%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream /GS0 gs q 163.00 0 0 102.00 390.50 634.75 cm /I1 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 14.00 Tf ET q 0 0 0 rg BT 509.40 617.95 Td (Q3 2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 502.90 605.95 Td (TSX: SOT) Tj ET Q q 0 0 0 rg BT 539.36 605.95 Td (.UN) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 49.50 555.55 Td (DEAR FELLOW UNITHOLDERS) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 218.55 520.75 Td (Complexity creates confusion, simplicity focus.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 497.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 497.95 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 497.95 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 497.95 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 497.95 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 497.95 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 497.95 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 497.95 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 497.95 Td ( ) Tj ET Q q 0 0 0 rg BT 373.50 497.95 Td (-Edward de Bono ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 157.50 486.55 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 486.55 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 486.55 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 486.55 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 486.55 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 475.15 Td (It ) Tj ET Q q 0 0 0 rg BT 55.63 475.15 Td (was ) Tj ET Q q 0 0 0 rg BT 71.27 475.15 Td (business ) Tj ET Q q 0 0 0 rg BT 103.81 475.15 Td (as ) Tj ET Q q 0 0 0 rg BT 113.83 475.15 Td (usual ) Tj ET Q q 0 0 0 rg BT 134.25 475.15 Td (for ) Tj ET Q q 0 0 0 rg BT 145.13 475.15 Td (Slate ) Tj ET Q q 0 0 0 rg BT 164.68 475.15 Td (Of) Tj ET Q q 0 0 0 rg BT 172.78 475.15 Td (fice ) Tj ET Q q 0 0 0 rg BT 186.69 475.15 Td (REIT) Tj ET Q q 0 0 0 rg BT 204.30 475.15 Td ( ) Tj ET Q q 0 0 0 rg BT 206.09 475.15 Td (in ) Tj ET Q q 0 0 0 rg BT 213.95 475.15 Td (the ) Tj ET Q q 0 0 0 rg BT 226.57 475.15 Td (third ) Tj ET Q q 0 0 0 rg BT 243.52 475.15 Td (quarter ) Tj ET Q q 0 0 0 rg BT 270.00 475.15 Td (of ) Tj ET Q q 0 0 0 rg BT 278.29 475.15 Td (2016. ) Tj ET Q q 0 0 0 rg BT 299.58 475.15 Td ( ) Tj ET Q q 0 0 0 rg BT 301.37 475.15 Td (W) Tj ET Q q 0 0 0 rg BT 308.58 475.15 Td (e ) Tj ET Q q 0 0 0 rg BT 314.71 475.15 Td (completed ) Tj ET Q q 0 0 0 rg BT 352.45 475.15 Td (a ) Tj ET Q q 0 0 0 rg BT 358.57 475.15 Td (number ) Tj ET Q q 0 0 0 rg BT 386.78 475.15 Td (of ) Tj ET Q q 0 0 0 rg BT 395.07 475.15 Td (transactions ) Tj ET Q q 0 0 0 rg BT 438.87 475.15 Td (across ) Tj ET Q q 0 0 0 rg BT 463.61 475.15 Td (all ) Tj ET Q q 0 0 0 rg BT 473.19 475.15 Td (aspects ) Tj ET Q q 0 0 0 rg BT 501.84 475.15 Td (of ) Tj ET Q q 0 0 0 rg BT 510.13 475.15 Td (the ) Tj ET Q q 0 0 0 rg BT 522.75 475.15 Td (business ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 463.75 Td (that ) Tj ET Q q 0 0 0 rg BT 64.41 463.75 Td (were ) Tj ET Q q 0 0 0 rg BT 83.20 463.75 Td (in ) Tj ET Q q 0 0 0 rg BT 91.18 463.75 Td (furtherance ) Tj ET Q q 0 0 0 rg BT 132.50 463.75 Td (of ) Tj ET Q q 0 0 0 rg BT 140.91 463.75 Td (refining ) Tj ET Q q 0 0 0 rg BT 168.38 463.75 Td (our ) Tj ET Q q 0 0 0 rg BT 181.55 463.75 Td (goal ) Tj ET Q q 0 0 0 rg BT 198.19 463.75 Td (of ) Tj ET Q q 0 0 0 rg BT 206.60 463.75 Td (becoming ) Tj ET Q q 0 0 0 rg BT 242.29 463.75 Td (a ) Tj ET Q q 0 0 0 rg BT 248.54 463.75 Td (dominant ) Tj ET Q q 0 0 0 rg BT 282.50 463.75 Td (owner ) Tj ET Q q 0 0 0 rg BT 305.63 463.75 Td (and ) Tj ET Q q 0 0 0 rg BT 320.54 463.75 Td (operator ) Tj ET Q q 0 0 0 rg BT 351.46 463.75 Td (of ) Tj ET Q q 0 0 0 rg BT 359.88 463.75 Td (non-trophy ) Tj ET Q q 0 0 0 rg BT 404.22 463.75 Td (of) Tj ET Q q 0 0 0 rg BT 410.58 463.75 Td (fice ) Tj ET Q q 0 0 0 rg BT 424.62 463.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.06 463.75 Td (across ) Tj ET Q q 0 0 0 rg BT 473.92 463.75 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 505.28 463.75 Td (With ) Tj ET Q q 0 0 0 rg BT 522.77 463.75 Td (relatively ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 452.35 Td (high ) Tj ET Q q 0 0 0 rg BT 66.70 452.35 Td (volatility ) Tj ET Q q 0 0 0 rg BT 96.89 452.35 Td (in ) Tj ET Q q 0 0 0 rg BT 105.42 452.35 Td (the ) Tj ET Q q 0 0 0 rg BT 118.72 452.35 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 154.54 452.35 Td (of) Tj ET Q q 0 0 0 rg BT 160.91 452.35 Td (fice ) Tj ET Q q 0 0 0 rg BT 175.51 452.35 Td (market ) Tj ET Q q 0 0 0 rg BT 201.79 452.35 Td (as ) Tj ET Q q 0 0 0 rg BT 212.49 452.35 Td (a ) Tj ET Q q 0 0 0 rg BT 219.30 452.35 Td (whole, ) Tj ET Q q 0 0 0 rg BT 244.28 452.35 Td (we ) Tj ET Q q 0 0 0 rg BT 256.71 452.35 Td (have ) Tj ET Q q 0 0 0 rg BT 276.08 452.35 Td (been ) Tj ET Q q 0 0 0 rg BT 295.88 452.35 Td (especially ) Tj ET Q q 0 0 0 rg BT 332.56 452.35 Td (prudent ) Tj ET Q q 0 0 0 rg BT 361.46 452.35 Td (on ) Tj ET Q q 0 0 0 rg BT 372.59 452.35 Td (the ) Tj ET Q q 0 0 0 rg BT 385.90 452.35 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 425.18 452.35 Td (front ) Tj ET Q q 0 0 0 rg BT 443.25 452.35 Td (while ) Tj ET Q q 0 0 0 rg BT 463.47 452.35 Td (continuing ) Tj ET Q q 0 0 0 rg BT 501.46 452.35 Td (to ) Tj ET Q q 0 0 0 rg BT 510.43 452.35 Td (focus ) Tj ET Q q 0 0 0 rg BT 531.53 452.35 Td (on ) Tj ET Q q 0 0 0 rg BT 542.66 452.35 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 440.95 Td (operation ) Tj ET Q q 0 0 0 rg BT 84.01 440.95 Td (and ) Tj ET Q q 0 0 0 rg BT 99.04 440.95 Td (leasing ) Tj ET Q q 0 0 0 rg BT 125.75 440.95 Td (of ) Tj ET Q q 0 0 0 rg BT 134.28 440.95 Td (our ) Tj ET Q q 0 0 0 rg BT 147.57 440.95 Td (existing ) Tj ET Q q 0 0 0 rg BT 176.01 440.95 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 207.80 440.95 Td (Through ) Tj ET Q q 0 0 0 rg BT 238.84 440.95 Td (proactive ) Tj ET Q q 0 0 0 rg BT 272.48 440.95 Td (management ) Tj ET Q q 0 0 0 rg BT 319.98 440.95 Td (and ) Tj ET Q q 0 0 0 rg BT 335.01 440.95 Td (a ) Tj ET Q q 0 0 0 rg BT 341.37 440.95 Td (focus ) Tj ET Q q 0 0 0 rg BT 362.02 440.95 Td (on ) Tj ET Q q 0 0 0 rg BT 372.71 440.95 Td (both ) Tj ET Q q 0 0 0 rg BT 389.91 440.95 Td (external ) Tj ET Q q 0 0 0 rg BT 419.65 440.95 Td (and ) Tj ET Q q 0 0 0 rg BT 434.68 440.95 Td (organic ) Tj ET Q q 0 0 0 rg BT 462.25 440.95 Td (growth, ) Tj ET Q q 0 0 0 rg BT 489.83 440.95 Td (we ) Tj ET Q q 0 0 0 rg BT 501.81 440.95 Td (believe ) Tj ET Q q 0 0 0 rg BT 528.53 440.95 Td (that ) Tj ET Q q 0 0 0 rg BT 543.55 440.95 Td (we ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 429.55 Td (are ) Tj ET Q q 0 0 0 rg BT 63.13 429.55 Td (providing ) Tj ET Q q 0 0 0 rg BT 97.12 429.55 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 137.61 429.55 Td (with ) Tj ET Q q 0 0 0 rg BT 153.84 429.55 Td (an ) Tj ET Q q 0 0 0 rg BT 164.88 429.55 Td (investment ) Tj ET Q q 0 0 0 rg BT 204.93 429.55 Td (that ) Tj ET Q q 0 0 0 rg BT 220.30 429.55 Td (of) Tj ET Q q 0 0 0 rg BT 226.66 429.55 Td (fers ) Tj ET Q q 0 0 0 rg BT 242.03 429.55 Td (strong, ) Tj ET Q q 0 0 0 rg BT 268.22 429.55 Td (stable ) Tj ET Q q 0 0 0 rg BT 291.39 429.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 310.22 429.55 Td (flows ) Tj ET Q q 0 0 0 rg BT 330.35 429.55 Td (along ) Tj ET Q q 0 0 0 rg BT 351.78 429.55 Td (with ) Tj ET Q q 0 0 0 rg BT 368.01 429.55 Td (future ) Tj ET Q q 0 0 0 rg BT 390.31 429.55 Td (upside. ) Tj ET Q q 0 0 0 rg BT 417.80 429.55 Td (I ) Tj ET Q q 0 0 0 rg BT 422.35 429.55 Td (would ) Tj ET Q q 0 0 0 rg BT 445.07 429.55 Td (like ) Tj ET Q q 0 0 0 rg BT 459.14 429.55 Td (to ) Tj ET Q q 0 0 0 rg BT 468.01 429.55 Td (share ) Tj ET Q q 0 0 0 rg BT 489.87 429.55 Td (some ) Tj ET Q q 0 0 0 rg BT 511.30 429.55 Td (examples ) Tj ET Q q 0 0 0 rg BT 547.02 429.55 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 418.15 Td (what ) Tj ET Q q 0 0 0 rg BT 68.12 418.15 Td (the ) Tj ET Q q 0 0 0 rg BT 81.12 418.15 Td (team ) Tj ET Q q 0 0 0 rg BT 100.61 418.15 Td (has ) Tj ET Q q 0 0 0 rg BT 115.33 418.15 Td (accomplished ) Tj ET Q q 0 0 0 rg BT 165.14 418.15 Td (over ) Tj ET Q q 0 0 0 rg BT 182.46 418.15 Td (the ) Tj ET Q q 0 0 0 rg BT 195.46 418.15 Td (past ) Tj ET Q q 0 0 0 rg BT 212.35 418.15 Td (quarter) Tj ET Q q 0 0 0 rg BT 236.61 418.15 Td (. ) Tj ET Q q 0 0 0 rg BT 240.94 418.15 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 395.35 Td (Acquisitions) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 383.95 Td (With ) Tj ET Q q 0 0 0 rg BT 67.18 383.95 Td (respect ) Tj ET Q q 0 0 0 rg BT 94.83 383.95 Td (to ) Tj ET Q q 0 0 0 rg BT 103.43 383.95 Td (external ) Tj ET Q q 0 0 0 rg BT 133.24 383.95 Td (growth, ) Tj ET Q q 0 0 0 rg BT 160.89 383.95 Td (the ) Tj ET Q q 0 0 0 rg BT 173.82 383.95 Td (REIT) Tj ET Q q 0 0 0 rg BT 191.43 383.95 Td ( ) Tj ET Q q 0 0 0 rg BT 193.52 383.95 Td (completed ) Tj ET Q q 0 0 0 rg BT 231.57 383.95 Td (two ) Tj ET Q q 0 0 0 rg BT 245.79 383.95 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 288.60 383.95 Td (in ) Tj ET Q q 0 0 0 rg BT 296.76 383.95 Td (the ) Tj ET Q q 0 0 0 rg BT 309.69 383.95 Td (third ) Tj ET Q q 0 0 0 rg BT 326.94 383.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 353.73 383.95 Td (of ) Tj ET Q q 0 0 0 rg BT 362.32 383.95 Td (2016. ) Tj ET Q q 0 0 0 rg BT 383.92 383.95 Td ( ) Tj ET Q q 0 0 0 rg BT 386.02 383.95 Td (In ) Tj ET Q q 0 0 0 rg BT 394.61 383.95 Td (both ) Tj ET Q q 0 0 0 rg BT 411.88 383.95 Td (cases ) Tj ET Q q 0 0 0 rg BT 434.33 383.95 Td (we ) Tj ET Q q 0 0 0 rg BT 446.38 383.95 Td (were ) Tj ET Q q 0 0 0 rg BT 465.36 383.95 Td (able ) Tj ET Q q 0 0 0 rg BT 482.19 383.95 Td (to ) Tj ET Q q 0 0 0 rg BT 490.79 383.95 Td (lever ) Tj ET Q q 0 0 0 rg BT 509.77 383.95 Td (relationships ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 372.55 Td (with ) Tj ET Q q 0 0 0 rg BT 65.90 372.55 Td (our ) Tj ET Q q 0 0 0 rg BT 79.71 372.55 Td (partners ) Tj ET Q q 0 0 0 rg BT 110.84 372.55 Td (in ) Tj ET Q q 0 0 0 rg BT 119.45 372.55 Td (order ) Tj ET Q q 0 0 0 rg BT 140.19 372.55 Td (to ) Tj ET Q q 0 0 0 rg BT 149.24 372.55 Td (grow ) Tj ET Q q 0 0 0 rg BT 168.67 372.55 Td (our ) Tj ET Q q 0 0 0 rg BT 182.48 372.55 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 212.74 372.55 Td (accretively) Tj ET Q q 0 0 0 rg BT 248.98 372.55 Td (. ) Tj ET Q q 0 0 0 rg BT 253.69 372.55 Td (First, ) Tj ET Q q 0 0 0 rg BT 273.56 372.55 Td (we ) Tj ET Q q 0 0 0 rg BT 286.06 372.55 Td (acquired ) Tj ET Q q 0 0 0 rg BT 318.50 372.55 Td (365 ) Tj ET Q q 0 0 0 rg BT 334.04 372.55 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 368.63 372.55 Td (Street, ) Tj ET Q q 0 0 0 rg BT 394.13 372.55 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.02 372.55 Td (71,472) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 424.84 372.55 Td ( ) Tj ET Q q 0 0 0 rg BT 427.39 372.55 Td (square ) Tj ET Q q 0 0 0 rg BT 453.76 372.55 Td (foot ) Tj ET Q q 0 0 0 rg BT 469.31 372.55 Td (of) Tj ET Q q 0 0 0 rg BT 475.68 372.55 Td (fice ) Tj ET Q q 0 0 0 rg BT 490.35 372.55 Td (building ) Tj ET Q q 0 0 0 rg BT 519.76 372.55 Td (located ) Tj ET Q q 0 0 0 rg BT 547.43 372.55 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 361.15 Td (downtown ) Tj ET Q q 0 0 0 rg BT 86.46 361.15 Td (Winnipeg, ) Tj ET Q q 0 0 0 rg BT 123.00 361.15 Td (Manitoba. ) Tj ET Q q 0 0 0 rg BT 159.11 361.15 Td ( ) Tj ET Q q 0 0 0 rg BT 160.88 361.15 Td (The ) Tj ET Q q 0 0 0 rg BT 176.20 361.15 Td (building ) Tj ET Q q 0 0 0 rg BT 204.94 361.15 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 212.46 361.15 Td (90.1%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 234.55 361.15 Td ( ) Tj ET Q q 0 0 0 rg BT 236.44 361.15 Td (leased ) Tj ET Q q 0 0 0 rg BT 261.29 361.15 Td (to ) Tj ET Q q 0 0 0 rg BT 269.68 361.15 Td (the ) Tj ET Q q 0 0 0 rg BT 282.40 361.15 Td (Government ) Tj ET Q q 0 0 0 rg BT 327.17 361.15 Td (of ) Tj ET Q q 0 0 0 rg BT 335.56 361.15 Td (Canada ) Tj ET Q q 0 0 0 rg BT 364.73 361.15 Td (with ) Tj ET Q q 0 0 0 rg BT 380.48 361.15 Td (a ) Tj ET Q q 0 0 0 rg BT 386.70 361.15 Td (remaining ) Tj ET Q q 0 0 0 rg BT 422.80 361.15 Td (lease ) Tj ET Q q 0 0 0 rg BT 443.32 361.15 Td (term ) Tj ET Q q 0 0 0 rg BT 460.79 361.15 Td (of ) Tj ET Q q 0 0 0 rg BT 469.18 361.15 Td (approximately ) Tj ET Q q 0 0 0 rg BT 519.57 361.15 Td (9.0 ) Tj ET Q q 0 0 0 rg BT 532.29 361.15 Td (years. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 349.75 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 349.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 104.07 349.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 135.68 349.75 Td (the ) Tj ET Q q 0 0 0 rg BT 148.68 349.75 Td (REIT) Tj ET Q q 0 0 0 rg BT 166.29 349.75 Td ( ) Tj ET Q q 0 0 0 rg BT 168.46 349.75 Td (with ) Tj ET Q q 0 0 0 rg BT 184.48 349.75 Td (a ) Tj ET Q q 0 0 0 rg BT 190.97 349.75 Td (stable ) Tj ET Q q 0 0 0 rg BT 213.93 349.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 249.00 349.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.63 349.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 283.64 349.75 Td (stream ) Tj ET Q q 0 0 0 rg BT 309.62 349.75 Td (as ) Tj ET Q q 0 0 0 rg BT 320.02 349.75 Td (well ) Tj ET Q q 0 0 0 rg BT 335.60 349.75 Td (as ) Tj ET Q q 0 0 0 rg BT 346.00 349.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 377.62 349.75 Td (upside ) Tj ET Q q 0 0 0 rg BT 402.74 349.75 Td (via ) Tj ET Q q 0 0 0 rg BT 414.87 349.75 Td (incremental ) Tj ET Q q 0 0 0 rg BT 457.30 349.75 Td (leasing. ) Tj ET Q q 0 0 0 rg BT 486.32 349.75 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 326.95 Td (Secondly) Tj ET Q q 0 0 0 rg BT 80.98 326.95 Td (, ) Tj ET Q q 0 0 0 rg BT 86.03 326.95 Td (the ) Tj ET Q q 0 0 0 rg BT 99.75 326.95 Td (REIT) Tj ET Q q 0 0 0 rg BT 117.36 326.95 Td ( ) Tj ET Q q 0 0 0 rg BT 120.25 326.95 Td (acquired ) Tj ET Q q 0 0 0 rg BT 153.02 326.95 Td (the ) Tj ET Q q 0 0 0 rg BT 166.74 326.95 Td (remaining ) Tj ET Q q 0 0 0 rg BT 203.84 326.95 Td (51% ) Tj ET Q q 0 0 0 rg BT 222.31 326.95 Td (of ) Tj ET Q q 0 0 0 rg BT 231.70 326.95 Td (St. ) Tj ET Q q 0 0 0 rg BT 244.12 326.95 Td (John) Tj ET Q q 0 0 0 rg BT 262.61 326.95 Td (s ) Tj ET Q q 0 0 0 rg BT 269.39 326.95 Td (Places, ) Tj ET Q q 0 0 0 rg BT 297.83 326.95 Td (three ) Tj ET Q q 0 0 0 rg BT 318.48 326.95 Td (well ) Tj ET Q q 0 0 0 rg BT 334.78 326.95 Td (situated ) Tj ET Q q 0 0 0 rg BT 364.96 326.95 Td (Class ) Tj ET Q q 0 0 0 rg BT 386.76 326.95 Td (A) Tj ET Q q 0 0 0 rg BT 391.52 326.95 Td ( ) Tj ET Q q 0 0 0 rg BT 394.41 326.95 Td (of) Tj ET Q q 0 0 0 rg BT 400.78 326.95 Td (fice ) Tj ET Q q 0 0 0 rg BT 415.79 326.95 Td (towers ) Tj ET Q q 0 0 0 rg BT 441.62 326.95 Td (located ) Tj ET Q q 0 0 0 rg BT 469.63 326.95 Td (in ) Tj ET Q q 0 0 0 rg BT 478.59 326.95 Td (downtown ) Tj ET Q q 0 0 0 rg BT 516.55 326.95 Td (St. ) Tj ET Q q 0 0 0 rg BT 528.96 326.95 Td (John) Tj ET Q q 0 0 0 rg BT 547.45 326.95 Td (s, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 315.55 Td (Newfoundland, ) Tj ET Q q 0 0 0 rg BT 104.52 315.55 Td (further ) Tj ET Q q 0 0 0 rg BT 130.10 315.55 Td (establishing ) Tj ET Q q 0 0 0 rg BT 174.30 315.55 Td (the ) Tj ET Q q 0 0 0 rg BT 188.19 315.55 Td (REIT) Tj ET Q q 0 0 0 rg BT 207.53 315.55 Td (s ) Tj ET Q q 0 0 0 rg BT 214.48 315.55 Td (position ) Tj ET Q q 0 0 0 rg BT 244.39 315.55 Td (as ) Tj ET Q q 0 0 0 rg BT 255.67 315.55 Td (a ) Tj ET Q q 0 0 0 rg BT 263.06 315.55 Td (dominant ) Tj ET Q q 0 0 0 rg BT 298.17 315.55 Td (of) Tj ET Q q 0 0 0 rg BT 304.53 315.55 Td (fice ) Tj ET Q q 0 0 0 rg BT 319.71 315.55 Td (landlord ) Tj ET Q q 0 0 0 rg BT 350.49 315.55 Td (in ) Tj ET Q q 0 0 0 rg BT 359.00 315.55 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 387.61 315.55 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 420.12 315.55 Td (Upon ) Tj ET Q q 0 0 0 rg BT 441.79 315.55 Td (completion ) Tj ET Q q 0 0 0 rg BT 482.53 315.55 Td (of ) Tj ET Q q 0 0 0 rg BT 492.08 315.55 Td (St. ) Tj ET Q q 0 0 0 rg BT 504.67 315.55 Td (John) Tj ET Q q 0 0 0 rg BT 523.16 315.55 Td (s ) Tj ET Q q 0 0 0 rg BT 530.11 315.55 Td (Places ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 304.15 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 90.65 304.15 Td (Slate ) Tj ET Q q 0 0 0 rg BT 110.57 304.15 Td (Of) Tj ET Q q 0 0 0 rg BT 118.67 304.15 Td (fice ) Tj ET Q q 0 0 0 rg BT 132.96 304.15 Td (REIT) Tj ET Q q 0 0 0 rg BT 150.57 304.15 Td ( ) Tj ET Q q 0 0 0 rg BT 152.73 304.15 Td (now ) Tj ET Q q 0 0 0 rg BT 169.19 304.15 Td (has ) Tj ET Q q 0 0 0 rg BT 183.91 304.15 Td (a ) Tj ET Q q 0 0 0 rg BT 190.41 304.15 Td (100% ) Tj ET Q q 0 0 0 rg BT 212.50 304.15 Td (interest ) Tj ET Q q 0 0 0 rg BT 240.22 304.15 Td (in ) Tj ET Q q 0 0 0 rg BT 248.45 304.15 Td (all ) Tj ET Q q 0 0 0 rg BT 258.41 304.15 Td (of ) Tj ET Q q 0 0 0 rg BT 267.08 304.15 Td (its ) Tj ET Q q 0 0 0 rg BT 276.61 304.15 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 304.33 304.15 Td (properties. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 281.35 Td (Both ) Tj ET Q q 0 0 0 rg BT 66.97 281.35 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 109.12 281.35 Td (were ) Tj ET Q q 0 0 0 rg BT 127.44 281.35 Td (accretive ) Tj ET Q q 0 0 0 rg BT 160.05 281.35 Td (and ) Tj ET Q q 0 0 0 rg BT 174.49 281.35 Td (consistent ) Tj ET Q q 0 0 0 rg BT 211.01 281.35 Td (with ) Tj ET Q q 0 0 0 rg BT 226.31 281.35 Td (our ) Tj ET Q q 0 0 0 rg BT 239.00 281.35 Td (strategy ) Tj ET Q q 0 0 0 rg BT 268.16 281.35 Td (of ) Tj ET Q q 0 0 0 rg BT 276.10 281.35 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 309.15 281.35 Td (well ) Tj ET Q q 0 0 0 rg BT 324.01 281.35 Td (located ) Tj ET Q q 0 0 0 rg BT 350.57 281.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 374.53 281.35 Td (with ) Tj ET Q q 0 0 0 rg BT 389.82 281.35 Td (high ) Tj ET Q q 0 0 0 rg BT 405.99 281.35 Td (quality ) Tj ET Q q 0 0 0 rg BT 429.95 281.35 Td (tenants ) Tj ET Q q 0 0 0 rg BT 456.95 281.35 Td (at ) Tj ET Q q 0 0 0 rg BT 464.89 281.35 Td (values ) Tj ET Q q 0 0 0 rg BT 488.85 281.35 Td (below ) Tj ET Q q 0 0 0 rg BT 510.64 281.35 Td (replacement ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 269.95 Td (cost. ) Tj ET Q q 0 0 0 rg BT 68.13 269.95 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 247.15 Td (In ) Tj ET Q q 0 0 0 rg BT 58.43 247.15 Td (order ) Tj ET Q q 0 0 0 rg BT 79.05 247.15 Td (to ) Tj ET Q q 0 0 0 rg BT 87.98 247.15 Td (finance ) Tj ET Q q 0 0 0 rg BT 115.54 247.15 Td (these ) Tj ET Q q 0 0 0 rg BT 137.04 247.15 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 182.35 247.15 Td (the ) Tj ET Q q 0 0 0 rg BT 195.61 247.15 Td (REIT) Tj ET Q q 0 0 0 rg BT 213.22 247.15 Td ( ) Tj ET Q q 0 0 0 rg BT 215.66 247.15 Td (completed ) Tj ET Q q 0 0 0 rg BT 254.04 247.15 Td (its ) Tj ET Q q 0 0 0 rg BT 264.26 247.15 Td (second ) Tj ET Q q 0 0 0 rg BT 291.82 247.15 Td (equity ) Tj ET Q q 0 0 0 rg BT 315.05 247.15 Td (of) Tj ET Q q 0 0 0 rg BT 321.41 247.15 Td (fering ) Tj ET Q q 0 0 0 rg BT 343.33 247.15 Td (of ) Tj ET Q q 0 0 0 rg BT 352.26 247.15 Td (2016, ) Tj ET Q q 0 0 0 rg BT 374.20 247.15 Td (a ) Tj ET Q q 0 0 0 rg BT 380.96 247.15 Td ($58.3 ) Tj ET Q q 0 0 0 rg BT 402.89 247.15 Td (million ) Tj ET Q q 0 0 0 rg BT 427.40 247.15 Td (bought ) Tj ET Q q 0 0 0 rg BT 453.67 247.15 Td (deal ) Tj ET Q q 0 0 0 rg BT 470.83 247.15 Td (financing ) Tj ET Q q 0 0 0 rg BT 504.45 247.15 Td (that ) Tj ET Q q 0 0 0 rg BT 519.88 247.15 Td (closed ) Tj ET Q q 0 0 0 rg BT 544.84 247.15 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 235.75 Td (September ) Tj ET Q q 0 0 0 rg BT 89.58 235.75 Td (7, ) Tj ET Q q 0 0 0 rg BT 98.05 235.75 Td (2016 ) Tj ET Q q 0 0 0 rg BT 117.35 235.75 Td (and ) Tj ET Q q 0 0 0 rg BT 132.32 235.75 Td (was ) Tj ET Q q 0 0 0 rg BT 148.14 235.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 186.05 235.75 Td (of ) Tj ET Q q 0 0 0 rg BT 194.52 235.75 Td ($51.6 ) Tj ET Q q 0 0 0 rg BT 215.98 235.75 Td (million ) Tj ET Q q 0 0 0 rg BT 240.03 235.75 Td (from ) Tj ET Q q 0 0 0 rg BT 257.58 235.75 Td (treasury ) Tj ET Q q 0 0 0 rg BT 287.70 235.75 Td (and ) Tj ET Q q 0 0 0 rg BT 302.67 235.75 Td (a ) Tj ET Q q 0 0 0 rg BT 308.97 235.75 Td (further ) Tj ET Q q 0 0 0 rg BT 333.46 235.75 Td ($6.7 ) Tj ET Q q 0 0 0 rg BT 350.59 235.75 Td (million ) Tj ET Q q 0 0 0 rg BT 374.64 235.75 Td (secondary ) Tj ET Q q 0 0 0 rg BT 412.55 235.75 Td (of) Tj ET Q q 0 0 0 rg BT 418.92 235.75 Td (fering. ) Tj ET Q q 0 0 0 rg BT 442.54 235.75 Td (In ) Tj ET Q q 0 0 0 rg BT 451.01 235.75 Td (addition ) Tj ET Q q 0 0 0 rg BT 480.27 235.75 Td (to ) Tj ET Q q 0 0 0 rg BT 488.74 235.75 Td (providing ) Tj ET Q q 0 0 0 rg BT 522.33 235.75 Td (financing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 224.35 Td (for ) Tj ET Q q 0 0 0 rg BT 60.44 224.35 Td (the ) Tj ET Q q 0 0 0 rg BT 73.13 224.35 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 117.86 224.35 Td (the ) Tj ET Q q 0 0 0 rg BT 130.54 224.35 Td (equity ) Tj ET Q q 0 0 0 rg BT 153.19 224.35 Td (of) Tj ET Q q 0 0 0 rg BT 159.55 224.35 Td (fering ) Tj ET Q q 0 0 0 rg BT 180.89 224.35 Td (provided ) Tj ET Q q 0 0 0 rg BT 212.63 224.35 Td (the ) Tj ET Q q 0 0 0 rg BT 225.31 224.35 Td (REIT) Tj ET Q q 0 0 0 rg BT 242.92 224.35 Td ( ) Tj ET Q q 0 0 0 rg BT 244.77 224.35 Td (with ) Tj ET Q q 0 0 0 rg BT 260.48 224.35 Td (incremental ) Tj ET Q q 0 0 0 rg BT 302.60 224.35 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 336.50 224.35 Td (that ) Tj ET Q q 0 0 0 rg BT 351.35 224.35 Td (were ) Tj ET Q q 0 0 0 rg BT 370.08 224.35 Td (used ) Tj ET Q q 0 0 0 rg BT 388.83 224.35 Td (initially ) Tj ET Q q 0 0 0 rg BT 414.06 224.35 Td (to ) Tj ET Q q 0 0 0 rg BT 422.41 224.35 Td (pay ) Tj ET Q q 0 0 0 rg BT 436.83 224.35 Td (down ) Tj ET Q q 0 0 0 rg BT 457.30 224.35 Td (debt ) Tj ET Q q 0 0 0 rg BT 474.32 224.35 Td (and ) Tj ET Q q 0 0 0 rg BT 489.17 224.35 Td (fund ) Tj ET Q q 0 0 0 rg BT 506.18 224.35 Td (future ) Tj ET Q q 0 0 0 rg BT 527.96 224.35 Td (growth.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 201.55 Td (Operations) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 190.15 Td (On ) Tj ET Q q 0 0 0 rg BT 61.92 190.15 Td (the ) Tj ET Q q 0 0 0 rg BT 74.78 190.15 Td (operations ) Tj ET Q q 0 0 0 rg BT 113.19 190.15 Td (side, ) Tj ET Q q 0 0 0 rg BT 131.68 190.15 Td (the ) Tj ET Q q 0 0 0 rg BT 144.54 190.15 Td (REIT) Tj ET Q q 0 0 0 rg BT 162.15 190.15 Td ( ) Tj ET Q q 0 0 0 rg BT 164.17 190.15 Td (executed ) Tj ET Q q 0 0 0 rg BT 197.82 190.15 Td (approximately ) Tj ET Q q 0 0 0 rg BT 248.35 190.15 Td (335,000 ) Tj ET Q q 0 0 0 rg BT 278.54 190.15 Td (square ) Tj ET Q q 0 0 0 rg BT 304.39 190.15 Td (feet ) Tj ET Q q 0 0 0 rg BT 319.41 190.15 Td (of ) Tj ET Q q 0 0 0 rg BT 327.94 190.15 Td (leasing ) Tj ET Q q 0 0 0 rg BT 354.66 190.15 Td (in ) Tj ET Q q 0 0 0 rg BT 362.75 190.15 Td (the ) Tj ET Q q 0 0 0 rg BT 375.61 190.15 Td (third ) Tj ET Q q 0 0 0 rg BT 392.79 190.15 Td (quarter) Tj ET Q q 0 0 0 rg BT 417.05 190.15 Td (, ) Tj ET Q q 0 0 0 rg BT 421.24 190.15 Td (highlighted ) Tj ET Q q 0 0 0 rg BT 460.95 190.15 Td (by ) Tj ET Q q 0 0 0 rg BT 471.21 190.15 Td (the ) Tj ET Q q 0 0 0 rg BT 484.07 190.15 Td (Medavie ) Tj ET Q q 0 0 0 rg BT 515.54 190.15 Td (Blue ) Tj ET Q q 0 0 0 rg BT 533.16 190.15 Td (Cross ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 178.75 Td (transaction ) Tj ET Q q 0 0 0 rg BT 89.12 178.75 Td (at ) Tj ET Q q 0 0 0 rg BT 97.13 178.75 Td (the ) Tj ET Q q 0 0 0 rg BT 109.46 178.75 Td (Blue ) Tj ET Q q 0 0 0 rg BT 126.56 178.75 Td (Cross ) Tj ET Q q 0 0 0 rg BT 148.41 178.75 Td (Centre ) Tj ET Q q 0 0 0 rg BT 173.30 178.75 Td (in ) Tj ET Q q 0 0 0 rg BT 180.87 178.75 Td (Moncton, ) Tj ET Q q 0 0 0 rg BT 214.42 178.75 Td (New ) Tj ET Q q 0 0 0 rg BT 231.51 178.75 Td (Brunswick. ) Tj ET Q q 0 0 0 rg BT 270.68 178.75 Td ( ) Tj ET Q q 0 0 0 rg BT 272.09 178.75 Td (This ) Tj ET Q q 0 0 0 rg BT 288.32 178.75 Td (155,470 ) Tj ET Q q 0 0 0 rg BT 317.99 178.75 Td (square ) Tj ET Q q 0 0 0 rg BT 343.31 178.75 Td (foot ) Tj ET Q q 0 0 0 rg BT 357.82 178.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 377.95 178.75 Td (extension ) Tj ET Q q 0 0 0 rg BT 412.81 178.75 Td (was ) Tj ET Q q 0 0 0 rg BT 428.17 178.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 465.62 178.75 Td (over ) Tj ET Q q 0 0 0 rg BT 482.28 178.75 Td (two ) Tj ET Q q 0 0 0 rg BT 495.91 178.75 Td (years ) Tj ET Q q 0 0 0 rg BT 516.47 178.75 Td (in ) Tj ET Q q 0 0 0 rg BT 524.04 178.75 Td (advance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 167.35 Td (of ) Tj ET Q q 0 0 0 rg BT 57.23 167.35 Td (the ) Tj ET Q q 0 0 0 rg BT 69.28 167.35 Td (existing ) Tj ET Q q 0 0 0 rg BT 96.93 167.35 Td (lease ) Tj ET Q q 0 0 0 rg BT 116.78 167.35 Td (maturity ) Tj ET Q q 0 0 0 rg BT 145.71 167.35 Td (and ) Tj ET Q q 0 0 0 rg BT 159.94 167.35 Td (keeps ) Tj ET Q q 0 0 0 rg BT 181.95 167.35 Td (Medavie ) Tj ET Q q 0 0 0 rg BT 212.62 167.35 Td (Blue ) Tj ET Q q 0 0 0 rg BT 229.44 167.35 Td (Cross ) Tj ET Q q 0 0 0 rg BT 251.01 167.35 Td (at ) Tj ET Q q 0 0 0 rg BT 258.73 167.35 Td (the ) Tj ET Q q 0 0 0 rg BT 270.79 167.35 Td (centre ) Tj ET Q q 0 0 0 rg BT 293.67 167.35 Td (of ) Tj ET Q q 0 0 0 rg BT 301.40 167.35 Td (downtown ) Tj ET Q q 0 0 0 rg BT 337.70 167.35 Td (Moncton ) Tj ET Q q 0 0 0 rg BT 368.80 167.35 Td (until ) Tj ET Q q 0 0 0 rg BT 384.32 167.35 Td (2029. ) Tj ET Q q 0 0 0 rg BT 405.05 167.35 Td (It ) Tj ET Q q 0 0 0 rg BT 410.60 167.35 Td (is ) Tj ET Q q 0 0 0 rg BT 417.46 167.35 Td (indicative ) Tj ET Q q 0 0 0 rg BT 451.16 167.35 Td (of ) Tj ET Q q 0 0 0 rg BT 458.89 167.35 Td (Management) Tj ET Q q 0 0 0 rg BT 505.96 167.35 Td (s ) Tj ET Q q 0 0 0 rg BT 511.08 167.35 Td (commitment ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 155.95 Td (to ) Tj ET Q q 0 0 0 rg BT 58.09 155.95 Td (securing ) Tj ET Q q 0 0 0 rg BT 89.63 155.95 Td (long-term ) Tj ET Q q 0 0 0 rg BT 124.63 155.95 Td (relationships ) Tj ET Q q 0 0 0 rg BT 170.46 155.95 Td (with ) Tj ET Q q 0 0 0 rg BT 186.40 155.95 Td (high-quality ) Tj ET Q q 0 0 0 rg BT 228.34 155.95 Td (tenants ) Tj ET Q q 0 0 0 rg BT 255.99 155.95 Td (and ) Tj ET Q q 0 0 0 rg BT 271.08 155.95 Td (consistent ) Tj ET Q q 0 0 0 rg BT 308.25 155.95 Td (with ) Tj ET Q q 0 0 0 rg BT 324.20 155.95 Td (our ) Tj ET Q q 0 0 0 rg BT 337.55 155.95 Td (diligent ) Tj ET Q q 0 0 0 rg BT 364.33 155.95 Td (approach ) Tj ET Q q 0 0 0 rg BT 398.91 155.95 Td (to ) Tj ET Q q 0 0 0 rg BT 407.50 155.95 Td (driving ) Tj ET Q q 0 0 0 rg BT 432.54 155.95 Td (organic ) Tj ET Q q 0 0 0 rg BT 460.18 155.95 Td (growth ) Tj ET Q q 0 0 0 rg BT 485.65 155.95 Td (across ) Tj ET Q q 0 0 0 rg BT 510.69 155.95 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 155.95 Td (portfolio. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 144.55 Td (Additional ) Tj ET Q q 0 0 0 rg BT 85.22 144.55 Td (leasing ) Tj ET Q q 0 0 0 rg BT 111.41 144.55 Td (highlights ) Tj ET Q q 0 0 0 rg BT 145.82 144.55 Td (include ) Tj ET Q q 0 0 0 rg BT 172.01 144.55 Td (approximately ) Tj ET Q q 0 0 0 rg BT 222.01 144.55 Td (50,000 ) Tj ET Q q 0 0 0 rg BT 247.34 144.55 Td (square ) Tj ET Q q 0 0 0 rg BT 272.66 144.55 Td (feet ) Tj ET Q q 0 0 0 rg BT 287.16 144.55 Td (of ) Tj ET Q q 0 0 0 rg BT 295.16 144.55 Td (new ) Tj ET Q q 0 0 0 rg BT 310.95 144.55 Td (leasing ) Tj ET Q q 0 0 0 rg BT 337.14 144.55 Td (at ) Tj ET Q q 0 0 0 rg BT 345.14 144.55 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 376.50 144.55 Td (Centre ) Tj ET Q q 0 0 0 rg BT 401.38 144.55 Td (to ) Tj ET Q q 0 0 0 rg BT 409.38 144.55 Td (the ) Tj ET Q q 0 0 0 rg BT 421.72 144.55 Td (Province ) Tj ET Q q 0 0 0 rg BT 453.53 144.55 Td (of ) Tj ET Q q 0 0 0 rg BT 461.53 144.55 Td (Nova ) Tj ET Q q 0 0 0 rg BT 481.21 144.55 Td (Scotia ) Tj ET Q q 0 0 0 rg BT 504.37 144.55 Td (and ) Tj ET Q q 0 0 0 rg BT 518.87 144.55 Td (Dalhousie ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 133.15 Td (University) Tj ET Q q 0 0 0 rg BT 83.13 133.15 Td (. ) Tj ET Q q 0 0 0 rg BT 87.10 133.15 Td (Overall ) Tj ET Q q 0 0 0 rg BT 113.59 133.15 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 143.11 133.15 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 182.16 133.15 Td (increased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 217.75 133.15 Td (50) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 226.42 133.15 Td ( ) Tj ET Q q 0 0 0 rg BT 228.22 133.15 Td (bps ) Tj ET Q q 0 0 0 rg BT 242.59 133.15 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.90 133.15 Td (86.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 272.99 133.15 Td (, ) Tj ET Q q 0 0 0 rg BT 276.96 133.15 Td (while ) Tj ET Q q 0 0 0 rg BT 296.51 133.15 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 335.57 133.15 Td (excluding ) Tj ET Q q 0 0 0 rg BT 370.29 133.15 Td (properties ) Tj ET Q q 0 0 0 rg BT 406.74 133.15 Td (held ) Tj ET Q q 0 0 0 rg BT 423.28 133.15 Td (for ) Tj ET Q q 0 0 0 rg BT 434.17 133.15 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 487.52 133.15 Td (increased ) Tj ET Q q 0 0 0 rg BT 523.10 133.15 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.41 133.15 Td (90.2%) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 121.75 Td (at ) Tj ET Q q 0 0 0 rg BT 57.99 121.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 84.66 121.75 Td (end. ) Tj ET Q q 0 0 0 rg BT 101.81 121.75 Td ( ) Tj ET Q q 0 0 0 rg BT 103.79 121.75 Td (Given ) Tj ET Q q 0 0 0 rg BT 126.14 121.75 Td (the ) Tj ET Q q 0 0 0 rg BT 138.95 121.75 Td (tenant ) Tj ET Q q 0 0 0 rg BT 162.60 121.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 192.74 121.75 Td (we ) Tj ET Q q 0 0 0 rg BT 204.68 121.75 Td (are ) Tj ET Q q 0 0 0 rg BT 217.93 121.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 249.79 121.75 Td (seeing, ) Tj ET Q q 0 0 0 rg BT 276.90 121.75 Td (we ) Tj ET Q q 0 0 0 rg BT 288.84 121.75 Td (expect ) Tj ET Q q 0 0 0 rg BT 313.79 121.75 Td (to ) Tj ET Q q 0 0 0 rg BT 322.27 121.75 Td (see ) Tj ET Q q 0 0 0 rg BT 336.82 121.75 Td (continued ) Tj ET Q q 0 0 0 rg BT 372.60 121.75 Td (strength ) Tj ET Q q 0 0 0 rg BT 402.73 121.75 Td (in ) Tj ET Q q 0 0 0 rg BT 410.78 121.75 Td (leasing ) Tj ET Q q 0 0 0 rg BT 437.46 121.75 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 484.06 121.75 Td (in ) Tj ET Q q 0 0 0 rg BT 492.11 121.75 Td (the ) Tj ET Q q 0 0 0 rg BT 504.93 121.75 Td (near ) Tj ET Q q 0 0 0 rg BT 522.50 121.75 Td (future ) Tj ET Q q 0 0 0 rg BT 544.41 121.75 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 110.35 Td (both ) Tj ET Q q 0 0 0 rg BT 66.83 110.35 Td (renewals ) Tj ET Q q 0 0 0 rg BT 100.17 110.35 Td (and ) Tj ET Q q 0 0 0 rg BT 115.33 110.35 Td (new ) Tj ET Q q 0 0 0 rg BT 131.79 110.35 Td (tenancies.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 87.55 Td (Financial ) Tj ET Q q 0 0 0 rg BT 85.44 87.55 Td (Highlights) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 76.15 Td (The ) Tj ET Q q 0 0 0 rg BT 64.92 76.15 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.53 76.15 Td ( ) Tj ET Q q 0 0 0 rg BT 84.53 76.15 Td (posted ) Tj ET Q q 0 0 0 rg BT 109.92 76.15 Td (strong ) Tj ET Q q 0 0 0 rg BT 133.57 76.15 Td (results ) Tj ET Q q 0 0 0 rg BT 158.52 76.15 Td (across ) Tj ET Q q 0 0 0 rg BT 183.47 76.15 Td (a ) Tj ET Q q 0 0 0 rg BT 189.80 76.15 Td (number ) Tj ET Q q 0 0 0 rg BT 218.21 76.15 Td (of ) Tj ET Q q 0 0 0 rg BT 226.71 76.15 Td (key ) Tj ET Q q 0 0 0 rg BT 240.83 76.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.41 76.15 Td (metrics, ) Tj ET Q q 0 0 0 rg BT 300.69 76.15 Td (consistent ) Tj ET Q q 0 0 0 rg BT 337.77 76.15 Td (with ) Tj ET Q q 0 0 0 rg BT 353.62 76.15 Td (our ) Tj ET Q q 0 0 0 rg BT 366.87 76.15 Td (long-term ) Tj ET Q q 0 0 0 rg BT 401.78 76.15 Td (goals ) Tj ET Q q 0 0 0 rg BT 422.40 76.15 Td (to ) Tj ET Q q 0 0 0 rg BT 430.90 76.15 Td (lower ) Tj ET Q q 0 0 0 rg BT 451.51 76.15 Td (the ) Tj ET Q q 0 0 0 rg BT 463.94 76.15 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 486.72 76.15 Td (payout ) Tj ET Q q 0 0 0 rg BT 512.11 76.15 Td (and ) Tj ET Q q 0 0 0 rg BT 527.10 76.15 Td (loan-to-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 64.75 Td (value ) Tj ET Q q 0 0 0 rg BT 69.93 64.75 Td (ratios ) Tj ET Q q 0 0 0 rg BT 90.80 64.75 Td (coupled ) Tj ET Q q 0 0 0 rg BT 119.90 64.75 Td (with ) Tj ET Q q 0 0 0 rg BT 135.56 64.75 Td (a ) Tj ET Q q 0 0 0 rg BT 141.70 64.75 Td (general ) Tj ET Q q 0 0 0 rg BT 169.50 64.75 Td (de-risking ) Tj ET Q q 0 0 0 rg BT 210.26 64.75 Td (of ) Tj ET Q q 0 0 0 rg BT 218.57 64.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.21 64.75 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 260.74 64.75 Td (that ) Tj ET Q q 0 0 0 rg BT 275.55 64.75 Td (we ) Tj ET Q q 0 0 0 rg BT 287.31 64.75 Td (have ) Tj ET Q q 0 0 0 rg BT 306.02 64.75 Td (executed ) Tj ET Q q 0 0 0 rg BT 339.45 64.75 Td (on ) Tj ET Q q 0 0 0 rg BT 349.93 64.75 Td (over ) Tj ET Q q 0 0 0 rg BT 366.89 64.75 Td (the ) Tj ET Q q 0 0 0 rg BT 379.53 64.75 Td (past ) Tj ET Q q 0 0 0 rg BT 396.07 64.75 Td (year-and-a-half ) Tj ET Q q 0 0 0 rg BT 450.71 64.75 Td (since ) Tj ET Q q 0 0 0 rg BT 470.71 64.75 Td (assuming ) Tj ET Q q 0 0 0 rg BT 505.86 64.75 Td (management. ) Tj ET Q q 0 0 0 rg BT 555.67 64.75 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 53.35 Td (The ) Tj ET Q q 0 0 0 rg BT 64.78 53.35 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 87.87 53.35 Td (payout ) Tj ET Q q 0 0 0 rg BT 113.58 53.35 Td (ratio ) Tj ET Q q 0 0 0 rg BT 131.05 53.35 Td (in ) Tj ET Q q 0 0 0 rg BT 139.42 53.35 Td (the ) Tj ET Q q 0 0 0 rg BT 152.57 53.35 Td (third ) Tj ET Q q 0 0 0 rg BT 170.04 53.35 Td (quarter ) Tj ET Q q 0 0 0 rg BT 197.03 53.35 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 213.20 53.35 Td (87.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 235.29 53.35 Td ( ) Tj ET Q q 0 0 0 rg BT 237.60 53.35 Td (ahead ) Tj ET Q q 0 0 0 rg BT 261.58 53.35 Td (of ) Tj ET Q q 0 0 0 rg BT 270.39 53.35 Td (our ) Tj ET Q q 0 0 0 rg BT 283.96 53.35 Td (90.0% ) Tj ET Q q 0 0 0 rg BT 308.37 53.35 Td (guidance ) Tj ET Q q 0 0 0 rg BT 342.30 53.35 Td (for ) Tj ET Q q 0 0 0 rg BT 353.71 53.35 Td (the ) Tj ET Q q 0 0 0 rg BT 366.85 53.35 Td (quarter) Tj ET Q q 0 0 0 rg BT 391.11 53.35 Td (. ) Tj ET Q q 0 0 0 rg BT 395.59 53.35 Td (Moreover) Tj ET Q q 0 0 0 rg BT 428.06 53.35 Td (, ) Tj ET Q q 0 0 0 rg BT 432.54 53.35 Td (the ) Tj ET Q q 0 0 0 rg BT 445.69 53.35 Td (year-to-date ) Tj ET Q q 0 0 0 rg BT 489.55 53.35 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 512.64 53.35 Td (payout ) Tj ET Q q 0 0 0 rg BT 538.35 53.35 Td (ratio ) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 56.95 742.10 Td (approximately ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 107.27 742.10 Td (87.2%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 129.36 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.19 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.08 742.10 Td (line ) Tj ET Q q 0 0 0 rg BT 153.03 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 168.70 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.79 742.10 Td (long ) Tj ET Q q 0 0 0 rg BT 198.34 742.10 Td (term ) Tj ET Q q 0 0 0 rg BT 215.75 742.10 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 254.38 742.10 Td (Coupled ) Tj ET Q q 0 0 0 rg BT 285.22 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 300.90 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.56 742.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 327.94 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 342.77 742.10 Td (44.0% ) Tj ET Q q 0 0 0 rg BT 366.68 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.66 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 407.00 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 412.72 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 439.66 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 447.11 742.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 484.02 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.08 742.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 533.58 742.10 Td (grade ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (tenancies, ) Tj ET Q q 0 0 0 rg BT 87.19 730.70 Td (we ) Tj ET Q q 0 0 0 rg BT 99.31 730.70 Td (are ) Tj ET Q q 0 0 0 rg BT 112.73 730.70 Td (very ) Tj ET Q q 0 0 0 rg BT 129.62 730.70 Td (pleased ) Tj ET Q q 0 0 0 rg BT 159.07 730.70 Td (with ) Tj ET Q q 0 0 0 rg BT 175.09 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 188.09 730.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 212.78 730.70 Td (and ) Tj ET Q q 0 0 0 rg BT 227.94 730.70 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 274.71 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 283.38 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 296.38 730.70 Td (monthly ) Tj ET Q q 0 0 0 rg BT 325.83 730.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 365.67 730.70 Td (going ) Tj ET Q q 0 0 0 rg BT 386.90 730.70 Td (forward. ) Tj ET Q q 0 0 0 rg BT 417.20 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 419.37 730.70 Td (Other ) Tj ET Q q 0 0 0 rg BT 441.02 730.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 471.77 730.70 Td (highlights ) Tj ET Q q 0 0 0 rg BT 506.86 730.70 Td (include:) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 707.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 85.50 707.90 Td (Loan-to-value ) Tj ET Q q 0 0 0 rg BT 135.31 707.90 Td (decreased ) Tj ET Q q 0 0 0 rg BT 173.85 707.90 Td (190 ) Tj ET Q q 0 0 0 rg BT 189.02 707.90 Td (bps ) Tj ET Q q 0 0 0 rg BT 203.75 707.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 212.41 707.90 Td (59.2%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 234.50 707.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 696.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 85.50 696.50 Td (Net ) Tj ET Q q 0 0 0 rg BT 99.79 696.50 Td (Operating ) Tj ET Q q 0 0 0 rg BT 136.17 696.50 Td (Income ) Tj ET Q q 0 0 0 rg BT 163.89 696.50 Td (increased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 199.83 696.50 Td (13.2%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 221.92 696.50 Td ( ) Tj ET Q q 0 0 0 rg BT 224.09 696.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 250.94 696.50 Td (over ) Tj ET Q q 0 0 0 rg BT 268.26 696.50 Td (quarter ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 685.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 85.50 685.10 Td (Core ) Tj ET Q q 0 0 0 rg BT 104.55 685.10 Td (FFO ) Tj ET Q q 0 0 0 rg BT 122.29 685.10 Td (increased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 158.24 685.10 Td (9.6%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 176.00 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.16 685.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 205.01 685.10 Td (over ) Tj ET Q q 0 0 0 rg BT 222.34 685.10 Td (quarter) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 673.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 85.50 673.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 108.44 673.70 Td (increased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 144.39 673.70 Td (9.9%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 162.15 673.70 Td ( ) Tj ET Q q 0 0 0 rg BT 164.31 673.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 191.16 673.70 Td (over ) Tj ET Q q 0 0 0 rg BT 208.48 673.70 Td (quarter) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 650.90 Td (While ) Tj ET Q q 0 0 0 rg BT 71.17 650.90 Td (these ) Tj ET Q q 0 0 0 rg BT 92.42 650.90 Td (results ) Tj ET Q q 0 0 0 rg BT 117.56 650.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 150.06 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 163.08 650.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 180.16 650.90 Td (s ) Tj ET Q q 0 0 0 rg BT 186.25 650.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 232.18 650.90 Td (at ) Tj ET Q q 0 0 0 rg BT 240.87 650.90 Td (a ) Tj ET Q q 0 0 0 rg BT 247.39 650.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 275.56 650.90 Td (point ) Tj ET Q q 0 0 0 rg BT 294.65 650.90 Td (in ) Tj ET Q q 0 0 0 rg BT 302.90 650.90 Td (time, ) Tj ET Q q 0 0 0 rg BT 321.98 650.90 Td (we ) Tj ET Q q 0 0 0 rg BT 334.12 650.90 Td (are ) Tj ET Q q 0 0 0 rg BT 347.57 650.90 Td (most ) Tj ET Q q 0 0 0 rg BT 366.65 650.90 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 409.99 650.90 Td (by ) Tj ET Q q 0 0 0 rg BT 420.41 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 433.43 650.90 Td (overall ) Tj ET Q q 0 0 0 rg BT 458.57 650.90 Td (trend ) Tj ET Q q 0 0 0 rg BT 478.52 650.90 Td (in ) Tj ET Q q 0 0 0 rg BT 486.77 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 499.80 650.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 530.57 650.90 Td (results ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 639.50 Td (since ) Tj ET Q q 0 0 0 rg BT 69.85 639.50 Td (we ) Tj ET Q q 0 0 0 rg BT 81.98 639.50 Td (assumed ) Tj ET Q q 0 0 0 rg BT 115.76 639.50 Td (control ) Tj ET Q q 0 0 0 rg BT 141.31 639.50 Td (of ) Tj ET Q q 0 0 0 rg BT 149.97 639.50 Td (management ) Tj ET Q q 0 0 0 rg BT 197.61 639.50 Td (at ) Tj ET Q q 0 0 0 rg BT 206.28 639.50 Td (the ) Tj ET Q q 0 0 0 rg BT 219.28 639.50 Td (end ) Tj ET Q q 0 0 0 rg BT 234.44 639.50 Td (of ) Tj ET Q q 0 0 0 rg BT 243.10 639.50 Td (2014. ) Tj ET Q q 0 0 0 rg BT 264.77 639.50 Td ( ) Tj ET Q q 0 0 0 rg BT 266.93 639.50 Td (W) Tj ET Q q 0 0 0 rg BT 274.15 639.50 Td (e ) Tj ET Q q 0 0 0 rg BT 280.65 639.50 Td (remain ) Tj ET Q q 0 0 0 rg BT 306.63 639.50 Td (acutely ) Tj ET Q q 0 0 0 rg BT 333.48 639.50 Td (focused ) Tj ET Q q 0 0 0 rg BT 362.94 639.50 Td (on ) Tj ET Q q 0 0 0 rg BT 373.77 639.50 Td (continuing ) Tj ET Q q 0 0 0 rg BT 411.46 639.50 Td (this ) Tj ET Q q 0 0 0 rg BT 425.75 639.50 Td (trend ) Tj ET Q q 0 0 0 rg BT 445.67 639.50 Td (in ) Tj ET Q q 0 0 0 rg BT 453.90 639.50 Td (the ) Tj ET Q q 0 0 0 rg BT 466.90 639.50 Td (coming ) Tj ET Q q 0 0 0 rg BT 494.18 639.50 Td (quarters.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 616.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.72 616.70 Td (e ) Tj ET Q q 0 0 0 rg BT 62.74 616.70 Td (have ) Tj ET Q q 0 0 0 rg BT 81.33 616.70 Td (been ) Tj ET Q q 0 0 0 rg BT 100.35 616.70 Td (very ) Tj ET Q q 0 0 0 rg BT 116.76 616.70 Td (pleased ) Tj ET Q q 0 0 0 rg BT 145.74 616.70 Td (to ) Tj ET Q q 0 0 0 rg BT 153.94 616.70 Td (see ) Tj ET Q q 0 0 0 rg BT 168.19 616.70 Td (a ) Tj ET Q q 0 0 0 rg BT 174.21 616.70 Td (keen ) Tj ET Q q 0 0 0 rg BT 192.80 616.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 220.04 616.70 Td (from ) Tj ET Q q 0 0 0 rg BT 237.32 616.70 Td (new ) Tj ET Q q 0 0 0 rg BT 253.30 616.70 Td (investors ) Tj ET Q q 0 0 0 rg BT 286.17 616.70 Td (in ) Tj ET Q q 0 0 0 rg BT 293.92 616.70 Td (Slate ) Tj ET Q q 0 0 0 rg BT 313.37 616.70 Td (Of) Tj ET Q q 0 0 0 rg BT 321.47 616.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 335.29 616.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 352.90 616.70 Td ( ) Tj ET Q q 0 0 0 rg BT 354.59 616.70 Td (as ) Tj ET Q q 0 0 0 rg BT 364.51 616.70 Td (evidenced ) Tj ET Q q 0 0 0 rg BT 401.72 616.70 Td (by ) Tj ET Q q 0 0 0 rg BT 411.64 616.70 Td (the ) Tj ET Q q 0 0 0 rg BT 424.17 616.70 Td (average ) Tj ET Q q 0 0 0 rg BT 454.01 616.70 Td (daily ) Tj ET Q q 0 0 0 rg BT 471.72 616.70 Td (trading ) Tj ET Q q 0 0 0 rg BT 497.24 616.70 Td (volume ) Tj ET Q q 0 0 0 rg BT 524.04 616.70 Td (doubling ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 605.30 Td (over ) Tj ET Q q 0 0 0 rg BT 66.63 605.30 Td (the ) Tj ET Q q 0 0 0 rg BT 79.43 605.30 Td (past ) Tj ET Q q 0 0 0 rg BT 96.13 605.30 Td (six ) Tj ET Q q 0 0 0 rg BT 107.62 605.30 Td (months. ) Tj ET Q q 0 0 0 rg BT 137.31 605.30 Td (It ) Tj ET Q q 0 0 0 rg BT 143.62 605.30 Td (has ) Tj ET Q q 0 0 0 rg BT 158.15 605.30 Td (been ) Tj ET Q q 0 0 0 rg BT 177.45 605.30 Td (a ) Tj ET Q q 0 0 0 rg BT 183.76 605.30 Td (large ) Tj ET Q q 0 0 0 rg BT 203.05 605.30 Td (focus ) Tj ET Q q 0 0 0 rg BT 223.65 605.30 Td (of ) Tj ET Q q 0 0 0 rg BT 232.12 605.30 Td (our ) Tj ET Q q 0 0 0 rg BT 245.35 605.30 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 281.11 605.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 300.84 605.30 Td (Of) Tj ET Q q 0 0 0 rg BT 308.93 605.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 323.03 605.30 Td (team ) Tj ET Q q 0 0 0 rg BT 342.32 605.30 Td (and ) Tj ET Q q 0 0 0 rg BT 357.29 605.30 Td (myself ) Tj ET Q q 0 0 0 rg BT 381.77 605.30 Td (to ) Tj ET Q q 0 0 0 rg BT 390.25 605.30 Td (get ) Tj ET Q q 0 0 0 rg BT 403.05 605.30 Td (the ) Tj ET Q q 0 0 0 rg BT 415.85 605.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 440.96 605.30 Td (story ) Tj ET Q q 0 0 0 rg BT 459.81 605.30 Td (out ) Tj ET Q q 0 0 0 rg BT 472.62 605.30 Td (to ) Tj ET Q q 0 0 0 rg BT 481.09 605.30 Td (the ) Tj ET Q q 0 0 0 rg BT 493.89 605.30 Td (street ) Tj ET Q q 0 0 0 rg BT 515.35 605.30 Td (and ) Tj ET Q q 0 0 0 rg BT 530.32 605.30 Td (we ) Tj ET Q q 0 0 0 rg BT 542.25 605.30 Td (are ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 593.90 Td (starting ) Tj ET Q q 0 0 0 rg BT 77.13 593.90 Td (to ) Tj ET Q q 0 0 0 rg BT 85.71 593.90 Td (reap ) Tj ET Q q 0 0 0 rg BT 103.38 593.90 Td (the ) Tj ET Q q 0 0 0 rg BT 116.29 593.90 Td (rewards ) Tj ET Q q 0 0 0 rg BT 146.07 593.90 Td (of ) Tj ET Q q 0 0 0 rg BT 154.65 593.90 Td (that ) Tj ET Q q 0 0 0 rg BT 169.73 593.90 Td (ef) Tj ET Q q 0 0 0 rg BT 176.09 593.90 Td (fort. ) Tj ET Q q 0 0 0 rg BT 191.60 593.90 Td (Over ) Tj ET Q q 0 0 0 rg BT 210.56 593.90 Td (66.0% ) Tj ET Q q 0 0 0 rg BT 234.73 593.90 Td (of ) Tj ET Q q 0 0 0 rg BT 243.31 593.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 278.74 593.90 Td (of) Tj ET Q q 0 0 0 rg BT 285.10 593.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 299.31 593.90 Td (space ) Tj ET Q q 0 0 0 rg BT 322.18 593.90 Td (is ) Tj ET Q q 0 0 0 rg BT 329.88 593.90 Td (deemed ) Tj ET Q q 0 0 0 rg BT 360.12 593.90 Td ("non-trophy" ) Tj ET Q q 0 0 0 rg BT 404.97 593.90 Td (with ) Tj ET Q q 0 0 0 rg BT 420.90 593.90 Td (Slate ) Tj ET Q q 0 0 0 rg BT 440.74 593.90 Td (Of) Tj ET Q q 0 0 0 rg BT 448.83 593.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 463.04 593.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 480.65 593.90 Td ( ) Tj ET Q q 0 0 0 rg BT 482.73 593.90 Td (being ) Tj ET Q q 0 0 0 rg BT 503.87 593.90 Td (the ) Tj ET Q q 0 0 0 rg BT 516.78 593.90 Td (only ) Tj ET Q q 0 0 0 rg BT 533.15 593.90 Td (public ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 582.50 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 75.89 582.50 Td (actively ) Tj ET Q q 0 0 0 rg BT 104.02 582.50 Td (acquiring. ) Tj ET Q q 0 0 0 rg BT 139.52 582.50 Td (Achieving ) Tj ET Q q 0 0 0 rg BT 175.44 582.50 Td (the ) Tj ET Q q 0 0 0 rg BT 188.42 582.50 Td (scale ) Tj ET Q q 0 0 0 rg BT 208.75 582.50 Td (we ) Tj ET Q q 0 0 0 rg BT 220.85 582.50 Td (know ) Tj ET Q q 0 0 0 rg BT 241.17 582.50 Td (we ) Tj ET Q q 0 0 0 rg BT 253.27 582.50 Td (are ) Tj ET Q q 0 0 0 rg BT 266.67 582.50 Td (capable ) Tj ET Q q 0 0 0 rg BT 296.10 582.50 Td (of ) Tj ET Q q 0 0 0 rg BT 304.75 582.50 Td (requires ) Tj ET Q q 0 0 0 rg BT 335.03 582.50 Td (that ) Tj ET Q q 0 0 0 rg BT 350.17 582.50 Td (support ) Tj ET Q q 0 0 0 rg BT 378.30 582.50 Td (of ) Tj ET Q q 0 0 0 rg BT 386.95 582.50 Td (our ) Tj ET Q q 0 0 0 rg BT 400.35 582.50 Td (trusted ) Tj ET Q q 0 0 0 rg BT 426.31 582.50 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 466.57 582.50 Td (and ) Tj ET Q q 0 0 0 rg BT 481.71 582.50 Td (we ) Tj ET Q q 0 0 0 rg BT 493.80 582.50 Td (are ) Tj ET Q q 0 0 0 rg BT 507.21 582.50 Td (thrilled ) Tj ET Q q 0 0 0 rg BT 532.30 582.50 Td (to ) Tj ET Q q 0 0 0 rg BT 540.94 582.50 Td (see ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 571.10 Td (that ) Tj ET Q q 0 0 0 rg BT 64.66 571.10 Td (group ) Tj ET Q q 0 0 0 rg BT 86.75 571.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 124.44 571.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.11 571.10 Td (grow) Tj ET Q q 0 0 0 rg BT 149.56 571.10 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 548.30 Td (Outlook) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 536.90 Td (Slate ) Tj ET Q q 0 0 0 rg BT 69.70 536.90 Td (Of) Tj ET Q q 0 0 0 rg BT 77.79 536.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 92.36 536.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 109.97 536.90 Td ( ) Tj ET Q q 0 0 0 rg BT 112.41 536.90 Td (delivered ) Tj ET Q q 0 0 0 rg BT 146.46 536.90 Td (another ) Tj ET Q q 0 0 0 rg BT 175.32 536.90 Td (solid ) Tj ET Q q 0 0 0 rg BT 193.78 536.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 220.90 536.90 Td (of ) Tj ET Q q 0 0 0 rg BT 229.84 536.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.87 536.90 Td (results ) Tj ET Q q 0 0 0 rg BT 286.25 536.90 Td (in ) Tj ET Q q 0 0 0 rg BT 294.76 536.90 Td (Q3 ) Tj ET Q q 0 0 0 rg BT 307.59 536.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 329.05 536.90 Td (At ) Tj ET Q q 0 0 0 rg BT 338.85 536.90 Td (the ) Tj ET Q q 0 0 0 rg BT 352.12 536.90 Td (same ) Tj ET Q q 0 0 0 rg BT 373.61 536.90 Td (time ) Tj ET Q q 0 0 0 rg BT 390.77 536.90 Td (we ) Tj ET Q q 0 0 0 rg BT 403.16 536.90 Td (remain ) Tj ET Q q 0 0 0 rg BT 429.41 536.90 Td (focused ) Tj ET Q q 0 0 0 rg BT 459.14 536.90 Td (on ) Tj ET Q q 0 0 0 rg BT 470.25 536.90 Td (the ) Tj ET Q q 0 0 0 rg BT 483.52 536.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 518.86 536.90 Td (objectives ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 525.50 Td (that ) Tj ET Q q 0 0 0 rg BT 64.94 525.50 Td (we ) Tj ET Q q 0 0 0 rg BT 77.33 525.50 Td (have ) Tj ET Q q 0 0 0 rg BT 96.66 525.50 Td (set ) Tj ET Q q 0 0 0 rg BT 109.49 525.50 Td (out ) Tj ET Q q 0 0 0 rg BT 122.76 525.50 Td (- ) Tj ET Q q 0 0 0 rg BT 127.79 525.50 Td (to ) Tj ET Q q 0 0 0 rg BT 136.73 525.50 Td (be ) Tj ET Q q 0 0 0 rg BT 147.83 525.50 Td (a ) Tj ET Q q 0 0 0 rg BT 154.60 525.50 Td (leading ) Tj ET Q q 0 0 0 rg BT 182.16 525.50 Td (owner ) Tj ET Q q 0 0 0 rg BT 205.81 525.50 Td (and ) Tj ET Q q 0 0 0 rg BT 221.25 525.50 Td (operator ) Tj ET Q q 0 0 0 rg BT 252.70 525.50 Td (of ) Tj ET Q q 0 0 0 rg BT 261.64 525.50 Td (of) Tj ET Q q 0 0 0 rg BT 268.00 525.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 282.56 525.50 Td (real ) Tj ET Q q 0 0 0 rg BT 297.99 525.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 321.66 525.50 Td (and ) Tj ET Q q 0 0 0 rg BT 337.09 525.50 Td (delivering ) Tj ET Q q 0 0 0 rg BT 372.87 525.50 Td (strong ) Tj ET Q q 0 0 0 rg BT 396.96 525.50 Td (and ) Tj ET Q q 0 0 0 rg BT 412.40 525.50 Td (consistent ) Tj ET Q q 0 0 0 rg BT 449.92 525.50 Td (returns ) Tj ET Q q 0 0 0 rg BT 476.60 525.50 Td (to ) Tj ET Q q 0 0 0 rg BT 485.54 525.50 Td (our ) Tj ET Q q 0 0 0 rg BT 499.24 525.50 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 541.95 525.50 Td (W) Tj ET Q q 0 0 0 rg BT 549.17 525.50 Td (e ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 77.01 514.10 Td (that ) Tj ET Q q 0 0 0 rg BT 92.83 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.49 514.10 Td (best ) Tj ET Q q 0 0 0 rg BT 124.04 514.10 Td (way ) Tj ET Q q 0 0 0 rg BT 140.72 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.04 514.10 Td (accomplish ) Tj ET Q q 0 0 0 rg BT 191.84 514.10 Td (these ) Tj ET Q q 0 0 0 rg BT 213.72 514.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 251.20 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 259.65 514.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 293.21 514.10 Td (simple ) Tj ET Q q 0 0 0 rg BT 318.55 514.10 Td (- ) Tj ET Q q 0 0 0 rg BT 323.97 514.10 Td (we ) Tj ET Q q 0 0 0 rg BT 336.75 514.10 Td (need ) Tj ET Q q 0 0 0 rg BT 356.90 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.23 514.10 Td (be ) Tj ET Q q 0 0 0 rg BT 377.72 514.10 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 416.92 514.10 Td (buyers ) Tj ET Q q 0 0 0 rg BT 443.13 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.45 514.10 Td (of) Tj ET Q q 0 0 0 rg BT 458.81 514.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 473.77 514.10 Td (real ) Tj ET Q q 0 0 0 rg BT 489.58 514.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 513.63 514.10 Td (that ) Tj ET Q q 0 0 0 rg BT 529.45 514.10 Td (fits ) Tj ET Q q 0 0 0 rg BT 542.24 514.10 Td (our ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 502.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 89.28 502.70 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 116.94 502.70 Td (and, ) Tj ET Q q 0 0 0 rg BT 134.21 502.70 Td (once ) Tj ET Q q 0 0 0 rg BT 153.21 502.70 Td (we ) Tj ET Q q 0 0 0 rg BT 165.27 502.70 Td (own ) Tj ET Q q 0 0 0 rg BT 181.67 502.70 Td (the ) Tj ET Q q 0 0 0 rg BT 194.61 502.70 Td (real ) Tj ET Q q 0 0 0 rg BT 209.71 502.70 Td (estate ) Tj ET Q q 0 0 0 rg BT 233.04 502.70 Td (we ) Tj ET Q q 0 0 0 rg BT 245.10 502.70 Td (need ) Tj ET Q q 0 0 0 rg BT 264.54 502.70 Td (to ) Tj ET Q q 0 0 0 rg BT 273.15 502.70 Td (be ) Tj ET Q q 0 0 0 rg BT 283.92 502.70 Td (best-in-class ) Tj ET Q q 0 0 0 rg BT 329.76 502.70 Td (managers. ) Tj ET Q q 0 0 0 rg BT 368.68 502.70 Td (If ) Tj ET Q q 0 0 0 rg BT 375.12 502.70 Td (we ) Tj ET Q q 0 0 0 rg BT 387.18 502.70 Td (are ) Tj ET Q q 0 0 0 rg BT 400.55 502.70 Td (consistent ) Tj ET Q q 0 0 0 rg BT 437.74 502.70 Td (with ) Tj ET Q q 0 0 0 rg BT 453.70 502.70 Td (this ) Tj ET Q q 0 0 0 rg BT 467.94 502.70 Td (approach, ) Tj ET Q q 0 0 0 rg BT 504.70 502.70 Td (the ) Tj ET Q q 0 0 0 rg BT 517.64 502.70 Td (results ) Tj ET Q q 0 0 0 rg BT 542.69 502.70 Td (will ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 491.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 81.12 491.30 Td (to ) Tj ET Q q 0 0 0 rg BT 89.79 491.30 Td (reflect ) Tj ET Q q 0 0 0 rg BT 113.17 491.30 Td (our ) Tj ET Q q 0 0 0 rg BT 126.60 491.30 Td (ef) Tj ET Q q 0 0 0 rg BT 132.96 491.30 Td (forts.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 468.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.72 468.50 Td (e thank our unitholders for their continued trust and support.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 433.70 Td (Sincerely) Tj ET Q q 0 0 0 rg BT 80.97 433.70 Td (,) Tj ET Q /GS0 gs q 94.00 0 0 44.00 49.50 384.70 cm /I2 Do Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 373.30 Td (Scott ) Tj ET Q q 0 0 0 rg BT 69.00 373.30 Td (Antoniak) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 361.90 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 113.89 361.90 Td (ficer) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 350.50 Td (November3, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 113.59 350.50 Td ( ) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream /GS0 gs q 163.00 0 0 102.00 390.50 570.30 cm /I3 Do Q BT /F1 10.00 Tf ET BT /F2 16.00 Tf ET q 0 0 0 rg BT 305.10 551.10 Td (Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 499.51 551.10 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 502.90 519.90 Td (TSX: SOT) Tj ET Q q 0 0 0 rg BT 539.36 519.90 Td (.UN) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 446.25 486.30 Td (September30, 2016) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 553.46 486.30 Td ( ) Tj ET Q endstream endobj 9 0 obj <><>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 740.30 Td (CONTENTS) Tj ET Q 1 1 1 rg /GS0 gs 131.25 707.00 385.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 131.25 678.00 385.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 131.25 650.00 385.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 131.25 622.00 385.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 131.25 594.00 385.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 131.25 566.00 385.00 -14.00 re f /GS0 gs BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 696.53 Td (PART I) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.95 696.53 Td (-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.75 696.53 Td (OVERVIEW) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 668.53 Td (PART II) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.95 668.53 Td (-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.75 668.53 Td (LEASING AND PROPERTY PORTFOLIO) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.40 668.53 Td (5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 640.53 Td (PART III) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.95 640.53 Td (-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.75 640.53 Td (RESULTS OF OPERATIONS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.65 640.53 Td (11) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 612.53 Td (PART IV) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.95 612.53 Td (-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.75 612.53 Td (FINANCIAL CONDITION) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.05 612.53 Td (23) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 584.53 Td (PART V) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.95 584.53 Td (-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.75 584.53 Td (ACCOUNTING AND CONTROL) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.05 584.53 Td (29) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 556.53 Td (PART VI) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.95 556.53 Td (-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.75 556.53 Td (PROPERTY TABLE) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.40 696.53 Td (3) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.05 556.53 Td (32) Tj ET Q BT /F3 9.50 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 49.50 708.90 Td (Certain ) Tj ET Q q 0 0 0 rg BT 76.04 708.90 Td (information ) Tj ET Q q 0 0 0 rg BT 116.01 708.90 Td (in ) Tj ET Q q 0 0 0 rg BT 123.51 708.90 Td (this ) Tj ET Q q 0 0 0 rg BT 137.07 708.90 Td (Management) Tj ET Q q 0 0 0 rg BT 184.14 708.90 Td (s ) Tj ET Q q 0 0 0 rg BT 189.46 708.90 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 228.56 708.90 Td (and ) Tj ET Q q 0 0 0 rg BT 242.71 708.90 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 273.15 708.90 Td (\(MD&A\) ) Tj ET Q q 0 0 0 rg BT 307.46 708.90 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 346.14 708.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 403.42 708.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 445.56 708.90 Td (within ) Tj ET Q q 0 0 0 rg BT 466.91 708.90 Td (the ) Tj ET Q q 0 0 0 rg BT 479.17 708.90 Td (meaning ) Tj ET Q q 0 0 0 rg BT 510.49 708.90 Td (of ) Tj ET Q q 0 0 0 rg BT 518.42 708.90 Td (applicable ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 697.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 84.85 697.50 Td (legislation. ) Tj ET Q q 0 0 0 rg BT 123.94 697.50 Td (These ) Tj ET Q q 0 0 0 rg BT 148.04 697.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 188.59 697.50 Td (reflect ) Tj ET Q q 0 0 0 rg BT 212.24 697.50 Td (Management) Tj ET Q q 0 0 0 rg BT 259.31 697.50 Td (s ) Tj ET Q q 0 0 0 rg BT 265.64 697.50 Td (expectations ) Tj ET Q q 0 0 0 rg BT 311.83 697.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 347.18 697.50 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 386.43 697.50 Td (plans, ) Tj ET Q q 0 0 0 rg BT 409.66 697.50 Td (goals, ) Tj ET Q q 0 0 0 rg BT 432.89 697.50 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 471.27 697.50 Td (future ) Tj ET Q q 0 0 0 rg BT 493.63 697.50 Td (growth, ) Tj ET Q q 0 0 0 rg BT 521.62 697.50 Td (results ) Tj ET Q q 0 0 0 rg BT 547.00 697.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 89.99 686.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 135.66 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.59 686.10 Td (business ) Tj ET Q q 0 0 0 rg BT 183.28 686.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 219.00 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.94 686.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 280.48 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.92 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.69 686.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 319.30 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.24 686.10 Td (including ) Tj ET Q q 0 0 0 rg BT 353.93 686.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 399.61 686.10 Td (for ) Tj ET Q q 0 0 0 rg BT 410.64 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.41 686.10 Td (current ) Tj ET Q q 0 0 0 rg BT 449.60 686.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.12 686.10 Td (year) Tj ET Q q 0 0 0 rg BT 494.85 686.10 Td (, ) Tj ET Q q 0 0 0 rg BT 498.95 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.89 686.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 542.68 686.10 Td (but ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 674.70 Td (are ) Tj ET Q q 0 0 0 rg BT 62.93 674.70 Td (not ) Tj ET Q q 0 0 0 rg BT 75.92 674.70 Td (limited ) Tj ET Q q 0 0 0 rg BT 100.60 674.70 Td (to, ) Tj ET Q q 0 0 0 rg BT 111.44 674.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 151.72 674.70 Td (with ) Tj ET Q q 0 0 0 rg BT 167.74 674.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 195.45 674.70 Td (to ) Tj ET Q q 0 0 0 rg BT 204.12 674.70 Td (Management) Tj ET Q q 0 0 0 rg BT 251.19 674.70 Td (s ) Tj ET Q q 0 0 0 rg BT 257.25 674.70 Td (beliefs, ) Tj ET Q q 0 0 0 rg BT 284.11 674.70 Td (plans, ) Tj ET Q q 0 0 0 rg BT 307.07 674.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 342.58 674.70 Td (and ) Tj ET Q q 0 0 0 rg BT 357.74 674.70 Td (intentions, ) Tj ET Q q 0 0 0 rg BT 395.43 674.70 Td (and ) Tj ET Q q 0 0 0 rg BT 410.60 674.70 Td (similar ) Tj ET Q q 0 0 0 rg BT 435.27 674.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 475.55 674.70 Td (concerning ) Tj ET Q q 0 0 0 rg BT 515.83 674.70 Td (anticipated ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 663.30 Td (future ) Tj ET Q q 0 0 0 rg BT 72.43 663.30 Td (events, ) Tj ET Q q 0 0 0 rg BT 100.55 663.30 Td (results, ) Tj ET Q q 0 0 0 rg BT 128.67 663.30 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 183.63 663.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 230.37 663.30 Td (or ) Tj ET Q q 0 0 0 rg BT 240.30 663.30 Td (expectations ) Tj ET Q q 0 0 0 rg BT 287.05 663.30 Td (that ) Tj ET Q q 0 0 0 rg BT 303.05 663.30 Td (are ) Tj ET Q q 0 0 0 rg BT 317.31 663.30 Td (not ) Tj ET Q q 0 0 0 rg BT 331.14 663.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 364.89 663.30 Td (facts. ) Tj ET Q q 0 0 0 rg BT 386.51 663.30 Td (Statements ) Tj ET Q q 0 0 0 rg BT 428.93 663.30 Td (that ) Tj ET Q q 0 0 0 rg BT 444.93 663.30 Td (contain ) Tj ET Q q 0 0 0 rg BT 473.05 663.30 Td (words ) Tj ET Q q 0 0 0 rg BT 496.83 663.30 Td (such ) Tj ET Q q 0 0 0 rg BT 516.29 663.30 Td (as ) Tj ET Q q 0 0 0 rg BT 527.52 663.30 Td (could, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 651.90 Td (should, ) Tj ET Q q 0 0 0 rg BT 82.27 651.90 Td (would, ) Tj ET Q q 0 0 0 rg BT 112.44 651.90 Td (can, ) Tj ET Q q 0 0 0 rg BT 134.82 651.90 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 177.99 651.90 Td (expect, ) Tj ET Q q 0 0 0 rg BT 210.76 651.90 Td (does ) Tj ET Q q 0 0 0 rg BT 232.71 651.90 Td (not ) Tj ET Q q 0 0 0 rg BT 246.01 651.90 Td (expect, ) Tj ET Q q 0 0 0 rg BT 276.19 651.90 Td (believe, ) Tj ET Q q 0 0 0 rg BT 310.69 651.90 Td (plan, ) Tj ET Q q 0 0 0 rg BT 335.24 651.90 Td (budget, ) Tj ET Q q 0 0 0 rg BT 366.29 651.90 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 407.30 651.90 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 446.56 651.90 Td (intend, ) Tj ET Q q 0 0 0 rg BT 477.60 651.90 Td (project, ) Tj ET Q q 0 0 0 rg BT 510.80 651.90 Td (will, ) Tj ET Q q 0 0 0 rg BT 531.44 651.90 Td (may, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 640.50 Td (might, ) Tj ET Q q 0 0 0 rg BT 78.07 640.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 114.88 640.50 Td (and ) Tj ET Q q 0 0 0 rg BT 130.04 640.50 Td (similar ) Tj ET Q q 0 0 0 rg BT 154.71 640.50 Td (expressions ) Tj ET Q q 0 0 0 rg BT 198.45 640.50 Td (or ) Tj ET Q q 0 0 0 rg BT 207.55 640.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 247.82 640.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 275.54 640.50 Td (to ) Tj ET Q q 0 0 0 rg BT 284.21 640.50 Td (matters ) Tj ET Q q 0 0 0 rg BT 312.35 640.50 Td (that ) Tj ET Q q 0 0 0 rg BT 327.52 640.50 Td (are ) Tj ET Q q 0 0 0 rg BT 340.94 640.50 Td (not ) Tj ET Q q 0 0 0 rg BT 353.94 640.50 Td (historical ) Tj ET Q q 0 0 0 rg BT 386.85 640.50 Td (facts ) Tj ET Q q 0 0 0 rg BT 405.47 640.50 Td (constitute ) Tj ET Q q 0 0 0 rg BT 440.99 640.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 496.41 640.50 Td (statements.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (These ) Tj ET Q q 0 0 0 rg BT 72.78 623.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 127.67 623.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 167.41 623.10 Td (are ) Tj ET Q q 0 0 0 rg BT 180.30 623.10 Td (not ) Tj ET Q q 0 0 0 rg BT 192.77 623.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 233.38 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.51 623.10 Td (future ) Tj ET Q q 0 0 0 rg BT 263.07 623.10 Td (events ) Tj ET Q q 0 0 0 rg BT 287.65 623.10 Td (or ) Tj ET Q q 0 0 0 rg BT 296.21 623.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 341.58 623.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 358.37 623.10 Td (by ) Tj ET Q q 0 0 0 rg BT 368.23 623.10 Td (their ) Tj ET Q q 0 0 0 rg BT 385.02 623.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 410.91 623.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.80 623.10 Td (based ) Tj ET Q q 0 0 0 rg BT 446.66 623.10 Td (on ) Tj ET Q q 0 0 0 rg BT 456.95 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.41 623.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 488.75 623.10 Td (s ) Tj ET Q q 0 0 0 rg BT 494.28 623.10 Td (current ) Tj ET Q q 0 0 0 rg BT 520.16 623.10 Td (estimates ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 611.70 Td (and ) Tj ET Q q 0 0 0 rg BT 64.69 611.70 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 112.79 611.70 Td (which ) Tj ET Q q 0 0 0 rg BT 134.90 611.70 Td (are ) Tj ET Q q 0 0 0 rg BT 148.35 611.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 175.24 611.70 Td (to ) Tj ET Q q 0 0 0 rg BT 183.93 611.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 220.77 611.70 Td (risks ) Tj ET Q q 0 0 0 rg BT 238.98 611.70 Td (and ) Tj ET Q q 0 0 0 rg BT 254.17 611.70 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 302.57 611.70 Td (The ) Tj ET Q q 0 0 0 rg BT 318.19 611.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 335.80 611.70 Td ( ) Tj ET Q q 0 0 0 rg BT 338.00 611.70 Td (believes ) Tj ET Q q 0 0 0 rg BT 368.78 611.70 Td (that ) Tj ET Q q 0 0 0 rg BT 383.97 611.70 Td (these ) Tj ET Q q 0 0 0 rg BT 405.22 611.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 445.53 611.70 Td (are ) Tj ET Q q 0 0 0 rg BT 458.98 611.70 Td (made ) Tj ET Q q 0 0 0 rg BT 480.67 611.70 Td (based ) Tj ET Q q 0 0 0 rg BT 504.09 611.70 Td (on ) Tj ET Q q 0 0 0 rg BT 514.95 611.70 Td (reasonable ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 600.30 Td (assumptions; ) Tj ET Q q 0 0 0 rg BT 96.92 600.30 Td (however) Tj ET Q q 0 0 0 rg BT 125.93 600.30 Td (, ) Tj ET Q q 0 0 0 rg BT 129.61 600.30 Td (there ) Tj ET Q q 0 0 0 rg BT 148.88 600.30 Td (is ) Tj ET Q q 0 0 0 rg BT 156.02 600.30 Td (no ) Tj ET Q q 0 0 0 rg BT 166.19 600.30 Td (assurance ) Tj ET Q q 0 0 0 rg BT 203.65 600.30 Td (that ) Tj ET Q q 0 0 0 rg BT 218.16 600.30 Td (the ) Tj ET Q q 0 0 0 rg BT 230.50 600.30 Td (events ) Tj ET Q q 0 0 0 rg BT 254.97 600.30 Td (or ) Tj ET Q q 0 0 0 rg BT 263.41 600.30 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 314.72 600.30 Td (reflected ) Tj ET Q q 0 0 0 rg BT 346.11 600.30 Td (in ) Tj ET Q q 0 0 0 rg BT 353.69 600.30 Td (these ) Tj ET Q q 0 0 0 rg BT 374.26 600.30 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 429.02 600.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 468.65 600.30 Td (will ) Tj ET Q q 0 0 0 rg BT 480.97 600.30 Td (occur ) Tj ET Q q 0 0 0 rg BT 501.53 600.30 Td (or ) Tj ET Q q 0 0 0 rg BT 509.97 600.30 Td (be ) Tj ET Q q 0 0 0 rg BT 520.15 600.30 Td (achieved. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 588.90 Td (A) Tj ET Q q 0 0 0 rg BT 54.27 588.90 Td ( ) Tj ET Q q 0 0 0 rg BT 56.93 588.90 Td (number ) Tj ET Q q 0 0 0 rg BT 86.01 588.90 Td (of ) Tj ET Q q 0 0 0 rg BT 95.17 588.90 Td (factors ) Tj ET Q q 0 0 0 rg BT 121.22 588.90 Td (could ) Tj ET Q q 0 0 0 rg BT 142.50 588.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 165.96 588.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 189.41 588.90 Td (results ) Tj ET Q q 0 0 0 rg BT 215.02 588.90 Td (to ) Tj ET Q q 0 0 0 rg BT 224.18 588.90 Td (dif) Tj ET Q q 0 0 0 rg BT 232.28 588.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 244.03 588.90 Td (materially ) Tj ET Q q 0 0 0 rg BT 280.03 588.90 Td (from ) Tj ET Q q 0 0 0 rg BT 298.27 588.90 Td (the ) Tj ET Q q 0 0 0 rg BT 311.77 588.90 Td (results ) Tj ET Q q 0 0 0 rg BT 337.38 588.90 Td (discussed ) Tj ET Q q 0 0 0 rg BT 374.69 588.90 Td (in ) Tj ET Q q 0 0 0 rg BT 383.41 588.90 Td (the ) Tj ET Q q 0 0 0 rg BT 396.91 588.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 452.82 588.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 493.60 588.90 Td (including, ) Tj ET Q q 0 0 0 rg BT 529.18 588.90 Td (but ) Tj ET Q q 0 0 0 rg BT 542.67 588.90 Td (not ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 577.50 Td (limited ) Tj ET Q q 0 0 0 rg BT 74.79 577.50 Td (to ) Tj ET Q q 0 0 0 rg BT 84.06 577.50 Td (the ) Tj ET Q q 0 0 0 rg BT 97.67 577.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 116.46 577.50 Td (that ) Tj ET Q q 0 0 0 rg BT 132.23 577.50 Td (are ) Tj ET Q q 0 0 0 rg BT 146.26 577.50 Td (more ) Tj ET Q q 0 0 0 rg BT 166.79 577.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 183.42 577.50 Td (discussed ) Tj ET Q q 0 0 0 rg BT 220.84 577.50 Td (under ) Tj ET Q q 0 0 0 rg BT 243.54 577.50 Td (the ) Tj ET Q q 0 0 0 rg BT 257.14 577.50 Td () Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 259.74 577.50 Td (Risk ) Tj ET Q q 0 0 0 rg BT 277.66 577.50 Td (Factors) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 303.63 577.50 Td ( ) Tj ET Q q 0 0 0 rg BT 309.00 577.50 Td (section ) Tj ET Q q 0 0 0 rg BT 336.46 577.50 Td (of ) Tj ET Q q 0 0 0 rg BT 345.74 577.50 Td (the ) Tj ET Q q 0 0 0 rg BT 359.34 577.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 385.51 577.50 Td (information ) Tj ET Q q 0 0 0 rg BT 426.83 577.50 Td (form ) Tj ET Q q 0 0 0 rg BT 445.18 577.50 Td (of ) Tj ET Q q 0 0 0 rg BT 454.46 577.50 Td (the ) Tj ET Q q 0 0 0 rg BT 468.06 577.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 485.67 577.50 Td ( ) Tj ET Q q 0 0 0 rg BT 488.45 577.50 Td (for ) Tj ET Q q 0 0 0 rg BT 500.31 577.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 513.92 577.50 Td (year ) Tj ET Q q 0 0 0 rg BT 531.85 577.50 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (December ) Tj ET Q q 0 0 0 rg BT 87.71 566.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 100.82 566.10 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 118.15 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.43 566.10 Td (\(Annual ) Tj ET Q q 0 0 0 rg BT 152.15 566.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 193.40 566.10 Td (Form\). ) Tj ET Q q 0 0 0 rg BT 221.20 566.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 249.46 566.10 Td (that ) Tj ET Q q 0 0 0 rg BT 264.73 566.10 Td (could ) Tj ET Q q 0 0 0 rg BT 285.63 566.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 308.70 566.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 331.77 566.10 Td (results ) Tj ET Q q 0 0 0 rg BT 357.00 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.77 566.10 Td (dif) Tj ET Q q 0 0 0 rg BT 373.87 566.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 385.24 566.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 420.85 566.10 Td (from ) Tj ET Q q 0 0 0 rg BT 438.71 566.10 Td (those ) Tj ET Q q 0 0 0 rg BT 460.05 566.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 509.10 566.10 Td (or ) Tj ET Q q 0 0 0 rg BT 518.30 566.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 545.26 566.10 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 554.70 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 105.26 554.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 145.88 554.70 Td (include, ) Tj ET Q q 0 0 0 rg BT 175.24 554.70 Td (but ) Tj ET Q q 0 0 0 rg BT 188.58 554.70 Td (are ) Tj ET Q q 0 0 0 rg BT 202.35 554.70 Td (not ) Tj ET Q q 0 0 0 rg BT 215.69 554.70 Td (limited ) Tj ET Q q 0 0 0 rg BT 240.71 554.70 Td (to: ) Tj ET Q q 0 0 0 rg BT 251.88 554.70 Td (risks ) Tj ET Q q 0 0 0 rg BT 270.40 554.70 Td (incidental ) Tj ET Q q 0 0 0 rg BT 305.82 554.70 Td (to ) Tj ET Q q 0 0 0 rg BT 314.83 554.70 Td (ownership ) Tj ET Q q 0 0 0 rg BT 352.84 554.70 Td (and ) Tj ET Q q 0 0 0 rg BT 368.35 554.70 Td (operation ) Tj ET Q q 0 0 0 rg BT 403.34 554.70 Td (of ) Tj ET Q q 0 0 0 rg BT 412.35 554.70 Td (real ) Tj ET Q q 0 0 0 rg BT 427.84 554.70 Td (estate ) Tj ET Q q 0 0 0 rg BT 451.58 554.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 488.73 554.70 Td (including ) Tj ET Q q 0 0 0 rg BT 521.98 554.70 Td (local ) Tj ET Q q 0 0 0 rg BT 540.51 554.70 Td (real ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 543.30 Td (estate ) Tj ET Q q 0 0 0 rg BT 72.45 543.30 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 111.42 543.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.73 543.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 159.47 543.30 Td (related ) Tj ET Q q 0 0 0 rg BT 185.02 543.30 Td (to ) Tj ET Q q 0 0 0 rg BT 193.24 543.30 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 226.58 543.30 Td (available ) Tj ET Q q 0 0 0 rg BT 259.06 543.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 281.57 543.30 Td (and ) Tj ET Q q 0 0 0 rg BT 296.30 543.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 313.18 543.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 346.10 543.30 Td (at ) Tj ET Q q 0 0 0 rg BT 354.32 543.30 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 394.59 543.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 414.50 543.30 Td (and ) Tj ET Q q 0 0 0 rg BT 429.22 543.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 456.50 543.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 471.65 543.30 Td (fluctuations; ) Tj ET Q q 0 0 0 rg BT 514.96 543.30 Td (operational ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 531.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 68.11 531.90 Td (including ) Tj ET Q q 0 0 0 rg BT 101.45 531.90 Td (timely ) Tj ET Q q 0 0 0 rg BT 124.39 531.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 151.67 531.90 Td (of ) Tj ET Q q 0 0 0 rg BT 160.77 531.90 Td (vacant ) Tj ET Q q 0 0 0 rg BT 186.32 531.90 Td (space ) Tj ET Q q 0 0 0 rg BT 209.70 531.90 Td (and ) Tj ET Q q 0 0 0 rg BT 225.29 531.90 Td (re-leasing ) Tj ET Q q 0 0 0 rg BT 262.09 531.90 Td (of ) Tj ET Q q 0 0 0 rg BT 271.18 531.90 Td (occupied ) Tj ET Q q 0 0 0 rg BT 304.96 531.90 Td (space ) Tj ET Q q 0 0 0 rg BT 328.35 531.90 Td (on ) Tj ET Q q 0 0 0 rg BT 339.61 531.90 Td (expiration ) Tj ET Q q 0 0 0 rg BT 375.98 531.90 Td (of ) Tj ET Q q 0 0 0 rg BT 385.07 531.90 Td (current ) Tj ET Q q 0 0 0 rg BT 411.91 531.90 Td (leases ) Tj ET Q q 0 0 0 rg BT 437.03 531.90 Td (on ) Tj ET Q q 0 0 0 rg BT 448.29 531.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 470.36 531.90 Td (at ) Tj ET Q q 0 0 0 rg BT 479.45 531.90 Td (current ) Tj ET Q q 0 0 0 rg BT 506.29 531.90 Td (or ) Tj ET Q q 0 0 0 rg BT 515.81 531.90 Td (anticipated ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 520.50 Td (rental ) Tj ET Q q 0 0 0 rg BT 70.20 520.50 Td (rates; ) Tj ET Q q 0 0 0 rg BT 90.91 520.50 Td (tenant ) Tj ET Q q 0 0 0 rg BT 113.78 520.50 Td (defaults ) Tj ET Q q 0 0 0 rg BT 142.29 520.50 Td (and ) Tj ET Q q 0 0 0 rg BT 156.50 520.50 Td (bankruptcies; ) Tj ET Q q 0 0 0 rg BT 204.06 520.50 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 249.45 520.50 Td (of ) Tj ET Q q 0 0 0 rg BT 257.16 520.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 295.19 520.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 326.29 520.50 Td (including ) Tj ET Q q 0 0 0 rg BT 358.25 520.50 Td (availability ) Tj ET Q q 0 0 0 rg BT 395.41 520.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.13 520.50 Td (suitable ) Tj ET Q q 0 0 0 rg BT 431.19 520.50 Td (property ) Tj ET Q q 0 0 0 rg BT 460.99 520.50 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 502.91 520.50 Td (and ) Tj ET Q q 0 0 0 rg BT 517.13 520.50 Td (integration ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 57.82 509.10 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 102.53 509.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 144.20 509.10 Td (including ) Tj ET Q q 0 0 0 rg BT 176.77 509.10 Td (development ) Tj ET Q q 0 0 0 rg BT 223.21 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.53 509.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 268.00 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.89 509.10 Td (close ) Tj ET Q q 0 0 0 rg BT 295.90 509.10 Td (proximity ) Tj ET Q q 0 0 0 rg BT 328.90 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.22 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.88 509.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 369.22 509.10 Td (s ) Tj ET Q q 0 0 0 rg BT 374.94 509.10 Td (properties; ) Tj ET Q q 0 0 0 rg BT 413.58 509.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 429.26 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.58 509.10 Td (key ) Tj ET Q q 0 0 0 rg BT 451.53 509.10 Td (management ) Tj ET Q q 0 0 0 rg BT 498.83 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.66 509.10 Td (employees; ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 497.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 81.25 497.70 Td (environmental ) Tj ET Q q 0 0 0 rg BT 132.48 497.70 Td (liabilities; ) Tj ET Q q 0 0 0 rg BT 166.38 497.70 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 210.68 497.70 Td (events, ) Tj ET Q q 0 0 0 rg BT 238.10 497.70 Td (such ) Tj ET Q q 0 0 0 rg BT 256.85 497.70 Td (as ) Tj ET Q q 0 0 0 rg BT 267.37 497.70 Td (earthquakes ) Tj ET Q q 0 0 0 rg BT 312.55 497.70 Td (and ) Tj ET Q q 0 0 0 rg BT 327.84 497.70 Td (hurricanes; ) Tj ET Q q 0 0 0 rg BT 368.67 497.70 Td (governmental, ) Tj ET Q q 0 0 0 rg BT 420.34 497.70 Td (taxation ) Tj ET Q q 0 0 0 rg BT 449.92 497.70 Td (and ) Tj ET Q q 0 0 0 rg BT 465.21 497.70 Td (other ) Tj ET Q q 0 0 0 rg BT 485.26 497.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 522.20 497.70 Td (risks ) Tj ET Q q 0 0 0 rg BT 540.50 497.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 486.30 Td (litigation ) Tj ET Q q 0 0 0 rg BT 80.25 486.30 Td (risks. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 468.90 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 107.74 468.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 148.25 468.90 Td (included ) Tj ET Q q 0 0 0 rg BT 179.66 468.90 Td (in ) Tj ET Q q 0 0 0 rg BT 188.12 468.90 Td (this ) Tj ET Q q 0 0 0 rg BT 202.64 468.90 Td (MD&A) Tj ET Q q 0 0 0 rg BT 224.72 468.90 Td ( ) Tj ET Q q 0 0 0 rg BT 227.11 468.90 Td (are ) Tj ET Q q 0 0 0 rg BT 240.77 468.90 Td (made ) Tj ET Q q 0 0 0 rg BT 262.65 468.90 Td (as ) Tj ET Q q 0 0 0 rg BT 273.27 468.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.17 468.90 Td (November3, ) Tj ET Q q 0 0 0 rg BT 329.16 468.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 346.49 468.90 Td ( ) Tj ET Q q 0 0 0 rg BT 348.88 468.90 Td (and ) Tj ET Q q 0 0 0 rg BT 364.28 468.90 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 406.08 468.90 Td (are ) Tj ET Q q 0 0 0 rg BT 419.73 468.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 446.81 468.90 Td (to ) Tj ET Q q 0 0 0 rg BT 455.71 468.90 Td (change ) Tj ET Q q 0 0 0 rg BT 483.66 468.90 Td (after ) Tj ET Q q 0 0 0 rg BT 501.65 468.90 Td (such ) Tj ET Q q 0 0 0 rg BT 520.50 468.90 Td (date. ) Tj ET Q q 0 0 0 rg BT 540.08 468.90 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 457.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 67.11 457.50 Td ( ) Tj ET Q q 0 0 0 rg BT 69.51 457.50 Td (does ) Tj ET Q q 0 0 0 rg BT 88.81 457.50 Td (not ) Tj ET Q q 0 0 0 rg BT 102.05 457.50 Td (undertake ) Tj ET Q q 0 0 0 rg BT 139.10 457.50 Td (to ) Tj ET Q q 0 0 0 rg BT 148.01 457.50 Td (update ) Tj ET Q q 0 0 0 rg BT 174.24 457.50 Td (any ) Tj ET Q q 0 0 0 rg BT 189.21 457.50 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 244.86 457.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 285.38 457.50 Td (that ) Tj ET Q q 0 0 0 rg BT 300.78 457.50 Td (are ) Tj ET Q q 0 0 0 rg BT 314.44 457.50 Td (included ) Tj ET Q q 0 0 0 rg BT 345.87 457.50 Td (in ) Tj ET Q q 0 0 0 rg BT 354.34 457.50 Td (this ) Tj ET Q q 0 0 0 rg BT 368.87 457.50 Td (MD&A, ) Tj ET Q q 0 0 0 rg BT 395.94 457.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 426.06 457.50 Td (as ) Tj ET Q q 0 0 0 rg BT 436.69 457.50 Td (a ) Tj ET Q q 0 0 0 rg BT 443.43 457.50 Td (result ) Tj ET Q q 0 0 0 rg BT 464.88 457.50 Td (of ) Tj ET Q q 0 0 0 rg BT 473.79 457.50 Td (new ) Tj ET Q q 0 0 0 rg BT 490.48 457.50 Td (information, ) Tj ET Q q 0 0 0 rg BT 533.59 457.50 Td (future ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (events ) Tj ET Q q 0 0 0 rg BT 73.80 446.10 Td (or ) Tj ET Q q 0 0 0 rg BT 82.06 446.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 118.91 446.10 Td (except ) Tj ET Q q 0 0 0 rg BT 143.21 446.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.78 446.10 Td (expressly ) Tj ET Q q 0 0 0 rg BT 187.02 446.10 Td (required ) Tj ET Q q 0 0 0 rg BT 216.94 446.10 Td (by ) Tj ET Q q 0 0 0 rg BT 226.51 446.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 262.94 446.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 297.18 446.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 316.27 446.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 342.72 446.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 382.18 446.10 Td (included ) Tj ET Q q 0 0 0 rg BT 412.54 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.94 446.10 Td (this ) Tj ET Q q 0 0 0 rg BT 433.41 446.10 Td (MD&A) Tj ET Q q 0 0 0 rg BT 455.48 446.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.82 446.10 Td (may ) Tj ET Q q 0 0 0 rg BT 472.88 446.10 Td (be ) Tj ET Q q 0 0 0 rg BT 482.89 446.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 522.34 446.10 Td (financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 434.70 Td (outlook ) Tj ET Q q 0 0 0 rg BT 79.30 434.70 Td (for ) Tj ET Q q 0 0 0 rg BT 90.47 434.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 124.59 434.70 Td (of ) Tj ET Q q 0 0 0 rg BT 133.17 434.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 170.33 434.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 205.32 434.70 Td (laws, ) Tj ET Q q 0 0 0 rg BT 225.15 434.70 Td (and ) Tj ET Q q 0 0 0 rg BT 240.22 434.70 Td (such ) Tj ET Q q 0 0 0 rg BT 258.76 434.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.42 434.70 Td (outlook ) Tj ET Q q 0 0 0 rg BT 316.62 434.70 Td (may ) Tj ET Q q 0 0 0 rg BT 333.42 434.70 Td (not ) Tj ET Q q 0 0 0 rg BT 346.33 434.70 Td (be ) Tj ET Q q 0 0 0 rg BT 357.08 434.70 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 398.56 434.70 Td (for ) Tj ET Q q 0 0 0 rg BT 409.74 434.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 443.86 434.70 Td (other ) Tj ET Q q 0 0 0 rg BT 463.70 434.70 Td (than ) Tj ET Q q 0 0 0 rg BT 480.94 434.70 Td (this ) Tj ET Q q 0 0 0 rg BT 495.15 434.70 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 521.89 434.70 Td (Investors ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 423.30 Td (are ) Tj ET Q q 0 0 0 rg BT 62.92 423.30 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 98.88 423.30 Td (against ) Tj ET Q q 0 0 0 rg BT 126.17 423.30 Td (placing ) Tj ET Q q 0 0 0 rg BT 153.02 423.30 Td (undue ) Tj ET Q q 0 0 0 rg BT 176.85 423.30 Td (reliance ) Tj ET Q q 0 0 0 rg BT 206.30 423.30 Td (on ) Tj ET Q q 0 0 0 rg BT 217.13 423.30 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 272.55 423.30 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 50.00 740.30 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 102.83 740.30 Td ( ) Tj ET Q q 0 0 0 rg BT 105.21 740.30 Td (AND INFORMA) Tj ET Q q 0 0 0 rg BT 174.44 740.30 Td (TIONAL) Tj ET Q q 0 0 0 rg BT 210.89 740.30 Td ( HIGHLIGHTS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 728.90 Td (\(in thousands of dollars\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 133.15 728.90 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 718.4 m 253.5 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 694.4 m 253.5 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 718.4 m 313.5 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 694.4 m 313.5 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 718.4 m 373.5 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 694.4 m 373.5 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 718.4 m 433.5 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 694.4 m 433.5 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 718.4 m 493.5 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.5 694.4 m 493.5 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 718.4 m 553.5 718.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 694.4 m 553.5 694.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 610.4 m 253.5 610.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 610.4 m 313.5 610.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 610.4 m 373.5 610.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 610.4 m 433.5 610.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 610.4 m 493.5 610.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 610.4 m 553.5 610.4 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.70 708.43 Td (September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.65 698.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.10 708.43 Td (June 30, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 352.65 698.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 395.35 708.43 Td (March 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.65 698.