 Td (\(23,776) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.95 208.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 523.45 208.13 Td (\(21,629) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 208.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 193.13 Td (Straight-line rents and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.35 193.13 Td (\(1) Tj ET Q q 0 0 0 rg BT 452.28 193.13 Td (15) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.95 193.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 193.13 Td (\(539) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 193.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 178.13 Td (Same-property NOI \(including hotel asset\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.10 178.13 Td (18,489) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 178.13 Td (19,040) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 163.13 Td (NOI attributable to hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.35 163.13 Td (\(354) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.95 163.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 163.13 Td (\(581) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 163.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 148.13 Td (Same-property NOI \(excluding hotel asset\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.10 148.13 Td (18,135) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 148.13 Td (18,459) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 133.13 Td (Quarter-over-quarter change - $) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.50 133.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.35 133.13 Td (\(324) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.95 133.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 118.13 Td (Quarter-over-quarter change - %) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.50 118.13 Td (\(1.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.95 118.13 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 96.70 Td (Same-property ) Tj ET Q q 0 0 0 rg BT 103.56 96.70 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 122.12 96.70 Td (excluding ) Tj ET Q q 0 0 0 rg BT 157.58 96.70 Td (the ) Tj ET Q q 0 0 0 rg BT 170.95 96.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 196.63 96.70 Td (hotel ) Tj ET Q q 0 0 0 rg BT 216.06 96.70 Td (asset, ) Tj ET Q q 0 0 0 rg BT 239.40 96.70 Td (for ) Tj ET Q q 0 0 0 rg BT 251.03 96.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 264.40 96.70 Td (three ) Tj ET Q q 0 0 0 rg BT 284.70 96.70 Td (months ) Tj ET Q q 0 0 0 rg BT 312.79 96.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 336.99 96.70 Td (December ) Tj ET Q q 0 0 0 rg BT 375.47 96.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 388.84 96.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.17 96.70 Td ( ) Tj ET Q q 0 0 0 rg BT 408.71 96.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 445.89 96.70 Td (to ) Tj ET Q q 0 0 0 rg BT 454.93 96.70 Td (the ) Tj ET Q q 0 0 0 rg BT 468.31 96.70 Td (most ) Tj ET Q q 0 0 0 rg BT 487.73 96.70 Td (recently ) Tj ET Q q 0 0 0 rg BT 517.55 96.70 Td (completed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 85.30 Td (quarter) Tj ET Q q 0 0 0 rg BT 73.76 85.30 Td (, ) Tj ET Q q 0 0 0 rg BT 78.01 85.30 Td (decreased ) Tj ET Q q 0 0 0 rg BT 116.48 85.30 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 126.80 85.30 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 144.05 85.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 166.13 85.30 Td ( ) Tj ET Q q 0 0 0 rg BT 168.22 85.30 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 177.24 85.30 Td (1.8%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 194.99 85.30 Td (. ) Tj ET Q q 0 0 0 rg BT 199.12 85.30 Td (The ) Tj ET Q q 0 0 0 rg BT 214.63 85.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 248.77 85.30 Td (in ) Tj ET Q q 0 0 0 rg BT 256.92 85.30 Td (same ) Tj ET Q q 0 0 0 rg BT 278.06 85.30 Td (property ) Tj ET Q q 0 0 0 rg BT 308.73 85.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 324.67 85.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 351.45 85.30 Td (over ) Tj ET Q q 0 0 0 rg BT 368.69 85.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 395.46 85.30 Td (is ) Tj ET Q q 0 0 0 rg BT 403.18 85.30 Td (a ) Tj ET Q q 0 0 0 rg BT 409.60 85.30 Td (result ) Tj ET Q q 0 0 0 rg BT 430.74 85.30 Td (of ) Tj ET Q q 0 0 0 rg BT 439.33 85.30 Td (transitional ) Tj ET Q q 0 0 0 rg BT 479.10 85.30 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 515.83 85.30 Td (particularly ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 73.90 Td (at ) Tj ET Q q 0 0 0 rg BT 58.10 73.90 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 91.37 73.90 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 130.29 73.90 Td ( ) Tj ET Q q 0 0 0 rg BT 132.38 73.90 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 164.35 73.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 189.82 73.90 Td (and ) Tj ET Q q 0 0 0 rg BT 204.92 73.90 Td (Brunswick ) Tj ET Q q 0 0 0 rg BT 242.51 73.90 Td (Square ) Tj ET Q q 0 0 0 rg BT 269.72 73.90 Td (and ) Tj ET Q q 0 0 0 rg BT 284.82 73.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 308.57 73.90 Td (property ) Tj ET Q q 0 0 0 rg BT 339.25 73.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 373.83 73.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 409.28 73.90 Td (for ) Tj ET Q q 0 0 0 rg BT 420.47 73.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 433.39 73.90 Td (three ) Tj ET Q q 0 0 0 rg BT 453.25 73.90 Td (months ) Tj ET Q q 0 0 0 rg BT 480.89 73.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 504.65 73.90 Td (December ) Tj ET Q q 0 0 0 rg BT 542.68 73.90 Td (31, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 62.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 66.83 62.50 Td (, ) Tj ET Q q 0 0 0 rg BT 71.16 62.50 Td (in ) Tj ET Q q 0 0 0 rg BT 79.39 62.50 Td (addition ) Tj ET Q q 0 0 0 rg BT 108.85 62.50 Td (to ) Tj ET Q q 0 0 0 rg BT 117.51 62.50 Td (the ) Tj ET Q q 0 0 0 rg BT 130.51 62.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 146.54 62.50 Td (of ) Tj ET Q q 0 0 0 rg BT 155.20 62.50 Td (income ) Tj ET Q q 0 0 0 rg BT 182.48 62.50 Td (from ) Tj ET Q q 0 0 0 rg BT 200.23 62.50 Td (a ) Tj ET Q q 0 0 0 rg BT 206.73 62.50 Td (fixturing ) Tj ET Q q 0 0 0 rg BT 236.18 62.50 Td (period ) Tj ET Q q 0 0 0 rg BT 260.00 62.50 Td (at ) Tj ET Q q 0 0 0 rg BT 268.66 62.50 Td (2285 ) Tj ET Q q 0 0 0 rg BT 288.16 62.50 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 327.57 62.50 Td (Drive ) Tj ET Q q 0 0 0 rg BT 347.91 62.50 Td (where ) Tj ET Q q 0 0 0 rg BT 371.29 62.50 Td (the ) Tj ET Q q 0 0 0 rg BT 384.29 62.50 Td (tenant ) Tj ET Q q 0 0 0 rg BT 408.12 62.50 Td (was ) Tj ET Q q 0 0 0 rg BT 424.14 62.50 Td (not ) Tj ET Q q 0 0 0 rg BT 437.13 62.50 Td (paying ) Tj ET Q q 0 0 0 rg BT 462.26 62.50 Td (rent. ) Tj ET Q q 0 0 0 rg BT 480.02 62.50 Td ( ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.12 742.10 Td (same-property ) Tj ET Q q 0 0 0 rg BT 115.53 742.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 130.57 742.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 172.03 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.72 742.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 191.75 742.10 Td (three ) Tj ET Q q 0 0 0 rg BT 210.69 742.10 Td (months ) Tj ET Q q 0 0 0 rg BT 237.43 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 260.29 742.10 Td (December ) Tj ET Q q 0 0 0 rg BT 297.41 742.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 309.43 742.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 326.76 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.95 742.10 Td (excludes ) Tj ET Q q 0 0 0 rg BT 359.90 742.10 Td (Grande ) Tj ET Q q 0 0 0 rg BT 387.07 742.10 Td (Prairie, ) Tj ET Q q 0 0 0 rg BT 412.94 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 420.16 742.10 Td (est ) Tj ET Q q 0 0 0 rg BT 431.74 742.10 Td (Metro ) Tj ET Q q 0 0 0 rg BT 452.85 742.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 488.68 742.10 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 515.41 742.10 Td (Commerce ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.72 730.70 Td (est, ) Tj ET Q q 0 0 0 rg BT 71.52 730.70 Td (250 ) Tj ET Q q 0 0 0 rg BT 86.76 730.70 Td (King ) Tj ET Q q 0 0 0 rg BT 104.59 730.70 Td (Street ) Tj ET Q q 0 0 0 rg BT 127.62 730.70 Td (and ) Tj ET Q q 0 0 0 rg BT 142.86 730.70 Td (460 ) Tj ET Q q 0 0 0 rg BT 157.95 730.70 Td (T) Tj ET Q q 0 0 0 rg BT 162.29 730.70 Td (wo ) Tj ET Q q 0 0 0 rg BT 174.48 730.70 Td (Nations ) Tj ET Q q 0 0 0 rg BT 203.14 730.70 Td (Crossing. ) Tj ET Q q 0 0 0 rg BT 238.28 730.70 Td (However) Tj ET Q q 0 0 0 rg BT 268.58 730.70 Td (, ) Tj ET Q q 0 0 0 rg BT 272.99 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 286.06 730.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 324.69 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 333.43 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 346.50 730.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 371.87 730.70 Td (hotel ) Tj ET Q q 0 0 0 rg BT 391.01 730.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 411.87 730.70 Td (are ) Tj ET Q q 0 0 0 rg BT 425.37 730.70 Td (included ) Tj ET Q q 0 0 0 rg BT 456.63 730.70 Td (when ) Tj ET Q q 0 0 0 rg BT 477.49 730.70 Td (comparing ) Tj ET Q q 0 0 0 rg BT 516.11 730.70 Td (to ) Tj ET Q q 0 0 0 rg BT 524.85 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 537.92 730.70 Td (prior ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 719.30 Td (year ) Tj ET Q q 0 0 0 rg BT 66.82 719.30 Td (as ) Tj ET Q q 0 0 0 rg BT 77.22 719.30 Td (the ) Tj ET Q q 0 0 0 rg BT 90.21 719.30 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 123.57 719.30 Td (variations ) Tj ET Q q 0 0 0 rg BT 159.08 719.30 Td (are ) Tj ET Q q 0 0 0 rg BT 172.50 719.30 Td (consistent.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (The following is a summary of the same-property NOI compared to the same period in the prior year:) Tj ET Q 1 1 1 rg /GS0 gs 50.00 602.40 340.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 691.4 m 390 691.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 691.4 m 472 691.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 691.4 m 554 691.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 662.4 m 390 662.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 662.4 m 472 662.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 662.4 m 554 662.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 632.4 m 390 632.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 632.4 m 472 632.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 632.4 m 554 632.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 587.4 m 390 587.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 587.4 m 472 587.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 587.4 m 554 587.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 542.4 m 390 542.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 542.4 m 472 542.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 542.4 m 554 542.4 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 478.60 680.93 Td (Three months ended) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 398.30 666.93 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 666.93 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 651.93 Td (Number of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.25 651.93 Td (33) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.20 651.93 Td (33) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 636.93 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 427.25 636.93 Td (4,956,772) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 516.20 636.93 Td (4,956,772) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 621.93 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.50 621.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.10 621.93 Td (33,582) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 621.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 621.93 Td (34,978) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 606.93 Td (Operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 435.50 606.93 Td (\(19,085) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.95 606.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.45 606.93 Td (\(19,342) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 606.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 591.93 Td (Straight-line rents and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.95 591.93 Td (136) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 591.93 Td (\(625) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 591.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 576.93 Td (Same-property NOI \(including hotel asset\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.10 576.93 Td (14,633) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 576.93 Td (15,01) Tj ET Q q 0 0 0 rg BT 546.55 576.93 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 561.93 Td (Period-over-period change - $) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.50 561.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 446.35 561.93 Td (\(378) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.95 561.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 546.93 Td (Period-over-period change - %) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.50 546.93 Td (\(2.5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.95 546.93 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 525.50 Td (Same-property ) Tj ET Q q 0 0 0 rg BT 103.27 525.50 Td (NOI ) Tj ET Q q 0 0 0 rg BT 119.36 525.50 Td (for ) Tj ET Q q 0 0 0 rg BT 130.69 525.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 143.77 525.50 Td (three ) Tj ET Q q 0 0 0 rg BT 163.77 525.50 Td (months ) Tj ET Q q 0 0 0 rg BT 191.56 525.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.47 525.50 Td (December ) Tj ET Q q 0 0 0 rg BT 253.64 525.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 266.72 525.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 284.05 525.50 Td ( ) Tj ET Q q 0 0 0 rg BT 286.29 525.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 323.17 525.50 Td (to ) Tj ET Q q 0 0 0 rg BT 331.92 525.50 Td (the ) Tj ET Q q 0 0 0 rg BT 344.99 525.50 Td (same ) Tj ET Q q 0 0 0 rg BT 366.28 525.50 Td (period ) Tj ET Q q 0 0 0 rg BT 390.18 525.50 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.49 525.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 415.82 525.50 Td ( ) Tj ET Q q 0 0 0 rg BT 418.06 525.50 Td (decreased ) Tj ET Q q 0 0 0 rg BT 456.68 525.50 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 467.15 525.50 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 484.56 525.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 506.64 525.50 Td ( ) Tj ET Q q 0 0 0 rg BT 508.88 525.50 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 518.05 525.50 Td (2.5%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.81 525.50 Td (. ) Tj ET Q q 0 0 0 rg BT 540.08 525.50 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 76.08 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.03 514.10 Td (same-property ) Tj ET Q q 0 0 0 rg BT 136.15 514.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 151.89 514.10 Td (can ) Tj ET Q q 0 0 0 rg BT 166.35 514.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 197.67 514.10 Td (be ) Tj ET Q q 0 0 0 rg BT 208.22 514.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 242.60 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.99 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.22 514.10 Td (fixturing ) Tj ET Q q 0 0 0 rg BT 286.39 514.10 Td (period ) Tj ET Q q 0 0 0 rg BT 309.93 514.10 Td (at ) Tj ET Q q 0 0 0 rg BT 318.32 514.10 Td (2285 ) Tj ET Q q 0 0 0 rg BT 337.55 514.10 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 376.68 514.10 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 398.91 514.10 Td (during ) Tj ET Q q 0 0 0 rg BT 422.46 514.10 Td (which ) Tj ET Q q 0 0 0 rg BT 444.27 514.10 Td (time ) Tj ET Q q 0 0 0 rg BT 460.88 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.60 514.10 Td (tenant ) Tj ET Q q 0 0 0 rg BT 497.15 514.10 Td (did ) Tj ET Q q 0 0 0 rg BT 509.44 514.10 Td (not ) Tj ET Q q 0 0 0 rg BT 522.16 514.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 536.62 514.10 Td (base ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 502.70 Td (rent. ) Tj ET Q q 0 0 0 rg BT 66.88 502.70 Td ( ) Tj ET Q q 0 0 0 rg BT 68.67 502.70 Td (On ) Tj ET Q q 0 0 0 rg BT 80.86 502.70 Td (a ) Tj ET Q q 0 0 0 rg BT 86.98 502.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 129.04 502.70 Td (basis, ) Tj ET Q q 0 0 0 rg BT 151.19 502.70 Td (to ) Tj ET Q q 0 0 0 rg BT 159.48 502.70 Td (adjust ) Tj ET Q q 0 0 0 rg BT 182.06 502.70 Td (for ) Tj ET Q q 0 0 0 rg BT 192.95 502.70 Td (the ) Tj ET Q q 0 0 0 rg BT 205.57 502.70 Td (tenant's ) Tj ET Q q 0 0 0 rg BT 234.41 502.70 Td (fixturing ) Tj ET Q q 0 0 0 rg BT 263.48 502.70 Td (period, ) Tj ET Q q 0 0 0 rg BT 289.10 502.70 Td (same-property ) Tj ET Q q 0 0 0 rg BT 341.11 502.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 356.75 502.70 Td (would ) Tj ET Q q 0 0 0 rg BT 378.90 502.70 Td (have ) Tj ET Q q 0 0 0 rg BT 397.58 502.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 433.15 502.70 Td (by ) Tj ET Q q 0 0 0 rg BT 443.17 502.70 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 460.13 502.70 Td (million ) Tj ET Q q 0 0 0 rg BT 483.99 502.70 Td (or ) Tj ET Q q 0 0 0 rg BT 492.71 502.70 Td (2.2% ) Tj ET Q q 0 0 0 rg BT 512.26 502.70 Td (for ) Tj ET Q q 0 0 0 rg BT 523.14 502.70 Td (the ) Tj ET Q q 0 0 0 rg BT 535.76 502.70 Td (three ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 491.30 Td (months ) Tj ET Q q 0 0 0 rg BT 77.22 491.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 101.05 491.30 Td (December ) Tj ET Q q 0 0 0 rg BT 139.14 491.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 152.14 491.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 171.64 491.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 208.45 491.30 Td (to ) Tj ET Q q 0 0 0 rg BT 217.11 491.30 Td (the ) Tj ET Q q 0 0 0 rg BT 230.11 491.30 Td (same ) Tj ET Q q 0 0 0 rg BT 251.33 491.30 Td (period ) Tj ET Q q 0 0 0 rg BT 275.15 491.30 Td (in ) Tj ET Q q 0 0 0 rg BT 283.38 491.30 Td (2016. ) Tj ET Q q 0 0 0 rg BT 305.04 491.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 473.90 Td (Positive ) Tj ET Q q 0 0 0 rg BT 78.99 473.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 105.89 473.90 Td (and ) Tj ET Q q 0 0 0 rg BT 121.10 473.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 157.08 473.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 176.62 473.90 Td (have ) Tj ET Q q 0 0 0 rg BT 195.72 473.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 229.54 473.90 Td (of) Tj ET Q q 0 0 0 rg BT 235.91 473.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 250.68 473.90 Td (the ) Tj ET Q q 0 0 0 rg BT 263.72 473.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 288.88 473.90 Td (of ) Tj ET Q q 0 0 0 rg BT 297.59 473.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 321.88 473.90 Td (occurring ) Tj ET Q q 0 0 0 rg BT 356.13 473.90 Td (at ) Tj ET Q q 0 0 0 rg BT 364.84 473.90 Td (the ) Tj ET Q q 0 0 0 rg BT 377.88 473.90 Td (end ) Tj ET Q q 0 0 0 rg BT 393.09 473.90 Td (of ) Tj ET Q q 0 0 0 rg BT 401.80 473.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 421.34 473.90 Td (on ) Tj ET Q q 0 0 0 rg BT 432.22 473.90 Td (same-property ) Tj ET Q q 0 0 0 rg BT 484.65 473.90 Td (NOI. ) Tj ET Q q 0 0 0 rg BT 502.88 473.90 Td ( ) Tj ET Q q 0 0 0 rg BT 504.95 473.90 Td (These ) Tj ET Q q 0 0 0 rg BT 528.81 473.90 Td (include ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 462.50 Td (Bell ) Tj ET Q q 0 0 0 rg BT 63.98 462.50 Td (Aliant's ) Tj ET Q q 0 0 0 rg BT 90.71 462.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 111.19 462.50 Td (maturity ) Tj ET Q q 0 0 0 rg BT 140.76 462.50 Td (at ) Tj ET Q q 0 0 0 rg BT 149.11 462.50 Td (Brunswick ) Tj ET Q q 0 0 0 rg BT 186.46 462.50 Td (Square ) Tj ET Q q 0 0 0 rg BT 213.44 462.50 Td (in ) Tj ET Q q 0 0 0 rg BT 221.35 462.50 Td (Saint ) Tj ET Q q 0 0 0 rg BT 240.97 462.50 Td (John, ) Tj ET Q q 0 0 0 rg BT 261.88 462.50 Td (NB, ) Tj ET Q q 0 0 0 rg BT 276.72 462.50 Td (and ) Tj ET Q q 0 0 0 rg BT 291.58 462.50 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 323.30 462.50 Td (Centre ) Tj ET Q q 0 0 0 rg BT 348.53 462.50 Td (in ) Tj ET Q q 0 0 0 rg BT 356.45 462.50 Td (Halifax, ) Tj ET Q q 0 0 0 rg BT 384.28 462.50 Td (NS ) Tj ET Q q 0 0 0 rg BT 396.96 462.50 Td (representing ) Tj ET Q q 0 0 0 rg BT 442.12 462.50 Td (41,389 ) Tj ET Q q 0 0 0 rg BT 467.80 462.50 Td (and ) Tj ET Q q 0 0 0 rg BT 482.66 462.50 Td (193,861 ) Tj ET Q q 0 0 0 rg BT 512.67 462.50 Td (square ) Tj ET Q q 0 0 0 rg BT 538.35 462.50 Td (feet, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 451.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 90.07 451.10 Td (, ) Tj ET Q q 0 0 0 rg BT 93.97 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.71 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.28 451.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 136.88 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.11 451.10 Td (MMM ) Tj ET Q q 0 0 0 rg BT 166.32 451.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 189.71 451.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 216.57 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.81 451.10 Td (48,902 ) Tj ET Q q 0 0 0 rg BT 250.38 451.10 Td (square ) Tj ET Q q 0 0 0 rg BT 275.93 451.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 290.67 451.10 Td (at ) Tj ET Q q 0 0 0 rg BT 298.91 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.48 451.10 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 344.40 451.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 380.79 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.59 451.10 Td (Mississauga, ) Tj ET Q q 0 0 0 rg BT 435.37 451.10 Td (ON. ) Tj ET Q q 0 0 0 rg BT 450.96 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.59 451.10 Td (These ) Tj ET Q q 0 0 0 rg BT 475.98 451.10 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 512.37 451.10 Td (were ) Tj ET Q q 0 0 0 rg BT 530.99 451.10 Td (known ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 439.70 Td (at ) Tj ET Q q 0 0 0 rg BT 58.17 439.70 Td (the ) Tj ET Q q 0 0 0 rg BT 71.16 439.70 Td (time ) Tj ET Q q 0 0 0 rg BT 88.05 439.70 Td (of ) Tj ET Q q 0 0 0 rg BT 96.71 439.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 135.69 439.70 Td (of ) Tj ET Q q 0 0 0 rg BT 144.36 439.70 Td (the ) Tj ET Q q 0 0 0 rg BT 157.36 439.70 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 179.00 439.70 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 209.75 439.70 Td (and ) Tj ET Q q 0 0 0 rg BT 224.91 439.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 256.54 439.70 Td (for ) Tj ET Q q 0 0 0 rg BT 267.80 439.70 Td (in ) Tj ET Q q 0 0 0 rg BT 276.02 439.70 Td (the ) Tj ET Q q 0 0 0 rg BT 289.02 439.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 314.32 439.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 347.68 439.70 Td (underwriting. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 422.30 Td (FUNDS ) Tj ET Q q 0 0 0 rg BT 78.49 422.30 Td (FROM ) Tj ET Q q 0 0 0 rg BT 103.59 422.30 Td (OPERA) Tj ET Q q 0 0 0 rg BT 130.72 422.30 Td (TIONS) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 404.90 Td (Funds ) Tj ET Q q 0 0 0 rg BT 75.04 404.90 Td (from ) Tj ET Q q 0 0 0 rg BT 94.51 404.90 Td (operations) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 387.50 Td (Funds ) Tj ET Q q 0 0 0 rg BT 73.44 387.50 Td (from ) Tj ET Q q 0 0 0 rg BT 91.32 387.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.99 387.50 Td (\("FFO"\) ) Tj ET Q q 0 0 0 rg BT 158.57 387.50 Td (is ) Tj ET Q q 0 0 0 rg BT 166.49 387.50 Td (a ) Tj ET Q q 0 0 0 rg BT 173.11 387.50 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 208.74 387.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 241.34 387.50 Td (for ) Tj ET Q q 0 0 0 rg BT 252.72 387.50 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 290.53 387.50 Td (real ) Tj ET Q q 0 0 0 rg BT 305.81 387.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 329.33 387.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 364.10 387.50 Td (performance. ) Tj ET Q q 0 0 0 rg BT 412.29 387.50 Td ( ) Tj ET Q q 0 0 0 rg BT 414.44 387.50 Td (The ) Tj ET Q q 0 0 0 rg BT 430.15 387.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 447.76 387.50 Td ( ) Tj ET Q q 0 0 0 rg BT 450.05 387.50 Td (calculates ) Tj ET Q q 0 0 0 rg BT 486.99 387.50 Td (FFO ) Tj ET Q q 0 0 0 rg BT 504.86 387.50 Td (in ) Tj ET Q q 0 0 0 rg BT 513.21 387.50 Td (accordance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (with ) Tj ET Q q 0 0 0 rg BT 65.88 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.25 376.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 112.96 376.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 145.38 376.10 Td (by ) Tj ET Q q 0 0 0 rg BT 156.14 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.50 376.10 Td (Real ) Tj ET Q q 0 0 0 rg BT 188.05 376.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 219.52 376.10 Td (Association ) Tj ET Q q 0 0 0 rg BT 261.90 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.93 376.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 300.74 376.10 Td (\("RealP) Tj ET Q q 0 0 0 rg BT 326.75 376.10 Td (AC"\) ) Tj ET Q q 0 0 0 rg BT 345.45 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.05 376.10 Td (its ) Tj ET Q q 0 0 0 rg BT 364.37 376.10 Td (White ) Tj ET Q q 0 0 0 rg BT 386.82 376.10 Td (Paper ) Tj ET Q q 0 0 0 rg BT 410.13 376.10 Td (on ) Tj ET Q q 0 0 0 rg BT 421.33 376.10 Td (Funds ) Tj ET Q q 0 0 0 rg BT 445.51 376.10 Td (From ) Tj ET Q q 0 0 0 rg BT 466.22 376.10 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 509.03 376.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.79 376.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 547.44 376.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 364.70 Td (February ) Tj ET Q q 0 0 0 rg BT 82.84 364.70 Td (2017. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 347.30 Td (Core-FFO) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 329.90 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 86.15 329.90 Td (is ) Tj ET Q q 0 0 0 rg BT 93.37 329.90 Td (a ) Tj ET Q q 0 0 0 rg BT 99.30 329.90 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 134.23 329.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 166.13 329.90 Td (which ) Tj ET Q q 0 0 0 rg BT 187.64 329.90 Td (makes ) Tj ET Q q 0 0 0 rg BT 212.19 329.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 237.17 329.90 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 280.77 329.90 Td (to ) Tj ET Q q 0 0 0 rg BT 288.86 329.90 Td (the ) Tj ET Q q 0 0 0 rg BT 301.29 329.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 326.02 329.90 Td (calculation ) Tj ET Q q 0 0 0 rg BT 364.43 329.90 Td (of ) Tj ET Q q 0 0 0 rg BT 372.52 329.90 Td (FFO ) Tj ET Q q 0 0 0 rg BT 389.70 329.90 Td (to ) Tj ET Q q 0 0 0 rg BT 397.79 329.90 Td (recognize ) Tj ET Q q 0 0 0 rg BT 433.17 329.90 Td (the ) Tj ET Q q 0 0 0 rg BT 445.59 329.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 470.32 329.90 Td (share ) Tj ET Q q 0 0 0 rg BT 491.41 329.90 Td (of ) Tj ET Q q 0 0 0 rg BT 499.50 329.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 519.72 329.90 Td (payments ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 318.50 Td (received ) Tj ET Q q 0 0 0 rg BT 81.11 318.50 Td (for ) Tj ET Q q 0 0 0 rg BT 92.37 318.50 Td (its ) Tj ET Q q 0 0 0 rg BT 102.33 318.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 120.95 318.50 Td (Centre ) Tj ET Q q 0 0 0 rg BT 146.50 318.50 Td (asset, ) Tj ET Q q 0 0 0 rg BT 169.46 318.50 Td (which ) Tj ET Q q 0 0 0 rg BT 191.54 318.50 Td (for ) Tj ET Q q 0 0 0 rg BT 202.79 318.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 222.70 318.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 256.92 318.50 Td (is ) Tj ET Q q 0 0 0 rg BT 264.71 318.50 Td (accounted ) Tj ET Q q 0 0 0 rg BT 302.83 318.50 Td (for ) Tj ET Q q 0 0 0 rg BT 314.09 318.50 Td (as ) Tj ET Q q 0 0 0 rg BT 324.49 318.50 Td (a ) Tj ET Q q 0 0 0 rg BT 330.99 318.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 358.28 318.50 Td (lease. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 301.10 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 104.92 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.43 301.10 Td (FFO ) Tj ET Q q 0 0 0 rg BT 132.18 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.20 301.10 Td (Core-FFO) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 283.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 97.43 283.70 Td (believes ) Tj ET Q q 0 0 0 rg BT 128.47 283.70 Td (that ) Tj ET Q q 0 0 0 rg BT 143.93 283.70 Td (FFO ) Tj ET Q q 0 0 0 rg BT 161.96 283.70 Td (and ) Tj ET Q q 0 0 0 rg BT 177.42 283.70 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 214.93 283.70 Td (are ) Tj ET Q q 0 0 0 rg BT 228.64 283.70 Td (important ) Tj ET Q q 0 0 0 rg BT 263.58 283.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 300.24 283.70 Td (of ) Tj ET Q q 0 0 0 rg BT 309.20 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 322.48 283.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 357.43 283.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 403.62 283.70 Td (and ) Tj ET Q q 0 0 0 rg BT 419.07 283.70 Td (are ) Tj ET Q q 0 0 0 rg BT 432.79 283.70 Td (used ) Tj ET Q q 0 0 0 rg BT 452.14 283.70 Td (by ) Tj ET Q q 0 0 0 rg BT 462.82 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 476.11 283.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 493.72 283.70 Td ( ) Tj ET Q q 0 0 0 rg BT 496.17 283.70 Td (in ) Tj ET Q q 0 0 0 rg BT 504.69 283.70 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 542.67 283.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 272.30 Td (combined ) Tj ET Q q 0 0 0 rg BT 85.60 272.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 131.65 272.30 Td (of ) Tj ET Q q 0 0 0 rg BT 140.47 272.30 Td (its ) Tj ET Q q 0 0 0 rg BT 150.58 272.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.28 272.30 Td (including ) Tj ET Q q 0 0 0 rg BT 222.35 272.30 Td (the ) Tj ET Q q 0 0 0 rg BT 235.50 272.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 260.76 272.30 Td (of ) Tj ET Q q 0 0 0 rg BT 269.58 272.30 Td (its ) Tj ET Q q 0 0 0 rg BT 279.69 272.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 304.53 272.30 Td (structure ) Tj ET Q q 0 0 0 rg BT 337.16 272.30 Td (and ) Tj ET Q q 0 0 0 rg BT 352.47 272.30 Td (are ) Tj ET Q q 0 0 0 rg BT 366.05 272.30 Td (useful ) Tj ET Q q 0 0 0 rg BT 389.16 272.30 Td (for ) Tj ET Q q 0 0 0 rg BT 400.57 272.30 Td (investors ) Tj ET Q q 0 0 0 rg BT 434.06 272.30 Td (to ) Tj ET Q q 0 0 0 rg BT 442.88 272.30 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 474.65 272.30 Td (the ) Tj ET Q q 0 0 0 rg BT 487.80 272.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 533.85 272.30 Td (of ) Tj ET Q q 0 0 0 rg BT 542.67 272.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 260.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 66.38 260.90 Td (. ) Tj ET Q q 0 0 0 rg BT 70.71 260.90 Td ( ) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The following is a reconciliation of FFO and Core-FFO from cash flow from operating activities:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 731.6 m 254 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 731.6 m 329 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 731.6 m 404 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 731.6 m 479 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 731.6 m 554 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 703.6 m 254 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 703.6 m 329 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 703.6 m 404 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 703.6 m 479 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 703.6 m 554 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 573.6 m 329 573.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 573.6 m 404 573.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 573.6 m 254 573.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 573.6 m 329 573.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 573.6 m 404 573.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 573.6 m 479 573.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 573.6 m 554 573.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 534.6 m 329 534.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 534.6 m 404 534.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 534.6 m 479 534.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 534.6 m 554 534.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 534.6 m 254 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 521.6 m 254 521.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 534.6 m 329 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 521.6 m 329 521.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 534.6 m 404 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 521.6 m 404 521.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 534.6 m 479 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 521.6 m 479 521.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 534.6 m 554 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 521.6 m 554 521.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 722.13 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 722.13 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 722.13 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 708.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 708.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 708.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 708.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 694.18 Td (Cash flow from operating activities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 694.23 Td (19,642) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 694.18 Td (15,322) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 694.18 Td (41,572) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 694.18 Td (36,667) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 681.18 Td (Add \(deduct\):) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 668.18 Td (Leasing costs amortized to revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 668.18 Td (784) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 668.18 Td (159) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 668.18 Td (1,629) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 668.18 Td (636) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 655.18 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.10 655.23 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 655.18 Td (101) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 655.18 Td (146) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 655.18 Td (322) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 642.18 Td (Subscription receipts equivalent amount ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 192.82 644.61 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.10 642.23 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.10 642.18 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 642.18 Td (926) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 642.18 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 629.18 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 629.18 Td (orking capital items) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.80 629.23 Td (\(9,954) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 629.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 629.18 Td (\(6,371) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 629.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 629.18 Td (\(3,831) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 629.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 629.18 Td (\(4,917) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 629.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 616.18 Td (Straight-line rent and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 616.18 Td (1) Tj ET Q q 0 0 0 rg BT 317.23 616.18 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 616.18 Td (625) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 616.18 Td (1,370) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 616.18 Td (2,083) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 603.18 Td (Interest and other finance costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.80 603.23 Td (\(7,374) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 603.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 603.18 Td (\(5,143) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 603.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.45 603.18 Td (\(25,583) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 603.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.45 603.18 Td (\(18,781) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 603.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 590.18 Td (Interest paid) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 590.18 Td (7,017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 590.18 Td (4,966) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 590.18 Td (24,300) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 590.18 Td (17,916) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 577.18 Td (Distributions paid to Class B unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 577.18 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 577.18 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 577.18 Td (3,964) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 577.18 Td (3,964) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 564.18 Td (FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 564.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 564.23 Td (1) Tj ET Q q 0 0 0 rg BT 306.38 564.23 Td (1,221) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 564.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 564.18 Td (10,650) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 564.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 564.18 Td (44,493) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 564.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 564.18 Td (37,890) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 551.18 Td (Finance income on finance lease receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 551.23 Td (\(964) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 551.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.30 551.18 Td (\(998) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 551.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 551.18 Td (\(3,908) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 551.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 551.18 Td (\(4,041) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 551.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 538.18 Td (Finance lease payments received) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 538.18 Td (1,525) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 538.18 Td (1,525) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 538.18 Td (6,099) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 538.18 Td (6,099) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 525.18 Td (Core-FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 525.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 525.23 Td (1) Tj ET Q q 0 0 0 rg BT 306.38 525.23 Td (1,782) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 525.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 525.18 Td (1) Tj ET Q q 0 0 0 rg BT 381.38 525.18 Td (1,177) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 525.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 525.18 Td (46,684) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 525.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 525.18 Td (39,948) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 513.10 Td (\(1\) On ) Tj ET Q q 0 0 0 rg BT 68.31 513.10 Td (April 25, 2017 each subscription receipt issued by the REIT) Tj ET Q q 0 0 0 rg BT 229.58 513.10 Td ( on March 15, 2017 was exchanged for one unit and a cash distribution equivalent payment of $0.0625 \(being equal to ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 504.10 Td (the aggregate amount of distributions paid by the REIT) Tj ET Q q 0 0 0 rg BT 198.48 504.10 Td ( per unit for which record dates occurred between March 15, 2017 and ) Tj ET Q q 0 0 0 rg BT 391.33 504.10 Td (April 25, 2017\). ) Tj ET Q q 0 0 0 rg BT 434.64 504.10 Td (The cash distribution equivalent payment of ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 495.10 Td ($0.9 million) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 80.61 495.10 Td ( has been recorded in interest and finance costs.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 477.70 Td (The following is a reconciliation of FFO and Core-FFO from net income and comprehensive income: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 467.20000000000005 m 254 467.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 467.20000000000005 m 329 467.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 467.20000000000005 m 404 467.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 467.20000000000005 m 479 467.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 467.20000000000005 m 554 467.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 439.20000000000005 m 254 439.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 439.20000000000005 m 329 439.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 439.20000000000005 m 404 439.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 439.20000000000005 m 479 439.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 439.20000000000005 m 554 439.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 439.20000000000005 m 404 439.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 439.20000000000005 m 554 439.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 309.20000000000005 m 329 309.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 309.20000000000005 m 254 309.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 309.20000000000005 m 329 309.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 309.20000000000005 m 404 309.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 309.20000000000005 m 479 309.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 309.20000000000005 m 554 309.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 270.20000000000005 m 254 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 257.20000000000005 m 254 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 270.20000000000005 m 329 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 257.20000000000005 m 329 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 270.20000000000005 m 404 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 257.20000000000005 m 404 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 270.20000000000005 m 479 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 257.20000000000005 m 479 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 270.20000000000005 m 554 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 257.20000000000005 m 554 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 231.20000000000005 m 254 231.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 231.20000000000005 m 329 231.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 231.20000000000005 m 404 231.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 231.20000000000005 m 479 231.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 231.20000000000005 m 554 231.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 192.20000000000005 m 254 192.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 192.20000000000005 m 329 192.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 192.20000000000005 m 404 192.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 192.20000000000005 m 479 192.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 192.20000000000005 m 554 192.20000000000005 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 457.73 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 457.73 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 457.73 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 443.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 443.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.15 443.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 443.73 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 429.78 Td (Net income and comprehensive income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 429.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 429.83 Td (14,174) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 429.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 429.78 Td (14,571) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 429.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 429.78 Td (49,705) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 429.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 429.78 Td (36,420) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 416.78 Td (Add \(deduct\):) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 403.78 Td (Leasing costs amortized to revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 403.78 Td (784) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 403.78 Td (159) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 403.78 Td (1,629) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 403.78 Td (636) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 390.78 Td (Change in fair value of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.80 390.83 Td (\(5,218) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 390.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 390.78 Td (\(1,022) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 390.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.45 390.78 Td (\(15,126) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 390.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 390.78 Td (\(7,933) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 390.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 377.78 Td (Change in fair value of financial instruments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 377.83 Td (\(253) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 377.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 377.78 Td (\(1,564) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 377.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 377.78 Td (1,182) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 377.78 Td (\(602) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 377.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 364.78 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.10 364.83 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 364.78 Td (101) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 364.78 Td (146) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 364.78 Td (322) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 351.78 Td (Depreciation of hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 351.78 Td (215) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 351.78 Td (162) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 351.78 Td (799) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 351.78 Td (590) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 338.78 Td (Change in fair value of Class B LP) Tj ET Q q 0 0 0 rg BT 171.09 338.78 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 338.78 Td (528) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 338.78 Td (\(2,748) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 338.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 338.78 Td (1,268) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 338.78 Td (4,493) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 325.78 Td (Distributions to Class B unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 325.78 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 325.78 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 325.78 Td (3,964) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 325.78 Td (3,964) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 312.78 Td (Subscription receipts equivalent amount ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 192.82 315.21 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.10 312.83 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.10 312.78 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 312.78 Td (926) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 312.78 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 299.78 Td (FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 299.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 299.83 Td (1) Tj ET Q q 0 0 0 rg BT 306.38 299.83 Td (1,221) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 299.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 299.78 Td (10,650) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 299.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 299.78 Td (44,493) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 299.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 299.78 Td (37,890) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 286.78 Td (Finance income on finance lease receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 286.83 Td (\(964) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 286.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.30 286.78 Td (\(998) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 286.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 286.78 Td (\(3,908) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 286.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 286.78 Td (\(4,041) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 286.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 273.78 Td (Finance lease payments received) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 273.78 Td (1,525) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 273.78 Td (1,525) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 273.78 Td (6,099) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 273.78 Td (6,099) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 260.78 Td (Core-FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 260.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 260.83 Td (1) Tj ET Q q 0 0 0 rg BT 306.38 260.83 Td (1,782) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 260.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 260.78 Td (1) Tj ET Q q 0 0 0 rg BT 381.38 260.78 Td (1,177) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 260.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 260.78 Td (46,684) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 260.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 260.78 Td (39,948) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 234.78 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 234.78 Td (eighted average number of units outstanding ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 216.09 237.21 Td (\(2\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 234.83 Td (62,266) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 234.78 Td (46,071) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 234.78 Td (57,153) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 234.78 Td (39,653) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 208.78 Td (FFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 208.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.70 208.78 Td (0.18) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 208.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.70 208.78 Td (0.23) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 208.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.70 208.78 Td (0.78) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 208.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 208.78 Td (0.96) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 195.78 Td (Core-FFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 195.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.70 195.78 Td (0.19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 195.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.70 195.78 Td (0.24) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 195.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.70 195.78 Td (0.82) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 195.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 195.78 Td (1.01) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 177.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.81 177.70 Td (On ) Tj ET Q q 0 0 0 rg BT 68.45 177.70 Td (April ) Tj ET Q q 0 0 0 rg BT 82.54 177.70 Td (25, ) Tj ET Q q 0 0 0 rg BT 92.88 177.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 108.36 177.70 Td (each ) Tj ET Q q 0 0 0 rg BT 123.48 177.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 158.10 177.70 Td (receipt ) Tj ET Q q 0 0 0 rg BT 178.35 177.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 197.92 177.70 Td (by ) Tj ET Q q 0 0 0 rg BT 206.21 177.70 Td (the ) Tj ET Q q 0 0 0 rg BT 216.55 177.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 230.45 177.70 Td ( ) Tj ET Q q 0 0 0 rg BT 232.24 177.70 Td (on ) Tj ET Q q 0 0 0 rg BT 240.87 177.70 Td (March ) Tj ET Q q 0 0 0 rg BT 259.75 177.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 270.09 177.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 285.56 177.70 Td (was ) Tj ET Q q 0 0 0 rg BT 298.29 177.70 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 330.17 177.70 Td (for ) Tj ET Q q 0 0 0 rg BT 339.14 177.70 Td (one ) Tj ET Q q 0 0 0 rg BT 351.20 177.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 362.90 177.70 Td (and ) Tj ET Q q 0 0 0 rg BT 374.96 177.70 Td (a ) Tj ET Q q 0 0 0 rg BT 380.17 177.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 394.95 177.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 426.49 177.70 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 456.32 177.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 481.70 177.70 Td (of ) Tj ET Q q 0 0 0 rg BT 488.62 177.70 Td ($0.0625 ) Tj ET Q q 0 0 0 rg BT 512.64 177.70 Td (\(being ) Tj ET Q q 0 0 0 rg BT 531.53 177.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 548.37 177.70 Td (to ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 168.70 Td (the ) Tj ET Q q 0 0 0 rg BT 59.77 168.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 89.19 168.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 111.42 168.70 Td (of ) Tj ET Q q 0 0 0 rg BT 118.27 168.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 152.81 168.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 166.15 168.70 Td (by ) Tj ET Q q 0 0 0 rg BT 174.37 168.70 Td (the ) Tj ET Q q 0 0 0 rg BT 184.64 168.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 198.54 168.70 Td ( ) Tj ET Q q 0 0 0 rg BT 200.26 168.70 Td (per ) Tj ET Q q 0 0 0 rg BT 210.86 168.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 222.50 168.70 Td (for ) Tj ET Q q 0 0 0 rg BT 231.39 168.70 Td (which ) Tj ET Q q 0 0 0 rg BT 248.83 168.70 Td (record ) Tj ET Q q 0 0 0 rg BT 267.98 168.70 Td (dates ) Tj ET Q q 0 0 0 rg BT 284.75 168.70 Td (occurred ) Tj ET Q q 0 0 0 rg BT 310.40 168.70 Td (between ) Tj ET Q q 0 0 0 rg BT 335.36 168.70 Td (March ) Tj ET Q q 0 0 0 rg BT 354.17 168.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 364.44 168.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 379.84 168.70 Td (and ) Tj ET Q q 0 0 0 rg BT 391.48 168.70 Td (April ) Tj ET Q q 0 0 0 rg BT 405.50 168.70 Td (25, ) Tj ET Q q 0 0 0 rg BT 415.77 168.70 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 434.82 168.70 Td (The ) Tj ET Q q 0 0 0 rg BT 447.13 168.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 461.84 168.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 493.31 168.70 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 523.07 168.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 548.38 168.70 Td (of ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 159.70 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 63.18 159.70 Td (million) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 80.61 159.70 Td ( ) Tj ET Q q 0 0 0 rg BT 82.32 159.70 Td (has ) Tj ET Q q 0 0 0 rg BT 93.95 159.70 Td (been ) Tj ET Q q 0 0 0 rg BT 109.34 159.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 135.32 159.70 Td (in ) Tj ET Q q 0 0 0 rg BT 141.82 159.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 163.70 159.70 Td (and ) Tj ET Q q 0 0 0 rg BT 175.68 159.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 197.22 159.70 Td (costs.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 150.70 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 58.73 150.70 Td (Represents ) Tj ET Q q 0 0 0 rg BT 91.89 150.70 Td (the ) Tj ET Q q 0 0 0 rg BT 102.15 150.70 Td (diluted ) Tj ET Q q 0 0 0 rg BT 121.98 150.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 148.31 150.70 Td (average ) Tj ET Q q 0 0 0 rg BT 172.25 150.70 Td (number ) Tj ET Q q 0 0 0 rg BT 194.81 150.70 Td (of ) Tj ET Q q 0 0 0 rg BT 201.65 150.70 Td (units ) Tj ET Q q 0 0 0 rg BT 216.36 150.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 249.87 150.70 Td (and ) Tj ET Q q 0 0 0 rg BT 261.84 150.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 286.12 150.70 Td (the ) Tj ET Q q 0 0 0 rg BT 296.38 150.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 322.71 150.70 Td (average ) Tj ET Q q 0 0 0 rg BT 346.65 150.70 Td (of ) Tj ET Q q 0 0 0 rg BT 353.49 150.70 Td (all ) Tj ET Q q 0 0 0 rg BT 361.35 150.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 375.25 150.70 Td ( ) Tj ET Q q 0 0 0 rg BT 376.96 150.70 Td (units, ) Tj ET Q q 0 0 0 rg BT 393.38 150.70 Td (DUP) Tj ET Q q 0 0 0 rg BT 406.25 150.70 Td ( ) Tj ET Q q 0 0 0 rg BT 407.96 150.70 Td (units ) Tj ET Q q 0 0 0 rg BT 422.66 150.70 Td (and ) Tj ET Q q 0 0 0 rg BT 434.64 150.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 451.72 150.70 Td (B ) Tj ET Q q 0 0 0 rg BT 457.54 150.70 Td (LP) Tj ET Q q 0 0 0 rg BT 464.95 150.70 Td ( ) Tj ET Q q 0 0 0 rg BT 466.66 150.70 Td (units.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 130.30 Td (For ) Tj ET Q q 0 0 0 rg BT 63.35 130.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.35 130.30 Td (three ) Tj ET Q q 0 0 0 rg BT 96.28 130.30 Td (months ) Tj ET Q q 0 0 0 rg BT 123.99 130.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 147.82 130.30 Td (December ) Tj ET Q q 0 0 0 rg BT 185.92 130.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 198.92 130.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 216.25 130.30 Td (, ) Tj ET Q q 0 0 0 rg BT 220.59 130.30 Td (FFO ) Tj ET Q q 0 0 0 rg BT 238.34 130.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 254.35 130.30 Td ($1) Tj ET Q q 0 0 0 rg BT 262.45 130.30 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 275.45 130.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.52 130.30 Td ( ) Tj ET Q q 0 0 0 rg BT 299.69 130.30 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 308.79 130.30 Td ($0.18) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 328.28 130.30 Td ( ) Tj ET Q q 0 0 0 rg BT 330.45 130.30 Td (per ) Tj ET Q q 0 0 0 rg BT 343.88 130.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 358.60 130.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 395.41 130.30 Td (to ) Tj ET Q q 0 0 0 rg BT 404.08 130.30 Td (FFO ) Tj ET Q q 0 0 0 rg BT 421.83 130.30 Td (for ) Tj ET Q q 0 0 0 rg BT 433.09 130.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.09 130.30 Td (three ) Tj ET Q q 0 0 0 rg BT 466.01 130.30 Td (months ) Tj ET Q q 0 0 0 rg BT 493.73 130.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 517.56 130.30 Td (December ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 118.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 62.33 118.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 79.66 118.90 Td (, ) Tj ET Q q 0 0 0 rg BT 83.83 118.90 Td (which ) Tj ET Q q 0 0 0 rg BT 105.74 118.90 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 121.59 118.90 Td ($10.7 ) Tj ET Q q 0 0 0 rg BT 143.08 118.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 165.16 118.90 Td ( ) Tj ET Q q 0 0 0 rg BT 167.16 118.90 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 176.08 118.90 Td ($0.23) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 195.58 118.90 Td ( ) Tj ET Q q 0 0 0 rg BT 197.58 118.90 Td (per ) Tj ET Q q 0 0 0 rg BT 210.83 118.90 Td (unit, ) Tj ET Q q 0 0 0 rg BT 227.56 118.90 Td (representing ) Tj ET Q q 0 0 0 rg BT 272.87 118.90 Td (an ) Tj ET Q q 0 0 0 rg BT 283.53 118.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 314.98 118.90 Td (of ) Tj ET Q q 0 0 0 rg BT 323.47 118.90 Td (approximately ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.97 118.90 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 391.13 118.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 413.21 118.90 Td ( ) Tj ET Q q 0 0 0 rg BT 415.21 118.90 Td (and ) Tj ET Q q 0 0 0 rg BT 430.20 118.90 Td (a ) Tj ET Q q 0 0 0 rg BT 436.54 118.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 470.58 118.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 479.08 118.90 Td ($0.05) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 498.58 118.90 Td ( ) Tj ET Q q 0 0 0 rg BT 500.58 118.90 Td (per ) Tj ET Q q 0 0 0 rg BT 513.83 118.90 Td (unit. ) Tj ET Q q 0 0 0 rg BT 530.56 118.90 Td (During ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 107.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 62.67 107.50 Td (year ) Tj ET Q q 0 0 0 rg BT 80.17 107.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 104.17 107.50 Td (December ) Tj ET Q q 0 0 0 rg BT 142.44 107.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 155.62 107.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 172.95 107.50 Td (, ) Tj ET Q q 0 0 0 rg BT 177.45 107.50 Td (FFO ) Tj ET Q q 0 0 0 rg BT 195.38 107.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 231.50 107.50 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 242.07 107.50 Td ($6.6 ) Tj ET Q q 0 0 0 rg BT 259.57 107.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.65 107.50 Td ( ) Tj ET Q q 0 0 0 rg BT 283.99 107.50 Td (and ) Tj ET Q q 0 0 0 rg BT 299.33 107.50 Td (decreased ) Tj ET Q q 0 0 0 rg BT 338.05 107.50 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.62 107.50 Td ($0.18) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 368.12 107.50 Td ( ) Tj ET Q q 0 0 0 rg BT 370.46 107.50 Td (per ) Tj ET Q q 0 0 0 rg BT 384.06 107.50 Td (unit. ) Tj ET Q q 0 0 0 rg BT 400.98 107.50 Td (The ) Tj ET Q q 0 0 0 rg BT 416.74 107.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 448.53 107.50 Td (in ) Tj ET Q q 0 0 0 rg BT 456.94 107.50 Td (FFO ) Tj ET Q q 0 0 0 rg BT 474.86 107.50 Td (is ) Tj ET Q q 0 0 0 rg BT 482.83 107.50 Td (a ) Tj ET Q q 0 0 0 rg BT 489.50 107.50 Td (result ) Tj ET Q q 0 0 0 rg BT 510.89 107.50 Td (of ) Tj ET Q q 0 0 0 rg BT 519.73 107.50 Td (increased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 65.53 96.10 Td (from ) Tj ET Q q 0 0 0 rg BT 83.29 96.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 128.34 96.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 159.94 96.10 Td (due ) Tj ET Q q 0 0 0 rg BT 175.12 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.79 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.80 96.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 235.79 96.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.46 96.10 Td (W) Tj ET Q q 0 0 0 rg BT 251.68 96.10 Td (est ) Tj ET Q q 0 0 0 rg BT 264.25 96.10 Td (Metro ) Tj ET Q q 0 0 0 rg BT 286.34 96.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 323.15 96.10 Td (Centre ) Tj ET Q q 0 0 0 rg BT 348.71 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.88 96.10 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 404.15 96.10 Td (W) Tj ET Q q 0 0 0 rg BT 411.37 96.10 Td (est ) Tj ET Q q 0 0 0 rg BT 423.94 96.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.18 96.10 Td (Etobicoke, ) Tj ET Q q 0 0 0 rg BT 470.73 96.10 Td (ON ) Tj ET Q q 0 0 0 rg BT 484.59 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.77 96.10 Td (250 ) Tj ET Q q 0 0 0 rg BT 514.94 96.10 Td (King ) Tj ET Q q 0 0 0 rg BT 532.71 96.10 Td (Street ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 84.70 Td (and ) Tj ET Q q 0 0 0 rg BT 64.77 84.70 Td (460 ) Tj ET Q q 0 0 0 rg BT 79.90 84.70 Td (T) Tj ET Q q 0 0 0 rg BT 84.23 84.70 Td (wo ) Tj ET Q q 0 0 0 rg BT 96.46 84.70 Td (Nations ) Tj ET Q q 0 0 0 rg BT 125.14 84.70 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 158.15 84.70 Td (in ) Tj ET Q q 0 0 0 rg BT 166.49 84.70 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 210.33 84.70 Td (NB ) Tj ET Q q 0 0 0 rg BT 223.42 84.70 Td (in ) Tj ET Q q 0 0 0 rg BT 231.75 84.70 Td (the ) Tj ET Q q 0 0 0 rg BT 244.86 84.70 Td (second ) Tj ET Q q 0 0 0 rg BT 272.25 84.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 299.21 84.70 Td (of ) Tj ET Q q 0 0 0 rg BT 307.98 84.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 329.61 84.70 Td (The ) Tj ET Q q 0 0 0 rg BT 345.30 84.70 Td (average ) Tj ET Q q 0 0 0 rg BT 375.73 84.70 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 415.25 84.70 Td (of ) Tj ET Q q 0 0 0 rg BT 424.02 84.70 Td (these ) Tj ET Q q 0 0 0 rg BT 445.35 84.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 484.44 84.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 521.36 84.70 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.26 84.70 Td (88.4%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 551.35 84.70 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 73.30 Td (Impacting ) Tj ET Q q 0 0 0 rg BT 85.19 73.30 Td (FFO ) Tj ET Q q 0 0 0 rg BT 102.67 73.30 Td (negatively ) Tj ET Q q 0 0 0 rg BT 139.66 73.30 Td (in ) Tj ET Q q 0 0 0 rg BT 147.63 73.30 Td (the ) Tj ET Q q 0 0 0 rg BT 160.37 73.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 182.19 73.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 208.78 73.30 Td (of ) Tj ET Q q 0 0 0 rg BT 217.19 73.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 236.42 73.30 Td (were ) Tj ET Q q 0 0 0 rg BT 255.21 73.30 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 272.28 73.30 Td (million ) Tj ET Q q 0 0 0 rg BT 296.26 73.30 Td (of ) Tj ET Q q 0 0 0 rg BT 304.66 73.30 Td (pursuit ) Tj ET Q q 0 0 0 rg BT 329.95 73.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 350.05 73.30 Td (included ) Tj ET Q q 0 0 0 rg BT 380.97 73.30 Td (in ) Tj ET Q q 0 0 0 rg BT 388.94 73.30 Td (general ) Tj ET Q q 0 0 0 rg BT 416.83 73.30 Td (and ) Tj ET Q q 0 0 0 rg BT 431.73 73.30 Td (administrative ) Tj ET Q q 0 0 0 rg BT 481.70 73.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 501.80 73.30 Td (for ) Tj ET Q q 0 0 0 rg BT 512.79 73.30 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 555.67 73.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 61.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.64 61.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.25 61.90 Td ( ) Tj ET Q q 0 0 0 rg BT 82.55 61.90 Td (did ) Tj ET Q q 0 0 0 rg BT 95.25 61.90 Td (not ) Tj ET Q q 0 0 0 rg BT 108.39 61.90 Td (complete ) Tj ET Q q 0 0 0 rg BT 142.31 61.90 Td (and ) Tj ET Q q 0 0 0 rg BT 157.62 61.90 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 175.09 61.90 Td (million ) Tj ET Q q 0 0 0 rg BT 199.47 61.90 Td (related ) Tj ET Q q 0 0 0 rg BT 225.59 61.90 Td (to ) Tj ET Q q 0 0 0 rg BT 234.40 61.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 258.36 61.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 286.22 61.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 317.98 61.90 Td (from ) Tj ET Q q 0 0 0 rg BT 335.87 61.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 371.95 61.90 Td (interested ) Tj ET Q q 0 0 0 rg BT 408.47 61.90 Td (rates. ) Tj ET Q q 0 0 0 rg BT 430.27 61.90 Td ( ) Tj ET Q q 0 0 0 rg BT 432.57 61.90 Td (FFO ) Tj ET Q q 0 0 0 rg BT 450.46 61.90 Td (per ) Tj ET Q q 0 0 0 rg BT 464.03 61.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 478.89 61.90 Td (is ) Tj ET Q q 0 0 0 rg BT 486.83 61.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 507.74 61.90 Td (in ) Tj ET Q q 0 0 0 rg BT 516.11 61.90 Td (the ) Tj ET Q q 0 0 0 rg BT 529.25 61.90 Td (current ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 50.50 Td (period ) Tj ET Q q 0 0 0 rg BT 73.32 50.50 Td (as ) Tj ET Q q 0 0 0 rg BT 83.72 50.50 Td (a ) Tj ET Q q 0 0 0 rg BT 90.21 50.50 Td (result ) Tj ET Q q 0 0 0 rg BT 111.43 50.50 Td (of ) Tj ET Q q 0 0 0 rg BT 120.10 50.50 Td (the ) Tj ET Q q 0 0 0 rg BT 133.10 50.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 168.62 50.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 191.57 50.50 Td (of) Tj ET Q q 0 0 0 rg BT 197.94 50.50 Td (ferings ) Tj ET Q q 0 0 0 rg BT 223.49 50.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 261.60 50.50 Td (to ) Tj ET Q q 0 0 0 rg BT 270.27 50.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 297.56 50.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 336.54 50.50 Td (activity) Tj ET Q q 0 0 0 rg BT 359.78 50.50 Td (.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 17) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 86.48 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 97.50 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.25 742.10 Td (three ) Tj ET Q q 0 0 0 rg BT 129.94 742.10 Td (months ) Tj ET Q q 0 0 0 rg BT 157.41 742.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 172.34 742.10 Td (year ) Tj ET Q q 0 0 0 rg BT 189.42 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 213.00 742.10 Td (December ) Tj ET Q q 0 0 0 rg BT 250.86 742.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 263.62 742.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.95 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.87 742.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 298.65 742.10 Td ($1) Tj ET Q q 0 0 0 rg BT 306.74 742.10 Td (1.8 ) Tj ET Q q 0 0 0 rg BT 319.50 742.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.58 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.50 742.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 358.43 742.10 Td ($46.7 ) Tj ET Q q 0 0 0 rg BT 379.85 742.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.92 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 406.02 742.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 446.58 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 450.67 742.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 487.24 742.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.67 742.10 Td ($1) Tj ET Q q 0 0 0 rg BT 503.76 742.10 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 516.52 742.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.59 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 540.52 742.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td ($39.9 ) Tj ET Q q 0 0 0 rg BT 70.51 730.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 92.59 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 94.10 730.70 Td (for ) Tj ET Q q 0 0 0 rg BT 104.70 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 117.05 730.70 Td (same ) Tj ET Q q 0 0 0 rg BT 137.61 730.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 164.67 730.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 172.25 730.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 189.58 730.70 Td (. ) Tj ET Q q 0 0 0 rg BT 193.26 730.70 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 229.83 730.70 Td (per ) Tj ET Q q 0 0 0 rg BT 242.60 730.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 256.67 730.70 Td (has ) Tj ET Q q 0 0 0 rg BT 270.75 730.70 Td (declined ) Tj ET Q q 0 0 0 rg BT 301.28 730.70 Td (in ) Tj ET Q q 0 0 0 rg BT 308.86 730.70 Td (each ) Tj ET Q q 0 0 0 rg BT 327.26 730.70 Td (comparable ) Tj ET Q q 0 0 0 rg BT 369.48 730.70 Td (period ) Tj ET Q q 0 0 0 rg BT 392.65 730.70 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.39 730.70 Td ($0.05) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 421.89 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 423.40 730.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.91 730.70 Td ($0.19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 730.70 Td (, ) Tj ET Q q 0 0 0 rg BT 461.08 730.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 501.65 730.70 Td (. ) Tj ET Q q 0 0 0 rg BT 505.24 730.70 Td (The ) Tj ET Q q 0 0 0 rg BT 520.17 730.70 Td (increases ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 719.30 Td (in ) Tj ET Q q 0 0 0 rg BT 57.73 719.30 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 94.95 719.30 Td (on ) Tj ET Q q 0 0 0 rg BT 105.78 719.30 Td (a ) Tj ET Q q 0 0 0 rg BT 112.28 719.30 Td (dollar ) Tj ET Q q 0 0 0 rg BT 133.50 719.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 153.85 719.30 Td (and ) Tj ET Q q 0 0 0 rg BT 169.02 719.30 Td (the ) Tj ET Q q 0 0 0 rg BT 182.02 719.30 Td (decreases ) Tj ET Q q 0 0 0 rg BT 220.13 719.30 Td (on ) Tj ET Q q 0 0 0 rg BT 230.96 719.30 Td (a ) Tj ET Q q 0 0 0 rg BT 237.46 719.30 Td (per ) Tj ET Q q 0 0 0 rg BT 250.88 719.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 265.61 719.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 285.97 719.30 Td (are ) Tj ET Q q 0 0 0 rg BT 299.39 719.30 Td (a ) Tj ET Q q 0 0 0 rg BT 305.89 719.30 Td (result ) Tj ET Q q 0 0 0 rg BT 327.11 719.30 Td (of ) Tj ET Q q 0 0 0 rg BT 335.78 719.30 Td (the ) Tj ET Q q 0 0 0 rg BT 348.77 719.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 380.40 719.30 Td (described ) Tj ET Q q 0 0 0 rg BT 416.34 719.30 Td (for ) Tj ET Q q 0 0 0 rg BT 427.60 719.30 Td (FFO.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (ADJUSTED ) Tj ET Q q 0 0 0 rg BT 93.64 701.90 Td (FUNDS ) Tj ET Q q 0 0 0 rg BT 122.62 701.90 Td (FROM ) Tj ET Q q 0 0 0 rg BT 147.73 701.90 Td (OPERA) Tj ET Q q 0 0 0 rg BT 174.85 701.90 Td (TIONS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 684.50 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 81.66 684.50 Td (FFO ) Tj ET Q q 0 0 0 rg BT 99.09 684.50 Td (\("AFFO"\) ) Tj ET Q q 0 0 0 rg BT 132.42 684.50 Td (is ) Tj ET Q q 0 0 0 rg BT 139.89 684.50 Td (a ) Tj ET Q q 0 0 0 rg BT 146.07 684.50 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 181.24 684.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 213.40 684.50 Td (that ) Tj ET Q q 0 0 0 rg BT 228.24 684.50 Td (is ) Tj ET Q q 0 0 0 rg BT 235.71 684.50 Td (used ) Tj ET Q q 0 0 0 rg BT 254.44 684.50 Td (by ) Tj ET Q q 0 0 0 rg BT 264.51 684.50 Td (management ) Tj ET Q q 0 0 0 rg BT 311.83 684.50 Td (of ) Tj ET Q q 0 0 0 rg BT 320.17 684.50 Td (the ) Tj ET Q q 0 0 0 rg BT 332.85 684.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 349.73 684.50 Td (, ) Tj ET Q q 0 0 0 rg BT 353.74 684.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 378.96 684.50 Td (of ) Tj ET Q q 0 0 0 rg BT 387.31 684.50 Td (the ) Tj ET Q q 0 0 0 rg BT 399.98 684.50 Td (real ) Tj ET Q q 0 0 0 rg BT 414.81 684.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 437.88 684.50 Td (industry ) Tj ET Q q 0 0 0 rg BT 467.00 684.50 Td (and ) Tj ET Q q 0 0 0 rg BT 481.85 684.50 Td (investors ) Tj ET Q q 0 0 0 rg BT 514.87 684.50 Td (to ) Tj ET Q q 0 0 0 rg BT 523.21 684.50 Td (measure ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 62.63 673.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 81.38 673.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 101.43 673.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 138.81 673.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.69 673.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 195.37 673.10 Td (including ) Tj ET Q q 0 0 0 rg BT 228.41 673.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 254.09 673.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 278.91 673.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 301.56 673.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 328.55 673.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 351.20 673.10 Td (tenant ) Tj ET Q q 0 0 0 rg BT 375.16 673.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 426.38 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.67 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.80 673.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 480.05 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.84 673.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 523.19 673.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 555.67 673.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 661.70 Td (It ) Tj ET Q q 0 0 0 rg BT 55.86 661.70 Td (is ) Tj ET Q q 0 0 0 rg BT 63.52 661.70 Td (a ) Tj ET Q q 0 0 0 rg BT 69.88 661.70 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 110.03 661.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 142.37 661.70 Td (used ) Tj ET Q q 0 0 0 rg BT 161.29 661.70 Td (to ) Tj ET Q q 0 0 0 rg BT 169.82 661.70 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 201.31 661.70 Td (the ) Tj ET Q q 0 0 0 rg BT 214.17 661.70 Td (extent ) Tj ET Q q 0 0 0 rg BT 237.42 661.70 Td (of ) Tj ET Q q 0 0 0 rg BT 245.95 661.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 264.44 661.70 Td (available ) Tj ET Q q 0 0 0 rg BT 297.22 661.70 Td (for ) Tj ET Q q 0 0 0 rg BT 308.35 661.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 348.05 661.70 Td (to ) Tj ET Q q 0 0 0 rg BT 356.58 661.70 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 398.76 661.70 Td (The ) Tj ET Q q 0 0 0 rg BT 414.22 661.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 439.38 661.70 Td (use ) Tj ET Q q 0 0 0 rg BT 453.97 661.70 Td (and ) Tj ET Q q 0 0 0 rg BT 469.00 661.70 Td (calculation ) Tj ET Q q 0 0 0 rg BT 507.85 661.70 Td (of ) Tj ET Q q 0 0 0 rg BT 515.98 661.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 538.78 661.70 Td (may ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 650.30 Td (be ) Tj ET Q q 0 0 0 rg BT 60.33 650.30 Td (dif) Tj ET Q q 0 0 0 rg BT 68.43 650.30 Td (ferent ) Tj ET Q q 0 0 0 rg BT 90.52 650.30 Td (than ) Tj ET Q q 0 0 0 rg BT 107.85 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 120.85 650.30 Td (use ) Tj ET Q q 0 0 0 rg BT 135.57 650.30 Td (or ) Tj ET Q q 0 0 0 rg BT 144.67 650.30 Td (as ) Tj ET Q q 0 0 0 rg BT 155.06 650.30 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 189.71 650.30 Td (by ) Tj ET Q q 0 0 0 rg BT 200.10 650.30 Td (other ) Tj ET Q q 0 0 0 rg BT 220.03 650.30 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 263.34 650.30 Td (and ) Tj ET Q q 0 0 0 rg BT 278.50 650.30 Td (as ) Tj ET Q q 0 0 0 rg BT 288.90 650.30 Td (a ) Tj ET Q q 0 0 0 rg BT 295.40 650.30 Td (result, ) Tj ET Q q 0 0 0 rg BT 318.78 650.30 Td (may ) Tj ET Q q 0 0 0 rg BT 335.67 650.30 Td (not ) Tj ET Q q 0 0 0 rg BT 348.67 650.30 Td (be ) Tj ET Q q 0 0 0 rg BT 359.50 650.30 Td (comparable ) Tj ET Q q 0 0 0 rg BT 402.37 650.30 Td (to ) Tj ET Q q 0 0 0 rg BT 411.03 650.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 435.70 650.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 472.08 650.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 508.90 650.30 Td (by ) Tj ET Q q 0 0 0 rg BT 519.29 650.30 Td (others.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 632.90 Td (In ) Tj ET Q q 0 0 0 rg BT 58.78 632.90 Td (calculating ) Tj ET Q q 0 0 0 rg BT 97.82 632.90 Td (AFFO, ) Tj ET Q q 0 0 0 rg BT 123.54 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 137.15 632.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 154.76 632.90 Td ( ) Tj ET Q q 0 0 0 rg BT 157.53 632.90 Td (makes ) Tj ET Q q 0 0 0 rg BT 183.26 632.90 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 228.04 632.90 Td (to ) Tj ET Q q 0 0 0 rg BT 237.32 632.90 Td (FFO ) Tj ET Q q 0 0 0 rg BT 255.68 632.90 Td (for ) Tj ET Q q 0 0 0 rg BT 267.55 632.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 293.71 632.90 Td (items ) Tj ET Q q 0 0 0 rg BT 315.10 632.90 Td (including: ) Tj ET Q q 0 0 0 rg BT 350.79 632.90 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 392.99 632.90 Td (income ) Tj ET Q q 0 0 0 rg BT 420.88 632.90 Td (supplements; ) Tj ET Q q 0 0 0 rg BT 470.00 632.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 515.21 632.90 Td (of ) Tj ET Q q 0 0 0 rg BT 524.49 632.90 Td (deferred ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 621.50 Td (transaction ) Tj ET Q q 0 0 0 rg BT 89.86 621.50 Td (costs; ) Tj ET Q q 0 0 0 rg BT 112.46 621.50 Td (de-recognition ) Tj ET Q q 0 0 0 rg BT 164.08 621.50 Td (and ) Tj ET Q q 0 0 0 rg BT 179.32 621.50 Td (amortization ) Tj ET Q q 0 0 0 rg BT 224.01 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 232.75 621.50 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 287.81 621.50 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 332.06 621.50 Td (on ) Tj ET Q q 0 0 0 rg BT 342.98 621.50 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 382.03 621.50 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 420.66 621.50 Td (or ) Tj ET Q q 0 0 0 rg BT 429.83 621.50 Td (discharged; ) Tj ET Q q 0 0 0 rg BT 472.36 621.50 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 516.62 621.50 Td (for ) Tj ET Q q 0 0 0 rg BT 527.95 621.50 Td (interest ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 64.84 610.10 Td (subsidies ) Tj ET Q q 0 0 0 rg BT 99.24 610.10 Td (received; ) Tj ET Q q 0 0 0 rg BT 132.77 610.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 172.80 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.22 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.97 610.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 219.02 610.10 Td (share ) Tj ET Q q 0 0 0 rg BT 240.43 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.84 610.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 269.39 610.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 305.08 610.10 Td (received ) Tj ET Q q 0 0 0 rg BT 336.45 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.46 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 357.17 610.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 375.54 610.10 Td (Centre ) Tj ET Q q 0 0 0 rg BT 400.84 610.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 423.55 610.10 Td (which ) Tj ET Q q 0 0 0 rg BT 445.38 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.39 610.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 476.05 610.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 510.02 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 517.56 610.10 Td (accounted ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 598.70 Td (for ) Tj ET Q q 0 0 0 rg BT 60.76 598.70 Td (as ) Tj ET Q q 0 0 0 rg BT 71.15 598.70 Td (a ) Tj ET Q q 0 0 0 rg BT 77.65 598.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 104.94 598.70 Td (lease; ) Tj ET Q q 0 0 0 rg BT 127.90 598.70 Td (amortization ) Tj ET Q q 0 0 0 rg BT 172.50 598.70 Td (of ) Tj ET Q q 0 0 0 rg BT 181.17 598.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 223.61 598.70 Td (rent; ) Tj ET Q q 0 0 0 rg BT 241.36 598.70 Td (and ) Tj ET Q q 0 0 0 rg BT 256.53 598.70 Td (normalized ) Tj ET Q q 0 0 0 rg BT 296.80 598.70 Td (direct ) Tj ET Q q 0 0 0 rg BT 318.02 598.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 344.87 598.70 Td (and ) Tj ET Q q 0 0 0 rg BT 360.03 598.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 384.72 598.70 Td (costs. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 581.30 Td (Guaranteed ) Tj ET Q q 0 0 0 rg BT 92.49 581.30 Td (income ) Tj ET Q q 0 0 0 rg BT 119.45 581.30 Td (supplements ) Tj ET Q q 0 0 0 rg BT 165.47 581.30 Td (are ) Tj ET Q q 0 0 0 rg BT 178.57 581.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 196.87 581.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 228.60 581.30 Td (received ) Tj ET Q q 0 0 0 rg BT 259.88 581.30 Td (from ) Tj ET Q q 0 0 0 rg BT 277.31 581.30 Td (vendors ) Tj ET Q q 0 0 0 rg BT 306.87 581.30 Td (or ) Tj ET Q q 0 0 0 rg BT 315.64 581.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 352.12 581.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 383.85 581.30 Td (by ) Tj ET Q q 0 0 0 rg BT 393.92 581.30 Td (the ) Tj ET Q q 0 0 0 rg BT 406.59 581.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 424.20 581.30 Td ( ) Tj ET Q q 0 0 0 rg BT 426.05 581.30 Td (that ) Tj ET Q q 0 0 0 rg BT 440.89 581.30 Td (are ) Tj ET Q q 0 0 0 rg BT 453.99 581.30 Td (not ) Tj ET Q q 0 0 0 rg BT 466.66 581.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 506.62 581.30 Td (income. ) Tj ET Q q 0 0 0 rg BT 535.74 581.30 Td (Such ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 569.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 80.91 569.90 Td (were ) Tj ET Q q 0 0 0 rg BT 99.31 569.90 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 137.23 569.90 Td (between ) Tj ET Q q 0 0 0 rg BT 168.20 569.90 Td (the ) Tj ET Q q 0 0 0 rg BT 180.56 569.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 198.17 569.90 Td ( ) Tj ET Q q 0 0 0 rg BT 199.69 569.90 Td (and ) Tj ET Q q 0 0 0 rg BT 214.21 569.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 239.12 569.90 Td (vendors ) Tj ET Q q 0 0 0 rg BT 268.36 569.90 Td (to ) Tj ET Q q 0 0 0 rg BT 276.39 569.90 Td (compensate ) Tj ET Q q 0 0 0 rg BT 320.36 569.90 Td (the ) Tj ET Q q 0 0 0 rg BT 332.71 569.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 350.32 569.90 Td ( ) Tj ET Q q 0 0 0 rg BT 351.85 569.90 Td (for ) Tj ET Q q 0 0 0 rg BT 362.46 569.90 Td (lost ) Tj ET Q q 0 0 0 rg BT 376.11 569.90 Td (income ) Tj ET Q q 0 0 0 rg BT 402.75 569.90 Td (related ) Tj ET Q q 0 0 0 rg BT 428.10 569.90 Td (to ) Tj ET Q q 0 0 0 rg BT 436.12 569.90 Td (free ) Tj ET Q q 0 0 0 rg BT 451.07 569.90 Td (rent ) Tj ET Q q 0 0 0 rg BT 466.02 569.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 493.09 569.90 Td (and/or ) Tj ET Q q 0 0 0 rg BT 516.71 569.90 Td (vacancies. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 558.50 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 82.41 558.50 Td (related ) Tj ET Q q 0 0 0 rg BT 108.40 558.50 Td (to ) Tj ET Q q 0 0 0 rg BT 117.06 558.50 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 153.88 558.50 Td (expired ) Tj ET Q q 0 0 0 rg BT 181.59 558.50 Td (in ) Tj ET Q q 0 0 0 rg BT 189.82 558.50 Td (mid-2017 ) Tj ET Q q 0 0 0 rg BT 224.47 558.50 Td (while ) Tj ET Q q 0 0 0 rg BT 244.38 558.50 Td (the ) Tj ET Q q 0 0 0 rg BT 257.38 558.50 Td (free ) Tj ET Q q 0 0 0 rg BT 272.97 558.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 288.56 558.50 Td (supplements ) Tj ET Q q 0 0 0 rg BT 334.90 558.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 366.53 558.50 Td (through ) Tj ET Q q 0 0 0 rg BT 395.11 558.50 Td (to ) Tj ET Q q 0 0 0 rg BT 403.78 558.50 Td (2020. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 541.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 95.42 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.54 541.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 136.17 541.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 176.91 541.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 197.71 541.10 Td (are ) Tj ET Q q 0 0 0 rg BT 211.59 541.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.40 541.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 263.17 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.28 541.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 296.13 541.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 313.92 541.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 347.72 541.10 Td (that ) Tj ET Q q 0 0 0 rg BT 363.34 541.10 Td (are ) Tj ET Q q 0 0 0 rg BT 377.22 541.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 410.58 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.27 541.10 Td (net ) Tj ET Q q 0 0 0 rg BT 432.72 541.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 462.62 541.10 Td (generally) Tj ET Q q 0 0 0 rg BT 493.66 541.10 Td (, ) Tj ET Q q 0 0 0 rg BT 498.45 541.10 Td (on ) Tj ET Q q 0 0 0 rg BT 509.74 541.10 Td (a ) Tj ET Q q 0 0 0 rg BT 516.69 541.10 Td (systematic ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 529.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 70.12 529.70 Td (over ) Tj ET Q q 0 0 0 rg BT 87.70 529.70 Td (the ) Tj ET Q q 0 0 0 rg BT 100.96 529.70 Td (life ) Tj ET Q q 0 0 0 rg BT 113.35 529.70 Td (of ) Tj ET Q q 0 0 0 rg BT 122.27 529.70 Td (the ) Tj ET Q q 0 0 0 rg BT 135.53 529.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 153.12 529.70 Td (to ) Tj ET Q q 0 0 0 rg BT 162.05 529.70 Td (which ) Tj ET Q q 0 0 0 rg BT 184.39 529.70 Td (they ) Tj ET Q q 0 0 0 rg BT 201.55 529.70 Td (relate. ) Tj ET Q q 0 0 0 rg BT 225.48 529.70 Td (The ) Tj ET Q q 0 0 0 rg BT 241.33 529.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 258.94 529.70 Td ( ) Tj ET Q q 0 0 0 rg BT 261.37 529.70 Td (deducts ) Tj ET Q q 0 0 0 rg BT 291.08 529.70 Td (these ) Tj ET Q q 0 0 0 rg BT 312.57 529.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 344.88 529.70 Td (in ) Tj ET Q q 0 0 0 rg BT 353.37 529.70 Td (determining ) Tj ET Q q 0 0 0 rg BT 396.03 529.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 419.23 529.70 Td (as ) Tj ET Q q 0 0 0 rg BT 429.89 529.70 Td (they ) Tj ET Q q 0 0 0 rg BT 447.05 529.70 Td (represent ) Tj ET Q q 0 0 0 rg BT 482.39 529.70 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 516.86 529.70 Td (charges ) Tj ET Q q 0 0 0 rg BT 547.01 529.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 518.30 Td (net ) Tj ET Q q 0 0 0 rg BT 62.50 518.30 Td (income ) Tj ET Q q 0 0 0 rg BT 89.78 518.30 Td (in ) Tj ET Q q 0 0 0 rg BT 98.01 518.30 Td (the ) Tj ET Q q 0 0 0 rg BT 111.01 518.30 Td (current ) Tj ET Q q 0 0 0 rg BT 137.43 518.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 162.99 518.30 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 208.46 518.30 Td (of ) Tj ET Q q 0 0 0 rg BT 217.13 518.30 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 272.10 518.30 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 316.28 518.30 Td (are ) Tj ET Q q 0 0 0 rg BT 329.71 518.30 Td (dif) Tj ET Q q 0 0 0 rg BT 337.80 518.30 Td (ferences ) Tj ET Q q 0 0 0 rg BT 369.85 518.30 Td (between ) Tj ET Q q 0 0 0 rg BT 401.47 518.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 418.81 518.30 Td (assumed ) Tj ET Q q 0 0 0 rg BT 452.59 518.30 Td (in ) Tj ET Q q 0 0 0 rg BT 460.82 518.30 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 502.40 518.30 Td (with ) Tj ET Q q 0 0 0 rg BT 518.42 518.30 Td (a ) Tj ET Q q 0 0 0 rg BT 524.92 518.30 Td (property ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 506.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 88.45 506.90 Td (and ) Tj ET Q q 0 0 0 rg BT 103.58 506.90 Td (the ) Tj ET Q q 0 0 0 rg BT 116.54 506.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 129.50 506.90 Td (value ) Tj ET Q q 0 0 0 rg BT 150.26 506.90 Td (of ) Tj ET Q q 0 0 0 rg BT 158.89 506.90 Td (the ) Tj ET Q q 0 0 0 rg BT 171.86 506.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 189.15 506.90 Td (on ) Tj ET Q q 0 0 0 rg BT 199.95 506.90 Td (assumption ) Tj ET Q q 0 0 0 rg BT 241.93 506.90 Td (that ) Tj ET Q q 0 0 0 rg BT 257.06 506.90 Td (are ) Tj ET Q q 0 0 0 rg BT 270.45 506.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 303.33 506.90 Td (in ) Tj ET Q q 0 0 0 rg BT 311.53 506.90 Td (net ) Tj ET Q q 0 0 0 rg BT 324.50 506.90 Td (income, ) Tj ET Q q 0 0 0 rg BT 353.91 506.90 Td (generally) Tj ET Q q 0 0 0 rg BT 384.95 506.90 Td (, ) Tj ET Q q 0 0 0 rg BT 389.25 506.90 Td (on ) Tj ET Q q 0 0 0 rg BT 400.05 506.90 Td (a ) Tj ET Q q 0 0 0 rg BT 406.52 506.90 Td (systematic ) Tj ET Q q 0 0 0 rg BT 445.46 506.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 465.78 506.90 Td (over ) Tj ET Q q 0 0 0 rg BT 483.07 506.90 Td (the ) Tj ET Q q 0 0 0 rg BT 496.03 506.90 Td (life ) Tj ET Q q 0 0 0 rg BT 508.13 506.90 Td (of ) Tj ET Q q 0 0 0 rg BT 516.76 506.90 Td (the ) Tj ET Q q 0 0 0 rg BT 529.72 506.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 547.02 506.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 495.50 Td (which ) Tj ET Q q 0 0 0 rg BT 71.31 495.50 Td (they ) Tj ET Q q 0 0 0 rg BT 87.93 495.50 Td (relate. ) Tj ET Q q 0 0 0 rg BT 111.36 495.50 Td (The ) Tj ET Q q 0 0 0 rg BT 126.68 495.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 144.29 495.50 Td ( ) Tj ET Q q 0 0 0 rg BT 146.18 495.50 Td (deducts ) Tj ET Q q 0 0 0 rg BT 175.37 495.50 Td (or ) Tj ET Q q 0 0 0 rg BT 184.19 495.50 Td (adds, ) Tj ET Q q 0 0 0 rg BT 205.14 495.50 Td (as ) Tj ET Q q 0 0 0 rg BT 215.27 495.50 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 254.41 495.50 Td (these ) Tj ET Q q 0 0 0 rg BT 275.37 495.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 307.14 495.50 Td (in ) Tj ET Q q 0 0 0 rg BT 315.10 495.50 Td (determining ) Tj ET Q q 0 0 0 rg BT 357.33 495.50 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 380.00 495.50 Td (as ) Tj ET Q q 0 0 0 rg BT 390.12 495.50 Td (they ) Tj ET Q q 0 0 0 rg BT 406.75 495.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 441.55 495.50 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 475.50 495.50 Td (charges ) Tj ET Q q 0 0 0 rg BT 505.11 495.50 Td (to ) Tj ET Q q 0 0 0 rg BT 513.50 495.50 Td (net ) Tj ET Q q 0 0 0 rg BT 526.23 495.50 Td (income. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.14 478.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 92.91 478.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 108.55 478.10 Td (subsidy ) Tj ET Q q 0 0 0 rg BT 137.19 478.10 Td (is ) Tj ET Q q 0 0 0 rg BT 145.03 478.10 Td (an ) Tj ET Q q 0 0 0 rg BT 155.91 478.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 184.12 478.10 Td (received ) Tj ET Q q 0 0 0 rg BT 215.78 478.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 245.28 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 255.73 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.77 478.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 286.38 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.60 478.10 Td (from ) Tj ET Q q 0 0 0 rg BT 306.40 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.95 478.10 Td (vendor ) Tj ET Q q 0 0 0 rg BT 338.99 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.70 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.25 478.10 Td (property ) Tj ET Q q 0 0 0 rg BT 385.05 478.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 417.15 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 427.60 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.64 478.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 457.52 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 461.91 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.63 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.67 478.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 507.12 478.10 Td (not ) Tj ET Q q 0 0 0 rg BT 520.17 478.10 Td (otherwise ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 466.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 90.42 466.70 Td (in ) Tj ET Q q 0 0 0 rg BT 99.29 466.70 Td (net ) Tj ET Q q 0 0 0 rg BT 112.93 466.70 Td (income. ) Tj ET Q q 0 0 0 rg BT 143.01 466.70 Td (Such ) Tj ET Q q 0 0 0 rg BT 163.58 466.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 192.37 466.70 Td (was ) Tj ET Q q 0 0 0 rg BT 209.03 466.70 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 248.23 466.70 Td (between ) Tj ET Q q 0 0 0 rg BT 280.48 466.70 Td (the ) Tj ET Q q 0 0 0 rg BT 294.12 466.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 311.73 466.70 Td ( ) Tj ET Q q 0 0 0 rg BT 314.54 466.70 Td (and ) Tj ET Q q 0 0 0 rg BT 330.34 466.70 Td (a ) Tj ET Q q 0 0 0 rg BT 337.48 466.70 Td (vendor ) Tj ET Q q 0 0 0 rg BT 364.11 466.70 Td (to ) Tj ET Q q 0 0 0 rg BT 373.41 466.70 Td (compensate ) Tj ET Q q 0 0 0 rg BT 418.66 466.70 Td (the ) Tj ET Q q 0 0 0 rg BT 432.30 466.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 449.18 466.70 Td (, ) Tj ET Q q 0 0 0 rg BT 454.16 466.70 Td (in ) Tj ET Q q 0 0 0 rg BT 463.02 466.70 Td (part, ) Tj ET Q q 0 0 0 rg BT 481.42 466.70 Td (for ) Tj ET Q q 0 0 0 rg BT 493.32 466.70 Td (assuming ) Tj ET Q q 0 0 0 rg BT 529.47 466.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 547.44 466.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 455.30 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 91.01 455.30 Td (with ) Tj ET Q q 0 0 0 rg BT 106.95 455.30 Td (a ) Tj ET Q q 0 0 0 rg BT 113.37 455.30 Td (property ) Tj ET Q q 0 0 0 rg BT 144.04 455.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 182.94 455.30 Td (that ) Tj ET Q q 0 0 0 rg BT 198.03 455.30 Td (was ) Tj ET Q q 0 0 0 rg BT 213.97 455.30 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 256.78 455.30 Td (to ) Tj ET Q q 0 0 0 rg BT 265.37 455.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 282.62 455.30 Td (that ) Tj ET Q q 0 0 0 rg BT 297.71 455.30 Td (could ) Tj ET Q q 0 0 0 rg BT 318.43 455.30 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 353.85 455.30 Td (have ) Tj ET Q q 0 0 0 rg BT 372.84 455.30 Td (been ) Tj ET Q q 0 0 0 rg BT 392.26 455.30 Td (obtained ) Tj ET Q q 0 0 0 rg BT 424.24 455.30 Td (by ) Tj ET Q q 0 0 0 rg BT 434.56 455.30 Td (the ) Tj ET Q q 0 0 0 rg BT 447.48 455.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 465.09 455.30 Td ( ) Tj ET Q q 0 0 0 rg BT 467.18 455.30 Td (had ) Tj ET Q q 0 0 0 rg BT 482.27 455.30 Td (the ) Tj ET Q q 0 0 0 rg BT 495.19 455.30 Td (vendor ) Tj ET Q q 0 0 0 rg BT 521.10 455.30 Td (made ) Tj ET Q q 0 0 0 rg BT 542.68 455.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 443.90 Td (property ) Tj ET Q q 0 0 0 rg BT 80.43 443.90 Td (available ) Tj ET Q q 0 0 0 rg BT 113.54 443.90 Td (to ) Tj ET Q q 0 0 0 rg BT 122.39 443.90 Td (be ) Tj ET Q q 0 0 0 rg BT 133.41 443.90 Td (purchased ) Tj ET Q q 0 0 0 rg BT 172.14 443.90 Td (on ) Tj ET Q q 0 0 0 rg BT 183.16 443.90 Td (a ) Tj ET Q q 0 0 0 rg BT 189.85 443.90 Td (free-and-clear) Tj ET Q q 0 0 0 rg BT 240.35 443.90 Td () Tj ET Q q 0 0 0 rg BT 241.80 443.90 Td ( ) Tj ET Q q 0 0 0 rg BT 244.16 443.90 Td (basis. ) Tj ET Q q 0 0 0 rg BT 266.72 443.90 Td (The ) Tj ET Q q 0 0 0 rg BT 282.50 443.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 300.10 443.90 Td ( ) Tj ET Q q 0 0 0 rg BT 302.46 443.90 Td (adds ) Tj ET Q q 0 0 0 rg BT 321.71 443.90 Td (this ) Tj ET Q q 0 0 0 rg BT 336.19 443.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 364.53 443.90 Td (in ) Tj ET Q q 0 0 0 rg BT 372.94 443.90 Td (determining ) Tj ET Q q 0 0 0 rg BT 415.54 443.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 438.67 443.90 Td (as ) Tj ET Q q 0 0 0 rg BT 449.25 443.90 Td (it ) Tj ET Q q 0 0 0 rg BT 455.50 443.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 494.66 443.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 513.47 443.90 Td (received ) Tj ET Q q 0 0 0 rg BT 545.27 443.90 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 432.50 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 432.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.11 432.50 Td ( ) Tj ET Q q 0 0 0 rg BT 82.27 432.50 Td (not ) Tj ET Q q 0 0 0 rg BT 95.27 432.50 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 130.78 432.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 171.06 432.50 Td (in ) Tj ET Q q 0 0 0 rg BT 179.28 432.50 Td (net ) Tj ET Q q 0 0 0 rg BT 192.28 432.50 Td (income. ) Tj ET Q q 0 0 0 rg BT 221.73 432.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (Normalized ) Tj ET Q q 0 0 0 rg BT 90.80 415.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 111.75 415.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 138.34 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.25 415.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 177.67 415.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 197.77 415.10 Td (are ) Tj ET Q q 0 0 0 rg BT 210.93 415.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 251.81 415.10 Td (as ) Tj ET Q q 0 0 0 rg BT 261.94 415.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 279.44 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.84 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.57 415.10 Td (net ) Tj ET Q q 0 0 0 rg BT 313.31 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.71 415.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 343.11 415.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 373.16 415.10 Td (less ) Tj ET Q q 0 0 0 rg BT 388.92 415.10 Td (property ) Tj ET Q q 0 0 0 rg BT 419.41 415.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 453.80 415.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 489.05 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.95 415.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 542.67 415.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 403.70 Td (normalized ) Tj ET Q q 0 0 0 rg BT 89.75 403.70 Td (on-going ) Tj ET Q q 0 0 0 rg BT 122.21 403.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 142.55 403.70 Td (required ) Tj ET Q q 0 0 0 rg BT 173.28 403.70 Td (to ) Tj ET Q q 0 0 0 rg BT 181.92 403.70 Td (maintain ) Tj ET Q q 0 0 0 rg BT 213.52 403.70 Td (existing ) Tj ET Q q 0 0 0 rg BT 242.08 403.70 Td (space ) Tj ET Q q 0 0 0 rg BT 265.02 403.70 Td (of ) Tj ET Q q 0 0 0 rg BT 273.66 403.70 Td (a ) Tj ET Q q 0 0 0 rg BT 280.14 403.70 Td (stabilized ) Tj ET Q q 0 0 0 rg BT 314.77 403.70 Td (property) Tj ET Q q 0 0 0 rg BT 342.78 403.70 Td (. ) Tj ET Q q 0 0 0 rg BT 346.67 403.70 Td (Actual ) Tj ET Q q 0 0 0 rg BT 370.47 403.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 402.50 403.70 Td (will ) Tj ET Q q 0 0 0 rg BT 415.46 403.70 Td (vary ) Tj ET Q q 0 0 0 rg BT 432.32 403.70 Td (from ) Tj ET Q q 0 0 0 rg BT 450.05 403.70 Td (period ) Tj ET Q q 0 0 0 rg BT 473.85 403.70 Td (to ) Tj ET Q q 0 0 0 rg BT 482.50 403.70 Td (period ) Tj ET Q q 0 0 0 rg BT 506.30 403.70 Td (depending ) Tj ET Q q 0 0 0 rg BT 544.83 403.70 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 392.30 Td (various ) Tj ET Q q 0 0 0 rg BT 76.78 392.30 Td (factors, ) Tj ET Q q 0 0 0 rg BT 104.50 392.30 Td (including ) Tj ET Q q 0 0 0 rg BT 137.42 392.30 Td (but ) Tj ET Q q 0 0 0 rg BT 150.41 392.30 Td (not ) Tj ET Q q 0 0 0 rg BT 163.41 392.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 188.09 392.30 Td (to, ) Tj ET Q q 0 0 0 rg BT 198.92 392.30 Td (the ) Tj ET Q q 0 0 0 rg BT 211.92 392.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 234.87 392.30 Td (of ) Tj ET Q q 0 0 0 rg BT 243.53 392.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 290.31 392.30 Td (made ) Tj ET Q q 0 0 0 rg BT 311.97 392.30 Td (and ) Tj ET Q q 0 0 0 rg BT 327.13 392.30 Td (contractual ) Tj ET Q q 0 0 0 rg BT 367.41 392.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 388.20 392.30 Td (obligations.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 374.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.05 374.90 Td (method ) Tj ET Q q 0 0 0 rg BT 93.16 374.90 Td (applied ) Tj ET Q q 0 0 0 rg BT 120.41 374.90 Td (by ) Tj ET Q q 0 0 0 rg BT 130.77 374.90 Td (the ) Tj ET Q q 0 0 0 rg BT 143.73 374.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 161.34 374.90 Td ( ) Tj ET Q q 0 0 0 rg BT 163.46 374.90 Td (to ) Tj ET Q q 0 0 0 rg BT 172.09 374.90 Td (calculate ) Tj ET Q q 0 0 0 rg BT 204.55 374.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 227.45 374.90 Td (may ) Tj ET Q q 0 0 0 rg BT 244.29 374.90 Td (dif) Tj ET Q q 0 0 0 rg BT 252.39 374.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 263.61 374.90 Td (from ) Tj ET Q q 0 0 0 rg BT 281.32 374.90 Td (methods ) Tj ET Q q 0 0 0 rg BT 313.33 374.90 Td (applied ) Tj ET Q q 0 0 0 rg BT 340.58 374.90 Td (by ) Tj ET Q q 0 0 0 rg BT 350.93 374.90 Td (other ) Tj ET Q q 0 0 0 rg BT 370.81 374.90 Td (issuers ) Tj ET Q q 0 0 0 rg BT 397.62 374.90 Td (in ) Tj ET Q q 0 0 0 rg BT 405.81 374.90 Td (the ) Tj ET Q q 0 0 0 rg BT 418.77 374.90 Td (real ) Tj ET Q q 0 0 0 rg BT 433.88 374.90 Td (estate ) Tj ET Q q 0 0 0 rg BT 457.24 374.90 Td (industry ) Tj ET Q q 0 0 0 rg BT 486.64 374.90 Td (and ) Tj ET Q q 0 0 0 rg BT 501.77 374.90 Td (dif) Tj ET Q q 0 0 0 rg BT 509.86 374.90 Td (fers ) Tj ET Q q 0 0 0 rg BT 524.98 374.90 Td (from ) Tj ET Q q 0 0 0 rg BT 542.69 374.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 363.50 Td (definition ) Tj ET Q q 0 0 0 rg BT 82.85 363.50 Td (of ) Tj ET Q q 0 0 0 rg BT 91.09 363.50 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 114.04 363.50 Td (as ) Tj ET Q q 0 0 0 rg BT 124.43 363.50 Td (defined ) Tj ET Q q 0 0 0 rg BT 152.16 363.50 Td (by ) Tj ET Q q 0 0 0 rg BT 162.55 363.50 Td (RealP) Tj ET Q q 0 0 0 rg BT 183.20 363.50 Td (AC ) Tj ET Q q 0 0 0 rg BT 196.18 363.50 Td (in ) Tj ET Q q 0 0 0 rg BT 204.41 363.50 Td (its ) Tj ET Q q 0 0 0 rg BT 214.37 363.50 Td (White ) Tj ET Q q 0 0 0 rg BT 236.45 363.50 Td (Paper) Tj ET Q q 0 0 0 rg BT 256.81 363.50 Td (, ) Tj ET Q q 0 0 0 rg BT 261.14 363.50 Td (as ) Tj ET Q q 0 0 0 rg BT 271.54 363.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 296.23 363.50 Td (in ) Tj ET Q q 0 0 0 rg BT 304.45 363.50 Td (February ) Tj ET Q q 0 0 0 rg BT 337.79 363.50 Td (2017. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (The following table reconciles ) Tj ET Q q 0 0 0 rg BT 153.44 346.10 Td (AFFO from cash flow from operating activities: ) Tj ET Q 1 1 1 rg /GS0 gs 50.00 306.60 204.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.00 306.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 479.00 306.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 293.60 204.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.00 293.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 479.00 293.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 280.60 204.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.00 280.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 479.00 280.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 267.60 204.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.00 267.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 479.00 267.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 254.60 204.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.00 254.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 479.00 254.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 241.60 204.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.00 241.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 479.00 241.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 228.60 204.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.00 228.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 479.00 228.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 215.60 204.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.00 215.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 479.00 215.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 202.60 204.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.00 202.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 479.00 202.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 189.60 204.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 329.00 189.60 75.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 479.00 189.60 75.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 335.6 m 254 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 335.6 m 329 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 335.6 m 404 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 335.6 m 479 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 335.6 m 554 335.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 306.6 m 329 306.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 306.6 m 404 306.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 306.6 m 479 306.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 306.6 m 554 306.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 306.6 m 254 306.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 306.6 m 329 306.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 306.6 m 404 306.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 306.6 m 479 306.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 306.6 m 554 306.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 176.60000000000002 m 254 176.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 176.60000000000002 m 329 176.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 176.60000000000002 m 404 176.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 176.60000000000002 m 479 176.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 176.60000000000002 m 554 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 163.60000000000002 m 254 163.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 176.60000000000002 m 329 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 163.60000000000002 m 329 163.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 176.60000000000002 m 404 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 163.60000000000002 m 404 163.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 176.60000000000002 m 479 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 163.60000000000002 m 479 163.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 176.60000000000002 m 554 176.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 163.60000000000002 m 554 163.60000000000002 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 326.13 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 326.13 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 326.13 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 311.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 311.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 311.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 311.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 297.18 Td (Cash flow from operating activities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 297.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 297.23 Td (19,642) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 297.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 297.18 Td (15,322) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 297.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 297.18 Td (41,572) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 297.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 297.18 Td (36,667) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 284.18 Td (Add \(deduct\):) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 271.18 Td (W) Tj ET Q q 0 0 0 rg BT 59.79 271.18 Td (orking capital items) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.80 271.23 Td (\(9,954) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 271.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 271.18 Td (\(6,371) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 271.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 271.18 Td (\(3,831) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 271.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 271.18 Td (\(4,917) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 271.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 258.18 Td (Principal repayments on finance lease receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 258.18 Td (561) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 258.18 Td (527) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 258.18 Td (2,191) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 258.18 Td (2,058) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 245.18 Td (Distributions paid to Class B LP) Tj ET Q q 0 0 0 rg BT 161.56 245.18 Td ( unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 245.18 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 245.18 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 245.18 Td (3,964) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 245.18 Td (3,964) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 232.18 Td (Subscription receipts equivalent amount ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 192.82 234.61 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.10 232.23 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.10 232.18 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 232.18 Td (926) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 232.18 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 219.18 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.10 219.23 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 219.18 Td (101) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 219.18 Td (146) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 219.18 Td (322) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 206.18 Td (Interest rate subsidy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 206.18 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 206.18 Td (108) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 206.18 Td (432) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 206.18 Td (216) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 193.18 Td (Guaranteed income supplements) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.20 193.18 Td (40) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 193.18 Td (628) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 193.18 Td (1,348) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 193.18 Td (1,574) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 180.18 Td (Normalized direct leasing and capital costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.80 180.23 Td (\(1,860) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 180.