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.05 708.43 Td (December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.65 698.93 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 498.85 708.43 Td (September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.65 698.93 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 684.93 Td (Summary of Portfolio Information) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 670.93 Td (Number of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.35 670.93 Td (35) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.35 670.93 Td (34) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.35 670.93 Td (34) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.35 670.93 Td (34) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.35 670.93 Td (48) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 656.93 Td (Gross leasable area \("GLA"\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 271.35 656.93 Td (4,990,052) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.35 656.93 Td (4,727,414) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.35 656.93 Td (4,436,293) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.35 656.93 Td (4,436,293) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.35 656.93 Td (5,054,812) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 642.93 Td (Total assets) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.00 642.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 271.35 642.93 Td (1,020,671) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.00 642.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 337.85 642.93 Td (926,179) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.00 642.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.85 642.93 Td (817,233) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 436.00 642.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.85 642.93 Td (812,995) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 496.00 642.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.85 642.93 Td (813,571) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 628.93 Td (Total debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.00 628.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 277.85 628.93 Td (603,671) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.00 628.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 337.85 628.93 Td (564,882) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.00 628.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.85 628.93 Td (493,496) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 436.00 628.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.85 628.93 Td (495,604) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 496.00 628.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.85 628.93 Td (498,573) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 614.93 Td (Occupancy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.85 614.93 Td (86.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.05 614.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.85 614.93 Td (85.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 366.05 614.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.85 614.93 Td (85.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.05 614.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.85 614.93 Td (85.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.05 614.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.85 614.93 Td (89.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.05 614.93 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 49.75 600.4 m 252.75 600.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.75 600.4 m 312.75 600.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.75 600.4 m 372.75 600.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.75 600.4 m 432.75 600.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 600.4 m 492.75 600.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.75 600.4 m 552.75 600.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.75 562.4 m 252.75 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.75 562.4 m 312.75 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 312.75 562.4 m 372.75 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.75 562.4 m 432.75 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.75 562.4 m 492.75 562.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.75 562.4 m 552.75 562.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 338.4 m 252.75 338.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.75 338.4 m 312.75 338.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.75 338.4 m 372.75 338.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.75 338.4 m 432.75 338.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 338.4 m 492.75 338.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.75 338.4 m 552.75 338.4 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.35 590.93 Td (Three months ended) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.95 576.43 Td (September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.90 566.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.35 576.43 Td (June 30, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 351.90 566.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.60 576.43 Td (March 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.90 566.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.30 576.43 Td (December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.90 566.93 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 498.10 576.43 Td (September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.90 566.93 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.25 552.93 Td (Summary of Financial Information) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 538.93 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.25 538.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.45 538.93 Td (31,330) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.25 538.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.45 538.93 Td (28,197) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.25 538.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.45 538.93 Td (27,569) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.25 538.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.45 538.93 Td (29,939) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.25 538.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.45 538.93 Td (29,133) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 524.93 Td (Net operating income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.45 524.93 Td (14,449) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.45 524.93 Td (12,760) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.45 524.93 Td (11,774) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.45 524.93 Td (12,326) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.45 524.93 Td (13,887) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 510.93 Td (Net income and comprehensive income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.80 510.93 Td (2,984) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.45 510.93 Td (15,244) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.80 510.93 Td (3,621) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.45 510.93 Td (13,201) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 525.80 510.93 Td (4,830) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 496.93 Td (Funds from operations \("FFO"\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.80 496.93 Td (9,989) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.80 496.93 Td (9,078) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.80 496.93 Td (8,173) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.80 496.93 Td (7,513) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 525.80 496.93 Td (9,526) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 482.93 Td (Core FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.45 482.93 Td (10,507) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.80 482.93 Td (9,588) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.80 482.93 Td (8,676) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.80 482.93 Td (8,528) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 525.80 482.93 Td (9,867) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 468.93 Td (Adjusted FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.80 468.93 Td (9,004) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.80 468.93 Td (8,192) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.80 468.93 Td (7,338) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.80 468.93 Td (7,409) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 525.80 468.93 Td (8,294) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.25 440.93 Td (Per Unit Financial Information) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 426.93 Td (Weighted average diluted number of trust units \(000s\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.45 426.93 Td (41,449) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.45 426.93 Td (35,674) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.45 426.93 Td (35,334) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.45 426.93 Td (35,519) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.45 426.93 Td (35,567) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 412.93 Td (FFO per unit) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.25 412.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.10 412.93 Td (0.24) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.25 412.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.10 412.93 Td (0.25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.25 412.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.10 412.93 Td (0.23) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.25 412.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.10 412.93 Td (0.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.25 412.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.10 412.93 Td (0.27) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 398.93 Td (Core FFO per unit) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.10 398.93 Td (0.25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.10 398.93 Td (0.27) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.10 398.93 Td (0.25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.10 398.93 Td (0.24) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.10 398.93 Td (0.28) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 384.93 Td (AFFO per unit) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.10 384.93 Td (0.22) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.10 384.93 Td (0.23) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.10 384.93 Td (0.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.10 384.93 Td (0.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.10 384.93 Td (0.23) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 370.93 Td (Distributions per unit) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.45 370.93 Td (0.1875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.45 370.93 Td (0.1875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.45 370.93 Td (0.1875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.45 370.93 Td (0.1875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.45 370.93 Td (0.1875) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 356.93 Td (FFO pay-out ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.10 356.93 Td (78.7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.30 356.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.10 356.93 Td (76.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.30 356.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.10 356.93 Td (81.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.30 356.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.10 356.93 Td (88.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.30 356.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.10 356.93 Td (70.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.30 356.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 342.93 Td (AFFO pay-out ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.10 342.93 Td (87.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.30 342.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.10 342.93 Td (84.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.30 342.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.10 342.93 Td (90.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.30 342.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.10 342.93 Td (89.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.30 342.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.10 342.93 Td (80.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.30 342.93 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 49.75 328.4 m 252.75 328.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.75 304.4 m 252.75 304.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.75 328.4 m 312.75 328.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 252.75 304.4 m 312.75 304.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.75 328.4 m 372.75 328.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 312.75 304.4 m 372.75 304.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.75 328.4 m 432.75 328.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.75 304.4 m 432.75 304.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 328.4 m 492.75 328.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.75 304.4 m 492.75 304.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.75 328.4 m 552.75 328.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 492.75 304.4 m 552.75 304.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 244.39999999999998 m 252.75 244.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252.75 244.39999999999998 m 312.75 244.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.75 244.39999999999998 m 372.75 244.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.75 244.39999999999998 m 432.75 244.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.75 244.39999999999998 m 492.75 244.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.75 244.39999999999998 m 552.75 244.39999999999998 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.95 318.43 Td (September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.90 308.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.35 318.43 Td (June 30, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 351.90 308.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.60 318.43 Td (March 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.90 308.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.30 318.43 Td (December 31,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.90 308.93 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 498.10 318.43 Td (September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.90 308.93 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.25 293.93 Td (Financial Data) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 278.93 Td (Weighted average debt interest rate) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.45 278.93 Td (3.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.30 278.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 354.45 278.93 Td (3.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.30 278.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 414.45 278.93 Td (3.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.30 278.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.45 278.93 Td (3.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.30 278.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.45 278.93 Td (3.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.30 278.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 263.93 Td (Interest coverage ratio \(times\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.05 263.93 Td (3.2x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 354.50 263.93 Td (3.3x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 414.50 263.93 Td (3.2x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 263.93 Td (3.0x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.50 263.93 Td (3.0x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 248.93 Td (Net debt to adjusted EBITDA ratio \(times\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.05 248.93 Td (9.8x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.15 248.93 Td (10.2x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 414.50 248.93 Td (9.7x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.50 248.93 Td (9.4x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.50 248.93 Td (9.4x) Tj ET Q BT /F1 10.00 Tf ET 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 50.00 722.90 Td (INTRODUCTION) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 705.50 Td (This ) Tj ET Q q 0 0 0 rg BT 67.10 705.50 Td (Management) Tj ET Q q 0 0 0 rg BT 114.17 705.50 Td (s ) Tj ET Q q 0 0 0 rg BT 120.44 705.50 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 160.48 705.50 Td (and ) Tj ET Q q 0 0 0 rg BT 175.39 705.50 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 206.78 705.50 Td (\(MD&A\) ) Tj ET Q q 0 0 0 rg BT 242.03 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 250.91 705.50 Td (the ) Tj ET Q q 0 0 0 rg BT 264.12 705.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 295.08 705.50 Td (position ) Tj ET Q q 0 0 0 rg BT 324.31 705.50 Td (and ) Tj ET Q q 0 0 0 rg BT 339.69 705.50 Td (results ) Tj ET Q q 0 0 0 rg BT 365.02 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 373.89 705.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 412.65 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 421.53 705.50 Td (Slate ) Tj ET Q q 0 0 0 rg BT 441.67 705.50 Td (Of) Tj ET Q q 0 0 0 rg BT 449.76 705.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 464.26 705.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 481.87 705.50 Td ( ) Tj ET Q q 0 0 0 rg BT 484.25 705.50 Td (\(TSX: ) Tj ET Q q 0 0 0 rg BT 506.54 705.50 Td (SOT) Tj ET Q q 0 0 0 rg BT 521.69 705.50 Td (.UN\) ) Tj ET Q q 0 0 0 rg BT 540.08 705.50 Td (\(the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (REIT\) ) Tj ET Q q 0 0 0 rg BT 77.28 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 84.66 694.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 116.30 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.55 694.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 151.86 694.10 Td (readers ) Tj ET Q q 0 0 0 rg BT 180.02 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 195.63 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 206.04 694.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 249.37 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.62 694.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 303.11 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.86 694.10 Td (summarize ) Tj ET Q q 0 0 0 rg BT 357.71 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.29 694.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.63 694.10 Td (position ) Tj ET Q q 0 0 0 rg BT 429.23 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.99 694.10 Td (results ) Tj ET Q q 0 0 0 rg BT 468.69 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.94 694.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 515.07 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.33 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.91 694.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 553.52 694.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 682.70 Td (for ) Tj ET Q q 0 0 0 rg BT 62.30 682.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.35 682.70 Td (three ) Tj ET Q q 0 0 0 rg BT 97.32 682.70 Td (and ) Tj ET Q q 0 0 0 rg BT 113.53 682.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 131.47 682.70 Td (months ) Tj ET Q q 0 0 0 rg BT 160.23 682.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 185.10 682.70 Td (September ) Tj ET Q q 0 0 0 rg BT 226.42 682.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 240.47 682.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 257.80 682.70 Td (. ) Tj ET Q q 0 0 0 rg BT 262.97 682.70 Td (The ) Tj ET Q q 0 0 0 rg BT 279.61 682.70 Td (presentation ) Tj ET Q q 0 0 0 rg BT 325.70 682.70 Td (of ) Tj ET Q q 0 0 0 rg BT 335.41 682.70 Td (the ) Tj ET Q q 0 0 0 rg BT 349.46 682.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 368.80 682.70 Td (s ) Tj ET Q q 0 0 0 rg BT 375.90 682.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 407.70 682.70 Td (results, ) Tj ET Q q 0 0 0 rg BT 436.03 682.70 Td (including ) Tj ET Q q 0 0 0 rg BT 469.99 682.70 Td (the ) Tj ET Q q 0 0 0 rg BT 484.03 682.70 Td (related ) Tj ET Q q 0 0 0 rg BT 511.07 682.70 Td (comparative ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 671.30 Td (information, ) Tj ET Q q 0 0 0 rg BT 93.10 671.30 Td (contained ) Tj ET Q q 0 0 0 rg BT 129.28 671.30 Td (in ) Tj ET Q q 0 0 0 rg BT 137.73 671.30 Td (this ) Tj ET Q q 0 0 0 rg BT 152.25 671.30 Td (MD&A) Tj ET Q q 0 0 0 rg BT 174.32 671.30 Td ( ) Tj ET Q q 0 0 0 rg BT 176.71 671.30 Td (are ) Tj ET Q q 0 0 0 rg BT 190.36 671.30 Td (based ) Tj ET Q q 0 0 0 rg BT 213.98 671.30 Td (on ) Tj ET Q q 0 0 0 rg BT 225.03 671.30 Td (the ) Tj ET Q q 0 0 0 rg BT 238.26 671.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 257.60 671.30 Td (s ) Tj ET Q q 0 0 0 rg BT 263.88 671.30 Td (condensed ) Tj ET Q q 0 0 0 rg BT 304.39 671.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 350.53 671.30 Td (interim ) Tj ET Q q 0 0 0 rg BT 376.30 671.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 407.27 671.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 447.78 671.30 Td (as ) Tj ET Q q 0 0 0 rg BT 458.40 671.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 467.29 671.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 520.78 671.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.11 671.30 Td ( ) Tj ET Q q 0 0 0 rg BT 540.50 671.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 659.90 Td (for ) Tj ET Q q 0 0 0 rg BT 62.42 659.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.58 659.90 Td (three ) Tj ET Q q 0 0 0 rg BT 97.67 659.90 Td (and ) Tj ET Q q 0 0 0 rg BT 113.99 659.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 132.05 659.90 Td (months ) Tj ET Q q 0 0 0 rg BT 160.93 659.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 185.92 659.90 Td (September ) Tj ET Q q 0 0 0 rg BT 227.36 659.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 241.52 659.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 258.85 659.90 Td ( ) Tj ET Q q 0 0 0 rg BT 262.17 659.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 278.50 659.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 295.83 659.90 Td ( ) Tj ET Q q 0 0 0 rg BT 299.16 659.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 315.91 659.90 Td ("consolidated ) Tj ET Q q 0 0 0 rg BT 365.75 659.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 397.67 659.90 Td (statements"\), ) Tj ET Q q 0 0 0 rg BT 446.63 659.90 Td (which ) Tj ET Q q 0 0 0 rg BT 469.88 659.90 Td (have ) Tj ET Q q 0 0 0 rg BT 490.10 659.90 Td (been ) Tj ET Q q 0 0 0 rg BT 510.76 659.90 Td (prepared ) Tj ET Q q 0 0 0 rg BT 545.27 659.90 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 648.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 97.31 648.50 Td (in ) Tj ET Q q 0 0 0 rg BT 105.20 648.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 147.31 648.50 Td (with ) Tj ET Q q 0 0 0 rg BT 163.00 648.50 Td (International ) Tj ET Q q 0 0 0 rg BT 207.71 648.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 240.73 648.50 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 276.33 648.50 Td (Standards ) Tj ET Q q 0 0 0 rg BT 313.68 648.50 Td (\("IFRS"\). ) Tj ET Q q 0 0 0 rg BT 346.03 648.50 Td (This ) Tj ET Q q 0 0 0 rg BT 362.58 648.50 Td (MD&A) Tj ET Q q 0 0 0 rg BT 384.65 648.50 Td ( ) Tj ET Q q 0 0 0 rg BT 386.49 648.50 Td (should ) Tj ET Q q 0 0 0 rg BT 411.28 648.50 Td (be ) Tj ET Q q 0 0 0 rg BT 421.78 648.50 Td (read ) Tj ET Q q 0 0 0 rg BT 439.20 648.50 Td (in ) Tj ET Q q 0 0 0 rg BT 447.10 648.50 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 488.35 648.50 Td (with ) Tj ET Q q 0 0 0 rg BT 504.03 648.50 Td (those ) Tj ET Q q 0 0 0 rg BT 524.93 648.50 Td (financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 92.02 637.10 Td (All ) Tj ET Q q 0 0 0 rg BT 102.84 637.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 134.89 637.10 Td (are ) Tj ET Q q 0 0 0 rg BT 148.32 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.54 637.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 194.67 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.33 637.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 238.85 637.10 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 266.13 637.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 290.81 637.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 326.32 637.10 Td (noted. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 619.70 Td (The information contained in this MD&A) Tj ET Q q 0 0 0 rg BT 186.85 619.70 Td ( is based on information available to the REIT) Tj ET Q q 0 0 0 rg BT 343.93 619.70 Td ( and is dated as of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.78 619.70 Td (November3, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 473.87 619.70 Td (, which is also the date ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 608.30 Td (the Board of ) Tj ET Q q 0 0 0 rg BT 94.48 608.30 Td (T) Tj ET Q q 0 0 0 rg BT 98.96 608.30 Td (rustees, upon the recommendation of its ) Tj ET Q q 0 0 0 rg BT 239.73 608.30 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 50.00 590.90 Td (SLA) Tj ET Q q 0 0 0 rg BT 65.01 590.90 Td (TE ) Tj ET Q q 0 0 0 rg BT 77.13 590.90 Td (OFFICE ) Tj ET Q q 0 0 0 rg BT 107.86 590.90 Td (REIT ) Tj ET Q q 0 0 0 rg BT 127.77 590.90 Td (PROFILE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 573.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.48 573.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 83.09 573.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.15 573.50 Td (is ) Tj ET Q q 0 0 0 rg BT 92.84 573.50 Td (an ) Tj ET Q q 0 0 0 rg BT 103.57 573.50 Td (unincorporated ) Tj ET Q q 0 0 0 rg BT 157.60 573.50 Td (open-ended ) Tj ET Q q 0 0 0 rg BT 201.25 573.50 Td (real ) Tj ET Q q 0 0 0 rg BT 216.30 573.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 239.58 573.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 279.32 573.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 296.54 573.50 Td (constituted ) Tj ET Q q 0 0 0 rg BT 336.28 573.50 Td (in ) Tj ET Q q 0 0 0 rg BT 344.41 573.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 386.74 573.50 Td (with ) Tj ET Q q 0 0 0 rg BT 402.66 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 415.55 573.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 433.19 573.50 Td (of ) Tj ET Q q 0 0 0 rg BT 441.75 573.50 Td (the ) Tj ET Q q 0 0 0 rg BT 454.64 573.50 Td (Province ) Tj ET Q q 0 0 0 rg BT 487.01 573.50 Td (of ) Tj ET Q q 0 0 0 rg BT 495.57 573.50 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 523.18 573.50 Td (pursuant ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.95 562.10 Td (an ) Tj ET Q q 0 0 0 rg BT 70.07 562.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 105.01 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.46 562.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 151.06 562.10 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 192.91 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.71 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 206.19 562.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 221.63 562.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 243.58 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.26 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.21 562.10 Td (December ) Tj ET Q q 0 0 0 rg BT 301.60 562.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 314.88 562.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 336.83 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 347.51 562.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 382.45 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 393.56 562.10 Td (March ) Tj ET Q q 0 0 0 rg BT 417.66 562.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 430.94 562.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 452.89 562.10 Td (May ) Tj ET Q q 0 0 0 rg BT 470.06 562.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 483.35 562.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 503.13 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.58 562.10 Td (March ) Tj ET Q q 0 0 0 rg BT 542.68 562.10 Td (21, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 550.70 Td (2016. ) Tj ET Q q 0 0 0 rg BT 71.67 550.70 Td ( ) Tj ET Q q 0 0 0 rg BT 73.85 550.70 Td (On ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 86.43 550.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 139.71 550.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 157.04 550.70 Td (, ) Tj ET Q q 0 0 0 rg BT 161.39 550.70 Td (the ) Tj ET Q q 0 0 0 rg BT 174.40 550.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 192.00 550.70 Td ( ) Tj ET Q q 0 0 0 rg BT 194.18 550.70 Td (owned ) Tj ET Q q 0 0 0 rg BT 219.31 550.70 Td (interests ) Tj ET Q q 0 0 0 rg BT 250.94 550.70 Td (in ) Tj ET Q q 0 0 0 rg BT 259.18 550.70 Td (thirty-five ) Tj ET Q q 0 0 0 rg BT 292.96 550.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 329.78 550.70 Td (comprised ) Tj ET Q q 0 0 0 rg BT 367.90 550.70 Td (of ) Tj ET Q q 0 0 0 rg BT 376.58 550.70 Td (thirty ) Tj ET Q q 0 0 0 rg BT 395.64 550.70 Td (of) Tj ET Q q 0 0 0 rg BT 402.00 550.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 416.31 550.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 453.13 550.70 Td (and ) Tj ET Q q 0 0 0 rg BT 468.30 550.70 Td (five ) Tj ET Q q 0 0 0 rg BT 482.61 550.70 Td (non-of) Tj ET Q q 0 0 0 rg BT 504.56 550.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 518.87 550.70 Td (properties ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 539.30 Td (totaling ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 77.82 539.30 Td (4.8 ) Tj ET Q q 0 0 0 rg BT 91.34 539.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 113.42 539.30 Td ( ) Tj ET Q q 0 0 0 rg BT 116.11 539.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 131.80 539.30 Td (0.2 ) Tj ET Q q 0 0 0 rg BT 145.33 539.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 167.40 539.30 Td ( ) Tj ET Q q 0 0 0 rg BT 170.10 539.30 Td (square ) Tj ET Q q 0 0 0 rg BT 196.61 539.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 212.30 539.30 Td (\("sq.ft."\), ) Tj ET Q q 0 0 0 rg BT 244.77 539.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 285.34 539.30 Td (, ) Tj ET Q q 0 0 0 rg BT 290.20 539.30 Td (of ) Tj ET Q q 0 0 0 rg BT 299.39 539.30 Td (GLA. ) Tj ET Q q 0 0 0 rg BT 319.84 539.30 Td ( ) Tj ET Q q 0 0 0 rg BT 322.37 539.30 Td (The ) Tj ET Q q 0 0 0 rg BT 338.49 539.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 375.82 539.30 Td (are ) Tj ET Q q 0 0 0 rg BT 389.77 539.30 Td (located ) Tj ET Q q 0 0 0 rg BT 417.59 539.30 Td (in ) Tj ET Q q 0 0 0 rg BT 426.35 539.30 Td (geographically ) Tj ET Q q 0 0 0 rg BT 479.28 539.30 Td (diversified ) Tj ET Q q 0 0 0 rg BT 517.05 539.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 547.45 539.30 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 527.90 Td (Canada. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 510.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.99 510.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.60 510.50 Td ( ) Tj ET Q q 0 0 0 rg BT 84.16 510.50 Td (is ) Tj ET Q q 0 0 0 rg BT 91.35 510.50 Td (externally ) Tj ET Q q 0 0 0 rg BT 126.26 510.50 Td (managed ) Tj ET Q q 0 0 0 rg BT 160.31 510.50 Td (and ) Tj ET Q q 0 0 0 rg BT 174.87 510.50 Td (operated ) Tj ET Q q 0 0 0 rg BT 207.19 510.50 Td (by ) Tj ET Q q 0 0 0 rg BT 216.98 510.50 Td (Slate ) Tj ET Q q 0 0 0 rg BT 236.30 510.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 283.34 510.50 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 325.60 510.50 Td (\("SMC"\), ) Tj ET Q q 0 0 0 rg BT 357.35 510.50 Td (a ) Tj ET Q q 0 0 0 rg BT 363.25 510.50 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 399.89 510.50 Td (of ) Tj ET Q q 0 0 0 rg BT 407.95 510.50 Td (Slate ) Tj ET Q q 0 0 0 rg BT 426.96 510.50 Td (Asset ) Tj ET Q q 0 0 0 rg BT 448.01 510.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 495.05 510.50 Td (L.P) Tj ET Q q 0 0 0 rg BT 505.75 510.50 Td (., ) Tj ET Q q 0 0 0 rg BT 511.64 510.50 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 551.34 510.50 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 499.10 Td ("Slate" ) Tj ET Q q 0 0 0 rg BT 75.66 499.10 Td (or ) Tj ET Q q 0 0 0 rg BT 84.96 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.17 499.10 Td ("Manager"\). ) Tj ET Q q 0 0 0 rg BT 141.57 499.10 Td (Slate ) Tj ET Q q 0 0 0 rg BT 161.71 499.10 Td (has ) Tj ET Q q 0 0 0 rg BT 176.64 499.10 Td (an ) Tj ET Q q 0 0 0 rg BT 187.68 499.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 232.50 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.87 499.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 284.03 499.10 Td (team ) Tj ET Q q 0 0 0 rg BT 303.73 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.60 499.10 Td (real ) Tj ET Q q 0 0 0 rg BT 327.96 499.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 351.57 499.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 399.84 499.10 Td (with ) Tj ET Q q 0 0 0 rg BT 416.07 499.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.78 499.10 Td (proven ) Tj ET Q q 0 0 0 rg BT 448.97 499.10 Td (track ) Tj ET Q q 0 0 0 rg BT 468.23 499.10 Td (record ) Tj ET Q q 0 0 0 rg BT 492.68 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.56 499.10 Td (success ) Tj ET Q q 0 0 0 rg BT 532.08 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.52 499.10 Td (real ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 487.70 Td (estate ) Tj ET Q q 0 0 0 rg BT 72.88 487.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 112.20 487.70 Td (and ) Tj ET Q q 0 0 0 rg BT 126.85 487.70 Td (management. ) Tj ET Q q 0 0 0 rg BT 176.14 487.70 Td (Management) Tj ET Q q 0 0 0 rg BT 223.21 487.70 Td (s ) Tj ET Q q 0 0 0 rg BT 228.76 487.70 Td (interests ) Tj ET Q q 0 0 0 rg BT 259.86 487.70 Td (are ) Tj ET Q q 0 0 0 rg BT 272.77 487.70 Td (aligned ) Tj ET Q q 0 0 0 rg BT 299.54 487.70 Td (with ) Tj ET Q q 0 0 0 rg BT 315.04 487.70 Td (the ) Tj ET Q q 0 0 0 rg BT 327.52 487.70 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 367.29 487.70 Td (of ) Tj ET Q q 0 0 0 rg BT 375.44 487.70 Td (the ) Tj ET Q q 0 0 0 rg BT 387.92 487.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 405.53 487.70 Td ( ) Tj ET Q q 0 0 0 rg BT 407.18 487.70 Td (through ) Tj ET Q q 0 0 0 rg BT 435.25 487.70 Td (its ) Tj ET Q q 0 0 0 rg BT 444.69 487.70 Td (sponsorship ) Tj ET Q q 0 0 0 rg BT 488.35 487.70 Td (and ) Tj ET Q q 0 0 0 rg BT 503.00 487.70 Td (as ) Tj ET Q q 0 0 0 rg BT 512.88 487.70 Td (a ) Tj ET Q q 0 0 0 rg BT 518.86 487.70 Td (significant ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 476.30 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 86.10 476.30 Td (of ) Tj ET Q q 0 0 0 rg BT 94.49 476.30 Td (the ) Tj ET Q q 0 0 0 rg BT 107.21 476.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 124.09 476.30 Td (. ) Tj ET Q q 0 0 0 rg BT 128.14 476.30 Td ( ) Tj ET Q q 0 0 0 rg BT 130.03 476.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 149.67 476.30 Td (assumed ) Tj ET Q q 0 0 0 rg BT 183.17 476.30 Td (management ) Tj ET Q q 0 0 0 rg BT 230.53 476.30 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 283.52 476.30 Td (for ) Tj ET Q q 0 0 0 rg BT 294.50 476.30 Td (the ) Tj ET Q q 0 0 0 rg BT 307.22 476.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 324.83 476.30 Td ( ) Tj ET Q q 0 0 0 rg BT 326.71 476.30 Td (with ) Tj ET Q q 0 0 0 rg BT 342.45 476.30 Td (the ) Tj ET Q q 0 0 0 rg BT 355.17 476.30 Td (vision ) Tj ET Q q 0 0 0 rg BT 376.98 476.30 Td (of ) Tj ET Q q 0 0 0 rg BT 385.36 476.30 Td (creating ) Tj ET Q q 0 0 0 rg BT 414.97 476.30 Td (a ) Tj ET Q q 0 0 0 rg BT 421.19 476.30 Td (pure-play ) Tj ET Q q 0 0 0 rg BT 455.55 476.30 Td (of) Tj ET Q q 0 0 0 rg BT 461.91 476.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 475.93 476.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 493.54 476.30 Td ( ) Tj ET Q q 0 0 0 rg BT 495.42 476.30 Td (focused ) Tj ET Q q 0 0 0 rg BT 524.60 476.30 Td (on ) Tj ET Q q 0 0 0 rg BT 535.15 476.30 Td ("non-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 464.90 Td (core" ) Tj ET Q q 0 0 0 rg BT 69.75 464.90 Td (real ) Tj ET Q q 0 0 0 rg BT 84.57 464.90 Td (estate ) Tj ET Q q 0 0 0 rg BT 107.63 464.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 131.98 464.90 Td (in ) Tj ET Q q 0 0 0 rg BT 139.87 464.90 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 171.04 464.90 Td (This ) Tj ET Q q 0 0 0 rg BT 187.59 464.90 Td (vision ) Tj ET Q q 0 0 0 rg BT 209.34 464.90 Td (was ) Tj ET Q q 0 0 0 rg BT 225.02 464.90 Td (premised ) Tj ET Q q 0 0 0 rg BT 258.90 464.90 Td (on ) Tj ET Q q 0 0 0 rg BT 269.39 464.90 Td (the ) Tj ET Q q 0 0 0 rg BT 282.05 464.90 Td (belief ) Tj ET Q q 0 0 0 rg BT 302.51 464.90 Td (that ) Tj ET Q q 0 0 0 rg BT 317.34 464.90 Td (the ) Tj ET Q q 0 0 0 rg BT 330.00 464.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 365.18 464.90 Td (of) Tj ET Q q 0 0 0 rg BT 371.55 464.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 385.50 464.90 Td (market ) Tj ET Q q 0 0 0 rg BT 411.14 464.90 Td (was ) Tj ET Q q 0 0 0 rg BT 426.83 464.90 Td (changing ) Tj ET Q q 0 0 0 rg BT 460.28 464.90 Td (and ) Tj ET Q q 0 0 0 rg BT 475.11 464.90 Td (a ) Tj ET Q q 0 0 0 rg BT 481.27 464.90 Td (pure-play ) Tj ET Q q 0 0 0 rg BT 515.58 464.90 Td (of) Tj ET Q q 0 0 0 rg BT 521.94 464.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 535.90 464.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 553.51 464.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 453.50 Td (would ) Tj ET Q q 0 0 0 rg BT 72.82 453.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 100.84 453.50 Td (a ) Tj ET Q q 0 0 0 rg BT 107.65 453.50 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 134.37 453.50 Td (to ) Tj ET Q q 0 0 0 rg BT 143.34 453.50 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 178.29 453.50 Td (on ) Tj ET Q q 0 0 0 rg BT 189.43 453.50 Td (future ) Tj ET Q q 0 0 0 rg BT 211.82 453.50 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 261.07 453.50 Td ( ) Tj ET Q q 0 0 0 rg BT 263.54 453.50 Td (Slate ) Tj ET Q q 0 0 0 rg BT 283.77 453.50 Td (is ) Tj ET Q q 0 0 0 rg BT 291.87 453.50 Td (the ) Tj ET Q q 0 0 0 rg BT 305.17 453.50 Td (largest ) Tj ET Q q 0 0 0 rg BT 331.03 453.50 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 367.71 453.50 Td (in ) Tj ET Q q 0 0 0 rg BT 376.25 453.50 Td (the ) Tj ET Q q 0 0 0 rg BT 389.55 453.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 406.43 453.50 Td (, ) Tj ET Q q 0 0 0 rg BT 411.07 453.50 Td (with ) Tj ET Q q 0 0 0 rg BT 427.39 453.50 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 434.20 453.50 Td (15.1%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.29 453.50 Td ( ) Tj ET Q q 0 0 0 rg BT 458.76 453.50 Td (interest, ) Tj ET Q q 0 0 0 rg BT 488.95 453.50 Td (and ) Tj ET Q q 0 0 0 rg BT 504.41 453.50 Td (accordingly) Tj ET Q q 0 0 0 rg BT 543.25 453.50 Td (, ) Tj ET Q q 0 0 0 rg BT 547.89 453.50 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 72.52 442.10 Td (motivated ) Tj ET Q q 0 0 0 rg BT 108.47 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.13 442.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 148.75 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.74 442.10 Td (value ) Tj ET Q q 0 0 0 rg BT 182.54 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.20 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.20 442.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 221.81 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.97 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 234.81 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.31 442.10 Td (per ) Tj ET Q q 0 0 0 rg BT 254.73 442.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 269.46 442.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 289.81 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.98 442.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 332.69 442.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 359.98 442.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 389.42 442.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 415.83 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.50 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.50 442.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 456.83 442.10 Td (s ) Tj ET Q q 0 0 0 rg BT 462.90 442.10 Td (unitholders. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 422.70 Td (Additional ) Tj ET Q q 0 0 0 rg BT 86.71 422.70 Td (information ) Tj ET Q q 0 0 0 rg BT 127.75 422.70 Td (on ) Tj ET Q q 0 0 0 rg BT 138.91 422.70 Td (the ) Tj ET Q q 0 0 0 rg BT 152.23 422.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 169.11 422.70 Td (, ) Tj ET Q q 0 0 0 rg BT 173.78 422.70 Td (including ) Tj ET Q q 0 0 0 rg BT 207.02 422.70 Td (its ) Tj ET Q q 0 0 0 rg BT 217.31 422.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 243.20 422.70 Td (information ) Tj ET Q q 0 0 0 rg BT 284.24 422.70 Td (form, ) Tj ET Q q 0 0 0 rg BT 304.48 422.70 Td (is ) Tj ET Q q 0 0 0 rg BT 312.60 422.70 Td (available ) Tj ET Q q 0 0 0 rg BT 345.85 422.70 Td (on ) Tj ET Q q 0 0 0 rg BT 357.01 422.70 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 386.33 422.70 Td (at ) Tj ET Q q 0 0 0 rg BT 395.33 422.70 Td (www) Tj ET Q q 0 0 0 rg BT 411.77 422.70 Td (.sedar) Tj ET Q q 0 0 0 rg BT 433.00 422.70 Td (.com ) Tj ET Q q 0 0 0 rg BT 452.38 422.70 Td (and ) Tj ET Q q 0 0 0 rg BT 467.87 422.70 Td (on ) Tj ET Q q 0 0 0 rg BT 479.03 422.70 Td (the ) Tj ET Q q 0 0 0 rg BT 492.36 422.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 511.70 422.70 Td (s ) Tj ET Q q 0 0 0 rg BT 518.09 422.70 Td (website ) Tj ET Q q 0 0 0 rg BT 547.00 422.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 411.30 Td (www) Tj ET Q q 0 0 0 rg BT 66.44 411.30 Td (.slateof) Tj ET Q q 0 0 0 rg BT 91.43 411.30 Td (ficereit.com. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 393.90 Td (STRA) Tj ET Q q 0 0 0 rg BT 70.63 393.90 Td (TEGY) Tj ET Q q 0 0 0 rg BT 91.71 393.90 Td ( ) Tj ET Q q 0 0 0 rg BT 93.59 393.90 Td (AND ) Tj ET Q q 0 0 0 rg BT 112.62 393.90 Td (OUTLOOK) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 376.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.72 376.50 Td (strategy ) Tj ET Q q 0 0 0 rg BT 94.17 376.50 Td (is ) Tj ET Q q 0 0 0 rg BT 101.53 376.50 Td (to ) Tj ET Q q 0 0 0 rg BT 109.76 376.50 Td (own ) Tj ET Q q 0 0 0 rg BT 125.78 376.50 Td (an ) Tj ET Q q 0 0 0 rg BT 136.18 376.50 Td (institutional ) Tj ET Q q 0 0 0 rg BT 176.89 376.50 Td (quality ) Tj ET Q q 0 0 0 rg BT 201.15 376.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 230.60 376.50 Td (of ) Tj ET Q q 0 0 0 rg BT 238.83 376.50 Td (non-trophy ) Tj ET Q q 0 0 0 rg BT 277.81 376.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 302.06 376.50 Td (in ) Tj ET Q q 0 0 0 rg BT 309.86 376.50 Td (major ) Tj ET Q q 0 0 0 rg BT 331.07 376.50 Td (of) Tj ET Q q 0 0 0 rg BT 337.43 376.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 351.29 376.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 380.73 376.50 Td (across ) Tj ET Q q 0 0 0 rg BT 405.41 376.50 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 436.60 376.50 Td (where ) Tj ET Q q 0 0 0 rg BT 459.54 376.50 Td (millions ) Tj ET Q q 0 0 0 rg BT 487.25 376.50 Td (of ) Tj ET Q q 0 0 0 rg BT 495.48 376.50 Td (Canadians ) Tj ET Q q 0 0 0 rg BT 534.46 376.50 Td (come ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.81 365.10 Td (work ) Tj ET Q q 0 0 0 rg BT 77.57 365.10 Td (every ) Tj ET Q q 0 0 0 rg BT 98.93 365.10 Td (day) Tj ET Q q 0 0 0 rg BT 110.92 365.10 Td (. ) Tj ET Q q 0 0 0 rg BT 115.40 365.10 Td (W) Tj ET Q q 0 0 0 rg BT 122.62 365.10 Td (e ) Tj ET Q q 0 0 0 rg BT 129.26 365.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 156.26 365.10 Td (that ) Tj ET Q q 0 0 0 rg BT 171.57 365.10 Td (non-trophy ) Tj ET Q q 0 0 0 rg BT 211.13 365.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 235.96 365.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 263.82 365.10 Td (superior ) Tj ET Q q 0 0 0 rg BT 294.27 365.10 Td (risk-adjusted ) Tj ET Q q 0 0 0 rg BT 340.75 365.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 362.98 365.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 390.41 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.22 365.10 Td (conventional ) Tj ET Q q 0 0 0 rg BT 445.28 365.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 469.21 365.10 Td (A ) Tj ET Q q 0 0 0 rg BT 479.31 365.10 Td (of) Tj ET Q q 0 0 0 rg BT 485.67 365.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 500.11 365.10 Td (towers ) Tj ET Q q 0 0 0 rg BT 525.36 365.10 Td (pursued ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 353.70 Td (by ) Tj ET Q q 0 0 0 rg BT 59.86 353.70 Td (many ) Tj ET Q q 0 0 0 rg BT 80.54 353.70 Td (other ) Tj ET Q q 0 0 0 rg BT 99.93 353.70 Td (large ) Tj ET Q q 0 0 0 rg BT 118.88 353.70 Td (investors. ) Tj ET Q q 0 0 0 rg BT 153.76 353.70 Td (This ) Tj ET Q q 0 0 0 rg BT 170.11 353.70 Td (non-core ) Tj ET Q q 0 0 0 rg BT 207.67 353.70 Td (of) Tj ET Q q 0 0 0 rg BT 214.04 353.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 227.79 353.70 Td (product ) Tj ET Q q 0 0 0 rg BT 255.41 353.70 Td (comprises ) Tj ET Q q 0 0 0 rg BT 292.54 353.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 342.67 353.70 Td (two-thirds ) Tj ET Q q 0 0 0 rg BT 378.07 353.70 Td (of ) Tj ET Q q 0 0 0 rg BT 386.20 353.70 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 421.18 353.70 Td (of) Tj ET Q q 0 0 0 rg BT 427.54 353.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 441.30 353.70 Td (inventory ) Tj ET Q q 0 0 0 rg BT 474.55 353.70 Td (that ) Tj ET Q q 0 0 0 rg BT 489.17 353.70 Td (is ) Tj ET Q q 0 0 0 rg BT 496.43 353.70 Td (often ) Tj ET Q q 0 0 0 rg BT 515.40 353.70 Td (overlooked ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 342.30 Td (by ) Tj ET Q q 0 0 0 rg BT 60.26 342.30 Td (large ) Tj ET Q q 0 0 0 rg BT 79.61 342.30 Td (institutional ) Tj ET Q q 0 0 0 rg BT 120.62 342.30 Td (investors. ) Tj ET Q q 0 0 0 rg BT 155.60 342.30 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 195.30 342.30 Td (, ) Tj ET Q q 0 0 0 rg BT 199.50 342.30 Td (these ) Tj ET Q q 0 0 0 rg BT 220.59 342.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 245.14 342.30 Td (can ) Tj ET Q q 0 0 0 rg BT 259.73 342.30 Td (frequently ) Tj ET Q q 0 0 0 rg BT 295.98 342.30 Td (be ) Tj ET Q q 0 0 0 rg BT 306.68 342.30 Td (purchased ) Tj ET Q q 0 0 0 rg BT 345.09 342.30 Td (at ) Tj ET Q q 0 0 0 rg BT 353.62 342.30 Td (a ) Tj ET Q q 0 0 0 rg BT 359.98 342.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 396.66 342.30 Td (discount ) Tj ET Q q 0 0 0 rg BT 427.71 342.30 Td (to ) Tj ET Q q 0 0 0 rg BT 436.24 342.30 Td (peak ) Tj ET Q q 0 0 0 rg BT 455.17 342.30 Td (and ) Tj ET Q q 0 0 0 rg BT 470.20 342.30 Td (replacement ) Tj ET Q q 0 0 0 rg BT 515.10 342.30 Td (value ) Tj ET Q q 0 0 0 rg BT 535.76 342.30 Td (while ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 330.90 Td (retaining ) Tj ET Q q 0 0 0 rg BT 82.81 330.90 Td (stable ) Tj ET Q q 0 0 0 rg BT 106.53 330.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 141.94 330.90 Td (fundamentals ) Tj ET Q q 0 0 0 rg BT 191.65 330.90 Td (that ) Tj ET Q q 0 0 0 rg BT 207.57 330.90 Td (together ) Tj ET Q q 0 0 0 rg BT 239.09 330.90 Td (allow ) Tj ET Q q 0 0 0 rg BT 259.76 330.90 Td (superior ) Tj ET Q q 0 0 0 rg BT 290.83 330.90 Td (risk-adjusted ) Tj ET Q q 0 0 0 rg BT 337.93 330.90 Td (yields, ) Tj ET Q q 0 0 0 rg BT 362.94 330.90 Td (relative ) Tj ET Q q 0 0 0 rg BT 390.98 330.90 Td (to ) Tj ET Q q 0 0 0 rg BT 400.41 330.90 Td (trophy ) Tj ET Q q 0 0 0 rg BT 424.99 330.90 Td (assets. ) Tj ET Q q 0 0 0 rg BT 452.42 330.90 Td (The ) Tj ET Q q 0 0 0 rg BT 468.77 330.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 488.11 330.90 Td (s ) Tj ET Q q 0 0 0 rg BT 494.94 330.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 525.58 330.90 Td (of ) Tj ET Q q 0 0 0 rg BT 535.01 330.90 Td (of) Tj ET Q q 0 0 0 rg BT 541.37 330.90 Td (fice ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 319.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 86.81 319.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 118.42 319.50 Td (diversification, ) Tj ET Q q 0 0 0 rg BT 169.96 319.50 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 208.08 319.50 Td (our ) Tj ET Q q 0 0 0 rg BT 221.50 319.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 243.59 319.50 Td (to ) Tj ET Q q 0 0 0 rg BT 252.25 319.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 283.88 319.50 Td (to ) Tj ET Q q 0 0 0 rg BT 292.54 319.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 320.26 319.50 Td (steady ) Tj ET Q q 0 0 0 rg BT 345.38 319.50 Td (and ) Tj ET Q q 0 0 0 rg BT 360.55 319.50 Td (reliable ) Tj ET Q q 0 0 0 rg BT 387.83 319.50 Td (distributions ) Tj ET Q q 0 0 0 rg BT 431.57 319.50 Td (to ) Tj ET Q q 0 0 0 rg BT 440.23 319.50 Td (unitholders. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.22 302.10 Td (e ) Tj ET Q q 0 0 0 rg BT 63.72 302.10 Td (are ) Tj ET Q q 0 0 0 rg BT 77.14 302.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 106.60 302.10 Td (on ) Tj ET Q q 0 0 0 rg BT 117.43 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.43 302.10 Td (following ) Tj ET Q q 0 0 0 rg BT 162.90 302.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 184.56 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.22 302.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 222.24 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.24 302.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 254.58 302.10 Td (s ) Tj ET Q q 0 0 0 rg BT 260.64 302.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 297.46 302.10 Td (through ) Tj ET Q q 0 0 0 rg BT 326.05 302.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 345.54 302.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.71 302.10 Td (2017:) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 284.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 68.00 284.70 Td (Proactive ) Tj ET Q q 0 0 0 rg BT 102.64 284.70 Td (property ) Tj ET Q q 0 0 0 rg BT 133.39 284.70 Td (and ) Tj ET Q q 0 0 0 rg BT 148.55 284.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 169.34 284.70 Td (management ) Tj ET Q q 0 0 0 rg BT 216.98 284.70 Td (that ) Tj ET Q q 0 0 0 rg BT 232.15 284.70 Td (results ) Tj ET Q q 0 0 0 rg BT 257.26 284.70 Td (in ) Tj ET Q q 0 0 0 rg BT 265.49 284.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 281.51 284.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 307.06 284.70 Td (while ) Tj ET Q q 0 0 0 rg BT 326.97 284.70 Td (minimizing ) Tj ET Q q 0 0 0 rg BT 365.93 284.70 Td (property ) Tj ET Q q 0 0 0 rg BT 396.68 284.70 Td (and ) Tj ET Q q 0 0 0 rg BT 411.84 284.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 441.73 284.70 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 472.48 284.70 Td (exposure;) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 261.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 68.00 261.90 Td (Prudent ) Tj ET Q q 0 0 0 rg BT 97.75 261.90 Td (and ) Tj ET Q q 0 0 0 rg BT 113.22 261.90 Td (disciplined ) Tj ET Q q 0 0 0 rg BT 152.07 261.90 Td (management ) Tj ET Q q 0 0 0 rg BT 200.01 261.90 Td (of ) Tj ET Q q 0 0 0 rg BT 208.98 261.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 233.97 261.90 Td (outlays ) Tj ET Q q 0 0 0 rg BT 261.13 261.90 Td (that ) Tj ET Q q 0 0 0 rg BT 276.59 261.90 Td (will ) Tj ET Q q 0 0 0 rg BT 289.88 261.90 Td (maintain ) Tj ET Q q 0 0 0 rg BT 321.79 261.90 Td (and ) Tj ET Q q 0 0 0 rg BT 337.26 261.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 369.18 261.90 Td (the ) Tj ET Q q 0 0 0 rg BT 382.48 261.90 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 433.02 261.90 Td (of ) Tj ET Q q 0 0 0 rg BT 441.99 261.90 Td (the ) Tj ET Q q 0 0 0 rg BT 455.29 261.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 474.63 261.90 Td (s ) Tj ET Q q 0 0 0 rg BT 480.99 261.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 511.18 261.90 Td (and ) Tj ET Q q 0 0 0 rg BT 526.64 261.90 Td (achieve ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 68.00 250.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 103.95 250.50 Td (rents; ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 227.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 68.00 227.70 Td (Continue ) Tj ET Q q 0 0 0 rg BT 101.35 227.70 Td (to ) Tj ET Q q 0 0 0 rg BT 110.01 227.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 141.63 227.70 Td (the ) Tj ET Q q 0 0 0 rg BT 154.63 227.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 173.96 227.70 Td (s ) Tj ET Q q 0 0 0 rg BT 180.03 227.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 210.78 227.70 Td (strength ) Tj ET Q q 0 0 0 rg BT 241.10 227.70 Td (and ) Tj ET Q q 0 0 0 rg BT 256.26 227.70 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 287.87 227.70 Td (through ) Tj ET Q q 0 0 0 rg BT 316.46 227.70 Td (robust ) Tj ET Q q 0 0 0 rg BT 340.28 227.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 369.74 227.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 390.96 227.70 Td (management;) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 204.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 68.00 204.90 Td (Maintain ) Tj ET Q q 0 0 0 rg BT 99.61 204.90 Td (a ) Tj ET Q q 0 0 0 rg BT 106.11 204.90 Td (conservative ) Tj ET Q q 0 0 0 rg BT 151.59 204.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 174.53 204.90 Td (pay-out ) Tj ET Q q 0 0 0 rg BT 202.69 204.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 220.01 204.90 Td (to ) Tj ET Q q 0 0 0 rg BT 228.67 204.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 260.30 204.90 Td (to ) Tj ET Q q 0 0 0 rg BT 268.96 204.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 296.68 204.90 Td (steady ) Tj ET Q q 0 0 0 rg BT 321.80 204.90 Td (and ) Tj ET Q q 0 0 0 rg BT 336.97 204.90 Td (reliable ) Tj ET Q q 0 0 0 rg BT 364.25 204.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 407.99 204.90 Td (to ) Tj ET Q q 0 0 0 rg BT 416.65 204.90 Td (unitholders; ) Tj ET Q q 0 0 0 rg BT 459.10 204.90 Td (and) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 182.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 68.00 182.10 Td (Continue ) Tj ET Q q 0 0 0 rg BT 101.45 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.22 182.10 Td (selectively ) Tj ET Q q 0 0 0 rg BT 148.43 182.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 177.56 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.32 182.10 Td (non-strategic ) Tj ET Q q 0 0 0 rg BT 233.63 182.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 258.42 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.69 182.10 Td (recycle ) Tj ET Q q 0 0 0 rg BT 300.64 182.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.43 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.20 182.10 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 381.51 182.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 411.93 182.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 444.08 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.35 182.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 487.17 182.10 Td (of) Tj ET Q q 0 0 0 rg BT 493.54 182.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 507.93 182.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 544.84 182.10 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 68.00 170.70 Td (an ) Tj ET Q q 0 0 0 rg BT 78.83 170.70 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 125.17 170.70 Td (basis.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 153.30 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 79.28 153.30 Td (we ) Tj ET Q q 0 0 0 rg BT 91.68 153.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 118.81 153.30 Td (that ) Tj ET Q q 0 0 0 rg BT 134.24 153.30 Td (the ) Tj ET Q q 0 0 0 rg BT 147.51 153.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 165.12 153.30 Td ( ) Tj ET Q q 0 0 0 rg BT 167.56 153.30 Td (has ) Tj ET Q q 0 0 0 rg BT 182.56 153.30 Td (positioned ) Tj ET Q q 0 0 0 rg BT 220.52 153.30 Td (its ) Tj ET Q q 0 0 0 rg BT 230.75 153.30 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 263.08 153.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 288.04 153.30 Td (structure ) Tj ET Q q 0 0 0 rg BT 320.79 153.30 Td (and ) Tj ET Q q 0 0 0 rg BT 336.23 153.30 Td (distribution ) Tj ET Q q 0 0 0 rg BT 376.34 153.30 Td (strategy ) Tj ET Q q 0 0 0 rg BT 406.50 153.30 Td (to ) Tj ET Q q 0 0 0 rg BT 415.44 153.30 Td (ef) Tj ET Q q 0 0 0 rg BT 421.80 153.30 Td (fectively ) Tj ET Q q 0 0 0 rg BT 452.39 153.30 Td (grow ) Tj ET Q q 0 0 0 rg BT 471.71 153.30 Td (in ) Tj ET Q q 0 0 0 rg BT 480.21 153.30 Td (the ) Tj ET Q q 0 0 0 rg BT 493.48 153.30 Td (current ) Tj ET Q q 0 0 0 rg BT 520.17 153.30 Td (economic ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 141.30 Td (environment ) Tj ET Q q 0 0 0 rg BT 95.04 141.30 Td (and ) Tj ET Q q 0 0 0 rg BT 110.20 141.30 Td (to ) Tj ET Q q 0 0 0 rg BT 118.87 141.30 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 153.52 141.30 Td (on ) Tj ET Q q 0 0 0 rg BT 164.35 141.30 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 211.12 141.30 Td (in ) Tj ET Q q 0 0 0 rg BT 219.35 141.30 Td (the ) Tj ET Q q 0 0 0 rg BT 232.35 141.30 Td (future. ) Tj ET Q q 0 0 0 rg BT 256.61 141.30 Td ( ) Tj ET Q q 0 0 0 rg BT 258.78 141.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 260.94 141.30 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 123.90 Td (NON-IFRS MEASURES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 106.50 Td (W) Tj ET Q q 0 0 0 rg BT 57.22 106.50 Td (e ) Tj ET Q q 0 0 0 rg BT 63.75 106.50 Td (disclose ) Tj ET Q q 0 0 0 rg BT 94.11 106.50 Td (a ) Tj ET Q q 0 0 0 rg BT 100.64 106.50 Td (number ) Tj ET Q q 0 0 0 rg BT 129.26 106.50 Td (of ) Tj ET Q q 0 0 0 rg BT 137.97 106.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.75 106.50 Td (measures ) Tj ET Q q 0 0 0 rg BT 205.17 106.50 Td (in ) Tj ET Q q 0 0 0 rg BT 213.43 106.50 Td (this ) Tj ET Q q 0 0 0 rg BT 227.76 106.50 Td (MD&A) Tj ET Q q 0 0 0 rg BT 249.84 106.50 Td ( ) Tj ET Q q 0 0 0 rg BT 252.04 106.50 Td (that ) Tj ET Q q 0 0 0 rg BT 267.25 106.50 Td (are ) Tj ET Q q 0 0 0 rg BT 280.71 106.50 Td (not ) Tj ET Q q 0 0 0 rg BT 293.75 106.50 Td (measures ) Tj ET Q q 0 0 0 rg BT 330.16 106.50 Td (used ) Tj ET Q q 0 0 0 rg BT 349.25 106.50 Td (under ) Tj ET Q q 0 0 0 rg BT 371.38 106.50 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 393.50 106.50 Td (including ) Tj ET Q q 0 0 0 rg BT 426.45 106.50 Td (net ) Tj ET Q q 0 0 0 rg BT 439.49 106.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 474.18 106.50 Td (income, ) Tj ET Q q 0 0 0 rg BT 503.66 106.50 Td (same ) Tj ET Q q 0 0 0 rg BT 524.92 106.50 Td (property ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (net ) Tj ET Q q 0 0 0 rg BT 63.18 95.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 98.01 95.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 127.64 95.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 149.05 95.10 Td (from ) Tj ET Q q 0 0 0 rg BT 166.98 95.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 207.87 95.10 Td (core ) Tj ET Q q 0 0 0 rg BT 225.37 95.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 246.78 95.10 Td (from ) Tj ET Q q 0 0 0 rg BT 264.71 95.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 305.61 95.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 337.41 95.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 358.82 95.10 Td (from ) Tj ET Q q 0 0 0 rg BT 376.75 95.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 417.64 95.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 449.44 95.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 470.85 95.10 Td (from ) Tj ET Q q 0 0 0 rg BT 488.78 95.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 527.51 95.10 Td (pay-out ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 83.70 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 69.18 83.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 100.49 83.70 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 132.65 83.70 Td (net ) Tj ET Q q 0 0 0 rg BT 145.34 83.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 162.36 83.70 Td (to ) Tj ET Q q 0 0 0 rg BT 170.71 83.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 202.02 83.70 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 229.73 83.70 Td ( ) Tj ET Q q 0 0 0 rg BT 231.59 83.70 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 250.77 83.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 278.17 83.70 Td (coverage ) Tj ET Q q 0 0 0 rg BT 312.08 83.70 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 331.26 83.70 Td (and ) Tj ET Q q 0 0 0 rg BT 346.11 83.70 Td (the ) Tj ET Q q 0 0 0 rg BT 358.80 83.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 375.82 83.70 Td (service ) Tj ET Q q 0 0 0 rg BT 402.35 83.70 Td (coverage ) Tj ET Q q 0 0 0 rg BT 436.26 83.70 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 455.44 83.70 Td (in ) Tj ET Q q 0 0 0 rg BT 463.36 83.70 Td (addition ) Tj ET Q q 0 0 0 rg BT 492.50 83.70 Td (to ) Tj ET Q q 0 0 0 rg BT 500.86 83.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 526.10 83.70 Td (of ) Tj ET Q q 0 0 0 rg BT 534.45 83.70 Td (these ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 72.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 86.16 72.30 Td (on ) Tj ET Q q 0 0 0 rg BT 96.79 72.30 Td (a ) Tj ET Q q 0 0 0 rg BT 103.08 72.30 Td (per ) Tj ET Q q 0 0 0 rg BT 116.29 72.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 130.81 72.30 Td (basis. ) Tj ET Q q 0 0 0 rg BT 153.13 72.30 Td (W) Tj ET Q q 0 0 0 rg BT 160.34 72.30 Td (e ) Tj ET Q q 0 0 0 rg BT 166.64 72.30 Td (utilize ) Tj ET Q q 0 0 0 rg BT 188.51 72.30 Td (these ) Tj ET Q q 0 0 0 rg BT 209.53 72.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 245.70 72.30 Td (for ) Tj ET Q q 0 0 0 rg BT 256.75 72.30 Td (a ) Tj ET Q q 0 0 0 rg BT 263.04 72.30 Td (variety ) Tj ET Q q 0 0 0 rg BT 287.94 72.30 Td (of ) Tj ET Q q 0 0 0 rg BT 296.40 72.30 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 328.24 72.30 Td (including ) Tj ET Q q 0 0 0 rg BT 360.95 72.30 Td (measuring ) Tj ET Q q 0 0 0 rg BT 399.28 72.30 Td (performance, ) Tj ET Q q 0 0 0 rg BT 447.14 72.30 Td (managing ) Tj ET Q q 0 0 0 rg BT 483.31 72.30 Td (the ) Tj ET Q q 0 0 0 rg BT 496.10 72.30 Td (business, ) Tj ET Q q 0 0 0 rg BT 530.98 72.30 Td (capital ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 60.90 Td (allocation ) Tj ET Q q 0 0 0 rg BT 85.85 60.90 Td (and ) Tj ET Q q 0 0 0 rg BT 101.79 60.90 Td (the ) Tj ET Q q 0 0 0 rg BT 115.56 60.90 Td (assessment ) Tj ET Q q 0 0 0 rg BT 160.07 60.90 Td (of ) Tj ET Q q 0 0 0 rg BT 169.50 60.90 Td (risk. ) Tj ET Q q 0 0 0 rg BT 186.73 60.90 Td (Descriptions ) Tj ET Q q 0 0 0 rg BT 232.53 60.90 Td (of ) Tj ET Q q 0 0 0 rg BT 241.96 60.90 Td (why ) Tj ET Q q 0 0 0 rg BT 258.75 60.90 Td (these ) Tj ET Q q 0 0 0 rg BT 280.75 60.90 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 317.02 60.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 354.16 60.90 Td (are ) Tj ET Q q 0 0 0 rg BT 368.36 60.90 Td (useful ) Tj ET Q q 0 0 0 rg BT 392.09 60.90 Td (to ) Tj ET Q q 0 0 0 rg BT 401.52 60.90 Td (investors ) Tj ET Q q 0 0 0 rg BT 435.64 60.90 Td (and ) Tj ET Q q 0 0 0 rg BT 451.57 60.90 Td (how ) Tj ET Q q 0 0 0 rg BT 468.80 60.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 517.21 60.90 Td (uses ) Tj ET Q q 0 0 0 rg BT 536.61 60.90 Td (each ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 49.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 82.48 49.50 Td (are ) Tj ET Q q 0 0 0 rg BT 95.90 49.50 Td (included ) Tj ET Q q 0 0 0 rg BT 127.08 49.50 Td (in ) Tj ET Q q 0 0 0 rg BT 135.31 49.50 Td (this ) Tj ET Q q 0 0 0 rg BT 149.60 49.50 Td (MD&A. ) Tj ET Q q 0 0 0 rg BT 176.44 49.50 Td (W) Tj ET Q q 0 0 0 rg BT 183.66 49.50 Td (e ) Tj ET Q q 0 0 0 rg BT 190.15 49.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 217.01 49.50 Td (that ) Tj ET Q q 0 0 0 rg BT 232.17 49.50 Td (providing ) Tj ET Q q 0 0 0 rg BT 265.95 49.50 Td (these ) Tj ET Q q 0 0 0 rg BT 287.18 49.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 333.08 49.50 Td (measures ) Tj ET Q q 0 0 0 rg BT 369.45 49.50 Td (on ) Tj ET Q q 0 0 0 rg BT 380.28 49.50 Td (a ) Tj ET Q q 0 0 0 rg BT 386.78 49.50 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 435.28 49.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 455.64 49.50 Td (to ) Tj ET Q q 0 0 0 rg BT 464.30 49.50 Td (our ) Tj ET Q q 0 0 0 rg BT 477.73 49.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 497.63 49.50 Td (results ) Tj ET Q q 0 0 0 rg BT 522.75 49.50 Td (is ) Tj ET Q q 0 0 0 rg BT 530.54 49.50 Td (helpful ) 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 50.00 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.30 742.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 93.29 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.16 742.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 139.61 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.25 742.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 179.00 742.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 225.54 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.84 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.91 742.10 Td (business ) Tj ET Q q 0 0 0 rg BT 282.46 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.33 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 298.47 742.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 327.69 742.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 353.00 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.30 742.10 Td (Management. ) Tj ET Q q 0 0 0 rg BT 412.57 742.10 Td (These ) Tj ET Q q 0 0 0 rg BT 437.03 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.42 742.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 505.44 742.10 Td (should ) Tj ET Q q 0 0 0 rg BT 531.20 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 544.83 742.10 Td (be ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 730.70 Td (considered ) Tj ET Q q 0 0 0 rg BT 90.89 730.70 Td (as ) Tj ET Q q 0 0 0 rg BT 101.90 730.70 Td (a ) Tj ET Q q 0 0 0 rg BT 109.02 730.70 Td (substitute ) Tj ET Q q 0 0 0 rg BT 145.15 730.70 Td (for ) Tj ET Q q 0 0 0 rg BT 157.02 730.70 Td (similar ) Tj ET Q q 0 0 0 rg BT 182.31 730.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.68 730.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 250.66 730.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 288.53 730.70 Td (in ) Tj ET Q q 0 0 0 rg BT 297.37 730.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 340.43 730.70 Td (with ) Tj ET Q q 0 0 0 rg BT 357.06 730.70 Td (IFRS. ) Tj ET Q q 0 0 0 rg BT 379.75 730.70 Td (W) Tj ET Q q 0 0 0 rg BT 386.97 730.70 Td (e ) Tj ET Q q 0 0 0 rg BT 394.09 730.70 Td (caution ) Tj ET Q q 0 0 0 rg BT 421.99 730.70 Td (readers ) Tj ET Q q 0 0 0 rg BT 451.18 730.70 Td (that ) Tj ET Q q 0 0 0 rg BT 466.96 730.70 Td (these ) Tj ET Q q 0 0 0 rg BT 488.81 730.70 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 524.92 730.70 Td (financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 719.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 86.15 719.30 Td (may ) Tj ET Q q 0 0 0 rg BT 102.82 719.30 Td (dif) Tj ET Q q 0 0 0 rg BT 110.92 719.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 121.96 719.30 Td (from ) Tj ET Q q 0 0 0 rg BT 139.49 719.30 Td (the ) Tj ET Q q 0 0 0 rg BT 152.27 719.30 Td (calculations ) Tj ET Q q 0 0 0 rg BT 194.93 719.30 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 229.36 719.30 Td (by ) Tj ET Q q 0 0 0 rg BT 239.53 719.30 Td (other ) Tj ET Q q 0 0 0 rg BT 259.24 719.30 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 302.33 719.30 Td (and ) Tj ET Q q 0 0 0 rg BT 317.28 719.30 Td (as ) Tj ET Q q 0 0 0 rg BT 327.46 719.30 Td (a ) Tj ET Q q 0 0 0 rg BT 333.74 719.30 Td (result, ) Tj ET Q q 0 0 0 rg BT 356.91 719.30 Td (may ) Tj ET Q q 0 0 0 rg BT 373.57 719.30 Td (not ) Tj ET Q q 0 0 0 rg BT 386.35 719.30 Td (be ) Tj ET Q q 0 0 0 rg BT 396.97 719.30 Td (comparable ) Tj ET Q q 0 0 0 rg BT 439.62 719.30 Td (to ) Tj ET Q q 0 0 0 rg BT 448.07 719.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 472.52 719.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 508.68 719.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 545.28 719.30 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 707.90 Td (others. ) Tj ET Q q 0 0 0 rg BT 76.33 707.90 Td (Reconciliations ) Tj ET Q q 0 0 0 rg BT 131.24 707.90 Td (of ) Tj ET Q q 0 0 0 rg BT 140.26 707.90 Td (these ) Tj ET Q q 0 0 0 rg BT 161.83 707.90 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 197.68 707.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 234.40 707.90 Td (to ) Tj ET Q q 0 0 0 rg BT 243.41 707.90 Td (the ) Tj ET Q q 0 0 0 rg BT 256.75 707.90 Td (most ) Tj ET Q q 0 0 0 rg BT 276.15 707.90 Td (directly ) Tj ET Q q 0 0 0 rg BT 303.35 707.90 Td (comparable ) Tj ET Q q 0 0 0 rg BT 346.56 707.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 377.66 707.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 414.38 707.90 Td (calculated ) Tj ET Q q 0 0 0 rg BT 451.98 707.90 Td (and ) Tj ET Q q 0 0 0 rg BT 467.49 707.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 504.66 707.90 Td (in ) Tj ET Q q 0 0 0 rg BT 513.23 707.90 Td (accordance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 696.50 Td (with ) Tj ET Q q 0 0 0 rg BT 66.02 696.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 85.93 696.50 Td (are ) Tj ET Q q 0 0 0 rg BT 99.35 696.50 Td (included ) Tj ET Q q 0 0 0 rg BT 130.54 696.50 Td (within ) Tj ET Q q 0 0 0 rg BT 152.62 696.50 Td (this ) Tj ET Q q 0 0 0 rg BT 166.91 696.50 Td (MD&A.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (RISKS ) Tj ET Q q 0 0 0 rg BT 75.18 673.10 Td (AND UNCERT) Tj ET Q q 0 0 0 rg BT 126.09 673.10 Td (AINTIES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 655.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.06 655.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.40 655.70 Td (s ) Tj ET Q q 0 0 0 rg BT 90.43 655.70 Td (business ) Tj ET Q q 0 0 0 rg BT 123.31 655.70 Td (is ) Tj ET Q q 0 0 0 rg BT 131.07 655.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 157.89 655.70 Td (to ) Tj ET Q q 0 0 0 rg BT 166.52 655.70 Td (a ) Tj ET Q q 0 0 0 rg BT 172.99 655.70 Td (number ) Tj ET Q q 0 0 0 rg BT 201.53 655.70 Td (of ) Tj ET Q q 0 0 0 rg BT 210.16 655.70 Td (risks ) Tj ET Q q 0 0 0 rg BT 228.31 655.70 Td (and ) Tj ET Q q 0 0 0 rg BT 243.44 655.70 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 289.75 655.70 Td (which ) Tj ET Q q 0 0 0 rg BT 311.79 655.70 Td (are ) Tj ET Q q 0 0 0 rg BT 325.19 655.70 Td (described ) Tj ET Q q 0 0 0 rg BT 361.10 655.70 Td (in ) Tj ET Q q 0 0 0 rg BT 369.29 655.70 Td (its ) Tj ET Q q 0 0 0 rg BT 379.22 655.70 Td (most ) Tj ET Q q 0 0 0 rg BT 398.24 655.70 Td (recently ) Tj ET Q q 0 0 0 rg BT 427.65 655.70 Td (filed ) Tj ET Q q 0 0 0 rg BT 443.66 655.70 Td (Annual ) Tj ET Q q 0 0 0 rg BT 470.04 655.70 Td (Information ) Tj ET Q q 0 0 0 rg BT 511.15 655.70 Td (Form ) Tj ET Q q 0 0 0 rg BT 531.46 655.70 Td (for ) Tj ET Q q 0 0 0 rg BT 542.69 655.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 644.30 Td (year ) Tj ET Q q 0 0 0 rg BT 66.78 644.30 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 90.57 644.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 141.62 644.30 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 158.95 644.30 Td (, ) Tj ET Q q 0 0 0 rg BT 163.24 644.30 Td (available ) Tj ET Q q 0 0 0 rg BT 196.11 644.30 Td (on ) Tj ET Q q 0 0 0 rg BT 206.90 644.30 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 235.86 644.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.38823529411764707 0.7568627450980392 RG /GS0 gs 0.70 w 0 i [] 0 d 1 J 1 j 3 M 244.48046875 642.9455078125 m 299.0322265625 642.9455078125 l s q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 244.48 644.30 Td (www) Tj ET Q q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 260.92 644.30 Td (.sedar) Tj ET Q q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 282.15 644.30 Td (.com) Tj ET Q BT /F3 9.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 299.03 644.30 Td (. ) Tj ET Q q 0 0 0 rg BT 302.90 644.30 Td (Additional ) Tj ET Q q 0 0 0 rg BT 339.24 644.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 357.38 644.30 Td (and ) Tj ET Q q 0 0 0 rg BT 372.50 644.30 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 418.80 644.30 Td (not ) Tj ET Q q 0 0 0 rg BT 431.76 644.30 Td (presently ) Tj ET Q q 0 0 0 rg BT 465.50 644.30 Td (known ) Tj ET Q q 0 0 0 rg BT 490.14 644.30 Td (to ) Tj ET Q q 0 0 0 rg BT 498.76 644.30 Td (the ) Tj ET Q q 0 0 0 rg BT 511.71 644.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 529.32 644.30 Td ( ) Tj ET Q q 0 0 0 rg BT 531.45 644.30 Td (or ) Tj ET Q q 0 0 0 rg BT 540.50 644.30 Td (that ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.73 632.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.34 632.90 Td ( ) Tj ET Q q 0 0 0 rg BT 82.73 632.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 115.00 632.90 Td (considers ) Tj ET Q q 0 0 0 rg BT 150.74 632.90 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 189.06 632.90 Td (also ) Tj ET Q q 0 0 0 rg BT 205.75 632.90 Td (may ) Tj ET Q q 0 0 0 rg BT 222.86 632.90 Td (impair ) Tj ET Q q 0 0 0 rg BT 246.47 632.90 Td (its ) Tj ET Q q 0 0 0 rg BT 256.65 632.90 Td (business ) Tj ET Q q 0 0 0 rg BT 289.80 632.90 Td (and ) Tj ET Q q 0 0 0 rg BT 305.19 632.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 343.97 632.90 Td (and ) Tj ET Q q 0 0 0 rg BT 359.36 632.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 382.55 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 395.77 632.90 Td (price ) Tj ET Q q 0 0 0 rg BT 415.05 632.90 Td (of ) Tj ET Q q 0 0 0 rg BT 423.95 632.90 Td (the ) Tj ET Q q 0 0 0 rg BT 437.17 632.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 462.70 632.90 Td (units ) Tj ET Q q 0 0 0 rg BT 481.56 632.90 Td (to ) Tj ET Q q 0 0 0 rg BT 490.45 632.90 Td (decline ) Tj ET Q q 0 0 0 rg BT 517.53 632.90 Td (in ) Tj ET Q q 0 0 0 rg BT 525.99 632.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 549.18 632.90 Td (If ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 621.50 Td (any ) Tj ET Q q 0 0 0 rg BT 63.73 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 71.90 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 84.40 621.50 Td (noted ) Tj ET Q q 0 0 0 rg BT 105.57 621.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 123.25 621.50 Td (actually ) Tj ET Q q 0 0 0 rg BT 151.34 621.50 Td (occur) Tj ET Q q 0 0 0 rg BT 169.97 621.50 Td (, ) Tj ET Q q 0 0 0 rg BT 173.80 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 186.31 621.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 205.64 621.50 Td (s ) Tj ET Q q 0 0 0 rg BT 211.21 621.50 Td (business ) Tj ET Q q 0 0 0 rg BT 243.63 621.50 Td (may ) Tj ET Q q 0 0 0 rg BT 260.02 621.50 Td (be ) Tj ET Q q 0 0 0 rg BT 270.36 621.50 Td (harmed ) Tj ET Q q 0 0 0 rg BT 298.44 621.50 Td (and ) Tj ET Q q 0 0 0 rg BT 313.11 621.50 Td (the ) Tj ET Q q 0 0 0 rg BT 325.61 621.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 355.86 621.50 Td (condition ) Tj ET Q q 0 0 0 rg BT 388.72 621.50 Td (and ) Tj ET Q q 0 0 0 rg BT 403.39 621.50 Td (results ) Tj ET Q q 0 0 0 rg BT 428.01 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 436.18 621.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 474.23 621.50 Td (may ) Tj ET Q q 0 0 0 rg BT 490.62 621.50 Td (suf) Tj ET Q q 0 0 0 rg BT 500.88 621.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 511.64 621.50 Td (significantly) Tj ET Q q 0 0 0 rg BT 551.35 621.50 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (In ) Tj ET Q q 0 0 0 rg BT 58.17 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 73.33 610.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 96.72 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.72 610.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 135.71 610.10 Td (price ) Tj ET Q q 0 0 0 rg BT 154.76 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.43 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.42 610.10 Td (units ) Tj ET Q q 0 0 0 rg BT 195.05 610.10 Td (could ) Tj ET Q q 0 0 0 rg BT 215.84 610.10 Td (decline, ) Tj ET Q q 0 0 0 rg BT 244.86 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.02 610.10 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 300.30 610.10 Td (may ) Tj ET Q q 0 0 0 rg BT 317.19 610.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 333.65 610.10 Td (all ) Tj ET Q q 0 0 0 rg BT 343.61 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 352.70 610.10 Td (part ) Tj ET Q q 0 0 0 rg BT 368.29 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.96 610.10 Td (their ) Tj ET Q q 0 0 0 rg BT 394.28 610.10 Td (investment.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 586.70 Td (SIGNIFICANT DEVELOPMENTS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 569.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.85 569.30 Td (successful ) Tj ET Q q 0 0 0 rg BT 103.14 569.30 Td (repositioning ) Tj ET Q q 0 0 0 rg BT 149.24 569.30 Td (of ) Tj ET Q q 0 0 0 rg BT 157.66 569.30 Td (the ) Tj ET Q q 0 0 0 rg BT 170.41 569.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 195.47 569.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 225.10 569.30 Td (in ) Tj ET Q q 0 0 0 rg BT 233.09 569.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 252.34 569.30 Td (to ) Tj ET Q q 0 0 0 rg BT 260.76 569.30 Td (a ) Tj ET Q q 0 0 0 rg BT 267.01 569.30 Td (pure-play ) Tj ET Q q 0 0 0 rg BT 301.41 569.30 Td (of) Tj ET Q q 0 0 0 rg BT 307.77 569.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 321.82 569.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 351.46 569.30 Td (has ) Tj ET Q q 0 0 0 rg BT 365.94 569.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 397.74 569.30 Td (the ) Tj ET Q q 0 0 0 rg BT 410.50 569.30 Td (foundation ) Tj ET Q q 0 0 0 rg BT 448.81 569.30 Td (for ) Tj ET Q q 0 0 0 rg BT 459.82 569.30 Td (the ) Tj ET Q q 0 0 0 rg BT 472.57 569.30 Td (strong ) Tj ET Q q 0 0 0 rg BT 496.15 569.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 530.56 569.30 Td (results ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 557.90 Td (realized ) Tj ET Q q 0 0 0 rg BT 78.95 557.90 Td (during ) Tj ET Q q 0 0 0 rg BT 102.77 557.90 Td (the ) Tj ET Q q 0 0 0 rg BT 115.77 557.90 Td (third ) Tj ET Q q 0 0 0 rg BT 133.09 557.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 159.94 557.90 Td (of ) Tj ET Q q 0 0 0 rg BT 168.60 557.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 190.13 557.90 Td (The ) Tj ET Q q 0 0 0 rg BT 205.72 557.90 Td (following ) Tj ET Q q 0 0 0 rg BT 238.20 557.90 Td (are ) Tj ET Q q 0 0 0 rg BT 251.62 557.90 Td (the ) Tj ET Q q 0 0 0 rg BT 264.62 557.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 301.44 557.90 Td (highlights ) Tj ET Q q 0 0 0 rg BT 336.52 557.90 Td (in ) Tj ET Q q 0 0 0 rg BT 344.75 557.90 Td (the ) Tj ET Q q 0 0 0 rg BT 357.75 557.90 Td (quarter: ) 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 (On ) Tj ET Q q 0 0 0 rg BT 79.80 540.50 Td (September ) Tj ET Q q 0 0 0 rg BT 119.80 540.50 Td (8, ) Tj ET Q q 0 0 0 rg BT 128.20 540.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 149.60 540.50 Td (the ) Tj ET Q q 0 0 0 rg BT 162.33 540.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 179.94 540.50 Td ( ) Tj ET Q q 0 0 0 rg BT 181.84 540.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 213.63 540.50 Td (365 ) Tj ET Q q 0 0 0 rg BT 228.53 540.50 Td (Hargrave, ) Tj ET Q q 0 0 0 rg BT 264.63 540.50 Td (a ) Tj ET Q q 0 0 0 rg BT 270.86 540.50 Td (government-tenanted ) Tj ET Q q 0 0 0 rg BT 346.83 540.50 Td (of) Tj ET Q q 0 0 0 rg BT 353.19 540.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 367.22 540.50 Td (building ) Tj ET Q q 0 0 0 rg BT 395.97 540.50 Td (located ) Tj ET Q q 0 0 0 rg BT 423.00 540.50 Td (in ) Tj ET Q q 0 0 0 rg BT 430.96 540.50 Td (the ) Tj ET Q q 0 0 0 rg BT 443.69 540.50 Td (heart ) Tj ET Q q 0 0 0 rg BT 463.35 540.50 Td (of ) Tj ET Q q 0 0 0 rg BT 471.75 540.50 Td (Winnipeg, ) Tj ET Q q 0 0 0 rg BT 508.29 540.50 Td (Manitoba, ) Tj ET Q q 0 0 0 rg BT 544.41 540.50 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 529.10 Td ($12.3 ) Tj ET Q q 0 0 0 rg BT 89.25 529.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 111.32 529.10 Td (. ) Tj ET Q q 0 0 0 rg BT 115.60 529.10 Td (The ) Tj ET Q q 0 0 0 rg BT 131.28 529.10 Td (building ) Tj ET Q q 0 0 0 rg BT 160.38 529.10 Td (totals ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 181.26 529.10 Td (71,472) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 205.09 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.34 529.10 Td (square ) Tj ET Q q 0 0 0 rg BT 233.41 529.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 248.66 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.41 529.10 Td (GLA) Tj ET Q q 0 0 0 rg BT 272.57 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.82 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.07 529.10 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.95 529.10 Td (90.1%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 320.04 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.29 529.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 347.50 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.25 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.33 529.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 414.45 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.20 529.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 452.74 529.10 Td (through ) Tj ET Q q 0 0 0 rg BT 481.41 529.10 Td (2025. ) Tj ET Q q 0 0 0 rg BT 503.16 529.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 547.00 529.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 517.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 106.48 517.70 Td (the ) Tj ET Q q 0 0 0 rg BT 119.48 517.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 137.09 517.70 Td ( ) Tj ET Q q 0 0 0 rg BT 139.25 517.70 Td (arranged ) Tj ET Q q 0 0 0 rg BT 172.60 517.70 Td (a ) Tj ET Q q 0 0 0 rg BT 179.10 517.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 214.18 517.70 Td (in ) Tj ET Q q 0 0 0 rg BT 222.41 517.70 Td (the ) Tj ET Q q 0 0 0 rg BT 235.41 517.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 263.56 517.70 Td (of ) Tj ET Q q 0 0 0 rg BT 272.23 517.70 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 289.56 517.70 Td (million ) Tj ET Q q 0 0 0 rg BT 313.80 517.70 Td (at ) Tj ET Q q 0 0 0 rg BT 322.46 517.70 Td (a ) Tj ET Q q 0 0 0 rg BT 328.96 517.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 344.55 517.70 Td (of ) Tj ET Q q 0 0 0 rg BT 353.22 517.70 Td (2.65% ) Tj ET Q q 0 0 0 rg BT 377.48 517.70 Td (for ) Tj ET Q q 0 0 0 rg BT 388.74 517.70 Td (a ) Tj ET Q q 0 0 0 rg BT 395.23 517.70 Td (five-year ) Tj ET Q q 0 0 0 rg BT 427.27 517.70 Td (term. ) 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 (The ) Tj ET Q q 0 0 0 rg BT 83.09 500.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 100.70 500.30 Td ( ) Tj ET Q q 0 0 0 rg BT 102.87 500.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 138.82 500.30 Td (its ) Tj ET Q q 0 0 0 rg BT 148.78 500.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 176.50 500.30 Td (in ) Tj ET Q q 0 0 0 rg BT 184.73 500.30 Td (its ) Tj ET Q q 0 0 0 rg BT 194.69 500.30 Td (three ) Tj ET Q q 0 0 0 rg BT 214.62 500.30 Td (co-owned ) Tj ET Q q 0 0 0 rg BT 250.56 500.30 Td (of) Tj ET Q q 0 0 0 rg BT 256.93 500.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 271.22 500.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 308.03 500.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 323.62 500.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 337.91 500.30 Td (John) Tj ET Q q 0 0 0 rg BT 356.40 500.30 Td (s ) Tj ET Q q 0 0 0 rg BT 362.47 500.30 Td (Places\) ) Tj ET Q q 0 0 0 rg BT 393.21 500.30 Td (by ) Tj ET Q q 0 0 0 rg BT 403.60 500.30 Td (51% ) Tj ET Q q 0 0 0 rg BT 421.36 500.30 Td (to ) Tj ET Q q 0 0 0 rg BT 430.03 500.30 Td (100% ) Tj ET Q q 0 0 0 rg BT 452.12 500.30 Td (on ) Tj ET Q q 0 0 0 rg BT 462.96 500.30 Td (September ) Tj ET Q q 0 0 0 rg BT 503.23 500.30 Td (8, ) Tj ET Q q 0 0 0 rg BT 511.90 500.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 533.57 500.30 Td (for ) Tj ET Q q 0 0 0 rg BT 544.83 500.30 Td (an ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 488.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 103.51 488.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 143.84 488.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 153.00 488.90 Td ($73.4 ) Tj ET Q q 0 0 0 rg BT 175.15 488.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 197.23 488.90 Td (. ) Tj ET Q q 0 0 0 rg BT 201.89 488.90 Td (The ) Tj ET Q q 0 0 0 rg BT 217.97 488.90 Td (acquired ) Tj ET Q q 0 0 0 rg BT 250.51 488.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 278.72 488.90 Td (was ) Tj ET Q q 0 0 0 rg BT 295.23 488.90 Td (funded ) Tj ET Q q 0 0 0 rg BT 321.71 488.90 Td (by ) Tj ET Q q 0 0 0 rg BT 332.60 488.90 Td (the ) Tj ET Q q 0 0 0 rg BT 346.09 488.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 363.70 488.90 Td ( ) Tj ET Q q 0 0 0 rg BT 366.35 488.90 Td (through ) Tj ET Q q 0 0 0 rg BT 395.43 488.90 Td (a ) Tj ET Q q 0 0 0 rg BT 402.42 488.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 447.09 488.90 Td (of ) Tj ET Q q 0 0 0 rg BT 456.25 488.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 475.36 488.90 Td (and ) Tj ET Q q 0 0 0 rg BT 491.02 488.90 Td (the ) Tj ET Q q 0 0 0 rg BT 504.50 488.90 Td (assumption ) Tj ET Q q 0 0 0 rg BT 547.00 488.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 477.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 96.08 477.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 131.16 477.50 Td (financing. ) Tj ET Q q 0 0 0 rg BT 166.55 477.50 Td (The ) Tj ET Q q 0 0 0 rg BT 182.14 477.50 Td (St. ) Tj ET Q q 0 0 0 rg BT 193.83 477.50 Td (John) Tj ET Q q 0 0 0 rg BT 212.32 477.50 Td (s ) Tj ET Q q 0 0 0 rg BT 218.39 477.50 Td (Places ) Tj ET Q q 0 0 0 rg BT 243.94 477.50 Td (comprise ) Tj ET Q q 0 0 0 rg BT 277.71 477.50 Td (three ) Tj ET Q q 0 0 0 rg BT 297.63 477.50 Td (well ) Tj ET Q q 0 0 0 rg BT 313.21 477.50 Td (situated ) Tj ET Q q 0 0 0 rg BT 342.67 477.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 363.89 477.50 Td (A) Tj ET Q q 0 0 0 rg BT 368.66 477.50 Td ( ) Tj ET Q q 0 0 0 rg BT 370.82 477.50 Td (of) Tj ET Q q 0 0 0 rg BT 377.19 477.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 391.48 477.50 Td (towers ) Tj ET Q q 0 0 0 rg BT 416.59 477.50 Td (in ) Tj ET Q q 0 0 0 rg BT 424.82 477.50 Td (St. ) Tj ET Q q 0 0 0 rg BT 436.51 477.50 Td (John) Tj ET Q q 0 0 0 rg BT 455.00 477.50 Td (s, ) Tj ET Q q 0 0 0 rg BT 463.23 477.50 Td (Newfoundland.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 460.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 460.10 Td (On ) Tj ET Q q 0 0 0 rg BT 80.28 460.10 Td (September ) Tj ET Q q 0 0 0 rg BT 120.78 460.10 Td (7, ) Tj ET Q q 0 0 0 rg BT 129.67 460.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 151.55 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.77 460.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 182.38 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.77 460.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 223.10 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.32 460.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 269.46 460.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 278.34 460.10 Td (6,104,500) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 313.00 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.39 460.10 Td (units ) Tj ET Q q 0 0 0 rg BT 334.24 460.10 Td (for ) Tj ET Q q 0 0 0 rg BT 345.72 460.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 367.16 460.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 401.59 460.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.48 460.10 Td ($51.6 ) Tj ET Q q 0 0 0 rg BT 432.36 460.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.44 460.10 Td (. ) Tj ET Q q 0 0 0 rg BT 458.99 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.23 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 477.05 460.10 Td (net ) Tj ET Q q 0 0 0 rg BT 490.26 460.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 524.70 460.10 Td (from ) Tj ET Q q 0 0 0 rg BT 542.67 460.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 448.70 Td (issuance ) Tj ET Q q 0 0 0 rg BT 100.33 448.70 Td (were ) Tj ET Q q 0 0 0 rg BT 119.28 448.70 Td (initially ) Tj ET Q q 0 0 0 rg BT 144.74 448.70 Td (used ) Tj ET Q q 0 0 0 rg BT 163.71 448.70 Td (to ) Tj ET Q q 0 0 0 rg BT 172.29 448.70 Td (repay ) Tj ET Q q 0 0 0 rg BT 193.85 448.70 Td (debt, ) Tj ET Q q 0 0 0 rg BT 213.26 448.70 Td (but ) Tj ET Q q 0 0 0 rg BT 226.17 448.70 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 274.16 448.70 Td (redrawn ) Tj ET Q q 0 0 0 rg BT 304.37 448.70 Td (in-part ) Tj ET Q q 0 0 0 rg BT 328.53 448.70 Td (to ) Tj ET Q q 0 0 0 rg BT 337.11 448.70 Td (fund ) Tj ET Q q 0 0 0 rg BT 354.35 448.70 Td (the ) Tj ET Q q 0 0 0 rg BT 367.25 448.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 406.15 448.70 Td (of ) Tj ET Q q 0 0 0 rg BT 414.72 448.70 Td (365 ) Tj ET Q q 0 0 0 rg BT 429.79 448.70 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 463.91 448.70 Td (and ) Tj ET Q q 0 0 0 rg BT 478.98 448.70 Td (the ) Tj ET Q q 0 0 0 rg BT 491.89 448.70 Td (St. ) Tj ET Q q 0 0 0 rg BT 503.49 448.70 Td (John) Tj ET Q q 0 0 0 rg BT 521.98 448.70 Td (s ) Tj ET Q q 0 0 0 rg BT 527.96 448.70 Td (Places. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 437.30 Td (During ) Tj ET Q q 0 0 0 rg BT 92.32 437.30 Td (the ) Tj ET Q q 0 0 0 rg BT 105.02 437.30 Td (third ) Tj ET Q q 0 0 0 rg BT 122.05 437.30 Td (quarter) Tj ET Q q 0 0 0 rg BT 146.31 437.30 Td (, ) Tj ET Q q 0 0 0 rg BT 150.35 437.30 Td (there ) Tj ET Q q 0 0 0 rg BT 169.98 437.30 Td (has ) Tj ET Q q 0 0 0 rg BT 184.41 437.30 Td (been ) Tj ET Q q 0 0 0 rg BT 203.62 437.30 Td (a ) Tj ET Q q 0 0 0 rg BT 209.82 437.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 246.34 437.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 277.66 437.30 Td (in ) Tj ET Q q 0 0 0 rg BT 285.60 437.30 Td (the ) Tj ET Q q 0 0 0 rg BT 298.31 437.30 Td (trading ) Tj ET Q q 0 0 0 rg BT 324.00 437.30 Td (volume ) Tj ET Q q 0 0 0 rg BT 350.99 437.30 Td (of ) Tj ET Q q 0 0 0 rg BT 359.36 437.30 Td (units ) Tj ET Q q 0 0 0 rg BT 377.69 437.30 Td (of ) Tj ET Q q 0 0 0 rg BT 386.06 437.30 Td (the ) Tj ET Q q 0 0 0 rg BT 398.77 437.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 416.38 437.30 Td ( ) Tj ET Q q 0 0 0 rg BT 418.25 437.30 Td (when ) Tj ET Q q 0 0 0 rg BT 438.75 437.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 475.26 437.30 Td (to ) Tj ET Q q 0 0 0 rg BT 483.63 437.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 516.25 437.30 Td (levels. ) Tj ET Q q 0 0 0 rg BT 540.09 437.30 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 425.90 Td (volume ) Tj ET Q q 0 0 0 rg BT 94.51 425.90 Td (of ) Tj ET Q q 0 0 0 rg BT 102.91 425.90 Td (units ) Tj ET Q q 0 0 0 rg BT 121.27 425.90 Td (that ) Tj ET Q q 0 0 0 rg BT 136.16 425.90 Td (traded ) Tj ET Q q 0 0 0 rg BT 160.15 425.90 Td (for ) Tj ET Q q 0 0 0 rg BT 171.14 425.90 Td (the ) Tj ET Q q 0 0 0 rg BT 183.87 425.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 210.45 425.90 Td (ending ) Tj ET Q q 0 0 0 rg BT 235.74 425.90 Td (September ) Tj ET Q q 0 0 0 rg BT 275.75 425.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 288.48 425.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 309.87 425.90 Td (was ) Tj ET Q q 0 0 0 rg BT 325.62 425.90 Td (over ) Tj ET Q q 0 0 0 rg BT 342.67 425.90 Td (8.6 ) Tj ET Q q 0 0 0 rg BT 355.40 425.90 Td (million ) Tj ET Q q 0 0 0 rg BT 379.38 425.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 415.92 425.90 Td (to ) Tj ET Q q 0 0 0 rg BT 424.31 425.90 Td (4.5 ) Tj ET Q q 0 0 0 rg BT 437.04 425.90 Td (million ) Tj ET Q q 0 0 0 rg BT 461.02 425.90 Td (units ) Tj ET Q q 0 0 0 rg BT 479.37 425.90 Td (traded ) Tj ET Q q 0 0 0 rg BT 503.36 425.90 Td (in ) Tj ET Q q 0 0 0 rg BT 511.32 425.90 Td (the ) Tj ET Q q 0 0 0 rg BT 524.05 425.90 Td (previous ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 414.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 91.76 414.50 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 397.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 397.10 Td (The ) Tj ET Q q 0 0 0 rg BT 83.27 397.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 100.88 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.22 397.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 141.51 397.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.18 397.10 Td (total ) Tj ET Q q 0 0 0 rg BT 165.26 397.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 174.10 397.10 Td (335,231) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 202.26 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.60 397.10 Td (square ) Tj ET Q q 0 0 0 rg BT 230.77 397.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 246.11 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.95 397.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 281.98 397.10 Td (during ) Tj ET Q q 0 0 0 rg BT 305.98 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.15 397.10 Td (third ) Tj ET Q q 0 0 0 rg BT 336.65 397.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 363.68 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.52 397.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 394.36 397.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 432.64 397.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.48 397.10 Td (257,551) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 469.64 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.99 397.10 Td (square ) Tj ET Q q 0 0 0 rg BT 498.15 397.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 513.49 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.33 397.10 Td (renewals ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 385.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 82.69 385.70 Td (77,680) Tj ET Q /GS0 gs q 9.63 0 0 9.92 106.52 383.70 cm /I4 Do Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 116.15 385.70 Td (square ) Tj ET Q q 0 0 0 rg BT 142.16 385.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 157.35 385.70 Td (of ) Tj ET Q q 0 0 0 rg BT 166.05 385.70 Td (new ) Tj ET Q q 0 0 0 rg BT 182.53 385.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 203.35 385.70 Td (deals. ) Tj ET Q q 0 0 0 rg BT 226.20 385.70 Td (The ) Tj ET Q q 0 0 0 rg BT 241.82 385.70 Td (most ) Tj ET Q q 0 0 0 rg BT 260.90 385.70 Td (notable ) Tj ET Q q 0 0 0 rg BT 288.65 385.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 328.96 385.70 Td (was ) Tj ET Q q 0 0 0 rg BT 345.01 385.70 Td (a ) Tj ET Q q 0 0 0 rg BT 351.53 385.70 Td (long-term ) Tj ET Q q 0 0 0 rg BT 386.63 385.70 Td (renewal ) Tj ET Q q 0 0 0 rg BT 416.10 385.70 Td (with ) Tj ET Q q 0 0 0 rg BT 432.15 385.70 Td (Medavie ) Tj ET Q q 0 0 0 rg BT 463.79 385.70 Td (Blue ) Tj ET Q q 0 0 0 rg BT 481.58 385.70 Td (Cross, ) Tj ET Q q 0 0 0 rg BT 506.28 385.70 Td (who ) Tj ET Q q 0 0 0 rg BT 522.76 385.70 Td (occupies ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 374.30 Td (155,470 ) Tj ET Q q 0 0 0 rg BT 97.84 374.30 Td (square ) Tj ET Q q 0 0 0 rg BT 123.83 374.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 139.00 374.30 Td (or ) Tj ET Q q 0 0 0 rg BT 148.10 374.30 Td (49% ) Tj ET Q q 0 0 0 rg BT 165.87 374.30 Td (of ) Tj ET Q q 0 0 0 rg BT 174.54 374.30 Td (the ) Tj ET Q q 0 0 0 rg BT 187.55 374.30 Td (Blue ) Tj ET Q q 0 0 0 rg BT 205.32 374.30 Td (Cross ) Tj ET Q q 0 0 0 rg BT 227.83 374.30 Td (Centre ) Tj ET Q q 0 0 0 rg BT 253.39 374.30 Td (in ) Tj ET Q q 0 0 0 rg BT 261.62 374.30 Td (Moncton, ) Tj ET Q q 0 0 0 rg BT 295.85 374.30 Td (New ) Tj ET Q q 0 0 0 rg BT 313.60 374.30 Td (Brunswick. ) Tj ET Q q 0 0 0 rg BT 353.44 374.30 Td ( ) Tj ET Q q 0 0 0 rg BT 355.48 374.30 Td (This ) Tj ET Q q 0 0 0 rg BT 372.37 374.30 Td (renewal ) Tj ET Q q 0 0 0 rg BT 401.82 374.30 Td (extends ) Tj ET Q q 0 0 0 rg BT 431.28 374.30 Td (the ) Tj ET Q q 0 0 0 rg BT 444.29 374.30 Td (term ) Tj ET Q q 0 0 0 rg BT 462.05 374.30 Td (of ) Tj ET Q q 0 0 0 rg BT 470.72 374.30 Td (the ) Tj ET Q q 0 0 0 rg BT 483.73 374.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 504.53 374.30 Td (until ) Tj ET Q q 0 0 0 rg BT 520.99 374.30 Td (2029 ) Tj ET Q q 0 0 0 rg BT 540.50 374.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 362.90 Td (is ) Tj ET Q q 0 0 0 rg BT 75.50 362.90 Td (consistent ) Tj ET Q q 0 0 0 rg BT 112.95 362.90 Td (with ) Tj ET Q q 0 0 0 rg BT 129.17 362.90 Td (the ) Tj ET Q q 0 0 0 rg BT 142.38 362.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 161.71 362.90 Td (s ) Tj ET Q q 0 0 0 rg BT 167.98 362.90 Td (strategy ) Tj ET Q q 0 0 0 rg BT 198.07 362.90 Td (to ) Tj ET Q q 0 0 0 rg BT 206.94 362.90 Td (enter ) Tj ET Q q 0 0 0 rg BT 227.07 362.90 Td (into ) Tj ET Q q 0 0 0 rg BT 242.00 362.90 Td (advance ) Tj ET Q q 0 0 0 rg BT 273.83 362.90 Td (discussions ) Tj ET Q q 0 0 0 rg BT 316.47 362.90 Td (with ) Tj ET Q q 0 0 0 rg BT 332.69 362.90 Td (major ) Tj ET Q q 0 0 0 rg BT 354.54 362.90 Td (tenants. ) Tj ET Q q 0 0 0 rg BT 384.49 362.90 Td (The ) Tj ET Q q 0 0 0 rg BT 400.28 362.90 Td (average ) Tj ET Q q 0 0 0 rg BT 430.81 362.90 Td (rental ) Tj ET Q q 0 0 0 rg BT 452.67 362.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 468.46 362.90 Td (over ) Tj ET Q q 0 0 0 rg BT 485.99 362.90 Td (the ) Tj ET Q q 0 0 0 rg BT 499.19 362.90 Td (term ) Tj ET Q q 0 0 0 rg BT 517.14 362.90 Td (of ) Tj ET Q q 0 0 0 rg BT 526.01 362.90 Td (the ) Tj ET Q q 0 0 0 rg BT 539.21 362.90 Td (new ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 351.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 88.29 351.50 Td (is ) Tj ET Q q 0 0 0 rg BT 96.08 351.50 Td (above ) Tj ET Q q 0 0 0 rg BT 119.48 351.50 Td (the ) Tj ET Q q 0 0 0 rg BT 132.48 351.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 151.81 351.50 Td (s ) Tj ET Q q 0 0 0 rg BT 157.88 351.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 196.86 351.50 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 241.46 351.50 Td (on ) Tj ET Q q 0 0 0 rg BT 252.29 351.50 Td (June ) Tj ET Q q 0 0 0 rg BT 271.35 351.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 284.35 351.50 Td (2015. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 334.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 334.10 Td (The ) Tj ET Q q 0 0 0 rg BT 83.81 334.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 111.38 334.10 Td (momentum ) Tj ET Q q 0 0 0 rg BT 153.23 334.10 Td (at ) Tj ET Q q 0 0 0 rg BT 162.62 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.34 334.10 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 209.09 334.10 Td (Centre ) Tj ET Q q 0 0 0 rg BT 235.35 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.30 334.10 Td (Halifax, ) Tj ET Q q 0 0 0 rg BT 273.17 334.10 Td (Nova ) Tj ET Q q 0 0 0 rg BT 294.23 334.10 Td (Scotia ) Tj ET Q q 0 0 0 rg BT 318.77 334.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.29 334.10 Td (also ) Tj ET Q q 0 0 0 rg BT 344.46 334.10 Td (important ) Tj ET Q q 0 0 0 rg BT 379.83 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.21 334.10 Td (highlight. ) Tj ET Q q 0 0 0 rg BT 422.72 334.10 Td (As ) Tj ET Q q 0 0 0 rg BT 434.69 334.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 472.65 334.10 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 510.19 334.10 Td (Bell ) Tj ET Q q 0 0 0 rg BT 525.49 334.10 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 547.87 334.10 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 322.70 Td (vacating ) Tj ET Q q 0 0 0 rg BT 97.85 322.70 Td (193,861 ) Tj ET Q q 0 0 0 rg BT 127.35 322.70 Td (square ) Tj ET Q q 0 0 0 rg BT 152.51 322.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 166.84 322.70 Td (on ) Tj ET Q q 0 0 0 rg BT 176.58 322.70 Td (April ) Tj ET Q q 0 0 0 rg BT 193.49 322.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 205.66 322.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 226.49 322.70 Td (and ) Tj ET Q q 0 0 0 rg BT 240.82 322.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 287.63 322.70 Td (has ) Tj ET Q q 0 0 0 rg BT 301.53 322.70 Td (been ) Tj ET Q q 0 0 0 rg BT 320.19 322.70 Td (working ) Tj ET Q q 0 0 0 rg BT 348.37 322.70 Td (with ) Tj ET Q q 0 0 0 rg BT 363.56 322.70 Td (existing ) Tj ET Q q 0 0 0 rg BT 391.31 322.70 Td (sub-tenants ) Tj ET Q q 0 0 0 rg BT 433.36 322.70 Td (and ) Tj ET Q q 0 0 0 rg BT 447.69 322.70 Td (new ) Tj ET Q q 0 0 0 rg BT 463.31 322.70 Td (tenants ) Tj ET Q q 0 0 0 rg BT 490.21 322.70 Td (to ) Tj ET Q q 0 0 0 rg BT 498.04 322.70 Td (drive ) Tj ET Q q 0 0 0 rg BT 516.26 322.70 Td (occupancy ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 311.30 Td (and ) Tj ET Q q 0 0 0 rg BT 82.70 311.30 Td (grow ) Tj ET Q q 0 0 0 rg BT 101.79 311.30 Td (rents ) Tj ET Q q 0 0 0 rg BT 121.31 311.30 Td (significantly) Tj ET Q q 0 0 0 rg BT 161.01 311.30 Td (. ) Tj ET Q q 0 0 0 rg BT 165.25 311.30 Td (T) Tj ET Q q 0 0 0 rg BT 169.58 311.30 Td (wo ) Tj ET Q q 0 0 0 rg BT 181.74 311.30 Td (new ) Tj ET Q q 0 0 0 rg BT 198.23 311.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 219.06 311.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 263.27 311.30 Td (have ) Tj ET Q q 0 0 0 rg BT 282.37 311.30 Td (been ) Tj ET Q q 0 0 0 rg BT 301.90 311.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 340.05 311.30 Td (- ) Tj ET Q q 0 0 0 rg BT 344.85 311.30 Td (the ) Tj ET Q q 0 0 0 rg BT 357.88 311.30 Td (Province ) Tj ET Q q 0 0 0 rg BT 390.40 311.30 Td (of ) Tj ET Q q 0 0 0 rg BT 399.10 311.30 Td (Nova ) Tj ET Q q 0 0 0 rg BT 419.48 311.30 Td (Scotia ) Tj ET Q q 0 0 0 rg BT 443.34 311.30 Td (is ) Tj ET Q q 0 0 0 rg BT 451.17 311.30 Td (occupying ) Tj ET Q q 0 0 0 rg BT 488.46 311.30 Td (41,571 ) Tj ET Q q 0 0 0 rg BT 514.49 311.30 Td (square ) Tj ET Q q 0 0 0 rg BT 540.52 311.30 Td (feet ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 299.90 Td (and ) Tj ET Q q 0 0 0 rg BT 82.46 299.90 Td (Dalhousie ) Tj ET Q q 0 0 0 rg BT 119.07 299.90 Td (University ) Tj ET Q q 0 0 0 rg BT 155.23 299.90 Td (is ) Tj ET Q q 0 0 0 rg BT 162.82 299.90 Td (occupying ) Tj ET Q q 0 0 0 rg BT 199.86 299.90 Td (10,217 ) Tj ET Q q 0 0 0 rg BT 225.66 299.90 Td (square ) Tj ET Q q 0 0 0 rg BT 251.44 299.90 Td (feet ) Tj ET Q q 0 0 0 rg BT 266.40 299.90 Td (- ) Tj ET Q q 0 0 0 rg BT 270.96 299.90 Td (and ) Tj ET Q q 0 0 0 rg BT 285.92 299.90 Td (together ) Tj ET Q q 0 0 0 rg BT 316.47 299.90 Td (these ) Tj ET Q q 0 0 0 rg BT 337.49 299.90 Td (deals ) Tj ET Q q 0 0 0 rg BT 358.08 299.90 Td (represent ) Tj ET Q q 0 0 0 rg BT 392.96 299.90 Td (a ) Tj ET Q q 0 0 0 rg BT 399.25 299.90 Td (46.2% ) Tj ET Q q 0 0 0 rg BT 423.31 299.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 454.72 299.90 Td (over ) Tj ET Q q 0 0 0 rg BT 471.83 299.90 Td (the ) Tj ET Q q 0 0 0 rg BT 484.63 299.90 Td (current ) Tj ET Q q 0 0 0 rg BT 510.84 299.90 Td (in-place ) Tj ET Q q 0 0 0 rg BT 540.08 299.90 Td (rent ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 288.50 Td (from ) Tj ET Q q 0 0 0 rg BT 85.25 288.50 Td (Bell ) Tj ET Q q 0 0 0 rg BT 99.98 288.50 Td (Aliant. ) Tj ET Q q 0 0 0 rg BT 123.38 288.50 Td (An ) Tj ET Q q 0 0 0 rg BT 135.07 288.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 170.59 288.50 Td (66,636 ) Tj ET Q q 0 0 0 rg BT 196.59 288.50 Td (square ) Tj ET Q q 0 0 0 rg BT 222.58 288.50 Td (feet ) Tj ET Q q 0 0 0 rg BT 237.75 288.50 Td (is ) Tj ET Q q 0 0 0 rg BT 245.54 288.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 277.58 288.50 Td (subleased ) Tj ET Q q 0 0 0 rg BT 315.27 288.50 Td (by ) Tj ET Q q 0 0 0 rg BT 325.67 288.50 Td (Bell ) Tj ET Q q 0 0 0 rg BT 340.40 288.50 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 362.05 288.50 Td (and ) Tj ET Q q 0 0 0 rg BT 377.22 288.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 424.86 288.50 Td (is ) Tj ET Q q 0 0 0 rg BT 432.66 288.50 Td (working ) Tj ET Q q 0 0 0 rg BT 461.67 288.50 Td (to ) Tj ET Q q 0 0 0 rg BT 470.33 288.50 Td (convert ) Tj ET Q q 0 0 0 rg BT 498.05 288.50 Td (those ) Tj ET Q q 0 0 0 rg BT 519.28 288.50 Td (tenants ) Tj ET Q q 0 0 0 rg BT 547.01 288.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 277.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 101.73 277.10 Td (head ) Tj ET Q q 0 0 0 rg BT 120.38 277.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 146.40 277.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 193.20 277.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.15 277.10 Td (pleased ) Tj ET Q q 0 0 0 rg BT 228.77 277.10 Td (with ) Tj ET Q q 0 0 0 rg BT 243.94 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.10 277.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 285.58 277.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.00 277.10 Td (this ) Tj ET Q q 0 0 0 rg BT 309.45 277.10 Td (space ) Tj ET Q q 0 0 0 rg BT 331.56 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.39 277.10 Td (date; ) Tj ET Q q 0 0 0 rg BT 358.04 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.20 277.10 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 401.39 277.10 Td (Centre ) Tj ET Q q 0 0 0 rg BT 426.10 277.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 464.23 277.10 Td (an ) Tj ET Q q 0 0 0 rg BT 474.22 277.10 Td (exceptional ) Tj ET Q q 0 0 0 rg BT 514.96 277.10 Td (opportunity ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 265.70 Td (to ) Tj ET Q q 0 0 0 rg BT 76.17 265.70 Td (grow ) Tj ET Q q 0 0 0 rg BT 95.21 265.70 Td (same ) Tj ET Q q 0 0 0 rg BT 116.43 265.70 Td (property ) Tj ET Q q 0 0 0 rg BT 147.18 265.70 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 165.36 265.70 Td (through ) Tj ET Q q 0 0 0 rg BT 193.95 265.70 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 234.23 265.70 Td (rent ) Tj ET Q q 0 0 0 rg BT 249.82 265.70 Td (increases.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 248.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 248.30 Td (The ) Tj ET Q q 0 0 0 rg BT 83.41 248.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 101.02 248.30 Td ( ) Tj ET Q q 0 0 0 rg BT 103.51 248.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 141.95 248.30 Td (the ) Tj ET Q q 0 0 0 rg BT 155.27 248.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 209.30 248.30 Td (of ) Tj ET Q q 0 0 0 rg BT 218.29 248.30 Td (2251 ) Tj ET Q q 0 0 0 rg BT 238.11 248.30 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 277.84 248.30 Td (Drive ) Tj ET Q q 0 0 0 rg BT 298.51 248.30 Td (and ) Tj ET Q q 0 0 0 rg BT 314.00 248.30 Td (turned ) Tj ET Q q 0 0 0 rg BT 338.58 248.30 Td (over ) Tj ET Q q 0 0 0 rg BT 356.22 248.30 Td (the ) Tj ET Q q 0 0 0 rg BT 369.54 248.30 Td (property ) Tj ET Q q 0 0 0 rg BT 400.61 248.30 Td (to ) Tj ET Q q 0 0 0 rg BT 409.60 248.30 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 455.81 248.30 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 485.14 248.30 Td (in ) Tj ET Q q 0 0 0 rg BT 493.69 248.30 Td (July ) Tj ET Q q 0 0 0 rg BT 510.04 248.30 Td (2016. ) Tj ET Q q 0 0 0 rg BT 531.54 248.30 Td (At ) Tj ET Q q 0 0 0 rg BT 541.39 248.30 Td (this ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 236.90 Td (time ) Tj ET Q q 0 0 0 rg BT 83.49 236.90 Td (the ) Tj ET Q q 0 0 0 rg BT 95.58 236.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 113.19 236.90 Td ( ) Tj ET Q q 0 0 0 rg BT 114.46 236.90 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 154.69 236.90 Td (the ) Tj ET Q q 0 0 0 rg BT 166.79 236.90 Td (property ) Tj ET Q q 0 0 0 rg BT 196.64 236.90 Td (from ) Tj ET Q q 0 0 0 rg BT 213.49 236.90 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 266.29 236.90 Td (to ) Tj ET Q q 0 0 0 rg BT 274.05 236.90 Td (income-producing. ) Tj ET Q q 0 0 0 rg BT 339.41 236.90 Td ( ) Tj ET Q q 0 0 0 rg BT 340.68 236.90 Td (Completion ) Tj ET Q q 0 0 0 rg BT 381.34 236.90 Td (of ) Tj ET Q q 0 0 0 rg BT 389.11 236.90 Td (2251 ) Tj ET Q q 0 0 0 rg BT 407.71 236.90 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 446.22 236.90 Td (Drive ) Tj ET Q q 0 0 0 rg BT 465.66 236.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 503.73 236.90 Td (the ) Tj ET Q q 0 0 0 rg BT 515.83 236.90 Td (completion ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 76.36 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 89.55 225.50 Td (first ) Tj ET Q q 0 0 0 rg BT 104.46 225.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 141.47 225.50 Td (milestone ) Tj ET Q q 0 0 0 rg BT 177.17 225.50 Td (on ) Tj ET Q q 0 0 0 rg BT 188.20 225.50 Td (its ) Tj ET Q q 0 0 0 rg BT 198.35 225.50 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 252.25 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 261.11 225.50 Td (project ) Tj ET Q q 0 0 0 rg BT 286.85 225.50 Td (with ) Tj ET Q q 0 0 0 rg BT 303.06 225.50 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 349.14 225.50 Td (Nuclear) Tj ET Q q 0 0 0 rg BT 375.56 225.50 Td (. ) Tj ET Q q 0 0 0 rg BT 380.08 225.50 Td ( ) Tj ET Q q 0 0 0 rg BT 382.30 225.50 Td (The ) Tj ET Q q 0 0 0 rg BT 398.08 225.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 415.69 225.50 Td ( ) Tj ET Q q 0 0 0 rg BT 418.05 225.50 Td (also ) Tj ET Q q 0 0 0 rg BT 434.70 225.50 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 476.03 225.50 Td (2285 ) Tj ET Q q 0 0 0 rg BT 495.72 225.50 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 535.33 225.50 Td (Drive ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 85.36 214.10 Td (income-producing ) Tj ET Q q 0 0 0 rg BT 149.56 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.34 214.10 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 212.15 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.42 214.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 256.56 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.33 214.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 286.67 214.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 330.96 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.30 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.41 214.10 Td (first ) Tj ET Q q 0 0 0 rg BT 367.24 214.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 394.20 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.97 214.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 424.75 214.10 Td (with ) Tj ET Q q 0 0 0 rg BT 440.88 214.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 480.83 214.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 514.73 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.07 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.18 214.10 Td (latter ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 202.70 Td (half ) Tj ET Q q 0 0 0 rg BT 82.23 202.70 Td (of ) Tj ET Q q 0 0 0 rg BT 90.89 202.70 Td (2017. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 185.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 185.30 Td (Y) Tj ET Q q 0 0 0 rg BT 71.98 185.30 Td (ear-over-year ) Tj ET Q q 0 0 0 rg BT 121.33 185.30 Td (same-property ) Tj ET Q q 0 0 0 rg BT 174.15 185.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 190.60 185.30 Td (for ) Tj ET Q q 0 0 0 rg BT 202.29 185.30 Td (the ) Tj ET Q q 0 0 0 rg BT 215.72 185.30 Td (three ) Tj ET Q q 0 0 0 rg BT 236.07 185.30 Td (months ) Tj ET Q q 0 0 0 rg BT 264.22 185.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 288.47 185.30 Td (September ) Tj ET Q q 0 0 0 rg BT 329.18 185.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 342.61 185.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 362.53 185.30 Td (increased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.91 185.30 Td (0.6%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 416.67 185.30 Td ( ) Tj ET Q q 0 0 0 rg BT 419.26 185.30 Td (over ) Tj ET Q q 0 0 0 rg BT 437.01 185.30 Td (the ) Tj ET Q q 0 0 0 rg BT 450.44 185.30 Td (same ) Tj ET Q q 0 0 0 rg BT 472.09 185.30 Td (period ) Tj ET Q q 0 0 0 rg BT 496.34 185.30 Td (in ) Tj ET Q q 0 0 0 rg BT 505.00 185.30 Td (the ) Tj ET Q q 0 0 0 rg BT 518.42 185.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 536.60 185.30 Td (year) Tj ET Q q 0 0 0 rg BT 551.33 185.30 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 173.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 99.10 173.90 Td (as ) Tj ET Q q 0 0 0 rg BT 109.49 173.90 Td (a ) Tj ET Q q 0 0 0 rg BT 115.99 173.90 Td (result ) Tj ET Q q 0 0 0 rg BT 137.21 173.90 Td (of ) Tj ET Q q 0 0 0 rg BT 145.87 173.90 Td (an ) Tj ET Q q 0 0 0 rg BT 156.71 173.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 188.32 173.90 Td (in ) Tj ET Q q 0 0 0 rg BT 196.55 173.90 Td (occupancy) Tj ET Q q 0 0 0 rg BT 233.23 173.90 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 156.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 156.50 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 90.76 156.50 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 107.09 156.50 Td ($9.0 ) Tj ET Q q 0 0 0 rg BT 124.74 156.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 146.82 156.50 Td ( ) Tj ET Q q 0 0 0 rg BT 149.30 156.50 Td (for ) Tj ET Q q 0 0 0 rg BT 160.88 156.50 Td (the ) Tj ET Q q 0 0 0 rg BT 174.19 156.50 Td (third ) Tj ET Q q 0 0 0 rg BT 191.83 156.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 218.99 156.50 Td (of ) Tj ET Q q 0 0 0 rg BT 227.98 156.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 247.79 156.50 Td (representing ) Tj ET Q q 0 0 0 rg BT 293.58 156.50 Td (a ) Tj ET Q q 0 0 0 rg BT 300.40 156.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 332.32 156.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.31 156.50 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 358.95 156.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.03 156.50 Td ( ) Tj ET Q q 0 0 0 rg BT 383.51 156.50 Td (over ) Tj ET Q q 0 0 0 rg BT 401.15 156.50 Td (the ) Tj ET Q q 0 0 0 rg BT 414.47 156.50 Td (second ) Tj ET Q q 0 0 0 rg BT 442.07 156.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 469.24 156.50 Td (of ) Tj ET Q q 0 0 0 rg BT 478.22 156.50 Td (2016. ) Tj ET Q q 0 0 0 rg BT 500.04 156.50 Td (The ) Tj ET Q q 0 0 0 rg BT 515.95 156.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 547.88 156.50 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 145.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 108.37 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.19 145.10 Td (better ) Tj ET Q q 0 0 0 rg BT 139.43 145.10 Td (same ) Tj ET Q q 0 0 0 rg BT 160.81 145.10 Td (property ) Tj ET Q q 0 0 0 rg BT 191.71 145.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 239.93 145.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 276.03 145.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 318.63 145.10 Td (from ) Tj ET Q q 0 0 0 rg BT 336.53 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.68 145.10 Td (hotel ) Tj ET Q q 0 0 0 rg BT 368.90 145.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 407.60 145.10 Td (as ) Tj ET Q q 0 0 0 rg BT 418.15 145.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.80 145.10 Td (result ) Tj ET Q q 0 0 0 rg BT 446.18 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.00 145.10 Td (seasonality) Tj ET Q q 0 0 0 rg BT 493.41 145.10 Td (, ) Tj ET Q q 0 0 0 rg BT 497.89 145.10 Td (of) Tj ET Q q 0 0 0 rg BT 504.26 145.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 519.14 145.10 Td (by ) Tj ET Q q 0 0 0 rg BT 529.69 145.10 Td (slightly ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 133.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 91.47 133.70 Td (general ) Tj ET Q q 0 0 0 rg BT 119.77 133.70 Td (and ) Tj ET Q q 0 0 0 rg BT 135.08 133.70 Td (administrative ) Tj ET Q q 0 0 0 rg BT 185.46 133.70 Td (costs. ) Tj ET Q q 0 0 0 rg BT 207.98 133.70 Td (This ) Tj ET Q q 0 0 0 rg BT 225.02 133.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 264.14 133.70 Td (an ) Tj ET Q q 0 0 0 rg BT 274.66 133.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 297.76 133.70 Td (payout ) Tj ET Q q 0 0 0 rg BT 323.46 133.70 Td (ratio ) Tj ET Q q 0 0 0 rg BT 340.93 133.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 349.75 133.70 Td (87.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.84 133.70 Td ( ) Tj ET Q q 0 0 0 rg BT 374.15 133.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 411.11 133.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.92 133.70 Td (84.4%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.01 133.70 Td ( ) Tj ET Q q 0 0 0 rg BT 444.32 133.70 Td (for ) Tj ET Q q 0 0 0 rg BT 455.73 133.70 Td (June ) Tj ET Q q 0 0 0 rg BT 474.94 133.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 488.09 133.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 507.73 133.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 523.04 133.70 Td (80.4%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.13 133.70 Td ( ) Tj ET Q q 0 0 0 rg BT 547.45 133.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 122.30 Td (the ) Tj ET Q q 0 0 0 rg BT 80.94 122.30 Td (same ) Tj ET Q q 0 0 0 rg BT 102.60 122.30 Td (period ) Tj ET Q q 0 0 0 rg BT 126.86 122.30 Td (during ) Tj ET Q q 0 0 0 rg BT 151.13 122.30 Td (2015. ) Tj ET Q q 0 0 0 rg BT 173.23 122.30 Td (W) Tj ET Q q 0 0 0 rg BT 180.45 122.30 Td (e ) Tj ET Q q 0 0 0 rg BT 187.39 122.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 214.69 122.30 Td (that ) Tj ET Q q 0 0 0 rg BT 230.29 122.30 Td (a ) Tj ET Q q 0 0 0 rg BT 237.24 122.30 Td (continually ) Tj ET Q q 0 0 0 rg BT 276.66 122.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 307.42 122.30 Td (payout ) Tj ET Q q 0 0 0 rg BT 333.42 122.30 Td (ratio ) Tj ET Q q 0 0 0 rg BT 351.19 122.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 390.60 122.30 Td (a ) Tj ET Q q 0 0 0 rg BT 397.54 122.30 Td (more ) Tj ET Q q 0 0 0 rg BT 417.90 122.30 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 459.92 122.30 Td (margin ) Tj ET Q q 0 0 0 rg BT 486.34 122.30 Td (of ) Tj ET Q q 0 0 0 rg BT 495.45 122.30 Td (safety ) Tj ET Q q 0 0 0 rg BT 518.85 122.30 Td (to ) Tj ET Q q 0 0 0 rg BT 527.96 122.30 Td (provide ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 110.90 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 107.73 110.90 Td (with ) Tj ET Q q 0 0 0 rg BT 123.69 110.90 Td (greater ) Tj ET Q q 0 0 0 rg BT 150.49 110.90 Td (assurance ) Tj ET Q q 0 0 0 rg BT 188.55 110.90 Td (on ) Tj ET Q q 0 0 0 rg BT 199.33 110.90 Td (the ) Tj ET Q q 0 0 0 rg BT 212.28 110.90 Td (continued ) Tj ET Q q 0 0 0 rg BT 248.18 110.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 270.21 110.90 Td (of ) Tj ET Q q 0 0 0 rg BT 278.83 110.90 Td (the ) Tj ET Q q 0 0 0 rg BT 291.77 110.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 309.38 110.90 Td ( ) Tj ET Q q 0 0 0 rg BT 311.50 110.90 Td (to ) Tj ET Q q 0 0 0 rg BT 320.11 110.90 Td (deliver ) Tj ET Q q 0 0 0 rg BT 345.18 110.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 388.86 110.90 Td (to ) Tj ET Q q 0 0 0 rg BT 397.48 110.90 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 437.70 110.90 Td (while ) Tj ET Q q 0 0 0 rg BT 457.57 110.90 Td (having ) Tj ET Q q 0 0 0 rg BT 482.64 110.90 Td (the ) Tj ET Q q 0 0 0 rg BT 495.58 110.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 517.62 110.90 Td (to ) Tj ET Q q 0 0 0 rg BT 526.23 110.90 Td (reinvest ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 99.50 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 114.28 99.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 146.33 99.50 Td (in ) Tj ET Q q 0 0 0 rg BT 154.56 99.50 Td (the ) Tj ET Q q 0 0 0 rg BT 167.55 99.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 184.44 99.50 Td (.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F3 9.00 Tf ET q 0 0 0 rg BT 294.30 31.95 Td (Page 5) 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 49.50 700.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.03 700.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 90.27 700.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 111.00 700.10 Td (management ) Tj ET Q q 0 0 0 rg BT 158.58 700.10 Td (team ) Tj ET Q q 0 0 0 rg BT 178.01 700.10 Td (had ) Tj ET Q q 0 0 0 rg BT 193.11 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.55 700.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 238.04 700.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 264.83 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.99 700.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 310.62 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.23 700.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 342.54 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.65 700.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 383.15 700.10 Td (leases. ) Tj ET Q q 0 0 0 rg BT 409.94 700.10 Td (In ) Tj ET Q q 0 0 0 rg BT 418.55 700.10 Td (aggregate, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.91 700.10 Td (335,231) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.07 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.18 700.10 Td (square ) Tj ET Q q 0 0 0 rg BT 514.10 700.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 529.21 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.81 700.10 Td (leasing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 688.70 Td (was ) Tj ET Q q 0 0 0 rg BT 65.65 688.70 Td (completed, ) Tj ET Q q 0 0 0 rg BT 106.06 688.70 Td (representing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 151.67 688.70 Td (77,680) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 175.50 688.70 Td ( ) Tj ET Q q 0 0 0 rg BT 177.80 688.70 Td (square ) Tj ET Q q 0 0 0 rg BT 203.92 688.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 219.22 688.70 Td (of ) Tj ET Q q 0 0 0 rg BT 228.02 688.70 Td (new ) Tj ET Q q 0 0 0 rg BT 244.60 688.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 265.53 688.70 Td (deals ) Tj ET Q q 0 0 0 rg BT 286.45 688.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 301.75 688.70 Td (257,551) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.91 688.70 Td ( ) Tj ET Q q 0 0 0 rg BT 332.21 688.70 Td (square ) Tj ET Q q 0 0 0 rg BT 358.33 688.70 Td (feet ) Tj ET Q q 0 0 0 rg BT 373.63 688.70 Td (of ) Tj ET Q q 0 0 0 rg BT 382.43 688.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 403.35 688.70 Td (renewals. ) Tj ET Q q 0 0 0 rg BT 438.85 688.70 Td (The ) Tj ET Q q 0 0 0 rg BT 454.57 688.70 Td (most ) Tj ET Q q 0 0 0 rg BT 473.76 688.70 Td (notable ) Tj ET Q q 0 0 0 rg BT 501.61 688.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 542.03 688.70 Td (was ) Tj ET Q q 0 0 0 rg BT 558.18 688.70 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 677.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 84.78 677.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 105.78 677.30 Td (renewal ) Tj ET Q q 0 0 0 rg BT 135.43 677.30 Td (with ) Tj ET Q q 0 0 0 rg BT 151.66 677.30 Td (Medavie ) Tj ET Q q 0 0 0 rg BT 183.48 677.30 Td (Blue ) Tj ET Q q 0 0 0 rg BT 201.45 677.30 Td (Cross, ) Tj ET Q q 0 0 0 rg BT 226.33 677.30 Td (who ) Tj ET Q q 0 0 0 rg BT 243.00 677.30 Td (occupies ) Tj ET Q q 0 0 0 rg BT 276.12 677.30 Td (155,470 ) Tj ET Q q 0 0 0 rg BT 306.66 677.30 Td (square ) Tj ET Q q 0 0 0 rg BT 332.85 677.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 348.23 677.30 Td (or ) Tj ET Q q 0 0 0 rg BT 357.53 677.30 Td (49% ) Tj ET Q q 0 0 0 rg BT 375.50 677.30 Td (of ) Tj ET Q q 0 0 0 rg BT 384.37 677.30 Td (the ) Tj ET Q q 0 0 0 rg BT 397.58 677.30 Td (Blue ) Tj ET Q q 0 0 0 rg BT 415.55 677.30 Td (Cross ) Tj ET Q q 0 0 0 rg BT 438.26 677.30 Td (Centre ) Tj ET Q q 0 0 0 rg BT 464.02 677.30 Td (in ) Tj ET Q q 0 0 0 rg BT 472.46 677.30 Td (Moncton, ) Tj ET Q q 0 0 0 rg BT 506.88 677.30 Td (New ) Tj ET Q q 0 0 0 rg BT 524.84 677.30 Td (Brunswick. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 665.90 Td (This ) Tj ET Q q 0 0 0 rg BT 66.42 665.90 Td (renewal ) Tj ET Q q 0 0 0 rg BT 95.89 665.90 Td (extends ) Tj ET Q q 0 0 0 rg BT 125.38 665.90 Td (the ) Tj ET Q q 0 0 0 rg BT 138.41 665.90 Td (term ) Tj ET Q q 0 0 0 rg BT 156.19 665.90 Td (of ) Tj ET Q q 0 0 0 rg BT 164.89 665.90 Td (the ) Tj ET Q q 0 0 0 rg BT 177.92 665.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 198.75 665.90 Td (until ) Tj ET Q q 0 0 0 rg BT 215.24 665.90 Td (2029 ) Tj ET Q q 0 0 0 rg BT 234.77 665.90 Td (and ) Tj ET Q q 0 0 0 rg BT 249.96 665.90 Td (is ) Tj ET Q q 0 0 0 rg BT 257.79 665.90 Td (consistent ) Tj ET Q q 0 0 0 rg BT 295.07 665.90 Td (with ) Tj ET Q q 0 0 0 rg BT 311.12 665.90 Td (the ) Tj ET Q q 0 0 0 rg BT 324.15 665.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 343.49 665.90 Td (s ) Tj ET Q q 0 0 0 rg BT 349.59 665.90 Td (strategy ) Tj ET Q q 0 0 0 rg BT 379.50 665.90 Td (to ) Tj ET Q q 0 0 0 rg BT 388.20 665.90 Td (enter ) Tj ET Q q 0 0 0 rg BT 408.16 665.90 Td (into ) Tj ET Q q 0 0 0 rg BT 422.92 665.90 Td (advance ) Tj ET Q q 0 0 0 rg BT 454.58 665.90 Td (discussions ) Tj ET Q q 0 0 0 rg BT 497.05 665.90 Td (with ) Tj ET Q q 0 0 0 rg BT 513.10 665.90 Td (major ) Tj ET Q q 0 0 0 rg BT 534.78 665.90 Td (tenants. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 654.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.56 654.50 Td (average ) Tj ET Q q 0 0 0 rg BT 94.36 654.50 Td (rental ) Tj ET Q q 0 0 0 rg BT 115.48 654.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 130.55 654.50 Td (over ) Tj ET Q q 0 0 0 rg BT 147.34 654.50 Td (the ) Tj ET Q q 0 0 0 rg BT 159.81 654.50 Td (term ) Tj ET Q q 0 0 0 rg BT 177.04 654.50 Td (of ) Tj ET Q q 0 0 0 rg BT 185.17 654.50 Td (the ) Tj ET Q q 0 0 0 rg BT 197.65 654.50 Td (new ) Tj ET Q q 0 0 0 rg BT 213.57 654.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 233.84 654.50 Td (is ) Tj ET Q q 0 0 0 rg BT 241.10 654.50 Td (above ) Tj ET Q q 0 0 0 rg BT 263.97 654.50 Td (the ) Tj ET Q q 0 0 0 rg BT 276.44 654.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 295.78 654.50 Td (s ) Tj ET Q q 0 0 0 rg BT 301.31 654.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 339.77 654.50 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 383.84 654.50 Td (on ) Tj ET Q q 0 0 0 rg BT 394.14 654.50 Td (June ) Tj ET Q q 0 0 0 rg BT 412.68 654.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 425.15 654.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 446.28 654.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 493.40 654.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 523.62 654.50 Td (that ) Tj ET Q q 0 0 0 rg BT 538.26 654.50 Td (locking ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 643.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.11 643.10 Td (Medavie ) Tj ET Q q 0 0 0 rg BT 88.11 643.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 105.24 643.10 Td (Cross ) Tj ET Q q 0 0 0 rg BT 127.13 643.10 Td (for ) Tj ET Q q 0 0 0 rg BT 137.77 643.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.65 643.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 179.85 643.10 Td (term ) Tj ET Q q 0 0 0 rg BT 196.98 643.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 227.97 643.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 264.17 643.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 293.01 643.10 Td (for ) Tj ET Q q 0 0 0 rg BT 303.65 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.03 643.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 348.76 643.10 Td (parameters ) Tj ET Q q 0 0 0 rg BT 389.71 643.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.76 643.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 414.90 643.10 Td (Cross ) Tj ET Q q 0 0 0 rg BT 436.78 643.10 Td (Centre ) Tj ET Q q 0 0 0 rg BT 461.71 643.10 Td (given ) Tj ET Q q 0 0 0 rg BT 481.88 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.26 643.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 530.46 643.10 Td (reduction ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 631.70 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 631.70 Td (releasing ) Tj ET Q q 0 0 0 rg BT 91.95 631.70 Td (risk. ) Tj ET Q q 0 0 0 rg BT 108.40 631.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 608.90 Td (Leasing ) Tj ET Q q 0 0 0 rg BT 78.58 608.90 Td (spreads ) Tj ET Q q 0 0 0 rg BT 108.08 608.90 Td (in ) Tj ET Q q 0 0 0 rg BT 115.93 608.90 Td (the ) Tj ET Q q 0 0 0 rg BT 128.55 608.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 155.02 608.90 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 173.68 608.90 Td (2.8%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 191.44 608.90 Td ( ) Tj ET Q q 0 0 0 rg BT 193.23 608.90 Td (below ) Tj ET Q q 0 0 0 rg BT 215.36 608.90 Td (expiring ) Tj ET Q q 0 0 0 rg BT 244.43 608.90 Td (or ) Tj ET Q q 0 0 0 rg BT 253.14 608.90 Td (building ) Tj ET Q q 0 0 0 rg BT 281.78 608.90 Td (in-place ) Tj ET Q q 0 0 0 rg BT 310.85 608.90 Td (rents. ) Tj ET Q q 0 0 0 rg BT 332.02 608.90 Td (The ) Tj ET Q q 0 0 0 rg BT 347.23 608.90 Td (negative ) Tj ET Q q 0 0 0 rg BT 378.47 608.90 Td (rental ) Tj ET Q q 0 0 0 rg BT 399.74 608.90 Td (spread ) Tj ET Q q 0 0 0 rg BT 425.35 608.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 450.52 608.90 Td (was ) Tj ET Q q 0 0 0 rg BT 466.15 608.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 497.37 608.90 Td (due ) Tj ET Q q 0 0 0 rg BT 512.15 608.90 Td (to ) Tj ET Q q 0 0 0 rg BT 520.44 608.90 Td (the ) Tj ET Q q 0 0 0 rg BT 533.06 608.90 Td (Medavie ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 597.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 70.12 597.50 Td (renewal ) Tj ET Q q 0 0 0 rg BT 99.39 597.50 Td (at ) Tj ET Q q 0 0 0 rg BT 107.88 597.50 Td (Blue ) Tj ET Q q 0 0 0 rg BT 125.46 597.50 Td (Cross ) Tj ET Q q 0 0 0 rg BT 147.80 597.50 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 175.34 597.50 Td (which ) Tj ET Q q 0 0 0 rg BT 197.24 597.50 Td (was ) Tj ET Q q 0 0 0 rg BT 213.09 597.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 251.03 597.50 Td (at ) Tj ET Q q 0 0 0 rg BT 259.52 597.50 Td (an ) Tj ET Q q 0 0 0 rg BT 270.18 597.50 Td (average ) Tj ET Q q 0 0 0 rg BT 300.32 597.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 315.74 597.50 Td (6.1% ) Tj ET Q q 0 0 0 rg BT 335.49 597.50 Td (below ) Tj ET Q q 0 0 0 rg BT 357.83 597.50 Td (in-place ) Tj ET Q q 0 0 0 rg BT 387.11 597.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 402.53 597.50 Td (and ) Tj ET Q q 0 0 0 rg BT 417.52 597.50 Td (was ) Tj ET Q q 0 0 0 rg BT 433.36 597.50 Td (also ) Tj ET Q q 0 0 0 rg BT 449.65 597.50 Td (impacted ) Tj ET Q q 0 0 0 rg BT 483.25 597.50 Td (by ) Tj ET Q q 0 0 0 rg BT 493.47 597.50 Td (a ) Tj ET Q q 0 0 0 rg BT 499.80 597.50 Td (new ) Tj ET Q q 0 0 0 rg BT 516.08 597.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 536.70 597.50 Td (deal ) Tj ET Q q 0 0 0 rg BT 553.42 597.50 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (6,700 ) Tj ET Q q 0 0 0 rg BT 70.82 586.10 Td (square ) Tj ET Q q 0 0 0 rg BT 96.46 586.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 111.28 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.16 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.82 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 138.89 586.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 154.13 586.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 176.74 586.10 Td (Properties ) Tj ET Q q 0 0 0 rg BT 214.07 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 228.89 586.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 260.16 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.81 586.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 290.42 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.24 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 307.92 586.10 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 361.27 586.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 392.54 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.42 586.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 436.03 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 446.95 586.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 480.38 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.04 586.10 Td (tenant ) Tj ET Q q 0 0 0 rg BT 516.52 586.10 Td (below ) Tj ET Q q 0 0 0 rg BT 538.69 586.10 Td (market ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 574.70 Td (rent.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 65.09 574.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.26 574.70 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 103.20 574.70 Td (these ) Tj ET Q q 0 0 0 rg BT 124.43 574.70 Td (two ) Tj ET Q q 0 0 0 rg BT 138.72 574.70 Td (deals, ) Tj ET Q q 0 0 0 rg BT 161.68 574.70 Td (the ) Tj ET Q q 0 0 0 rg BT 174.67 574.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 201.53 574.70 Td (spread ) Tj ET Q q 0 0 0 rg BT 227.51 574.70 Td (would ) Tj ET Q q 0 0 0 rg BT 250.03 574.70 Td (be ) Tj ET Q q 0 0 0 rg BT 260.86 574.70 Td (positive ) Tj ET Q q 0 0 0 rg BT 289.45 574.70 Td (3.4%, ) Tj ET Q q 0 0 0 rg BT 311.54 574.70 Td (which ) Tj ET Q q 0 0 0 rg BT 333.62 574.70 Td (is ) Tj ET Q q 0 0 0 rg BT 341.41 574.70 Td (closer ) Tj ET Q q 0 0 0 rg BT 364.36 574.70 Td (to ) Tj ET Q q 0 0 0 rg BT 373.02 574.70 Td (Management's ) Tj ET Q q 0 0 0 rg BT 426.06 574.70 Td (expectations ) Tj ET Q q 0 0 0 rg BT 471.97 574.70 Td (for ) Tj ET Q q 0 0 0 rg BT 483.23 574.70 Td (the ) Tj ET Q q 0 0 0 rg BT 496.23 574.70 Td (portfolio.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 551.90 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 78.09 551.90 Td (in-place ) Tj ET Q q 0 0 0 rg BT 107.11 551.90 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 146.10 551.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 181.62 551.90 Td (by ) Tj ET Q q 0 0 0 rg BT 191.59 551.90 Td (50 ) Tj ET Q q 0 0 0 rg BT 202.00 551.90 Td (bps, ) Tj ET Q q 0 0 0 rg BT 218.47 551.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 226.71 551.90 Td (86.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 248.80 551.90 Td (, ) Tj ET Q q 0 0 0 rg BT 252.71 551.90 Td (and ) Tj ET Q q 0 0 0 rg BT 267.45 551.90 Td (the ) Tj ET Q q 0 0 0 rg BT 280.02 551.90 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 343.69 551.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 364.06 551.90 Td (term ) Tj ET Q q 0 0 0 rg BT 381.38 551.90 Td (for ) Tj ET Q q 0 0 0 rg BT 392.22 551.90 Td (the ) Tj ET Q q 0 0 0 rg BT 404.79 551.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 434.25 551.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 469.77 551.90 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 487.10 551.90 Td (5.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 497.93 551.90 Td ( ) Tj ET Q q 0 0 0 rg BT 499.67 551.90 Td (years ) Tj ET Q q 0 0 0 rg BT 520.47 551.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.71 551.90 Td (5.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 539.54 551.90 Td ( ) Tj ET Q q 0 0 0 rg BT 541.28 551.90 Td (years. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (For ) Tj ET Q q 0 0 0 rg BT 63.76 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.16 529.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 114.80 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.87 529.10 Td (2016, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 145.94 529.10 Td (3.0%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 163.69 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.26 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.33 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.74 529.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 219.02 529.10 Td (GLA) Tj ET Q q 0 0 0 rg BT 234.19 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.76 529.10 Td (is ) Tj ET Q q 0 0 0 rg BT 244.96 529.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 277.84 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.41 529.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 341.45 529.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 370.87 529.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 397.26 529.10 Td (course ) Tj ET Q q 0 0 0 rg BT 423.21 529.10 Td (renewals ) Tj ET Q q 0 0 0 rg BT 456.95 529.10 Td (with ) Tj ET Q q 0 0 0 rg BT 473.38 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.78 529.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 522.70 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.77 529.10 Td (a ) Tj ET Q q 0 0 0 rg BT 538.68 529.10 Td (48,902 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 517.70 Td (square ) Tj ET Q q 0 0 0 rg BT 75.84 517.70 Td (foot ) Tj ET Q q 0 0 0 rg BT 91.36 517.70 Td (tenant ) Tj ET Q q 0 0 0 rg BT 115.54 517.70 Td (at ) Tj ET Q q 0 0 0 rg BT 124.56 517.70 Td (the ) Tj ET Q q 0 0 0 rg BT 137.92 517.70 Td (Promontory ) Tj ET Q q 0 0 0 rg BT 180.70 517.70 Td (in ) Tj ET Q q 0 0 0 rg BT 189.29 517.70 Td (Mississauga, ) Tj ET Q q 0 0 0 rg BT 236.84 517.70 Td (ON, ) Tj ET Q q 0 0 0 rg BT 253.21 517.70 Td (that ) Tj ET Q q 0 0 0 rg BT 268.73 517.70 Td (will ) Tj ET Q q 0 0 0 rg BT 282.07 517.70 Td (be ) Tj ET Q q 0 0 0 rg BT 293.25 517.70 Td (vacating ) Tj ET Q q 0 0 0 rg BT 324.79 517.70 Td (at ) Tj ET Q q 0 0 0 rg BT 333.81 517.70 Td (the ) Tj ET Q q 0 0 0 rg BT 347.17 517.70 Td (end ) Tj ET Q q 0 0 0 rg BT 362.68 517.70 Td (of ) Tj ET Q q 0 0 0 rg BT 371.70 517.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 391.56 517.70 Td (as ) Tj ET Q q 0 0 0 rg BT 402.31 517.70 Td (previously ) Tj ET Q q 0 0 0 rg BT 439.90 517.70 Td (disclosed. ) Tj ET Q q 0 0 0 rg BT 477.07 517.70 Td ( ) Tj ET Q q 0 0 0 rg BT 479.59 517.70 Td (In ) Tj ET Q q 0 0 0 rg BT 488.61 517.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 510.63 517.70 Td (also ) Tj ET Q q 0 0 0 rg BT 527.44 517.70 Td (previously ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 506.30 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 86.80 506.30 Td (Bell ) Tj ET Q q 0 0 0 rg BT 101.92 506.30 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 124.07 506.30 Td (is ) Tj ET Q q 0 0 0 rg BT 132.35 506.30 Td (vacating ) Tj ET Q q 0 0 0 rg BT 164.02 506.30 Td (193,861 ) Tj ET Q q 0 0 0 rg BT 194.84 506.30 Td (square ) Tj ET Q q 0 0 0 rg BT 221.32 506.30 Td (feet ) Tj ET Q q 0 0 0 rg BT 236.97 506.30 Td (at ) Tj ET Q q 0 0 0 rg BT 246.12 506.30 Td (the ) Tj ET Q q 0 0 0 rg BT 259.61 506.30 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 292.13 506.30 Td (Centre ) Tj ET Q q 0 0 0 rg BT 318.17 506.30 Td (in ) Tj ET Q q 0 0 0 rg BT 326.88 506.30 Td (Halifax, ) Tj ET Q q 0 0 0 rg BT 355.52 506.30 Td (NS, ) Tj ET Q q 0 0 0 rg BT 371.16 506.30 Td (on ) Tj ET Q q 0 0 0 rg BT 381.95 506.30 Td (April ) Tj ET Q q 0 0 0 rg BT 400.19 506.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 413.68 506.30 Td (2017. ) Tj ET Q q 0 0 0 rg BT 435.83 506.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 483.96 506.30 Td (has ) Tj ET Q q 0 0 0 rg BT 499.17 506.30 Td (been ) Tj ET Q q 0 0 0 rg BT 519.16 506.30 Td (working ) Tj ET Q q 0 0 0 rg BT 548.66 506.30 Td (with ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 494.90 Td (existing ) Tj ET Q q 0 0 0 rg BT 78.94 494.90 Td (sub-tenants ) Tj ET Q q 0 0 0 rg BT 122.67 494.90 Td (and ) Tj ET Q q 0 0 0 rg BT 138.68 494.90 Td (new ) Tj ET Q q 0 0 0 rg BT 155.99 494.90 Td (tenants ) Tj ET Q q 0 0 0 rg BT 184.56 494.90 Td (at ) Tj ET Q q 0 0 0 rg BT 194.08 494.90 Td (Maritime ) Tj ET Q q 0 0 0 rg BT 226.96 494.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 253.36 494.90 Td (to ) Tj ET Q q 0 0 0 rg BT 262.87 494.90 Td (drive ) Tj ET Q q 0 0 0 rg BT 282.78 494.90 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 323.04 494.90 Td (and ) Tj ET Q q 0 0 0 rg BT 339.06 494.90 Td (grow ) Tj ET Q q 0 0 0 rg BT 358.95 494.90 Td (rents ) Tj ET Q q 0 0 0 rg BT 379.29 494.90 Td (significantly) Tj ET Q q 0 0 0 rg BT 419.00 494.90 Td (. ) Tj ET Q q 0 0 0 rg BT 423.99 494.90 Td (T) Tj ET Q q 0 0 0 rg BT 428.32 494.90 Td (wo ) Tj ET Q q 0 0 0 rg BT 441.30 494.90 Td (new ) Tj ET Q q 0 0 0 rg BT 458.60 494.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 480.24 494.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 525.27 494.90 Td (have ) Tj ET Q q 0 0 0 rg BT 545.18 494.90 Td (been ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 483.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 87.49 483.50 Td (- ) Tj ET Q q 0 0 0 rg BT 92.13 483.50 Td (the ) Tj ET Q q 0 0 0 rg BT 105.01 483.50 Td (Province ) Tj ET Q q 0 0 0 rg BT 137.37 483.50 Td (of ) Tj ET Q q 0 0 0 rg BT 145.92 483.50 Td (Nova ) Tj ET Q q 0 0 0 rg BT 166.15 483.50 Td (Scotia ) Tj ET Q q 0 0 0 rg BT 189.85 483.50 Td (is ) Tj ET Q q 0 0 0 rg BT 197.53 483.50 Td (taking ) Tj ET Q q 0 0 0 rg BT 220.37 483.50 Td (41,571 ) Tj ET Q q 0 0 0 rg BT 246.24 483.50 Td (square ) Tj ET Q q 0 0 0 rg BT 272.11 483.50 Td (feet ) Tj ET Q q 0 0 0 rg BT 287.16 483.50 Td (and ) Tj ET Q q 0 0 0 rg BT 302.20 483.50 Td (Dalhousie ) Tj ET Q q 0 0 0 rg BT 338.89 483.50 Td (University ) Tj ET Q q 0 0 0 rg BT 375.14 483.50 Td (is ) Tj ET Q q 0 0 0 rg BT 382.81 483.50 Td (taking ) Tj ET Q q 0 0 0 rg BT 405.65 483.50 Td (10,217 ) Tj ET Q q 0 0 0 rg BT 431.53 483.50 Td (square ) Tj ET Q q 0 0 0 rg BT 457.39 483.50 Td (feet ) Tj ET Q q 0 0 0 rg BT 472.44 483.50 Td (- ) Tj ET Q q 0 0 0 rg BT 477.08 483.50 Td (and ) Tj ET Q q 0 0 0 rg BT 492.13 483.50 Td (together ) Tj ET Q q 0 0 0 rg BT 522.76 483.50 Td (these ) Tj ET Q q 0 0 0 rg BT 543.87 483.50 Td (deals ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 84.94 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.80 472.10 Td (46.2% ) Tj ET Q q 0 0 0 rg BT 116.41 472.10 Td (lift) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 124.21 472.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 126.73 472.10 Td (over ) Tj ET Q q 0 0 0 rg BT 144.42 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.77 472.10 Td (Bell ) Tj ET Q q 0 0 0 rg BT 172.79 472.10 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 194.80 472.10 Td (rent. ) Tj ET Q q 0 0 0 rg BT 212.42 472.10 Td (An ) Tj ET Q q 0 0 0 rg BT 224.48 472.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 260.36 472.10 Td (66,636 ) Tj ET Q q 0 0 0 rg BT 286.71 472.10 Td (square ) Tj ET Q q 0 0 0 rg BT 313.06 472.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 328.58 472.10 Td (is ) Tj ET Q q 0 0 0 rg BT 336.74 472.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 369.14 472.10 Td (subleased ) Tj ET Q q 0 0 0 rg BT 407.18 472.10 Td (by ) Tj ET Q q 0 0 0 rg BT 417.94 472.10 Td (Bell ) Tj ET Q q 0 0 0 rg BT 432.96 472.10 Td (Aliant ) Tj ET Q q 0 0 0 rg BT 454.97 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.49 472.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 518.49 472.10 Td (is ) Tj ET Q q 0 0 0 rg BT 526.65 472.10 Td (working ) Tj ET Q q 0 0 0 rg BT 556.01 472.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 460.70 Td (convert ) Tj ET Q q 0 0 0 rg BT 77.22 460.70 Td (those ) Tj ET Q q 0 0 0 rg BT 98.44 460.70 Td (tenants ) Tj ET Q q 0 0 0 rg BT 126.17 460.70 Td (to ) Tj ET Q q 0 0 0 rg BT 134.84 460.70 Td (long-term ) Tj ET Q q 0 0 0 rg BT 169.91 460.70 Td (leases. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 437.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.06 437.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.67 437.90 Td ( ) Tj ET Q q 0 0 0 rg BT 84.80 437.90 Td (is ) Tj ET Q q 0 0 0 rg BT 92.56 437.90 Td (focused ) Tj ET Q q 0 0 0 rg BT 121.98 437.90 Td (on ) Tj ET Q q 0 0 0 rg BT 132.78 437.90 Td (all ) Tj ET Q q 0 0 0 rg BT 142.71 437.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 162.17 437.90 Td (and ) Tj ET Q q 0 0 0 rg BT 177.30 437.90 Td (2018 ) Tj ET Q q 0 0 0 rg BT 196.76 437.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 223.58 437.90 Td (renewals ) Tj ET Q q 0 0 0 rg BT 256.89 437.90 Td (as ) Tj ET Q q 0 0 0 rg BT 267.25 437.90 Td (well ) Tj ET Q q 0 0 0 rg BT 282.80 437.90 Td (as ) Tj ET Q q 0 0 0 rg BT 293.16 437.90 Td (a ) Tj ET Q q 0 0 0 rg BT 299.62 437.90 Td (number ) Tj ET Q q 0 0 0 rg BT 328.17 437.90 Td (of ) Tj ET Q q 0 0 0 rg BT 336.80 437.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 373.58 437.90 Td (proposals ) Tj ET Q q 0 0 0 rg BT 409.49 437.90 Td (in ) Tj ET Q q 0 0 0 rg BT 417.69 437.90 Td (the ) Tj ET Q q 0 0 0 rg BT 430.65 437.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 460.49 437.90 Td (in ) Tj ET Q q 0 0 0 rg BT 468.69 437.90 Td (which ) Tj ET Q q 0 0 0 rg BT 490.74 437.90 Td (we ) Tj ET Q q 0 0 0 rg BT 502.82 437.90 Td (operate. ) Tj ET Q q 0 0 0 rg BT 533.55 437.90 Td ( ) Tj ET Q q 0 0 0 rg BT 535.68 437.90 Td (Overall, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 426.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 96.99 426.50 Td (expects ) Tj ET Q q 0 0 0 rg BT 125.86 426.50 Td (to ) Tj ET Q q 0 0 0 rg BT 134.37 426.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 165.85 426.50 Td (a ) Tj ET Q q 0 0 0 rg BT 172.20 426.50 Td (trend ) Tj ET Q q 0 0 0 rg BT 191.97 426.50 Td (of ) Tj ET Q q 0 0 0 rg BT 200.48 426.50 Td (positive ) Tj ET Q q 0 0 0 rg BT 228.92 426.50 Td (rental ) Tj ET Q q 0 0 0 rg BT 250.42 426.50 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 282.32 426.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 318.12 426.50 Td (occupancy) Tj ET Q q 0 0 0 rg BT 354.79 426.50 Td (, ) Tj ET Q q 0 0 0 rg BT 358.98 426.50 Td (improved ) Tj ET Q q 0 0 0 rg BT 393.03 426.50 Td (tenant ) Tj ET Q q 0 0 0 rg BT 416.71 426.50 Td (quality ) Tj ET Q q 0 0 0 rg BT 441.25 426.50 Td (and ) Tj ET Q q 0 0 0 rg BT 456.26 426.50 Td (longer ) Tj ET Q q 0 0 0 rg BT 479.93 426.50 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 543.88 426.50 Td (lease ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (terms; ) Tj ET Q q 0 0 0 rg BT 73.31 415.10 Td (these ) Tj ET Q q 0 0 0 rg BT 94.54 415.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 121.81 415.10 Td (will ) Tj ET Q q 0 0 0 rg BT 134.79 415.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 166.41 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.08 415.10 Td (drive ) Tj ET Q q 0 0 0 rg BT 194.13 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.13 415.10 Td (organic ) Tj ET Q q 0 0 0 rg BT 234.85 415.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 260.39 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.06 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.05 415.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 311.94 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.10 415.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 354.82 415.10 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 395.10 415.10 Td (net ) Tj ET Q q 0 0 0 rg BT 408.10 415.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 428.89 415.10 Td (value ) Tj ET Q q 0 0 0 rg BT 449.68 415.10 Td (accretion.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 392.30 Td (OCCUP) Tj ET Q q 0 0 0 rg BT 77.05 392.30 Td (ANCY) 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 65.09 374.90 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 374.90 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 374.90 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 374.90 Td (continuity ) Tj ET Q q 0 0 0 rg BT 146.94 374.90 Td (of ) Tj ET Q q 0 0 0 rg BT 155.61 374.90 Td (the ) Tj ET Q q 0 0 0 rg BT 168.61 374.90 Td (change ) Tj ET Q q 0 0 0 rg BT 196.33 374.90 Td (in ) Tj ET Q q 0 0 0 rg BT 204.56 374.90 Td (the ) Tj ET Q q 0 0 0 rg BT 217.56 374.90 Td (in-place ) Tj ET Q q 0 0 0 rg BT 247.01 374.90 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 286.42 374.90 Td (of ) Tj ET Q q 0 0 0 rg BT 295.09 374.90 Td (the ) Tj ET Q q 0 0 0 rg BT 308.09 374.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 333.39 374.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 370.19 374.90 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.94 374.90 Td (June30, ) Tj ET Q q 0 0 0 rg BT 420.00 374.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.33 374.90 Td ( ) Tj ET Q q 0 0 0 rg BT 439.50 374.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 448.16 374.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 501.44 374.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 518.77 374.90 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 356.4 m 194 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 356.4 m 254 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 356.4 m 314 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 356.4 m 374 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 356.4 m 434 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 356.4 m 494 356.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 356.4 m 554 356.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 317.4 m 194 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 317.4 m 254 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 317.4 m 314 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314 317.4 m 374 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374 317.4 m 434 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 317.4 m 494 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 317.4 m 554 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 317.4 m 254 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 317.4 m 314 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314 317.4 m 374 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374 317.4 m 434 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 317.4 m 494 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 317.4 m 554 317.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 242.39999999999998 m 194 242.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 242.39999999999998 m 254 242.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 242.39999999999998 m 314 242.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314 242.39999999999998 m 374 242.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374 242.39999999999998 m 434 242.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 242.39999999999998 m 494 242.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 242.39999999999998 m 554 242.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 212.39999999999998 m 194 212.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 212.39999999999998 m 254 212.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 212.39999999999998 m 314 212.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314 212.39999999999998 m 374 212.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374 212.39999999999998 m 434 212.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434 212.39999999999998 m 494 212.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 212.39999999999998 m 554 212.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 197.39999999999998 m 194 197.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 197.39999999999998 m 254 197.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 197.39999999999998 m 314 197.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 197.39999999999998 m 374 197.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 197.39999999999998 m 434 197.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 197.39999999999998 m 494 197.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 197.39999999999998 m 554 197.39999999999998 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 218.95 345.93 Td (Three months ended September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 427.00 345.93 Td (Three months ended June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 234.30 321.93 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.45 331.43 Td (Occupancy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 284.50 321.93 Td (\(sq. ft.\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 328.45 331.43 Td (Occupancy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 358.35 321.93 Td (\(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 415.30 321.93 Td (GLA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.50 331.43 Td (Occupancy) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 466.25 321.93 Td (\(sq. ft.\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 497.20 321.93 Td (Occupancy \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 306.93 Td (Occupancy, beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 216.20 306.93 Td (4,727,414) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 276.20 306.93 Td (4,056,432) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.35 306.93 Td (85.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 366.55 306.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.20 306.93 Td (4,436,293) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.20 306.93 Td (3,772,570) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 306.93 Td (85.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 306.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 291.93 Td (Acquisitions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 222.70 291.93 Td (262,638) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 282.70 291.93 Td (250,199) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.35 291.93 Td (95.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 366.55 291.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.70 291.93 Td (306,892) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.70 291.93 Td (293,415) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 291.93 Td (95.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 291.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 276.93 Td (Dispositions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.10 276.98 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.10 276.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 358.75 276.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.45 276.93 Td (\(15,771) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.90 276.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 464.45 276.93 Td (\(11,134) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 490.90 276.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 276.93 Td (70.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 276.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 261.93 Td (T) Tj ET Q q 0 0 0 rg BT 56.40 261.93 Td (emporary changes ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 123.09 264.36 Td (\(1\) ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.10 261.98 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 284.45 261.93 Td (\(10,688) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.90 261.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 358.75 261.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.10 261.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.10 261.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.75 261.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 246.93 Td (Change in same property occupancy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.10 246.98 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.40 246.93 Td (9,259) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 358.75 246.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.10 246.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.40 246.93 Td (1,581) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.75 246.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 231.93 Td (Occupancy, end of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 216.20 231.93 Td (4,990,052) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 276.20 231.93 Td (4,305,202) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.35 231.93 Td (86.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 366.55 231.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.20 231.93 Td (4,727,414) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.20 231.93 Td (4,056,432) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 231.93 Td (85.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 231.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 216.93 Td (Redevelopment properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 222.70 216.93 Td (280,459) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 287.05 216.98 Td (56,496) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.35 216.93 Td (20.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 366.55 216.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.70 216.93 Td (269,771) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 467.05 216.93 Td (56,496) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 216.93 Td (20.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 216.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 201.93 Td (Occupancy, excluding redevelopments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 216.20 201.93 Td (4,709,593) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 276.20 201.93 Td (4,248,706) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.35 201.93 Td (90.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 366.55 201.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.20 201.93 Td (4,457,643) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.20 201.93 Td (3,999,936) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 201.93 Td (89.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 201.93 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET BT /F3 4.87 Tf ET q 0 0 0 rg BT 49.50 184.82 Td (\(1\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 54.38 182.90 Td ( ) Tj ET Q q 0 0 0 rg BT 55.99 182.90 Td (This change in occupancy relates to the lease with SNC-Lavalin Nuclear and associated redevelopment of 2251 and 2258 Speakman Drive. ) Tj ET Q q 0 0 0 rg BT 438.14 182.90 Td (The redevelopment of 2251 Speakman ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 173.90 Td (Drive \(1) Tj ET Q q 0 0 0 rg BT 70.58 173.90 Td (15,582 sq. feet\) was completed and turned over to the tenant for fixturing in July 2016 and the redevelopment of 2285 Speakman Drive \(126,270 sq. feet\) is now commencing. ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 164.90 Td (This milestone has caused temporary decline of 10,688 sq. feet, which will be reversed when the redevelopment of 2285 Speakman Drive is completed in mid-2017.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.85 134.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 91.91 134.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 125.59 134.10 Td (is ) Tj ET Q q 0 0 0 rg BT 134.15 134.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.58 134.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 175.95 134.10 Td (high ) Tj ET Q q 0 0 0 rg BT 193.61 134.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 216.45 134.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.88 134.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 266.06 134.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 306.24 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.00 134.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 352.24 134.10 Td (At ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 362.53 134.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 416.56 134.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 433.89 134.10 Td (, ) Tj ET Q q 0 0 0 rg BT 438.98 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.74 134.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 478.81 134.10 Td (occupancy) Tj ET Q q 0 0 0 rg BT 515.48 134.10 Td (, ) Tj ET Q q 0 0 0 rg BT 520.58 134.10 Td (excluding ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 122.70 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 103.90 122.70 Td (of) Tj ET Q q 0 0 0 rg BT 110.26 122.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 125.25 122.70 Td (properties, ) Tj ET Q q 0 0 0 rg BT 164.92 122.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 181.64 122.70 Td (90.2%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 203.73 122.70 Td ( ) Tj ET Q q 0 0 0 rg BT 206.59 122.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 244.10 122.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 253.46 122.70 Td (89.7%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 275.55 122.70 Td ( ) Tj ET Q q 0 0 0 rg BT 278.41 122.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 287.77 122.70 Td (June30, ) Tj ET Q q 0 0 0 rg BT 320.53 122.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 337.86 122.70 Td (. ) Tj ET Q q 0 0 0 rg BT 342.71 122.70 Td (This ) Tj ET Q q 0 0 0 rg BT 360.29 122.70 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 400.40 122.70 Td (level ) Tj ET Q q 0 0 0 rg BT 419.29 122.70 Td (is ) Tj ET Q q 0 0 0 rg BT 427.78 122.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 452.29 122.70 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.38 122.70 Td (50) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.05 122.70 Td ( ) Tj ET Q q 0 0 0 rg BT 474.91 122.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 495.96 122.70 Td (points ) Tj ET Q q 0 0 0 rg BT 519.62 122.70 Td (due ) Tj ET Q q 0 0 0 rg BT 535.48 122.70 Td (to ) Tj ET Q q 0 0 0 rg BT 544.84 122.70 Td (an ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 111.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 81.11 111.30 Td (in ) Tj ET Q q 0 0 0 rg BT 89.34 111.30 Td (same ) Tj ET Q q 0 0 0 rg BT 110.56 111.30 Td (store ) Tj ET Q q 0 0 0 rg BT 130.05 111.30 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 169.46 111.30 Td (and ) Tj ET Q q 0 0 0 rg BT 184.63 111.30 Td (due ) Tj ET Q q 0 0 0 rg BT 199.79 111.30 Td (to ) Tj ET Q q 0 0 0 rg BT 208.46 111.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 232.28 111.30 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 271.69 111.30 Td (levels ) Tj ET Q q 0 0 0 rg BT 293.78 111.30 Td (at ) Tj ET Q q 0 0 0 rg BT 302.44 111.30 Td (the ) Tj ET Q q 0 0 0 rg BT 315.44 111.30 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 348.35 111.30 Td (Centre ) Tj ET Q q 0 0 0 rg BT 373.90 111.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 405.95 111.30 Td (at ) Tj ET Q q 0 0 0 rg BT 414.61 111.30 Td (the ) Tj ET Q q 0 0 0 rg BT 427.61 111.30 Td (end ) Tj ET Q q 0 0 0 rg BT 442.78 111.30 Td (of ) Tj ET Q q 0 0 0 rg BT 451.44 111.30 Td (the ) Tj ET Q q 0 0 0 rg BT 464.44 111.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 482.19 111.30 Td (quarter) Tj ET Q q 0 0 0 rg BT 506.44 111.30 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 91.90 Td (At ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 59.20 91.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 112.65 91.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 129.98 91.90 Td (, ) Tj ET Q q 0 0 0 rg BT 134.48 91.90 Td (the ) Tj ET Q q 0 0 0 rg BT 147.65 91.90 Td (in-place ) Tj ET Q q 0 0 0 rg BT 177.27 91.90 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 216.86 91.90 Td (of ) Tj ET Q q 0 0 0 rg BT 225.70 91.90 Td (the ) Tj ET Q q 0 0 0 rg BT 238.87 91.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 264.34 91.90 Td (total ) Tj ET Q q 0 0 0 rg BT 281.41 91.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 311.46 91.90 Td (including ) Tj ET Q q 0 0 0 rg BT 344.55 91.90 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 398.43 91.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 423.29 91.90 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 439.48 91.90 Td (86.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.57 91.90 Td (. ) Tj ET Q q 0 0 0 rg BT 465.93 91.90 Td (This ) Tj ET Q q 0 0 0 rg BT 482.98 91.90 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 522.57 91.90 Td (level ) Tj ET Q q 0 0 0 rg BT 540.93 91.90 Td (has ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 80.50 Td (increased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 85.12 80.50 Td (50) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 93.78 80.50 Td ( ) Tj ET Q q 0 0 0 rg BT 95.62 80.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 115.64 80.50 Td (points ) Tj ET Q q 0 0 0 rg BT 138.27 80.50 Td (from ) Tj ET Q q 0 0 0 rg BT 155.69 80.50 Td (the ) Tj ET Q q 0 0 0 rg BT 168.36 80.50 Td (second ) Tj ET Q q 0 0 0 rg BT 195.32 80.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 221.83 80.50 Td (of ) Tj ET Q q 0 0 0 rg BT 230.17 80.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 249.34 80.50 Td (as ) Tj ET Q q 0 0 0 rg BT 259.40 80.50 Td (a ) Tj ET Q q 0 0 0 rg BT 265.57 80.50 Td (result ) Tj ET Q q 0 0 0 rg BT 286.46 80.50 Td (of ) Tj ET Q q 0 0 0 rg BT 294.79 80.50 Td (the ) Tj ET Q q 0 0 0 rg BT 307.46 80.50 Td (full ) Tj ET Q q 0 0 0 rg BT 319.26 80.50 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 358.34 80.50 Td (of ) Tj ET Q q 0 0 0 rg BT 366.68 80.50 Td (2251 ) Tj ET Q q 0 0 0 rg BT 385.85 80.50 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 424.93 80.50 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 447.10 80.50 Td (which ) Tj ET Q q 0 0 0 rg BT 468.85 80.50 Td (was ) Tj ET Q q 0 0 0 rg BT 484.54 80.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 521.45 80.50 Td (classified ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 69.10 Td (as ) Tj ET Q q 0 0 0 rg BT 59.90 69.10 Td (being ) Tj ET Q q 0 0 0 rg BT 81.12 69.10 Td (under ) Tj ET Q q 0 0 0 rg BT 103.21 69.10 Td (redevelopment.) 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 /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 724.70 Td (LEASE MA) Tj ET Q q 0 0 0 rg BT 89.18 724.70 Td (TURITIES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 707.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.17 707.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.78 707.30 Td ( ) Tj ET Q q 0 0 0 rg BT 85.03 707.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 118.89 707.30 Td (enters ) Tj ET Q q 0 0 0 rg BT 142.79 707.30 Td (into ) Tj ET Q q 0 0 0 rg BT 157.60 707.30 Td (leases ) Tj ET Q q 0 0 0 rg BT 182.37 707.30 Td (with ) Tj ET Q q 0 0 0 rg BT 198.46 707.30 Td (an ) Tj ET Q q 0 0 0 rg BT 209.38 707.30 Td (initial ) Tj ET Q q 0 0 0 rg BT 229.38 707.30 Td (term ) Tj ET Q q 0 0 0 rg BT 247.21 707.30 Td (to ) Tj ET Q q 0 0 0 rg BT 255.95 707.30 Td (maturity ) Tj ET Q q 0 0 0 rg BT 285.91 707.30 Td (between ) Tj ET Q q 0 0 0 rg BT 317.61 707.30 Td (2 ) Tj ET Q q 0 0 0 rg BT 324.19 707.30 Td (and ) Tj ET Q q 0 0 0 rg BT 339.43 707.30 Td (10 ) Tj ET Q q 0 0 0 rg BT 350.34 707.30 Td (years. ) Tj ET Q q 0 0 0 rg BT 373.81 707.30 Td ( ) Tj ET Q q 0 0 0 rg BT 375.61 707.30 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 415.31 707.30 Td (, ) Tj ET Q q 0 0 0 rg BT 419.72 707.30 Td (the ) Tj ET Q q 0 0 0 rg BT 432.80 707.30 Td (average ) Tj ET Q q 0 0 0 rg BT 463.20 707.30 Td (in-place ) Tj ET Q q 0 0 0 rg BT 492.73 707.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 529.18 707.30 Td (term ) Tj ET Q q 0 0 0 rg BT 547.01 707.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 695.90 Td (maturity ) Tj ET Q q 0 0 0 rg BT 78.96 695.90 Td (is ) Tj ET Q q 0 0 0 rg BT 86.34 695.90 Td (shorter ) Tj ET Q q 0 0 0 rg BT 112.34 695.90 Td (than ) Tj ET Q q 0 0 0 rg BT 129.26 695.90 Td (the ) Tj ET Q q 0 0 0 rg BT 141.84 695.90 Td (initial ) Tj ET Q q 0 0 0 rg BT 161.35 695.90 Td (term. ) Tj ET Q q 0 0 0 rg BT 180.85 695.90 Td ( ) Tj ET Q q 0 0 0 rg BT 182.49 695.90 Td (The ) Tj ET Q q 0 0 0 rg BT 197.67 695.90 Td (weighted ) Tj ET Q q 0 0 0 rg BT 230.61 695.90 Td (average ) Tj ET Q q 0 0 0 rg BT 260.51 695.90 Td (remaining ) Tj ET Q q 0 0 0 rg BT 296.47 695.90 Td (term ) Tj ET Q q 0 0 0 rg BT 313.81 695.90 Td (to ) Tj ET Q q 0 0 0 rg BT 322.06 695.90 Td (maturity ) Tj ET Q q 0 0 0 rg BT 351.52 695.90 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.77 695.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 412.63 695.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.96 695.90 Td ( ) Tj ET Q q 0 0 0 rg BT 431.71 695.90 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 447.32 695.90 Td (5.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.15 695.90 Td ( ) Tj ET Q q 0 0 0 rg BT 459.90 695.90 Td (years, ) Tj ET Q q 0 0 0 rg BT 482.87 695.90 Td (not ) Tj ET Q q 0 0 0 rg BT 495.46 695.90 Td (including ) Tj ET Q q 0 0 0 rg BT 527.96 695.90 Td (tenants ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 684.50 Td (on ) Tj ET Q q 0 0 0 rg BT 60.44 684.50 Td (month-to-month ) Tj ET Q q 0 0 0 rg BT 117.70 684.50 Td (leases. ) Tj ET Q q 0 0 0 rg BT 144.66 684.50 Td ( ) Tj ET Q q 0 0 0 rg BT 146.93 684.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 194.67 684.50 Td (considers ) Tj ET Q q 0 0 0 rg BT 230.28 684.50 Td (the ) Tj ET Q q 0 0 0 rg BT 243.38 684.50 Td (current ) Tj ET Q q 0 0 0 rg BT 269.90 684.50 Td (average ) Tj ET Q q 0 0 0 rg BT 300.32 684.50 Td (duration ) Tj ET Q q 0 0 0 rg BT 330.75 684.50 Td (of ) Tj ET Q q 0 0 0 rg BT 339.52 684.50 Td (rents ) Tj ET Q q 0 0 0 rg BT 359.11 684.50 Td (to ) Tj ET Q q 0 0 0 rg BT 367.88 684.50 Td (be ) Tj ET Q q 0 0 0 rg BT 378.81 684.50 Td (indicative ) Tj ET Q q 0 0 0 rg BT 413.56 684.50 Td (of ) Tj ET Q q 0 0 0 rg BT 422.33 684.50 Td (the ) Tj ET Q q 0 0 0 rg BT 435.43 684.50 Td (stability ) Tj ET Q q 0 0 0 rg BT 463.69 684.50 Td (of ) Tj ET Q q 0 0 0 rg BT 472.45 684.50 Td (the ) Tj ET Q q 0 0 0 rg BT 485.56 684.50 Td (portfolio's ) Tj ET Q q 0 0 0 rg BT 520.93 684.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 539.66 684.50 Td (flow ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 88.48 673.10 Td (abilities ) Tj ET Q q 0 0 0 rg BT 116.63 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.80 673.10 Td (diversified ) Tj ET Q q 0 0 0 rg BT 169.04 673.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 198.91 673.10 Td (risk. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 655.70 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 50 645.2 m 122 645.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122 645.2 m 194 645.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 645.2 m 266 645.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 645.2 m 338 645.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 645.2 m 410 645.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 631.2 m 410 631.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 645.2 m 482 645.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 645.2 m 554 645.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 631.2 m 122 631.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 600.2 m 122 600.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 122 631.2 m 194 631.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 122 600.2 m 194 600.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 631.2 m 266 631.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 600.2 m 266 600.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 631.2 m 338 631.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 600.2 m 338 600.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 631.2 m 410 631.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 600.2 m 410 600.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 631.2 m 482 631.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 600.2 m 482 600.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 631.2 m 554 631.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 600.2 m 554 600.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 122 600.2 m 194 600.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 555.2 m 122 555.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 122 555.2 m 194 555.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 555.2 m 266 555.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 555.2 m 338 555.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 555.2 m 410 555.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 555.2 m 482 555.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 555.2 m 554 555.