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 180.18 Td (\(1,569) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 180.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 180.18 Td (\(7,021) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 180.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 180.18 Td (\(5,613) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 180.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 167.18 Td (AFFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 167.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 167.18 Td (9,528) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 167.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 167.18 Td (9,737) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 167.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 167.18 Td (39,727) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 167.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 167.18 Td (34,271) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 155.10 Td (\(1\) On ) Tj ET Q q 0 0 0 rg BT 68.31 155.10 Td (April 25, 2017 each subscription receipt issued by the REIT) Tj ET Q q 0 0 0 rg BT 229.58 155.10 Td ( on March 15, 2017 was exchanged for one unit and a cash distribution equivalent payment of $0.0625 \(being equal to ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (the aggregate amount of distributions paid by the REIT) Tj ET Q q 0 0 0 rg BT 198.48 146.10 Td ( per unit for which record dates occurred between March 15, 2017 and ) Tj ET Q q 0 0 0 rg BT 391.33 146.10 Td (April 25, 2017\). ) Tj ET Q q 0 0 0 rg BT 434.64 146.10 Td (The cash distribution equivalent payment of ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 137.10 Td ($0.9 million) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 80.61 137.10 Td ( has been recorded in interest and finance costs.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 18) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 116.63 742.10 Td (reconciles ) Tj ET Q q 0 0 0 rg BT 153.44 742.10 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 176.39 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 194.13 742.10 Td (NOI: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 725.6 m 253 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 725.6 m 328 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 725.6 m 403 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 725.6 m 478 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 725.6 m 553 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 696.6 m 253 696.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 696.6 m 328 696.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328 696.6 m 403 696.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403 696.6 m 478 696.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 696.6 m 553 696.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 696.6 m 328 696.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328 696.6 m 403 696.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403 696.6 m 478 696.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 696.6 m 553 696.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 592.6 m 328 592.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328 592.6 m 403 592.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403 592.6 m 478 592.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 592.6 m 553 592.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 592.6 m 253 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 579.6 m 253 579.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 592.6 m 328 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 579.6 m 328 579.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 328 592.6 m 403 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 579.6 m 403 579.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403 592.6 m 478 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 579.6 m 478 579.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 592.6 m 553 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 579.6 m 553 579.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 276.50 716.13 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.80 716.13 Td (Y) Tj ET Q q 0 0 0 rg BT 463.64 716.13 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 307.15 701.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.15 701.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.15 701.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 701.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 687.18 Td (Net operating income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 687.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.05 687.23 Td (18,489) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.50 687.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.05 687.18 Td (15,065) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 405.50 687.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.05 687.18 Td (68,835) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.50 687.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 687.18 Td (54,045) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 674.18 Td (Add \(deduct\):) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 661.18 Td (General and administrative) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.80 661.23 Td (\(1,789) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 324.90 661.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.80 661.18 Td (\(1,075) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.90 661.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.80 661.18 Td (\(5,754) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.90 661.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 661.18 Td (\(4,205) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 661.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 648.18 Td (Finance lease payments received) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.40 648.18 Td (1,525) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.40 648.18 Td (1,525) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.40 648.18 Td (6,099) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 648.18 Td (6,099) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 635.18 Td (Cash interest) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.80 635.23 Td (\(6,985) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 324.90 635.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.80 635.18 Td (\(4,945) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.90 635.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.45 635.18 Td (\(24,212) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.90 635.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 523.45 635.18 Td (\(17,845) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 635.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 622.18 Td (Interest rate subsidy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.90 622.18 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.90 622.18 Td (108) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.90 622.18 Td (432) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.90 622.18 Td (216) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 609.18 Td (Guaranteed income supplements) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.20 609.18 Td (40) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.90 609.18 Td (628) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.40 609.18 Td (1,348) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 609.18 Td (1,574) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 596.18 Td (Normalized direct leasing and capital costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.80 596.23 Td (\(1,860) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 324.90 596.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.80 596.18 Td (\(1,569) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.90 596.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.80 596.18 Td (\(7,021) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.90 596.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 596.18 Td (\(5,613) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 596.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 583.18 Td (AFFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 583.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.40 583.18 Td (9,528) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.50 583.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.40 583.18 Td (9,737) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 405.50 583.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.05 583.18 Td (39,727) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.50 583.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 583.18 Td (34,271) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 562.70 Td (A) Tj ET Q q 0 0 0 rg BT 54.27 562.70 Td ( reconciliation of Core-FFO to ) Tj ET Q q 0 0 0 rg BT 158.20 562.70 Td (AFFO is as follows:) Tj ET Q 1 1 1 rg /GS0 gs 254.00 411.20 75.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 404.00 411.20 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 552.2 m 254 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 552.2 m 329 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 552.2 m 404 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 552.2 m 479 552.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 552.2 m 554 552.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 523.2 m 254 523.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 523.2 m 329 523.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 523.2 m 404 523.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 523.2 m 479 523.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 523.2 m 554 523.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 523.2 m 329 523.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 523.2 m 404 523.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 523.2 m 479 523.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 523.2 m 554 523.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 411.2 m 254 411.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 397.2 m 254 397.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 411.2 m 329 411.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 397.2 m 329 397.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 411.2 m 404 411.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 397.2 m 404 397.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 411.2 m 479 411.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 397.2 m 479 397.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 411.2 m 554 411.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 397.2 m 554 397.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 369.2 m 254 369.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 369.2 m 329 369.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 369.2 m 404 369.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 369.2 m 479 369.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 369.2 m 554 369.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 369.2 m 404 369.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 369.2 m 479 369.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 369.2 m 554 369.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 341.2 m 254 341.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 341.2 m 329 341.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 341.2 m 404 341.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 341.2 m 479 341.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 341.2 m 554 341.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 541.73 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 541.73 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 541.73 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 527.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 527.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.15 527.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 527.73 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 513.78 Td (Core-FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 513.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 513.78 Td (1) Tj ET Q q 0 0 0 rg BT 306.38 513.78 Td (1,782) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 513.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 513.73 Td (1) Tj ET Q q 0 0 0 rg BT 381.38 513.73 Td (1,177) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 513.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 513.73 Td (46,684) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 513.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 513.73 Td (39,948) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 499.78 Td (Add \(deduct\):) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 485.78 Td (Amortization of deferred transaction costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 485.73 Td (508) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 485.73 Td (304) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 485.73 Td (1,845) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 485.73 Td (1,159) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 471.78 Td (Amortization of debt mark-to-market adjustments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 471.78 Td (\(151) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 471.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.30 471.73 Td (\(127) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 471.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.30 471.73 Td (\(562) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 471.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 471.73 Td (\(294) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 471.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 457.78 Td (Amortization of straight-line rent) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 457.78 Td (\(899) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 457.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.30 457.73 Td (\(784) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 457.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 457.73 Td (\(2,999) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 457.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 457.73 Td (\(2,719) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 457.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 443.78 Td (Interest rate subsidy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 443.73 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 443.73 Td (108) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 443.73 Td (432) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 443.73 Td (216) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 429.78 Td (Guaranteed income supplements) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.20 429.73 Td (40) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 429.73 Td (628) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 429.73 Td (1,348) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 429.73 Td (1,574) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 415.78 Td (Normalized direct leasing and capital costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.80 415.78 Td (\(1,860) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 415.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 415.73 Td (\(1,569) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 415.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 415.73 Td (\(7,021) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 415.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 415.73 Td (\(5,613) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 415.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 401.78 Td (AFFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 401.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 401.73 Td (9,528) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 401.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 401.73 Td (9,737) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 401.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 401.73 Td (39,727) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 401.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 401.73 Td (34,271) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 373.78 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 373.78 Td (eighted average number of units outstanding ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 216.09 376.21 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 373.78 Td (62,266) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 373.73 Td (46,071) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 373.73 Td (57,153) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 373.73 Td (39,653) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 345.78 Td (AFFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 345.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.70 345.73 Td (0.15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 345.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.70 345.73 Td (0.21) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 345.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.70 345.73 Td (0.70) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 345.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 345.73 Td (0.86) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 329.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.73 329.70 Td (Represents ) Tj ET Q q 0 0 0 rg BT 91.89 329.70 Td (the ) Tj ET Q q 0 0 0 rg BT 102.15 329.70 Td (diluted ) Tj ET Q q 0 0 0 rg BT 121.98 329.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 148.31 329.70 Td (average ) Tj ET Q q 0 0 0 rg BT 172.25 329.70 Td (number ) Tj ET Q q 0 0 0 rg BT 194.81 329.70 Td (of ) Tj ET Q q 0 0 0 rg BT 201.65 329.70 Td (units ) Tj ET Q q 0 0 0 rg BT 216.36 329.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 249.87 329.70 Td (and ) Tj ET Q q 0 0 0 rg BT 261.84 329.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 286.12 329.70 Td (the ) Tj ET Q q 0 0 0 rg BT 296.38 329.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 322.71 329.70 Td (average ) Tj ET Q q 0 0 0 rg BT 346.65 329.70 Td (of ) Tj ET Q q 0 0 0 rg BT 353.49 329.70 Td (all ) Tj ET Q q 0 0 0 rg BT 361.35 329.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 375.25 329.70 Td ( ) Tj ET Q q 0 0 0 rg BT 376.96 329.70 Td (units, ) Tj ET Q q 0 0 0 rg BT 393.38 329.70 Td (DUP) Tj ET Q q 0 0 0 rg BT 406.25 329.70 Td ( ) Tj ET Q q 0 0 0 rg BT 407.96 329.70 Td (units ) Tj ET Q q 0 0 0 rg BT 422.66 329.70 Td (and ) Tj ET Q q 0 0 0 rg BT 434.64 329.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 451.72 329.70 Td (B ) Tj ET Q q 0 0 0 rg BT 457.54 329.70 Td (LP) Tj ET Q q 0 0 0 rg BT 464.95 329.70 Td ( ) Tj ET Q q 0 0 0 rg BT 466.66 329.70 Td (units.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 308.70 Td (For ) Tj ET Q q 0 0 0 rg BT 63.61 308.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.88 308.70 Td (three ) Tj ET Q q 0 0 0 rg BT 97.06 308.70 Td (months ) Tj ET Q q 0 0 0 rg BT 125.04 308.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 149.14 308.70 Td (December ) Tj ET Q q 0 0 0 rg BT 187.50 308.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 200.76 308.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.09 308.70 Td (, ) Tj ET Q q 0 0 0 rg BT 222.21 308.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 245.41 308.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 261.69 308.70 Td ($9.5 ) Tj ET Q q 0 0 0 rg BT 279.29 308.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 301.36 308.70 Td ( ) Tj ET Q q 0 0 0 rg BT 303.79 308.70 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 313.15 308.70 Td ($0.15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.65 308.70 Td ( ) Tj ET Q q 0 0 0 rg BT 335.07 308.70 Td (per ) Tj ET Q q 0 0 0 rg BT 348.76 308.70 Td (unit, ) Tj ET Q q 0 0 0 rg BT 365.92 308.70 Td (whereas ) Tj ET Q q 0 0 0 rg BT 397.31 308.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 420.52 308.70 Td (for ) Tj ET Q q 0 0 0 rg BT 432.04 308.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 445.30 308.70 Td (three ) Tj ET Q q 0 0 0 rg BT 465.49 308.70 Td (months ) Tj ET Q q 0 0 0 rg BT 493.47 308.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 517.56 308.70 Td (December ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 297.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 62.80 297.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 80.13 297.30 Td ( ) Tj ET Q q 0 0 0 rg BT 82.61 297.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 98.93 297.30 Td ($9.7 ) Tj ET Q q 0 0 0 rg BT 116.57 297.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 138.64 297.30 Td ( ) Tj ET Q q 0 0 0 rg BT 141.11 297.30 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 150.51 297.30 Td ($0.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 170.01 297.30 Td ( ) Tj ET Q q 0 0 0 rg BT 172.48 297.30 Td (per ) Tj ET Q q 0 0 0 rg BT 186.21 297.30 Td (unit, ) Tj ET Q q 0 0 0 rg BT 203.41 297.30 Td (representing ) Tj ET Q q 0 0 0 rg BT 249.19 297.30 Td (a ) Tj ET Q q 0 0 0 rg BT 256.00 297.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 290.52 297.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.49 297.30 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 317.13 297.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.20 297.30 Td ( ) Tj ET Q q 0 0 0 rg BT 341.67 297.30 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 351.07 297.30 Td ($0.06) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 370.57 297.30 Td ( ) Tj ET Q q 0 0 0 rg BT 373.04 297.30 Td (per ) Tj ET Q q 0 0 0 rg BT 386.77 297.30 Td (unit. ) Tj ET Q q 0 0 0 rg BT 403.97 297.30 Td (During ) Tj ET Q q 0 0 0 rg BT 429.39 297.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.69 297.30 Td (year ) Tj ET Q q 0 0 0 rg BT 460.32 297.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 484.45 297.30 Td (December ) Tj ET Q q 0 0 0 rg BT 522.86 297.30 Td (31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.69 297.30 Td ( ) Tj ET Q q 0 0 0 rg BT 536.16 297.30 Td (2017 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 285.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 72.46 285.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 108.42 285.90 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 118.83 285.90 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 136.17 285.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 158.25 285.90 Td ( ) Tj ET Q q 0 0 0 rg BT 160.43 285.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 169.11 285.90 Td ($39.7 ) Tj ET Q q 0 0 0 rg BT 190.78 285.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 212.86 285.90 Td ( ) Tj ET Q q 0 0 0 rg BT 215.04 285.90 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 232.80 285.90 Td ($34.3 ) Tj ET Q q 0 0 0 rg BT 254.48 285.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 276.56 285.90 Td ( ) Tj ET Q q 0 0 0 rg BT 278.74 285.90 Td (and ) Tj ET Q q 0 0 0 rg BT 293.91 285.90 Td (decreased ) Tj ET Q q 0 0 0 rg BT 332.47 285.90 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.88 285.90 Td ($0.16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 362.38 285.90 Td ( ) Tj ET Q q 0 0 0 rg BT 364.56 285.90 Td (per ) Tj ET Q q 0 0 0 rg BT 378.00 285.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 392.74 285.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.42 285.90 Td ($0.70) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 420.92 285.90 Td ( ) Tj ET Q q 0 0 0 rg BT 423.10 285.90 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.86 285.90 Td ($0.86) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.36 285.90 Td (. ) Tj ET Q q 0 0 0 rg BT 464.27 285.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 487.23 285.90 Td (has ) Tj ET Q q 0 0 0 rg BT 501.97 285.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 537.93 285.90 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 274.50 Td (the ) Tj ET Q q 0 0 0 rg BT 62.29 274.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 97.60 274.50 Td (contribution ) Tj ET Q q 0 0 0 rg BT 139.84 274.50 Td (to ) Tj ET Q q 0 0 0 rg BT 148.29 274.50 Td (NOI ) Tj ET Q q 0 0 0 rg BT 164.10 274.50 Td (from ) Tj ET Q q 0 0 0 rg BT 181.64 274.50 Td (the ) Tj ET Q q 0 0 0 rg BT 194.43 274.50 Td (completion ) Tj ET Q q 0 0 0 rg BT 234.07 274.50 Td (of ) Tj ET Q q 0 0 0 rg BT 242.52 274.50 Td (the ) Tj ET Q q 0 0 0 rg BT 255.31 274.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 294.09 274.50 Td (of ) Tj ET Q q 0 0 0 rg BT 302.54 274.50 Td (the ) Tj ET Q q 0 0 0 rg BT 315.33 274.50 Td (W) Tj ET Q q 0 0 0 rg BT 322.55 274.50 Td (est ) Tj ET Q q 0 0 0 rg BT 334.90 274.50 Td (Metro ) Tj ET Q q 0 0 0 rg BT 356.78 274.50 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 393.37 274.50 Td (Centre ) Tj ET Q q 0 0 0 rg BT 418.71 274.50 Td (and ) Tj ET Q q 0 0 0 rg BT 433.67 274.50 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 473.71 274.50 Td (W) Tj ET Q q 0 0 0 rg BT 480.93 274.50 Td (est, ) Tj ET Q q 0 0 0 rg BT 495.45 274.50 Td (in ) Tj ET Q q 0 0 0 rg BT 503.47 274.50 Td (Etobicoke, ) Tj ET Q q 0 0 0 rg BT 541.81 274.50 Td (ON ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.01 263.10 Td (250 ) Tj ET Q q 0 0 0 rg BT 80.52 263.10 Td (King ) Tj ET Q q 0 0 0 rg BT 98.63 263.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 121.93 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.44 263.10 Td (460 ) Tj ET Q q 0 0 0 rg BT 152.79 263.10 Td (T) Tj ET Q q 0 0 0 rg BT 157.13 263.10 Td (wo ) Tj ET Q q 0 0 0 rg BT 169.59 263.10 Td (Nations ) Tj ET Q q 0 0 0 rg BT 198.52 263.10 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 231.77 263.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.35 263.10 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 284.43 263.10 Td (NB ) Tj ET Q q 0 0 0 rg BT 297.76 263.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.34 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.68 263.10 Td (second ) Tj ET Q q 0 0 0 rg BT 347.32 263.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 374.52 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.53 263.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 405.38 263.10 Td (The ) Tj ET Q q 0 0 0 rg BT 421.32 263.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 455.02 263.10 Td (average ) Tj ET Q q 0 0 0 rg BT 485.68 263.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 525.44 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.46 263.10 Td (these ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 251.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 88.70 251.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 125.72 251.70 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.73 251.70 Td (88.4%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 155.82 251.70 Td ( ) Tj ET Q q 0 0 0 rg BT 158.21 251.70 Td (and ) Tj ET Q q 0 0 0 rg BT 173.59 251.70 Td (have ) Tj ET Q q 0 0 0 rg BT 192.86 251.70 Td (contributed ) Tj ET Q q 0 0 0 rg BT 233.80 251.70 Td (positively ) Tj ET Q q 0 0 0 rg BT 268.22 251.70 Td (to ) Tj ET Q q 0 0 0 rg BT 277.11 251.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 311.98 251.70 Td (results ) Tj ET Q q 0 0 0 rg BT 337.31 251.70 Td (during ) Tj ET Q q 0 0 0 rg BT 361.34 251.70 Td (the ) Tj ET Q q 0 0 0 rg BT 374.56 251.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 401.63 251.70 Td (and ) Tj ET Q q 0 0 0 rg BT 417.01 251.70 Td (year ) Tj ET Q q 0 0 0 rg BT 434.54 251.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 458.59 251.70 Td (December ) Tj ET Q q 0 0 0 rg BT 496.90 251.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 510.12 251.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 531.85 251.70 Td (These ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 240.30 Td (increases ) Tj ET Q q 0 0 0 rg BT 84.21 240.30 Td (to ) Tj ET Q q 0 0 0 rg BT 92.07 240.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 107.29 240.30 Td (were ) Tj ET Q q 0 0 0 rg BT 125.53 240.30 Td (of) Tj ET Q q 0 0 0 rg BT 131.89 240.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 145.82 240.30 Td (by ) Tj ET Q q 0 0 0 rg BT 155.41 240.30 Td (the ) Tj ET Q q 0 0 0 rg BT 167.61 240.30 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 188.45 240.30 Td (Place ) Tj ET Q q 0 0 0 rg BT 209.30 240.30 Td (headlease ) Tj ET Q q 0 0 0 rg BT 246.62 240.30 Td (expiry ) Tj ET Q q 0 0 0 rg BT 268.76 240.30 Td (in ) Tj ET Q q 0 0 0 rg BT 276.19 240.30 Td (June ) Tj ET Q q 0 0 0 rg BT 294.45 240.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 315.31 240.30 Td (which ) Tj ET Q q 0 0 0 rg BT 336.59 240.30 Td (decreased ) Tj ET Q q 0 0 0 rg BT 374.33 240.30 Td (the ) Tj ET Q q 0 0 0 rg BT 386.53 240.30 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 427.31 240.30 Td (income ) Tj ET Q q 0 0 0 rg BT 453.79 240.30 Td (supplement ) Tj ET Q q 0 0 0 rg BT 495.43 240.30 Td (by ) Tj ET Q q 0 0 0 rg BT 505.02 240.30 Td (approximately ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 228.90 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 66.47 228.90 Td (million ) Tj ET Q q 0 0 0 rg BT 90.35 228.90 Td (per ) Tj ET Q q 0 0 0 rg BT 103.41 228.90 Td (quarter) Tj ET Q q 0 0 0 rg BT 127.67 228.90 Td (. ) Tj ET Q q 0 0 0 rg BT 131.64 228.90 Td (During ) Tj ET Q q 0 0 0 rg BT 156.39 228.90 Td (the ) Tj ET Q q 0 0 0 rg BT 169.02 228.90 Td (quarter) Tj ET Q q 0 0 0 rg BT 193.28 228.90 Td (, ) Tj ET Q q 0 0 0 rg BT 197.25 228.90 Td (a ) Tj ET Q q 0 0 0 rg BT 203.39 228.90 Td (blend ) Tj ET Q q 0 0 0 rg BT 224.25 228.90 Td (and ) Tj ET Q q 0 0 0 rg BT 239.06 228.90 Td (extend ) Tj ET Q q 0 0 0 rg BT 264.25 228.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 284.68 228.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 324.60 228.90 Td (was ) Tj ET Q q 0 0 0 rg BT 340.26 228.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 378.01 228.90 Td (at ) Tj ET Q q 0 0 0 rg BT 386.31 228.90 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 407.59 228.90 Td (Place ) Tj ET Q q 0 0 0 rg BT 428.89 228.90 Td (with ) Tj ET Q q 0 0 0 rg BT 444.54 228.90 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 465.83 228.90 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 480.19 228.90 Td (that ) Tj ET Q q 0 0 0 rg BT 495.00 228.90 Td (commences ) Tj ET Q q 0 0 0 rg BT 538.80 228.90 Td (May ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 217.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 58.28 217.50 Td (2018 ) Tj ET Q q 0 0 0 rg BT 77.89 217.50 Td (and ) Tj ET Q q 0 0 0 rg BT 93.17 217.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 124.03 217.50 Td (an ) Tj ET Q q 0 0 0 rg BT 134.98 217.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 170.61 217.50 Td (1) Tj ET Q q 0 0 0 rg BT 174.38 217.50 Td (1,036 ) Tj ET Q q 0 0 0 rg BT 196.15 217.50 Td (square ) Tj ET Q q 0 0 0 rg BT 222.25 217.50 Td (feet ) Tj ET Q q 0 0 0 rg BT 237.53 217.50 Td (of ) Tj ET Q q 0 0 0 rg BT 246.31 217.50 Td (space ) Tj ET Q q 0 0 0 rg BT 269.38 217.50 Td (on ) Tj ET Q q 0 0 0 rg BT 280.33 217.50 Td (a ) Tj ET Q q 0 0 0 rg BT 286.94 217.50 Td (10 ) Tj ET Q q 0 0 0 rg BT 297.89 217.50 Td (year ) Tj ET Q q 0 0 0 rg BT 315.32 217.50 Td (term ) Tj ET Q q 0 0 0 rg BT 333.19 217.50 Td (and ) Tj ET Q q 0 0 0 rg BT 348.46 217.50 Td (also ) Tj ET Q q 0 0 0 rg BT 365.04 217.50 Td (extends ) Tj ET Q q 0 0 0 rg BT 394.61 217.50 Td (the ) Tj ET Q q 0 0 0 rg BT 407.72 217.50 Td (maturity ) Tj ET Q q 0 0 0 rg BT 437.71 217.50 Td (of ) Tj ET Q q 0 0 0 rg BT 446.49 217.50 Td (the ) Tj ET Q q 0 0 0 rg BT 459.60 217.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 488.30 217.50 Td (23,040 ) Tj ET Q q 0 0 0 rg BT 514.41 217.50 Td (square ) Tj ET Q q 0 0 0 rg BT 540.51 217.50 Td (feet ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (for ) Tj ET Q q 0 0 0 rg BT 60.71 206.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 111.32 206.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 117.76 206.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 153.23 206.10 Td (years ) Tj ET Q q 0 0 0 rg BT 174.39 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.00 206.10 Td (be ) Tj ET Q q 0 0 0 rg BT 193.78 206.10 Td (co-terminus ) Tj ET Q q 0 0 0 rg BT 236.59 206.10 Td (with ) Tj ET Q q 0 0 0 rg BT 252.55 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.50 206.10 Td (new ) Tj ET Q q 0 0 0 rg BT 281.90 206.10 Td (space. ) Tj ET Q q 0 0 0 rg BT 306.97 206.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.08 206.10 Td (With ) Tj ET Q q 0 0 0 rg BT 326.78 206.10 Td (this ) Tj ET Q q 0 0 0 rg BT 341.02 206.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 383.41 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.35 206.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 413.96 206.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.07 206.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 441.14 206.10 Td (16,746 ) Tj ET Q q 0 0 0 rg BT 467.08 206.10 Td (square ) Tj ET Q q 0 0 0 rg BT 493.02 206.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 508.13 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.74 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.68 206.10 Td (47,332 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 194.70 Td (square ) Tj ET Q q 0 0 0 rg BT 75.49 194.70 Td (foot ) Tj ET Q q 0 0 0 rg BT 90.65 194.70 Td (headlease ) Tj ET Q q 0 0 0 rg BT 128.77 194.70 Td (that ) Tj ET Q q 0 0 0 rg BT 143.94 194.70 Td (expired ) Tj ET Q q 0 0 0 rg BT 171.65 194.70 Td (June ) Tj ET Q q 0 0 0 rg BT 190.71 194.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 203.71 194.70 Td (2017.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 177.30 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 72.44 177.30 Td (per ) Tj ET Q q 0 0 0 rg BT 85.87 177.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 100.60 177.30 Td (has ) Tj ET Q q 0 0 0 rg BT 115.32 177.30 Td (decreased ) Tj ET Q q 0 0 0 rg BT 153.87 177.30 Td (from ) Tj ET Q q 0 0 0 rg BT 171.62 177.30 Td (the ) Tj ET Q q 0 0 0 rg BT 184.62 177.30 Td (comparable ) Tj ET Q q 0 0 0 rg BT 227.49 177.30 Td (period ) Tj ET Q q 0 0 0 rg BT 251.31 177.30 Td (as ) Tj ET Q q 0 0 0 rg BT 261.71 177.30 Td (a ) Tj ET Q q 0 0 0 rg BT 268.21 177.30 Td (result ) Tj ET Q q 0 0 0 rg BT 289.42 177.30 Td (of ) Tj ET Q q 0 0 0 rg BT 298.09 177.30 Td (the ) Tj ET Q q 0 0 0 rg BT 311.09 177.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 334.04 177.30 Td (of) Tj ET Q q 0 0 0 rg BT 340.41 177.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 362.06 177.30 Td (in ) Tj ET Q q 0 0 0 rg BT 370.29 177.30 Td (March ) Tj ET Q q 0 0 0 rg BT 394.10 177.30 Td (2017. ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 19) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 104.92 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.43 742.10 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 134.35 742.10 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 172.43 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.17 742.10 Td (AFFO) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 724.70 Td (A) Tj ET Q q 0 0 0 rg BT 54.27 724.70 Td ( ) Tj ET Q q 0 0 0 rg BT 56.44 724.70 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 104.07 724.70 Td (of ) Tj ET Q q 0 0 0 rg BT 112.74 724.70 Td (net ) Tj ET Q q 0 0 0 rg BT 125.73 724.70 Td (income ) Tj ET Q q 0 0 0 rg BT 153.02 724.70 Td (to ) Tj ET Q q 0 0 0 rg BT 161.68 724.70 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 181.60 724.70 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 218.82 724.70 Td (and ) Tj ET Q q 0 0 0 rg BT 233.55 724.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 256.50 724.70 Td (is ) Tj ET Q q 0 0 0 rg BT 264.29 724.70 Td (as ) Tj ET Q q 0 0 0 rg BT 274.69 724.70 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 708.2 m 254 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 708.2 m 329 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 708.2 m 404 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 708.2 m 479 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 708.2 m 554 708.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 680.2 m 254 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 680.2 m 329 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 680.2 m 404 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 680.2 m 479 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 680.2 m 554 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 680.2 m 329 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 680.2 m 404 680.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 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/F2 9.50 Tf ET q 0 0 0 rg BT 325.90 462.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.30 462.78 Td (\(784) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 462.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 462.78 Td (\(2,999) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 462.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 462.78 Td (\(2,719) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 462.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 449.78 Td (Interest rate subsidy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 449.78 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 449.78 Td (108) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 449.78 Td (432) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 449.78 Td (216) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 436.78 Td (Guaranteed income supplements) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.20 436.78 Td (40) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 436.78 Td (628) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 436.78 Td (1,348) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 436.78 Td (1,574) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 423.78 Td (Normalized direct leasing and capital costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.80 423.83 Td (\(1,860) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 423.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 423.78 Td (\(1,569) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 423.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 423.78 Td (\(7,021) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 423.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 423.78 Td (\(5,613) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 423.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 410.78 Td (AFFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 410.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 410.78 Td (9,528) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 410.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 410.78 Td (9,737) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 410.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 410.78 Td (39,727) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 410.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 410.78 Td (34,271) Tj ET Q BT /F3 7.50 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 398.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.81 398.70 Td (On ) Tj ET Q q 0 0 0 rg BT 68.45 398.70 Td (April ) Tj ET Q q 0 0 0 rg BT 82.54 398.70 Td (25, ) Tj ET Q q 0 0 0 rg BT 92.88 398.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 108.36 398.70 Td (each ) Tj ET Q q 0 0 0 rg BT 123.48 398.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 158.10 398.70 Td (receipt ) Tj ET Q q 0 0 0 rg BT 178.35 398.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 197.92 398.70 Td (by ) Tj ET Q q 0 0 0 rg BT 206.21 398.70 Td (the ) Tj ET Q q 0 0 0 rg BT 216.55 398.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 230.45 398.70 Td ( ) Tj ET Q q 0 0 0 rg BT 232.24 398.70 Td (on ) Tj ET Q q 0 0 0 rg BT 240.87 398.70 Td (March ) Tj ET Q q 0 0 0 rg BT 259.75 398.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 270.09 398.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 285.56 398.70 Td (was ) Tj ET Q q 0 0 0 rg BT 298.29 398.70 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 330.17 398.70 Td (for ) Tj ET Q q 0 0 0 rg BT 339.14 398.70 Td (one ) Tj ET Q q 0 0 0 rg BT 351.20 398.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 362.90 398.70 Td (and ) Tj ET Q q 0 0 0 rg BT 374.96 398.70 Td (a ) Tj ET Q q 0 0 0 rg BT 380.17 398.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 394.95 398.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 426.49 398.70 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 456.32 398.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 481.70 398.70 Td (of ) Tj ET Q q 0 0 0 rg BT 488.62 398.70 Td ($0.0625 ) Tj ET Q q 0 0 0 rg BT 512.64 398.70 Td (\(being ) Tj ET Q q 0 0 0 rg BT 531.53 398.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 548.37 398.70 Td (to ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 389.70 Td (the ) Tj ET Q q 0 0 0 rg BT 59.77 389.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 89.19 389.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 111.42 389.70 Td (of ) Tj ET Q q 0 0 0 rg BT 118.27 389.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 152.81 389.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 166.15 389.70 Td (by ) Tj ET Q q 0 0 0 rg BT 174.37 389.70 Td (the ) Tj ET Q q 0 0 0 rg BT 184.64 389.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 198.54 389.70 Td ( ) Tj ET Q q 0 0 0 rg BT 200.26 389.70 Td (per ) Tj ET Q q 0 0 0 rg BT 210.86 389.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 222.50 389.70 Td (for ) Tj ET Q q 0 0 0 rg BT 231.39 389.70 Td (which ) Tj ET Q q 0 0 0 rg BT 248.83 389.70 Td (record ) Tj ET Q q 0 0 0 rg BT 267.98 389.70 Td (dates ) Tj ET Q q 0 0 0 rg BT 284.75 389.70 Td (occurred ) Tj ET Q q 0 0 0 rg BT 310.40 389.70 Td (between ) Tj ET Q q 0 0 0 rg BT 335.36 389.70 Td (March ) Tj ET Q q 0 0 0 rg BT 354.17 389.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 364.44 389.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 379.84 389.70 Td (and ) Tj ET Q q 0 0 0 rg BT 391.48 389.70 Td (April ) Tj ET Q q 0 0 0 rg BT 405.50 389.70 Td (25, ) Tj ET Q q 0 0 0 rg BT 415.77 389.70 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 434.82 389.70 Td (The ) Tj ET Q q 0 0 0 rg BT 447.13 389.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 461.84 389.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 493.31 389.70 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 523.07 389.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 548.38 389.70 Td (of ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 380.70 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 63.18 380.70 Td (million) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 80.61 380.70 Td ( ) Tj ET Q q 0 0 0 rg BT 82.32 380.70 Td (has ) Tj ET Q q 0 0 0 rg BT 93.95 380.70 Td (been ) Tj ET Q q 0 0 0 rg BT 109.34 380.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 135.32 380.70 Td (in ) Tj ET Q q 0 0 0 rg BT 141.82 380.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 163.70 380.70 Td (and ) Tj ET Q q 0 0 0 rg BT 175.68 380.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 197.22 380.70 Td (costs.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 363.30 Td (The following is FFO, Core-FFO and ) Tj ET Q q 0 0 0 rg BT 177.23 363.30 Td (AFFO expressed on a per unit basis:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 352.8 m 254 352.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 352.8 m 329 352.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 352.8 m 404 352.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 352.8 m 479 352.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 352.8 m 554 352.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 326.8 m 254 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 326.8 m 329 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 326.8 m 404 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 326.8 m 479 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 326.8 m 554 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 326.8 m 329 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 326.8 m 404 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 326.8 m 479 326.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 326.8 m 554 326.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 287.8 m 254 287.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 287.8 m 329 287.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 287.8 m 404 287.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 287.8 m 479 287.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 287.8 m 554 287.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 343.38 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 343.38 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 343.38 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 330.38 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 330.38 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 330.38 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 330.38 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 317.38 Td (FFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 317.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.70 317.38 Td (0.18) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 317.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.70 317.38 Td (0.23) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 317.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.70 317.38 Td (0.78) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 317.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 317.38 Td (0.96) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 304.38 Td (Core FFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.70 304.38 Td (0.19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.70 304.38 Td (0.24) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.70 304.38 Td (0.82) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 304.38 Td (1.01) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 291.38 Td (AFFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 291.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.70 291.38 Td (0.15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 291.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.70 291.38 Td (0.21) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 291.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.70 291.38 Td (0.70) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 291.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 291.38 Td (0.86) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 270.90 Td (DISTRIBUTIONS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 253.50 Td (During ) Tj ET Q q 0 0 0 rg BT 74.77 253.50 Td (the ) Tj ET Q q 0 0 0 rg BT 87.93 253.50 Td (year) Tj ET Q q 0 0 0 rg BT 102.66 253.50 Td (, ) Tj ET Q q 0 0 0 rg BT 107.15 253.50 Td (the ) Tj ET Q q 0 0 0 rg BT 120.31 253.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 137.92 253.50 Td ( ) Tj ET Q q 0 0 0 rg BT 140.25 253.50 Td (paid ) Tj ET Q q 0 0 0 rg BT 157.31 253.50 Td (monthly ) Tj ET Q q 0 0 0 rg BT 186.92 253.50 Td (distributions ) Tj ET Q q 0 0 0 rg BT 230.82 253.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 252.21 253.50 Td (to ) Tj ET Q q 0 0 0 rg BT 261.03 253.50 Td ($0.0625 ) Tj ET Q q 0 0 0 rg BT 291.52 253.50 Td (per ) Tj ET Q q 0 0 0 rg BT 305.11 253.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 320.00 253.50 Td (which ) Tj ET Q q 0 0 0 rg BT 342.24 253.50 Td (is ) Tj ET Q q 0 0 0 rg BT 350.20 253.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 371.58 253.50 Td (to ) Tj ET Q q 0 0 0 rg BT 380.41 253.50 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 413.05 253.50 Td (distributions ) Tj ET Q q 0 0 0 rg BT 456.95 253.50 Td (of ) Tj ET Q q 0 0 0 rg BT 465.78 253.50 Td ($0.1875 ) Tj ET Q q 0 0 0 rg BT 496.27 253.50 Td (per ) Tj ET Q q 0 0 0 rg BT 509.85 253.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 524.75 253.50 Td (or ) Tj ET Q q 0 0 0 rg BT 534.00 253.50 Td ($0.75 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (per ) Tj ET Q q 0 0 0 rg BT 62.76 242.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 77.33 242.10 Td (on ) Tj ET Q q 0 0 0 rg BT 88.00 242.10 Td (an ) Tj ET Q q 0 0 0 rg BT 98.67 242.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 138.36 242.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 160.72 242.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 205.59 242.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 222.32 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.82 242.10 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 270.94 242.10 Td (are ) Tj ET Q q 0 0 0 rg BT 284.20 242.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 300.94 242.10 Td (at ) Tj ET Q q 0 0 0 rg BT 309.44 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.28 242.10 Td (same ) Tj ET Q q 0 0 0 rg BT 343.33 242.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 358.76 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.27 242.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 394.82 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.33 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.16 242.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 441.30 242.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 462.78 242.10 Td (B ) Tj ET Q q 0 0 0 rg BT 469.98 242.10 Td (LP) Tj ET Q q 0 0 0 rg BT 479.38 242.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.38 242.10 Td (units ) Tj ET Q q 0 0 0 rg BT 499.85 242.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.85 242.10 Td (are ) Tj ET Q q 0 0 0 rg BT 528.11 242.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 544.84 242.10 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 230.70 Td (or ) Tj ET Q q 0 0 0 rg BT 58.59 230.70 Td (about ) Tj ET Q q 0 0 0 rg BT 80.26 230.70 Td (the ) Tj ET Q q 0 0 0 rg BT 93.25 230.70 Td (15) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 101.92 233.13 Td (th) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 106.14 230.70 Td ( ) Tj ET Q q 0 0 0 rg BT 108.31 230.70 Td (day ) Tj ET Q q 0 0 0 rg BT 123.04 230.70 Td (of ) Tj ET Q q 0 0 0 rg BT 131.70 230.70 Td (the ) Tj ET Q q 0 0 0 rg BT 144.70 230.70 Td (month ) Tj ET Q q 0 0 0 rg BT 168.52 230.70 Td (following ) Tj ET Q q 0 0 0 rg BT 201.00 230.70 Td (declaration. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 213.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.38 213.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 88.62 213.30 Td (of ) Tj ET Q q 0 0 0 rg BT 97.43 213.30 Td (T) Tj ET Q q 0 0 0 rg BT 101.90 213.30 Td (rustees ) Tj ET Q q 0 0 0 rg BT 129.91 213.30 Td (continually ) Tj ET Q q 0 0 0 rg BT 169.18 213.30 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 204.99 213.30 Td (the ) Tj ET Q q 0 0 0 rg BT 218.28 213.30 Td (distribution ) Tj ET Q q 0 0 0 rg BT 258.41 213.30 Td (policy ) Tj ET Q q 0 0 0 rg BT 280.79 213.30 Td (of ) Tj ET Q q 0 0 0 rg BT 289.74 213.30 Td (the ) Tj ET Q q 0 0 0 rg BT 303.03 213.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 320.64 213.30 Td ( ) Tj ET Q q 0 0 0 rg BT 323.09 213.30 Td (in ) Tj ET Q q 0 0 0 rg BT 331.61 213.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 380.41 213.30 Td (of ) Tj ET Q q 0 0 0 rg BT 389.37 213.30 Td (various ) Tj ET Q q 0 0 0 rg BT 416.94 213.30 Td (factors. ) Tj ET Q q 0 0 0 rg BT 444.79 213.30 Td (These ) Tj ET Q q 0 0 0 rg BT 468.90 213.30 Td (factors ) Tj ET Q q 0 0 0 rg BT 494.74 213.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 528.81 213.30 Td (include ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 201.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.55 201.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 87.91 201.90 Td (available ) Tj ET Q q 0 0 0 rg BT 120.88 201.90 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 149.08 201.90 Td (to ) Tj ET Q q 0 0 0 rg BT 157.81 201.90 Td (fund ) Tj ET Q q 0 0 0 rg BT 175.19 201.90 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 221.15 201.90 Td (the ) Tj ET Q q 0 0 0 rg BT 234.21 201.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 255.05 201.90 Td (allocation ) Tj ET Q q 0 0 0 rg BT 290.19 201.90 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 332.25 201.90 Td (available ) Tj ET Q q 0 0 0 rg BT 365.23 201.90 Td (to ) Tj ET Q q 0 0 0 rg BT 373.95 201.90 Td (the ) Tj ET Q q 0 0 0 rg BT 387.00 201.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 404.61 201.90 Td ( ) Tj ET Q q 0 0 0 rg BT 406.83 201.90 Td (including ) Tj ET Q q 0 0 0 rg BT 439.80 201.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 482.74 201.90 Td (and ) Tj ET Q q 0 0 0 rg BT 497.95 201.90 Td (their ) Tj ET Q q 0 0 0 rg BT 515.33 201.90 Td (impact, ) Tj ET Q q 0 0 0 rg BT 542.67 201.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 190.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 77.27 190.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 92.92 190.50 Td (environment, ) Tj ET Q q 0 0 0 rg BT 140.18 190.50 Td (the ) Tj ET Q q 0 0 0 rg BT 153.24 190.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 178.59 190.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 195.11 190.50 Td (of ) Tj ET Q q 0 0 0 rg BT 203.83 190.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 228.57 190.50 Td (and ) Tj ET Q q 0 0 0 rg BT 243.79 190.50 Td (the ) Tj ET Q q 0 0 0 rg BT 256.85 190.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 290.69 190.50 Td (future ) Tj ET Q q 0 0 0 rg BT 312.84 190.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 331.52 190.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 351.49 190.50 Td (to ) Tj ET Q q 0 0 0 rg BT 360.21 190.50 Td (be ) Tj ET Q q 0 0 0 rg BT 371.10 190.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 408.41 190.50 Td (by ) Tj ET Q q 0 0 0 rg BT 418.86 190.50 Td (the ) Tj ET Q q 0 0 0 rg BT 431.91 190.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 449.52 190.50 Td ( ) Tj ET Q q 0 0 0 rg BT 451.75 190.50 Td (in ) Tj ET Q q 0 0 0 rg BT 460.03 190.50 Td (consideration ) Tj ET Q q 0 0 0 rg BT 508.60 190.50 Td (of ) Tj ET Q q 0 0 0 rg BT 517.32 190.50 Td (the ) Tj ET Q q 0 0 0 rg BT 530.37 190.50 Td (REIT's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (future ) Tj ET Q q 0 0 0 rg BT 71.82 179.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 90.67 179.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 106.92 179.10 Td (needs, ) Tj ET Q q 0 0 0 rg BT 132.71 179.10 Td (which ) Tj ET Q q 0 0 0 rg BT 155.02 179.10 Td (include ) Tj ET Q q 0 0 0 rg BT 182.10 179.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 210.06 179.10 Td (value ) Tj ET Q q 0 0 0 rg BT 231.08 179.10 Td (add ) Tj ET Q q 0 0 0 rg BT 246.47 179.10 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 300.41 179.10 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 349.58 179.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 376.66 179.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 397.25 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.64 179.10 Td (other ) Tj ET Q q 0 0 0 rg BT 432.79 179.10 Td (capital. ) Tj ET Q q 0 0 0 rg BT 459.88 179.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 484.36 179.10 Td (on ) Tj ET Q q 0 0 0 rg BT 495.43 179.10 Td (these ) Tj ET Q q 0 0 0 rg BT 516.88 179.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 542.66 179.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 167.70 Td (Board ) Tj ET Q q 0 0 0 rg BT 72.45 167.70 Td (of ) Tj ET Q q 0 0 0 rg BT 80.98 167.70 Td (T) Tj ET Q q 0 0 0 rg BT 85.46 167.70 Td (rustees ) Tj ET Q q 0 0 0 rg BT 113.18 167.70 Td (of ) Tj ET Q q 0 0 0 rg BT 121.84 167.70 Td (the ) Tj ET Q q 0 0 0 rg BT 134.84 167.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 152.45 167.70 Td ( ) Tj ET Q q 0 0 0 rg BT 154.62 167.70 Td (may ) Tj ET Q q 0 0 0 rg BT 171.50 167.70 Td (determine ) Tj ET Q q 0 0 0 rg BT 208.31 167.70 Td (a ) Tj ET Q q 0 0 0 rg BT 214.81 167.70 Td (modification ) Tj ET Q q 0 0 0 rg BT 258.55 167.70 Td (of ) Tj ET Q q 0 0 0 rg BT 267.21 167.70 Td (the ) Tj ET Q q 0 0 0 rg BT 280.21 167.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 305.51 167.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 345.36 167.70 Td (to ) Tj ET Q q 0 0 0 rg BT 354.02 167.70 Td (be ) Tj ET Q q 0 0 0 rg BT 364.85 167.70 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 399.94 167.70 Td (to ) Tj ET Q q 0 0 0 rg BT 408.60 167.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.60 167.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 438.48 167.70 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 150.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.79 150.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.39 150.30 Td ( ) Tj ET Q q 0 0 0 rg BT 84.25 150.30 Td (has ) Tj ET Q q 0 0 0 rg BT 98.68 150.30 Td (a ) Tj ET Q q 0 0 0 rg BT 104.87 150.30 Td (distribution ) Tj ET Q q 0 0 0 rg BT 144.41 150.30 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 190.87 150.30 Td (plan ) Tj ET Q q 0 0 0 rg BT 207.46 150.30 Td (\(DRIP\), ) Tj ET Q q 0 0 0 rg BT 240.47 150.30 Td (where ) Tj ET Q q 0 0 0 rg BT 263.54 150.30 Td (eligible ) Tj ET Q q 0 0 0 rg BT 289.65 150.30 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 331.79 150.30 Td (which ) Tj ET Q q 0 0 0 rg BT 353.57 150.30 Td (include ) Tj ET Q q 0 0 0 rg BT 380.12 150.30 Td (holders ) Tj ET Q q 0 0 0 rg BT 407.53 150.30 Td (of ) Tj ET Q q 0 0 0 rg BT 415.89 150.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 437.23 150.30 Td (B ) Tj ET Q q 0 0 0 rg BT 444.28 150.30 Td (LP) Tj ET Q q 0 0 0 rg BT 453.68 150.30 Td ( ) Tj ET Q q 0 0 0 rg BT 455.54 150.30 Td (units, ) Tj ET Q q 0 0 0 rg BT 476.02 150.30 Td (that ) Tj ET Q q 0 0 0 rg BT 490.88 150.30 Td (elect ) Tj ET Q q 0 0 0 rg BT 509.20 150.30 Td (to ) Tj ET Q q 0 0 0 rg BT 517.56 150.30 Td (participate ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 138.90 Td (in ) Tj ET Q q 0 0 0 rg BT 57.88 138.90 Td (the ) Tj ET Q q 0 0 0 rg BT 71.03 138.90 Td (DRIP) Tj ET Q q 0 0 0 rg BT 89.50 138.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.82 138.90 Td (will ) Tj ET Q q 0 0 0 rg BT 104.95 138.90 Td (have ) Tj ET Q q 0 0 0 rg BT 124.16 138.90 Td (their ) Tj ET Q q 0 0 0 rg BT 141.64 138.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.41 138.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 204.30 138.90 Td (used ) Tj ET Q q 0 0 0 rg BT 223.52 138.90 Td (to ) Tj ET Q q 0 0 0 rg BT 232.33 138.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 266.70 138.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 284.17 138.90 Td (units ) Tj ET Q q 0 0 0 rg BT 302.95 138.90 Td (of ) Tj ET Q q 0 0 0 rg BT 311.77 138.90 Td (the ) Tj ET Q q 0 0 0 rg BT 324.91 138.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 341.79 138.90 Td (. ) Tj ET Q q 0 0 0 rg BT 346.14 138.90 Td (The ) Tj ET Q q 0 0 0 rg BT 361.88 138.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 405.77 138.90 Td (declared ) Tj ET Q q 0 0 0 rg BT 437.97 138.90 Td (during ) Tj ET Q q 0 0 0 rg BT 461.94 138.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.09 138.90 Td (three ) Tj ET Q q 0 0 0 rg BT 495.17 138.90 Td (months ) Tj ET Q q 0 0 0 rg BT 523.03 138.90 Td (and ) Tj ET Q q 0 0 0 rg BT 538.35 138.90 Td (year ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 127.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 72.45 127.50 Td (December ) Tj ET Q q 0 0 0 rg BT 109.66 127.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 121.78 127.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 139.11 127.50 Td ( ) Tj ET Q q 0 0 0 rg BT 140.40 127.50 Td (resulted ) Tj ET Q q 0 0 0 rg BT 169.40 127.50 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 176.75 127.50 Td (29,590) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 200.58 127.50 Td ( ) Tj ET Q q 0 0 0 rg BT 201.86 127.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 216.14 127.50 Td (126,028) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 244.31 127.50 Td ( ) Tj ET Q q 0 0 0 rg BT 245.59 127.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 262.03 127.50 Td (units ) Tj ET Q q 0 0 0 rg BT 279.77 127.50 Td (issued/issuable ) Tj ET Q q 0 0 0 rg BT 334.33 127.50 Td (under ) Tj ET Q q 0 0 0 rg BT 355.54 127.50 Td (the ) Tj ET Q q 0 0 0 rg BT 367.66 127.50 Td (DRIP) Tj ET Q q 0 0 0 rg BT 385.27 127.50 Td (, ) Tj ET Q q 0 0 0 rg BT 388.72 127.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 429.28 127.50 Td (. ) Tj ET Q q 0 0 0 rg BT 432.73 127.50 Td (For ) Tj ET Q q 0 0 0 rg BT 445.71 127.50 Td (the ) Tj ET Q q 0 0 0 rg BT 457.82 127.50 Td (December ) Tj ET Q q 0 0 0 rg BT 495.04 127.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 513.65 127.50 Td (distribution, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (approximately ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 100.43 116.10 Td (2.2%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 118.19 116.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.62 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.56 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.82 116.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 160.41 116.10 Td (units ) Tj ET Q q 0 0 0 rg BT 179.30 116.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 222.03 116.10 Td (subscribed ) Tj ET Q q 0 0 0 rg BT 262.14 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.07 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.33 116.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 303.67 116.10 Td (s ) Tj ET Q q 0 0 0 rg BT 310.00 116.10 Td (DRIP) Tj ET Q q 0 0 0 rg BT 327.61 116.10 Td (. ) Tj ET Q q 0 0 0 rg BT 332.06 116.10 Td (T) Tj ET Q q 0 0 0 rg BT 335.96 116.10 Td (o ) Tj ET Q q 0 0 0 rg BT 342.73 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.99 116.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 379.65 116.10 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 420.20 116.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 458.58 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.08 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.34 116.10 Td (DRIP) Tj ET Q q 0 0 0 rg BT 498.81 116.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.25 116.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 537.03 116.10 Td (cash ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 104.70 Td (will ) Tj ET Q q 0 0 0 rg BT 62.48 104.70 Td (be ) Tj ET Q q 0 0 0 rg BT 73.31 104.70 Td (retained ) Tj ET Q q 0 0 0 rg BT 103.63 104.70 Td (by ) Tj ET Q q 0 0 0 rg BT 114.03 104.70 Td (the ) Tj ET Q q 0 0 0 rg BT 127.02 104.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 143.90 104.70 Td (. ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 116.63 742.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 160.79 742.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 204.52 742.10 Td (made ) Tj ET Q q 0 0 0 rg BT 226.18 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.84 742.10 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 275.12 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.79 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.79 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 314.40 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.56 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.73 742.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 353.37 742.10 Td (B ) Tj ET Q q 0 0 0 rg BT 360.73 742.10 Td (LP) Tj ET Q q 0 0 0 rg BT 370.13 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.29 742.10 Td (unitholders:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 725.6 m 193 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193 725.6 m 253 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 725.6 m 313 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 725.6 m 373 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 725.6 m 433 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 725.6 m 493 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 725.6 m 553 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 697.6 m 193 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 697.6 m 253 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 697.6 m 313 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313 697.6 m 373 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373 697.6 m 433 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 697.6 m 493 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 697.6 m 553 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 668.6 m 193 668.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 668.6 m 253 668.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 668.6 m 313 668.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313 668.6 m 373 668.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373 668.6 m 433 668.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 668.6 m 493 668.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 668.6 m 553 668.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373 668.6 m 433 668.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 668.6 m 493 668.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 640.6 m 193 640.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 640.6 m 253 640.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 640.6 m 313 640.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313 640.6 m 373 640.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373 640.6 m 433 640.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 640.6 m 493 640.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 640.6 m 553 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 626.6 m 193 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193 626.6 m 253 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 626.6 m 313 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 626.6 m 373 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 626.6 m 433 626.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 640.6 m 493 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 626.6 m 493 626.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 640.6 m 553 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 626.6 m 553 626.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.50 716.13 Td (Three months ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 352.15 702.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 702.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 276.55 687.13 Td ( Class B) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.65 687.13 Td (Class B) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 207.50 673.13 Td ( T) Tj ET Q q 0 0 0 rg BT 214.21 673.13 Td (rust units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 278.90 673.13 Td (LP) Tj ET Q q 0 0 0 rg BT 288.79 673.13 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.45 673.13 Td (T) Tj ET Q q 0 0 0 rg BT 355.64 673.13 Td (otal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.40 673.13 Td (T) Tj ET Q q 0 0 0 rg BT 398.02 673.13 Td (rust units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.45 673.13 Td (LP) Tj ET Q q 0 0 0 rg BT 470.91 673.13 Td ( units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.00 673.13 Td (T) Tj ET Q q 0 0 0 rg BT 536.90 673.13 Td (otal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 659.13 Td (Distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 195.50 659.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.00 659.13 Td (10,672) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 659.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 296.90 659.13 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.50 659.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 346.05 659.13 Td (1) Tj ET Q q 0 0 0 rg BT 350.38 659.13 Td (1,663) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.50 659.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.40 659.13 Td (7,638) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.50 659.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.90 659.13 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.50 659.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 659.13 Td (8,629) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 645.13 Td (Distributions reinvested in trust units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 236.85 645.13 Td (239) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.10 645.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 356.90 645.13 Td (239) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 416.90 645.13 Td (280) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.10 645.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.90 645.13 Td (280) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 631.13 Td (Distributions, net of DRIP) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 195.50 631.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.00 631.13 Td (10,433) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 631.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 296.90 631.13 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.50 631.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 346.05 631.13 Td (1) Tj ET Q q 0 0 0 rg BT 350.38 631.13 Td (1,424) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.50 631.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.40 631.13 Td (7,358) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.50 631.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.90 631.13 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.50 631.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 631.13 Td (8,349) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 609.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 609.70 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 609.70 Td (table ) Tj ET Q q 0 0 0 rg BT 116.63 609.70 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 160.79 609.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 204.52 609.70 Td (made ) Tj ET Q q 0 0 0 rg BT 226.18 609.70 Td (to ) Tj ET Q q 0 0 0 rg BT 234.84 609.70 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 275.12 609.70 Td (of ) Tj ET Q q 0 0 0 rg BT 283.79 609.70 Td (the ) Tj ET Q q 0 0 0 rg BT 296.79 609.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 314.40 609.70 Td ( ) Tj ET Q q 0 0 0 rg BT 316.56 609.70 Td (and ) Tj ET Q q 0 0 0 rg BT 331.73 609.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 353.37 609.70 Td (B ) Tj ET Q q 0 0 0 rg BT 360.73 609.70 Td (LP) Tj ET Q q 0 0 0 rg BT 370.13 609.70 Td ( ) Tj ET Q q 0 0 0 rg BT 372.29 609.70 Td (unitholders:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 593.2 m 193 593.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193 593.2 m 253 593.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 593.2 m 313 593.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 593.2 m 373 593.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 593.2 m 433 593.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 593.2 m 493 593.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 593.2 m 553 593.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 565.2 m 193 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 565.2 m 253 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 565.2 m 313 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313 565.2 m 373 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373 565.2 m 433 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 565.2 m 493 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 565.2 m 553 565.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 536.2 m 193 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 536.2 m 253 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 536.2 m 313 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313 536.2 m 373 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373 536.2 m 433 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 536.2 m 493 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 536.2 m 553 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 536.2 m 253 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 536.2 m 313 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373 536.2 m 433 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 536.2 m 493 536.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 508.2 m 193 508.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193 508.2 m 253 508.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253 508.2 m 313 508.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313 508.2 m 373 508.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373 508.2 m 433 508.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 508.2 m 493 508.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 508.2 m 553 508.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 494.2 m 193 494.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193 494.2 m 253 494.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253 494.2 m 313 494.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 494.2 m 373 494.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 494.2 m 433 494.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433 508.2 m 493 508.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 494.2 m 493 494.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493 508.2 m 553 508.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 494.2 m 553 494.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.80 583.73 Td (Y) Tj ET Q q 0 0 0 rg BT 463.64 583.73 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 352.15 569.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 569.73 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 276.55 554.73 Td ( Class B) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.65 554.73 Td (Class B) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 207.50 540.73 Td ( T) Tj ET Q q 0 0 0 rg BT 214.00 540.73 Td (rust units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 278.90 540.73 Td (LP) Tj ET Q q 0 0 0 rg BT 288.72 540.73 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.45 540.73 Td (T) Tj ET Q q 0 0 0 rg BT 355.64 540.73 Td (otal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.40 540.73 Td (T) Tj ET Q q 0 0 0 rg BT 397.88 540.73 Td (rust units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.45 540.73 Td (LP) Tj ET Q q 0 0 0 rg BT 470.84 540.73 Td ( units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.00 540.73 Td (T) Tj ET Q q 0 0 0 rg BT 536.90 540.73 Td (otal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 526.73 Td (Distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 195.50 526.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.00 526.73 Td (39,643) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 526.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.40 526.73 Td (3,964) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.50 526.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 346.05 526.73 Td (43,607) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.50 526.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.05 526.73 Td (26,062) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.50 526.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.40 526.73 Td (3,964) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.50 526.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 526.73 Td (30,026) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 512.73 Td (Distributions reinvested in trust units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 236.85 512.73 Td (933) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.10 512.73 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 356.90 512.73 Td (933) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 416.90 512.73 Td (866) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.10 512.73 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.90 512.73 Td (866) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 498.73 Td (Distributions, net of DRIP) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 195.50 498.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.00 498.73 Td (38,710) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.50 498.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.40 498.73 Td (3,964) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.50 498.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 346.05 498.73 Td (42,674) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.50 498.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.05 498.73 Td (25,196) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.50 498.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.40 498.73 Td (3,964) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.50 498.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 498.73 Td (29,160) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 477.30 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 94.56 477.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 103.26 477.30 Td ($39.6 ) Tj ET Q q 0 0 0 rg BT 124.96 477.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 147.04 477.30 Td ( ) Tj ET Q q 0 0 0 rg BT 149.24 477.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 166.16 477.30 Td (to ) Tj ET Q q 0 0 0 rg BT 174.86 477.30 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 215.18 477.30 Td (of ) Tj ET Q q 0 0 0 rg BT 223.88 477.30 Td (the ) Tj ET Q q 0 0 0 rg BT 236.91 477.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 254.52 477.30 Td ( ) Tj ET Q q 0 0 0 rg BT 256.72 477.30 Td (in ) Tj ET Q q 0 0 0 rg BT 264.98 477.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 284.51 477.30 Td (were ) Tj ET Q q 0 0 0 rg BT 303.59 477.30 Td (less ) Tj ET Q q 0 0 0 rg BT 319.65 477.30 Td (than ) Tj ET Q q 0 0 0 rg BT 337.01 477.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 355.67 477.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 371.72 477.30 Td (from ) Tj ET Q q 0 0 0 rg BT 389.50 477.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 424.19 477.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 456.27 477.30 Td (of ) Tj ET Q q 0 0 0 rg BT 464.97 477.30 Td ($41.6 ) Tj ET Q q 0 0 0 rg BT 486.66 477.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 513.11 477.30 Td ( ) Tj ET Q q 0 0 0 rg BT 515.31 477.30 Td (In ) Tj ET Q q 0 0 0 rg BT 524.01 477.30 Td (the ) Tj ET Q q 0 0 0 rg BT 537.04 477.30 Td (case ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 465.90 Td (where ) Tj ET Q q 0 0 0 rg BT 72.69 465.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 116.25 465.90 Td (are ) Tj ET Q q 0 0 0 rg BT 129.49 465.90 Td (less ) Tj ET Q q 0 0 0 rg BT 145.32 465.90 Td (than ) Tj ET Q q 0 0 0 rg BT 162.47 465.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.91 465.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 196.74 465.90 Td (from ) Tj ET Q q 0 0 0 rg BT 214.30 465.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 248.77 465.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 280.63 465.90 Td (the ) Tj ET Q q 0 0 0 rg BT 293.44 465.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 311.05 465.90 Td ( ) Tj ET Q q 0 0 0 rg BT 313.03 465.90 Td (would ) Tj ET Q q 0 0 0 rg BT 335.36 465.90 Td (need ) Tj ET Q q 0 0 0 rg BT 354.67 465.90 Td (to ) Tj ET Q q 0 0 0 rg BT 363.15 465.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 390.25 465.90 Td (such ) Tj ET Q q 0 0 0 rg BT 408.69 465.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 440.55 465.90 Td (from ) Tj ET Q q 0 0 0 rg BT 458.12 465.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 476.55 465.90 Td (on ) Tj ET Q q 0 0 0 rg BT 487.20 465.90 Td (hand ) Tj ET Q q 0 0 0 rg BT 506.51 465.90 Td (or ) Tj ET Q q 0 0 0 rg BT 515.42 465.90 Td (borrowings ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 454.50 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 454.50 Td (would ) Tj ET Q q 0 0 0 rg BT 87.18 454.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 122.26 454.50 Td (a ) Tj ET Q q 0 0 0 rg BT 128.76 454.50 Td (return ) Tj ET Q q 0 0 0 rg BT 151.28 454.50 Td (of ) Tj ET Q q 0 0 0 rg BT 159.94 454.50 Td (capital. ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (T) Tj ET Q q 0 0 0 rg BT 53.21 437.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 80.50 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.16 437.10 Td (distributions) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 419.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.00 419.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.61 419.70 Td ( ) Tj ET Q q 0 0 0 rg BT 84.68 419.70 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 115.34 419.70 Td (as ) Tj ET Q q 0 0 0 rg BT 125.64 419.70 Td (a ) Tj ET Q q 0 0 0 rg BT 132.05 419.70 Td ("mutual ) Tj ET Q q 0 0 0 rg BT 160.27 419.70 Td (fund ) Tj ET Q q 0 0 0 rg BT 177.50 419.70 Td (trust" ) Tj ET Q q 0 0 0 rg BT 197.50 419.70 Td (under ) Tj ET Q q 0 0 0 rg BT 219.49 419.70 Td (the ) Tj ET Q q 0 0 0 rg BT 232.40 419.70 Td (Income ) Tj ET Q q 0 0 0 rg BT 259.89 419.70 Td (T) Tj ET Q q 0 0 0 rg BT 263.79 419.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 273.68 419.70 Td (Act ) Tj ET Q q 0 0 0 rg BT 287.02 419.70 Td (\(Canada\) ) Tj ET Q q 0 0 0 rg BT 321.56 419.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 337.06 419.70 Td ("T) Tj ET Q q 0 0 0 rg BT 343.72 419.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 353.61 419.70 Td (Act"\). ) Tj ET Q q 0 0 0 rg BT 374.47 419.70 Td (For ) Tj ET Q q 0 0 0 rg BT 388.23 419.70 Td (taxable ) Tj ET Q q 0 0 0 rg BT 415.42 419.70 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 450.85 419.70 Td (resident ) Tj ET Q q 0 0 0 rg BT 480.64 419.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 498.24 419.70 Td ( ) Tj ET Q q 0 0 0 rg BT 500.32 419.70 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 542.67 419.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 408.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 74.80 408.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 118.54 408.30 Td (are ) Tj ET Q q 0 0 0 rg BT 131.96 408.30 Td (treated ) Tj ET Q q 0 0 0 rg BT 158.39 408.30 Td (as ) Tj ET Q q 0 0 0 rg BT 168.78 408.30 Td (follows ) Tj ET Q q 0 0 0 rg BT 194.76 408.30 Td (for ) Tj ET Q q 0 0 0 rg BT 206.02 408.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.58 408.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 252.80 408.30 Td (over ) Tj ET Q q 0 0 0 rg BT 270.12 408.30 Td (the ) Tj ET Q q 0 0 0 rg BT 283.12 408.30 Td (three ) Tj ET Q q 0 0 0 rg BT 303.04 408.30 Td (most ) Tj ET Q q 0 0 0 rg BT 322.09 408.30 Td (recent ) Tj ET Q q 0 0 0 rg BT 345.91 408.30 Td (years:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 391.8 m 329 391.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 376.8 m 329 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 391.8 m 404 391.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 376.8 m 404 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 391.8 m 479 391.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 376.8 m 479 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 391.8 m 554 391.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 376.8 m 554 376.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 376.8 m 554 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 331.8 m 329 331.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 331.8 m 404 331.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 331.8 m 479 331.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 331.8 m 554 331.8 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 381.33 Td (T) Tj ET Q q 0 0 0 rg BT 56.69 381.33 Td (axation year) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 339.00 381.33 Td (Return of capital) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 427.00 381.33 Td (Capital gains) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 500.25 381.33 Td (Other income) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 366.33 Td (2017 per $ of distribution) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 366.33 Td (100.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 366.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.75 366.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.75 366.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 351.33 Td (2016 per $ of distribution) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.35 351.33 Td (90.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 351.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.70 351.33 Td (3.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 351.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 351.33 Td (6.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 351.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 336.33 Td (2015 per $ of distribution) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.70 336.33 Td (1.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 336.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.35 336.33 Td (79.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 336.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 336.33 Td (18.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 336.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 314.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.18 314.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 80.87 314.90 Td (of ) Tj ET Q q 0 0 0 rg BT 89.62 314.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 114.40 314.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 135.29 314.90 Td (in ) Tj ET Q q 0 0 0 rg BT 143.61 314.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 163.20 314.90 Td (are ) Tj ET Q q 0 0 0 rg BT 176.71 314.90 Td (a ) Tj ET Q q 0 0 0 rg BT 183.30 314.90 Td (result ) Tj ET Q q 0 0 0 rg BT 204.61 314.90 Td (of ) Tj ET Q q 0 0 0 rg BT 213.37 314.90 Td (the ) Tj ET Q q 0 0 0 rg BT 226.46 314.90 Td (disposition ) Tj ET Q q 0 0 0 rg BT 265.53 314.90 Td (strategy ) Tj ET Q q 0 0 0 rg BT 295.51 314.90 Td (the ) Tj ET Q q 0 0 0 rg BT 308.60 314.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 326.21 314.90 Td ( ) Tj ET Q q 0 0 0 rg BT 328.46 314.90 Td (executed ) Tj ET Q q 0 0 0 rg BT 362.34 314.90 Td (to ) Tj ET Q q 0 0 0 rg BT 371.10 314.90 Td (dispose ) Tj ET Q q 0 0 0 rg BT 400.21 314.90 Td (of ) Tj ET Q q 0 0 0 rg BT 408.97 314.90 Td (non-of) Tj ET Q q 0 0 0 rg BT 430.93 314.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 445.31 314.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 482.21 314.90 Td (in ) Tj ET Q q 0 0 0 rg BT 490.53 314.90 Td (order ) Tj ET Q q 0 0 0 rg BT 510.97 314.90 Td (to ) Tj ET Q q 0 0 0 rg BT 519.73 314.90 Td (reposition ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 303.50 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 303.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.11 303.50 Td ( ) Tj ET Q q 0 0 0 rg BT 82.27 303.50 Td (as ) Tj ET Q q 0 0 0 rg BT 92.67 303.50 Td (a ) Tj ET Q q 0 0 0 rg BT 99.17 303.50 Td (pure ) Tj ET Q q 0 0 0 rg BT 116.93 303.50 Td (play ) Tj ET Q q 0 0 0 rg BT 133.38 303.50 Td (of) Tj ET Q q 0 0 0 rg BT 139.75 303.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 154.04 303.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 170.92 303.50 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (FFO, CORE-FFO ) Tj ET Q q 0 0 0 rg BT 111.98 286.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 130.72 286.10 Td (AFFO P) Tj ET Q q 0 0 0 rg BT 158.72 286.10 Td (A) Tj ET Q q 0 0 0 rg BT 163.63 286.10 Td (YOUT RA) Tj ET Q q 0 0 0 rg BT 198.11 286.10 Td (TIOS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 268.70 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 69.73 268.70 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 107.26 268.70 Td (and ) Tj ET Q q 0 0 0 rg BT 122.25 268.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 145.51 268.70 Td (payout ) Tj ET Q q 0 0 0 rg BT 171.38 268.70 Td (ratios ) Tj ET Q q 0 0 0 rg BT 192.91 268.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 208.82 268.70 Td ("payout ) Tj ET Q q 0 0 0 rg BT 237.45 268.70 Td (ratios"\) ) Tj ET Q q 0 0 0 rg BT 264.34 268.70 Td (are ) Tj ET Q q 0 0 0 rg BT 278.08 268.70 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 313.89 268.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 350.58 268.70 Td (that ) Tj ET Q q 0 0 0 rg BT 366.06 268.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 394.09 268.70 Td (a ) Tj ET Q q 0 0 0 rg BT 400.90 268.70 Td (comparison ) Tj ET Q q 0 0 0 rg BT 443.65 268.70 Td (of ) Tj ET Q q 0 0 0 rg BT 452.63 268.70 Td (the ) Tj ET Q q 0 0 0 rg BT 465.94 268.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 509.99 268.70 Td (made ) Tj ET Q q 0 0 0 rg BT 531.96 268.70 Td (by ) Tj ET Q q 0 0 0 rg BT 542.66 268.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 257.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 67.11 257.30 Td ( ) Tj ET Q q 0 0 0 rg BT 69.02 257.30 Td (to ) Tj ET Q q 0 0 0 rg BT 77.43 257.30 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 117.45 257.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 154.00 257.30 Td (to ) Tj ET Q q 0 0 0 rg BT 162.41 257.30 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 182.07 257.30 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 219.03 257.30 Td (and ) Tj ET Q q 0 0 0 rg BT 233.56 257.30 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 256.25 257.30 Td (generated ) Tj ET Q q 0 0 0 rg BT 293.25 257.30 Td (by ) Tj ET Q q 0 0 0 rg BT 303.39 257.30 Td (the ) Tj ET Q q 0 0 0 rg BT 316.13 257.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 333.01 257.30 Td (. ) Tj ET Q q 0 0 0 rg BT 337.08 257.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 384.47 257.30 Td (uses ) Tj ET Q q 0 0 0 rg BT 402.83 257.30 Td (these ) Tj ET Q q 0 0 0 rg BT 423.80 257.30 Td (measure ) Tj ET Q q 0 0 0 rg BT 456.02 257.30 Td (to ) Tj ET Q q 0 0 0 rg BT 464.43 257.30 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 495.80 257.30 Td (the ) Tj ET Q q 0 0 0 rg BT 508.54 257.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 533.58 257.30 Td (ability ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 245.90 Td (to ) Tj ET Q q 0 0 0 rg BT 58.16 245.90 Td (sustain ) Tj ET Q q 0 0 0 rg BT 85.01 245.90 Td (its ) Tj ET Q q 0 0 0 rg BT 94.96 245.90 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 140.73 245.90 Td (The ) Tj ET Q q 0 0 0 rg BT 156.31 245.90 Td (payout ) Tj ET Q q 0 0 0 rg BT 181.86 245.90 Td (ratios ) Tj ET Q q 0 0 0 rg BT 203.08 245.90 Td (are ) Tj ET Q q 0 0 0 rg BT 216.49 245.90 Td (calculated ) Tj ET Q q 0 0 0 rg BT 253.74 245.90 Td (by ) Tj ET Q q 0 0 0 rg BT 264.13 245.90 Td (dividing ) Tj ET Q q 0 0 0 rg BT 292.70 245.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 329.95 245.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 373.69 245.90 Td (made ) Tj ET Q q 0 0 0 rg BT 395.33 245.90 Td (in ) Tj ET Q q 0 0 0 rg BT 403.56 245.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 431.27 245.90 Td (of ) Tj ET Q q 0 0 0 rg BT 439.93 245.90 Td (units ) Tj ET Q q 0 0 0 rg BT 458.54 245.90 Td (of ) Tj ET Q q 0 0 0 rg BT 467.20 245.90 Td (the ) Tj ET Q q 0 0 0 rg BT 480.20 245.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 497.80 245.90 Td ( ) Tj ET Q q 0 0 0 rg BT 499.96 245.90 Td (and ) Tj ET Q q 0 0 0 rg BT 515.12 245.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 536.76 245.90 Td (B ) Tj ET Q q 0 0 0 rg BT 544.12 245.90 Td (LP) Tj ET Q q 0 0 0 rg BT 553.51 245.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 234.50 Td (units ) Tj ET Q q 0 0 0 rg BT 68.13 234.50 Td (by ) Tj ET Q q 0 0 0 rg BT 78.52 234.50 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 98.44 234.50 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 135.66 234.50 Td (and ) Tj ET Q q 0 0 0 rg BT 150.39 234.50 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 173.34 234.50 Td (during ) Tj ET Q q 0 0 0 rg BT 197.16 234.50 Td (the ) Tj ET Q q 0 0 0 rg BT 210.16 234.50 Td (period ) Tj ET Q q 0 0 0 rg BT 233.98 234.50 Td (of ) Tj ET Q q 0 0 0 rg BT 242.64 234.50 Td (measurement. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 217.10 Td (One ) Tj ET Q q 0 0 0 rg BT 65.54 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.36 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.51 217.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 109.96 217.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 145.92 217.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.86 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.68 217.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 187.54 217.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.19 217.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 232.18 217.10 Td (over ) Tj ET Q q 0 0 0 rg BT 248.65 217.10 Td (time ) Tj ET Q q 0 0 0 rg BT 264.69 217.10 Td (that ) Tj ET Q q 0 0 0 rg BT 279.00 217.10 Td (is ) Tj ET Q q 0 0 0 rg BT 285.95 217.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 326.67 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.05 217.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 381.71 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.52 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.67 217.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 426.12 217.10 Td (available ) Tj ET Q q 0 0 0 rg BT 458.19 217.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 485.49 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.30 217.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 509.78 217.10 Td (distributions, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 205.70 Td (the ) Tj ET Q q 0 0 0 rg BT 62.12 205.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 82.54 205.70 Td (allocation ) Tj ET Q q 0 0 0 rg BT 117.25 205.70 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 158.88 205.70 Td (available ) Tj ET Q q 0 0 0 rg BT 191.42 205.70 Td (to ) Tj ET Q q 0 0 0 rg BT 199.71 205.70 Td (the ) Tj ET Q q 0 0 0 rg BT 212.33 205.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 229.21 205.70 Td (, ) Tj ET Q q 0 0 0 rg BT 233.17 205.70 Td (the ) Tj ET Q q 0 0 0 rg BT 245.79 205.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 281.37 205.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 306.10 205.70 Td (on ) Tj ET Q q 0 0 0 rg BT 316.56 205.70 Td (the ) Tj ET Q q 0 0 0 rg BT 329.18 205.70 Td (trading ) Tj ET Q q 0 0 0 rg BT 354.79 205.70 Td (price ) Tj ET Q q 0 0 0 rg BT 373.47 205.70 Td (of ) Tj ET Q q 0 0 0 rg BT 381.76 205.70 Td (the ) Tj ET Q q 0 0 0 rg BT 394.38 205.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 419.31 205.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 436.25 205.70 Td (units ) Tj ET Q q 0 0 0 rg BT 454.50 205.70 Td (and ) Tj ET Q q 0 0 0 rg BT 469.29 205.70 Td (the ) Tj ET Q q 0 0 0 rg BT 481.91 205.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 515.33 205.70 Td (future ) Tj ET Q q 0 0 0 rg BT 537.04 205.70 Td (cash ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 194.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 69.43 194.30 Td (to ) Tj ET Q q 0 0 0 rg BT 78.11 194.30 Td (be ) Tj ET Q q 0 0 0 rg BT 88.95 194.30 Td (generated ) Tj ET Q q 0 0 0 rg BT 126.22 194.30 Td (by ) Tj ET Q q 0 0 0 rg BT 136.63 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 149.64 194.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 167.25 194.30 Td ( ) Tj ET Q q 0 0 0 rg BT 169.43 194.30 Td (in ) Tj ET Q q 0 0 0 rg BT 177.67 194.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 226.19 194.30 Td (of ) Tj ET Q q 0 0 0 rg BT 234.87 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 247.89 194.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 273.20 194.30 Td (future ) Tj ET Q q 0 0 0 rg BT 295.30 194.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.94 194.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 329.97 194.30 Td (needs. ) Tj ET Q q 0 0 0 rg BT 355.41 194.30 Td (T) Tj ET Q q 0 0 0 rg BT 359.31 194.30 Td (o ) Tj ET Q q 0 0 0 rg BT 365.82 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 378.83 194.30 Td (extent ) Tj ET Q q 0 0 0 rg BT 402.24 194.30 Td (these ) Tj ET Q q 0 0 0 rg BT 423.48 194.30 Td (factors ) Tj ET Q q 0 0 0 rg BT 449.04 194.30 Td (change, ) Tj ET Q q 0 0 0 rg BT 478.95 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 491.96 194.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 514.93 194.30 Td (of ) Tj ET Q q 0 0 0 rg BT 523.47 194.30 Td (T) Tj ET Q q 0 0 0 rg BT 527.95 194.30 Td (rustees ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 182.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 182.90 Td (the ) Tj ET Q q 0 0 0 rg BT 71.16 182.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 88.77 182.90 Td ( ) Tj ET Q q 0 0 0 rg BT 90.94 182.90 Td (will ) Tj ET Q q 0 0 0 rg BT 103.92 182.90 Td (consider ) Tj ET Q q 0 0 0 rg BT 135.53 182.90 Td ( ) Tj ET Q q 0 0 0 rg BT 137.70 182.90 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 181.87 182.90 Td (to ) Tj ET Q q 0 0 0 rg BT 190.54 182.90 Td (its ) Tj ET Q q 0 0 0 rg BT 200.50 182.90 Td (distribution ) Tj ET Q q 0 0 0 rg BT 240.34 182.90 Td (policy) Tj ET Q q 0 0 0 rg BT 259.69 182.90 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 165.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.49 165.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 95.51 165.50 Td (in ) Tj ET Q q 0 0 0 rg BT 103.14 165.50 Td (the ) Tj ET Q q 0 0 0 rg BT 115.23 165.50 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 137.57 165.50 Td (pay-out ) Tj ET Q q 0 0 0 rg BT 165.13 165.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 181.85 165.50 Td (in ) Tj ET Q q 0 0 0 rg BT 189.48 165.50 Td (the ) Tj ET Q q 0 0 0 rg BT 201.88 165.50 Td (current ) Tj ET Q q 0 0 0 rg BT 227.70 165.50 Td (year ) Tj ET Q q 0 0 0 rg BT 244.42 165.50 Td (is ) Tj ET Q q 0 0 0 rg BT 251.61 165.50 Td (the ) Tj ET Q q 0 0 0 rg BT 264.01 165.50 Td (result ) Tj ET Q q 0 0 0 rg BT 284.63 165.50 Td (of ) Tj ET Q q 0 0 0 rg BT 292.70 165.50 Td (overall ) Tj ET Q q 0 0 0 rg BT 317.21 165.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 346.50 165.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 371.45 165.50 Td (from ) Tj ET Q q 0 0 0 rg BT 388.60 165.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 426.98 165.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 458.43 165.50 Td (of) Tj ET Q q 0 0 0 rg BT 464.79 165.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 478.92 165.50 Td (by ) Tj ET Q q 0 0 0 rg BT 488.72 165.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 511.94 165.50 Td (distributions ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 81.53 154.10 Td (from ) Tj ET Q q 0 0 0 rg BT 99.26 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.24 154.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 145.14 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.79 154.10 Td (units ) Tj ET Q q 0 0 0 rg BT 172.39 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.61 154.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 210.04 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.69 154.10 Td (vacancies, ) Tj ET Q q 0 0 0 rg BT 257.65 154.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 289.23 154.10 Td (at ) Tj ET Q q 0 0 0 rg BT 297.88 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.86 154.10 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 344.19 154.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 380.99 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.13 154.10 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 428.15 154.10 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 455.84 154.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.99 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.97 154.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 501.58 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.73 154.10 Td (underwrote ) Tj ET Q q 0 0 0 rg BT 544.84 154.10 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 142.70 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 90.26 142.70 Td (The ) Tj ET Q q 0 0 0 rg BT 105.22 142.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 127.90 142.70 Td (payout ) Tj ET Q q 0 0 0 rg BT 153.19 142.70 Td (ratio ) Tj ET Q q 0 0 0 rg BT 170.25 142.70 Td (is ) Tj ET Q q 0 0 0 rg BT 177.78 142.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 211.31 142.70 Td (to ) Tj ET Q q 0 0 0 rg BT 219.71 142.70 Td (decline ) Tj ET Q q 0 0 0 rg BT 246.30 142.70 Td (in ) Tj ET Q q 0 0 0 rg BT 254.27 142.70 Td (the ) Tj ET Q q 0 0 0 rg BT 267.00 142.70 Td (future ) Tj ET Q q 0 0 0 rg BT 288.83 142.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 316.28 142.70 Td (to ) Tj ET Q q 0 0 0 rg BT 324.69 142.70 Td (the ) Tj ET Q q 0 0 0 rg BT 337.42 142.70 Td (extent ) Tj ET Q q 0 0 0 rg BT 360.55 142.70 Td (available ) Tj ET Q q 0 0 0 rg BT 393.20 142.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 417.63 142.70 Td (is ) Tj ET Q q 0 0 0 rg BT 425.16 142.70 Td (deployed ) Tj ET Q q 0 0 0 rg BT 458.69 142.70 Td (for ) Tj ET Q q 0 0 0 rg BT 469.68 142.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 503.63 142.70 Td (of ) Tj ET Q q 0 0 0 rg BT 512.04 142.70 Td (one ) Tj ET Q q 0 0 0 rg BT 526.94 142.70 Td (or ) Tj ET Q q 0 0 0 rg BT 535.77 142.70 Td (more ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 131.30 Td (property ) Tj ET Q q 0 0 0 rg BT 80.25 131.30 Td (acquisitions.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 84.15 742.10 Td (below ) Tj ET Q q 0 0 0 rg BT 106.67 742.10 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 141.74 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.74 742.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 180.04 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.67 742.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 214.68 742.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 242.70 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.03 742.10 Td (based ) Tj ET Q q 0 0 0 rg BT 270.42 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.25 742.10 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 301.17 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.40 742.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 351.83 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.50 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 370.46 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 389.08 742.10 Td (distributions: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 731.6 m 256 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 731.6 m 330 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 731.6 m 404 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 731.6 m 478 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 731.6 m 552 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 703.6 m 256 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256 703.6 m 330 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330 703.6 m 404 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 703.6 m 478 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 703.6 m 552 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256 703.6 m 330 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330 703.6 m 404 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 703.6 m 478 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 703.6 m 552 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256 675.6 m 330 675.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330 675.6 m 404 675.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 675.6 m 478 675.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 675.6 m 552 675.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 675.6 m 256 675.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256 675.6 m 330 675.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330 675.6 m 404 675.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 675.6 m 478 675.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 675.6 m 552 675.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 647.6 m 256 647.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256 647.6 m 330 647.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330 647.6 m 404 647.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 647.6 m 478 647.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478 647.6 m 552 647.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 647.6 m 256 647.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330 647.6 m 404 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 633.6 m 404 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 633.6 m 256 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 633.6 m 330 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 633.6 m 404 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 633.6 m 478 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 633.6 m 552 633.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 605.6 m 256 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 605.6 m 330 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 605.6 m 404 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 605.6 m 478 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 605.6 m 552 605.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 722.13 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.80 722.13 Td (Y) Tj ET Q q 0 0 0 rg BT 462.64 722.13 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 309.15 708.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 708.18 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.15 708.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.15 708.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 694.18 Td (FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.50 694.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 298.70 694.13 Td (1) Tj ET Q q 0 0 0 rg BT 303.03 694.13 Td (1,221) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.50 694.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 694.13 Td (10,650) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 694.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 446.70 694.13 Td (44,493) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.50 694.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.70 694.13 Td (37,890) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 680.18 Td (REIT) Tj ET Q q 0 0 0 rg BT 69.18 680.18 Td ( unit and Class B LP) Tj ET Q q 0 0 0 rg BT 139.63 680.18 Td ( distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 298.70 680.13 Td (1) Tj ET Q q 0 0 0 rg BT 303.03 680.13 Td (1,663) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 680.13 Td (8,629) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 446.70 680.13 Td (43,607) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.70 680.13 Td (30,026) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 666.18 Td (Excess of FFO over distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.95 666.13 Td (\(442) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 322.55 666.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 666.13 Td (2,021) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.55 666.13 Td (886) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 525.05 666.13 Td (7,864) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 652.13 Td (Cash retained from DRIP) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 309.55 652.13 Td (239) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.55 652.13 Td (280) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.55 652.13 Td (933) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.55 652.13 Td (866) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 638.18 Td (Excess of FFO over cash distributions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.50 638.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.95 638.13 Td (\(203) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 322.55 638.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.50 638.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 638.13 Td (2,301) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 638.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.05 638.13 Td (1,819) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.50 638.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 525.05 638.13 Td (8,730) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 624.13 Td (FFO payout ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.05 624.13 Td (103.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 322.55 624.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.35 624.13 Td (81.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 624.13 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.35 624.13 Td (98.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 470.55 624.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.35 624.13 Td (79.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 544.55 624.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 610.13 Td (FFO payout ratio after DRIP) Tj ET Q q 0 0 0 rg BT 148.36 610.13 Td ( ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 150.53 612.56 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.05 610.13 Td (101.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 322.55 610.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.35 610.13 Td (78.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 610.13 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.35 610.13 Td (95.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 470.55 610.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.35 610.13 Td (77.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 544.55 610.13 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 597.10 Td ( ) Tj ET Q q 0 0 0 rg BT 51.21 597.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 60.44 597.10 Td (Impact ) Tj ET Q q 0 0 0 rg BT 80.61 597.10 Td (after ) Tj ET Q q 0 0 0 rg BT 94.63 597.10 Td (DRIP) Tj ET Q q 0 0 0 rg BT 109.21 597.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.92 597.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 141.69 597.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 159.82 597.10 Td (DRIP) Tj ET Q q 0 0 0 rg BT 174.40 597.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.11 597.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 193.54 597.10 Td (during ) Tj ET Q q 0 0 0 rg BT 212.35 597.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.61 597.10 Td (period.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 579.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 579.70 Td (table ) Tj ET Q q 0 0 0 rg BT 84.15 579.70 Td (below ) Tj ET Q q 0 0 0 rg BT 106.67 579.70 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 141.74 579.70 Td (the ) Tj ET Q q 0 0 0 rg BT 154.74 579.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 180.04 579.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.67 579.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 214.68 579.70 Td (capacity) Tj ET Q q 0 0 0 rg BT 242.70 579.70 Td (, ) Tj ET Q q 0 0 0 rg BT 247.03 579.70 Td (based ) Tj ET Q q 0 0 0 rg BT 270.42 579.70 Td (on ) Tj ET Q q 0 0 0 rg BT 281.25 579.70 Td (Core-FFO, ) Tj ET Q q 0 0 0 rg BT 320.64 579.70 Td (in ) Tj ET Q q 0 0 0 rg BT 328.87 579.70 Td (comparison ) Tj ET Q q 0 0 0 rg BT 371.31 579.70 Td (to ) Tj ET Q q 0 0 0 rg BT 379.97 579.70 Td (its ) Tj ET Q q 0 0 0 rg BT 389.93 579.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 408.56 579.70 Td (distributions: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 563.2 m 256.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 563.2 m 330.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 563.2 m 404.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 563.2 m 478.5 563.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 563.2 m 552.5 563.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.5 535.2 m 256.5 535.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 535.2 m 330.5 535.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330.5 535.2 m 404.5 535.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404.5 535.2 m 478.5 535.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 535.2 m 552.5 535.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 535.2 m 330.5 535.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330.5 535.2 m 404.5 535.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404.5 535.2 m 478.5 535.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 535.2 m 552.5 535.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 507.2 m 330.5 507.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330.5 507.2 m 404.5 507.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404.5 507.2 m 478.5 507.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 507.2 m 552.5 507.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.5 507.2 m 256.5 507.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 507.2 m 330.5 507.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330.5 507.2 m 404.5 507.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404.5 507.2 m 478.5 507.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 507.2 m 552.5 507.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.5 479.2 m 256.5 479.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256.5 479.2 m 330.5 479.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330.5 479.2 m 404.5 479.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404.5 479.2 m 478.5 479.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 479.2 m 552.5 479.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.5 479.2 m 256.5 479.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330.5 479.2 m 404.5 479.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 465.2 m 404.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 465.2 m 256.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 465.2 m 330.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 465.2 m 404.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 465.2 m 478.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 465.2 m 552.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 437.2 m 256.5 437.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 437.2 m 330.5 437.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 437.2 m 404.5 437.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 437.2 m 478.5 437.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 437.2 m 552.5 437.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 278.00 553.73 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.30 553.73 Td (Y) Tj ET Q q 0 0 0 rg BT 463.14 553.73 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 309.65 539.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.65 539.78 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.65 539.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.65 539.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 525.78 Td (Core-FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 259.00 525.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.20 525.73 Td (1) Tj ET Q q 0 0 0 rg BT 303.53 525.73 Td (1,782) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.00 525.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.20 525.73 Td (1) Tj ET Q q 0 0 0 rg BT 377.53 525.73 Td (1,177) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 407.00 525.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.20 525.73 Td (46,684) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.00 525.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.20 525.73 Td (39,948) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 511.78 Td (REIT) Tj ET Q q 0 0 0 rg BT 69.68 511.78 Td ( unit and Class B LP) Tj ET Q q 0 0 0 rg BT 140.13 511.78 Td ( distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.20 511.73 Td (1) Tj ET Q q 0 0 0 rg BT 303.53 511.73 Td (1,663) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.55 511.73 Td (8,629) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.20 511.73 Td (43,607) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.20 511.73 Td (30,026) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 497.78 Td (Excess of Core-FFO over distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 497.73 Td (1) Tj ET Q q 0 0 0 rg BT 314.38 497.73 Td (19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.55 497.73 Td (2,548) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.55 497.73 Td (3,077) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 525.55 497.73 Td (9,922) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 483.73 Td (Cash retained from DRIP) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 483.73 Td (239) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.05 483.73 Td (280) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.05 483.73 Td (933) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.05 483.73 Td (866) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 469.78 Td (Excess of Core-FFO over cash distributions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 259.00 469.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 469.73 Td (358) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.00 469.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.55 469.73 Td (2,828) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 407.00 469.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.55 469.73 Td (4,010) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.00 469.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.20 469.73 Td (10,788) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 455.73 Td (Core-FFO payout ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 307.85 455.73 Td (99.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.05 455.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.85 455.73 Td (77.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.05 455.73 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.85 455.73 Td (93.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.05 455.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.85 455.73 Td (75.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.05 455.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.00 441.73 Td (Core-FFO payout ratio after DRIP) Tj ET Q q 0 0 0 rg BT 168.33 441.73 Td ( ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 170.50 444.16 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 307.85 441.73 Td (97.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.05 441.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.85 441.73 Td (74.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.05 441.73 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.85 441.73 Td (91.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.05 441.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.85 441.73 Td (73.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.05 441.73 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 428.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.73 428.70 Td (Impact ) Tj ET Q q 0 0 0 rg BT 78.90 428.70 Td (after ) Tj ET Q q 0 0 0 rg BT 92.92 428.70 Td (DRIP) Tj ET Q q 0 0 0 rg BT 107.50 428.70 Td ( ) Tj ET Q q 0 0 0 rg BT 109.21 428.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 139.98 428.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 158.10 428.70 Td (DRIP) Tj ET Q q 0 0 0 rg BT 172.69 428.70 Td ( ) Tj ET Q q 0 0 0 rg BT 174.40 428.70 Td (levels ) Tj ET Q q 0 0 0 rg BT 191.83 428.70 Td (during ) Tj ET Q q 0 0 0 rg BT 210.64 428.70 Td (the ) Tj ET Q q 0 0 0 rg BT 220.90 428.70 Td (period.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 411.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 411.30 Td (table ) Tj ET Q q 0 0 0 rg BT 84.15 411.30 Td (below ) Tj ET Q q 0 0 0 rg BT 106.67 411.30 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 141.74 411.30 Td (the ) Tj ET Q q 0 0 0 rg BT 154.74 411.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 180.04 411.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.67 411.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 214.68 411.30 Td (capacity) Tj ET Q q 0 0 0 rg BT 242.70 411.30 Td (, ) Tj ET Q q 0 0 0 rg BT 247.03 411.30 Td (based ) Tj ET Q q 0 0 0 rg BT 270.42 411.30 Td (on ) Tj ET Q q 0 0 0 rg BT 280.83 411.30 Td (AFFO, ) Tj ET Q q 0 0 0 rg BT 305.94 411.30 Td (in ) Tj ET Q q 0 0 0 rg BT 314.17 411.30 Td (comparison ) Tj ET Q q 0 0 0 rg BT 356.60 411.30 Td (to ) Tj ET Q q 0 0 0 rg BT 365.27 411.30 Td (its ) Tj ET Q q 0 0 0 rg BT 375.23 411.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 393.85 411.30 Td (distributions: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 400.79999999999995 m 257 400.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257 400.79999999999995 m 331 400.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 400.79999999999995 m 405 400.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 400.79999999999995 m 479 400.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 400.79999999999995 m 554 400.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 372.79999999999995 m 257 372.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 372.79999999999995 m 331 372.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331 372.79999999999995 m 405 372.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405 372.79999999999995 m 479 372.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 372.79999999999995 m 554 372.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 372.79999999999995 m 331 372.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331 372.79999999999995 m 405 372.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405 372.79999999999995 m 479 372.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 372.79999999999995 m 554 372.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331 344.79999999999995 m 405 344.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405 344.79999999999995 m 479 344.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 344.79999999999995 m 554 344.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 344.79999999999995 m 257 344.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 344.79999999999995 m 331 344.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331 344.79999999999995 m 405 344.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405 344.79999999999995 m 479 344.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 344.79999999999995 m 554 344.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 316.79999999999995 m 257 316.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257 316.79999999999995 m 331 316.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331 316.79999999999995 m 405 316.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 405 316.79999999999995 m 479 316.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 316.79999999999995 m 554 316.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 316.79999999999995 m 257 316.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331 316.79999999999995 m 405 316.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 302.79999999999995 m 405 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 302.79999999999995 m 257 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257 302.79999999999995 m 331 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 302.79999999999995 m 405 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 302.79999999999995 m 479 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 302.79999999999995 m 554 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 274.79999999999995 m 257 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257 274.79999999999995 m 331 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 274.79999999999995 m 405 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 274.79999999999995 m 479 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 274.79999999999995 m 554 274.79999999999995 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 278.50 391.33 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 391.33 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 391.33 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.15 377.33 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.15 377.38 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 377.33 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 377.33 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 363.38 Td (AFFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 259.50 363.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 304.05 363.33 Td (9,528) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.50 363.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.05 363.33 Td (9,737) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 407.50 363.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 363.33 Td (39,727) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 363.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 363.33 Td (34,271) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 349.38 Td (REIT) Tj ET Q q 0 0 0 rg BT 70.18 349.38 Td ( unit and Class B LP) Tj ET Q q 0 0 0 rg BT 140.63 349.38 Td ( distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.70 349.33 Td (1) Tj ET Q q 0 0 0 rg BT 304.03 349.33 Td (1,663) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.05 349.33 Td (8,629) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 349.33 Td (43,607) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 349.33 Td (30,026) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 335.38 Td (Excess/ \(shortfall\) of ) Tj ET Q q 0 0 0 rg BT 125.03 335.38 Td (AFFO over distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.45 335.33 Td (\(2,135) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.55 335.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.05 335.33 Td (1,108) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.45 335.33 Td (\(3,880) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 335.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 335.33 Td (4,245) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 321.33 Td (Cash retained from DRIP) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.55 321.33 Td (239) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.55 321.33 Td (280) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.55 321.33 Td (933) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.55 321.33 Td (866) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 307.38 Td (Excess/ \(shortfall\) of ) Tj ET Q q 0 0 0 rg BT 124.82 307.38 Td (AFFO over cash distributions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 259.50 307.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.45 307.33 Td (\(1,896) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.55 307.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.50 307.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.05 307.33 Td (1,388) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 407.50 307.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.45 307.33 Td (\(2,947) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 307.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 307.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 307.33 Td (5,1) Tj ET Q q 0 0 0 rg BT 537.88 307.33 Td (1) Tj ET Q q 0 0 0 rg BT 542.21 307.33 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 293.33 Td (AFFO payout ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 304.05 293.33 Td (122.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.55 293.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.35 293.33 Td (88.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.55 293.33 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 293.33 Td (109.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 293.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 293.33 Td (87.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 293.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 279.33 Td (AFFO payout ratio after DRIP) Tj ET Q q 0 0 0 rg BT 154.55 279.33 Td ( ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 156.72 281.76 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 304.05 279.33 Td (1) Tj ET Q q 0 0 0 rg BT 308.38 279.33 Td (19.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.55 279.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.35 279.33 Td (85.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.55 279.33 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 279.33 Td (107.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 279.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 279.33 Td (85.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 279.33 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 266.30 Td (\(1\) Impact after DRIP) Tj ET Q q 0 0 0 rg BT 107.50 266.30 Td ( represents actual DRIP) Tj ET Q q 0 0 0 rg BT 172.69 266.30 Td ( levels during the period.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 248.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.92 248.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 90.04 248.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 108.49 248.90 Td (from ) Tj ET Q q 0 0 0 rg BT 126.06 248.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.54 248.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 192.41 248.90 Td (were ) Tj ET Q q 0 0 0 rg BT 211.28 248.90 Td (in ) Tj ET Q q 0 0 0 rg BT 219.33 248.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 245.57 248.90 Td (of ) Tj ET Q q 0 0 0 rg BT 254.06 248.90 Td (its ) Tj ET Q q 0 0 0 rg BT 263.85 248.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 307.41 248.90 Td (declared, ) Tj ET Q q 0 0 0 rg BT 341.45 248.90 Td (excluding ) Tj ET Q q 0 0 0 rg BT 376.36 248.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 397.83 248.90 Td (B ) Tj ET Q q 0 0 0 rg BT 405.01 248.90 Td (LP) Tj ET Q q 0 0 0 rg BT 414.41 248.90 Td ( ) Tj ET Q q 0 0 0 rg BT 416.40 248.90 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 462.13 248.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.62 248.90 Td ($9.0 ) Tj ET Q q 0 0 0 rg BT 487.77 248.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.85 248.90 Td ( ) Tj ET Q q 0 0 0 rg BT 511.84 248.90 Td (for ) Tj ET Q q 0 0 0 rg BT 522.92 248.90 Td (the ) Tj ET Q q 0 0 0 rg BT 535.74 248.90 Td (three ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 237.50 Td (months ) Tj ET Q q 0 0 0 rg BT 77.20 237.50 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 101.02 237.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 152.10 237.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 169.43 237.50 Td ( ) Tj ET Q q 0 0 0 rg BT 171.58 237.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 186.73 237.50 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 204.05 237.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 226.12 237.50 Td ( ) Tj ET Q q 0 0 0 rg BT 228.27 237.50 Td (for ) Tj ET Q q 0 0 0 rg BT 239.52 237.50 Td (the ) Tj ET Q q 0 0 0 rg BT 252.50 237.50 Td (year ) Tj ET Q q 0 0 0 rg BT 269.81 237.50 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 293.62 237.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 344.70 237.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 362.03 237.50 Td (. ) Tj ET Q q 0 0 0 rg BT 366.22 237.50 Td (The ) Tj ET Q q 0 0 0 rg BT 381.79 237.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 399.40 237.50 Td ( ) Tj ET Q q 0 0 0 rg BT 401.56 237.50 Td (has ) Tj ET Q q 0 0 0 rg BT 416.27 237.50 Td (maintained ) Tj ET Q q 0 0 0 rg BT 456.53 237.50 Td (a ) Tj ET Q q 0 0 0 rg BT 463.02 237.50 Td (consistent ) Tj ET Q q 0 0 0 rg BT 500.25 237.50 Td (distribution ) Tj ET Q q 0 0 0 rg BT 540.08 237.50 Td (rate ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (despite ) Tj ET Q q 0 0 0 rg BT 76.79 226.10 Td (period ) Tj ET Q q 0 0 0 rg BT 100.61 226.10 Td (over ) Tj ET Q q 0 0 0 rg BT 117.93 226.10 Td (period ) Tj ET Q q 0 0 0 rg BT 141.75 226.10 Td (variances ) Tj ET Q q 0 0 0 rg BT 177.26 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.49 226.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 204.12 226.10 Td (from ) Tj ET Q q 0 0 0 rg BT 221.86 226.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 256.52 226.10 Td (activities. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 208.70 Td (SEGMENTED INFORMA) Tj ET Q q 0 0 0 rg BT 136.78 208.70 Td (TION) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 191.30 Td (The REIT) Tj ET Q q 0 0 0 rg BT 82.70 191.30 Td ( has net operating income from three geographic locations. ) Tj ET Q q 0 0 0 rg BT 287.86 191.30 Td (The following is the REIT's NOI by geographic region for the three months ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 179.90 Td (ended December 31: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 169.39999999999998 m 254 169.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 169.39999999999998 m 329 169.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 169.39999999999998 m 404 169.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 169.39999999999998 m 479 169.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 169.39999999999998 m 554 169.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 141.39999999999998 m 254 141.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 141.39999999999998 m 329 141.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 141.39999999999998 m 404 141.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 141.39999999999998 m 479 141.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 141.39999999999998 m 554 141.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 141.39999999999998 m 329 141.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 141.39999999999998 m 404 141.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 99.39999999999998 m 404 99.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 99.39999999999998 m 554 99.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 99.39999999999998 m 254 99.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 86.39999999999998 m 254 86.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 99.39999999999998 m 329 99.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 86.39999999999998 m 329 86.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 99.39999999999998 m 404 99.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 86.39999999999998 m 404 86.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 99.39999999999998 m 479 99.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 86.39999999999998 m 479 86.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 99.39999999999998 m 554 99.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 86.39999999999998 m 554 86.39999999999998 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.15 159.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 159.93 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.60 145.93 Td (NOI) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 344.20 145.93 Td (Percentage \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.60 145.93 Td (NOI) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 496.35 145.93 Td (Percentage \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 131.98 Td (Atlantic) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 131.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 131.93 Td (8,050) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 381.35 131.93 Td (43.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.55 131.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.50 131.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.40 131.93 Td (7,732) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 131.93 Td (51.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 131.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 117.98 Td (Ontario) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 117.93 Td (8,804) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 381.35 117.93 Td (47.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.55 117.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.40 117.93 Td (5,825) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 117.93 Td (38.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 117.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 103.98 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 103.98 Td (estern) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 103.93 Td (1,635) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 385.70 103.93 Td (8.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.55 103.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.40 103.93 Td (1,508) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 103.93 Td (10.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 103.93 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 89.98 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 90.03 Td (18,489) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 377.05 89.98 Td (100.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.55 89.98 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.50 89.98 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.05 89.98 Td (15,065) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 89.98 Td (100.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 89.98 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 22) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The following is the REIT's NOI by geographic region for the year ended December 31: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 731.6 m 254 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 731.6 m 329 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 731.6 m 404 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 731.6 m 479 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 731.6 m 554 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 703.6 m 254 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 703.6 m 329 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 703.6 m 404 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 703.6 m 479 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 703.6 m 554 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 703.6 m 329 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 703.6 m 404 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 703.6 m 479 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 703.6 m 554 703.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 661.6 m 329 661.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 661.6 m 404 661.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 661.6 m 479 661.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 661.6 m 554 661.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 661.6 m 254 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 648.6 m 254 648.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 661.6 m 329 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 648.6 m 329 648.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 661.6 m 404 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 648.6 m 404 648.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 661.6 m 479 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 648.6 m 479 648.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 661.6 m 554 661.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 648.6 m 554 648.6 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.15 722.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 722.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.60 708.13 Td (NOI) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 344.20 708.13 Td (Percentage \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.60 708.13 Td (NOI) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 496.35 708.13 Td (Percentage \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 694.18 Td (Atlantic) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 694.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 694.18 Td (31,552) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 381.35 694.13 Td (45.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.55 694.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.50 694.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.05 694.13 Td (28,332) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 694.13 Td (52.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 694.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 680.18 Td (Ontario) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 680.18 Td (30,898) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 381.35 680.13 Td (44.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.55 680.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.05 680.13 Td (20,313) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 680.13 Td (37.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 680.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 666.18 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 666.18 Td (estern) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 666.13 Td (6,385) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 385.70 666.13 Td (9.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.55 666.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.40 666.13 Td (5,435) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 666.13 Td (10.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 666.13 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 652.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 652.23 Td (68,835) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 377.05 652.18 Td (100.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.55 652.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.50 652.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.05 652.18 Td (54,080) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 652.18 Td (100.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 652.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 631.70 Td (Atlantic) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 615.2 m 254 615.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 615.2 m 329 615.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 615.2 m 404 615.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 615.2 m 479 615.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 615.2 m 554 615.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 586.2 m 254 586.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 586.2 m 329 586.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 586.2 m 404 586.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 586.2 m 479 586.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 586.2 m 554 586.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 586.2 m 479 586.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 586.2 m 554 586.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 547.2 m 254 547.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 547.2 m 329 547.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 547.2 m 404 547.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 547.2 m 479 547.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 547.2 m 554 547.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 547.2 m 404 547.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 547.2 m 479 547.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 547.2 m 554 547.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 508.2 m 404 508.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 508.2 m 479 508.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 508.2 m 554 508.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 508.2 m 254 508.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 495.2 m 254 495.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 508.2 m 329 508.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 495.2 m 329 495.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 508.2 m 404 508.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 495.2 m 404 495.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 508.2 m 479 508.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 495.2 m 479 495.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 508.2 m 554 508.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 495.2 m 554 495.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 604.73 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 604.73 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 604.73 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 590.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 590.73 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 590.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 590.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 576.78 Td (# of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.85 576.78 Td (13) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.85 576.78 Td (1) Tj ET Q q 0 0 0 rg BT 392.18 576.78 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.85 576.78 Td (13) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.85 576.78 Td (1) Tj ET Q q 0 0 0 rg BT 542.18 576.78 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 563.78 Td (Owned GLA) Tj ET Q q 0 0 0 rg BT 94.73 563.78 Td ( \(000s of square feet\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 563.78 Td (2,583) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 563.78 Td (2,452) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 563.78 Td (2,583) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 563.78 Td (2,452) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 550.78 Td (Occupancy rate \(%\) \(period-end\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.35 550.78 Td (82.7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.55 550.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.35 550.78 Td (89.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 550.78 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.35 550.78 Td (82.7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 550.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 550.78 Td (89.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 550.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 537.78 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 537.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.70 537.78 Td (19,981) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.50 537.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 537.78 Td (20,1) Tj ET Q q 0 0 0 rg BT 387.86 537.78 Td (1) Tj ET Q q 0 0 0 rg BT 392.20 537.78 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 537.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 537.78 Td (75,876) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 537.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 537.78 Td (69,387) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 524.78 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 295.10 524.78 Td (\(1) Tj ET Q q 0 0 0 rg BT 302.03 524.78 Td (1,921) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.55 524.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 370.10 524.78 Td (\(12,129) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 524.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.10 524.78 Td (\(43,885) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 524.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.10 524.78 Td (\(40,349) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 524.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 511.78 Td (Straight-line rent and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.60 511.78 Td (\(9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.55 511.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.95 511.78 Td (\(250) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 511.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.95 511.78 Td (\(439) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 511.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.95 511.78 Td (\(706) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 511.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 498.78 Td (NOI) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.50 498.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 498.78 Td (8,050) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.50 498.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 498.78 Td (7,732) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.50 498.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 498.78 Td (31,552) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 498.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 498.78 Td (28,332) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 478.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 65.97 478.30 Td (for ) Tj ET Q q 0 0 0 rg BT 77.67 478.30 Td (the ) Tj ET Q q 0 0 0 rg BT 90.61 478.30 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 118.77 478.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 156.03 478.30 Td (has ) Tj ET Q q 0 0 0 rg BT 171.21 478.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 207.60 478.30 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.45 478.30 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 236.22 478.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 258.30 478.30 Td ( ) Tj ET Q q 0 0 0 rg BT 260.92 478.30 Td (for ) Tj ET Q q 0 0 0 rg BT 272.62 478.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 286.07 478.30 Td (three ) Tj ET Q q 0 0 0 rg BT 306.44 478.30 Td (months ) Tj ET Q q 0 0 0 rg BT 334.61 478.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 358.89 478.30 Td (December ) Tj ET Q q 0 0 0 rg BT 397.43 478.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.88 478.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.21 478.30 Td ( ) Tj ET Q q 0 0 0 rg BT 430.83 478.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.44 478.30 Td ($3.2 ) Tj ET Q q 0 0 0 rg BT 464.22 478.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.29 478.30 Td ( ) Tj ET Q q 0 0 0 rg BT 488.91 478.30 Td (for ) Tj ET Q q 0 0 0 rg BT 500.62 478.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 514.06 478.30 Td (year ) Tj ET Q q 0 0 0 rg BT 531.83 478.30 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 466.90 Td (December ) Tj ET Q q 0 0 0 rg BT 88.19 466.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 101.79 466.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 119.12 466.90 Td (, ) Tj ET Q q 0 0 0 rg BT 124.05 466.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 161.45 466.90 Td (to ) Tj ET Q q 0 0 0 rg BT 170.71 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 184.31 466.90 Td (same ) Tj ET Q q 0 0 0 rg BT 206.12 466.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 234.43 466.90 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.26 466.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 260.59 466.90 Td (. ) Tj ET Q q 0 0 0 rg BT 265.34 466.90 Td (The ) Tj ET Q q 0 0 0 rg BT 281.53 466.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 313.74 466.90 Td (in ) Tj ET Q q 0 0 0 rg BT 322.56 466.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 339.18 466.90 Td (in ) Tj ET Q q 0 0 0 rg BT 348.00 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 361.60 466.90 Td (current ) Tj ET Q q 0 0 0 rg BT 388.61 466.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 416.05 466.90 Td (over ) Tj ET Q q 0 0 0 rg BT 433.97 466.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 452.31 466.90 Td (year ) Tj ET Q q 0 0 0 rg BT 470.23 466.90 Td (is ) Tj ET Q q 0 0 0 rg BT 478.62 466.90 Td (a ) Tj ET Q q 0 0 0 rg BT 485.71 466.90 Td (result ) Tj ET Q q 0 0 0 rg BT 507.53 466.90 Td (of ) Tj ET Q q 0 0 0 rg BT 516.79 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 530.38 466.90 Td (REIT's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 455.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 88.64 455.50 Td (activity) Tj ET Q q 0 0 0 rg BT 111.89 455.50 Td (. ) Tj ET Q q 0 0 0 rg BT 116.39 455.50 Td (On ) Tj ET Q q 0 0 0 rg BT 128.65 455.50 Td (April ) Tj ET Q q 0 0 0 rg BT 146.57 455.50 Td (25, ) Tj ET Q q 0 0 0 rg BT 159.73 455.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 181.56 455.50 Td (the ) Tj ET Q q 0 0 0 rg BT 194.72 455.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 212.33 455.50 Td ( ) Tj ET Q q 0 0 0 rg BT 214.66 455.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 246.87 455.50 Td (two ) Tj ET Q q 0 0 0 rg BT 261.32 455.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 277.51 455.50 Td (occupied ) Tj ET Q q 0 0 0 rg BT 311.03 455.50 Td (of) Tj ET Q q 0 0 0 rg BT 317.39 455.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 331.85 455.50 Td (buildings ) Tj ET Q q 0 0 0 rg BT 364.93 455.50 Td (in ) Tj ET Q q 0 0 0 rg BT 373.32 455.50 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 417.22 455.50 Td (NB, ) Tj ET Q q 0 0 0 rg BT 432.53 455.50 Td (located ) Tj ET Q q 0 0 0 rg BT 459.99 455.50 Td (at ) Tj ET Q q 0 0 0 rg BT 468.82 455.50 Td (250 ) Tj ET Q q 0 0 0 rg BT 484.15 455.50 Td (King ) Tj ET Q q 0 0 0 rg BT 502.07 455.50 Td (Street ) Tj ET Q q 0 0 0 rg BT 525.19 455.50 Td (and ) Tj ET Q q 0 0 0 rg BT 540.51 455.50 Td (460 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 444.10 Td (T) Tj ET Q q 0 0 0 rg BT 53.83 444.10 Td (wo ) Tj ET Q q 0 0 0 rg BT 66.09 444.10 Td (Nations ) Tj ET Q q 0 0 0 rg BT 94.81 444.10 Td (Crossing. ) Tj ET Q q 0 0 0 rg BT 130.02 444.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 148.35 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.15 444.10 Td (these ) Tj ET Q q 0 0 0 rg BT 178.51 444.10 Td (newly ) Tj ET Q q 0 0 0 rg BT 200.73 444.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 232.92 444.10 Td (buildings ) Tj ET Q q 0 0 0 rg BT 265.97 444.10 Td (have ) Tj ET Q q 0 0 0 rg BT 285.17 444.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 326.03 444.10 Td (positively ) Tj ET Q q 0 0 0 rg BT 360.37 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.18 444.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 385.33 444.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.64 444.10 Td (are ) Tj ET Q q 0 0 0 rg BT 414.20 444.10 Td (occupied ) Tj ET Q q 0 0 0 rg BT 447.69 444.10 Td (by ) Tj ET Q q 0 0 0 rg BT 458.22 444.10 Td (government ) Tj ET Q q 0 0 0 rg BT 501.67 444.10 Td (tenants, ) Tj ET Q q 0 0 0 rg BT 531.70 444.10 Td (one ) Tj ET Q q 0 0 0 rg BT 547.00 444.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 432.70 Td (which ) Tj ET Q q 0 0 0 rg BT 71.58 432.70 Td (is ) Tj ET Q q 0 0 0 rg BT 79.37 432.70 Td (under ) Tj ET Q q 0 0 0 rg BT 101.46 432.70 Td (a ) Tj ET Q q 0 0 0 rg BT 107.96 432.70 Td (long-term ) Tj ET Q q 0 0 0 rg BT 143.03 432.70 Td (lease. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 415.30 Td (These ) Tj ET Q q 0 0 0 rg BT 73.45 415.30 Td (increases ) Tj ET Q q 0 0 0 rg BT 109.09 415.30 Td (to ) Tj ET Q q 0 0 0 rg BT 117.88 415.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 134.03 415.30 Td (from ) Tj ET Q q 0 0 0 rg BT 151.91 415.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 191.02 415.30 Td (activity ) Tj ET Q q 0 0 0 rg BT 217.13 415.30 Td (have ) Tj ET Q q 0 0 0 rg BT 236.32 415.30 Td (been ) Tj ET Q q 0 0 0 rg BT 255.95 415.30 Td (of) Tj ET Q q 0 0 0 rg BT 262.31 415.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 277.17 415.30 Td (by ) Tj ET Q q 0 0 0 rg BT 287.70 415.30 Td (maturing ) Tj ET Q q 0 0 0 rg BT 320.30 415.30 Td (leases, ) Tj ET Q q 0 0 0 rg BT 347.29 415.30 Td (specifically) Tj ET Q q 0 0 0 rg BT 384.39 415.30 Td (, ) Tj ET Q q 0 0 0 rg BT 388.85 415.30 Td (Bell ) Tj ET Q q 0 0 0 rg BT 403.69 415.30 Td (Aliant's ) Tj ET Q q 0 0 0 rg BT 430.86 415.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 451.78 415.30 Td (maturity ) Tj ET Q q 0 0 0 rg BT 481.79 415.30 Td (at ) Tj ET Q q 0 0 0 rg BT 490.58 415.30 Td (Brunswick ) Tj ET Q q 0 0 0 rg BT 528.37 415.30 Td (Square ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 403.90 Td (in ) Tj ET Q q 0 0 0 rg BT 57.97 403.90 Td (Saint ) Tj ET Q q 0 0 0 rg BT 78.14 403.90 Td (John, ) Tj ET Q q 0 0 0 rg BT 99.61 403.90 Td (NB, ) Tj ET Q q 0 0 0 rg BT 115.00 403.90 Td (and ) Tj ET Q q 0 0 0 rg BT 130.41 403.90 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 162.69 403.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 188.47 403.90 Td (in ) Tj ET Q q 0 0 0 rg BT 196.95 403.90 Td (Halifax, ) Tj ET Q q 0 0 0 rg BT 225.33 403.90 Td (NS ) Tj ET Q q 0 0 0 rg BT 238.56 403.90 Td (which ) Tj ET Q q 0 0 0 rg BT 260.89 403.90 Td (occupied ) Tj ET Q q 0 0 0 rg BT 294.48 403.90 Td (41,389 ) Tj ET Q q 0 0 0 rg BT 320.72 403.90 Td (square ) Tj ET Q q 0 0 0 rg BT 346.95 403.90 Td (feet ) Tj ET Q q 0 0 0 rg BT 362.36 403.90 Td (and ) Tj ET Q q 0 0 0 rg BT 377.76 403.90 Td (193,861 ) Tj ET Q q 0 0 0 rg BT 408.34 403.90 Td (square ) Tj ET Q q 0 0 0 rg BT 434.56 403.90 Td (feet, ) Tj ET Q q 0 0 0 rg BT 452.14 403.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 492.71 403.90 Td (. ) Tj ET Q q 0 0 0 rg BT 497.13 403.90 Td (T) Tj ET Q q 0 0 0 rg BT 501.03 403.90 Td (o ) Tj ET Q q 0 0 0 rg BT 507.77 403.90 Td (date ) Tj ET Q q 0 0 0 rg BT 525.34 403.90 Td (153,288 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 392.50 Td (square ) Tj ET Q q 0 0 0 rg BT 75.49 392.50 Td (feet ) Tj ET Q q 0 0 0 rg BT 90.65 392.50 Td (of ) Tj ET Q q 0 0 0 rg BT 99.32 392.50 Td (vacated ) Tj ET Q q 0 0 0 rg BT 128.77 392.50 Td (space ) Tj ET Q q 0 0 0 rg BT 151.73 392.50 Td (has ) Tj ET Q q 0 0 0 rg BT 166.46 392.50 Td (been ) Tj ET Q q 0 0 0 rg BT 185.95 392.50 Td (re-leased ) Tj ET Q q 0 0 0 rg BT 220.60 392.50 Td (at ) Tj ET Q q 0 0 0 rg BT 229.26 392.50 Td (32.0% ) Tj ET Q q 0 0 0 rg BT 253.52 392.50 Td (premium ) Tj ET Q q 0 0 0 rg BT 285.99 392.50 Td (to ) Tj ET Q q 0 0 0 rg BT 294.65 392.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 331.89 392.50 Td (in ) Tj ET Q q 0 0 0 rg BT 340.12 392.50 Td (place ) Tj ET Q q 0 0 0 rg BT 360.91 392.50 Td (rents. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 375.10 Td (Ontario) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 364.6 m 254 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 364.6 m 329 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 364.6 m 404 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 364.6 m 479 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 364.6 m 554 364.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 335.6 m 254 335.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 335.6 m 329 335.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 335.6 m 404 335.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 335.6 m 479 335.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 335.6 m 554 335.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 335.6 m 479 335.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 335.6 m 554 335.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 296.6 m 254 296.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 296.6 m 329 296.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 296.6 m 404 296.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 296.6 m 479 296.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 296.6 m 554 296.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 296.6 m 404 296.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 296.6 m 479 296.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 296.6 m 554 296.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 257.6 m 479 257.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 257.6 m 554 257.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 257.6 m 254 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 244.60000000000002 m 254 244.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 257.6 m 329 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 244.60000000000002 m 329 244.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 257.6 m 404 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 244.60000000000002 m 404 244.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 257.6 m 479 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 244.60000000000002 m 479 244.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 257.6 m 554 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 244.60000000000002 m 554 244.60000000000002 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 354.13 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 354.13 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 354.13 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 340.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 340.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 340.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 340.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 326.18 Td (# of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.85 326.18 Td (14) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.85 326.18 Td (12) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.85 326.18 Td (14) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.85 326.18 Td (12) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 313.18 Td (Owned GLA) Tj ET Q q 0 0 0 rg BT 94.73 313.18 Td ( \(000s of square feet\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 313.18 Td (2,890) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 313.18 Td (1,862) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 313.18 Td (2,890) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 313.18 Td (1,862) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 300.18 Td (Occupancy rate \(%\) \(period-end\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.35 300.18 Td (88.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.55 300.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.35 300.18 Td (83.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 300.18 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.35 300.18 Td (88.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 300.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 300.18 Td (83.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 300.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 287.18 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 287.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.70 287.18 Td (19,326) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.50 287.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 287.18 Td (1) Tj ET Q q 0 0 0 rg BT 377.03 287.18 Td (1,730) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 287.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 287.18 Td (63,867) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 287.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 287.18 Td (41,1) Tj ET Q q 0 0 0 rg BT 537.86 287.18 Td (14) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 274.18 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 295.10 274.18 Td (\(10,469) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.55 274.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.45 274.18 Td (\(5,664) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 274.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.10 274.18 Td (\(32,307) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 274.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.10 274.18 Td (\(19,983) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 274.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 261.18 Td (Straight-line rent and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.25 261.18 Td (\(53) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.55 261.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.95 261.18 Td (\(241) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 261.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.95 261.18 Td (\(662) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 261.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.95 261.18 Td (\(818) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 261.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 248.18 Td (NOI) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.50 248.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 248.18 Td (8,804) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.50 248.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 248.18 Td (5,825) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.50 248.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 248.18 Td (30,898) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 248.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 248.18 Td (20,313) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 227.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 65.84 227.70 Td (for ) Tj ET Q q 0 0 0 rg BT 77.42 227.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 90.74 227.70 Td (three ) Tj ET Q q 0 0 0 rg BT 110.98 227.70 Td (months ) Tj ET Q q 0 0 0 rg BT 139.02 227.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 163.17 227.70 Td (December ) Tj ET Q q 0 0 0 rg BT 201.58 227.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 214.90 227.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 232.23 227.70 Td ( ) Tj ET Q q 0 0 0 rg BT 234.72 227.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 251.06 227.70 Td ($8.8 ) Tj ET Q q 0 0 0 rg BT 268.71 227.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 290.79 227.70 Td ( ) Tj ET Q q 0 0 0 rg BT 293.27 227.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 330.40 227.70 Td (to ) Tj ET Q q 0 0 0 rg BT 339.39 227.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 355.73 227.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 364.71 227.70 Td ($5.8 ) Tj ET Q q 0 0 0 rg BT 382.36 227.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.44 227.70 Td ( ) Tj ET Q q 0 0 0 rg BT 406.93 227.70 Td (for ) Tj ET Q q 0 0 0 rg BT 418.50 227.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 431.82 227.70 Td (three ) Tj ET Q q 0 0 0 rg BT 452.07 227.70 Td (months ) Tj ET Q q 0 0 0 rg BT 480.10 227.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 504.25 227.70 Td (December ) Tj ET Q q 0 0 0 rg BT 542.67 227.70 Td (31, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 216.30 Td 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215.51 204.90 Td (Metro ) Tj ET Q q 0 0 0 rg BT 237.62 204.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 263.20 204.90 Td (and ) Tj ET Q q 0 0 0 rg BT 278.39 204.90 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 318.68 204.90 Td (W) Tj ET Q q 0 0 0 rg BT 325.90 204.90 Td (est ) Tj ET Q q 0 0 0 rg BT 338.49 204.90 Td (on ) Tj ET Q q 0 0 0 rg BT 348.92 204.90 Td (April ) Tj ET Q q 0 0 0 rg BT 366.70 204.90 Td (25, ) Tj ET Q q 0 0 0 rg BT 379.73 204.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 399.26 204.90 Td (and ) Tj ET Q q 0 0 0 rg BT 414.46 204.90 Td (May ) Tj ET Q q 0 0 0 rg BT 431.37 204.90 Td (25, ) Tj ET Q q 0 0 0 rg BT 444.40 204.90 Td (2017, ) Tj ET Q q 0 0 0 rg BT 466.10 204.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 506.67 204.90 Td (, ) Tj ET Q q 0 0 0 rg BT 511.03 204.90 Td (both ) Tj ET Q q 0 0 0 rg BT 528.39 204.90 Td (located ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 193.50 Td (in ) Tj ET Q q 0 0 0 rg BT 57.73 193.50 Td (Etobicoke, ) Tj ET Q q 0 0 0 rg BT 96.28 193.50 Td (ON, ) Tj ET Q q 0 0 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Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 89.42 176.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 115.49 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.73 176.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 159.40 176.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 186.34 176.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 232.76 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.51 176.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 257.61 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.92 176.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 285.49 176.10 Td (have ) Tj ET Q q 0 0 0 rg BT 304.64 176.10 Td (been ) Tj ET Q q 0 0 0 rg BT 324.21 176.10 Td (of) Tj ET Q q 0 0 0 rg BT 330.58 176.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 345.39 176.10 Td (by ) Tj ET Q q 0 0 0 rg BT 355.87 176.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 388.42 176.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 415.36 176.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 455.28 176.10 Td (at ) Tj ET Q q 0 0 0 rg BT 464.03 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.11 176.10 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 510.54 176.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 547.44 176.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 164.70 Td (Mississauga, ) Tj ET Q q 0 0 0 rg BT 97.06 164.70 Td (ON, ) Tj ET Q q 0 0 0 rg BT 113.43 164.70 Td (where ) Tj ET Q q 0 0 0 rg BT 137.17 164.70 Td (a ) Tj ET Q q 0 0 0 rg BT 144.03 164.70 Td (tenant ) Tj ET Q q 0 0 0 rg BT 168.22 164.70 Td (occupying ) Tj ET Q q 0 0 0 rg BT 205.83 164.70 Td (48,902 ) Tj ET Q q 0 0 0 rg BT 232.18 164.70 Td (square ) Tj ET Q q 0 0 0 rg BT 258.52 164.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 274.05 164.70 Td (vacated ) Tj ET Q q 0 0 0 rg BT 303.86 164.70 Td (in ) Tj ET Q q 0 0 0 rg BT 312.45 164.70 Td (the ) Tj ET Q q 0 0 0 rg BT 325.81 164.70 Td (first ) Tj ET Q q 0 0 0 rg BT 340.88 164.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 368.09 164.70 Td (of ) Tj ET Q q 0 0 0 rg BT 377.12 164.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 398.64 164.70 Td (At ) Tj ET Q q 0 0 0 rg BT 408.53 164.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.88 164.70 Td (end ) Tj ET Q q 0 0 0 rg BT 437.41 164.70 Td (of ) Tj ET Q q 0 0 0 rg BT 446.43 164.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 468.45 164.70 Td (8,400 ) Tj ET Q q 0 0 0 rg BT 490.47 164.70 Td (square ) Tj ET Q q 0 0 0 rg BT 516.82 164.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 532.34 164.70 Td (of ) Tj ET Q q 0 0 0 rg BT 541.36 164.70 Td (this ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 153.30 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 80.25 153.30 Td (had ) Tj ET Q q 0 0 0 rg BT 95.41 153.30 Td (been ) Tj ET Q q 0 0 0 rg BT 114.91 153.30 Td (re-leased.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 23) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.72 742.10 Td (estern) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 731.6 m 254 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 731.6 m 329 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 731.6 m 404 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 731.6 m 479 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 731.6 m 554 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 702.6 m 254 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 702.6 m 329 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 702.6 m 404 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 702.6 m 479 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 702.6 m 554 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 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s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 721.13 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 721.13 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 721.13 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 707.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 707.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 707.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 707.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 693.18 Td (# of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.85 693.18 Td (1) Tj ET Q q 0 0 0 rg BT 317.18 693.18 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.85 693.18 Td (12) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.85 693.18 Td (1) Tj ET Q q 0 0 0 rg BT 467.18 693.18 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.85 693.18 Td (12) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 680.18 Td (Owned GLA) Tj ET Q q 0 0 0 rg BT 94.73 680.18 Td ( \(000s of square 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9.50 Tf ET q 0 0 0 rg BT 524.45 641.18 Td (\(5,696) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 641.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 628.18 Td (Straight-line rent and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.25 628.18 Td (\(52) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.55 628.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.95 628.18 Td (\(134) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.55 628.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.95 628.18 Td (\(269) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.55 628.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.95 628.18 Td (\(559) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 628.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 615.18 Td (NOI) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.50 615.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 615.18 Td (1,635) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.50 615.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 615.18 Td (1,508) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.50 615.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 615.18 Td (6,385) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 615.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 615.18 Td (5,435) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 602.18 Td (NOI from Data Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 602.18 Td (1,525) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 602.18 Td (1,525) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 602.18 Td (6,100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 602.18 Td (6,099) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 589.18 Td (NOI including Data Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.50 589.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 589.18 Td (3,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.50 589.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 589.18 Td (3,033) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.50 589.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 589.18 Td (12,485) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 589.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 589.18 Td (1) Tj ET Q q 0 0 0 rg BT 527.03 589.18 Td (1,534) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 568.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 65.77 568.70 Td (for ) Tj ET Q q 0 0 0 rg BT 77.27 568.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 90.52 568.70 Td (three ) Tj ET Q q 0 0 0 rg BT 110.69 568.70 Td (months ) Tj ET Q q 0 0 0 rg BT 138.66 568.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.74 568.70 Td (December ) Tj ET Q q 0 0 0 rg BT 201.08 568.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 214.33 568.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.66 568.70 Td ( ) Tj ET Q q 0 0 0 rg BT 234.07 568.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.34 568.70 Td ($3.2 ) Tj ET Q q 0 0 0 rg BT 267.92 568.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 290.00 568.70 Td ( ) Tj ET Q q 0 0 0 rg BT 292.41 568.70 Td (including ) Tj ET Q q 0 0 0 rg BT 325.58 568.70 Td (the ) Tj ET Q q 0 0 0 rg BT 338.82 568.70 Td (income ) Tj ET Q q 0 0 0 rg BT 366.35 568.70 Td (from ) Tj ET Q q 0 0 0 rg BT 384.35 568.70 Td (the ) Tj ET Q q 0 0 0 rg BT 397.60 568.70 Td (Data ) Tj ET Q q 0 0 0 rg BT 416.46 568.70 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 444.43 568.70 Td (an ) Tj ET Q q 0 0 0 rg BT 455.51 568.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 487.37 568.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 496.28 568.70 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 513.86 568.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.94 568.70 Td ( ) Tj ET Q q 0 0 0 rg BT 538.35 568.70 Td (over ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 557.30 Td (the ) Tj ET Q q 0 0 0 rg BT 61.97 557.30 Td (comparable ) Tj ET Q q 0 0 0 rg BT 104.32 557.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 129.78 557.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 145.27 557.30 Td (for ) Tj ET Q q 0 0 0 rg BT 156.01 557.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 168.48 557.30 Td (year ) Tj ET Q q 0 0 0 rg BT 185.28 557.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 208.58 557.30 Td (December ) Tj ET Q q 0 0 0 rg BT 246.16 557.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 258.63 557.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 275.96 557.30 Td ( ) Tj ET Q q 0 0 0 rg BT 277.60 557.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 293.09 557.30 Td (8.2%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 310.85 557.30 Td ( ) Tj ET Q q 0 0 0 rg BT 312.49 557.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 335.79 557.30 Td (than ) Tj ET Q q 0 0 0 rg BT 352.59 557.30 Td (in ) Tj ET Q q 0 0 0 rg BT 360.30 557.30 Td (the ) Tj ET Q q 0 0 0 rg BT 372.77 557.30 Td (same ) Tj ET Q q 0 0 0 rg BT 393.46 557.30 Td (period ) Tj ET Q q 0 0 0 rg BT 416.76 557.30 Td (in ) Tj ET Q q 0 0 0 rg BT 424.46 557.30 Td (2016. ) Tj ET Q q 0 0 0 rg BT 445.60 557.30 Td (Changes ) Tj ET Q q 0 0 0 rg BT 478.42 557.30 Td (to ) Tj ET Q q 0 0 0 rg BT 486.57 557.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 502.06 557.30 Td (are ) Tj ET Q q 0 0 0 rg BT 514.96 557.30 Td (attributable ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 545.90 Td (to ) Tj ET Q q 0 0 0 rg BT 58.01 545.90 Td (same ) Tj ET Q q 0 0 0 rg BT 79.07 545.90 Td (property ) Tj ET Q q 0 0 0 rg BT 109.66 545.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 136.36 545.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 162.18 545.90 Td (as ) Tj ET Q q 0 0 0 rg BT 172.42 545.90 Td (well ) Tj ET Q q 0 0 0 rg BT 187.85 545.90 Td (as ) Tj ET Q q 0 0 0 rg BT 198.08 545.90 Td (the ) Tj ET Q q 0 0 0 rg BT 210.93 545.90 Td (disposition ) Tj ET Q q 0 0 0 rg BT 249.75 545.90 Td (of ) Tj ET Q q 0 0 0 rg BT 258.26 545.90 Td (Grande ) Tj ET Q q 0 0 0 rg BT 286.25 545.90 Td (Prairie, ) Tj ET Q q 0 0 0 rg BT 312.94 545.90 Td (in ) Tj ET Q q 0 0 0 rg BT 320.62 545.90 Td (Alberta, ) Tj ET Q q 0 0 0 rg BT 349.48 545.90 Td (which ) Tj ET Q q 0 0 0 rg BT 371.40 545.90 Td (was ) Tj ET Q q 0 0 0 rg BT 387.26 545.90 Td (a ) Tj ET Q q 0 0 0 rg BT 393.60 545.90 Td (vacant ) Tj ET Q q 0 0 0 rg BT 418.57 545.90 Td (building, ) Tj ET Q q 0 0 0 rg BT 449.60 545.90 Td (contributing ) Tj ET Q q 0 0 0 rg BT 491.89 545.90 Td (negatively ) Tj ET Q q 0 0 0 rg BT 528.98 545.90 Td (to ) Tj ET Q q 0 0 0 rg BT 537.49 545.90 Td (NOI. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 534.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.95 534.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 85.43 534.50 Td (Centre ) Tj ET Q q 0 0 0 rg BT 111.84 534.50 Td (is ) Tj ET Q q 0 0 0 rg BT 120.49 534.50 Td (accounted ) Tj ET Q q 0 0 0 rg BT 159.47 534.50 Td (for ) Tj ET Q q 0 0 0 rg BT 171.59 534.50 Td (as ) Tj ET Q q 0 0 0 rg BT 182.84 534.50 Td (a ) Tj ET Q q 0 0 0 rg BT 190.20 534.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 218.35 534.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 240.00 534.50 Td (and ) Tj ET Q q 0 0 0 rg BT 256.03 534.50 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 308.42 534.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 337.00 534.50 Td (income ) Tj ET Q q 0 0 0 rg BT 365.14 534.50 Td (is ) Tj ET Q q 0 0 0 rg BT 373.80 534.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 407.57 534.50 Td (below ) Tj ET Q q 0 0 0 rg BT 430.94 534.50 Td (net ) Tj ET Q q 0 0 0 rg BT 444.80 534.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 480.31 534.50 Td (income ) Tj ET Q q 0 0 0 rg BT 508.45 534.50 Td (and ) Tj ET Q q 0 0 0 rg BT 524.48 534.50 Td (principal ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 523.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 92.37 523.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 118.36 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.36 523.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 160.81 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.48 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.48 523.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 203.27 523.10 Td (receivable. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 505.70 Td (REVENUE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 488.30 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 83.73 488.30 Td (from ) Tj ET Q q 0 0 0 rg BT 102.37 488.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 140.06 488.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 171.70 488.30 Td (rent ) Tj ET Q q 0 0 0 rg BT 188.17 488.30 Td (from ) Tj ET Q q 0 0 0 rg BT 206.81 488.30 Td (tenants ) Tj ET Q q 0 0 0 rg BT 235.42 488.30 Td (under ) Tj ET Q q 0 0 0 rg BT 258.39 488.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 280.07 488.30 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 326.43 488.30 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 369.75 488.30 Td (rental ) Tj ET Q q 0 0 0 rg BT 392.29 488.30 Td (income, ) Tj ET Q q 0 0 0 rg BT 422.62 488.30 Td (percentage ) Tj ET Q q 0 0 0 rg BT 464.66 488.30 Td (rents, ) Tj ET Q q 0 0 0 rg BT 487.20 488.30 Td (property ) Tj ET Q q 0 0 0 rg BT 518.83 488.30 Td (taxes ) Tj ET Q q 0 0 0 rg BT 540.51 488.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 476.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 84.15 476.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 100.61 476.90 Td (recoveries, ) Tj ET Q q 0 0 0 rg BT 140.88 476.90 Td (parking ) Tj ET Q q 0 0 0 rg BT 168.60 476.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 198.92 476.90 Td (and ) Tj ET Q q 0 0 0 rg BT 214.08 476.90 Td (other ) Tj ET Q q 0 0 0 rg BT 234.00 476.90 Td (incidental ) Tj ET Q q 0 0 0 rg BT 269.09 476.90 Td (income. ) Tj ET Q q 0 0 0 rg BT 298.40 476.90 Td (The ) Tj ET Q q 0 0 0 rg BT 313.99 476.90 Td (following ) Tj ET Q q 0 0 0 rg BT 346.47 476.90 Td (is ) Tj ET Q q 0 0 0 rg BT 354.26 476.90 Td (a ) Tj ET Q q 0 0 0 rg BT 360.76 476.90 Td (summary ) Tj ET Q q 0 0 0 rg BT 394.96 476.90 Td (of ) Tj ET Q q 0 0 0 rg BT 403.62 476.90 Td (the ) Tj ET Q q 0 0 0 rg BT 416.62 476.90 Td (components ) Tj ET Q q 0 0 0 rg BT 461.23 476.90 Td (of ) Tj ET Q q 0 0 0 rg BT 469.90 476.90 Td (revenue: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 460.4 m 254 460.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 460.4 m 329 460.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 460.4 m 404 460.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 460.4 m 479 460.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 460.4 m 554 460.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 436.4 m 254 436.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 436.4 m 329 436.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 436.4 m 404 436.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 436.4 m 479 436.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 436.4 m 554 436.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 436.4 m 254 436.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 436.4 m 329 436.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 436.4 m 404 436.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 436.4 m 479 436.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 436.4 m 554 436.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 376.4 m 254 376.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 376.4 m 329 376.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 376.4 m 404 376.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 376.4 m 479 376.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 376.4 m 554 376.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 361.4 m 254 361.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 361.4 m 329 361.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 361.4 m 404 361.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 361.4 m 479 361.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 361.4 m 554 361.4 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 450.98 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 450.98 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 450.98 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 438.98 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 438.98 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 438.98 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 438.98 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 425.93 Td (Property base rent) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 116.59 428.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 425.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 425.98 Td (22,076) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 425.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 425.93 Td (18,201) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 425.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 425.93 Td (82,001) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 425.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 425.93 Td (65,202) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 410.93 Td (Operating cost and tax recoveries) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 410.98 Td (17,895) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 410.93 Td (14,251) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 410.93 Td (59,749) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 410.93 Td (46,796) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 395.93 Td (Hotel) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 395.93 Td (2,294) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 395.93 Td (2,017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 395.93 Td (9,016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 395.93 Td (8,109) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 380.93 Td (Straight-line adjustments and other) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 380.93 Td (1) Tj ET Q q 0 0 0 rg BT 317.23 380.93 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 380.93 Td (625) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 380.93 Td (1,370) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 380.93 Td (2,083) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 365.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 365.98 Td (42,380) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 365.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 365.93 Td (35,094) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 365.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 365.93 Td (152,136) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 365.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 365.93 Td (122,190) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 352.90 Td (\(1\) Includes parking revenue earned at properties. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 335.50 Td (For ) Tj ET Q q 0 0 0 rg BT 63.25 335.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.15 335.50 Td (three ) Tj ET Q q 0 0 0 rg BT 95.98 335.50 Td (months ) Tj ET Q q 0 0 0 rg BT 123.60 335.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 147.33 335.50 Td (December ) Tj ET Q q 0 0 0 rg BT 185.33 335.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 198.23 335.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.56 335.50 Td (, ) Tj ET Q q 0 0 0 rg BT 219.79 335.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 250.01 335.50 Td (from ) Tj ET Q q 0 0 0 rg BT 267.66 335.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 304.38 335.50 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 320.29 335.50 Td ($42.4 ) Tj ET Q q 0 0 0 rg BT 341.86 335.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 363.94 335.50 Td ( ) Tj ET Q q 0 0 0 rg BT 366.00 335.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 402.72 335.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.28 335.50 Td ($35.1 ) Tj ET Q q 0 0 0 rg BT 432.85 335.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.92 335.50 Td ( ) Tj ET Q q 0 0 0 rg BT 456.99 335.50 Td (for ) Tj ET Q q 0 0 0 rg BT 468.15 335.50 Td (the ) Tj ET Q q 0 0 0 rg BT 481.05 335.50 Td (same ) Tj ET Q q 0 0 0 rg BT 502.17 335.50 Td (period ) Tj ET Q q 0 0 0 rg BT 525.90 335.50 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.03 335.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 551.36 335.50 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.29 324.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 97.11 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.54 324.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 136.06 324.10 Td (for ) Tj ET Q q 0 0 0 rg BT 147.53 324.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 160.73 324.10 Td (year ) Tj ET Q q 0 0 0 rg BT 178.25 324.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 202.28 324.10 Td (December ) Tj ET Q q 0 0 0 rg BT 240.59 324.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 253.79 324.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 271.12 324.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.49 324.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 289.71 324.10 Td ($29.9 ) Tj ET Q q 0 0 0 rg BT 311.57 324.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.65 324.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.02 324.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 367.82 324.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 399.64 324.10 Td (from ) Tj ET Q q 0 0 0 rg BT 417.59 324.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 442.91 324.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 472.99 324.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 498.74 324.10 Td (from ) Tj ET Q q 0 0 0 rg BT 516.69 324.10 Td (acquisition ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 312.70 Td (activity) Tj ET Q q 0 0 0 rg BT 72.75 312.70 Td (. ) Tj ET Q q 0 0 0 rg BT 77.08 312.70 Td (The ) Tj ET Q q 0 0 0 rg BT 92.82 312.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 110.43 312.70 Td ( ) Tj ET Q q 0 0 0 rg BT 112.74 312.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 151.00 312.70 Td (the ) Tj ET Q q 0 0 0 rg BT 164.14 312.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 203.27 312.70 Td (of ) Tj ET Q q 0 0 0 rg BT 212.08 312.70 Td (W) Tj ET Q q 0 0 0 rg BT 219.30 312.70 Td (est ) Tj ET Q q 0 0 0 rg BT 232.00 312.70 Td (Metro ) Tj ET Q q 0 0 0 rg BT 254.23 312.70 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 291.18 312.70 Td (Centre ) Tj ET Q q 0 0 0 rg BT 316.87 312.70 Td (and ) Tj ET Q q 0 0 0 rg BT 332.18 312.70 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 372.58 312.70 Td (W) Tj ET Q q 0 0 0 rg BT 379.80 312.70 Td (est ) Tj ET Q q 0 0 0 rg BT 392.51 312.70 Td (in ) Tj ET Q q 0 0 0 rg BT 400.89 312.70 Td (Etobicoke, ) Tj ET Q q 0 0 0 rg BT 439.58 312.70 Td (ON ) Tj ET Q q 0 0 0 rg BT 453.58 312.70 Td (and ) Tj ET Q q 0 0 0 rg BT 468.89 312.70 Td (250 ) Tj ET Q q 0 0 0 rg BT 484.20 312.70 Td (King ) Tj ET Q q 0 0 0 rg BT 502.10 312.70 Td (Street ) Tj ET Q q 0 0 0 rg BT 525.20 312.70 Td (and ) Tj ET Q q 0 0 0 rg BT 540.51 312.70 Td (460 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 301.30 Td (T) Tj ET Q q 0 0 0 rg BT 53.83 301.30 Td (wo ) Tj ET Q q 0 0 0 rg BT 66.20 301.30 Td (Nations ) Tj ET Q q 0 0 0 rg BT 95.03 301.30 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 128.18 301.30 Td (in ) Tj ET Q q 0 0 0 rg BT 136.65 301.30 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 180.63 301.30 Td (NB. ) Tj ET Q q 0 0 0 rg BT 195.88 301.30 Td (These ) Tj ET Q q 0 0 0 rg BT 219.95 301.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 259.17 301.30 Td (have ) Tj ET Q q 0 0 0 rg BT 278.48 301.30 Td (positively ) Tj ET Q q 0 0 0 rg BT 312.94 301.30 Td (contributed ) Tj ET Q q 0 0 0 rg BT 353.90 301.30 Td (to ) Tj ET Q q 0 0 0 rg BT 362.81 301.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 393.38 301.30 Td (during ) Tj ET Q q 0 0 0 rg BT 417.44 301.30 Td (the ) Tj ET Q q 0 0 0 rg BT 430.69 301.30 Td (quarter) Tj ET Q q 0 0 0 rg BT 454.94 301.30 Td (. ) Tj ET Q q 0 0 0 rg BT 459.52 301.30 Td (In ) Tj ET Q q 0 0 0 rg BT 468.44 301.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 490.35 301.30 Td (the ) Tj ET Q q 0 0 0 rg BT 503.59 301.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 521.20 301.30 Td ( ) Tj ET Q q 0 0 0 rg BT 523.61 301.30 Td (acquired ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 289.90 Td (the ) Tj ET Q q 0 0 0 rg BT 63.15 289.90 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 96.72 289.90 Td (Complex ) Tj ET Q q 0 0 0 rg BT 130.28 289.90 Td (located ) Tj ET Q q 0 0 0 rg BT 158.22 289.90 Td (in ) Tj ET Q q 0 0 0 rg BT 167.11 289.90 Td (Markham, ) Tj ET Q q 0 0 0 rg BT 204.56 289.90 Td (ON ) Tj ET Q q 0 0 0 rg BT 219.07 289.90 Td (in ) Tj ET Q q 0 0 0 rg BT 227.95 289.90 Td (June ) Tj ET Q q 0 0 0 rg BT 247.67 289.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 269.98 289.90 Td (365 ) Tj ET Q q 0 0 0 rg BT 285.80 289.90 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 320.66 289.90 Td (St., ) Tj ET Q q 0 0 0 rg BT 335.18 289.90 Td (in ) Tj ET Q q 0 0 0 rg BT 344.06 289.90 Td (Winnipeg, ) Tj ET Q q 0 0 0 rg BT 381.52 289.90 Td (MB ) Tj ET Q q 0 0 0 rg BT 396.03 289.90 Td (in ) Tj ET Q q 0 0 0 rg BT 404.92 289.90 Td (September ) Tj ET Q q 0 0 0 rg BT 445.84 289.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 468.16 289.90 Td (as ) Tj ET Q q 0 0 0 rg BT 479.21 289.90 Td (well ) Tj ET Q q 0 0 0 rg BT 495.45 289.90 Td (as ) Tj ET Q q 0 0 0 rg BT 506.50 289.90 Td (the ) Tj ET Q q 0 0 0 rg BT 520.15 289.90 Td (additional ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 278.50 Td (ownership ) Tj ET Q q 0 0 0 rg BT 86.66 278.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 118.20 278.50 Td (in ) Tj ET Q q 0 0 0 rg BT 125.92 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 138.41 278.50 Td (St. ) Tj ET Q q 0 0 0 rg BT 149.59 278.50 Td (John's ) Tj ET Q q 0 0 0 rg BT 173.54 278.50 Td (Places ) Tj ET Q q 0 0 0 rg BT 198.58 278.50 Td (from ) Tj ET Q q 0 0 0 rg BT 215.81 278.50 Td (49% ) Tj ET Q q 0 0 0 rg BT 233.06 278.50 Td (June ) Tj ET Q q 0 0 0 rg BT 251.61 278.50 Td (15, ) Tj ET Q q 0 0 0 rg BT 264.10 278.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 283.09 278.50 Td (to ) Tj ET Q q 0 0 0 rg BT 291.24 278.50 Td (100% ) Tj ET Q q 0 0 0 rg BT 312.82 278.50 Td (at ) Tj ET Q q 0 0 0 rg BT 320.98 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 333.47 278.50 Td (end ) Tj ET Q q 0 0 0 rg BT 348.12 278.50 Td (of ) Tj ET Q q 0 0 0 rg BT 356.28 278.50 Td (the ) Tj ET Q q 0 0 0 rg BT 368.77 278.50 Td (2016. ) Tj ET Q q 0 0 0 rg BT 389.82 278.50 Td (The ) Tj ET Q q 0 0 0 rg BT 404.90 278.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 423.88 278.50 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 466.25 278.50 Td (had ) Tj ET Q q 0 0 0 rg BT 480.91 278.50 Td (full ) Tj ET Q q 0 0 0 rg BT 492.52 278.50 Td (year ) Tj ET Q q 0 0 0 rg BT 509.33 278.50 Td (contributions ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.73 267.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 79.39 267.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 117.07 267.10 Td (revenue.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 249.70 Td (These ) Tj ET Q q 0 0 0 rg BT 73.81 249.70 Td (positive ) Tj ET Q q 0 0 0 rg BT 102.88 249.70 Td (contributions ) Tj ET Q q 0 0 0 rg BT 149.71 249.70 Td (to ) Tj ET Q q 0 0 0 rg BT 158.86 249.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 175.37 249.70 Td (from ) Tj ET Q q 0 0 0 rg BT 193.60 249.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 233.07 249.70 Td (activity ) Tj ET Q q 0 0 0 rg BT 259.54 249.70 Td (were ) Tj ET Q q 0 0 0 rg BT 279.08 249.70 Td (of) Tj ET Q q 0 0 0 rg BT 285.44 249.70 Td (fset ) Tj ET Q q 0 0 0 rg BT 300.66 249.70 Td (by ) Tj ET Q q 0 0 0 rg BT 311.54 249.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 343.65 249.70 Td (in ) Tj ET Q q 0 0 0 rg BT 352.37 249.70 Td (same-property ) Tj ET Q q 0 0 0 rg BT 405.25 249.70 Td (rental ) Tj ET Q q 0 0 0 rg BT 427.39 249.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 458.20 249.70 Td (due ) Tj ET Q q 0 0 0 rg BT 473.85 249.70 Td (to ) Tj ET Q q 0 0 0 rg BT 483.00 249.70 Td (transitional ) Tj ET Q q 0 0 0 rg BT 523.33 249.70 Td (vacancy) Tj ET Q q 0 0 0 rg BT 551.35 249.70 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 238.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 80.72 238.30 Td (at ) Tj ET Q q 0 0 0 rg BT 89.01 238.30 Td (the ) Tj ET Q q 0 0 0 rg BT 101.64 238.30 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 134.61 238.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 171.05 238.30 Td (in ) Tj ET Q q 0 0 0 rg BT 178.91 238.30 Td (Mississauga, ) Tj ET Q q 0 0 0 rg BT 225.73 238.30 Td (ON ) Tj ET Q q 0 0 0 rg BT 239.21 238.30 Td (\(48,902 ) Tj ET Q q 0 0 0 rg BT 267.42 238.30 Td (square ) Tj ET Q q 0 0 0 rg BT 293.04 238.30 Td (feet\), ) Tj ET Q q 0 0 0 rg BT 312.59 238.30 Td (Brunswick ) Tj ET Q q 0 0 0 rg BT 349.87 238.30 Td (Square ) Tj ET Q q 0 0 0 rg BT 376.78 238.30 Td (in ) Tj ET Q q 0 0 0 rg BT 384.64 238.30 Td (Saint ) Tj ET Q q 0 0 0 rg BT 404.19 238.30 Td (John, ) Tj ET Q q 0 0 0 rg BT 425.04 238.30 Td (NB ) Tj ET Q q 0 0 0 rg BT 437.65 238.30 Td (\(41,389 ) Tj ET Q q 0 0 0 rg BT 465.86 238.30 Td (square ) Tj ET Q q 0 0 0 rg BT 491.48 238.30 Td (feet\) ) Tj ET Q q 0 0 0 rg BT 508.86 238.30 Td (and ) Tj ET Q q 0 0 0 rg BT 523.65 238.30 Td (Maritime ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 226.90 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 77.80 226.90 Td (in ) Tj ET Q q 0 0 0 rg BT 86.63 226.90 Td (Halifax, ) Tj ET Q q 0 0 0 rg BT 115.36 226.90 Td (NS ) Tj ET Q q 0 0 0 rg BT 128.94 226.90 Td (\(193,861 ) Tj ET Q q 0 0 0 rg BT 162.45 226.90 Td (square ) Tj ET Q q 0 0 0 rg BT 189.03 226.90 Td (feet\). ) Tj ET Q q 0 0 0 rg BT 209.38 226.90 Td (These ) Tj ET Q q 0 0 0 rg BT 233.79 226.90 Td (transitional ) Tj ET Q q 0 0 0 rg BT 274.22 226.90 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 311.63 226.90 Td (have ) Tj ET Q q 0 0 0 rg BT 331.28 226.90 Td (been ) Tj ET Q q 0 0 0 rg BT 351.37 226.90 Td (of) Tj ET Q q 0 0 0 rg BT 357.74 226.90 Td (fset, ) Tj ET Q q 0 0 0 rg BT 375.22 226.90 Td (in ) Tj ET Q q 0 0 0 rg BT 384.04 226.90 Td (part, ) Tj ET Q q 0 0 0 rg BT 402.39 226.90 Td (by ) Tj ET Q q 0 0 0 rg BT 413.38 226.90 Td (positive ) Tj ET Q q 0 0 0 rg BT 442.56 226.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 470.01 226.90 Td (throughout ) Tj ET Q q 0 0 0 rg BT 510.02 226.90 Td (the ) Tj ET Q q 0 0 0 rg BT 523.61 226.90 Td (portfolio, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 215.50 Td (including ) Tj ET Q q 0 0 0 rg BT 82.13 215.50 Td (a ) Tj ET Q q 0 0 0 rg BT 88.35 215.50 Td (154,018 ) Tj ET Q q 0 0 0 rg BT 118.39 215.50 Td (square ) Tj ET Q q 0 0 0 rg BT 144.10 215.50 Td (foot ) Tj ET Q q 0 0 0 rg BT 158.98 215.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 179.48 215.50 Td (with ) Tj ET Q q 0 0 0 rg BT 195.22 215.50 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 226.56 215.50 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 262.65 215.50 Td (in ) Tj ET Q q 0 0 0 rg BT 270.60 215.50 Td (St. ) Tj ET Q q 0 0 0 rg BT 282.01 215.50 Td (John's, ) Tj ET Q q 0 0 0 rg BT 308.35 215.50 Td (NL. ) Tj ET Q q 0 0 0 rg BT 322.35 215.50 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 353.69 215.50 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 389.79 215.50 Td (is ) Tj ET Q q 0 0 0 rg BT 397.30 215.50 Td (a ) Tj ET Q q 0 0 0 rg BT 403.51 215.50 Td (sub-tenant ) Tj ET Q q 0 0 0 rg BT 442.21 215.50 Td (of ) Tj ET Q q 0 0 0 rg BT 450.59 215.50 Td (Bell ) Tj ET Q q 0 0 0 rg BT 465.09 215.50 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 486.46 215.50 Td (until ) Tj ET Q q 0 0 0 rg BT 502.64 215.50 Td (2020. ) Tj ET Q q 0 0 0 rg BT 523.90 215.50 Td (The ) Tj ET Q q 0 0 0 rg BT 539.21 215.50 Td (new ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 204.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 70.09 204.10 Td (has ) Tj ET Q q 0 0 0 rg BT 84.61 204.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 114.29 204.10 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 145.71 204.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 181.89 204.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.92 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.71 204.10 Td (building ) Tj ET Q q 0 0 0 rg BT 231.53 204.10 Td (for ) Tj ET Q q 0 0 0 rg BT 242.58 204.10 Td (an ) Tj ET Q q 0 0 0 rg BT 253.21 204.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 288.53 204.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 299.16 204.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 322.34 204.10 Td (through ) Tj ET Q q 0 0 0 rg BT 350.72 204.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.19 204.10 Td (2030. ) Tj ET Q q 0 0 0 rg BT 380.65 204.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.49 204.10 Td (The ) Tj ET Q q 0 0 0 rg BT 397.88 204.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 415.48 204.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.45 204.10 Td (also ) Tj ET Q q 0 0 0 rg BT 433.70 204.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 471.61 204.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.91 204.10 Td (new ) Tj ET Q q 0 0 0 rg BT 494.16 204.10 Td (5-year ) Tj ET Q q 0 0 0 rg BT 518.20 204.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 538.79 204.10 Td (deal ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 192.70 Td (with ) Tj ET Q q 0 0 0 rg BT 65.52 192.70 Td (V) Tj ET Q q 0 0 0 rg BT 70.29 192.70 Td (olta ) Tj ET Q q 0 0 0 rg BT 85.02 192.70 Td (Labs ) Tj ET Q q 0 0 0 rg BT 104.08 192.70 Td (for ) Tj ET Q q 0 0 0 rg BT 115.33 192.70 Td (58,178 ) Tj ET Q q 0 0 0 rg BT 141.33 192.70 Td (square ) Tj ET Q q 0 0 0 rg BT 167.32 192.70 Td (feet, ) Tj ET Q q 0 0 0 rg BT 184.65 192.70 Td (of ) Tj ET Q q 0 0 0 rg BT 193.31 192.70 Td (which ) Tj ET Q q 0 0 0 rg BT 215.39 192.70 Td (18,284 ) Tj ET Q q 0 0 0 rg BT 241.39 192.70 Td (square ) Tj ET Q q 0 0 0 rg BT 267.38 192.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 282.54 192.70 Td (was ) Tj ET Q q 0 0 0 rg BT 298.56 192.70 Td (already ) Tj ET Q q 0 0 0 rg BT 326.27 192.70 Td (being ) Tj ET Q q 0 0 0 rg BT 347.50 192.70 Td (leased ) Tj ET Q q 0 0 0 rg BT 372.63 192.70 Td (by ) Tj ET Q q 0 0 0 rg BT 383.02 192.70 Td (V) Tj ET Q q 0 0 0 rg BT 387.79 192.70 Td (olta. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 175.30 Td (PROPERTY) Tj ET Q q 0 0 0 rg BT 92.21 175.30 Td ( ) Tj ET Q q 0 0 0 rg BT 94.38 175.30 Td (OPERA) Tj ET Q q 0 0 0 rg BT 121.51 175.30 Td (TING ) Tj ET Q q 0 0 0 rg BT 142.28 175.30 Td (RECOVERIES ) Tj ET Q q 0 0 0 rg BT 195.24 175.30 Td (AND ) Tj ET Q q 0 0 0 rg BT 214.27 175.30 Td (EXPENSES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 157.90 Td (Property ) Tj ET Q q 0 0 0 rg BT 81.38 157.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 116.29 157.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 152.08 157.90 Td (consist ) Tj ET Q q 0 0 0 rg BT 178.76 157.90 Td (of ) Tj ET Q q 0 0 0 rg BT 187.70 157.90 Td (property ) Tj ET Q q 0 0 0 rg BT 218.71 157.90 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 241.93 157.90 Td (property ) Tj ET Q q 0 0 0 rg BT 272.95 157.90 Td (management ) Tj ET Q q 0 0 0 rg BT 320.85 157.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 338.01 157.90 Td (and ) Tj ET Q q 0 0 0 rg BT 353.44 157.90 Td (other ) Tj ET Q q 0 0 0 rg BT 373.63 157.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 409.42 157.90 Td (such ) Tj ET Q q 0 0 0 rg BT 428.31 157.90 Td (as ) Tj ET Q q 0 0 0 rg BT 438.97 157.90 Td (common ) Tj ET Q q 0 0 0 rg BT 471.28 157.90 Td (area ) Tj ET Q q 0 0 0 rg BT 489.30 157.90 Td (costs, ) Tj ET Q q 0 0 0 rg BT 512.09 157.90 Td (utilities, ) Tj ET Q q 0 0 0 rg BT 540.51 157.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 146.50 Td (insurance. ) Tj ET Q q 0 0 0 rg BT 87.50 146.50 Td (The ) Tj ET Q q 0 0 0 rg BT 103.11 146.50 Td (majority ) Tj ET Q q 0 0 0 rg BT 132.57 146.50 Td (of ) Tj ET Q q 0 0 0 rg BT 141.26 146.50 Td (the ) Tj ET Q q 0 0 0 rg BT 154.27 146.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 173.61 146.50 Td (s ) Tj ET Q q 0 0 0 rg BT 179.70 146.50 Td (property ) Tj ET Q q 0 0 0 rg BT 210.46 146.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 245.14 146.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 280.68 146.50 Td (are ) Tj ET Q q 0 0 0 rg BT 294.12 146.50 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 337.02 146.50 Td (from ) Tj ET Q q 0 0 0 rg BT 354.78 146.50 Td (tenants ) Tj ET Q q 0 0 0 rg BT 382.53 146.50 Td (in ) Tj ET Q q 0 0 0 rg BT 390.78 146.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 433.25 146.50 Td (with ) Tj ET Q q 0 0 0 rg BT 449.29 146.50 Td (the ) Tj ET Q q 0 0 0 rg BT 462.31 146.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 483.97 146.50 Td (of ) Tj ET Q q 0 0 0 rg BT 492.66 146.50 Td (the ) Tj ET Q q 0 0 0 rg BT 505.68 146.50 Td (tenants) Tj ET Q q 0 0 0 rg BT 532.68 146.50 Td ( ) Tj ET Q q 0 0 0 rg BT 534.87 146.50 Td (lease ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 135.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 94.56 135.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 130.52 135.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 146.56 135.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 184.25 135.10 Td (are ) Tj ET Q q 0 0 0 rg BT 197.26 135.10 Td (included ) Tj ET Q q 0 0 0 rg BT 228.03 135.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.84 135.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 265.74 135.10 Td (from ) Tj ET Q q 0 0 0 rg BT 283.07 135.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 319.47 135.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.21 135.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 370.61 135.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.86 135.10 Td ($17.9 ) Tj ET Q q 0 0 0 rg BT 400.11 135.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 422.18 135.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.93 135.10 Td (for ) Tj ET Q q 0 0 0 rg BT 434.78 135.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 447.36 135.10 Td (three ) Tj ET Q q 0 0 0 rg BT 466.86 135.10 Td (months ) Tj ET Q q 0 0 0 rg BT 494.16 135.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 517.58 135.10 Td (December ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 123.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 62.08 123.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 79.41 123.70 Td ( ) Tj ET Q q 0 0 0 rg BT 81.15 123.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 117.54 123.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 125.79 123.70 Td ($14.3 ) Tj ET Q q 0 0 0 rg BT 147.03 123.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 169.10 123.70 Td ( ) Tj ET Q q 0 0 0 rg BT 170.85 123.70 Td (for ) Tj ET Q q 0 0 0 rg BT 181.69 123.70 Td (the ) Tj ET Q q 0 0 0 rg BT 194.26 123.70 Td (same ) Tj ET Q q 0 0 0 rg BT 215.06 123.70 Td (period ) Tj ET Q q 0 0 0 rg BT 238.46 123.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 246.27 123.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 263.60 123.70 Td (, ) Tj ET Q q 0 0 0 rg BT 267.51 123.70 Td (while ) Tj ET Q q 0 0 0 rg BT 287.01 123.70 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 324.69 123.70 Td (for ) Tj ET Q q 0 0 0 rg BT 335.53 123.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.10 123.70 Td (year ) Tj ET Q q 0 0 0 rg BT 365.00 123.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 388.41 123.70 Td (December ) Tj ET Q q 0 0 0 rg BT 426.09 123.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 438.67 123.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.00 123.70 Td ( ) Tj ET Q q 0 0 0 rg BT 457.74 123.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.48 123.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 489.81 123.70 Td ( ) Tj ET Q q 0 0 0 rg BT 491.56 123.70 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 510.19 123.70 Td ($59.7 ) Tj ET Q q 0 0 0 rg BT 531.43 123.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 112.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 64.87 112.30 Td ($46.8 ) Tj ET Q q 0 0 0 rg BT 86.74 112.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 108.82 112.30 Td (, ) Tj ET Q q 0 0 0 rg BT 113.36 112.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 153.93 112.30 Td (. ) Tj ET Q q 0 0 0 rg BT 158.47 112.30 Td (Property ) Tj ET Q q 0 0 0 rg BT 190.28 112.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 225.14 112.30 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 263.45 112.30 Td (and ) Tj ET Q q 0 0 0 rg BT 278.82 112.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 314.55 112.30 Td (have ) Tj ET Q q 0 0 0 rg BT 333.82 112.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 369.97 112.30 Td (in-line ) Tj ET Q q 0 0 0 rg BT 393.13 112.30 Td (with ) Tj ET Q q 0 0 0 rg BT 409.35 112.30 Td (the ) Tj ET Q q 0 0 0 rg BT 422.56 112.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 454.38 112.30 Td (in ) Tj ET Q q 0 0 0 rg BT 462.82 112.30 Td (property ) Tj ET Q q 0 0 0 rg BT 493.77 112.30 Td (base ) Tj ET Q q 0 0 0 rg BT 513.04 112.30 Td (rent, ) Tj ET Q q 0 0 0 rg BT 531.00 112.30 Td (mainly ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 100.90 Td (attributable ) Tj ET Q q 0 0 0 rg BT 90.22 100.90 Td (to ) Tj ET Q q 0 0 0 rg BT 98.88 100.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 137.86 100.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 163.84 100.90 Td (of) Tj ET Q q 0 0 0 rg BT 170.21 100.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 184.94 100.90 Td (by ) Tj ET Q q 0 0 0 rg BT 195.33 100.90 Td (transitional ) Tj ET Q q 0 0 0 rg BT 235.17 100.90 Td (vacancies.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 83.50 Td (GENERAL) Tj ET Q q 0 0 0 rg BT 87.44 83.50 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 83.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 108.08 83.50 Td (ADMINISTRA) Tj ET Q q 0 0 0 rg BT 156.40 83.50 Td (TIVE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 66.10 Td (General ) Tj ET Q q 0 0 0 rg BT 79.64 66.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.06 66.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 145.55 66.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 181.33 66.10 Td (are ) Tj ET Q q 0 0 0 rg BT 195.01 66.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 226.87 66.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 265.23 66.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.15 66.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 295.20 66.10 Td (management ) Tj ET Q q 0 0 0 rg BT 343.10 66.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 362.42 66.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 406.85 66.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 426.17 66.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 452.42 66.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 471.74 66.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.16 66.10 Td (other ) Tj ET Q q 0 0 0 rg BT 507.34 66.10 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 541.81 66.10 Td (For ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 54.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 61.96 54.70 Td (three ) Tj ET Q q 0 0 0 rg BT 81.34 54.70 Td (months ) Tj ET Q q 0 0 0 rg BT 108.51 54.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 131.80 54.70 Td (December ) Tj ET Q q 0 0 0 rg BT 169.35 54.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 181.81 54.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 199.14 54.70 Td (, ) Tj ET Q q 0 0 0 rg BT 202.93 54.70 Td (general ) Tj ET Q q 0 0 0 rg BT 230.54 54.70 Td (and ) Tj ET Q q 0 0 0 rg BT 245.16 54.70 Td (administrative ) Tj ET Q q 0 0 0 rg BT 294.85 54.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 329.82 54.70 Td (have ) Tj ET Q q 0 0 0 rg BT 348.34 54.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 383.75 54.70 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.60 54.70 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 410.39 54.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 432.46 54.70 Td ( ) Tj ET Q q 0 0 0 rg BT 434.09 54.70 Td (when ) Tj ET Q q 0 0 0 rg BT 454.33 54.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 490.60 54.70 Td (to ) Tj ET Q q 0 0 0 rg BT 498.72 54.70 Td (the ) Tj ET Q q 0 0 0 rg BT 511.18 54.70 Td (same ) Tj ET Q q 0 0 0 rg BT 531.85 54.70 Td (period ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 24) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.16 742.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.49 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 80.10 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.12 742.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 128.17 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.83 742.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 172.78 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 181.01 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.94 742.10 Td (result ) Tj ET Q q 0 0 0 rg BT 209.60 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.70 742.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 242.95 742.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 264.17 742.10 Td (management ) Tj ET Q q 0 0 0 rg BT 312.25 742.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 329.58 742.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 338.67 742.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 356.44 742.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.52 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 383.28 742.10 Td (while ) Tj ET Q q 0 0 0 rg BT 403.63 742.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 448.24 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.84 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 484.19 742.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 501.52 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 521.02 742.10 Td (remained ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (consistent ) Tj ET Q q 0 0 0 rg BT 86.75 730.70 Td (period ) Tj ET Q q 0 0 0 rg BT 110.57 730.70 Td (over ) Tj ET Q q 0 0 0 rg BT 127.89 730.70 Td (period. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (General ) Tj ET Q q 0 0 0 rg BT 79.38 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 94.54 713.30 Td (administrative ) Tj ET Q q 0 0 0 rg BT 144.76 713.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 180.27 713.30 Td (have ) Tj ET Q q 0 0 0 rg BT 199.33 713.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 235.27 713.30 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 245.66 713.30 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 262.98 713.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 285.06 713.30 Td ( ) Tj ET Q q 0 0 0 rg BT 287.22 713.30 Td (for ) Tj ET Q q 0 0 0 rg BT 298.48 713.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.47 713.30 Td (year ) Tj ET Q q 0 0 0 rg BT 328.78 713.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 352.61 713.30 Td (December ) Tj ET Q q 0 0 0 rg BT 390.70 713.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 403.69 713.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 421.02 713.30 Td ( ) Tj ET Q q 0 0 0 rg BT 423.19 713.30 Td (when ) Tj ET Q q 0 0 0 rg BT 443.97 713.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 480.77 713.30 Td (to ) Tj ET Q q 0 0 0 rg BT 489.43 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 502.42 713.30 Td (same ) Tj ET Q q 0 0 0 rg BT 523.63 713.30 Td (period ) Tj ET Q q 0 0 0 rg BT 547.45 713.30 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 71.16 701.90 Td (The ) Tj ET Q q 0 0 0 rg BT 86.90 701.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 118.66 701.90 Td (is ) Tj ET Q q 0 0 0 rg BT 126.60 701.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 151.42 701.90 Td (attributable ) Tj ET Q q 0 0 0 rg BT 192.28 701.90 Td (to ) Tj ET Q q 0 0 0 rg BT 201.09 701.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 225.06 701.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 245.99 701.90 Td (management ) Tj ET Q q 0 0 0 rg BT 293.78 701.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 310.82 701.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 319.63 701.90 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 337.10 701.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.18 701.90 Td ( ) Tj ET Q q 0 0 0 rg BT 361.49 701.90 Td (for ) Tj ET Q q 0 0 0 rg BT 372.90 701.90 Td (that ) Tj ET Q q 0 0 0 rg BT 388.21 701.90 Td (period. ) Tj ET Q q 0 0 0 rg BT 414.19 701.90 Td (The ) Tj ET Q q 0 0 0 rg BT 429.93 701.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 461.69 701.90 Td (in ) Tj ET Q q 0 0 0 rg BT 470.06 701.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 491.00 701.90 Td (management ) Tj ET Q q 0 0 0 rg BT 538.78 701.90 Td (fees ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 690.50 Td (is ) Tj ET Q q 0 0 0 rg BT 57.29 690.50 Td (directly ) Tj ET Q q 0 0 0 rg BT 84.14 690.50 Td (correlated ) Tj ET Q q 0 0 0 rg BT 120.95 690.50 Td (with ) Tj ET Q q 0 0 0 rg BT 136.97 690.50 Td (the ) Tj ET Q q 0 0 0 rg BT 149.96 690.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 181.58 690.50 Td (in ) Tj ET Q q 0 0 0 rg BT 189.81 690.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 219.69 690.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 244.38 690.50 Td (from ) Tj ET Q q 0 0 0 rg BT 262.13 690.50 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 305.00 690.50 Td (as ) Tj ET Q q 0 0 0 rg BT 315.40 690.50 Td (it ) Tj ET Q q 0 0 0 rg BT 321.46 690.50 Td (is ) Tj ET Q q 0 0 0 rg BT 329.26 690.50 Td (calculated ) Tj ET Q q 0 0 0 rg BT 366.50 690.50 Td (as ) Tj ET Q q 0 0 0 rg BT 376.90 690.50 Td (a ) Tj ET Q q 0 0 0 rg BT 383.40 690.50 Td (fixed ) Tj ET Q q 0 0 0 rg BT 402.02 690.50 Td (percentage ) Tj ET Q q 0 0 0 rg BT 443.17 690.50 Td (of ) Tj ET Q q 0 0 0 rg BT 451.84 690.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 473.06 690.50 Td (book ) Tj ET Q q 0 0 0 rg BT 492.12 690.50 Td (value. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (During ) Tj ET Q q 0 0 0 rg BT 74.46 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.31 673.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 111.56 673.10 Td (, ) Tj ET Q q 0 0 0 rg BT 115.75 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.59 673.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 146.20 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.22 673.10 Td (recorded ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 180.98 673.10 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 198.16 673.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 220.24 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.25 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.33 673.10 Td (general ) Tj ET Q q 0 0 0 rg BT 258.33 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.35 673.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 323.43 673.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 358.80 673.10 Td (related ) Tj ET Q q 0 0 0 rg BT 384.63 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.15 673.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 413.35 673.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.46 673.10 Td (property ) Tj ET Q q 0 0 0 rg BT 455.06 673.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 493.89 673.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 540.51 673.10 Td (that ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 661.70 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 661.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.11 661.70 Td ( ) Tj ET Q q 0 0 0 rg BT 82.27 661.70 Td (decided ) Tj ET Q q 0 0 0 rg BT 111.73 661.70 Td (not ) Tj ET Q q 0 0 0 rg BT 124.73 661.70 Td (to ) Tj ET Q q 0 0 0 rg BT 133.39 661.70 Td (pursue, ) Tj ET Q q 0 0 0 rg BT 161.55 661.70 Td (due ) Tj ET Q q 0 0 0 rg BT 176.71 661.70 Td (to ) Tj ET Q q 0 0 0 rg BT 185.38 661.70 Td (its ) Tj ET Q q 0 0 0 rg BT 195.34 661.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 235.18 661.70 Td (parameters ) Tj ET Q q 0 0 0 rg BT 276.75 661.70 Td (having ) Tj ET Q q 0 0 0 rg BT 301.87 661.70 Td (not ) Tj ET Q q 0 0 0 rg BT 314.87 661.70 Td (been ) Tj ET Q q 0 0 0 rg BT 334.36 661.70 Td (met. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 644.30 Td (INTEREST ) Tj ET Q q 0 0 0 rg BT 89.90 644.30 Td (AND ) Tj ET Q q 0 0 0 rg BT 108.93 644.30 Td (FINANCE ) Tj ET Q q 0 0 0 rg BT 145.71 644.30 Td (COSTS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 626.90 Td (Interest ) Tj ET Q q 0 0 0 rg BT 77.65 626.90 Td (and ) Tj ET Q q 0 0 0 rg BT 92.82 626.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 120.11 626.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.46 626.90 Td (are ) Tj ET Q q 0 0 0 rg BT 153.89 626.90 Td (comprised ) Tj ET Q q 0 0 0 rg BT 191.99 626.90 Td (of ) Tj ET Q q 0 0 0 rg BT 200.66 626.90 Td (the ) Tj ET Q q 0 0 0 rg BT 213.65 626.90 Td (following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 616.4 m 254 616.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 616.4 m 329 616.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 616.4 m 404 616.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 616.4 m 479 616.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 616.4 m 554 616.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 588.4 m 254 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 588.4 m 329 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 588.4 m 404 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 588.4 m 479 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 588.4 m 554 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 588.4 m 479 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 588.4 m 554 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 518.4 m 254 518.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 518.4 m 329 518.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 518.4 m 404 518.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 518.4 m 479 518.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 518.4 m 554 518.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 518.4 m 254 518.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 504.4 m 254 504.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 518.4 m 329 518.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 504.4 m 329 504.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 518.4 m 404 518.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 504.4 m 404 504.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 518.4 m 479 518.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 504.4 m 479 504.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 518.4 m 554 518.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 504.4 m 554 504.4 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 606.93 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 606.93 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 606.93 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 592.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 592.93 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 592.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 592.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 578.93 Td (Mortgage interest) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 578.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 578.93 Td (4,416) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 578.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 578.93 Td (2,561) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 578.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 578.93 Td (14,205) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 578.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 578.93 Td (9,438) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 564.93 Td (Interest on other debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 564.93 Td (2,601) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 564.93 Td (2,405) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 564.93 Td (10,095) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 564.93 Td (8,478) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 550.93 Td (Amortization of deferred transaction costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 550.93 Td (508) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 550.93 Td (304) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 550.93 Td (1,845) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 550.93 Td (1,159) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 536.93 Td (Amortization of debt mark-to-market adjustment ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 536.98 Td (\(151) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 536.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.30 536.93 Td (\(127) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 536.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.30 536.93 Td (\(562) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 536.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 536.93 Td (\(294) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 536.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 522.93 Td (Subscription receipts equivalent amount) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 190.66 525.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.10 522.98 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.10 522.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 522.93 Td (926) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 522.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 508.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 508.93 Td (7,374) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 508.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 508.93 Td (5,143) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 508.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 508.93 Td (26,509) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 508.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 508.93 Td (18,781) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 495.90 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.81 495.90 Td (On ) Tj ET Q q 0 0 0 rg BT 68.45 495.90 Td (April ) Tj ET Q q 0 0 0 rg BT 82.54 495.90 Td (25, ) Tj ET Q q 0 0 0 rg BT 92.88 495.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 108.36 495.90 Td (each ) Tj ET Q q 0 0 0 rg BT 123.48 495.90 Td (subscription ) Tj ET Q q 0 0 0 rg BT 158.10 495.90 Td (receipt ) Tj ET Q q 0 0 0 rg BT 178.35 495.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 197.92 495.90 Td (by ) Tj ET Q q 0 0 0 rg BT 206.21 495.90 Td (the ) Tj ET Q q 0 0 0 rg BT 216.55 495.