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 525.2 m 122 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 122 525.2 m 194 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 525.2 m 266 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 525.2 m 338 525.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 525.2 m 410 525.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 510.2 m 122 510.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122 510.2 m 194 510.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 510.2 m 266 510.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 510.2 m 338 510.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 510.2 m 410 510.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 525.2 m 482 525.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 510.2 m 482 510.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 525.2 m 554 525.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 510.2 m 554 510.2 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 261.70 635.73 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 501.10 635.73 Td (June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 155.55 621.78 Td (W) Tj ET Q q 0 0 0 rg BT 162.77 621.78 Td (eighted ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 129.00 612.28 Td (average years to ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 151.40 602.78 Td (maturity ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 184.30 605.21 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 246.30 604.73 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.70 604.73 Td (% of GLA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.70 621.78 Td (W) Tj ET Q q 0 0 0 rg BT 380.92 621.78 Td (eighted ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.45 612.28 Td (average years to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 370.40 602.78 Td (maturity ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 400.27 605.21 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.30 604.73 Td (GLA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.55 604.73 Td (% of GLA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 589.73 Td (Atlantic) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 180.05 589.73 Td (5.5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 228.20 589.73 Td (2,189,353) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.35 589.73 Td (43.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 589.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.05 589.73 Td (4.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.20 589.73 Td (1,988,267) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 589.73 Td (42.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 589.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 574.73 Td (Ontario) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 180.05 574.73 Td (4.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 228.20 574.73 Td (1,674,966) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.35 574.73 Td (33.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 574.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.05 574.73 Td (4.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.20 574.73 Td (1,559,007) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 574.73 Td (33.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 574.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 559.73 Td (Western) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 180.05 559.73 Td (8.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 234.70 559.73 Td (567,153) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.35 559.73 Td (11.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 559.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.05 559.73 Td (9.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 450.70 559.73 Td (509,158) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 559.73 Td (10.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 559.73 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 180.05 544.73 Td (5.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 228.20 544.73 Td (4,431,472) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.35 544.73 Td (88.9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 544.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.05 544.73 Td (5.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.20 544.73 Td (4,056,432) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 544.73 Td (85.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 544.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 529.73 Td (V) Tj ET Q q 0 0 0 rg BT 57.13 529.73 Td (acant ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 78.35 532.16 Td (\(2\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 234.70 529.73 Td (558,580) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.35 529.73 Td (11.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 529.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 450.70 529.73 Td (670,982) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 529.73 Td (14.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 529.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 514.73 Td (Total) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 228.20 514.73 Td (4,990,052) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 514.73 Td (100.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 514.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.20 514.73 Td (4,727,414) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 514.73 Td (100.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 514.73 Td (%) Tj ET Q BT /F3 7.50 Tf ET BT /F3 4.87 Tf ET q 0 0 0 rg BT 49.50 503.62 Td (\(1\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 54.38 501.70 Td ( ) Tj ET Q q 0 0 0 rg BT 55.99 501.70 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 BT /F3 4.87 Tf ET q 0 0 0 rg BT 49.50 494.62 Td (\(2\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 54.38 492.70 Td ( Does not include committed leases commencing after ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 203.79 492.70 Td (September30, 2016) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 259.53 492.70 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 469.90 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 466.35 469.90 Td (September30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.95 469.90 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 459.4 m 338 459.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 416.4 m 338 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 459.4 m 410 459.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 416.4 m 410 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 459.4 m 482 459.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 416.4 m 482 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 459.4 m 554 459.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 416.4 m 554 416.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 290.4 m 338 290.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 290.4 m 410 290.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 290.4 m 482 290.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 290.4 m 554 290.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 276.4 m 338 276.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 276.4 m 410 276.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 276.4 m 482 276.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 276.4 m 554 276.4 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 390.30 420.93 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 428.30 420.93 Td (% of portfolio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.55 439.93 Td (W) Tj ET Q q 0 0 0 rg BT 522.77 439.93 Td (eighted ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 489.40 430.43 Td (average in-place ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 487.15 420.93 Td (rent \(per sq.ft.\) ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 544.28 423.36 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 406.93 Td (Month-to-month) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 406.93 Td (133,224) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 406.93 Td (2.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 406.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 406.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 406.93 Td (15.69) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 392.93 Td (Remainder of 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 392.93 Td (149,411) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 392.93 Td (3.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 392.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 392.93 Td (15.47) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 378.93 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 378.93 Td (585,043) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.35 378.93 Td (11.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 378.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 378.93 Td (13.02) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 364.93 Td (2018) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 364.93 Td (709,838) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.35 364.93 Td (14.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 364.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 364.93 Td (15.28) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 350.93 Td (2019) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 350.93 Td (398,973) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 350.93 Td (8.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 350.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 350.93 Td (16.52) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 336.93 Td (2020) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 336.93 Td (621,300) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.35 336.93 Td (12.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 336.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 336.93 Td (17.25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 322.93 Td (2021) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 322.93 Td (261,717) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 322.93 Td (5.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 322.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 322.93 Td (19.37) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 308.93 Td (2022 and later) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.20 308.93 Td (1,524,021) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.35 308.93 Td (30.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 308.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 308.93 Td (18.54) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 294.93 Td (Vacant) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 294.93 Td (606,525) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.35 294.93 Td (12.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 294.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 294.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 280.93 Td (Total/weighted average) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 372.20 280.93 Td (4,990,052) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 280.93 Td (100.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.55 280.93 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 484.50 280.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.40 280.93 Td (16.77) Tj ET Q BT /F3 7.50 Tf ET BT /F3 4.87 Tf ET q 0 0 0 rg BT 49.50 269.82 Td (\(1\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 54.38 267.90 Td ( Future weighted average in-place rents include contractual step-ups, which in certain leases, have not been realized by the REIT) Tj ET Q q 0 0 0 rg BT 405.54 267.90 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 250.50 Td (IN-PLACE ) Tj ET Q q 0 0 0 rg BT 88.16 250.50 Td (AND MARKET RENTS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (During ) Tj ET Q q 0 0 0 rg BT 74.24 233.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 86.86 233.10 Td (three ) Tj ET Q q 0 0 0 rg BT 106.41 233.10 Td (months ) Tj ET Q q 0 0 0 rg BT 133.75 233.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 157.21 233.10 Td (September ) Tj ET Q q 0 0 0 rg BT 197.10 233.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 209.73 233.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 227.06 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 231.02 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.64 233.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 261.25 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.04 233.10 Td (completed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 300.78 233.10 Td (335,231) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 328.94 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.73 233.10 Td (square ) Tj ET Q q 0 0 0 rg BT 356.34 233.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 371.13 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.43 233.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 405.90 233.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 443.63 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.92 233.10 Td (both ) Tj ET Q q 0 0 0 rg BT 468.88 233.10 Td (new ) Tj ET Q q 0 0 0 rg BT 484.96 233.10 Td (deals ) Tj ET Q q 0 0 0 rg BT 505.38 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.17 233.10 Td (renewals. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 221.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 221.70 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 221.70 Td (table ) Tj ET Q q 0 0 0 rg BT 116.63 221.70 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 160.79 221.70 Td (the ) Tj ET Q q 0 0 0 rg BT 173.78 221.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 199.08 221.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 225.94 221.70 Td (activity ) Tj ET Q q 0 0 0 rg BT 251.92 221.70 Td (during ) Tj ET Q q 0 0 0 rg BT 275.74 221.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.74 221.70 Td (three ) Tj ET Q q 0 0 0 rg BT 308.66 221.70 Td (months ) Tj ET Q q 0 0 0 rg BT 336.38 221.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 360.21 221.70 Td (September ) Tj ET Q q 0 0 0 rg BT 400.48 221.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 413.48 221.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.81 221.70 Td (:) Tj ET Q 1 1 1 rg /GS0 gs 50.00 168.20 144.00 -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 50 211.20000000000005 m 194 211.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 168.20000000000005 m 194 168.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 211.20000000000005 m 266 211.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 168.20000000000005 m 266 168.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 211.20000000000005 m 338 211.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 168.20000000000005 m 338 168.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 211.20000000000005 m 410 211.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 168.20000000000005 m 410 168.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 211.20000000000005 m 482 211.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 168.20000000000005 m 482 168.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 211.20000000000005 m 554 211.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 168.20000000000005 m 554 168.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 138.20000000000005 m 194 138.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 138.20000000000005 m 266 138.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 138.20000000000005 m 338 138.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 138.20000000000005 m 410 138.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 138.20000000000005 m 482 138.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 138.20000000000005 m 554 138.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 108.20000000000005 m 194 108.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 108.20000000000005 m 266 108.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 108.20000000000005 m 338 108.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 108.20000000000005 m 410 108.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 108.20000000000005 m 482 108.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 108.20000000000005 m 554 108.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 93.20000000000005 m 194 93.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 93.20000000000005 m 266 93.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 93.20000000000005 m 338 93.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 93.20000000000005 m 410 93.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 93.20000000000005 m 482 93.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 93.20000000000005 m 554 93.20000000000005 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 246.30 172.73 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 269.55 172.73 Td (Number of leases) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 371.55 191.73 Td (Weighted) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 344.55 182.23 Td (average expiring) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.50 172.73 Td (rent \(per sq.ft.\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 443.55 191.73 Td (W) Tj ET Q q 0 0 0 rg BT 450.77 191.73 Td (eighted ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 414.80 182.23 Td (average new rent) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.40 172.73 Td (\(per sq.ft.\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 518.85 182.23 Td (Increase) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 485.55 172.73 Td (\(decrease\) in rent) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 157.73 Td (Renewed leases) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 234.70 157.73 Td (257,551) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 326.20 157.73 Td (11) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 157.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 157.73 Td (16.42) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.50 157.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.40 157.73 Td (15.92) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.50 157.73 Td (\(3.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.95 157.73 Td (\)%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 142.73 Td (New leases) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.05 142.73 Td (77,680) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 326.20 142.73 Td (13) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 142.73 Td (12.20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.40 142.73 Td (11.95) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.50 142.73 Td (\(2.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.95 142.73 Td (\)%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 127.73 Td (Total / weighted average) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 234.70 127.73 Td (335,231) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 326.20 127.73 Td (24) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.50 127.73 Td (\(2.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.95 127.73 Td (\)%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 112.73 Td (Less: leases not renewed / vacated) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.05 112.73 Td (26,717) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 326.20 112.73 Td (11) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 97.73 Td (Net total / weighted average) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 234.70 97.73 Td (308,514) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 76.30 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 78.47 76.30 Td (during ) Tj ET Q q 0 0 0 rg BT 102.25 76.30 Td (the ) Tj ET Q q 0 0 0 rg BT 115.21 76.30 Td (quarter) Tj ET Q q 0 0 0 rg BT 139.46 76.30 Td (, ) Tj ET Q q 0 0 0 rg BT 143.76 76.30 Td (rent ) Tj ET Q q 0 0 0 rg BT 159.31 76.30 Td (on ) Tj ET Q q 0 0 0 rg BT 170.10 76.30 Td (renewed ) Tj ET Q q 0 0 0 rg BT 202.10 76.30 Td (leases ) Tj ET Q q 0 0 0 rg BT 226.75 76.30 Td (were ) Tj ET Q q 0 0 0 rg BT 245.75 76.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 283.82 76.30 Td (at ) Tj ET Q q 0 0 0 rg BT 292.45 76.30 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 298.91 76.30 Td (3.0%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.66 76.30 Td ( ) Tj ET Q q 0 0 0 rg BT 318.79 76.30 Td (discount ) Tj ET Q q 0 0 0 rg BT 349.93 76.30 Td (to ) Tj ET Q q 0 0 0 rg BT 358.56 76.30 Td (expiring ) Tj ET Q q 0 0 0 rg BT 387.96 76.30 Td (rents ) Tj ET Q q 0 0 0 rg BT 407.41 76.30 Td (and ) Tj ET Q q 0 0 0 rg BT 422.53 76.30 Td (new ) Tj ET Q q 0 0 0 rg BT 438.95 76.30 Td (leases ) Tj ET Q q 0 0 0 rg BT 463.59 76.30 Td (were ) Tj ET Q q 0 0 0 rg BT 482.60 76.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 520.67 76.30 Td (at ) Tj ET Q q 0 0 0 rg BT 529.30 76.30 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.75 76.30 Td (2.1%) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 64.90 Td (discount ) Tj ET Q q 0 0 0 rg BT 80.88 64.90 Td (to ) Tj ET Q q 0 0 0 rg BT 89.73 64.90 Td (in-place ) Tj ET Q q 0 0 0 rg BT 119.37 64.90 Td (building ) Tj ET Q q 0 0 0 rg BT 148.58 64.90 Td (rents. ) Tj ET Q q 0 0 0 rg BT 170.28 64.90 Td (The ) Tj ET Q q 0 0 0 rg BT 186.06 64.90 Td (negative ) Tj ET Q q 0 0 0 rg BT 217.87 64.90 Td (rental ) Tj ET Q q 0 0 0 rg BT 239.72 64.90 Td (spread ) Tj ET Q q 0 0 0 rg BT 265.90 64.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 291.63 64.90 Td (was ) Tj ET Q q 0 0 0 rg BT 307.84 64.90 Td (caused ) Tj ET Q q 0 0 0 rg BT 335.32 64.90 Td (in ) Tj ET Q q 0 0 0 rg BT 343.74 64.90 Td (part ) Tj ET Q q 0 0 0 rg BT 359.52 64.90 Td (by ) Tj ET Q q 0 0 0 rg BT 370.11 64.90 Td (the ) Tj ET Q q 0 0 0 rg BT 383.30 64.90 Td (Medavie ) Tj ET Q q 0 0 0 rg BT 415.10 64.90 Td (Blue ) Tj ET Q q 0 0 0 rg BT 433.05 64.90 Td (Cross ) Tj ET Q q 0 0 0 rg BT 455.75 64.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 476.73 64.90 Td (renewal ) Tj ET Q q 0 0 0 rg BT 506.36 64.90 Td (at ) Tj ET Q q 0 0 0 rg BT 515.22 64.90 Td (Blue ) Tj ET Q q 0 0 0 rg BT 533.16 64.90 Td (Cross ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 53.50 Td (Centre ) Tj ET Q q 0 0 0 rg BT 74.80 53.50 Td (in ) Tj ET Q q 0 0 0 rg BT 82.77 53.50 Td (Moncton, ) Tj ET Q q 0 0 0 rg BT 116.74 53.50 Td (New ) Tj ET Q q 0 0 0 rg BT 134.23 53.50 Td (Brunswick, ) Tj ET Q q 0 0 0 rg BT 173.81 53.50 Td (which ) Tj ET Q q 0 0 0 rg BT 195.64 53.50 Td (was ) Tj ET Q q 0 0 0 rg BT 211.41 53.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 249.27 53.50 Td (at ) Tj ET Q q 0 0 0 rg BT 257.68 53.50 Td (an ) Tj ET Q q 0 0 0 rg BT 268.27 53.50 Td (average ) Tj ET Q q 0 0 0 rg BT 298.33 53.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 313.67 53.50 Td (6.1% ) Tj ET Q q 0 0 0 rg BT 333.35 53.50 Td (below ) Tj ET Q q 0 0 0 rg BT 355.61 53.50 Td (in-place ) Tj ET Q q 0 0 0 rg BT 384.81 53.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 400.15 53.50 Td (but ) Tj ET Q q 0 0 0 rg BT 412.90 53.50 Td (at ) Tj ET Q q 0 0 0 rg BT 421.31 53.50 Td (a ) Tj ET Q q 0 0 0 rg BT 427.56 53.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 451.13 53.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 466.47 53.50 Td (than ) Tj ET Q q 0 0 0 rg BT 483.55 53.50 Td (the ) Tj ET Q q 0 0 0 rg BT 496.30 53.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 513.91 53.50 Td ( ) Tj ET Q q 0 0 0 rg BT 515.83 53.50 Td (anticipated ) 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 /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.71 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.68 742.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 109.63 742.10 Td (underwriting. ) Tj ET Q q 0 0 0 rg BT 156.24 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 171.81 742.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 198.64 742.10 Td (spread ) Tj ET Q q 0 0 0 rg BT 224.60 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 240.59 742.10 Td (also ) Tj ET Q q 0 0 0 rg BT 257.03 742.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 292.51 742.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 326.27 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 336.64 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 343.11 742.10 Td (new ) Tj ET Q q 0 0 0 rg BT 359.54 742.10 Td (6,700 ) Tj ET Q q 0 0 0 rg BT 381.18 742.10 Td (square ) Tj ET Q q 0 0 0 rg BT 407.14 742.10 Td (foot ) Tj ET Q q 0 0 0 rg BT 422.28 742.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 443.05 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.25 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.23 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 471.30 742.10 Td (ater ) Tj ET Q q 0 0 0 rg BT 486.86 742.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 509.79 742.10 Td (Properties ) Tj ET Q q 0 0 0 rg BT 547.44 742.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (St. ) Tj ET Q q 0 0 0 rg BT 61.44 730.70 Td (John's, ) Tj ET Q q 0 0 0 rg BT 88.30 730.70 Td (Newfoundland, ) Tj ET Q q 0 0 0 rg BT 142.67 730.70 Td (that ) Tj ET Q q 0 0 0 rg BT 158.08 730.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 189.94 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 203.18 730.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 220.78 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 223.19 730.70 Td (with ) Tj ET Q q 0 0 0 rg BT 239.45 730.70 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 293.40 730.70 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 325.25 730.70 Td (in ) Tj ET Q q 0 0 0 rg BT 333.72 730.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 369.92 730.70 Td (for ) Tj ET Q q 0 0 0 rg BT 381.42 730.70 Td (providing ) Tj ET Q q 0 0 0 rg BT 415.44 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 428.68 730.70 Td (tenant ) Tj ET Q q 0 0 0 rg BT 452.75 730.70 Td (below ) Tj ET Q q 0 0 0 rg BT 475.51 730.70 Td (market ) Tj ET Q q 0 0 0 rg BT 501.73 730.70 Td (rent.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.32 730.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 519.73 730.70 Td (Excluding ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 719.30 Td (these ) Tj ET Q q 0 0 0 rg BT 70.78 719.30 Td (two ) Tj ET Q q 0 0 0 rg BT 85.13 719.30 Td (unique ) Tj ET Q q 0 0 0 rg BT 110.74 719.30 Td (deals, ) Tj ET Q q 0 0 0 rg BT 133.76 719.30 Td (the ) Tj ET Q q 0 0 0 rg BT 146.81 719.30 Td (overall ) Tj ET Q q 0 0 0 rg BT 171.98 719.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 198.89 719.30 Td (spread ) Tj ET Q q 0 0 0 rg BT 224.93 719.30 Td (was ) Tj ET Q q 0 0 0 rg BT 241.01 719.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 269.65 719.30 Td (3.4%, ) Tj ET Q q 0 0 0 rg BT 291.79 719.30 Td (with ) Tj ET Q q 0 0 0 rg BT 307.87 719.30 Td (new ) Tj ET Q q 0 0 0 rg BT 324.38 719.30 Td (leases ) Tj ET Q q 0 0 0 rg BT 349.12 719.30 Td (representing ) Tj ET Q q 0 0 0 rg BT 394.65 719.30 Td (a ) Tj ET Q q 0 0 0 rg BT 401.21 719.30 Td (5.0% ) Tj ET Q q 0 0 0 rg BT 421.19 719.30 Td (increase, ) Tj ET Q q 0 0 0 rg BT 455.02 719.30 Td (and ) Tj ET Q q 0 0 0 rg BT 470.24 719.30 Td (renewals ) Tj ET Q q 0 0 0 rg BT 503.64 719.30 Td (representing ) Tj ET Q q 0 0 0 rg BT 549.17 719.30 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 707.90 Td (2.4% ) Tj ET Q q 0 0 0 rg BT 69.42 707.90 Td (increase, ) Tj ET Q q 0 0 0 rg BT 103.20 707.90 Td (which ) Tj ET Q q 0 0 0 rg BT 125.28 707.90 Td (is ) Tj ET Q q 0 0 0 rg BT 133.08 707.90 Td (in-line ) Tj ET Q q 0 0 0 rg BT 156.03 707.90 Td (with ) Tj ET Q q 0 0 0 rg BT 172.04 707.90 Td (our ) Tj ET Q q 0 0 0 rg BT 185.47 707.90 Td (expectations ) Tj ET Q q 0 0 0 rg BT 231.38 707.90 Td (for ) Tj ET Q q 0 0 0 rg BT 242.64 707.90 Td (the ) Tj ET Q q 0 0 0 rg BT 255.64 707.90 Td (portfolio.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 690.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.87 690.50 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 130.74 690.50 Td (in-place ) Tj ET Q q 0 0 0 rg BT 160.96 690.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 177.33 690.50 Td (of ) Tj ET Q q 0 0 0 rg BT 186.77 690.50 Td (the ) Tj ET Q q 0 0 0 rg BT 200.54 690.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 226.62 690.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 257.28 690.50 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 266.72 690.50 Td (September30, ) Tj ET Q q 0 0 0 rg BT 320.77 690.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 338.10 690.50 Td ( ) Tj ET Q q 0 0 0 rg BT 341.04 690.50 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 349.61 690.50 Td ($14.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.44 690.50 Td ( ) Tj ET Q q 0 0 0 rg BT 376.39 690.50 Td (per ) Tj ET Q q 0 0 0 rg BT 390.59 690.50 Td (sq.ft. ) Tj ET Q q 0 0 0 rg BT 410.43 690.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 458.84 690.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 495.13 690.50 Td (current ) Tj ET Q q 0 0 0 rg BT 522.32 690.50 Td (weighted ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 679.10 Td (average ) Tj ET Q q 0 0 0 rg BT 80.27 679.10 Td (market ) Tj ET Q q 0 0 0 rg BT 106.69 679.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 122.73 679.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.84 679.10 Td (be ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 143.12 679.10 Td ($15.25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 166.95 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.56 679.10 Td (per ) Tj ET Q q 0 0 0 rg BT 183.44 679.10 Td (sq.ft. ) Tj ET Q q 0 0 0 rg BT 202.94 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 214.65 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.10 679.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 258.42 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.09 679.10 Td (which ) Tj ET Q q 0 0 0 rg BT 289.62 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.07 679.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 328.81 679.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 366.07 679.10 Td (are ) Tj ET Q q 0 0 0 rg BT 379.94 679.10 Td (located, ) Tj ET Q q 0 0 0 rg BT 409.85 679.10 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.39 679.10 Td ($1.04) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.88 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.50 679.10 Td (per ) Tj ET Q q 0 0 0 rg BT 455.37 679.10 Td (sq.ft. ) Tj ET Q q 0 0 0 rg BT 474.88 679.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 499.15 679.10 Td (than ) Tj ET Q q 0 0 0 rg BT 516.92 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.37 679.10 Td (REIT's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 667.70 Td (current ) Tj ET Q q 0 0 0 rg BT 76.24 667.70 Td (in-place ) Tj ET Q q 0 0 0 rg BT 106.01 667.70 Td (rental ) Tj ET Q q 0 0 0 rg BT 127.98 667.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 143.90 667.70 Td (expiring ) Tj ET Q q 0 0 0 rg BT 173.67 667.70 Td (in ) Tj ET Q q 0 0 0 rg BT 182.22 667.70 Td (2016. ) Tj ET Q q 0 0 0 rg BT 204.05 667.70 Td (This ) Tj ET Q q 0 0 0 rg BT 221.26 667.70 Td (estimate ) Tj ET Q q 0 0 0 rg BT 253.20 667.70 Td (of ) Tj ET Q q 0 0 0 rg BT 262.18 667.70 Td (current ) Tj ET Q q 0 0 0 rg BT 288.92 667.70 Td (market ) Tj ET Q q 0 0 0 rg BT 315.22 667.70 Td (rent ) Tj ET Q q 0 0 0 rg BT 331.13 667.70 Td (is ) Tj ET Q q 0 0 0 rg BT 339.25 667.70 Td (based ) Tj ET Q q 0 0 0 rg BT 362.97 667.70 Td (on ) Tj ET Q q 0 0 0 rg BT 374.12 667.70 Td (Management's ) Tj ET Q q 0 0 0 rg BT 427.47 667.70 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 465.47 667.70 Td (third ) Tj ET Q q 0 0 0 rg BT 483.12 667.70 Td (party ) Tj ET Q q 0 0 0 rg BT 502.93 667.70 Td (valuations ) Tj ET Q q 0 0 0 rg BT 540.50 667.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 656.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 76.30 656.30 Td (data ) Tj ET Q q 0 0 0 rg BT 93.57 656.30 Td (obtained ) Tj ET Q q 0 0 0 rg BT 125.58 656.30 Td (from ) Tj ET Q q 0 0 0 rg BT 143.27 656.30 Td (actual ) Tj ET Q q 0 0 0 rg BT 166.17 656.30 Td (new ) Tj ET Q q 0 0 0 rg BT 182.57 656.30 Td (and ) Tj ET Q q 0 0 0 rg BT 197.68 656.30 Td (renewed ) Tj ET Q q 0 0 0 rg BT 229.67 656.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 256.47 656.30 Td (activity) Tj ET Q q 0 0 0 rg BT 279.71 656.30 Td (. ) Tj ET Q q 0 0 0 rg BT 283.99 656.30 Td (While ) Tj ET Q q 0 0 0 rg BT 305.58 656.30 Td (there ) Tj ET Q q 0 0 0 rg BT 325.45 656.30 Td (are ) Tj ET Q q 0 0 0 rg BT 338.82 656.30 Td (no ) Tj ET Q q 0 0 0 rg BT 349.60 656.30 Td (assurances ) Tj ET Q q 0 0 0 rg BT 391.55 656.30 Td (that ) Tj ET Q q 0 0 0 rg BT 406.66 656.30 Td (maturing ) Tj ET Q q 0 0 0 rg BT 439.08 656.30 Td (leases ) Tj ET Q q 0 0 0 rg BT 463.71 656.30 Td (will ) Tj ET Q q 0 0 0 rg BT 476.64 656.30 Td (be ) Tj ET Q q 0 0 0 rg BT 487.41 656.30 Td (renewed ) Tj ET Q q 0 0 0 rg BT 519.40 656.30 Td (at ) Tj ET Q q 0 0 0 rg BT 528.01 656.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 547.45 656.30 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 644.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 76.26 644.90 Td (of ) Tj ET Q q 0 0 0 rg BT 85.26 644.90 Td (current ) Tj ET Q q 0 0 0 rg BT 112.02 644.90 Td (in-place ) Tj ET Q q 0 0 0 rg BT 141.81 644.90 Td (rents, ) Tj ET Q q 0 0 0 rg BT 163.80 644.90 Td (or ) Tj ET Q q 0 0 0 rg BT 173.24 644.90 Td (at ) Tj ET Q q 0 0 0 rg BT 182.24 644.90 Td (all, ) Tj ET Q q 0 0 0 rg BT 194.71 644.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 242.69 644.90 Td (compares ) Tj ET Q q 0 0 0 rg BT 279.40 644.90 Td (in-place ) Tj ET Q q 0 0 0 rg BT 309.19 644.90 Td (to ) Tj ET Q q 0 0 0 rg BT 318.20 644.90 Td (market ) Tj ET Q q 0 0 0 rg BT 344.52 644.90 Td (rents ) Tj ET Q q 0 0 0 rg BT 364.34 644.90 Td (to ) Tj ET Q q 0 0 0 rg BT 373.35 644.90 Td (determine ) Tj ET Q q 0 0 0 rg BT 410.50 644.90 Td (the ) Tj ET Q q 0 0 0 rg BT 423.84 644.90 Td (future ) Tj ET Q q 0 0 0 rg BT 446.27 644.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 476.93 644.90 Td (capacity ) Tj ET Q q 0 0 0 rg BT 508.02 644.90 Td (of ) Tj ET Q q 0 0 0 rg BT 517.03 644.90 Td (the ) Tj ET Q q 0 0 0 rg BT 530.37 644.90 Td (REIT's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 633.50 Td (current ) Tj ET Q q 0 0 0 rg BT 75.91 633.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 105.80 633.50 Td (and ) Tj ET Q q 0 0 0 rg BT 120.96 633.50 Td (roll-over ) Tj ET Q q 0 0 0 rg BT 151.26 633.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 181.58 633.50 Td (risk. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (TENANT ) Tj ET Q q 0 0 0 rg BT 83.25 616.10 Td (PROFILE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 598.70 Td (Management's ) Tj ET Q q 0 0 0 rg BT 102.24 598.70 Td (strategy ) Tj ET Q q 0 0 0 rg BT 131.83 598.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 162.29 598.70 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 194.05 598.70 Td (that ) Tj ET Q q 0 0 0 rg BT 208.93 598.70 Td (the ) Tj ET Q q 0 0 0 rg BT 221.64 598.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 246.65 598.70 Td (tenants ) Tj ET Q q 0 0 0 rg BT 274.08 598.70 Td (are ) Tj ET Q q 0 0 0 rg BT 287.22 598.70 Td (diversified ) Tj ET Q q 0 0 0 rg BT 324.17 598.70 Td (and ) Tj ET Q q 0 0 0 rg BT 339.04 598.70 Td (of ) Tj ET Q q 0 0 0 rg BT 347.42 598.70 Td (high ) Tj ET Q q 0 0 0 rg BT 364.02 598.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 384.95 598.70 Td (quality) Tj ET Q q 0 0 0 rg BT 406.90 598.70 Td (. ) Tj ET Q q 0 0 0 rg BT 410.57 598.70 Td (A) Tj ET Q q 0 0 0 rg BT 415.34 598.70 Td ( ) Tj ET Q q 0 0 0 rg BT 417.22 598.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 440.75 598.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 465.15 598.70 Td (tenant ) Tj ET Q q 0 0 0 rg BT 488.69 598.70 Td (base ) Tj ET Q q 0 0 0 rg BT 507.46 598.70 Td (increases ) Tj ET Q q 0 0 0 rg BT 542.68 598.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 587.30 Td (durability ) Tj ET Q q 0 0 0 rg BT 82.98 587.30 Td (of ) Tj ET Q q 0 0 0 rg BT 91.77 587.30 Td (the ) Tj ET Q q 0 0 0 rg BT 104.90 587.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 130.33 587.30 Td (income ) Tj ET Q q 0 0 0 rg BT 157.75 587.30 Td (through ) Tj ET Q q 0 0 0 rg BT 186.47 587.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 222.11 587.30 Td (cycles, ) Tj ET Q q 0 0 0 rg BT 248.22 587.30 Td (which ) Tj ET Q q 0 0 0 rg BT 270.43 587.30 Td (directly ) Tj ET Q q 0 0 0 rg BT 297.41 587.30 Td (relates ) Tj ET Q q 0 0 0 rg BT 323.09 587.30 Td (to ) Tj ET Q q 0 0 0 rg BT 331.89 587.30 Td (their ) Tj ET Q q 0 0 0 rg BT 349.34 587.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 385.43 587.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 407.64 587.30 Td (to ) Tj ET Q q 0 0 0 rg BT 416.44 587.30 Td (meet ) Tj ET Q q 0 0 0 rg BT 436.06 587.30 Td (their ) Tj ET Q q 0 0 0 rg BT 453.51 587.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 474.44 587.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 513.98 587.30 Td (to ) Tj ET Q q 0 0 0 rg BT 522.78 587.30 Td (the ) Tj ET Q q 0 0 0 rg BT 535.91 587.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 553.52 587.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 575.90 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 575.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 96.29 575.90 Td (to ) Tj ET Q q 0 0 0 rg BT 104.95 575.90 Td (retain ) Tj ET Q q 0 0 0 rg BT 126.61 575.90 Td (their ) Tj ET Q q 0 0 0 rg BT 143.93 575.90 Td (workforce, ) Tj ET Q q 0 0 0 rg BT 182.03 575.90 Td (which ) Tj ET Q q 0 0 0 rg BT 204.11 575.90 Td (directly ) Tj ET Q q 0 0 0 rg BT 230.95 575.90 Td (impacts ) Tj ET Q q 0 0 0 rg BT 259.96 575.90 Td (their ) Tj ET Q q 0 0 0 rg BT 277.29 575.90 Td (need ) Tj ET Q q 0 0 0 rg BT 296.78 575.90 Td (for ) Tj ET Q q 0 0 0 rg BT 308.04 575.90 Td (of) Tj ET Q q 0 0 0 rg BT 314.41 575.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 328.70 575.90 Td (space. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 558.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 558.50 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 558.50 Td (are ) Tj ET Q q 0 0 0 rg BT 110.99 558.50 Td (the ) Tj ET Q q 0 0 0 rg BT 123.99 558.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 143.33 558.50 Td (s ) Tj ET Q q 0 0 0 rg BT 149.39 558.50 Td (top ) Tj ET Q q 0 0 0 rg BT 162.39 558.50 Td (10 ) Tj ET Q q 0 0 0 rg BT 173.22 558.50 Td (largest ) Tj ET Q q 0 0 0 rg BT 198.77 558.50 Td (tenants ) Tj ET Q q 0 0 0 rg BT 226.50 558.50 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 235.16 558.50 Td (September30, ) Tj ET Q q 0 0 0 rg BT 288.44 558.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.77 558.50 Td (, ) Tj ET Q q 0 0 0 rg BT 310.10 558.50 Td (which ) Tj ET Q q 0 0 0 rg BT 332.18 558.50 Td (together ) Tj ET Q q 0 0 0 rg BT 362.94 558.50 Td (represent ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.01 558.50 Td (46.5%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 420.10 558.50 Td ( ) Tj ET Q q 0 0 0 rg BT 422.27 558.50 Td (of ) Tj ET Q q 0 0 0 rg BT 430.94 558.50 Td (base ) Tj ET Q q 0 0 0 rg BT 450.00 558.50 Td (rental ) Tj ET Q q 0 0 0 rg BT 471.65 558.50 Td (receipts:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 542 m 194 542 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 509 m 194 509 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 542 m 266 542 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 509 m 266 509 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 542 m 338 542 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 509 m 338 509 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 542 m 410 542 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 509 m 410 509 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 542 m 482 542 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 509 m 482 509 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 542 m 554 542 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 509 m 554 509 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 369 m 194 369 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 355 m 194 355 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 194 369 m 266 369 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 355 m 266 355 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 369 m 338 369 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 355 m 338 355 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 369 m 410 369 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 355 m 410 355 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 369 m 482 369 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 355 m 482 355 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 369 m 554 369 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 355 m 554 355 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 513.53 Td (Tenant) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 202.15 513.53 Td (Credit rating ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 250.63 515.96 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.00 513.53 Td (GLA \(SF\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.55 523.03 Td (Number of) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 368.40 513.53 Td (properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 418.75 523.03 Td (% of base rental) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.60 513.53 Td (receipts) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.55 532.53 Td (Weighted) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 499.35 523.03 Td (average lease) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 505.90 513.53 Td (term \(years\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 499.53 Td (Government of Canada) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 221.90 499.53 Td (AAA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.70 499.53 Td (338,736) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 499.53 Td (8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.35 499.53 Td (10.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 499.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 499.53 Td (6.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 485.53 Td (Manitoba ) Tj ET Q q 0 0 0 rg BT 86.58 485.53 Td (T) Tj ET Q q 0 0 0 rg BT 90.48 485.53 Td (elecom Services Inc.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 210.65 485.53 Td (BBB \(high\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.05 485.58 Td (66,439) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 485.53 Td (2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 485.53 Td (8.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 485.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 485.53 Td (13.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 471.53 Td (Bell Canada Enterprises) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 221.70 471.53 Td (BBB) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.70 471.53 Td (484,794) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 471.53 Td (3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 471.53 Td (7.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 471.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 471.53 Td (3.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 457.53 Td (SNC-Lavalin Nuclear Inc.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 221.70 457.53 Td (BBB) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.70 457.53 Td (223,401) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 457.53 Td (2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 457.53 Td (4.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 457.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 457.53 Td (6.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 443.53 Td (Medavie Blue Cross) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.60 443.53 Td (Unrated) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.70 443.53 Td (160,433) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 443.53 Td (2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 443.53 Td (4.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 443.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 443.53 Td (12.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 429.53 Td (Province of New Brunswick) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.50 429.53 Td (AA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.70 429.53 Td (126,609) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 429.53 Td (2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 429.53 Td (3.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 429.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 429.53 Td (4.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 415.53 Td (Province of Nova Scotia) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.50 415.53 Td (AA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.70 415.53 Td (131,877) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 415.53 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 415.53 Td (2.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 415.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 415.53 Td (2.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 401.53 Td (The Minacs Group Inc.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.60 401.53 Td (Unrated) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.70 401.53 Td (103,179) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 401.53 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 401.53 Td (2.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 401.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 401.53 Td (5.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 387.53 Td (Province of Manitoba) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.50 387.53 Td (AA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.05 387.58 Td (95,650) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 387.53 Td (2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 387.53 Td (1.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 387.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 387.53 Td (21.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 373.53 Td (Extendicare Inc. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.85 373.53 Td (B \(high\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.05 373.58 Td (50,187) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 373.53 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.70 373.53 Td (1.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.55 373.53 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 540.05 373.53 Td (3.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 300.20 359.53 Td (1,781,305) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.35 359.53 Td (46.5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.55 359.53 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 540.05 359.53 Td (6.5) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 346.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.73 346.50 Td (Source: ) Tj ET Q q 0 0 0 rg BT 81.63 346.50 Td (DBRS, ) Tj ET Q q 0 0 0 rg BT 102.13 346.50 Td (Moody's) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 337.50 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 58.62 337.50 Td (The ) Tj ET Q q 0 0 0 rg BT 70.93 337.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 87.68 337.50 Td (rating ) Tj ET Q q 0 0 0 rg BT 104.77 337.50 Td (for ) Tj ET Q q 0 0 0 rg BT 113.66 337.50 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 149.89 337.50 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 172.79 337.50 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 184.42 337.50 Td (reflects ) Tj ET Q q 0 0 0 rg BT 205.96 337.50 Td (that ) Tj ET Q q 0 0 0 rg BT 217.93 337.50 Td (of ) Tj ET Q q 0 0 0 rg BT 224.77 337.50 Td (its ) Tj ET Q q 0 0 0 rg BT 232.63 337.50 Td (parent, ) Tj ET Q q 0 0 0 rg BT 253.49 337.50 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 289.72 337.50 Td (Group ) Tj ET Q q 0 0 0 rg BT 308.53 337.50 Td (Inc.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 314.70 Td (PROPERTY) Tj ET Q q 0 0 0 rg BT 92.71 314.70 Td ( ) Tj ET Q q 0 0 0 rg BT 94.88 314.70 Td (PROFILE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 297.30 Td (The ) Tj ET Q q 0 0 0 rg BT 66.09 297.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 91.89 297.30 Td (property ) Tj ET Q q 0 0 0 rg BT 123.13 297.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 153.51 297.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 162.68 297.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 216.45 297.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 233.78 297.30 Td (, ) Tj ET Q q 0 0 0 rg BT 238.61 297.30 Td (comprises ) Tj ET Q q 0 0 0 rg BT 276.77 297.30 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 326.63 297.30 Td (interests ) Tj ET Q q 0 0 0 rg BT 358.74 297.30 Td (in ) Tj ET Q q 0 0 0 rg BT 367.47 297.30 Td (thirty ) Tj ET Q q 0 0 0 rg BT 387.02 297.30 Td (of) Tj ET Q q 0 0 0 rg BT 393.38 297.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 408.17 297.30 Td (properties, ) Tj ET Q q 0 0 0 rg BT 447.65 297.30 Td (three ) Tj ET Q q 0 0 0 rg BT 468.07 297.30 Td (industrial ) Tj ET Q q 0 0 0 rg BT 501.91 297.30 Td (properties, ) Tj ET Q q 0 0 0 rg BT 541.38 297.30 Td (two ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 285.90 Td (retail ) Tj ET Q q 0 0 0 rg BT 69.08 285.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 105.93 285.90 Td (and ) Tj ET Q q 0 0 0 rg BT 121.12 285.90 Td (one ) Tj ET Q q 0 0 0 rg BT 136.32 285.90 Td (hotel. ) Tj ET Q q 0 0 0 rg BT 157.44 285.90 Td (The ) Tj ET Q q 0 0 0 rg BT 173.07 285.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 202.98 285.90 Td (comprises ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 240.68 285.90 Td (5.0 ) Tj ET Q q 0 0 0 rg BT 253.71 285.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 275.79 285.90 Td ( ) Tj ET Q q 0 0 0 rg BT 277.99 285.90 Td (square ) Tj ET Q q 0 0 0 rg BT 304.01 285.90 Td (feet ) Tj ET Q q 0 0 0 rg BT 319.21 285.90 Td (of ) Tj ET Q q 0 0 0 rg BT 327.90 285.90 Td (GLA. ) Tj ET Q q 0 0 0 rg BT 347.86 285.90 Td (Of ) Tj ET Q q 0 0 0 rg BT 358.29 285.90 Td (the ) Tj ET Q q 0 0 0 rg BT 371.32 285.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 396.65 285.90 Td (property ) Tj ET Q q 0 0 0 rg BT 427.43 285.90 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 459.52 285.90 Td (three ) Tj ET Q q 0 0 0 rg BT 479.47 285.90 Td (of ) Tj ET Q q 0 0 0 rg BT 488.17 285.90 Td (its ) Tj ET Q q 0 0 0 rg BT 498.16 285.90 Td (of) Tj ET Q q 0 0 0 rg BT 504.53 285.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 518.85 285.90 Td (properties ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 274.50 Td (are ) Tj ET Q q 0 0 0 rg BT 63.42 274.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 95.47 274.50 Td (under ) Tj ET Q q 0 0 0 rg BT 117.56 274.50 Td (redevelopment. ) Tj ET Q q 0 0 0 rg BT 173.42 274.50 Td (For ) Tj ET Q q 0 0 0 rg BT 187.28 274.50 Td (a ) Tj ET Q q 0 0 0 rg BT 193.78 274.50 Td (listing ) Tj ET Q q 0 0 0 rg BT 215.86 274.50 Td (of ) Tj ET Q q 0 0 0 rg BT 224.53 274.50 Td (all ) Tj ET Q q 0 0 0 rg BT 234.49 274.50 Td (of ) Tj ET Q q 0 0 0 rg BT 243.15 274.50 Td (the ) Tj ET Q q 0 0 0 rg BT 256.15 274.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 281.45 274.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 318.26 274.50 Td (see ) Tj ET Q q 0 0 0 rg BT 332.99 274.50 Td (P) Tj ET Q q 0 0 0 rg BT 337.61 274.50 Td (AR) Tj ET Q q 0 0 0 rg BT 348.30 274.50 Td (T) Tj ET Q q 0 0 0 rg BT 352.92 274.50 Td ( ) Tj ET Q q 0 0 0 rg BT 355.09 274.50 Td (VI ) Tj ET Q q 0 0 0 rg BT 364.62 274.50 Td (of ) Tj ET Q q 0 0 0 rg BT 373.28 274.50 Td (this ) Tj ET Q q 0 0 0 rg BT 387.57 274.50 Td (MD&A. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (Acquisitions ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 239.70 Td (During ) Tj ET Q q 0 0 0 rg BT 74.49 239.70 Td (the ) Tj ET Q q 0 0 0 rg BT 87.36 239.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 114.09 239.70 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 137.80 239.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 190.95 239.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 208.28 239.70 Td (, ) Tj ET Q q 0 0 0 rg BT 212.49 239.70 Td (the ) Tj ET Q q 0 0 0 rg BT 225.36 239.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 242.97 239.70 Td ( ) Tj ET Q q 0 0 0 rg BT 245.01 239.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 283.00 239.70 Td (two ) Tj ET Q q 0 0 0 rg BT 297.17 239.70 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 342.09 239.70 Td (On ) Tj ET Q q 0 0 0 rg BT 354.53 239.70 Td (September ) Tj ET Q q 0 0 0 rg BT 394.68 239.70 Td (8, ) Tj ET Q q 0 0 0 rg BT 403.22 239.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 424.76 239.70 Td (the ) Tj ET Q q 0 0 0 rg BT 437.64 239.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 455.25 239.70 Td ( ) Tj ET Q q 0 0 0 rg BT 457.29 239.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 495.28 239.70 Td (the ) Tj ET Q q 0 0 0 rg BT 508.16 239.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 547.02 239.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 228.30 Td (a ) Tj ET Q q 0 0 0 rg BT 55.52 228.30 Td (government-tenanted ) Tj ET Q q 0 0 0 rg BT 131.27 228.30 Td (building, ) Tj ET Q q 0 0 0 rg BT 161.98 228.30 Td (located ) Tj ET Q q 0 0 0 rg BT 188.79 228.30 Td (at ) Tj ET Q q 0 0 0 rg BT 196.98 228.30 Td (365 ) Tj ET Q q 0 0 0 rg BT 211.67 228.30 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 245.39 228.30 Td (in ) Tj ET Q q 0 0 0 rg BT 253.14 228.30 Td (Winnipeg, ) Tj ET Q q 0 0 0 rg BT 289.47 228.30 Td (Manitoba ) Tj ET Q q 0 0 0 rg BT 323.21 228.30 Td (from ) Tj ET Q q 0 0 0 rg BT 340.48 228.30 Td (SMC. ) Tj ET Q q 0 0 0 rg BT 361.54 228.30 Td (The ) Tj ET Q q 0 0 0 rg BT 376.65 228.30 Td (property ) Tj ET Q q 0 0 0 rg BT 406.92 228.30 Td (was ) Tj ET Q q 0 0 0 rg BT 422.46 228.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 454.03 228.30 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 464.81 228.30 Td ($12.3 ) Tj ET Q q 0 0 0 rg BT 486.00 228.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 508.07 228.30 Td (. ) Tj ET Q q 0 0 0 rg BT 511.93 228.30 Td (Subsequent ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 216.90 Td (to ) Tj ET Q q 0 0 0 rg BT 58.63 216.90 Td (the ) Tj ET Q q 0 0 0 rg BT 72.09 216.90 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 113.70 216.90 Td (the ) Tj ET Q q 0 0 0 rg BT 127.17 216.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 144.77 216.90 Td ( ) Tj ET Q q 0 0 0 rg BT 147.41 216.90 Td (arranged ) Tj ET Q q 0 0 0 rg BT 181.22 216.90 Td (for ) Tj ET Q q 0 0 0 rg BT 192.94 216.90 Td (an ) Tj ET Q q 0 0 0 rg BT 204.24 216.90 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 222.03 216.90 Td (million, ) Tj ET Q q 0 0 0 rg BT 248.91 216.90 Td (5-year ) Tj ET Q q 0 0 0 rg BT 273.62 216.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 292.71 216.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 308.76 216.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 344.31 216.90 Td (on ) Tj ET Q q 0 0 0 rg BT 355.60 216.90 Td (the ) Tj ET Q q 0 0 0 rg BT 369.06 216.90 Td (property ) Tj ET Q q 0 0 0 rg BT 400.27 216.90 Td (at ) Tj ET Q q 0 0 0 rg BT 409.40 216.90 Td (a ) Tj ET Q q 0 0 0 rg BT 416.37 216.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 432.42 216.90 Td (of ) Tj ET Q q 0 0 0 rg BT 441.55 216.90 Td (2.65%. ) Tj ET Q q 0 0 0 rg BT 468.44 216.90 Td (On ) Tj ET Q q 0 0 0 rg BT 481.47 216.90 Td (the ) Tj ET Q q 0 0 0 rg BT 494.93 216.90 Td (same ) Tj ET Q q 0 0 0 rg BT 516.61 216.90 Td (day ) Tj ET Q q 0 0 0 rg BT 531.80 216.90 Td (as ) Tj ET Q q 0 0 0 rg BT 542.66 216.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 205.50 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 84.13 205.50 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 125.70 205.50 Td (the ) Tj ET Q q 0 0 0 rg BT 139.12 205.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 156.73 205.50 Td ( ) Tj ET Q q 0 0 0 rg BT 159.32 205.50 Td (also ) Tj ET Q q 0 0 0 rg BT 176.21 205.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 212.58 205.50 Td (its ) Tj ET Q q 0 0 0 rg BT 222.96 205.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 251.11 205.50 Td (in ) Tj ET Q q 0 0 0 rg BT 259.76 205.50 Td (the ) Tj ET Q q 0 0 0 rg BT 273.18 205.50 Td (St. ) Tj ET Q q 0 0 0 rg BT 285.30 205.50 Td (John's ) Tj ET Q q 0 0 0 rg BT 310.18 205.50 Td (Places ) Tj ET Q q 0 0 0 rg BT 336.16 205.50 Td (by ) Tj ET Q q 0 0 0 rg BT 346.98 205.50 Td (51% ) Tj ET Q q 0 0 0 rg BT 365.16 205.50 Td (to ) Tj ET Q q 0 0 0 rg BT 374.25 205.50 Td (100%, ) Tj ET Q q 0 0 0 rg BT 398.93 205.50 Td (for ) Tj ET Q q 0 0 0 rg BT 410.62 205.50 Td (an ) Tj ET Q q 0 0 0 rg BT 421.87 205.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 457.82 205.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 498.08 205.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 507.18 205.50 Td ($73.4 ) Tj ET Q q 0 0 0 rg BT 529.26 205.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 551.34 205.50 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (which ) Tj ET Q q 0 0 0 rg BT 71.69 194.10 Td (was ) Tj ET Q q 0 0 0 rg BT 87.82 194.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 118.69 194.10 Td (by ) Tj ET Q q 0 0 0 rg BT 129.19 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.30 194.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 159.91 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.19 194.10 Td (through ) Tj ET Q q 0 0 0 rg BT 190.89 194.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.50 194.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 241.79 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.57 194.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 269.31 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.58 194.10 Td (assumption ) Tj ET Q q 0 0 0 rg BT 326.70 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.48 194.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 370.67 194.10 Td (financing. ) Tj ET Q q 0 0 0 rg BT 406.30 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.44 194.10 Td (The ) Tj ET Q q 0 0 0 rg BT 424.14 194.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 435.95 194.10 Td (John's ) Tj ET Q q 0 0 0 rg BT 460.51 194.10 Td (Places ) Tj ET Q q 0 0 0 rg BT 486.18 194.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 520.06 194.10 Td (three ) Tj ET Q q 0 0 0 rg BT 540.10 194.10 Td (well ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 182.70 Td (situated ) Tj ET Q q 0 0 0 rg BT 78.96 182.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 100.17 182.70 Td (A) Tj ET Q q 0 0 0 rg BT 104.94 182.70 Td ( ) Tj ET Q q 0 0 0 rg BT 107.11 182.70 Td (of) Tj ET Q q 0 0 0 rg BT 113.47 182.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 127.77 182.70 Td (towers ) Tj ET Q q 0 0 0 rg BT 152.88 182.70 Td (in ) Tj ET Q q 0 0 0 rg BT 161.11 182.70 Td (St. ) Tj ET Q q 0 0 0 rg BT 172.80 182.70 Td (John) Tj ET Q q 0 0 0 rg BT 191.29 182.70 Td (s, ) Tj ET Q q 0 0 0 rg BT 199.52 182.70 Td (Newfoundland. ) 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 ) 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 (summary ) Tj ET Q q 0 0 0 rg BT 146.06 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.72 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.72 742.10 Td (property ) Tj ET Q q 0 0 0 rg BT 198.47 742.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 230.08 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 262.13 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.53 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.52 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 303.13 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.30 742.10 Td (during ) Tj ET Q q 0 0 0 rg BT 329.12 742.10 Td (2016: ) 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 229 725.6 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 229 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 725.6 m 294 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 703.6 m 294 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 725.6 m 359 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294 703.6 m 359 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 725.6 m 424 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 359 703.6 m 424 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 725.6 m 489 725.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424 703.6 m 489 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 725.6 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 489 703.6 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 50 627.6 m 229 627.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 627.6 m 294 627.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294 627.6 m 359 627.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 359 627.6 m 424 627.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424 627.6 m 489 627.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489 627.6 m 554 627.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 575.6 m 229 575.6 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 229 562.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 575.6 m 294 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 562.6 m 294 562.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 294 575.6 m 359 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 562.6 m 359 562.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 359 575.6 m 424 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 562.6 m 424 562.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 424 575.6 m 489 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 562.6 m 489 562.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489 575.6 m 554 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 562.6 m 554 562.6 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 231.60 708.13 Td (Gateway Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.55 716.18 Td (St. John's ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.80 706.68 Td (Places) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.55 716.18 Td (St. John's ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.80 706.68 Td (Places) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 436.55 716.18 Td (365 Hargrave ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.50 706.68 Td (St.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 532.45 708.13 Td (T) Tj ET Q q 0 0 0 rg BT 536.64 708.13 Td (otal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 694.18 Td (REIT) Tj ET Q q 0 0 0 rg BT 71.84 694.18 Td (s interest) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 273.55 694.23 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 286.55 694.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.85 694.18 Td (19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 351.55 694.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 407.85 694.18 Td (51) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 416.55 694.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.55 694.18 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.55 694.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 681.18 Td (Number of properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.20 681.18 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 347.20 681.18 Td (3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.20 681.18 Td (3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.20 681.18 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 658.13 Td (Acquisition date) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 260.60 667.63 Td (June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 273.15 658.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 325.60 667.63 Td (June 15,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 338.15 658.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.70 667.63 Td (September 8,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 403.15 658.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.70 667.63 Td (September 8,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.15 658.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 644.18 Td (Purchase price) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.50 644.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 262.70 644.18 Td (57,525) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 296.50 644.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 327.70 644.18 Td (27,406) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 361.50 644.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.70 644.18 Td (73,437) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.50 644.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.70 644.18 Td (12,250) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 491.50 644.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 522.70 644.18 Td (170,618) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 631.18 Td (T) Tj ET Q q 0 0 0 rg BT 56.98 631.18 Td (ransaction costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 267.05 631.23 Td (1,618) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 338.55 631.18 Td (274) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 403.55 631.18 Td (588) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.85 631.18 Td (24) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.40 631.18 Td (2,504) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 618.18 Td (Investment properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 262.70 618.18 Td (59,143) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 327.70 618.18 Td (27,680) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.70 618.18 Td (74,025) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.70 618.18 Td (12,274) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 522.70 618.18 Td (173,122) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 605.18 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 605.18 Td (orking capital) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 264.45 605.18 Td (\(1,390) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 286.55 605.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 338.55 605.18 Td (126) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 403.55 605.18 Td (415) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.55 605.18 Td (154) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 535.30 605.18 Td (\(695) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 550.90 605.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 592.18 Td (Interest rate subsidy) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 267.05 592.23 Td (2,368) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 343.75 592.18 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 408.75 592.18 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 473.75 592.18 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.40 592.18 Td (2,368) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 579.18 Td (Debt, including mark-to-market adjustment) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 260.10 579.18 Td (\(26,020) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 286.55 579.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 325.10 579.18 Td (\(19,950) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 351.55 579.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.10 579.18 Td (\(53,550) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 416.55 579.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 473.75 579.18 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.45 579.18 Td (\(99,520) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 550.90 579.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 566.18 Td (T) Tj ET Q q 0 0 0 rg BT 56.40 566.18 Td (otal cash investment) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.50 566.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 262.70 566.18 Td (34,101) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 296.50 566.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.05 566.18 Td (7,856) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 361.50 566.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.70 566.18 Td (20,890) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.50 566.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.70 566.18 Td (12,428) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 491.50 566.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 527.05 566.18 Td (75,275) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 545.70 Td (Acquisition pipeline) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 528.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.20 528.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.81 528.30 Td ( ) Tj ET Q q 0 0 0 rg BT 85.09 528.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 117.24 528.30 Td (has ) Tj ET Q q 0 0 0 rg BT 132.07 528.30 Td (a ) Tj ET Q q 0 0 0 rg BT 138.68 528.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 175.61 528.30 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 204.74 528.30 Td (of ) Tj ET Q q 0 0 0 rg BT 213.51 528.30 Td (active ) Tj ET Q q 0 0 0 rg BT 236.14 528.30 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 283.03 528.30 Td (in ) Tj ET Q q 0 0 0 rg BT 291.37 528.30 Td (the ) Tj ET Q q 0 0 0 rg BT 304.48 528.30 Td (cities ) Tj ET Q q 0 0 0 rg BT 324.51 528.30 Td (in ) Tj ET Q q 0 0 0 rg BT 332.85 528.30 Td (which ) Tj ET Q q 0 0 0 rg BT 355.04 528.30 Td (we ) Tj ET Q q 0 0 0 rg BT 367.27 528.30 Td (operate. ) Tj ET Q q 0 0 0 rg BT 398.13 528.30 Td ( ) Tj ET Q q 0 0 0 rg BT 400.41 528.30 Td (W) Tj ET Q q 0 0 0 rg BT 407.63 528.30 Td (e ) Tj ET Q q 0 0 0 rg BT 414.24 528.30 Td (are ) Tj ET Q q 0 0 0 rg BT 427.77 528.30 Td (also ) Tj ET Q q 0 0 0 rg BT 444.34 528.30 Td (seeing ) Tj ET Q q 0 0 0 rg BT 469.57 528.30 Td (an ) Tj ET Q q 0 0 0 rg BT 480.52 528.30 Td (increasing ) Tj ET Q q 0 0 0 rg BT 518.30 528.30 Td (number ) Tj ET Q q 0 0 0 rg BT 546.99 528.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 516.90 Td (interesting ) Tj ET Q q 0 0 0 rg BT 87.61 516.90 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 134.39 516.90 Td (in ) Tj ET Q q 0 0 0 rg BT 142.62 516.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 168.17 516.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 198.04 516.90 Td (in ) Tj ET Q q 0 0 0 rg BT 206.27 516.90 Td (which ) Tj ET Q q 0 0 0 rg BT 228.35 516.90 Td (we ) Tj ET Q q 0 0 0 rg BT 240.48 516.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 272.52 516.90 Td (do ) Tj ET Q q 0 0 0 rg BT 283.35 516.90 Td (not ) Tj ET Q q 0 0 0 rg BT 296.35 516.90 Td (have ) Tj ET Q q 0 0 0 rg BT 315.41 516.90 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 355.69 516.90 Td (exposure. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 499.50 Td (In ) Tj ET Q q 0 0 0 rg BT 58.17 499.50 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 90.21 499.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 129.19 499.50 Td (properties, ) Tj ET Q q 0 0 0 rg BT 168.17 499.50 Td (we ) Tj ET Q q 0 0 0 rg BT 180.29 499.50 Td (have ) Tj ET Q q 0 0 0 rg BT 199.35 499.50 Td (a ) Tj ET Q q 0 0 0 rg BT 205.85 499.50 Td (bias ) Tj ET Q q 0 0 0 rg BT 222.31 499.50 Td (towards ) Tj ET Q q 0 0 0 rg BT 251.75 499.50 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 298.53 499.50 Td (with ) Tj ET Q q 0 0 0 rg BT 314.55 499.50 Td (the ) Tj ET Q q 0 0 0 rg BT 327.55 499.50 Td (following ) Tj ET Q q 0 0 0 rg BT 360.02 499.50 Td (two ) Tj ET Q q 0 0 0 rg BT 374.31 499.50 Td (characteristics: ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 482.10 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 67.50 482.10 Td (Meaningful ) Tj ET Q q 0 0 0 rg BT 107.74 482.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 138.88 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.50 482.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 192.50 482.10 Td (cost) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 206.79 482.10 Td (: ) Tj ET Q q 0 0 0 rg BT 211.08 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.79 482.10 Td (A) Tj ET Q q 0 0 0 rg BT 217.56 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.68 482.10 Td (property ) Tj ET Q q 0 0 0 rg BT 250.38 482.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 288.89 482.10 Td (well ) Tj ET Q q 0 0 0 rg BT 304.43 482.10 Td (below ) Tj ET Q q 0 0 0 rg BT 326.90 482.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 371.90 482.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 388.31 482.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 419.88 482.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 460.56 482.10 Td (for ) Tj ET Q q 0 0 0 rg BT 471.77 482.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 511.57 482.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.76 482.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 546.57 482.10 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 470.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 88.76 470.70 Td (repositioning, ) Tj ET Q q 0 0 0 rg BT 137.73 470.70 Td (with ) Tj ET Q q 0 0 0 rg BT 154.21 470.70 Td (favourable ) Tj ET Q q 0 0 0 rg BT 193.23 470.70 Td (economic ) Tj ET Q q 0 0 0 rg BT 229.20 470.70 Td (returns ) Tj ET Q q 0 0 0 rg BT 256.08 470.70 Td (to ) Tj ET Q q 0 0 0 rg BT 265.21 470.70 Td (the ) Tj ET Q q 0 0 0 rg BT 278.68 470.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 296.28 470.70 Td ( ) Tj ET Q q 0 0 0 rg BT 298.92 470.70 Td (in ) Tj ET Q q 0 0 0 rg BT 307.61 470.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 334.49 470.70 Td (of ) Tj ET Q q 0 0 0 rg BT 343.62 470.70 Td (new ) Tj ET Q q 0 0 0 rg BT 360.54 470.70 Td (build. ) Tj ET Q q 0 0 0 rg BT 381.80 470.70 Td (W) Tj ET Q q 0 0 0 rg BT 389.02 470.70 Td (e ) Tj ET Q q 0 0 0 rg BT 395.98 470.70 Td (also ) Tj ET Q q 0 0 0 rg BT 412.91 470.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 440.23 470.70 Td (that ) Tj ET Q q 0 0 0 rg BT 455.86 470.70 Td (price ) Tj ET Q q 0 0 0 rg BT 475.37 470.70 Td (per ) Tj ET Q q 0 0 0 rg BT 489.26 470.70 Td (square ) Tj ET Q q 0 0 0 rg BT 515.71 470.70 Td (foot, ) Tj ET Q q 0 0 0 rg BT 533.51 470.70 Td (if ) Tj ET Q q 0 0 0 rg BT 540.04 470.70 Td (at ) Tj ET Q q 0 0 0 rg BT 549.17 470.70 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 459.30 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 108.11 459.30 Td (discount ) Tj ET Q q 0 0 0 rg BT 139.63 459.30 Td (to ) Tj ET Q q 0 0 0 rg BT 148.63 459.30 Td (replacement ) Tj ET Q q 0 0 0 rg BT 194.01 459.30 Td (cost, ) Tj ET Q q 0 0 0 rg BT 212.97 459.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 244.91 459.30 Td (prudent ) Tj ET Q q 0 0 0 rg BT 273.84 459.30 Td (downside ) Tj ET Q q 0 0 0 rg BT 309.25 459.30 Td (protection ) Tj ET Q q 0 0 0 rg BT 345.97 459.30 Td (while ) Tj ET Q q 0 0 0 rg BT 366.22 459.30 Td (retaining ) Tj ET Q q 0 0 0 rg BT 398.60 459.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 435.75 459.30 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 476.80 459.30 Td (to ) Tj ET Q q 0 0 0 rg BT 485.80 459.30 Td (attract ) Tj ET Q q 0 0 0 rg BT 509.95 459.30 Td (tenants ) Tj ET Q q 0 0 0 rg BT 538.01 459.30 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 459.30 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 447.90 Td (competitive ) Tj ET Q q 0 0 0 rg BT 109.07 447.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 131.59 447.90 Td (especially ) Tj ET Q q 0 0 0 rg BT 167.97 447.90 Td (when ) Tj ET Q q 0 0 0 rg BT 188.76 447.90 Td (competing ) Tj ET Q q 0 0 0 rg BT 226.87 447.90 Td (against ) Tj ET Q q 0 0 0 rg BT 254.16 447.90 Td (new ) Tj ET Q q 0 0 0 rg BT 270.61 447.90 Td (build. ) Tj ET Q q 0 0 0 rg BT 291.41 447.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 430.50 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 67.50 430.50 Td (Opportunity ) Tj ET Q q 0 0 0 rg BT 109.19 430.50 Td (for ) Tj ET Q q 0 0 0 rg BT 119.70 430.50 Td (value ) Tj ET Q q 0 0 0 rg BT 139.74 430.50 Td (creation) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 167.46 430.50 Td (: ) Tj ET Q q 0 0 0 rg BT 171.04 430.50 Td (W) Tj ET Q q 0 0 0 rg BT 178.25 430.50 Td (e ) Tj ET Q q 0 0 0 rg BT 184.00 430.50 Td (are ) Tj ET Q q 0 0 0 rg BT 196.67 430.50 Td (focused ) Tj ET Q q 0 0 0 rg BT 225.38 430.50 Td (on ) Tj ET Q q 0 0 0 rg BT 235.46 430.50 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 281.48 430.50 Td (that ) Tj ET Q q 0 0 0 rg BT 295.90 430.50 Td (will ) Tj ET Q q 0 0 0 rg BT 308.13 430.50 Td (create ) Tj ET Q q 0 0 0 rg BT 331.19 430.50 Td (value ) Tj ET Q q 0 0 0 rg BT 351.23 430.50 Td (for ) Tj ET Q q 0 0 0 rg BT 361.74 430.50 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 403.43 430.50 Td ( ) Tj ET Q q 0 0 0 rg BT 404.85 430.50 Td (W) Tj ET Q q 0 0 0 rg BT 412.06 430.50 Td (e ) Tj ET Q q 0 0 0 rg BT 417.81 430.50 Td (are ) Tj ET Q q 0 0 0 rg BT 430.48 430.50 Td (less ) Tj ET Q q 0 0 0 rg BT 445.76 430.50 Td (focused ) Tj ET Q q 0 0 0 rg BT 474.46 430.50 Td (on ) Tj ET Q q 0 0 0 rg BT 484.54 430.50 Td (immediate ) Tj ET Q q 0 0 0 rg BT 521.89 430.50 Td (accretion ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 419.10 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 82.70 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.74 419.10 Td (next ) Tj ET Q q 0 0 0 rg BT 112.68 419.10 Td (quarter\) ) Tj ET Q q 0 0 0 rg BT 142.17 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.37 419.10 Td (more ) Tj ET Q q 0 0 0 rg BT 177.33 419.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 206.83 419.10 Td (on ) Tj ET Q q 0 0 0 rg BT 217.71 419.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 242.87 419.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 285.79 419.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.00 419.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 320.96 419.10 Td (for ) Tj ET Q q 0 0 0 rg BT 332.26 419.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 369.12 419.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 392.12 419.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 422.05 419.10 Td (over ) Tj ET Q q 0 0 0 rg BT 439.41 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.45 419.10 Td (medium ) Tj ET Q q 0 0 0 rg BT 482.37 419.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 502.33 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.54 419.10 Td (Properties ) Tj ET Q q 0 0 0 rg BT 542.25 419.10 Td (are ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 407.70 Td (attractive ) Tj ET Q q 0 0 0 rg BT 101.44 407.70 Td (to ) Tj ET Q q 0 0 0 rg BT 110.27 407.70 Td (us ) Tj ET Q q 0 0 0 rg BT 120.83 407.70 Td (if ) Tj ET Q q 0 0 0 rg BT 127.06 407.70 Td (they ) Tj ET Q q 0 0 0 rg BT 144.12 407.70 Td (located ) Tj ET Q q 0 0 0 rg BT 171.57 407.70 Td (in ) Tj ET Q q 0 0 0 rg BT 179.97 407.70 Td (a ) Tj ET Q q 0 0 0 rg BT 186.63 407.70 Td (stable ) Tj ET Q q 0 0 0 rg BT 209.75 407.70 Td (market, ) Tj ET Q q 0 0 0 rg BT 238.06 407.70 Td (in ) Tj ET Q q 0 0 0 rg BT 246.45 407.70 Td (good ) Tj ET Q q 0 0 0 rg BT 266.11 407.70 Td (physical ) Tj ET Q q 0 0 0 rg BT 296.59 407.70 Td (condition ) Tj ET Q q 0 0 0 rg BT 330.11 407.70 Td (and ) Tj ET Q q 0 0 0 rg BT 345.44 407.70 Td (have ) Tj ET Q q 0 0 0 rg BT 364.66 407.70 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 411.60 407.70 Td (to ) Tj ET Q q 0 0 0 rg BT 420.43 407.70 Td (drive ) Tj ET Q q 0 0 0 rg BT 439.65 407.70 Td (value ) Tj ET Q q 0 0 0 rg BT 460.60 407.70 Td (by ) Tj ET Q q 0 0 0 rg BT 471.16 407.70 Td (moving ) Tj ET Q q 0 0 0 rg BT 498.61 407.70 Td (existing ) Tj ET Q q 0 0 0 rg BT 527.36 407.70 Td (rents ) Tj ET Q q 0 0 0 rg BT 547.01 407.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.50 396.30 Td (market ) Tj ET Q q 0 0 0 rg BT 93.48 396.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 112.97 396.30 Td (and/or ) Tj ET Q q 0 0 0 rg BT 137.22 396.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 168.83 396.30 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 208.25 396.30 Td (through ) Tj ET Q q 0 0 0 rg BT 236.84 396.30 Td (focused ) Tj ET Q q 0 0 0 rg BT 266.29 396.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 293.15 396.30 Td (or ) Tj ET Q q 0 0 0 rg BT 302.24 396.30 Td (repositioning.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 378.90 Td ('Non-trophy' ) Tj ET Q q 0 0 0 rg BT 93.78 378.90 Td (of) Tj ET Q q 0 0 0 rg BT 100.15 378.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 115.04 378.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 152.44 378.90 Td (in ) Tj ET Q q 0 0 0 rg BT 161.27 378.90 Td (Canada ) Tj ET Q q 0 0 0 rg BT 191.31 378.90 Td (will ) Tj ET Q q 0 0 0 rg BT 204.89 378.90 Td (often ) Tj ET Q q 0 0 0 rg BT 224.98 378.90 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 249.83 378.90 Td (these ) Tj ET Q q 0 0 0 rg BT 271.65 378.90 Td (two ) Tj ET Q q 0 0 0 rg BT 286.54 378.90 Td (characteristics. ) Tj ET Q q 0 0 0 rg BT 341.26 378.90 Td ( ) Tj ET Q q 0 0 0 rg BT 344.02 378.90 Td (In ) Tj ET Q q 0 0 0 rg BT 353.28 378.90 Td (contrast ) Tj ET Q q 0 0 0 rg BT 383.76 378.90 Td (to ) Tj ET Q q 0 0 0 rg BT 393.02 378.90 Td ('trophy' ) Tj ET Q q 0 0 0 rg BT 420.42 378.90 Td (assets, ) Tj ET Q q 0 0 0 rg BT 447.87 378.90 Td (which ) Tj ET Q q 0 0 0 rg BT 470.55 378.90 Td (often ) Tj ET Q q 0 0 0 rg BT 490.64 378.90 Td (trade ) Tj ET Q q 0 0 0 rg BT 511.16 378.90 Td (in ) Tj ET Q q 0 0 0 rg BT 519.99 378.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 547.00 378.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 367.50 Td (replacement ) Tj ET Q q 0 0 0 rg BT 94.88 367.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 111.68 367.50 Td (with ) Tj ET Q q 0 0 0 rg BT 128.05 367.50 Td (optimized ) Tj ET Q q 0 0 0 rg BT 163.90 367.50 Td (tenanting, ) Tj ET Q q 0 0 0 rg BT 200.64 367.50 Td (we ) Tj ET Q q 0 0 0 rg BT 213.10 367.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 240.30 367.50 Td (that ) Tj ET Q q 0 0 0 rg BT 255.81 367.50 Td (the ) Tj ET Q q 0 0 0 rg BT 269.15 367.50 Td (risk-return ) Tj ET Q q 0 0 0 rg BT 306.72 367.50 Td (profile ) Tj ET Q q 0 0 0 rg BT 330.45 367.50 Td (of ) Tj ET Q q 0 0 0 rg BT 339.46 367.50 Td ('non-trophy' ) Tj ET Q q 0 0 0 rg BT 382.20 367.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 407.23 367.50 Td (remains ) Tj ET Q q 0 0 0 rg BT 437.45 367.50 Td (attractive, ) Tj ET Q q 0 0 0 rg BT 473.74 367.50 Td (and ) Tj ET Q q 0 0 0 rg BT 489.25 367.50 Td (we ) Tj ET Q q 0 0 0 rg BT 501.71 367.50 Td (will ) Tj ET Q q 0 0 0 rg BT 515.03 367.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 547.00 367.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 68.12 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.12 356.10 Td (best ) Tj ET Q q 0 0 0 rg BT 98.02 356.10 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 146.96 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 149.13 356.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 338.70 Td (Currently) Tj ET Q q 0 0 0 rg BT 80.53 338.70 Td (, ) Tj ET Q q 0 0 0 rg BT 84.45 338.70 Td (we ) Tj ET Q q 0 0 0 rg BT 96.16 338.70 Td (are ) Tj ET Q q 0 0 0 rg BT 109.17 338.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 140.36 338.70 Td (focused ) Tj ET Q q 0 0 0 rg BT 169.40 338.70 Td (on ) Tj ET Q q 0 0 0 rg BT 179.82 338.70 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 226.19 338.70 Td (in ) Tj ET Q q 0 0 0 rg BT 234.01 338.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 263.47 338.70 Td (where ) Tj ET Q q 0 0 0 rg BT 286.44 338.70 Td (we ) Tj ET Q q 0 0 0 rg BT 298.15 338.70 Td (have ) Tj ET Q q 0 0 0 rg BT 316.79 338.70 Td (a ) Tj ET Q q 0 0 0 rg BT 322.88 338.70 Td (presence ) Tj ET Q q 0 0 0 rg BT 356.69 338.70 Td (and ) Tj ET Q q 0 0 0 rg BT 371.44 338.70 Td (that ) Tj ET Q q 0 0 0 rg BT 386.19 338.70 Td (reinforce ) Tj ET Q q 0 0 0 rg BT 418.26 338.70 Td (our ) Tj ET Q q 0 0 0 rg BT 431.27 338.70 Td (focus ) Tj ET Q q 0 0 0 rg BT 451.65 338.70 Td (on ) Tj ET Q q 0 0 0 rg BT 462.07 338.70 Td (suburban ) Tj ET Q q 0 0 0 rg BT 496.31 338.70 Td (nodes ) Tj ET Q q 0 0 0 rg BT 519.29 338.70 Td (of ) Tj ET Q q 0 0 0 rg BT 527.54 338.70 Td (primary ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 327.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 79.23 327.30 Td (and ) Tj ET Q q 0 0 0 rg BT 94.25 327.30 Td (core ) Tj ET Q q 0 0 0 rg BT 111.43 327.30 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 158.07 327.30 Td (in ) Tj ET Q q 0 0 0 rg BT 166.16 327.30 Td (secondary ) Tj ET Q q 0 0 0 rg BT 204.13 327.30 Td (or ) Tj ET Q q 0 0 0 rg BT 213.08 327.30 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 238.92 327.30 Td (cities. ) Tj ET Q q 0 0 0 rg BT 260.86 327.30 Td ( ) Tj ET Q q 0 0 0 rg BT 262.89 327.30 Td (W) Tj ET Q q 0 0 0 rg BT 270.10 327.30 Td (e ) Tj ET Q q 0 0 0 rg BT 276.46 327.30 Td (would ) Tj ET Q q 0 0 0 rg BT 298.84 327.30 Td (be ) Tj ET Q q 0 0 0 rg BT 309.53 327.30 Td (interested ) Tj ET Q q 0 0 0 rg BT 345.77 327.30 Td (in ) Tj ET Q q 0 0 0 rg BT 353.85 327.30 Td (expanding ) Tj ET Q q 0 0 0 rg BT 391.83 327.30 Td (to ) Tj ET Q q 0 0 0 rg BT 400.36 327.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 430.09 327.30 Td (we ) Tj ET Q q 0 0 0 rg BT 442.07 327.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 473.97 327.30 Td (are ) Tj ET Q q 0 0 0 rg BT 487.25 327.30 Td (not ) Tj ET Q q 0 0 0 rg BT 500.11 327.30 Td (in, ) Tj ET Q q 0 0 0 rg BT 510.36 327.30 Td (however) Tj ET Q q 0 0 0 rg BT 539.38 327.30 Td (, ) Tj ET Q q 0 0 0 rg BT 543.57 327.30 Td (we ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 315.90 Td (would ) Tj ET Q q 0 0 0 rg BT 72.02 315.90 Td (either ) Tj ET Q q 0 0 0 rg BT 93.67 315.90 Td (need ) Tj ET Q q 0 0 0 rg BT 113.17 315.90 Td (to ) Tj ET Q q 0 0 0 rg BT 121.83 315.90 Td (be ) Tj ET Q q 0 0 0 rg BT 132.66 315.90 Td (able ) Tj ET Q q 0 0 0 rg BT 149.56 315.90 Td (to ) Tj ET Q q 0 0 0 rg BT 158.22 315.90 Td (do ) Tj ET Q q 0 0 0 rg BT 169.06 315.90 Td (so ) Tj ET Q q 0 0 0 rg BT 179.45 315.90 Td (with ) Tj ET Q q 0 0 0 rg BT 195.47 315.