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 230.45 495.90 Td ( ) Tj ET Q q 0 0 0 rg BT 232.24 495.90 Td (on ) Tj ET Q q 0 0 0 rg BT 240.87 495.90 Td (March ) Tj ET Q q 0 0 0 rg BT 259.75 495.90 Td (15, ) Tj ET Q q 0 0 0 rg BT 270.09 495.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 285.56 495.90 Td (was ) Tj ET Q q 0 0 0 rg BT 298.29 495.90 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 330.17 495.90 Td (for ) Tj ET Q q 0 0 0 rg BT 339.14 495.90 Td (one ) Tj ET Q q 0 0 0 rg BT 351.20 495.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 362.90 495.90 Td (and ) Tj ET Q q 0 0 0 rg BT 374.96 495.90 Td (a ) Tj ET Q q 0 0 0 rg BT 380.17 495.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 394.95 495.90 Td (distribution ) Tj ET Q q 0 0 0 rg BT 426.49 495.90 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 456.32 495.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 481.70 495.90 Td (of ) Tj ET Q q 0 0 0 rg BT 488.62 495.90 Td ($0.0625 ) Tj ET Q q 0 0 0 rg BT 512.64 495.90 Td (\(being ) Tj ET Q q 0 0 0 rg BT 531.53 495.90 Td (equal ) Tj ET Q q 0 0 0 rg BT 548.37 495.90 Td (to ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 486.90 Td (the ) Tj ET Q q 0 0 0 rg BT 59.77 486.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 89.19 486.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 111.42 486.90 Td (of ) Tj ET Q q 0 0 0 rg BT 118.27 486.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 152.81 486.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 166.15 486.90 Td (by ) Tj ET Q q 0 0 0 rg BT 174.37 486.90 Td (the ) Tj ET Q q 0 0 0 rg BT 184.64 486.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 198.54 486.90 Td ( ) Tj ET Q q 0 0 0 rg BT 200.26 486.90 Td (per ) Tj ET Q q 0 0 0 rg BT 210.86 486.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 222.50 486.90 Td (for ) Tj ET Q q 0 0 0 rg BT 231.39 486.90 Td (which ) Tj ET Q q 0 0 0 rg BT 248.83 486.90 Td (record ) Tj ET Q q 0 0 0 rg BT 267.98 486.90 Td (dates ) Tj ET Q q 0 0 0 rg BT 284.75 486.90 Td (occurred ) Tj ET Q q 0 0 0 rg BT 310.40 486.90 Td (between ) Tj ET Q q 0 0 0 rg BT 335.36 486.90 Td (March ) Tj ET Q q 0 0 0 rg BT 354.17 486.90 Td (15, ) Tj ET Q q 0 0 0 rg BT 364.44 486.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 379.84 486.90 Td (and ) Tj ET Q q 0 0 0 rg BT 391.48 486.90 Td (April ) Tj ET Q q 0 0 0 rg BT 405.50 486.90 Td (25, ) Tj ET Q q 0 0 0 rg BT 415.77 486.90 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 434.82 486.90 Td (The ) Tj ET Q q 0 0 0 rg BT 447.13 486.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 461.84 486.90 Td (distribution ) Tj ET Q q 0 0 0 rg BT 493.31 486.90 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 523.07 486.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 548.38 486.90 Td (of ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 477.90 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 63.18 477.90 Td (million) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 80.61 477.90 Td ( ) Tj ET Q q 0 0 0 rg BT 82.32 477.90 Td (has ) Tj ET Q q 0 0 0 rg BT 93.95 477.90 Td (been ) Tj ET Q q 0 0 0 rg BT 109.34 477.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 135.32 477.90 Td (in ) Tj ET Q q 0 0 0 rg BT 141.82 477.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 163.70 477.90 Td (and ) Tj ET Q q 0 0 0 rg BT 175.68 477.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 197.22 477.90 Td (costs. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 460.50 Td (For ) Tj ET Q q 0 0 0 rg BT 63.33 460.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.30 460.50 Td (three ) Tj ET Q q 0 0 0 rg BT 96.20 460.50 Td (months ) Tj ET Q q 0 0 0 rg BT 123.89 460.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 147.70 460.50 Td (December ) Tj ET Q q 0 0 0 rg BT 185.77 460.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 198.74 460.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 216.07 460.50 Td (, ) Tj ET Q q 0 0 0 rg BT 220.38 460.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 248.08 460.50 Td (and ) Tj ET Q q 0 0 0 rg BT 263.22 460.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 290.48 460.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 310.81 460.50 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.83 460.50 Td ($7.4 ) Tj ET Q q 0 0 0 rg BT 347.14 460.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 369.22 460.50 Td (, ) Tj ET Q q 0 0 0 rg BT 373.53 460.50 Td (which ) Tj ET Q q 0 0 0 rg BT 395.58 460.50 Td (has ) Tj ET Q q 0 0 0 rg BT 410.29 460.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 446.21 460.50 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.58 460.50 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 473.88 460.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.96 460.50 Td ( ) Tj ET Q q 0 0 0 rg BT 498.10 460.50 Td (when ) Tj ET Q q 0 0 0 rg BT 518.86 460.50 Td (compared ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.30 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.43 449.10 Td (same ) Tj ET Q q 0 0 0 rg BT 92.78 449.10 Td (period ) Tj ET Q q 0 0 0 rg BT 116.73 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.09 449.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 146.89 449.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 175.17 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.47 449.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 217.89 449.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 238.38 449.10 Td (have ) Tj ET Q q 0 0 0 rg BT 257.57 449.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 293.65 449.10 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 304.18 449.10 Td ($7.7 ) Tj ET Q q 0 0 0 rg BT 321.64 449.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 343.72 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.02 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.41 449.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 370.54 449.10 Td (year ) Tj ET Q q 0 0 0 rg BT 387.99 449.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 411.95 449.10 Td (December ) Tj ET Q q 0 0 0 rg BT 450.18 449.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 463.31 449.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.64 449.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.11 449.10 Td (During ) Tj ET Q q 0 0 0 rg BT 510.35 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.48 449.10 Td (year) Tj ET Q q 0 0 0 rg BT 538.21 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 542.68 449.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 437.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 67.11 437.70 Td ( ) Tj ET Q q 0 0 0 rg BT 69.34 437.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 107.51 437.70 Td (the ) Tj ET Q q 0 0 0 rg BT 120.57 437.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 159.61 437.70 Td (of ) Tj ET Q q 0 0 0 rg BT 168.34 437.70 Td (W) Tj ET Q q 0 0 0 rg BT 175.56 437.70 Td (est ) Tj ET Q q 0 0 0 rg BT 188.18 437.70 Td (Metro ) Tj ET Q q 0 0 0 rg BT 210.32 437.70 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 247.19 437.70 Td (Centre ) Tj ET Q q 0 0 0 rg BT 272.80 437.70 Td (and ) Tj ET Q q 0 0 0 rg BT 288.02 437.70 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 328.34 437.70 Td (W) Tj ET Q q 0 0 0 rg BT 335.56 437.70 Td (est ) Tj ET Q q 0 0 0 rg BT 348.18 437.70 Td (in ) Tj ET Q q 0 0 0 rg BT 356.47 437.70 Td (Etobicoke, ) Tj ET Q q 0 0 0 rg BT 395.08 437.70 Td (ON ) Tj ET Q q 0 0 0 rg BT 408.99 437.70 Td (and ) Tj ET Q q 0 0 0 rg BT 424.22 437.70 Td (250 ) Tj ET Q q 0 0 0 rg BT 439.44 437.70 Td (King ) Tj ET Q q 0 0 0 rg BT 457.26 437.70 Td (Street ) Tj ET Q q 0 0 0 rg BT 480.28 437.70 Td (and ) Tj ET Q q 0 0 0 rg BT 495.50 437.70 Td (460 ) Tj ET Q q 0 0 0 rg BT 510.59 437.70 Td (T) Tj ET Q q 0 0 0 rg BT 514.92 437.70 Td (wo ) Tj ET Q q 0 0 0 rg BT 527.11 437.70 Td (Nations ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 426.30 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 81.99 426.30 Td (in ) Tj ET Q q 0 0 0 rg BT 89.82 426.30 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 133.14 426.30 Td (NB. ) Tj ET Q q 0 0 0 rg BT 147.78 426.30 Td (The ) Tj ET Q q 0 0 0 rg BT 162.96 426.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 180.57 426.30 Td ( ) Tj ET Q q 0 0 0 rg BT 182.33 426.30 Td (assumed ) Tj ET Q q 0 0 0 rg BT 215.70 426.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 254.26 426.30 Td (in ) Tj ET Q q 0 0 0 rg BT 262.08 426.30 Td (connection ) Tj ET Q q 0 0 0 rg BT 301.53 426.30 Td (with ) Tj ET Q q 0 0 0 rg BT 317.14 426.30 Td (the ) Tj ET Q q 0 0 0 rg BT 329.73 426.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 368.30 426.30 Td (of ) Tj ET Q q 0 0 0 rg BT 376.56 426.30 Td (W) Tj ET Q q 0 0 0 rg BT 383.77 426.30 Td (est ) Tj ET Q q 0 0 0 rg BT 395.93 426.30 Td (Metro ) Tj ET Q q 0 0 0 rg BT 417.60 426.30 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 454.00 426.30 Td (Centre ) Tj ET Q q 0 0 0 rg BT 479.13 426.30 Td (and ) Tj ET Q q 0 0 0 rg BT 493.89 426.30 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 533.74 426.30 Td (W) Tj ET Q q 0 0 0 rg BT 540.96 426.30 Td (est, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 414.90 Td (which ) Tj ET Q q 0 0 0 rg BT 71.18 414.90 Td (have ) Tj ET Q q 0 0 0 rg BT 89.84 414.90 Td (contributed ) Tj ET Q q 0 0 0 rg BT 130.16 414.90 Td (to ) Tj ET Q q 0 0 0 rg BT 138.42 414.90 Td (the ) Tj ET Q q 0 0 0 rg BT 151.02 414.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 182.23 414.90 Td (in ) Tj ET Q q 0 0 0 rg BT 190.06 414.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 217.38 414.90 Td (costs. ) Tj ET Q q 0 0 0 rg BT 239.50 414.90 Td (Rising ) Tj ET Q q 0 0 0 rg BT 262.91 414.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 290.23 414.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 309.32 414.90 Td (further ) Tj ET Q q 0 0 0 rg BT 333.60 414.90 Td (contributed ) Tj ET Q q 0 0 0 rg BT 373.92 414.90 Td (to ) Tj ET Q q 0 0 0 rg BT 382.18 414.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 417.73 414.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 445.05 414.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 465.00 414.90 Td (as ) Tj ET Q q 0 0 0 rg BT 475.00 414.90 Td (the ) Tj ET Q q 0 0 0 rg BT 487.59 414.90 Td (one ) Tj ET Q q 0 0 0 rg BT 502.36 414.90 Td (month ) Tj ET Q q 0 0 0 rg BT 525.78 414.90 Td (bankers ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 403.50 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 91.10 403.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 106.27 403.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 141.80 403.50 Td (by ) Tj ET Q q 0 0 0 rg BT 151.77 403.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 202.02 403.50 Td (50 ) Tj ET Q q 0 0 0 rg BT 212.43 403.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 232.37 403.50 Td (points ) Tj ET Q q 0 0 0 rg BT 254.91 403.50 Td (when ) Tj ET Q q 0 0 0 rg BT 275.27 403.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 311.66 403.50 Td (to ) Tj ET Q q 0 0 0 rg BT 319.91 403.50 Td (the ) Tj ET Q q 0 0 0 rg BT 332.49 403.50 Td (same ) Tj ET Q q 0 0 0 rg BT 353.29 403.50 Td (period ) Tj ET Q q 0 0 0 rg BT 376.69 403.50 Td (in ) Tj ET Q q 0 0 0 rg BT 384.50 403.50 Td (the ) Tj ET Q q 0 0 0 rg BT 397.08 403.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 414.41 403.50 Td (year) Tj ET Q q 0 0 0 rg BT 429.14 403.50 Td (. ) Tj ET Q q 0 0 0 rg BT 433.05 403.50 Td ( ) Tj ET Q q 0 0 0 rg BT 434.46 403.50 Td (As ) Tj ET Q q 0 0 0 rg BT 445.29 403.50 Td (well, ) Tj ET Q q 0 0 0 rg BT 462.62 403.50 Td (in ) Tj ET Q q 0 0 0 rg BT 470.43 403.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 491.68 403.50 Td (the ) Tj ET Q q 0 0 0 rg BT 504.26 403.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 521.87 403.50 Td ( ) Tj ET Q q 0 0 0 rg BT 523.61 403.50 Td (acquired ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (51% ) Tj ET Q q 0 0 0 rg BT 66.92 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 75.25 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.91 392.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 99.26 392.10 Td (John's ) Tj ET Q q 0 0 0 rg BT 123.37 392.10 Td (Places ) Tj ET Q q 0 0 0 rg BT 148.59 392.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 172.94 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.83 392.10 Td (September ) Tj ET Q q 0 0 0 rg BT 220.76 392.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 239.92 392.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 277.26 392.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 314.59 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.92 392.10 Td (100%, ) Tj ET Q q 0 0 0 rg BT 346.84 392.10 Td (as ) Tj ET Q q 0 0 0 rg BT 356.89 392.10 Td (well ) Tj ET Q q 0 0 0 rg BT 372.14 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.80 392.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 423.44 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.77 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.43 392.10 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 477.00 392.10 Td (Complex ) Tj ET Q q 0 0 0 rg BT 509.56 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.45 392.10 Td (June ) Tj ET Q q 0 0 0 rg BT 536.18 392.10 Td (2016 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 380.70 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 380.70 Td (365 ) Tj ET Q q 0 0 0 rg BT 79.83 380.70 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 114.03 380.70 Td (St. ) Tj ET Q q 0 0 0 rg BT 125.72 380.70 Td (in ) Tj ET Q q 0 0 0 rg BT 133.95 380.70 Td (September ) Tj ET Q q 0 0 0 rg BT 174.23 380.70 Td (2016. ) Tj ET Q q 0 0 0 rg BT 195.76 380.70 Td (These ) Tj ET Q q 0 0 0 rg BT 219.58 380.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 244.26 380.70 Td (were ) Tj ET Q q 0 0 0 rg BT 263.31 380.70 Td (partially ) Tj ET Q q 0 0 0 rg BT 292.32 380.70 Td (financed ) Tj ET Q q 0 0 0 rg BT 323.94 380.70 Td (by ) Tj ET Q q 0 0 0 rg BT 334.34 380.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 351.67 380.70 Td (which ) Tj ET Q q 0 0 0 rg BT 373.75 380.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 409.70 380.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 437.41 380.70 Td (costs. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 363.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.87 363.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 100.00 363.30 Td (average ) Tj ET Q q 0 0 0 rg BT 131.10 363.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 159.60 363.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 175.97 363.30 Td (on ) Tj ET Q q 0 0 0 rg BT 187.58 363.30 Td (the ) Tj ET Q q 0 0 0 rg BT 201.36 363.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 227.44 363.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 245.55 363.30 Td (has ) Tj ET Q q 0 0 0 rg BT 261.06 363.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 297.79 363.30 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.32 363.30 Td (3.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 334.08 363.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 337.02 363.30 Td (as ) Tj ET Q q 0 0 0 rg BT 348.20 363.30 Td (at ) Tj ET Q q 0 0 0 rg BT 357.65 363.30 Td (December ) Tj ET Q q 0 0 0 rg BT 396.52 363.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.30 363.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 427.63 363.30 Td ( ) Tj ET Q q 0 0 0 rg BT 430.58 363.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.03 363.30 Td (3.6%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.78 363.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.73 363.30 Td (as ) Tj ET Q q 0 0 0 rg BT 471.91 363.30 Td (at ) Tj ET Q q 0 0 0 rg BT 481.35 363.30 Td (December ) Tj ET Q q 0 0 0 rg BT 520.23 363.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 534.01 363.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 551.34 363.30 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 351.90 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 95.46 351.90 Td (of ) Tj ET Q q 0 0 0 rg BT 104.61 351.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 136.29 351.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 177.06 351.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 197.91 351.90 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 206.19 351.90 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 224.01 351.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 246.09 351.90 Td ( ) Tj ET Q q 0 0 0 rg BT 248.75 351.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 264.40 351.90 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 282.23 351.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 304.30 351.90 Td ( ) Tj ET Q q 0 0 0 rg BT 306.96 351.90 Td (for ) Tj ET Q q 0 0 0 rg BT 318.71 351.90 Td (the ) Tj ET Q q 0 0 0 rg BT 332.20 351.90 Td (three ) Tj ET Q q 0 0 0 rg BT 352.62 351.90 Td (months ) Tj ET Q q 0 0 0 rg BT 380.82 351.90 Td (and ) Tj ET Q q 0 0 0 rg BT 396.48 351.90 Td (year ) Tj ET Q q 0 0 0 rg BT 414.29 351.90 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.61 351.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 490.20 351.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 507.53 351.90 Td (, ) Tj ET Q q 0 0 0 rg BT 512.36 351.90 Td (respectively ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 340.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 86.37 340.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 95.09 340.50 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 112.48 340.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 134.56 340.50 Td ( ) Tj ET Q q 0 0 0 rg BT 136.78 340.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 152.01 340.50 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 169.40 340.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 191.47 340.50 Td ( ) Tj ET Q q 0 0 0 rg BT 193.70 340.50 Td (for ) Tj ET Q q 0 0 0 rg BT 205.02 340.50 Td (the ) Tj ET Q q 0 0 0 rg BT 218.07 340.50 Td (same ) Tj ET Q q 0 0 0 rg BT 239.35 340.50 Td (period ) Tj ET Q q 0 0 0 rg BT 263.23 340.50 Td (in ) Tj ET Q q 0 0 0 rg BT 271.52 340.50 Td (2016. ) Tj ET Q q 0 0 0 rg BT 293.10 340.50 Td (The ) Tj ET Q q 0 0 0 rg BT 308.75 340.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 340.43 340.50 Td (is ) Tj ET Q q 0 0 0 rg BT 348.28 340.50 Td (attributable ) Tj ET Q q 0 0 0 rg BT 389.05 340.50 Td (to ) Tj ET Q q 0 0 0 rg BT 397.78 340.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 433.36 340.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 464.60 340.50 Td (transaction ) Tj ET Q q 0 0 0 rg BT 504.93 340.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 525.35 340.50 Td (incurred ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (on ) Tj ET Q q 0 0 0 rg BT 60.33 329.10 Td (new ) Tj ET Q q 0 0 0 rg BT 76.79 329.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 94.12 329.10 Td (facilities.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 311.70 Td (FINANCE ) Tj ET Q q 0 0 0 rg BT 86.28 311.70 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 119.60 311.70 Td (ON ) Tj ET Q q 0 0 0 rg BT 133.45 311.70 Td (FINANCE ) Tj ET Q q 0 0 0 rg BT 170.23 311.70 Td (LEASE ) Tj ET Q q 0 0 0 rg BT 198.36 311.70 Td (RECEIV) Tj ET Q q 0 0 0 rg BT 226.79 311.70 Td (ABLE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 294.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.28 294.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.89 294.30 Td ( ) Tj ET Q q 0 0 0 rg BT 85.24 294.30 Td (has ) Tj ET Q q 0 0 0 rg BT 100.15 294.30 Td (a ) Tj ET Q q 0 0 0 rg BT 106.84 294.30 Td (15 ) Tj ET Q q 0 0 0 rg BT 117.85 294.30 Td (year ) Tj ET Q q 0 0 0 rg BT 135.36 294.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 156.34 294.30 Td (with ) Tj ET Q q 0 0 0 rg BT 172.54 294.30 Td (Manitoba ) Tj ET Q q 0 0 0 rg BT 206.80 294.30 Td (T) Tj ET Q q 0 0 0 rg BT 210.70 294.30 Td (elecom ) Tj ET Q q 0 0 0 rg BT 238.16 294.30 Td (Services ) Tj ET Q q 0 0 0 rg BT 270.39 294.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 285.30 294.30 Td (for ) Tj ET Q q 0 0 0 rg BT 296.75 294.30 Td (the ) Tj ET Q q 0 0 0 rg BT 309.93 294.30 Td (Data ) Tj ET Q q 0 0 0 rg BT 328.74 294.30 Td (Centre. ) Tj ET Q q 0 0 0 rg BT 356.49 294.30 Td (The ) Tj ET Q q 0 0 0 rg BT 372.27 294.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 394.10 294.30 Td (of ) Tj ET Q q 0 0 0 rg BT 402.95 294.30 Td (the ) Tj ET Q q 0 0 0 rg BT 416.13 294.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 437.11 294.30 Td (at ) Tj ET Q q 0 0 0 rg BT 445.96 294.30 Td (inception ) Tj ET Q q 0 0 0 rg BT 479.50 294.30 Td (met ) Tj ET Q q 0 0 0 rg BT 494.84 294.30 Td (the ) Tj ET Q q 0 0 0 rg BT 508.03 294.30 Td (requirements ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 282.90 Td (for ) Tj ET Q q 0 0 0 rg BT 60.57 282.90 Td (classification ) Tj ET Q q 0 0 0 rg BT 106.72 282.90 Td (as ) Tj ET Q q 0 0 0 rg BT 116.93 282.90 Td (a ) Tj ET Q q 0 0 0 rg BT 123.24 282.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 150.35 282.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 170.95 282.90 Td (because ) Tj ET Q q 0 0 0 rg BT 202.38 282.90 Td (the ) Tj ET Q q 0 0 0 rg BT 215.20 282.90 Td (minimum ) Tj ET Q q 0 0 0 rg BT 248.77 282.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 269.37 282.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 305.13 282.90 Td (amounted ) Tj ET Q q 0 0 0 rg BT 341.76 282.90 Td (to ) Tj ET Q q 0 0 0 rg BT 350.24 282.90 Td (at ) Tj ET Q q 0 0 0 rg BT 358.72 282.90 Td (least ) Tj ET Q q 0 0 0 rg BT 377.16 282.90 Td (substantially ) Tj ET Q q 0 0 0 rg BT 422.02 282.90 Td (all ) Tj ET Q q 0 0 0 rg BT 431.79 282.90 Td (of ) Tj ET Q q 0 0 0 rg BT 440.27 282.90 Td (the ) Tj ET Q q 0 0 0 rg BT 453.08 282.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 465.88 282.90 Td (value ) Tj ET Q q 0 0 0 rg BT 486.48 282.90 Td (of ) Tj ET Q q 0 0 0 rg BT 494.96 282.90 Td (the ) Tj ET Q q 0 0 0 rg BT 507.77 282.90 Td (leased ) Tj ET Q q 0 0 0 rg BT 532.71 282.90 Td (asset. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 271.50 Td (As ) Tj ET Q q 0 0 0 rg BT 61.11 271.50 Td (a ) Tj ET Q q 0 0 0 rg BT 67.97 271.50 Td (result ) Tj ET Q q 0 0 0 rg BT 89.54 271.50 Td (of ) Tj ET Q q 0 0 0 rg BT 98.56 271.50 Td (this ) Tj ET Q q 0 0 0 rg BT 113.21 271.50 Td (classification, ) Tj ET Q q 0 0 0 rg BT 162.06 271.50 Td (a ) Tj ET Q q 0 0 0 rg BT 168.92 271.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 195.26 271.50 Td (of ) Tj ET Q q 0 0 0 rg BT 204.28 271.50 Td (the ) Tj ET Q q 0 0 0 rg BT 217.63 271.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 238.78 271.50 Td (payments ) Tj ET Q q 0 0 0 rg BT 275.08 271.50 Td (earned ) Tj ET Q q 0 0 0 rg BT 301.85 271.50 Td (on ) Tj ET Q q 0 0 0 rg BT 313.04 271.50 Td (the ) Tj ET Q q 0 0 0 rg BT 326.39 271.50 Td (property ) Tj ET Q q 0 0 0 rg BT 357.49 271.50 Td (is ) Tj ET Q q 0 0 0 rg BT 365.64 271.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 398.91 271.50 Td (as ) Tj ET Q q 0 0 0 rg BT 409.66 271.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 437.73 271.50 Td (income ) Tj ET Q q 0 0 0 rg BT 465.37 271.50 Td (on ) Tj ET Q q 0 0 0 rg BT 476.55 271.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 504.20 271.50 Td (lease. ) Tj ET Q q 0 0 0 rg BT 527.51 271.50 Td (Interest ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (income ) Tj ET Q q 0 0 0 rg BT 77.08 260.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 117.65 260.10 Td (on ) Tj ET Q q 0 0 0 rg BT 128.78 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.07 260.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 169.65 260.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 190.74 260.10 Td (for ) Tj ET Q q 0 0 0 rg BT 202.29 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.59 260.10 Td (three ) Tj ET Q q 0 0 0 rg BT 235.80 260.10 Td (months ) Tj ET Q q 0 0 0 rg BT 263.82 260.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 279.28 260.10 Td (year ) Tj ET Q q 0 0 0 rg BT 296.89 260.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 321.02 260.10 Td (December ) Tj ET Q q 0 0 0 rg BT 359.41 260.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 372.70 260.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.03 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.49 260.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 408.81 260.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 426.43 260.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 448.51 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 450.97 260.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 466.43 260.10 Td ($3.9 ) Tj ET Q q 0 0 0 rg BT 484.05 260.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 506.13 260.10 Td (, ) Tj ET Q q 0 0 0 rg BT 510.76 260.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 551.32 260.10 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 248.70 Td (which ) Tj ET Q q 0 0 0 rg BT 71.11 248.70 Td (is ) Tj ET Q q 0 0 0 rg BT 78.42 248.70 Td (comparable ) Tj ET Q q 0 0 0 rg BT 120.82 248.70 Td (to ) Tj ET Q q 0 0 0 rg BT 129.01 248.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 156.25 248.70 Td (income ) Tj ET Q q 0 0 0 rg BT 183.06 248.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 222.86 248.70 Td (for ) Tj ET Q q 0 0 0 rg BT 233.65 248.70 Td (the ) Tj ET Q q 0 0 0 rg BT 246.17 248.70 Td (same ) Tj ET Q q 0 0 0 rg BT 266.91 248.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 294.15 248.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 301.91 248.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 319.24 248.70 Td (. ) Tj ET Q q 0 0 0 rg BT 323.10 248.70 Td (Interest ) Tj ET Q q 0 0 0 rg BT 350.77 248.70 Td (income ) Tj ET Q q 0 0 0 rg BT 377.58 248.70 Td (for ) Tj ET Q q 0 0 0 rg BT 388.36 248.70 Td (the ) Tj ET Q q 0 0 0 rg BT 400.89 248.70 Td (comparative ) Tj ET Q q 0 0 0 rg BT 445.01 248.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 472.25 248.70 Td (in ) Tj ET Q q 0 0 0 rg BT 480.01 248.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 499.03 248.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 514.57 248.70 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 531.43 248.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 237.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 64.66 237.30 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 81.99 237.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 104.07 237.30 Td (, ) Tj ET Q q 0 0 0 rg BT 108.40 237.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 148.97 237.30 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 219.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.67 219.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 83.28 219.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.02 219.90 Td (makes ) Tj ET Q q 0 0 0 rg BT 111.71 219.90 Td (an ) Tj ET Q q 0 0 0 rg BT 123.12 219.90 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 163.97 219.90 Td (to ) Tj ET Q q 0 0 0 rg BT 173.22 219.90 Td (recognize ) Tj ET Q q 0 0 0 rg BT 209.74 219.90 Td (the ) Tj ET Q q 0 0 0 rg BT 223.31 219.90 Td (contribution ) Tj ET Q q 0 0 0 rg BT 266.34 219.90 Td (made ) Tj ET Q q 0 0 0 rg BT 288.57 219.90 Td (by ) Tj ET Q q 0 0 0 rg BT 299.54 219.90 Td (the ) Tj ET Q q 0 0 0 rg BT 313.11 219.90 Td (Data ) Tj ET Q q 0 0 0 rg BT 332.31 219.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 358.43 219.90 Td (to ) Tj ET Q q 0 0 0 rg BT 367.67 219.90 Td (its ) Tj ET Q q 0 0 0 rg BT 378.21 219.90 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 416.01 219.90 Td (and ) Tj ET Q q 0 0 0 rg BT 431.21 219.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 454.73 219.90 Td (to ) Tj ET Q q 0 0 0 rg BT 463.97 219.90 Td (account ) Tj ET Q q 0 0 0 rg BT 494.00 219.90 Td (for ) Tj ET Q q 0 0 0 rg BT 505.84 219.90 Td (the ) Tj ET Q q 0 0 0 rg BT 519.41 219.90 Td (dif) Tj ET Q q 0 0 0 rg BT 527.51 219.90 Td (ference ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 208.50 Td (between ) Tj ET Q q 0 0 0 rg BT 80.84 208.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 120.42 208.50 Td (under ) Tj ET Q q 0 0 0 rg BT 142.24 208.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 161.87 208.50 Td (and ) Tj ET Q q 0 0 0 rg BT 176.76 208.50 Td (the ) Tj ET Q q 0 0 0 rg BT 189.49 208.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 210.00 208.50 Td (contributions ) Tj ET Q q 0 0 0 rg BT 256.07 208.50 Td (a ) Tj ET Q q 0 0 0 rg BT 262.30 208.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 280.65 208.50 Td (basis. ) Tj ET Q q 0 0 0 rg BT 302.90 208.50 Td (On ) Tj ET Q q 0 0 0 rg BT 315.18 208.50 Td (a ) Tj ET Q q 0 0 0 rg BT 321.41 208.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 339.76 208.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 359.84 208.50 Td (the ) Tj ET Q q 0 0 0 rg BT 372.56 208.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 390.91 208.50 Td (Centre ) Tj ET Q q 0 0 0 rg BT 416.18 208.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 447.95 208.50 Td (contributes ) Tj ET Q q 0 0 0 rg BT 487.95 208.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 538.35 208.50 Td ($6.1 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (million ) Tj ET Q q 0 0 0 rg BT 73.74 197.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 104.93 197.10 Td (from ) Tj ET Q q 0 0 0 rg BT 122.68 197.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 143.47 197.10 Td (payments.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 179.70 Td (CHANGE ) Tj ET Q q 0 0 0 rg BT 85.41 179.70 Td (IN ) Tj ET Q q 0 0 0 rg BT 95.37 179.70 Td (F) Tj ET Q q 0 0 0 rg BT 99.70 179.70 Td (AIR ) Tj ET Q q 0 0 0 rg BT 115.28 179.70 Td (V) Tj ET Q q 0 0 0 rg BT 119.90 179.70 Td (ALUE ) Tj ET Q q 0 0 0 rg BT 143.27 179.70 Td (OF ) Tj ET Q q 0 0 0 rg BT 156.26 179.70 Td (PROPERTIES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 162.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.48 162.30 Td (change ) Tj ET Q q 0 0 0 rg BT 93.60 162.30 Td (in ) Tj ET Q q 0 0 0 rg BT 102.22 162.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 115.60 162.30 Td (value ) Tj ET Q q 0 0 0 rg BT 136.78 162.30 Td (of ) Tj ET Q q 0 0 0 rg BT 145.84 162.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 183.04 162.30 Td (increased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 219.38 162.30 Td ($4.2 ) Tj ET Q q 0 0 0 rg BT 237.10 162.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 259.18 162.30 Td ( ) Tj ET Q q 0 0 0 rg BT 261.74 162.30 Td (for ) Tj ET Q q 0 0 0 rg BT 273.39 162.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 286.78 162.30 Td (three ) Tj ET Q q 0 0 0 rg BT 307.09 162.30 Td (months ) Tj ET Q q 0 0 0 rg BT 335.20 162.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 359.42 162.30 Td (December ) Tj ET Q q 0 0 0 rg BT 397.91 162.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 411.30 162.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.63 162.30 Td ( ) Tj ET Q q 0 0 0 rg BT 431.19 162.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.74 162.30 Td ($7.2 ) Tj ET Q q 0 0 0 rg BT 464.47 162.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.54 162.30 Td ( ) Tj ET Q q 0 0 0 rg BT 489.10 162.30 Td (for ) Tj ET Q q 0 0 0 rg BT 500.75 162.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 514.14 162.30 Td (year ) Tj ET Q q 0 0 0 rg BT 531.85 162.30 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 150.90 Td (December ) Tj ET Q q 0 0 0 rg BT 87.71 150.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 100.82 150.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 118.15 150.90 Td ( ) Tj ET Q q 0 0 0 rg BT 120.43 150.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 157.35 150.90 Td (to ) Tj ET Q q 0 0 0 rg BT 166.13 150.90 Td (the ) Tj ET Q q 0 0 0 rg BT 179.24 150.90 Td (respective ) Tj ET Q q 0 0 0 rg BT 217.03 150.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 244.86 150.90 Td (in ) Tj ET Q q 0 0 0 rg BT 253.21 150.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 274.84 150.90 Td (The ) Tj ET Q q 0 0 0 rg BT 290.55 150.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 322.28 150.90 Td (to ) Tj ET Q q 0 0 0 rg BT 331.06 150.90 Td (property ) Tj ET Q q 0 0 0 rg BT 361.92 150.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.02 150.90 Td (values ) Tj ET Q q 0 0 0 rg BT 399.82 150.90 Td (are ) Tj ET Q q 0 0 0 rg BT 413.36 150.90 Td (from ) Tj ET Q q 0 0 0 rg BT 431.22 150.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 456.02 150.90 Td (and ) Tj ET Q q 0 0 0 rg BT 471.30 150.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 492.63 150.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 519.60 150.90 Td (spend, ) Tj ET Q q 0 0 0 rg BT 545.27 150.90 Td (as ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 139.50 Td (well ) Tj ET Q q 0 0 0 rg BT 65.39 139.50 Td (as ) Tj ET Q q 0 0 0 rg BT 76.09 139.50 Td (positive ) Tj ET Q q 0 0 0 rg BT 104.98 139.50 Td (leasing ) Tj ET Q q 0 0 0 rg BT 132.15 139.50 Td (activity ) Tj ET Q q 0 0 0 rg BT 158.44 139.50 Td (throughout ) Tj ET Q q 0 0 0 rg BT 198.16 139.50 Td (the ) Tj ET Q q 0 0 0 rg BT 211.47 139.50 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 243.67 139.50 Td (The ) Tj ET Q q 0 0 0 rg BT 259.57 139.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 277.18 139.50 Td ( ) Tj ET Q q 0 0 0 rg BT 279.66 139.50 Td (received ) Tj ET Q q 0 0 0 rg BT 311.58 139.50 Td (third ) Tj ET Q q 0 0 0 rg BT 329.21 139.50 Td (party ) Tj ET Q q 0 0 0 rg BT 349.00 139.50 Td (appraisals ) Tj ET Q q 0 0 0 rg BT 386.99 139.50 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.12 139.50 Td (19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.79 139.50 Td ( ) Tj ET Q q 0 0 0 rg BT 409.26 139.50 Td (of ) Tj ET Q q 0 0 0 rg BT 418.24 139.50 Td (the ) Tj ET Q q 0 0 0 rg BT 431.54 139.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 457.15 139.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 494.27 139.50 Td (throughout ) Tj ET Q q 0 0 0 rg BT 533.99 139.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 555.66 139.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (which ) Tj ET Q q 0 0 0 rg BT 71.58 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 79.81 128.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 117.06 128.10 Td (were ) Tj ET Q q 0 0 0 rg BT 136.11 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.34 128.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 170.76 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.42 128.10 Td (management's ) Tj ET Q q 0 0 0 rg BT 232.45 128.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 250.20 128.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 285.71 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.88 128.10 Td (positively ) Tj ET Q q 0 0 0 rg BT 335.09 128.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 375.80 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.47 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.47 128.10 Td (change ) Tj ET Q q 0 0 0 rg BT 425.19 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.42 128.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 446.41 128.10 Td (value ) Tj ET Q q 0 0 0 rg BT 467.20 128.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 506.62 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.62 128.10 Td (year) Tj ET Q q 0 0 0 rg BT 534.35 128.10 Td (. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 110.70 Td (CHANGE ) Tj ET Q q 0 0 0 rg BT 85.41 110.70 Td (IN ) Tj ET Q q 0 0 0 rg BT 95.37 110.70 Td (F) Tj ET Q q 0 0 0 rg BT 99.70 110.70 Td (AIR ) Tj ET Q q 0 0 0 rg BT 115.28 110.70 Td (V) Tj ET Q q 0 0 0 rg BT 119.90 110.70 Td (ALUE ) Tj ET Q q 0 0 0 rg BT 143.27 110.70 Td (OF ) Tj ET Q q 0 0 0 rg BT 156.26 110.70 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 198.08 110.70 Td ( ) Tj ET Q q 0 0 0 rg BT 200.25 110.70 Td (INSTRUMENTS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 93.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.69 93.30 Td (change ) Tj ET Q q 0 0 0 rg BT 94.02 93.30 Td (in ) Tj ET Q q 0 0 0 rg BT 102.84 93.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 116.43 93.30 Td (value ) Tj ET Q q 0 0 0 rg BT 137.82 93.30 Td (of ) Tj ET Q q 0 0 0 rg BT 147.09 93.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.44 93.30 Td (instruments ) Tj ET Q q 0 0 0 rg BT 221.48 93.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 261.05 93.30 Td (the ) Tj ET Q q 0 0 0 rg BT 274.65 93.30 Td (change ) Tj ET Q q 0 0 0 rg BT 302.97 93.30 Td (in ) Tj ET Q q 0 0 0 rg BT 311.80 93.30 Td (the ) Tj ET Q q 0 0 0 rg BT 325.40 93.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 338.99 93.30 Td (value ) Tj ET Q q 0 0 0 rg BT 360.38 93.30 Td (of ) Tj ET Q q 0 0 0 rg BT 369.64 93.30 Td (the ) Tj ET Q q 0 0 0 rg BT 383.24 93.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 409.14 93.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 437.46 93.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 453.65 93.30 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 480.66 93.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 508.98 93.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 525.17 93.30 Td (cap ) Tj ET Q q 0 0 0 rg BT 540.50 93.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 81.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 80.95 81.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 95.95 81.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 127.83 81.90 Td (on ) Tj ET Q q 0 0 0 rg BT 138.94 81.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 170.39 81.90 Td (units ) Tj ET Q q 0 0 0 rg BT 189.29 81.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 214.24 81.90 Td (to ) Tj ET Q q 0 0 0 rg BT 223.03 81.90 Td (T) Tj ET Q q 0 0 0 rg BT 227.50 81.90 Td (rustees ) Tj ET Q q 0 0 0 rg BT 255.49 81.90 Td (and ) Tj ET Q q 0 0 0 rg BT 270.93 81.90 Td (Of) Tj ET Q q 0 0 0 rg BT 279.02 81.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 300.08 81.90 Td (of ) Tj ET Q q 0 0 0 rg BT 309.01 81.90 Td (the ) Tj ET Q q 0 0 0 rg BT 322.28 81.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 339.16 81.90 Td (. ) Tj ET Q q 0 0 0 rg BT 343.61 81.90 Td (The ) Tj ET Q q 0 0 0 rg BT 359.48 81.90 Td (change ) Tj ET Q q 0 0 0 rg BT 387.47 81.90 Td (for ) Tj ET Q q 0 0 0 rg BT 399.00 81.90 Td (the ) Tj ET Q q 0 0 0 rg BT 412.27 81.90 Td (three ) Tj ET Q q 0 0 0 rg BT 432.47 81.90 Td (months ) Tj ET Q q 0 0 0 rg BT 460.45 81.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.89 81.90 Td (year ) Tj ET Q q 0 0 0 rg BT 493.48 81.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 517.58 81.90 Td (December ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 70.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 62.50 70.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 79.83 70.50 Td ( ) Tj ET Q q 0 0 0 rg BT 81.99 70.50 Td (was ) Tj ET Q q 0 0 0 rg BT 98.01 70.50 Td (a ) Tj ET Q q 0 0 0 rg BT 104.51 70.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 138.73 70.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 147.39 70.50 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 164.72 70.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 186.80 70.50 Td ( ) Tj ET Q q 0 0 0 rg BT 188.97 70.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 204.13 70.50 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 221.46 70.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.54 70.50 Td (, ) Tj ET Q q 0 0 0 rg BT 247.87 70.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 288.44 70.50 Td (, ) Tj ET Q q 0 0 0 rg BT 292.77 70.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 329.58 70.50 Td (to ) Tj ET Q q 0 0 0 rg BT 338.24 70.50 Td (the ) Tj ET Q q 0 0 0 rg BT 351.24 70.50 Td (same ) Tj ET Q q 0 0 0 rg BT 372.46 70.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 400.18 70.50 Td (in ) Tj ET Q q 0 0 0 rg BT 408.41 70.50 Td (2016. ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 25) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 82.83 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 87.01 742.10 Td (AXES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 724.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.24 724.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.85 724.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.16 724.70 Td (is ) Tj ET Q q 0 0 0 rg BT 93.10 724.70 Td (a ) Tj ET Q q 0 0 0 rg BT 99.75 724.70 Td (mutual ) Tj ET Q q 0 0 0 rg BT 125.44 724.70 Td (fund ) Tj ET Q q 0 0 0 rg BT 142.92 724.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 160.39 724.70 Td (and ) Tj ET Q q 0 0 0 rg BT 175.70 724.70 Td (real ) Tj ET Q q 0 0 0 rg BT 191.00 724.70 Td (estate ) Tj ET Q q 0 0 0 rg BT 214.54 724.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 254.53 724.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 272.00 724.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 304.64 724.70 Td (to ) Tj ET Q q 0 0 0 rg BT 313.45 724.70 Td (the ) Tj ET Q q 0 0 0 rg BT 326.45 724.70 Td (T) Tj ET Q q 0 0 0 rg BT 330.35 724.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 340.43 724.70 Td (Act. ) Tj ET Q q 0 0 0 rg BT 356.17 724.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 379.70 724.70 Td (the ) Tj ET Q q 0 0 0 rg BT 392.70 724.70 Td (T) Tj ET Q q 0 0 0 rg BT 396.59 724.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 406.68 724.70 Td (Act, ) Tj ET Q q 0 0 0 rg BT 422.42 724.70 Td (so ) Tj ET Q q 0 0 0 rg BT 432.96 724.70 Td (long ) Tj ET Q q 0 0 0 rg BT 450.00 724.70 Td (as ) Tj ET Q q 0 0 0 rg BT 460.55 724.70 Td (the ) Tj ET Q q 0 0 0 rg BT 473.69 724.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 491.30 724.70 Td ( ) Tj ET Q q 0 0 0 rg BT 493.61 724.70 Td (meets ) Tj ET Q q 0 0 0 rg BT 517.14 724.70 Td (prescribed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 86.50 713.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 113.97 713.30 Td (to ) Tj ET Q q 0 0 0 rg BT 122.39 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 135.14 713.30 Td (nature ) Tj ET Q q 0 0 0 rg BT 159.15 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 167.57 713.30 Td (its ) Tj ET Q q 0 0 0 rg BT 177.29 713.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 201.73 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 216.64 713.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 246.72 713.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 262.06 713.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 282.26 713.30 Td ( ) Tj ET Q q 0 0 0 rg BT 284.18 713.30 Td (Conditions\), ) Tj ET Q q 0 0 0 rg BT 330.27 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 343.02 713.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 360.63 713.30 Td ( ) Tj ET Q q 0 0 0 rg BT 362.55 713.30 Td (is ) Tj ET Q q 0 0 0 rg BT 370.09 713.30 Td (not ) Tj ET Q q 0 0 0 rg BT 382.84 713.30 Td (liable ) Tj ET Q q 0 0 0 rg BT 402.95 713.30 Td (to ) Tj ET Q q 0 0 0 rg BT 411.37 713.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 425.85 713.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 461.12 713.30 Td (income ) Tj ET Q q 0 0 0 rg BT 488.15 713.30 Td (taxes ) Tj ET Q q 0 0 0 rg BT 508.70 713.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 540.50 713.30 Td (that ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (its ) Tj ET Q q 0 0 0 rg BT 59.56 701.90 Td (taxable ) Tj ET Q q 0 0 0 rg BT 86.95 701.90 Td (income ) Tj ET Q q 0 0 0 rg BT 114.33 701.90 Td (is ) Tj ET Q q 0 0 0 rg BT 122.23 701.90 Td (fully ) Tj ET Q q 0 0 0 rg BT 138.35 701.90 Td (distributed ) Tj ET Q q 0 0 0 rg BT 176.56 701.90 Td (to ) Tj ET Q q 0 0 0 rg BT 185.33 701.90 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 225.71 701.90 Td (during ) Tj ET Q q 0 0 0 rg BT 249.63 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 262.73 701.90 Td (period. ) Tj ET Q q 0 0 0 rg BT 288.82 701.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 336.56 701.90 Td (intends ) Tj ET Q q 0 0 0 rg BT 363.95 701.90 Td (to ) Tj ET Q q 0 0 0 rg BT 372.71 701.90 Td (operate ) Tj ET Q q 0 0 0 rg BT 401.40 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 414.50 701.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 432.11 701.90 Td ( ) Tj ET Q q 0 0 0 rg BT 434.38 701.90 Td (in ) Tj ET Q q 0 0 0 rg BT 442.71 701.90 Td (a ) Tj ET Q q 0 0 0 rg BT 449.31 701.90 Td (manner ) Tj ET Q q 0 0 0 rg BT 477.99 701.90 Td (that ) Tj ET Q q 0 0 0 rg BT 493.25 701.90 Td (enables ) Tj ET Q q 0 0 0 rg BT 522.81 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 535.91 701.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 553.52 701.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 690.50 Td (to ) Tj ET Q q 0 0 0 rg BT 57.92 690.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 89.31 690.50 Td (to ) Tj ET Q q 0 0 0 rg BT 97.73 690.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 116.98 690.50 Td (the ) Tj ET Q q 0 0 0 rg BT 129.73 690.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 147.34 690.50 Td ( ) Tj ET Q q 0 0 0 rg BT 149.27 690.50 Td (Conditions ) Tj ET Q q 0 0 0 rg BT 188.00 690.50 Td (and ) Tj ET Q q 0 0 0 rg BT 202.92 690.50 Td (to ) Tj ET Q q 0 0 0 rg BT 211.35 690.50 Td (distribute ) Tj ET Q q 0 0 0 rg BT 244.89 690.50 Td (all ) Tj ET Q q 0 0 0 rg BT 254.61 690.50 Td (of ) Tj ET Q q 0 0 0 rg BT 263.03 690.50 Td (its ) Tj ET Q q 0 0 0 rg BT 272.75 690.50 Td (taxable ) Tj ET Q q 0 0 0 rg BT 299.80 690.50 Td (income ) Tj ET Q q 0 0 0 rg BT 326.84 690.50 Td (to ) Tj ET Q q 0 0 0 rg BT 335.26 690.50 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 377.35 690.50 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 415.21 690.50 Td (the ) Tj ET Q q 0 0 0 rg BT 427.97 690.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 445.58 690.50 Td ( ) Tj ET Q q 0 0 0 rg BT 447.50 690.50 Td (has ) Tj ET Q q 0 0 0 rg BT 461.99 690.50 Td (not ) Tj ET Q q 0 0 0 rg BT 474.75 690.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 514.79 690.50 Td (any ) Tj ET Q q 0 0 0 rg BT 529.27 690.50 Td (current ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 679.10 Td (or ) Tj ET Q q 0 0 0 rg BT 58.59 679.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 89.77 679.10 Td (income ) Tj ET Q q 0 0 0 rg BT 117.06 679.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 137.85 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.08 679.10 Td (its ) Tj ET Q q 0 0 0 rg BT 156.04 679.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 201.95 679.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 232.70 679.10 Td (statements. ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 26) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (QUARTERL) Tj ET Q q 0 0 0 rg BT 92.05 742.10 Td (Y) Tj ET Q q 0 0 0 rg BT 97.11 742.10 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 135.05 742.10 Td (TION) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (The following is a summary of financial and operational information for the REIT) Tj ET Q q 0 0 0 rg BT 323.92 730.70 Td ( for the eight most recently completed quarters:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 720.2 m 186 720.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 707.2 m 186 707.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 720.2 m 232 720.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186 707.2 m 232 707.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232 720.2 m 278 720.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232 707.2 m 278 707.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 720.2 m 324 720.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 707.2 m 324 707.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 720.2 m 370 720.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324 707.2 m 370 707.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 720.2 m 416 720.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 370 707.2 m 416 707.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 720.2 m 462 720.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416 707.2 m 462 707.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 720.2 m 508 720.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 462 707.2 m 508 707.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 720.2 m 554 720.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508 707.2 m 554 707.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232 707.2 m 278 707.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 707.2 m 324 707.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324 707.2 m 370 707.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 370 707.2 m 416 707.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416 707.2 m 462 707.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 462 707.2 m 508 707.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508 707.2 m 554 707.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 667.2 m 186 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 186 667.2 m 232 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 232 667.2 m 278 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 667.2 m 324 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 324 667.2 m 370 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 370 667.2 m 416 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416 667.2 m 462 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 462 667.2 m 508 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 508 667.2 m 554 667.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 82.20000000000005 m 186 82.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 82.20000000000005 m 232 82.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232 82.20000000000005 m 278 82.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 82.20000000000005 m 324 82.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 82.20000000000005 m 370 82.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 82.20000000000005 m 416 82.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 82.20000000000005 m 462 82.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 82.20000000000005 m 508 82.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 82.20000000000005 m 554 82.20000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 200.15 711.15 Td (Q4 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 246.15 711.15 Td (Q3 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.15 711.15 Td (Q2 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.15 711.15 Td (Q1 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.15 711.15 Td (Q4 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.15 711.15 Td (Q3 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.15 711.15 Td (Q2 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.15 711.15 Td (Q1 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 698.15 Td (Revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 188.50 698.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.30 698.15 Td (42,380) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 234.50 698.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.30 698.15 Td (41,208) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.50 698.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 698.20 Td (36,230) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.50 698.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.25 698.15 Td (32,318) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.50 698.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.25 698.15 Td (35,094) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.50 698.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.25 698.15 Td (31,330) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.50 698.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.30 698.20 Td (28,197) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.50 698.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.30 698.20 Td (27,569) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 685.15 Td (Operating costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 199.85 685.15 Td (\(23,776) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.90 685.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.85 685.15 Td (\(21,629) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.90 685.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.85 685.15 Td (\(18,833) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.90 685.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.80 685.15 Td (\(17,693) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 685.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.80 685.15 Td (\(19,404) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.90 685.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.80 685.15 Td (\(16,362) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.90 685.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.85 685.20 Td (\(14,994) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.90 685.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.85 685.20 Td (\(15,302) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 685.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 671.60 Td (Straight-line rent and other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.10 671.60 Td (\(1) Tj ET Q q 0 0 0 rg BT 216.66 671.60 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.90 671.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.10 671.60 Td (\(539) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.90 671.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.10 671.60 Td (\(266) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.90 671.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.05 671.60 Td (\(450) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 671.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.05 671.60 Td (\(625) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.90 671.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.05 671.60 Td (\(522) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.90 671.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.10 671.65 Td (\(443) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.90 671.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.10 671.65 Td (\(493) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 671.60 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 658.15 Td (Net operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 188.50 658.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.30 658.15 Td (18,489) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 234.50 658.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.30 658.15 Td (19,040) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.50 658.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 658.20 Td (17,131) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.50 658.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.25 658.15 Td (14,175) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.50 658.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.25 658.15 Td (15,065) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.50 658.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.25 658.15 Td (14,446) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.50 658.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.30 658.20 Td (12,760) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.50 658.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.30 658.20 Td (1) Tj ET Q q 0 0 0 rg BT 528.40 658.20 Td (1,774) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 633.15 Td (Net income and comprehensive income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 188.50 633.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.30 633.15 Td (14,174) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 234.50 633.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.30 633.15 Td (23,607) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.50 633.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.40 633.15 Td (3,482) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.50 633.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.40 633.15 Td (8,442) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.50 633.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.25 633.15 Td (14,571) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.50 633.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.40 633.15 Td (2,984) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.50 633.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.30 633.20 Td (15,244) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.50 633.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 633.15 Td (3,621) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 608.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.34 608.15 Td (eighted average diluted units) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 153.72 610.45 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.30 608.15 Td (62,266) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.30 608.15 Td (62,231) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 608.20 Td (57,781) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.25 608.15 Td (46,101) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.25 608.15 Td (46,071) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.25 608.15 Td (41,449) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.30 608.20 Td (35,674) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.30 608.20 Td (35,334) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 583.15 Td (Net income and comprehensive) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 570.15 Td ( income per unit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 188.50 570.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 570.15 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 234.50 570.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 570.15 Td (0.38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.50 570.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.50 570.15 Td (0.06) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.50 570.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 570.15 Td (0.18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.50 570.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 570.15 Td (0.32) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.50 570.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 570.15 Td (0.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.50 570.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 570.15 Td (0.43) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.50 570.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 570.15 Td (0.10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 545.15 Td (Distributions) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 93.11 547.45 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.30 545.15 Td (1) Tj ET Q q 0 0 0 rg BT 206.40 545.15 Td (1,663) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.30 545.15 Td (1) Tj ET Q q 0 0 0 rg BT 252.40 545.15 Td (1,657) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 545.20 Td (1) Tj ET Q q 0 0 0 rg BT 298.40 545.20 Td (1,651) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.40 545.15 Td (8,636) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.40 545.15 Td (8,629) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.40 545.15 Td (7,862) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.40 545.15 Td (6,912) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 545.15 Td (6,623) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 532.15 Td (Distributions per unit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.30 532.15 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.30 532.15 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 532.20 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.25 532.15 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.25 532.15 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.25 532.15 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.30 532.20 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.30 532.20 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 507.15 Td (FFO) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 67.26 509.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.30 507.15 Td (1) Tj ET Q q 0 0 0 rg BT 206.40 507.15 Td (1,221) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.30 507.15 Td (12,372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 507.20 Td (1) Tj ET Q q 0 0 0 rg BT 298.40 507.20 Td (1,405) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.40 507.15 Td (9,495) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.25 507.15 Td (10,650) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.40 507.15 Td (9,989) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.40 507.15 Td (9,078) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 507.15 Td (8,173) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 494.15 Td (FFO per unit - diluted) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 122.24 496.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 494.15 Td (0.18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 494.15 Td (0.20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.50 494.15 Td (0.20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 494.15 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 494.15 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 494.15 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 494.15 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 494.15 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 481.15 Td (FFO payout ratio) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 107.88 483.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.40 481.15 Td (103.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.90 481.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 481.15 Td (94.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.90 481.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.40 481.15 Td (102.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.90 481.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 481.15 Td (91.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 481.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 481.15 Td (81.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.90 481.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 481.15 Td (78.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.90 481.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 481.15 Td (76.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.90 481.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 481.15 Td (81.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 481.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 456.15 Td (Core-FFO) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 85.71 458.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.30 456.15 Td (1) Tj ET Q q 0 0 0 rg BT 206.40 456.15 Td (1,782) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.30 456.15 Td (12,923) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 456.20 Td (1) Tj ET Q q 0 0 0 rg BT 298.40 456.20 Td (1,949) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.25 456.15 Td (10,030) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.25 456.15 Td (1) Tj ET Q q 0 0 0 rg BT 390.35 456.15 Td (1,177) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.25 456.15 Td (10,507) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.40 456.15 Td (9,588) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 456.15 Td (8,676) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 443.15 Td (Core-FFO per unit - diluted) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 140.69 445.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 443.15 Td (0.19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 443.15 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.50 443.15 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 443.15 Td (0.22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 443.15 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 443.15 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 443.15 Td (0.27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 443.15 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 430.15 Td (Core-FFO payout ratio) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 126.33 432.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 430.15 Td (99.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.90 430.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 430.15 Td (90.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.90 430.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.50 430.15 Td (97.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.90 430.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 430.15 Td (86.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 430.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 430.15 Td (77.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.90 430.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 430.15 Td (74.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.90 430.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 430.15 Td (72.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.90 430.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 430.15 Td (76.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 430.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 405.15 Td (AFFO) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 72.18 407.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.40 405.15 Td (9,528) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.30 405.15 Td (10,663) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 405.20 Td (10,694) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 344.40 405.15 Td (8,842) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 390.40 405.15 Td (9,737) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 436.40 405.15 Td (9,004) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.40 405.15 Td (8,192) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 405.15 Td (7,338) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 392.15 Td (AFFO per unit - diluted) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 127.16 394.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 392.15 Td (0.15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 392.15 Td (0.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.50 392.15 Td (0.19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 392.15 Td (0.19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 392.15 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 392.15 Td (0.22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 392.15 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 392.15 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 379.15 Td (AFFO payout ratio) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 112.81 381.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.40 379.15 Td (122.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.90 379.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 252.40 379.15 Td (109.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.90 379.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 298.40 379.15 Td (108.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.90 379.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 379.15 Td (97.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 379.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 379.15 Td (88.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.90 379.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 379.15 Td (87.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.90 379.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 379.15 Td (84.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.90 379.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 379.15 Td (90.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 379.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 354.15 Td (Properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 192.05 354.15 Td (1,279,509) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 238.05 354.15 Td (1,253,939) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.05 354.20 Td (1,223,073) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.20 354.15 Td (959,249) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.20 354.15 Td (946,939) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.20 354.15 Td (937,160) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.20 354.15 Td (843,257) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.20 354.15 Td (741,681) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 341.15 Td (T) Tj ET Q q 0 0 0 rg BT 56.60 341.15 Td (otal assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 192.05 341.15 Td (1,364,854) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 238.05 341.15 Td (1,353,127) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.05 341.20 Td (1,302,622) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.00 341.15 Td (1,164,104) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.00 341.15 Td (1,025,522) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.00 341.15 Td (1,020,671) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.20 341.15 Td (926,179) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.20 341.15 Td (817,233) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 328.15 Td (Debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 198.20 328.15 Td (795,591) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.20 328.15 Td (793,765) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.20 328.15 Td (752,312) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.20 328.15 Td (621,896) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.20 328.15 Td (604,953) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.20 328.15 Td (603,671) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.20 328.15 Td (564,882) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.20 328.15 Td (493,496) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 303.15 Td (IFRS net asset value \("NA) Tj ET Q q 0 0 0 rg BT 138.12 303.15 Td (V"\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 198.20 303.15 Td (528,060) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.20 303.15 Td (523,823) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.20 303.15 Td (510,399) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.20 303.15 Td (389,761) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.20 303.15 Td (387,862) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.20 303.15 Td (383,491) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.20 303.15 Td (333,81) Tj ET Q q 0 0 0 rg BT 496.77 303.15 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.20 303.15 Td (292,157) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 290.15 Td (Diluted units outstanding) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 133.33 292.45 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.30 290.15 Td (62,283) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 248.30 290.15 Td (62,256) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 290.20 Td (62,215) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.25 290.15 Td (46,101) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.25 290.15 Td (46,079) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 432.25 290.15 Td (46,042) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.30 290.20 Td (39,914) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.30 290.20 Td (35,369) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 277.15 Td (IFRS NA) Tj ET Q q 0 0 0 rg BT 81.34 277.15 Td (V per unit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 188.50 277.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 277.15 Td (8.48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 234.50 277.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 277.15 Td (8.41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 280.50 277.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.50 277.15 Td (8.20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 326.50 277.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 277.15 Td (8.45) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 372.50 277.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 277.15 Td (8.42) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.50 277.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 277.15 Td (8.33) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.50 277.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 277.15 Td (8.36) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.50 277.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 277.15 Td (8.26) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 252.15 Td (L) Tj ET Q q 0 0 0 rg BT 56.33 252.15 Td (TV ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 252.15 Td (58.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.90 252.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 252.15 Td (58.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.90 252.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.50 252.15 Td (57.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.90 252.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 252.15 Td (59.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 252.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 252.15 Td (59.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.90 252.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 252.15 Td (59.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.90 252.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 252.15 Td (61.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.90 252.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 252.15 Td (60.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 252.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 239.15 Td (Net debt to adjusted EBITDA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.00 239.15 Td (10.7x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.50 239.15 Td (9.9x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.40 239.15 Td (10.6x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.40 239.15 Td (10.3x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.50 239.15 Td (9.3x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.50 239.15 Td (9.8x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.40 239.15 Td (10.2x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.50 239.15 Td (9.6x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 226.15 Td (Interest coverage ratio) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 125.94 228.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.10 226.15 Td (2.6x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.50 226.15 Td (3.0x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.50 226.15 Td (3.1x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.50 226.15 Td (3.0x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.50 226.15 Td (3.2x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.50 226.15 Td (3.2x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.50 226.15 Td (3.3x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.50 226.15 Td (3.2x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 213.15 Td (Debt service coverage ratio) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 142.34 215.45 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.10 213.15 Td (2.0x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.50 213.15 Td (0.2x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.50 213.15 Td (2.4x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.50 213.15 Td (3.9x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.50 213.15 Td (2.7x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.50 213.15 Td (2.6x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.50 213.15 Td (2.7x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.50 213.15 Td (2.7x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 188.15 Td (Leasing activity \(square feet\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 198.20 188.15 Td (357,663) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 244.20 188.15 Td (243,852) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.20 188.15 Td (145,957) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 336.20 188.15 Td (238,650) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 386.25 188.15 Td (59,834) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.20 188.15 Td (335,231) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.20 188.15 Td (187,375) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.20 188.15 Td (21) Tj ET Q q 0 0 0 rg BT 528.41 188.15 Td (1,270) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 175.15 Td (Leasing activity as a % of portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.60 175.15 Td (5.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.90 175.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.60 175.15 Td (4.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.90 175.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.60 175.20 Td (2.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.90 175.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.55 175.15 Td (4.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 175.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.55 175.15 Td (1.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.90 175.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 175.15 Td (6.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.90 175.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.60 175.20 Td (4.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.90 175.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.60 175.20 Td (4.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 175.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 162.15 Td (W) Tj ET Q q 0 0 0 rg BT 59.40 162.15 Td (eighted average lease term \(years\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.60 162.15 Td (5.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 260.60 162.15 Td (5.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 306.60 162.20 Td (5.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 352.55 162.15 Td (5.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.55 162.15 Td (5.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.55 162.15 Td (5.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 490.60 162.20 Td (5.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.60 162.20 Td (5.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 138.15 Td (Number of properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 216.65 138.15 Td (38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 262.65 138.15 Td (38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 308.65 138.15 Td (38) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.65 138.15 Td (35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.65 138.15 Td (35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.65 138.15 Td (35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.65 138.15 Td (34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.65 138.15 Td (34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 125.15 Td (Of) Tj ET Q q 0 0 0 rg BT 60.23 125.15 Td (fice GLA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 192.05 125.15 Td (5,972,771) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 238.05 125.15 Td (5,972,771) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.05 125.20 Td (5,972,771) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.00 125.15 Td (4,813,458) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.00 125.15 Td (4,813,458) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.00 125.15 Td (4,813,458) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.05 125.20 Td (4,550,820) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.05 125.20 Td (4,243,928) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 112.15 Td (T) Tj ET Q q 0 0 0 rg BT 56.60 112.15 Td (otal GLA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 192.05 112.15 Td (6,1) Tj ET Q q 0 0 0 rg BT 202.31 112.15 Td (16,085) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 238.05 112.15 Td (6,1) Tj ET Q q 0 0 0 rg BT 248.31 112.15 Td (16,085) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 284.05 112.20 Td (6,1) Tj ET Q q 0 0 0 rg BT 294.31 112.20 Td (16,085) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.00 112.15 Td (4,990,052) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.00 112.15 Td (4,990,052) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 422.00 112.15 Td (4,990,052) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.05 112.20 Td (4,727,414) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.05 112.20 Td (4,436,293) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 99.15 Td (Occupancy - excluding redevelopment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 99.15 Td (86.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.90 99.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 99.15 Td (87.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.90 99.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.50 99.15 Td (87.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.90 99.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 99.15 Td (87.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 99.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 99.15 Td (90.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.90 99.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 99.15 Td (90.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.90 99.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 99.15 Td (89.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.90 99.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 99.15 Td (89.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 99.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 86.15 Td (Occupancy) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.50 86.15 Td (85.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.90 86.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 86.15 Td (85.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 270.90 86.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.50 86.15 Td (84.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 316.90 86.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.50 86.15 Td (84.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 362.90 86.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 394.50 86.15 Td (86.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 408.90 86.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 440.50 86.15 Td (86.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.90 86.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.50 86.15 Td (85.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 500.90 86.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 86.15 Td (85.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 86.15 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 73.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.62 73.70 Td (The number of diluted units includes the REIT) Tj ET Q q 0 0 0 rg BT 183.31 73.70 Td ( units, the conversion of the Class B LP) Tj ET Q q 0 0 0 rg BT 290.57 73.70 Td ( units and deferred units and is shown in thousands. W) Tj ET Q q 0 0 0 rg BT 439.89 73.70 Td (eighted average diluted units is the ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 64.70 Td (weighted average number of diluted units outstanding during the respective quarter and diluted units outstanding is the diluted units outstanding at the end of the quarter) Tj ET Q q 0 0 0 rg BT 507.06 64.70 Td (. ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 55.70 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 58.73 55.70 Td (Includes ) Tj ET Q q 0 0 0 rg BT 83.35 55.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 117.88 55.70 Td (made ) Tj ET Q q 0 0 0 rg BT 134.97 55.70 Td (to ) Tj ET Q q 0 0 0 rg BT 141.81 55.70 Td (both ) Tj ET Q q 0 0 0 rg BT 155.50 55.70 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 187.30 55.70 Td (of ) Tj ET Q q 0 0 0 rg BT 194.14 55.70 Td (the ) Tj ET Q q 0 0 0 rg BT 204.40 55.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 218.30 55.70 Td ( ) Tj ET Q q 0 0 0 rg BT 220.01 55.70 Td (and ) Tj ET Q q 0 0 0 rg BT 231.98 55.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 249.07 55.70 Td (B ) Tj ET Q q 0 0 0 rg BT 254.88 55.70 Td (LP) Tj ET Q q 0 0 0 rg BT 262.30 55.70 Td ( ) Tj ET Q q 0 0 0 rg BT 264.01 55.70 Td (unitholders. ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 46.70 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 58.62 46.70 Td (The ) Tj ET Q q 0 0 0 rg BT 70.93 46.70 Td (calculation ) Tj ET Q q 0 0 0 rg BT 101.70 46.70 Td (of ) Tj ET Q q 0 0 0 rg BT 108.54 46.70 Td (these ) Tj ET Q q 0 0 0 rg BT 125.30 46.70 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 153.33 46.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 177.61 46.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 206.32 46.70 Td (and ) Tj ET Q q 0 0 0 rg BT 218.29 46.70 Td (a ) Tj ET Q q 0 0 0 rg BT 223.42 46.70 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 261.03 46.70 Td (to ) Tj ET Q q 0 0 0 rg BT 267.87 46.70 Td (relevant ) Tj ET Q q 0 0 0 rg BT 291.46 46.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 307.18 46.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 335.90 46.70 Td (are ) Tj ET Q q 0 0 0 rg BT 346.50 46.70 Td (included ) Tj ET Q q 0 0 0 rg BT 371.12 46.70 Td (in ) Tj ET Q q 0 0 0 rg BT 377.62 46.70 Td (Part ) Tj ET Q q 0 0 0 rg BT 390.61 46.70 Td (III ) Tj ET Q q 0 0 0 rg BT 397.45 46.70 Td (and ) Tj ET Q q 0 0 0 rg BT 409.42 46.70 Td (IV) Tj ET Q q 0 0 0 rg BT 414.67 46.70 Td (.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 27) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 740.30 Td (P) Tj ET Q q 0 0 0 rg BT 55.34 740.30 Td (ART IV - FINANCIAL) Tj ET Q q 0 0 0 rg BT 149.17 740.30 Td ( CONDITION) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 54.00 722.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 73.91 722.90 Td (NET ) Tj ET Q q 0 0 0 rg BT 91.37 722.90 Td (ASSET ) Tj ET Q q 0 0 0 rg BT 119.50 722.90 Td (V) Tj ET Q q 0 0 0 rg BT 124.13 722.90 Td (ALUE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 705.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 73.62 705.50 Td (net ) Tj ET Q q 0 0 0 rg BT 86.33 705.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 106.83 705.50 Td (value ) Tj ET Q q 0 0 0 rg BT 127.33 705.50 Td (is ) Tj ET Q q 0 0 0 rg BT 134.83 705.50 Td (a ) Tj ET Q q 0 0 0 rg BT 141.04 705.50 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 176.25 705.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 208.44 705.50 Td (and ) Tj ET Q q 0 0 0 rg BT 223.31 705.50 Td (is ) Tj ET Q q 0 0 0 rg BT 230.82 705.50 Td (defined ) Tj ET Q q 0 0 0 rg BT 258.25 705.50 Td (by ) Tj ET Q q 0 0 0 rg BT 268.36 705.50 Td (the ) Tj ET Q q 0 0 0 rg BT 281.07 705.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 298.67 705.50 Td ( ) Tj ET Q q 0 0 0 rg BT 300.55 705.50 Td (as ) Tj ET Q q 0 0 0 rg BT 310.66 705.50 Td (the ) Tj ET Q q 0 0 0 rg BT 323.36 705.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 360.33 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 368.70 705.50 Td (the ) Tj ET Q q 0 0 0 rg BT 381.41 705.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 411.00 705.50 Td (value ) Tj ET Q q 0 0 0 rg BT 431.50 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 439.87 705.50 Td (the ) Tj ET Q q 0 0 0 rg BT 452.58 705.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 477.59 705.50 Td (equity) Tj ET Q q 0 0 0 rg BT 497.81 705.50 Td (, ) Tj ET Q q 0 0 0 rg BT 501.85 705.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 523.21 705.50 Td (B ) Tj ET Q q 0 0 0 rg BT 530.28 705.50 Td (LP) Tj ET Q q 0 0 0 rg BT 539.67 705.50 Td ( ) Tj ET Q q 0 0 0 rg BT 541.55 705.50 Td (units ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 69.39 694.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 100.80 694.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 121.81 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.20 694.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 172.07 694.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 203.05 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 218.44 694.10 Td (this ) Tj ET Q q 0 0 0 rg BT 232.95 694.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 265.65 694.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 293.16 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.38 694.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 336.06 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 357.07 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.96 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.19 694.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 396.79 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.19 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.08 694.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 431.26 694.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 459.20 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.59 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 482.61 694.10 Td (used ) Tj ET Q q 0 0 0 rg BT 501.89 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 512.52 694.10 Td (Management ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 682.70 Td (on ) Tj ET Q q 0 0 0 rg BT 64.91 682.70 Td (both ) Tj ET Q q 0 0 0 rg BT 82.33 682.70 Td (an ) Tj ET Q q 0 0 0 rg BT 93.24 682.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 130.57 682.70 Td (and ) Tj ET Q q 0 0 0 rg BT 145.82 682.70 Td (per ) Tj ET Q q 0 0 0 rg BT 159.33 682.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 174.14 682.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 194.57 682.70 Td (to ) Tj ET Q q 0 0 0 rg BT 203.32 682.70 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 235.02 682.70 Td (the ) Tj ET Q q 0 0 0 rg BT 248.10 682.70 Td (net ) Tj ET Q q 0 0 0 rg BT 261.18 682.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 282.06 682.70 Td (value ) Tj ET Q q 0 0 0 rg BT 302.93 682.70 Td (attributable ) Tj ET Q q 0 0 0 rg BT 343.72 682.70 Td (to ) Tj ET Q q 0 0 0 rg BT 352.47 682.70 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 392.83 682.70 Td (and ) Tj ET Q q 0 0 0 rg BT 408.08 682.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 439.78 682.70 Td (thereon ) Tj ET Q q 0 0 0 rg BT 468.45 682.70 Td (based ) Tj ET Q q 0 0 0 rg BT 491.93 682.70 Td (on ) Tj ET Q q 0 0 0 rg BT 502.84 682.70 Td (the ) Tj ET Q q 0 0 0 rg BT 515.92 682.70 Td (execution ) Tj ET Q q 0 0 0 rg BT 551.52 682.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 671.30 Td (the ) Tj ET Q q 0 0 0 rg BT 67.00 671.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 92.30 671.30 Td (strategy) Tj ET Q q 0 0 0 rg BT 119.44 671.30 Td (. ) Tj ET Q q 0 0 0 rg BT 123.78 671.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 653.90 Td (The ) Tj ET Q q 0 0 0 rg BT 69.79 653.90 Td (following ) Tj ET Q q 0 0 0 rg BT 102.46 653.90 Td (is ) Tj ET Q q 0 0 0 rg BT 110.45 653.90 Td (the ) Tj ET Q q 0 0 0 rg BT 123.65 653.90 Td (calculation ) Tj ET Q q 0 0 0 rg BT 162.82 653.90 Td (of ) Tj ET Q q 0 0 0 rg BT 171.69 653.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 191.79 653.90 Td (net ) Tj ET Q q 0 0 0 rg BT 204.99 653.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 225.97 653.90 Td (value ) Tj ET Q q 0 0 0 rg BT 246.96 653.90 Td (on ) Tj ET Q q 0 0 0 rg BT 257.99 653.90 Td (a ) Tj ET Q q 0 0 0 rg BT 264.69 653.90 Td (total ) Tj ET Q q 0 0 0 rg BT 281.78 653.90 Td (and ) Tj ET Q q 0 0 0 rg BT 297.14 653.90 Td (per ) Tj ET Q q 0 0 0 rg BT 310.76 653.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 325.69 653.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 346.24 653.90 Td (at ) Tj ET Q q 0 0 0 rg BT 355.10 653.90 Td (December ) Tj ET Q q 0 0 0 rg BT 393.39 653.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 406.59 653.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 426.28 653.90 Td (and ) Tj ET Q q 0 0 0 rg BT 441.64 653.90 Td (December ) Tj ET Q q 0 0 0 rg BT 479.94 653.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 493.13 653.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 512.83 653.90 Td (to ) Tj ET Q q 0 0 0 rg BT 521.69 653.90 Td (the ) Tj ET Q q 0 0 0 rg BT 534.88 653.90 Td (REIT's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 642.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 99.91 642.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 130.67 642.50 Td (statements:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 632 m 385.5 632 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 632 m 471.5 632 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 632 m 557.5 632 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 617 m 385.5 617 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 385.5 617 m 471.5 617 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471.5 617 m 557.5 617 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 572 m 385.5 572 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 385.5 572 m 471.5 572 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471.5 572 m 557.5 572 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 557 m 385.5 557 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 557 m 471.5 557 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 557 m 557.5 557 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 53.5 527 m 385.5 527 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 385.5 527 m 471.5 527 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471.5 527 m 557.5 527 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 512 m 385.5 512 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 512 m 471.5 512 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 512 m 557.5 512 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.80 621.53 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.55 621.53 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 56.00 606.53 Td (Equity) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 388.00 606.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.20 606.53 Td (484,548) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.00 606.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.20 606.53 Td (345,712) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 56.00 591.53 Td (Class B LP) Tj ET Q q 0 0 0 rg BT 94.47 591.53 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 444.55 591.53 Td (43,021) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.55 591.53 Td (41,753) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 56.00 576.53 Td (Deferred unit liability) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.40 576.53 Td (491) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.40 576.53 Td (397) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 56.00 561.53 Td (IFRS net asset value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 388.00 561.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.20 561.53 Td (528,060) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.00 561.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.20 561.53 Td (387,862) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 56.00 531.53 Td (Diluted number of units outstanding ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 180.74 533.96 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 444.55 531.53 Td (62,283) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.55 531.53 Td (46,079) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 56.00 516.53 Td (IFRS net asset value per unit) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 388.00 516.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.20 516.53 Td (8.48) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.00 516.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 539.20 516.53 Td (8.42) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 54.00 503.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.23 503.50 Td (Represents ) Tj ET Q q 0 0 0 rg BT 96.39 503.50 Td (the ) Tj ET Q q 0 0 0 rg BT 106.65 503.50 Td (diluted ) Tj ET Q q 0 0 0 rg BT 126.48 503.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 152.81 503.50 Td (average ) Tj ET Q q 0 0 0 rg BT 176.75 503.50 Td (number ) Tj ET Q q 0 0 0 rg BT 199.31 503.50 Td (of ) Tj ET Q q 0 0 0 rg BT 206.15 503.50 Td (units ) Tj ET Q q 0 0 0 rg BT 220.86 503.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 254.37 503.50 Td (and ) Tj ET Q q 0 0 0 rg BT 266.34 503.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 290.62 503.50 Td (the ) Tj ET Q q 0 0 0 rg BT 300.88 503.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 327.21 503.50 Td (average ) Tj ET Q q 0 0 0 rg BT 351.15 503.50 Td (of ) Tj ET Q q 0 0 0 rg BT 357.99 503.50 Td (all ) Tj ET Q q 0 0 0 rg BT 365.85 503.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 379.75 503.50 Td ( ) Tj ET Q q 0 0 0 rg BT 381.46 503.50 Td (units, ) Tj ET Q q 0 0 0 rg BT 397.88 503.50 Td (DUP) Tj ET Q q 0 0 0 rg BT 410.75 503.50 Td ( ) Tj ET Q q 0 0 0 rg BT 412.46 503.50 Td (units ) Tj ET Q q 0 0 0 rg BT 427.16 503.50 Td (and ) Tj ET Q q 0 0 0 rg BT 439.14 503.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 456.22 503.50 Td (B ) Tj ET Q q 0 0 0 rg BT 462.04 503.50 Td (LP) Tj ET Q q 0 0 0 rg BT 469.45 503.50 Td ( ) Tj ET Q q 0 0 0 rg BT 471.16 503.50 Td (units.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 480.70 Td (During ) Tj ET Q q 0 0 0 rg BT 78.87 480.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 100.29 480.70 Td (the ) Tj ET Q q 0 0 0 rg BT 113.04 480.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 138.10 480.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 157.76 480.70 Td (net ) Tj ET Q q 0 0 0 rg BT 170.52 480.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 191.07 480.70 Td (value ) Tj ET Q q 0 0 0 rg BT 211.62 480.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 247.32 480.70 Td ($0.06 ) Tj ET Q q 0 0 0 rg BT 268.74 480.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.16 480.70 Td ($8.48) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 296.66 480.70 Td ( ) Tj ET Q q 0 0 0 rg BT 298.58 480.70 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.09 480.70 Td ($8.42) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 335.58 480.70 Td (. ) Tj ET Q q 0 0 0 rg BT 339.67 480.70 Td ( ) Tj ET Q q 0 0 0 rg BT 341.48 480.70 Td (This ) Tj ET Q q 0 0 0 rg BT 358.12 480.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 389.49 480.70 Td (is ) Tj ET Q q 0 0 0 rg BT 397.04 480.70 Td (after ) Tj ET Q q 0 0 0 rg BT 414.55 480.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 458.05 480.70 Td (of ) Tj ET Q q 0 0 0 rg BT 466.47 480.70 Td ($0.75 ) Tj ET Q q 0 0 0 rg BT 487.89 480.70 Td (to ) Tj ET Q q 0 0 0 rg BT 496.31 480.70 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 536.35 480.70 Td (during ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 469.30 Td (the ) Tj ET Q q 0 0 0 rg BT 67.00 469.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 86.49 469.30 Td (year) Tj ET Q q 0 0 0 rg BT 101.22 469.30 Td (. ) Tj ET Q q 0 0 0 rg BT 105.56 469.30 Td ( ) Tj ET Q q 0 0 0 rg BT 107.30 469.30 Td (A) Tj ET Q q 0 0 0 rg BT 112.06 469.30 Td ( ) Tj ET Q q 0 0 0 rg BT 114.23 469.30 Td (full ) Tj ET Q q 0 0 0 rg BT 126.36 469.30 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 173.99 469.30 Td (of ) Tj ET Q q 0 0 0 rg BT 182.66 469.30 Td (the ) Tj ET Q q 0 0 0 rg BT 195.66 469.30 Td (change ) Tj ET Q q 0 0 0 rg BT 223.38 469.30 Td (in ) Tj ET Q q 0 0 0 rg BT 231.61 469.30 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 251.52 469.30 Td (net ) Tj ET Q q 0 0 0 rg BT 264.52 469.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 285.31 469.30 Td (value ) Tj ET Q q 0 0 0 rg BT 306.10 469.30 Td (is ) Tj ET Q q 0 0 0 rg BT 313.90 469.30 Td (included ) Tj ET Q q 0 0 0 rg BT 345.08 469.30 Td (in ) Tj ET Q q 0 0 0 rg BT 353.31 469.30 Td (the ) Tj ET Q q 0 0 0 rg BT 366.17 469.30 Td (T) Tj ET Q q 0 0 0 rg BT 370.07 469.30 Td (otal ) Tj ET Q q 0 0 0 rg BT 384.80 469.30 Td (Return ) Tj ET Q q 0 0 0 rg BT 410.35 469.30 Td (section ) Tj ET Q q 0 0 0 rg BT 437.20 469.30 Td (of ) Tj ET Q q 0 0 0 rg BT 445.86 469.30 Td (this ) Tj ET Q q 0 0 0 rg BT 460.16 469.30 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 486.99 469.30 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 451.90 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 87.89 451.90 Td ( ) Tj ET Q q 0 0 0 rg BT 89.77 451.90 Td (AND ) Tj ET Q q 0 0 0 rg BT 108.80 451.90 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 131.60 451.90 Td (AL) Tj ET Q q 0 0 0 rg BT 141.84 451.90 Td ( ) Tj ET Q q 0 0 0 rg BT 144.01 451.90 Td (RESOURCES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.72 434.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.32 434.50 Td ( ) Tj ET Q q 0 0 0 rg BT 84.12 434.50 Td (endeavors ) Tj ET Q q 0 0 0 rg BT 122.29 434.50 Td (to ) Tj ET Q q 0 0 0 rg BT 130.58 434.50 Td (maintain ) Tj ET Q q 0 0 0 rg BT 161.82 434.50 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 203.02 434.50 Td (levels ) Tj ET Q q 0 0 0 rg BT 224.73 434.50 Td (of ) Tj ET Q q 0 0 0 rg BT 233.02 434.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 263.39 434.50 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 291.17 434.50 Td (to ) Tj ET Q q 0 0 0 rg BT 299.46 434.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 318.57 434.50 Td (its ) Tj ET Q q 0 0 0 rg BT 328.15 434.50 Td (business ) Tj ET Q q 0 0 0 rg BT 360.69 434.50 Td (objectives ) Tj ET Q q 0 0 0 rg BT 397.13 434.50 Td (and ) Tj ET Q q 0 0 0 rg BT 411.92 434.50 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 462.20 434.50 Td ( ) Tj ET Q q 0 0 0 rg BT 463.99 434.50 Td (Primarily) Tj ET Q q 0 0 0 rg BT 493.71 434.50 Td (, ) Tj ET Q q 0 0 0 rg BT 497.67 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 510.29 434.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 527.90 434.50 Td ( ) Tj ET Q q 0 0 0 rg BT 529.69 434.50 Td (utilizes ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 82.95 423.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 104.28 423.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 134.27 423.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.04 423.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 170.87 423.10 Td (this ) Tj ET Q q 0 0 0 rg BT 185.27 423.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.13 423.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 244.39 423.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.73 423.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 282.29 423.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.07 423.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 309.80 423.10 Td (on ) Tj ET Q q 0 0 0 rg BT 320.74 423.10 Td (hand. ) Tj ET Q q 0 0 0 rg BT 342.37 423.10 Td (The ) Tj ET Q q 0 0 0 rg BT 358.07 423.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 391.52 423.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 412.85 423.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 442.84 423.10 Td (can ) Tj ET Q q 0 0 0 rg BT 457.67 423.10 Td (be ) Tj ET Q q 0 0 0 rg BT 468.61 423.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 492.10 423.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.30 423.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 525.23 423.10 Td (on ) Tj ET Q q 0 0 0 rg BT 536.17 423.10 Td (short ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 411.70 Td (notice, ) Tj ET Q q 0 0 0 rg BT 74.62 411.70 Td (which ) Tj ET Q q 0 0 0 rg BT 96.70 411.70 Td (reduces ) Tj ET Q q 0 0 0 rg BT 126.59 411.70 Td (the ) Tj ET Q q 0 0 0 rg BT 139.59 411.70 Td (need ) Tj ET Q q 0 0 0 rg BT 159.08 411.70 Td (to ) Tj ET Q q 0 0 0 rg BT 167.75 411.70 Td (hold ) Tj ET Q q 0 0 0 rg BT 184.64 411.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 203.27 411.70 Td (and ) Tj ET Q q 0 0 0 rg BT 218.43 411.70 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 251.78 411.70 Td (while ) Tj ET Q q 0 0 0 rg BT 271.70 411.70 Td (also ) Tj ET Q q 0 0 0 rg BT 288.16 411.70 Td (minimizing ) Tj ET Q q 0 0 0 rg BT 327.12 411.70 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 363.49 411.70 Td (rates. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 394.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.75 394.30 Td (principal ) Tj ET Q q 0 0 0 rg BT 95.59 394.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 123.40 394.30 Td (needs ) Tj ET Q q 0 0 0 rg BT 146.45 394.30 Td (of ) Tj ET Q q 0 0 0 rg BT 154.77 394.30 Td (the ) Tj ET Q q 0 0 0 rg BT 167.43 394.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 185.04 394.30 Td ( ) Tj ET Q q 0 0 0 rg BT 186.86 394.30 Td (arise ) Tj ET Q q 0 0 0 rg BT 205.57 394.30 Td (from ) Tj ET Q q 0 0 0 rg BT 222.98 394.30 Td (working ) Tj ET Q q 0 0 0 rg BT 251.65 394.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 276.00 394.30 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 325.45 394.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 368.85 394.30 Td (to ) Tj ET Q q 0 0 0 rg BT 377.18 394.30 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 419.28 394.30 Td (planned ) Tj ET Q q 0 0 0 rg BT 448.83 394.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 476.22 394.30 Td (of ) Tj ET Q q 0 0 0 rg BT 484.54 394.30 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 530.98 394.30 Td (capital ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 382.90 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 98.85 382.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 126.12 382.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 146.88 382.90 Td (and ) Tj ET Q q 0 0 0 rg BT 162.46 382.90 Td (future ) Tj ET Q q 0 0 0 rg BT 184.96 382.90 Td (property ) Tj ET Q q 0 0 0 rg BT 216.12 382.90 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 261.57 382.90 Td (Cash ) Tj ET Q q 0 0 0 rg BT 282.33 382.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 302.66 382.90 Td (from ) Tj ET Q q 0 0 0 rg BT 320.82 382.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 355.88 382.90 Td (the ) Tj ET Q q 0 0 0 rg BT 369.29 382.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 388.63 382.90 Td (s ) Tj ET Q q 0 0 0 rg BT 395.10 382.90 Td (property ) Tj ET Q q 0 0 0 rg BT 426.26 382.90 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 458.72 382.90 Td (available ) Tj ET Q q 0 0 0 rg BT 492.04 382.90 Td (funding ) Tj ET Q q 0 0 0 rg BT 520.18 382.90 Td (under ) Tj ET Q q 0 0 0 rg BT 542.68 382.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 371.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 68.84 371.50 Td (s ) Tj ET Q q 0 0 0 rg BT 74.52 371.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 95.35 371.50 Td (facilities ) Tj ET Q q 0 0 0 rg BT 124.85 371.50 Td (and ) Tj ET Q q 0 0 0 rg BT 139.63 371.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 157.87 371.50 Td (on ) Tj ET Q q 0 0 0 rg BT 168.32 371.50 Td (hand ) Tj ET Q q 0 0 0 rg BT 187.43 371.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 222.12 371.50 Td (the ) Tj ET Q q 0 0 0 rg BT 234.74 371.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 262.49 371.50 Td (sources ) Tj ET Q q 0 0 0 rg BT 291.55 371.50 Td (of ) Tj ET Q q 0 0 0 rg BT 299.83 371.50 Td (liquidity) Tj ET Q q 0 0 0 rg BT 325.25 371.50 Td (. ) Tj ET Q q 0 0 0 rg BT 329.20 371.50 Td (Cash ) Tj ET Q q 0 0 0 rg BT 349.16 371.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 368.69 371.50 Td (from ) Tj ET Q q 0 0 0 rg BT 386.06 371.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 424.22 371.50 Td (are ) Tj ET Q q 0 0 0 rg BT 437.26 371.50 Td (dependent ) Tj ET Q q 0 0 0 rg BT 475.87 371.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 494.99 371.50 Td (rental ) Tj ET Q q 0 0 0 rg BT 516.26 371.50 Td (occupancy ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 360.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 73.75 360.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 95.41 360.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 117.06 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.06 360.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 164.71 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.37 360.10 Td (rents, ) Tj ET Q q 0 0 0 rg BT 195.03 360.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 233.13 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.79 360.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 276.45 360.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 296.80 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.97 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.96 360.10 Td (level ) Tj ET Q q 0 0 0 rg BT 343.15 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.82 360.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 386.47 360.10 Td (costs. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 342.70 Td (The REIT's available liquidity is as follows: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 332.20000000000005 m 390 332.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 317.20000000000005 m 390 317.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 332.20000000000005 m 472 332.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 317.20000000000005 m 472 317.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 332.20000000000005 m 554 332.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 317.20000000000005 m 554 317.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 317.20000000000005 m 472 317.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 317.20000000000005 m 554 317.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 272.20000000000005 m 390 272.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 257.20000000000005 m 390 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 272.20000000000005 m 472 272.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 257.20000000000005 m 472 257.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 272.20000000000005 m 554 272.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 257.20000000000005 m 554 257.20000000000005 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 398.30 321.73 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 321.73 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 306.73 Td (Cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.50 306.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.40 306.73 Td (9,153) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 306.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 306.73 Td (4,252) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 291.73 Td (Undrawn operating and credit facilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.05 291.73 Td (33,803) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 291.73 Td (38,196) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 276.73 Td (Undrawn construction facility) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.05 276.73 Td (19,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 276.73 Td (7,501) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 261.73 Td (Liquidity) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.50 261.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.05 261.73 Td (61,956) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 261.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 261.73 Td (49,949) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 240.30 Td (DEBT ) Tj ET Q q 0 0 0 rg BT 72.87 240.30 Td (STRA) Tj ET Q q 0 0 0 rg BT 93.49 240.30 Td (TEGY) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 222.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.78 222.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.12 222.90 Td (s ) Tj ET Q q 0 0 0 rg BT 89.87 222.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 128.98 222.90 Td (with ) Tj ET Q q 0 0 0 rg BT 144.69 222.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 172.09 222.90 Td (to ) Tj ET Q q 0 0 0 rg BT 180.45 222.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 197.47 222.90 Td (repayments ) Tj ET Q q 0 0 0 rg BT 240.03 222.90 Td (and ) Tj ET Q q 0 0 0 rg BT 254.88 222.90 Td (funding ) Tj ET Q q 0 0 0 rg BT 282.30 222.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 329.62 222.90 Td (for ) Tj ET Q q 0 0 0 rg BT 340.57 222.90 Td (future ) Tj ET Q q 0 0 0 rg BT 362.35 222.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 401.88 222.90 Td (property ) Tj ET Q q 0 0 0 rg BT 432.32 222.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 474.89 222.90 Td (will ) Tj ET Q q 0 0 0 rg BT 487.56 222.90 Td (be ) Tj ET Q q 0 0 0 rg BT 498.08 222.90 Td (primarilyfunded ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 211.50 Td (from ) Tj ET Q q 0 0 0 rg BT 67.25 211.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 85.87 211.50 Td (retained ) Tj ET Q q 0 0 0 rg BT 116.19 211.50 Td (after ) Tj ET Q q 0 0 0 rg BT 133.95 211.50 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 179.86 211.50 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 220.14 211.50 Td (the ) Tj ET Q q 0 0 0 rg BT 233.13 211.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 252.47 211.50 Td (s ) Tj ET Q q 0 0 0 rg BT 258.54 211.50 Td (maturing ) Tj ET Q q 0 0 0 rg BT 291.01 211.50 Td (debt, ) Tj ET Q q 0 0 0 rg BT 310.51 211.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 343.86 211.50 Td (unencumbered ) Tj ET Q q 0 0 0 rg BT 398.00 211.