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 237.05 315.90 Td (scale ) Tj ET Q q 0 0 0 rg BT 257.40 315.90 Td (or ) Tj ET Q q 0 0 0 rg BT 266.49 315.90 Td (where ) Tj ET Q q 0 0 0 rg BT 289.87 315.90 Td (Slate ) Tj ET Q q 0 0 0 rg BT 309.80 315.90 Td (has ) Tj ET Q q 0 0 0 rg BT 324.53 315.90 Td (a ) Tj ET Q q 0 0 0 rg BT 331.02 315.90 Td (historical ) Tj ET Q q 0 0 0 rg BT 363.93 315.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 398.58 315.90 Td (expertise. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 298.50 Td (Dispositions) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (During the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 87.61 281.10 Td (nine months ended September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 226.65 281.10 Td (, the REIT) Tj ET Q q 0 0 0 rg BT 261.59 281.10 Td ( made the following property disposition: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 270.6 m 474 270.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 246.60000000000002 m 474 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 270.6 m 554 270.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 246.60000000000002 m 554 246.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 246.60000000000002 m 554 246.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 155.60000000000002 m 474 155.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 142.60000000000002 m 474 142.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 155.60000000000002 m 554 155.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 142.60000000000002 m 554 142.60000000000002 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 521.90 260.63 Td (125-185 ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 490.75 251.13 Td (First Street East) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 237.18 Td (Disposition date) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 501.10 237.18 Td (June 15, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 224.18 Td (Number of properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 224.18 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 211.18 Td (Location) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 502.40 211.18 Td (Cochrane, ) Tj ET Q q 0 0 0 rg BT 540.08 211.18 Td (AB) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 198.18 Td (Sale price) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.50 198.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 198.18 Td (4,275) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 185.18 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 185.18 Td (orking capital) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 185.18 Td (\(223) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 185.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 172.18 Td (Discharge of mortgage) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 172.18 Td (\(1,532) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 172.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 159.18 Td (Disposition costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 159.18 Td (\(221) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 159.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 146.18 Td (Net proceeds) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.50 146.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.40 146.18 Td (2,299) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 128.70 Td (Included ) Tj ET Q q 0 0 0 rg BT 81.12 128.70 Td (in ) Tj ET Q q 0 0 0 rg BT 89.35 128.70 Td (disposition ) Tj ET Q q 0 0 0 rg BT 128.33 128.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 148.69 128.70 Td (are ) Tj ET Q q 0 0 0 rg BT 162.11 128.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 202.39 128.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 222.75 128.70 Td (directly ) Tj ET Q q 0 0 0 rg BT 249.59 128.70 Td (attributable ) Tj ET Q q 0 0 0 rg BT 290.31 128.70 Td (to ) Tj ET Q q 0 0 0 rg BT 298.97 128.70 Td (property ) Tj ET Q q 0 0 0 rg BT 329.72 128.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 350.07 128.70 Td (and ) Tj ET Q q 0 0 0 rg BT 365.24 128.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 385.59 128.70 Td (of ) Tj ET Q q 0 0 0 rg BT 394.26 128.70 Td (related ) Tj ET Q q 0 0 0 rg BT 420.24 128.70 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 459.22 128.70 Td (that ) Tj ET Q q 0 0 0 rg BT 474.38 128.70 Td (were ) Tj ET Q q 0 0 0 rg BT 493.43 128.70 Td (extinguished.) 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 /F2 9.50 Tf ET q 0 0 0 rg BT 54.00 742.10 Td (Redevelopment Properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 724.70 Td (The REIT) Tj ET Q q 0 0 0 rg BT 87.20 724.70 Td ( has classified the following properties as redevelopment during the quarter ending ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.92 724.70 Td (September30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.52 724.70 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 708.2 m 166.5 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 708.2 m 257.5 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 708.2 m 331.5 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 708.2 m 401.5 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 708.2 m 445.5 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 708.2 m 502.5 708.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 708.2 m 559.5 708.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 55.5 673.2 m 166.5 673.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 166.5 673.2 m 257.5 673.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 257.5 673.2 m 331.5 673.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331.5 673.2 m 401.5 673.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 401.5 673.2 m 445.5 673.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 445.5 673.2 m 502.5 673.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 502.5 673.2 m 559.5 673.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 637.2 m 166.5 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 637.2 m 257.5 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 637.2 m 331.5 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 637.2 m 401.5 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 637.2 m 445.5 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 637.2 m 502.5 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 637.2 m 559.5 637.2 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 58.00 677.73 Td (Property Address) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 169.00 677.73 Td (Property Name) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 260.00 677.73 Td (City, Province) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 345.85 696.73 Td (Year Built /) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 343.90 687.23 Td (Renovated /) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 347.35 677.73 Td (Expanded) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 413.85 677.73 Td (Interest) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.80 677.73 Td (Sq ft.of GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.95 677.73 Td (Occupancy) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.00 663.78 Td (2285 Speakman Drive) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 260.00 663.78 Td (Mississauga, ON) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 356.25 663.78 Td (1,981) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.05 663.78 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.05 663.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.20 663.78 Td (126,270) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 544.25 663.78 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 552.05 663.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.00 651.78 Td (V) Tj ET Q q 0 0 0 rg BT 62.63 651.78 Td (arious) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 169.00 651.78 Td (W) Tj ET Q q 0 0 0 rg BT 176.07 651.78 Td (ater Street Properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 260.00 651.78 Td (St. John's, NL) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 353.05 651.78 Td (V) Tj ET Q q 0 0 0 rg BT 357.68 651.78 Td (arious) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.05 651.78 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.05 651.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.55 651.78 Td (71,541) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.85 651.78 Td (45.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 552.05 651.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.00 639.78 Td (139 W) Tj ET Q q 0 0 0 rg BT 80.23 639.78 Td (ater Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 169.00 639.78 Td (Fortis Building) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 260.00 639.78 Td (St. John's, NL) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.40 639.78 Td (1968 / 1994) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.05 639.78 Td (100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.05 639.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.55 639.78 Td (82,648) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.85 639.78 Td (29.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 552.05 639.78 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 620.30 Td (In ) Tj ET Q q 0 0 0 rg BT 62.77 620.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 74.56 620.30 Td (John's, ) Tj ET Q q 0 0 0 rg BT 101.28 620.30 Td (Newfoundland, ) Tj ET Q q 0 0 0 rg BT 155.52 620.30 Td (the ) Tj ET Q q 0 0 0 rg BT 168.62 620.30 Td (W) Tj ET Q q 0 0 0 rg BT 175.69 620.30 Td (ater ) Tj ET Q q 0 0 0 rg BT 191.38 620.30 Td (Street ) Tj ET Q q 0 0 0 rg BT 214.43 620.30 Td (Properties ) Tj ET Q q 0 0 0 rg BT 252.21 620.30 Td (and ) Tj ET Q q 0 0 0 rg BT 267.47 620.30 Td (the ) Tj ET Q q 0 0 0 rg BT 280.57 620.30 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 302.32 620.30 Td (Building ) Tj ET Q q 0 0 0 rg BT 332.30 620.30 Td (form ) Tj ET Q q 0 0 0 rg BT 350.15 620.30 Td (a ) Tj ET Q q 0 0 0 rg BT 356.76 620.30 Td (contiguous ) Tj ET Q q 0 0 0 rg BT 396.71 620.30 Td (group ) Tj ET Q q 0 0 0 rg BT 418.90 620.30 Td (of ) Tj ET Q q 0 0 0 rg BT 427.67 620.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 464.58 620.30 Td (well ) Tj ET Q q 0 0 0 rg BT 480.26 620.30 Td (located ) Tj ET Q q 0 0 0 rg BT 507.65 620.30 Td (at ) Tj ET Q q 0 0 0 rg BT 516.42 620.30 Td (the ) Tj ET Q q 0 0 0 rg BT 529.52 620.30 Td (northeast ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 608.90 Td (end ) Tj ET Q q 0 0 0 rg BT 69.05 608.90 Td (of ) Tj ET Q q 0 0 0 rg BT 77.59 608.90 Td (downtown ) Tj ET Q q 0 0 0 rg BT 114.71 608.90 Td (with ) Tj ET Q q 0 0 0 rg BT 130.61 608.90 Td (prime ) Tj ET Q q 0 0 0 rg BT 152.14 608.90 Td (views ) Tj ET Q q 0 0 0 rg BT 173.67 608.90 Td (of ) Tj ET Q q 0 0 0 rg BT 182.21 608.90 Td (the ) Tj ET Q q 0 0 0 rg BT 195.09 608.90 Td (St. ) Tj ET Q q 0 0 0 rg BT 206.67 608.90 Td (John's ) Tj ET Q q 0 0 0 rg BT 231.00 608.90 Td (Harbour ) Tj ET Q q 0 0 0 rg BT 261.19 608.90 Td (and ) Tj ET Q q 0 0 0 rg BT 276.23 608.90 Td (the ) Tj ET Q q 0 0 0 rg BT 289.11 608.90 Td (Narrows. ) Tj ET Q q 0 0 0 rg BT 322.32 608.90 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 343.84 608.90 Td (Building ) Tj ET Q q 0 0 0 rg BT 373.61 608.90 Td (was ) Tj ET Q q 0 0 0 rg BT 389.51 608.90 Td (formerly ) Tj ET Q q 0 0 0 rg BT 419.69 608.90 Td (occupied ) Tj ET Q q 0 0 0 rg BT 452.92 608.90 Td (by ) Tj ET Q q 0 0 0 rg BT 463.20 608.90 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 484.73 608.90 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 527.48 608.90 Td (which ) Tj ET Q q 0 0 0 rg BT 549.44 608.90 Td (has ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 597.50 Td (moved ) Tj ET Q q 0 0 0 rg BT 79.75 597.50 Td (its ) Tj ET Q q 0 0 0 rg BT 89.91 597.50 Td (head-of) Tj ET Q q 0 0 0 rg BT 116.20 597.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 130.69 597.50 Td (to ) Tj ET Q q 0 0 0 rg BT 139.55 597.50 Td (the ) Tj ET Q q 0 0 0 rg BT 152.75 597.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 178.25 597.50 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 200.10 597.50 Td (Place ) Tj ET Q q 0 0 0 rg BT 221.95 597.50 Td (property) Tj ET Q q 0 0 0 rg BT 249.96 597.50 Td (. ) Tj ET Q q 0 0 0 rg BT 254.35 597.50 Td (The ) Tj ET Q q 0 0 0 rg BT 270.14 597.50 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 291.98 597.50 Td (Building ) Tj ET Q q 0 0 0 rg BT 322.06 597.50 Td (and ) Tj ET Q q 0 0 0 rg BT 337.43 597.50 Td (W) Tj ET Q q 0 0 0 rg BT 344.50 597.50 Td (ater ) Tj ET Q q 0 0 0 rg BT 360.29 597.50 Td (Street ) Tj ET Q q 0 0 0 rg BT 383.44 597.50 Td (Properties ) Tj ET Q q 0 0 0 rg BT 421.31 597.50 Td (are ) Tj ET Q q 0 0 0 rg BT 434.94 597.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 460.25 597.50 Td (by ) Tj ET Q q 0 0 0 rg BT 470.85 597.50 Td (the ) Tj ET Q q 0 0 0 rg BT 484.05 597.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 501.66 597.50 Td ( ) Tj ET Q q 0 0 0 rg BT 504.02 597.50 Td (at ) Tj ET Q q 0 0 0 rg BT 512.89 597.50 Td (a ) Tj ET Q q 0 0 0 rg BT 519.59 597.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 536.25 597.50 Td (base ) Tj ET Q q 0 0 0 rg BT 555.51 597.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 586.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 104.61 586.10 Td ($122.00 ) Tj ET Q q 0 0 0 rg BT 134.89 586.10 Td (per ) Tj ET Q q 0 0 0 rg BT 148.26 586.10 Td (square ) Tj ET Q q 0 0 0 rg BT 174.20 586.10 Td (foot ) Tj ET Q q 0 0 0 rg BT 189.31 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.42 586.10 Td (have ) Tj ET Q q 0 0 0 rg BT 223.43 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.38 586.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 267.95 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 279.16 586.10 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 332.81 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 343.15 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.60 586.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 379.43 586.10 Td (head-of) Tj ET Q q 0 0 0 rg BT 405.72 586.10 Td (fice, ) Tj ET Q q 0 0 0 rg BT 422.12 586.10 Td (possibly ) Tj ET Q q 0 0 0 rg BT 452.39 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 463.59 586.10 Td (an ) Tj ET Q q 0 0 0 rg BT 474.37 586.10 Td (energy ) Tj ET Q q 0 0 0 rg BT 500.31 586.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 529.71 586.10 Td (user) Tj ET Q q 0 0 0 rg BT 544.44 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 548.59 586.10 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 574.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 80.03 574.70 Td (low ) Tj ET Q q 0 0 0 rg BT 94.60 574.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 111.79 574.70 Td (base ) Tj ET Q q 0 0 0 rg BT 131.58 574.70 Td (would ) Tj ET Q q 0 0 0 rg BT 154.82 574.70 Td (allow ) Tj ET Q q 0 0 0 rg BT 175.46 574.70 Td (for ) Tj ET Q q 0 0 0 rg BT 187.45 574.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 224.99 574.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 250.40 574.70 Td (to ) Tj ET Q q 0 0 0 rg BT 259.79 574.70 Td (be ) Tj ET Q q 0 0 0 rg BT 271.35 574.70 Td (allocated ) Tj ET Q q 0 0 0 rg BT 305.43 574.70 Td (towards ) Tj ET Q q 0 0 0 rg BT 335.60 574.70 Td (a ) Tj ET Q q 0 0 0 rg BT 342.83 574.70 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 397.26 574.70 Td (of ) Tj ET Q q 0 0 0 rg BT 406.65 574.70 Td (the ) Tj ET Q q 0 0 0 rg BT 420.37 574.70 Td (W) Tj ET Q q 0 0 0 rg BT 427.44 574.70 Td (ater ) Tj ET Q q 0 0 0 rg BT 443.76 574.70 Td (Street ) Tj ET Q q 0 0 0 rg BT 467.44 574.70 Td (Properties ) Tj ET Q q 0 0 0 rg BT 505.84 574.70 Td (with ) Tj ET Q q 0 0 0 rg BT 522.58 574.70 Td (competitive ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 563.30 Td (economics ) Tj ET Q q 0 0 0 rg BT 93.37 563.30 Td (against ) Tj ET Q q 0 0 0 rg BT 120.61 563.30 Td (other ) Tj ET Q q 0 0 0 rg BT 140.50 563.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 177.27 563.30 Td (and ) Tj ET Q q 0 0 0 rg BT 192.39 563.30 Td (new ) Tj ET Q q 0 0 0 rg BT 208.80 563.30 Td (construction, ) Tj ET Q q 0 0 0 rg BT 255.10 563.30 Td (which ) Tj ET Q q 0 0 0 rg BT 277.14 563.30 Td (we ) Tj ET Q q 0 0 0 rg BT 289.22 563.30 Td (estimate ) Tj ET Q q 0 0 0 rg BT 320.79 563.30 Td (to ) Tj ET Q q 0 0 0 rg BT 329.42 563.30 Td (be ) Tj ET Q q 0 0 0 rg BT 340.21 563.30 Td (between ) Tj ET Q q 0 0 0 rg BT 371.79 563.30 Td ($450 ) Tj ET Q q 0 0 0 rg BT 391.24 563.30 Td (and ) Tj ET Q q 0 0 0 rg BT 406.36 563.30 Td ($550 ) Tj ET Q q 0 0 0 rg BT 425.82 563.30 Td (per ) Tj ET Q q 0 0 0 rg BT 439.20 563.30 Td (square ) Tj ET Q q 0 0 0 rg BT 465.15 563.30 Td (foot ) Tj ET Q q 0 0 0 rg BT 480.27 563.30 Td (in ) Tj ET Q q 0 0 0 rg BT 488.46 563.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 500.11 563.30 Td (John's. ) Tj ET Q q 0 0 0 rg BT 526.56 563.30 Td (The ) Tj ET Q q 0 0 0 rg BT 542.11 563.30 Td (short-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 551.90 Td (term ) Tj ET Q q 0 0 0 rg BT 71.75 551.90 Td (strategy ) Tj ET Q q 0 0 0 rg BT 101.63 551.90 Td (for ) Tj ET Q q 0 0 0 rg BT 112.89 551.90 Td (these ) Tj ET Q q 0 0 0 rg BT 134.12 551.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 158.81 551.90 Td (is ) Tj ET Q q 0 0 0 rg BT 166.60 551.90 Td (to ) Tj ET Q q 0 0 0 rg BT 175.26 551.90 Td (drive ) Tj ET Q q 0 0 0 rg BT 194.32 551.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 212.94 551.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 228.96 551.90 Td (through ) Tj ET Q q 0 0 0 rg BT 257.55 551.90 Td (short-term ) Tj ET Q q 0 0 0 rg BT 295.21 551.90 Td (leases ) Tj ET Q q 0 0 0 rg BT 319.90 551.90 Td (that ) Tj ET Q q 0 0 0 rg BT 335.06 551.90 Td (allow ) Tj ET Q q 0 0 0 rg BT 354.98 551.90 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 386.59 551.90 Td (for ) Tj ET Q q 0 0 0 rg BT 397.85 551.90 Td (building ) Tj ET Q q 0 0 0 rg BT 426.87 551.90 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 480.57 551.90 Td (or ) Tj ET Q q 0 0 0 rg BT 489.66 551.90 Td (tenant ) Tj ET Q q 0 0 0 rg BT 513.49 551.90 Td (relocation.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 534.50 Td (2285 ) Tj ET Q q 0 0 0 rg BT 73.89 534.50 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 113.69 534.50 Td (Drive ) Tj ET Q q 0 0 0 rg BT 134.42 534.50 Td (is ) Tj ET Q q 0 0 0 rg BT 142.60 534.50 Td (one ) Tj ET Q q 0 0 0 rg BT 158.15 534.50 Td (of ) Tj ET Q q 0 0 0 rg BT 167.21 534.50 Td (three ) Tj ET Q q 0 0 0 rg BT 187.52 534.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 224.72 534.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 250.23 534.50 Td (by ) Tj ET Q q 0 0 0 rg BT 261.01 534.50 Td (the ) Tj ET Q q 0 0 0 rg BT 274.40 534.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 292.01 534.50 Td ( ) Tj ET Q q 0 0 0 rg BT 294.56 534.50 Td (in ) Tj ET Q q 0 0 0 rg BT 303.18 534.50 Td (Mississauga's ) Tj ET Q q 0 0 0 rg BT 353.99 534.50 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 387.73 534.50 Td (Park. ) Tj ET Q q 0 0 0 rg BT 408.47 534.50 Td ( ) Tj ET Q q 0 0 0 rg BT 410.87 534.50 Td (The ) Tj ET Q q 0 0 0 rg BT 426.85 534.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 444.46 534.50 Td ( ) Tj ET Q q 0 0 0 rg BT 447.01 534.50 Td (entered ) Tj ET Q q 0 0 0 rg BT 475.99 534.50 Td (into ) Tj ET Q q 0 0 0 rg BT 491.11 534.50 Td (a ) Tj ET Q q 0 0 0 rg BT 498.00 534.50 Td (10-year ) Tj ET Q q 0 0 0 rg BT 526.96 534.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 548.14 534.50 Td (with ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 523.10 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 100.57 523.10 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 130.27 523.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 162.56 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.25 523.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 193.86 523.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.71 523.10 Td (will ) Tj ET Q q 0 0 0 rg BT 210.38 523.10 Td (construct ) Tj ET Q q 0 0 0 rg BT 244.85 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 252.03 523.10 Td (campus ) Tj ET Q q 0 0 0 rg BT 282.17 523.10 Td (style ) Tj ET Q q 0 0 0 rg BT 301.04 523.10 Td (of) Tj ET Q q 0 0 0 rg BT 307.41 523.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 322.39 523.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 354.25 523.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 393.04 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.40 523.10 Td (2285 ) Tj ET Q q 0 0 0 rg BT 422.58 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.43 523.10 Td (2251 ) Tj ET Q q 0 0 0 rg BT 458.62 523.10 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 498.71 523.10 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 521.91 523.10 Td (which ) Tj ET Q q 0 0 0 rg BT 544.68 523.10 Td (upon ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 511.70 Td (completion ) Tj ET Q q 0 0 0 rg BT 93.98 511.70 Td (will ) Tj ET Q q 0 0 0 rg BT 107.10 511.70 Td (include ) Tj ET Q q 0 0 0 rg BT 134.09 511.70 Td (highly ) Tj ET Q q 0 0 0 rg BT 156.75 511.70 Td (functional, ) Tj ET Q q 0 0 0 rg BT 194.57 511.70 Td (contemporary ) Tj ET Q q 0 0 0 rg BT 244.51 511.70 Td (facilities ) Tj ET Q q 0 0 0 rg BT 274.52 511.70 Td (with ) Tj ET Q q 0 0 0 rg BT 290.68 511.70 Td (modern ) Tj ET Q q 0 0 0 rg BT 319.40 511.70 Td (amenities. ) Tj ET Q q 0 0 0 rg BT 357.21 511.70 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 390.70 511.70 Td (Park ) Tj ET Q q 0 0 0 rg BT 409.02 511.70 Td (of) Tj ET Q q 0 0 0 rg BT 415.38 511.70 Td (fers ) Tj ET Q q 0 0 0 rg BT 430.68 511.70 Td (excellent ) Tj ET Q q 0 0 0 rg BT 463.73 511.70 Td (accessibility ) Tj ET Q q 0 0 0 rg BT 507.60 511.70 Td (to ) Tj ET Q q 0 0 0 rg BT 516.41 511.70 Td (major ) Tj ET Q q 0 0 0 rg BT 538.19 511.70 Td (arterial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 500.30 Td (roadways ) Tj ET Q q 0 0 0 rg BT 89.95 500.30 Td (including ) Tj ET Q q 0 0 0 rg BT 123.32 500.30 Td (Erin ) Tj ET Q q 0 0 0 rg BT 139.79 500.30 Td (Mills ) Tj ET Q q 0 0 0 rg BT 157.98 500.30 Td (Parkway) Tj ET Q q 0 0 0 rg BT 187.28 500.30 Td (, ) Tj ET Q q 0 0 0 rg BT 192.06 500.30 Td (Winston ) Tj ET Q q 0 0 0 rg BT 222.82 500.30 Td (Churchill ) Tj ET Q q 0 0 0 rg BT 255.74 500.30 Td (Boulevard, ) Tj ET Q q 0 0 0 rg BT 295.60 500.30 Td (and ) Tj ET Q q 0 0 0 rg BT 311.22 500.30 Td (highways ) Tj ET Q q 0 0 0 rg BT 346.31 500.30 Td (including ) Tj ET Q q 0 0 0 rg BT 379.67 500.30 Td (the ) Tj ET Q q 0 0 0 rg BT 393.12 500.30 Td (Queen ) Tj ET Q q 0 0 0 rg BT 419.13 500.30 Td (Elizabeth ) Tj ET Q q 0 0 0 rg BT 453.80 500.30 Td (Expressway) Tj ET Q q 0 0 0 rg BT 495.22 500.30 Td (, ) Tj ET Q q 0 0 0 rg BT 500.00 500.30 Td (401, ) Tj ET Q q 0 0 0 rg BT 517.78 500.30 Td (403 ) Tj ET Q q 0 0 0 rg BT 533.40 500.30 Td (and ) Tj ET Q q 0 0 0 rg BT 549.01 500.30 Td (407 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 488.90 Td (ETR. ) Tj ET Q q 0 0 0 rg BT 72.97 488.90 Td (In ) Tj ET Q q 0 0 0 rg BT 80.69 488.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 111.37 488.90 Td (being ) Tj ET Q q 0 0 0 rg BT 131.65 488.90 Td (on ) Tj ET Q q 0 0 0 rg BT 141.54 488.90 Td (the ) Tj ET Q q 0 0 0 rg BT 153.59 488.90 Td (Mississauga-Oakville ) Tj ET Q q 0 0 0 rg BT 227.99 488.90 Td (border ) Tj ET Q q 0 0 0 rg BT 251.73 488.90 Td (means ) Tj ET Q q 0 0 0 rg BT 276.33 488.90 Td (Sheridan ) Tj ET Q q 0 0 0 rg BT 308.74 488.90 Td (Park ) Tj ET Q q 0 0 0 rg BT 325.98 488.90 Td (is ) Tj ET Q q 0 0 0 rg BT 332.83 488.90 Td (serviced ) Tj ET Q q 0 0 0 rg BT 363.06 488.90 Td (at ) Tj ET Q q 0 0 0 rg BT 370.78 488.90 Td (various ) Tj ET Q q 0 0 0 rg BT 397.12 488.90 Td (locations ) Tj ET Q q 0 0 0 rg BT 429.09 488.90 Td (by ) Tj ET Q q 0 0 0 rg BT 438.54 488.90 Td (the ) Tj ET Q q 0 0 0 rg BT 450.60 488.90 Td (routes ) Tj ET Q q 0 0 0 rg BT 473.47 488.90 Td (of ) Tj ET Q q 0 0 0 rg BT 481.20 488.90 Td (two ) Tj ET Q q 0 0 0 rg BT 494.54 488.90 Td (transit ) Tj ET Q q 0 0 0 rg BT 516.98 488.90 Td (commissions ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 477.50 Td (with ) Tj ET Q q 0 0 0 rg BT 70.02 477.50 Td (connections ) Tj ET Q q 0 0 0 rg BT 113.77 477.50 Td (to ) Tj ET Q q 0 0 0 rg BT 122.43 477.50 Td (GO ) Tj ET Q q 0 0 0 rg BT 136.59 477.50 Td (T) Tj ET Q q 0 0 0 rg BT 141.07 477.50 Td (ransit ) Tj ET Q q 0 0 0 rg BT 162.28 477.50 Td (and ) Tj ET Q q 0 0 0 rg BT 177.45 477.50 Td (the ) Tj ET Q q 0 0 0 rg BT 190.31 477.50 Td (TTC ) Tj ET Q q 0 0 0 rg BT 207.62 477.50 Td (subway) Tj ET Q q 0 0 0 rg BT 233.46 477.50 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 460.10 Td (At ) Tj ET Q q 0 0 0 rg BT 62.71 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.90 460.10 Td (time ) Tj ET Q q 0 0 0 rg BT 90.97 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.82 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.00 460.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 135.49 460.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 164.99 460.10 Td (into ) Tj ET Q q 0 0 0 rg BT 178.91 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.09 460.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 211.07 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.27 460.10 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 271.34 460.10 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 299.54 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.95 460.10 Td (September ) Tj ET Q q 0 0 0 rg BT 346.41 460.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 367.26 460.10 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 412.33 460.10 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 440.52 460.10 Td (occupied ) Tj ET Q q 0 0 0 rg BT 473.06 460.10 Td (2285 ) Tj ET Q q 0 0 0 rg BT 491.74 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.09 460.10 Td (2599 ) Tj ET Q q 0 0 0 rg BT 524.77 460.10 Td (Speakman ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 448.70 Td (Drive. ) Tj ET Q q 0 0 0 rg BT 76.12 448.70 Td (In ) Tj ET Q q 0 0 0 rg BT 84.40 448.70 Td (July ) Tj ET Q q 0 0 0 rg BT 100.04 448.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 121.32 448.70 Td (the ) Tj ET Q q 0 0 0 rg BT 133.93 448.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 151.54 448.70 Td ( ) Tj ET Q q 0 0 0 rg BT 153.32 448.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 191.05 448.70 Td (its ) Tj ET Q q 0 0 0 rg BT 200.62 448.70 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 253.94 448.70 Td (of ) Tj ET Q q 0 0 0 rg BT 262.22 448.70 Td (2251 ) Tj ET Q q 0 0 0 rg BT 281.33 448.70 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 320.36 448.70 Td (Drive ) Tj ET Q q 0 0 0 rg BT 340.31 448.70 Td (and ) Tj ET Q q 0 0 0 rg BT 355.09 448.70 Td (delivered ) Tj ET Q q 0 0 0 rg BT 388.49 448.70 Td (the ) Tj ET Q q 0 0 0 rg BT 401.10 448.70 Td (space ) Tj ET Q q 0 0 0 rg BT 423.67 448.70 Td (to ) Tj ET Q q 0 0 0 rg BT 431.95 448.70 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 477.45 448.70 Td (Nuclear) Tj ET Q q 0 0 0 rg BT 503.87 448.70 Td (, ) Tj ET Q q 0 0 0 rg BT 507.81 448.70 Td (and ) Tj ET Q q 0 0 0 rg BT 522.59 448.70 Td (accordingly ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 437.30 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 95.57 437.30 Td (2251 ) Tj ET Q q 0 0 0 rg BT 115.50 437.30 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 155.34 437.30 Td (Drive ) Tj ET Q q 0 0 0 rg BT 176.12 437.30 Td (from ) Tj ET Q q 0 0 0 rg BT 194.30 437.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 248.43 437.30 Td (to ) Tj ET Q q 0 0 0 rg BT 257.53 437.30 Td (income ) Tj ET Q q 0 0 0 rg BT 285.24 437.30 Td (producing ) Tj ET Q q 0 0 0 rg BT 322.06 437.30 Td (property) Tj ET Q q 0 0 0 rg BT 350.07 437.30 Td (. ) Tj ET Q q 0 0 0 rg BT 354.83 437.30 Td ( ) Tj ET Q q 0 0 0 rg BT 357.27 437.30 Td (The ) Tj ET Q q 0 0 0 rg BT 373.29 437.30 Td (next ) Tj ET Q q 0 0 0 rg BT 390.62 437.30 Td (phase ) Tj ET Q q 0 0 0 rg BT 414.45 437.30 Td (of ) Tj ET Q q 0 0 0 rg BT 423.55 437.30 Td (the ) Tj ET Q q 0 0 0 rg BT 436.98 437.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 491.11 437.30 Td (requires ) Tj ET Q q 0 0 0 rg BT 521.85 437.30 Td (the ) Tj ET Q q 0 0 0 rg BT 535.29 437.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 552.89 437.30 Td ( ) Tj ET Q q 0 0 0 rg BT 555.49 437.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 425.90 Td (undertake ) Tj ET Q q 0 0 0 rg BT 90.47 425.90 Td (a ) Tj ET Q q 0 0 0 rg BT 96.62 425.90 Td (modernization ) Tj ET Q q 0 0 0 rg BT 147.38 425.90 Td (of ) Tj ET Q q 0 0 0 rg BT 155.69 425.90 Td (2285 ) Tj ET Q q 0 0 0 rg BT 174.84 425.90 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 213.91 425.90 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 236.07 425.90 Td (which ) Tj ET Q q 0 0 0 rg BT 257.80 425.90 Td (has ) Tj ET Q q 0 0 0 rg BT 272.18 425.90 Td (been ) Tj ET Q q 0 0 0 rg BT 291.33 425.90 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 332.12 425.90 Td (to ) Tj ET Q q 0 0 0 rg BT 340.44 425.90 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 393.80 425.90 Td (property ) Tj ET Q q 0 0 0 rg BT 424.20 425.90 Td (as ) Tj ET Q q 0 0 0 rg BT 434.24 425.90 Td (of ) Tj ET Q q 0 0 0 rg BT 442.56 425.90 Td (September ) Tj ET Q q 0 0 0 rg BT 482.49 425.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 495.14 425.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 516.46 425.90 Td ( ) Tj ET Q q 0 0 0 rg BT 518.27 425.90 Td (Construction ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 414.50 Td (is ) Tj ET Q q 0 0 0 rg BT 61.94 414.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 95.88 414.50 Td (to ) Tj ET Q q 0 0 0 rg BT 104.69 414.50 Td (begin ) Tj ET Q q 0 0 0 rg BT 126.07 414.50 Td (in ) Tj ET Q q 0 0 0 rg BT 134.44 414.50 Td (the ) Tj ET Q q 0 0 0 rg BT 147.59 414.50 Td (first ) Tj ET Q q 0 0 0 rg BT 162.46 414.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 189.46 414.50 Td (of ) Tj ET Q q 0 0 0 rg BT 198.27 414.50 Td (2017, ) Tj ET Q q 0 0 0 rg BT 220.08 414.50 Td (once ) Tj ET Q q 0 0 0 rg BT 239.29 414.50 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 285.32 414.50 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 314.48 414.50 Td (vacates ) Tj ET Q q 0 0 0 rg BT 343.65 414.50 Td (the ) Tj ET Q q 0 0 0 rg BT 356.79 414.50 Td (premises ) Tj ET Q q 0 0 0 rg BT 390.71 414.50 Td (and ) Tj ET Q q 0 0 0 rg BT 406.02 414.50 Td (is ) Tj ET Q q 0 0 0 rg BT 413.96 414.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 447.90 414.50 Td (to ) Tj ET Q q 0 0 0 rg BT 456.71 414.50 Td (be ) Tj ET Q q 0 0 0 rg BT 467.69 414.50 Td (complete ) Tj ET Q q 0 0 0 rg BT 501.62 414.50 Td (in ) Tj ET Q q 0 0 0 rg BT 510.00 414.50 Td (the ) Tj ET Q q 0 0 0 rg BT 523.14 414.50 Td (later ) Tj ET Q q 0 0 0 rg BT 540.61 414.50 Td (half ) Tj ET Q q 0 0 0 rg BT 555.49 414.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 403.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 75.45 403.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 96.02 403.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 135.65 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.10 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.88 403.10 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 210.37 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.82 403.10 Td (2285 ) Tj ET Q q 0 0 0 rg BT 238.10 403.10 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 277.30 403.10 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 299.59 403.10 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 345.26 403.10 Td (Nuclear ) Tj ET Q q 0 0 0 rg BT 374.05 403.10 Td (will ) Tj ET Q q 0 0 0 rg BT 386.82 403.10 Td (move ) Tj ET Q q 0 0 0 rg BT 407.82 403.10 Td (from ) Tj ET Q q 0 0 0 rg BT 425.36 403.10 Td (its ) Tj ET Q q 0 0 0 rg BT 435.10 403.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 463.47 403.10 Td (premises ) Tj ET Q q 0 0 0 rg BT 497.03 403.10 Td (at ) Tj ET Q q 0 0 0 rg BT 505.48 403.10 Td (2599 ) Tj ET Q q 0 0 0 rg BT 524.76 403.10 Td (Speakman ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 391.70 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 76.14 391.70 Td (leaving ) Tj ET Q q 0 0 0 rg BT 102.63 391.70 Td (that ) Tj ET Q q 0 0 0 rg BT 117.42 391.70 Td (property ) Tj ET Q q 0 0 0 rg BT 147.80 391.70 Td (vacant, ) Tj ET Q q 0 0 0 rg BT 174.72 391.70 Td (at ) Tj ET Q q 0 0 0 rg BT 183.02 391.70 Td (which ) Tj ET Q q 0 0 0 rg BT 204.73 391.70 Td (point ) Tj ET Q q 0 0 0 rg BT 223.42 391.70 Td (in ) Tj ET Q q 0 0 0 rg BT 231.29 391.70 Td (time ) Tj ET Q q 0 0 0 rg BT 247.80 391.70 Td (the ) Tj ET Q q 0 0 0 rg BT 260.43 391.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 278.04 391.70 Td ( ) Tj ET Q q 0 0 0 rg BT 279.84 391.70 Td (expects ) Tj ET Q q 0 0 0 rg BT 308.49 391.70 Td (to ) Tj ET Q q 0 0 0 rg BT 316.79 391.70 Td (reclassify ) Tj ET Q q 0 0 0 rg BT 351.06 391.70 Td (2599 ) Tj ET Q q 0 0 0 rg BT 370.19 391.70 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 409.23 391.70 Td (Drive ) Tj ET Q q 0 0 0 rg BT 429.20 391.70 Td (to ) Tj ET Q q 0 0 0 rg BT 437.50 391.70 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 490.84 391.70 Td (and ) Tj ET Q q 0 0 0 rg BT 505.63 391.70 Td (2285 ) Tj ET Q q 0 0 0 rg BT 524.76 391.70 Td (Speakman ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 380.30 Td (Drive ) Tj ET Q q 0 0 0 rg BT 73.77 380.30 Td (to ) Tj ET Q q 0 0 0 rg BT 81.86 380.30 Td (income ) Tj ET Q q 0 0 0 rg BT 108.57 380.30 Td (producing ) Tj ET Q q 0 0 0 rg BT 144.38 380.30 Td (property) Tj ET Q q 0 0 0 rg BT 172.39 380.30 Td (. ) Tj ET Q q 0 0 0 rg BT 176.05 380.30 Td (The ) Tj ET Q q 0 0 0 rg BT 191.07 380.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 208.68 380.30 Td ( ) Tj ET Q q 0 0 0 rg BT 210.27 380.30 Td (is ) Tj ET Q q 0 0 0 rg BT 217.49 380.30 Td (continuing ) Tj ET Q q 0 0 0 rg BT 254.61 380.30 Td (to ) Tj ET Q q 0 0 0 rg BT 262.70 380.30 Td (engage ) Tj ET Q q 0 0 0 rg BT 290.29 380.30 Td (in ) Tj ET Q q 0 0 0 rg BT 297.95 380.30 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 337.64 380.30 Td (discussions ) Tj ET Q q 0 0 0 rg BT 379.50 380.30 Td (with ) Tj ET Q q 0 0 0 rg BT 394.95 380.30 Td (prospective ) Tj ET Q q 0 0 0 rg BT 436.39 380.30 Td (tenants ) Tj ET Q q 0 0 0 rg BT 463.54 380.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 498.05 380.30 Td (the ) Tj ET Q q 0 0 0 rg BT 510.47 380.30 Td (redevelopment ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 368.90 Td (and ) Tj ET Q q 0 0 0 rg BT 69.16 368.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 96.02 368.90 Td (of ) Tj ET Q q 0 0 0 rg BT 104.68 368.90 Td (2599 ) Tj ET Q q 0 0 0 rg BT 124.18 368.90 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 163.59 368.90 Td (Drive. ) Tj ET Q q 0 0 0 rg BT 186.10 368.90 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 351.50 Td (IFRS fair value) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.77 334.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 89.25 334.10 Td (property ) Tj ET Q q 0 0 0 rg BT 119.17 334.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 148.23 334.10 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 156.08 334.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 208.53 334.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 225.86 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.20 334.10 Td (had ) Tj ET Q q 0 0 0 rg BT 241.54 334.10 Td (an ) Tj ET Q q 0 0 0 rg BT 251.55 334.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 286.68 334.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 305.77 334.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 317.93 334.10 Td (value ) Tj ET Q q 0 0 0 rg BT 337.90 334.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.75 334.10 Td ($937.2 ) Tj ET Q q 0 0 0 rg BT 370.92 334.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 334.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.51 334.10 Td (with ) Tj ET Q q 0 0 0 rg BT 411.71 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.38 334.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 449.91 334.10 Td (average ) Tj ET Q q 0 0 0 rg BT 479.41 334.10 Td (going-in ) Tj ET Q q 0 0 0 rg BT 508.47 334.10 Td (capitalization ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 322.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 65.76 322.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 74.60 322.70 Td (6.34%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 96.69 322.70 Td (. ) Tj ET Q q 0 0 0 rg BT 101.19 322.70 Td (It ) Tj ET Q q 0 0 0 rg BT 107.86 322.70 Td (is ) Tj ET Q q 0 0 0 rg BT 115.83 322.70 Td (important ) Tj ET Q q 0 0 0 rg BT 150.64 322.70 Td (to ) Tj ET Q q 0 0 0 rg BT 159.48 322.70 Td (highlight ) Tj ET Q q 0 0 0 rg BT 190.84 322.70 Td (that ) Tj ET Q q 0 0 0 rg BT 206.18 322.70 Td (this ) Tj ET Q q 0 0 0 rg BT 220.64 322.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 268.02 322.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 283.78 322.70 Td (reflects ) Tj ET Q q 0 0 0 rg BT 311.24 322.70 Td (the ) Tj ET Q q 0 0 0 rg BT 324.40 322.70 Td (current ) Tj ET Q q 0 0 0 rg BT 350.99 322.70 Td (economics ) Tj ET Q q 0 0 0 rg BT 390.57 322.70 Td (of ) Tj ET Q q 0 0 0 rg BT 399.40 322.70 Td (the ) Tj ET Q q 0 0 0 rg BT 412.57 322.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 438.04 322.70 Td (properties, ) Tj ET Q q 0 0 0 rg BT 477.19 322.70 Td (including ) Tj ET Q q 0 0 0 rg BT 510.28 322.70 Td (its ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.41 322.70 Td (86.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.50 322.70 Td ( ) Tj ET Q q 0 0 0 rg BT 544.84 322.70 Td (in-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 311.30 Td (place ) Tj ET Q q 0 0 0 rg BT 70.26 311.30 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 109.15 311.30 Td (which ) Tj ET Q q 0 0 0 rg BT 130.70 311.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 160.92 311.30 Td (its ) Tj ET Q q 0 0 0 rg BT 170.35 311.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 223.52 311.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.68 311.30 Td (and ) Tj ET Q q 0 0 0 rg BT 262.31 311.30 Td (current ) Tj ET Q q 0 0 0 rg BT 288.20 311.30 Td (in-place ) Tj ET Q q 0 0 0 rg BT 317.11 311.30 Td (rents ) Tj ET Q q 0 0 0 rg BT 336.07 311.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 344.21 311.30 Td ($14.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 368.04 311.30 Td (, ) Tj ET Q q 0 0 0 rg BT 371.84 311.30 Td (which ) Tj ET Q q 0 0 0 rg BT 393.39 311.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 440.50 311.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 475.48 311.30 Td (to ) Tj ET Q q 0 0 0 rg BT 483.62 311.30 Td (be ) Tj ET Q q 0 0 0 rg BT 493.92 311.30 Td (on ) Tj ET Q q 0 0 0 rg BT 504.22 311.30 Td (average ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.01 311.30 Td ($1.04) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 299.90 Td (below ) Tj ET Q q 0 0 0 rg BT 71.92 299.90 Td (market ) Tj ET Q q 0 0 0 rg BT 97.30 299.90 Td (rents. ) Tj ET Q q 0 0 0 rg BT 118.35 299.90 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 146.77 299.90 Td (the ) Tj ET Q q 0 0 0 rg BT 159.17 299.90 Td (average ) Tj ET Q q 0 0 0 rg BT 188.89 299.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 224.23 299.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 243.54 299.90 Td (value ) Tj ET Q q 0 0 0 rg BT 263.74 299.90 Td (per ) Tj ET Q q 0 0 0 rg BT 276.56 299.90 Td (sq.ft. ) Tj ET Q q 0 0 0 rg BT 295.03 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 303.09 299.90 Td (the ) Tj ET Q q 0 0 0 rg BT 315.49 299.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 340.19 299.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 369.48 299.90 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.67 299.90 Td ($187.81) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.83 299.90 Td ( ) Tj ET Q q 0 0 0 rg BT 406.40 299.90 Td (with ) Tj ET Q q 0 0 0 rg BT 421.82 299.90 Td (an ) Tj ET Q q 0 0 0 rg BT 432.05 299.90 Td (average ) Tj ET Q q 0 0 0 rg BT 461.77 299.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 477.63 299.90 Td (to ) Tj ET Q q 0 0 0 rg BT 485.70 299.90 Td (the ) Tj ET Q q 0 0 0 rg BT 498.10 299.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 515.71 299.90 Td ( ) Tj ET Q q 0 0 0 rg BT 517.28 299.90 Td (of ) Tj ET Q q 0 0 0 rg BT 525.34 299.90 Td ($182.00 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 288.50 Td (per ) Tj ET Q q 0 0 0 rg BT 63.46 288.50 Td (sq. ) Tj ET Q q 0 0 0 rg BT 76.05 288.50 Td (ft. ) Tj ET Q q 0 0 0 rg BT 84.75 288.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.94 288.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 134.61 288.50 Td (believes ) Tj ET Q q 0 0 0 rg BT 165.39 288.50 Td (that ) Tj ET Q q 0 0 0 rg BT 180.59 288.50 Td (this ) Tj ET Q q 0 0 0 rg BT 194.91 288.50 Td (average ) Tj ET Q q 0 0 0 rg BT 225.26 288.50 Td (value ) Tj ET Q q 0 0 0 rg BT 246.08 288.50 Td (per ) Tj ET Q q 0 0 0 rg BT 259.54 288.50 Td (sq.ft. ) Tj ET Q q 0 0 0 rg BT 278.63 288.50 Td (is ) Tj ET Q q 0 0 0 rg BT 286.46 288.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 328.93 288.50 Td (lower ) Tj ET Q q 0 0 0 rg BT 349.74 288.50 Td (than ) Tj ET Q q 0 0 0 rg BT 367.10 288.50 Td (replacement ) Tj ET Q q 0 0 0 rg BT 412.17 288.50 Td (cost, ) Tj ET Q q 0 0 0 rg BT 430.82 288.50 Td (which ) Tj ET Q q 0 0 0 rg BT 452.93 288.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 500.60 288.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 536.15 288.50 Td (to ) Tj ET Q q 0 0 0 rg BT 544.84 288.50 Td (be ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (on ) Tj ET Q q 0 0 0 rg BT 60.83 277.10 Td (average ) Tj ET Q q 0 0 0 rg BT 91.15 277.10 Td (between ) Tj ET Q q 0 0 0 rg BT 122.77 277.10 Td ($250.00 ) Tj ET Q q 0 0 0 rg BT 153.10 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.26 277.10 Td ($350.00 ) Tj ET Q q 0 0 0 rg BT 198.59 277.10 Td (per ) Tj ET Q q 0 0 0 rg BT 212.01 277.10 Td (sq.ft., ) Tj ET Q q 0 0 0 rg BT 233.24 277.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 271.80 277.10 Td (on ) Tj ET Q q 0 0 0 rg BT 282.63 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.63 277.10 Td (property) Tj ET Q q 0 0 0 rg BT 323.64 277.10 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 259.70 Td (The ) Tj ET Q q 0 0 0 rg BT 66.39 259.70 Td (following ) Tj ET Q q 0 0 0 rg BT 99.67 259.70 Td (table ) Tj ET Q q 0 0 0 rg BT 119.53 259.70 Td (presents ) Tj ET Q q 0 0 0 rg BT 152.38 259.70 Td (a ) Tj ET Q q 0 0 0 rg BT 159.69 259.70 Td (summary ) Tj ET Q q 0 0 0 rg BT 194.68 259.70 Td (of ) Tj ET Q q 0 0 0 rg BT 204.15 259.70 Td (the ) Tj ET Q q 0 0 0 rg BT 217.95 259.70 Td (discount, ) Tj ET Q q 0 0 0 rg BT 252.11 259.70 Td (terminal ) Tj ET Q q 0 0 0 rg BT 282.78 259.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 330.79 259.70 Td (and ) Tj ET Q q 0 0 0 rg BT 346.76 259.70 Td (going-in ) Tj ET Q q 0 0 0 rg BT 377.44 259.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 425.46 259.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 445.75 259.70 Td (for ) Tj ET Q q 0 0 0 rg BT 457.81 259.70 Td (the ) Tj ET Q q 0 0 0 rg BT 471.61 259.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 485.40 259.70 Td (value ) Tj ET Q q 0 0 0 rg BT 506.99 259.70 Td (of ) Tj ET Q q 0 0 0 rg BT 516.46 259.70 Td (the ) Tj ET Q q 0 0 0 rg BT 530.26 259.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 549.60 259.70 Td (s ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 248.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 86.81 248.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 95.47 248.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 148.75 248.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 166.08 248.30 Td ( ) Tj ET Q q 0 0 0 rg BT 168.24 248.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 183.41 248.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 234.50 248.30 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 251.83 248.30 Td (:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 254.00 248.30 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 237.79999999999995 m 128.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 221.79999999999995 m 128.5 221.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128.5 237.79999999999995 m 199.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 128.5 221.79999999999995 m 199.5 221.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 237.79999999999995 m 270.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 199.5 221.79999999999995 m 270.5 221.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 237.79999999999995 m 341.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 221.79999999999995 m 341.5 221.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 237.79999999999995 m 412.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 341.5 221.79999999999995 m 412.5 221.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 237.79999999999995 m 483.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 412.5 221.79999999999995 m 483.5 221.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 237.79999999999995 m 554.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 221.79999999999995 m 554.5 221.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 199.79999999999995 m 128.5 199.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 128.5 199.79999999999995 m 199.5 199.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 199.5 199.79999999999995 m 270.5 199.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 199.79999999999995 m 341.5 199.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 341.5 199.79999999999995 m 412.5 199.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 412.5 199.79999999999995 m 483.5 199.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 221.79999999999995 m 554.5 221.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 199.79999999999995 m 554.5 199.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 199.79999999999995 m 554.5 199.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 158.79999999999995 m 128.5 158.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 128.5 158.79999999999995 m 199.5 158.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 158.79999999999995 m 270.5 158.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 158.79999999999995 m 341.5 158.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 158.79999999999995 m 412.5 158.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 158.79999999999995 m 483.5 158.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 158.79999999999995 m 554.5 158.79999999999995 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 198.10 226.33 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 413.25 226.33 Td (December 31, 2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 162.65 212.38 Td (Discount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 181.70 202.88 Td (rate) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 235.05 212.38 Td (Terminal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 237.10 202.88 Td (cap rate) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 287.35 212.38 Td (Capitalization) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.50 202.88 Td (rate) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 331.79 205.31 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.65 212.38 Td (Discount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 395.55 202.88 Td (rate) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 450.55 212.38 Td (Terminal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.80 202.88 Td (cap rate) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 504.20 212.38 Td (Capitalization) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 202.88 Td (rate) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 544.77 205.31 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 190.38 Td (Minimum) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 176.85 190.38 Td (6.75) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 192.05 190.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 247.85 190.38 Td (6.25) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 263.05 190.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.85 190.38 Td (4.50) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.05 190.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.85 190.38 Td (7.00) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.05 190.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.85 190.38 Td (6.25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.05 190.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.85 190.38 Td (4.50) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 547.05 190.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 177.38 Td (Maximum) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 172.55 177.38 Td (11.00) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 192.05 177.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 247.85 177.38 Td (9.00) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 263.05 177.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.55 177.38 Td (13.17) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.05 177.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.55 177.38 Td (11.00) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.05 177.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.85 177.38 Td (9.00) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.05 177.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.55 177.38 Td (13.17) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 547.05 177.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 163.33 Td (Weighted average) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 176.85 163.33 Td (7.53) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 192.05 163.33 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 247.85 163.33 Td (7.03) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 263.05 163.33 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.85 163.33 Td (6.34) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.05 163.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.85 163.33 Td (7.83) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.05 163.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.85 163.33 Td (6.93) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.05 163.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.85 163.33 Td (6.77) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 547.05 163.33 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 149.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 59.86 149.70 Td (Represents ) Tj ET Q q 0 0 0 rg BT 95.25 149.70 Td (the ) Tj ET Q q 0 0 0 rg BT 106.21 149.70 Td (going-in ) Tj ET Q q 0 0 0 rg BT 131.39 149.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 171.16 149.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 184.31 149.70 Td (on ) Tj ET Q q 0 0 0 rg BT 193.45 149.70 Td (the ) Tj ET Q q 0 0 0 rg BT 204.41 149.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 225.73 149.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 256.75 149.70 Td (based ) Tj ET Q q 0 0 0 rg BT 276.46 149.70 Td (on ) Tj ET Q q 0 0 0 rg BT 285.60 149.70 Td (Management's ) Tj ET Q q 0 0 0 rg BT 330.28 149.70 Td (estimate ) Tj ET Q q 0 0 0 rg BT 356.91 149.70 Td (of ) Tj ET Q q 0 0 0 rg BT 364.23 149.70 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 405.08 149.70 Td (forward ) Tj ET Q q 0 0 0 rg BT 428.79 149.70 Td (NOI. ) Tj ET Q q 0 0 0 rg BT 444.01 149.70 Td (The ) Tj ET Q q 0 0 0 rg BT 457.16 149.70 Td (figures ) Tj ET Q q 0 0 0 rg BT 478.69 149.70 Td (presented ) Tj ET Q q 0 0 0 rg BT 509.71 149.70 Td (are ) Tj ET Q q 0 0 0 rg BT 521.03 149.70 Td (inclusive ) Tj ET Q q 0 0 0 rg BT 548.04 149.70 Td (of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (both ) Tj ET Q q 0 0 0 rg BT 64.78 140.10 Td (those ) Tj ET Q q 0 0 0 rg BT 82.85 140.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 114.04 140.10 Td (where ) Tj ET Q q 0 0 0 rg BT 133.91 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.05 140.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 163.11 140.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 203.05 140.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 232.42 140.10 Td (has ) Tj ET Q q 0 0 0 rg BT 245.01 140.10 Td (been ) Tj ET Q q 0 0 0 rg BT 261.62 140.10 Td (used ) Tj ET Q q 0 0 0 rg BT 277.86 140.10 Td (as ) Tj ET Q q 0 0 0 rg BT 286.81 140.10 Td (well ) Tj ET Q q 0 0 0 rg BT 300.12 140.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.06 140.10 Td (those ) Tj ET Q q 0 0 0 rg BT 327.13 140.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 358.32 140.10 Td (where ) Tj ET Q q 0 0 0 rg BT 378.19 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.33 140.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 413.21 140.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 441.49 140.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 481.07 140.10 Td (was ) Tj ET Q q 0 0 0 rg BT 494.75 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.88 140.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 539.63 140.10 Td (cash ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 130.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 63.49 130.50 Td (approach. ) Tj ET Q q 0 0 0 rg BT 94.49 130.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (While ) Tj ET Q q 0 0 0 rg BT 72.88 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.11 113.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 121.69 113.10 Td (average ) Tj ET Q q 0 0 0 rg BT 153.24 113.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 201.69 113.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 218.51 113.10 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 227.54 113.10 Td (6.34%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 249.63 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 255.19 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 278.51 113.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 318.72 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.95 113.10 Td (going-in ) Tj ET Q q 0 0 0 rg BT 364.06 113.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 412.51 113.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 429.33 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 441.40 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.63 113.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 482.16 113.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 520.20 113.10 Td (based ) Tj ET Q q 0 0 0 rg BT 544.83 113.10 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 101.70 Td (Management's ) Tj ET Q q 0 0 0 rg BT 103.41 101.70 Td (estimate ) Tj ET Q q 0 0 0 rg BT 135.41 101.70 Td (of ) Tj ET Q q 0 0 0 rg BT 144.46 101.70 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 193.33 101.70 Td (forward ) Tj ET Q q 0 0 0 rg BT 221.86 101.70 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 240.42 101.70 Td (the ) Tj ET Q q 0 0 0 rg BT 253.81 101.70 Td (minimum ) Tj ET Q q 0 0 0 rg BT 287.95 101.70 Td (and ) Tj ET Q q 0 0 0 rg BT 303.50 101.70 Td (maximum ) Tj ET Q q 0 0 0 rg BT 339.81 101.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 387.40 101.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 407.27 101.70 Td (are ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 421.08 101.70 Td (4.50%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 443.17 101.70 Td ( ) Tj ET Q q 0 0 0 rg BT 445.72 101.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.26 101.70 Td (13.17%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 487.69 101.70 Td (, ) Tj ET Q q 0 0 0 rg BT 492.40 101.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 532.97 101.70 Td (. ) Tj ET Q q 0 0 0 rg BT 537.68 101.70 Td ( ) Tj ET Q q 0 0 0 rg BT 540.07 101.70 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 90.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 70.36 90.30 Td (end ) Tj ET Q q 0 0 0 rg BT 85.11 90.30 Td (of ) Tj ET Q q 0 0 0 rg BT 93.36 90.30 Td (the ) Tj ET Q q 0 0 0 rg BT 105.94 90.30 Td (range ) Tj ET Q q 0 0 0 rg BT 127.61 90.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 166.17 90.30 Td (a ) Tj ET Q q 0 0 0 rg BT 172.25 90.30 Td (property ) Tj ET Q q 0 0 0 rg BT 202.58 90.30 Td (with ) Tj ET Q q 0 0 0 rg BT 218.18 90.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 271.47 90.30 Td (excess ) Tj ET Q q 0 0 0 rg BT 297.47 90.30 Td (density) Tj ET Q q 0 0 0 rg BT 321.58 90.30 Td (, ) Tj ET Q q 0 0 0 rg BT 325.50 90.30 Td (while ) Tj ET Q q 0 0 0 rg BT 345.00 90.30 Td (the ) Tj ET Q q 0 0 0 rg BT 357.58 90.30 Td (upper ) Tj ET Q q 0 0 0 rg BT 379.25 90.30 Td (end ) Tj ET Q q 0 0 0 rg BT 394.00 90.30 Td (of ) Tj ET Q q 0 0 0 rg BT 402.25 90.30 Td (the ) Tj ET Q q 0 0 0 rg BT 414.83 90.30 Td (range ) Tj ET Q q 0 0 0 rg BT 436.50 90.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 475.06 90.30 Td (a ) Tj ET Q q 0 0 0 rg BT 481.14 90.30 Td (property ) Tj ET Q q 0 0 0 rg BT 511.47 90.30 Td (with ) Tj ET Q q 0 0 0 rg BT 527.07 90.30 Td (a ) Tj ET Q q 0 0 0 rg BT 533.15 90.30 Td (single ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 78.90 Td (tenant ) Tj ET Q q 0 0 0 rg BT 73.83 78.90 Td (under ) Tj ET Q q 0 0 0 rg BT 95.92 78.90 Td (a ) Tj ET Q q 0 0 0 rg BT 102.42 78.90 Td (shorter ) Tj ET Q q 0 0 0 rg BT 128.83 78.90 Td (duration ) Tj ET Q q 0 0 0 rg BT 159.15 78.90 Td (lease. ) Tj ET Q q 0 0 0 rg BT 182.11 78.90 Td (Both ) Tj ET Q q 0 0 0 rg BT 200.30 78.90 Td (of ) Tj ET Q q 0 0 0 rg BT 208.97 78.90 Td (these ) Tj ET Q q 0 0 0 rg BT 230.19 78.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 267.00 78.90 Td (have ) Tj ET Q q 0 0 0 rg BT 286.06 78.90 Td (an ) Tj ET Q q 0 0 0 rg BT 296.90 78.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 332.84 78.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 345.83 78.90 Td (value ) Tj ET Q q 0 0 0 rg BT 366.62 78.90 Td (of ) Tj ET Q q 0 0 0 rg BT 375.29 78.90 Td (less ) Tj ET Q q 0 0 0 rg BT 391.31 78.90 Td (than ) Tj ET Q q 0 0 0 rg BT 408.64 78.90 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 425.97 78.90 Td (million ) Tj ET Q q 0 0 0 rg BT 450.21 78.90 Td (individually) Tj ET Q q 0 0 0 rg BT 487.75 78.90 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 61.50 Td (V) Tj ET Q q 0 0 0 rg BT 54.63 61.50 Td (arious ) Tj ET Q q 0 0 0 rg BT 77.76 61.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 114.31 61.50 Td (within ) Tj ET Q q 0 0 0 rg BT 136.14 61.50 Td (the ) Tj ET Q q 0 0 0 rg BT 148.89 61.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 173.94 61.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 203.57 61.50 Td (are ) Tj ET Q q 0 0 0 rg BT 216.74 61.50 Td (either ) Tj ET Q q 0 0 0 rg BT 238.14 61.50 Td (vacant, ) Tj ET Q q 0 0 0 rg BT 265.18 61.50 Td (or ) Tj ET Q q 0 0 0 rg BT 274.02 61.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 316.21 61.50 Td (below ) Tj ET Q q 0 0 0 rg BT 338.48 61.50 Td (normalized ) Tj ET Q q 0 0 0 rg BT 378.49 61.50 Td (occupancy) Tj ET Q q 0 0 0 rg BT 415.17 61.50 Td (, ) Tj ET Q q 0 0 0 rg BT 419.25 61.50 Td (and ) Tj ET Q q 0 0 0 rg BT 434.17 61.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 459.46 61.50 Td (of ) Tj ET Q q 0 0 0 rg BT 467.88 61.50 Td (which ) Tj ET Q q 0 0 0 rg BT 489.71 61.50 Td (are ) Tj ET Q q 0 0 0 rg BT 502.88 61.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 536.42 61.50 Td (to ) Tj ET Q q 0 0 0 rg BT 544.83 61.50 Td (be ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (so ) Tj ET Q q 0 0 0 rg BT 60.33 50.10 Td (for ) Tj ET Q q 0 0 0 rg BT 71.52 50.10 Td (all ) Tj ET Q q 0 0 0 rg BT 81.42 50.10 Td (or ) Tj ET Q q 0 0 0 rg BT 90.44 50.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.87 50.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 122.79 50.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.39 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.32 50.10 Td (next ) Tj ET Q q 0 0 0 rg BT 161.15 50.10 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 209.58 50.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 235.50 50.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.47 50.10 Td (These ) Tj ET Q q 0 0 0 rg BT 261.22 50.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 297.97 50.10 Td (include ) Tj ET Q q 0 0 0 rg BT 324.75 50.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.69 50.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 362.92 50.10 Td (development ) Tj ET Q q 0 0 0 rg BT 409.63 50.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 448.54 50.10 Td (2285 ) Tj ET Q q 0 0 0 rg BT 467.97 50.10 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 507.31 50.10 Td (Drive ) Tj ET Q q 0 0 0 rg BT 527.59 50.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.69 50.10 Td (the ) 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 50.00 742.10 Td (two ) Tj ET Q q 0 0 0 rg BT 63.51 742.10 Td (vacant ) Tj ET Q q 0 0 0 rg BT 87.59 742.10 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 113.66 742.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 146.23 742.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 184.43 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.55 742.10 Td (After ) Tj ET Q q 0 0 0 rg BT 203.40 742.10 Td (removing ) Tj ET Q q 0 0 0 rg BT 236.83 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.05 742.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 264.30 742.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 305.97 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.86 742.10 Td (these ) Tj ET Q q 0 0 0 rg BT 334.31 742.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 370.35 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 387.32 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.55 742.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 424.07 742.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 462.28 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.17 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 479.35 742.10 Td (going-in ) Tj ET Q q 0 0 0 rg BT 508.46 742.10 Td (capitalization ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 730.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 65.59 730.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 74.26 730.70 Td (6.34%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 96.35 730.70 Td (, ) Tj ET Q q 0 0 0 rg BT 100.68 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 113.68 730.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 129.27 730.70 Td (would ) Tj ET Q q 0 0 0 rg BT 151.79 730.70 Td (be ) Tj ET Q q 0 0 0 rg BT 162.62 730.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 194.24 730.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 202.91 730.70 Td (6.79%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 225.00 730.70 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 713.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.93 713.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 77.26 713.30 Td (values ) Tj ET Q q 0 0 0 rg BT 101.29 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 109.30 713.30 Td (investment ) Tj ET Q q 0 0 0 rg BT 148.48 713.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 184.63 713.30 Td (are ) Tj ET Q q 0 0 0 rg BT 197.40 713.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 233.54 713.30 Td (individually ) Tj ET Q q 0 0 0 rg BT 273.16 713.30 Td (without ) Tj ET Q q 0 0 0 rg BT 299.35 713.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 347.20 713.30 Td (to ) Tj ET Q q 0 0 0 rg BT 355.21 713.30 Td (their ) Tj ET Q q 0 0 0 rg BT 371.87 713.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 408.46 713.30 Td (value ) Tj ET Q q 0 0 0 rg BT 428.59 713.30 Td (on ) Tj ET Q q 0 0 0 rg BT 438.77 713.30 Td (a ) Tj ET Q q 0 0 0 rg BT 444.61 713.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 473.83 713.30 Td (basis. ) Tj ET Q q 0 0 0 rg BT 495.69 713.30 Td (No ) Tj ET Q q 0 0 0 rg BT 507.16 713.30 Td (consideration ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 701.90 Td (is ) Tj ET Q q 0 0 0 rg BT 58.08 701.90 Td (given ) Tj ET Q q 0 0 0 rg BT 79.16 701.90 Td (to ) Tj ET Q q 0 0 0 rg BT 88.11 701.90 Td (diversification ) Tj ET Q q 0 0 0 rg BT 137.76 701.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 167.50 701.90 Td (related ) Tj ET Q q 0 0 0 rg BT 193.77 701.90 Td (to ) Tj ET Q q 0 0 0 rg BT 202.73 701.90 Td (single ) Tj ET Q q 0 0 0 rg BT 225.53 701.90 Td (property ) Tj ET Q q 0 0 0 rg BT 256.56 701.90 Td (tenant ) Tj ET Q q 0 0 0 rg BT 280.68 701.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 295.25 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 310.70 701.90 Td (geography) Tj ET Q q 0 0 0 rg BT 346.94 701.90 Td (, ) Tj ET Q q 0 0 0 rg BT 351.56 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 364.85 701.90 Td (value ) Tj ET Q q 0 0 0 rg BT 385.92 701.90 Td (of ) Tj ET Q q 0 0 0 rg BT 394.88 701.90 Td (assembling ) Tj ET Q q 0 0 0 rg BT 436.73 701.90 Td (a ) Tj ET Q q 0 0 0 rg BT 443.52 701.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 473.69 701.90 Td (or ) Tj ET Q q 0 0 0 rg BT 483.07 701.90 Td (to ) Tj ET Q q 0 0 0 rg BT 492.02 701.90 Td (the ) Tj ET Q q 0 0 0 rg BT 505.30 701.90 Td (utilization ) Tj ET Q q 0 0 0 rg BT 540.23 701.90 Td (of ) Tj ET Q q 0 0 0 rg BT 549.19 701.90 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 690.50 Td (common ) Tj ET Q q 0 0 0 rg BT 81.84 690.50 Td (management ) Tj ET Q q 0 0 0 rg BT 129.27 690.50 Td (platform, ) Tj ET Q q 0 0 0 rg BT 161.54 690.50 Td (amongst ) Tj ET Q q 0 0 0 rg BT 193.39 690.50 Td (other ) Tj ET Q q 0 0 0 rg BT 213.11 690.50 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 244.14 690.50 Td (As ) Tj ET Q q 0 0 0 rg BT 255.20 690.50 Td (a ) Tj ET Q q 0 0 0 rg BT 261.49 690.50 Td (result, ) Tj ET Q q 0 0 0 rg BT 284.67 690.50 Td (the ) Tj ET Q q 0 0 0 rg BT 297.47 690.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 310.25 690.50 Td (value ) Tj ET Q q 0 0 0 rg BT 330.84 690.50 Td (of ) Tj ET Q q 0 0 0 rg BT 339.30 690.50 Td (the ) Tj ET Q q 0 0 0 rg BT 352.09 690.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 371.43 690.50 Td (s ) Tj ET Q q 0 0 0 rg BT 377.29 690.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 416.93 690.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 453.53 690.50 Td (taken ) Tj ET Q q 0 0 0 rg BT 474.56 690.50 Td (in ) Tj ET Q q 0 0 0 rg BT 482.58 690.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 519.63 690.50 Td (may ) Tj ET Q q 0 0 0 rg BT 536.31 690.50 Td (dif) Tj ET Q q 0 0 0 rg BT 544.41 690.50 Td (fer ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (from ) Tj ET Q q 0 0 0 rg BT 67.75 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.75 679.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 93.74 679.10 Td (value ) Tj ET Q q 0 0 0 rg BT 114.53 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.19 679.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 163.04 679.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 199.84 679.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 236.65 679.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 276.93 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.16 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.15 679.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 317.49 679.10 Td (s ) Tj ET Q q 0 0 0 rg BT 323.56 679.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 369.47 679.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 409.75 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.42 679.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 449.17 679.10 Td (position.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 650.30 Td (Property continuity) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 632.90 Td (A) Tj ET Q q 0 0 0 rg BT 54.77 632.90 Td ( continuity of the REIT's property interests, including acquisitions, dispositions, capital and other changes 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 49.25 616.4 m 265.25 616.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.25 616.4 m 337.25 616.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.25 616.4 m 409.25 616.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.25 616.4 m 481.25 616.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.25 616.4 m 553.25 616.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.25 588.4 m 265.25 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.25 588.4 m 337.25 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.25 588.4 m 409.25 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.25 588.4 m 481.25 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.25 588.4 m 553.25 588.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.25 453.4 m 265.25 453.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.25 453.4 m 337.25 453.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.25 453.4 m 409.25 453.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.25 453.4 m 481.25 453.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.25 453.4 m 553.25 453.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 438.4 m 265.25 438.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.25 438.4 m 337.25 438.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.25 438.4 m 409.25 438.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.25 438.4 m 481.25 438.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.25 438.4 m 553.25 438.4 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.55 606.93 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.90 606.93 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.40 592.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 388.40 592.93 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.40 592.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.40 592.93 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 577.93 Td (Balance, beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.75 577.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.95 577.93 Td (843,257) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.75 577.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.95 577.93 Td (747,270) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.75 577.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.95 577.93 Td (729,089) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.75 577.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.95 577.93 Td (448,012) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 562.93 Td (Acquisitions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.30 562.98 Td (86,336) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.85 562.93 Td (\(69) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.15 562.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.95 562.93 Td (173,122) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.95 562.93 Td (308,579) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 547.93 Td (Capital expenditures) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.65 547.93 Td (5,835) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.15 547.93 Td (717) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.30 547.93 Td (21,762) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.65 547.93 Td (1,134) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 532.93 Td (Direct leasing costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.65 532.93 Td (2,856) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.65 532.93 Td (2,560) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.65 532.93 Td (9,521) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.65 532.93 Td (6,126) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 517.93 Td (Dispositions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.35 517.98 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.70 517.93 Td (\(22,550) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.15 517.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.05 517.93 Td (\(4,275) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.15 517.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 523.70 517.93 Td (\(29,250) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.15 517.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 502.93 Td (Depreciation of hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.55 502.98 Td (\(149) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.15 502.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.35 502.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.55 502.93 Td (\(428) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.15 502.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.35 502.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 487.93 Td (Provisions ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.35 487.98 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.45 487.93 Td (19) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 470.35 487.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.45 487.93 Td (14) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 472.93 Td (Change in fair value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.05 472.98 Td (\(1,497) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.15 472.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.55 472.93 Td (\(332) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.15 472.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.65 472.93 Td (6,911) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.05 472.93 Td (\(7,871) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.15 472.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 457.93 Td (Straight line rent and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.15 457.93 Td (522) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.15 457.93 Td (438) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.65 457.93 Td (1,458) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.65 457.93 Td (1,309) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.75 442.93 Td (Balance, end of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.75 442.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.95 442.93 Td (937,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.75 442.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.95 442.93 Td (728,053) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.75 442.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.95 442.93 Td (937,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.75 442.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.95 442.93 Td (728,053) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 421.50 Td (Capital ) Tj ET Q q 0 0 0 rg BT 76.44 421.50 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 123.24 421.50 Td (are ) Tj ET Q q 0 0 0 rg BT 136.69 421.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 167.02 421.50 Td (by ) Tj ET Q q 0 0 0 rg BT 177.44 421.50 Td (the ) Tj ET Q q 0 0 0 rg BT 190.47 421.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 208.07 421.50 Td ( ) Tj ET Q q 0 0 0 rg BT 210.27 421.50 Td (for ) Tj ET Q q 0 0 0 rg BT 221.55 421.50 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 263.58 421.50 Td (or ) Tj ET Q q 0 0 0 rg BT 272.70 421.50 Td (improving ) Tj ET Q q 0 0 0 rg BT 308.66 421.50 Td (its ) Tj ET Q q 0 0 0 rg BT 318.65 421.50 Td (of) Tj ET Q q 0 0 0 rg BT 325.01 421.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 339.33 421.50 Td (properties. ) Tj ET Q q 0 0 0 rg BT 378.33 421.50 Td (Certain ) Tj ET Q q 0 0 0 rg BT 405.63 421.50 Td (leases ) Tj ET Q q 0 0 0 rg BT 430.34 421.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 458.08 421.50 Td (the ) Tj ET Q q 0 0 0 rg BT 471.10 421.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 493.21 421.50 Td (to ) Tj ET Q q 0 0 0 rg BT 501.90 421.50 Td (recover ) Tj ET Q q 0 0 0 rg BT 530.07 421.50 Td (all ) Tj ET Q q 0 0 0 rg BT 540.06 421.50 Td (or ) Tj ET Q q 0 0 0 rg BT 549.17 421.50 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 75.32 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.32 410.10 Td (these ) Tj ET Q q 0 0 0 rg BT 103.88 410.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 123.56 410.10 Td (from ) Tj ET Q q 0 0 0 rg BT 140.65 410.10 Td (tenants ) Tj ET Q q 0 0 0 rg BT 167.70 410.10 Td (over ) Tj ET Q q 0 0 0 rg BT 184.36 410.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 202.74 410.10 Td (Direct ) Tj ET Q q 0 0 0 rg BT 224.58 410.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 250.77 410.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 270.46 410.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 303.57 410.10 Td (include ) Tj ET Q q 0 0 0 rg BT 329.76 410.10 Td (tenant ) Tj ET Q q 0 0 0 rg BT 352.92 410.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 399.45 410.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 442.95 410.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 462.64 410.10 Td (related ) Tj ET Q q 0 0 0 rg BT 487.96 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.96 410.10 Td (new ) Tj ET Q q 0 0 0 rg BT 511.74 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.24 410.10 Td (renewal ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 398.70 Td (leasing.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 381.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.22 381.30 Td (change ) Tj ET Q q 0 0 0 rg BT 92.57 381.30 Td (in ) Tj ET Q q 0 0 0 rg BT 100.43 381.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 129.93 381.30 Td (value ) Tj ET Q q 0 0 0 rg BT 150.34 381.30 Td (of ) Tj ET Q q 0 0 0 rg BT 158.64 381.30 Td (the ) Tj ET Q q 0 0 0 rg BT 171.26 381.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 196.19 381.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 232.62 381.30 Td (during ) Tj ET Q q 0 0 0 rg BT 256.07 381.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 268.69 381.30 Td (three ) Tj ET Q q 0 0 0 rg BT 288.24 381.30 Td (months ) Tj ET Q q 0 0 0 rg BT 315.59 381.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 339.04 381.30 Td (September ) Tj ET Q q 0 0 0 rg BT 378.94 381.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 391.57 381.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 408.90 381.30 Td ( ) Tj ET Q q 0 0 0 rg BT 410.69 381.30 Td (is ) Tj ET Q q 0 0 0 rg BT 418.11 381.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 449.33 381.30 Td (the ) Tj ET Q q 0 0 0 rg BT 461.96 381.30 Td (result ) Tj ET Q q 0 0 0 rg BT 482.80 381.30 Td (of ) Tj ET Q q 0 0 0 rg BT 491.09 381.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 529.70 381.30 Td (activity ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 369.90 Td (as ) Tj ET Q q 0 0 0 rg BT 60.40 369.90 Td (well ) Tj ET Q q 0 0 0 rg BT 75.98 369.90 Td (as ) Tj ET Q q 0 0 0 rg BT 86.37 369.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.89 369.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 146.58 369.90 Td (and ) Tj ET Q q 0 0 0 rg BT 161.74 369.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 182.96 369.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 209.82 369.90 Td (spend ) Tj ET Q q 0 0 0 rg BT 233.21 369.90 Td (and ) Tj ET Q q 0 0 0 rg BT 248.37 369.90 Td (other ) Tj ET Q q 0 0 0 rg BT 268.30 369.90 Td (additions ) Tj ET Q q 0 0 0 rg BT 301.65 369.90 Td (and ) Tj ET Q q 0 0 0 rg BT 316.81 369.90 Td (small ) Tj ET Q q 0 0 0 rg BT 337.16 369.90 Td (modifications ) Tj ET Q q 0 0 0 rg BT 384.80 369.90 Td (to ) Tj ET Q q 0 0 0 rg BT 393.46 369.90 Td (discount ) Tj ET Q q 0 0 0 rg BT 424.65 369.90 Td (and ) Tj ET Q q 0 0 0 rg BT 439.81 369.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 487.02 369.90 Td (rates.) 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 31.95 Td (Page 1) Tj ET Q q 0 0 0 rg BT 315.35 31.95 Td (1) 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 49.50 722.90 Td (SUMMAR) Tj ET Q q 0 0 0 rg BT 84.26 722.90 Td (Y) Tj ET Q q 0 0 0 rg BT 89.32 722.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.49 722.90 Td (OF ) Tj ET Q q 0 0 0 rg BT 104.47 722.90 Td (RESUL) Tj ET Q q 0 0 0 rg BT 130.30 722.90 Td (TS ) Tj ET Q q 0 0 0 rg BT 142.42 722.90 Td (OF ) Tj ET Q q 0 0 0 rg BT 155.41 722.90 Td (OPERA) Tj ET Q q 0 0 0 rg BT 182.54 722.90 Td (TIONS) 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 65.09 705.50 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 705.50 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 705.50 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 705.50 Td (summary ) Tj ET Q q 0 0 0 rg BT 146.06 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 154.72 705.50 Td (the ) Tj ET Q q 0 0 0 rg BT 167.72 705.50 Td (results ) Tj ET Q q 0 0 0 rg BT 192.84 705.50 Td (of ) Tj ET Q q 0 0 0 rg BT 201.50 705.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 240.05 705.50 Td (for ) Tj ET Q q 0 0 0 rg BT 251.31 705.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 264.31 705.50 Td (three ) Tj ET Q q 0 0 0 rg BT 284.23 705.50 Td (and ) Tj ET Q q 0 0 0 rg BT 299.39 705.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 316.29 705.50 Td (months ) Tj ET Q q 0 0 0 rg BT 344.01 705.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 367.83 705.50 Td (September ) Tj ET Q q 0 0 0 rg BT 408.11 705.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 421.11 705.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.44 705.50 Td ( ) Tj ET Q q 0 0 0 rg BT 440.60 705.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.77 705.50 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 473.10 705.50 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 689 m 266 689 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 689 m 338 689 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 689 m 410 689 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 689 m 482 689 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 689 m 554 689 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 660 m 266 660 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 660 m 338 660 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 660 m 410 660 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 660 m 482 660 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 660 m 554 660 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 660 m 338 660 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 495 m 482 495 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 495 m 554 495 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 495 m 266 495 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 495 m 338 495 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 495 m 410 495 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 495 m 482 495 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 495 m 554 495 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 450 m 266 450 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 450 m 338 450 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 450 m 410 450 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 450 m 482 450 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 450 m 554 450 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 435 m 266 435 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 435 m 338 435 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 435 m 410 435 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 435 m 482 435 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 435 m 554 435 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 411 m 266 411 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 411 m 338 411 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 411 m 410 411 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 411 m 482 411 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 411 m 554 411 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 399 m 266 399 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 399 m 338 399 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 411 m 410 411 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 399 m 410 399 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 411 m 482 411 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 399 m 482 399 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 411 m 554 411 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 399 m 554 399 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 678.53 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 678.53 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 664.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 664.53 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 664.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 664.53 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 650.58 Td (Rental revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 649.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 649.58 Td (31,330) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 649.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 649.53 Td (29,133) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 649.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 649.53 Td (87,096) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 649.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 649.53 Td (57,604) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 635.58 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.45 634.53 Td (\(16,362) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 634.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.45 634.53 Td (\(14,808) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 634.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.45 634.53 Td (\(46,658) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 634.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.45 634.53 Td (\(27,649) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 634.