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 434.81 211.50 Td (or ) Tj ET Q q 0 0 0 rg BT 443.90 211.50 Td (future ) Tj ET Q q 0 0 0 rg BT 465.99 211.50 Td (issuances ) Tj ET Q q 0 0 0 rg BT 502.81 211.50 Td (of ) Tj ET Q q 0 0 0 rg BT 511.47 211.50 Td (trustunits. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.95 194.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.29 194.10 Td (s ) Tj ET Q q 0 0 0 rg BT 90.21 194.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 115.18 194.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 151.41 194.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 184.18 194.10 Td (is ) Tj ET Q q 0 0 0 rg BT 191.84 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.36 194.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 223.61 194.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 253.35 194.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 288.73 194.10 Td (withterms ) Tj ET Q q 0 0 0 rg BT 326.25 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.78 194.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 364.51 194.10 Td (that ) Tj ET Q q 0 0 0 rg BT 379.53 194.10 Td (are ) Tj ET Q q 0 0 0 rg BT 392.82 194.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 434.25 194.10 Td (having ) Tj ET Q q 0 0 0 rg BT 459.23 194.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 483.78 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.30 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.16 194.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 525.81 194.10 Td (maturity ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 182.70 Td (profiles ) Tj ET Q q 0 0 0 rg BT 76.41 182.70 Td (of ) Tj ET Q q 0 0 0 rg BT 84.71 182.70 Td (the ) Tj ET Q q 0 0 0 rg BT 97.33 182.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 135.08 182.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 171.52 182.70 Td (andwhich ) Tj ET Q q 0 0 0 rg BT 208.39 182.70 Td (allows ) Tj ET Q q 0 0 0 rg BT 231.83 182.70 Td (the ) Tj ET Q q 0 0 0 rg BT 244.46 182.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 262.07 182.70 Td ( ) Tj ET Q q 0 0 0 rg BT 263.86 182.70 Td (to ) Tj ET Q q 0 0 0 rg BT 272.16 182.70 Td (achieve ) Tj ET Q q 0 0 0 rg BT 300.81 182.70 Td (and ) Tj ET Q q 0 0 0 rg BT 315.60 182.70 Td (maintain ) Tj ET Q q 0 0 0 rg BT 346.85 182.70 Td (staggered ) Tj ET Q q 0 0 0 rg BT 383.29 182.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 400.26 182.70 Td (maturities ) Tj ET Q q 0 0 0 rg BT 435.82 182.70 Td (that ) Tj ET Q q 0 0 0 rg BT 450.62 182.70 Td (reduce ) Tj ET Q q 0 0 0 rg BT 476.23 182.70 Td (its ) Tj ET Q q 0 0 0 rg BT 485.82 182.70 Td (exposure ) Tj ET Q q 0 0 0 rg BT 519.67 182.70 Td (to ) Tj ET Q q 0 0 0 rg BT 527.96 182.70 Td (interest ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 171.30 Td (ratefluctuations ) Tj ET Q q 0 0 0 rg BT 107.17 171.30 Td (and ) Tj ET Q q 0 0 0 rg BT 122.84 171.30 Td (re-financing ) Tj ET Q q 0 0 0 rg BT 166.21 171.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 180.99 171.30 Td (in ) Tj ET Q q 0 0 0 rg BT 189.72 171.30 Td (any ) Tj ET Q q 0 0 0 rg BT 204.95 171.30 Td (particular ) Tj ET Q q 0 0 0 rg BT 239.65 171.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 265.97 171.30 Td (The ) Tj ET Q q 0 0 0 rg BT 282.06 171.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 299.67 171.30 Td ( ) Tj ET Q q 0 0 0 rg BT 302.34 171.30 Td (also ) Tj ET Q q 0 0 0 rg BT 319.30 171.30 Td (endeavors ) Tj ET Q q 0 0 0 rg BT 358.35 171.30 Td (to ) Tj ET Q q 0 0 0 rg BT 367.51 171.30 Td (have ) Tj ET Q q 0 0 0 rg BT 387.07 171.30 Td (an ) Tj ET Q q 0 0 0 rg BT 398.40 171.30 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 440.48 171.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 469.13 171.30 Td (of ) Tj ET Q q 0 0 0 rg BT 478.30 171.30 Td (fixed ) Tj ET Q q 0 0 0 rg BT 497.42 171.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 513.51 171.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 531.34 171.30 Td (and ) Tj ET Q q 0 0 0 rg BT 547.00 171.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 159.90 Td (extend ) Tj ET Q q 0 0 0 rg BT 75.17 159.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 92.17 159.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 113.92 159.90 Td (when ) Tj ET Q q 0 0 0 rg BT 134.82 159.90 Td (borrowingconditions ) Tj ET Q q 0 0 0 rg BT 208.54 159.90 Td (are ) Tj ET Q q 0 0 0 rg BT 222.08 159.90 Td (favourable, ) Tj ET Q q 0 0 0 rg BT 262.90 159.90 Td (which ) Tj ET Q q 0 0 0 rg BT 285.09 159.90 Td (is ) Tj ET Q q 0 0 0 rg BT 292.99 159.90 Td (actively ) Tj ET Q q 0 0 0 rg BT 321.24 159.90 Td (monitored ) Tj ET Q q 0 0 0 rg BT 358.16 159.90 Td (by ) Tj ET Q q 0 0 0 rg BT 368.66 159.90 Td (Management. ) Tj ET Q q 0 0 0 rg BT 418.58 159.90 Td (In ) Tj ET Q q 0 0 0 rg BT 427.35 159.90 Td (this ) Tj ET Q q 0 0 0 rg BT 441.75 159.90 Td (respect, ) Tj ET Q q 0 0 0 rg BT 471.74 159.90 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 514.31 159.90 Td (to ) Tj ET Q q 0 0 0 rg BT 523.08 159.90 Td (year ) Tj ET Q q 0 0 0 rg BT 540.51 159.90 Td (end ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 148.50 Td (the ) Tj ET Q q 0 0 0 rg BT 62.26 148.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 79.87 148.50 Td ( ) Tj ET Q q 0 0 0 rg BT 81.80 148.50 Td (entered ) Tj ET Q q 0 0 0 rg BT 110.15 148.50 Td (into ) Tj ET Q q 0 0 0 rg BT 124.64 148.50 Td (a ) Tj ET Q q 0 0 0 rg BT 130.90 148.50 Td ($100.0 ) Tj ET Q q 0 0 0 rg BT 156.66 148.50 Td (million ) Tj ET Q q 0 0 0 rg BT 180.66 148.50 Td (notional ) Tj ET Q q 0 0 0 rg BT 209.88 148.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 237.80 148.50 Td (forward ) Tj ET Q q 0 0 0 rg BT 265.70 148.50 Td (starting ) Tj ET Q q 0 0 0 rg BT 293.18 148.50 Td (pay-fixed ) Tj ET Q q 0 0 0 rg BT 326.72 148.50 Td (receive-float ) Tj ET Q q 0 0 0 rg BT 371.09 148.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 398.56 148.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 413.92 148.50 Td (swap. ) Tj ET Q q 0 0 0 rg BT 436.20 148.50 Td ( ) Tj ET Q q 0 0 0 rg BT 438.01 148.50 Td (The ) Tj ET Q q 0 0 0 rg BT 453.36 148.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 480.84 148.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 496.19 148.50 Td (swap ) Tj ET Q q 0 0 0 rg BT 516.30 148.50 Td (has ) Tj ET Q q 0 0 0 rg BT 530.79 148.50 Td (a ) Tj ET Q q 0 0 0 rg BT 537.06 148.50 Td (fixed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 65.09 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.76 137.10 Td (2.55%, ) Tj ET Q q 0 0 0 rg BT 100.18 137.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 146.51 137.10 Td (June ) Tj ET Q q 0 0 0 rg BT 165.57 137.10 Td (29, ) Tj ET Q q 0 0 0 rg BT 178.57 137.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 198.07 137.10 Td (with ) Tj ET Q q 0 0 0 rg BT 214.08 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 220.58 137.10 Td (five ) Tj ET Q q 0 0 0 rg BT 234.88 137.10 Td (year ) Tj ET Q q 0 0 0 rg BT 252.20 137.10 Td (term. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 119.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.60 119.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.21 119.70 Td ( ) Tj ET Q q 0 0 0 rg BT 83.88 119.70 Td (has ) Tj ET Q q 0 0 0 rg BT 98.12 119.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 126.64 119.70 Td (sources ) Tj ET Q q 0 0 0 rg BT 155.60 119.70 Td (of ) Tj ET Q q 0 0 0 rg BT 163.77 119.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 196.64 119.70 Td (from ) Tj ET Q q 0 0 0 rg BT 213.89 119.70 Td (its ) Tj ET Q q 0 0 0 rg BT 223.36 119.70 Td (various ) Tj ET Q q 0 0 0 rg BT 250.15 119.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 270.88 119.70 Td (facilities ) Tj ET Q q 0 0 0 rg BT 300.27 119.70 Td (which ) Tj ET Q q 0 0 0 rg BT 321.86 119.70 Td (have ) Tj ET Q q 0 0 0 rg BT 340.43 119.70 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 376.31 119.70 Td (capacity ) Tj ET Q q 0 0 0 rg BT 406.57 119.70 Td (available ) Tj ET Q q 0 0 0 rg BT 438.99 119.70 Td (and ) Tj ET Q q 0 0 0 rg BT 453.67 119.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 480.89 119.70 Td (shorter ) Tj ET Q q 0 0 0 rg BT 506.81 119.70 Td (term ) Tj ET Q q 0 0 0 rg BT 524.07 119.70 Td (flexibility ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 108.30 Td (to ) Tj ET Q q 0 0 0 rg BT 57.93 108.30 Td (support ) Tj ET Q q 0 0 0 rg BT 85.85 108.30 Td (the ) Tj ET Q q 0 0 0 rg BT 98.62 108.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 123.68 108.30 Td (multiple ) Tj ET Q q 0 0 0 rg BT 152.46 108.30 Td (growth-oriented ) Tj ET Q q 0 0 0 rg BT 208.52 108.30 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 244.67 108.30 Td (Further) Tj ET Q q 0 0 0 rg BT 269.35 108.30 Td (, ) Tj ET Q q 0 0 0 rg BT 273.45 108.30 Td (in ) Tj ET Q q 0 0 0 rg BT 281.45 108.30 Td (instances ) Tj ET Q q 0 0 0 rg BT 316.30 108.30 Td (where ) Tj ET Q q 0 0 0 rg BT 339.44 108.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 386.85 108.30 Td (believes ) Tj ET Q q 0 0 0 rg BT 417.37 108.30 Td (that ) Tj ET Q q 0 0 0 rg BT 432.30 108.30 Td (there ) Tj ET Q q 0 0 0 rg BT 451.99 108.30 Td (are ) Tj ET Q q 0 0 0 rg BT 465.18 108.30 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 505.23 108.30 Td (value ) Tj ET Q q 0 0 0 rg BT 525.79 108.30 Td (creation ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 96.90 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 97.84 96.90 Td (the ) Tj ET Q q 0 0 0 rg BT 110.23 96.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 127.84 96.90 Td ( ) Tj ET Q q 0 0 0 rg BT 129.41 96.90 Td (will ) Tj ET Q q 0 0 0 rg BT 141.78 96.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 174.96 96.90 Td (seek ) Tj ET Q q 0 0 0 rg BT 192.98 96.90 Td (to ) Tj ET Q q 0 0 0 rg BT 201.04 96.90 Td (utilize ) Tj ET Q q 0 0 0 rg BT 222.52 96.90 Td (short-term ) Tj ET Q q 0 0 0 rg BT 259.58 96.90 Td (floating ) Tj ET Q q 0 0 0 rg BT 286.27 96.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 301.25 96.90 Td (financing, ) Tj ET Q q 0 0 0 rg BT 336.17 96.90 Td (to ) Tj ET Q q 0 0 0 rg BT 344.23 96.90 Td (allow ) Tj ET Q q 0 0 0 rg BT 363.54 96.90 Td (for ) Tj ET Q q 0 0 0 rg BT 374.20 96.90 Td (maximum ) Tj ET Q q 0 0 0 rg BT 409.52 96.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 426.25 96.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 459.86 96.90 Td (when ) Tj ET Q q 0 0 0 rg BT 480.04 96.90 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 527.52 96.90 Td (utilizing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 85.50 Td (term ) Tj ET Q q 0 0 0 rg BT 67.34 85.50 Td (or ) Tj ET Q q 0 0 0 rg BT 76.52 85.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 111.69 85.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 129.11 85.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 148.69 85.50 Td (full ) Tj ET Q q 0 0 0 rg BT 160.91 85.50 Td (execution ) Tj ET Q q 0 0 0 rg BT 196.51 85.50 Td (of ) Tj ET Q q 0 0 0 rg BT 205.27 85.50 Td (Management's ) Tj ET Q q 0 0 0 rg BT 258.39 85.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 279.27 85.50 Td (strategy) Tj ET Q q 0 0 0 rg BT 306.41 85.50 Td (. ) Tj ET Q q 0 0 0 rg BT 310.84 85.50 Td ( ) Tj ET Q q 0 0 0 rg BT 312.65 85.50 Td (Additionally) Tj ET Q q 0 0 0 rg BT 351.92 85.50 Td (, ) Tj ET Q q 0 0 0 rg BT 356.34 85.50 Td (where ) Tj ET Q q 0 0 0 rg BT 379.81 85.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 427.54 85.50 Td (has ) Tj ET Q q 0 0 0 rg BT 442.36 85.50 Td (identified ) Tj ET Q q 0 0 0 rg BT 475.80 85.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 512.70 85.50 Td (for ) Tj ET Q q 0 0 0 rg BT 524.04 85.50 Td (potential ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 68.00 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.86 74.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 98.47 74.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.51 74.10 Td (will ) Tj ET Q q 0 0 0 rg BT 113.36 74.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 131.85 74.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.39 74.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 162.35 74.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 199.88 74.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 227.04 74.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 242.50 74.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 275.72 74.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.26 74.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 312.28 74.10 Td (value ) Tj ET Q q 0 0 0 rg BT 332.94 74.10 Td (erosion ) Tj ET Q q 0 0 0 rg BT 360.53 74.10 Td (on ) Tj ET Q q 0 0 0 rg BT 371.23 74.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 387.56 74.10 Td (from ) Tj ET Q q 0 0 0 rg BT 405.18 74.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 437.53 74.10 Td (a ) Tj ET Q q 0 0 0 rg BT 443.90 74.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 480.57 74.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.11 74.10 Td (assume ) Tj ET Q q 0 0 0 rg BT 518.43 74.10 Td (potentially ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 62.70 Td (above ) Tj ET Q q 0 0 0 rg BT 72.68 62.70 Td (market ) Tj ET Q q 0 0 0 rg BT 98.45 62.70 Td (low ) Tj ET Q q 0 0 0 rg BT 112.08 62.70 Td (leverage ) Tj ET Q q 0 0 0 rg BT 143.92 62.70 Td (debt. ) Tj ET Q q 0 0 0 rg BT 163.21 62.70 Td ( ) Tj ET Q q 0 0 0 rg BT 165.16 62.70 Td (While ) Tj ET Q q 0 0 0 rg BT 186.59 62.70 Td (the ) Tj ET Q q 0 0 0 rg BT 199.38 62.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 224.47 62.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 245.47 62.70 Td (facilities ) Tj ET Q q 0 0 0 rg BT 275.14 62.70 Td (represent ) Tj ET Q q 0 0 0 rg BT 310.01 62.70 Td (one ) Tj ET Q q 0 0 0 rg BT 324.96 62.70 Td (element ) Tj ET Q q 0 0 0 rg BT 354.63 62.70 Td (of ) Tj ET Q q 0 0 0 rg BT 363.08 62.70 Td (our ) Tj ET Q q 0 0 0 rg BT 376.29 62.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 403.81 62.70 Td (strategy) Tj ET Q q 0 0 0 rg BT 430.95 62.70 Td (, ) Tj ET Q q 0 0 0 rg BT 435.07 62.70 Td (this ) Tj ET Q q 0 0 0 rg BT 449.15 62.70 Td (will ) Tj ET Q q 0 0 0 rg BT 461.92 62.70 Td (be ) Tj ET Q q 0 0 0 rg BT 472.54 62.70 Td (coupled ) Tj ET Q q 0 0 0 rg BT 501.78 62.70 Td (with ) Tj ET Q q 0 0 0 rg BT 517.59 62.70 Td (the ) Tj ET Q q 0 0 0 rg BT 530.38 62.70 Td (REIT's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 51.30 Td (access ) Tj ET Q q 0 0 0 rg BT 75.65 51.30 Td (to ) Tj ET Q q 0 0 0 rg BT 84.05 51.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 117.13 51.30 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 158.87 51.30 Td (from ) Tj ET Q q 0 0 0 rg BT 176.35 51.30 Td (multiple ) Tj ET Q q 0 0 0 rg BT 205.09 51.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 235.58 51.30 Td (institutions ) Tj ET Q q 0 0 0 rg BT 274.29 51.30 Td (at ) Tj ET Q q 0 0 0 rg BT 282.69 51.30 Td (competitive ) Tj ET Q q 0 0 0 rg BT 323.99 51.30 Td (rates, ) Tj ET Q q 0 0 0 rg BT 345.38 51.30 Td (which ) Tj ET Q q 0 0 0 rg BT 367.19 51.30 Td (the ) Tj ET Q q 0 0 0 rg BT 379.92 51.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 397.53 51.30 Td ( ) Tj ET Q q 0 0 0 rg BT 399.42 51.30 Td (has ) Tj ET Q q 0 0 0 rg BT 413.88 51.30 Td (consistently ) Tj ET Q q 0 0 0 rg BT 456.49 51.30 Td (done. ) Tj ET Q q 0 0 0 rg BT 477.89 51.30 Td (In ) Tj ET Q q 0 0 0 rg BT 486.28 51.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 517.64 51.30 Td (the ) Tj ET Q q 0 0 0 rg BT 530.37 51.30 Td (REIT's ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 28) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 87.36 742.10 Td (development ) Tj ET Q q 0 0 0 rg BT 134.31 742.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 163.52 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.86 742.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 218.46 742.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 262.81 742.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 295.04 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 308.64 742.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 334.82 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 345.40 742.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 381.53 742.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 425.89 742.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 455.95 742.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 488.18 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 498.75 742.10 Td (various ) Tj ET Q q 0 0 0 rg BT 526.22 742.10 Td (banking ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (syndicates ) Tj ET Q q 0 0 0 rg BT 88.48 730.70 Td (at ) Tj ET Q q 0 0 0 rg BT 97.15 730.70 Td (attractive ) Tj ET Q q 0 0 0 rg BT 130.93 730.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 150.41 730.70 Td (for ) Tj ET Q q 0 0 0 rg BT 161.67 730.70 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 203.25 730.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 224.89 730.70 Td (commensurate ) Tj ET Q q 0 0 0 rg BT 278.59 730.70 Td (with ) Tj ET Q q 0 0 0 rg BT 294.61 730.70 Td (each ) Tj ET Q q 0 0 0 rg BT 313.67 730.70 Td (respective ) Tj ET Q q 0 0 0 rg BT 351.34 730.70 Td (project. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (During ) Tj ET Q q 0 0 0 rg BT 74.13 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 86.65 713.30 Td (year) Tj ET Q q 0 0 0 rg BT 101.38 713.30 Td (, ) Tj ET Q q 0 0 0 rg BT 105.23 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 117.75 713.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 135.36 713.30 Td ( ) Tj ET Q q 0 0 0 rg BT 137.05 713.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 174.69 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 187.21 713.30 Td (renewal ) Tj ET Q q 0 0 0 rg BT 216.17 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 224.36 713.30 Td (its ) Tj ET Q q 0 0 0 rg BT 233.84 713.30 Td ($105.0 ) Tj ET Q q 0 0 0 rg BT 259.36 713.30 Td (million ) Tj ET Q q 0 0 0 rg BT 283.12 713.30 Td (term ) Tj ET Q q 0 0 0 rg BT 300.39 713.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 316.81 713.30 Td (due ) Tj ET Q q 0 0 0 rg BT 331.50 713.30 Td (June ) Tj ET Q q 0 0 0 rg BT 350.08 713.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 362.60 713.30 Td (2017. ) Tj ET Q q 0 0 0 rg BT 383.68 713.30 Td (The ) Tj ET Q q 0 0 0 rg BT 398.79 713.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 419.96 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 428.15 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 440.67 713.30 Td (renewal ) Tj ET Q q 0 0 0 rg BT 469.63 713.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 496.87 713.30 Td (for ) Tj ET Q q 0 0 0 rg BT 507.65 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 520.17 713.30 Td (extension ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.02 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 70.87 701.90 Td (term ) Tj ET Q q 0 0 0 rg BT 88.47 701.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 105.22 701.90 Td (to ) Tj ET Q q 0 0 0 rg BT 113.74 701.90 Td (June ) Tj ET Q q 0 0 0 rg BT 132.66 701.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 145.51 701.90 Td (2019 ) Tj ET Q q 0 0 0 rg BT 164.86 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 179.88 701.90 Td (an ) Tj ET Q q 0 0 0 rg BT 190.56 701.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 222.03 701.90 Td (in ) Tj ET Q q 0 0 0 rg BT 230.11 701.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 258.12 701.90 Td (to ) Tj ET Q q 0 0 0 rg BT 266.64 701.90 Td ($120.0 ) Tj ET Q q 0 0 0 rg BT 292.49 701.90 Td (million. ) Tj ET Q q 0 0 0 rg BT 318.63 701.90 Td (The ) Tj ET Q q 0 0 0 rg BT 334.07 701.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 351.68 701.90 Td ( ) Tj ET Q q 0 0 0 rg BT 353.70 701.90 Td (also ) Tj ET Q q 0 0 0 rg BT 370.01 701.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 407.98 701.90 Td (a ) Tj ET Q q 0 0 0 rg BT 414.33 701.90 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 454.47 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 469.48 701.90 Td (extension ) Tj ET Q q 0 0 0 rg BT 504.86 701.90 Td (of ) Tj ET Q q 0 0 0 rg BT 513.38 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 526.23 701.90 Td (recently ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 690.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 81.32 690.50 Td (W) Tj ET Q q 0 0 0 rg BT 88.54 690.50 Td (est ) Tj ET Q q 0 0 0 rg BT 100.87 690.50 Td (Metro ) Tj ET Q q 0 0 0 rg BT 122.72 690.50 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 159.30 690.50 Td (Centre. ) Tj ET Q q 0 0 0 rg BT 186.78 690.50 Td ( ) Tj ET Q q 0 0 0 rg BT 188.60 690.50 Td (The ) Tj ET Q q 0 0 0 rg BT 203.96 690.50 Td (new ) Tj ET Q q 0 0 0 rg BT 220.19 690.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 253.31 690.50 Td (has ) Tj ET Q q 0 0 0 rg BT 267.81 690.50 Td (a ) Tj ET Q q 0 0 0 rg BT 274.08 690.50 Td (term ) Tj ET Q q 0 0 0 rg BT 291.60 690.50 Td (of ) Tj ET Q q 0 0 0 rg BT 300.04 690.50 Td (4 ) Tj ET Q q 0 0 0 rg BT 306.31 690.50 Td (years ) Tj ET Q q 0 0 0 rg BT 327.30 690.50 Td (and ) Tj ET Q q 0 0 0 rg BT 342.24 690.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 374.06 690.50 Td (an ) Tj ET Q q 0 0 0 rg BT 384.66 690.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 419.95 690.50 Td ($20.0 ) Tj ET Q q 0 0 0 rg BT 441.39 690.50 Td (million ) Tj ET Q q 0 0 0 rg BT 465.40 690.50 Td (in ) Tj ET Q q 0 0 0 rg BT 473.40 690.50 Td (financing, ) Tj ET Q q 0 0 0 rg BT 508.69 690.50 Td (the ) Tj ET Q q 0 0 0 rg BT 521.46 690.50 Td (proceeds ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.14 679.10 Td (which ) Tj ET Q q 0 0 0 rg BT 80.20 679.10 Td (were ) Tj ET Q q 0 0 0 rg BT 99.23 679.10 Td (used ) Tj ET Q q 0 0 0 rg BT 118.27 679.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.91 679.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 152.88 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.86 679.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 191.14 679.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 212.33 679.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 244.36 679.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 282.01 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.99 679.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 320.27 679.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 345.68 679.10 Td (. ) Tj ET Q q 0 0 0 rg BT 349.86 679.10 Td (The ) Tj ET Q q 0 0 0 rg BT 365.43 679.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 383.04 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.18 679.10 Td (had ) Tj ET Q q 0 0 0 rg BT 400.33 679.10 Td (not ) Tj ET Q q 0 0 0 rg BT 413.30 679.10 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 458.32 679.10 Td (this ) Tj ET Q q 0 0 0 rg BT 472.59 679.10 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 513.71 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.35 679.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 547.02 679.10 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 667.70 Td (acquisition. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 650.30 Td (On ) Tj ET Q q 0 0 0 rg BT 62.55 650.30 Td (September ) Tj ET Q q 0 0 0 rg BT 103.31 650.30 Td (29, ) Tj ET Q q 0 0 0 rg BT 116.79 650.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 138.94 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 152.43 650.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 170.04 650.30 Td ( ) Tj ET Q q 0 0 0 rg BT 172.69 650.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 211.29 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 224.78 650.30 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 265.54 650.30 Td (of ) Tj ET Q q 0 0 0 rg BT 274.69 650.30 Td (a ) Tj ET Q q 0 0 0 rg BT 281.68 650.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 317.24 650.30 Td (on ) Tj ET Q q 0 0 0 rg BT 328.56 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 342.05 650.30 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 374.16 650.30 Td (Building ) Tj ET Q q 0 0 0 rg BT 404.53 650.30 Td (in ) Tj ET Q q 0 0 0 rg BT 413.24 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 426.73 650.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 455.37 650.30 Td (of ) Tj ET Q q 0 0 0 rg BT 464.52 650.30 Td ($40.0 ) Tj ET Q q 0 0 0 rg BT 486.67 650.30 Td (million, ) Tj ET Q q 0 0 0 rg BT 513.57 650.30 Td (with ) Tj ET Q q 0 0 0 rg BT 530.07 650.30 Td (a ) Tj ET Q q 0 0 0 rg BT 537.06 650.30 Td (fixed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 638.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 77.13 638.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 92.63 638.90 Td (of ) Tj ET Q q 0 0 0 rg BT 101.21 638.90 Td (3.25%, ) Tj ET Q q 0 0 0 rg BT 127.54 638.90 Td (maturing ) Tj ET Q q 0 0 0 rg BT 159.93 638.90 Td (September ) Tj ET Q q 0 0 0 rg BT 200.11 638.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 213.02 638.90 Td (2020. ) Tj ET Q q 0 0 0 rg BT 234.60 638.90 Td (In ) Tj ET Q q 0 0 0 rg BT 243.17 638.90 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 284.67 638.90 Td (with ) Tj ET Q q 0 0 0 rg BT 300.60 638.90 Td (the ) Tj ET Q q 0 0 0 rg BT 313.51 638.90 Td (refinancing, ) Tj ET Q q 0 0 0 rg BT 355.86 638.90 Td (the ) Tj ET Q q 0 0 0 rg BT 368.77 638.90 Td (Johnson ) Tj ET Q q 0 0 0 rg BT 400.30 638.90 Td (Building ) Tj ET Q q 0 0 0 rg BT 430.10 638.90 Td (was ) Tj ET Q q 0 0 0 rg BT 446.03 638.90 Td (removed ) Tj ET Q q 0 0 0 rg BT 478.42 638.90 Td (as ) Tj ET Q q 0 0 0 rg BT 488.72 638.90 Td (a ) Tj ET Q q 0 0 0 rg BT 495.13 638.90 Td (secured ) Tj ET Q q 0 0 0 rg BT 524.93 638.90 Td (property ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 627.50 Td (from ) Tj ET Q q 0 0 0 rg BT 67.25 627.50 Td (the ) Tj ET Q q 0 0 0 rg BT 80.25 627.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 105.55 627.50 Td (revolving ) Tj ET Q q 0 0 0 rg BT 138.89 627.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 173.54 627.50 Td (facility) Tj ET Q q 0 0 0 rg BT 194.62 627.50 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (On ) Tj ET Q q 0 0 0 rg BT 62.18 610.10 Td (November ) Tj ET Q q 0 0 0 rg BT 100.40 610.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 113.52 610.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 135.30 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.42 610.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 166.03 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.32 610.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 206.55 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.67 610.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 260.07 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.86 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 275.48 610.10 Td ($13.0 ) Tj ET Q q 0 0 0 rg BT 297.26 610.10 Td (million ) Tj ET Q q 0 0 0 rg BT 321.62 610.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 356.82 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 367.77 610.10 Td (1) Tj ET Q q 0 0 0 rg BT 371.54 610.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 382.49 610.10 Td (Garry ) Tj ET Q q 0 0 0 rg BT 404.25 610.10 Td (Street, ) Tj ET Q q 0 0 0 rg BT 429.49 610.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 462.09 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 473.04 610.10 Td (December ) Tj ET Q q 0 0 0 rg BT 511.26 610.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 520.05 610.10 Td (2027 ) Tj ET Q q 0 0 0 rg BT 539.67 610.10 Td (with ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 598.70 Td (a ) Tj ET Q q 0 0 0 rg BT 55.65 598.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 73.93 598.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 101.31 598.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 116.55 598.70 Td (of ) Tj ET Q q 0 0 0 rg BT 124.87 598.70 Td (3.34%. ) Tj ET Q q 0 0 0 rg BT 150.95 598.70 Td (Concurrent ) Tj ET Q q 0 0 0 rg BT 191.31 598.70 Td (with ) Tj ET Q q 0 0 0 rg BT 206.98 598.70 Td (the ) Tj ET Q q 0 0 0 rg BT 219.64 598.70 Td (refinancing, ) Tj ET Q q 0 0 0 rg BT 261.74 598.70 Td (this ) Tj ET Q q 0 0 0 rg BT 275.68 598.70 Td (building ) Tj ET Q q 0 0 0 rg BT 304.36 598.70 Td (was ) Tj ET Q q 0 0 0 rg BT 320.03 598.70 Td (removed ) Tj ET Q q 0 0 0 rg BT 352.16 598.70 Td (as ) Tj ET Q q 0 0 0 rg BT 362.21 598.70 Td (a ) Tj ET Q q 0 0 0 rg BT 368.37 598.70 Td (secured ) Tj ET Q q 0 0 0 rg BT 397.91 598.70 Td (property ) Tj ET Q q 0 0 0 rg BT 428.31 598.70 Td (on ) Tj ET Q q 0 0 0 rg BT 438.79 598.70 Td (the ) Tj ET Q q 0 0 0 rg BT 451.45 598.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 476.40 598.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 509.40 598.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 530.28 598.70 Td (facility) Tj ET Q q 0 0 0 rg BT 551.36 598.70 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 587.30 Td (the ) Tj ET Q q 0 0 0 rg BT 62.47 587.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 101.86 587.30 Td (for ) Tj ET Q q 0 0 0 rg BT 113.10 587.30 Td (which ) Tj ET Q q 0 0 0 rg BT 135.15 587.30 Td (was ) Tj ET Q q 0 0 0 rg BT 151.15 587.30 Td (also ) Tj ET Q q 0 0 0 rg BT 167.58 587.30 Td (amended ) Tj ET Q q 0 0 0 rg BT 202.21 587.30 Td (for ) Tj ET Q q 0 0 0 rg BT 213.45 587.30 Td (total ) Tj ET Q q 0 0 0 rg BT 230.32 587.30 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 266.66 587.30 Td (capacity ) Tj ET Q q 0 0 0 rg BT 297.39 587.30 Td (of ) Tj ET Q q 0 0 0 rg BT 306.03 587.30 Td ($37.0 ) Tj ET Q q 0 0 0 rg BT 327.67 587.30 Td (million ) Tj ET Q q 0 0 0 rg BT 351.89 587.30 Td (expiring ) Tj ET Q q 0 0 0 rg BT 381.32 587.30 Td (on ) Tj ET Q q 0 0 0 rg BT 392.12 587.30 Td (November ) Tj ET Q q 0 0 0 rg BT 430.20 587.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 443.17 587.30 Td (2019 ) Tj ET Q q 0 0 0 rg BT 462.65 587.30 Td (with ) Tj ET Q q 0 0 0 rg BT 478.64 587.30 Td (a ) Tj ET Q q 0 0 0 rg BT 485.12 587.30 Td (floating ) Tj ET Q q 0 0 0 rg BT 512.38 587.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 540.08 587.30 Td (rate ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 575.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 575.90 Td (200 ) Tj ET Q q 0 0 0 rg BT 73.33 575.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 93.68 575.90 Td (points ) Tj ET Q q 0 0 0 rg BT 116.64 575.90 Td (over ) Tj ET Q q 0 0 0 rg BT 133.96 575.90 Td (the ) Tj ET Q q 0 0 0 rg BT 146.96 575.90 Td (1-month ) Tj ET Q q 0 0 0 rg BT 177.71 575.90 Td (Bankers' ) Tj ET Q q 0 0 0 rg BT 209.52 575.90 Td (Acceptances ) Tj ET Q q 0 0 0 rg BT 256.30 575.90 Td (rate. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 558.50 Td (Upon ) Tj ET Q q 0 0 0 rg BT 70.41 558.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 109.51 558.50 Td (of ) Tj ET Q q 0 0 0 rg BT 118.29 558.50 Td (20 ) Tj ET Q q 0 0 0 rg BT 129.24 558.50 Td (South ) Tj ET Q q 0 0 0 rg BT 151.89 558.50 Td (Clark ) Tj ET Q q 0 0 0 rg BT 172.35 558.50 Td (Street ) Tj ET Q q 0 0 0 rg BT 195.42 558.50 Td (on ) Tj ET Q q 0 0 0 rg BT 206.37 558.50 Td (February ) Tj ET Q q 0 0 0 rg BT 239.83 558.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 248.62 558.50 Td (2018, ) Tj ET Q q 0 0 0 rg BT 270.40 558.50 Td (the ) Tj ET Q q 0 0 0 rg BT 283.52 558.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 301.13 558.50 Td ( ) Tj ET Q q 0 0 0 rg BT 303.41 558.50 Td (amended ) Tj ET Q q 0 0 0 rg BT 338.18 558.50 Td (its ) Tj ET Q q 0 0 0 rg BT 348.26 558.50 Td (revolving ) Tj ET Q q 0 0 0 rg BT 381.73 558.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 420.39 558.50 Td (facility ) Tj ET Q q 0 0 0 rg BT 444.33 558.50 Td (expiring ) Tj ET Q q 0 0 0 rg BT 473.90 558.50 Td (on ) Tj ET Q q 0 0 0 rg BT 484.85 558.50 Td (June ) Tj ET Q q 0 0 0 rg BT 504.03 558.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 517.15 558.50 Td (2018. ) Tj ET Q q 0 0 0 rg BT 538.79 558.50 Td (This ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 547.10 Td (property ) Tj ET Q q 0 0 0 rg BT 80.05 547.10 Td (was ) Tj ET Q q 0 0 0 rg BT 95.87 547.10 Td (added ) Tj ET Q q 0 0 0 rg BT 119.50 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.97 547.10 Td (this ) Tj ET Q q 0 0 0 rg BT 142.06 547.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 175.21 547.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 209.66 547.10 Td (facility) Tj ET Q q 0 0 0 rg BT 230.74 547.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.88 547.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 264.56 547.10 Td (against ) Tj ET Q q 0 0 0 rg BT 291.65 547.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 308.77 547.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 329.79 547.10 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 372.03 547.10 Td (In ) Tj ET Q q 0 0 0 rg BT 380.50 547.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 421.88 547.10 Td (with ) Tj ET Q q 0 0 0 rg BT 437.70 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.50 547.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 483.66 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.12 547.10 Td (this ) Tj ET Q q 0 0 0 rg BT 506.22 547.10 Td (property) Tj ET Q q 0 0 0 rg BT 534.23 547.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.36 547.10 Td (U.S.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 535.70 Td ($55.6 ) Tj ET Q q 0 0 0 rg BT 71.16 535.70 Td (million ) Tj ET Q q 0 0 0 rg BT 95.41 535.70 Td (was ) Tj ET Q q 0 0 0 rg BT 111.42 535.70 Td (advanced ) Tj ET Q q 0 0 0 rg BT 147.38 535.70 Td (to ) Tj ET Q q 0 0 0 rg BT 156.04 535.70 Td (the ) Tj ET Q q 0 0 0 rg BT 169.04 535.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 185.92 535.70 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 518.30 Td (On ) Tj ET Q q 0 0 0 rg BT 61.98 518.30 Td (January ) Tj ET Q q 0 0 0 rg BT 91.78 518.30 Td (17, ) Tj ET Q q 0 0 0 rg BT 104.69 518.30 Td (2018, ) Tj ET Q q 0 0 0 rg BT 126.27 518.30 Td (the ) Tj ET Q q 0 0 0 rg BT 139.18 518.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 156.79 518.30 Td ( ) Tj ET Q q 0 0 0 rg BT 158.87 518.30 Td (announced ) Tj ET Q q 0 0 0 rg BT 199.51 518.30 Td (its ) Tj ET Q q 0 0 0 rg BT 209.39 518.30 Td (intention ) Tj ET Q q 0 0 0 rg BT 240.93 518.30 Td (to ) Tj ET Q q 0 0 0 rg BT 249.51 518.30 Td (acquire ) Tj ET Q q 0 0 0 rg BT 277.14 518.30 Td (seven ) Tj ET Q q 0 0 0 rg BT 300.01 518.30 Td (of) Tj ET Q q 0 0 0 rg BT 306.38 518.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 320.58 518.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 357.31 518.30 Td (located ) Tj ET Q q 0 0 0 rg BT 384.51 518.30 Td (in ) Tj ET Q q 0 0 0 rg BT 392.66 518.30 Td (the ) Tj ET Q q 0 0 0 rg BT 405.57 518.30 Td (GT) Tj ET Q q 0 0 0 rg BT 415.82 518.30 Td (A) Tj ET Q q 0 0 0 rg BT 420.59 518.30 Td ( ) Tj ET Q q 0 0 0 rg BT 422.67 518.30 Td (and ) Tj ET Q q 0 0 0 rg BT 437.34 518.30 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 464.98 518.30 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 496.51 518.30 Td (for ) Tj ET Q q 0 0 0 rg BT 507.68 518.30 Td (an ) Tj ET Q q 0 0 0 rg BT 518.43 518.30 Td (aggregate ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 506.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 84.02 506.90 Td (price ) Tj ET Q q 0 0 0 rg BT 103.38 506.90 Td (of ) Tj ET Q q 0 0 0 rg BT 112.35 506.90 Td ($191.4 ) Tj ET Q q 0 0 0 rg BT 138.65 506.90 Td (million ) Tj ET Q q 0 0 0 rg BT 163.19 506.90 Td (from ) Tj ET Q q 0 0 0 rg BT 181.25 506.90 Td (Slate ) Tj ET Q q 0 0 0 rg BT 201.48 506.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 237.30 506.90 Td (Real ) Tj ET Q q 0 0 0 rg BT 255.78 506.90 Td (Estate ) Tj ET Q q 0 0 0 rg BT 280.35 506.90 Td (Opportunity ) Tj ET Q q 0 0 0 rg BT 323.10 506.90 Td (Fund ) Tj ET Q q 0 0 0 rg BT 343.32 506.90 Td (I ) Tj ET Q q 0 0 0 rg BT 347.96 506.90 Td (LP) Tj ET Q q 0 0 0 rg BT 356.49 506.90 Td (. ) Tj ET Q q 0 0 0 rg BT 360.98 506.90 Td (The ) Tj ET Q q 0 0 0 rg BT 376.87 506.90 Td (closing ) Tj ET Q q 0 0 0 rg BT 403.59 506.90 Td (of ) Tj ET Q q 0 0 0 rg BT 412.56 506.90 Td (the ) Tj ET Q q 0 0 0 rg BT 425.38 506.90 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 469.42 506.90 Td (are ) Tj ET Q q 0 0 0 rg BT 483.15 506.90 Td (conditional ) Tj ET Q q 0 0 0 rg BT 522.87 506.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 542.68 506.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 495.50 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 91.49 495.50 Td (of ) Tj ET Q q 0 0 0 rg BT 101.00 495.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 127.40 495.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 165.49 495.50 Td (including ) Tj ET Q q 0 0 0 rg BT 199.25 495.50 Td (minority ) Tj ET Q q 0 0 0 rg BT 229.53 495.50 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 266.76 495.50 Td (approval ) Tj ET Q q 0 0 0 rg BT 299.65 495.50 Td (at ) Tj ET Q q 0 0 0 rg BT 309.16 495.50 Td (the ) Tj ET Q q 0 0 0 rg BT 323.01 495.50 Td (Unitholder ) Tj ET Q q 0 0 0 rg BT 361.52 495.50 Td (Meeting. ) Tj ET Q q 0 0 0 rg BT 394.42 495.50 Td (Subject ) Tj ET Q q 0 0 0 rg BT 423.41 495.50 Td (to ) Tj ET Q q 0 0 0 rg BT 432.92 495.50 Td (approval ) Tj ET Q q 0 0 0 rg BT 465.82 495.50 Td (of ) Tj ET Q q 0 0 0 rg BT 475.33 495.50 Td (the ) Tj ET Q q 0 0 0 rg BT 488.57 495.50 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 533.16 495.50 Td (at ) Tj ET Q q 0 0 0 rg BT 542.67 495.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (Unitholder ) Tj ET Q q 0 0 0 rg BT 87.24 484.10 Td (Meeting, ) Tj ET Q q 0 0 0 rg BT 119.35 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.98 484.10 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 175.78 484.10 Td (are ) Tj ET Q q 0 0 0 rg BT 189.27 484.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 223.13 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.86 484.10 Td (close ) Tj ET Q q 0 0 0 rg BT 252.28 484.10 Td (at ) Tj ET Q q 0 0 0 rg BT 261.01 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.07 484.10 Td (end ) Tj ET Q q 0 0 0 rg BT 289.30 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.03 484.10 Td (March ) Tj ET Q q 0 0 0 rg BT 321.91 484.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 343.20 484.10 Td (As ) Tj ET Q q 0 0 0 rg BT 354.52 484.10 Td (part ) Tj ET Q q 0 0 0 rg BT 370.18 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.91 484.10 Td (this ) Tj ET Q q 0 0 0 rg BT 393.27 484.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 427.98 484.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 469.20 484.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.09 484.10 Td (January ) Tj ET Q q 0 0 0 rg BT 510.04 484.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 523.10 484.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 542.67 484.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 472.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 67.11 472.70 Td ( ) Tj ET Q q 0 0 0 rg BT 68.63 472.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 92.67 472.70 Td (12,778,800 ) Tj ET Q q 0 0 0 rg BT 133.18 472.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 176.28 472.70 Td (receipts ) Tj ET Q q 0 0 0 rg BT 205.08 472.70 Td (of ) Tj ET Q q 0 0 0 rg BT 213.10 472.70 Td (the ) Tj ET Q q 0 0 0 rg BT 225.45 472.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 243.06 472.70 Td ( ) Tj ET Q q 0 0 0 rg BT 244.58 472.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 259.52 472.70 Td ("Subscription ) Tj ET Q q 0 0 0 rg BT 306.68 472.70 Td (Receipts"\) ) Tj ET Q q 0 0 0 rg BT 343.86 472.70 Td (at ) Tj ET Q q 0 0 0 rg BT 351.88 472.70 Td (a ) Tj ET Q q 0 0 0 rg BT 357.74 472.70 Td (price ) Tj ET Q q 0 0 0 rg BT 376.14 472.70 Td (of ) Tj ET Q q 0 0 0 rg BT 384.16 472.70 Td ($8.10 ) Tj ET Q q 0 0 0 rg BT 405.18 472.70 Td (per ) Tj ET Q q 0 0 0 rg BT 417.96 472.70 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 462.35 472.70 Td (Receipt ) Tj ET Q q 0 0 0 rg BT 490.28 472.70 Td (for ) Tj ET Q q 0 0 0 rg BT 500.89 472.70 Td (gross ) Tj ET Q q 0 0 0 rg BT 521.46 472.70 Td (proceeds ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 461.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.83 461.30 Td ($103.5 ) Tj ET Q q 0 0 0 rg BT 85.49 461.30 Td (million ) Tj ET Q q 0 0 0 rg BT 110.40 461.30 Td (and ) Tj ET Q q 0 0 0 rg BT 126.23 461.30 Td ($28.8 ) Tj ET Q q 0 0 0 rg BT 148.55 461.30 Td (million ) Tj ET Q q 0 0 0 rg BT 173.46 461.30 Td (of ) Tj ET Q q 0 0 0 rg BT 182.79 461.30 Td (5.25% ) Tj ET Q q 0 0 0 rg BT 207.71 461.30 Td (convertible ) Tj ET Q q 0 0 0 rg BT 248.22 461.30 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 287.43 461.30 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 335.31 461.30 Td (debentures ) Tj ET Q q 0 0 0 rg BT 377.13 461.30 Td (of ) Tj ET Q q 0 0 0 rg BT 386.46 461.30 Td (the ) Tj ET Q q 0 0 0 rg BT 400.12 461.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 417.73 461.30 Td ( ) Tj ET Q q 0 0 0 rg BT 420.56 461.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 436.81 461.30 Td ("Debentures"\). ) Tj ET Q q 0 0 0 rg BT 490.21 461.30 Td ( ) Tj ET Q q 0 0 0 rg BT 493.04 461.30 Td (On ) Tj ET Q q 0 0 0 rg BT 506.27 461.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 533.35 461.30 Td (of ) Tj ET Q q 0 0 0 rg BT 542.68 461.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 449.90 Td (Acquisitions: ) Tj ET Q q 0 0 0 rg BT 94.64 449.90 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 102.97 449.90 Td (one ) Tj ET Q q 0 0 0 rg BT 117.37 449.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 131.33 449.90 Td (of ) Tj ET Q q 0 0 0 rg BT 139.24 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 151.48 449.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 169.08 449.90 Td ( ) Tj ET Q q 0 0 0 rg BT 170.49 449.90 Td (will ) Tj ET Q q 0 0 0 rg BT 182.71 449.90 Td (be ) Tj ET Q q 0 0 0 rg BT 192.78 449.90 Td (automatically ) Tj ET Q q 0 0 0 rg BT 239.65 449.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 263.58 449.90 Td (in ) Tj ET Q q 0 0 0 rg BT 271.04 449.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 306.24 449.90 Td (for ) Tj ET Q q 0 0 0 rg BT 316.73 449.90 Td (each ) Tj ET Q q 0 0 0 rg BT 335.03 449.90 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 379.31 449.90 Td (Receipt ) Tj ET Q q 0 0 0 rg BT 407.13 449.90 Td (without ) Tj ET Q q 0 0 0 rg BT 433.22 449.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 464.50 449.90 Td (of ) Tj ET Q q 0 0 0 rg BT 472.41 449.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 507.17 449.90 Td (consideration ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 438.50 Td (or ) Tj ET Q q 0 0 0 rg BT 58.81 438.50 Td (further ) Tj ET Q q 0 0 0 rg BT 83.72 438.50 Td (action ) Tj ET Q q 0 0 0 rg BT 106.89 438.50 Td (by ) Tj ET Q q 0 0 0 rg BT 117.51 438.50 Td (the ) Tj ET Q q 0 0 0 rg BT 130.73 438.50 Td (holder ) Tj ET Q q 0 0 0 rg BT 154.77 438.50 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 183.58 438.50 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 194.61 438.50 Td (an ) Tj ET Q q 0 0 0 rg BT 205.66 438.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 234.04 438.50 Td (per ) Tj ET Q q 0 0 0 rg BT 247.68 438.50 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 292.94 438.50 Td (Receipt ) Tj ET Q q 0 0 0 rg BT 321.74 438.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 343.19 438.50 Td (to ) Tj ET Q q 0 0 0 rg BT 352.07 438.50 Td (the ) Tj ET Q q 0 0 0 rg BT 365.29 438.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 393.66 438.50 Td (per ) Tj ET Q q 0 0 0 rg BT 407.31 438.50 Td (Unit ) Tj ET Q q 0 0 0 rg BT 423.55 438.50 Td (of ) Tj ET Q q 0 0 0 rg BT 432.43 438.50 Td (any ) Tj ET Q q 0 0 0 rg BT 447.38 438.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 466.23 438.50 Td (distributions ) Tj ET Q q 0 0 0 rg BT 510.19 438.50 Td (made ) Tj ET Q q 0 0 0 rg BT 532.06 438.50 Td (by ) Tj ET Q q 0 0 0 rg BT 542.68 438.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 427.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 67.11 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.99 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 79.96 427.10 Td (which ) Tj ET Q q 0 0 0 rg BT 101.75 427.10 Td (record ) Tj ET Q q 0 0 0 rg BT 125.71 427.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 146.65 427.10 Td (have ) Tj ET Q q 0 0 0 rg BT 165.42 427.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 197.61 427.10 Td (during ) Tj ET Q q 0 0 0 rg BT 221.15 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.86 427.10 Td (period ) Tj ET Q q 0 0 0 rg BT 257.39 427.10 Td (that ) Tj ET Q q 0 0 0 rg BT 272.27 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.98 427.10 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 329.73 427.10 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 361.91 427.10 Td (are ) Tj ET Q q 0 0 0 rg BT 375.05 427.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 419.38 427.10 Td (net ) Tj ET Q q 0 0 0 rg BT 432.10 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.47 427.10 Td (any ) Tj ET Q q 0 0 0 rg BT 454.91 427.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 491.88 427.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 532.73 427.10 Td (taxes, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 415.70 Td (will ) Tj ET Q q 0 0 0 rg BT 62.66 415.70 Td (become ) Tj ET Q q 0 0 0 rg BT 92.73 415.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 122.37 415.70 Td (in ) Tj ET Q q 0 0 0 rg BT 130.78 415.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 158.69 415.70 Td (of ) Tj ET Q q 0 0 0 rg BT 167.54 415.70 Td (each ) Tj ET Q q 0 0 0 rg BT 186.78 415.70 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 232.00 415.70 Td (Receipt, ) Tj ET Q q 0 0 0 rg BT 262.93 415.70 Td (and ) Tj ET Q q 0 0 0 rg BT 278.28 415.70 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 291.01 415.70 Td (the ) Tj ET Q q 0 0 0 rg BT 304.19 415.70 Td (net ) Tj ET Q q 0 0 0 rg BT 317.37 415.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 351.77 415.70 Td (from ) Tj ET Q q 0 0 0 rg BT 369.71 415.70 Td (the ) Tj ET Q q 0 0 0 rg BT 382.89 415.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 399.53 415.70 Td (of ) Tj ET Q q 0 0 0 rg BT 408.38 415.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.56 415.70 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 466.78 415.70 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 499.44 415.70 Td (will ) Tj ET Q q 0 0 0 rg BT 512.61 415.70 Td (be ) Tj ET Q q 0 0 0 rg BT 523.62 415.70 Td (released ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 404.30 Td (from ) Tj ET Q q 0 0 0 rg BT 67.30 404.30 Td (escrow ) Tj ET Q q 0 0 0 rg BT 94.19 404.30 Td (to ) Tj ET Q q 0 0 0 rg BT 102.91 404.30 Td (the ) Tj ET Q q 0 0 0 rg BT 115.96 404.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 132.84 404.30 Td (. ) Tj ET Q q 0 0 0 rg BT 137.09 404.30 Td (The ) Tj ET Q q 0 0 0 rg BT 152.73 404.30 Td (net ) Tj ET Q q 0 0 0 rg BT 165.79 404.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 200.05 404.30 Td (from ) Tj ET Q q 0 0 0 rg BT 217.85 404.30 Td (the ) Tj ET Q q 0 0 0 rg BT 230.91 404.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 247.42 404.30 Td (of ) Tj ET Q q 0 0 0 rg BT 256.14 404.30 Td (the ) Tj ET Q q 0 0 0 rg BT 269.19 404.30 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 314.28 404.30 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 346.81 404.30 Td (are ) Tj ET Q q 0 0 0 rg BT 360.28 404.30 Td (being ) Tj ET Q q 0 0 0 rg BT 381.56 404.30 Td (held ) Tj ET Q q 0 0 0 rg BT 398.51 404.30 Td (by ) Tj ET Q q 0 0 0 rg BT 408.96 404.30 Td (an ) Tj ET Q q 0 0 0 rg BT 419.84 404.30 Td (escrow ) Tj ET Q q 0 0 0 rg BT 446.74 404.30 Td (agent ) Tj ET Q q 0 0 0 rg BT 468.45 404.30 Td (pending ) Tj ET Q q 0 0 0 rg BT 498.40 404.30 Td (the ) Tj ET Q q 0 0 0 rg BT 511.45 404.30 Td (fulfillment ) Tj ET Q q 0 0 0 rg BT 546.57 404.30 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 392.90 Td (waiver ) Tj ET Q q 0 0 0 rg BT 74.19 392.90 Td (of ) Tj ET Q q 0 0 0 rg BT 82.86 392.90 Td (all ) Tj ET Q q 0 0 0 rg BT 92.83 392.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 135.30 392.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 172.56 392.90 Td (precedent ) Tj ET Q q 0 0 0 rg BT 209.39 392.90 Td (to ) Tj ET Q q 0 0 0 rg BT 218.07 392.90 Td (closing ) Tj ET Q q 0 0 0 rg BT 244.50 392.90 Td (of ) Tj ET Q q 0 0 0 rg BT 253.18 392.90 Td (the ) Tj ET Q q 0 0 0 rg BT 265.76 392.90 Td (Acquisitions. ) Tj ET Q q 0 0 0 rg BT 311.67 392.90 Td (If ) Tj ET Q q 0 0 0 rg BT 318.18 392.90 Td (the ) Tj ET Q q 0 0 0 rg BT 330.77 392.90 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 374.52 392.90 Td (fail ) Tj ET Q q 0 0 0 rg BT 386.65 392.90 Td (to ) Tj ET Q q 0 0 0 rg BT 395.33 392.90 Td (close ) Tj ET Q q 0 0 0 rg BT 415.70 392.90 Td (as ) Tj ET Q q 0 0 0 rg BT 426.11 392.90 Td (described ) Tj ET Q q 0 0 0 rg BT 462.06 392.90 Td (above ) Tj ET Q q 0 0 0 rg BT 485.47 392.90 Td (by ) Tj ET Q q 0 0 0 rg BT 495.88 392.90 Td (July ) Tj ET Q q 0 0 0 rg BT 511.91 392.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 524.92 392.90 Td (2018, ) Tj ET Q q 0 0 0 rg BT 546.59 392.90 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 381.50 Td (the ) Tj ET Q q 0 0 0 rg BT 62.37 381.50 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 106.48 381.50 Td (are ) Tj ET Q q 0 0 0 rg BT 120.28 381.50 Td (terminated ) Tj ET Q q 0 0 0 rg BT 159.63 381.50 Td (at ) Tj ET Q q 0 0 0 rg BT 168.67 381.50 Td (an ) Tj ET Q q 0 0 0 rg BT 179.88 381.50 Td (earlier ) Tj ET Q q 0 0 0 rg BT 204.06 381.50 Td (time, ) Tj ET Q q 0 0 0 rg BT 223.49 381.50 Td (the ) Tj ET Q q 0 0 0 rg BT 236.86 381.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 258.45 381.50 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 293.04 381.50 Td (of ) Tj ET Q q 0 0 0 rg BT 302.08 381.50 Td (the ) Tj ET Q q 0 0 0 rg BT 315.45 381.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 332.28 381.50 Td (of ) Tj ET Q q 0 0 0 rg BT 341.32 381.50 Td (the ) Tj ET Q q 0 0 0 rg BT 354.69 381.50 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 400.10 381.50 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 432.95 381.50 Td (and ) Tj ET Q q 0 0 0 rg BT 448.49 381.50 Td (pro ) Tj ET Q q 0 0 0 rg BT 462.29 381.50 Td (rata ) Tj ET Q q 0 0 0 rg BT 478.25 381.50 Td (entitlement ) Tj ET Q q 0 0 0 rg BT 518.91 381.50 Td (to ) Tj ET Q q 0 0 0 rg BT 527.95 381.50 Td (interest ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 76.33 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 85.83 370.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 116.56 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.63 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 136.87 370.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 163.70 370.10 Td (on ) Tj ET Q q 0 0 0 rg BT 174.94 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.34 370.10 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 233.79 370.10 Td (Receipts, ) Tj ET Q q 0 0 0 rg BT 268.84 370.10 Td (net ) Tj ET Q q 0 0 0 rg BT 282.24 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.31 370.10 Td (any ) Tj ET Q q 0 0 0 rg BT 306.45 370.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 344.11 370.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 385.65 370.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 409.02 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 422.41 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 433.65 370.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 450.95 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.02 370.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 488.14 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.22 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.62 370.10 Td (Subscription ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 358.70 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 81.98 358.70 Td (and ) Tj ET Q q 0 0 0 rg BT 97.14 358.70 Td (the ) Tj ET Q q 0 0 0 rg BT 110.14 358.70 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 155.18 358.70 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 187.65 358.70 Td (will ) Tj ET Q q 0 0 0 rg BT 200.63 358.70 Td (be ) Tj ET Q q 0 0 0 rg BT 211.46 358.70 Td (canceled. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 341.30 Td (Debt held by the REIT) Tj ET Q q 0 0 0 rg BT 126.02 341.30 Td ( at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 136.85 341.30 Td (December31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 205.28 341.30 Td ( is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 330.79999999999995 m 156 330.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 287.79999999999995 m 156 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156 330.79999999999995 m 207 330.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 156 287.79999999999995 m 207 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 330.79999999999995 m 262 330.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 207 287.79999999999995 m 262 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 330.79999999999995 m 309 330.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 287.79999999999995 m 309 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 330.79999999999995 m 359 330.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 309 287.79999999999995 m 359 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 330.79999999999995 m 409 330.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 359 287.79999999999995 m 409 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 330.79999999999995 m 456 330.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 287.79999999999995 m 456 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 330.79999999999995 m 506 330.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456 287.79999999999995 m 506 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 330.79999999999995 m 554 330.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 287.79999999999995 m 554 287.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 287.79999999999995 m 309 287.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 309 287.79999999999995 m 359 287.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 203.79999999999995 m 156 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 189.79999999999995 m 156 189.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 156 203.79999999999995 m 207 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 156 189.79999999999995 m 207 189.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 207 203.79999999999995 m 262 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 189.79999999999995 m 262 189.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 262 203.79999999999995 m 309 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 189.79999999999995 m 309 189.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 309 203.79999999999995 m 359 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 189.79999999999995 m 359 189.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 359 203.79999999999995 m 409 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 189.79999999999995 m 409 189.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 203.79999999999995 m 456 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 189.79999999999995 m 456 189.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456 203.79999999999995 m 506 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 189.79999999999995 m 506 189.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 203.79999999999995 m 554 203.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 189.79999999999995 m 554 189.79999999999995 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 165.85 292.33 Td (Maturity) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 196.15 294.76 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 215.10 292.33 Td (Coupon ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 246.68 294.76 Td (\(4\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 265.70 311.33 Td (Properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.55 301.83 Td (provided) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 264.60 292.33 Td (as security) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.30 301.83 Td (Fair value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 313.80 292.33 Td (of security) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 369.55 301.83 Td (Maximum) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 372.55 292.33 Td (available) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 419.55 292.33 Td (Principal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 301.83 Td (Letters of) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 481.25 292.33 Td (credit) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.55 311.33 Td (A) Tj ET Q q 0 0 0 rg BT 521.89 311.33 Td (vailable ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.85 301.83 Td (to be ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.20 292.33 Td (drawn ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 544.31 294.76 Td (\(5\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 278.33 Td (Mortgages ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 91.48 280.76 Td (\(1\)\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 170.10 278.03 Td (V) Tj ET Q q 0 0 0 rg BT 173.99 278.03 Td (arious ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 223.10 278.03 Td (V) Tj ET Q q 0 0 0 rg BT 226.99 278.03 Td (arious) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.65 278.33 Td (20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.50 278.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 327.70 278.33 Td (746,017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 361.50 278.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.70 278.33 Td (499,693) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.50 278.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 424.70 278.33 Td (499,693) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.50 278.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.10 278.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 508.50 278.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 278.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 264.33 Td (Revolving operating facility) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 145.17 266.76 Td (\(3\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 161.10 264.03 Td (Jun. 30, 2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 216.00 264.03 Td (BA+200 bps) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.80 264.33 Td (7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 327.70 264.33 Td (269,01) Tj ET Q q 0 0 0 rg BT 351.53 264.33 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.70 264.33 Td (171,900) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 424.70 264.33 Td (171,900) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.10 264.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 264.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 250.33 Td (Revolving credit facility ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 133.91 252.76 Td (\(3\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 160.80 250.03 Td (Nov) Tj ET Q q 0 0 0 rg BT 171.98 250.03 Td (. 30, 2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 216.00 250.03 Td (BA+200 bps) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.80 250.33 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.05 250.33 Td (59,875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.05 250.33 Td (37,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 433.40 250.33 Td (3,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 489.90 250.33 Td (197) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 250.33 Td (33,803) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 236.33 Td (Construction facility) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 162.90 236.03 Td (May 4, 2021) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 210.75 236.03 Td (CDOR+300 bps) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.80 236.33 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.05 236.33 Td (40,065) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.05 236.33 Td (19,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 445.10 236.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.10 236.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 236.33 Td (19,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 222.33 Td (T) Tj ET Q q 0 0 0 rg BT 56.40 222.33 Td (erm loan) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 161.10 222.03 Td (Jun. 30, 2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 216.00 222.03 Td (BA+213 bps) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.80 222.33 Td (5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 327.70 222.33 Td (162,854) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.70 222.33 Td (120,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 424.70 222.33 Td (120,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.10 222.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 222.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 208.33 Td (Other facility ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 97.97 210.76 Td (\(6\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 163.10 208.03 Td (Oct. 1, 2025) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.65 208.03 Td (4.27%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.80 208.33 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.05 208.33 Td (60,965) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 208.33 Td (2,549) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 433.40 208.33 Td (2,549) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.10 208.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 208.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 280.65 194.33 Td (38) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.50 194.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.20 194.33 Td (1,338,787) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 361.50 194.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 377.70 194.33 Td (850,142) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 194.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 424.70 194.33 Td (797,142) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.50 194.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 489.90 194.33 Td (197) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.50 194.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 527.05 194.33 Td (52,803) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 181.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.62 181.30 Td (The ) Tj ET Q q 0 0 0 rg BT 70.93 181.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 97.26 181.30 Td (average ) Tj ET Q q 0 0 0 rg BT 121.19 181.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 149.91 181.30 Td (term ) Tj ET Q q 0 0 0 rg BT 163.92 181.30 Td (to ) Tj ET Q q 0 0 0 rg BT 170.76 181.30 Td (maturity ) Tj ET Q q 0 0 0 rg BT 194.35 181.30 Td (of ) Tj ET Q q 0 0 0 rg BT 201.19 181.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 231.96 181.30 Td (is ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 238.11 181.30 Td (4.3) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 246.66 181.30 Td ( ) Tj ET Q q 0 0 0 rg BT 248.37 181.30 Td (years ) Tj ET Q q 0 0 0 rg BT 265.12 181.30 Td (with ) Tj ET Q q 0 0 0 rg BT 277.77 181.30 Td (maturities ) Tj ET Q q 0 0 0 rg BT 306.14 181.30 Td (ranging ) Tj ET Q q 0 0 0 rg BT 328.37 181.30 Td (from ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 342.38 181.30 Td (0.2) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 350.93 181.30 Td ( ) Tj ET Q q 0 0 0 rg BT 352.64 181.30 Td (to ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 359.48 181.30 Td (12.8) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 371.45 181.30 Td ( ) Tj ET Q q 0 0 0 rg BT 373.16 181.30 Td (years. ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 172.30 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 58.62 172.30 Td (The ) Tj ET Q q 0 0 0 rg BT 70.93 172.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 97.26 172.30 Td (average ) Tj ET Q q 0 0 0 rg BT 121.19 172.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 143.07 172.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 155.38 172.30 Td (of ) Tj ET Q q 0 0 0 rg BT 162.22 172.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 192.99 172.30 Td (is ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 199.15 172.30 Td (3.63%) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 216.59 172.30 Td ( ) Tj ET Q q 0 0 0 rg BT 218.30 172.30 Td (with ) Tj ET Q q 0 0 0 rg BT 230.94 172.30 Td (coupons ) Tj ET Q q 0 0 0 rg BT 255.91 172.30 Td (ranging ) Tj ET Q q 0 0 0 rg BT 278.13 172.30 Td (from ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 292.15 172.30 Td (2.65%) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 309.59 172.30 Td ( ) Tj ET Q q 0 0 0 rg BT 311.30 172.30 Td (to ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 318.14 172.30 Td (4.95%) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 335.58 172.30 Td (.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 163.30 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 58.73 163.30 Td (Stand-by ) Tj ET Q q 0 0 0 rg BT 85.05 163.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 98.39 163.30 Td (incurred ) Tj ET Q q 0 0 0 rg BT 122.32 163.30 Td (on ) Tj ET Q q 0 0 0 rg BT 130.87 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 141.13 163.30 Td (unutilized ) Tj ET Q q 0 0 0 rg BT 168.83 163.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 194.13 163.30 Td (on ) Tj ET Q q 0 0 0 rg BT 202.68 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 212.95 163.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 239.27 163.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 266.63 163.30 Td (facility ) Tj ET Q q 0 0 0 rg BT 285.43 163.30 Td (and ) Tj ET Q q 0 0 0 rg BT 297.40 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 307.66 163.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 333.99 163.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 350.74 163.30 Td (facility ) Tj ET Q q 0 0 0 rg BT 369.54 163.30 Td (is ) Tj ET Q q 0 0 0 rg BT 375.69 163.30 Td (0.40%, ) Tj ET Q q 0 0 0 rg BT 396.56 163.30 Td (charged ) Tj ET Q q 0 0 0 rg BT 420.49 163.30 Td (and ) Tj ET Q q 0 0 0 rg BT 432.46 163.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 445.80 163.30 Td (quarterly) Tj ET Q q 0 0 0 rg BT 469.28 163.30 Td (.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 154.30 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 58.73 154.30 Td ("BA" ) Tj ET Q q 0 0 0 rg BT 73.00 154.30 Td (means ) Tj ET Q q 0 0 0 rg BT 93.18 154.30 Td (the ) Tj ET Q q 0 0 0 rg BT 103.44 154.30 Td (one-month ) Tj ET Q q 0 0 0 rg BT 134.55 154.30 Td (Bankers' ) Tj ET Q q 0 0 0 rg BT 159.67 154.30 Td (Acceptances ) Tj ET Q q 0 0 0 rg BT 196.60 154.30 Td (rate; ) Tj ET Q q 0 0 0 rg BT 210.62 154.30 Td ("CDOR" ) Tj ET Q q 0 0 0 rg BT 234.79 154.30 Td (means ) Tj ET Q q 0 0 0 rg BT 254.96 154.30 Td (the ) Tj ET Q q 0 0 0 rg BT 265.23 154.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 293.26 154.30 Td (Dealer ) Tj ET Q q 0 0 0 rg BT 313.09 154.30 Td (Of) Tj ET Q q 0 0 0 rg BT 319.48 154.30 Td (fered ) Tj ET Q q 0 0 0 rg BT 335.21 154.30 Td (Rate; ) Tj ET Q q 0 0 0 rg BT 351.62 154.30 Td ("bps" ) Tj ET Q q 0 0 0 rg BT 367.61 154.30 Td (means ) Tj ET Q q 0 0 0 rg BT 387.78 154.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 403.85 154.30 Td (point ) Tj ET Q q 0 0 0 rg BT 418.90 154.30 Td (or ) Tj ET Q q 0 0 0 rg BT 426.08 154.30 Td (1/100th ) Tj ET Q q 0 0 0 rg BT 448.31 154.30 Td (of ) Tj ET Q q 0 0 0 rg BT 455.15 154.30 Td (one ) Tj ET Q q 0 0 0 rg BT 467.13 154.30 Td (percent. ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 145.30 Td (\(5\)) Tj ET Q BT /F3 7.50 Tf ET BT /F3 4.87 Tf ET q 0 0 0 rg BT 57.02 147.22 Td ( ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 58.13 145.30 Td (Debt ) Tj ET Q q 0 0 0 rg BT 72.83 145.30 Td (is ) Tj ET Q q 0 0 0 rg BT 78.98 145.30 Td (only ) Tj ET Q q 0 0 0 rg BT 91.97 145.30 Td (available ) Tj ET Q q 0 0 0 rg BT 117.96 145.30 Td (to ) Tj ET Q q 0 0 0 rg BT 124.80 145.30 Td (be ) Tj ET Q q 0 0 0 rg BT 133.35 145.30 Td (drawn ) Tj ET Q q 0 0 0 rg BT 151.81 145.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 173.01 145.30 Td (to ) Tj ET Q q 0 0 0 rg BT 179.85 145.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 200.02 145.30 Td (covenants ) Tj ET Q q 0 0 0 rg BT 229.78 145.30 Td (and ) Tj ET Q q 0 0 0 rg BT 241.75 145.30 Td (other ) Tj ET Q q 0 0 0 rg BT 257.48 145.30 Td (requirements.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 136.30 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 58.47 136.30 Td (Secured ) Tj ET Q q 0 0 0 rg BT 82.83 136.30 Td (by ) Tj ET Q q 0 0 0 rg BT 90.78 136.30 Td (the ) Tj ET Q q 0 0 0 rg BT 100.79 136.30 Td (Data ) Tj ET Q q 0 0 0 rg BT 115.23 136.30 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 136.86 136.30 Td (which ) Tj ET Q q 0 0 0 rg BT 154.03 136.30 Td (is ) Tj ET Q q 0 0 0 rg BT 159.93 136.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 189.77 136.30 Td (for ) Tj ET Q q 0 0 0 rg BT 198.41 136.30 Td (as ) Tj ET Q q 0 0 0 rg BT 206.36 136.30 Td (a ) Tj ET Q q 0 0 0 rg BT 211.23 136.30 Td (finance ) Tj ET Q q 0 0 0 rg BT 232.52 136.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 248.68 136.30 Td (receivable ) Tj ET Q q 0 0 0 rg BT 278.17 136.30 Td (and ) Tj ET Q q 0 0 0 rg BT 289.89 136.30 Td (not ) Tj ET Q q 0 0 0 rg BT 299.89 136.30 Td (included ) Tj ET Q q 0 0 0 rg BT 324.26 136.30 Td (in ) Tj ET Q q 0 0 0 rg BT 330.50 136.30 Td (the ) Tj ET Q q 0 0 0 rg BT 340.51 136.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 360.23 136.30 Td (properties. ) Tj ET Q q 0 0 0 rg BT 390.65 136.30 Td (The ) Tj ET Q q 0 0 0 rg BT 402.70 136.30 Td (value ) Tj ET Q q 0 0 0 rg BT 418.86 136.30 Td (above ) Tj ET Q q 0 0 0 rg BT 437.07 136.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 467.59 136.30 Td (the ) Tj ET Q q 0 0 0 rg BT 477.60 136.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 500.92 136.30 Td (value ) Tj ET Q q 0 0 0 rg BT 517.08 136.30 Td (of ) Tj ET Q q 0 0 0 rg BT 523.67 136.30 Td (the ) Tj ET Q q 0 0 0 rg BT 533.68 136.30 Td (finance ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 127.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 65.91 127.30 Td (receivable.) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 29) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The carrying value of debt held by the REIT) Tj ET Q q 0 0 0 rg BT 199.65 742.10 Td ( at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 210.48 742.10 Td (December31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 278.91 742.10 Td ( is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 731.6 m 197 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 679.6 m 197 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197 731.6 m 256 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197 679.6 m 256 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 731.6 m 315 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256 679.6 m 315 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 731.6 m 376 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315 679.6 m 376 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 731.6 m 435 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 679.6 m 435 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 731.6 m 495 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 435 679.6 m 495 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 731.6 m 554 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495 679.6 m 554 679.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 609.6 m 197 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 595.6 m 197 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 197 609.6 m 256 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197 595.6 m 256 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 256 609.6 m 315 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 595.6 m 315 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315 609.6 m 376 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 595.6 m 376 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 609.6 m 435 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 595.6 m 435 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 435 609.6 m 495 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 595.6 m 495 595.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495 609.6 m 554 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 595.6 m 554 595.6 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 217.40 684.13 Td ( Principal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 278.60 722.13 Td ( Mark-to-) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.95 712.63 Td (market) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.15 703.13 Td (\("MTM"\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 265.60 693.63 Td (adjustments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 275.10 684.13 Td (and costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 324.85 712.63 Td (Amortization) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 345.20 703.13 Td (of MTM) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.60 693.63 Td (adjustments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 336.10 684.13 Td (and costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.30 693.63 Td ( Carrying) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 403.35 684.13 Td (amount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.35 684.13 Td (Current) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 503.75 684.13 Td ( Non-current) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 670.13 Td (Mortgages) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 199.50 670.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.70 670.13 Td (499,693) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 258.50 670.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 296.30 670.18 Td (\(692) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.90 670.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.50 670.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.90 670.13 Td (254) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.50 670.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 403.70 670.13 Td (499,255) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.50 670.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.05 670.13 Td (1) Tj ET Q q 0 0 0 rg BT 472.38 670.13 Td (1,166) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 497.50 670.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 670.13 Td (488,089) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 656.13 Td (Revolving operating facility) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.70 656.13 Td (171,900) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 289.80 656.18 Td (\(2,002) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.90 656.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 353.40 656.13 Td (1,635) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 403.70 656.13 Td (171,533) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 656.13 Td (171,533) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 656.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 642.13 Td (Revolving credit facility) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 233.35 642.13 Td (3,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 296.30 642.18 Td (\(227) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.90 642.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 364.20 642.13 Td (10) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.40 642.13 Td (2,783) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.10 642.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 642.13 Td (2,783) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 628.13 Td (T) Tj ET Q q 0 0 0 rg BT 56.83 628.13 Td (erm loan) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.70 628.13 Td (120,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 296.30 628.18 Td (\(665) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.90 628.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.90 628.13 Td (164) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 403.70 628.13 Td (1) Tj ET Q q 0 0 0 rg BT 408.03 628.13 Td (19,499) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.10 628.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 628.13 Td (1) Tj ET Q q 0 0 0 rg BT 527.03 628.13 Td (19,499) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 614.13 Td (Other facility) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 233.35 614.13 Td (2,549) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 300.60 614.13 Td (\(36) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.90 614.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 368.55 614.13 Td (8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.40 614.13 Td (2,521) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 478.90 614.13 Td (154) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 614.13 Td (2,367) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 199.50 600.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 224.70 600.13 Td (797,142) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.50 600.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.80 600.18 Td (\(3,622) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.90 600.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.50 600.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 353.40 600.13 Td (2,071) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 378.50 600.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 403.70 600.13 Td (795,591) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.50 600.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.70 600.13 Td (182,853) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 497.50 600.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 522.70 600.13 Td (612,738) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 576.80 Td (INDEBTEDNESS RA) Tj ET Q q 0 0 0 rg BT 123.35 576.80 Td (TIO) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 559.40 Td (The ) Tj ET Q q 0 0 0 rg BT 65.03 559.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 113.48 559.40 Td (ratio ) Tj ET Q q 0 0 0 rg BT 130.74 559.40 Td (is ) Tj ET Q q 0 0 0 rg BT 138.46 559.40 Td (a ) Tj ET Q q 0 0 0 rg BT 144.90 559.40 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 180.34 559.40 Td (measure ) Tj ET Q q 0 0 0 rg BT 212.75 559.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 249.93 559.40 Td (by ) Tj ET Q q 0 0 0 rg BT 260.26 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 273.20 559.40 Td (REIT) Tj ET Q q 0 0 0 rg BT 290.08 559.40 Td (. ) Tj ET Q q 0 0 0 rg BT 294.35 559.40 Td (In ) Tj ET Q q 0 0 0 rg BT 302.95 559.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 345.33 559.40 Td (with ) Tj ET Q q 0 0 0 rg BT 361.28 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 374.21 559.40 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 399.45 559.40 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 440.95 559.40 Td (of ) Tj ET Q q 0 0 0 rg BT 449.42 559.40 Td (T) Tj ET Q q 0 0 0 rg BT 453.90 559.40 Td (rust ) Tj ET Q q 0 0 0 rg BT 468.99 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 481.92 559.40 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 507.16 559.40 Td (indebtedness ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 548.00 Td (may ) Tj ET Q q 0 0 0 rg BT 66.23 548.00 Td (not ) Tj ET Q q 0 0 0 rg BT 79.07 548.00 Td (exceed ) Tj ET Q q 0 0 0 rg BT 106.20 548.00 Td (65% ) Tj ET Q q 0 0 0 rg BT 123.80 548.00 Td (of ) Tj ET Q q 0 0 0 rg BT 132.31 548.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 153.37 548.00 Td (book ) Tj ET Q q 0 0 0 rg BT 172.27 548.00 Td (value, ) Tj ET Q q 0 0 0 rg BT 195.07 548.00 Td (which ) Tj ET Q q 0 0 0 rg BT 216.99 548.00 Td (is ) Tj ET Q q 0 0 0 rg BT 224.63 548.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 252.20 548.00 Td (by ) Tj ET Q q 0 0 0 rg BT 262.43 548.00 Td (the ) Tj ET Q q 0 0 0 rg BT 275.27 548.00 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 316.69 548.00 Td (of ) Tj ET Q q 0 0 0 rg BT 325.07 548.00 Td (T) Tj ET Q q 0 0 0 rg BT 329.54 548.00 Td (rust ) Tj ET Q q 0 0 0 rg BT 344.54 548.00 Td (as ) Tj ET Q q 0 0 0 rg BT 354.78 548.00 Td (total ) Tj ET Q q 0 0 0 rg BT 371.52 548.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 396.05 548.00 Td (less ) Tj ET Q q 0 0 0 rg BT 411.91 548.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 445.96 548.00 Td (cash. ) Tj ET Q q 0 0 0 rg BT 466.47 548.00 Td (The ) Tj ET Q q 0 0 0 rg BT 481.90 548.00 Td (REIT) Tj ET Q q 0 0 0 rg BT 501.24 548.00 Td (s ) Tj ET Q q 0 0 0 rg BT 507.15 548.00 Td (indebtedness ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 536.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 66.92 536.60 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.68 536.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 126.88 536.60 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 144.21 536.60 Td ( ) Tj ET Q q 0 0 0 rg BT 146.47 536.60 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 162.59 536.60 Td (58.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 184.68 536.60 Td ( ) Tj ET Q q 0 0 0 rg BT 186.94 536.60 Td (which ) Tj ET Q q 0 0 0 rg BT 209.12 536.60 Td (is ) Tj ET Q q 0 0 0 rg BT 217.01 536.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 237.89 536.60 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 248.38 536.60 Td (80) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 257.05 536.60 Td ( ) Tj ET Q q 0 0 0 rg BT 259.31 536.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 279.77 536.60 Td (points ) Tj ET Q q 0 0 0 rg BT 302.82 536.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 339.73 536.60 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.49 536.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 399.69 536.60 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.02 536.60 Td (. ) Tj ET Q q 0 0 0 rg BT 421.45 536.60 Td (Property ) Tj ET Q q 0 0 0 rg BT 453.15 536.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 496.13 536.60 Td (were ) Tj ET Q q 0 0 0 rg BT 515.27 536.60 Td (financed ) Tj ET Q q 0 0 0 rg BT 546.99 536.60 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 525.20 Td (a ) Tj ET Q q 0 0 0 rg BT 55.66 525.20 Td (leverage ) Tj ET Q q 0 0 0 rg BT 87.38 525.20 Td (ratio ) Tj ET Q q 0 0 0 rg BT 104.36 525.20 Td (less ) Tj ET Q q 0 0 0 rg BT 120.05 525.20 Td (than ) Tj ET Q q 0 0 0 rg BT 137.05 525.20 Td (the ) Tj ET Q q 0 0 0 rg BT 149.71 525.20 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 174.67 525.20 Td (pre-existing ) Tj ET Q q 0 0 0 rg BT 216.77 525.20 Td (properties, ) Tj ET Q q 0 0 0 rg BT 255.41 525.20 Td (coupled ) Tj ET Q q 0 0 0 rg BT 284.53 525.20 Td (with ) Tj ET Q q 0 0 0 rg BT 300.22 525.20 Td (the ) Tj ET Q q 0 0 0 rg BT 312.88 525.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 337.66 525.20 Td (of ) Tj ET Q q 0 0 0 rg BT 345.99 525.20 Td (the ) Tj ET Q q 0 0 0 rg BT 358.65 525.20 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 383.62 525.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 406.24 525.20 Td (of) Tj ET Q q 0 0 0 rg BT 412.60 525.20 Td (fering ) Tj ET Q q 0 0 0 rg BT 433.92 525.20 Td (in ) Tj ET Q q 0 0 0 rg BT 441.81 525.20 Td (March ) Tj ET Q q 0 0 0 rg BT 465.29 525.20 Td (2017, ) Tj ET Q q 0 0 0 rg BT 486.62 525.20 Td (which ) Tj ET Q q 0 0 0 rg BT 508.36 525.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 538.35 525.20 Td (debt ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 513.80 Td (and ) Tj ET Q q 0 0 0 rg BT 65.00 513.80 Td (was ) Tj ET Q q 0 0 0 rg BT 81.36 513.80 Td (in ) Tj ET Q q 0 0 0 rg BT 89.93 513.80 Td (part ) Tj ET Q q 0 0 0 rg BT 105.86 513.80 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 154.28 513.80 Td (redrawn ) Tj ET Q q 0 0 0 rg BT 184.92 513.80 Td (to ) Tj ET Q q 0 0 0 rg BT 193.93 513.80 Td (make ) Tj ET Q q 0 0 0 rg BT 215.49 513.80 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 258.70 513.80 Td (and ) Tj ET Q q 0 0 0 rg BT 274.21 513.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 291.88 513.80 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 345.92 513.80 Td (projects. ) Tj ET Q q 0 0 0 rg BT 377.87 513.80 Td (Subject ) Tj ET Q q 0 0 0 rg BT 406.36 513.80 Td (to ) Tj ET Q q 0 0 0 rg BT 415.37 513.80 Td (market ) Tj ET Q q 0 0 0 rg BT 441.69 513.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 479.27 513.80 Td (and ) Tj ET Q q 0 0 0 rg BT 494.78 513.80 Td (the ) Tj ET Q q 0 0 0 rg BT 508.11 513.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 534.00 513.80 Td (ofthe ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 502.40 Td (REIT) Tj ET Q q 0 0 0 rg BT 66.38 502.40 Td (, ) Tj ET Q q 0 0 0 rg BT 70.94 502.40 Td (Management's ) Tj ET Q q 0 0 0 rg BT 124.20 502.40 Td (medium ) Tj ET Q q 0 0 0 rg BT 154.31 502.40 Td (term ) Tj ET Q q 0 0 0 rg BT 172.28 502.40 Td (target ) Tj ET Q q 0 0 0 rg BT 194.60 502.40 Td (is ) Tj ET Q q 0 0 0 rg BT 202.63 502.40 Td (to ) Tj ET Q q 0 0 0 rg BT 211.52 502.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 243.37 502.40 Td (total ) Tj ET Q q 0 0 0 rg BT 260.49 502.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 309.24 502.40 Td (at ) Tj ET Q q 0 0 0 rg BT 318.13 502.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 369.03 502.40 Td (55%. ) Tj ET Q q 0 0 0 rg BT 389.03 502.40 Td (The ) Tj ET Q q 0 0 0 rg BT 404.85 502.40 Td (success ) Tj ET Q q 0 0 0 rg BT 435.39 502.40 Td (of ) Tj ET Q q 0 0 0 rg BT 444.29 502.40 Td (this ) Tj ET Q q 0 0 0 rg BT 458.81 502.40 Td (strategy ) Tj ET Q q 0 0 0 rg BT 488.92 502.40 Td (is ) Tj ET Q q 0 0 0 rg BT 496.95 502.40 Td (dependent ) Tj ET Q q 0 0 0 rg BT 536.17 502.40 Td (upon ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 491.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 67.48 491.00 Td (market ) Tj ET Q q 0 0 0 rg BT 94.12 491.00 Td (parameters ) Tj ET Q q 0 0 0 rg BT 136.34 491.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 165.58 491.00 Td (at ) Tj ET Q q 0 0 0 rg BT 174.90 491.00 Td (thetime ) Tj ET Q q 0 0 0 rg BT 205.43 491.00 Td (of ) Tj ET Q q 0 0 0 rg BT 214.75 491.00 Td (borrowing, ) Tj ET Q q 0 0 0 rg BT 253.94 491.00 Td (as ) Tj ET Q q 0 0 0 rg BT 264.99 491.00 Td (well ) Tj ET Q q 0 0 0 rg BT 281.23 491.00 Td (as ) Tj ET Q q 0 0 0 rg BT 292.28 491.00 Td (the ) Tj ET Q q 0 0 0 rg BT 305.93 491.00 Td (particular ) Tj ET Q q 0 0 0 rg BT 340.79 491.00 Td (features ) Tj ET Q q 0 0 0 rg BT 371.76 491.00 Td (and ) Tj ET Q q 0 0 0 rg BT 387.58 491.00 Td (quality ) Tj ET Q q 0 0 0 rg BT 412.92 491.00 Td (of ) Tj ET Q q 0 0 0 rg BT 422.24 491.00 Td (the ) Tj ET Q q 0 0 0 rg BT 435.89 491.00 Td (underlying ) Tj ET Q q 0 0 0 rg BT 474.66 491.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 500.00 491.00 Td (being ) Tj ET Q q 0 0 0 rg BT 521.88 491.00 Td (financed. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 479.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 97.40 479.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 128.40 479.60 Td (that ) Tj ET Q q 0 0 0 rg BT 143.82 479.60 Td (this ) Tj ET Q q 0 0 0 rg BT 158.37 479.60 Td (objective ) Tj ET Q q 0 0 0 rg BT 191.54 479.60 Td (will ) Tj ET Q q 0 0 0 rg BT 204.77 479.60 Td (require ) Tj ET Q q 0 0 0 rg BT 231.44 479.60 Td (at ) Tj ET Q q 0 0 0 rg BT 240.36 479.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 261.41 479.60 Td (two ) Tj ET Q q 0 0 0 rg BT 275.95 479.60 Td (years ) Tj ET Q q 0 0 0 rg BT 297.42 479.60 Td (to ) Tj ET Q q 0 0 0 rg BT 306.34 479.60 Td (achieve. ) Tj ET Q q 0 0 0 rg BT 337.79 479.60 Td (If ) Tj ET Q q 0 0 0 rg BT 344.54 479.60 Td (this ) Tj ET Q q 0 0 0 rg BT 359.09 479.60 Td (strategyis ) Tj ET Q q 0 0 0 rg BT 397.02 479.60 Td (unsuccessful, ) Tj ET Q q 0 0 0 rg BT 446.65 479.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 464.23 479.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 495.67 479.60 Td (repayments ) Tj ET Q q 0 0 0 rg BT 538.79 479.60 Td (may ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 468.20 Td (need ) Tj ET Q q 0 0 0 rg BT 69.20 468.20 Td (to ) Tj ET Q q 0 0 0 rg BT 78.07 468.20 Td (be ) Tj ET Q q 0 0 0 rg BT 89.11 468.20 Td (funded ) Tj ET Q q 0 0 0 rg BT 115.31 468.20 Td (by ) Tj ET Q q 0 0 0 rg BT 125.91 468.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.77 468.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 179.60 468.20 Td (flows, ) Tj ET Q q 0 0 0 rg BT 201.88 468.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 237.61 468.20 Td (draws ) Tj ET Q q 0 0 0 rg BT 260.76 468.20 Td (underthe ) Tj ET Q q 0 0 0 rg BT 296.05 468.20 Td (REIT) Tj ET Q q 0 0 0 rg BT 315.39 468.20 Td (s ) Tj ET Q q 0 0 0 rg BT 321.66 468.20 Td (revolving ) Tj ET Q q 0 0 0 rg BT 355.20 468.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 376.63 468.20 Td (and ) Tj ET Q q 0 0 0 rg BT 392.00 468.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 426.85 468.20 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 459.10 468.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 492.66 468.20 Td (of ) Tj ET Q q 0 0 0 rg BT 501.53 468.20 Td (unencumbered ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 456.80 Td (income-producing ) Tj ET Q q 0 0 0 rg BT 113.59 456.80 Td (properties ) Tj ET Q q 0 0 0 rg BT 150.40 456.80 Td (or ) Tj ET Q q 0 0 0 rg BT 159.49 456.80 Td (by ) Tj ET Q q 0 0 0 rg BT 169.89 456.80 Td (issuances ) Tj ET Q q 0 0 0 rg BT 206.70 456.80 Td (of ) Tj ET Q q 0 0 0 rg BT 215.36 456.80 Td (equityor ) Tj ET Q q 0 0 0 rg BT 247.41 456.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 264.75 456.80 Td (securities. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 439.40 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 439.40 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 90.39 439.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 138.91 439.40 Td (level ) Tj ET Q q 0 0 0 rg BT 157.10 439.40 Td (is ) Tj ET Q q 0 0 0 rg BT 164.89 439.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 202.14 439.40 Td (as ) Tj ET Q q 0 0 0 rg BT 212.53 439.40 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 428.9 m 390 428.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 413.9 m 390 413.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 428.9 m 472 428.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 413.9 m 472 413.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 428.9 m 554 428.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 413.9 m 554 413.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 413.9 m 554 413.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 383.9 m 390 383.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 383.9 m 472 383.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 383.9 m 554 383.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 353.9 m 390 353.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 338.9 m 390 338.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 353.9 m 472 353.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 338.9 m 472 338.9 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 353.9 m 554 353.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 338.9 m 554 338.9 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 398.30 418.43 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 418.43 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 403.43 Td (T) Tj ET Q q 0 0 0 rg BT 56.83 403.43 Td (otal assets) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.50 403.43 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 429.85 403.43 Td (1,364,854) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 403.43 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.85 403.43 Td (1,025,522) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 388.43 Td (Less: restricted cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.55 388.43 Td (594) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 388.43 Td (1,404) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 373.43 Td (Gross book value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 429.85 373.43 Td (1,364,260) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.85 373.43 Td (1,024,1) Tj ET Q q 0 0 0 rg BT 537.85 373.43 Td (18) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 358.43 Td (Debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.50 358.43 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 436.35 358.43 Td (795,591) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 358.43 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 518.35 358.43 Td (604,953) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 343.43 Td (Leverage ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.35 343.43 Td (58.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.55 343.43 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 343.43 Td (59.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 343.43 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 322.00 Td (Additional ) Tj ET Q q 0 0 0 rg BT 85.88 322.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 125.73 322.00 Td (and ) Tj ET Q q 0 0 0 rg BT 140.89 322.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 175.54 322.00 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 212.79 322.00 Td (are ) Tj ET Q q 0 0 0 rg BT 226.22 322.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 258.26 322.00 Td (for ) Tj ET Q q 0 0 0 rg BT 269.52 322.00 Td (by ) Tj ET Q q 0 0 0 rg BT 279.92 322.00 Td (the ) Tj ET Q q 0 0 0 rg BT 292.92 322.00 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 334.49 322.00 Td (of ) Tj ET Q q 0 0 0 rg BT 343.02 322.00 Td (T) Tj ET Q q 0 0 0 rg BT 347.49 322.00 Td (rust. ) Tj ET Q q 0 0 0 rg BT 364.68 322.00 Td (The ) Tj ET Q q 0 0 0 rg BT 380.27 322.00 Td (REIT) Tj ET Q q 0 0 0 rg BT 397.88 322.00 Td ( ) Tj ET Q q 0 0 0 rg BT 400.05 322.00 Td (is ) Tj ET Q q 0 0 0 rg BT 407.84 322.00 Td (in ) Tj ET Q q 0 0 0 rg BT 416.07 322.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 457.64 322.00 Td (with ) Tj ET Q q 0 0 0 rg BT 473.66 322.00 Td (these ) Tj ET Q q 0 0 0 rg BT 494.89 322.00 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 534.30 322.00 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 304.60 Td (ADJUSTED EBITDA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 287.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 82.46 287.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 110.17 287.20 Td ( ) Tj ET Q q 0 0 0 rg BT 112.81 287.20 Td (is ) Tj ET Q q 0 0 0 rg BT 121.09 287.20 Td (a ) Tj ET Q q 0 0 0 rg BT 128.06 287.20 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 164.04 287.20 Td (measure ) Tj ET Q q 0 0 0 rg BT 197.00 287.20 Td (and ) Tj ET Q q 0 0 0 rg BT 212.64 287.20 Td (is ) Tj ET Q q 0 0 0 rg BT 220.91 287.20 Td (used ) Tj ET Q q 0 0 0 rg BT 240.45 287.20 Td (by ) Tj ET Q q 0 0 0 rg BT 251.32 287.20 Td (the ) Tj ET Q q 0 0 0 rg BT 264.80 287.20 Td (REIT) Tj ET Q q 0 0 0 rg BT 282.41 287.20 Td ( ) Tj ET Q q 0 0 0 rg BT 285.05 287.20 Td (to ) Tj ET Q q 0 0 0 rg BT 294.19 287.20 Td (monitor ) Tj ET Q q 0 0 0 rg BT 322.82 287.20 Td (the ) Tj ET Q q 0 0 0 rg BT 336.29 287.20 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 362.07 287.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 384.63 287.20 Td (to ) Tj ET Q q 0 0 0 rg BT 393.78 287.20 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 418.51 287.20 Td (and ) Tj ET Q q 0 0 0 rg BT 434.15 287.20 Td (service ) Tj ET Q q 0 0 0 rg BT 461.47 287.20 Td (its ) Tj ET Q q 0 0 0 rg BT 471.91 287.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 489.72 287.20 Td (as ) Tj ET Q q 0 0 0 rg BT 500.59 287.20 Td (well ) Tj ET Q q 0 0 0 rg BT 516.65 287.20 Td (as ) Tj ET Q q 0 0 0 rg BT 527.53 287.20 Td (monitor ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 275.80 Td (requirements ) Tj ET Q q 0 0 0 rg BT 96.94 275.80 Td (imposed ) Tj ET Q q 0 0 0 rg BT 128.37 275.80 Td (by ) Tj ET Q q 0 0 0 rg BT 138.57 275.80 Td (the ) Tj ET Q q 0 0 0 rg BT 151.38 275.80 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 176.49 275.80 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 206.18 275.80 Td (Specifically) Tj ET Q q 0 0 0 rg BT 244.58 275.80 Td (, ) Tj ET Q q 0 0 0 rg BT 248.73 275.80 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 280.16 275.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 307.87 275.80 Td ( ) Tj ET Q q 0 0 0 rg BT 309.85 275.80 Td (is ) Tj ET Q q 0 0 0 rg BT 317.45 275.80 Td (used ) Tj ET Q q 0 0 0 rg BT 336.32 275.80 Td (to ) Tj ET Q q 0 0 0 rg BT 344.80 275.80 Td (monitor ) Tj ET Q q 0 0 0 rg BT 372.75 275.80 Td (the ) Tj ET Q q 0 0 0 rg BT 385.56 275.80 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 410.67 275.80 Td (leverage ) Tj ET Q q 0 0 0 rg BT 442.53 275.80 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 461.83 275.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 489.36 275.80 Td (coverage ) Tj ET Q q 0 0 0 rg BT 523.38 275.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 540.52 275.80 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 264.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 67.87 264.40 Td (service ) Tj ET Q q 0 0 0 rg BT 95.75 264.40 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 116.27 264.40 Td (which ) Tj ET Q q 0 0 0 rg BT 139.39 264.40 Td (the ) Tj ET Q q 0 0 0 rg BT 153.43 264.40 Td (REIT) Tj ET Q q 0 0 0 rg BT 171.03 264.40 Td ( ) Tj ET Q q 0 0 0 rg BT 174.24 264.40 Td (uses ) Tj ET Q q 0 0 0 rg BT 193.90 264.40 Td (to ) Tj ET Q q 0 0 0 rg BT 203.60 264.40 Td (measure ) Tj ET Q q 0 0 0 rg BT 237.11 264.40 Td (its ) Tj ET Q q 0 0 0 rg BT 248.11 264.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 266.48 264.40 Td (profile ) Tj ET Q q 0 0 0 rg BT 290.90 264.40 Td (and ) Tj ET Q q 0 0 0 rg BT 307.10 264.40 Td (assess ) Tj ET Q q 0 0 0 rg BT 334.55 264.40 Td (its ) Tj ET Q q 0 0 0 rg BT 345.55 264.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 368.67 264.40 Td (to ) Tj ET Q q 0 0 0 rg BT 378.37 264.40 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 403.66 264.40 Td (its ) Tj ET Q q 0 0 0 rg BT 414.66 264.40 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 457.28 264.40 Td (including ) Tj ET Q q 0 0 0 rg BT 491.23 264.40 Td (servicing ) Tj ET Q q 0 0 0 rg BT 525.18 264.40 Td (its ) Tj ET Q q 0 0 0 rg BT 536.17 264.40 Td (debt. ) Tj ET Q q 0 0 0 rg BT 555.67 264.40 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 253.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 96.70 253.00 Td (views ) Tj ET Q q 0 0 0 rg BT 117.90 253.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 149.08 253.00 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 176.79 253.00 Td ( ) Tj ET Q q 0 0 0 rg BT 178.51 253.00 Td (as ) Tj ET Q q 0 0 0 rg BT 188.46 253.00 Td (a ) Tj ET Q q 0 0 0 rg BT 194.52 253.00 Td (proxy ) Tj ET Q q 0 0 0 rg BT 215.30 253.00 Td (for ) Tj ET Q q 0 0 0 rg BT 226.11 253.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 260.32 253.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 278.50 253.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 294.08 253.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 311.39 253.00 Td (to ) Tj ET Q q 0 0 0 rg BT 319.61 253.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 346.88 253.00 Td (costs. ) Tj ET Q q 0 0 0 rg BT 368.96 253.00 Td ( ) Tj ET Q q 0 0 0 rg BT 370.35 253.00 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 402.39 253.00 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 430.10 253.00 Td ( ) Tj ET Q q 0 0 0 rg BT 431.82 253.00 Td (represents ) Tj ET Q q 0 0 0 rg BT 470.35 253.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 501.96 253.00 Td (before ) Tj ET Q q 0 0 0 rg BT 525.78 253.00 Td (interest, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 241.60 Td (income ) Tj ET Q q 0 0 0 rg BT 76.95 241.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 100.08 241.60 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 147.04 241.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 160.20 241.60 Td (value ) Tj ET Q q 0 0 0 rg BT 181.16 241.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 202.13 241.60 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 231.74 241.60 Td (from ) Tj ET Q q 0 0 0 rg BT 249.66 241.60 Td (both ) Tj ET Q q 0 0 0 rg BT 267.16 241.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.09 241.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 340.70 241.60 Td (and ) Tj ET Q q 0 0 0 rg BT 356.04 241.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 396.05 241.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 435.20 241.60 Td (while ) Tj ET Q q 0 0 0 rg BT 455.29 241.60 Td (also ) Tj ET Q q 0 0 0 rg BT 471.92 241.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 507.18 241.60 Td (non-recurring ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 230.20 Td (items ) Tj ET Q q 0 0 0 rg BT 70.03 230.20 Td (such ) Tj ET Q q 0 0 0 rg BT 88.40 230.20 Td (as ) Tj ET Q q 0 0 0 rg BT 98.55 230.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 138.57 230.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 158.68 230.20 Td (from ) Tj ET Q q 0 0 0 rg BT 176.17 230.20 Td (dispositions, ) Tj ET Q q 0 0 0 rg BT 220.96 230.20 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 263.59 230.20 Td (or ) Tj ET Q q 0 0 0 rg BT 272.43 230.20 Td (other ) Tj ET Q q 0 0 0 rg BT 292.10 230.20 Td (events ) Tj ET Q q 0 0 0 rg BT 316.97 230.20 Td (and ) Tj ET Q q 0 0 0 rg BT 331.88 230.20 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 364.99 230.20 Td (income ) Tj ET Q q 0 0 0 rg BT 392.01 230.20 Td (received ) Tj ET Q q 0 0 0 rg BT 423.38 230.20 Td (from ) Tj ET Q q 0 0 0 rg BT 440.87 230.20 Td (the ) Tj ET Q q 0 0 0 rg BT 453.62 230.20 Td (Data ) Tj ET Q q 0 0 0 rg BT 471.99 230.20 Td (Centre ) Tj ET Q q 0 0 0 rg BT 497.28 230.20 Td (to ) Tj ET Q q 0 0 0 rg BT 505.69 230.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 524.07 230.20 Td (received ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 218.80 Td (as ) Tj ET Q q 0 0 0 rg BT 59.90 218.80 Td (opposed ) Tj ET Q q 0 0 0 rg BT 91.95 218.80 Td (to ) Tj ET Q q 0 0 0 rg BT 100.62 218.80 Td (finance ) Tj ET Q q 0 0 0 rg BT 127.91 218.80 Td (income ) Tj ET Q q 0 0 0 rg BT 155.19 218.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 188.10 218.80 Td (for ) Tj ET Q q 0 0 0 rg BT 199.36 218.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 239.21 218.80 Td (purposes. ) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 30) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 742.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 159.50 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 177.24 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 190.24 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 217.52 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.69 742.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 287.68 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 314.97 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.63 742.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 355.25 742.10 Td (EBITDA:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 725.6 m 254 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 725.6 m 329 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 725.6 m 404 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 725.6 m 479 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 725.6 m 554 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 697.6 m 254 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 697.6 m 329 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 697.6 m 404 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 697.6 m 479 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 697.6 m 554 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 697.6 m 329 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 697.6 m 404 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 697.6 m 479 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 697.6 m 554 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 543.6 m 479 543.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 543.6 m 554 543.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 543.6 m 254 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 529.6 m 254 529.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 543.6 m 329 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 529.6 m 329 529.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 543.6 m 404 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 529.6 m 404 529.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 543.6 m 479 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 529.6 m 479 529.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 543.6 m 554 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 529.6 m 554 529.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 716.18 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 716.18 Td (Y) Tj ET Q q 0 0 0 rg BT 464.28 716.18 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 702.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 702.13 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 702.13 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 702.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 688.18 Td (Net income and comprehensive income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 688.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 688.18 Td (14,174) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 688.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 688.13 Td (14,571) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 688.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 688.13 Td (49,705) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 688.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 688.13 Td (36,420) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 674.18 Td (Finance income on finance lease receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 674.18 Td (\(964) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 674.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.30 674.13 Td (\(998) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 674.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 674.13 Td (\(3,908) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 674.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 674.13 Td (\(4,041) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 674.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 660.18 Td (Net operating income from the Data Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 660.13 Td (1,525) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 660.13 Td (1,524) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 660.13 Td (6,100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 660.13 Td (6,099) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 646.18 Td (Interest income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.60 646.18 Td (\(32) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 646.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.60 646.13 Td (\(21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 646.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.60 646.13 Td (\(88) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 646.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 539.60 646.13 Td (\(71) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 646.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 632.18 Td (Interest and finance costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 632.13 Td (7,374) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 632.13 Td (5,143) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 632.13 Td (26,509) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 632.13 Td (18,781) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 618.18 Td (Change in fair value of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.80 618.18 Td (\(5,218) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 618.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 618.13 Td (\(1,022) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 618.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.45 618.13 Td (\(15,126) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 618.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 618.13 Td (\(7,933) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 618.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 604.18 Td (Change in fair value of financial instruments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 604.18 Td (\(253) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.90 604.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 604.13 Td (\(1,564) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 604.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 604.13 Td (1,182) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 604.13 Td (\(602) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 604.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 590.18 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.10 590.18 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 590.13 Td (101) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 590.13 Td (146) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 590.13 Td (322) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 576.18 Td (Depreciation of hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 576.13 Td (215) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 576.13 Td (162) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.90 576.13 Td (799) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 576.13 Td (590) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 562.18 Td (Change in fair value of Class B LP) Tj ET Q q 0 0 0 rg BT 171.03 562.18 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 562.13 Td (528) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.80 562.13 Td (\(2,748) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.90 562.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 562.13 Td (1,268) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 562.13 Td (4,493) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 548.18 Td (Distributions to Class B LP) Tj ET Q q 0 0 0 rg BT 144.59 548.18 Td ( unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 548.13 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 548.13 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 548.13 Td (3,964) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 548.13 Td (3,964) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 534.18 Td (Adjusted EBITDA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 534.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 534.18 Td (18,340) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 534.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 534.13 Td (16,139) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 534.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 534.13 Td (70,551) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 534.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 534.13 Td (58,022) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 512.70 Td (The following is a calculation of adjusted EBITDA:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 496.2 m 258 496.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 496.2 m 332 496.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 496.2 m 406 496.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 496.2 m 480 496.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 496.2 m 554 496.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 468.2 m 258 468.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332 468.2 m 406 468.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406 468.2 m 480 468.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480 468.2 m 554 468.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 468.2 m 332 468.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332 468.2 m 406 468.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406 468.2 m 480 468.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480 468.2 m 554 468.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 416.2 m 258 416.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258 416.2 m 332 416.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332 416.2 m 406 416.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406 416.2 m 480 416.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480 416.2 m 554 416.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 403.2 m 258 403.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 403.2 m 332 403.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 403.2 m 406 403.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 403.2 m 480 403.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 403.2 m 554 403.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 279.50 486.73 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 486.73 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 486.73 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.15 472.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.15 472.73 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.15 472.73 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 472.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 458.78 Td (Rental revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 260.50 458.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.05 458.83 Td (42,380) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 334.50 458.