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 620.58 Td (Income from equity accounted investment) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.10 619.58 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 619.53 Td (107) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.10 619.53 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 619.53 Td (2,547) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 605.58 Td (Finance income on finance lease receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 604.53 Td (1,006) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 604.53 Td (518) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 604.53 Td (3,043) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 604.53 Td (691) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 590.58 Td (Interest income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.20 589.53 Td (20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 589.53 Td (286) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 470.20 589.53 Td (50) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 589.53 Td (682) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 575.58 Td (Interest and finance costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.80 574.58 Td (\(5,005) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 574.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.80 574.53 Td (\(4,510) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 574.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.45 574.53 Td (\(13,638) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 574.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.45 574.53 Td (\(10,105) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 574.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 560.58 Td (General and administrative) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.80 559.58 Td (\(1,168) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 559.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.80 559.53 Td (\(1,121) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 559.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.80 559.53 Td (\(3,130) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 559.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 559.53 Td (\(2,512) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 559.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 545.58 Td (Change in fair value of investment properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.80 544.58 Td (\(1,497) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 544.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.30 544.53 Td (\(332) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 544.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 544.53 Td (6,911) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 544.53 Td (\(7,871) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 544.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 530.58 Td (Change in fair value of financial instruments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.20 529.53 Td (96) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.30 529.53 Td (\(779) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 529.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.30 529.53 Td (\(962) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 529.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 529.53 Td (3,291) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 515.58 Td (Depreciation of hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.30 514.58 Td (\(149) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 514.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 514.53 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.30 514.53 Td (\(428) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 514.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 514.53 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 500.58 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.60 499.58 Td (\(15) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 499.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.80 499.53 Td (\(1,495) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 499.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.30 499.53 Td (\(221) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 499.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 499.53 Td (\(1,723) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 499.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 485.58 Td (Net income before Class B LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 484.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 484.53 Td (8,256) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 484.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 484.53 Td (6,999) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 484.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 484.53 Td (32,063) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 484.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 484.53 Td (14,955) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 470.58 Td (Change in fair value of Class B LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.80 470.63 Td (\(4,281) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 470.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.80 470.58 Td (\(1,218) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 470.58 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.80 470.58 Td (\(7,241) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 470.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 470.58 Td (1,979) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 455.58 Td (Distributions to Class B LP unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.30 455.63 Td (\(991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 455.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.30 455.58 Td (\(951) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 455.58 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.80 455.58 Td (\(2,973) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 455.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 455.58 Td (\(2,854) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 455.58 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 440.58 Td (Net income and comprehensive income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 440.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 440.58 Td (2,984) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 440.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 440.58 Td (4,830) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 440.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 440.58 Td (21,849) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 440.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 440.58 Td (14,080) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 425.58 Td (Attributed to unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 425.58 Td (2,984) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 425.58 Td (4,750) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.05 425.58 Td (21,849) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 425.58 Td (14,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 413.58 Td (Attributed to non-controlling interests) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.10 413.63 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.20 413.58 Td (80) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.10 413.58 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.20 413.58 Td (80) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 401.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 401.58 Td (2,984) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 401.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 401.58 Td (4,830) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.50 401.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.05 401.58 Td (21,849) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 401.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 401.58 Td (14,080) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (NET ) Tj ET Q q 0 0 0 rg BT 67.24 382.10 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 100.57 382.10 Td (BEFORE ) Tj ET Q q 0 0 0 rg BT 135.19 382.10 Td (CLASS ) Tj ET Q q 0 0 0 rg BT 163.75 382.10 Td (B ) Tj ET Q q 0 0 0 rg BT 171.54 382.10 Td (LP) Tj ET Q q 0 0 0 rg BT 181.36 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.53 382.10 Td (UNITS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 364.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 64.07 364.70 Td (income ) Tj ET Q q 0 0 0 rg BT 91.63 364.70 Td (before ) Tj ET Q q 0 0 0 rg BT 116.16 364.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 138.08 364.70 Td (B ) Tj ET Q q 0 0 0 rg BT 145.72 364.70 Td (LP) Tj ET Q q 0 0 0 rg BT 155.12 364.70 Td ( ) Tj ET Q q 0 0 0 rg BT 157.56 364.70 Td (units ) Tj ET Q q 0 0 0 rg BT 176.46 364.70 Td (is ) Tj ET Q q 0 0 0 rg BT 184.54 364.70 Td (an ) Tj ET Q q 0 0 0 rg BT 195.65 364.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 215.83 364.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 248.59 364.70 Td (that ) Tj ET Q q 0 0 0 rg BT 264.03 364.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 303.28 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 316.56 364.70 Td (change ) Tj ET Q q 0 0 0 rg BT 344.56 364.70 Td (in ) Tj ET Q q 0 0 0 rg BT 353.07 364.70 Td (net ) Tj ET Q q 0 0 0 rg BT 366.35 364.70 Td (income, ) Tj ET Q q 0 0 0 rg BT 396.07 364.70 Td (before ) Tj ET Q q 0 0 0 rg BT 420.61 364.70 Td (the ) Tj ET Q q 0 0 0 rg BT 433.89 364.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 459.28 364.70 Td (of ) Tj ET Q q 0 0 0 rg BT 468.22 364.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 481.49 364.70 Td (value ) Tj ET Q q 0 0 0 rg BT 502.56 364.70 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 547.01 364.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 353.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 71.24 353.30 Td (B ) Tj ET Q q 0 0 0 rg BT 78.70 353.30 Td (LP) Tj ET Q q 0 0 0 rg BT 88.09 353.30 Td ( ) Tj ET Q q 0 0 0 rg BT 90.35 353.30 Td (units ) Tj ET Q q 0 0 0 rg BT 109.08 353.30 Td (and ) Tj ET Q q 0 0 0 rg BT 124.34 353.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 168.17 353.30 Td (to ) Tj ET Q q 0 0 0 rg BT 176.93 353.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 198.67 353.30 Td (B ) Tj ET Q q 0 0 0 rg BT 206.13 353.30 Td (LP) Tj ET Q q 0 0 0 rg BT 215.53 353.30 Td ( ) Tj ET Q q 0 0 0 rg BT 217.79 353.30 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 258.16 353.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 291.17 353.30 Td (in ) Tj ET Q q 0 0 0 rg BT 299.50 353.30 Td (net ) Tj ET Q q 0 0 0 rg BT 312.59 353.30 Td (income. ) Tj ET Q q 0 0 0 rg BT 342.14 353.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 389.87 353.30 Td (uses ) Tj ET Q q 0 0 0 rg BT 408.59 353.30 Td (and ) Tj ET Q q 0 0 0 rg BT 423.85 353.30 Td (believes ) Tj ET Q q 0 0 0 rg BT 454.70 353.30 Td (that ) Tj ET Q q 0 0 0 rg BT 469.96 353.30 Td (this ) Tj ET Q q 0 0 0 rg BT 484.35 353.30 Td (metric ) Tj ET Q q 0 0 0 rg BT 507.82 353.30 Td (is ) Tj ET Q q 0 0 0 rg BT 515.71 353.30 Td (valuable ) Tj ET Q q 0 0 0 rg BT 546.99 353.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 341.90 Td (users ) Tj ET Q q 0 0 0 rg BT 71.07 341.90 Td (to ) Tj ET Q q 0 0 0 rg BT 80.09 341.90 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 112.07 341.90 Td (net ) Tj ET Q q 0 0 0 rg BT 125.43 341.90 Td (income ) Tj ET Q q 0 0 0 rg BT 153.06 341.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 171.17 341.90 Td (to ) Tj ET Q q 0 0 0 rg BT 180.19 341.90 Td (all ) Tj ET Q q 0 0 0 rg BT 190.50 341.90 Td (residual ) Tj ET Q q 0 0 0 rg BT 220.31 341.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 243.62 341.90 Td (holders, ) Tj ET Q q 0 0 0 rg BT 273.86 341.90 Td (as ) Tj ET Q q 0 0 0 rg BT 284.61 341.90 Td (the ) Tj ET Q q 0 0 0 rg BT 297.96 341.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 319.96 341.90 Td (B ) Tj ET Q q 0 0 0 rg BT 327.68 341.90 Td (LP) Tj ET Q q 0 0 0 rg BT 337.07 341.90 Td ( ) Tj ET Q q 0 0 0 rg BT 339.59 341.90 Td (units ) Tj ET Q q 0 0 0 rg BT 358.57 341.90 Td (are ) Tj ET Q q 0 0 0 rg BT 372.35 341.90 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 423.39 341.90 Td (into ) Tj ET Q q 0 0 0 rg BT 438.48 341.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 456.09 341.90 Td ( ) Tj ET Q q 0 0 0 rg BT 458.61 341.90 Td (units ) Tj ET Q q 0 0 0 rg BT 477.59 341.90 Td (and ) Tj ET Q q 0 0 0 rg BT 493.11 341.90 Td (are ) Tj ET Q q 0 0 0 rg BT 506.89 341.90 Td (in ) Tj ET Q q 0 0 0 rg BT 515.47 341.90 Td (all ) Tj ET Q q 0 0 0 rg BT 525.79 341.90 Td (material ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 330.50 Td (respects ) Tj ET Q q 0 0 0 rg BT 81.11 330.50 Td (economically ) Tj ET Q q 0 0 0 rg BT 128.31 330.50 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 166.00 330.50 Td (to ) Tj ET Q q 0 0 0 rg BT 174.66 330.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 192.27 330.50 Td ( ) Tj ET Q q 0 0 0 rg BT 194.44 330.50 Td (units. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 63.74 313.10 Td (income ) Tj ET Q q 0 0 0 rg BT 90.97 313.10 Td (before ) Tj ET Q q 0 0 0 rg BT 115.17 313.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 136.77 313.10 Td (B ) Tj ET Q q 0 0 0 rg BT 144.08 313.10 Td (LP) Tj ET Q q 0 0 0 rg BT 153.47 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.59 313.10 Td (units ) Tj ET Q q 0 0 0 rg BT 174.16 313.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.37 313.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 198.32 313.10 Td (three ) Tj ET Q q 0 0 0 rg BT 218.19 313.10 Td (months ) Tj ET Q q 0 0 0 rg BT 245.85 313.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 269.63 313.10 Td (September ) Tj ET Q q 0 0 0 rg BT 309.86 313.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 322.80 313.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.13 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.25 313.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 358.22 313.10 Td ($8.3 ) Tj ET Q q 0 0 0 rg BT 375.50 313.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.57 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.69 313.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 436.45 313.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 445.06 313.10 Td ($7.0 ) Tj ET Q q 0 0 0 rg BT 462.34 313.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.42 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.53 313.10 Td (for ) Tj ET Q q 0 0 0 rg BT 497.74 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.69 313.10 Td (same ) Tj ET Q q 0 0 0 rg BT 531.86 313.10 Td (period ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 301.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 56.97 301.70 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 74.30 301.70 Td (. ) Tj ET Q q 0 0 0 rg BT 77.88 301.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 91.41 301.70 Td (income ) Tj ET Q q 0 0 0 rg BT 117.94 301.70 Td (before ) Tj ET Q q 0 0 0 rg BT 141.44 301.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 162.32 301.70 Td (B ) Tj ET Q q 0 0 0 rg BT 168.93 301.70 Td (LP) Tj ET Q q 0 0 0 rg BT 178.32 301.70 Td ( ) Tj ET Q q 0 0 0 rg BT 179.73 301.70 Td (units ) Tj ET Q q 0 0 0 rg BT 197.60 301.70 Td (for ) Tj ET Q q 0 0 0 rg BT 208.10 301.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 220.35 301.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 236.48 301.70 Td (months ) Tj ET Q q 0 0 0 rg BT 263.44 301.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 286.52 301.70 Td (September ) Tj ET Q q 0 0 0 rg BT 326.03 301.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 338.28 301.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 355.61 301.70 Td ( ) Tj ET Q q 0 0 0 rg BT 357.02 301.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.42 301.70 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 388.75 301.70 Td ( ) Tj ET Q q 0 0 0 rg BT 390.16 301.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.43 301.70 Td ($32.1 ) Tj ET Q q 0 0 0 rg BT 426.33 301.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 448.41 301.70 Td ( ) Tj ET Q q 0 0 0 rg BT 449.82 301.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 464.23 301.70 Td ($15.0 ) Tj ET Q q 0 0 0 rg BT 485.13 301.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 507.21 301.70 Td (, ) Tj ET Q q 0 0 0 rg BT 510.79 301.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 551.35 301.70 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 290.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.59 290.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 89.91 290.30 Td (net ) Tj ET Q q 0 0 0 rg BT 103.40 290.30 Td (income ) Tj ET Q q 0 0 0 rg BT 131.18 290.30 Td (before ) Tj ET Q q 0 0 0 rg BT 155.93 290.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 178.07 290.30 Td (B ) Tj ET Q q 0 0 0 rg BT 185.93 290.30 Td (LP) Tj ET Q q 0 0 0 rg BT 195.33 290.30 Td ( ) Tj ET Q q 0 0 0 rg BT 197.99 290.30 Td (units ) Tj ET Q q 0 0 0 rg BT 217.11 290.30 Td (for ) Tj ET Q q 0 0 0 rg BT 228.87 290.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 242.36 290.30 Td (three ) Tj ET Q q 0 0 0 rg BT 262.78 290.30 Td (months ) Tj ET Q q 0 0 0 rg BT 291.00 290.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 315.32 290.30 Td (September ) Tj ET Q q 0 0 0 rg BT 356.09 290.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 369.59 290.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.92 290.30 Td ( ) Tj ET Q q 0 0 0 rg BT 389.58 290.30 Td (was ) Tj ET Q q 0 0 0 rg BT 406.10 290.30 Td (due ) Tj ET Q q 0 0 0 rg BT 421.76 290.30 Td (to ) Tj ET Q q 0 0 0 rg BT 430.92 290.30 Td (a ) Tj ET Q q 0 0 0 rg BT 437.92 290.30 Td (slight ) Tj ET Q q 0 0 0 rg BT 458.77 290.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 490.88 290.30 Td (in ) Tj ET Q q 0 0 0 rg BT 499.61 290.30 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 518.29 290.30 Td (as ) Tj ET Q q 0 0 0 rg BT 529.18 290.30 Td (well ) Tj ET Q q 0 0 0 rg BT 545.26 290.30 Td (as ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 278.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 85.53 278.90 Td (income ) Tj ET Q q 0 0 0 rg BT 112.90 278.90 Td (on ) Tj ET Q q 0 0 0 rg BT 123.81 278.90 Td (the ) Tj ET Q q 0 0 0 rg BT 136.89 278.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 164.27 278.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 185.14 278.90 Td (receivable ) Tj ET Q q 0 0 0 rg BT 222.90 278.90 Td (and ) Tj ET Q q 0 0 0 rg BT 238.15 278.90 Td (decreased ) Tj ET Q q 0 0 0 rg BT 276.79 278.90 Td (disposition ) Tj ET Q q 0 0 0 rg BT 315.85 278.90 Td (costs, ) Tj ET Q q 0 0 0 rg BT 338.46 278.90 Td (of) Tj ET Q q 0 0 0 rg BT 344.82 278.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 359.63 278.90 Td (by ) Tj ET Q q 0 0 0 rg BT 370.11 278.90 Td (an ) Tj ET Q q 0 0 0 rg BT 381.03 278.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 412.73 278.90 Td (in ) Tj ET Q q 0 0 0 rg BT 421.04 278.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 448.84 278.90 Td (and ) Tj ET Q q 0 0 0 rg BT 464.09 278.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 491.47 278.90 Td (costs. ) Tj ET Q q 0 0 0 rg BT 514.07 278.90 Td ( ) Tj ET Q q 0 0 0 rg BT 516.18 278.90 Td (The ) Tj ET Q q 0 0 0 rg BT 531.86 278.90 Td (higher ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 267.50 Td (net ) Tj ET Q q 0 0 0 rg BT 63.00 267.50 Td (income ) Tj ET Q q 0 0 0 rg BT 90.79 267.50 Td (before ) Tj ET Q q 0 0 0 rg BT 115.55 267.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 137.69 267.50 Td (B ) Tj ET Q q 0 0 0 rg BT 145.56 267.50 Td (LP) Tj ET Q q 0 0 0 rg BT 154.95 267.50 Td ( ) Tj ET Q q 0 0 0 rg BT 157.62 267.50 Td (units ) Tj ET Q q 0 0 0 rg BT 176.75 267.50 Td (for ) Tj ET Q q 0 0 0 rg BT 188.51 267.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 202.01 267.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 219.41 267.50 Td (months ) Tj ET Q q 0 0 0 rg BT 247.63 267.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 271.96 267.50 Td (September ) Tj ET Q q 0 0 0 rg BT 312.74 267.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 326.24 267.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 343.57 267.50 Td ( ) Tj ET Q q 0 0 0 rg BT 346.24 267.50 Td (was ) Tj ET Q q 0 0 0 rg BT 362.76 267.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 394.86 267.50 Td (due ) Tj ET Q q 0 0 0 rg BT 410.53 267.50 Td (to ) Tj ET Q q 0 0 0 rg BT 419.70 267.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 451.82 267.50 Td (in ) Tj ET Q q 0 0 0 rg BT 460.55 267.50 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 479.24 267.50 Td (as ) Tj ET Q q 0 0 0 rg BT 490.14 267.50 Td (well ) Tj ET Q q 0 0 0 rg BT 506.22 267.50 Td (as ) Tj ET Q q 0 0 0 rg BT 517.12 267.50 Td (decreased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 88.48 256.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 108.83 256.10 Td (for ) Tj ET Q q 0 0 0 rg BT 120.09 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.09 256.10 Td (period. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 238.70 Td (NET ) Tj ET Q q 0 0 0 rg BT 67.24 238.70 Td (INCOME) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 221.30 Td (For ) Tj ET Q q 0 0 0 rg BT 63.04 221.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.74 221.30 Td (three ) Tj ET Q q 0 0 0 rg BT 95.35 221.30 Td (months ) Tj ET Q q 0 0 0 rg BT 122.76 221.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 146.29 221.30 Td (September ) Tj ET Q q 0 0 0 rg BT 186.25 221.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 198.94 221.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 216.27 221.30 Td (, ) Tj ET Q q 0 0 0 rg BT 220.30 221.30 Td (net ) Tj ET Q q 0 0 0 rg BT 232.99 221.30 Td (income ) Tj ET Q q 0 0 0 rg BT 259.97 221.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 275.68 221.30 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 292.70 221.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.78 221.30 Td (, ) Tj ET Q q 0 0 0 rg BT 318.80 221.30 Td (representing ) Tj ET Q q 0 0 0 rg BT 363.97 221.30 Td (a ) Tj ET Q q 0 0 0 rg BT 370.16 221.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 404.07 221.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.43 221.30 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 429.46 221.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.53 221.30 Td ( ) Tj ET Q q 0 0 0 rg BT 453.39 221.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 489.89 221.30 Td (to ) Tj ET Q q 0 0 0 rg BT 498.25 221.30 Td (the ) Tj ET Q q 0 0 0 rg BT 510.94 221.30 Td (same ) Tj ET Q q 0 0 0 rg BT 531.86 221.30 Td (period ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 209.90 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 57.74 209.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.07 209.90 Td (. ) Tj ET Q q 0 0 0 rg BT 79.27 209.90 Td (This ) Tj ET Q q 0 0 0 rg BT 96.16 209.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 130.38 209.90 Td (was ) Tj ET Q q 0 0 0 rg BT 146.41 209.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 178.01 209.90 Td (due ) Tj ET Q q 0 0 0 rg BT 193.18 209.90 Td (to ) Tj ET Q q 0 0 0 rg BT 201.85 209.90 Td (the ) Tj ET Q q 0 0 0 rg BT 214.86 209.90 Td (change ) Tj ET Q q 0 0 0 rg BT 242.59 209.90 Td (in ) Tj ET Q q 0 0 0 rg BT 250.82 209.90 Td (net ) Tj ET Q q 0 0 0 rg BT 263.83 209.90 Td (income ) Tj ET Q q 0 0 0 rg BT 291.12 209.90 Td (before ) Tj ET Q q 0 0 0 rg BT 315.38 209.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 337.03 209.90 Td (B ) Tj ET Q q 0 0 0 rg BT 344.40 209.90 Td (LP) Tj ET Q q 0 0 0 rg BT 353.79 209.90 Td ( ) Tj ET Q q 0 0 0 rg BT 355.96 209.90 Td (units ) Tj ET Q q 0 0 0 rg BT 374.59 209.90 Td (described ) Tj ET Q q 0 0 0 rg BT 410.55 209.90 Td (above, ) Tj ET Q q 0 0 0 rg BT 436.11 209.90 Td (together ) Tj ET Q q 0 0 0 rg BT 466.87 209.90 Td (with ) Tj ET Q q 0 0 0 rg BT 482.90 209.90 Td (a ) Tj ET Q q 0 0 0 rg BT 489.40 209.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 505.43 209.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 514.10 209.90 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 531.44 209.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 198.50 Td (as ) Tj ET Q q 0 0 0 rg BT 60.22 198.50 Td (a ) Tj ET Q q 0 0 0 rg BT 67.04 198.50 Td (result ) Tj ET Q q 0 0 0 rg BT 88.58 198.50 Td (of ) Tj ET Q q 0 0 0 rg BT 97.57 198.50 Td (an ) Tj ET Q q 0 0 0 rg BT 108.72 198.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 140.66 198.50 Td (in ) Tj ET Q q 0 0 0 rg BT 149.21 198.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 162.52 198.50 Td (value ) Tj ET Q q 0 0 0 rg BT 183.64 198.50 Td (of ) Tj ET Q q 0 0 0 rg BT 192.63 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 205.95 198.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 227.91 198.50 Td (B ) Tj ET Q q 0 0 0 rg BT 235.60 198.50 Td (LP) Tj ET Q q 0 0 0 rg BT 244.99 198.50 Td ( ) Tj ET Q q 0 0 0 rg BT 247.48 198.50 Td (units, ) Tj ET Q q 0 0 0 rg BT 268.60 198.50 Td (which ) Tj ET Q q 0 0 0 rg BT 291.00 198.50 Td (are ) Tj ET Q q 0 0 0 rg BT 304.75 198.50 Td (directly ) Tj ET Q q 0 0 0 rg BT 331.91 198.50 Td (correlated ) Tj ET Q q 0 0 0 rg BT 369.05 198.50 Td (with ) Tj ET Q q 0 0 0 rg BT 385.39 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 398.71 198.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 430.64 198.50 Td (in ) Tj ET Q q 0 0 0 rg BT 439.20 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 452.52 198.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 467.57 198.50 Td (price ) Tj ET Q q 0 0 0 rg BT 486.94 198.50 Td (of ) Tj ET Q q 0 0 0 rg BT 495.93 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 509.25 198.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 534.87 198.50 Td (units. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 187.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 71.14 187.10 Td (B ) Tj ET Q q 0 0 0 rg BT 78.51 187.10 Td (LP) Tj ET Q q 0 0 0 rg BT 87.90 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.07 187.10 Td (units ) Tj ET Q q 0 0 0 rg BT 108.69 187.10 Td (are ) Tj ET Q q 0 0 0 rg BT 122.12 187.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 155.03 187.10 Td (as ) Tj ET Q q 0 0 0 rg BT 165.42 187.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.92 187.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 197.47 187.10 Td (by ) Tj ET Q q 0 0 0 rg BT 207.87 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.86 187.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 237.74 187.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.08 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.24 187.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 289.27 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.94 187.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 319.58 187.10 Td (B ) Tj ET Q q 0 0 0 rg BT 326.94 187.10 Td (LP) Tj ET Q q 0 0 0 rg BT 336.34 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.50 187.10 Td (units ) Tj ET Q q 0 0 0 rg BT 357.13 187.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 391.77 187.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 429.02 187.10 Td (with ) Tj ET Q q 0 0 0 rg BT 445.04 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.04 187.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 502.64 187.10 Td (period.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 169.70 Td (For ) Tj ET Q q 0 0 0 rg BT 62.91 169.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.47 169.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 91.93 169.70 Td (months ) Tj ET Q q 0 0 0 rg BT 119.21 169.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 142.60 169.70 Td (September ) Tj ET Q q 0 0 0 rg BT 182.43 169.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 194.99 169.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 212.32 169.70 Td (, ) Tj ET Q q 0 0 0 rg BT 216.21 169.70 Td (net ) Tj ET Q q 0 0 0 rg BT 228.77 169.70 Td (income ) Tj ET Q q 0 0 0 rg BT 255.61 169.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 271.19 169.70 Td ($21.8 ) Tj ET Q q 0 0 0 rg BT 292.42 169.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.49 169.70 Td (, ) Tj ET Q q 0 0 0 rg BT 318.39 169.70 Td (representing ) Tj ET Q q 0 0 0 rg BT 363.42 169.70 Td (an ) Tj ET Q q 0 0 0 rg BT 373.82 169.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 404.99 169.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 413.22 169.70 Td ($7.8 ) Tj ET Q q 0 0 0 rg BT 430.11 169.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.18 169.70 Td ( ) Tj ET Q q 0 0 0 rg BT 453.91 169.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 490.28 169.70 Td (to ) Tj ET Q q 0 0 0 rg BT 498.51 169.70 Td (the ) Tj ET Q q 0 0 0 rg BT 511.07 169.70 Td (same ) Tj ET Q q 0 0 0 rg BT 531.85 169.70 Td (period ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 158.30 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 57.45 158.30 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 74.78 158.30 Td (. ) Tj ET Q q 0 0 0 rg BT 78.73 158.30 Td (This ) Tj ET Q q 0 0 0 rg BT 95.34 158.30 Td (change ) Tj ET Q q 0 0 0 rg BT 122.79 158.30 Td (is ) Tj ET Q q 0 0 0 rg BT 130.30 158.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 161.63 158.30 Td (due ) Tj ET Q q 0 0 0 rg BT 176.51 158.30 Td (to ) Tj ET Q q 0 0 0 rg BT 184.91 158.30 Td (the ) Tj ET Q q 0 0 0 rg BT 197.63 158.30 Td (change ) Tj ET Q q 0 0 0 rg BT 225.08 158.30 Td (in ) Tj ET Q q 0 0 0 rg BT 233.03 158.30 Td (net ) Tj ET Q q 0 0 0 rg BT 245.76 158.30 Td (income ) Tj ET Q q 0 0 0 rg BT 272.76 158.30 Td (before ) Tj ET Q q 0 0 0 rg BT 296.74 158.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 318.11 158.30 Td (B ) Tj ET Q q 0 0 0 rg BT 325.20 158.30 Td (LP) Tj ET Q q 0 0 0 rg BT 334.59 158.30 Td ( ) Tj ET Q q 0 0 0 rg BT 336.49 158.30 Td (units ) Tj ET Q q 0 0 0 rg BT 354.84 158.30 Td (described ) Tj ET Q q 0 0 0 rg BT 390.51 158.30 Td (above, ) Tj ET Q q 0 0 0 rg BT 415.79 158.30 Td (of) Tj ET Q q 0 0 0 rg BT 422.16 158.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 436.61 158.30 Td (by ) Tj ET Q q 0 0 0 rg BT 446.73 158.30 Td (a ) Tj ET Q q 0 0 0 rg BT 452.95 158.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 468.70 158.30 Td (of ) Tj ET Q q 0 0 0 rg BT 477.09 158.30 Td ($7.2 ) Tj ET Q q 0 0 0 rg BT 494.15 158.30 Td (million ) Tj ET Q q 0 0 0 rg BT 518.12 158.30 Td (as ) Tj ET Q q 0 0 0 rg BT 528.24 158.30 Td (a ) Tj ET Q q 0 0 0 rg BT 534.46 158.30 Td (result ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 146.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.17 146.90 Td (an ) Tj ET Q q 0 0 0 rg BT 69.00 146.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 100.61 146.90 Td (in ) Tj ET Q q 0 0 0 rg BT 108.84 146.90 Td (the ) Tj ET Q q 0 0 0 rg BT 121.84 146.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 134.83 146.90 Td (value ) Tj ET Q q 0 0 0 rg BT 155.62 146.90 Td (of ) Tj ET Q q 0 0 0 rg BT 164.28 146.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 185.93 146.90 Td (B ) Tj ET Q q 0 0 0 rg BT 193.29 146.90 Td (units.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 129.50 Td (NET ) Tj ET Q q 0 0 0 rg BT 67.24 129.50 Td (OPERA) Tj ET Q q 0 0 0 rg BT 94.37 129.50 Td (TING ) Tj ET Q q 0 0 0 rg BT 115.15 129.50 Td (INCOME) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 63.48 112.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 97.82 112.10 Td (income ) Tj ET Q q 0 0 0 rg BT 124.80 112.10 Td (\("NOI"\) ) Tj ET Q q 0 0 0 rg BT 151.22 112.10 Td (is ) Tj ET Q q 0 0 0 rg BT 158.71 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.90 112.10 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 200.09 112.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 232.26 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.12 112.10 Td (is ) Tj ET Q q 0 0 0 rg BT 254.60 112.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 282.02 112.10 Td (by ) Tj ET Q q 0 0 0 rg BT 292.11 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.80 112.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 322.41 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.27 112.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.36 112.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 355.70 112.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 387.88 112.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 422.66 112.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 456.56 112.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 498.69 112.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 513.98 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.83 112.10 Td (leasing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 100.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 69.75 100.70 Td (amortized ) Tj ET Q q 0 0 0 rg BT 106.01 100.70 Td (to ) Tj ET Q q 0 0 0 rg BT 114.57 100.70 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 146.95 100.70 Td (less ) Tj ET Q q 0 0 0 rg BT 162.86 100.70 Td (property ) Tj ET Q q 0 0 0 rg BT 193.50 100.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 228.04 100.70 Td (costs. ) Tj ET Q q 0 0 0 rg BT 250.46 100.70 Td (Rental ) Tj ET Q q 0 0 0 rg BT 275.03 100.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 305.24 100.70 Td (for ) Tj ET Q q 0 0 0 rg BT 316.39 100.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 350.50 100.70 Td (of ) Tj ET Q q 0 0 0 rg BT 359.06 100.70 Td (measuring ) Tj ET Q q 0 0 0 rg BT 397.49 100.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 413.40 100.70 Td (excludes ) Tj ET Q q 0 0 0 rg BT 446.21 100.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 476.42 100.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 509.22 100.70 Td (as ) Tj ET Q q 0 0 0 rg BT 519.51 100.70 Td (a ) Tj ET Q q 0 0 0 rg BT 525.90 100.70 Td (result ) Tj ET Q q 0 0 0 rg BT 547.01 100.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 89.30 Td (determining ) Tj ET Q q 0 0 0 rg BT 92.57 89.30 Td (rent ) Tj ET Q q 0 0 0 rg BT 108.37 89.30 Td (on ) Tj ET Q q 0 0 0 rg BT 119.40 89.30 Td (a ) Tj ET Q q 0 0 0 rg BT 126.10 89.30 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 168.74 89.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 189.29 89.30 Td (and ) Tj ET Q q 0 0 0 rg BT 204.66 89.30 Td (the ) Tj ET Q q 0 0 0 rg BT 217.86 89.30 Td (amortization ) Tj ET Q q 0 0 0 rg BT 262.66 89.30 Td (of ) Tj ET Q q 0 0 0 rg BT 271.53 89.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 298.58 89.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 319.14 89.30 Td (in ) Tj ET Q q 0 0 0 rg BT 327.57 89.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 358.09 89.30 Td (for ) Tj ET Q q 0 0 0 rg BT 369.55 89.30 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 391.83 89.30 Td (which ) Tj ET Q q 0 0 0 rg BT 414.11 89.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 461.95 89.30 Td (believes ) Tj ET Q q 0 0 0 rg BT 492.90 89.30 Td (better ) Tj ET Q q 0 0 0 rg BT 515.19 89.30 Td (reflects ) Tj ET Q q 0 0 0 rg BT 542.68 89.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 77.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 68.27 77.90 Td (generation ) Tj ET Q q 0 0 0 rg BT 107.40 77.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 133.54 77.90 Td (of ) Tj ET Q q 0 0 0 rg BT 142.35 77.90 Td (the ) Tj ET Q q 0 0 0 rg BT 155.49 77.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 180.94 77.90 Td (properties. ) Tj ET Q q 0 0 0 rg BT 220.07 77.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 236.23 77.90 Td (is ) Tj ET Q q 0 0 0 rg BT 244.17 77.90 Td (an ) Tj ET Q q 0 0 0 rg BT 255.15 77.90 Td (important ) Tj ET Q q 0 0 0 rg BT 289.94 77.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 322.57 77.90 Td (of ) Tj ET Q q 0 0 0 rg BT 331.38 77.90 Td (the ) Tj ET Q q 0 0 0 rg BT 344.53 77.90 Td (income ) Tj ET Q q 0 0 0 rg BT 371.96 77.90 Td (generated ) Tj ET Q q 0 0 0 rg BT 409.36 77.90 Td (from ) Tj ET Q q 0 0 0 rg BT 427.25 77.90 Td (the ) Tj ET Q q 0 0 0 rg BT 440.40 77.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 465.85 77.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 502.81 77.90 Td (and ) Tj ET Q q 0 0 0 rg BT 518.12 77.90 Td (is ) Tj ET Q q 0 0 0 rg BT 526.06 77.90 Td (used ) Tj ET Q q 0 0 0 rg BT 545.27 77.90 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 66.50 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 66.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 80.11 66.50 Td ( ) Tj ET Q q 0 0 0 rg BT 82.27 66.50 Td (in ) Tj ET Q q 0 0 0 rg BT 90.50 66.50 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 128.19 66.50 Td (the ) Tj ET Q q 0 0 0 rg BT 141.19 66.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 187.09 66.50 Td (of ) Tj ET Q q 0 0 0 rg BT 195.75 66.50 Td (its ) Tj ET Q q 0 0 0 rg BT 205.71 66.50 Td (properties. ) 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 /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 (NOI ) Tj ET Q q 0 0 0 rg BT 175.52 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 186.78 742.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 199.78 742.10 Td (three ) Tj ET Q q 0 0 0 rg BT 219.70 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.87 742.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 251.76 742.10 Td (months ) Tj ET Q q 0 0 0 rg BT 279.48 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 303.31 742.10 Td (September ) Tj ET Q q 0 0 0 rg BT 343.58 742.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 356.58 742.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.91 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.08 742.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.24 742.10 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 408.57 742.10 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 731.6 m 265 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 731.6 m 337 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 731.6 m 409 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 731.6 m 481 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 731.6 m 553 731.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 702.6 m 337 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 702.6 m 265 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 702.6 m 337 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 702.6 m 409 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 702.6 m 481 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 702.6 m 553 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 657.6 m 265 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 642.6 m 265 642.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 657.6 m 337 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 642.6 m 337 642.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 657.6 m 409 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 642.6 m 409 642.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 657.6 m 481 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 642.6 m 481 642.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 657.6 m 553 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 642.6 m 553 642.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.30 721.13 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.65 721.13 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.15 707.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 388.15 707.13 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.15 707.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 707.13 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 692.13 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 692.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 692.18 Td (31,330) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 692.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.05 692.13 Td (29,133) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 692.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 692.13 Td (87,096) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 692.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 692.13 Td (57,604) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 677.13 Td (Operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 307.45 677.13 Td (\(16,362) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 677.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.45 677.13 Td (\(14,808) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 677.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.45 677.13 Td (\(46,658) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 677.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 523.45 677.13 Td (\(27,649) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 677.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 662.13 Td (Straight-line rents and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.30 662.18 Td (\(522) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 662.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.30 662.13 Td (\(438) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 662.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.80 662.13 Td (\(1,458) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 662.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 662.13 Td (\(1,309) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 662.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 647.13 Td (Net operating income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 647.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 647.18 Td (14,446) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 647.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.05 647.13 Td (13,887) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 647.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 647.13 Td (38,980) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 647.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 647.13 Td (28,646) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 625.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.94 625.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 96.39 625.70 Td (in ) Tj ET Q q 0 0 0 rg BT 104.47 625.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 120.33 625.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 128.84 625.70 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 146.02 625.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 168.09 625.70 Td ( ) Tj ET Q q 0 0 0 rg BT 170.10 625.70 Td (for ) Tj ET Q q 0 0 0 rg BT 181.21 625.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 194.05 625.70 Td (three ) Tj ET Q q 0 0 0 rg BT 213.82 625.70 Td (months ) Tj ET Q q 0 0 0 rg BT 241.38 625.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 265.05 625.70 Td (September ) Tj ET Q q 0 0 0 rg BT 305.17 625.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 318.02 625.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 335.35 625.70 Td ( ) Tj ET Q q 0 0 0 rg BT 337.36 625.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 374.01 625.70 Td (to ) Tj ET Q q 0 0 0 rg BT 382.52 625.70 Td (the ) Tj ET Q q 0 0 0 rg BT 395.36 625.70 Td (same ) Tj ET Q q 0 0 0 rg BT 416.43 625.70 Td (period ) Tj ET Q q 0 0 0 rg BT 440.09 625.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 448.17 625.70 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 465.50 625.70 Td ( ) Tj ET Q q 0 0 0 rg BT 467.51 625.70 Td (was ) Tj ET Q q 0 0 0 rg BT 483.37 625.70 Td (the ) Tj ET Q q 0 0 0 rg BT 496.21 625.70 Td (result ) Tj ET Q q 0 0 0 rg BT 517.27 625.70 Td (of ) Tj ET Q q 0 0 0 rg BT 525.78 625.70 Td (portfolio ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 614.30 Td (growth, ) Tj ET Q q 0 0 0 rg BT 77.10 614.30 Td (most ) Tj ET Q q 0 0 0 rg BT 96.04 614.30 Td (notably ) Tj ET Q q 0 0 0 rg BT 123.22 614.30 Td (the ) Tj ET Q q 0 0 0 rg BT 136.10 614.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 152.45 614.30 Td (of ) Tj ET Q q 0 0 0 rg BT 161.00 614.30 Td (the ) Tj ET Q q 0 0 0 rg BT 173.89 614.30 Td (industrial ) Tj ET Q q 0 0 0 rg BT 207.12 614.30 Td (and ) Tj ET Q q 0 0 0 rg BT 222.17 614.30 Td (retail ) Tj ET Q q 0 0 0 rg BT 241.11 614.30 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 274.78 614.30 Td (in ) Tj ET Q q 0 0 0 rg BT 282.90 614.30 Td (December ) Tj ET Q q 0 0 0 rg BT 320.88 614.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 340.27 614.30 Td (which ) Tj ET Q q 0 0 0 rg BT 362.24 614.30 Td (would ) Tj ET Q q 0 0 0 rg BT 384.64 614.30 Td (have ) Tj ET Q q 0 0 0 rg BT 403.59 614.30 Td (positively ) Tj ET Q q 0 0 0 rg BT 437.69 614.30 Td (contributed ) Tj ET Q q 0 0 0 rg BT 478.29 614.30 Td (to ) Tj ET Q q 0 0 0 rg BT 486.84 614.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 506.23 614.30 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 524.30 614.30 Td (of) Tj ET Q q 0 0 0 rg BT 530.66 614.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 545.28 614.30 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 602.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.77 602.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 102.03 602.90 Td (of ) Tj ET Q q 0 0 0 rg BT 110.97 602.90 Td (20% ) Tj ET Q q 0 0 0 rg BT 129.00 602.90 Td (of ) Tj ET Q q 0 0 0 rg BT 137.94 602.90 Td (St. ) Tj ET Q q 0 0 0 rg BT 149.90 602.90 Td (John's ) Tj ET Q q 0 0 0 rg BT 174.63 602.90 Td (Places ) Tj ET Q q 0 0 0 rg BT 200.45 602.90 Td (in ) Tj ET Q q 0 0 0 rg BT 208.96 602.90 Td (December ) Tj ET Q q 0 0 0 rg BT 247.33 602.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 269.27 602.90 Td (an ) Tj ET Q q 0 0 0 rg BT 280.37 602.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 316.17 602.90 Td (19% ) Tj ET Q q 0 0 0 rg BT 334.20 602.90 Td (in ) Tj ET Q q 0 0 0 rg BT 342.70 602.90 Td (June ) Tj ET Q q 0 0 0 rg BT 362.03 602.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 381.80 602.90 Td (and ) Tj ET Q q 0 0 0 rg BT 397.24 602.90 Td (a ) Tj ET Q q 0 0 0 rg BT 404.02 602.90 Td (further ) Tj ET Q q 0 0 0 rg BT 428.97 602.90 Td (51% ) Tj ET Q q 0 0 0 rg BT 447.00 602.90 Td (in ) Tj ET Q q 0 0 0 rg BT 455.51 602.90 Td (September ) Tj ET Q q 0 0 0 rg BT 496.06 602.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 517.99 602.90 Td (increasing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 591.50 Td (ownership ) Tj ET Q q 0 0 0 rg BT 87.43 591.50 Td (to ) Tj ET Q q 0 0 0 rg BT 96.35 591.50 Td (100% ) Tj ET Q q 0 0 0 rg BT 118.69 591.50 Td (at ) Tj ET Q q 0 0 0 rg BT 127.61 591.50 Td (the ) Tj ET Q q 0 0 0 rg BT 140.86 591.50 Td (end ) Tj ET Q q 0 0 0 rg BT 156.28 591.50 Td (of ) Tj ET Q q 0 0 0 rg BT 165.20 591.50 Td (the ) Tj ET Q q 0 0 0 rg BT 178.46 591.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 202.71 591.50 Td (. ) Tj ET Q q 0 0 0 rg BT 207.30 591.50 Td ( ) Tj ET Q q 0 0 0 rg BT 209.57 591.50 Td (The ) Tj ET Q q 0 0 0 rg BT 225.42 591.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 243.03 591.50 Td ( ) Tj ET Q q 0 0 0 rg BT 245.45 591.50 Td (also ) Tj ET Q q 0 0 0 rg BT 262.16 591.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 300.53 591.50 Td (the ) Tj ET Q q 0 0 0 rg BT 313.78 591.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 353.02 591.50 Td (of ) Tj ET Q q 0 0 0 rg BT 361.94 591.50 Td (the ) Tj ET Q q 0 0 0 rg BT 375.19 591.50 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 408.36 591.50 Td (Complex ) Tj ET Q q 0 0 0 rg BT 441.51 591.50 Td (at ) Tj ET Q q 0 0 0 rg BT 450.44 591.50 Td (the ) Tj ET Q q 0 0 0 rg BT 463.69 591.50 Td (end ) Tj ET Q q 0 0 0 rg BT 479.11 591.50 Td (of ) Tj ET Q q 0 0 0 rg BT 488.03 591.50 Td (the ) Tj ET Q q 0 0 0 rg BT 501.28 591.50 Td (second ) Tj ET Q q 0 0 0 rg BT 528.82 591.50 Td (quarter ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 71.16 580.10 Td (which ) Tj ET Q q 0 0 0 rg BT 93.24 580.10 Td (has ) Tj ET Q q 0 0 0 rg BT 107.97 580.10 Td (positively ) Tj ET Q q 0 0 0 rg BT 142.18 580.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 182.90 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.56 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.56 580.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 236.17 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.40 580.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 260.42 580.10 Td (period ) Tj ET Q q 0 0 0 rg BT 284.24 580.10 Td (over ) Tj ET Q q 0 0 0 rg BT 301.56 580.10 Td (period. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 562.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 66.20 562.70 Td (for ) Tj ET Q q 0 0 0 rg BT 78.15 562.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 91.83 562.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 109.41 562.70 Td (months ) Tj ET Q q 0 0 0 rg BT 137.81 562.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.32 562.70 Td (September ) Tj ET Q q 0 0 0 rg BT 203.28 562.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 216.96 562.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 234.29 562.70 Td ( ) Tj ET Q q 0 0 0 rg BT 237.15 562.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 252.99 562.70 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 270.32 562.70 Td ( ) Tj ET Q q 0 0 0 rg BT 273.17 562.70 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.91 562.70 Td ($39.0 ) Tj ET Q q 0 0 0 rg BT 315.25 562.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 337.33 562.70 Td ( ) Tj ET Q q 0 0 0 rg BT 340.18 562.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 356.03 562.70 Td ($28.6 ) Tj ET Q q 0 0 0 rg BT 378.38 562.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 400.45 562.70 Td (, ) Tj ET Q q 0 0 0 rg BT 405.47 562.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 446.04 562.70 Td (. ) Tj ET Q q 0 0 0 rg BT 450.88 562.70 Td (The ) Tj ET Q q 0 0 0 rg BT 467.15 562.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 484.76 562.70 Td ( ) Tj ET Q q 0 0 0 rg BT 487.61 562.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 520.35 562.70 Td (the ) Tj ET Q q 0 0 0 rg BT 534.03 562.70 Td (Fortis ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 551.30 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 81.28 551.30 Td (in ) Tj ET Q q 0 0 0 rg BT 90.53 551.30 Td (June ) Tj ET Q q 0 0 0 rg BT 110.62 551.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 131.15 551.30 Td (which ) Tj ET Q q 0 0 0 rg BT 154.26 551.30 Td (consisted ) Tj ET Q q 0 0 0 rg BT 190.37 551.30 Td (of ) Tj ET Q q 0 0 0 rg BT 200.07 551.30 Td (14 ) Tj ET Q q 0 0 0 rg BT 211.93 551.30 Td (properties, ) Tj ET Q q 0 0 0 rg BT 251.93 551.30 Td (1) Tj ET Q q 0 0 0 rg BT 255.70 551.30 Td (1 ) Tj ET Q q 0 0 0 rg BT 263.22 551.30 Td (of ) Tj ET Q q 0 0 0 rg BT 272.92 551.30 Td (which ) Tj ET Q q 0 0 0 rg BT 296.03 551.30 Td (were ) Tj ET Q q 0 0 0 rg BT 316.10 551.30 Td (owned ) Tj ET Q q 0 0 0 rg BT 342.25 551.30 Td (at ) Tj ET Q q 0 0 0 rg BT 351.95 551.30 Td (100% ) Tj ET Q q 0 0 0 rg BT 375.07 551.30 Td (and ) Tj ET Q q 0 0 0 rg BT 391.26 551.30 Td (3 ) Tj ET Q q 0 0 0 rg BT 398.79 551.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 436.63 551.30 Td (were ) Tj ET Q q 0 0 0 rg BT 456.70 551.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 489.78 551.30 Td (at ) Tj ET Q q 0 0 0 rg BT 499.48 551.30 Td (a ) Tj ET Q q 0 0 0 rg BT 507.00 551.30 Td (10% ) Tj ET Q q 0 0 0 rg BT 525.79 551.30 Td (interest. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 539.90 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 96.14 539.90 Td (, ) Tj ET Q q 0 0 0 rg BT 100.74 539.90 Td (three ) Tj ET Q q 0 0 0 rg BT 120.94 539.90 Td (of ) Tj ET Q q 0 0 0 rg BT 129.87 539.90 Td (the ) Tj ET Q q 0 0 0 rg BT 143.14 539.90 Td (retail ) Tj ET Q q 0 0 0 rg BT 162.46 539.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 199.54 539.90 Td (acquired ) Tj ET Q q 0 0 0 rg BT 231.85 539.90 Td (were ) Tj ET Q q 0 0 0 rg BT 251.17 539.90 Td (disposed ) Tj ET Q q 0 0 0 rg BT 284.79 539.90 Td (of ) Tj ET Q q 0 0 0 rg BT 293.72 539.90 Td (in ) Tj ET Q q 0 0 0 rg BT 302.22 539.90 Td (December ) Tj ET Q q 0 0 0 rg BT 340.59 539.90 Td (2015. ) Tj ET Q q 0 0 0 rg BT 362.37 539.90 Td (The ) Tj ET Q q 0 0 0 rg BT 378.23 539.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 394.52 539.90 Td (contribution ) Tj ET Q q 0 0 0 rg BT 437.23 539.90 Td (from ) Tj ET Q q 0 0 0 rg BT 455.25 539.90 Td (these ) Tj ET Q q 0 0 0 rg BT 476.74 539.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 513.82 539.90 Td (would ) Tj ET Q q 0 0 0 rg BT 536.60 539.90 Td (have ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 528.50 Td (only ) Tj ET Q q 0 0 0 rg BT 66.50 528.50 Td (been ) Tj ET Q q 0 0 0 rg BT 86.54 528.50 Td (reflected ) Tj ET Q q 0 0 0 rg BT 119.14 528.50 Td (in ) Tj ET Q q 0 0 0 rg BT 127.91 528.50 Td (three ) Tj ET Q q 0 0 0 rg BT 148.38 528.50 Td (of ) Tj ET Q q 0 0 0 rg BT 157.59 528.50 Td (the ) Tj ET Q q 0 0 0 rg BT 171.14 528.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 188.58 528.50 Td (months ) Tj ET Q q 0 0 0 rg BT 216.84 528.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 241.21 528.50 Td (September ) Tj ET Q q 0 0 0 rg BT 282.03 528.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 295.57 528.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 317.78 528.50 Td (where ) Tj ET Q q 0 0 0 rg BT 341.71 528.50 Td (as ) Tj ET Q q 0 0 0 rg BT 352.65 528.50 Td (these ) Tj ET Q q 0 0 0 rg BT 374.42 528.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 411.77 528.50 Td (would ) Tj ET Q q 0 0 0 rg BT 434.83 528.50 Td (have ) Tj ET Q q 0 0 0 rg BT 454.44 528.50 Td (positively ) Tj ET Q q 0 0 0 rg BT 489.20 528.50 Td (contributed ) Tj ET Q q 0 0 0 rg BT 530.46 528.50 Td (to ) Tj ET Q q 0 0 0 rg BT 539.67 528.50 Td (NOI ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 517.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 88.29 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.66 517.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 121.68 517.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 137.95 517.10 Td (month ) Tj ET Q q 0 0 0 rg BT 161.14 517.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 205.11 517.10 Td (period ) Tj ET Q q 0 0 0 rg BT 228.30 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.90 517.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 256.94 517.10 Td (Of) Tj ET Q q 0 0 0 rg BT 265.03 517.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 291.69 517.10 Td (this ) Tj ET Q q 0 0 0 rg BT 305.36 517.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 336.34 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.94 517.10 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 361.50 517.10 Td (was ) Tj ET Q q 0 0 0 rg BT 376.88 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.25 517.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 427.60 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.64 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.01 517.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 480.72 517.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 509.98 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.58 517.10 Td (December ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 505.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 71.86 505.70 Td (which ) Tj ET Q q 0 0 0 rg BT 94.63 505.70 Td (would ) Tj ET Q q 0 0 0 rg BT 117.84 505.70 Td (have ) Tj ET Q q 0 0 0 rg BT 137.60 505.70 Td (positively ) Tj ET Q q 0 0 0 rg BT 172.50 505.70 Td (contributed ) Tj ET Q q 0 0 0 rg BT 213.91 505.70 Td (to ) Tj ET Q q 0 0 0 rg BT 223.27 505.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 254.28 505.70 Td (in ) Tj ET Q q 0 0 0 rg BT 263.21 505.70 Td (during ) Tj ET Q q 0 0 0 rg BT 287.72 505.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 301.41 505.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 319.00 505.70 Td (months ) Tj ET Q q 0 0 0 rg BT 347.41 505.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 371.93 505.70 Td (September ) Tj ET Q q 0 0 0 rg BT 412.90 505.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 426.59 505.70 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 443.92 505.70 Td ( ) Tj ET Q q 0 0 0 rg BT 446.78 505.70 Td (with ) Tj ET Q q 0 0 0 rg BT 463.50 505.70 Td (no ) Tj ET Q q 0 0 0 rg BT 475.02 505.70 Td (contribution ) Tj ET Q q 0 0 0 rg BT 518.16 505.70 Td (during ) Tj ET Q q 0 0 0 rg BT 542.67 505.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 494.30 Td (comparable ) Tj ET Q q 0 0 0 rg BT 92.14 494.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 117.90 494.30 Td ( ) Tj ET Q q 0 0 0 rg BT 119.72 494.30 Td (The ) Tj ET Q q 0 0 0 rg BT 135.08 494.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 171.23 494.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 187.02 494.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 218.41 494.30 Td (for ) Tj ET Q q 0 0 0 rg BT 229.44 494.30 Td (the ) Tj ET Q q 0 0 0 rg BT 242.21 494.30 Td (nine ) Tj ET Q q 0 0 0 rg BT 258.88 494.30 Td (month ) Tj ET Q q 0 0 0 rg BT 282.47 494.30 Td (period ) Tj ET Q q 0 0 0 rg BT 306.06 494.30 Td (is ) Tj ET Q q 0 0 0 rg BT 313.63 494.30 Td (attributable ) Tj ET Q q 0 0 0 rg BT 354.11 494.30 Td (to ) Tj ET Q q 0 0 0 rg BT 362.55 494.30 Td (the ) Tj ET Q q 0 0 0 rg BT 375.32 494.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 414.08 494.30 Td (and ) Tj ET Q q 0 0 0 rg BT 429.01 494.30 Td (disposition ) Tj ET Q q 0 0 0 rg BT 467.76 494.30 Td (activity ) Tj ET Q q 0 0 0 rg BT 493.52 494.30 Td (discussed ) Tj ET Q q 0 0 0 rg BT 530.10 494.30 Td (above.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 476.90 Td (SAME-PROPERTY) Tj ET Q q 0 0 0 rg BT 117.31 476.90 Td ( NOI) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 459.50 Td (Same-property ) Tj ET Q q 0 0 0 rg BT 102.47 459.50 Td (NOI ) Tj ET Q q 0 0 0 rg BT 117.77 459.50 Td (is ) Tj ET Q q 0 0 0 rg BT 124.84 459.50 Td (a ) Tj ET Q q 0 0 0 rg BT 130.62 459.50 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 165.40 459.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 197.16 459.50 Td (and ) Tj ET Q q 0 0 0 rg BT 211.61 459.50 Td (is ) Tj ET Q q 0 0 0 rg BT 218.68 459.50 Td (defined ) Tj ET Q q 0 0 0 rg BT 245.69 459.50 Td (by ) Tj ET Q q 0 0 0 rg BT 255.36 459.50 Td (the ) Tj ET Q q 0 0 0 rg BT 267.64 459.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 285.25 459.50 Td ( ) Tj ET Q q 0 0 0 rg BT 286.70 459.50 Td (as ) Tj ET Q q 0 0 0 rg BT 296.37 459.50 Td (rental ) Tj ET Q q 0 0 0 rg BT 317.31 459.50 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 349.08 459.50 Td (excluding ) Tj ET Q q 0 0 0 rg BT 383.44 459.50 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 416.94 459.50 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 458.65 459.50 Td (rent, ) Tj ET Q q 0 0 0 rg BT 475.69 459.50 Td (less ) Tj ET Q q 0 0 0 rg BT 490.99 459.50 Td (property ) Tj ET Q q 0 0 0 rg BT 521.02 459.50 Td (operating ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 69.54 448.10 Td (for ) Tj ET Q q 0 0 0 rg BT 80.48 448.10 Td (those ) Tj ET Q q 0 0 0 rg BT 101.38 448.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 137.87 448.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 162.67 448.10 Td (by ) Tj ET Q q 0 0 0 rg BT 172.75 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.43 448.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 203.04 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.88 448.10 Td (for ) Tj ET Q q 0 0 0 rg BT 215.82 448.10 Td (all ) Tj ET Q q 0 0 0 rg BT 225.46 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.81 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.49 448.10 Td (current ) Tj ET Q q 0 0 0 rg BT 272.58 448.10 Td (period ) Tj ET Q q 0 0 0 rg BT 296.08 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.93 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.61 448.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 353.17 448.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 397.45 448.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 423.12 448.10 Td (but ) Tj ET Q q 0 0 0 rg BT 435.80 448.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 470.56 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.24 448.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 514.97 448.10 Td (attributable ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 436.70 Td (to ) Tj ET Q q 0 0 0 rg BT 58.04 436.70 Td (the ) Tj ET Q q 0 0 0 rg BT 70.91 436.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 96.08 436.70 Td (hotel ) Tj ET Q q 0 0 0 rg BT 115.01 436.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 135.67 436.70 Td (due ) Tj ET Q q 0 0 0 rg BT 150.71 436.70 Td (to ) Tj ET Q q 0 0 0 rg BT 159.24 436.70 Td (the ) Tj ET Q q 0 0 0 rg BT 172.11 436.70 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 213.13 436.70 Td (of ) Tj ET Q q 0 0 0 rg BT 221.67 436.70 Td (that ) Tj ET Q q 0 0 0 rg BT 236.70 436.70 Td (asset. ) Tj ET Q q 0 0 0 rg BT 259.53 436.70 Td (Same-property ) Tj ET Q q 0 0 0 rg BT 313.09 436.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 328.98 436.70 Td (is ) Tj ET Q q 0 0 0 rg BT 336.64 436.70 Td (an ) Tj ET Q q 0 0 0 rg BT 347.35 436.70 Td (important ) Tj ET Q q 0 0 0 rg BT 381.86 436.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 414.21 436.70 Td (of ) Tj ET Q q 0 0 0 rg BT 422.74 436.70 Td (the ) Tj ET Q q 0 0 0 rg BT 435.61 436.70 Td (income ) Tj ET Q q 0 0 0 rg BT 462.77 436.70 Td (generated ) Tj ET Q q 0 0 0 rg BT 499.89 436.70 Td (from ) Tj ET Q q 0 0 0 rg BT 517.51 436.70 Td (the ) Tj ET Q q 0 0 0 rg BT 530.38 436.70 Td (REIT's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 425.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 85.97 425.30 Td (period-over-period, ) Tj ET Q q 0 0 0 rg BT 153.62 425.30 Td (but ) Tj ET Q q 0 0 0 rg BT 166.29 425.30 Td (without ) Tj ET Q q 0 0 0 rg BT 192.80 425.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 240.97 425.30 Td (of ) Tj ET Q q 0 0 0 rg BT 249.31 425.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 287.95 425.30 Td (and ) Tj ET Q q 0 0 0 rg BT 302.78 425.30 Td (disposition ) Tj ET Q q 0 0 0 rg BT 341.43 425.30 Td (activity) Tj ET Q q 0 0 0 rg BT 364.67 425.30 Td (, ) Tj ET Q q 0 0 0 rg BT 368.67 425.30 Td (and ) Tj ET Q q 0 0 0 rg BT 383.50 425.30 Td (is ) Tj ET Q q 0 0 0 rg BT 390.96 425.30 Td (used ) Tj ET Q q 0 0 0 rg BT 409.68 425.30 Td (by ) Tj ET Q q 0 0 0 rg BT 419.75 425.30 Td (the ) Tj ET Q q 0 0 0 rg BT 432.41 425.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 450.02 425.30 Td ( ) Tj ET Q q 0 0 0 rg BT 451.85 425.30 Td (in ) Tj ET Q q 0 0 0 rg BT 459.75 425.30 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 497.10 425.30 Td (the ) Tj ET Q q 0 0 0 rg BT 509.76 425.30 Td (performance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 413.90 Td (of ) Tj ET Q q 0 0 0 rg BT 57.96 413.90 Td (its ) Tj ET Q q 0 0 0 rg BT 67.72 413.90 Td (properties. ) Tj ET Q q 0 0 0 rg BT 106.49 413.90 Td ( ) Tj ET Q q 0 0 0 rg BT 108.34 413.90 Td (The ) Tj ET Q q 0 0 0 rg BT 123.73 413.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 141.33 413.90 Td ( ) Tj ET Q q 0 0 0 rg BT 143.30 413.90 Td (seeks ) Tj ET Q q 0 0 0 rg BT 165.62 413.90 Td (to ) Tj ET Q q 0 0 0 rg BT 174.08 413.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 205.49 413.90 Td (or ) Tj ET Q q 0 0 0 rg BT 214.38 413.90 Td (maintain ) Tj ET Q q 0 0 0 rg BT 245.79 413.90 Td (same-asset ) Tj ET Q q 0 0 0 rg BT 288.03 413.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 303.84 413.90 Td (through ) Tj ET Q q 0 0 0 rg BT 332.23 413.90 Td (high-occupancy) Tj ET Q q 0 0 0 rg BT 386.23 413.90 Td (, ) Tj ET Q q 0 0 0 rg BT 390.36 413.90 Td (increasing ) Tj ET Q q 0 0 0 rg BT 427.83 413.90 Td (rents ) Tj ET Q q 0 0 0 rg BT 447.12 413.90 Td (on ) Tj ET Q q 0 0 0 rg BT 457.75 413.90 Td (renewal ) Tj ET Q q 0 0 0 rg BT 486.99 413.90 Td (to ) Tj ET Q q 0 0 0 rg BT 495.45 413.90 Td (market ) Tj ET Q q 0 0 0 rg BT 521.23 413.90 Td (rents ) Tj ET Q q 0 0 0 rg BT 540.51 413.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 402.50 Td (by ) Tj ET Q q 0 0 0 rg BT 59.90 402.50 Td (signing ) Tj ET Q q 0 0 0 rg BT 86.75 402.50 Td (leases ) Tj ET Q q 0 0 0 rg BT 111.44 402.50 Td (with ) Tj ET Q q 0 0 0 rg BT 127.46 402.50 Td (embedded ) Tj ET Q q 0 0 0 rg BT 166.44 402.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 182.03 402.50 Td (increases ) Tj ET Q q 0 0 0 rg BT 217.54 402.50 Td (throughout ) Tj ET Q q 0 0 0 rg BT 256.96 402.50 Td (the ) Tj ET Q q 0 0 0 rg BT 269.96 402.50 Td (term ) Tj ET Q q 0 0 0 rg BT 287.71 402.50 Td (of ) Tj ET Q q 0 0 0 rg BT 296.37 402.50 Td (the ) Tj ET Q q 0 0 0 rg BT 309.37 402.50 Td (lease. ) Tj ET Q q 0 0 0 rg BT 332.33 402.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 97.09 385.10 Td (compares ) Tj ET Q q 0 0 0 rg BT 133.42 385.10 Td (same-property ) Tj ET Q q 0 0 0 rg BT 185.76 385.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 201.74 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 212.95 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.90 385.10 Td (current ) Tj ET Q q 0 0 0 rg BT 252.27 385.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 279.07 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.69 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.64 385.10 Td (most ) Tj ET Q q 0 0 0 rg BT 319.65 385.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 349.05 385.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 387.11 385.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 431.67 385.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 458.47 385.10 Td (as ) Tj ET Q q 0 0 0 rg BT 468.82 385.10 Td (well ) Tj ET Q q 0 0 0 rg BT 484.36 385.10 Td (as ) Tj ET Q q 0 0 0 rg BT 494.71 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.66 385.10 Td (same ) Tj ET Q q 0 0 0 rg BT 528.83 385.10 Td (quarter ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 373.70 Td (in ) Tj ET Q q 0 0 0 rg BT 57.61 373.70 Td (the ) Tj ET Q q 0 0 0 rg BT 70.48 373.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 88.11 373.70 Td (year) Tj ET Q q 0 0 0 rg BT 102.84 373.70 Td (. ) Tj ET Q q 0 0 0 rg BT 107.05 373.70 Td ( ) Tj ET Q q 0 0 0 rg BT 108.97 373.70 Td (The ) Tj ET Q q 0 0 0 rg BT 124.44 373.70 Td (same-property ) Tj ET Q q 0 0 0 rg BT 176.71 373.70 Td (comparison ) Tj ET Q q 0 0 0 rg BT 219.02 373.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 227.56 373.70 Td (June30, ) Tj ET Q q 0 0 0 rg BT 259.50 373.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 276.83 373.70 Td ( ) Tj ET Q q 0 0 0 rg BT 278.88 373.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 309.51 373.70 Td (all ) Tj ET Q q 0 0 0 rg BT 319.34 373.70 Td (of ) Tj ET Q q 0 0 0 rg BT 327.89 373.70 Td (the ) Tj ET Q q 0 0 0 rg BT 340.76 373.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 365.94 373.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 402.63 373.70 Td (owned ) Tj ET Q q 0 0 0 rg BT 427.63 373.70 Td (during ) Tj ET Q q 0 0 0 rg BT 451.33 373.70 Td (the ) Tj ET Q q 0 0 0 rg BT 464.20 373.70 Td (quarter) Tj ET Q q 0 0 0 rg BT 488.46 373.70 Td (, ) Tj ET Q q 0 0 0 rg BT 492.67 373.70 Td (but ) Tj ET Q q 0 0 0 rg BT 505.55 373.70 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 539.21 373.70 Td (only ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 362.30 Td (a ) Tj ET Q q 0 0 0 rg BT 55.97 362.30 Td (30% ) Tj ET Q q 0 0 0 rg BT 73.69 362.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 101.38 362.30 Td (the ) Tj ET Q q 0 0 0 rg BT 114.34 362.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 126.00 362.30 Td (John's ) Tj ET Q q 0 0 0 rg BT 150.42 362.30 Td (Places ) Tj ET Q q 0 0 0 rg BT 175.94 362.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 200.59 362.30 Td (as ) Tj ET Q q 0 0 0 rg BT 210.96 362.30 Td (only ) Tj ET Q q 0 0 0 rg BT 227.38 362.30 Td (30% ) Tj ET Q q 0 0 0 rg BT 245.11 362.30 Td (of ) Tj ET Q q 0 0 0 rg BT 253.74 362.30 Td (those ) Tj ET Q q 0 0 0 rg BT 274.93 362.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 299.59 362.30 Td (were ) Tj ET Q q 0 0 0 rg BT 318.60 362.30 Td (owned ) Tj ET Q q 0 0 0 rg BT 343.69 362.30 Td (consistently ) Tj ET Q q 0 0 0 rg BT 386.53 362.30 Td (throughout ) Tj ET Q q 0 0 0 rg BT 425.92 362.30 Td (the ) Tj ET Q q 0 0 0 rg BT 438.89 362.30 Td (second ) Tj ET Q q 0 0 0 rg BT 466.14 362.30 Td (and ) Tj ET Q q 0 0 0 rg BT 481.27 362.30 Td (third ) Tj ET Q q 0 0 0 rg BT 498.56 362.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 525.38 362.30 Td (of ) Tj ET Q q 0 0 0 rg BT 534.01 362.30 Td (2016. ) Tj ET Q q 0 0 0 rg BT 555.68 362.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 350.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.22 350.90 Td (same-property ) Tj ET Q q 0 0 0 rg BT 117.73 350.90 Td (comparison ) Tj ET Q q 0 0 0 rg BT 160.29 350.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 169.08 350.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 222.48 350.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.81 350.90 Td ( ) Tj ET Q q 0 0 0 rg BT 242.10 350.90 Td (excludes ) Tj ET Q q 0 0 0 rg BT 275.14 350.90 Td (the ) Tj ET Q q 0 0 0 rg BT 288.27 350.90 Td (industrial ) Tj ET Q q 0 0 0 rg BT 321.73 350.90 Td (and ) Tj ET Q q 0 0 0 rg BT 337.02 350.90 Td (retail ) Tj ET Q q 0 0 0 rg BT 356.20 350.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 386.21 350.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 406.69 350.90 Td (in ) Tj ET Q q 0 0 0 rg BT 415.04 350.90 Td (December ) Tj ET Q q 0 0 0 rg BT 453.27 350.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 472.89 350.90 Td (as ) Tj ET Q q 0 0 0 rg BT 483.41 350.90 Td (well ) Tj ET Q q 0 0 0 rg BT 499.12 350.90 Td (as ) Tj ET Q q 0 0 0 rg BT 509.64 350.90 Td (the ) Tj ET Q q 0 0 0 rg BT 522.76 350.90 Td (Gateway ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 339.50 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 90.65 339.50 Td (and ) Tj ET Q q 0 0 0 rg BT 105.81 339.50 Td (only ) Tj ET Q q 0 0 0 rg BT 122.27 339.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 153.02 339.50 Td (10% ) Tj ET Q q 0 0 0 rg BT 170.78 339.50 Td (of ) Tj ET Q q 0 0 0 rg BT 179.44 339.50 Td (St. ) Tj ET Q q 0 0 0 rg BT 191.14 339.50 Td (John's ) Tj ET Q q 0 0 0 rg BT 215.59 339.50 Td (Places. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 316.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 316.70 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 316.70 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 316.70 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 316.70 Td (summary ) Tj ET Q q 0 0 0 rg BT 146.06 316.70 Td (of ) Tj ET Q q 0 0 0 rg BT 154.72 316.70 Td (the ) Tj ET Q q 0 0 0 rg BT 167.72 316.70 Td (same-property ) Tj ET Q q 0 0 0 rg BT 220.11 316.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 236.13 316.70 Td (for ) Tj ET Q q 0 0 0 rg BT 247.39 316.70 Td (the ) Tj ET Q q 0 0 0 rg BT 260.39 316.70 Td (current ) Tj ET Q q 0 0 0 rg BT 286.80 316.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 313.65 316.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 350.46 316.70 Td (to ) Tj ET Q q 0 0 0 rg BT 359.12 316.70 Td (the ) Tj ET Q q 0 0 0 rg BT 372.12 316.70 Td (same ) Tj ET Q q 0 0 0 rg BT 393.34 316.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 420.19 316.70 Td (in ) Tj ET Q q 0 0 0 rg BT 428.42 316.70 Td (the ) Tj ET Q q 0 0 0 rg BT 441.42 316.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 459.17 316.70 Td (year: ) Tj ET Q 1 1 1 rg /GS0 gs 49.00 216.20 344.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 393.00 216.20 80.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 473.00 216.20 80.00 -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 49 306.20000000000005 m 393 306.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 306.20000000000005 m 473 306.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 306.20000000000005 m 553 306.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 276.20000000000005 m 393 276.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393 276.20000000000005 m 473 276.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473 276.20000000000005 m 553 276.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393 276.20000000000005 m 473 276.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473 276.20000000000005 m 553 276.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 246.20000000000005 m 393 246.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393 246.20000000000005 m 473 246.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473 246.20000000000005 m 553 246.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 201.20000000000005 m 393 201.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393 201.20000000000005 m 473 201.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473 201.20000000000005 m 553 201.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 156.20000000000005 m 393 156.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 156.20000000000005 m 473 156.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 156.20000000000005 m 553 156.20000000000005 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.60 295.73 Td (Three months ended) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.70 280.73 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 478.85 280.73 Td (September 30, 2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 265.73 Td (Number of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.85 265.73 Td (32) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.20 265.73 Td (32) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 250.73 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 430.85 250.73 Td (4,229,973) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.20 250.73 Td (4,229,973) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 235.73 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.50 235.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 441.70 235.73 Td (27,189) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.50 235.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 235.73 Td (26,433) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 220.73 Td (Operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 439.10 220.73 Td (\(14,657) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.55 220.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 523.45 220.73 Td (\(13,736) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 220.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 205.73 Td (Straight-line rents and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.95 205.73 Td (\(172) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.55 205.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 205.73 Td (\(413) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 205.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 190.73 Td (Same-property NOI \(including hotel asset\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 441.70 190.73 Td (12,360) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 190.73 Td (12,284) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 175.73 Td (Year-over-year change - $) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.50 175.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.85 175.73 Td (76) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 160.73 Td (Year-over-year change - %) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.70 160.73 Td (0.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.55 160.73 Td (%) Tj ET Q BT /F1 10.00 Tf ET 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 /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 65.09 730.70 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 730.70 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 730.70 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 730.70 Td (summary ) Tj ET Q q 0 0 0 rg BT 146.06 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 154.72 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 167.72 730.70 Td (same-property ) Tj ET Q q 0 0 0 rg BT 220.11 730.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 236.13 730.70 Td (for ) Tj ET Q q 0 0 0 rg BT 247.39 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 260.39 730.70 Td (current ) Tj ET Q q 0 0 0 rg BT 286.80 730.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 313.65 730.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 350.46 730.70 Td (to ) Tj ET Q q 0 0 0 rg BT 359.12 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 372.12 730.70 Td (immediately ) Tj ET Q q 0 0 0 rg BT 415.85 730.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 433.60 730.70 Td (quarter: ) Tj ET Q 1 1 1 rg /GS0 gs 49.00 631.20 344.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 393.00 631.20 80.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 473.00 631.20 80.00 -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 49 720.2 m 393 720.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 720.2 m 473 720.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 720.2 m 553 720.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 691.2 m 393 691.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393 691.2 m 473 691.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473 691.2 m 553 691.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 661.2 m 393 661.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393 661.2 m 473 661.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473 661.2 m 553 661.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 616.2 m 393 616.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393 616.2 m 473 616.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473 616.2 m 553 616.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 586.2 m 393 586.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393 586.2 m 473 586.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473 586.2 m 553 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 541.2 m 393 541.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 541.2 m 473 541.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 541.2 m 553 541.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.60 709.73 Td (Three months ended) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.70 695.73 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 500.10 695.73 Td (June 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 680.73 Td (Number of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.25 680.73 Td (33) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.20 680.73 Td (33) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 665.73 Td (GLA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 428.25 665.73 Td (4,420,522) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.20 665.73 Td (4,420,522) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 650.73 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.50 650.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 439.10 650.73 Td (28,227) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.50 650.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 650.73 Td (28,009) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 635.73 Td (Operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 436.50 635.73 Td (\(15,084) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.95 635.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 523.45 635.73 Td (\(14,917) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 635.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 620.73 Td (Straight-line rents and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.35 620.73 Td (\(469) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.95 620.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 620.73 Td (\(443) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 620.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 605.73 Td (Same-property NOI \(including hotel asset\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 439.10 605.73 Td (12,674) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 605.73 Td (12,649) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 590.73 Td (NOI attributable to hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.35 590.73 Td (\(488) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.95 590.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 590.73 Td (\(422) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 590.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 575.73 Td (Same-property NOI \(excluding hotel asset\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.50 575.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 439.10 575.73 Td (12,186) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.50 575.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 575.73 Td (12,227) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 560.73 Td (Quarter-over-quarter change - $) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.50 560.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.65 560.73 Td (\(41) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.95 560.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 545.73 Td (Quarter-over-quarter change - %) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.50 545.73 Td (\(0.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.95 545.73 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 524.30 Td (Same-property ) Tj ET Q q 0 0 0 rg BT 102.83 524.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 118.48 524.30 Td (for ) Tj ET Q q 0 0 0 rg BT 129.38 524.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 142.02 524.30 Td (three ) Tj ET Q q 0 0 0 rg BT 161.58 524.30 Td (months ) Tj ET Q q 0 0 0 rg BT 188.93 524.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 212.40 524.30 Td (September ) Tj ET Q q 0 0 0 rg BT 252.31 524.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 264.95 524.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.28 524.30 Td ( ) Tj ET Q q 0 0 0 rg BT 284.08 524.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 320.53 524.30 Td (to ) Tj ET Q q 0 0 0 rg BT 328.83 524.30 Td (the ) Tj ET Q q 0 0 0 rg BT 341.47 524.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 358.86 524.30 Td (quarter) Tj ET Q q 0 0 0 rg BT 383.11 524.30 Td (, ) Tj ET Q q 0 0 0 rg BT 387.09 524.30 Td (remained ) Tj ET Q q 0 0 0 rg BT 421.37 524.30 Td (flat ) Tj ET Q q 0 0 0 rg BT 433.57 524.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.87 524.30 Td ($12.2 ) Tj ET Q q 0 0 0 rg BT 463.17 524.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.25 524.30 Td ( ) Tj ET Q q 0 0 0 rg BT 487.05 524.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 518.29 524.30 Td (as ) Tj ET Q q 0 0 0 rg BT 528.32 524.30 Td (a ) Tj ET Q q 0 0 0 rg BT 534.46 524.30 Td (result ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 512.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.21 512.90 Td (declines ) Tj ET Q q 0 0 0 rg BT 89.01 512.90 Td (in ) Tj ET Q q 0 0 0 rg BT 97.28 512.90 Td (new ) Tj ET Q q 0 0 0 rg BT 113.78 512.90 Td (and ) Tj ET Q q 0 0 0 rg BT 129.00 512.90 Td (renewed ) Tj ET Q q 0 0 0 rg BT 161.09 512.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 187.99 512.90 Td (spreads ) Tj ET Q q 0 0 0 rg BT 217.92 512.90 Td (of) Tj ET Q q 0 0 0 rg BT 224.28 512.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 239.05 512.90 Td (by ) Tj ET Q q 0 0 0 rg BT 249.50 512.90 Td (increases ) Tj ET Q q 0 0 0 rg BT 285.05 512.90 Td (in ) Tj ET Q q 0 0 0 rg BT 293.33 512.90 Td (occupancy) Tj ET Q q 0 0 0 rg BT 330.01 512.90 Td (. ) Tj ET Q q 0 0 0 rg BT 334.39 512.90 Td ( ) Tj ET Q q 0 0 0 rg BT 336.60 512.90 Td (Same-property ) Tj ET Q q 0 0 0 rg BT 390.33 512.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 406.40 512.90 Td (for ) Tj ET Q q 0 0 0 rg BT 417.70 512.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.75 512.90 Td (three ) Tj ET Q q 0 0 0 rg BT 450.72 512.90 Td (months ) Tj ET Q q 0 0 0 rg BT 478.48 512.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 502.36 512.90 Td (September ) Tj ET Q q 0 0 0 rg BT 542.68 512.90 Td (30, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 501.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 66.83 501.50 Td ( ) Tj ET Q q 0 0 0 rg BT 69.04 501.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 105.89 501.50 Td (to ) Tj ET Q q 0 0 0 rg BT 114.59 501.50 Td (the ) Tj ET Q q 0 0 0 rg BT 127.63 501.50 Td (same ) Tj ET Q q 0 0 0 rg BT 148.89 501.50 Td (period ) Tj ET Q q 0 0 0 rg BT 172.75 501.50 Td (in ) Tj ET Q q 0 0 0 rg BT 181.02 501.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 202.73 501.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 238.71 501.50 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 249.15 501.50 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 266.52 501.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.60 501.50 Td ( ) Tj ET Q q 0 0 0 rg BT 290.81 501.50 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.94 501.50 Td (0.6%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.70 501.50 Td (. ) Tj ET Q q 0 0 0 rg BT 322.07 501.50 Td ( ) Tj ET Q q 0 0 0 rg BT 324.28 501.50 Td (In ) Tj ET Q q 0 0 0 rg BT 332.99 501.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 375.47 501.50 Td (with ) Tj ET Q q 0 0 0 rg BT 391.53 501.50 Td (the ) Tj ET Q q 0 0 0 rg BT 404.57 501.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 429.91 501.50 Td (definition ) Tj ET Q q 0 0 0 rg BT 463.30 501.50 Td (of ) Tj ET Q q 0 0 0 rg BT 472.01 501.50 Td (same-property ) Tj ET Q q 0 0 0 rg BT 524.44 501.50 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 542.67 501.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (quarter-over-quarter ) Tj ET Q q 0 0 0 rg BT 122.10 490.10 Td (results ) Tj ET Q q 0 0 0 rg BT 147.94 490.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 177.69 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.42 490.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 217.26 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.66 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.38 490.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 265.84 490.