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.05 458.78 Td (35,094) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.50 458.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.70 458.78 Td (152,136) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.50 458.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 458.78 Td (122,190) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 445.78 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.45 445.78 Td (\(23,776) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 328.90 445.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.45 445.78 Td (\(19,404) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.90 445.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.45 445.78 Td (\(81,931) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.90 445.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.45 445.78 Td (\(66,062) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 445.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 432.78 Td (Net operating income from the Data Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 309.40 432.78 Td (1,525) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.40 432.78 Td (1,524) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.40 432.78 Td (6,100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 432.78 Td (6,099) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 419.78 Td (General and administrative) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.80 419.83 Td (\(1,789) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 328.90 419.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.80 419.78 Td (\(1,075) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.90 419.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.80 419.78 Td (\(5,754) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.90 419.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 419.78 Td (\(4,205) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 419.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 406.78 Td (Adjusted EBITDA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 260.50 406.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.05 406.83 Td (18,340) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 334.50 406.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.05 406.78 Td (16,139) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.50 406.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.05 406.78 Td (70,551) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.50 406.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 406.78 Td (58,022) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 386.30 Td (INTEREST COVERAGE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 368.90 Td (In ) Tj ET Q q 0 0 0 rg BT 58.66 368.90 Td (addition ) Tj ET Q q 0 0 0 rg BT 88.61 368.90 Td (to ) Tj ET Q q 0 0 0 rg BT 97.78 368.90 Td (the ) Tj ET Q q 0 0 0 rg BT 111.27 368.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 137.07 368.90 Td (level ) Tj ET Q q 0 0 0 rg BT 155.75 368.90 Td (of ) Tj ET Q q 0 0 0 rg BT 164.91 368.90 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 213.93 368.90 Td (calculated ) Tj ET Q q 0 0 0 rg BT 251.67 368.90 Td (in ) Tj ET Q q 0 0 0 rg BT 260.40 368.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 303.34 368.90 Td (with ) Tj ET Q q 0 0 0 rg BT 319.85 368.90 Td (the ) Tj ET Q q 0 0 0 rg BT 333.35 368.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 359.14 368.90 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 401.21 368.90 Td (of ) Tj ET Q q 0 0 0 rg BT 410.20 368.90 Td (T) Tj ET Q q 0 0 0 rg BT 414.68 368.90 Td (rust, ) Tj ET Q q 0 0 0 rg BT 432.50 368.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 480.63 368.90 Td (also ) Tj ET Q q 0 0 0 rg BT 497.59 368.90 Td (monitors ) Tj ET Q q 0 0 0 rg BT 530.12 368.90 Td (certain ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 357.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 80.37 357.50 Td (measures, ) Tj ET Q q 0 0 0 rg BT 119.02 357.50 Td (which ) Tj ET Q q 0 0 0 rg BT 141.21 357.50 Td (include ) Tj ET Q q 0 0 0 rg BT 168.18 357.50 Td (the ) Tj ET Q q 0 0 0 rg BT 181.29 357.50 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 190.49 357.50 Td (net ) Tj ET Q q 0 0 0 rg BT 203.60 357.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 221.05 357.50 Td (to ) Tj ET Q q 0 0 0 rg BT 229.83 357.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 261.57 357.50 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 289.27 357.50 Td ( ) Tj ET Q q 0 0 0 rg BT 291.55 357.50 Td (leverage ) Tj ET Q q 0 0 0 rg BT 323.72 357.50 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 343.32 357.50 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 354.25 357.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 382.08 357.50 Td (coverage ) Tj ET Q q 0 0 0 rg BT 416.41 357.50 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 436.01 357.50 Td (and ) Tj ET Q q 0 0 0 rg BT 451.29 357.50 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 463.95 357.50 Td (the ) Tj ET Q q 0 0 0 rg BT 477.06 357.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 494.51 357.50 Td (service ) Tj ET Q q 0 0 0 rg BT 521.46 357.50 Td (coverage ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 68.56 346.10 Td (All ) Tj ET Q q 0 0 0 rg BT 79.38 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.05 346.10 Td (these ) Tj ET Q q 0 0 0 rg BT 109.28 346.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 145.65 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.07 346.10 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 194.57 346.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 233.11 346.10 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 328.70 Td (Net debt to adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 155.25 328.70 Td ( leverage ratio) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 311.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.04 311.30 Td (net ) Tj ET Q q 0 0 0 rg BT 77.98 311.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 95.26 311.30 Td (to ) Tj ET Q q 0 0 0 rg BT 103.87 311.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 135.44 311.30 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 163.15 311.30 Td ( ) Tj ET Q q 0 0 0 rg BT 165.26 311.30 Td (ratio ) Tj ET Q q 0 0 0 rg BT 182.53 311.30 Td (is ) Tj ET Q q 0 0 0 rg BT 190.27 311.30 Td (used ) Tj ET Q q 0 0 0 rg BT 209.27 311.30 Td (to ) Tj ET Q q 0 0 0 rg BT 217.89 311.30 Td (calculate ) Tj ET Q q 0 0 0 rg BT 250.75 311.30 Td (the ) Tj ET Q q 0 0 0 rg BT 263.69 311.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 294.39 311.30 Td (leverage ) Tj ET Q q 0 0 0 rg BT 326.39 311.30 Td (of ) Tj ET Q q 0 0 0 rg BT 335.00 311.30 Td (the ) Tj ET Q q 0 0 0 rg BT 347.94 311.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 364.82 311.30 Td (, ) Tj ET Q q 0 0 0 rg BT 369.10 311.30 Td (specifically) Tj ET Q q 0 0 0 rg BT 406.20 311.30 Td (, ) Tj ET Q q 0 0 0 rg BT 410.48 311.30 Td (its ) Tj ET Q q 0 0 0 rg BT 420.39 311.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 442.42 311.30 Td (to ) Tj ET Q q 0 0 0 rg BT 451.03 311.30 Td (meet ) Tj ET Q q 0 0 0 rg BT 470.47 311.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.16 311.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 540.53 311.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 299.90 Td (to ) Tj ET Q q 0 0 0 rg BT 57.36 299.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 84.27 299.90 Td (a ) Tj ET Q q 0 0 0 rg BT 89.96 299.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 121.63 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 129.49 299.90 Td (its ) Tj ET Q q 0 0 0 rg BT 138.64 299.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 167.29 299.90 Td (sheet ) Tj ET Q q 0 0 0 rg BT 187.71 299.90 Td (strength. ) Tj ET Q q 0 0 0 rg BT 219.30 299.90 Td (The ) Tj ET Q q 0 0 0 rg BT 234.09 299.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 251.70 299.90 Td ( ) Tj ET Q q 0 0 0 rg BT 253.06 299.90 Td (calculates ) Tj ET Q q 0 0 0 rg BT 289.06 299.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 305.58 299.90 Td (to ) Tj ET Q q 0 0 0 rg BT 313.44 299.90 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 344.26 299.90 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 371.97 299.90 Td ( ) Tj ET Q q 0 0 0 rg BT 373.33 299.90 Td (by ) Tj ET Q q 0 0 0 rg BT 382.91 299.90 Td (dividing ) Tj ET Q q 0 0 0 rg BT 410.69 299.90 Td (the ) Tj ET Q q 0 0 0 rg BT 422.88 299.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 459.33 299.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 486.67 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 494.53 299.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 511.06 299.90 Td (outstanding, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 288.50 Td (less ) Tj ET Q q 0 0 0 rg BT 65.37 288.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 83.84 288.50 Td (on ) Tj ET Q q 0 0 0 rg BT 94.52 288.50 Td (hand, ) Tj ET Q q 0 0 0 rg BT 116.04 288.50 Td (by ) Tj ET Q q 0 0 0 rg BT 126.28 288.50 Td (annualized ) Tj ET Q q 0 0 0 rg BT 165.98 288.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 197.45 288.50 Td (EBITDA. ) Tj ET Q q 0 0 0 rg BT 229.64 288.50 Td (The ) Tj ET Q q 0 0 0 rg BT 245.08 288.50 Td (net ) Tj ET Q q 0 0 0 rg BT 257.93 288.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 275.11 288.50 Td (to ) Tj ET Q q 0 0 0 rg BT 283.62 288.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 315.09 288.50 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 342.80 288.50 Td ( ) Tj ET Q q 0 0 0 rg BT 344.81 288.50 Td (leverage ) Tj ET Q q 0 0 0 rg BT 376.71 288.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 393.88 288.50 Td (also ) Tj ET Q q 0 0 0 rg BT 410.19 288.50 Td (indicates ) Tj ET Q q 0 0 0 rg BT 442.96 288.50 Td (the ) Tj ET Q q 0 0 0 rg BT 455.80 288.50 Td (number ) Tj ET Q q 0 0 0 rg BT 484.23 288.50 Td (of ) Tj ET Q q 0 0 0 rg BT 492.74 288.50 Td (years ) Tj ET Q q 0 0 0 rg BT 513.81 288.50 Td (required ) Tj ET Q q 0 0 0 rg BT 544.41 288.50 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.01 277.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.35 277.10 Td (s ) Tj ET Q q 0 0 0 rg BT 88.92 277.10 Td (unleveraged ) Tj ET Q q 0 0 0 rg BT 134.48 277.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 169.64 277.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 202.20 277.10 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 217.86 277.10 Td (before ) Tj ET Q q 0 0 0 rg BT 242.63 277.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 289.92 277.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 337.19 277.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 377.98 277.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 401.01 277.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 422.32 277.10 Td (or ) Tj ET Q q 0 0 0 rg BT 431.92 277.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 458.85 277.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 472.34 277.10 Td (value ) Tj ET Q q 0 0 0 rg BT 493.65 277.10 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 540.50 277.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 265.70 Td (taxes\) ) Tj ET Q q 0 0 0 rg BT 73.21 265.70 Td (to ) Tj ET Q q 0 0 0 rg BT 82.20 265.70 Td (cover ) Tj ET Q q 0 0 0 rg BT 103.74 265.70 Td (or ) Tj ET Q q 0 0 0 rg BT 113.16 265.70 Td (repay ) Tj ET Q q 0 0 0 rg BT 135.14 265.70 Td (all ) Tj ET Q q 0 0 0 rg BT 145.42 265.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 188.20 265.70 Td (debts. ) Tj ET Q q 0 0 0 rg BT 211.76 265.70 Td (The ) Tj ET Q q 0 0 0 rg BT 227.68 265.70 Td (net ) Tj ET Q q 0 0 0 rg BT 241.00 265.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 258.66 265.70 Td (to ) Tj ET Q q 0 0 0 rg BT 267.65 265.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 299.60 265.70 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 327.30 265.70 Td ( ) Tj ET Q q 0 0 0 rg BT 329.79 265.70 Td (ratio ) Tj ET Q q 0 0 0 rg BT 347.44 265.70 Td (also ) Tj ET Q q 0 0 0 rg BT 364.22 265.70 Td (takes ) Tj ET Q q 0 0 0 rg BT 385.34 265.70 Td (into ) Tj ET Q q 0 0 0 rg BT 400.39 265.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 449.22 265.70 Td (the ) Tj ET Q q 0 0 0 rg BT 462.55 265.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.50 265.70 Td (on ) Tj ET Q q 0 0 0 rg BT 492.65 265.70 Td (hand ) Tj ET Q q 0 0 0 rg BT 512.47 265.70 Td (to ) Tj ET Q q 0 0 0 rg BT 521.46 265.70 Td (decrease ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 254.30 Td (debt. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 236.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 236.90 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 236.90 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 236.90 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 236.90 Td (calculation ) Tj ET Q q 0 0 0 rg BT 150.84 236.90 Td (of ) Tj ET Q q 0 0 0 rg BT 159.51 236.90 Td (net ) Tj ET Q q 0 0 0 rg BT 172.50 236.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 189.83 236.90 Td (to ) Tj ET Q q 0 0 0 rg BT 198.50 236.90 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 230.12 236.90 Td (EBITDA:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 220.39999999999998 m 254 220.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 220.39999999999998 m 329 220.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 220.39999999999998 m 404 220.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 220.39999999999998 m 479 220.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 220.39999999999998 m 554 220.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 192.39999999999998 m 254 192.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 192.39999999999998 m 329 192.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 192.39999999999998 m 404 192.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 192.39999999999998 m 479 192.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 192.39999999999998 m 554 192.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 192.39999999999998 m 329 192.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 192.39999999999998 m 404 192.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 192.39999999999998 m 479 192.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 192.39999999999998 m 554 192.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 164.39999999999998 m 254 164.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 164.39999999999998 m 329 164.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 164.39999999999998 m 404 164.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 164.39999999999998 m 479 164.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 164.39999999999998 m 554 164.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 136.39999999999998 m 329 136.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 136.39999999999998 m 479 136.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 136.39999999999998 m 554 136.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 136.39999999999998 m 254 136.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 122.39999999999998 m 254 122.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 136.39999999999998 m 329 136.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 122.39999999999998 m 329 122.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 136.39999999999998 m 404 136.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 122.39999999999998 m 404 122.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 136.39999999999998 m 479 136.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 122.39999999999998 m 479 122.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 136.39999999999998 m 554 136.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 122.39999999999998 m 554 122.39999999999998 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 210.98 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 210.98 Td (Y) Tj ET Q q 0 0 0 rg BT 464.28 210.98 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 196.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 196.93 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 196.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 196.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 182.93 Td (Debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.50 182.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.70 182.93 Td (795,591) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 182.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 182.93 Td (604,953) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 182.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 182.93 Td (795,591) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 182.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 182.93 Td (604,953) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 168.93 Td (Less: Cash on hand) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 168.93 Td (9,153) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 168.93 Td (4,252) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 168.93 Td (9,153) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 168.93 Td (4,252) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 154.93 Td (Net debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.70 154.93 Td (786,438) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 154.93 Td (600,701) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 154.93 Td (786,438) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 154.93 Td (600,701) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 140.93 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 112.69 140.93 Td ( ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 114.86 143.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.05 140.98 Td (73,360) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 140.93 Td (64,556) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 140.93 Td (70,551) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 140.93 Td (58,022) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 126.93 Td (Net debt to ) Tj ET Q q 0 0 0 rg BT 92.36 126.93 Td (Adjusted EBITDA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.00 126.93 Td (10.7x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.75 126.93 Td (9.3x) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 126.93 Td (1) Tj ET Q q 0 0 0 rg BT 460.31 126.93 Td (1.1x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 126.93 Td (10.4x) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 113.90 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.39 113.90 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 105.91 113.90 Td ( for three months is based on actuals annualized, using the following formula: \(Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 367.48 113.90 Td ( in the period / No. of quarters in the period x 4\). ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 96.50 Td (Interest coverage ratio) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 79.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.51 79.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 91.65 79.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 125.28 79.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 142.03 79.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.24 79.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 171.62 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.27 79.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 221.56 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.98 79.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 258.70 79.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 280.21 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.29 79.10 Td (service ) Tj ET Q q 0 0 0 rg BT 314.56 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.98 79.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 354.11 79.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 401.17 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.25 79.10 Td (its ) Tj ET Q q 0 0 0 rg BT 418.63 79.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 460.51 79.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 479.32 79.10 Td (The ) Tj ET Q q 0 0 0 rg BT 494.34 79.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 521.47 79.10 Td (coverage ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 67.70 Td (ratio ) Tj ET Q q 0 0 0 rg BT 66.81 67.70 Td (is ) Tj ET Q q 0 0 0 rg BT 74.59 67.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 111.82 67.70 Td (by ) Tj ET Q q 0 0 0 rg BT 122.21 67.70 Td (dividing ) Tj ET Q q 0 0 0 rg BT 150.78 67.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 182.39 67.70 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 210.09 67.70 Td ( ) Tj ET Q q 0 0 0 rg BT 212.25 67.70 Td (by ) Tj ET Q q 0 0 0 rg BT 222.63 67.70 Td (the ) Tj ET Q q 0 0 0 rg BT 235.61 67.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 260.90 67.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 288.60 67.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 328.00 67.70 Td (for ) Tj ET Q q 0 0 0 rg BT 339.25 67.70 Td (the ) Tj ET Q q 0 0 0 rg BT 352.23 67.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 378.21 67.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 425.83 67.70 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 451.80 67.70 Td (this ) Tj ET Q q 0 0 0 rg BT 466.08 67.70 Td (ratio ) Tj ET Q q 0 0 0 rg BT 483.39 67.70 Td (to ) Tj ET Q q 0 0 0 rg BT 492.04 67.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 524.50 67.70 Td (and ) Tj ET Q q 0 0 0 rg BT 539.65 67.70 Td (limit ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 56.30 Td (leverage.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 31) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 742.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 150.84 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.51 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 187.22 742.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 221.44 742.10 Td (ratio:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 725.6 m 254 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 725.6 m 329 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 725.6 m 404 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 725.6 m 479 725.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 725.6 m 554 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 697.6 m 254 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 697.6 m 329 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 697.6 m 404 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 697.6 m 479 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 697.6 m 554 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 697.6 m 329 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 697.6 m 404 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 697.6 m 479 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 697.6 m 554 697.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 669.6 m 254 669.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 669.6 m 329 669.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 669.6 m 404 669.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 669.6 m 479 669.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 669.6 m 554 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 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473.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 473.73 Td (21,633) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 459.78 Td (Debt service coverage ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 459.73 Td (2.0x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.75 459.73 Td (2.7x) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.30 459.73 Td (2.2x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.75 459.73 Td (2.7x) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 438.30 Td (DEBT ) Tj ET Q q 0 0 0 rg BT 72.87 438.30 Td (REP) Tj ET Q q 0 0 0 rg BT 88.31 438.30 Td (A) Tj ET Q q 0 0 0 rg BT 93.22 438.30 Td (YMENT ) Tj ET Q q 0 0 0 rg BT 122.64 438.30 Td (SCHEDULE ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 420.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.21 420.90 Td (following ) Tj ET Q q 0 0 0 rg BT 97.80 420.90 Td (table ) Tj ET Q q 0 0 0 rg BT 116.97 420.90 Td (outlines ) Tj ET Q q 0 0 0 rg BT 146.11 420.90 Td (the ) Tj ET Q q 0 0 0 rg BT 159.22 420.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 178.56 420.90 Td (s ) Tj ET Q q 0 0 0 rg BT 184.73 420.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 210.41 420.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 241.70 420.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 277.76 420.90 Td (and ) Tj ET Q q 0 0 0 rg BT 293.04 420.90 Td (maturity ) Tj ET Q q 0 0 0 rg BT 323.03 420.90 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 358.66 420.90 Td (together ) Tj ET Q q 0 0 0 rg BT 389.53 420.90 Td (with ) Tj ET Q q 0 0 0 rg BT 405.66 420.90 Td (the ) Tj ET Q q 0 0 0 rg BT 418.77 420.90 Td (weighted ) Tj ET Q q 0 0 0 rg BT 452.24 420.90 Td (average ) Tj ET Q q 0 0 0 rg BT 482.67 420.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 508.34 420.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 536.18 420.90 Td (rates ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 409.50 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.17 409.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.26 409.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 126.59 409.50 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 399 m 179 399 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 350 m 179 350 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 399 m 254 399 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 179 350 m 254 350 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 399 m 329 399 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 350 m 329 350 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 399 m 404 399 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 350 m 404 350 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 399 m 479 399 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 350 m 479 350 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 399 m 554 399 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 350 m 554 350 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 350 m 179 350 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 350 m 554 350 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 272 m 179 272 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 272 m 254 272 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 272 m 329 272 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 272 m 404 272 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 272 m 479 272 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 272 m 554 272 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 189.00 364.03 Td (Annual Principal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 213.65 354.53 Td (Payments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.55 373.53 Td (Principal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.45 364.03 Td (Repayments on) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 295.20 354.53 Td (Maturity) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 382.45 354.53 Td (T) Tj ET Q q 0 0 0 rg BT 386.92 354.53 Td (otal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 419.20 354.53 Td (Percentage \(%\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 483.20 388.73 Td (W) Tj ET Q q 0 0 0 rg BT 490.42 388.73 Td (eighted ) Tj ET Q q 0 0 0 rg BT 520.00 388.73 Td (A) Tj ET Q q 0 0 0 rg BT 525.34 388.73 Td (verage) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 507.20 377.33 Td (Contractual) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 491.60 365.93 Td (Interest Rate on) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 483.85 354.53 Td (Maturing Debt \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 340.58 Td (2018) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 181.50 340.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.35 340.58 Td (9,235) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 256.50 340.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.70 340.58 Td (173,984) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 340.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 340.58 Td (183,219) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.35 340.58 Td (23.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 340.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 340.58 Td (3.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 340.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 327.58 Td (2019) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.35 327.58 Td (9,630) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.70 327.58 Td (133,376) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 327.58 Td (143,006) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.35 327.58 Td (17.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 327.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 327.58 Td (3.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 327.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 314.58 Td (2020) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.35 314.58 Td (9,393) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.70 314.58 Td (101,029) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 314.58 Td (1) Tj ET Q q 0 0 0 rg BT 377.03 314.58 Td (10,422) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.35 314.58 Td (13.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 314.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 314.58 Td (3.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 314.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 301.58 Td (2021) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.35 301.58 Td (6,950) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.70 301.58 Td (269,492) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 301.58 Td (276,442) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.35 301.58 Td (34.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 301.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 301.58 Td (3.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 301.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 288.58 Td (2022) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.35 288.58 Td (4,442) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.10 288.63 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 288.58 Td (4,442) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.70 288.58 Td (0.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 288.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.75 288.58 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 288.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 275.58 Td (Thereafter) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 181.50 275.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 227.05 275.58 Td (22,101) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 256.50 275.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 302.05 275.63 Td (57,510) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 275.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 275.58 Td (79,61) Tj ET Q q 0 0 0 rg BT 396.55 275.58 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.35 275.58 Td (10.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 275.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 275.58 Td (3.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 275.58 Td (%) Tj ET Q BT /F3 11.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 252.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.46 252.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.06 252.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.60 252.10 Td (has ) Tj ET Q q 0 0 0 rg BT 97.69 252.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 131.71 252.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 179.59 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.62 252.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 212.97 252.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.33 252.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 242.94 252.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.47 252.10 Td (is ) Tj ET Q q 0 0 0 rg BT 251.63 252.10 Td (not ) Tj ET Q q 0 0 0 rg BT 264.00 252.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 294.98 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.01 252.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 330.53 252.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 344.18 252.10 Td (due ) Tj ET Q q 0 0 0 rg BT 358.71 252.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.74 252.10 Td (concentration ) Tj ET Q q 0 0 0 rg BT 415.05 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.08 252.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 439.77 252.10 Td (maturities. ) Tj ET Q q 0 0 0 rg BT 476.94 252.10 Td (As ) Tj ET Q q 0 0 0 rg BT 487.56 252.10 Td (part ) Tj ET Q q 0 0 0 rg BT 502.52 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.55 252.10 Td (this ) Tj ET Q q 0 0 0 rg BT 524.21 252.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 551.36 252.10 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 240.70 Td (the ) Tj ET Q q 0 0 0 rg BT 63.10 240.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.71 240.70 Td ( ) Tj ET Q q 0 0 0 rg BT 83.47 240.70 Td (is ) Tj ET Q q 0 0 0 rg BT 91.86 240.70 Td (proactive ) Tj ET Q q 0 0 0 rg BT 126.24 240.70 Td (in ) Tj ET Q q 0 0 0 rg BT 135.07 240.70 Td (negotiating ) Tj ET Q q 0 0 0 rg BT 175.96 240.70 Td (renewals ) Tj ET Q q 0 0 0 rg BT 209.89 240.70 Td (for ) Tj ET Q q 0 0 0 rg BT 221.75 240.70 Td (near ) Tj ET Q q 0 0 0 rg BT 240.11 240.70 Td (term ) Tj ET Q q 0 0 0 rg BT 258.45 240.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 276.38 240.70 Td (maturities. ) Tj ET Q q 0 0 0 rg BT 315.09 240.70 Td (On ) Tj ET Q q 0 0 0 rg BT 328.25 240.70 Td (February ) Tj ET Q q 0 0 0 rg BT 362.18 240.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 371.45 240.70 Td (2018, ) Tj ET Q q 0 0 0 rg BT 393.71 240.70 Td (the ) Tj ET Q q 0 0 0 rg BT 407.31 240.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 424.92 240.70 Td ( ) Tj ET Q q 0 0 0 rg BT 427.68 240.70 Td (renewed ) Tj ET Q q 0 0 0 rg BT 460.32 240.70 Td (its ) Tj ET Q q 0 0 0 rg BT 470.88 240.70 Td ($171.9 ) Tj ET Q q 0 0 0 rg BT 497.48 240.70 Td (million ) Tj ET Q q 0 0 0 rg BT 522.32 240.70 Td (revolving ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 229.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 84.15 229.30 Td (facility ) Tj ET Q q 0 0 0 rg BT 107.97 229.30 Td (expiring ) Tj ET Q q 0 0 0 rg BT 137.42 229.30 Td (June ) Tj ET Q q 0 0 0 rg BT 156.48 229.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 169.47 229.30 Td (2018. ) Tj ET Q q 0 0 0 rg BT 190.71 229.30 Td (As ) Tj ET Q q 0 0 0 rg BT 201.97 229.30 Td (part ) Tj ET Q q 0 0 0 rg BT 217.56 229.30 Td (of ) Tj ET Q q 0 0 0 rg BT 226.23 229.30 Td (this ) Tj ET Q q 0 0 0 rg BT 240.52 229.30 Td (renewal, ) Tj ET Q q 0 0 0 rg BT 272.13 229.30 Td (the ) Tj ET Q q 0 0 0 rg BT 285.13 229.30 Td (facility ) Tj ET Q q 0 0 0 rg BT 308.94 229.30 Td (was ) Tj ET Q q 0 0 0 rg BT 324.96 229.30 Td (extended ) Tj ET Q q 0 0 0 rg BT 359.18 229.30 Td (to ) Tj ET Q q 0 0 0 rg BT 367.85 229.30 Td (February ) Tj ET Q q 0 0 0 rg BT 401.19 229.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 409.85 229.30 Td (2021 ) Tj ET Q q 0 0 0 rg BT 429.35 229.30 Td (on ) Tj ET Q q 0 0 0 rg BT 440.18 229.30 Td (comparable ) Tj ET Q q 0 0 0 rg BT 483.05 229.30 Td (terms. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 211.90 Td (At ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.48 211.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.02 211.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 126.35 211.90 Td (, ) Tj ET Q q 0 0 0 rg BT 130.13 211.90 Td (excluding ) Tj ET Q q 0 0 0 rg BT 164.67 211.90 Td (the ) Tj ET Q q 0 0 0 rg BT 177.11 211.90 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 215.54 211.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 254.40 211.90 Td (with ) Tj ET Q q 0 0 0 rg BT 269.87 211.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 297.03 211.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 312.07 211.90 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 337.94 211.90 Td (the ) Tj ET Q q 0 0 0 rg BT 350.38 211.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 367.99 211.90 Td ( ) Tj ET Q q 0 0 0 rg BT 369.61 211.90 Td (had ) Tj ET Q q 0 0 0 rg BT 384.22 211.90 Td (a ) Tj ET Q q 0 0 0 rg BT 390.17 211.90 Td (floating ) Tj ET Q q 0 0 0 rg BT 416.91 211.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 431.95 211.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 466.47 211.90 Td (and ) Tj ET Q q 0 0 0 rg BT 481.09 211.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 497.87 211.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 505.98 211.90 Td ($533.2 ) Tj ET Q q 0 0 0 rg BT 531.42 211.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 200.50 Td (\() Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.09 200.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 102.96 200.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 120.29 200.50 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 122.23 200.50 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 126.98 200.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 128.92 200.50 Td ($465.2 ) Tj ET Q q 0 0 0 rg BT 154.69 200.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 176.77 200.50 Td (\). ) Tj ET Q q 0 0 0 rg BT 183.35 200.50 Td (The ) Tj ET Q q 0 0 0 rg BT 198.71 200.50 Td (following ) Tj ET Q q 0 0 0 rg BT 230.96 200.50 Td (table ) Tj ET Q q 0 0 0 rg BT 249.80 200.50 Td (presents ) Tj ET Q q 0 0 0 rg BT 281.62 200.50 Td (the ) Tj ET Q q 0 0 0 rg BT 294.39 200.50 Td (annualized ) Tj ET Q q 0 0 0 rg BT 334.02 200.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 358.90 200.50 Td (of ) Tj ET Q q 0 0 0 rg BT 367.34 200.50 Td (a ) Tj ET Q q 0 0 0 rg BT 373.62 200.50 Td (change ) Tj ET Q q 0 0 0 rg BT 401.11 200.50 Td (in ) Tj ET Q q 0 0 0 rg BT 409.12 200.50 Td (floating ) Tj ET Q q 0 0 0 rg BT 436.18 200.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 463.67 200.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 482.93 200.50 Td (of ) Tj ET Q q 0 0 0 rg BT 491.37 200.50 Td (25 ) Tj ET Q q 0 0 0 rg BT 501.98 200.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 522.11 200.50 Td (points ) Tj ET Q q 0 0 0 rg BT 544.84 200.50 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 189.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 76.79 189.10 Td (costs:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 178.60000000000002 m 153 178.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 163.60000000000002 m 153 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 178.60000000000002 m 390 178.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153 163.60000000000002 m 390 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 178.60000000000002 m 472 178.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 163.60000000000002 m 472 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 178.60000000000002 m 554 178.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 163.60000000000002 m 554 163.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 148.60000000000002 m 153 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 148.60000000000002 m 390 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 148.60000000000002 m 472 148.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 148.60000000000002 m 554 148.60000000000002 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 398.30 168.13 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 168.13 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 153.13 Td (Change of 25 bps) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.50 153.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.40 153.13 Td (1,333) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 153.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 153.13 Td (1,163) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 32) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (COMITTMENTS ) Tj ET Q q 0 0 0 rg BT 108.50 742.10 Td (AND CONTRACTUAL) Tj ET Q q 0 0 0 rg BT 187.10 742.10 Td ( OBLIGA) Tj ET Q q 0 0 0 rg BT 218.99 742.10 Td (TIONS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 724.70 Td (The following is a summary of the REIT's contractual obligations over the next five years at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 364.10 724.70 Td (December31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 432.53 724.70 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 714.2 m 204 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 690.2 m 204 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 714.2 m 274 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 690.2 m 274 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 714.2 m 344 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 690.2 m 344 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 714.2 m 414 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 690.2 m 414 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 714.2 m 484 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 690.2 m 484 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 714.2 m 554 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 690.2 m 554 690.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 606.2 m 204 606.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204 606.2 m 274 606.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274 606.2 m 344 606.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 344 606.2 m 414 606.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414 606.2 m 484 606.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 484 606.2 m 554 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 592.2 m 204 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 592.2 m 274 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 592.2 m 344 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 592.2 m 414 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 592.2 m 484 592.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 592.2 m 554 592.2 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 208.30 704.23 Td (T) Tj ET Q q 0 0 0 rg BT 212.77 704.23 Td (otal contractual) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 234.95 694.73 Td (cash flow) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.15 694.73 Td (2018) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.05 694.73 Td (2019-2020) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 404.30 697.16 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.05 694.73 Td (2021-2022) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 474.30 697.16 Td (\(1\)) Tj ET Q BT /F2 9.50 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Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 327.16 583.70 Td (. ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 574.70 Td (\(2\) Interest rate swap obligations have been calculated as the dif) Tj ET Q q 0 0 0 rg BT 225.15 574.70 Td (ference between the pay-fixed rate and receive-float rate based on the ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 418.35 574.70 Td (December31, 2017) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 472.38 574.70 Td ( floating rate.) 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) Tj ET Q q 0 0 0 rg BT 207.12 448.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 249.92 448.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.45 448.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 290.50 448.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.12 448.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 326.32 448.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 366.53 448.10 Td (under ) Tj ET Q q 0 0 0 rg BT 388.99 448.10 Td (IFRS. ) Tj ET Q q 0 0 0 rg BT 411.27 448.10 Td (The ) Tj ET Q q 0 0 0 rg BT 427.23 448.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 444.84 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.37 448.10 Td (has ) Tj ET Q q 0 0 0 rg BT 462.46 448.10 Td (an ) Tj ET Q q 0 0 0 rg BT 473.66 448.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 501.74 448.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 517.70 448.10 Td (cap ) Tj ET Q q 0 0 0 rg BT 532.79 448.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.17 448.10 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 436.70 Td ($125.0 ) Tj ET Q q 0 0 0 rg BT 75.36 436.70 Td (million ) Tj ET Q q 0 0 0 rg BT 99.47 436.70 Td (notional ) Tj ET Q q 0 0 0 rg BT 128.79 436.70 Td (amount, ) Tj ET Q q 0 0 0 rg BT 158.98 436.70 Td (a ) Tj ET Q q 0 0 0 rg BT 165.34 436.70 Td (strike ) Tj ET Q q 0 0 0 rg BT 185.99 436.70 Td (price ) Tj ET Q q 0 0 0 rg BT 204.91 436.70 Td (of ) Tj ET Q q 0 0 0 rg BT 213.44 436.70 Td (1.90% ) Tj ET Q q 0 0 0 rg BT 237.56 436.70 Td (based ) Tj ET Q q 0 0 0 rg BT 260.82 436.70 Td (on ) Tj ET Q q 0 0 0 rg BT 271.52 436.70 Td (one ) Tj ET Q q 0 0 0 rg BT 286.55 436.70 Td (month ) Tj ET Q q 0 0 0 rg BT 310.23 436.70 Td (bankers ) Tj ET Q q 0 0 0 rg BT 339.98 436.70 Td (acceptances ) Tj ET Q q 0 0 0 rg BT 385.76 436.70 Td (and ) Tj ET Q q 0 0 0 rg BT 400.79 436.70 Td (a ) Tj ET Q q 0 0 0 rg BT 407.16 436.70 Td (maturity ) Tj ET Q q 0 0 0 rg BT 436.90 436.70 Td (of ) Tj ET Q q 0 0 0 rg BT 445.43 436.70 Td (July ) Tj ET Q q 0 0 0 rg BT 461.32 436.70 Td (2018. ) Tj ET Q q 0 0 0 rg BT 482.72 436.70 Td (The ) Tj ET Q q 0 0 0 rg BT 498.17 436.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 514.50 436.70 Td (to ) Tj ET Q q 0 0 0 rg BT 523.03 436.70 Td (the ) Tj ET Q q 0 0 0 rg BT 535.89 436.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 553.50 436.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 425.30 Td (was ) Tj ET Q q 0 0 0 rg BT 65.52 425.30 Td ($0.05 ) Tj ET Q q 0 0 0 rg BT 87.18 425.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 113.46 425.30 Td (The ) Tj ET Q q 0 0 0 rg BT 129.05 425.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 156.76 425.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 172.35 425.30 Td (cap ) Tj ET Q q 0 0 0 rg BT 187.08 425.30 Td (is ) Tj ET Q q 0 0 0 rg BT 194.88 425.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 231.69 425.30 Td (at ) Tj ET Q q 0 0 0 rg BT 240.35 425.30 Td (its ) Tj ET Q q 0 0 0 rg BT 250.31 425.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 263.30 425.30 Td (value. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 407.90 Td (Interest ) Tj ET Q q 0 0 0 rg BT 77.37 407.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 92.67 407.90 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 131.79 407.90 Td (are ) Tj ET Q q 0 0 0 rg BT 144.93 407.90 Td (measured ) Tj ET Q q 0 0 0 rg BT 181.45 407.90 Td (at ) Tj ET Q q 0 0 0 rg BT 189.83 407.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 202.53 407.90 Td (value ) Tj ET Q q 0 0 0 rg BT 223.04 407.90 Td (with ) Tj ET Q q 0 0 0 rg BT 238.77 407.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 251.47 407.90 Td (values ) Tj ET Q q 0 0 0 rg BT 275.87 407.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 311.53 407.90 Td (as ) Tj ET Q q 0 0 0 rg BT 321.64 407.90 Td (the ) Tj ET Q q 0 0 0 rg BT 334.35 407.90 Td (present ) Tj ET Q q 0 0 0 rg BT 362.22 407.90 Td (value ) Tj ET Q q 0 0 0 rg BT 382.72 407.90 Td (of ) Tj ET Q q 0 0 0 rg BT 391.10 407.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 431.09 407.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 449.43 407.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 469.06 407.90 Td (based ) Tj ET Q q 0 0 0 rg BT 492.17 407.90 Td (on ) Tj ET Q q 0 0 0 rg BT 502.71 407.90 Td (forward ) Tj ET Q q 0 0 0 rg BT 530.56 407.90 Td (curves ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 396.50 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 396.50 Td (an ) Tj ET Q q 0 0 0 rg BT 75.50 396.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 112.75 396.50 Td (discount ) Tj ET Q q 0 0 0 rg BT 143.93 396.50 Td (rate. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 93.14 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.68 379.10 Td (year ) Tj ET Q q 0 0 0 rg BT 118.89 379.10 Td (end, ) Tj ET Q q 0 0 0 rg BT 136.10 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.98 379.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 166.59 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.64 379.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 197.11 379.10 Td (into ) Tj ET Q q 0 0 0 rg BT 211.72 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.10 379.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 232.72 379.10 Td (fix ) Tj ET Q q 0 0 0 rg BT 242.56 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.61 379.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 284.77 379.10 Td (float ) Tj ET Q q 0 0 0 rg BT 301.55 379.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 329.15 379.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 344.62 379.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 364.85 379.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.00 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.38 379.10 Td (notional ) Tj ET Q q 0 0 0 rg BT 411.72 379.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 439.75 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.30 379.10 Td ($100.0 ) Tj ET Q q 0 0 0 rg BT 474.18 379.10 Td (million ) Tj ET Q q 0 0 0 rg BT 498.31 379.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 525.91 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 536.62 379.10 Td (June ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 367.70 Td (29, ) Tj ET Q q 0 0 0 rg BT 62.29 367.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 81.58 367.70 Td (with ) Tj ET Q q 0 0 0 rg BT 97.39 367.70 Td (a ) Tj ET Q q 0 0 0 rg BT 103.68 367.70 Td (maturity ) Tj ET Q q 0 0 0 rg BT 133.35 367.70 Td (of ) Tj ET Q q 0 0 0 rg BT 141.81 367.70 Td (June ) Tj ET Q q 0 0 0 rg BT 160.66 367.70 Td (29, ) Tj ET Q q 0 0 0 rg BT 173.45 367.70 Td (2023. ) Tj ET Q q 0 0 0 rg BT 194.78 367.70 Td (This ) Tj ET Q q 0 0 0 rg BT 211.46 367.70 Td (derivative ) Tj ET Q q 0 0 0 rg BT 246.76 367.70 Td (increases ) Tj ET Q q 0 0 0 rg BT 282.07 367.70 Td (the ) Tj ET Q q 0 0 0 rg BT 294.86 367.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 319.95 367.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 338.37 367.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 355.49 367.70 Td (ratio ) Tj ET Q q 0 0 0 rg BT 372.60 367.70 Td (by ) Tj ET Q q 0 0 0 rg BT 382.79 367.70 Td (12.6% ) Tj ET Q q 0 0 0 rg BT 406.84 367.70 Td (on ) Tj ET Q q 0 0 0 rg BT 417.47 367.70 Td (a ) Tj ET Q q 0 0 0 rg BT 423.76 367.70 Td (proforma ) Tj ET Q q 0 0 0 rg BT 456.89 367.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 477.04 367.70 Td (at ) Tj ET Q q 0 0 0 rg BT 485.49 367.70 Td (December ) Tj ET Q q 0 0 0 rg BT 523.38 367.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.18 367.70 Td (2017 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 356.30 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 356.30 Td (reduces ) Tj ET Q q 0 0 0 rg BT 94.55 356.30 Td (the ) Tj ET Q q 0 0 0 rg BT 107.54 356.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 132.84 356.30 Td (exposure ) Tj ET Q q 0 0 0 rg BT 167.06 356.30 Td (to ) Tj ET Q q 0 0 0 rg BT 175.73 356.30 Td (an ) Tj ET Q q 0 0 0 rg BT 186.56 356.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 218.17 356.30 Td (in ) Tj ET Q q 0 0 0 rg BT 226.40 356.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 254.12 356.30 Td (rates. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 338.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 338.90 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 338.90 Td (are ) Tj ET Q q 0 0 0 rg BT 110.99 338.90 Td (the ) Tj ET Q q 0 0 0 rg BT 123.99 338.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 145.64 338.90 Td (and ) Tj ET Q q 0 0 0 rg BT 160.80 338.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 173.79 338.90 Td (values ) Tj ET Q q 0 0 0 rg BT 198.48 338.90 Td (of ) Tj ET Q q 0 0 0 rg BT 207.14 338.90 Td (the ) Tj ET Q q 0 0 0 rg BT 220.14 338.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 245.44 338.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 273.16 338.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 288.75 338.90 Td (swaps: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 322.4 m 144 322.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 322.4 m 226 322.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 322.4 m 308 322.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 308.4 m 308 308.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308 322.4 m 390 322.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 308 308.4 m 390 308.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 322.4 m 472 322.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 308.4 m 472 308.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 322.4 m 554 322.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 308.4 m 554 308.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 294.4 m 144 294.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 144 294.4 m 226 294.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 294.4 m 308 294.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 308 294.4 m 390 294.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 294.4 m 472 294.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 294.4 m 554 294.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 264.4 m 144 264.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 144 264.4 m 226 264.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 264.4 m 144 264.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 249.39999999999998 m 144 249.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 144 264.4 m 226 264.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 144 249.39999999999998 m 226 249.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 226 264.4 m 308 264.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226 249.39999999999998 m 308 249.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 308 264.4 m 390 264.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308 249.39999999999998 m 390 249.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 264.4 m 472 264.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 249.39999999999998 m 472 249.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 264.4 m 554 264.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 249.39999999999998 m 554 249.39999999999998 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.75 312.93 Td (Notional amount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 516.25 312.93 Td (Fair value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 298.93 Td (Maturity date) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 150.90 298.93 Td (Fixed interest rate) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 234.30 298.93 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.05 298.93 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 398.30 298.93 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 298.93 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 283.93 Td (August 14, 2023) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 203.35 283.93 Td (4.60) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.55 283.93 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 228.50 283.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.05 283.93 Td (20,645) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 310.50 283.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 363.05 283.93 Td (21,231) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.50 283.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.90 283.93 Td (81) Tj ET Q q 0 0 0 rg BT 464.57 283.93 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 283.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 283.93 Td (1,765) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 268.93 Td (May 1, 2023) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 203.35 268.93 Td (3.64) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.55 268.93 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.05 268.93 Td (30,254) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 363.05 268.93 Td (22,664) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.30 268.93 Td (\(264) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.90 268.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 268.93 Td (730) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.50 253.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.90 253.93 Td (547) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 253.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 253.93 Td (2,495) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 232.50 Td (The following is a reconciliation of the change in the fair value liability of derivative instruments, which include the REIT's interest rate cap and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (interest rate swaps:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 204.60000000000002 m 389 204.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 189.60000000000002 m 389 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 204.60000000000002 m 471 204.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389 189.60000000000002 m 471 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 204.60000000000002 m 553 204.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471 189.60000000000002 m 553 189.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389 189.60000000000002 m 471 189.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471 189.60000000000002 m 553 189.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 130.60000000000002 m 389 130.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471 130.60000000000002 m 553 130.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 130.60000000000002 m 389 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 115.60000000000002 m 389 115.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389 130.60000000000002 m 471 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 115.60000000000002 m 471 115.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471 130.60000000000002 m 553 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 115.60000000000002 m 553 115.60000000000002 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.30 194.13 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.05 194.13 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 180.13 Td (Balance, beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.50 180.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.40 180.13 Td (2,482) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 473.50 180.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 180.13 Td (3,153) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 165.13 Td (Premiums paid) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.10 165.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.60 165.13 Td (\(52) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 165.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 150.13 Td (Fair value change of interest rate swaps) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.80 150.13 Td (\(1,948) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.90 150.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 150.13 Td (\(658) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 150.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 135.13 Td (Fair value change of interest rate cap) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.55 135.13 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.20 135.13 Td (39) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 120.13 Td (Balance, end of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.50 120.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.90 120.13 Td (538) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 473.50 120.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 120.13 Td (2,482) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 98.70 Td (Changes ) Tj ET Q q 0 0 0 rg BT 82.91 98.70 Td (in ) Tj ET Q q 0 0 0 rg BT 91.21 98.70 Td (the ) Tj ET Q q 0 0 0 rg BT 104.27 98.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 117.33 98.70 Td (value ) Tj ET Q q 0 0 0 rg BT 138.18 98.70 Td (of ) Tj ET Q q 0 0 0 rg BT 146.91 98.70 Td (the ) Tj ET Q q 0 0 0 rg BT 159.98 98.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 187.76 98.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 203.42 98.70 Td (swaps ) Tj ET Q q 0 0 0 rg BT 227.73 98.70 Td (is ) Tj ET Q q 0 0 0 rg BT 235.59 98.70 Td (dependent ) Tj ET Q q 0 0 0 rg BT 274.65 98.70 Td (on ) Tj ET Q q 0 0 0 rg BT 285.54 98.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 317.23 98.70 Td (in ) Tj ET Q q 0 0 0 rg BT 325.53 98.70 Td (the ) Tj ET Q q 0 0 0 rg BT 338.59 98.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 376.77 98.70 Td (swap ) Tj ET Q q 0 0 0 rg BT 397.18 98.70 Td (curve ) Tj ET Q q 0 0 0 rg BT 418.47 98.70 Td (which ) Tj ET Q q 0 0 0 rg BT 440.61 98.70 Td (impacts ) Tj ET Q q 0 0 0 rg BT 469.69 98.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.75 98.70 Td (future ) Tj ET Q q 0 0 0 rg BT 504.91 98.70 Td (expectation ) Tj ET Q q 0 0 0 rg BT 546.99 98.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 87.30 Td (net ) Tj ET Q q 0 0 0 rg BT 62.50 87.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 98.44 87.30 Td (to ) Tj ET Q q 0 0 0 rg BT 107.11 87.30 Td (be ) Tj ET Q q 0 0 0 rg BT 117.94 87.30 Td (made ) Tj ET Q q 0 0 0 rg BT 139.59 87.30 Td (by ) Tj ET Q q 0 0 0 rg BT 149.99 87.30 Td (the ) Tj ET Q q 0 0 0 rg BT 162.99 87.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 180.60 87.30 Td ( ) Tj ET Q q 0 0 0 rg BT 182.76 87.30 Td (over ) Tj ET Q q 0 0 0 rg BT 200.08 87.30 Td (the ) Tj ET Q q 0 0 0 rg BT 213.08 87.30 Td (term ) Tj ET Q q 0 0 0 rg BT 230.83 87.30 Td (to ) Tj ET Q q 0 0 0 rg BT 239.50 87.30 Td (maturity) Tj ET Q q 0 0 0 rg BT 266.63 87.30 Td (. ) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 33) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 91.33 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.49 742.10 Td (CONDITION) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 724.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.01 724.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.35 724.70 Td (s ) Tj ET Q q 0 0 0 rg BT 90.33 724.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 118.38 724.70 Td (sources ) Tj ET Q q 0 0 0 rg BT 147.75 724.70 Td (of ) Tj ET Q q 0 0 0 rg BT 156.33 724.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 180.94 724.70 Td (are ) Tj ET Q q 0 0 0 rg BT 194.28 724.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 212.82 724.70 Td (generated ) Tj ET Q q 0 0 0 rg BT 250.00 724.70 Td (from ) Tj ET Q q 0 0 0 rg BT 267.66 724.70 Td (operating, ) Tj ET Q q 0 0 0 rg BT 304.40 724.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 337.67 724.70 Td (and ) Tj ET Q q 0 0 0 rg BT 352.75 724.70 Td (investing ) Tj ET Q q 0 0 0 rg BT 385.59 724.70 Td (activities. ) Tj ET Q q 0 0 0 rg BT 419.72 724.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 467.28 724.70 Td (expects ) Tj ET Q q 0 0 0 rg BT 496.22 724.70 Td (to ) Tj ET Q q 0 0 0 rg BT 504.80 724.70 Td (meet ) Tj ET Q q 0 0 0 rg BT 524.21 724.70 Td (all ) Tj ET Q q 0 0 0 rg BT 534.09 724.70 Td (of ) Tj ET Q q 0 0 0 rg BT 542.67 724.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 68.84 713.30 Td (s ) Tj ET Q q 0 0 0 rg BT 75.47 713.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 115.46 713.30 Td (through ) Tj ET Q q 0 0 0 rg BT 144.61 713.30 Td (current ) Tj ET Q q 0 0 0 rg BT 171.60 713.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.79 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 206.52 713.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.72 713.30 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 270.04 713.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 289.23 713.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 309.71 713.30 Td (from ) Tj ET Q q 0 0 0 rg BT 328.03 713.30 Td (operations, ) Tj ET Q q 0 0 0 rg BT 369.32 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 382.88 713.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 408.75 713.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 442.67 713.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 464.45 713.30 Td (facility) Tj ET Q q 0 0 0 rg BT 485.53 713.30 Td (, ) Tj ET Q q 0 0 0 rg BT 490.44 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 506.17 713.30 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 547.02 713.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 88.48 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 103.64 701.90 Td (equity) Tj ET Q q 0 0 0 rg BT 123.86 701.90 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 684.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 684.50 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 684.50 Td (table ) Tj ET Q q 0 0 0 rg BT 116.63 684.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 148.24 684.50 Td (an ) Tj ET Q q 0 0 0 rg BT 159.07 684.50 Td (overview ) Tj ET Q q 0 0 0 rg BT 191.98 684.50 Td (of ) Tj ET Q q 0 0 0 rg BT 200.64 684.50 Td (the ) Tj ET Q q 0 0 0 rg BT 213.64 684.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 232.98 684.50 Td (s ) Tj ET Q q 0 0 0 rg BT 239.04 684.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.67 684.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 277.58 684.50 Td (from ) Tj ET Q q 0 0 0 rg BT 295.33 684.50 Td (operating, ) Tj ET Q q 0 0 0 rg BT 332.15 684.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 365.50 684.50 Td (and ) Tj ET Q q 0 0 0 rg BT 380.66 684.50 Td (investing ) Tj ET Q q 0 0 0 rg BT 413.58 684.50 Td (activities: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 674 m 404 674 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 674 m 479 674 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 674 m 554 674 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 646 m 404 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 646 m 479 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 646 m 554 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 590 m 479 590 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 590 m 554 590 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 590 m 404 590 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 576 m 404 576 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 590 m 479 590 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 576 m 479 576 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 590 m 554 590 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 576 m 554 576 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 664.53 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 664.53 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 650.53 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 650.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 636.58 Td (Net change in cash related to:) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.50 622.58 Td (Operating) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 622.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 622.53 Td (41,572) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 622.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 622.53 Td (36,667) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.50 608.58 Td (Investing) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.10 608.53 Td (\(162,531) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 608.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.10 608.53 Td (\(1) Tj ET Q q 0 0 0 rg BT 527.03 608.53 Td (10,495) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 608.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.50 594.58 Td (Financing) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.70 594.53 Td (125,860) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 594.53 Td (69,163) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 580.58 Td (Increase \(decrease\) in cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 406.50 580.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 580.53 Td (4,901) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.50 580.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 580.53 Td (\(4,665) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 580.53 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 559.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 559.10 Td (change ) Tj ET Q q 0 0 0 rg BT 92.82 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.05 559.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.67 559.10 Td (for ) Tj ET Q q 0 0 0 rg BT 130.93 559.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 143.93 559.10 Td (year ) Tj ET Q q 0 0 0 rg BT 161.25 559.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 185.08 559.10 Td (December ) Tj ET Q q 0 0 0 rg BT 223.18 559.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 236.17 559.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 253.50 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.67 559.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 270.83 559.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.16 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.33 559.10 Td (was ) Tj ET Q q 0 0 0 rg BT 306.35 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.35 559.10 Td (result ) Tj ET Q q 0 0 0 rg BT 340.56 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.23 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.23 559.10 Td (following ) Tj ET Q q 0 0 0 rg BT 394.71 559.10 Td (factors: ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 541.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 541.70 Td (Operating ) Tj ET Q q 0 0 0 rg BT 99.96 541.70 Td ( ) Tj ET Q q 0 0 0 rg BT 106.54 541.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 125.24 541.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 145.24 541.70 Td (for ) Tj ET Q q 0 0 0 rg BT 156.57 541.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 169.65 541.70 Td (year ) Tj ET Q q 0 0 0 rg BT 187.05 541.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 210.96 541.70 Td (December ) Tj ET Q q 0 0 0 rg BT 249.14 541.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 262.21 541.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 279.54 541.70 Td ( ) Tj ET Q q 0 0 0 rg BT 281.79 541.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 317.82 541.70 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 328.29 541.70 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 345.70 541.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 367.78 541.70 Td ( ) Tj ET Q q 0 0 0 rg BT 370.02 541.70 Td (when ) Tj ET Q q 0 0 0 rg BT 390.89 541.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 427.77 541.70 Td (to ) Tj ET Q q 0 0 0 rg BT 436.52 541.70 Td (the ) Tj ET Q q 0 0 0 rg BT 449.60 541.70 Td (same ) Tj ET Q q 0 0 0 rg BT 470.89 541.70 Td (period ) Tj ET Q q 0 0 0 rg BT 494.79 541.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 503.10 541.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.43 541.70 Td (. ) Tj ET Q q 0 0 0 rg BT 524.84 541.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 540.94 541.70 Td (has ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 530.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 99.62 530.30 Td (period ) Tj ET Q q 0 0 0 rg BT 123.62 530.30 Td (over ) Tj ET Q q 0 0 0 rg BT 141.12 530.30 Td (period ) Tj ET Q q 0 0 0 rg BT 165.11 530.30 Td (from ) Tj ET Q q 0 0 0 rg BT 183.04 530.30 Td (contributions ) Tj ET Q q 0 0 0 rg BT 229.56 530.30 Td (from ) Tj ET Q q 0 0 0 rg BT 247.48 530.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 286.64 530.30 Td (activity ) Tj ET Q q 0 0 0 rg BT 312.80 530.30 Td (of) Tj ET Q q 0 0 0 rg BT 319.16 530.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 334.07 530.30 Td (by ) Tj ET Q q 0 0 0 rg BT 344.64 530.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 368.64 530.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 396.53 530.30 Td (and ) Tj ET Q q 0 0 0 rg BT 411.87 530.30 Td (finance ) Tj ET Q q 0 0 0 rg BT 439.34 530.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 459.87 530.30 Td (incurred ) Tj ET Q q 0 0 0 rg BT 490.36 530.30 Td (to ) Tj ET Q q 0 0 0 rg BT 499.20 530.30 Td (partially ) Tj ET Q q 0 0 0 rg BT 528.39 530.30 Td (finance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 518.90 Td (the ) Tj ET Q q 0 0 0 rg BT 76.50 518.90 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 121.54 518.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 501.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 501.50 Td (Investing ) Tj ET Q q 0 0 0 rg BT 96.94 501.50 Td ( ) Tj ET Q q 0 0 0 rg BT 103.53 501.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 122.24 501.50 Td (outflows ) Tj ET Q q 0 0 0 rg BT 153.08 501.50 Td (for ) Tj ET Q q 0 0 0 rg BT 164.43 501.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 177.51 501.50 Td (year ) Tj ET Q q 0 0 0 rg BT 194.92 501.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 218.84 501.50 Td (December ) Tj ET Q q 0 0 0 rg BT 257.03 501.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 270.11 501.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 287.44 501.50 Td ( ) Tj ET Q q 0 0 0 rg BT 289.70 501.50 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 308.84 501.50 Td ($162.5 ) Tj ET Q q 0 0 0 rg BT 334.92 501.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.00 501.50 Td ( ) Tj ET Q q 0 0 0 rg BT 359.25 501.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 396.15 501.50 Td (to ) Tj ET Q q 0 0 0 rg BT 404.90 501.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 423.62 501.50 Td (outflows ) Tj ET Q q 0 0 0 rg BT 454.45 501.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.21 501.50 Td ($1) Tj ET Q q 0 0 0 rg BT 471.30 501.50 Td (10.5 ) Tj ET Q q 0 0 0 rg BT 488.72 501.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 510.80 501.50 Td ( ) Tj ET Q q 0 0 0 rg BT 513.05 501.50 Td (in ) Tj ET Q q 0 0 0 rg BT 521.37 501.50 Td (the ) Tj ET Q q 0 0 0 rg BT 534.46 501.50 Td (same ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 490.10 Td (period ) Tj ET Q q 0 0 0 rg BT 87.05 490.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 95.01 490.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 112.34 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 116.28 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 131.60 490.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 149.95 490.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 180.42 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.38 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.11 490.10 Td (current ) Tj ET Q q 0 0 0 rg BT 227.25 490.10 Td (year ) Tj ET Q q 0 0 0 rg BT 244.30 490.10 Td (were ) Tj ET Q q 0 0 0 rg BT 263.07 490.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 298.75 490.10 Td (due ) Tj ET Q q 0 0 0 rg BT 313.64 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.03 490.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 364.64 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.38 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.61 490.10 Td (net ) Tj ET Q q 0 0 0 rg BT 399.34 490.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 417.69 490.10 Td (outflow ) Tj ET Q q 0 0 0 rg BT 444.27 490.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.66 490.10 Td ($102.0 ) Tj ET Q q 0 0 0 rg BT 478.38 490.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 500.46 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 504.40 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 519.72 490.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 537.33 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.23 490.10 Td (also ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 478.70 Td (spent ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 84.30 478.70 Td ($24.4 ) Tj ET Q q 0 0 0 rg BT 105.53 478.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 127.61 478.70 Td ( ) Tj ET Q q 0 0 0 rg BT 129.35 478.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 144.08 478.70 Td ($40.0 ) Tj ET Q q 0 0 0 rg BT 165.32 478.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 187.40 478.70 Td ( ) Tj ET Q q 0 0 0 rg BT 189.13 478.70 Td (in ) Tj ET Q q 0 0 0 rg BT 196.94 478.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 216.00 478.70 Td (on ) Tj ET Q q 0 0 0 rg BT 226.41 478.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 250.67 478.70 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 297.02 478.70 Td (and ) Tj ET Q q 0 0 0 rg BT 311.75 478.70 Td (direct ) Tj ET Q q 0 0 0 rg BT 332.54 478.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 358.97 478.70 Td (costs, ) Tj ET Q q 0 0 0 rg BT 381.06 478.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 421.63 478.70 Td (, ) Tj ET Q q 0 0 0 rg BT 425.53 478.70 Td (adding ) Tj ET Q q 0 0 0 rg BT 450.66 478.70 Td (value ) Tj ET Q q 0 0 0 rg BT 471.03 478.70 Td (to ) Tj ET Q q 0 0 0 rg BT 479.26 478.70 Td (the ) Tj ET Q q 0 0 0 rg BT 491.83 478.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 516.71 478.70 Td (properties.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 461.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 461.30 Td (Financing ) Tj ET Q q 0 0 0 rg BT 99.31 461.30 Td ( ) Tj ET Q q 0 0 0 rg BT 105.67 461.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 124.16 461.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 143.94 461.30 Td (for ) Tj ET Q q 0 0 0 rg BT 155.06 461.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 167.92 461.30 Td (year ) Tj ET Q q 0 0 0 rg BT 185.11 461.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 208.80 461.30 Td (December ) Tj ET Q q 0 0 0 rg BT 246.76 461.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 259.63 461.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 276.96 461.30 Td ( ) Tj ET Q q 0 0 0 rg BT 278.99 461.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 310.44 461.30 Td (relate ) Tj ET Q q 0 0 0 rg BT 331.96 461.30 Td (to ) Tj ET Q q 0 0 0 rg BT 340.49 461.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 374.57 461.30 Td (from ) Tj ET Q q 0 0 0 rg BT 392.18 461.30 Td (the ) Tj ET Q q 0 0 0 rg BT 405.05 461.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 427.87 461.30 Td (of) Tj ET Q q 0 0 0 rg BT 434.23 461.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 455.75 461.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 493.73 461.30 Td (in ) Tj ET Q q 0 0 0 rg BT 501.82 461.30 Td (March ) Tj ET Q q 0 0 0 rg BT 525.49 461.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 547.02 461.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 449.90 Td ($123.3 ) Tj ET Q q 0 0 0 rg BT 89.50 449.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 111.57 449.90 Td ( ) Tj ET Q q 0 0 0 rg BT 113.74 449.90 Td (less ) Tj ET Q q 0 0 0 rg BT 129.76 449.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 162.68 449.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 183.03 449.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 191.70 449.90 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 209.03 449.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.11 449.90 Td (. ) Tj ET Q q 0 0 0 rg BT 235.30 449.90 Td (The ) Tj ET Q q 0 0 0 rg BT 250.89 449.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 273.85 449.90 Td (of) Tj ET Q q 0 0 0 rg BT 280.22 449.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 301.87 449.90 Td (was ) Tj ET Q q 0 0 0 rg BT 317.89 449.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 356.00 449.90 Td (to ) Tj ET Q q 0 0 0 rg BT 364.67 449.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 391.96 449.90 Td (a ) Tj ET Q q 0 0 0 rg BT 398.46 449.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 424.44 449.90 Td (of ) Tj ET Q q 0 0 0 rg BT 433.11 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 446.11 449.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 471.41 449.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 514.28 449.90 Td (in ) Tj ET Q q 0 0 0 rg BT 522.51 449.90 Td (2017. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 432.50 Td (EQUITY) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.82 415.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.42 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.32 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 91.83 415.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 130.11 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.50 415.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 158.58 415.10 Td (an ) Tj ET Q q 0 0 0 rg BT 169.14 415.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 202.21 415.10 Td (number ) Tj ET Q q 0 0 0 rg BT 230.51 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.90 415.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 255.95 415.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 276.46 415.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 296.11 415.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 313.16 415.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 327.61 415.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 366.31 415.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.54 415.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 420.34 415.10 Td (undivided ) Tj ET Q q 0 0 0 rg BT 455.58 415.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 490.39 415.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 517.83 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.72 415.10 Td (voting ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 403.70 Td (right ) Tj ET Q q 0 0 0 rg BT 66.47 403.70 Td (in ) Tj ET Q q 0 0 0 rg BT 74.35 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 87.00 403.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 104.61 403.70 Td ( ) Tj ET Q q 0 0 0 rg BT 106.43 403.70 Td (and ) Tj ET Q q 0 0 0 rg BT 121.24 403.70 Td (entitles ) Tj ET Q q 0 0 0 rg BT 147.75 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 160.40 403.70 Td (holder ) Tj ET Q q 0 0 0 rg BT 183.87 403.70 Td (to ) Tj ET Q q 0 0 0 rg BT 192.19 403.70 Td (an ) Tj ET Q q 0 0 0 rg BT 202.67 403.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 223.55 403.70 Td (participation ) Tj ET Q q 0 0 0 rg BT 267.37 403.70 Td (in ) Tj ET Q q 0 0 0 rg BT 275.25 403.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 318.64 403.70 Td (of ) Tj ET Q q 0 0 0 rg BT 326.96 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 339.61 403.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 356.49 403.70 Td (. ) Tj ET Q q 0 0 0 rg BT 360.36 403.70 Td (The ) Tj ET Q q 0 0 0 rg BT 375.60 403.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 392.57 403.70 Td (units ) Tj ET Q q 0 0 0 rg BT 410.85 403.70 Td (are ) Tj ET Q q 0 0 0 rg BT 423.93 403.70 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 466.88 403.70 Td (at ) Tj ET Q q 0 0 0 rg BT 475.20 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 487.85 403.70 Td (option ) Tj ET Q q 0 0 0 rg BT 510.89 403.70 Td (of ) Tj ET Q q 0 0 0 rg BT 519.21 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 531.86 403.70 Td (holder ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 392.30 Td (at ) Tj ET Q q 0 0 0 rg BT 58.17 392.30 Td (any ) Tj ET Q q 0 0 0 rg BT 72.89 392.30 Td (time. ) Tj ET Q q 0 0 0 rg BT 91.81 392.30 Td (The ) Tj ET Q q 0 0 0 rg BT 107.40 392.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 124.72 392.30 Td (units ) Tj ET Q q 0 0 0 rg BT 143.35 392.30 Td (are ) Tj ET Q q 0 0 0 rg BT 156.77 392.30 Td (traded ) Tj ET Q q 0 0 0 rg BT 181.03 392.30 Td (on ) Tj ET Q q 0 0 0 rg BT 191.86 392.30 Td (the ) Tj ET Q q 0 0 0 rg BT 204.72 392.30 Td (TSX ) Tj ET Q q 0 0 0 rg BT 222.04 392.30 Td (with ) Tj ET Q q 0 0 0 rg BT 238.06 392.30 Td (a ) Tj ET Q q 0 0 0 rg BT 244.56 392.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 270.98 392.30 Td (ask ) Tj ET Q q 0 0 0 rg BT 285.27 392.30 Td (price ) Tj ET Q q 0 0 0 rg BT 304.32 392.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.99 392.30 Td ($8.15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.48 392.30 Td ( ) Tj ET Q q 0 0 0 rg BT 334.65 392.30 Td (as ) Tj ET Q q 0 0 0 rg BT 345.04 392.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 353.71 392.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 404.81 392.30 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 422.14 392.30 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 374.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.80 374.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.41 374.90 Td ( ) Tj ET Q q 0 0 0 rg BT 84.29 374.90 Td (is ) Tj ET Q q 0 0 0 rg BT 91.80 374.90 Td (also ) Tj ET Q q 0 0 0 rg BT 107.97 374.90 Td (authorized ) Tj ET Q q 0 0 0 rg BT 146.23 374.90 Td (to ) Tj ET Q q 0 0 0 rg BT 154.61 374.90 Td (create ) Tj ET Q q 0 0 0 rg BT 178.15 374.90 Td (and ) Tj ET Q q 0 0 0 rg BT 193.02 374.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 213.09 374.90 Td (an ) Tj ET Q q 0 0 0 rg BT 223.64 374.90 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 256.69 374.90 Td (number ) Tj ET Q q 0 0 0 rg BT 284.99 374.90 Td (of ) Tj ET Q q 0 0 0 rg BT 293.37 374.90 Td (preferred ) Tj ET Q q 0 0 0 rg BT 326.85 374.90 Td (units, ) Tj ET Q q 0 0 0 rg BT 347.36 374.90 Td (in ) Tj ET Q q 0 0 0 rg BT 355.30 374.90 Td (one ) Tj ET Q q 0 0 0 rg BT 370.18 374.90 Td (or ) Tj ET Q q 0 0 0 rg BT 378.99 374.90 Td (more ) Tj ET Q q 0 0 0 rg BT 398.61 374.90 Td (classes ) Tj ET Q q 0 0 0 rg BT 426.48 374.90 Td (comprised ) Tj ET Q q 0 0 0 rg BT 464.29 374.90 Td (of ) Tj ET Q q 0 0 0 rg BT 472.67 374.90 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 505.73 374.90 Td (series, ) Tj ET Q q 0 0 0 rg BT 530.56 374.90 Td (having ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 363.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 71.15 363.50 Td (and ) Tj ET Q q 0 0 0 rg BT 86.31 363.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 123.56 363.50 Td (as ) Tj ET Q q 0 0 0 rg BT 133.95 363.50 Td (may ) Tj ET Q q 0 0 0 rg BT 150.84 363.50 Td (be ) Tj ET Q q 0 0 0 rg BT 161.67 363.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 202.81 363.50 Td (by ) Tj ET Q q 0 0 0 rg BT 213.21 363.50 Td (the ) Tj ET Q q 0 0 0 rg BT 226.21 363.50 Td (Board ) Tj ET Q q 0 0 0 rg BT 249.16 363.50 Td (of ) Tj ET Q q 0 0 0 rg BT 257.69 363.50 Td (T) Tj ET Q q 0 0 0 rg BT 262.17 363.50 Td (rustees ) Tj ET Q q 0 0 0 rg BT 289.88 363.50 Td (from ) Tj ET Q q 0 0 0 rg BT 307.63 363.50 Td (time ) Tj ET Q q 0 0 0 rg BT 324.52 363.50 Td (to ) Tj ET Q q 0 0 0 rg BT 333.18 363.50 Td (time. ) Tj ET Q q 0 0 0 rg BT 352.10 363.50 Td (There ) Tj ET Q q 0 0 0 rg BT 374.62 363.50 Td (have ) Tj ET Q q 0 0 0 rg BT 393.68 363.50 Td (been ) Tj ET Q q 0 0 0 rg BT 413.17 363.50 Td (no ) Tj ET Q q 0 0 0 rg BT 424.01 363.50 Td (preferred ) Tj ET Q q 0 0 0 rg BT 457.78 363.50 Td (units ) Tj ET Q q 0 0 0 rg BT 476.41 363.50 Td (created ) Tj ET Q q 0 0 0 rg BT 504.56 363.50 Td (or ) Tj ET Q q 0 0 0 rg BT 513.65 363.50 Td (issued.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (On ) Tj ET Q q 0 0 0 rg BT 61.95 346.10 Td (March ) Tj ET Q q 0 0 0 rg BT 85.66 346.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 98.54 346.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 120.10 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.99 346.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 150.60 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.65 346.10 Td (issued ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 177.23 346.10 Td (14,820,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 216.23 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.28 346.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 261.91 346.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 291.25 346.10 Td (at ) Tj ET Q q 0 0 0 rg BT 299.81 346.10 Td (an ) Tj ET Q q 0 0 0 rg BT 310.53 346.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 343.34 346.10 Td (price ) Tj ET Q q 0 0 0 rg BT 362.28 346.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 370.84 346.10 Td ($8.10) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.34 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.39 346.10 Td (per ) Tj ET Q q 0 0 0 rg BT 405.71 346.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 422.50 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.65 346.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 454.75 346.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 488.86 346.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 497.42 346.10 Td ($120.0 ) Tj ET Q q 0 0 0 rg BT 523.30 346.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.38 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.44 346.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 334.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 89.31 334.70 Td (with ) Tj ET Q q 0 0 0 rg BT 105.28 334.70 Td (the ) Tj ET Q q 0 0 0 rg BT 118.23 334.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 157.17 334.70 Td (of ) Tj ET Q q 0 0 0 rg BT 165.79 334.70 Td (three ) Tj ET Q q 0 0 0 rg BT 185.66 334.70 Td (of) Tj ET Q q 0 0 0 rg BT 192.03 334.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 206.28 334.70 Td (properties, ) Tj ET Q q 0 0 0 rg BT 245.21 334.70 Td (W) Tj ET Q q 0 0 0 rg BT 252.42 334.70 Td (est ) Tj ET Q q 0 0 0 rg BT 264.94 334.70 Td (Metro ) Tj ET Q q 0 0 0 rg BT 286.98 334.70 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 323.73 334.70 Td (Centre ) Tj ET Q q 0 0 0 rg BT 349.24 334.70 Td (in ) Tj ET Q q 0 0 0 rg BT 357.42 334.70 Td (Etobicoke, ) Tj ET Q q 0 0 0 rg BT 395.92 334.70 Td (ON ) Tj ET Q q 0 0 0 rg BT 409.73 334.70 Td (and ) Tj ET Q q 0 0 0 rg BT 424.85 334.70 Td (250 ) Tj ET Q q 0 0 0 rg BT 439.97 334.70 Td (King ) Tj ET Q q 0 0 0 rg BT 457.68 334.70 Td (Street ) Tj ET Q q 0 0 0 rg BT 480.59 334.70 Td (and ) Tj ET Q q 0 0 0 rg BT 495.70 334.70 Td (460 ) Tj ET Q q 0 0 0 rg BT 510.69 334.70 Td (T) Tj ET Q q 0 0 0 rg BT 515.02 334.70 Td (wo ) Tj ET Q q 0 0 0 rg BT 527.10 334.70 Td (Nations ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 323.30 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 82.77 323.30 Td (in ) Tj ET Q q 0 0 0 rg BT 91.36 323.30 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 135.46 323.30 Td (NB. ) Tj ET Q q 0 0 0 rg BT 150.97 323.30 Td ( ) Tj ET Q q 0 0 0 rg BT 153.34 323.30 Td (The ) Tj ET Q q 0 0 0 rg BT 169.29 323.30 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 212.53 323.30 Td (closed ) Tj ET Q q 0 0 0 rg BT 237.58 323.30 Td (on ) Tj ET Q q 0 0 0 rg BT 248.28 323.30 Td (April ) Tj ET Q q 0 0 0 rg BT 266.39 323.30 Td (25, ) Tj ET Q q 0 0 0 rg BT 279.75 323.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 299.61 323.30 Td (and ) Tj ET Q q 0 0 0 rg BT 315.14 323.30 Td (the ) Tj ET Q q 0 0 0 rg BT 328.50 323.30 Td (subscription ) Tj ET Q q 0 0 0 rg BT 372.60 323.30 Td (receipts ) Tj ET Q q 0 0 0 rg BT 402.41 323.30 Td (were ) Tj ET Q q 0 0 0 rg BT 421.82 323.30 Td (converted ) Tj ET Q q 0 0 0 rg BT 458.57 323.30 Td (into ) Tj ET Q q 0 0 0 rg BT 473.66 323.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 491.34 323.30 Td (units ) Tj ET Q q 0 0 0 rg BT 510.33 323.30 Td (on ) Tj ET Q q 0 0 0 rg BT 521.52 323.30 Td (this ) Tj ET Q q 0 0 0 rg BT 536.18 323.30 Td (date. ) Tj ET Q q 0 0 0 rg BT 555.68 323.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 311.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.41 311.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.01 311.90 Td ( ) Tj ET Q q 0 0 0 rg BT 83.50 311.90 Td (also ) Tj ET Q q 0 0 0 rg BT 99.27 311.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 136.69 311.90 Td (a ) Tj ET Q q 0 0 0 rg BT 142.51 311.90 Td (private ) Tj ET Q q 0 0 0 rg BT 167.37 311.90 Td (placement ) Tj ET Q q 0 0 0 rg BT 204.80 311.90 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.37 311.90 Td (1,234,568) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.03 311.90 Td ( ) Tj ET Q q 0 0 0 rg BT 251.52 311.90 Td (units ) Tj ET Q q 0 0 0 rg BT 269.45 311.90 Td (at ) Tj ET Q q 0 0 0 rg BT 277.43 311.90 Td (an ) Tj ET Q q 0 0 0 rg BT 287.58 311.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 319.81 311.90 Td (price ) Tj ET Q q 0 0 0 rg BT 338.18 311.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 346.16 311.90 Td ($8.10) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.65 311.90 Td ( ) Tj ET Q q 0 0 0 rg BT 367.14 311.90 Td (for ) Tj ET Q q 0 0 0 rg BT 377.71 311.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 398.24 311.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 431.77 311.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 439.75 311.90 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 460.73 311.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.80 311.90 Td ( ) Tj ET Q q 0 0 0 rg BT 484.29 311.90 Td (when ) Tj ET Q q 0 0 0 rg BT 504.39 311.90 Td (the ) Tj ET Q q 0 0 0 rg BT 516.70 311.90 Td (acquisition ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 300.50 Td (closed.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (On ) Tj ET Q q 0 0 0 rg BT 62.00 283.10 Td (June ) Tj ET Q q 0 0 0 rg BT 81.00 283.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 93.93 283.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 115.53 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.46 283.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 146.07 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.18 283.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 186.23 283.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.66 283.10 Td (bought ) Tj ET Q q 0 0 0 rg BT 218.59 283.10 Td (deal ) Tj ET Q q 0 0 0 rg BT 235.42 283.10 Td (of) Tj ET Q q 0 0 0 rg BT 241.79 283.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 263.38 283.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 271.98 283.10 Td (4,531,137) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.64 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.74 283.10 Td (units ) Tj ET Q q 0 0 0 rg BT 327.31 283.10 Td (at ) Tj ET Q q 0 0 0 rg BT 335.91 283.10 Td (an ) Tj ET Q q 0 0 0 rg BT 346.68 283.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 379.53 283.10 Td (price ) Tj ET Q q 0 0 0 rg BT 398.52 283.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 407.12 283.10 Td ($7.85) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.62 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.72 283.10 Td (per ) Tj ET Q q 0 0 0 rg BT 442.08 283.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 458.91 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.11 283.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 491.26 283.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 525.41 283.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.02 283.10 Td ($35.6 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 271.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 71.58 271.70 Td (. ) Tj ET Q q 0 0 0 rg BT 76.07 271.70 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 111.31 271.70 Td (from ) Tj ET Q q 0 0 0 rg BT 129.23 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 142.39 271.70 Td (of) Tj ET Q q 0 0 0 rg BT 148.75 271.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 170.57 271.70 Td (were ) Tj ET Q q 0 0 0 rg BT 189.78 271.70 Td (initially ) Tj ET Q q 0 0 0 rg BT 215.49 271.70 Td (used ) Tj ET Q q 0 0 0 rg BT 234.71 271.70 Td (to ) Tj ET Q q 0 0 0 rg BT 243.54 271.70 Td (repay ) Tj ET Q q 0 0 0 rg BT 265.36 271.70 Td (debt, ) Tj ET Q q 0 0 0 rg BT 285.02 271.70 Td (but ) Tj ET Q q 0 0 0 rg BT 298.18 271.70 Td (redrawn ) Tj ET Q q 0 0 0 rg BT 328.65 271.70 Td (in ) Tj ET Q q 0 0 0 rg BT 337.04 271.70 Td (part ) Tj ET Q q 0 0 0 rg BT 352.79 271.70 Td (to ) Tj ET Q q 0 0 0 rg BT 361.62 271.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 389.08 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 402.24 271.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 441.38 271.70 Td (of ) Tj ET Q q 0 0 0 rg BT 450.21 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 463.37 271.70 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 496.44 271.70 Td (Complex ) Tj ET Q q 0 0 0 rg BT 529.51 271.70 Td (and ) Tj ET Q q 0 0 0 rg BT 544.84 271.70 Td (an ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 260.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 85.08 260.30 Td (19% ) Tj ET Q q 0 0 0 rg BT 102.89 260.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 140.62 260.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 168.40 260.30 Td (in ) Tj ET Q q 0 0 0 rg BT 176.69 260.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 188.44 260.30 Td (John's ) Tj ET Q q 0 0 0 rg BT 212.95 260.30 Td (Places. ) Tj ET Q q 0 0 0 rg BT 240.72 260.30 Td (In ) Tj ET Q q 0 0 0 rg BT 249.45 260.30 Td (connection ) Tj ET Q q 0 0 0 rg BT 289.36 260.30 Td (with ) Tj ET Q q 0 0 0 rg BT 305.43 260.30 Td (the ) Tj ET Q q 0 0 0 rg BT 318.49 260.30 Td (of) Tj ET Q q 0 0 0 rg BT 324.85 260.30 Td (fering, ) Tj ET Q q 0 0 0 rg BT 348.73 260.30 Td (a ) Tj ET Q q 0 0 0 rg BT 355.29 260.30 Td (secondary ) Tj ET Q q 0 0 0 rg BT 393.46 260.30 Td (of) Tj ET Q q 0 0 0 rg BT 399.82 260.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 421.53 260.30 Td (of ) Tj ET Q q 0 0 0 rg BT 430.26 260.30 Td (1,838,863 ) Tj ET Q q 0 0 0 rg BT 467.14 260.30 Td (units ) Tj ET Q q 0 0 0 rg BT 485.83 260.30 Td (of ) Tj ET Q q 0 0 0 rg BT 494.55 260.30 Td (Subcore ) Tj ET Q q 0 0 0 rg BT 525.79 260.30 Td (Equities ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 248.90 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 66.40 248.90 Td (a ) Tj ET Q q 0 0 0 rg BT 72.89 248.90 Td (private ) Tj ET Q q 0 0 0 rg BT 98.44 248.90 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 141.75 248.90 Td (for ) Tj ET Q q 0 0 0 rg BT 153.01 248.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 174.23 248.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 208.44 248.90 Td (of ) Tj ET Q q 0 0 0 rg BT 217.11 248.90 Td ($14.4 ) Tj ET Q q 0 0 0 rg BT 238.77 248.90 Td (million ) Tj ET Q q 0 0 0 rg BT 263.02 248.90 Td (was ) Tj ET Q q 0 0 0 rg BT 279.03 248.90 Td (completed. ) Tj ET Q q 0 0 0 rg BT 319.18 248.90 Td (The ) Tj ET Q q 0 0 0 rg BT 334.77 248.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 352.38 248.90 Td ( ) Tj ET Q q 0 0 0 rg BT 354.54 248.90 Td (received ) Tj ET Q q 0 0 0 rg BT 386.16 248.90 Td (no ) Tj ET Q q 0 0 0 rg BT 396.99 248.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 431.20 248.90 Td (from ) Tj ET Q q 0 0 0 rg BT 448.95 248.90 Td (the ) Tj ET Q q 0 0 0 rg BT 461.95 248.90 Td (secondary ) Tj ET Q q 0 0 0 rg BT 500.06 248.90 Td (of) Tj ET Q q 0 0 0 rg BT 506.43 248.90 Td (fering.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 231.50 Td (On ) Tj ET Q q 0 0 0 rg BT 62.46 231.50 Td (September ) Tj ET Q q 0 0 0 rg BT 103.14 231.50 Td (7, ) Tj ET Q q 0 0 0 rg BT 112.20 231.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 134.27 231.50 Td (the ) Tj ET Q q 0 0 0 rg BT 147.67 231.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 165.28 231.50 Td ( ) Tj ET Q q 0 0 0 rg BT 167.84 231.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 206.36 231.50 Td (a ) Tj ET Q q 0 0 0 rg BT 213.26 231.50 Td (bought ) Tj ET Q q 0 0 0 rg BT 239.65 231.50 Td (deal ) Tj ET Q q 0 0 0 rg BT 256.95 231.50 Td (of) Tj ET Q q 0 0 0 rg BT 263.31 231.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 285.37 231.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 294.43 231.50 Td (6,104,500) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.09 231.50 Td ( ) Tj ET Q q 0 0 0 rg BT 331.66 231.50 Td (units ) Tj ET Q q 0 0 0 rg BT 350.69 231.50 Td (at ) Tj ET Q q 0 0 0 rg BT 359.75 231.50 Td (an ) Tj ET Q q 0 0 0 rg BT 370.99 231.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 404.30 231.50 Td (price ) Tj ET Q q 0 0 0 rg BT 423.76 231.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 432.82 231.50 Td ($8.45) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.32 231.50 Td (, ) Tj ET Q q 0 0 0 rg BT 457.05 231.50 Td (for ) Tj ET Q q 0 0 0 rg BT 468.71 231.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 490.33 231.50 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 524.95 231.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.01 231.50 Td ($51.6 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 71.58 220.10 Td (. ) Tj ET Q q 0 0 0 rg BT 76.20 220.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 111.57 220.10 Td (from ) Tj ET Q q 0 0 0 rg BT 129.61 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.89 220.10 Td (of) Tj ET Q q 0 0 0 rg BT 149.26 220.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 171.20 220.10 Td (were ) Tj ET Q q 0 0 0 rg BT 190.54 220.10 Td (used ) Tj ET Q q 0 0 0 rg BT 209.89 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.85 220.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 246.43 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.71 220.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 298.98 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.94 220.10 Td (365 ) Tj ET Q q 0 0 0 rg BT 323.39 220.10 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 357.89 220.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 369.87 220.10 Td (from ) Tj ET Q q 0 0 0 rg BT 387.91 220.10 Td (SMC ) Tj ET Q q 0 0 0 rg BT 407.67 220.10 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.22 220.10 Td ($12.3 ) Tj ET Q q 0 0 0 rg BT 441.17 220.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.25 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.71 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.16 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.45 220.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 533.72 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.68 220.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 208.70 Td (remaining ) Tj ET Q q 0 0 0 rg BT 85.23 208.70 Td (51% ) Tj ET Q q 0 0 0 rg BT 102.35 208.70 Td (of ) Tj ET Q q 0 0 0 rg BT 110.37 208.70 Td (the ) Tj ET Q q 0 0 0 rg BT 122.73 208.70 Td (St. ) Tj ET Q q 0 0 0 rg BT 133.78 208.70 Td (John's ) Tj ET Q q 0 0 0 rg BT 157.59 208.70 Td (Places, ) Tj ET Q q 0 0 0 rg BT 184.66 208.70 Td (increasing ) Tj ET Q q 0 0 0 rg BT 221.70 208.70 Td (the ) Tj ET Q q 0 0 0 rg BT 234.05 208.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 258.71 208.70 Td (ownership ) Tj ET Q q 0 0 0 rg BT 295.74 208.70 Td (to ) Tj ET Q q 0 0 0 rg BT 303.76 208.70 Td (100%. ) Tj ET Q q 0 0 0 rg BT 327.38 208.70 Td (Consideration ) Tj ET Q q 0 0 0 rg BT 376.97 208.70 Td (for ) Tj ET Q q 0 0 0 rg BT 387.58 208.70 Td (this ) Tj ET Q q 0 0 0 rg BT 401.23 208.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 439.57 208.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.95 208.70 Td ($73.4 ) Tj ET Q q 0 0 0 rg BT 475.97 208.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 498.05 208.70 Td ( ) Tj ET Q q 0 0 0 rg BT 499.57 208.70 Td (plus ) Tj ET Q q 0 0 0 rg BT 515.39 208.70 Td (transaction ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 197.30 Td (costs. ) Tj ET Q q 0 0 0 rg BT 71.67 197.30 Td (The ) Tj ET Q q 0 0 0 rg BT 87.04 197.30 Td (remainder ) Tj ET Q q 0 0 0 rg BT 124.04 197.30 Td (of ) Tj ET Q q 0 0 0 rg BT 132.48 197.30 Td (the ) Tj ET Q q 0 0 0 rg BT 145.25 197.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 179.24 197.30 Td (from ) Tj ET Q q 0 0 0 rg BT 196.76 197.30 Td (the ) Tj ET Q q 0 0 0 rg BT 209.53 197.30 Td (of) Tj ET Q q 0 0 0 rg BT 215.90 197.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 237.32 197.30 Td (were ) Tj ET Q q 0 0 0 rg BT 256.14 197.30 Td (used ) Tj ET Q q 0 0 0 rg BT 274.98 197.30 Td (to ) Tj ET Q q 0 0 0 rg BT 283.41 197.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 297.91 197.30 Td (down ) Tj ET Q q 0 0 0 rg BT 318.47 197.30 Td (the ) Tj ET Q q 0 0 0 rg BT 331.24 197.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 356.32 197.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 389.43 197.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 410.42 197.30 Td (and ) Tj ET Q q 0 0 0 rg BT 425.36 197.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 459.78 197.30 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 491.60 197.30 Td (In ) Tj ET Q q 0 0 0 rg BT 500.04 197.30 Td (connection ) Tj ET Q q 0 0 0 rg BT 539.66 197.30 Td (with ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 185.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.38 185.90 Td (of) Tj ET Q q 0 0 0 rg BT 68.75 185.90 Td (fering, ) Tj ET Q q 0 0 0 rg BT 92.45 185.90 Td (a ) Tj ET Q q 0 0 0 rg BT 98.84 185.90 Td (secondary ) Tj ET Q q 0 0 0 rg BT 136.84 185.90 Td (of) Tj ET Q q 0 0 0 rg BT 143.20 185.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 164.74 185.90 Td (of ) Tj ET Q q 0 0 0 rg BT 173.29 185.90 Td (795,500 ) Tj ET Q q 0 0 0 rg BT 203.51 185.90 Td (units ) Tj ET Q q 0 0 0 rg BT 222.02 185.90 Td (of ) Tj ET Q q 0 0 0 rg BT 230.57 185.90 Td (Subcore ) Tj ET Q q 0 0 0 rg BT 261.64 185.90 Td (Equities ) Tj ET Q q 0 0 0 rg BT 291.40 185.90 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 306.02 185.90 Td (was ) Tj ET Q q 0 0 0 rg BT 321.92 185.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 359.92 185.90 Td (for ) Tj ET Q q 0 0 0 rg BT 371.06 185.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 392.17 185.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 426.27 185.90 Td (of ) Tj ET Q q 0 0 0 rg BT 434.82 185.90 Td ($6.7 ) Tj ET Q q 0 0 0 rg BT 452.04 185.90 Td (million. ) Tj ET Q q 0 0 0 rg BT 478.21 185.90 Td (The ) Tj ET Q q 0 0 0 rg BT 493.68 185.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 511.29 185.90 Td ( ) Tj ET Q q 0 0 0 rg BT 513.34 185.90 Td (received ) Tj ET Q q 0 0 0 rg BT 544.84 185.90 Td (no ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 174.50 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 83.50 174.50 Td (from ) Tj ET Q q 0 0 0 rg BT 101.03 174.50 Td (the ) Tj ET Q q 0 0 0 rg BT 113.81 174.50 Td (secondary ) Tj ET Q q 0 0 0 rg BT 151.70 174.50 Td (of) Tj ET Q q 0 0 0 rg BT 158.07 174.50 Td (fering. ) Tj ET Q q 0 0 0 rg BT 181.55 174.50 Td (The ) Tj ET Q q 0 0 0 rg BT 196.92 174.50 Td (combined ) Tj ET Q q 0 0 0 rg BT 232.65 174.50 Td (result ) Tj ET Q q 0 0 0 rg BT 253.65 174.50 Td (of ) Tj ET Q q 0 0 0 rg BT 262.10 174.50 Td (the ) Tj ET Q q 0 0 0 rg BT 274.88 174.50 Td (two ) Tj ET Q q 0 0 0 rg BT 288.95 174.50 Td (secondary ) Tj ET Q q 0 0 0 rg BT 326.84 174.50 Td (of) Tj ET Q q 0 0 0 rg BT 333.21 174.50 Td (ferings ) Tj ET Q q 0 0 0 rg BT 358.54 174.50 Td (has ) Tj ET Q q 0 0 0 rg BT 373.05 174.50 Td (reduced ) Tj ET Q q 0 0 0 rg BT 403.15 174.50 Td (Subcore ) Tj ET Q q 0 0 0 rg BT 434.11 174.50 Td (Equities ) Tj ET Q q 0 0 0 rg BT 463.78 174.50 Td (holdings ) Tj ET Q q 0 0 0 rg BT 494.75 174.50 Td (in ) Tj ET Q q 0 0 0 rg BT 502.76 174.50 Td (the ) Tj ET Q q 0 0 0 rg BT 515.54 174.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 533.15 174.50 Td ( ) Tj ET Q q 0 0 0 rg BT 535.10 174.50 Td (to ) Tj ET Q q 0 0 0 rg BT 543.55 174.50 Td (nil. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 157.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 93.66 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.74 157.10 Td (year ) Tj ET Q q 0 0 0 rg BT 120.47 157.10 Td (end, ) Tj ET Q q 0 0 0 rg BT 138.22 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.63 157.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 169.23 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.81 157.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 196.91 157.10 Td ($25.0 ) Tj ET Q q 0 0 0 rg BT 218.99 157.10 Td (million ) Tj ET Q q 0 0 0 rg BT 243.64 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.28 157.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 292.54 157.10 Td (debentures ) Tj ET Q q 0 0 0 rg BT 334.10 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.67 157.10 Td ($90.0 ) Tj ET Q q 0 0 0 rg BT 371.75 157.10 Td (million ) Tj ET Q q 0 0 0 rg BT 396.40 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.05 157.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 449.20 157.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 479.06 157.10 Td (with ) Tj ET Q q 0 0 0 rg BT 495.48 157.10 Td (an ) Tj ET Q q 0 0 0 rg BT 506.73 157.10 Td (overallotment ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 145.70 Td (option ) Tj ET Q q 0 0 0 rg BT 72.84 145.70 Td (of ) Tj ET Q q 0 0 0 rg BT 81.46 145.70 Td (15% ) Tj ET Q q 0 0 0 rg BT 99.16 145.70 Td (which ) Tj ET Q q 0 0 0 rg BT 121.19 145.70 Td (was ) Tj ET Q q 0 0 0 rg BT 137.16 145.70 Td (fully ) Tj ET Q q 0 0 0 rg BT 153.13 145.70 Td (exercised ) Tj ET Q q 0 0 0 rg BT 188.58 145.70 Td (on ) Tj ET Q q 0 0 0 rg BT 199.36 145.70 Td (the ) Tj ET Q q 0 0 0 rg BT 212.31 145.70 Td (convertible ) Tj ET Q q 0 0 0 rg BT 252.10 145.70 Td (debentures ) Tj ET Q q 0 0 0 rg BT 293.20 145.70 Td (as ) Tj ET Q q 0 0 0 rg BT 303.54 145.70 Td (well ) Tj ET Q q 0 0 0 rg BT 319.07 145.70 Td (as ) Tj ET Q q 0 0 0 rg BT 329.42 145.70 Td (the ) Tj ET Q q 0 0 0 rg BT 342.36 145.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 386.05 145.70 Td (receipts. ) Tj ET Q q 0 0 0 rg BT 417.48 145.70 Td (The ) Tj ET Q q 0 0 0 rg BT 433.02 145.70 Td (of) Tj ET Q q 0 0 0 rg BT 439.39 145.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 460.99 145.70 Td (of ) Tj ET Q q 0 0 0 rg BT 469.60 145.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.55 145.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 526.24 145.70 Td (receipts ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 134.30 Td (are ) Tj ET Q q 0 0 0 rg BT 62.92 134.30 Td (coterminous ) Tj ET Q q 0 0 0 rg BT 107.51 134.30 Td (with ) Tj ET Q q 0 0 0 rg BT 123.53 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 136.52 134.30 Td (proposed ) Tj ET Q q 0 0 0 rg BT 171.16 134.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 210.14 134.30 Td (of ) Tj ET Q q 0 0 0 rg BT 218.80 134.30 Td (a ) Tj ET Q q 0 0 0 rg BT 225.29 134.30 Td (seven ) Tj ET Q q 0 0 0 rg BT 248.24 134.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 269.02 134.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 298.90 134.30 Td (for ) Tj ET Q q 0 0 0 rg BT 310.15 134.30 Td (an ) Tj ET Q q 0 0 0 rg BT 320.98 134.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 358.23 134.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 392.44 134.30 Td (price ) Tj ET Q q 0 0 0 rg BT 411.48 134.30 Td (of ) Tj ET Q q 0 0 0 rg BT 420.14 134.30 Td ($191.4 ) Tj ET Q q 0 0 0 rg BT 446.13 134.30 Td (million ) Tj ET Q q 0 0 0 rg BT 470.37 134.30 Td (or ) Tj ET Q q 0 0 0 rg BT 479.45 134.30 Td ($192 ) Tj ET Q q 0 0 0 rg BT 498.94 134.30 Td (per ) Tj ET Q q 0 0 0 rg BT 512.36 134.30 Td (square ) Tj ET Q q 0 0 0 rg BT 538.34 134.30 Td (foot. ) Tj ET Q q 0 0 0 rg BT 555.67 134.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 122.90 Td (These ) Tj ET Q q 0 0 0 rg BT 73.41 122.90 Td (seven ) Tj ET Q q 0 0 0 rg BT 96.46 122.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 121.24 122.90 Td (are ) Tj ET Q q 0 0 0 rg BT 134.75 122.90 Td (located ) Tj ET Q q 0 0 0 rg BT 162.13 122.90 Td (in ) Tj ET Q q 0 0 0 rg BT 170.01 122.90 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 197.82 122.90 Td (Canada ) Tj ET Q q 0 0 0 rg BT 227.36 122.90 Td (and ) Tj ET Q q 0 0 0 rg BT 242.61 122.90 Td (the ) Tj ET Q q 0 0 0 rg BT 255.70 122.90 Td (greater ) Tj ET Q q 0 0 0 rg BT 282.50 122.90 Td (T) Tj ET Q q 0 0 0 rg BT 286.40 122.90 Td (oronto ) Tj ET Q q 0 0 0 rg BT 310.75 122.90 Td (area ) Tj ET Q q 0 0 0 rg BT 328.60 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Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 34) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (On ) Tj ET Q q 0 0 0 rg BT 61.78 742.10 Td (January ) Tj ET Q q 0 0 0 rg BT 91.38 742.10 Td (26, ) Tj ET Q q 0 0 0 rg BT 104.09 742.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 123.30 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.02 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 153.63 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.51 742.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 179.91 742.10 Td (12,778,800 ) Tj ET Q q 0 0 0 rg BT 220.79 742.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 264.25 742.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 293.41 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.79 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.51 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 332.11 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.00 742.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 349.31 742.10 Td ("Subscription ) Tj ET Q q 0 0 0 rg BT 396.82 742.10 Td 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rg BT 343.87 673.70 Td (the ) Tj ET Q q 0 0 0 rg BT 356.87 673.70 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 401.91 673.70 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 434.39 673.70 Td (are ) Tj ET Q q 0 0 0 rg BT 447.82 673.70 Td (being ) Tj ET Q q 0 0 0 rg BT 469.05 673.70 Td (held ) Tj ET Q q 0 0 0 rg BT 485.94 673.70 Td (by ) Tj ET Q q 0 0 0 rg BT 496.34 673.70 Td (an ) Tj ET Q q 0 0 0 rg BT 507.17 673.70 Td (escrow ) Tj ET Q q 0 0 0 rg BT 534.02 673.70 Td (agent ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 662.30 Td (pending ) Tj ET Q q 0 0 0 rg BT 79.71 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 93.02 662.30 Td (fulfillment ) Tj ET Q q 0 0 0 rg BT 128.40 662.30 Td (or ) Tj ET Q q 0 0 0 rg BT 137.81 662.30 Td (waiver ) Tj ET Q q 0 0 0 rg BT 162.80 662.30 Td (of ) Tj ET Q q 0 0 0 rg BT 171.77 662.30 Td (all ) Tj ET Q q 0 0 0 rg BT 182.05 662.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 224.81 662.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 262.38 662.30 Td (precedent ) Tj ET Q q 0 0 0 rg BT 299.51 662.30 Td (to ) Tj ET Q q 0 0 0 rg BT 308.49 662.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 335.22 662.30 Td (of ) Tj ET Q q 0 0 0 rg BT 344.20 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 357.02 662.30 Td (Acquisitions. ) Tj ET Q q 0 0 0 rg BT 403.24 662.30 Td (If ) Tj ET Q q 0 0 0 rg BT 410.05 662.30 Td (the ) Tj ET Q q 0 0 0 rg BT 422.87 662.30 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 466.93 662.30 Td (fail ) Tj ET Q q 0 0 0 rg BT 479.36 662.30 Td (to ) Tj ET Q q 0 0 0 rg BT 488.34 662.30 Td (close ) Tj ET Q q 0 0 0 rg BT 509.01 662.30 Td (as ) Tj ET Q q 0 0 0 rg BT 519.72 662.30 Td (described ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 650.90 Td (above ) Tj ET Q q 0 0 0 rg BT 73.18 650.90 Td (by ) Tj ET Q q 0 0 0 rg BT 83.87 650.90 Td (July ) Tj ET Q q 0 0 0 rg BT 100.18 650.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 113.47 650.90 Td (2018, ) Tj ET Q q 0 0 0 rg BT 135.43 650.90 Td (or ) Tj ET Q q 0 0 0 rg BT 144.81 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 157.62 650.90 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 201.65 650.90 Td (are ) Tj ET Q q 0 0 0 rg BT 215.36 650.90 Td (terminated ) Tj ET Q q 0 0 0 rg BT 254.63 650.90 Td (at ) Tj ET Q q 0 0 0 rg BT 263.58 650.90 Td (an ) Tj ET Q q 0 0 0 rg BT 274.71 650.90 Td (earlier ) Tj ET Q q 0 0 0 rg BT 298.81 650.90 Td (time, ) Tj ET Q q 0 0 0 rg BT 318.15 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 331.44 650.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 352.95 650.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 387.46 650.90 Td (of ) Tj ET Q q 0 0 0 rg BT 396.41 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 409.70 650.90 Td (sale ) Tj ET Q q 0 0 0 rg BT 426.45 650.90 Td (of ) Tj ET Q q 0 0 0 rg BT 435.41 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 448.70 650.90 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 494.03 650.90 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 526.79 650.90 Td (and ) Tj ET Q q 0 0 0 rg BT 542.25 650.90 Td (pro ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 639.50 Td (rata ) Tj ET Q q 0 0 0 rg BT 65.59 639.50 Td (entitlement ) Tj ET Q q 0 0 0 rg BT 106.37 639.50 Td (to ) Tj ET Q q 0 0 0 rg BT 115.54 639.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 143.76 639.50 Td (earned ) Tj ET Q q 0 0 0 rg BT 170.68 639.50 Td (or ) Tj ET Q q 0 0 0 rg BT 180.28 639.50 Td (deemed ) Tj ET Q q 0 0 0 rg BT 211.10 639.50 Td (to ) Tj ET Q q 0 0 0 rg BT 220.26 639.50 Td (be ) Tj ET Q q 0 0 0 rg BT 231.60 639.50 Td (earned ) Tj ET Q q 0 0 0 rg BT 258.52 639.50 Td (on ) Tj ET Q q 0 0 0 rg BT 269.85 639.50 Td (the ) Tj ET Q q 0 0 0 rg BT 283.35 639.50 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 328.89 639.50 Td (Receipts, ) Tj ET Q q 0 0 0 rg BT 364.04 639.50 Td (net ) Tj ET Q q 0 0 0 rg BT 377.54 639.50 Td (of ) Tj ET Q q 0 0 0 rg BT 386.70 639.50 Td (any ) Tj ET Q q 0 0 0 rg BT 401.93 639.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 439.68 639.50 Td (withholding ) Tj ET Q q 0 0 0 rg BT 481.33 639.50 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 504.79 639.50 Td (will ) Tj ET Q q 0 0 0 rg BT 518.27 639.50 Td (be ) Tj ET Q q 0 0 0 rg BT 529.60 639.50 Td (paid ) Tj ET Q q 0 0 0 rg BT 547.00 639.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 628.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 77.22 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.88 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.88 628.10 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 143.92 628.10 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 176.39 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.56 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.56 628.10 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 249.59 628.10 Td (Receipts ) Tj ET Q q 0 0 0 rg BT 282.07 628.10 Td (will ) Tj ET Q q 0 0 0 rg BT 295.05 628.10 Td (be ) Tj ET Q q 0 0 0 rg BT 305.88 628.10 Td (cancelled. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 610.70 Td (Normal ) Tj ET Q q 0 0 0 rg BT 78.50 610.70 Td (course ) Tj ET Q q 0 0 0 rg BT 106.21 610.70 Td (issuer ) Tj ET Q q 0 0 0 rg BT 131.33 610.70 Td (bid) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 593.30 Td (On ) Tj ET Q q 0 0 0 rg BT 62.00 593.30 Td (March ) Tj ET Q q 0 0 0 rg BT 85.75 593.30 Td (2, ) Tj ET Q q 0 0 0 rg BT 94.36 593.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 115.96 593.30 Td (the ) Tj ET Q q 0 0 0 rg BT 128.90 593.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 146.51 593.30 Td ( ) Tj ET Q q 0 0 0 rg BT 148.61 593.30 Td (renewed ) Tj ET Q q 0 0 0 rg BT 180.60 593.30 Td (its ) Tj ET Q q 0 0 0 rg BT 190.50 593.30 Td (normal ) Tj ET Q q 0 0 0 rg BT 216.42 593.30 Td (course ) Tj ET Q q 0 0 0 rg BT 241.91 593.30 Td (issuer ) Tj ET Q q 0 0 0 rg BT 264.79 593.30 Td (bid ) Tj ET Q q 0 0 0 rg BT 277.30 593.30 Td (\("NCIB"\), ) Tj ET Q q 0 0 0 rg BT 310.89 593.30 Td (whereby ) Tj ET Q q 0 0 0 rg BT 342.44 593.30 Td (the ) Tj ET Q q 0 0 0 rg BT 355.38 593.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 372.99 593.30 Td ( ) Tj ET Q q 0 0 0 rg BT 375.09 593.30 Td (may ) Tj ET Q q 0 0 0 rg BT 391.92 593.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 426.07 593.30 Td (up ) Tj ET Q q 0 0 0 rg BT 436.85 593.30 Td (to ) Tj ET Q q 0 0 0 rg BT 445.45 593.30 Td (3,890,593 ) Tj ET Q q 0 0 0 rg BT 482.22 593.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 499.48 593.30 Td (units, ) Tj ET Q q 0 0 0 rg BT 520.21 593.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 547.00 593.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 581.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 75.05 581.90 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 116.92 581.90 Td (The ) Tj ET Q q 0 0 0 rg BT 132.51 581.90 Td (renewed ) Tj ET Q q 0 0 0 rg BT 164.55 581.90 Td (NCIB ) Tj ET Q q 0 0 0 rg BT 185.32 581.90 Td (expires ) Tj ET Q q 0 0 0 rg BT 212.60 581.90 Td (on ) Tj ET Q q 0 0 0 rg BT 223.44 581.90 Td (the ) Tj ET Q q 0 0 0 rg BT 236.43 581.90 Td (earlier ) Tj ET Q q 0 0 0 rg BT 260.25 581.90 Td (of ) Tj ET Q q 0 0 0 rg BT 268.91 581.90 Td (March ) Tj ET Q q 0 0 0 rg BT 292.72 581.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 301.39 581.90 Td (2018 ) Tj ET Q q 0 0 0 rg BT 320.88 581.90 Td (and ) Tj ET Q q 0 0 0 rg BT 336.05 581.90 Td ( ) Tj ET Q q 0 0 0 rg BT 338.22 581.90 Td (the ) Tj ET Q q 0 0 0 rg BT 351.21 581.90 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 392.35 581.90 Td (of ) Tj ET Q q 0 0 0 rg BT 401.02 581.90 Td (the ) Tj ET Q q 0 0 0 rg BT 414.02 581.90 Td (maximum ) Tj ET Q q 0 0 0 rg BT 449.95 581.90 Td (number ) Tj ET Q q 0 0 0 rg BT 478.53 581.90 Td (of ) Tj ET Q q 0 0 0 rg BT 487.19 581.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 504.51 581.90 Td (units. ) Tj ET Q q 0 0 0 rg BT 525.30 581.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 564.50 Td (No ) Tj ET Q q 0 0 0 rg BT 61.62 564.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 78.94 564.50 Td (units ) Tj ET Q q 0 0 0 rg BT 97.57 564.50 Td (were ) Tj ET Q q 0 0 0 rg BT 116.61 564.50 Td (purchased ) Tj ET Q q 0 0 0 rg BT 155.16 564.50 Td (during ) Tj ET Q q 0 0 0 rg BT 178.98 564.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 191.98 564.50 Td (year ) Tj ET Q q 0 0 0 rg BT 209.30 564.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 233.13 564.50 Td (December ) Tj ET Q q 0 0 0 rg BT 271.23 564.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 284.23 564.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 301.56 564.50 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 547.10 Td (Potential trust units) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 536.6 m 390 536.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 521.6 m 390 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 536.6 m 472 536.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 521.6 m 472 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 536.6 m 554 536.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 521.6 m 554 521.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 491.6 m 554 491.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 491.6 m 390 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 476.6 m 390 476.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 491.6 m 472 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 476.6 m 472 476.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 491.6 m 554 491.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 476.6 m 554 476.6 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 398.30 526.13 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 526.13 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 511.13 Td (Class B LP) Tj ET Q q 0 0 0 rg BT 90.97 511.13 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 434.20 511.13 Td (5,285,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 516.20 511.13 Td (5,285,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 496.13 Td (Deferred units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.05 496.13 Td (60,300) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 496.13 Td (49,859) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 434.20 481.13 Td (5,345,460) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 516.20 481.13 Td (5,335,019) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 459.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.84 459.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 86.24 459.70 Td (B ) Tj ET Q q 0 0 0 rg BT 93.35 459.70 Td (LP) Tj ET Q q 0 0 0 rg BT 102.75 459.70 Td ( ) Tj ET Q q 0 0 0 rg BT 104.66 459.70 Td (units ) Tj ET Q q 0 0 0 rg BT 123.04 459.70 Td (are ) Tj ET Q q 0 0 0 rg BT 136.22 459.70 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 186.65 459.70 Td (into ) Tj ET Q q 0 0 0 rg BT 201.13 459.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 218.20 459.70 Td (units ) Tj ET Q q 0 0 0 rg BT 236.58 459.70 Td (of ) Tj ET Q q 0 0 0 rg BT 245.00 459.70 Td (the ) Tj ET Q q 0 0 0 rg BT 257.75 459.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 275.35 459.70 Td ( ) Tj ET Q q 0 0 0 rg BT 277.27 459.70 Td (on ) Tj ET Q q 0 0 0 rg BT 287.86 459.70 Td (a ) Tj ET Q q 0 0 0 rg BT 294.11 459.70 Td (one-for-one ) Tj ET Q q 0 0 0 rg BT 336.30 459.70 Td (basis, ) Tj ET Q q 0 0 0 rg BT 358.57 459.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 385.18 459.70 Td (to ) Tj ET Q q 0 0 0 rg BT 393.59 459.70 Td (anti-dilution ) Tj ET Q q 0 0 0 rg BT 435.35 459.70 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 481.45 459.70 Td (Each ) Tj ET Q q 0 0 0 rg BT 501.12 459.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 522.52 459.70 Td (B ) Tj ET Q q 0 0 0 rg BT 529.63 459.70 Td (LP) Tj ET Q q 0 0 0 rg BT 539.03 459.70 Td ( ) Tj ET Q q 0 0 0 rg BT 540.94 459.70 Td (unit ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 448.30 Td (is ) Tj ET Q q 0 0 0 rg BT 57.50 448.30 Td (accompanied ) Tj ET Q q 0 0 0 rg BT 106.22 448.30 Td (by ) Tj ET Q q 0 0 0 rg BT 116.83 448.30 Td (one ) Tj ET Q q 0 0 0 rg BT 132.20 448.30 Td (special ) Tj ET Q q 0 0 0 rg BT 158.83 448.30 Td (voting ) Tj ET Q q 0 0 0 rg BT 182.00 448.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 196.94 448.30 Td (of ) Tj ET Q q 0 0 0 rg BT 205.81 448.30 Td (the ) Tj ET Q q 0 0 0 rg BT 219.02 448.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 236.63 448.30 Td ( ) Tj ET Q q 0 0 0 rg BT 239.01 448.30 Td (providing ) Tj ET Q q 0 0 0 rg BT 273.00 448.30 Td (the ) Tj ET Q q 0 0 0 rg BT 286.21 448.30 Td (same ) Tj ET Q q 0 0 0 rg BT 307.63 448.30 Td (voting ) Tj ET Q q 0 0 0 rg BT 330.80 448.30 Td (rights ) Tj ET Q q 0 0 0 rg BT 352.23 448.30 Td (in ) Tj ET Q q 0 0 0 rg BT 360.67 448.30 Td (the ) Tj ET Q q 0 0 0 rg BT 373.88 448.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 391.49 448.30 Td ( ) Tj ET Q q 0 0 0 rg BT 393.87 448.30 Td (as ) Tj ET Q q 0 0 0 rg BT 404.47 448.30 Td (the ) Tj ET Q q 0 0 0 rg BT 417.68 448.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 435.21 448.30 Td (units ) Tj ET Q q 0 0 0 rg BT 454.05 448.30 Td (of ) Tj ET Q q 0 0 0 rg BT 462.92 448.30 Td (the ) Tj ET Q q 0 0 0 rg BT 476.13 448.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 493.74 448.30 Td ( ) Tj ET Q q 0 0 0 rg BT 496.12 448.30 Td (and ) Tj ET Q q 0 0 0 rg BT 511.49 448.30 Td (is ) Tj ET Q q 0 0 0 rg BT 519.50 448.30 Td (entitled ) Tj ET Q q 0 0 0 rg BT 547.00 448.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 436.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 93.72 436.90 Td (of ) Tj ET Q q 0 0 0 rg BT 102.86 436.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 121.96 436.90 Td (equal ) Tj ET Q q 0 0 0 rg BT 143.67 436.90 Td (to ) Tj ET Q q 0 0 0 rg BT 152.81 436.90 Td (the ) Tj ET Q q 0 0 0 rg BT 166.29 436.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 185.39 436.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 229.61 436.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 246.98 436.90 Td (to ) Tj ET Q q 0 0 0 rg BT 256.13 436.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 284.32 436.90 Td (of ) Tj ET Q q 0 0 0 rg BT 293.46 436.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 311.26 436.90 Td (units ) Tj ET Q q 0 0 0 rg BT 330.37 436.90 Td (by ) Tj ET Q q 0 0 0 rg BT 341.24 436.90 Td (the ) Tj ET Q q 0 0 0 rg BT 354.72 436.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 371.60 436.90 Td (. ) Tj ET Q q 0 0 0 rg BT 376.24 436.90 Td (The ) Tj ET Q q 0 0 0 rg BT 392.31 436.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 414.43 436.90 Td (B ) Tj ET Q q 0 0 0 rg BT 422.27 436.90 Td (LP) Tj ET Q q 0 0 0 rg BT 431.67 436.90 Td ( ) Tj ET Q q 0 0 0 rg BT 434.31 436.90 Td (units ) Tj ET Q q 0 0 0 rg BT 453.42 436.90 Td (are ) Tj ET Q q 0 0 0 rg BT 467.32 436.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 508.07 436.90 Td (in ) Tj ET Q q 0 0 0 rg BT 516.78 436.90 Td (the ) Tj ET Q q 0 0 0 rg BT 530.26 436.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 549.60 436.90 Td (s ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 425.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 95.68 425.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 126.69 425.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 167.23 425.50 Td (as ) Tj ET Q q 0 0 0 rg BT 177.88 425.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 208.90 425.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 240.77 425.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 277.84 425.50 Td (at ) Tj ET Q q 0 0 0 rg BT 286.76 425.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 300.02 425.50 Td (value ) Tj ET Q q 0 0 0 rg BT 321.07 425.50 Td (through ) Tj ET Q q 0 0 0 rg BT 349.92 425.50 Td (profit ) Tj ET Q q 0 0 0 rg BT 369.67 425.50 Td (and ) Tj ET Q q 0 0 0 rg BT 385.09 425.50 Td (loss. ) Tj ET Q q 0 0 0 rg BT 403.54 425.50 Td (Upon ) Tj ET Q q 0 0 0 rg BT 424.59 425.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 460.81 425.50 Td (into ) Tj ET Q q 0 0 0 rg BT 475.80 425.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 493.38 425.50 Td (units ) Tj ET Q q 0 0 0 rg BT 512.26 425.50 Td (of ) Tj ET Q q 0 0 0 rg BT 521.19 425.50 Td (the ) Tj ET Q q 0 0 0 rg BT 534.45 425.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 551.33 425.50 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 62.95 414.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 93.27 414.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 121.88 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.99 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.44 414.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 170.44 414.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 216.36 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.81 414.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 243.25 414.10 Td (value ) Tj ET Q q 0 0 0 rg BT 264.49 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.61 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.06 414.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 309.15 414.10 Td (B ) Tj ET Q q 0 0 0 rg BT 316.97 414.10 Td (LP) Tj ET Q q 0 0 0 rg BT 326.36 414.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.98 414.10 Td (units ) Tj ET Q q 0 0 0 rg BT 348.05 414.10 Td (on ) Tj ET Q q 0 0 0 rg BT 359.34 414.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 395.74 414.10 Td (date ) Tj ET Q q 0 0 0 rg BT 413.52 414.10 Td (will ) Tj ET Q q 0 0 0 rg BT 426.95 414.10 Td (be ) Tj ET Q q 0 0 0 rg BT 438.24 414.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 479.82 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.94 414.10 Td (unitholders) Tj ET Q q 0 0 0 rg BT 528.50 414.10 Td ( ) Tj ET Q q 0 0 0 rg BT 531.12 414.10 Td (equity) Tj ET Q q 0 0 0 rg BT 551.34 414.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 402.70 Td (During ) Tj ET Q q 0 0 0 rg BT 74.61 402.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 87.61 402.70 Td (year ) Tj ET Q q 0 0 0 rg BT 104.93 402.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 128.76 402.70 Td (December ) Tj ET Q q 0 0 0 rg BT 166.86 402.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 179.85 402.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 197.18 402.70 Td (, ) Tj ET Q q 0 0 0 rg BT 201.52 402.70 Td (there ) Tj ET Q q 0 0 0 rg BT 221.44 402.70 Td (were ) Tj ET Q q 0 0 0 rg BT 240.49 402.70 Td (no ) Tj ET Q q 0 0 0 rg BT 251.32 402.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 272.96 402.70 Td (B ) Tj ET Q q 0 0 0 rg BT 280.33 402.70 Td (LP) Tj ET Q q 0 0 0 rg BT 289.72 402.70 Td ( ) Tj ET Q q 0 0 0 rg BT 291.89 402.70 Td (units ) Tj ET Q q 0 0 0 rg BT 310.51 402.70 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 350.80 402.70 Td (for ) Tj ET Q q 0 0 0 rg BT 362.06 402.70 Td (the ) Tj ET Q q 0 0 0 rg BT 375.06 402.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 394.39 402.70 Td (s ) Tj ET Q q 0 0 0 rg BT 400.46 402.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 417.78 402.70 Td (units. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 385.30 Td (DEFERRED ) Tj ET Q q 0 0 0 rg BT 94.50 385.30 Td (UNIT ) Tj ET Q q 0 0 0 rg BT 114.84 385.30 Td (PLAN) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 49.50 367.90 Td (T) Tj ET Q q 0 0 0 rg BT 53.91 367.90 Td (rustee ) Tj ET Q q 0 0 0 rg BT 77.73 367.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 108.91 367.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 123.64 367.90 Td (plan) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (Ef) Tj ET Q q 0 0 0 rg BT 56.73 350.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 81.28 350.50 Td (May ) Tj ET Q q 0 0 0 rg BT 98.03 350.50 Td (26, ) Tj ET Q q 0 0 0 rg BT 110.90 350.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 132.42 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 145.29 350.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 162.90 350.50 Td ( ) Tj ET Q q 0 0 0 rg BT 164.93 350.50 Td (adopted ) Tj ET Q q 0 0 0 rg BT 195.12 350.50 Td (a ) Tj ET Q q 0 0 0 rg BT 201.49 350.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 232.54 350.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 247.13 350.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 263.89 350.50 Td (for ) Tj ET Q q 0 0 0 rg BT 274.89 350.50 Td (T) Tj ET Q q 0 0 0 rg BT 279.36 350.50 Td (rustees ) Tj ET Q q 0 0 0 rg BT 306.95 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 315.48 350.50 Td (the ) Tj ET Q q 0 0 0 rg BT 328.34 350.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 345.95 350.50 Td ( ) Tj ET Q q 0 0 0 rg BT 347.98 350.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 363.44 350.50 Td (T) Tj ET Q q 0 0 0 rg BT 370.51 350.50 Td (rustee ) Tj ET Q q 0 0 0 rg BT 394.20 350.50 Td (DUP\). ) Tj ET Q q 0 0 0 rg BT 419.89 350.50 Td (T) Tj ET Q q 0 0 0 rg BT 424.37 350.50 Td (rustees ) Tj ET Q q 0 0 0 rg BT 451.95 350.50 Td (who ) Tj ET Q q 0 0 0 rg BT 468.27 350.50 Td (are ) Tj ET Q q 0 0 0 rg BT 481.56 350.50 Td (not ) Tj ET Q q 0 0 0 rg BT 494.43 350.50 Td (employees ) Tj ET Q q 0 0 0 rg BT 534.14 350.50 Td (of ) Tj ET Q q 0 0 0 rg BT 542.67 350.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 339.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 67.11 339.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.94 339.10 Td (or ) Tj ET Q q 0 0 0 rg BT 77.70 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.36 339.10 Td (Manager) Tj ET Q q 0 0 0 rg BT 120.68 339.10 Td (, ) Tj ET Q q 0 0 0 rg BT 124.68 339.10 Td (Slate ) Tj ET Q q 0 0 0 rg BT 143.91 339.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 165.23 339.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 212.53 339.10 Td (L.P) Tj ET Q q 0 0 0 rg BT 223.23 339.10 Td (., ) Tj ET Q q 0 0 0 rg BT 229.40 339.10 Td (or ) Tj ET Q q 0 0 0 rg BT 238.15 339.10 Td (any ) Tj ET Q q 0 0 0 rg BT 252.55 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.88 339.10 Td (their ) Tj ET Q q 0 0 0 rg BT 277.87 339.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 323.00 339.10 Td (are ) Tj ET Q q 0 0 0 rg BT 336.09 339.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 362.17 339.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.51 339.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 408.28 339.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.18 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.73 339.10 Td (T) Tj ET Q q 0 0 0 rg BT 433.21 339.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 456.69 339.10 Td (DUP) Tj ET Q q 0 0 0 rg BT 472.13 339.10 Td (. ) Tj ET Q q 0 0 0 rg BT 476.13 339.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.96 339.10 Td (Participants ) Tj ET Q q 0 0 0 rg BT 520.50 339.10 Td (may ) Tj ET Q q 0 0 0 rg BT 537.05 339.10 Td (elect ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 327.70 Td (to ) Tj ET Q q 0 0 0 rg BT 58.26 327.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 85.63 327.70 Td (all ) Tj ET Q q 0 0 0 rg BT 95.68 327.70 Td (or ) Tj ET Q q 0 0 0 rg BT 104.87 327.70 Td (a ) Tj ET Q q 0 0 0 rg BT 111.46 327.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 137.54 327.70 Td (of ) Tj ET Q q 0 0 0 rg BT 146.29 327.70 Td (their ) Tj ET Q q 0 0 0 rg BT 163.71 327.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 189.36 327.70 Td (retainer) Tj ET Q q 0 0 0 rg BT 215.34 327.70 Td (, ) Tj ET Q q 0 0 0 rg BT 219.77 327.70 Td (meeting ) Tj ET Q q 0 0 0 rg BT 249.74 327.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 266.73 327.70 Td (and ) Tj ET Q q 0 0 0 rg BT 281.99 327.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 317.60 327.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 368.36 327.70 Td (\(including ) Tj ET Q q 0 0 0 rg BT 403.97 327.70 Td (travel ) Tj ET Q q 0 0 0 rg BT 425.28 327.70 Td (fees\), ) Tj ET Q q 0 0 0 rg BT 447.02 327.70 Td (in ) Tj ET Q q 0 0 0 rg BT 455.34 327.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 486.62 327.70 Td (units. ) Tj ET Q q 0 0 0 rg BT 507.50 327.70 Td (One ) Tj ET Q q 0 0 0 rg BT 524.49 327.70 Td (deferred ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 316.30 Td (unit, ) Tj ET Q q 0 0 0 rg BT 66.01 316.30 Td (which ) Tj ET Q q 0 0 0 rg BT 87.70 316.30 Td (vests ) Tj ET Q q 0 0 0 rg BT 107.67 316.30 Td (immediately ) Tj ET Q q 0 0 0 rg BT 151.02 316.30 Td (on ) Tj ET Q q 0 0 0 rg BT 161.46 316.30 Td (the ) Tj ET Q q 0 0 0 rg BT 174.07 316.30 Td (grant ) Tj ET Q q 0 0 0 rg BT 193.61 316.30 Td (date, ) Tj ET Q q 0 0 0 rg BT 212.72 316.30 Td (is ) Tj ET Q q 0 0 0 rg BT 220.13 316.30 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 257.43 316.30 Td (to ) Tj ET Q q 0 0 0 rg BT 265.71 316.30 Td (one ) Tj ET Q q 0 0 0 rg BT 280.49 316.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 297.42 316.30 Td (unit. ) Tj ET Q q 0 0 0 rg BT 313.58 316.30 Td (Additional ) Tj ET Q q 0 0 0 rg BT 349.58 316.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 380.37 316.30 Td (units ) Tj ET Q q 0 0 0 rg BT 398.61 316.30 Td (accumulate ) Tj ET Q q 0 0 0 rg BT 440.23 316.30 Td (at ) Tj ET Q q 0 0 0 rg BT 448.51 316.30 Td (the ) Tj ET Q q 0 0 0 rg BT 461.12 316.30 Td (same ) Tj ET Q q 0 0 0 rg BT 481.96 316.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 497.16 316.30 Td (that ) Tj ET Q q 0 0 0 rg BT 511.94 316.30 Td (distributions ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 304.90 Td (are ) Tj ET Q q 0 0 0 rg BT 62.92 304.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 79.82 304.90 Td (on ) Tj ET Q q 0 0 0 rg BT 90.65 304.90 Td (the ) Tj ET Q q 0 0 0 rg BT 103.65 304.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 120.97 304.90 Td (units.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 287.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.23 287.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 96.55 287.50 Td (units ) Tj ET Q q 0 0 0 rg BT 115.32 287.50 Td (may ) Tj ET Q q 0 0 0 rg BT 132.34 287.50 Td (be ) Tj ET Q q 0 0 0 rg BT 143.31 287.50 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 180.70 287.50 Td (by ) Tj ET Q q 0 0 0 rg BT 191.23 287.50 Td (a ) Tj ET Q q 0 0 0 rg BT 197.87 287.50 Td (participant ) Tj ET Q q 0 0 0 rg BT 236.12 287.50 Td (for ) Tj ET Q q 0 0 0 rg BT 247.52 287.50 Td (a ) Tj ET Q q 0 0 0 rg BT 254.16 287.50 Td (period ) Tj ET Q q 0 0 0 rg BT 278.12 287.50 Td (of ) Tj ET Q q 0 0 0 rg BT 286.93 287.50 Td (two ) Tj ET Q q 0 0 0 rg BT 301.35 287.50 Td (years ) Tj ET Q q 0 0 0 rg BT 322.71 287.50 Td (after ) Tj ET Q q 0 0 0 rg BT 340.61 287.50 Td (the ) Tj ET Q q 0 0 0 rg BT 353.75 287.50 Td (participant ) Tj ET Q q 0 0 0 rg BT 392.00 287.50 Td (ceases ) Tj ET Q q 0 0 0 rg BT 418.99 287.50 Td (to ) Tj ET Q q 0 0 0 rg BT 427.80 287.50 Td (be ) Tj ET Q q 0 0 0 rg BT 438.77 287.50 Td (a ) Tj ET Q q 0 0 0 rg BT 445.26 287.50 Td (T) Tj ET Q q 0 0 0 rg BT 449.74 287.50 Td (rustee ) Tj ET Q q 0 0 0 rg BT 473.70 287.50 Td (of ) Tj ET Q q 0 0 0 rg BT 482.50 287.50 Td (the ) Tj ET Q q 0 0 0 rg BT 495.64 287.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 513.25 287.50 Td ( ) Tj ET Q q 0 0 0 rg BT 515.56 287.50 Td (in ) Tj ET Q q 0 0 0 rg BT 523.93 287.50 Td (whole ) Tj ET Q q 0 0 0 rg BT 546.58 287.50 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 276.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.64 276.10 Td (part ) Tj ET Q q 0 0 0 rg BT 73.14 276.10 Td (for ) Tj ET Q q 0 0 0 rg BT 84.31 276.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 102.84 276.10 Td (or ) Tj ET Q q 0 0 0 rg BT 111.85 276.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 129.08 276.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 149.65 276.10 Td (The ) Tj ET Q q 0 0 0 rg BT 165.15 276.10 Td (value ) Tj ET Q q 0 0 0 rg BT 185.85 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.43 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.34 276.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 238.43 276.10 Td (units ) Tj ET Q q 0 0 0 rg BT 256.96 276.10 Td (when ) Tj ET Q q 0 0 0 rg BT 277.66 276.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 313.95 276.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.53 276.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 341.06 276.10 Td (will ) Tj ET Q q 0 0 0 rg BT 353.95 276.10 Td (be ) Tj ET Q q 0 0 0 rg BT 364.70 276.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 402.29 276.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.87 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.77 276.10 Td (market ) Tj ET Q q 0 0 0 rg BT 449.66 276.10 Td (value ) Tj ET Q q 0 0 0 rg BT 470.36 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.94 276.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 496.17 276.10 Td (units ) Tj ET Q q 0 0 0 rg BT 514.71 276.10 Td (on ) Tj ET Q q 0 0 0 rg BT 525.45 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.36 276.10 Td (date ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 264.70 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 264.70 Td (the ) Tj ET Q q 0 0 0 rg BT 71.16 264.70 Td (redemption ) Tj ET Q q 0 0 0 rg BT 112.31 264.70 Td (request. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 246.70 Td (At ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.09 246.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.25 246.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 125.58 246.70 Td (, ) Tj ET Q q 0 0 0 rg BT 128.98 246.70 Td (the ) Tj ET Q q 0 0 0 rg BT 141.04 246.70 Td (liability ) Tj ET Q q 0 0 0 rg BT 165.65 246.70 Td (associated ) Tj ET Q q 0 0 0 rg BT 204.12 246.70 Td (with ) Tj ET Q q 0 0 0 rg BT 219.20 246.70 Td (the ) Tj ET Q q 0 0 0 rg BT 231.19 246.70 Td (T) Tj ET Q q 0 0 0 rg BT 235.66 246.70 Td (rustee ) Tj ET Q q 0 0 0 rg BT 258.55 246.70 Td (DUP) Tj ET Q q 0 0 0 rg BT 274.85 246.70 Td ( ) Tj ET Q q 0 0 0 rg BT 276.08 246.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 291.16 246.70 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 307.55 246.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.63 246.70 Td ( ) Tj ET Q q 0 0 0 rg BT 330.86 246.70 Td (\() Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.45 246.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 383.61 246.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.94 246.70 Td ( ) Tj ET Q q 0 0 0 rg BT 402.36 246.70 Td (- ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 407.11 246.70 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 423.50 246.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 445.58 246.70 Td (\), ) Tj ET Q q 0 0 0 rg BT 451.57 246.70 Td (and ) Tj ET Q q 0 0 0 rg BT 465.79 246.70 Td (the ) Tj ET Q q 0 0 0 rg BT 477.85 246.70 Td (number ) Tj ET Q q 0 0 0 rg BT 505.50 246.70 Td (of ) Tj ET Q q 0 0 0 rg BT 513.23 246.70 Td (outstanding ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 235.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 80.68 235.30 Td (units ) Tj ET Q q 0 0 0 rg BT 99.31 235.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 115.32 235.30 Td (51,837) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 139.15 235.30 Td ( ) Tj ET Q q 0 0 0 rg BT 141.32 235.30 Td (\() Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 143.91 235.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 195.01 235.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 212.34 235.30 Td ( ) Tj ET Q q 0 0 0 rg BT 214.51 235.30 Td (- ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 219.27 235.30 Td (42,147) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.10 235.30 Td ( ) Tj ET Q q 0 0 0 rg BT 245.26 235.30 Td (units\).) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 49.50 217.90 Td (Of) Tj ET Q q 0 0 0 rg BT 57.56 217.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 74.44 217.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 105.63 217.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 120.35 217.90 Td (plan) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 200.50 Td (On ) Tj ET Q q 0 0 0 rg BT 61.84 200.50 Td (March ) Tj ET Q q 0 0 0 rg BT 85.44 200.50 Td (21, ) Tj ET Q q 0 0 0 rg BT 98.21 200.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 119.66 200.50 Td (the ) Tj ET Q q 0 0 0 rg BT 132.44 200.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 150.05 200.50 Td ( ) Tj ET Q q 0 0 0 rg BT 152.00 200.50 Td (adopted ) Tj ET Q q 0 0 0 rg BT 182.10 200.50 Td (a ) Tj ET Q q 0 0 0 rg BT 188.38 200.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 219.35 200.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 233.86 200.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 250.53 200.50 Td (for ) Tj ET Q q 0 0 0 rg BT 261.57 200.50 Td (of) Tj ET Q q 0 0 0 rg BT 267.94 200.50 Td (ficers ) Tj ET Q q 0 0 0 rg BT 288.50 200.50 Td (of ) Tj ET Q q 0 0 0 rg BT 296.95 200.50 Td (the ) Tj ET Q q 0 0 0 rg BT 309.73 200.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 327.34 200.50 Td ( ) Tj ET Q q 0 0 0 rg BT 329.28 200.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 344.66 200.50 Td ("Of) Tj ET Q q 0 0 0 rg BT 355.52 200.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 372.18 200.50 Td (DUP"\). ) Tj ET Q q 0 0 0 rg BT 397.97 200.50 Td (The ) Tj ET Q q 0 0 0 rg BT 413.35 200.50 Td (Of) Tj ET Q q 0 0 0 rg BT 421.44 200.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 438.11 200.50 Td (DUP) Tj ET Q q 0 0 0 rg BT 454.41 200.50 Td ( ) Tj ET Q q 0 0 0 rg BT 456.36 200.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 487.75 200.50 Td (of) Tj ET Q q 0 0 0 rg BT 494.12 200.50 Td (ficers ) Tj ET Q q 0 0 0 rg BT 514.68 200.50 Td (of ) Tj ET Q q 0 0 0 rg BT 523.13 200.50 Td (the ) Tj ET Q q 0 0 0 rg BT 535.91 200.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 553.52 200.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 62.51 189.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 103.24 189.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.92 189.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 139.21 189.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 170.41 189.10 Td (units ) Tj ET Q q 0 0 0 rg BT 189.05 189.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.73 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.74 189.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 227.62 189.10 Td (. ) Tj ET Q q 0 0 0 rg BT 231.83 189.10 Td (The ) Tj ET Q q 0 0 0 rg BT 247.44 189.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 283.38 189.10 Td (number ) Tj ET Q q 0 0 0 rg BT 311.97 189.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.65 189.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 351.84 189.10 Td (units ) Tj ET Q q 0 0 0 rg BT 370.48 189.10 Td (reserved ) Tj ET Q q 0 0 0 rg BT 402.97 189.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.25 189.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 447.18 189.10 Td (under ) Tj ET Q q 0 0 0 rg BT 469.28 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.29 189.10 Td (Of) Tj ET Q q 0 0 0 rg BT 490.39 189.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 507.29 189.10 Td (DUP) Tj ET Q q 0 0 0 rg BT 523.59 189.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.77 189.10 Td (is ) Tj ET Q q 0 0 0 rg BT 533.58 189.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 547.02 189.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 177.70 Td (total ) Tj ET Q q 0 0 0 rg BT 66.65 177.70 Td (units ) Tj ET Q q 0 0 0 rg BT 85.53 177.70 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 130.40 177.70 Td (One ) Tj ET Q q 0 0 0 rg BT 147.55 177.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 178.99 177.70 Td (unit, ) Tj ET Q q 0 0 0 rg BT 196.14 177.70 Td (which ) Tj ET Q q 0 0 0 rg BT 218.47 177.70 Td (vests ) Tj ET Q q 0 0 0 rg BT 239.08 177.70 Td (immediately ) Tj ET Q q 0 0 0 rg BT 283.06 177.70 Td (on ) Tj ET Q q 0 0 0 rg BT 294.15 177.70 Td (the ) Tj ET Q q 0 0 0 rg BT 307.40 177.70 Td (grant ) Tj ET Q q 0 0 0 rg BT 327.58 177.70 Td (date, ) Tj ET Q q 0 0 0 rg BT 347.33 177.70 Td (is ) Tj ET Q q 0 0 0 rg BT 355.38 177.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 376.86 177.70 Td (to ) Tj ET Q q 0 0 0 rg BT 385.78 177.70 Td (one ) Tj ET Q q 0 0 0 rg BT 401.20 177.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 418.77 177.70 Td (unit. ) Tj ET Q q 0 0 0 rg BT 435.44 177.70 Td (Any ) Tj ET Q q 0 0 0 rg BT 451.29 177.70 Td (units ) Tj ET Q q 0 0 0 rg BT 470.17 177.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 495.11 177.70 Td (under ) Tj ET Q q 0 0 0 rg BT 517.45 177.70 Td (the ) Tj ET Q q 0 0 0 rg BT 530.70 177.70 Td (Of) Tj ET Q q 0 0 0 rg BT 538.80 177.70 Td (ficer ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 166.30 Td (DUP) Tj ET Q q 0 0 0 rg BT 65.81 166.30 Td ( ) Tj ET Q q 0 0 0 rg BT 68.01 166.30 Td (will ) Tj ET Q q 0 0 0 rg BT 81.03 166.30 Td (result ) Tj ET Q q 0 0 0 rg BT 102.28 166.30 Td (in ) Tj ET Q q 0 0 0 rg BT 110.55 166.30 Td (an ) Tj ET Q q 0 0 0 rg BT 121.42 166.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 142.68 166.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 176.93 166.30 Td (and ) Tj ET Q q 0 0 0 rg BT 192.13 166.30 Td (of) Tj ET Q q 0 0 0 rg BT 198.50 166.30 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 225.83 166.30 Td (in ) Tj ET Q q 0 0 0 rg BT 234.09 166.30 Td (the ) Tj ET Q q 0 0 0 rg BT 247.13 166.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 267.96 166.30 Td (management ) Tj ET Q q 0 0 0 rg BT 315.63 166.30 Td (fee ) Tj ET Q q 0 0 0 rg BT 328.67 166.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 358.16 166.30 Td (to ) Tj ET Q q 0 0 0 rg BT 366.86 166.30 Td (SMC, ) Tj ET Q q 0 0 0 rg BT 388.54 166.30 Td (based ) Tj ET Q q 0 0 0 rg BT 411.97 166.30 Td (on ) Tj ET Q q 0 0 0 rg BT 422.84 166.30 Td (the ) Tj ET Q q 0 0 0 rg BT 435.88 166.30 Td (trading ) Tj ET Q q 0 0 0 rg BT 461.90 166.30 Td (price ) Tj ET Q q 0 0 0 rg BT 480.99 166.30 Td (of ) Tj ET Q q 0 0 0 rg BT 489.69 166.30 Td (units ) Tj ET Q q 0 0 0 rg BT 508.35 166.30 Td (on ) Tj ET Q q 0 0 0 rg BT 519.22 166.30 Td (the ) Tj ET Q q 0 0 0 rg BT 532.26 166.30 Td (day ) Tj ET Q q 0 0 0 rg BT 547.02 166.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 154.90 Td (issuance. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 137.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.44 137.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 96.97 137.50 Td (units ) Tj ET Q q 0 0 0 rg BT 115.95 137.50 Td (may ) Tj ET Q q 0 0 0 rg BT 133.18 137.50 Td (be ) Tj ET Q q 0 0 0 rg BT 144.36 137.50 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 181.95 137.50 Td (by ) Tj ET Q q 0 0 0 rg BT 192.70 137.50 Td (a ) Tj ET Q q 0 0 0 rg BT 199.55 137.50 Td (participant ) Tj ET Q q 0 0 0 rg BT 238.01 137.50 Td (after ) Tj ET Q q 0 0 0 rg BT 256.12 137.50 Td (two ) Tj ET Q q 0 0 0 rg BT 270.75 137.50 Td (years ) Tj ET Q q 0 0 0 rg BT 292.32 137.50 Td (following ) Tj ET Q q 0 0 0 rg BT 325.15 137.50 Td (the ) Tj ET Q q 0 0 0 rg BT 338.49 137.50 Td (date ) Tj ET Q q 0 0 0 rg BT 356.17 137.50 Td (the ) Tj ET Q q 0 0 0 rg BT 369.52 137.50 Td (units ) Tj ET Q q 0 0 0 rg BT 388.49 137.50 Td (were ) Tj ET Q q 0 0 0 rg BT 407.89 137.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 432.93 137.50 Td (in ) Tj ET Q q 0 0 0 rg BT 441.50 137.50 Td (whole ) Tj ET Q q 0 0 0 rg BT 464.37 137.50 Td (or ) Tj ET Q q 0 0 0 rg BT 473.81 137.50 Td (in ) Tj ET Q q 0 0 0 rg BT 482.39 137.50 Td (part ) Tj ET Q q 0 0 0 rg BT 498.33 137.50 Td (for ) Tj ET Q q 0 0 0 rg BT 509.94 137.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 528.91 137.50 Td (or ) Tj ET Q q 0 0 0 rg BT 538.35 137.50 Td (trust ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 126.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 70.69 126.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.85 126.10 Td (value ) Tj ET Q q 0 0 0 rg BT 108.20 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.44 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.00 126.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 162.75 126.10 Td (units ) Tj ET Q q 0 0 0 rg BT 181.94 126.10 Td (when ) Tj ET Q q 0 0 0 rg BT 203.30 126.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 240.24 126.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.48 126.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 268.67 126.10 Td (will ) Tj ET Q q 0 0 0 rg BT 282.21 126.10 Td (be ) Tj ET Q q 0 0 0 rg BT 293.61 126.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 331.87 126.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.10 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.66 126.10 Td (market ) Tj ET Q q 0 0 0 rg BT 381.21 126.10 Td (value ) Tj ET Q q 0 0 0 rg BT 402.57 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.80 126.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 429.69 126.10 Td (units ) Tj ET Q q 0 0 0 rg BT 448.88 126.10 Td (on ) Tj ET Q q 0 0 0 rg BT 460.28 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.84 126.10 Td (date ) Tj ET Q q 0 0 0 rg BT 491.74 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.97 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.54 126.10 Td (redemption ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 114.70 Td (request. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 97.30 Td (If ) Tj ET Q q 0 0 0 rg BT 56.00 97.30 Td (a ) Tj ET Q q 0 0 0 rg BT 62.50 97.30 Td (participant ) Tj ET Q q 0 0 0 rg BT 100.61 97.30 Td (ceases ) Tj ET Q q 0 0 0 rg BT 127.46 97.30 Td (to ) Tj ET Q q 0 0 0 rg BT 136.13 97.30 Td (be ) Tj ET Q q 0 0 0 rg BT 146.96 97.30 Td (an ) Tj ET Q q 0 0 0 rg BT 157.79 97.30 Td (of) Tj ET Q q 0 0 0 rg BT 164.16 97.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 181.04 97.30 Td (of ) Tj ET Q q 0 0 0 rg BT 189.71 97.30 Td (the ) Tj ET Q q 0 0 0 rg BT 202.71 97.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 219.59 97.30 Td (, ) Tj ET Q q 0 0 0 rg BT 223.92 97.30 Td (the ) Tj ET Q q 0 0 0 rg BT 236.92 97.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 268.10 97.30 Td (units ) Tj ET Q q 0 0 0 rg BT 286.73 97.30 Td (must ) Tj ET Q q 0 0 0 rg BT 305.78 97.30 Td (be ) Tj ET Q q 0 0 0 rg BT 316.61 97.30 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 353.85 97.30 Td (no ) Tj ET Q q 0 0 0 rg BT 364.69 97.30 Td (later ) Tj ET Q q 0 0 0 rg BT 382.01 97.30 Td (than ) Tj ET Q q 0 0 0 rg BT 399.34 97.30 Td (two ) Tj ET Q q 0 0 0 rg BT 413.63 97.30 Td (years ) Tj ET Q q 0 0 0 rg BT 434.84 97.30 Td (following ) Tj ET Q q 0 0 0 rg BT 467.32 97.30 Td (that ) Tj ET Q q 0 0 0 rg BT 482.48 97.30 Td (date.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 79.90 Td (As ) Tj ET Q q 0 0 0 rg BT 60.16 79.90 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 68.22 79.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 118.72 79.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 136.05 79.90 Td (, ) Tj ET Q q 0 0 0 rg BT 139.78 79.90 Td (the ) Tj ET Q q 0 0 0 rg BT 152.18 79.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 177.12 79.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 215.94 79.90 Td (with ) Tj ET Q q 0 0 0 rg BT 231.35 79.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 261.93 79.90 Td (units ) Tj ET Q q 0 0 0 rg BT 279.96 79.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 304.04 79.90 Td (under ) Tj ET Q q 0 0 0 rg BT 325.53 79.90 Td (the ) Tj ET Q q 0 0 0 rg BT 337.93 79.90 Td (Of) Tj ET Q q 0 0 0 rg BT 346.02 79.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 362.31 79.90 Td (DUP) Tj ET Q q 0 0 0 rg BT 378.61 79.90 Td ( ) Tj ET Q q 0 0 0 rg BT 380.18 79.90 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 395.60 79.90 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 412.33 79.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 434.40 79.90 Td ( ) Tj ET Q q 0 0 0 rg BT 435.97 79.90 Td (\() Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.56 79.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 489.06 79.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 506.39 79.90 Td ( ) Tj ET Q q 0 0 0 rg BT 507.95 79.90 Td (- ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 512.11 79.90 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 528.84 79.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.92 79.90 Td (\) ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 68.50 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 68.50 Td (the ) Tj ET Q q 0 0 0 rg BT 77.66 68.50 Td (number ) Tj ET Q q 0 0 0 rg BT 106.24 68.50 Td (of ) Tj ET Q q 0 0 0 rg BT 114.91 68.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 146.09 68.50 Td (units ) Tj ET Q q 0 0 0 rg BT 164.71 68.50 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 180.73 68.50 Td (8,462) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 200.23 68.50 Td ( ) Tj ET Q q 0 0 0 rg BT 202.40 68.50 Td (\() Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 204.99 68.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 256.08 68.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 273.41 68.50 Td ( ) Tj ET Q q 0 0 0 rg BT 275.58 68.50 Td (- ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.34 68.50 Td (7,712) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.84 68.50 Td (\). ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 35) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (RELA) Tj ET Q q 0 0 0 rg BT 70.13 742.10 Td (TED ) Tj ET Q q 0 0 0 rg BT 87.87 742.10 Td (P) Tj ET Q q 0 0 0 rg BT 92.50 742.10 Td (ARTY) Tj ET Q q 0 0 0 rg BT 113.56 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.73 742.10 Td (TRANSACTIONS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 724.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.44 724.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 83.04 724.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.56 724.70 Td (has ) Tj ET Q q 0 0 0 rg BT 100.63 724.70 Td (a ) Tj ET Q q 0 0 0 rg BT 107.47 724.70 Td (management ) Tj ET Q q 0 0 0 rg BT 155.46 724.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 195.21 724.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 211.15 724.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 261.23 724.70 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 307.04 724.70 Td (with ) Tj ET Q q 0 0 0 rg BT 323.40 724.70 Td (SMC, ) Tj ET Q q 0 0 0 rg BT 345.39 724.70 Td (a ) Tj ET Q q 0 0 0 rg BT 352.23 724.70 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 389.81 724.70 Td (of ) Tj ET Q q 0 0 0 rg BT 398.82 724.70 Td (Slate, ) Tj ET Q q 0 0 0 rg BT 421.26 724.70 Td (whereby ) Tj ET Q q 0 0 0 rg BT 453.21 724.70 Td (SMC ) Tj ET Q q 0 0 0 rg BT 473.03 724.70 Td (as ) Tj ET Q q 0 0 0 rg BT 483.77 724.70 Td (the ) Tj ET Q q 0 0 0 rg BT 497.11 724.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 522.76 724.70 Td (manager ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 83.05 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 97.98 713.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 115.59 713.30 Td ( ) Tj ET Q q 0 0 0 rg BT 119.69 713.30 Td (with ) Tj ET Q q 0 0 0 rg BT 137.65 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 152.58 713.30 Td (strategic, ) Tj ET Q q 0 0 0 rg BT 188.30 713.30 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 242.63 713.30 Td (property ) Tj ET Q q 0 0 0 rg BT 275.31 713.30 Td (management, ) Tj ET Q q 0 0 0 rg BT 327.05 713.30 Td (leasing, ) Tj ET Q q 0 0 0 rg BT 358.01 713.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 398.92 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 416.02 713.30 Td (disposition, ) Tj ET Q q 0 0 0 rg BT 459.10 713.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 494.39 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 511.49 713.30 Td (construction ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (management ) Tj ET Q q 0 0 0 rg BT 97.14 701.90 Td (services ) Tj ET Q q 0 0 0 rg BT 127.88 701.90 Td (necessary ) Tj ET Q q 0 0 0 rg BT 165.56 701.90 Td (to ) Tj ET Q q 0 0 0 rg BT 174.22 701.90 Td (manage ) Tj ET Q q 0 0 0 rg BT 204.54 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 217.54 701.90 Td (strategy ) Tj ET Q q 0 0 0 rg BT 247.42 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 262.59 701.90 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 301.56 701.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 340.11 701.90 Td (of ) Tj ET Q q 0 0 0 rg BT 348.78 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 361.77 701.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 379.38 701.90 Td ( ) Tj ET Q q 0 0 0 rg BT 381.55 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 396.71 701.90 Td (its ) Tj ET Q q 0 0 0 rg BT 406.67 701.90 Td (assets. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 684.50 Td (Slate directly and indirectly held the following interests in the REIT) Tj ET Q q 0 0 0 rg BT 276.43 684.50 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 674 m 390 674 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 660 m 390 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 674 m 472 674 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 660 m 472 660 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 674 m 554 674 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 660 m 554 660 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 632 m 390 632 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 632 m 472 632 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 632 m 554 632 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 604 m 390 604 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 604 m 472 604 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 604 m 554 604 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 398.30 664.53 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 664.53 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 650.53 Td (REIT) Tj ET Q q 0 0 0 rg BT 70.18 650.53 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 429.85 650.53 Td (1,687,251) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.85 650.53 Td (1,687,251) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 636.53 Td (Class B LP) Tj ET Q q 0 0 0 rg BT 90.97 636.53 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 429.85 636.53 Td (5,285,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.85 636.53 Td (5,285,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 622.53 Td (T) Tj ET Q q 0 0 0 rg BT 56.40 622.53 Td (otal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 429.85 622.53 Td (6,972,41) Tj ET Q q 0 0 0 rg BT 460.18 622.53 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.85 622.53 Td (6,972,41) Tj ET Q q 0 0 0 rg BT 542.18 622.53 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 608.53 Td (Economic interest) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.35 608.53 Td (1) Tj ET Q q 0 0 0 rg BT 453.68 608.53 Td (1.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.55 608.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 608.53 Td (15.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 608.53 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 71.43 587.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 107.66 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.93 587.10 Td (manager ) Tj ET Q q 0 0 0 rg BT 154.12 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.07 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.34 587.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 193.95 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.40 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.90 587.10 Td (late ) Tj ET Q q 0 0 0 rg BT 219.91 587.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 241.85 587.10 Td (Slate ) Tj ET Q q 0 0 0 rg BT 262.06 587.10 Td (has ) Tj ET Q q 0 0 0 rg BT 277.06 587.10 Td (been ) Tj ET Q q 0 0 0 rg BT 296.84 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.11 587.10 Td (largest ) Tj ET Q q 0 0 0 rg BT 335.94 587.10 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 372.60 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.11 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.39 587.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 411.27 587.10 Td (. ) Tj ET Q q 0 0 0 rg BT 415.40 587.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 455.10 587.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.71 587.10 Td (Slate ) Tj ET Q q 0 0 0 rg BT 479.91 587.10 Td (is ) Tj ET Q q 0 0 0 rg BT 487.98 587.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 510.78 587.10 Td (motivated ) Tj ET Q q 0 0 0 rg BT 547.01 587.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 575.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 81.12 575.70 Td (to ) Tj ET Q q 0 0 0 rg BT 89.79 575.70 Td (grow ) Tj ET Q q 0 0 0 rg BT 108.83 575.70 Td (the ) Tj ET Q q 0 0 0 rg BT 121.83 575.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 160.38 575.70 Td (and ) Tj ET Q q 0 0 0 rg BT 175.55 575.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 206.30 575.70 Td (position ) Tj ET Q q 0 0 0 rg BT 235.32 575.70 Td (of ) Tj ET Q q 0 0 0 rg BT 243.98 575.70 Td (the ) Tj ET Q q 0 0 0 rg BT 256.98 575.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 274.59 575.70 Td ( ) Tj ET Q q 0 0 0 rg BT 276.76 575.70 Td (on ) Tj ET Q q 0 0 0 rg BT 287.59 575.70 Td (an ) Tj ET Q q 0 0 0 rg BT 298.42 575.70 Td (accretive ) Tj ET Q q 0 0 0 rg BT 331.76 575.70 Td (basis. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 558.30 Td (The Management ) Tj ET Q q 0 0 0 rg BT 112.30 558.30 Td (Agreement provides for the following fees:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 547.8 m 143 547.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 532.8 m 143 532.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 143 547.8 m 152 547.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 143 532.8 m 152 532.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 547.8 m 334 547.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 152 532.8 m 334 532.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 547.8 m 342 547.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 334 532.8 m 342 532.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 547.8 m 554 547.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342 532.8 m 554 532.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 442.8 m 143 442.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 143 442.8 m 152 442.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 442.8 m 334 442.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 442.8 m 342 442.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 442.8 m 554 442.8 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 537.33 Td (T) Tj ET Q q 0 0 0 rg BT 56.69 537.33 Td (ype) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.70 537.33 Td (Basis) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 522.33 Td (Property management) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.65 522.33 Td (3% of gross revenue ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 544.28 524.76 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 507.33 Td (Asset management) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.65 507.33 Td (0.3% of gross book value ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 544.31 509.76 Td (\(2\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 492.33 Td (Leasing) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 415.80 492.33 Td (5% on new leases, 2% on renewals \(3\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 477.33 Td (Financing) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.75 477.33 Td (0.25% of debt financed) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 462.33 Td (Construction) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 503.70 462.33 Td (5.0% of costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 447.33 Td (Acquisition) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 514.10 447.33 Td (V) Tj ET Q q 0 0 0 rg BT 518.73 447.33 Td (ariable ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 544.28 449.76 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 434.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.73 434.30 Td (Gross ) Tj ET Q q 0 0 0 rg BT 76.84 434.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 100.78 434.30 Td (is ) Tj ET Q q 0 0 0 rg BT 106.93 434.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 128.82 434.30 Td (as ) Tj ET Q q 0 0 0 rg BT 137.03 434.30 Td (all ) Tj ET Q q 0 0 0 rg BT 144.89 434.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 171.90 434.30 Td (received ) Tj ET Q q 0 0 0 rg BT 196.86 434.30 Td (by ) Tj ET Q q 0 0 0 rg BT 205.07 434.30 Td (and/or ) Tj ET Q q 0 0 0 rg BT 224.22 434.30 Td (on ) Tj ET Q q 0 0 0 rg BT 232.77 434.30 Td (behalf ) Tj ET Q q 0 0 0 rg BT 251.24 434.30 Td (of ) Tj ET Q q 0 0 0 rg BT 258.08 434.30 Td (the ) Tj ET Q q 0 0 0 rg BT 268.34 434.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 282.24 434.30 Td ( ) Tj ET Q q 0 0 0 rg BT 283.95 434.30 Td (from ) Tj ET Q q 0 0 0 rg BT 297.97 434.30 Td (the ) Tj ET Q q 0 0 0 rg BT 308.23 434.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 329.43 434.30 Td (and/or ) Tj ET Q q 0 0 0 rg BT 348.58 434.30 Td (licensing ) Tj ET Q q 0 0 0 rg BT 374.22 434.30 Td (of ) Tj ET Q q 0 0 0 rg BT 381.06 434.30 Td (the ) Tj ET Q q 0 0 0 rg BT 391.32 434.30 Td (the ) Tj ET Q q 0 0 0 rg BT 401.59 434.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 421.56 434.30 Td (properties.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 425.30 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 58.73 425.30 Td (Gross ) Tj ET Q q 0 0 0 rg BT 76.84 425.30 Td (book ) Tj ET Q q 0 0 0 rg BT 91.89 425.30 Td (value ) Tj ET Q q 0 0 0 rg BT 108.30 425.30 Td (is ) Tj ET Q q 0 0 0 rg BT 114.46 425.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 136.35 425.30 Td (as ) Tj ET Q q 0 0 0 rg BT 144.55 425.30 Td (the ) Tj ET Q q 0 0 0 rg BT 154.82 425.30 Td (book ) Tj ET Q q 0 0 0 rg BT 169.86 425.30 Td (value ) Tj ET Q q 0 0 0 rg BT 186.28 425.30 Td (of ) Tj ET Q q 0 0 0 rg BT 193.12 425.30 Td (the ) Tj ET Q q 0 0 0 rg BT 203.38 425.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 223.35 425.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 242.84 425.30 Td (as ) Tj ET Q q 0 0 0 rg BT 251.05 425.30 Td (shown ) Tj ET Q q 0 0 0 rg BT 270.54 425.30 Td (on ) Tj ET Q q 0 0 0 rg BT 279.09 425.30 Td (the ) Tj ET Q q 0 0 0 rg BT 289.35 425.30 Td (previous ) Tj ET Q q 0 0 0 rg BT 314.31 425.30 Td (quarter's ) Tj ET Q q 0 0 0 rg BT 339.76 425.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 376.01 425.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.29 425.30 Td (statements, ) Tj ET Q q 0 0 0 rg BT 433.80 425.30 Td (less ) Tj ET Q q 0 0 0 rg BT 446.45 425.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 473.45 425.30 Td (cash.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 416.30 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 58.80 416.30 Td (Leasing ) Tj ET Q q 0 0 0 rg BT 82.13 416.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 95.54 416.30 Td (are ) Tj ET Q q 0 0 0 rg BT 106.21 416.30 Td (charged ) Tj ET Q q 0 0 0 rg BT 130.22 416.30 Td (to ) Tj ET Q q 0 0 0 rg BT 137.14 416.30 Td (the ) Tj ET Q q 0 0 0 rg BT 147.48 416.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 161.38 416.30 Td ( ) Tj ET Q q 0 0 0 rg BT 163.16 416.30 Td (net ) Tj ET Q q 0 0 0 rg BT 173.50 416.30 Td (of ) Tj ET Q q 0 0 0 rg BT 180.41 416.30 Td (any ) Tj ET Q q 0 0 0 rg BT 192.12 416.30 Td (third ) Tj ET Q q 0 0 0 rg BT 205.86 416.30 Td (party ) Tj ET Q q 0 0 0 rg BT 221.32 416.30 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 250.80 416.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 264.21 416.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 277.63 416.30 Td (to ) Tj ET Q q 0 0 0 rg BT 284.54 416.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 305.82 416.30 Td (agents ) Tj ET Q q 0 0 0 rg BT 326.07 416.30 Td (retained ) Tj ET Q q 0 0 0 rg BT 350.08 416.30 Td (by ) Tj ET Q q 0 0 0 rg BT 358.36 416.30 Td (the ) Tj ET Q q 0 0 0 rg BT 368.70 416.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 382.02 416.30 Td (. ) Tj ET Q q 0 0 0 rg BT 385.52 416.30 Td (No ) Tj ET Q q 0 0 0 rg BT 395.16 416.30 Td (fee ) Tj ET Q q 0 0 0 rg BT 405.50 416.30 Td (is ) Tj ET Q q 0 0 0 rg BT 411.73 416.30 Td (charged ) Tj ET Q q 0 0 0 rg BT 435.74 416.30 Td (to ) Tj ET Q q 0 0 0 rg BT 442.65 416.30 Td (the ) Tj ET Q q 0 0 0 rg BT 452.99 416.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 466.89 416.30 Td ( ) Tj ET Q q 0 0 0 rg BT 468.67 416.30 Td (where ) Tj ET Q q 0 0 0 rg BT 487.21 416.30 Td (such ) Tj ET Q q 0 0 0 rg BT 501.98 416.30 Td (third ) Tj ET Q q 0 0 0 rg BT 515.73 416.30 Td (party ) Tj ET Q q 0 0 0 rg BT 531.19 416.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 544.60 416.30 Td (are ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 407.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 66.26 407.30 Td (to ) Tj ET Q q 0 0 0 rg BT 73.10 407.30 Td (or ) Tj ET Q q 0 0 0 rg BT 80.28 407.30 Td (greater ) Tj ET Q q 0 0 0 rg BT 101.48 407.30 Td (than ) Tj ET Q q 0 0 0 rg BT 115.16 407.30 Td (the ) Tj ET Q q 0 0 0 rg BT 125.42 407.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 141.83 407.30 Td (fee ) Tj ET Q q 0 0 0 rg BT 152.09 407.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 175.35 407.30 Td (to ) Tj ET Q q 0 0 0 rg BT 182.19 407.30 Td (SLAM.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 398.30 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 58.39 398.30 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 89.84 398.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 103.18 398.30 Td (are ) Tj ET Q q 0 0 0 rg BT 113.78 398.30 Td (1.0% ) Tj ET Q q 0 0 0 rg BT 129.51 398.30 Td (on ) Tj ET Q q 0 0 0 rg BT 138.06 398.30 Td (the ) Tj ET Q q 0 0 0 rg BT 148.32 398.30 Td (first ) Tj ET Q q 0 0 0 rg BT 159.94 398.30 Td ($100 ) Tj ET Q q 0 0 0 rg BT 175.34 398.30 Td (million ) Tj ET Q q 0 0 0 rg BT 194.48 398.30 Td (of ) Tj ET Q q 0 0 0 rg BT 201.32 398.30 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 236.88 398.30 Td (0.75% ) Tj ET Q q 0 0 0 rg BT 256.03 398.30 Td (on ) Tj ET Q q 0 0 0 rg BT 264.58 398.30 Td (the ) Tj ET Q q 0 0 0 rg BT 274.84 398.30 Td (next ) Tj ET Q q 0 0 0 rg BT 288.18 398.30 Td ($100 ) Tj ET Q q 0 0 0 rg BT 303.57 398.30 Td (million ) Tj ET Q q 0 0 0 rg BT 322.71 398.30 Td (of ) Tj ET Q q 0 0 0 rg BT 329.55 398.30 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 363.40 398.30 Td (and ) Tj ET Q q 0 0 0 rg BT 375.37 398.30 Td (0.50% ) Tj ET Q q 0 0 0 rg BT 394.52 398.30 Td (for ) Tj ET Q q 0 0 0 rg BT 403.41 398.30 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 437.26 398.30 Td (in ) Tj ET Q q 0 0 0 rg BT 443.76 398.30 Td (excess ) Tj ET Q q 0 0 0 rg BT 464.61 398.30 Td (of ) Tj ET Q q 0 0 0 rg BT 471.46 398.30 Td ($200 ) Tj ET Q q 0 0 0 rg BT 486.85 398.30 Td (million. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 380.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 380.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.70 380.90 Td ( ) Tj ET Q q 0 0 0 rg BT 84.87 380.90 Td (incurred ) Tj ET Q q 0 0 0 rg BT 115.18 380.90 Td (the ) Tj ET Q q 0 0 0 rg BT 128.17 380.90 Td (following ) Tj ET Q q 0 0 0 rg BT 160.65 380.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 177.55 380.90 Td (under ) Tj ET Q q 0 0 0 rg BT 199.64 380.90 Td (the ) Tj ET Q q 0 0 0 rg BT 212.63 380.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 259.85 380.90 Td (Agreement: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 364.4 m 254 364.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 364.4 m 329 364.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 364.4 m 404 364.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 364.4 m 479 364.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 364.4 m 554 364.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 336.4 m 254 336.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 336.4 m 329 336.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 336.4 m 404 336.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 336.4 m 479 336.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 336.4 m 554 336.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 336.4 m 329 336.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 336.4 m 404 336.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 336.4 m 479 336.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 336.4 m 554 336.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 283.4 m 554 283.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 283.4 m 254 283.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 270.4 m 254 270.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 283.4 m 329 283.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 270.4 m 329 270.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 283.4 m 404 283.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 270.4 m 404 270.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 283.4 m 479 283.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 270.4 m 479 270.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 283.4 m 554 283.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 270.4 m 554 270.4 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.50 354.93 Td (Three months ended December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.80 354.93 Td (Y) Tj ET Q q 0 0 0 rg BT 464.64 354.93 Td (ear ended December 31,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.15 340.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.15 340.93 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.15 340.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 340.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 326.98 Td (Property management) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 264.50 326.98 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.90 326.98 Td (985) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 326.98 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 326.98 Td (1,058) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 414.50 326.98 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.40 326.98 Td (4,199) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 489.50 326.98 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 326.98 Td (3,513) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 313.98 Td (Asset management) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.40 313.98 Td (1,013) Tj ET Q BT /F3 9.50 Tf ET q 0 0 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0 0 rg BT 333.50 273.98 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 273.98 Td (2,104) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.50 273.98 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.05 273.98 Td (14,892) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 273.98 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 273.98 Td (10,196) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 253.50 Td (Property ) Tj ET Q q 0 0 0 rg BT 81.68 253.50 Td (administration ) Tj ET Q q 0 0 0 rg BT 132.92 253.50 Td (fees ) Tj ET Q q 0 0 0 rg BT 150.38 253.50 Td (are ) Tj ET Q q 0 0 0 rg BT 164.38 253.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 198.73 253.50 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 242.17 253.50 Td (under ) Tj ET Q q 0 0 0 rg BT 264.83 253.50 Td (the ) Tj ET Q q 0 0 0 rg BT 278.40 253.50 Td (tenants) Tj ET Q q 0 0 0 rg BT 305.41 253.50 Td ( ) Tj ET Q q 0 0 0 rg BT 308.15 253.50 Td (leases ) Tj ET Q q 0 0 0 rg BT 333.41 253.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 361.70 253.50 Td (to ) Tj ET Q q 0 0 0 rg BT 370.93 253.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 396.19 253.50 Td (or ) Tj ET Q q 0 0 0 rg BT 405.85 253.50 Td (resources ) Tj ET Q q 0 0 0 rg BT 442.80 253.50 Td (of ) Tj ET Q q 0 0 0 rg BT 452.04 253.50 Td (the ) Tj ET Q q 0 0 0 rg BT 465.60 253.50 Td (Manager ) Tj ET Q q 0 0 0 rg BT 499.09 253.50 Td (that ) Tj ET Q q 0 0 0 rg BT 514.82 253.50 Td (are ) Tj ET Q q 0 0 0 rg BT 528.82 253.50 Td (directly ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 90.53 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.50 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.81 242.10 Td (management ) Tj ET Q q 0 0 0 rg BT 160.76 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.74 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.05 242.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 202.39 242.10 Td (s ) Tj ET Q q 0 0 0 rg BT 208.76 242.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 248.05 242.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 279.97 242.10 Td 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q 0 0 0 rg BT 144.04 230.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 161.37 230.10 Td (, ) Tj ET Q q 0 0 0 rg BT 166.27 230.10 Td (respectively ) Tj ET Q q 0 0 0 rg BT 210.15 230.10 Td (\() Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 212.74 230.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 264.41 230.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.74 230.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.48 230.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 291.55 230.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 309.45 230.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.53 230.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 334.69 230.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.69 230.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.85 230.10 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 368.75 230.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.83 230.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 397.79 230.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 449.45 230.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 466.92 230.10 Td (are ) Tj ET Q q 0 0 0 rg BT 480.91 230.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 518.29 230.10 Td (from ) Tj ET Q q 0 0 0 rg BT 536.62 230.10 Td (most ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 218.70 Td (tenants ) Tj ET Q q 0 0 0 rg BT 78.00 218.70 Td (by ) Tj ET Q q 0 0 0 rg BT 89.18 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 102.96 218.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 120.56 218.70 Td ( ) Tj ET Q q 0 0 0 rg BT 123.51 218.70 Td (in ) Tj ET Q q 0 0 0 rg BT 132.52 218.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 175.74 218.70 Td (with ) Tj ET Q q 0 0 0 rg BT 192.54 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.32 218.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 228.74 218.70 Td (of ) Tj ET Q q 0 0 0 rg BT 238.18 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 251.96 218.70 Td (leases, ) Tj ET Q q 0 0 0 rg BT 279.59 218.70 Td (whereas ) Tj ET Q q 0 0 0 rg BT 311.98 218.70 Td (property ) Tj ET Q q 0 0 0 rg BT 343.51 218.70 Td (management ) Tj ET Q q 0 0 0 rg BT 391.92 218.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 409.60 218.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 439.83 218.70 Td (by ) Tj ET Q q 0 0 0 rg BT 451.01 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 464.78 218.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 482.39 218.70 Td ( ) Tj ET Q q 0 0 0 rg BT 485.34 218.70 Td (to ) Tj ET Q q 0 0 0 rg BT 494.78 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 508.56 218.70 Td (Manager ) Tj ET Q q 0 0 0 rg BT 542.25 218.70 Td (are ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 207.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 90.64 207.30 Td (in ) Tj ET Q q 0 0 0 rg BT 98.87 207.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 141.32 207.30 Td (with ) Tj ET Q q 0 0 0 rg BT 157.33 207.30 Td (the ) Tj ET Q q 0 0 0 rg BT 170.33 207.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 217.54 207.30 Td (Agreement. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 189.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.20 189.90 Td (following ) Tj ET Q q 0 0 0 rg BT 97.79 189.90 Td (is ) Tj ET Q q 0 0 0 rg BT 105.69 189.90 Td (a ) Tj ET Q q 0 0 0 rg BT 112.30 189.90 Td (summary ) Tj ET Q q 0 0 0 rg BT 146.60 189.90 Td (of ) Tj ET Q q 0 0 0 rg BT 155.38 189.90 Td (the ) Tj ET Q q 0 0 0 rg BT 168.48 189.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.28 189.90 Td (and ) Tj ET Q q 0 0 0 rg BT 208.55 189.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 240.27 189.90 Td (included ) Tj ET Q q 0 0 0 rg BT 271.57 189.90 Td (in ) Tj ET Q q 0 0 0 rg BT 279.90 189.90 Td (the ) Tj ET Q q 0 0 0 rg BT 293.01 189.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 339.04 189.90 Td (statement ) Tj ET Q q 0 0 0 rg BT 375.53 189.90 Td (of ) Tj ET Q q 0 0 0 rg BT 384.30 189.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 415.16 189.90 Td (position ) Tj ET Q q 0 0 0 rg BT 444.29 189.90 Td (of ) Tj ET Q q 0 0 0 rg BT 453.06 189.90 Td (the ) Tj ET Q q 0 0 0 rg BT 466.17 189.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 483.78 189.90 Td ( ) Tj ET Q q 0 0 0 rg BT 486.06 189.90 Td (related ) Tj ET Q q 0 0 0 rg BT 512.15 189.90 Td (to ) Tj ET Q q 0 0 0 rg BT 520.93 189.90 Td (SMC ) Tj ET Q q 0 0 0 rg BT 540.51 189.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 178.50 Td (Slate:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 162 m 390 162 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 148 m 390 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 162 m 472 162 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 148 m 472 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 162 m 554 162 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 148 m 554 148 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390 148 m 472 148 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472 148 m 554 148 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 103 m 390 103 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 103 m 472 103 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 103 m 554 103 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 398.30 152.53 Td (December 31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 152.53 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 137.53 Td (Accounts receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.50 137.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.90 137.53 Td (461) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 137.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 137.53 Td (469) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 122.53 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.40 122.53 Td (1,028) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 122.53 Td (215) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 107.53 Td (Class B LP) Tj ET Q q 0 0 0 rg BT 90.90 107.53 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.05 107.53 Td (43,021) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 107.53 Td (41,753) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (On ) Tj ET Q q 0 0 0 rg BT 61.80 86.10 Td (September ) Tj ET Q q 0 0 0 rg BT 101.81 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ET q 0 0 0 rg BT 49.50 694.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 74.54 694.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 105.03 694.10 Td (position ) Tj ET Q q 0 0 0 rg BT 133.79 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.69 694.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 173.55 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.95 694.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 213.32 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 223.89 694.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 236.62 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 257.15 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.55 694.10 Td (net ) Tj ET Q q 0 0 0 rg BT 278.29 694.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 307.48 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.38 694.10 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 347.66 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.40 694.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 373.13 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 393.66 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.07 694.10 Td (real ) Tj ET Q q 0 0 0 rg BT 416.96 694.10 Td (property ) Tj ET Q q 0 0 0 rg BT 447.45 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 454.98 694.10 Td (characterized ) Tj ET Q q 0 0 0 rg BT 503.65 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 513.79 694.10 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 551.33 694.10 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 682.70 Td (both ) Tj ET Q q 0 0 0 rg BT 67.37 682.70 Td (in ) Tj ET Q q 0 0 0 rg BT 76.13 682.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 98.31 682.70 Td (of ) Tj ET Q q 0 0 0 rg BT 107.52 682.70 Td (dif) Tj ET Q q 0 0 0 rg BT 115.61 682.70 Td (ferences ) Tj ET Q q 0 0 0 rg BT 148.20 682.70 Td (between ) Tj ET Q q 0 0 0 rg BT 180.35 682.70 Td (dif) Tj ET Q q 0 0 0 rg BT 188.44 682.70 Td (ferent ) Tj ET Q q 0 0 0 rg BT 211.07 682.70 Td (methods ) Tj ET Q q 0 0 0 rg BT 243.66 682.70 Td (of ) Tj ET Q q 0 0 0 rg BT 252.86 682.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 286.75 682.70 Td (but ) Tj ET Q q 0 0 0 rg BT 300.28 682.70 Td (also ) Tj ET Q q 0 0 0 rg BT 317.28 682.70 Td (in ) Tj ET Q q 0 0 0 rg BT 326.04 682.70 Td (the ) Tj ET Q q 0 0 0 rg BT 339.58 682.70 Td (selection ) Tj ET Q q 0 0 0 rg BT 373.03 682.70 Td (of ) Tj ET Q q 0 0 0 rg BT 382.23 682.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 428.67 682.70 Td (to ) Tj ET Q q 0 0 0 rg BT 437.87 682.70 Td (reflect ) Tj ET Q q 0 0 0 rg BT 461.79 682.70 Td (the ) Tj ET Q q 0 0 0 rg BT 475.33 682.70 Td (property ) Tj ET Q q 0 0 0 rg BT 506.61 682.70 Td (being ) Tj ET Q q 0 0 0 rg BT 528.37 682.70 Td (valued, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 671.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 75.04 671.30 Td (of ) Tj ET Q q 0 0 0 rg BT 83.69 671.30 Td (which ) Tj ET Q q 0 0 0 rg BT 105.75 671.30 Td (are ) Tj ET Q q 0 0 0 rg BT 119.16 671.30 Td (subjective. ) Tj ET Q q 0 0 0 rg BT 157.99 671.30 Td (There ) Tj ET Q q 0 0 0 rg BT 180.49 671.30 Td (is ) Tj ET Q q 0 0 0 rg BT 188.27 671.30 Td (no ) Tj ET Q q 0 0 0 rg BT 199.08 671.30 Td (assurance ) Tj ET Q q 0 0 0 rg BT 237.18 671.30 Td (that ) Tj ET Q q 0 0 0 rg BT 252.33 671.30 Td (Management's, ) Tj ET Q q 0 0 0 rg BT 307.51 671.30 Td (or ) Tj ET Q q 0 0 0 rg BT 316.59 671.30 Td (a ) Tj ET Q q 0 0 0 rg BT 323.07 671.30 Td (third-party's, ) Tj ET Q q 0 0 0 rg BT 367.85 671.30 Td (estimate ) Tj ET Q q 0 0 0 rg BT 399.45 671.30 Td (of ) Tj ET Q q 0 0 0 rg BT 408.10 671.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 421.07 671.30 Td (value ) Tj ET Q q 0 0 0 rg BT 441.85 671.30 Td (would ) Tj ET Q q 0 0 0 rg BT 464.35 671.30 Td (be ) Tj ET Q q 0 0 0 rg BT 475.16 671.30 Td (realized ) Tj ET Q q 0 0 0 rg BT 504.59 671.30 Td (on ) Tj ET Q q 0 0 0 rg BT 515.41 671.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 531.85 671.30 Td (due ) Tj ET Q q 0 0 0 rg BT 547.00 671.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 659.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 659.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 90.66 659.90 Td (and ) Tj ET Q q 0 0 0 rg BT 105.83 659.90 Td (unique ) Tj ET Q q 0 0 0 rg BT 131.39 659.90 Td (aspects ) Tj ET Q q 0 0 0 rg BT 160.42 659.90 Td (of ) Tj ET Q q 0 0 0 rg BT 169.09 659.90 Td (real ) Tj ET Q q 0 0 0 rg BT 184.25 659.90 Td (property) Tj ET Q q 0 0 0 rg BT 212.26 659.90 Td (, ) Tj ET Q q 0 0 0 rg BT 216.60 659.90 Td (including ) Tj ET Q q 0 0 0 rg BT 249.52 659.90 Td (their ) Tj ET Q q 0 0 0 rg BT 266.85 659.90 Td (location, ) Tj ET Q q 0 0 0 rg BT 298.04 659.90 Td (liquidity) Tj ET Q q 0 0 0 rg BT 323.45 659.90 Td (, ) Tj ET Q q 0 0 0 rg BT 327.79 659.90 Td (tenants ) Tj ET Q q 0 0 0 rg BT 355.52 659.90 Td (and ) Tj ET Q q 0 0 0 rg BT 370.69 659.90 Td (the ) Tj ET Q q 0 0 0 rg BT 383.69 659.90 Td (local ) Tj ET Q q 0 0 0 rg BT 401.89 659.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 432.21 659.90 Td (and ) Tj ET Q q 0 0 0 rg BT 447.38 659.90 Td (supply ) Tj ET Q q 0 0 0 rg BT 472.07 659.90 Td (of ) Tj ET Q q 0 0 0 rg BT 480.74 659.90 Td (competing ) Tj ET Q q 0 0 0 rg BT 518.86 659.90 Td (properties ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 648.50 Td (for ) Tj ET Q q 0 0 0 rg BT 60.76 648.50 Td (tenants. ) Tj ET Q q 0 0 0 rg BT 90.65 648.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 631.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.64 631.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.25 631.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.96 631.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 124.22 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.76 631.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 149.30 631.10 Td (value ) Tj ET Q q 0 0 0 rg BT 169.64 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.85 631.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 214.21 631.10 Td (based ) Tj ET Q q 0 0 0 rg BT 237.15 631.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 256.20 631.10 Td (either ) Tj ET Q q 0 0 0 rg BT 277.40 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.95 631.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 314.61 631.10 Td (income ) Tj ET Q q 0 0 0 rg BT 341.44 631.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 388.20 631.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 403.34 631.10 Td (method ) Tj ET Q q 0 0 0 rg BT 431.04 631.10 Td (or ) Tj ET Q q 0 0 0 rg BT 439.68 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.22 631.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 491.62 631.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 509.80 631.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 525.36 631.10 Td (method, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 619.70 Td (direct ) Tj ET Q q 0 0 0 rg BT 71.49 619.70 Td (comparison ) Tj ET Q q 0 0 0 rg BT 114.71 619.70 Td (approach ) Tj ET Q q 0 0 0 rg BT 150.13 619.70 Td (or ) Tj ET Q q 0 0 0 rg BT 160.00 619.70 Td (through ) Tj ET Q q 0 0 0 rg BT 189.37 619.70 Td (a ) Tj ET Q q 0 0 0 rg BT 196.64 619.70 Td (combination ) Tj ET Q q 0 0 0 rg BT 241.60 619.70 Td (of ) Tj ET Q q 0 0 0 rg BT 251.04 619.70 Td (methods. ) Tj ET Q q 0 0 0 rg BT 285.45 619.70 Td (All ) Tj ET Q q 0 0 0 rg BT 297.05 619.70 Td (methods ) Tj ET Q q 0 0 0 rg BT 329.87 619.70 Td (are ) Tj ET Q q 0 0 0 rg BT 344.08 619.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 378.63 619.70 Td (accepted ) Tj ET Q q 0 0 0 rg BT 413.20 619.70 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 447.75 619.70 Td (methodologies. ) Tj ET Q q 0 0 0 rg BT 503.54 619.70 Td (If ) Tj ET Q q 0 0 0 rg BT 510.81 619.70 Td (a ) Tj ET Q q 0 0 0 rg BT 518.09 619.70 Td (third ) Tj ET Q q 0 0 0 rg BT 536.19 619.70 Td (party ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 608.30 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 83.06 608.30 Td (is ) Tj ET Q q 0 0 0 rg BT 90.64 608.30 Td (not ) Tj ET Q q 0 0 0 rg BT 103.42 608.30 Td (obtained ) Tj ET Q q 0 0 0 rg BT 135.26 608.30 Td (for ) Tj ET Q q 0 0 0 rg BT 146.30 608.30 Td (a ) Tj ET Q q 0 0 0 rg BT 152.59 608.30 Td (property) Tj ET Q q 0 0 0 rg BT 180.60 608.30 Td (, ) Tj ET Q q 0 0 0 rg BT 184.71 608.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 232.14 608.30 Td (uses ) Tj ET Q q 0 0 0 rg BT 250.54 608.30 Td (one ) Tj ET Q q 0 0 0 rg BT 265.49 608.30 Td (or ) Tj ET Q q 0 0 0 rg BT 274.37 608.30 Td (a ) Tj ET Q q 0 0 0 rg BT 280.65 608.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 324.61 608.30 Td (of ) Tj ET Q q 0 0 0 rg BT 333.06 608.30 Td (the ) Tj ET Q q 0 0 0 rg BT 345.84 608.30 Td (overall ) Tj ET Q q 0 0 0 rg BT 370.73 608.30 Td (income ) Tj ET Q q 0 0 0 rg BT 397.80 608.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 444.79 608.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 460.17 608.30 Td (method ) Tj ET Q q 0 0 0 rg BT 488.10 608.30 Td (and ) Tj ET Q q 0 0 0 rg BT 503.05 608.30 Td (the ) Tj ET Q q 0 0 0 rg BT 515.83 608.30 Td (discounted ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 596.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 67.89 596.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 83.68 596.90 Td (method. ) Tj ET Q q 0 0 0 rg BT 113.77 596.90 Td (In ) Tj ET Q q 0 0 0 rg BT 122.20 596.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 147.52 596.90 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 199.25 596.90 Td (the ) Tj ET Q q 0 0 0 rg BT 212.02 596.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 233.00 596.90 Td (comparison ) Tj ET Q q 0 0 0 rg BT 275.21 596.90 Td (approach ) Tj ET Q q 0 0 0 rg BT 309.63 596.90 Td (is ) Tj ET Q q 0 0 0 rg BT 317.19 596.90 Td (used ) Tj ET Q q 0 0 0 rg BT 336.02 596.90 Td (by ) Tj ET Q q 0 0 0 rg BT 346.18 596.90 Td (comparing ) Tj ET Q q 0 0 0 rg BT 384.49 596.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 421.07 596.90 Td (to ) Tj ET Q q 0 0 0 rg BT 429.50 596.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 453.94 596.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 490.52 596.90 Td (that ) Tj ET Q q 0 0 0 rg BT 505.45 596.90 Td (have ) Tj ET Q q 0 0 0 rg BT 524.28 596.90 Td (sold, ) Tj ET Q q 0 0 0 rg BT 542.67 596.90 Td (but ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 585.50 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 82.58 585.50 Td (for ) Tj ET Q q 0 0 0 rg BT 93.56 585.50 Td (dif) Tj ET Q q 0 0 0 rg BT 101.65 585.50 Td (ferences ) Tj ET Q q 0 0 0 rg BT 133.42 585.50 Td (in ) Tj ET Q q 0 0 0 rg BT 141.38 585.50 Td (the ) Tj ET Q q 0 0 0 rg BT 154.10 585.50 Td (nature, ) Tj ET Q q 0 0 0 rg BT 180.24 585.50 Td (location ) Tj ET Q q 0 0 0 rg BT 208.99 585.50 Td (and ) Tj ET Q q 0 0 0 rg BT 223.87 585.50 Td (other ) Tj ET Q q 0 0 0 rg BT 243.52 585.50 Td (relevant ) Tj ET Q q 0 0 0 rg BT 273.12 585.50 Td (considerations ) Tj ET Q q 0 0 0 rg BT 325.25 585.50 Td (of ) Tj ET Q q 0 0 0 rg BT 333.64 585.50 Td (the ) Tj ET Q q 0 0 0 rg BT 346.36 585.50 Td (properties. ) Tj ET Q q 0 0 0 rg BT 385.06 585.50 Td ( ) Tj ET Q q 0 0 0 rg BT 386.83 585.50 Td (The ) Tj ET Q q 0 0 0 rg BT 402.14 585.50 Td (valuation ) Tj ET Q q 0 0 0 rg BT 435.22 585.50 Td (methodology ) Tj ET Q q 0 0 0 rg BT 481.72 585.50 Td (used, ) Tj ET Q q 0 0 0 rg BT 502.67 585.50 Td (or ) Tj ET Q q 0 0 0 rg BT 511.48 585.50 Td (combination ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 574.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 111.01 574.10 Td (used, ) Tj ET Q q 0 0 0 rg BT 132.23 574.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.03 574.10 Td (based ) Tj ET Q q 0 0 0 rg BT 163.42 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 174.25 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.25 574.10 Td (applicability ) Tj ET Q q 0 0 0 rg BT 229.69 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.85 574.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 277.33 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.99 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.99 574.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 326.27 574.10 Td (approaches ) Tj ET Q q 0 0 0 rg BT 369.15 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.38 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.38 574.10 Td (context ) Tj ET Q q 0 0 0 rg BT 417.67 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.33 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.33 574.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 466.19 574.10 Td (property) Tj ET Q q 0 0 0 rg BT 494.20 574.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 554.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.02 554.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 77.94 554.70 Td (values ) Tj ET Q q 0 0 0 rg BT 102.56 554.70 Td (of ) Tj ET Q q 0 0 0 rg BT 111.16 554.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 147.90 554.70 Td (are ) Tj ET Q q 0 0 0 rg BT 161.26 554.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 198.00 554.70 Td (individually ) Tj ET Q q 0 0 0 rg BT 238.21 554.70 Td (without ) Tj ET Q q 0 0 0 rg BT 264.99 554.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 313.43 554.70 Td (to ) Tj ET Q q 0 0 0 rg BT 322.03 554.70 Td (their ) Tj ET Q q 0 0 0 rg BT 339.28 554.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 376.47 554.70 Td (value ) Tj ET Q q 0 0 0 rg BT 397.19 554.70 Td (on ) Tj ET Q q 0 0 0 rg BT 407.95 554.70 Td (a ) Tj ET Q q 0 0 0 rg BT 414.38 554.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 444.20 554.70 Td (basis. ) Tj ET Q q 0 0 0 rg BT 466.65 554.70 Td (No ) Tj ET Q q 0 0 0 rg BT 478.71 554.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 527.15 554.70 Td (is ) Tj ET Q q 0 0 0 rg BT 534.87 554.70 Td (given ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 543.30 Td (to ) Tj ET Q q 0 0 0 rg BT 58.33 543.30 Td (diversification ) Tj ET Q q 0 0 0 rg BT 107.87 543.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 137.50 543.30 Td (related ) Tj ET Q q 0 0 0 rg BT 163.65 543.30 Td (to ) Tj ET Q q 0 0 0 rg BT 172.49 543.30 Td (single ) Tj ET Q q 0 0 0 rg BT 195.18 543.30 Td (property ) Tj ET Q q 0 0 0 rg BT 226.09 543.30 Td (tenant ) Tj ET Q q 0 0 0 rg BT 250.09 543.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 264.55 543.30 Td (and ) Tj ET Q q 0 0 0 rg BT 279.88 543.30 Td (geography) Tj ET Q q 0 0 0 rg BT 316.13 543.30 Td (, ) Tj ET Q q 0 0 0 rg BT 320.63 543.30 Td (the ) Tj ET Q q 0 0 0 rg BT 333.80 543.30 Td (value ) Tj ET Q q 0 0 0 rg BT 354.76 543.30 Td (of ) Tj ET Q q 0 0 0 rg BT 363.59 543.30 Td (assembling ) Tj ET Q q 0 0 0 rg BT 405.33 543.30 Td (a ) Tj ET Q q 0 0 0 rg BT 412.00 543.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 442.06 543.30 Td (or ) Tj ET Q q 0 0 0 rg BT 451.32 543.30 Td (to ) Tj ET Q q 0 0 0 rg BT 460.15 543.30 Td (the ) Tj ET Q q 0 0 0 rg BT 473.32 543.30 Td (utilization ) Tj ET Q q 0 0 0 rg BT 508.14 543.30 Td (of ) Tj ET Q q 0 0 0 rg BT 516.97 543.30 Td (a ) Tj ET Q q 0 0 0 rg BT 523.64 543.30 Td (common ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 531.90 Td (management ) Tj ET Q q 0 0 0 rg BT 97.30 531.90 Td (platform, ) Tj ET Q q 0 0 0 rg BT 129.93 531.90 Td (amongst ) Tj ET Q q 0 0 0 rg BT 162.14 531.90 Td (other ) Tj ET Q q 0 0 0 rg BT 182.23 531.90 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 213.55 531.90 Td (As ) Tj ET Q q 0 0 0 rg BT 224.97 531.90 Td (a ) Tj ET Q q 0 0 0 rg BT 231.62 531.90 Td (result, ) Tj ET Q q 0 0 0 rg BT 255.17 531.90 Td (the ) Tj ET Q q 0 0 0 rg BT 268.32 531.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 281.47 531.90 Td (value ) Tj ET Q q 0 0 0 rg BT 302.42 531.90 Td (of ) Tj ET Q q 0 0 0 rg BT 311.25 531.90 Td (the ) Tj ET Q q 0 0 0 rg BT 324.40 531.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 343.74 531.90 Td (s ) Tj ET Q q 0 0 0 rg BT 349.96 531.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 386.93 531.90 Td (taken ) Tj ET Q q 0 0 0 rg BT 408.32 531.90 Td (in ) Tj ET Q q 0 0 0 rg BT 416.70 531.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 454.12 531.90 Td (may ) Tj ET Q q 0 0 0 rg BT 471.16 531.90 Td (dif) Tj ET Q q 0 0 0 rg BT 479.26 531.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 490.67 531.90 Td (from ) Tj ET Q q 0 0 0 rg BT 508.58 531.90 Td (the ) Tj ET Q q 0 0 0 rg BT 521.74 531.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 534.89 531.90 Td (value ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 520.50 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 520.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 94.97 520.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 131.78 520.50 Td (individually ) Tj ET Q q 0 0 0 rg BT 172.06 520.50 Td (in ) Tj ET Q q 0 0 0 rg BT 180.29 520.50 Td (the ) Tj ET Q q 0 0 0 rg BT 193.29 520.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 212.62 520.50 Td (s ) Tj ET Q q 0 0 0 rg BT 218.69 520.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 264.60 520.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 304.88 520.50 Td (of ) Tj ET Q q 0 0 0 rg BT 313.55 520.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.30 520.50 Td (position. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 501.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 501.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 501.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 501.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 501.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 146.06 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.72 501.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.72 501.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 220.56 501.10 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 261.71 501.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.11 501.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 319.75 501.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.41 501.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 360.03 501.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.02 501.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 386.01 501.10 Td (value ) Tj ET Q q 0 0 0 rg BT 406.80 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.47 501.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.47 501.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 453.77 501.10 Td (properties: ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 49.50 481.70 Td (Overall ) Tj ET Q q 0 0 0 rg BT 76.35 481.70 Td (income ) Tj ET Q q 0 0 0 rg BT 103.63 481.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 150.84 481.70 Td (approach) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 462.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.62 462.30 Td (overall ) Tj ET Q q 0 0 0 rg BT 91.26 462.30 Td (income ) Tj ET Q q 0 0 0 rg BT 119.06 462.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 166.80 462.30 Td (approach ) Tj ET Q q 0 0 0 rg BT 201.97 462.30 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 238.02 462.30 Td (a ) Tj ET Q q 0 0 0 rg BT 245.04 462.30 Td (property's ) Tj ET Q q 0 0 0 rg BT 281.70 462.30 Td (potential ) Tj ET Q q 0 0 0 rg BT 313.85 462.30 Td (to ) Tj ET Q q 0 0 0 rg BT 323.04 462.30 Td (generate ) Tj ET Q q 0 0 0 rg BT 356.49 462.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 375.63 462.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 396.07 462.30 Td (and ) Tj ET Q q 0 0 0 rg BT 411.76 462.30 Td (converts ) Tj ET Q q 0 0 0 rg BT 443.90 462.30 Td (those ) Tj ET Q q 0 0 0 rg BT 465.65 462.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 484.80 462.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 505.24 462.30 Td (into ) Tj ET Q q 0 0 0 rg BT 520.50 462.30 Td (a ) Tj ET Q q 0 0 0 rg BT 527.52 462.30 Td (present ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 450.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 71.80 450.90 Td ( ) Tj ET Q q 0 0 0 rg BT 73.32 450.90 Td (Generally) Tj ET Q q 0 0 0 rg BT 106.09 450.90 Td (, ) Tj ET Q q 0 0 0 rg BT 109.77 450.90 Td (the ) Tj ET Q q 0 0 0 rg BT 122.12 450.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 139.73 450.90 Td ( ) Tj ET Q q 0 0 0 rg BT 141.24 450.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 176.10 450.90 Td (a ) Tj ET Q q 0 0 0 rg BT 181.94 450.90 Td (stabilized ) Tj ET Q q 0 0 0 rg BT 215.94 450.90 Td (net ) Tj ET Q q 0 0 0 rg BT 228.28 450.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 262.28 450.90 Td (income ) Tj ET Q q 0 0 0 rg BT 288.91 450.90 Td (and ) Tj ET Q q 0 0 0 rg BT 303.42 450.90 Td (applies ) Tj ET Q q 0 0 0 rg BT 329.62 450.90 Td (a ) Tj ET Q q 0 0 0 rg BT 335.47 450.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 382.03 450.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 396.96 450.90 Td (to ) Tj ET Q q 0 0 0 rg BT 404.98 450.90 Td (that ) Tj ET Q q 0 0 0 rg BT 419.49 450.90 Td (income ) Tj ET Q q 0 0 0 rg BT 446.12 450.90 Td (to ) Tj ET Q q 0 0 0 rg BT 454.13 450.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 485.09 450.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 497.43 450.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 519.73 450.90 Td (Stabilized ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 439.50 Td (net ) Tj ET Q q 0 0 0 rg BT 62.61 439.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 97.37 439.50 Td (income ) Tj ET Q q 0 0 0 rg BT 124.76 439.50 Td (is ) Tj ET Q q 0 0 0 rg BT 132.66 439.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 173.91 439.50 Td (as ) Tj ET Q q 0 0 0 rg BT 184.41 439.50 Td (the ) Tj ET Q q 0 0 0 rg BT 197.52 439.50 Td (property's ) Tj ET Q q 0 0 0 rg BT 233.77 439.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 265.50 439.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 286.83 439.50 Td (income ) Tj ET Q q 0 0 0 rg BT 314.21 439.50 Td (that ) Tj ET Q q 0 0 0 rg BT 329.49 439.50 Td (could ) Tj ET Q q 0 0 0 rg BT 350.39 439.50 Td (be ) Tj ET Q q 0 0 0 rg BT 361.33 439.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 398.69 439.50 Td (at ) Tj ET Q q 0 0 0 rg BT 407.47 439.50 Td (full ) Tj ET Q q 0 0 0 rg BT 419.70 439.50 Td (capacity) Tj ET Q q 0 0 0 rg BT 447.71 439.50 Td (, ) Tj ET Q q 0 0 0 rg BT 452.16 439.50 Td (less ) Tj ET Q q 0 0 0 rg BT 468.29 439.50 Td (a ) Tj ET Q q 0 0 0 rg BT 474.90 439.50 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 505.75 439.50 Td (and ) Tj ET Q q 0 0 0 rg BT 521.03 439.50 Td (collection ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (allowance. ) Tj ET Q q 0 0 0 rg BT 87.67 428.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.55 428.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 149.05 428.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 163.93 428.10 Td (used ) Tj ET Q q 0 0 0 rg BT 182.28 428.10 Td (is ) Tj ET Q q 0 0 0 rg BT 189.36 428.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 216.36 428.10 Td (from ) Tj ET Q q 0 0 0 rg BT 233.40 428.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 263.00 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.96 428.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 313.12 428.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 332.76 428.10 Td (data ) Tj ET Q q 0 0 0 rg BT 349.38 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.83 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.12 428.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 402.69 428.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 443.98 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.94 428.10 Td (other ) Tj ET Q q 0 0 0 rg BT 471.15 428.10 Td (properties' ) Tj ET Q q 0 0 0 rg BT 508.74 428.10 Td (net ) Tj ET Q q 0 0 0 rg BT 521.03 428.10 Td (operating ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 416.70 Td (incomes ) Tj ET Q q 0 0 0 rg BT 81.02 416.70 Td (over ) Tj ET Q q 0 0 0 rg BT 98.69 416.70 Td (their ) Tj ET Q q 0 0 0 rg BT 116.36 416.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 133.16 416.70 Td (price. ) Tj ET Q q 0 0 0 rg BT 154.73 416.70 Td (In ) Tj ET Q q 0 0 0 rg BT 163.74 416.70 Td (many ) Tj ET Q q 0 0 0 rg BT 185.30 416.70 Td (cases, ) Tj ET Q q 0 0 0 rg BT 210.33 416.70 Td (industry ) Tj ET Q q 0 0 0 rg BT 240.13 416.70 Td (surveys ) Tj ET Q q 0 0 0 rg BT 269.48 416.70 Td (are ) Tj ET Q q 0 0 0 rg BT 283.25 416.70 Td (available ) Tj ET Q q 0 0 0 rg BT 316.52 416.70 Td (that ) Tj ET Q q 0 0 0 rg BT 332.03 416.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 360.09 416.70 Td (indicative ) Tj ET Q q 0 0 0 rg BT 395.08 416.70 Td (ranges ) Tj ET Q q 0 0 0 rg BT 421.41 416.70 Td (of ) Tj ET Q q 0 0 0 rg BT 430.43 416.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 477.98 416.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 497.81 416.70 Td (for ) Tj ET Q q 0 0 0 rg BT 509.42 416.70 Td (recently ) Tj ET Q q 0 0 0 rg BT 539.21 416.70 Td (sold ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 405.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 86.31 405.30 Td (or ) Tj ET Q q 0 0 0 rg BT 95.40 405.30 Td (views ) Tj ET Q q 0 0 0 rg BT 117.05 405.30 Td (on ) Tj ET Q q 0 0 0 rg BT 127.88 405.30 Td (value, ) Tj ET Q q 0 0 0 rg BT 150.83 405.30 Td (however) Tj ET Q q 0 0 0 rg BT 179.85 405.30 Td (, ) Tj ET Q q 0 0 0 rg BT 184.18 405.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 209.73 405.30 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 253.91 405.30 Td (are ) Tj ET Q q 0 0 0 rg BT 267.33 405.30 Td (required ) Tj ET Q q 0 0 0 rg BT 298.08 405.30 Td (to ) Tj ET Q q 0 0 0 rg BT 306.75 405.30 Td (adjust ) Tj ET Q q 0 0 0 rg BT 329.70 405.30 Td (for ) Tj ET Q q 0 0 0 rg BT 340.96 405.30 Td (the ) Tj ET Q q 0 0 0 rg BT 353.96 405.30 Td (specific ) Tj ET Q q 0 0 0 rg BT 382.11 405.30 Td (nature, ) Tj ET Q q 0 0 0 rg BT 408.53 405.30 Td (location ) Tj ET Q q 0 0 0 rg BT 437.55 405.30 Td (and ) Tj ET Q q 0 0 0 rg BT 452.72 405.30 Td (quality ) Tj ET Q q 0 0 0 rg BT 477.40 405.30 Td (of ) Tj ET Q q 0 0 0 rg BT 486.07 405.30 Td (properties. ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 49.50 385.90 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 90.64 385.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 109.27 385.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 125.28 385.90 Td (method) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 366.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 73.08 366.50 Td (the ) Tj ET Q q 0 0 0 rg BT 86.28 366.50 Td (discounted ) Tj ET Q q 0 0 0 rg BT 126.34 366.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 145.16 366.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 161.38 366.50 Td (method, ) Tj ET Q q 0 0 0 rg BT 191.90 366.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 205.10 366.50 Td (values ) Tj ET Q q 0 0 0 rg BT 229.98 366.50 Td (are ) Tj ET Q q 0 0 0 rg BT 243.61 366.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 275.41 366.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 316.75 366.50 Td (by ) Tj ET Q q 0 0 0 rg BT 327.35 366.50 Td (discounting ) Tj ET Q q 0 0 0 rg BT 369.14 366.50 Td (the ) Tj ET Q q 0 0 0 rg BT 382.34 366.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 416.33 366.50 Td (future ) Tj ET Q q 0 0 0 rg BT 438.62 366.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 457.45 366.50 Td (flows, ) Tj ET Q q 0 0 0 rg BT 479.73 366.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 513.71 366.50 Td (over ) Tj ET Q q 0 0 0 rg BT 531.23 366.50 Td (a ) Tj ET Q q 0 0 0 rg BT 537.94 366.50 Td (term ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 57.88 355.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 68.42 355.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 91.51 355.10 Td (including ) Tj ET Q q 0 0 0 rg BT 124.14 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.35 355.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 159.93 355.10 Td (value ) Tj ET Q q 0 0 0 rg BT 180.43 355.10 Td (based ) Tj ET Q q 0 0 0 rg BT 203.54 355.10 Td (on ) Tj ET Q q 0 0 0 rg BT 214.08 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.79 355.10 Td (application ) Tj ET Q q 0 0 0 rg BT 265.91 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.29 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.50 355.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 327.42 355.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 342.72 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.09 355.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 386.75 355.10 Td (year ) Tj ET Q q 0 0 0 rg BT 403.78 355.10 Td (1) Tj ET Q q 0 0 0 rg BT 407.54 355.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 413.75 355.10 Td (net ) Tj ET Q q 0 0 0 rg BT 426.46 355.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 460.82 355.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 489.98 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.85 355.10 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 540.50 355.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 343.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 81.29 343.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 101.38 343.70 Td (are ) Tj ET Q q 0 0 0 rg BT 115.41 343.70 Td (the ) Tj ET Q q 0 0 0 rg BT 129.01 343.70 Td (most ) Tj ET Q q 0 0 0 rg BT 148.66 343.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 186.08 343.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 232.58 343.70 Td (in ) Tj ET Q q 0 0 0 rg BT 241.41 343.70 Td (determining ) Tj ET Q q 0 0 0 rg BT 284.89 343.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 298.48 343.70 Td (value. ) Tj ET Q q 0 0 0 rg BT 321.87 343.70 Td (The ) Tj ET Q q 0 0 0 rg BT 338.06 343.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 355.67 343.70 Td ( ) Tj ET Q q 0 0 0 rg BT 358.44 343.70 Td (uses ) Tj ET Q q 0 0 0 rg BT 377.66 343.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 405.12 343.70 Td (history) Tj ET Q q 0 0 0 rg BT 427.50 343.70 Td (, ) Tj ET Q q 0 0 0 rg BT 432.43 343.70 Td (market ) Tj ET Q q 0 0 0 rg BT 459.01 343.70 Td (reports, ) Tj ET Q q 0 0 0 rg BT 488.19 343.70 Td (tenant ) Tj ET Q q 0 0 0 rg BT 512.63 343.70 Td (profiles ) Tj ET Q q 0 0 0 rg BT 540.51 343.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 332.30 Td (available ) Tj ET Q q 0 0 0 rg BT 82.42 332.30 Td (appraisals, ) Tj ET Q q 0 0 0 rg BT 122.26 332.30 Td (among ) Tj ET Q q 0 0 0 rg BT 148.25 332.30 Td (other ) Tj ET Q q 0 0 0 rg BT 168.17 332.30 Td (things, ) Tj ET Q q 0 0 0 rg BT 193.29 332.30 Td (in ) Tj ET Q q 0 0 0 rg BT 201.52 332.30 Td (determining ) Tj ET Q q 0 0 0 rg BT 244.40 332.30 Td (the ) Tj ET Q q 0 0 0 rg BT 257.39 332.30 Td (most ) Tj ET Q q 0 0 0 rg BT 276.45 332.30 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 318.02 332.30 Td (assumptions. ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 49.50 312.90 Td (Direct ) Tj ET Q q 0 0 0 rg BT 72.01 312.90 Td (comparison ) Tj ET Q q 0 0 0 rg BT 114.44 312.90 Td (approach) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 295.50 Td (This ) Tj ET Q q 0 0 0 rg BT 66.94 295.50 Td (approach ) Tj ET Q q 0 0 0 rg BT 102.15 295.50 Td (involves ) Tj ET Q q 0 0 0 rg BT 133.03 295.50 Td (comparing ) Tj ET Q q 0 0 0 rg BT 172.12 295.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 209.49 295.50 Td (similar ) Tj ET Q q 0 0 0 rg BT 234.72 295.50 Td (to ) Tj ET Q q 0 0 0 rg BT 243.94 295.50 Td (the ) Tj ET Q q 0 0 0 rg BT 257.50 295.50 Td (property ) Tj ET Q q 0 0 0 rg BT 288.81 295.50 Td (for ) Tj ET Q q 0 0 0 rg BT 300.62 295.50 Td (which ) Tj ET Q q 0 0 0 rg BT 323.26 295.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 336.81 295.50 Td (value ) Tj ET Q q 0 0 0 rg BT 358.16 295.50 Td (is ) Tj ET Q q 0 0 0 rg BT 366.51 295.50 Td (being ) Tj ET Q q 0 0 0 rg BT 388.30 295.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 424.80 295.50 Td (and ) Tj ET Q q 0 0 0 rg BT 440.53 295.50 Td (making ) Tj ET Q q 0 0 0 rg BT 468.36 295.50 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 513.10 295.50 Td (to ) Tj ET Q q 0 0 0 rg BT 522.32 295.50 Td (reconcile ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (dif) Tj ET Q q 0 0 0 rg BT 57.59 284.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 89.64 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.87 284.10 Td (size, ) Tj ET Q q 0 0 0 rg BT 116.06 284.10 Td (location, ) Tj ET Q q 0 0 0 rg BT 147.25 284.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 171.51 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.67 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.67 284.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 224.36 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.02 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.02 284.10 Td (property) Tj ET Q q 0 0 0 rg BT 274.03 284.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 266.70 Td (A) Tj ET Q q 0 0 0 rg BT 54.27 266.70 Td ( ) Tj ET Q q 0 0 0 rg BT 56.51 266.70 Td (summary ) Tj ET Q q 0 0 0 rg BT 90.79 266.70 Td (of ) Tj ET Q q 0 0 0 rg BT 99.54 266.70 Td (the ) Tj ET Q q 0 0 0 rg BT 112.61 266.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 149.51 266.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 195.49 266.70 Td (used ) Tj ET Q q 0 0 0 rg BT 214.63 266.70 Td (in ) Tj ET Q q 0 0 0 rg BT 222.94 266.70 Td (the ) Tj ET Q q 0 0 0 rg BT 236.02 266.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 261.39 266.70 Td (estimate ) Tj ET Q q 0 0 0 rg BT 293.09 266.70 Td (of ) Tj ET Q q 0 0 0 rg BT 301.83 266.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 314.90 266.70 Td (value ) Tj ET Q q 0 0 0 rg BT 335.77 266.70 Td (as ) Tj ET Q q 0 0 0 rg BT 346.24 266.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 354.99 266.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 406.16 266.70 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.49 266.70 Td ( ) Tj ET Q q 0 0 0 rg BT 425.74 266.70 Td (is ) Tj ET Q q 0 0 0 rg BT 433.61 266.70 Td (included ) Tj ET Q q 0 0 0 rg BT 464.88 266.70 Td (on ) Tj ET Q q 0 0 0 rg BT 475.79 266.70 Td (page ) Tj ET Q q 0 0 0 rg BT 495.36 266.70 Td (1) Tj ET Q q 0 0 0 rg BT 499.13 266.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 505.71 266.70 Td (of ) Tj ET Q q 0 0 0 rg BT 514.45 266.70 Td (this ) Tj ET Q q 0 0 0 rg BT 528.82 266.70 Td (MD&A. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 255.30 Td (Changes ) Tj ET Q q 0 0 0 rg BT 82.85 255.30 Td (in ) Tj ET Q q 0 0 0 rg BT 91.09 255.30 Td (these ) Tj ET Q q 0 0 0 rg BT 112.32 255.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 158.23 255.30 Td (would ) Tj ET Q q 0 0 0 rg BT 180.75 255.30 Td (have ) Tj ET Q q 0 0 0 rg BT 199.82 255.30 Td (a ) Tj ET Q q 0 0 0 rg BT 206.32 255.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 243.14 255.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 268.26 255.30 Td (on ) Tj ET Q q 0 0 0 rg BT 279.10 255.30 Td (the ) Tj ET Q q 0 0 0 rg BT 292.10 255.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 317.41 255.30 Td (estimate ) Tj ET Q q 0 0 0 rg BT 349.03 255.30 Td (of ) Tj ET Q q 0 0 0 rg BT 357.70 255.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 370.69 255.30 Td (value, ) Tj ET Q q 0 0 0 rg BT 393.66 255.30 Td (which ) Tj ET Q q 0 0 0 rg BT 415.74 255.30 Td (can ) Tj ET Q q 0 0 0 rg BT 430.48 255.30 Td (be ) Tj ET Q q 0 0 0 rg BT 441.31 255.30 Td (impacted ) Tj ET Q q 0 0 0 rg BT 475.10 255.30 Td (by ) Tj ET Q q 0 0 0 rg BT 485.50 255.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 517.13 255.30 Td (in ) Tj ET Q q 0 0 0 rg BT 525.36 255.30 Td (demand ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 243.90 Td (for ) Tj ET Q q 0 0 0 rg BT 60.06 243.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 96.18 243.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 120.15 243.90 Td (to ) Tj ET Q q 0 0 0 rg BT 128.12 243.90 Td (those ) Tj ET Q q 0 0 0 rg BT 148.66 243.90 Td (owned ) Tj ET Q q 0 0 0 rg BT 173.08 243.90 Td (by ) Tj ET Q q 0 0 0 rg BT 182.78 243.90 Td (the ) Tj ET Q q 0 0 0 rg BT 195.08 243.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 211.96 243.90 Td (, ) Tj ET Q q 0 0 0 rg BT 215.60 243.90 Td (expectations ) Tj ET Q q 0 0 0 rg BT 260.82 243.90 Td (of ) Tj ET Q q 0 0 0 rg BT 268.79 243.90 Td (market ) Tj ET Q q 0 0 0 rg BT 294.08 243.90 Td (rents, ) Tj ET Q q 0 0 0 rg BT 315.04 243.90 Td (the ) Tj ET Q q 0 0 0 rg BT 327.34 243.90 Td (covenant ) Tj ET Q q 0 0 0 rg BT 360.43 243.90 Td (quality ) Tj ET Q q 0 0 0 rg BT 384.43 243.90 Td (of ) Tj ET Q q 0 0 0 rg BT 392.40 243.90 Td (tenants ) Tj ET Q q 0 0 0 rg BT 419.43 243.90 Td (and ) Tj ET Q q 0 0 0 rg BT 433.90 243.90 Td (the ) Tj ET Q q 0 0 0 rg BT 446.20 243.90 Td (general ) Tj ET Q q 0 0 0 rg BT 473.66 243.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 508.47 243.90 Td (environment. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 232.50 Td (Further) Tj ET Q q 0 0 0 rg BT 74.18 232.50 Td (, ) Tj ET Q q 0 0 0 rg BT 79.23 232.50 Td (these ) Tj ET Q q 0 0 0 rg BT 101.17 232.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 133.50 232.50 Td (can ) Tj ET Q q 0 0 0 rg BT 148.94 232.50 Td (occur ) Tj ET Q q 0 0 0 rg BT 170.87 232.50 Td (at ) Tj ET Q q 0 0 0 rg BT 180.25 232.50 Td (dif) Tj ET Q q 0 0 0 rg BT 188.34 232.50 Td (ferent ) Tj ET Q q 0 0 0 rg BT 211.15 232.50 Td (times ) Tj ET Q q 0 0 0 rg BT 232.64 232.50 Td (and ) Tj ET Q q 0 0 0 rg BT 248.52 232.50 Td (magnitudes ) Tj ET Q q 0 0 0 rg BT 291.67 232.50 Td (for ) Tj ET Q q 0 0 0 rg BT 303.64 232.50 Td (each ) Tj ET Q q 0 0 0 rg BT 323.42 232.50 Td (of ) Tj ET Q q 0 0 0 rg BT 332.79 232.50 Td (the ) Tj ET Q q 0 0 0 rg BT 346.50 232.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 372.51 232.50 Td (W) Tj ET Q q 0 0 0 rg BT 379.73 232.50 Td (estern, ) Tj ET Q q 0 0 0 rg BT 406.43 232.50 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 434.86 232.50 Td (and ) Tj ET Q q 0 0 0 rg BT 450.17 232.50 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 478.60 232.50 Td (regions ) Tj ET Q q 0 0 0 rg BT 507.03 232.50 Td (based ) Tj ET Q q 0 0 0 rg BT 531.13 232.50 Td (on ) Tj ET Q q 0 0 0 rg BT 542.68 232.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 89.34 221.10 Td (environments ) Tj ET Q q 0 0 0 rg BT 138.28 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.51 221.10 Td (each ) Tj ET Q q 0 0 0 rg BT 165.57 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.23 221.10 Td (their ) Tj ET Q q 0 0 0 rg BT 191.55 221.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 229.23 221.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 261.27 221.10 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 203.70 Td (NEW ) Tj ET Q q 0 0 0 rg BT 69.55 203.70 Td (ACCOUNTING POLICIES ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 186.30 Td (IAS ) Tj ET Q q 0 0 0 rg BT 64.22 186.30 Td (7, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.89 186.30 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 111.42 186.30 Td (Initiative ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 142.17 186.30 Td (\("IAS ) Tj ET Q q 0 0 0 rg BT 162.25 186.30 Td (7"\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 168.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.78 168.90 Td (amendments ) Tj ET Q q 0 0 0 rg BT 113.67 168.90 Td (to ) Tj ET Q q 0 0 0 rg BT 123.02 168.90 Td (IAS ) Tj ET Q q 0 0 0 rg BT 138.43 168.90 Td (7 ) Tj ET Q q 0 0 0 rg BT 145.62 168.90 Td (require ) Tj ET Q q 0 0 0 rg BT 172.72 168.90 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 214.54 168.90 Td (that ) Tj ET Q q 0 0 0 rg BT 230.39 168.90 Td (enable ) Tj ET Q q 0 0 0 rg BT 256.64 168.90 Td (the ) Tj ET Q q 0 0 0 rg BT 270.32 168.90 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 308.69 168.90 Td (of ) Tj ET Q q 0 0 0 rg BT 318.04 168.