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 294.28 490.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 324.46 490.10 Td (hotel ) Tj ET Q q 0 0 0 rg BT 344.25 490.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 365.77 490.10 Td (due ) Tj ET Q q 0 0 0 rg BT 381.66 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.06 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.78 490.10 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 446.66 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.05 490.10 Td (such ) Tj ET Q q 0 0 0 rg BT 475.40 490.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 499.09 490.10 Td (which ) Tj ET Q q 0 0 0 rg BT 521.90 490.10 Td (generally ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 478.70 Td (experiences ) Tj ET Q q 0 0 0 rg BT 93.45 478.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 131.77 478.70 Td (levels ) Tj ET Q q 0 0 0 rg BT 153.63 478.70 Td (of ) Tj ET Q q 0 0 0 rg BT 162.07 478.70 Td (business ) Tj ET Q q 0 0 0 rg BT 194.76 478.70 Td (in ) Tj ET Q q 0 0 0 rg BT 202.76 478.70 Td (the ) Tj ET Q q 0 0 0 rg BT 215.53 478.70 Td (winter ) Tj ET Q q 0 0 0 rg BT 238.25 478.70 Td (months ) Tj ET Q q 0 0 0 rg BT 265.74 478.70 Td (and ) Tj ET Q q 0 0 0 rg BT 280.68 478.70 Td (heightened ) Tj ET Q q 0 0 0 rg BT 321.17 478.70 Td (activity ) Tj ET Q q 0 0 0 rg BT 346.93 478.70 Td (during ) Tj ET Q q 0 0 0 rg BT 370.52 478.70 Td (spring ) Tj ET Q q 0 0 0 rg BT 393.68 478.70 Td (and ) Tj ET Q q 0 0 0 rg BT 408.62 478.70 Td (summer) Tj ET Q q 0 0 0 rg BT 436.33 478.70 Td (. ) Tj ET Q q 0 0 0 rg BT 440.31 478.70 Td (This ) Tj ET Q q 0 0 0 rg BT 456.97 478.70 Td (has ) Tj ET Q q 0 0 0 rg BT 471.47 478.70 Td (no ) Tj ET Q q 0 0 0 rg BT 482.08 478.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 506.97 478.70 Td (for ) Tj ET Q q 0 0 0 rg BT 518.00 478.70 Td (year-over-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 467.30 Td (year ) Tj ET Q q 0 0 0 rg BT 66.82 467.30 Td (comparison.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 449.90 Td (FUNDS ) Tj ET Q q 0 0 0 rg BT 78.49 449.90 Td (FROM ) Tj ET Q q 0 0 0 rg BT 103.59 449.90 Td (OPERA) Tj ET Q q 0 0 0 rg BT 130.72 449.90 Td (TIONS) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 432.50 Td (Funds ) Tj ET Q q 0 0 0 rg BT 75.04 432.50 Td (from ) Tj ET Q q 0 0 0 rg BT 94.51 432.50 Td (operations) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (Funds ) Tj ET Q q 0 0 0 rg BT 73.25 415.10 Td (from ) Tj ET Q q 0 0 0 rg BT 90.93 415.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.40 415.10 Td (\("FFO"\) ) Tj ET Q q 0 0 0 rg BT 157.80 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 165.52 415.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.95 415.10 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 207.38 415.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 243.68 415.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.87 415.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 292.48 415.10 Td (real ) Tj ET Q q 0 0 0 rg BT 307.57 415.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 330.89 415.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 365.47 415.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 413.47 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.43 415.10 Td (The ) Tj ET Q q 0 0 0 rg BT 430.95 415.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 448.56 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 450.66 415.10 Td (calculates ) Tj ET Q q 0 0 0 rg BT 487.40 415.10 Td (FFO ) Tj ET Q q 0 0 0 rg BT 505.08 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.24 415.10 Td (accordance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 403.70 Td (with ) Tj ET Q q 0 0 0 rg BT 65.88 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 79.25 403.70 Td (definition ) Tj ET Q q 0 0 0 rg BT 112.96 403.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 145.38 403.70 Td (by ) Tj ET Q q 0 0 0 rg BT 156.14 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 169.50 403.70 Td (Real ) Tj ET Q q 0 0 0 rg BT 188.05 403.70 Td (Property ) Tj ET Q q 0 0 0 rg BT 219.52 403.70 Td (Association ) Tj ET Q q 0 0 0 rg BT 261.90 403.70 Td (of ) Tj ET Q q 0 0 0 rg BT 270.93 403.70 Td (Canada ) Tj ET Q q 0 0 0 rg BT 300.74 403.70 Td (\("RealP) Tj ET Q q 0 0 0 rg BT 326.75 403.70 Td (AC"\) ) Tj ET Q q 0 0 0 rg BT 345.45 403.70 Td (in ) Tj ET Q q 0 0 0 rg BT 354.05 403.70 Td (its ) Tj ET Q q 0 0 0 rg BT 364.37 403.70 Td (White ) Tj ET Q q 0 0 0 rg BT 386.82 403.70 Td (Paper ) Tj ET Q q 0 0 0 rg BT 410.13 403.70 Td (on ) Tj ET Q q 0 0 0 rg BT 421.33 403.70 Td (Funds ) Tj ET Q q 0 0 0 rg BT 445.51 403.70 Td (From ) Tj ET Q q 0 0 0 rg BT 466.22 403.70 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 509.03 403.70 Td (as ) Tj ET Q q 0 0 0 rg BT 519.79 403.70 Td (revised ) Tj ET Q q 0 0 0 rg BT 547.44 403.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 392.30 Td (April ) Tj ET Q q 0 0 0 rg BT 67.25 392.30 Td (2014. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 374.90 Td (Core-FFO) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 357.50 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 86.48 357.50 Td (makes ) Tj ET Q q 0 0 0 rg BT 111.36 357.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 136.68 357.50 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 180.61 357.50 Td (to ) Tj ET Q q 0 0 0 rg BT 189.04 357.50 Td (the ) Tj ET Q q 0 0 0 rg BT 201.80 357.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 226.87 357.50 Td (calculation ) Tj ET Q q 0 0 0 rg BT 265.61 357.50 Td (of ) Tj ET Q q 0 0 0 rg BT 274.04 357.50 Td (FFO ) Tj ET Q q 0 0 0 rg BT 291.55 357.50 Td (to ) Tj ET Q q 0 0 0 rg BT 299.98 357.50 Td (recognize ) Tj ET Q q 0 0 0 rg BT 335.69 357.50 Td (the ) Tj ET Q q 0 0 0 rg BT 348.45 357.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 373.51 357.50 Td (share ) Tj ET Q q 0 0 0 rg BT 394.93 357.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.36 357.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 423.91 357.50 Td (payments ) Tj ET Q q 0 0 0 rg BT 459.62 357.50 Td (received ) Tj ET Q q 0 0 0 rg BT 491.00 357.50 Td (for ) Tj ET Q q 0 0 0 rg BT 502.02 357.50 Td (its ) Tj ET Q q 0 0 0 rg BT 511.74 357.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 530.13 357.50 Td (Centre ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 72.46 346.10 Td (which ) Tj ET Q q 0 0 0 rg BT 94.54 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.80 346.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 125.71 346.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 159.92 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 167.72 346.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 205.84 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.10 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 227.49 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.99 346.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 261.28 346.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 284.24 346.10 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 321.46 346.10 Td (also ) Tj ET Q q 0 0 0 rg BT 337.92 346.10 Td (removes ) Tj ET Q q 0 0 0 rg BT 369.96 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.96 346.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 408.07 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.74 346.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 451.81 346.10 Td (discharge ) Tj ET Q q 0 0 0 rg BT 487.76 346.10 Td (fees. ) 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 /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 132.18 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.20 742.10 Td (Core-FFO) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 724.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 97.43 724.70 Td (believes ) Tj ET Q q 0 0 0 rg BT 128.47 724.70 Td (that ) Tj ET Q q 0 0 0 rg BT 143.93 724.70 Td (FFO ) Tj ET Q q 0 0 0 rg BT 161.96 724.70 Td (and ) Tj ET Q q 0 0 0 rg BT 177.42 724.70 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 214.93 724.70 Td (are ) Tj ET Q q 0 0 0 rg BT 228.64 724.70 Td (important ) Tj ET Q q 0 0 0 rg BT 263.58 724.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 300.24 724.70 Td (of ) Tj ET Q q 0 0 0 rg BT 309.20 724.70 Td (the ) Tj ET Q q 0 0 0 rg BT 322.48 724.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 357.43 724.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 403.62 724.70 Td (and ) Tj ET Q q 0 0 0 rg BT 419.07 724.70 Td (are ) Tj ET Q q 0 0 0 rg BT 432.79 724.70 Td (used ) Tj ET Q q 0 0 0 rg BT 452.14 724.70 Td (by ) Tj ET Q q 0 0 0 rg BT 462.82 724.70 Td (the ) Tj ET Q q 0 0 0 rg BT 476.11 724.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 493.72 724.70 Td ( ) Tj ET Q q 0 0 0 rg BT 496.17 724.70 Td (in ) Tj ET Q q 0 0 0 rg BT 504.69 724.70 Td (evaluating ) 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 (combined ) Tj ET Q q 0 0 0 rg BT 85.60 713.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 131.65 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 140.47 713.30 Td (its ) Tj ET Q q 0 0 0 rg BT 150.58 713.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.28 713.30 Td (including ) Tj ET Q q 0 0 0 rg BT 222.35 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 235.50 713.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 260.76 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 269.58 713.30 Td (its ) Tj ET Q q 0 0 0 rg BT 279.69 713.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 304.53 713.30 Td (structure ) Tj ET Q q 0 0 0 rg BT 337.16 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 352.47 713.30 Td (are ) Tj ET Q q 0 0 0 rg BT 366.05 713.30 Td (useful ) Tj ET Q q 0 0 0 rg BT 389.16 713.30 Td (for ) Tj ET Q q 0 0 0 rg BT 400.57 713.30 Td (investors ) Tj ET Q q 0 0 0 rg BT 434.06 713.30 Td (to ) Tj ET Q q 0 0 0 rg BT 442.88 713.30 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 474.65 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 487.80 713.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 533.85 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 542.67 713.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 66.38 701.90 Td (. ) Tj ET Q q 0 0 0 rg BT 70.75 701.90 Td ( ) Tj ET Q q 0 0 0 rg BT 72.81 701.90 Td (The ) Tj ET Q q 0 0 0 rg BT 88.44 701.90 Td (following ) Tj ET Q q 0 0 0 rg BT 120.95 701.90 Td (is ) Tj ET Q q 0 0 0 rg BT 128.78 701.90 Td (a ) Tj ET Q q 0 0 0 rg BT 135.32 701.90 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 182.99 701.90 Td (of ) Tj ET Q q 0 0 0 rg BT 191.69 701.90 Td (FFO ) Tj ET Q q 0 0 0 rg BT 209.48 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 224.68 701.90 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 261.94 701.90 Td (for ) Tj ET Q q 0 0 0 rg BT 273.23 701.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 286.26 701.90 Td (three ) Tj ET Q q 0 0 0 rg BT 306.22 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 321.42 701.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 338.36 701.90 Td (months ) Tj ET Q q 0 0 0 rg BT 366.11 701.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 389.97 701.90 Td (September ) Tj ET Q q 0 0 0 rg BT 430.28 701.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 443.32 701.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.65 701.90 Td ( ) Tj ET Q q 0 0 0 rg BT 462.85 701.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 478.05 701.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.38 701.90 Td ( ) Tj ET Q q 0 0 0 rg BT 497.58 701.90 Td (from ) Tj ET Q q 0 0 0 rg BT 515.37 701.90 Td (net ) Tj ET Q q 0 0 0 rg BT 528.40 701.90 Td (income ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 690.50 Td (and ) Tj ET Q q 0 0 0 rg BT 64.66 690.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 119.66 690.50 Td (income: ) 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 266 674 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 674 m 338 674 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 674 m 410 674 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 674 m 482 674 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 674 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 266 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 646 m 338 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 646 m 410 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 646 m 482 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 646 m 554 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 646 m 338 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 646 m 410 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 646 m 482 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 646 m 554 646 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 503 m 338 503 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 503 m 482 503 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 503 m 554 503 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 503 m 266 503 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 490 m 266 490 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 503 m 338 503 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 490 m 338 490 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 503 m 410 503 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 490 m 410 490 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 503 m 482 503 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 490 m 482 490 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 503 m 554 503 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 490 m 554 490 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 490 m 410 490 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 490 m 482 490 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 490 m 554 490 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 464 m 266 464 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 464 m 338 464 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 464 m 410 464 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 464 m 482 464 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 464 m 554 464 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 464 m 266 464 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 451 m 266 451 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 464 m 338 464 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 451 m 338 451 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 464 m 410 464 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 451 m 410 451 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 464 m 482 464 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 451 m 482 451 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 464 m 554 464 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 451 m 554 451 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 425 m 266 425 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 425 m 338 425 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 425 m 410 425 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 425 m 482 425 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 425 m 554 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 386 m 266 386 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 386 m 338 386 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 386 m 410 386 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 386 m 482 386 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 386 m 554 386 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 664.53 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 664.53 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 650.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 650.53 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 650.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 650.53 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 636.58 Td (Net income and comprehensive income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 636.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 636.58 Td (2,984) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 636.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 636.58 Td (4,830) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 636.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 636.58 Td (21,849) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 636.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 636.58 Td (14,080) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 623.58 Td (Add \(deduct\):) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 610.58 Td (Leasing costs amortized to revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.90 610.58 Td (168) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.20 610.58 Td (59) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.90 610.58 Td (477) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 610.58 Td (163) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 597.58 Td (Fair value adjustment in equity accounted investment) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.10 597.63 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 597.58 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.10 597.58 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 597.58 Td (\(2,508) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 597.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 584.58 Td (Non-controlling interests) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.10 584.63 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.30 584.58 Td (\(138) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 584.58 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.10 584.58 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 584.58 Td (\(138) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 584.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 571.58 Td (Change in fair value of investment property) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 571.58 Td (1,497) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 571.58 Td (332) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.80 571.58 Td (\(6,911) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 571.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 571.58 Td (7,871) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 558.58 Td (Change in fair value of financial instruments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.60 558.63 Td (\(96) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 558.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 558.58 Td (779) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.90 558.58 Td (962) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 558.58 Td (\(3,291) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 558.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 545.58 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.20 545.58 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 545.58 Td (1,495) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.90 545.58 Td (221) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 545.58 Td (1,723) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 532.58 Td (Depreciation of hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.90 532.58 Td (149) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 532.58 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.90 532.58 Td (428) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 532.58 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 519.58 Td (Change in fair value of Class B LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 519.58 Td (4,281) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 519.58 Td (1,218) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 519.58 Td (7,241) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 519.58 Td (\(1,979) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 519.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 506.58 Td (Distributions to Class B unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.90 506.58 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 506.58 Td (951) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 506.58 Td (2,973) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 506.58 Td (2,854) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 493.58 Td (FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 493.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 493.58 Td (9,989) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 493.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 493.58 Td (9,526) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 493.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 493.58 Td (27,240) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 493.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 493.58 Td (18,775) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 480.58 Td (Finance income on finance lease receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.80 480.63 Td (\(1,006) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 480.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.30 480.58 Td (\(726) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 480.58 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.80 480.58 Td (\(3,043) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 480.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 480.58 Td (\(899) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 480.58 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 467.58 Td (Finance lease payments received) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 467.58 Td (1,524) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 467.58 Td (1,067) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 467.58 Td (4,574) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 467.58 Td (1,284) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 454.58 Td (Core-FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 454.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 454.63 Td (10,507) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 454.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 454.58 Td (9,867) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 454.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 454.58 Td (28,771) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 454.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 454.58 Td (19,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 428.58 Td (W) Tj ET Q q 0 0 0 rg BT 59.72 428.58 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 213.92 431.01 Td ( \(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 428.63 Td (41,449) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 428.58 Td (35,567) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 428.58 Td (37,499) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 428.58 Td (25,265) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 402.58 Td (FFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 402.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.70 402.58 Td (0.24) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 402.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.70 402.58 Td (0.27) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 402.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.70 402.58 Td (0.73) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 402.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 402.58 Td (0.74) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 389.58 Td (Core-FFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 389.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.70 389.58 Td (0.25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 389.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.70 389.58 Td (0.28) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 389.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.70 389.58 Td (0.77) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 389.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 389.58 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 377.50 Td (\(1\) ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 63.50 377.50 Td (Represents the diluted weighted average number of units outstanding and includes the weighted average of all REIT) Tj ET Q q 0 0 0 rg BT 380.03 377.50 Td ( units, DUP) Tj ET Q q 0 0 0 rg BT 411.02 377.50 Td ( units and Class B LP) Tj ET Q q 0 0 0 rg BT 469.73 377.50 Td ( units.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 360.10 Td (For ) Tj ET Q q 0 0 0 rg BT 63.18 360.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.02 360.10 Td (three ) Tj ET Q q 0 0 0 rg BT 95.77 360.10 Td (months ) Tj ET Q q 0 0 0 rg BT 123.32 360.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 146.98 360.10 Td (September ) Tj ET Q q 0 0 0 rg BT 187.09 360.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 199.92 360.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 217.25 360.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.42 360.10 Td (FFO ) Tj ET Q q 0 0 0 rg BT 239.00 360.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 254.85 360.10 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 276.35 360.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 298.42 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.42 360.10 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 309.35 360.10 Td ($0.24) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 328.84 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.84 360.10 Td (per ) Tj ET Q q 0 0 0 rg BT 344.10 360.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 358.66 360.10 Td (whereas ) Tj ET Q q 0 0 0 rg BT 390.10 360.10 Td (FFO ) Tj ET Q q 0 0 0 rg BT 407.69 360.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.78 360.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 431.61 360.10 Td (three ) Tj ET Q q 0 0 0 rg BT 451.37 360.10 Td (months ) Tj ET Q q 0 0 0 rg BT 478.92 360.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 502.58 360.10 Td (September ) Tj ET Q q 0 0 0 rg BT 542.68 360.10 Td (30, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 348.70 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 66.83 348.70 Td ( ) Tj ET Q q 0 0 0 rg BT 69.09 348.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 85.19 348.70 Td ($9.5 ) Tj ET Q q 0 0 0 rg BT 102.61 348.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 124.69 348.70 Td ( ) Tj ET Q q 0 0 0 rg BT 126.95 348.70 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 136.13 348.70 Td ($0.27) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 155.63 348.70 Td ( ) Tj ET Q q 0 0 0 rg BT 157.88 348.70 Td (per ) Tj ET Q q 0 0 0 rg BT 171.40 348.70 Td (unit, ) Tj ET Q q 0 0 0 rg BT 188.38 348.70 Td (representing ) Tj ET Q q 0 0 0 rg BT 233.95 348.70 Td (an ) Tj ET Q q 0 0 0 rg BT 244.87 348.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 276.57 348.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 285.33 348.70 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 302.75 348.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 324.82 348.70 Td ( ) Tj ET Q q 0 0 0 rg BT 327.08 348.70 Td (or ) Tj ET Q q 0 0 0 rg BT 336.26 348.70 Td (a ) Tj ET Q q 0 0 0 rg BT 342.85 348.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 377.16 348.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.91 348.70 Td ($0.03) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.41 348.70 Td ( ) Tj ET Q q 0 0 0 rg BT 407.66 348.70 Td (per ) Tj ET Q q 0 0 0 rg BT 421.18 348.70 Td (unit. ) Tj ET Q q 0 0 0 rg BT 438.16 348.70 Td ( ) Tj ET Q q 0 0 0 rg BT 440.28 348.70 Td (The ) Tj ET Q q 0 0 0 rg BT 455.96 348.70 Td (decline ) Tj ET Q q 0 0 0 rg BT 482.90 348.70 Td (in ) Tj ET Q q 0 0 0 rg BT 491.22 348.70 Td (FFO ) Tj ET Q q 0 0 0 rg BT 509.06 348.70 Td (per ) Tj ET Q q 0 0 0 rg BT 522.58 348.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 537.39 348.70 Td (is ) Tj ET Q q 0 0 0 rg BT 545.28 348.70 Td (as ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 337.30 Td (a ) Tj ET Q q 0 0 0 rg BT 55.94 337.30 Td (result ) Tj ET Q q 0 0 0 rg BT 77.09 337.30 Td (of ) Tj ET Q q 0 0 0 rg BT 85.69 337.30 Td (an ) Tj ET Q q 0 0 0 rg BT 96.46 337.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 128.01 337.30 Td (in ) Tj ET Q q 0 0 0 rg BT 136.18 337.30 Td (the ) Tj ET Q q 0 0 0 rg BT 149.11 337.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 182.40 337.30 Td (average ) Tj ET Q q 0 0 0 rg BT 212.65 337.30 Td (number ) Tj ET Q q 0 0 0 rg BT 241.17 337.30 Td (of ) Tj ET Q q 0 0 0 rg BT 249.77 337.30 Td (units ) Tj ET Q q 0 0 0 rg BT 268.33 337.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 310.72 337.30 Td (in ) Tj ET Q q 0 0 0 rg BT 318.89 337.30 Td (the ) Tj ET Q q 0 0 0 rg BT 331.82 337.30 Td (current ) Tj ET Q q 0 0 0 rg BT 358.17 337.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 384.96 337.30 Td (from ) Tj ET Q q 0 0 0 rg BT 402.64 337.30 Td (the ) Tj ET Q q 0 0 0 rg BT 415.58 337.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 438.47 337.30 Td (of) Tj ET Q q 0 0 0 rg BT 444.84 337.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 466.43 337.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 504.48 337.30 Td (by ) Tj ET Q q 0 0 0 rg BT 514.81 337.30 Td (the ) Tj ET Q q 0 0 0 rg BT 527.74 337.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 545.35 337.30 Td ( ) Tj ET Q q 0 0 0 rg BT 547.45 337.30 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 325.90 Td (September ) Tj ET Q q 0 0 0 rg BT 89.39 325.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 110.67 325.90 Td (FFO ) Tj ET Q q 0 0 0 rg BT 128.04 325.90 Td (for ) Tj ET Q q 0 0 0 rg BT 138.91 325.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 151.53 325.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 168.04 325.90 Td (months ) Tj ET Q q 0 0 0 rg BT 195.37 325.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 218.82 325.90 Td (September ) Tj ET Q q 0 0 0 rg BT 258.71 325.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 271.33 325.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.66 325.90 Td ( ) Tj ET Q q 0 0 0 rg BT 290.44 325.90 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.07 325.90 Td ($27.2 ) Tj ET Q q 0 0 0 rg BT 327.35 325.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 349.43 325.90 Td (, ) Tj ET Q q 0 0 0 rg BT 353.38 325.90 Td (which ) Tj ET Q q 0 0 0 rg BT 375.08 325.90 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.49 325.90 Td ($8.5 ) Tj ET Q q 0 0 0 rg BT 399.44 325.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 421.51 325.90 Td ( ) Tj ET Q q 0 0 0 rg BT 423.30 325.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 446.74 325.90 Td (then ) Tj ET Q q 0 0 0 rg BT 463.68 325.90 Td (FFO ) Tj ET Q q 0 0 0 rg BT 481.05 325.90 Td (from ) Tj ET Q q 0 0 0 rg BT 498.41 325.90 Td (the ) Tj ET Q q 0 0 0 rg BT 511.03 325.90 Td (same ) Tj ET Q q 0 0 0 rg BT 531.86 325.90 Td (period ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 314.50 Td (in ) Tj ET Q q 0 0 0 rg BT 57.53 314.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 78.87 314.50 Td (The ) Tj ET Q q 0 0 0 rg BT 94.26 314.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 125.67 314.50 Td (in ) Tj ET Q q 0 0 0 rg BT 133.70 314.50 Td (FFO ) Tj ET Q q 0 0 0 rg BT 151.25 314.50 Td (for ) Tj ET Q q 0 0 0 rg BT 162.30 314.50 Td (the ) Tj ET Q q 0 0 0 rg BT 175.10 314.50 Td (three ) Tj ET Q q 0 0 0 rg BT 194.82 314.50 Td (and ) Tj ET Q q 0 0 0 rg BT 209.79 314.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 226.48 314.50 Td (month ) Tj ET Q q 0 0 0 rg BT 250.10 314.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 277.61 314.50 Td (is ) Tj ET Q q 0 0 0 rg BT 285.21 314.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 316.60 314.50 Td (attributable ) Tj ET Q q 0 0 0 rg BT 357.11 314.50 Td (to ) Tj ET Q q 0 0 0 rg BT 365.58 314.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 395.26 314.50 Td (growth, ) Tj ET Q q 0 0 0 rg BT 422.77 314.50 Td (most ) Tj ET Q q 0 0 0 rg BT 441.62 314.50 Td (notably) Tj ET Q q 0 0 0 rg BT 466.18 314.50 Td (, ) Tj ET Q q 0 0 0 rg BT 470.31 314.50 Td (the ) Tj ET Q q 0 0 0 rg BT 483.10 314.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 512.79 314.50 Td (acquisitions ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 303.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.57 303.10 Td (June ) Tj ET Q q 0 0 0 rg BT 76.46 303.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 95.80 303.10 Td (of) Tj ET Q q 0 0 0 rg BT 102.16 303.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 116.73 303.10 Td (by ) Tj ET Q q 0 0 0 rg BT 126.96 303.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.79 303.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 178.61 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.11 303.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.95 303.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 233.13 303.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.13 303.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 267.02 303.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 303.67 303.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.73 303.10 Td (December ) Tj ET Q q 0 0 0 rg BT 349.67 303.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 371.17 303.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.05 303.10 Td (The ) Tj ET Q q 0 0 0 rg BT 388.47 303.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 406.08 303.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.09 303.10 Td (also ) Tj ET Q q 0 0 0 rg BT 424.38 303.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 456.27 303.10 Td (an ) Tj ET Q q 0 0 0 rg BT 466.94 303.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 502.29 303.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 519.89 303.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 547.44 303.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 291.70 Td (St. ) Tj ET Q q 0 0 0 rg BT 61.13 291.70 Td (John's ) Tj ET Q q 0 0 0 rg BT 85.51 291.70 Td (Places ) Tj ET Q q 0 0 0 rg BT 110.99 291.70 Td (in ) Tj ET Q q 0 0 0 rg BT 119.15 291.70 Td (December ) Tj ET Q q 0 0 0 rg BT 157.18 291.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 178.78 291.70 Td (an ) Tj ET Q q 0 0 0 rg BT 189.54 291.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 224.99 291.70 Td (19% ) Tj ET Q q 0 0 0 rg BT 242.68 291.70 Td (in ) Tj ET Q q 0 0 0 rg BT 250.85 291.70 Td (June ) Tj ET Q q 0 0 0 rg BT 269.84 291.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 289.27 291.70 Td (and ) Tj ET Q q 0 0 0 rg BT 304.36 291.70 Td (a ) Tj ET Q q 0 0 0 rg BT 310.79 291.70 Td (further ) Tj ET Q q 0 0 0 rg BT 335.41 291.70 Td (51% ) Tj ET Q q 0 0 0 rg BT 353.10 291.70 Td (in ) Tj ET Q q 0 0 0 rg BT 361.26 291.70 Td (September ) Tj ET Q q 0 0 0 rg BT 401.47 291.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 423.06 291.70 Td (to ) Tj ET Q q 0 0 0 rg BT 431.66 291.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 463.21 291.70 Td (ownership ) Tj ET Q q 0 0 0 rg BT 500.81 291.70 Td (to ) Tj ET Q q 0 0 0 rg BT 509.41 291.70 Td (100%, ) Tj ET Q q 0 0 0 rg BT 533.60 291.70 Td (which ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 280.30 Td (has ) Tj ET Q q 0 0 0 rg BT 64.29 280.30 Td (positively ) Tj ET Q q 0 0 0 rg BT 98.57 280.30 Td (contributed ) Tj ET Q q 0 0 0 rg BT 139.34 280.30 Td (to ) Tj ET Q q 0 0 0 rg BT 148.07 280.30 Td (the ) Tj ET Q q 0 0 0 rg BT 161.14 280.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 192.81 280.30 Td (in ) Tj ET Q q 0 0 0 rg BT 201.10 280.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 217.19 280.30 Td (period ) Tj ET Q q 0 0 0 rg BT 241.07 280.30 Td (over ) Tj ET Q q 0 0 0 rg BT 258.46 280.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 284.37 280.30 Td (This ) Tj ET Q q 0 0 0 rg BT 301.32 280.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 329.96 280.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 355.14 280.30 Td (is ) Tj ET Q q 0 0 0 rg BT 363.00 280.30 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 400.73 280.30 Td (of) Tj ET Q q 0 0 0 rg BT 407.10 280.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 421.89 280.30 Td (by ) Tj ET Q q 0 0 0 rg BT 432.35 280.30 Td (the ) Tj ET Q q 0 0 0 rg BT 445.41 280.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 477.09 280.30 Td (in ) Tj ET Q q 0 0 0 rg BT 485.38 280.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 513.16 280.30 Td (and ) Tj ET Q q 0 0 0 rg BT 528.39 280.30 Td (finance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 268.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 69.85 268.90 Td (from ) Tj ET Q q 0 0 0 rg BT 87.60 268.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 123.12 268.90 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 163.39 268.90 Td (used ) Tj ET Q q 0 0 0 rg BT 182.45 268.90 Td (to ) Tj ET Q q 0 0 0 rg BT 191.11 268.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 218.40 268.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 261.28 268.90 Td (and ) Tj ET Q q 0 0 0 rg BT 276.44 268.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 310.66 268.90 Td (in ) Tj ET Q q 0 0 0 rg BT 318.89 268.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 346.61 268.90 Td (income ) Tj ET Q q 0 0 0 rg BT 373.89 268.90 Td (in ) Tj ET Q q 0 0 0 rg BT 382.12 268.90 Td (the ) Tj ET Q q 0 0 0 rg BT 395.11 268.90 Td (current ) Tj ET Q q 0 0 0 rg BT 421.53 268.90 Td (period. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 251.50 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 86.55 251.50 Td (for ) Tj ET Q q 0 0 0 rg BT 97.63 251.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 110.45 251.50 Td (three ) Tj ET Q q 0 0 0 rg BT 130.20 251.50 Td (and ) Tj ET Q q 0 0 0 rg BT 145.19 251.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 161.91 251.50 Td (months ) Tj ET Q q 0 0 0 rg BT 189.45 251.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 213.10 251.50 Td (September ) Tj ET Q q 0 0 0 rg BT 253.20 251.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 266.02 251.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 283.35 251.50 Td ( ) Tj ET Q q 0 0 0 rg BT 285.34 251.50 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 301.18 251.50 Td ($10.5 ) Tj ET Q q 0 0 0 rg BT 322.67 251.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 344.75 251.50 Td ( ) Tj ET Q q 0 0 0 rg BT 346.74 251.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 361.73 251.50 Td ($28.8 ) Tj ET Q q 0 0 0 rg BT 383.21 251.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.29 251.50 Td (, ) Tj ET Q q 0 0 0 rg BT 409.45 251.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 450.01 251.50 Td (, ) Tj ET Q q 0 0 0 rg BT 454.17 251.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 490.80 251.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 499.29 251.50 Td ($9.9 ) Tj ET Q q 0 0 0 rg BT 516.45 251.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.53 251.50 Td ( ) Tj ET Q q 0 0 0 rg BT 540.52 251.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 240.10 Td ($19.2 ) Tj ET Q q 0 0 0 rg BT 71.37 240.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 93.45 240.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 240.10 Td (for ) Tj ET Q q 0 0 0 rg BT 107.29 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.50 240.10 Td (same ) Tj ET Q q 0 0 0 rg BT 141.93 240.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 169.85 240.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.29 240.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 200.02 240.10 Td (The ) Tj ET Q q 0 0 0 rg BT 215.82 240.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 247.64 240.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.08 240.10 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 293.51 240.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.95 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.16 240.10 Td (current ) Tj ET Q q 0 0 0 rg BT 341.78 240.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 368.84 240.10 Td (for ) Tj ET Q q 0 0 0 rg BT 380.31 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.52 240.10 Td (three ) Tj ET Q q 0 0 0 rg BT 413.65 240.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.02 240.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 446.13 240.10 Td (month ) Tj ET Q q 0 0 0 rg BT 470.16 240.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 498.08 240.10 Td (is ) Tj ET Q q 0 0 0 rg BT 506.09 240.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 547.01 240.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 228.70 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 228.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 94.11 228.70 Td (in ) Tj ET Q q 0 0 0 rg BT 102.34 228.70 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 122.26 228.70 Td (as ) Tj ET Q q 0 0 0 rg BT 132.65 228.70 Td (well ) Tj ET Q q 0 0 0 rg BT 148.23 228.70 Td (as ) Tj ET Q q 0 0 0 rg BT 158.63 228.70 Td (an ) Tj ET Q q 0 0 0 rg BT 169.46 228.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 201.07 228.70 Td (in ) Tj ET Q q 0 0 0 rg BT 209.30 228.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 236.59 228.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 257.38 228.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 293.33 228.70 Td (received ) Tj ET Q q 0 0 0 rg BT 324.94 228.70 Td (in ) Tj ET Q q 0 0 0 rg BT 333.17 228.70 Td (the ) Tj ET Q q 0 0 0 rg BT 346.17 228.70 Td (current ) Tj ET Q q 0 0 0 rg BT 372.58 228.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 399.43 228.70 Td (as ) Tj ET Q q 0 0 0 rg BT 409.83 228.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 446.64 228.70 Td (to ) Tj ET Q q 0 0 0 rg BT 455.30 228.70 Td (2015.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 211.30 Td (ADJUSTED ) Tj ET Q q 0 0 0 rg BT 93.64 211.30 Td (FUNDS ) Tj ET Q q 0 0 0 rg BT 122.62 211.30 Td (FROM ) Tj ET Q q 0 0 0 rg BT 147.73 211.30 Td (OPERA) Tj ET Q q 0 0 0 rg BT 174.85 211.30 Td (TIONS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 193.90 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 82.27 193.90 Td (FFO ) Tj ET Q q 0 0 0 rg BT 100.30 193.90 Td (\("AFFO"\) ) Tj ET Q q 0 0 0 rg BT 134.24 193.90 Td (is ) Tj ET Q q 0 0 0 rg BT 142.32 193.90 Td (a ) Tj ET Q q 0 0 0 rg BT 149.10 193.90 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 184.89 193.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 217.65 193.90 Td (that ) Tj ET Q q 0 0 0 rg BT 233.10 193.90 Td (is ) Tj ET Q q 0 0 0 rg BT 241.17 193.90 Td (widely ) Tj ET Q q 0 0 0 rg BT 265.27 193.90 Td (used ) Tj ET Q q 0 0 0 rg BT 284.61 193.90 Td (by ) Tj ET Q q 0 0 0 rg BT 295.29 193.90 Td (the ) Tj ET Q q 0 0 0 rg BT 308.57 193.90 Td (real ) Tj ET Q q 0 0 0 rg BT 324.01 193.90 Td (estate ) Tj ET Q q 0 0 0 rg BT 347.69 193.90 Td (industry ) Tj ET Q q 0 0 0 rg BT 377.42 193.90 Td (and ) Tj ET Q q 0 0 0 rg BT 392.87 193.90 Td (investors ) Tj ET Q q 0 0 0 rg BT 426.50 193.90 Td (to ) Tj ET Q q 0 0 0 rg BT 435.44 193.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 468.20 193.90 Td (the ) Tj ET Q q 0 0 0 rg BT 481.49 193.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 500.39 193.90 Td (generated ) Tj ET Q q 0 0 0 rg BT 537.93 193.90 Td (from ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 182.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 90.39 182.50 Td (after ) Tj ET Q q 0 0 0 rg BT 108.33 182.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 125.84 182.50 Td (service ) Tj ET Q q 0 0 0 rg BT 152.86 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 168.21 182.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 193.94 182.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 218.80 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 234.14 182.50 Td (leasing ) Tj ET Q q 0 0 0 rg BT 261.18 182.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 281.71 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 297.05 182.50 Td (also ) Tj ET Q q 0 0 0 rg BT 313.69 182.50 Td (after ) Tj ET Q q 0 0 0 rg BT 331.63 182.50 Td (reversing ) Tj ET Q q 0 0 0 rg BT 366.01 182.50 Td (the ) Tj ET Q q 0 0 0 rg BT 379.19 182.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 404.48 182.50 Td (of ) Tj ET Q q 0 0 0 rg BT 413.33 182.50 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 447.72 182.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 475.62 182.50 Td (and ) Tj ET Q q 0 0 0 rg BT 490.96 182.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 521.46 182.50 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 555.67 182.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 171.10 Td (It ) Tj ET Q q 0 0 0 rg BT 56.00 171.10 Td (is ) Tj ET Q q 0 0 0 rg BT 63.79 171.10 Td (also ) Tj ET Q q 0 0 0 rg BT 80.25 171.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.75 171.10 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 127.03 171.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 159.51 171.10 Td (used ) Tj ET Q q 0 0 0 rg BT 178.57 171.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.23 171.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 218.85 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.85 171.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.48 171.10 Td (available ) Tj ET Q q 0 0 0 rg BT 283.39 171.10 Td (for ) Tj ET Q q 0 0 0 rg BT 294.65 171.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 334.50 171.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.16 171.10 Td (unitholders. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 153.70 Td (In ) Tj ET Q q 0 0 0 rg BT 58.78 153.70 Td (calculating ) Tj ET Q q 0 0 0 rg BT 97.82 153.70 Td (AFFO, ) Tj ET Q q 0 0 0 rg BT 123.54 153.70 Td (the ) Tj ET Q q 0 0 0 rg BT 137.15 153.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 154.76 153.70 Td ( ) Tj ET Q q 0 0 0 rg BT 157.53 153.70 Td (makes ) Tj ET Q q 0 0 0 rg BT 183.26 153.70 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 228.04 153.70 Td (to ) Tj ET Q q 0 0 0 rg BT 237.32 153.70 Td (FFO ) Tj ET Q q 0 0 0 rg BT 255.68 153.70 Td (for ) Tj ET Q q 0 0 0 rg BT 267.55 153.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 293.71 153.70 Td (items ) Tj ET Q q 0 0 0 rg BT 315.10 153.70 Td (including: ) Tj ET Q q 0 0 0 rg BT 350.79 153.70 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 392.99 153.70 Td (income ) Tj ET Q q 0 0 0 rg BT 420.88 153.70 Td (supplements; ) Tj ET Q q 0 0 0 rg BT 470.00 153.70 Td (amortization ) Tj ET Q q 0 0 0 rg BT 515.21 153.70 Td (of ) Tj ET Q q 0 0 0 rg BT 524.49 153.70 Td (deferred ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 142.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 89.83 142.30 Td (costs; ) Tj ET Q q 0 0 0 rg BT 112.40 142.30 Td (de-recognition ) Tj ET Q q 0 0 0 rg BT 163.99 142.30 Td (and ) Tj ET Q q 0 0 0 rg BT 179.21 142.30 Td (amortization ) Tj ET Q q 0 0 0 rg BT 223.86 142.30 Td (of ) Tj ET Q q 0 0 0 rg BT 232.58 142.30 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 287.61 142.30 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 331.83 142.30 Td (on ) Tj ET Q q 0 0 0 rg BT 342.72 142.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 381.74 142.30 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 420.34 142.30 Td (or ) Tj ET Q q 0 0 0 rg BT 429.49 142.30 Td (discharged; ) Tj ET Q q 0 0 0 rg BT 471.98 142.30 Td (amortization ) Tj ET Q q 0 0 0 rg BT 516.64 142.30 Td (of ) Tj ET Q q 0 0 0 rg BT 525.36 142.30 Td (straight-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 130.90 Td (line ) Tj ET Q q 0 0 0 rg BT 62.96 130.90 Td (rent ) Tj ET Q q 0 0 0 rg BT 77.73 130.90 Td (and ) Tj ET Q q 0 0 0 rg BT 92.06 130.90 Td (normalized ) Tj ET Q q 0 0 0 rg BT 131.50 130.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 151.90 130.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 177.92 130.90 Td (and ) Tj ET Q q 0 0 0 rg BT 192.26 130.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 216.12 130.90 Td (costs. ) Tj ET Q q 0 0 0 rg BT 237.81 130.90 Td (Guaranteed ) Tj ET Q q 0 0 0 rg BT 280.30 130.90 Td (income ) Tj ET Q q 0 0 0 rg BT 306.75 130.90 Td (supplements ) Tj ET Q q 0 0 0 rg BT 352.26 130.90 Td (relate ) Tj ET Q q 0 0 0 rg BT 373.09 130.90 Td (to ) Tj ET Q q 0 0 0 rg BT 380.93 130.90 Td (income ) Tj ET Q q 0 0 0 rg BT 407.38 130.90 Td (sources ) Tj ET Q q 0 0 0 rg BT 436.00 130.90 Td (to ) Tj ET Q q 0 0 0 rg BT 443.84 130.90 Td (the ) Tj ET Q q 0 0 0 rg BT 456.01 130.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 473.62 130.90 Td ( ) Tj ET Q q 0 0 0 rg BT 474.95 130.90 Td (that ) Tj ET Q q 0 0 0 rg BT 489.29 130.90 Td (are ) Tj ET Q q 0 0 0 rg BT 501.89 130.90 Td (not ) Tj ET Q q 0 0 0 rg BT 514.06 130.90 Td ( ) Tj ET Q q 0 0 0 rg BT 515.40 130.90 Td (recognized ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 119.50 Td (in ) Tj ET Q q 0 0 0 rg BT 58.29 119.50 Td (NOI. ) Tj ET Q q 0 0 0 rg BT 76.86 119.50 Td (The ) Tj ET Q q 0 0 0 rg BT 93.01 119.50 Td (income ) Tj ET Q q 0 0 0 rg BT 120.85 119.50 Td (sources ) Tj ET Q q 0 0 0 rg BT 150.86 119.50 Td (are ) Tj ET Q q 0 0 0 rg BT 164.85 119.50 Td (from ) Tj ET Q q 0 0 0 rg BT 183.15 119.50 Td (free ) Tj ET Q q 0 0 0 rg BT 199.30 119.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 215.46 119.50 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 260.19 119.50 Td (on ) Tj ET Q q 0 0 0 rg BT 271.58 119.50 Td (the ) Tj ET Q q 0 0 0 rg BT 285.14 119.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 324.68 119.50 Td (of ) Tj ET Q q 0 0 0 rg BT 333.90 119.50 Td (the ) Tj ET Q q 0 0 0 rg BT 347.46 119.50 Td (suburban ) Tj ET Q q 0 0 0 rg BT 382.67 119.50 Td (of) Tj ET Q q 0 0 0 rg BT 389.04 119.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 403.89 119.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 434.33 119.50 Td (in ) Tj ET Q q 0 0 0 rg BT 443.12 119.50 Td (December ) Tj ET Q q 0 0 0 rg BT 481.78 119.50 Td (2014 ) Tj ET Q q 0 0 0 rg BT 501.83 119.50 Td (and ) Tj ET Q q 0 0 0 rg BT 517.56 119.50 Td (headlease ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 108.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 85.15 108.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 122.53 108.10 Td (at ) Tj ET Q q 0 0 0 rg BT 130.90 108.10 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 152.24 108.10 Td (Place, ) Tj ET Q q 0 0 0 rg BT 175.77 108.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.70 108.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 195.10 108.10 Td (John's, ) Tj ET Q q 0 0 0 rg BT 221.42 108.10 Td (NL. ) Tj ET Q q 0 0 0 rg BT 235.29 108.10 Td (The ) Tj ET Q q 0 0 0 rg BT 250.58 108.10 Td (income ) Tj ET Q q 0 0 0 rg BT 277.57 108.10 Td (supplement ) Tj ET Q q 0 0 0 rg BT 319.71 108.10 Td (from ) Tj ET Q q 0 0 0 rg BT 337.17 108.10 Td (headlease ) Tj ET Q q 0 0 0 rg BT 374.99 108.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 410.64 108.10 Td (will ) Tj ET Q q 0 0 0 rg BT 423.32 108.10 Td (end ) Tj ET Q q 0 0 0 rg BT 438.19 108.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.12 108.10 Td (mid-2017. ) Tj ET Q q 0 0 0 rg BT 482.51 108.10 Td (The ) Tj ET Q q 0 0 0 rg BT 497.81 108.10 Td (free ) Tj ET Q q 0 0 0 rg BT 513.10 108.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 528.40 108.10 Td (income ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 96.70 Td (supplement ) Tj ET Q q 0 0 0 rg BT 91.94 96.70 Td (continues ) Tj ET Q q 0 0 0 rg BT 127.46 96.70 Td (through ) Tj ET Q q 0 0 0 rg BT 156.05 96.70 Td (to ) Tj ET Q q 0 0 0 rg BT 164.72 96.70 Td (2020. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 79.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.21 79.30 Td (method ) Tj ET Q q 0 0 0 rg BT 93.48 79.30 Td (applied ) Tj ET Q q 0 0 0 rg BT 120.88 79.30 Td (by ) Tj ET Q q 0 0 0 rg BT 131.39 79.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.51 79.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 162.12 79.30 Td ( ) Tj ET Q q 0 0 0 rg BT 164.40 79.30 Td (to ) Tj ET Q q 0 0 0 rg BT 173.18 79.30 Td (calculate ) Tj ET Q q 0 0 0 rg BT 205.77 79.30 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 228.82 79.30 Td (may ) Tj ET Q q 0 0 0 rg BT 245.83 79.30 Td (dif) Tj ET Q q 0 0 0 rg BT 253.92 79.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 265.30 79.30 Td (from ) Tj ET Q q 0 0 0 rg BT 283.16 79.30 Td (methods ) Tj ET Q q 0 0 0 rg BT 315.33 79.30 Td (applied ) Tj ET Q q 0 0 0 rg BT 342.73 79.30 Td (by ) Tj ET Q q 0 0 0 rg BT 353.24 79.30 Td (other ) Tj ET Q q 0 0 0 rg BT 373.28 79.30 Td (issuers ) Tj ET Q q 0 0 0 rg BT 400.25 79.30 Td (in ) Tj ET Q q 0 0 0 rg BT 408.59 79.30 Td (the ) Tj ET Q q 0 0 0 rg BT 421.71 79.30 Td (real ) Tj ET Q q 0 0 0 rg BT 436.98 79.30 Td (estate ) Tj ET Q q 0 0 0 rg BT 460.49 79.30 Td (industry ) Tj ET Q q 0 0 0 rg BT 490.05 79.30 Td (and ) Tj ET Q q 0 0 0 rg BT 505.33 79.30 Td (therefore ) Tj ET Q q 0 0 0 rg BT 538.79 79.30 Td (may ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 67.90 Td (not ) Tj ET Q q 0 0 0 rg BT 62.50 67.90 Td (be ) Tj ET Q q 0 0 0 rg BT 73.33 67.90 Td (comparable ) Tj ET Q q 0 0 0 rg BT 116.20 67.90 Td (with ) Tj ET Q q 0 0 0 rg BT 132.22 67.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 168.59 67.90 Td (reported ) Tj ET Q q 0 0 0 rg BT 199.77 67.90 Td (by ) Tj ET Q q 0 0 0 rg BT 210.17 67.90 Td (such ) Tj ET Q q 0 0 0 rg BT 228.79 67.90 Td (issuers.) 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 (A) Tj ET Q q 0 0 0 rg BT 54.27 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 56.59 742.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 104.38 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.19 742.10 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 150.57 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.93 742.10 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 182.02 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 193.44 742.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 206.59 742.10 Td (three ) Tj ET Q q 0 0 0 rg BT 226.66 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.98 742.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 259.03 742.10 Td (months ) Tj ET Q q 0 0 0 rg BT 286.90 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 310.88 742.10 Td (September ) Tj ET Q q 0 0 0 rg BT 351.30 742.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 364.45 742.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.78 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.10 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 394.65 742.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 431.61 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.43 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.58 742.10 Td (same ) Tj ET Q q 0 0 0 rg BT 474.95 742.10 Td (period ) Tj ET Q q 0 0 0 rg BT 498.92 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.30 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.45 742.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 538.35 742.10 Td (year ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (is ) Tj ET Q q 0 0 0 rg BT 57.29 730.70 Td (as ) Tj ET Q q 0 0 0 rg BT 67.69 730.70 Td (follows:) Tj ET Q 1 1 1 rg /GS0 gs 265.00 573.20 72.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 409.00 573.20 72.00 -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 49 714.2 m 265 714.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 714.2 m 337 714.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 714.2 m 409 714.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 714.2 m 481 714.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 714.2 m 553 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 685.2 m 265 685.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 685.2 m 337 685.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 685.2 m 409 685.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 685.2 m 481 685.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 685.2 m 553 685.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 685.2 m 337 685.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 685.2 m 409 685.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 685.2 m 481 685.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 685.2 m 553 685.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 573.2 m 265 573.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 559.2 m 265 559.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 573.2 m 337 573.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 559.2 m 337 559.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 573.2 m 409 573.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 559.2 m 409 559.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 573.2 m 481 573.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 559.2 m 481 559.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 573.2 m 553 573.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 559.2 m 553 559.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 531.2 m 265 531.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 531.2 m 337 531.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 531.2 m 409 531.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 531.2 m 481 531.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 531.2 m 553 531.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 531.2 m 409 531.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 531.2 m 553 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 503.2 m 265 503.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 503.2 m 337 503.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 503.2 m 409 503.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 503.2 m 481 503.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 503.2 m 553 503.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.30 703.73 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.65 703.73 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.15 689.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 388.15 689.73 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.15 689.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 689.73 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 675.78 Td (Core-FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 675.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 675.78 Td (10,507) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 675.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 675.73 Td (9,867) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 675.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 675.73 Td (28,771) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 675.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 675.73 Td (19,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 661.78 Td (Add \(deduct\):) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 647.78 Td (Guaranteed income supplements ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 168.44 650.21 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 647.73 Td (352) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.90 647.73 Td (246) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 647.73 Td (946) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.90 647.73 Td (488) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 633.78 Td (Amortization of deferred transaction costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 633.73 Td (351) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.90 633.73 Td (253) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 633.73 Td (855) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.90 633.73 Td (399) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 619.78 Td (Amortization of debt mark-to-market adjustments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.30 619.78 Td (\(127) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 619.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.30 619.73 Td (\(142) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 619.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.30 619.73 Td (\(167) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 619.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 619.73 Td (\(262) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 619.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 605.78 Td (Interest rate subsidy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 605.73 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.10 605.73 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 605.73 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.10 605.73 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 591.78 Td (Amortization of straight-line rent) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.30 591.78 Td (\(690) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 591.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.30 591.73 Td (\(497) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 591.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.80 591.73 Td (\(1,935) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 591.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 591.73 Td (\(1,472) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 591.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 577.78 Td (Normalized direct leasing and capital costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.80 577.78 Td (\(1,497) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 577.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.80 577.73 Td (\(1,433) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 577.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.80 577.73 Td (\(4,044) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 577.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 577.73 Td (\(2,996) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 577.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 563.78 Td (AFFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 563.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.40 563.73 Td (9,004) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 563.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 563.73 Td (8,294) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 563.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 563.73 Td (24,534) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 563.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 563.73 Td (15,317) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 535.78 Td (W) Tj ET Q q 0 0 0 rg BT 58.72 535.78 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 215.09 538.21 Td (\(2\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 535.78 Td (41,449) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.05 535.73 Td (35,567) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 535.73 Td (37,499) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 535.73 Td (25,265) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 507.78 Td (AFFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 507.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.70 507.73 Td (0.22) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 507.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.70 507.73 Td (0.23) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 507.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.70 507.73 Td (0.65) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 507.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.70 507.73 Td (0.61) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 494.70 Td (\(1\) Guaranteed income supplements relate to free rent periods and vacancies from acquired properties. ) Tj ET Q q 0 0 0 rg BT 332.50 494.70 Td (The income supplement from vacancies expire in mid-2017 while the free rent ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 485.70 Td (supplements will continue through to 2020. ) Tj ET Q BT /F3 7.50 Tf ET 1 1 1 rg /GS0 gs 49.50 482.16 9.23 -7.04 re f /GS0 gs q 0 0 0 rg BT 49.50 476.70 Td (\(2\) ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 58.73 476.70 Td (Represents the diluted weighted average number of units outstanding and includes the weighted average of all REIT) Tj ET Q q 0 0 0 rg BT 375.25 476.70 Td ( units, DUP) Tj ET Q q 0 0 0 rg BT 406.25 476.70 Td ( units and Class B LP) Tj ET Q q 0 0 0 rg BT 464.95 476.70 Td ( units.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 455.70 Td (For ) Tj ET Q q 0 0 0 rg BT 63.52 455.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.68 455.70 Td (three ) Tj ET Q q 0 0 0 rg BT 96.77 455.70 Td (months ) Tj ET Q q 0 0 0 rg BT 124.66 455.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 148.65 455.70 Td (September ) Tj ET Q q 0 0 0 rg BT 189.10 455.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 202.26 455.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 219.59 455.70 Td (, ) Tj ET Q q 0 0 0 rg BT 223.63 455.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 246.74 455.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 262.93 455.70 Td ($9.0 ) Tj ET Q q 0 0 0 rg BT 280.42 455.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 302.50 455.70 Td ( ) Tj ET Q q 0 0 0 rg BT 304.83 455.70 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.09 455.70 Td ($0.22) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.59 455.70 Td ( ) Tj ET Q q 0 0 0 rg BT 335.92 455.70 Td (per ) Tj ET Q q 0 0 0 rg BT 349.51 455.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 364.41 455.70 Td (whereas ) Tj ET Q q 0 0 0 rg BT 395.73 455.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 418.84 455.70 Td (for ) Tj ET Q q 0 0 0 rg BT 430.26 455.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 443.43 455.70 Td (three ) Tj ET Q q 0 0 0 rg BT 463.52 455.70 Td (months ) Tj ET Q q 0 0 0 rg BT 491.40 455.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 515.40 455.70 Td (September ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 444.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 62.92 444.30 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 80.25 444.30 Td ( ) Tj ET Q q 0 0 0 rg BT 82.84 444.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 99.28 444.30 Td ($8.3 ) Tj ET Q q 0 0 0 rg BT 117.03 444.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 139.11 444.30 Td ( ) Tj ET Q q 0 0 0 rg BT 141.70 444.30 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 151.21 444.30 Td ($0.23) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 170.71 444.30 Td ( ) Tj ET Q q 0 0 0 rg BT 173.29 444.30 Td (per ) Tj ET Q q 0 0 0 rg BT 187.14 444.30 Td (unit, ) Tj ET Q q 0 0 0 rg BT 204.46 444.30 Td (representing ) Tj ET Q q 0 0 0 rg BT 250.35 444.30 Td (an ) Tj ET Q q 0 0 0 rg BT 261.61 444.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 293.64 444.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 302.73 444.30 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 320.48 444.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.56 444.30 Td ( ) Tj ET Q q 0 0 0 rg BT 345.15 444.30 Td (or ) Tj ET Q q 0 0 0 rg BT 354.66 444.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 389.30 444.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.39 444.30 Td ($0.01) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.88 444.30 Td ( ) Tj ET Q q 0 0 0 rg BT 420.47 444.30 Td (per ) Tj ET Q q 0 0 0 rg BT 434.32 444.30 Td (unit, ) Tj ET Q q 0 0 0 rg BT 451.63 444.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 492.20 444.30 Td (. ) Tj ET Q q 0 0 0 rg BT 496.96 444.30 Td ( ) Tj ET Q q 0 0 0 rg BT 499.38 444.30 Td (The ) Tj ET Q q 0 0 0 rg BT 515.40 444.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 547.43 444.30 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 432.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 72.46 432.90 Td (is ) Tj ET Q q 0 0 0 rg BT 80.26 432.90 Td (attributable ) Tj ET Q q 0 0 0 rg BT 120.99 432.90 Td (to ) Tj ET Q q 0 0 0 rg BT 129.67 432.90 Td (the ) Tj ET Q q 0 0 0 rg BT 142.68 432.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 168.24 432.90 Td (in ) Tj ET Q q 0 0 0 rg BT 176.48 432.90 Td (the ) Tj ET Q q 0 0 0 rg BT 189.49 432.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 219.39 432.90 Td (over ) Tj ET Q q 0 0 0 rg BT 236.72 432.90 Td (the ) Tj ET Q q 0 0 0 rg BT 249.73 432.90 Td (year) Tj ET Q q 0 0 0 rg BT 264.46 432.90 Td (. ) Tj ET Q q 0 0 0 rg BT 268.38 432.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 291.33 432.90 Td (for ) Tj ET Q q 0 0 0 rg BT 302.60 432.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.61 432.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 332.52 432.90 Td (months ) Tj ET Q q 0 0 0 rg BT 360.25 432.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 384.09 432.90 Td (September ) Tj ET Q q 0 0 0 rg BT 424.38 432.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 437.39 432.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.72 432.90 Td ( ) Tj ET Q q 0 0 0 rg BT 456.90 432.90 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.93 432.90 Td ($24.5 ) Tj ET Q q 0 0 0 rg BT 494.61 432.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 516.68 432.90 Td ( ) Tj ET Q q 0 0 0 rg BT 518.86 432.90 Td (compared ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 421.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.62 421.50 Td ($15.3 ) Tj ET Q q 0 0 0 rg BT 80.73 421.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 102.81 421.50 Td ( ) Tj ET Q q 0 0 0 rg BT 105.42 421.50 Td (in ) Tj ET Q q 0 0 0 rg BT 114.10 421.50 Td (the ) Tj ET Q q 0 0 0 rg BT 127.55 421.50 Td (same ) Tj ET Q q 0 0 0 rg BT 149.22 421.50 Td (period ) Tj ET Q q 0 0 0 rg BT 173.49 421.50 Td (in ) Tj ET Q q 0 0 0 rg BT 182.17 421.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 204.12 421.50 Td (This ) Tj ET Q q 0 0 0 rg BT 221.46 421.50 Td (represents ) Tj ET Q q 0 0 0 rg BT 260.89 421.50 Td (an ) Tj ET Q q 0 0 0 rg BT 272.17 421.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 304.23 421.50 Td (of ) Tj ET Q q 0 0 0 rg BT 313.35 421.50 Td (per ) Tj ET Q q 0 0 0 rg BT 327.22 421.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 342.40 421.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 351.52 421.50 Td ($0.04) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.02 421.50 Td ( ) Tj ET Q q 0 0 0 rg BT 373.63 421.50 Td (as ) Tj ET Q q 0 0 0 rg BT 384.48 421.50 Td (a ) Tj ET Q q 0 0 0 rg BT 391.43 421.50 Td (result ) Tj ET Q q 0 0 0 rg BT 413.10 421.50 Td (of ) Tj ET Q q 0 0 0 rg BT 422.21 421.50 Td (the ) Tj ET Q q 0 0 0 rg BT 435.66 421.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 467.73 421.50 Td (in ) Tj ET Q q 0 0 0 rg BT 476.41 421.50 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 514.08 421.50 Td (period ) Tj ET Q q 0 0 0 rg BT 538.35 421.50 Td (over ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (period. ) 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 /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 56.34 724.70 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 103.88 724.70 Td (of ) Tj ET Q q 0 0 0 rg BT 112.45 724.70 Td (net ) Tj ET Q q 0 0 0 rg BT 125.35 724.70 Td (income ) Tj ET Q q 0 0 0 rg BT 152.53 724.70 Td (to ) Tj ET Q q 0 0 0 rg BT 161.10 724.70 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 180.92 724.70 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 218.05 724.70 Td (and ) Tj ET Q q 0 0 0 rg BT 232.71 724.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 255.56 724.70 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 266.72 724.70 Td (three ) Tj ET Q q 0 0 0 rg BT 286.55 724.70 Td (and ) Tj ET Q q 0 0 0 rg BT 301.61 724.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 318.41 724.70 Td (months ) Tj ET Q q 0 0 0 rg BT 346.03 724.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 369.77 724.70 Td (September ) Tj ET Q q 0 0 0 rg BT 409.94 724.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 422.84 724.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.17 724.70 Td ( ) Tj ET Q q 0 0 0 rg BT 442.25 724.70 Td (as ) Tj ET Q q 0 0 0 rg BT 452.54 724.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 489.26 724.70 Td (to ) Tj ET Q q 0 0 0 rg BT 497.83 724.70 Td (the ) Tj ET Q q 0 0 0 rg BT 510.73 724.70 Td (same ) Tj ET Q q 0 0 0 rg BT 531.85 724.70 Td (period ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (in ) Tj ET Q q 0 0 0 rg BT 57.73 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 70.73 713.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 88.48 713.30 Td (year ) Tj ET Q q 0 0 0 rg BT 105.80 713.30 Td (is ) Tj ET Q q 0 0 0 rg BT 113.59 713.30 Td (as ) Tj ET Q q 0 0 0 rg BT 123.99 713.30 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 696.8 m 265 696.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 696.8 m 337 696.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 696.8 m 409 696.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 696.8 m 481 696.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 696.8 m 553 696.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 668.8 m 265 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 668.8 m 337 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 668.8 m 409 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 668.8 m 481 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 668.8 m 553 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 668.8 m 337 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 668.8 m 409 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 668.8 m 481 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 668.8 m 553 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 525.8 m 265 525.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 525.8 m 337 525.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 525.8 m 409 525.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 525.8 m 481 525.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 525.8 m 553 525.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 486.8 m 265 486.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 486.8 m 337 486.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 486.8 m 409 486.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 486.8 m 481 486.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 486.8 m 553 486.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 395.8 m 265 395.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 382.8 m 265 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 395.8 m 337 395.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 382.8 m 337 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 395.8 m 409 395.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 382.8 m 409 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 395.8 m 481 395.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 382.8 m 481 382.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 395.8 m 553 395.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 382.8 m 553 382.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.30 687.33 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.65 687.33 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.15 673.33 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 388.15 673.33 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.15 673.33 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 673.33 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 659.38 Td (Net income and comprehensive income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 659.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.40 659.38 Td (2,984) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 659.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 659.38 Td (4,830) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 659.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 659.38 Td (21,849) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 659.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 659.38 Td (14,080) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 646.38 Td (Add \(deduct\):) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 633.38 Td (Leasing costs amortized to revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 633.38 Td (168) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.20 633.38 Td (59) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 633.38 Td (477) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.90 633.38 Td (163) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 620.38 Td (Fair value adjustment in equity accounted investment) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.10 620.43 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.10 620.38 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 470.10 620.38 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 620.38 Td (\(2,508) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 620.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 607.38 Td (Non-controlling interests) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.10 607.43 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.30 607.38 Td (\(138) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 607.38 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 470.10 607.38 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 607.38 Td (\(138) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 607.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 594.38 Td (Change in fair value of investment property) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.40 594.38 Td (1,497) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.90 594.38 Td (332) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.80 594.38 Td (\(6,911) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 594.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 594.38 Td (7,871) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 581.38 Td (Change in fair value of financial instruments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 322.60 581.43 Td (\(96) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 581.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.90 581.38 Td (779) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 581.38 Td (962) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 581.38 Td (\(3,291) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 581.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 568.38 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 325.20 568.38 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 568.38 Td (1,495) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 568.38 Td (221) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 568.38 Td (1,723) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 555.38 Td (Depreciation of hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 555.38 Td (149) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.10 555.38 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 555.38 Td (428) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.10 555.38 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 542.38 Td (Change in fair value of Class B LP) Tj ET Q q 0 0 0 rg BT 170.03 542.38 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.40 542.38 Td (4,281) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 542.38 Td (1,218) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.40 542.38 Td (7,241) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 542.38 Td (\(1,979) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 542.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 529.38 Td (Distributions to Class B unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 529.38 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.90 529.38 Td (951) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.40 529.38 Td (2,973) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 529.38 Td (2,854) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 516.38 Td (FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.40 516.38 Td (9,989) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 516.38 Td (9,526) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 516.38 Td (27,240) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 516.38 Td (18,775) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 503.38 Td (Finance income on finance lease receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.80 503.43 Td (\(1,006) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 503.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.30 503.38 Td (\(726) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 503.38 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.80 503.38 Td (\(3,043) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 503.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 503.38 Td (\(899) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 503.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 490.38 Td (Finance lease payments received) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.40 490.38 Td (1,524) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 490.38 Td (1,067) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.40 490.38 Td (4,574) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 490.38 Td (1,284) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 477.38 Td (Core-FFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 477.43 Td (10,507) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 477.38 Td (9,867) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 477.38 Td (28,771) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 477.38 Td (19,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 464.38 Td (Guaranteed income supplements ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 168.44 466.81 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 464.38 Td (352) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.90 464.38 Td (246) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 464.38 Td (946) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.90 464.38 Td (488) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 451.38 Td (Amortization of deferred transaction costs ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 451.38 Td (351) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.90 451.38 Td (253) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 451.38 Td (855) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.90 451.38 Td (399) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 438.38 Td (Amortization of debt mark-to-market adjustments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.30 438.43 Td (\(127) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 438.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.30 438.38 Td (\(142) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 438.38 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.30 438.38 Td (\(167) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 438.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 438.38 Td (\(262) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 438.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 425.38 Td (Interest rate subsidy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 425.38 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.10 425.38 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 425.38 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.10 425.38 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 412.38 Td (Amortization of straight-line rent ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.30 412.43 Td (\(690) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 412.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.30 412.38 Td (\(497) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 412.38 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.80 412.38 Td (\(1,935) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 412.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 412.38 Td (\(1,472) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 412.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 399.38 Td (Normalized direct leasing and capital costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.80 399.43 Td (\(1,497) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 399.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.80 399.38 Td (\(1,433) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 399.38 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.80 399.38 Td (\(4,044) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 399.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 399.38 Td (\(2,996) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 399.38 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 386.38 Td (AFFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 386.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.40 386.38 Td (9,004) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 386.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 386.38 Td (8,294) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 386.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 386.38 Td (24,534) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 386.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 386.38 Td (15,317) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 365.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.10 365.90 Td (following ) Tj ET Q q 0 0 0 rg BT 97.59 365.90 Td (is ) Tj ET Q q 0 0 0 rg BT 105.40 365.90 Td (FFO ) Tj ET Q q 0 0 0 rg BT 123.16 365.90 Td (and ) Tj ET Q q 0 0 0 rg BT 137.90 365.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 160.86 365.90 Td (expressed ) Tj ET Q q 0 0 0 rg BT 198.98 365.90 Td (on ) Tj ET Q q 0 0 0 rg BT 209.82 365.90 Td (a ) Tj ET Q q 0 0 0 rg BT 216.33 365.90 Td (per ) Tj ET Q q 0 0 0 rg BT 229.77 365.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 244.51 365.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 264.88 365.90 Td (for ) Tj ET Q q 0 0 0 rg BT 276.15 365.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 289.16 365.90 Td (three ) Tj ET Q q 0 0 0 rg BT 309.09 365.90 Td (and ) Tj ET Q q 0 0 0 rg BT 324.27 365.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 341.18 365.90 Td (months ) Tj ET Q q 0 0 0 rg BT 368.90 365.