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 350.35 168.90 Td (in ) Tj ET Q q 0 0 0 rg BT 359.27 168.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 391.57 168.90 Td (arising ) Tj ET Q q 0 0 0 rg BT 417.37 168.90 Td (from ) Tj ET Q q 0 0 0 rg BT 435.80 168.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 469.84 168.90 Td (activities, ) Tj ET Q q 0 0 0 rg BT 504.74 168.90 Td (including ) Tj ET Q q 0 0 0 rg BT 538.34 168.90 Td (both ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 157.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 80.93 157.50 Td (arising ) Tj ET Q q 0 0 0 rg BT 105.85 157.50 Td (from ) Tj ET Q q 0 0 0 rg BT 123.40 157.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 141.83 157.50 Td (and ) Tj ET Q q 0 0 0 rg BT 156.79 157.50 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 190.81 157.50 Td (changes. ) Tj ET Q q 0 0 0 rg BT 224.28 157.50 Td (The ) Tj ET Q q 0 0 0 rg BT 239.68 157.50 Td (amendments ) Tj ET Q q 0 0 0 rg BT 286.69 157.50 Td (applied ) Tj ET Q q 0 0 0 rg BT 313.78 157.50 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 361.22 157.50 Td (for ) Tj ET Q q 0 0 0 rg BT 372.29 157.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 397.65 157.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 425.17 157.50 Td (beginning ) Tj ET Q q 0 0 0 rg BT 460.93 157.50 Td (on ) Tj ET Q q 0 0 0 rg BT 471.56 157.50 Td (or ) Tj ET Q q 0 0 0 rg BT 480.46 157.50 Td (after ) Tj ET Q q 0 0 0 rg BT 498.02 157.50 Td (January ) Tj ET Q q 0 0 0 rg BT 527.71 157.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 536.18 157.50 Td (2017 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 146.10 Td (were ) Tj ET Q q 0 0 0 rg BT 83.71 146.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 114.04 146.10 Td (by ) Tj ET Q q 0 0 0 rg BT 124.43 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.43 146.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 155.04 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.21 146.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.44 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.44 146.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 224.35 146.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 255.10 146.10 Td (statements. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 128.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.84 128.70 Td (following ) Tj ET Q q 0 0 0 rg BT 97.06 128.70 Td (are ) Tj ET Q q 0 0 0 rg BT 110.23 128.70 Td (the ) Tj ET Q q 0 0 0 rg BT 122.97 128.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 150.85 128.70 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 191.73 128.70 Td (are ) Tj ET Q q 0 0 0 rg BT 204.90 128.70 Td (required ) Tj ET Q q 0 0 0 rg BT 235.39 128.70 Td (for ) Tj ET Q q 0 0 0 rg BT 246.40 128.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 277.76 128.70 Td (in ) Tj ET Q q 0 0 0 rg BT 285.74 128.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 317.09 128.70 Td (from ) Tj ET Q q 0 0 0 rg BT 334.59 128.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 367.69 128.70 Td (activities:changes ) Tj ET Q q 0 0 0 rg BT 433.27 128.70 Td (from ) Tj ET Q q 0 0 0 rg BT 450.76 128.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 483.86 128.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 502.23 128.70 Td (flows, ) Tj ET Q q 0 0 0 rg BT 524.05 128.70 Td (changes ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 117.30 Td (arising ) Tj ET Q q 0 0 0 rg BT 74.14 117.30 Td (from ) Tj ET Q q 0 0 0 rg BT 91.42 117.30 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 124.74 117.30 Td (or ) Tj ET Q q 0 0 0 rg BT 133.36 117.30 Td (losing ) Tj ET Q q 0 0 0 rg BT 155.41 117.30 Td (control ) Tj ET Q q 0 0 0 rg BT 180.49 117.30 Td (of ) Tj ET Q q 0 0 0 rg BT 188.69 117.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 231.52 117.30 Td (or ) Tj ET Q q 0 0 0 rg BT 240.14 117.30 Td (other ) Tj ET Q q 0 0 0 rg BT 259.59 117.30 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 302.44 117.30 Td (the ) Tj ET Q q 0 0 0 rg BT 314.96 117.30 Td (ef) Tj ET Q q 0 0 0 rg BT 321.33 117.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 335.59 117.30 Td (of ) Tj ET Q q 0 0 0 rg BT 343.78 117.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 374.93 117.30 Td (in ) Tj ET Q q 0 0 0 rg BT 382.69 117.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 408.21 117.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 443.69 117.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 462.71 117.30 Td (and ) Tj ET Q q 0 0 0 rg BT 477.40 117.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 508.55 117.30 Td (in ) Tj ET Q q 0 0 0 rg BT 516.31 117.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 528.83 117.30 Td (values.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 99.90 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 99.31 99.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 117.93 99.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 133.95 99.90 Td (information ) Tj ET Q q 0 0 0 rg BT 174.66 99.90 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 215.79 99.90 Td (have ) Tj ET Q q 0 0 0 rg BT 234.85 99.90 Td (been ) Tj ET Q q 0 0 0 rg BT 254.35 99.90 Td (included ) Tj ET Q q 0 0 0 rg BT 285.54 99.90 Td (in ) Tj ET Q q 0 0 0 rg BT 293.77 99.90 Td (the ) Tj ET Q q 0 0 0 rg BT 306.76 99.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 332.06 99.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 377.98 99.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 408.73 99.90 Td (statements.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 82.50 Td (FUTURE ) Tj ET Q q 0 0 0 rg BT 82.96 82.50 Td (ACCOUNTING POLICIES ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.75 65.10 Td (IASB ) Tj ET Q q 0 0 0 rg BT 84.33 65.10 Td (has ) Tj ET Q q 0 0 0 rg BT 98.72 65.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 123.07 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.73 65.10 Td (following ) Tj ET Q q 0 0 0 rg BT 167.87 65.10 Td (new ) Tj ET Q q 0 0 0 rg BT 183.98 65.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 220.03 65.10 Td (that ) Tj ET Q q 0 0 0 rg BT 234.85 65.10 Td (will ) Tj ET Q q 0 0 0 rg BT 247.50 65.10 Td (be ) Tj ET Q q 0 0 0 rg BT 257.99 65.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 287.53 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.86 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.52 65.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 326.13 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.96 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.85 65.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 370.59 65.10 Td (its ) Tj ET Q q 0 0 0 rg BT 380.21 65.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 425.79 65.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.20 65.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 496.14 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.03 65.10 Td (future ) Tj ET Q q 0 0 0 rg BT 525.78 65.10 Td (periods:) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 37) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 69.41 742.10 Td (9, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 78.08 742.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 111.42 742.10 Td (Instruments) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 152.12 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.29 742.10 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 179.56 742.10 Td (9"\) ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 724.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 69.62 724.70 Td (9, ) Tj ET Q q 0 0 0 rg BT 78.50 724.70 Td (which ) Tj ET Q q 0 0 0 rg BT 100.79 724.70 Td (replaces ) Tj ET Q q 0 0 0 rg BT 132.61 724.70 Td (IAS ) Tj ET Q q 0 0 0 rg BT 147.55 724.70 Td (39, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 160.76 724.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 194.31 724.70 Td (Instruments: ) Tj ET Q q 0 0 0 rg BT 239.56 724.70 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 283.08 724.70 Td (and ) Tj ET Q q 0 0 0 rg BT 298.46 724.70 Td (Measurement) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 346.09 724.70 Td (, ) Tj ET Q q 0 0 0 rg BT 350.63 724.70 Td (establishes ) Tj ET Q q 0 0 0 rg BT 391.99 724.70 Td (principles ) Tj ET Q q 0 0 0 rg BT 427.28 724.70 Td (for ) Tj ET Q q 0 0 0 rg BT 438.75 724.70 Td (the ) Tj ET Q q 0 0 0 rg BT 451.96 724.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 482.92 724.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 516.04 724.70 Td (of ) Tj ET Q q 0 0 0 rg BT 524.92 724.70 Td (financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 74.24 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 89.46 713.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.27 713.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 151.94 713.30 Td (that ) Tj ET Q q 0 0 0 rg BT 167.16 713.30 Td (will ) Tj ET Q q 0 0 0 rg BT 180.19 713.30 Td (present ) Tj ET Q q 0 0 0 rg BT 208.40 713.30 Td (relevant ) Tj ET Q q 0 0 0 rg BT 238.34 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 253.56 713.30 Td (useful ) Tj ET Q q 0 0 0 rg BT 276.58 713.30 Td (information ) Tj ET Q q 0 0 0 rg BT 317.34 713.30 Td (to ) Tj ET Q q 0 0 0 rg BT 326.06 713.30 Td (users ) Tj ET Q q 0 0 0 rg BT 347.33 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 356.06 713.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 386.86 713.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 427.20 713.30 Td (for ) Tj ET Q q 0 0 0 rg BT 438.51 713.30 Td (their ) Tj ET Q q 0 0 0 rg BT 455.89 713.30 Td (assessment ) Tj ET Q q 0 0 0 rg BT 499.69 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 508.41 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 521.46 713.30 Td (amounts, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (timing ) Tj ET Q q 0 0 0 rg BT 72.47 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 87.65 701.90 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 127.95 701.90 Td (of ) Tj ET Q q 0 0 0 rg BT 136.63 701.90 Td (an ) Tj ET Q q 0 0 0 rg BT 147.48 701.90 Td (entity) Tj ET Q q 0 0 0 rg BT 167.70 701.90 Td (s ) Tj ET Q q 0 0 0 rg BT 173.79 701.90 Td (future ) Tj ET Q q 0 0 0 rg BT 195.90 701.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 214.54 701.90 Td (flows. ) Tj ET Q q 0 0 0 rg BT 236.64 701.90 Td (Under ) Tj ET Q q 0 0 0 rg BT 260.04 701.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 279.97 701.90 Td (9, ) Tj ET Q q 0 0 0 rg BT 288.65 701.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.42 701.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 344.13 701.90 Td (are ) Tj ET Q q 0 0 0 rg BT 357.57 701.90 Td (classified ) Tj ET Q q 0 0 0 rg BT 391.80 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 406.99 701.90 Td (measured ) Tj ET Q q 0 0 0 rg BT 443.81 701.90 Td (based ) Tj ET Q q 0 0 0 rg BT 467.23 701.90 Td (on ) Tj ET Q q 0 0 0 rg BT 478.08 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 491.09 701.90 Td (business ) Tj ET Q q 0 0 0 rg BT 524.03 701.90 Td (model ) Tj ET Q q 0 0 0 rg BT 547.43 701.90 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 690.50 Td (which ) Tj ET Q q 0 0 0 rg BT 71.32 690.50 Td (they ) Tj ET Q q 0 0 0 rg BT 87.95 690.50 Td (are ) Tj ET Q q 0 0 0 rg BT 101.11 690.50 Td (held ) Tj ET Q q 0 0 0 rg BT 117.74 690.50 Td (and ) Tj ET Q q 0 0 0 rg BT 132.64 690.50 Td (the ) Tj ET Q q 0 0 0 rg BT 145.37 690.50 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 197.06 690.50 Td (of ) Tj ET Q q 0 0 0 rg BT 205.46 690.50 Td (their ) Tj ET Q q 0 0 0 rg BT 222.52 690.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 240.88 690.50 Td (flows. ) Tj ET Q q 0 0 0 rg BT 262.70 690.50 Td (In ) Tj ET Q q 0 0 0 rg BT 271.10 690.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 302.46 690.50 Td (under ) Tj ET Q q 0 0 0 rg BT 324.28 690.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 343.93 690.50 Td (9 ) Tj ET Q q 0 0 0 rg BT 350.16 690.50 Td (for ) Tj ET Q q 0 0 0 rg BT 361.16 690.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 391.64 690.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 422.99 690.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 459.53 690.50 Td (at ) Tj ET Q q 0 0 0 rg BT 467.93 690.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 480.66 690.50 Td (value, ) Tj ET Q q 0 0 0 rg BT 503.35 690.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 534.71 690.50 Td (in ) Tj ET Q q 0 0 0 rg BT 542.67 690.50 Td (fair ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 679.10 Td (value ) Tj ET Q q 0 0 0 rg BT 70.13 679.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 110.68 679.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.18 679.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 150.64 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.71 679.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 179.76 679.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 193.88 679.10 Td (will ) Tj ET Q q 0 0 0 rg BT 206.70 679.10 Td (be ) Tj ET Q q 0 0 0 rg BT 217.37 679.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 257.48 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.55 679.10 Td (other ) Tj ET Q q 0 0 0 rg BT 285.31 679.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 340.15 679.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 369.43 679.10 Td (with ) Tj ET Q q 0 0 0 rg BT 385.28 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.12 679.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 435.19 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.69 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.53 679.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 487.99 679.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 528.10 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 536.17 679.10 Td (profit ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 667.70 Td (or ) Tj ET Q q 0 0 0 rg BT 58.66 667.70 Td (loss. ) Tj ET Q q 0 0 0 rg BT 76.92 667.70 Td (However) Tj ET Q q 0 0 0 rg BT 107.22 667.70 Td (, ) Tj ET Q q 0 0 0 rg BT 111.63 667.70 Td (if ) Tj ET Q q 0 0 0 rg BT 117.76 667.70 Td (this ) Tj ET Q q 0 0 0 rg BT 132.12 667.70 Td (requirement ) Tj ET Q q 0 0 0 rg BT 175.92 667.70 Td (creates ) Tj ET Q q 0 0 0 rg BT 203.71 667.70 Td (or ) Tj ET Q q 0 0 0 rg BT 212.87 667.70 Td (enlarges ) Tj ET Q q 0 0 0 rg BT 244.99 667.70 Td (an ) Tj ET Q q 0 0 0 rg BT 255.89 667.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 295.81 667.70 Td (mismatch ) Tj ET Q q 0 0 0 rg BT 331.38 667.70 Td (in ) Tj ET Q q 0 0 0 rg BT 339.68 667.70 Td (profit ) Tj ET Q q 0 0 0 rg BT 359.23 667.70 Td (or ) Tj ET Q q 0 0 0 rg BT 368.40 667.70 Td (loss, ) Tj ET Q q 0 0 0 rg BT 386.65 667.70 Td (the ) Tj ET Q q 0 0 0 rg BT 399.72 667.70 Td (entire ) Tj ET Q q 0 0 0 rg BT 421.44 667.70 Td (change ) Tj ET Q q 0 0 0 rg BT 449.24 667.70 Td (in ) Tj ET Q q 0 0 0 rg BT 457.54 667.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 470.59 667.70 Td (value ) Tj ET Q q 0 0 0 rg BT 491.45 667.70 Td (will ) Tj ET Q q 0 0 0 rg BT 504.50 667.70 Td (be ) Tj ET Q q 0 0 0 rg BT 515.40 667.70 Td (recognized ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 656.30 Td (in ) Tj ET Q q 0 0 0 rg BT 57.61 656.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 76.99 656.30 Td (or ) Tj ET Q q 0 0 0 rg BT 85.96 656.30 Td (loss. ) Tj ET Q q 0 0 0 rg BT 104.03 656.30 Td ( ) Tj ET Q q 0 0 0 rg BT 105.96 656.30 Td (This ) Tj ET Q q 0 0 0 rg BT 122.73 656.30 Td (standard ) Tj ET Q q 0 0 0 rg BT 155.10 656.30 Td (also ) Tj ET Q q 0 0 0 rg BT 171.44 656.30 Td (introduces ) Tj ET Q q 0 0 0 rg BT 209.43 656.30 Td (a ) Tj ET Q q 0 0 0 rg BT 215.82 656.30 Td (new ) Tj ET Q q 0 0 0 rg BT 232.15 656.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 265.83 656.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 286.93 656.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 302.83 656.30 Td (model ) Tj ET Q q 0 0 0 rg BT 326.10 656.30 Td (for ) Tj ET Q q 0 0 0 rg BT 337.25 656.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 367.88 656.30 Td (instruments ) Tj ET Q q 0 0 0 rg BT 410.20 656.30 Td (which ) Tj ET Q q 0 0 0 rg BT 432.16 656.30 Td (requires ) Tj ET Q q 0 0 0 rg BT 462.36 656.30 Td (continuous ) Tj ET Q q 0 0 0 rg BT 502.09 656.30 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 540.52 656.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 644.90 Td (forward ) Tj ET Q q 0 0 0 rg BT 77.64 644.90 Td (looking ) Tj ET Q q 0 0 0 rg BT 104.49 644.90 Td (information ) Tj ET Q q 0 0 0 rg BT 145.20 644.90 Td (regarding ) Tj ET Q q 0 0 0 rg BT 180.28 644.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 211.90 644.90 Td (in ) Tj ET Q q 0 0 0 rg BT 220.13 644.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 241.35 644.90 Td (quality) Tj ET Q q 0 0 0 rg BT 263.30 644.90 Td (, ) Tj ET Q q 0 0 0 rg BT 267.63 644.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 299.25 644.90 Td (in ) Tj ET Q q 0 0 0 rg BT 307.48 644.90 Td (timely ) Tj ET Q q 0 0 0 rg BT 329.99 644.90 Td (recognition ) Tj ET Q q 0 0 0 rg BT 370.27 644.90 Td (of ) Tj ET Q q 0 0 0 rg BT 378.93 644.90 Td (provisions ) Tj ET Q q 0 0 0 rg BT 416.17 644.90 Td (for ) Tj ET Q q 0 0 0 rg BT 427.43 644.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 461.22 644.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 482.44 644.90 Td (losses.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 506.69 644.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 627.50 Td (This ) Tj ET Q q 0 0 0 rg BT 66.57 627.50 Td (new ) Tj ET Q q 0 0 0 rg BT 83.20 627.50 Td (standard ) Tj ET Q q 0 0 0 rg BT 115.87 627.50 Td (is ) Tj ET Q q 0 0 0 rg BT 123.85 627.50 Td (ef) Tj ET Q q 0 0 0 rg BT 130.21 627.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 155.08 627.50 Td (for ) Tj ET Q q 0 0 0 rg BT 166.52 627.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 192.26 627.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 220.16 627.50 Td (beginning ) Tj ET Q q 0 0 0 rg BT 256.30 627.50 Td (on ) Tj ET Q q 0 0 0 rg BT 267.31 627.50 Td (or ) Tj ET Q q 0 0 0 rg BT 276.59 627.50 Td (after ) Tj ET Q q 0 0 0 rg BT 294.53 627.50 Td (January ) Tj ET Q q 0 0 0 rg BT 324.59 627.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 333.44 627.50 Td (2018. ) Tj ET Q q 0 0 0 rg BT 355.29 627.50 Td (Early ) Tj ET Q q 0 0 0 rg BT 375.38 627.50 Td (adoption ) Tj ET Q q 0 0 0 rg BT 407.62 627.50 Td (is ) Tj ET Q q 0 0 0 rg BT 415.60 627.50 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 452.44 627.50 Td (The ) Tj ET Q q 0 0 0 rg BT 468.22 627.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 485.83 627.50 Td ( ) Tj ET Q q 0 0 0 rg BT 488.17 627.50 Td (has ) Tj ET Q q 0 0 0 rg BT 503.08 627.50 Td (established ) Tj ET Q q 0 0 0 rg BT 544.85 627.50 Td (an ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 75.24 616.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 119.61 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.40 616.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 191.03 616.10 Td (team ) Tj ET Q q 0 0 0 rg BT 211.14 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.43 616.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 252.68 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.31 616.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 295.95 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.24 616.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 325.78 616.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 332.90 616.10 Td (on ) Tj ET Q q 0 0 0 rg BT 344.36 616.10 Td (its ) Tj ET Q q 0 0 0 rg BT 354.95 616.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 401.49 616.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 432.87 616.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 475.77 616.10 Td (T) Tj ET Q q 0 0 0 rg BT 479.67 616.10 Td (o ) Tj ET Q q 0 0 0 rg BT 486.79 616.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 506.92 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.54 616.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 538.15 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 540.95 616.10 Td (has ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 604.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 87.91 604.70 Td (the ) Tj ET Q q 0 0 0 rg BT 101.20 604.70 Td (issue ) Tj ET Q q 0 0 0 rg BT 121.85 604.70 Td (identification ) Tj ET Q q 0 0 0 rg BT 167.62 604.70 Td (phase ) Tj ET Q q 0 0 0 rg BT 191.31 604.70 Td (of ) Tj ET Q q 0 0 0 rg BT 200.27 604.70 Td (the ) Tj ET Q q 0 0 0 rg BT 213.57 604.70 Td (transition ) Tj ET Q q 0 0 0 rg BT 247.64 604.70 Td (and ) Tj ET Q q 0 0 0 rg BT 263.10 604.70 Td (does ) Tj ET Q q 0 0 0 rg BT 282.46 604.70 Td (not ) Tj ET Q q 0 0 0 rg BT 295.75 604.70 Td (expect ) Tj ET Q q 0 0 0 rg BT 321.17 604.70 Td (a ) Tj ET Q q 0 0 0 rg BT 327.96 604.70 Td (material ) Tj ET Q q 0 0 0 rg BT 358.13 604.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 383.54 604.70 Td (to ) Tj ET Q q 0 0 0 rg BT 392.50 604.70 Td (its ) Tj ET Q q 0 0 0 rg BT 402.76 604.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 448.96 604.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.01 604.70 Td (statements, ) Tj ET Q q 0 0 0 rg BT 522.75 604.70 Td (reporting ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 593.30 Td (system ) Tj ET Q q 0 0 0 rg BT 76.34 593.30 Td (or ) Tj ET Q q 0 0 0 rg BT 85.44 593.30 Td (internal ) Tj ET Q q 0 0 0 rg BT 113.15 593.30 Td (controls.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 142.60 593.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 575.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 69.41 575.90 Td (15, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 82.41 575.90 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 115.76 575.90 Td (from ) Tj ET Q q 0 0 0 rg BT 133.50 575.90 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 169.01 575.90 Td (with ) Tj ET Q q 0 0 0 rg BT 185.03 575.90 Td (Customers) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 222.69 575.90 Td ( ) Tj ET Q q 0 0 0 rg BT 224.86 575.90 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 250.12 575.90 Td (15"\) ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 558.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 69.76 558.50 Td (15 ) Tj ET Q q 0 0 0 rg BT 80.95 558.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 112.92 558.50 Td (a ) Tj ET Q q 0 0 0 rg BT 119.77 558.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 175.12 558.50 Td (framework ) Tj ET Q q 0 0 0 rg BT 214.00 558.50 Td (for ) Tj ET Q q 0 0 0 rg BT 225.61 558.50 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 268.41 558.50 Td (measurement ) Tj ET Q q 0 0 0 rg BT 318.56 558.50 Td (and ) Tj ET Q q 0 0 0 rg BT 334.08 558.50 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 371.67 558.50 Td (of ) Tj ET Q q 0 0 0 rg BT 380.69 558.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 411.36 558.50 Td (from ) Tj ET Q q 0 0 0 rg BT 429.46 558.50 Td (contracts ) Tj ET Q q 0 0 0 rg BT 463.60 558.50 Td (with ) Tj ET Q q 0 0 0 rg BT 479.97 558.50 Td (customers, ) Tj ET Q q 0 0 0 rg BT 520.59 558.50 Td (excluding ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 547.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 83.44 547.10 Td (within ) Tj ET Q q 0 0 0 rg BT 105.68 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.84 547.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 141.95 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.78 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.94 547.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 196.58 547.10 Td (on ) Tj ET Q q 0 0 0 rg BT 207.57 547.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 234.59 547.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 270.69 547.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 304.63 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.96 547.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 350.87 547.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 395.48 547.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.23 547.10 Td (new ) Tj ET Q q 0 0 0 rg BT 427.85 547.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 464.39 547.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 495.30 547.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.96 547.10 Td (contract-based ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 535.70 Td (five-step ) Tj ET Q q 0 0 0 rg BT 80.72 535.70 Td (analysis ) Tj ET Q q 0 0 0 rg BT 110.64 535.70 Td (of ) Tj ET Q q 0 0 0 rg BT 118.91 535.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 162.69 535.70 Td (to ) Tj ET Q q 0 0 0 rg BT 170.96 535.70 Td (determine ) Tj ET Q q 0 0 0 rg BT 207.37 535.70 Td (whether) Tj ET Q q 0 0 0 rg BT 234.66 535.70 Td (, ) Tj ET Q q 0 0 0 rg BT 238.59 535.70 Td (how ) Tj ET Q q 0 0 0 rg BT 254.65 535.70 Td (much ) Tj ET Q q 0 0 0 rg BT 275.47 535.70 Td (and ) Tj ET Q q 0 0 0 rg BT 290.24 535.70 Td (when ) Tj ET Q q 0 0 0 rg BT 310.63 535.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 340.56 535.70 Td (is ) Tj ET Q q 0 0 0 rg BT 347.95 535.70 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 390.00 535.70 Td ( ) Tj ET Q q 0 0 0 rg BT 391.77 535.70 Td (New ) Tj ET Q q 0 0 0 rg BT 409.12 535.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 444.24 535.70 Td (and ) Tj ET Q q 0 0 0 rg BT 459.01 535.70 Td (judgmental ) Tj ET Q q 0 0 0 rg BT 498.89 535.70 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 536.61 535.70 Td (have ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 524.30 Td (been ) Tj ET Q q 0 0 0 rg BT 69.00 524.30 Td (introduced, ) Tj ET Q q 0 0 0 rg BT 109.72 524.30 Td (which ) Tj ET Q q 0 0 0 rg BT 131.81 524.30 Td (may ) Tj ET Q q 0 0 0 rg BT 148.70 524.30 Td (af) Tj ET Q q 0 0 0 rg BT 155.07 524.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 169.80 524.30 Td (the ) Tj ET Q q 0 0 0 rg BT 182.81 524.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 210.97 524.30 Td (and/or ) Tj ET Q q 0 0 0 rg BT 235.23 524.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 258.18 524.30 Td (of ) Tj ET Q q 0 0 0 rg BT 266.85 524.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 297.18 524.30 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 339.63 524.30 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 359.55 524.30 Td (15 ) Tj ET Q q 0 0 0 rg BT 370.39 524.30 Td (becomes ) Tj ET Q q 0 0 0 rg BT 404.17 524.30 Td (ef) Tj ET Q q 0 0 0 rg BT 410.54 524.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 435.23 524.30 Td (for ) Tj ET Q q 0 0 0 rg BT 446.49 524.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 472.06 524.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 499.78 524.30 Td (beginning ) Tj ET Q q 0 0 0 rg BT 535.75 524.30 Td (on ) Tj ET Q q 0 0 0 rg BT 546.58 524.30 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 512.90 Td (after ) Tj ET Q q 0 0 0 rg BT 67.26 512.90 Td (January ) Tj ET Q q 0 0 0 rg BT 97.14 512.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 105.81 512.90 Td (2018, ) Tj ET Q q 0 0 0 rg BT 127.47 512.90 Td (and ) Tj ET Q q 0 0 0 rg BT 142.63 512.90 Td (is ) Tj ET Q q 0 0 0 rg BT 150.43 512.90 Td (to ) Tj ET Q q 0 0 0 rg BT 159.09 512.90 Td (be ) Tj ET Q q 0 0 0 rg BT 169.92 512.90 Td (applied ) Tj ET Q q 0 0 0 rg BT 197.21 512.90 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 246.87 512.90 Td (. ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 495.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.46 495.50 Td (adoption ) Tj ET Q q 0 0 0 rg BT 97.88 495.50 Td (of ) Tj ET Q q 0 0 0 rg BT 106.91 495.50 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 495.50 Td (new ) Tj ET Q q 0 0 0 rg BT 137.09 495.50 Td (standard ) Tj ET Q q 0 0 0 rg BT 169.94 495.50 Td (is ) Tj ET Q q 0 0 0 rg BT 178.10 495.50 Td (not ) Tj ET Q q 0 0 0 rg BT 191.46 495.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 225.61 495.50 Td (to ) Tj ET Q q 0 0 0 rg BT 234.65 495.50 Td (have ) Tj ET Q q 0 0 0 rg BT 254.07 495.50 Td (a ) Tj ET Q q 0 0 0 rg BT 260.93 495.50 Td (material ) Tj ET Q q 0 0 0 rg BT 291.17 495.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 316.65 495.50 Td (to ) Tj ET Q q 0 0 0 rg BT 325.68 495.50 Td (the ) Tj ET Q q 0 0 0 rg BT 339.05 495.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 385.33 495.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 425.97 495.50 Td (of ) Tj ET Q q 0 0 0 rg BT 435.00 495.50 Td (income. ) Tj ET Q q 0 0 0 rg BT 464.65 495.50 Td (The ) Tj ET Q q 0 0 0 rg BT 480.61 495.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 499.95 495.50 Td (s ) Tj ET Q q 0 0 0 rg BT 506.38 495.50 Td (most ) Tj ET Q q 0 0 0 rg BT 525.79 495.50 Td (material ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 79.39 484.10 Td (stream ) Tj ET Q q 0 0 0 rg BT 104.93 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 112.29 484.10 Td (base ) Tj ET Q q 0 0 0 rg BT 130.92 484.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 152.14 484.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 184.19 484.10 Td (which ) Tj ET Q q 0 0 0 rg BT 205.84 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.20 484.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 240.06 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.63 484.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 275.15 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.38 484.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 302.86 484.10 Td (15. ) Tj ET Q q 0 0 0 rg BT 315.32 484.10 Td (The ) Tj ET Q q 0 0 0 rg BT 330.48 484.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 362.08 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.32 484.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 390.24 484.10 Td (related ) Tj ET Q q 0 0 0 rg BT 415.79 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.03 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.59 484.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 469.50 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.74 484.10 Td (services ) Tj ET Q q 0 0 0 rg BT 508.04 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 515.40 484.10 Td (considered ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 472.70 Td (within ) Tj ET Q q 0 0 0 rg BT 71.32 472.70 Td (the ) Tj ET Q q 0 0 0 rg BT 84.06 472.70 Td (scope ) Tj ET Q q 0 0 0 rg BT 106.76 472.70 Td (of ) Tj ET Q q 0 0 0 rg BT 115.16 472.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 134.81 472.70 Td (15 ) Tj ET Q q 0 0 0 rg BT 145.38 472.70 Td (and ) Tj ET Q q 0 0 0 rg BT 160.29 472.70 Td (the ) Tj ET Q q 0 0 0 rg BT 173.02 472.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 190.63 472.70 Td ( ) Tj ET Q q 0 0 0 rg BT 192.54 472.70 Td (has ) Tj ET Q q 0 0 0 rg BT 207.01 472.70 Td (concluded ) Tj ET Q q 0 0 0 rg BT 244.43 472.70 Td (that ) Tj ET Q q 0 0 0 rg BT 259.33 472.70 Td (the ) Tj ET Q q 0 0 0 rg BT 272.07 472.70 Td (pattern ) Tj ET Q q 0 0 0 rg BT 298.24 472.70 Td (of ) Tj ET Q q 0 0 0 rg BT 306.64 472.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 336.70 472.70 Td (recognition ) Tj ET Q q 0 0 0 rg BT 376.72 472.70 Td (will ) Tj ET Q q 0 0 0 rg BT 389.44 472.70 Td (remain ) Tj ET Q q 0 0 0 rg BT 415.15 472.70 Td (unchanged. ) Tj ET Q q 0 0 0 rg BT 457.78 472.70 Td (On ) Tj ET Q q 0 0 0 rg BT 470.09 472.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.82 472.70 Td (adoption ) Tj ET Q q 0 0 0 rg BT 514.62 472.70 Td (of ) Tj ET Q q 0 0 0 rg BT 523.03 472.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 542.68 472.70 Td (15, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 461.30 Td (the ) Tj ET Q q 0 0 0 rg BT 62.65 461.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.26 461.30 Td ( ) Tj ET Q q 0 0 0 rg BT 82.58 461.30 Td (will ) Tj ET Q q 0 0 0 rg BT 95.72 461.30 Td (be ) Tj ET Q q 0 0 0 rg BT 106.70 461.30 Td (required ) Tj ET Q q 0 0 0 rg BT 137.60 461.30 Td (to ) Tj ET Q q 0 0 0 rg BT 146.42 461.30 Td (disclose ) Tj ET Q q 0 0 0 rg BT 176.89 461.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 207.36 461.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 247.80 461.30 Td (from ) Tj ET Q q 0 0 0 rg BT 265.70 461.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 299.63 461.30 Td (with ) Tj ET Q q 0 0 0 rg BT 315.81 461.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 354.06 461.30 Td (separately ) Tj ET Q q 0 0 0 rg BT 392.33 461.30 Td (from ) Tj ET Q q 0 0 0 rg BT 410.23 461.30 Td (other ) Tj ET Q q 0 0 0 rg BT 430.31 461.30 Td (sources ) Tj ET Q q 0 0 0 rg BT 459.91 461.30 Td (of ) Tj ET Q q 0 0 0 rg BT 468.73 461.30 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 501.37 461.30 Td (including ) Tj ET Q q 0 0 0 rg BT 534.44 461.30 Td (those ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 449.90 Td (included ) Tj ET Q q 0 0 0 rg BT 80.69 449.90 Td (within ) Tj ET Q q 0 0 0 rg BT 102.77 449.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 123.99 449.90 Td (leases.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 148.67 449.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 432.50 Td (No ) Tj ET Q q 0 0 0 rg BT 61.62 432.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 86.74 432.50 Td (on ) Tj ET Q q 0 0 0 rg BT 97.57 432.50 Td (the ) Tj ET Q q 0 0 0 rg BT 110.57 432.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 156.48 432.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.76 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 205.42 432.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 224.05 432.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 240.07 432.50 Td (is ) Tj ET Q q 0 0 0 rg BT 247.86 432.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 281.65 432.50 Td (from ) Tj ET Q q 0 0 0 rg BT 299.40 432.50 Td (adoption.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 69.41 415.10 Td (16, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 82.41 415.10 Td (Leases ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 109.70 415.10 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 134.96 415.10 Td (16"\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 397.70 Td (This ) Tj ET Q q 0 0 0 rg BT 66.15 397.70 Td (standard ) Tj ET Q q 0 0 0 rg BT 98.39 397.70 Td (introduces ) Tj ET Q q 0 0 0 rg BT 136.27 397.70 Td (a ) Tj ET Q q 0 0 0 rg BT 142.52 397.70 Td (single ) Tj ET Q q 0 0 0 rg BT 164.81 397.70 Td (lessee ) Tj ET Q q 0 0 0 rg BT 189.26 397.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 228.87 397.70 Td (model ) Tj ET Q q 0 0 0 rg BT 252.01 397.70 Td (and ) Tj ET Q q 0 0 0 rg BT 266.94 397.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 297.01 397.70 Td (a ) Tj ET Q q 0 0 0 rg BT 303.27 397.70 Td (lessee ) Tj ET Q q 0 0 0 rg BT 327.72 397.70 Td (to ) Tj ET Q q 0 0 0 rg BT 336.14 397.70 Td (recognize ) Tj ET Q q 0 0 0 rg BT 371.85 397.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 396.30 397.70 Td (and ) Tj ET Q q 0 0 0 rg BT 411.22 397.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 442.59 397.70 Td (for ) Tj ET Q q 0 0 0 rg BT 453.61 397.70 Td (all ) Tj ET Q q 0 0 0 rg BT 463.33 397.70 Td (leases ) Tj ET Q q 0 0 0 rg BT 487.78 397.70 Td (with ) Tj ET Q q 0 0 0 rg BT 503.56 397.70 Td (a ) Tj ET Q q 0 0 0 rg BT 509.82 397.70 Td (term ) Tj ET Q q 0 0 0 rg BT 527.33 397.70 Td (of ) Tj ET Q q 0 0 0 rg BT 535.76 397.70 Td (more ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 386.30 Td (than ) Tj ET Q q 0 0 0 rg BT 67.06 386.30 Td (twelve ) Tj ET Q q 0 0 0 rg BT 91.54 386.30 Td (months, ) Tj ET Q q 0 0 0 rg BT 121.65 386.30 Td (unless ) Tj ET Q q 0 0 0 rg BT 146.57 386.30 Td (the ) Tj ET Q q 0 0 0 rg BT 159.80 386.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 198.14 386.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 219.16 386.30 Td (is ) Tj ET Q q 0 0 0 rg BT 227.19 386.30 Td (of ) Tj ET Q q 0 0 0 rg BT 236.08 386.30 Td (low ) Tj ET Q q 0 0 0 rg BT 250.17 386.30 Td (value. ) Tj ET Q q 0 0 0 rg BT 272.88 386.30 Td (A) Tj ET Q q 0 0 0 rg BT 277.65 386.30 Td ( ) Tj ET Q q 0 0 0 rg BT 280.05 386.30 Td (lessee ) Tj ET Q q 0 0 0 rg BT 304.96 386.30 Td (is ) Tj ET Q q 0 0 0 rg BT 312.99 386.30 Td (required ) Tj ET Q q 0 0 0 rg BT 343.96 386.30 Td (to ) Tj ET Q q 0 0 0 rg BT 352.86 386.30 Td (recognize ) Tj ET Q q 0 0 0 rg BT 389.04 386.30 Td (a ) Tj ET Q q 0 0 0 rg BT 395.77 386.30 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 437.57 386.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 458.59 386.30 Td (representing ) Tj ET Q q 0 0 0 rg BT 504.29 386.30 Td (its ) Tj ET Q q 0 0 0 rg BT 514.48 386.30 Td (right ) Tj ET Q q 0 0 0 rg BT 532.03 386.30 Td (to ) Tj ET Q q 0 0 0 rg BT 540.93 386.30 Td (use ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 374.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.63 374.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 100.87 374.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 121.80 374.90 Td (and ) Tj ET Q q 0 0 0 rg BT 137.09 374.90 Td (a ) Tj ET Q q 0 0 0 rg BT 143.72 374.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 164.64 374.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 190.32 374.90 Td (representing ) Tj ET Q q 0 0 0 rg BT 235.93 374.90 Td (its ) Tj ET Q q 0 0 0 rg BT 246.02 374.90 Td (obligation ) Tj ET Q q 0 0 0 rg BT 281.67 374.90 Td (to ) Tj ET Q q 0 0 0 rg BT 290.47 374.90 Td (make ) Tj ET Q q 0 0 0 rg BT 311.82 374.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 332.74 374.90 Td (payments. ) Tj ET Q q 0 0 0 rg BT 370.84 374.90 Td (This ) Tj ET Q q 0 0 0 rg BT 387.85 374.90 Td (standard ) Tj ET Q q 0 0 0 rg BT 420.47 374.90 Td (substantially ) Tj ET Q q 0 0 0 rg BT 465.65 374.90 Td (carries ) Tj ET Q q 0 0 0 rg BT 491.32 374.90 Td (forward ) Tj ET Q q 0 0 0 rg BT 519.59 374.90 Td (the ) Tj ET Q q 0 0 0 rg BT 532.72 374.90 Td (lessor ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 363.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 89.67 363.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 137.62 363.50 Td (of ) Tj ET Q q 0 0 0 rg BT 146.60 363.50 Td (IAS ) Tj ET Q q 0 0 0 rg BT 161.65 363.50 Td (17, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 174.96 363.50 Td (Leases) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 200.08 363.50 Td (, ) Tj ET Q q 0 0 0 rg BT 204.74 363.50 Td (while ) Tj ET Q q 0 0 0 rg BT 224.97 363.50 Td (requiring ) Tj ET Q q 0 0 0 rg BT 257.76 363.50 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 294.47 363.50 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 335.93 363.50 Td (to ) Tj ET Q q 0 0 0 rg BT 344.91 363.50 Td (be ) Tj ET Q q 0 0 0 rg BT 356.06 363.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 388.43 363.50 Td (by ) Tj ET Q q 0 0 0 rg BT 399.14 363.50 Td (lessors. ) Tj ET Q q 0 0 0 rg BT 428.47 363.50 Td (Other ) Tj ET Q q 0 0 0 rg BT 450.45 363.50 Td (areas ) Tj ET Q q 0 0 0 rg BT 472.42 363.50 Td (of ) Tj ET Q q 0 0 0 rg BT 481.40 363.50 Td (the ) Tj ET Q q 0 0 0 rg BT 494.72 363.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 515.83 363.50 Td (accounting ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (model ) Tj ET Q q 0 0 0 rg BT 72.44 352.10 Td (have ) Tj ET Q q 0 0 0 rg BT 91.05 352.10 Td (been ) Tj ET Q q 0 0 0 rg BT 110.10 352.10 Td (impacted, ) Tj ET Q q 0 0 0 rg BT 145.59 352.10 Td (including ) Tj ET Q q 0 0 0 rg BT 178.06 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.61 352.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 223.52 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.73 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.78 352.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 260.18 352.10 Td (The ) Tj ET Q q 0 0 0 rg BT 275.33 352.10 Td (new ) Tj ET Q q 0 0 0 rg BT 291.33 352.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 323.37 352.10 Td (is ) Tj ET Q q 0 0 0 rg BT 330.71 352.10 Td (ef) Tj ET Q q 0 0 0 rg BT 337.08 352.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 361.32 352.10 Td (for ) Tj ET Q q 0 0 0 rg BT 372.13 352.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 397.24 352.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 424.51 352.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 460.01 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 470.39 352.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.04 352.10 Td (after ) Tj ET Q q 0 0 0 rg BT 496.35 352.10 Td (January ) Tj ET Q q 0 0 0 rg BT 525.78 352.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 534.00 352.10 Td (2019, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 340.70 Td (which ) Tj ET Q q 0 0 0 rg BT 71.06 340.70 Td (is ) Tj ET Q q 0 0 0 rg BT 78.33 340.70 Td (when ) Tj ET Q q 0 0 0 rg BT 98.59 340.70 Td (the ) Tj ET Q q 0 0 0 rg BT 111.07 340.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 128.68 340.70 Td ( ) Tj ET Q q 0 0 0 rg BT 130.32 340.70 Td (intends ) Tj ET Q q 0 0 0 rg BT 157.09 340.70 Td (to ) Tj ET Q q 0 0 0 rg BT 165.23 340.70 Td (adopt ) Tj ET Q q 0 0 0 rg BT 186.37 340.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 205.76 340.70 Td (16 ) Tj ET Q q 0 0 0 rg BT 216.07 340.70 Td (in ) Tj ET Q q 0 0 0 rg BT 223.78 340.70 Td (its ) Tj ET Q q 0 0 0 rg BT 233.21 340.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 263.44 340.70 Td (statements. ) Tj ET Q q 0 0 0 rg BT 305.26 340.70 Td (The ) Tj ET Q q 0 0 0 rg BT 320.33 340.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 337.94 340.70 Td ( ) Tj ET Q q 0 0 0 rg BT 339.58 340.70 Td (is ) Tj ET Q q 0 0 0 rg BT 346.85 340.70 Td (assessing ) Tj ET Q q 0 0 0 rg BT 383.15 340.70 Td (the ) Tj ET Q q 0 0 0 rg BT 395.62 340.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 420.21 340.70 Td (of ) Tj ET Q q 0 0 0 rg BT 428.36 340.70 Td (this ) Tj ET Q q 0 0 0 rg BT 442.13 340.70 Td (new ) Tj ET Q q 0 0 0 rg BT 458.06 340.70 Td (standard ) Tj ET Q q 0 0 0 rg BT 490.02 340.70 Td (on ) Tj ET Q q 0 0 0 rg BT 500.33 340.70 Td (its ) Tj ET Q q 0 0 0 rg BT 509.77 340.70 Td (consolidated ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 329.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 80.25 329.30 Td (statements.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 120.53 329.30 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 311.90 Td (INCOME T) Tj ET Q q 0 0 0 rg BT 87.01 311.90 Td (AXES ) Tj ET Q q 0 0 0 rg BT 110.11 311.90 Td (AND THE REIT EXCEPTION) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 294.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.15 294.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.49 294.50 Td (s ) Tj ET Q q 0 0 0 rg BT 90.61 294.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 122.70 294.50 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 153.51 294.50 Td (as ) Tj ET Q q 0 0 0 rg BT 163.97 294.50 Td (a ) Tj ET Q q 0 0 0 rg BT 170.52 294.50 Td ("mutual ) Tj ET Q q 0 0 0 rg BT 198.89 294.50 Td (fund ) Tj ET Q q 0 0 0 rg BT 216.28 294.50 Td (trust" ) Tj ET Q q 0 0 0 rg BT 236.43 294.50 Td (as ) Tj ET Q q 0 0 0 rg BT 246.88 294.50 Td (defined ) Tj ET Q q 0 0 0 rg BT 274.66 294.50 Td (in ) Tj ET Q q 0 0 0 rg BT 282.95 294.50 Td (the ) Tj ET Q q 0 0 0 rg BT 295.86 294.50 Td (T) Tj ET Q q 0 0 0 rg BT 299.76 294.50 Td (ax ) Tj ET Q q 0 0 0 rg BT 309.78 294.50 Td (Act. ) Tj ET Q q 0 0 0 rg BT 325.42 294.50 Td (In ) Tj ET Q q 0 0 0 rg BT 334.15 294.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 376.65 294.50 Td (with ) Tj ET Q q 0 0 0 rg BT 392.72 294.50 Td (the ) Tj ET Q q 0 0 0 rg BT 405.78 294.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 431.14 294.50 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 472.76 294.50 Td (of ) Tj ET Q q 0 0 0 rg BT 481.35 294.50 Td (T) Tj ET Q q 0 0 0 rg BT 485.82 294.50 Td (rust, ) Tj ET Q q 0 0 0 rg BT 503.20 294.50 Td (distributions ) Tj ET Q q 0 0 0 rg BT 547.00 294.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (Unitholders ) Tj ET Q q 0 0 0 rg BT 91.26 283.10 Td (are ) Tj ET Q q 0 0 0 rg BT 104.88 283.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 137.13 283.10 Td (at ) Tj ET Q q 0 0 0 rg BT 145.99 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.19 283.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 194.89 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.75 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.95 283.10 Td (trustees. ) Tj ET Q q 0 0 0 rg BT 249.04 283.10 Td (The ) Tj ET Q q 0 0 0 rg BT 264.83 283.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 282.44 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.80 283.10 Td (endeavours ) Tj ET Q q 0 0 0 rg BT 327.88 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.74 283.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 370.72 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.58 283.10 Td (Unitholders, ) Tj ET Q q 0 0 0 rg BT 423.51 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.93 283.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 450.75 283.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.04 283.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 477.56 283.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 498.55 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 506.97 283.10 Td (each ) Tj ET Q q 0 0 0 rg BT 526.23 283.10 Td (taxation ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 271.70 Td (year ) Tj ET Q q 0 0 0 rg BT 66.82 271.70 Td (its ) Tj ET Q q 0 0 0 rg BT 76.78 271.70 Td (taxable ) Tj ET Q q 0 0 0 rg BT 104.07 271.70 Td (income ) Tj ET Q q 0 0 0 rg BT 131.35 271.70 Td (to ) Tj ET Q q 0 0 0 rg BT 140.02 271.70 Td (such ) Tj ET Q q 0 0 0 rg BT 158.64 271.70 Td (an ) Tj ET Q q 0 0 0 rg BT 169.47 271.70 Td (extent ) Tj ET Q q 0 0 0 rg BT 192.87 271.70 Td (that ) Tj ET Q q 0 0 0 rg BT 208.03 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 221.03 271.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 238.64 271.70 Td ( ) Tj ET Q q 0 0 0 rg BT 240.81 271.70 Td (will ) Tj ET Q q 0 0 0 rg BT 253.79 271.70 Td (not ) Tj ET Q q 0 0 0 rg BT 266.78 271.70 Td (be ) Tj ET Q q 0 0 0 rg BT 277.61 271.70 Td (liable ) Tj ET Q q 0 0 0 rg BT 297.97 271.70 Td (to ) Tj ET Q q 0 0 0 rg BT 306.64 271.70 Td (income ) Tj ET Q q 0 0 0 rg BT 333.92 271.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.48 271.70 Td (under ) Tj ET Q q 0 0 0 rg BT 368.57 271.70 Td (Part ) Tj ET Q q 0 0 0 rg BT 385.02 271.70 Td (I ) Tj ET Q q 0 0 0 rg BT 389.36 271.70 Td (of ) Tj ET Q q 0 0 0 rg BT 398.02 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 410.88 271.70 Td (T) Tj ET Q q 0 0 0 rg BT 414.78 271.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 424.75 271.70 Td (Act.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 254.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.67 254.30 Td (T) Tj ET Q q 0 0 0 rg BT 68.57 254.30 Td (ax ) Tj ET Q q 0 0 0 rg BT 78.29 254.30 Td (Act ) Tj ET Q q 0 0 0 rg BT 91.41 254.30 Td (imposes ) Tj ET Q q 0 0 0 rg BT 122.29 254.30 Td (a ) Tj ET Q q 0 0 0 rg BT 128.48 254.30 Td (special ) Tj ET Q q 0 0 0 rg BT 154.60 254.30 Td (taxation ) Tj ET Q q 0 0 0 rg BT 183.75 254.30 Td (regime ) Tj ET Q q 0 0 0 rg BT 209.42 254.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 224.71 254.30 Td ("SIFT) Tj ET Q q 0 0 0 rg BT 244.22 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 246.08 254.30 Td (Rules"\) ) Tj ET Q q 0 0 0 rg BT 273.22 254.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 310.17 254.30 Td (to ) Tj ET Q q 0 0 0 rg BT 318.53 254.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 343.77 254.30 Td (publicly ) Tj ET Q q 0 0 0 rg BT 371.62 254.30 Td (traded ) Tj ET Q q 0 0 0 rg BT 395.57 254.30 Td (income ) Tj ET Q q 0 0 0 rg BT 422.55 254.30 Td (trusts ) Tj ET Q q 0 0 0 rg BT 443.46 254.30 Td (\(each ) Tj ET Q q 0 0 0 rg BT 464.81 254.30 Td (a ) Tj ET Q q 0 0 0 rg BT 471.01 254.30 Td ("SIFT"\). ) Tj ET Q q 0 0 0 rg BT 499.67 254.30 Td (A) Tj ET Q q 0 0 0 rg BT 504.44 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 506.31 254.30 Td (SIFT) Tj ET Q q 0 0 0 rg BT 523.05 254.30 Td ( ) Tj ET Q q 0 0 0 rg BT 524.91 254.30 Td (includes ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 242.90 Td (a ) Tj ET Q q 0 0 0 rg BT 56.85 242.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 75.02 242.90 Td (resident ) Tj ET Q q 0 0 0 rg BT 105.75 242.90 Td (in ) Tj ET Q q 0 0 0 rg BT 114.83 242.90 Td (Canada ) Tj ET Q q 0 0 0 rg BT 145.13 242.90 Td (with ) Tj ET Q q 0 0 0 rg BT 161.99 242.90 Td (publicly ) Tj ET Q q 0 0 0 rg BT 190.99 242.90 Td (traded ) Tj ET Q q 0 0 0 rg BT 216.10 242.90 Td (units ) Tj ET Q q 0 0 0 rg BT 235.57 242.90 Td (that ) Tj ET Q q 0 0 0 rg BT 251.58 242.90 Td (holds ) Tj ET Q q 0 0 0 rg BT 273.22 242.90 Td (one ) Tj ET Q q 0 0 0 rg BT 289.24 242.90 Td (or ) Tj ET Q q 0 0 0 rg BT 299.18 242.90 Td (more ) Tj ET Q q 0 0 0 rg BT 319.94 242.90 Td ("non-portfolio ) Tj ET Q q 0 0 0 rg BT 369.03 242.90 Td (properties". ) Tj ET Q q 0 0 0 rg BT 411.62 242.90 Td ("Non-portfolio ) Tj ET Q q 0 0 0 rg BT 461.99 242.90 Td (properties" ) Tj ET Q q 0 0 0 rg BT 502.42 242.90 Td (include ) Tj ET Q q 0 0 0 rg BT 530.12 242.90 Td (certain ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 231.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 93.49 231.50 Td (in ) Tj ET Q q 0 0 0 rg BT 101.98 231.50 Td (real ) Tj ET Q q 0 0 0 rg BT 117.39 231.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 154.45 231.50 Td (situated ) Tj ET Q q 0 0 0 rg BT 184.16 231.50 Td (in ) Tj ET Q q 0 0 0 rg BT 192.64 231.50 Td (Canada ) Tj ET Q q 0 0 0 rg BT 222.35 231.50 Td (and ) Tj ET Q q 0 0 0 rg BT 237.77 231.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 263.57 231.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 307.56 231.50 Td (in ) Tj ET Q q 0 0 0 rg BT 316.05 231.50 Td (corporations ) Tj ET Q q 0 0 0 rg BT 361.34 231.50 Td (and ) Tj ET Q q 0 0 0 rg BT 376.76 231.50 Td (trusts ) Tj ET Q q 0 0 0 rg BT 398.23 231.50 Td (residents ) Tj ET Q q 0 0 0 rg BT 432.26 231.50 Td (in ) Tj ET Q q 0 0 0 rg BT 440.75 231.50 Td (Canada ) Tj ET Q q 0 0 0 rg BT 470.45 231.50 Td (and ) Tj ET Q q 0 0 0 rg BT 485.87 231.50 Td (in ) Tj ET Q q 0 0 0 rg BT 494.35 231.50 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 539.64 231.50 Td (with ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 82.08 220.10 Td (connections ) Tj ET Q q 0 0 0 rg BT 125.50 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.40 220.10 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 164.68 220.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 187.73 220.10 Td (SIFT) Tj ET Q q 0 0 0 rg BT 204.47 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.31 220.10 Td (Rules, ) Tj ET Q q 0 0 0 rg BT 230.22 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.39 220.10 Td (SIFT) Tj ET Q q 0 0 0 rg BT 253.13 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.97 220.10 Td (is ) Tj ET Q q 0 0 0 rg BT 262.43 220.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 288.95 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.28 220.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 309.51 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.41 220.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 344.79 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.12 220.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 378.34 220.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 421.75 220.10 Td (that ) Tj ET Q q 0 0 0 rg BT 436.58 220.10 Td (are ) Tj ET Q q 0 0 0 rg BT 449.67 220.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 490.05 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.38 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.05 220.10 Td (SIFT's ) Tj ET Q q 0 0 0 rg BT 535.15 220.10 Td ("non-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 208.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 80.36 208.70 Td (earnings" ) Tj ET Q q 0 0 0 rg BT 116.15 208.70 Td (\(as ) Tj ET Q q 0 0 0 rg BT 130.12 208.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 158.82 208.70 Td (in ) Tj ET Q q 0 0 0 rg BT 168.03 208.70 Td (the ) Tj ET Q q 0 0 0 rg BT 181.81 208.70 Td (T) Tj ET Q q 0 0 0 rg BT 185.71 208.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 196.46 208.70 Td (Act; ) Tj ET Q q 0 0 0 rg BT 213.03 208.70 Td (generally) Tj ET Q q 0 0 0 rg BT 244.07 208.70 Td (, ) Tj ET Q q 0 0 0 rg BT 249.38 208.70 Td (income ) Tj ET Q q 0 0 0 rg BT 277.64 208.70 Td (\(other ) Tj ET Q q 0 0 0 rg BT 301.14 208.70 Td (than ) Tj ET Q q 0 0 0 rg BT 319.44 208.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 345.97 208.70 Td (dividends\) ) Tj ET Q q 0 0 0 rg BT 384.63 208.70 Td (from, ) Tj ET Q q 0 0 0 rg BT 405.52 208.70 Td (or ) Tj ET Q q 0 0 0 rg BT 415.59 208.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 441.25 208.70 Td (gains ) Tj ET Q q 0 0 0 rg BT 463.02 208.70 Td (realized ) Tj ET Q q 0 0 0 rg BT 493.45 208.70 Td (on, ) Tj ET Q q 0 0 0 rg BT 507.42 208.70 Td ("non-portfolio ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 197.30 Td (properties", ) Tj ET Q q 0 0 0 rg BT 91.82 197.30 Td (which ) Tj ET Q q 0 0 0 rg BT 114.47 197.30 Td (does ) Tj ET Q q 0 0 0 rg BT 134.11 197.30 Td (not ) Tj ET Q q 0 0 0 rg BT 147.69 197.30 Td (include ) Tj ET Q q 0 0 0 rg BT 175.12 197.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 201.24 197.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 245.56 197.30 Td (in ) Tj ET Q q 0 0 0 rg BT 254.37 197.30 Td (non-Canadian ) Tj ET Q q 0 0 0 rg BT 306.05 197.30 Td (entities\), ) Tj ET Q q 0 0 0 rg BT 338.24 197.30 Td (at ) Tj ET Q q 0 0 0 rg BT 347.48 197.30 Td (a ) Tj ET Q q 0 0 0 rg BT 354.56 197.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 370.72 197.30 Td (substantially ) Tj ET Q q 0 0 0 rg BT 416.34 197.30 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 454.61 197.30 Td (to ) Tj ET Q q 0 0 0 rg BT 463.85 197.30 Td (the ) Tj ET Q q 0 0 0 rg BT 477.42 197.30 Td (combined ) Tj ET Q q 0 0 0 rg BT 513.95 197.30 Td (federal ) Tj ET Q q 0 0 0 rg BT 540.51 197.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 185.90 Td (provincial ) Tj ET Q q 0 0 0 rg BT 84.55 185.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 119.61 185.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.14 185.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 147.71 185.90 Td (on ) Tj ET Q q 0 0 0 rg BT 158.52 185.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 184.05 185.90 Td (types ) Tj ET Q q 0 0 0 rg BT 204.82 185.90 Td (of ) Tj ET Q q 0 0 0 rg BT 213.46 185.90 Td (income. ) Tj ET Q q 0 0 0 rg BT 242.75 185.90 Td (The ) Tj ET Q q 0 0 0 rg BT 258.32 185.90 Td (SIFT) Tj ET Q q 0 0 0 rg BT 275.06 185.90 Td ( ) Tj ET Q q 0 0 0 rg BT 277.20 185.90 Td (Rules ) Tj ET Q q 0 0 0 rg BT 299.26 185.90 Td (are ) Tj ET Q q 0 0 0 rg BT 312.66 185.90 Td (not ) Tj ET Q q 0 0 0 rg BT 325.64 185.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 362.86 185.90 Td (to ) Tj ET Q q 0 0 0 rg BT 371.51 185.90 Td (a ) Tj ET Q q 0 0 0 rg BT 377.98 185.90 Td (SIFT) Tj ET Q q 0 0 0 rg BT 394.73 185.90 Td ( ) Tj ET Q q 0 0 0 rg BT 396.87 185.90 Td (that ) Tj ET Q q 0 0 0 rg BT 412.01 185.90 Td (meets ) Tj ET Q q 0 0 0 rg BT 435.37 185.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 460.90 185.90 Td (specified ) Tj ET Q q 0 0 0 rg BT 493.79 185.90 Td (criteria ) Tj ET Q q 0 0 0 rg BT 519.31 185.90 Td (relating ) Tj ET Q q 0 0 0 rg BT 547.01 185.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 174.50 Td (the ) Tj ET Q q 0 0 0 rg BT 62.75 174.50 Td (nature ) Tj ET Q q 0 0 0 rg BT 87.26 174.50 Td (of ) Tj ET Q q 0 0 0 rg BT 96.18 174.50 Td (its ) Tj ET Q q 0 0 0 rg BT 106.40 174.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 140.87 174.50 Td (and ) Tj ET Q q 0 0 0 rg BT 156.29 174.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 200.28 174.50 Td (in ) Tj ET Q q 0 0 0 rg BT 208.77 174.50 Td (order ) Tj ET Q q 0 0 0 rg BT 229.37 174.50 Td (to ) Tj ET Q q 0 0 0 rg BT 238.29 174.50 Td (qualify ) Tj ET Q q 0 0 0 rg BT 263.24 174.50 Td (as ) Tj ET Q q 0 0 0 rg BT 273.89 174.50 Td (a ) Tj ET Q q 0 0 0 rg BT 280.64 174.50 Td (real ) Tj ET Q q 0 0 0 rg BT 296.05 174.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 319.70 174.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 359.80 174.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 377.37 174.50 Td (for ) Tj ET Q q 0 0 0 rg BT 388.89 174.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 423.36 174.50 Td (of ) Tj ET Q q 0 0 0 rg BT 432.28 174.50 Td (the ) Tj ET Q q 0 0 0 rg BT 445.38 174.50 Td (T) Tj ET Q q 0 0 0 rg BT 449.28 174.50 Td (ax ) Tj ET Q q 0 0 0 rg BT 459.45 174.50 Td (Act ) Tj ET Q q 0 0 0 rg BT 473.13 174.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 488.98 174.50 Td ("REIT) Tj ET Q q 0 0 0 rg BT 509.35 174.50 Td ( ) Tj ET Q q 0 0 0 rg BT 511.77 174.50 Td (Exception"\). ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 163.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.70 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.87 163.10 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 115.62 163.10 Td (for ) Tj ET Q q 0 0 0 rg BT 126.88 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.87 163.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 157.48 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.65 163.10 Td (Exception ) Tj ET Q q 0 0 0 rg BT 196.03 163.10 Td (as ) Tj ET Q q 0 0 0 rg BT 206.43 163.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.09 163.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 266.19 163.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 283.52 163.10 Td (. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 145.70 Td (DISCLOSURE CONTROLS ) Tj ET Q q 0 0 0 rg BT 148.32 145.70 Td (AND PROCEDURES ) Tj ET Q q 0 0 0 rg BT 224.19 145.70 Td (AND INTERNAL) Tj ET Q q 0 0 0 rg BT 282.46 145.70 Td ( CONTROLS OVER FINANCIAL) Tj ET Q q 0 0 0 rg BT 396.57 145.70 Td ( REPORTING) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 128.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.09 128.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 83.43 128.30 Td (s ) Tj ET Q q 0 0 0 rg BT 88.50 128.30 Td (management, ) Tj ET Q q 0 0 0 rg BT 137.30 128.30 Td (under ) Tj ET Q q 0 0 0 rg BT 158.40 128.30 Td (the ) Tj ET Q q 0 0 0 rg BT 170.39 128.30 Td (supervision ) Tj ET Q q 0 0 0 rg BT 210.97 128.30 Td (of ) Tj ET Q q 0 0 0 rg BT 218.64 128.30 Td (its ) Tj ET Q q 0 0 0 rg BT 227.60 128.30 Td (Chief ) Tj ET Q q 0 0 0 rg BT 246.95 128.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 281.90 128.30 Td (Of) Tj ET Q q 0 0 0 rg BT 289.99 128.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 305.88 128.30 Td (\(CEO\) ) Tj ET Q q 0 0 0 rg BT 334.30 128.30 Td (and ) Tj ET Q q 0 0 0 rg BT 348.47 128.30 Td (Chief ) Tj ET Q q 0 0 0 rg BT 367.82 128.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 400.16 128.30 Td (Of) Tj ET Q q 0 0 0 rg BT 408.26 128.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 424.14 128.30 Td (\(CFO\), ) Tj ET Q q 0 0 0 rg BT 454.30 128.30 Td (is ) Tj ET Q q 0 0 0 rg BT 461.09 128.30 Td (responsible ) Tj ET Q q 0 0 0 rg BT 502.10 128.30 Td (for ) Tj ET Q q 0 0 0 rg BT 512.36 128.30 Td (establishing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 116.90 Td (and ) Tj ET Q q 0 0 0 rg BT 64.96 116.90 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 107.26 116.90 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 144.80 116.90 Td (controls ) Tj ET Q q 0 0 0 rg BT 174.54 116.90 Td (and ) Tj ET Q q 0 0 0 rg BT 189.99 116.90 Td (procedures ) Tj ET Q q 0 0 0 rg BT 231.43 116.90 Td (\(DC&P\) ) Tj ET Q q 0 0 0 rg BT 265.90 116.90 Td (and ) Tj ET Q q 0 0 0 rg BT 281.36 116.90 Td (internal ) Tj ET Q q 0 0 0 rg BT 309.37 116.90 Td (controls ) Tj ET Q q 0 0 0 rg BT 339.11 116.90 Td (over ) Tj ET Q q 0 0 0 rg BT 356.72 116.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 387.77 116.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 420.98 116.90 Td (\(ICFR\), ) Tj ET Q q 0 0 0 rg BT 454.15 116.90 Td (as ) Tj ET Q q 0 0 0 rg BT 464.83 116.90 Td (such ) Tj ET Q q 0 0 0 rg BT 483.75 116.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 505.69 116.90 Td (are ) Tj ET Q q 0 0 0 rg BT 519.41 116.90 Td (defined ) Tj ET Q q 0 0 0 rg BT 547.43 116.90 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 105.50 Td (National ) Tj ET Q q 0 0 0 rg BT 80.25 105.50 Td (Instrument ) Tj ET Q q 0 0 0 rg BT 119.22 105.50 Td (52-109 ) Tj ET Q q 0 0 0 rg BT 145.64 105.50 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 152.14 105.50 Td (Certification ) Tj ET Q q 0 0 0 rg BT 195.44 105.50 Td (of ) Tj ET Q q 0 0 0 rg BT 204.11 105.50 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 242.64 105.50 Td (in ) Tj ET Q q 0 0 0 rg BT 250.87 105.50 Td (Issuers) Tj ET Q q 0 0 0 rg BT 277.36 105.50 Td ( ) Tj ET Q q 0 0 0 rg BT 279.00 105.50 Td (Annual ) Tj ET Q q 0 0 0 rg BT 305.42 105.50 Td (and ) Tj ET Q q 0 0 0 rg BT 320.59 105.50 Td (Interim ) Tj ET Q q 0 0 0 rg BT 346.57 105.50 Td (Filings) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 369.08 105.50 Td ( ) Tj ET Q q 0 0 0 rg BT 371.24 105.50 Td (\(NI ) Tj ET Q q 0 0 0 rg BT 386.39 105.50 Td (52-109\).) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 88.10 Td (DC&P) Tj ET Q q 0 0 0 rg BT 71.00 88.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.41 88.10 Td (are ) Tj ET Q q 0 0 0 rg BT 85.07 88.10 Td (those ) Tj ET Q q 0 0 0 rg BT 105.53 88.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 134.22 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.62 88.10 Td (other ) Tj ET Q q 0 0 0 rg BT 167.78 88.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 208.16 88.10 Td (that ) Tj ET Q q 0 0 0 rg BT 222.57 88.10 Td (are ) Tj ET Q q 0 0 0 rg BT 235.23 88.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 268.26 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.16 88.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 303.11 88.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 343.07 88.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 380.42 88.10 Td (that ) Tj ET Q q 0 0 0 rg BT 394.82 88.10 Td (all ) Tj ET Q q 0 0 0 rg BT 404.02 88.10 Td (material ) Tj ET Q q 0 0 0 rg BT 433.13 88.10 Td (information ) Tj ET Q q 0 0 0 rg BT 473.08 88.10 Td (required ) Tj ET Q q 0 0 0 rg BT 503.06 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.96 88.10 Td (be ) Tj ET Q q 0 0 0 rg BT 521.03 88.10 Td (disclosed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 76.70 Td (by ) Tj ET Q q 0 0 0 rg BT 60.06 76.70 Td (the ) Tj ET Q q 0 0 0 rg BT 73.23 76.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 90.84 76.70 Td ( ) Tj ET Q q 0 0 0 rg BT 93.17 76.70 Td (in ) Tj ET Q q 0 0 0 rg BT 101.57 76.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 127.29 76.70 Td (filings, ) Tj ET Q q 0 0 0 rg BT 151.71 76.70 Td (interim ) Tj ET Q q 0 0 0 rg BT 177.42 76.70 Td (filings ) Tj ET Q q 0 0 0 rg BT 199.67 76.70 Td (or ) Tj ET Q q 0 0 0 rg BT 208.93 76.70 Td (other ) Tj ET Q q 0 0 0 rg BT 229.02 76.70 Td (reports ) Tj ET Q q 0 0 0 rg BT 255.60 76.70 Td (filed ) Tj ET Q q 0 0 0 rg BT 272.23 76.70 Td (or ) Tj ET Q q 0 0 0 rg BT 281.49 76.70 Td (submitted ) Tj ET Q q 0 0 0 rg BT 317.60 76.70 Td (under ) Tj ET Q q 0 0 0 rg BT 339.86 76.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 375.10 76.70 Td (legislation ) Tj ET Q q 0 0 0 rg BT 412.08 76.70 Td (is ) Tj ET Q q 0 0 0 rg BT 420.04 76.70 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 455.29 76.70 Td (processed, ) Tj ET Q q 0 0 0 rg BT 495.73 76.70 Td (summarized ) Tj ET Q q 0 0 0 rg BT 540.49 76.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 65.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 80.36 65.30 Td (within ) Tj ET Q q 0 0 0 rg BT 102.12 65.30 Td (the ) Tj ET Q q 0 0 0 rg BT 114.79 65.30 Td (time ) Tj ET Q q 0 0 0 rg BT 131.36 65.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 158.75 65.30 Td (specified ) Tj ET Q q 0 0 0 rg BT 191.34 65.30 Td (in ) Tj ET Q q 0 0 0 rg BT 199.25 65.30 Td (the ) Tj ET Q q 0 0 0 rg BT 211.93 65.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 246.68 65.30 Td (legislation. ) Tj ET Q q 0 0 0 rg BT 285.34 65.30 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 332.20 65.30 Td (DC&P) Tj ET Q q 0 0 0 rg BT 353.70 65.30 Td ( ) Tj ET Q q 0 0 0 rg BT 355.55 65.30 Td (are ) Tj ET Q q 0 0 0 rg BT 368.65 65.30 Td (those ) Tj ET Q q 0 0 0 rg BT 389.55 65.30 Td (controls ) Tj ET Q q 0 0 0 rg BT 418.68 65.30 Td (and ) Tj ET Q q 0 0 0 rg BT 433.52 65.30 Td (other ) Tj ET Q q 0 0 0 rg BT 453.12 65.30 Td (procedures ) Tj ET Q q 0 0 0 rg BT 493.94 65.30 Td (that ) Tj ET Q q 0 0 0 rg BT 508.78 65.30 Td (are ) Tj ET Q q 0 0 0 rg BT 521.88 65.30 Td (designed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 53.90 Td (to ) Tj ET Q q 0 0 0 rg BT 58.73 53.90 Td (ensure ) Tj ET Q q 0 0 0 rg BT 85.28 53.90 Td (that ) Tj ET Q q 0 0 0 rg BT 101.01 53.90 Td (material ) Tj ET Q q 0 0 0 rg BT 131.45 53.90 Td (information ) Tj ET Q q 0 0 0 rg BT 172.73 53.90 Td (required ) Tj ET Q q 0 0 0 rg BT 204.04 53.90 Td (to ) Tj ET Q q 0 0 0 rg BT 213.27 53.90 Td (be ) Tj ET Q q 0 0 0 rg BT 224.67 53.90 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 259.88 53.90 Td (by ) Tj ET Q q 0 0 0 rg BT 270.84 53.90 Td (the ) Tj ET Q q 0 0 0 rg BT 284.41 53.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 302.01 53.90 Td ( ) Tj ET Q q 0 0 0 rg BT 304.75 53.90 Td (in ) Tj ET Q q 0 0 0 rg BT 313.54 53.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 339.67 53.90 Td (filings, ) Tj ET Q q 0 0 0 rg BT 364.49 53.90 Td (interim ) Tj ET Q q 0 0 0 rg BT 390.59 53.90 Td (filings ) Tj ET Q q 0 0 0 rg BT 413.25 53.90 Td (or ) Tj ET Q q 0 0 0 rg BT 422.90 53.90 Td (other ) Tj ET Q q 0 0 0 rg BT 443.39 53.90 Td (reports ) Tj ET Q q 0 0 0 rg BT 470.37 53.90 Td (filed ) Tj ET Q q 0 0 0 rg BT 487.40 53.90 Td (or ) Tj ET Q q 0 0 0 rg BT 497.06 53.90 Td (submitted ) Tj ET Q q 0 0 0 rg BT 533.57 53.90 Td (under ) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 38) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 85.33 742.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 122.90 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 131.45 742.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 178.54 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.46 742.10 Td (communicated ) Tj ET Q q 0 0 0 rg BT 248.05 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.47 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.22 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 290.56 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 297.38 742.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 347.94 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 381.62 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 392.33 742.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 412.13 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.05 742.10 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 449.59 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 460.74 742.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 503.07 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.49 742.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 533.16 742.10 Td (timely ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (decisions ) Tj ET Q q 0 0 0 rg BT 84.15 730.70 Td (regarding ) Tj ET Q q 0 0 0 rg BT 119.23 730.70 Td (required ) Tj ET Q q 0 0 0 rg BT 149.97 730.70 Td (disclosure. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 69.12 713.30 Td (is ) Tj ET Q q 0 0 0 rg BT 76.19 713.30 Td (designed ) Tj ET Q q 0 0 0 rg BT 109.26 713.30 Td (to ) Tj ET Q q 0 0 0 rg BT 117.20 713.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 144.20 713.30 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 184.19 713.30 Td (assurance ) Tj ET Q q 0 0 0 rg BT 221.59 713.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 255.94 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 268.22 713.30 Td (reliability ) Tj ET Q q 0 0 0 rg BT 299.97 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 307.92 713.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.95 713.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 370.14 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 384.59 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 396.86 713.30 Td (preparation ) Tj ET Q q 0 0 0 rg BT 437.72 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 445.67 713.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 475.70 713.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 515.26 713.30 Td (for ) Tj ET Q q 0 0 0 rg BT 525.79 713.30 Td (external ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (purposes ) Tj ET Q q 0 0 0 rg BT 83.72 701.90 Td (in ) Tj ET Q q 0 0 0 rg BT 91.94 701.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 134.39 701.90 Td (with ) Tj ET Q q 0 0 0 rg BT 150.41 701.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 170.32 701.90 Td (for ) Tj ET Q q 0 0 0 rg BT 181.58 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 194.57 701.90 Td (year ) Tj ET Q q 0 0 0 rg BT 211.90 701.90 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 235.72 701.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 286.82 701.90 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 304.15 701.90 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 684.50 Td (As ) Tj ET Q q 0 0 0 rg BT 60.16 684.50 Td (at ) Tj ET Q q 0 0 0 rg BT 68.22 684.50 Td (December ) Tj ET Q q 0 0 0 rg BT 105.72 684.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 118.12 684.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 137.01 684.50 Td (the ) Tj ET Q q 0 0 0 rg BT 149.41 684.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 168.75 684.50 Td (s ) Tj ET Q q 0 0 0 rg BT 174.21 684.50 Td (CEO ) Tj ET Q q 0 0 0 rg BT 192.65 684.50 Td (and ) Tj ET Q q 0 0 0 rg BT 207.22 684.50 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 227.39 684.50 Td (along ) Tj ET Q q 0 0 0 rg BT 248.02 684.50 Td (with ) Tj ET Q q 0 0 0 rg BT 263.44 684.50 Td (the ) Tj ET Q q 0 0 0 rg BT 275.83 684.50 Td (assistance ) Tj ET Q q 0 0 0 rg BT 314.21 684.50 Td (of ) Tj ET Q q 0 0 0 rg BT 322.28 684.50 Td (others, ) Tj ET Q q 0 0 0 rg BT 347.66 684.50 Td (have ) Tj ET Q q 0 0 0 rg BT 366.12 684.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 399.31 684.50 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 435.95 684.50 Td (controls ) Tj ET Q q 0 0 0 rg BT 464.79 684.50 Td (and ) Tj ET Q q 0 0 0 rg BT 479.36 684.50 Td (procedures ) Tj ET Q q 0 0 0 rg BT 519.90 684.50 Td (to ) Tj ET Q q 0 0 0 rg BT 527.96 684.50 Td (provide ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 90.46 673.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 128.82 673.10 Td (that ) Tj ET Q q 0 0 0 rg BT 144.24 673.10 Td (information ) Tj ET Q q 0 0 0 rg BT 185.19 673.10 Td (required ) Tj ET Q q 0 0 0 rg BT 216.19 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.10 673.10 Td (be ) Tj ET Q q 0 0 0 rg BT 236.18 673.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 271.08 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.55 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.80 673.10 Td (various ) Tj ET Q q 0 0 0 rg BT 320.33 673.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 346.99 673.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 363.70 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.04 673.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 409.23 673.10 Td (by ) Tj ET Q q 0 0 0 rg BT 419.88 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.13 673.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 450.73 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.15 673.10 Td (under ) Tj ET Q q 0 0 0 rg BT 475.49 673.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 510.81 673.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 547.87 673.10 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 661.70 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 85.76 661.70 Td (processed, ) Tj ET Q q 0 0 0 rg BT 127.22 661.70 Td (summarized ) Tj ET Q q 0 0 0 rg BT 173.00 661.70 Td (and ) Tj ET Q q 0 0 0 rg BT 189.35 661.70 Td (reported ) Tj ET Q q 0 0 0 rg BT 221.71 661.70 Td (accurately ) Tj ET Q q 0 0 0 rg BT 260.57 661.70 Td (and ) Tj ET Q q 0 0 0 rg BT 276.92 661.70 Td (have ) Tj ET Q q 0 0 0 rg BT 297.17 661.70 Td (designed ) Tj ET Q q 0 0 0 rg BT 332.14 661.70 Td (internal ) Tj ET Q q 0 0 0 rg BT 361.04 661.70 Td (controls ) Tj ET Q q 0 0 0 rg BT 391.67 661.70 Td (over ) Tj ET Q q 0 0 0 rg BT 410.17 661.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.11 661.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 476.21 661.70 Td (to ) Tj ET Q q 0 0 0 rg BT 486.05 661.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 514.95 661.70 Td (reasonable ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 650.30 Td (assurance ) Tj ET Q q 0 0 0 rg BT 87.61 650.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 122.69 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 135.69 650.30 Td (reliability ) Tj ET Q q 0 0 0 rg BT 168.16 650.30 Td (of ) Tj ET Q q 0 0 0 rg BT 176.83 650.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 207.58 650.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 240.49 650.30 Td (and ) Tj ET Q q 0 0 0 rg BT 255.65 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 268.65 650.30 Td (preparation ) Tj ET Q q 0 0 0 rg BT 310.23 650.30 Td (of ) Tj ET Q q 0 0 0 rg BT 318.90 650.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 349.65 650.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 389.93 650.30 Td (for ) Tj ET Q q 0 0 0 rg BT 401.18 650.30 Td (external ) Tj ET Q q 0 0 0 rg BT 431.07 650.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 465.28 650.30 Td (in ) Tj ET Q q 0 0 0 rg BT 473.51 650.30 Td (accordance ) Tj ET Q q 0 0 0 rg BT 515.96 650.30 Td (with ) Tj ET Q q 0 0 0 rg BT 531.97 650.30 Td (IFRS.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 632.90 Td (In ) Tj ET Q q 0 0 0 rg BT 57.96 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 70.75 632.90 Td (design ) Tj ET Q q 0 0 0 rg BT 95.66 632.90 Td (of ) Tj ET Q q 0 0 0 rg BT 104.12 632.90 Td (of ) Tj ET Q q 0 0 0 rg BT 112.58 632.90 Td (its ) Tj ET Q q 0 0 0 rg BT 122.33 632.90 Td (internal ) Tj ET Q q 0 0 0 rg BT 149.84 632.90 Td (controls ) Tj ET Q q 0 0 0 rg BT 179.08 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 191.87 632.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 209.48 632.90 Td ( ) Tj ET Q q 0 0 0 rg BT 211.44 632.90 Td (used ) Tj ET Q q 0 0 0 rg BT 230.29 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 243.08 632.90 Td (2013 ) Tj ET Q q 0 0 0 rg BT 262.37 632.90 Td (framework ) Tj ET Q q 0 0 0 rg BT 300.69 632.90 Td (published ) Tj ET Q q 0 0 0 rg BT 336.00 632.90 Td (by ) Tj ET Q q 0 0 0 rg BT 346.19 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 358.98 632.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 398.60 632.90 Td (of ) Tj ET Q q 0 0 0 rg BT 407.06 632.90 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 448.43 632.90 Td (Organizations ) Tj ET Q q 0 0 0 rg BT 498.46 632.90 Td (of ) Tj ET Q q 0 0 0 rg BT 506.92 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 519.59 632.90 Td (T) Tj ET Q q 0 0 0 rg BT 524.06 632.90 Td (readway ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 621.50 Td (Commission ) Tj ET Q q 0 0 0 rg BT 94.81 621.50 Td (for ) Tj ET Q q 0 0 0 rg BT 106.36 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 119.65 621.50 Td (year ) Tj ET Q q 0 0 0 rg BT 137.26 621.50 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 161.38 621.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 212.76 621.50 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 230.09 621.50 Td (. ) Tj ET Q q 0 0 0 rg BT 234.72 621.50 Td ( ) Tj ET Q q 0 0 0 rg BT 237.17 621.50 Td (No ) Tj ET Q q 0 0 0 rg BT 249.58 621.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 281.50 621.50 Td (were ) Tj ET Q q 0 0 0 rg BT 300.83 621.50 Td (made ) Tj ET Q q 0 0 0 rg BT 322.78 621.50 Td (in ) Tj ET Q q 0 0 0 rg BT 331.30 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 344.58 621.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 370.17 621.50 Td (design ) Tj ET Q q 0 0 0 rg BT 395.59 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 404.54 621.50 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 425.17 621.50 Td (during ) Tj ET Q q 0 0 0 rg BT 449.28 621.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.57 621.50 Td (year ) Tj ET Q q 0 0 0 rg BT 480.18 621.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 504.30 621.50 Td (December ) Tj ET Q q 0 0 0 rg BT 542.69 621.50 Td (31, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 66.83 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 71.16 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 86.33 610.10 Td (have ) Tj ET Q q 0 0 0 rg BT 105.39 610.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 140.89 610.10 Td (af) Tj ET Q q 0 0 0 rg BT 147.25 610.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 172.81 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.91 610.10 Td (are ) Tj ET Q q 0 0 0 rg BT 195.33 610.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 235.61 610.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 255.09 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.76 610.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 299.26 610.10 Td (af) Tj ET Q q 0 0 0 rg BT 305.62 610.10 Td (fect, ) Tj ET Q q 0 0 0 rg BT 322.52 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.52 610.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 354.86 610.10 Td (s ) Tj ET Q q 0 0 0 rg BT 360.92 610.10 Td (ICFR. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 592.70 Td (In ) Tj ET Q q 0 0 0 rg BT 57.88 592.70 Td (designing ) Tj ET Q q 0 0 0 rg BT 93.11 592.70 Td (such ) Tj ET Q q 0 0 0 rg BT 111.45 592.70 Td (controls, ) Tj ET Q q 0 0 0 rg BT 142.77 592.70 Td (it ) Tj ET Q q 0 0 0 rg BT 148.55 592.70 Td (should ) Tj ET Q q 0 0 0 rg BT 173.38 592.70 Td (be ) Tj ET Q q 0 0 0 rg BT 183.93 592.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 223.92 592.70 Td (that ) Tj ET Q q 0 0 0 rg BT 238.80 592.70 Td (due ) Tj ET Q q 0 0 0 rg BT 253.67 592.70 Td (to ) Tj ET Q q 0 0 0 rg BT 262.05 592.70 Td (inherent ) Tj ET Q q 0 0 0 rg BT 292.08 592.70 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 330.77 592.70 Td (any ) Tj ET Q q 0 0 0 rg BT 345.21 592.70 Td (controls ) Tj ET Q q 0 0 0 rg BT 374.37 592.70 Td (or ) Tj ET Q q 0 0 0 rg BT 383.17 592.70 Td (control ) Tj ET Q q 0 0 0 rg BT 408.43 592.70 Td (systems, ) Tj ET Q q 0 0 0 rg BT 441.05 592.70 Td (no ) Tj ET Q q 0 0 0 rg BT 451.60 592.70 Td (matter ) Tj ET Q q 0 0 0 rg BT 475.56 592.70 Td (how ) Tj ET Q q 0 0 0 rg BT 491.72 592.70 Td (well ) Tj ET Q q 0 0 0 rg BT 507.02 592.70 Td (designed ) Tj ET Q q 0 0 0 rg BT 540.52 592.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 581.30 Td (operated, ) Tj ET Q q 0 0 0 rg BT 84.98 581.30 Td (can ) Tj ET Q q 0 0 0 rg BT 100.10 581.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 128.21 581.30 Td (only ) Tj ET Q q 0 0 0 rg BT 145.06 581.30 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 188.33 581.30 Td (and ) Tj ET Q q 0 0 0 rg BT 203.89 581.30 Td (not ) Tj ET Q q 0 0 0 rg BT 217.28 581.30 Td (absolute, ) Tj ET Q q 0 0 0 rg BT 251.46 581.30 Td (assurance ) Tj ET Q q 0 0 0 rg BT 289.96 581.30 Td (that ) Tj ET Q q 0 0 0 rg BT 305.52 581.30 Td (the ) Tj ET Q q 0 0 0 rg BT 318.91 581.30 Td (objectives ) Tj ET Q q 0 0 0 rg BT 356.11 581.30 Td (of ) Tj ET Q q 0 0 0 rg BT 365.17 581.30 Td (the ) Tj ET Q q 0 0 0 rg BT 378.56 581.30 Td (control ) Tj ET Q q 0 0 0 rg BT 404.50 581.30 Td (system ) Tj ET Q q 0 0 0 rg BT 431.74 581.30 Td (are ) Tj ET Q q 0 0 0 rg BT 445.55 581.30 Td (met. ) Tj ET Q q 0 0 0 rg BT 462.76 581.30 Td (As ) Tj ET Q q 0 0 0 rg BT 474.41 581.30 Td (a ) Tj ET Q q 0 0 0 rg BT 481.30 581.30 Td (result ) Tj ET Q q 0 0 0 rg BT 502.91 581.30 Td (of ) Tj ET Q q 0 0 0 rg BT 511.97 581.30 Td (the ) Tj ET Q q 0 0 0 rg BT 525.36 581.30 Td (inherent ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 569.90 Td (limitations ) Tj ET Q q 0 0 0 rg BT 86.11 569.90 Td (in ) Tj ET Q q 0 0 0 rg BT 94.14 569.90 Td (all ) Tj ET Q q 0 0 0 rg BT 103.90 569.90 Td (control ) Tj ET Q q 0 0 0 rg BT 129.26 569.90 Td (systems, ) Tj ET Q q 0 0 0 rg BT 161.97 569.90 Td (no ) Tj ET Q q 0 0 0 rg BT 172.60 569.90 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 210.09 569.90 Td (of ) Tj ET Q q 0 0 0 rg BT 218.56 569.90 Td (controls ) Tj ET Q q 0 0 0 rg BT 247.81 569.90 Td (can ) Tj ET Q q 0 0 0 rg BT 262.34 569.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 289.86 569.90 Td (absolute ) Tj ET Q q 0 0 0 rg BT 321.29 569.90 Td (assurance ) Tj ET Q q 0 0 0 rg BT 359.20 569.90 Td (that ) Tj ET Q q 0 0 0 rg BT 374.17 569.90 Td (all ) Tj ET Q q 0 0 0 rg BT 383.94 569.90 Td (control ) Tj ET Q q 0 0 0 rg BT 409.29 569.90 Td (issues, ) Tj ET Q q 0 0 0 rg BT 435.51 569.90 Td (including ) Tj ET Q q 0 0 0 rg BT 468.23 569.90 Td (instances ) Tj ET Q q 0 0 0 rg BT 503.12 569.90 Td (of ) Tj ET Q q 0 0 0 rg BT 511.59 569.90 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 533.48 569.90 Td (if ) Tj ET Q q 0 0 0 rg BT 539.35 569.90 Td (any) Tj ET Q q 0 0 0 rg BT 551.34 569.90 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 558.50 Td (have ) Tj ET Q q 0 0 0 rg BT 69.64 558.50 Td (been ) Tj ET Q q 0 0 0 rg BT 90.22 558.50 Td (detected ) Tj ET Q q 0 0 0 rg BT 123.36 558.50 Td (or ) Tj ET Q q 0 0 0 rg BT 133.54 558.50 Td (prevented. ) Tj ET Q q 0 0 0 rg BT 173.40 558.50 Td (These ) Tj ET Q q 0 0 0 rg BT 198.30 558.50 Td (inherent ) Tj ET Q q 0 0 0 rg BT 229.70 558.50 Td (limitations ) Tj ET Q q 0 0 0 rg BT 267.59 558.50 Td (include, ) Tj ET Q q 0 0 0 rg BT 297.69 558.50 Td (without ) Tj ET Q q 0 0 0 rg BT 325.63 558.50 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 361.78 558.50 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 371.95 558.50 Td (the ) Tj ET Q q 0 0 0 rg BT 386.03 558.50 Td (possibility ) Tj ET Q q 0 0 0 rg BT 423.05 558.50 Td (that ) Tj ET Q q 0 0 0 rg BT 439.30 558.50 Td (Management) Tj ET Q q 0 0 0 rg BT 486.37 558.50 Td (s ) Tj ET Q q 0 0 0 rg BT 493.51 558.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 540.50 558.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 547.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 87.61 547.10 Td (may ) Tj ET Q q 0 0 0 rg BT 104.50 547.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 139.57 547.10 Td (prove ) Tj ET Q q 0 0 0 rg BT 161.23 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.89 547.10 Td (be ) Tj ET Q q 0 0 0 rg BT 180.72 547.10 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 212.76 547.10 Td (under ) Tj ET Q q 0 0 0 rg BT 234.85 547.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 262.13 547.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 299.38 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.55 547.10 Td (circumstances; ) Tj ET Q q 0 0 0 rg BT 368.67 547.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.77 547.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 388.58 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.58 547.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 426.69 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.36 547.10 Td (isolated ) Tj ET Q q 0 0 0 rg BT 464.38 547.10 Td (errors.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 529.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.98 529.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.32 529.70 Td (s ) Tj ET Q q 0 0 0 rg BT 90.28 529.70 Td (CEO ) Tj ET Q q 0 0 0 rg BT 109.22 529.70 Td (and ) Tj ET Q q 0 0 0 rg BT 124.27 529.70 Td (CFO ) Tj ET Q q 0 0 0 rg BT 142.77 529.70 Td (have ) Tj ET Q q 0 0 0 rg BT 161.73 529.70 Td (evaluated, ) Tj ET Q q 0 0 0 rg BT 199.74 529.70 Td (or ) Tj ET Q q 0 0 0 rg BT 208.73 529.70 Td (caused ) Tj ET Q q 0 0 0 rg BT 235.91 529.70 Td (the ) Tj ET Q q 0 0 0 rg BT 248.80 529.70 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 286.38 529.70 Td (of, ) Tj ET Q q 0 0 0 rg BT 297.10 529.70 Td (under ) Tj ET Q q 0 0 0 rg BT 319.08 529.70 Td (their ) Tj ET Q q 0 0 0 rg BT 336.29 529.70 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 379.93 529.70 Td (the ) Tj ET Q q 0 0 0 rg BT 392.82 529.70 Td (ef) Tj ET Q q 0 0 0 rg BT 399.18 529.70 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 440.22 529.70 Td (of ) Tj ET Q q 0 0 0 rg BT 448.78 529.70 Td (the ) Tj ET Q q 0 0 0 rg BT 461.67 529.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 486.86 529.70 Td (DC&P) Tj ET Q q 0 0 0 rg BT 508.36 529.70 Td ( ) Tj ET Q q 0 0 0 rg BT 510.42 529.70 Td (and ) Tj ET Q q 0 0 0 rg BT 525.47 529.70 Td (its ) Tj ET Q q 0 0 0 rg BT 535.33 529.70 Td (ICFR ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 518.30 Td (as ) Tj ET Q q 0 0 0 rg BT 59.90 518.30 Td (at ) Tj ET Q q 0 0 0 rg BT 68.56 518.30 Td (December ) Tj ET Q q 0 0 0 rg BT 106.66 518.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 119.66 518.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 141.32 518.30 Td (and ) Tj ET Q q 0 0 0 rg BT 156.48 518.30 Td (have ) Tj ET Q q 0 0 0 rg BT 175.54 518.30 Td (concluded ) Tj ET Q q 0 0 0 rg BT 213.23 518.30 Td (that ) Tj ET Q q 0 0 0 rg BT 228.39 518.30 Td (such ) Tj ET Q q 0 0 0 rg BT 247.02 518.30 Td (DC&P) Tj ET Q q 0 0 0 rg BT 268.52 518.30 Td ( ) Tj ET Q q 0 0 0 rg BT 270.69 518.30 Td (and ) Tj ET Q q 0 0 0 rg BT 285.85 518.30 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 306.19 518.30 Td (were ) Tj ET Q q 0 0 0 rg BT 325.23 518.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 359.89 518.30 Td (ef) Tj ET Q q 0 0 0 rg BT 366.25 518.30 Td (fectively) Tj ET Q q 0 0 0 rg BT 393.83 518.30 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 500.90 Td (Additionally) Tj ET Q q 0 0 0 rg BT 88.77 500.90 Td (, ) Tj ET Q q 0 0 0 rg BT 92.91 500.90 Td (controls ) Tj ET Q q 0 0 0 rg BT 122.16 500.90 Td (may ) Tj ET Q q 0 0 0 rg BT 138.84 500.90 Td (be ) Tj ET Q q 0 0 0 rg BT 149.47 500.90 Td (circumvented ) Tj ET Q q 0 0 0 rg BT 197.77 500.90 Td (by ) Tj ET Q q 0 0 0 rg BT 207.97 500.90 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 254.99 500.90 Td (acts ) Tj ET Q q 0 0 0 rg BT 271.25 500.90 Td (of ) Tj ET Q q 0 0 0 rg BT 279.71 500.90 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 320.22 500.90 Td (by ) Tj ET Q q 0 0 0 rg BT 330.42 500.90 Td (collusion ) Tj ET Q q 0 0 0 rg BT 362.70 500.90 Td (of ) Tj ET Q q 0 0 0 rg BT 371.17 500.90 Td (two ) Tj ET Q q 0 0 0 rg BT 385.26 500.90 Td (or ) Tj ET Q q 0 0 0 rg BT 394.15 500.90 Td (more ) Tj ET Q q 0 0 0 rg BT 413.87 500.90 Td (people, ) Tj ET Q q 0 0 0 rg BT 441.40 500.90 Td (or ) Tj ET Q q 0 0 0 rg BT 450.29 500.90 Td (by ) Tj ET Q q 0 0 0 rg BT 460.49 500.90 Td (management ) Tj ET Q q 0 0 0 rg BT 507.93 500.90 Td (override. ) Tj ET Q q 0 0 0 rg BT 540.08 500.90 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 489.50 Td (design ) Tj ET Q q 0 0 0 rg BT 74.87 489.50 Td (of ) Tj ET Q q 0 0 0 rg BT 83.78 489.50 Td (any ) Tj ET Q q 0 0 0 rg BT 98.75 489.50 Td (control ) Tj ET Q q 0 0 0 rg BT 124.55 489.50 Td (system ) Tj ET Q q 0 0 0 rg BT 151.64 489.50 Td (is ) Tj ET Q q 0 0 0 rg BT 159.68 489.50 Td (also ) Tj ET Q q 0 0 0 rg BT 176.38 489.50 Td (based ) Tj ET Q q 0 0 0 rg BT 200.02 489.50 Td (in ) Tj ET Q q 0 0 0 rg BT 208.50 489.50 Td (part ) Tj ET Q q 0 0 0 rg BT 224.33 489.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 244.08 489.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 269.87 489.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 316.02 489.50 Td (about ) Tj ET Q q 0 0 0 rg BT 337.93 489.50 Td (the ) Tj ET Q q 0 0 0 rg BT 351.18 489.50 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 386.07 489.50 Td (of ) Tj ET Q q 0 0 0 rg BT 394.98 489.50 Td (future ) Tj ET Q q 0 0 0 rg BT 417.32 489.50 Td (events, ) Tj ET Q q 0 0 0 rg BT 444.85 489.50 Td (and ) Tj ET Q q 0 0 0 rg BT 460.26 489.50 Td (there ) Tj ET Q q 0 0 0 rg BT 480.43 489.50 Td (can ) Tj ET Q q 0 0 0 rg BT 495.40 489.50 Td (be ) Tj ET Q q 0 0 0 rg BT 506.48 489.50 Td (no ) Tj ET Q q 0 0 0 rg BT 517.56 489.50 Td (assurance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (that ) Tj ET Q q 0 0 0 rg BT 64.03 478.10 Td (any ) Tj ET Q q 0 0 0 rg BT 78.13 478.10 Td (design ) Tj ET Q q 0 0 0 rg BT 102.63 478.10 Td (will ) Tj ET Q q 0 0 0 rg BT 114.97 478.10 Td (succeed ) Tj ET Q q 0 0 0 rg BT 145.53 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.13 478.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 187.58 478.10 Td (its ) Tj ET Q q 0 0 0 rg BT 196.91 478.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 219.67 478.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 239.84 478.10 Td (under ) Tj ET Q q 0 0 0 rg BT 261.29 478.10 Td (all ) Tj ET Q q 0 0 0 rg BT 270.62 478.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 301.62 478.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 340.40 478.10 Td (Projections ) Tj ET Q q 0 0 0 rg BT 380.48 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.51 478.10 Td (any ) Tj ET Q q 0 0 0 rg BT 402.61 478.10 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 443.56 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.60 478.10 Td (ef) Tj ET Q q 0 0 0 rg BT 457.96 478.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 498.48 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.51 478.10 Td (future ) Tj ET Q q 0 0 0 rg BT 527.97 478.10 Td (periods ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 466.70 Td (are ) Tj ET Q q 0 0 0 rg BT 62.85 466.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 89.62 466.70 Td (to ) Tj ET Q q 0 0 0 rg BT 98.21 466.70 Td (the ) Tj ET Q q 0 0 0 rg BT 111.13 466.70 Td (risk ) Tj ET Q q 0 0 0 rg BT 125.33 466.70 Td (that ) Tj ET Q q 0 0 0 rg BT 140.42 466.70 Td (controls ) Tj ET Q q 0 0 0 rg BT 169.79 466.70 Td (may ) Tj ET Q q 0 0 0 rg BT 186.60 466.70 Td (become ) Tj ET Q q 0 0 0 rg BT 216.40 466.70 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 257.05 466.70 Td (because ) Tj ET Q q 0 0 0 rg BT 288.59 466.70 Td (of ) Tj ET Q q 0 0 0 rg BT 297.18 466.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 328.72 466.70 Td (in ) Tj ET Q q 0 0 0 rg BT 336.87 466.70 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 376.21 466.70 Td (or ) Tj ET Q q 0 0 0 rg BT 385.23 466.70 Td (that ) Tj ET Q q 0 0 0 rg BT 400.31 466.70 Td (the ) Tj ET Q q 0 0 0 rg BT 413.23 466.70 Td (degree ) Tj ET Q q 0 0 0 rg BT 439.58 466.70 Td (of ) Tj ET Q q 0 0 0 rg BT 448.16 466.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 489.66 466.70 Td (with ) Tj ET Q q 0 0 0 rg BT 505.60 466.70 Td (the ) Tj ET Q q 0 0 0 rg BT 518.52 466.70 Td (policies ) Tj ET Q q 0 0 0 rg BT 546.59 466.70 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 455.30 Td (procedures ) Tj ET Q q 0 0 0 rg BT 90.64 455.30 Td (may ) Tj ET Q q 0 0 0 rg BT 107.53 455.30 Td (deteriorate. ) Tj ET Q q 0 0 0 rg BT 149.10 455.30 Td ( ) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.25 31.95 Td (Page 39) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 740.30 Td (P) Tj ET Q q 0 0 0 rg BT 55.34 740.30 Td (ART ) Tj ET Q q 0 0 0 rg BT 78.29 740.30 Td (VI ) Tj ET Q q 0 0 0 rg BT 90.33 740.30 Td (- ) Tj ET Q q 0 0 0 rg BT 96.34 740.30 Td (PROPERTY) Tj ET Q q 0 0 0 rg BT 150.29 740.30 Td ( ) Tj ET Q q 0 0 0 rg BT 153.03 740.30 Td (T) Tj ET Q q 0 0 0 rg BT 158.32 740.30 Td (ABLE ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 722.90 Td (A) Tj ET Q q 0 0 0 rg BT 54.27 722.90 Td ( summary of details of the REIT) Tj ET Q q 0 0 0 rg BT 164.99 722.90 Td (s property portfolio as at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.74 722.90 Td (December31, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 319.17 722.90 Td ( is set out in the table below) Tj ET Q q 0 0 0 rg BT 414.90 722.90 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 712.4 m 79 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 680.4 m 79 680.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 79 712.4 m 210 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 680.4 m 210 680.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 712.4 m 333 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 680.4 m 333 680.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 712.4 m 407 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333 680.4 m 407 680.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 712.4 m 457 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407 680.4 m 457 680.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 712.4 m 506 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 457 680.4 m 506 680.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 712.4 m 554 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 680.4 m 554 680.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 235.39999999999998 m 79 235.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 235.39999999999998 m 210 235.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 235.39999999999998 m 333 235.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333 235.39999999999998 m 407 235.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407 235.39999999999998 m 457 235.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 457 235.39999999999998 m 506 235.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 235.39999999999998 m 554 235.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 187.39999999999998 m 79 187.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 187.39999999999998 m 210 187.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 187.39999999999998 m 333 187.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333 187.39999999999998 m 407 187.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407 187.39999999999998 m 457 187.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 457 187.39999999999998 m 506 187.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 187.39999999999998 m 554 187.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 133.39999999999998 m 79 133.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 133.39999999999998 m 210 133.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 133.39999999999998 m 333 133.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333 133.39999999999998 m 407 133.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407 133.39999999999998 m 457 133.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 457 133.39999999999998 m 506 133.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 133.39999999999998 m 554 133.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 120.39999999999998 m 79 120.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 107.39999999999998 m 79 107.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 120.39999999999998 m 210 120.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 107.39999999999998 m 210 107.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 120.39999999999998 m 333 120.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 210 107.39999999999998 m 333 107.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333 120.39999999999998 m 407 120.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 333 107.39999999999998 m 407 107.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407 120.39999999999998 m 457 120.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407 107.39999999999998 m 457 107.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 457 120.39999999999998 m 506 120.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 457 107.39999999999998 m 506 107.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 120.39999999999998 m 554 120.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 107.39999999999998 m 554 107.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 94.39999999999998 m 79 94.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 79 94.39999999999998 m 210 94.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 94.39999999999998 m 333 94.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 94.39999999999998 m 407 94.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 94.39999999999998 m 457 94.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 94.39999999999998 m 506 94.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 94.39999999999998 m 554 94.39999999999998 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.95 693.80 Td (Asset) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.15 684.80 Td (Class) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 113.15 684.80 Td (Property ) Tj ET Q q 0 0 0 rg BT 145.41 684.80 Td (Address) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 244.75 684.80 Td (Property Name) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.15 684.80 Td (City) Tj ET Q q 0 0 0 rg BT 358.82 684.80 Td (, Province) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.40 702.80 Td (Y) Tj ET Q q 0 0 0 rg BT 416.92 702.80 Td (ear Built /) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.55 693.80 Td (Renovated /) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.85 684.80 Td (Expanded) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.30 693.80 Td (Square feet) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 478.15 684.80 Td (of GLA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.70 684.80 Td (Occupancy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 670.98 Td (Office - Income Producing) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 657.98 Td (1870 ) Tj ET Q q 0 0 0 rg BT 100.57 657.98 Td (Albert Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 234.80 657.98 Td (Saskatchewan Place) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 349.75 657.98 Td (Regina, SK) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 658.35 Td (1985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 658.35 Td (84,243) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 658.35 Td (70.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 658.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 645.98 Td (280 Broadway ) Tj ET Q q 0 0 0 rg BT 133.04 645.98 Td (A) Tj ET Q q 0 0 0 rg BT 138.10 645.98 Td (venue) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 159.33 648.41 Td ( \(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.25 645.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 646.35 Td (1957) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 646.35 Td (1) Tj ET Q q 0 0 0 rg BT 479.90 646.35 Td (12,642) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 646.35 Td (87.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 646.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 633.98 Td (1) Tj ET Q q 0 0 0 rg BT 85.26 633.98 Td (14 Garry Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.25 633.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 634.35 Td (1950 / 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 634.35 Td (74,248) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 634.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 634.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 621.98 Td (895 W) Tj ET Q q 0 0 0 rg BT 103.73 621.98 Td (averley Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.25 621.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 622.35 Td (1991) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 622.35 Td (34,364) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 622.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 622.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 609.98 Td (1000 W) Tj ET Q q 0 0 0 rg BT 108.07 609.98 Td (averley Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.25 609.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 610.35 Td (1966 / 1998) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 610.35 Td (58,668) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 610.35 Td (91.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 610.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 597.98 Td (1450 W) Tj ET Q q 0 0 0 rg BT 108.07 597.98 Td (averley Street) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.25 598.35 Td (MTS Data Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.25 597.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 598.35 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 598.35 Td (64,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 598.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 598.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 585.98 Td (421) Tj ET Q q 0 0 0 rg BT 93.93 585.98 Td (1 ) Tj ET Q q 0 0 0 rg BT 100.29 585.98 Td (Y) Tj ET Q q 0 0 0 rg BT 104.77 585.98 Td (onge Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.45 585.98 Td (T) Tj ET Q q 0 0 0 rg BT 352.35 585.98 Td (oronto, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 586.35 Td (1982) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 586.35 Td (170,972) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 586.35 Td (98.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 586.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 573.98 Td (1) Tj ET Q q 0 0 0 rg BT 85.26 573.98 Td (189 Colonel Sam Drive) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 347.20 573.98 Td (Oshawa, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 574.35 Td (2001) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 574.35 Td (103,179) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 574.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 574.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 561.98 Td (2655 2695 North Sheridan W) Tj ET Q q 0 0 0 rg BT 188.62 561.98 Td (ay) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 229.20 561.98 Td (The Sheridan Exchange) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.05 561.98 Td (Mississauga, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 562.35 Td (1987 / 1989) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 562.35 Td (159,752) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 562.35 Td (71.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 562.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 549.98 Td (7030, 7050, 7100 W) Tj ET Q q 0 0 0 rg BT 151.54 549.98 Td (oodbine ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 540.48 Td (A) Tj ET Q q 0 0 0 rg BT 86.56 540.48 Td (venue & 55, 85 Idema Road) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 237.05 540.93 Td (W) Tj ET Q q 0 0 0 rg BT 244.27 540.93 Td (oodbine Complex ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.25 540.93 Td (Markham, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.25 540.80 Td (1984 / 201) Tj ET Q q 0 0 0 rg BT 446.87 540.80 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 540.80 Td (359,833) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 540.80 Td (93.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 540.80 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 526.98 Td (135 Queens Plate ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.45 526.98 Td (T) Tj ET Q q 0 0 0 rg BT 352.35 526.98 Td (oronto, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 527.35 Td (1989 / 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 527.35 Td (93,581) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 527.35 Td (86.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 527.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 514.98 Td (1 Eva Road ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.45 514.98 Td (T) Tj ET Q q 0 0 0 rg BT 352.35 514.98 Td (oronto, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.25 515.35 Td (1978 / 201) Tj ET Q q 0 0 0 rg BT 446.87 515.35 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 515.35 Td (91,068) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 515.35 Td (72.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 515.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 502.98 Td (2400 2430 Meadowpine ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.05 502.98 Td (Mississauga, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 503.35 Td (1990) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 503.35 Td (59,095) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 503.35 Td (76.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 503.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 490.98 Td (5395 5409 Eglinton ) Tj ET Q q 0 0 0 rg BT 156.88 490.98 Td (A) Tj ET Q q 0 0 0 rg BT 161.95 490.98 Td (venue W) Tj ET Q q 0 0 0 rg BT 192.56 490.98 Td (est) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.60 490.98 Td (Centennial Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.45 490.98 Td (T) Tj ET Q q 0 0 0 rg BT 352.35 490.98 Td (oronto, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 491.35 Td (1985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 491.35 Td (235,299) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 491.35 Td (78.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 491.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 478.98 Td (2251 Speakman Drive) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.05 478.98 Td (Mississauga, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 479.35 Td (1965 / 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 479.35 Td (1) Tj ET Q q 0 0 0 rg BT 479.90 479.35 Td (15,582) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 479.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 479.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 466.98 Td (2285 Speakman Drive) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.05 466.98 Td (Mississauga, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 467.35 Td (1981 / 2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 467.35 Td (126,270) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 467.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 467.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 454.98 Td (3000 - 3100 Steeles ) Tj ET Q q 0 0 0 rg BT 152.98 454.98 Td (A) Tj ET Q q 0 0 0 rg BT 158.04 454.98 Td (venue East) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.15 454.98 Td (Gateway Complex) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.25 454.98 Td (Markham, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 455.35 Td (1982 / 1987) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 455.35 Td (235,673) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 455.35 Td (92.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 455.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 442.98 Td (644 Main Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.15 442.98 Td (Blue Cross Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 346.95 442.98 Td (Moncton, NB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 443.35 Td (1988 / 2006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 443.35 Td (320,818) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 443.35 Td (97.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 443.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 430.98 Td (39 King Street ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 133.04 433.41 Td (\(2\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.60 430.98 Td (Brunswick Square) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 343.50 430.98 Td (Saint John, NB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 431.35 Td (1976) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 431.35 Td (507,804) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 431.35 Td (77.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 431.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 418.98 Td (440 King Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 249.65 418.98 Td (King's Place) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.20 418.98 Td (Fredericton, NB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 419.35 Td (1974 / 2001) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 419.35 Td (292,022) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 419.35 Td (86.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 419.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 406.98 Td (1505 Barrington Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.25 406.98 Td (Maritime Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.00 406.98 Td (Halifax, NS) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 407.35 Td (1977 / 1985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 407.35 Td (547,014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 407.35 Td (75.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 407.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 394.98 Td (100 New Gower Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 249.75 394.98 Td (Cabot Place) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.50 394.98 Td (St. John's, NL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 395.35 Td (1987) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 395.35 Td (134,632) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 395.35 Td (97.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 395.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 381.98 Td (10 Factory Lane) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 241.30 381.98 Td (Johnson Building) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.50 381.98 Td (St. John's, NL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 382.35 Td (1980) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 382.35 Td (188,170) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 382.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 382.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 369.98 Td (5 Springdale Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.40 369.98 Td (Fortis Place) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.50 369.98 Td (St. John's, NL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 370.35 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 370.35 Td (142,771) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 370.35 Td (70.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 370.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 357.98 Td (4 Herald ) Tj ET Q q 0 0 0 rg BT 112.68 357.98 Td (A) Tj ET Q q 0 0 0 rg BT 117.74 357.98 Td (venue) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 249.85 357.98 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 271.36 357.98 Td (T) Tj ET Q q 0 0 0 rg BT 275.26 357.98 Td (ower) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.30 357.98 Td (Corner Brook, NL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 358.35 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 358.35 Td (67,203) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 358.35 Td (86.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 358.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 345.98 Td (140 W) Tj ET Q q 0 0 0 rg BT 103.73 345.98 Td (ater Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 254.95 345.98 Td (TD Place) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.50 345.98 Td (St. John's, NL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.00 346.35 Td (1980 / 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 346.35 Td (97,433) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 346.35 Td (90.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 346.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 333.98 Td (365 Hargrave Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.25 333.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.50 334.35 Td (1922/2003) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.40 334.35 Td (71,472) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 334.35 Td (90.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 334.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 321.98 Td (401-405 ) Tj ET Q q 0 0 0 rg BT 112.12 321.98 Td (The W) Tj ET Q q 0 0 0 rg BT 134.93 321.98 Td (est Mall) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 242.05 321.98 Td (Commerce W) Tj ET Q q 0 0 0 rg BT 289.52 321.98 Td (est) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.45 321.98 Td (T) Tj ET Q q 0 0 0 rg BT 352.35 321.98 Td (oronto, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.50 322.35 Td (1982 / 2009) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.30 322.35 Td (41) Tj ET Q q 0 0 0 rg BT 484.51 322.35 Td (1,842) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 322.35 Td (84.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 322.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 309.98 Td (185-195 ) Tj ET Q q 0 0 0 rg BT 112.12 309.98 Td (The W) Tj ET Q q 0 0 0 rg BT 134.93 309.98 Td (est Mall) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 219.95 309.98 Td (W) Tj ET Q q 0 0 0 rg BT 227.17 309.98 Td (est Metro Corporate Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.45 309.98 Td (T) Tj ET Q q 0 0 0 rg BT 352.35 309.98 Td (oronto, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 409.50 310.35 Td (1986 / 2006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.30 310.35 Td (616,364) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 310.35 Td (88.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 310.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 297.98 Td (250 King Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.20 297.98 Td (Fredericton, NB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.25 298.35 Td (2000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.40 298.35 Td (80,162) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 298.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 298.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 285.98 Td (460 ) Tj ET Q q 0 0 0 rg BT 96.53 285.98 Td (T) Tj ET Q q 0 0 0 rg BT 100.86 285.98 Td (wo Nations Crossing) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 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