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 392.75 365.90 Td (September ) Tj ET Q q 0 0 0 rg BT 433.03 365.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 446.04 365.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.37 365.90 Td ( ) Tj ET Q q 0 0 0 rg BT 465.55 365.90 Td (as ) Tj ET Q q 0 0 0 rg BT 475.96 365.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 512.78 365.90 Td (to ) Tj ET Q q 0 0 0 rg BT 521.45 365.90 Td (the ) Tj ET Q q 0 0 0 rg BT 534.46 365.90 Td (same ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 354.50 Td (period ) Tj ET Q q 0 0 0 rg BT 73.32 354.50 Td (in ) Tj ET Q q 0 0 0 rg BT 81.55 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 94.55 354.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 112.30 354.50 Td (year:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 338 m 265 338 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 338 m 337 338 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 338 m 409 338 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 338 m 481 338 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 338 m 553 338 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 312 m 265 312 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 312 m 337 312 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 312 m 409 312 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 312 m 481 312 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 312 m 553 312 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 312 m 337 312 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 312 m 409 312 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 312 m 481 312 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 312 m 553 312 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 273 m 265 273 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 273 m 337 273 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 273 m 409 273 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 273 m 481 273 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 273 m 553 273 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.30 328.58 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.65 328.58 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.15 315.58 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 388.15 315.58 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.15 315.58 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 315.58 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 302.58 Td (FFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 302.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.70 302.58 Td (0.24) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 302.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.70 302.58 Td (0.27) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 302.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.70 302.58 Td (0.73) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 302.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.70 302.58 Td (0.74) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 289.58 Td (Core- FFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.70 289.58 Td (0.25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.70 289.58 Td (0.28) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.70 289.58 Td (0.77) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.70 289.58 Td (0.76) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 276.58 Td (AFFO per unit \(diluted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 276.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.70 276.58 Td (0.22) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 276.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 390.70 276.58 Td (0.23) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 276.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.70 276.58 Td (0.65) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 276.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.70 276.58 Td (0.61) Tj ET Q BT /F1 10.00 Tf ET 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 (The following table reconciles ) Tj ET Q q 0 0 0 rg BT 153.44 742.10 Td (AFFO from cash flow from operating activities for the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 337.48 742.10 Td (three and nine months ended September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.61 742.10 Td ( and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.94 742.10 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.27 742.10 Td (: ) Tj ET Q 1 1 1 rg /GS0 gs 50.00 702.60 216.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 702.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 702.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 689.60 216.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 689.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 689.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 676.60 216.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 676.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 676.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 663.60 216.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 663.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 663.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 650.60 216.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 650.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 650.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 637.60 216.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 637.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 637.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 624.60 216.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 624.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 624.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 611.60 216.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 611.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 611.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 598.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 598.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 585.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 585.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 572.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 572.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 559.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 559.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.00 546.60 216.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.00 546.60 72.00 -13.00 re f /GS0 gs 1 1 1 rg /GS0 gs 482.00 546.60 72.00 -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 50 731.6 m 266 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 731.6 m 338 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 731.6 m 410 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 731.6 m 482 731.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 731.6 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 266 702.6 m 338 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 702.6 m 410 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 702.6 m 482 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 702.6 m 554 702.6 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 266 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 702.6 m 338 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 702.6 m 410 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 702.6 m 482 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 702.6 m 554 702.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 533.6 m 266 533.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 533.6 m 338 533.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 533.6 m 410 533.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 533.6 m 482 533.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 533.6 m 554 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 520.6 m 266 520.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 533.6 m 338 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 520.6 m 338 520.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 533.6 m 410 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 520.6 m 410 520.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 533.6 m 482 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 520.6 m 482 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 520.6 m 554 520.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 722.13 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 722.13 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 707.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 707.13 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 707.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 707.13 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 693.18 Td (Cash flow from operating activities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 693.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 693.23 Td (13,143) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 693.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 693.18 Td (5,797) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 693.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 693.18 Td (21,345) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 693.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 693.18 Td (19,585) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 680.18 Td (Add \(deduct\):) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 667.18 Td (Working capital items) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.80 667.23 Td (\(4,626) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 667.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 667.18 Td (612) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 667.18 Td (1,454) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 667.18 Td (\(6,939) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 667.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 654.18 Td (Principal repayments on finance lease receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.90 654.18 Td (518) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 654.18 Td (341) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 654.18 Td (1,531) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 654.18 Td (385) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 641.18 Td (Distributions paid to Class B LP unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.90 641.18 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 641.18 Td (951) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 641.18 Td (2,973) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 641.18 Td (2,854) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 628.18 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.20 628.18 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 628.18 Td (1,495) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.90 628.18 Td (221) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 628.18 Td (1,723) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 615.18 Td (Guaranteed income supplement) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.90 615.18 Td (352) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 615.18 Td (246) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.90 615.18 Td (946) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 615.18 Td (488) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 602.18 Td (Interest rate subsidy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.90 602.18 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 602.18 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.90 602.18 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 602.18 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 589.18 Td (Income from equity accounted investment) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.10 589.23 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 589.18 Td (107) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.10 589.18 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 589.18 Td (2,547) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 576.18 Td (Adjustment on acquisition of Data Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.10 576.23 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 576.18 Td (316) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.10 576.18 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.90 576.18 Td (316) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 563.18 Td (Fair value adjustment in equity accounted investment) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.10 563.23 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 563.18 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.10 563.18 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 563.18 Td (\(2,508) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 563.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 550.18 Td (Non-controlling interests) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.10 550.23 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.30 550.18 Td (\(138) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 550.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.10 550.18 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 550.18 Td (\(138) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 550.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 537.18 Td (Normalized direct leasing and capital costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.80 537.23 Td (\(1,497) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 537.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.80 537.18 Td (\(1,433) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 537.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.80 537.18 Td (\(4,044) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 537.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 537.18 Td (\(2,996) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 537.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 524.18 Td (AFFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 524.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 524.18 Td (9,004) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 524.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 524.18 Td (8,294) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 524.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 524.18 Td (24,534) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 524.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 524.18 Td (15,317) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 503.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 503.70 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 503.70 Td (table ) Tj ET Q q 0 0 0 rg BT 116.63 503.70 Td (reconciles ) Tj ET Q q 0 0 0 rg BT 153.44 503.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 176.39 503.70 Td (from ) Tj ET Q q 0 0 0 rg BT 194.13 503.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 210.15 503.70 Td (for ) Tj ET Q q 0 0 0 rg BT 221.41 503.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 234.41 503.70 Td (three ) Tj ET Q q 0 0 0 rg BT 254.33 503.70 Td (and ) Tj ET Q q 0 0 0 rg BT 269.50 503.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 286.39 503.70 Td (months ) Tj ET Q q 0 0 0 rg BT 314.11 503.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 337.94 503.70 Td (September ) Tj ET Q q 0 0 0 rg BT 378.21 503.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 391.21 503.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 408.54 503.70 Td ( ) Tj ET Q q 0 0 0 rg BT 410.71 503.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.87 503.70 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 443.20 503.70 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 487.2 m 265 487.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 487.2 m 337 487.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 487.2 m 409 487.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 487.2 m 481 487.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 487.2 m 553 487.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 458.2 m 265 458.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 458.2 m 337 458.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 458.2 m 409 458.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 458.2 m 481 458.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 458.2 m 553 458.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 458.2 m 337 458.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 458.2 m 409 458.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 458.2 m 481 458.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 458.2 m 553 458.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 341.2 m 337 341.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 341.2 m 409 341.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 341.2 m 481 341.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 341.2 m 553 341.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 341.2 m 265 341.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 328.2 m 265 328.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 341.2 m 337 341.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 328.2 m 337 328.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 341.2 m 409 341.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 328.2 m 409 328.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 341.2 m 481 341.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 328.2 m 481 328.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 341.2 m 553 341.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 328.2 m 553 328.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.30 477.73 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.65 477.73 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.15 462.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 388.15 462.73 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.15 462.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 462.73 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 448.78 Td (Net operating income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 448.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 448.83 Td (14,446) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 448.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.05 448.78 Td (13,887) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 448.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 448.78 Td (38,980) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 448.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 448.78 Td (28,647) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 435.78 Td (Add \(deduct\):) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 422.78 Td (General and administrative) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.80 422.83 Td (\(1,168) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 422.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.80 422.78 Td (\(1,121) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 422.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.80 422.78 Td (\(3,130) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 422.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 422.78 Td (\(2,512) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 422.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 409.78 Td (Finance lease payments received) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.40 409.78 Td (1,524) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 409.78 Td (1,067) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.40 409.78 Td (4,574) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.40 409.78 Td (1,284) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 396.78 Td (Other earnings from equity accounted investments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.10 396.83 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.60 396.78 Td (\(66) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 396.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 470.10 396.78 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.30 396.78 Td (\(307) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 396.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 383.78 Td (Cash interest) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.80 383.83 Td (\(4,761) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 383.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.80 383.78 Td (\(4,286) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 383.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.45 383.78 Td (\(12,900) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 383.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 383.78 Td (\(9,287) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 383.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 370.78 Td (Interest rate subsidy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 370.78 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.10 370.78 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 370.78 Td (108) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.10 370.78 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 357.78 Td (Guaranteed income supplement) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.90 357.78 Td (352) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.90 357.78 Td (246) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 464.90 357.78 Td (946) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 536.90 357.78 Td (488) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 344.78 Td (Normalized direct leasing and capital costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.80 344.83 Td (\(1,497) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 333.90 344.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.80 344.78 Td (\(1,433) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.90 344.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.80 344.78 Td (\(4,044) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 477.90 344.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.80 344.78 Td (\(2,996) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.90 344.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 331.78 Td (AFFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 331.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.40 331.78 Td (9,004) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.50 331.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.40 331.78 Td (8,294) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 411.50 331.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.05 331.78 Td (24,534) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 483.50 331.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 331.78 Td (15,317) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 311.30 Td (DISTRIBUTIONS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 293.90 Td (During ) Tj ET Q q 0 0 0 rg BT 75.00 293.90 Td (the ) Tj ET Q q 0 0 0 rg BT 87.89 293.90 Td (year) Tj ET Q q 0 0 0 rg BT 102.61 293.90 Td (, ) Tj ET Q q 0 0 0 rg BT 106.84 293.90 Td (the ) Tj ET Q q 0 0 0 rg BT 119.72 293.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 137.33 293.90 Td ( ) Tj ET Q q 0 0 0 rg BT 139.39 293.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 156.17 293.90 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 188.54 293.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 232.17 293.90 Td (of ) Tj ET Q q 0 0 0 rg BT 240.72 293.90 Td ($0.1875 ) Tj ET Q q 0 0 0 rg BT 270.94 293.90 Td (per ) Tj ET Q q 0 0 0 rg BT 284.25 293.90 Td (unit, ) Tj ET Q q 0 0 0 rg BT 301.04 293.90 Td (or ) Tj ET Q q 0 0 0 rg BT 310.02 293.90 Td ($0.75 ) Tj ET Q q 0 0 0 rg BT 331.57 293.90 Td (per ) Tj ET Q q 0 0 0 rg BT 344.88 293.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 359.50 293.90 Td (on ) Tj ET Q q 0 0 0 rg BT 370.22 293.90 Td (an ) Tj ET Q q 0 0 0 rg BT 380.94 293.90 Td (annualized ) Tj ET Q q 0 0 0 rg BT 420.68 293.90 Td (basis. ) Tj ET Q q 0 0 0 rg BT 443.09 293.90 Td ( ) Tj ET Q q 0 0 0 rg BT 445.15 293.90 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 490.07 293.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 506.85 293.90 Td (to ) Tj ET Q q 0 0 0 rg BT 515.41 293.90 Td (unitholders ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 282.50 Td (are ) Tj ET Q q 0 0 0 rg BT 63.42 282.50 Td (paid ) Tj ET Q q 0 0 0 rg BT 80.32 282.50 Td (at ) Tj ET Q q 0 0 0 rg BT 88.98 282.50 Td (the ) Tj ET Q q 0 0 0 rg BT 101.98 282.50 Td (same ) Tj ET Q q 0 0 0 rg BT 123.20 282.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 138.79 282.50 Td (to ) Tj ET Q q 0 0 0 rg BT 147.46 282.50 Td (holders ) Tj ET Q q 0 0 0 rg BT 175.17 282.50 Td (of ) Tj ET Q q 0 0 0 rg BT 183.84 282.50 Td (the ) Tj ET Q q 0 0 0 rg BT 196.84 282.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 222.14 282.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 243.78 282.50 Td (B ) Tj ET Q q 0 0 0 rg BT 251.14 282.50 Td (LP) Tj ET Q q 0 0 0 rg BT 260.54 282.50 Td ( ) Tj ET Q q 0 0 0 rg BT 262.70 282.50 Td (units ) Tj ET Q q 0 0 0 rg BT 281.33 282.50 Td (and ) Tj ET Q q 0 0 0 rg BT 296.49 282.50 Td (are ) Tj ET Q q 0 0 0 rg BT 309.92 282.50 Td (paid ) Tj ET Q q 0 0 0 rg BT 326.81 282.50 Td (on ) Tj ET Q q 0 0 0 rg BT 337.64 282.50 Td (or ) Tj ET Q q 0 0 0 rg BT 346.74 282.50 Td (about ) Tj ET Q q 0 0 0 rg BT 368.40 282.50 Td (the ) Tj ET Q q 0 0 0 rg BT 381.40 282.50 Td (15) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 390.06 284.93 Td (th) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.29 282.50 Td ( ) Tj ET Q q 0 0 0 rg BT 396.45 282.50 Td (day ) Tj ET Q q 0 0 0 rg BT 411.18 282.50 Td (of ) Tj ET Q q 0 0 0 rg BT 419.85 282.50 Td (the ) Tj ET Q q 0 0 0 rg BT 432.84 282.50 Td (month ) Tj ET Q q 0 0 0 rg BT 456.66 282.50 Td (following ) Tj ET Q q 0 0 0 rg BT 489.14 282.50 Td (declaration. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.96 265.10 Td (following ) Tj ET Q q 0 0 0 rg BT 98.80 265.10 Td (table ) Tj ET Q q 0 0 0 rg BT 118.23 265.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 162.76 265.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 206.87 265.10 Td (made ) Tj ET Q q 0 0 0 rg BT 228.89 265.10 Td (during ) Tj ET Q q 0 0 0 rg BT 253.08 265.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 266.44 265.10 Td (three ) Tj ET Q q 0 0 0 rg BT 286.73 265.10 Td (months ) Tj ET Q q 0 0 0 rg BT 314.82 265.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 339.02 265.10 Td (September ) Tj ET Q q 0 0 0 rg BT 379.66 265.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 393.02 265.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.35 265.10 Td ( ) Tj ET Q q 0 0 0 rg BT 412.89 265.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.42 265.10 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 445.75 265.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.29 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.32 265.10 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 497.97 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.00 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.37 265.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 537.98 265.10 Td ( ) Tj ET Q q 0 0 0 rg BT 540.51 265.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 253.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 71.64 253.70 Td (B ) Tj ET Q q 0 0 0 rg BT 79.01 253.70 Td (LP) Tj ET Q q 0 0 0 rg BT 88.40 253.70 Td ( ) Tj ET Q q 0 0 0 rg BT 90.57 253.70 Td (unitholders: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 237.20000000000005 m 193.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 223.20000000000005 m 193.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 237.20000000000005 m 253.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193.5 223.20000000000005 m 253.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 237.20000000000005 m 313.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 223.20000000000005 m 313.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 237.20000000000005 m 373.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 223.20000000000005 m 373.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 237.20000000000005 m 433.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 223.20000000000005 m 433.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 237.20000000000005 m 493.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.5 223.20000000000005 m 493.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 237.20000000000005 m 553.5 237.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 223.20000000000005 m 553.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 194.20000000000005 m 193.5 194.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193.5 194.20000000000005 m 253.5 194.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 194.20000000000005 m 313.5 194.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 194.20000000000005 m 373.5 194.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 194.20000000000005 m 433.5 194.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.5 194.20000000000005 m 493.5 194.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 194.20000000000005 m 553.5 194.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 194.20000000000005 m 433.5 194.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.5 194.20000000000005 m 493.5 194.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 166.20000000000005 m 193.5 166.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193.5 166.20000000000005 m 253.5 166.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 166.20000000000005 m 313.5 166.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 166.20000000000005 m 373.5 166.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 166.20000000000005 m 433.5 166.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.5 166.20000000000005 m 493.5 166.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 166.20000000000005 m 553.5 166.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 152.20000000000005 m 193.5 152.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 152.20000000000005 m 253.5 152.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 152.20000000000005 m 313.5 152.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 152.20000000000005 m 373.5 152.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 152.20000000000005 m 433.5 152.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.5 166.20000000000005 m 493.5 166.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 152.20000000000005 m 493.5 152.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.5 166.20000000000005 m 553.5 166.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 152.20000000000005 m 553.5 152.20000000000005 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 218.45 227.73 Td (Three months ended September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.30 227.73 Td (Three months ended September 30, 2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 277.05 212.73 Td ( Class B) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.15 212.73 Td (Class B) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 208.00 198.73 Td ( Trust units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 279.40 198.73 Td (LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.95 198.73 Td (Total) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 198.73 Td (Trust units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.95 198.73 Td (LP units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.50 198.73 Td (Total) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 184.73 Td (Distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 196.00 184.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 230.85 184.73 Td (6,871) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.00 184.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.40 184.73 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.00 184.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 350.90 184.73 Td (7,862) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.00 184.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.90 184.73 Td (5,713) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 436.00 184.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 184.73 Td (951) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 496.00 184.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.90 184.73 Td (6,664) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 170.73 Td (Distributions reinvested in trust units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 237.35 170.73 Td (139) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.60 170.73 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 357.40 170.73 Td (139) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.40 170.73 Td (338) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.60 170.73 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.40 170.73 Td (338) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 156.73 Td (Distributions made in cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 196.00 156.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 230.85 156.73 Td (6,732) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.00 156.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.40 156.73 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.00 156.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 350.90 156.73 Td (7,723) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 376.00 156.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.90 156.73 Td (5,375) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 436.00 156.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 156.73 Td (951) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 496.00 156.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.90 156.73 Td (6,326) Tj ET Q BT /F1 10.00 Tf ET 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 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.65 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 98.18 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 117.30 742.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 161.51 742.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 205.31 742.10 Td (made ) Tj ET Q q 0 0 0 rg BT 227.02 742.10 Td (during ) Tj ET Q q 0 0 0 rg BT 250.90 742.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 263.95 742.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 280.91 742.10 Td (months ) Tj ET Q q 0 0 0 rg BT 308.68 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 332.57 742.10 Td (September ) Tj ET Q q 0 0 0 rg BT 372.90 742.10 Td (30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.73 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.95 742.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.17 742.10 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 418.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.73 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.45 742.10 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 469.79 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.51 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.56 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 509.17 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.40 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.62 742.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 548.32 742.10 Td (B ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 730.70 Td (LP) Tj ET Q q 0 0 0 rg BT 59.39 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 61.56 730.70 Td (unitholders: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 714.2 m 193.25 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.25 700.2 m 193.25 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.25 714.2 m 253.25 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193.25 700.2 m 253.25 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.25 714.2 m 313.25 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.25 700.2 m 313.25 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.25 714.2 m 373.25 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.25 700.2 m 373.25 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.25 714.2 m 433.25 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.25 700.2 m 433.25 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 714.2 m 493.25 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.25 700.2 m 493.25 700.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.25 714.2 m 553.25 714.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.25 700.2 m 553.25 700.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.25 671.2 m 193.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193.25 671.2 m 253.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.25 671.2 m 313.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.25 671.2 m 373.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.25 671.2 m 433.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.25 671.2 m 493.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.25 671.2 m 553.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193.25 671.2 m 253.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.25 671.2 m 313.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.25 671.2 m 433.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.25 671.2 m 493.25 671.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.25 643.2 m 193.25 643.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 193.25 643.2 m 253.25 643.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.25 643.2 m 313.25 643.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.25 643.2 m 373.25 643.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.25 643.2 m 433.25 643.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.25 643.2 m 493.25 643.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.25 643.2 m 553.25 643.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.25 629.2 m 193.25 629.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.25 629.2 m 253.25 629.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.25 629.2 m 313.25 629.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.25 629.2 m 373.25 629.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.25 629.2 m 433.25 629.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 433.25 643.2 m 493.25 643.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.25 629.2 m 493.25 629.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 493.25 643.2 m 553.25 643.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.25 629.2 m 553.25 629.2 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 222.50 704.73 Td (Nine months ended September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.40 704.73 Td (Nine months ended September 30, 2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 276.80 689.73 Td ( Class B) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.90 689.73 Td (Class B) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 207.75 675.73 Td ( Trust units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 279.15 675.73 Td (LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.70 675.73 Td (Total) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.65 675.73 Td (Trust units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.70 675.73 Td (LP units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.25 675.73 Td (Total) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 661.73 Td (Distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 195.75 661.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.25 661.73 Td (18,424) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.75 661.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.65 661.73 Td (2,973) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.75 661.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 346.30 661.73 Td (21,397) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.75 661.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.30 661.73 Td (12,292) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.75 661.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.65 661.73 Td (2,854) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.75 661.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.30 661.73 Td (15,146) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 647.73 Td (Distributions reinvested in trust units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 237.10 647.73 Td (586) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 302.35 647.73 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 357.15 647.73 Td (586) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.15 647.73 Td (615) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.35 647.73 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.15 647.73 Td (615) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.75 633.73 Td (Distributions made in cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 195.75 633.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.25 633.73 Td (17,838) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.75 633.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.65 633.73 Td (2,973) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.75 633.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 346.30 633.73 Td (20,811) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.75 633.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.30 633.73 Td (11,677) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.75 633.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 470.65 633.73 Td (2,854) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.75 633.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.30 633.73 Td (14,531) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 612.30 Td (The ) Tj ET Q q 0 0 0 rg BT 66.40 612.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.01 612.30 Td ( ) Tj ET Q q 0 0 0 rg BT 86.99 612.30 Td (has ) Tj ET Q q 0 0 0 rg BT 102.53 612.30 Td (a ) Tj ET Q q 0 0 0 rg BT 109.85 612.30 Td (distribution ) Tj ET Q q 0 0 0 rg BT 150.50 612.30 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 198.09 612.30 Td (plan ) Tj ET Q q 0 0 0 rg BT 215.79 612.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 232.20 612.30 Td (DRIP\), ) Tj ET Q q 0 0 0 rg BT 263.73 612.30 Td (where ) Tj ET Q q 0 0 0 rg BT 287.92 612.30 Td (eligible ) Tj ET Q q 0 0 0 rg BT 315.16 612.30 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 358.41 612.30 Td (which ) Tj ET Q q 0 0 0 rg BT 381.31 612.30 Td (include ) Tj ET Q q 0 0 0 rg BT 408.98 612.30 Td (holders ) Tj ET Q q 0 0 0 rg BT 437.51 612.30 Td (of ) Tj ET Q q 0 0 0 rg BT 446.99 612.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 469.44 612.30 Td (B ) Tj ET Q q 0 0 0 rg BT 477.62 612.30 Td (LP) Tj ET Q q 0 0 0 rg BT 487.01 612.30 Td ( ) Tj ET Q q 0 0 0 rg BT 489.99 612.30 Td (units, ) Tj ET Q q 0 0 0 rg BT 511.60 612.30 Td (that ) Tj ET Q q 0 0 0 rg BT 527.58 612.30 Td (elect ) Tj ET Q q 0 0 0 rg BT 547.01 612.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 600.90 Td (participate ) Tj ET Q q 0 0 0 rg BT 88.44 600.90 Td (in ) Tj ET Q q 0 0 0 rg BT 97.00 600.90 Td (the ) Tj ET Q q 0 0 0 rg BT 110.33 600.90 Td (DRIP) Tj ET Q q 0 0 0 rg BT 128.80 600.90 Td ( ) Tj ET Q q 0 0 0 rg BT 131.29 600.90 Td (will ) Tj ET Q q 0 0 0 rg BT 144.60 600.90 Td (have ) Tj ET Q q 0 0 0 rg BT 163.99 600.90 Td (their ) Tj ET Q q 0 0 0 rg BT 181.64 600.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 200.60 600.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 244.67 600.90 Td (used ) Tj ET Q q 0 0 0 rg BT 264.06 600.90 Td (to ) Tj ET Q q 0 0 0 rg BT 273.05 600.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 307.60 600.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 325.25 600.90 Td (units ) Tj ET Q q 0 0 0 rg BT 344.20 600.90 Td (of ) Tj ET Q q 0 0 0 rg BT 353.20 600.90 Td (the ) Tj ET Q q 0 0 0 rg BT 366.52 600.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 383.40 600.90 Td (. ) Tj ET Q q 0 0 0 rg BT 388.06 600.90 Td ( ) Tj ET Q q 0 0 0 rg BT 390.41 600.90 Td (The ) Tj ET Q q 0 0 0 rg BT 406.33 600.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 450.39 600.90 Td (declared ) Tj ET Q q 0 0 0 rg BT 482.77 600.90 Td (during ) Tj ET Q q 0 0 0 rg BT 506.92 600.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.25 600.90 Td (three ) Tj ET Q q 0 0 0 rg BT 540.50 600.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 589.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 66.64 589.50 Td (months ) Tj ET Q q 0 0 0 rg BT 94.10 589.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 117.68 589.50 Td (September ) Tj ET Q q 0 0 0 rg BT 157.70 589.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 170.44 589.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 187.77 589.50 Td ( ) Tj ET Q q 0 0 0 rg BT 189.69 589.50 Td (resulted ) Tj ET Q q 0 0 0 rg BT 219.31 589.50 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 227.29 589.50 Td (16,368) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 251.12 589.50 Td ( ) Tj ET Q q 0 0 0 rg BT 253.03 589.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 267.94 589.50 Td (78,226) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 291.77 589.50 Td ( ) Tj ET Q q 0 0 0 rg BT 293.68 589.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 310.75 589.50 Td (units ) Tj ET Q q 0 0 0 rg BT 329.12 589.50 Td (issued/ ) Tj ET Q q 0 0 0 rg BT 355.72 589.50 Td (issuable ) Tj ET Q q 0 0 0 rg BT 386.22 589.50 Td (under ) Tj ET Q q 0 0 0 rg BT 408.06 589.50 Td (the ) Tj ET Q q 0 0 0 rg BT 420.80 589.50 Td (DRIP) Tj ET Q q 0 0 0 rg BT 438.41 589.50 Td (, ) Tj ET Q q 0 0 0 rg BT 442.49 589.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 483.05 589.50 Td (. ) Tj ET Q q 0 0 0 rg BT 487.13 589.50 Td ( ) Tj ET Q q 0 0 0 rg BT 489.05 589.50 Td (For ) Tj ET Q q 0 0 0 rg BT 502.64 589.50 Td (the ) Tj ET Q q 0 0 0 rg BT 515.39 589.50 Td (September ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 69.39 578.10 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 111.29 578.10 Td (approximately ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 161.85 578.10 Td (2.0%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 179.61 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.67 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.23 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.12 578.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 220.33 578.10 Td (units ) Tj ET Q q 0 0 0 rg BT 238.85 578.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 281.20 578.10 Td (subscribed ) Tj ET Q q 0 0 0 rg BT 320.93 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.49 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.38 578.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 361.72 578.10 Td (s ) Tj ET Q q 0 0 0 rg BT 367.68 578.10 Td (DRIP) Tj ET Q q 0 0 0 rg BT 385.29 578.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.38 578.10 Td (T) Tj ET Q q 0 0 0 rg BT 393.28 578.10 Td (o ) Tj ET Q q 0 0 0 rg BT 399.67 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.56 578.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 435.85 578.10 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 476.02 578.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 514.03 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.15 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.04 578.10 Td (DRIP) Tj ET Q q 0 0 0 rg BT 553.51 578.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 566.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 85.52 566.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 104.14 566.70 Td (will ) Tj ET Q q 0 0 0 rg BT 117.12 566.70 Td (be ) Tj ET Q q 0 0 0 rg BT 127.96 566.70 Td (retained ) Tj ET Q q 0 0 0 rg BT 158.27 566.70 Td (by ) Tj ET Q q 0 0 0 rg BT 168.67 566.70 Td (the ) Tj ET Q q 0 0 0 rg BT 181.67 566.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 198.55 566.70 Td (. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 543.30 Td (AFFO P) Tj ET Q q 0 0 0 rg BT 78.00 543.30 Td (A) Tj ET Q q 0 0 0 rg BT 82.90 543.30 Td (YOUT RA) Tj ET Q q 0 0 0 rg BT 117.38 543.30 Td (TIO) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 525.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.81 525.90 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 87.31 525.90 Td (payout ) Tj ET Q q 0 0 0 rg BT 112.43 525.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 129.31 525.90 Td (is ) Tj ET Q q 0 0 0 rg BT 136.66 525.90 Td (a ) Tj ET Q q 0 0 0 rg BT 142.71 525.90 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 177.77 525.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 209.81 525.90 Td (that ) Tj ET Q q 0 0 0 rg BT 224.53 525.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 255.70 525.90 Td (a ) Tj ET Q q 0 0 0 rg BT 261.76 525.90 Td (representation ) Tj ET Q q 0 0 0 rg BT 313.29 525.90 Td (of ) Tj ET Q q 0 0 0 rg BT 321.51 525.90 Td (the ) Tj ET Q q 0 0 0 rg BT 334.07 525.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 377.36 525.90 Td (made ) Tj ET Q q 0 0 0 rg BT 398.57 525.90 Td (by ) Tj ET Q q 0 0 0 rg BT 408.53 525.90 Td (the ) Tj ET Q q 0 0 0 rg BT 421.08 525.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 438.69 525.90 Td ( ) Tj ET Q q 0 0 0 rg BT 440.42 525.90 Td (to ) Tj ET Q q 0 0 0 rg BT 448.64 525.90 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 488.48 525.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 524.84 525.90 Td (to ) Tj ET Q q 0 0 0 rg BT 532.73 525.90 Td (AFFO ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 514.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 87.38 514.50 Td (by ) Tj ET Q q 0 0 0 rg BT 97.91 514.50 Td (the ) Tj ET Q q 0 0 0 rg BT 111.03 514.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 127.91 514.50 Td (. ) Tj ET Q q 0 0 0 rg BT 132.37 514.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 180.14 514.50 Td (uses ) Tj ET Q q 0 0 0 rg BT 198.89 514.50 Td (this ) Tj ET Q q 0 0 0 rg BT 213.31 514.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 245.92 514.50 Td (on ) Tj ET Q q 0 0 0 rg BT 256.88 514.50 Td (a ) Tj ET Q q 0 0 0 rg BT 263.50 514.50 Td (total ) Tj ET Q q 0 0 0 rg BT 280.53 514.50 Td (and ) Tj ET Q q 0 0 0 rg BT 295.82 514.50 Td (per ) Tj ET Q q 0 0 0 rg BT 309.37 514.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 324.23 514.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 344.71 514.50 Td (to ) Tj ET Q q 0 0 0 rg BT 353.50 514.50 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 385.25 514.50 Td (the ) Tj ET Q q 0 0 0 rg BT 398.38 514.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 423.81 514.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 446.02 514.50 Td (to ) Tj ET Q q 0 0 0 rg BT 454.82 514.50 Td (sustain ) Tj ET Q q 0 0 0 rg BT 481.80 514.50 Td (its ) Tj ET Q q 0 0 0 rg BT 491.89 514.50 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 537.92 514.50 Td ( ) Tj ET Q q 0 0 0 rg BT 540.07 514.50 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 73.12 503.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 98.86 503.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 116.36 503.10 Td (is ) Tj ET Q q 0 0 0 rg BT 124.33 503.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 161.76 503.10 Td (by ) Tj ET Q q 0 0 0 rg BT 172.33 503.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 201.09 503.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 238.52 503.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 282.44 503.10 Td (made ) Tj ET Q q 0 0 0 rg BT 304.27 503.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.68 503.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 340.57 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.42 503.10 Td (units ) Tj ET Q q 0 0 0 rg BT 368.22 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.06 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.24 503.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 407.85 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.19 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.53 503.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 447.36 503.10 Td (B ) Tj ET Q q 0 0 0 rg BT 454.90 503.10 Td (LP) Tj ET Q q 0 0 0 rg BT 464.29 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.63 503.10 Td (units ) Tj ET Q q 0 0 0 rg BT 485.44 503.10 Td (by ) Tj ET Q q 0 0 0 rg BT 495.55 503.10 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 518.67 503.10 Td (during ) Tj ET Q q 0 0 0 rg BT 542.67 503.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 491.70 Td (period ) Tj ET Q q 0 0 0 rg BT 73.82 491.70 Td (of ) Tj ET Q q 0 0 0 rg BT 82.49 491.70 Td (measurement. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 474.30 Td (One ) Tj ET Q q 0 0 0 rg BT 66.27 474.30 Td (of ) Tj ET Q q 0 0 0 rg BT 74.31 474.30 Td (the ) Tj ET Q q 0 0 0 rg BT 86.68 474.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 111.36 474.30 Td (key ) Tj ET Q q 0 0 0 rg BT 125.02 474.30 Td (objectives ) Tj ET Q q 0 0 0 rg BT 161.21 474.30 Td (is ) Tj ET Q q 0 0 0 rg BT 168.38 474.30 Td (to ) Tj ET Q q 0 0 0 rg BT 176.42 474.30 Td (maintain ) Tj ET Q q 0 0 0 rg BT 207.41 474.30 Td (a ) Tj ET Q q 0 0 0 rg BT 213.29 474.30 Td (conservative ) Tj ET Q q 0 0 0 rg BT 258.26 474.30 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 280.58 474.30 Td (payout ) Tj ET Q q 0 0 0 rg BT 305.51 474.30 Td (ratio ) Tj ET Q q 0 0 0 rg BT 322.21 474.30 Td (to ) Tj ET Q q 0 0 0 rg BT 330.25 474.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 361.25 474.30 Td (to ) Tj ET Q q 0 0 0 rg BT 369.29 474.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 396.38 474.30 Td (steady ) Tj ET Q q 0 0 0 rg BT 420.88 474.30 Td (and ) Tj ET Q q 0 0 0 rg BT 435.42 474.30 Td (reliable ) Tj ET Q q 0 0 0 rg BT 462.08 474.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 505.19 474.30 Td (to ) Tj ET Q q 0 0 0 rg BT 513.23 474.30 Td (unitholders. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 462.90 Td (As ) Tj ET Q q 0 0 0 rg BT 61.55 462.90 Td (a ) Tj ET Q q 0 0 0 rg BT 68.34 462.90 Td (result, ) Tj ET Q q 0 0 0 rg BT 92.02 462.90 Td (the ) Tj ET Q q 0 0 0 rg BT 105.31 462.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 122.92 462.90 Td ( ) Tj ET Q q 0 0 0 rg BT 125.38 462.90 Td (is ) Tj ET Q q 0 0 0 rg BT 133.46 462.90 Td (focused ) Tj ET Q q 0 0 0 rg BT 163.21 462.90 Td (on ) Tj ET Q q 0 0 0 rg BT 174.33 462.90 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 216.63 462.90 Td (a ) Tj ET Q q 0 0 0 rg BT 223.42 462.90 Td (policy ) Tj ET Q q 0 0 0 rg BT 245.80 462.90 Td (that ) Tj ET Q q 0 0 0 rg BT 261.26 462.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 293.16 462.90 Td (a ) Tj ET Q q 0 0 0 rg BT 299.96 462.90 Td (high ) Tj ET Q q 0 0 0 rg BT 317.14 462.90 Td (level ) Tj ET Q q 0 0 0 rg BT 335.62 462.90 Td (of ) Tj ET Q q 0 0 0 rg BT 344.58 462.90 Td (certainty ) Tj ET Q q 0 0 0 rg BT 376.49 462.90 Td (that ) Tj ET Q q 0 0 0 rg BT 391.94 462.90 Td (the ) Tj ET Q q 0 0 0 rg BT 405.23 462.90 Td (distribution ) Tj ET Q q 0 0 0 rg BT 445.37 462.90 Td (will ) Tj ET Q q 0 0 0 rg BT 458.64 462.90 Td (be ) Tj ET Q q 0 0 0 rg BT 469.76 462.90 Td (maintained ) Tj ET Q q 0 0 0 rg BT 510.33 462.90 Td (or ) Tj ET Q q 0 0 0 rg BT 519.72 462.90 Td (increased ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 451.50 Td (over ) Tj ET Q q 0 0 0 rg BT 67.32 451.50 Td (time. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (For ) Tj ET Q q 0 0 0 rg BT 63.84 434.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.83 434.10 Td (three ) Tj ET Q q 0 0 0 rg BT 96.75 434.10 Td (months ) Tj ET Q q 0 0 0 rg BT 124.46 434.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 148.28 434.10 Td (September ) Tj ET Q q 0 0 0 rg BT 188.54 434.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 201.53 434.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.86 434.10 Td (, ) Tj ET Q q 0 0 0 rg BT 223.19 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.75 434.10 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 258.69 434.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 284.24 434.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 301.55 434.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.56 434.10 Td (87.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.65 434.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.98 434.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 380.78 434.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.43 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.42 434.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 427.97 434.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 445.29 434.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 453.95 434.10 Td (80.3%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.04 434.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.19 434.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.44 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.43 434.10 Td (same ) Tj ET Q q 0 0 0 rg BT 523.64 434.10 Td (period ) Tj ET Q q 0 0 0 rg BT 547.46 434.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 422.70 Td (2015. ) Tj ET Q q 0 0 0 rg BT 71.72 422.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.52 422.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 121.95 422.70 Td (in ) Tj ET Q q 0 0 0 rg BT 130.38 422.70 Td (the ) Tj ET Q q 0 0 0 rg BT 143.12 422.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 166.28 422.70 Td (pay-out ) Tj ET Q q 0 0 0 rg BT 194.64 422.70 Td (ratio ) Tj ET Q q 0 0 0 rg BT 212.17 422.70 Td (in ) Tj ET Q q 0 0 0 rg BT 220.60 422.70 Td (the ) Tj ET Q q 0 0 0 rg BT 233.81 422.70 Td (current ) Tj ET Q q 0 0 0 rg BT 260.43 422.70 Td (year ) Tj ET Q q 0 0 0 rg BT 277.96 422.70 Td (when ) Tj ET Q q 0 0 0 rg BT 298.96 422.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 335.98 422.70 Td (to ) Tj ET Q q 0 0 0 rg BT 344.85 422.70 Td (the ) Tj ET Q q 0 0 0 rg BT 358.06 422.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 376.01 422.70 Td (year ) Tj ET Q q 0 0 0 rg BT 393.54 422.70 Td (is ) Tj ET Q q 0 0 0 rg BT 401.54 422.70 Td (the ) Tj ET Q q 0 0 0 rg BT 414.75 422.70 Td (result ) Tj ET Q q 0 0 0 rg BT 436.18 422.70 Td (of ) Tj ET Q q 0 0 0 rg BT 445.05 422.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 470.38 422.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 500.47 422.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 526.22 422.70 Td (coupled ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 411.30 Td (with ) Tj ET Q q 0 0 0 rg BT 66.51 411.30 Td (strong ) Tj ET Q q 0 0 0 rg BT 90.82 411.30 Td (results ) Tj ET Q q 0 0 0 rg BT 116.42 411.30 Td (from ) Tj ET Q q 0 0 0 rg BT 134.66 411.30 Td (the ) Tj ET Q q 0 0 0 rg BT 148.15 411.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 173.94 411.30 Td (hotel ) Tj ET Q q 0 0 0 rg BT 193.49 411.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 232.53 411.30 Td (in ) Tj ET Q q 0 0 0 rg BT 241.25 411.30 Td (the ) Tj ET Q q 0 0 0 rg BT 254.73 411.30 Td (third ) Tj ET Q q 0 0 0 rg BT 272.55 411.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 299.88 411.30 Td (of ) Tj ET Q q 0 0 0 rg BT 309.04 411.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 329.03 411.30 Td (as ) Tj ET Q q 0 0 0 rg BT 339.91 411.30 Td (well ) Tj ET Q q 0 0 0 rg BT 355.98 411.30 Td (as ) Tj ET Q q 0 0 0 rg BT 366.87 411.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 402.88 411.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 419.39 411.30 Td (contribution ) Tj ET Q q 0 0 0 rg BT 462.32 411.30 Td (from ) Tj ET Q q 0 0 0 rg BT 480.56 411.30 Td (the ) Tj ET Q q 0 0 0 rg BT 494.05 411.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 533.52 411.30 Td (of ) Tj ET Q q 0 0 0 rg BT 542.67 411.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 399.90 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 82.85 399.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 108.34 399.90 Td (in ) Tj ET Q q 0 0 0 rg BT 116.52 399.90 Td (June ) Tj ET Q q 0 0 0 rg BT 135.52 399.90 Td (2016. ) Tj ET Q q 0 0 0 rg BT 157.13 399.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 204.71 399.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 235.40 399.90 Td (that ) Tj ET Q q 0 0 0 rg BT 250.51 399.90 Td (the ) Tj ET Q q 0 0 0 rg BT 263.45 399.90 Td (current ) Tj ET Q q 0 0 0 rg BT 289.81 399.90 Td (distribution ) Tj ET Q q 0 0 0 rg BT 329.59 399.90 Td (level ) Tj ET Q q 0 0 0 rg BT 347.72 399.90 Td (is ) Tj ET Q q 0 0 0 rg BT 355.46 399.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 396.98 399.90 Td (to ) Tj ET Q q 0 0 0 rg BT 405.59 399.90 Td (meet ) Tj ET Q q 0 0 0 rg BT 425.02 399.90 Td (the ) Tj ET Q q 0 0 0 rg BT 437.96 399.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 463.20 399.90 Td (objective ) Tj ET Q q 0 0 0 rg BT 496.06 399.90 Td (to ) Tj ET Q q 0 0 0 rg BT 504.67 399.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 532.33 399.90 Td (a ) Tj ET Q q 0 0 0 rg BT 538.77 399.90 Td (high ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 388.50 Td (level ) Tj ET Q q 0 0 0 rg BT 68.19 388.50 Td (of ) Tj ET Q q 0 0 0 rg BT 76.85 388.50 Td (certainty ) Tj ET Q q 0 0 0 rg BT 108.47 388.50 Td (over ) Tj ET Q q 0 0 0 rg BT 125.79 388.50 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 155.68 388.50 Td (distributions. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.59 371.10 Td (table ) Tj ET Q q 0 0 0 rg BT 84.65 371.10 Td (below ) Tj ET Q q 0 0 0 rg BT 107.17 371.10 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 142.24 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.24 371.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 180.54 371.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 199.17 371.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 215.18 371.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 243.20 371.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.53 371.10 Td (based ) Tj ET Q q 0 0 0 rg BT 270.92 371.10 Td (on ) Tj ET Q q 0 0 0 rg BT 281.33 371.10 Td (AFFO, ) Tj ET Q q 0 0 0 rg BT 306.44 371.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.67 371.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 357.10 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.77 371.10 Td (its ) Tj ET Q q 0 0 0 rg BT 375.73 371.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 394.35 371.10 Td (distributions: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 360.6 m 265.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 360.6 m 337.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 360.6 m 409.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 360.6 m 481.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 360.6 m 553.5 360.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 332.6 m 265.5 332.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 332.6 m 337.5 332.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.5 332.6 m 409.5 332.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 332.6 m 481.5 332.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 332.6 m 553.5 332.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 332.6 m 337.5 332.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.5 332.6 m 409.5 332.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 332.6 m 481.5 332.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 332.6 m 553.5 332.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.5 304.6 m 409.5 304.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 304.6 m 481.5 304.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 304.6 m 553.5 304.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 304.6 m 265.5 304.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 304.6 m 337.5 304.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.5 304.6 m 409.5 304.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 304.6 m 481.5 304.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 304.6 m 553.5 304.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 276.6 m 265.5 276.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 276.6 m 337.5 276.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.5 276.6 m 409.5 276.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 276.6 m 481.5 276.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 276.6 m 553.5 276.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 276.6 m 265.5 276.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.5 276.6 m 409.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 262.6 m 409.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409.5 276.6 m 481.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 262.6 m 481.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 276.6 m 553.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 262.6 m 553.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 262.6 m 265.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 262.6 m 337.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 262.6 m 409.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 262.6 m 481.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 262.6 m 553.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 234.60000000000002 m 265.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 234.60000000000002 m 337.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 234.60000000000002 m 409.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 234.60000000000002 m 481.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 234.60000000000002 m 553.5 234.60000000000002 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.80 351.13 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.15 351.13 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.65 337.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 388.65 337.18 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 460.65 337.18 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.65 337.18 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 323.18 Td (AFFO) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.00 323.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.55 323.13 Td (9,004) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.00 323.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.55 323.13 Td (8,294) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.00 323.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.20 323.13 Td (24,534) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.00 323.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.20 323.13 Td (15,317) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 309.18 Td (REIT unit and Class B LP distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.55 309.13 Td (7,862) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.55 309.13 Td (6,664) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.20 309.13 Td (21,397) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.20 309.13 Td (15,146) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 295.18 Td (Excess of AFFO over distributions declared) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.55 295.13 Td (1,142) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.55 295.13 Td (1,630) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.55 295.13 Td (3,137) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.05 295.13 Td (171) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 281.13 Td (Cash retained from DRIP) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.05 281.13 Td (139) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.05 281.13 Td (338) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.05 281.13 Td (586) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.05 281.13 Td (615) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 267.18 Td (Excess of AFFO over cash distributions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.00 267.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.55 267.13 Td (1,281) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.00 267.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.55 267.13 Td (1,968) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.00 267.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.55 267.13 Td (3,723) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.00 267.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.05 267.13 Td (786) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 253.13 Td (AFFO payout ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.85 253.13 Td (87.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.05 253.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.85 253.13 Td (80.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.05 253.13 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.85 253.13 Td (87.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.05 253.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.85 253.13 Td (98.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.05 253.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 239.13 Td (AFFO payout ratio after DRIP) Tj ET Q q 0 0 0 rg BT 155.05 239.13 Td ( ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 157.22 241.56 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.85 239.13 Td (85.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.05 239.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.85 239.13 Td (76.3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.05 239.13 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.85 239.13 Td (84.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.05 239.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.85 239.13 Td (94.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.05 239.13 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (\(1\) Impact after DRIP) Tj ET Q q 0 0 0 rg BT 108.00 226.10 Td ( represents actual DRIP) Tj ET Q q 0 0 0 rg BT 173.19 226.10 Td ( levels during the period.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 208.70 Td (SEGMENTED ) Tj ET Q q 0 0 0 rg BT 101.00 208.70 Td (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 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 497.22 191.30 Td (three months ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 179.90 Td (ended September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 143.93 179.90 Td ( and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 161.26 179.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 178.59 179.90 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 169.39999999999998 m 266 169.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 169.39999999999998 m 338 169.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 155.39999999999998 m 338 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 169.39999999999998 m 410 169.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 155.39999999999998 m 410 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 169.39999999999998 m 482 169.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 155.39999999999998 m 482 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 169.39999999999998 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 482 155.39999999999998 m 554 155.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 127.39999999999998 m 266 127.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 127.39999999999998 m 338 127.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 127.39999999999998 m 410 127.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 127.39999999999998 m 482 127.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 127.39999999999998 m 554 127.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 127.39999999999998 m 338 127.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 127.39999999999998 m 410 127.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 85.39999999999998 m 410 85.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 85.39999999999998 m 554 85.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 85.39999999999998 m 266 85.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 72.39999999999998 m 266 72.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 85.39999999999998 m 338 85.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 72.39999999999998 m 338 72.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 85.39999999999998 m 410 85.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 72.39999999999998 m 410 72.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 85.39999999999998 m 482 85.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 72.39999999999998 m 482 72.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 85.39999999999998 m 554 85.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 72.39999999999998 m 554 72.39999999999998 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.30 159.93 Td (Three months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 389.15 145.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 145.93 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 320.60 131.93 Td (NOI) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 350.20 131.93 Td (Percentage \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 464.60 131.93 Td (NOI) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 496.35 131.93 Td (Percentage \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 117.98 Td (Atlantic) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 117.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 117.93 Td (7,594) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.35 117.93 Td (52.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 402.55 117.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.50 117.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.40 117.93 Td (7,325) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 117.93 Td (52.7) 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 (Ontario) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 103.93 Td (5,557) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.35 103.93 Td (38.4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 402.55 103.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.40 103.93 Td (4,373) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 103.93 Td (31.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 103.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 89.98 Td (Western) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 89.93 Td (1,298) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.70 89.93 Td (9.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 402.55 89.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.40 89.93 Td (2,189) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 89.93 Td (15.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 89.93 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 75.98 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 76.03 Td (14,449) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.05 75.98 Td (100.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 402.55 75.98 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.50 75.98 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.05 75.98 Td (13,887) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 75.98 Td (100.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 75.98 Td (%) Tj ET Q BT /F1 10.00 Tf ET 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 /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (The following is the REIT's NOI by geographic region for the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 258.86 730.10 Td (nine months ended September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 397.91 730.10 Td ( and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.07 730.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 415.57 730.10 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 432.90 730.10 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 719.6 m 265 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 719.6 m 337 719.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 705.6 m 337 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 719.6 m 409 719.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 705.6 m 409 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 719.6 m 481 719.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 705.6 m 481 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 719.6 m 553 719.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 705.6 m 553 705.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 677.6 m 265 677.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 677.6 m 337 677.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 677.6 m 409 677.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 677.6 m 481 677.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 677.6 m 553 677.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 635.6 m 409 635.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 635.6 m 553 635.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49 635.6 m 265 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 622.6 m 265 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265 635.6 m 337 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 622.6 m 337 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337 635.6 m 409 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 622.6 m 409 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 409 635.6 m 481 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 622.6 m 481 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481 635.6 m 553 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 622.6 m 553 622.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.65 710.18 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 388.15 696.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 532.15 696.13 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.60 682.18 Td (NOI) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 349.20 682.18 Td (Percentage \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.60 682.18 Td (NOI) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 495.35 682.18 Td (Percentage \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 668.18 Td (Atlantic) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 668.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 668.18 Td (20,556) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 386.35 668.13 Td (52.7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.55 668.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.50 668.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.40 668.13 Td (7,325) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.35 668.13 Td (25.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.55 668.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 654.18 Td (Ontario) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 654.18 Td (14,540) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 386.35 654.13 Td (37.3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.55 654.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.05 654.13 Td (14,581) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.35 654.13 Td (50.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.55 654.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 640.18 Td (Western) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.40 640.13 Td (3,884) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 386.35 640.13 Td (10.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.55 640.13 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.40 640.13 Td (6,740) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.35 640.13 Td (23.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.55 640.13 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.50 626.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.05 626.23 Td (38,980) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 382.05 626.18 Td (100.0) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.55 626.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.50 626.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.05 626.18 Td (28,646) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.05 626.18 Td (100.0) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.55 626.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 600.30 Td (Atlantic) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 589.8 m 266 589.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 589.8 m 338 589.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 589.8 m 410 589.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 589.8 m 482 589.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 589.8 m 554 589.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 560.8 m 266 560.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 560.8 m 338 560.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 560.8 m 410 560.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 560.8 m 482 560.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 560.8 m 554 560.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 560.8 m 482 560.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 560.8 m 554 560.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 521.8 m 266 521.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 521.8 m 338 521.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 521.8 m 410 521.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 521.8 m 482 521.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 521.8 m 554 521.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 521.8 m 410 521.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 482.8 m 554 482.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 482.8 m 266 482.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 469.8 m 266 469.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 482.8 m 338 482.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 469.8 m 338 469.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 482.8 m 410 482.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 469.8 m 410 469.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 482.8 m 482 482.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 469.8 m 482 469.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 482.8 m 554 482.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 469.8 m 554 469.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 579.33 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 579.33 Td (Nine months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 565.33 Td (\($000s unless otherwise noted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 565.33 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 565.33 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 565.33 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 565.33 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 551.38 Td (# of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.85 551.38 Td (11) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.85 551.38 Td (14) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.85 551.38 Td (11) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.85 551.38 Td (14) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 538.38 Td (Owned GLA \(000s of sq. ft.\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 538.38 Td (2,452) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 538.38 Td (2,758) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 538.38 Td (2,452) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 538.38 Td (2,758) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 525.38 Td (Occupancy rate \(%\) \(period-end\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.35 525.38 Td (88.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 525.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.35 525.38 Td (87.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 525.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.35 525.38 Td (88.6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.55 525.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 525.38 Td (87.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 525.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 512.38 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 512.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.70 512.38 Td (17,242) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.50 512.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 512.38 Td (16,127) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 414.50 512.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.70 512.38 Td (49,277) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.50 512.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 512.38 Td (16,127) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 499.38 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.45 499.38 Td (\(9,514) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 499.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.45 499.38 Td (\(8,702) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.55 499.38 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.10 499.38 Td (\(28,265) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.55 499.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.45 499.38 Td (\(8,702) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 548.55 499.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 486.38 Td (Straight-line rent and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.95 486.38 Td (\(134) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 332.55 486.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.95 486.38 Td (\(100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.55 486.38 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.95 486.38 Td (\(456) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.55 486.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.95 486.38 Td (\(100) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 548.55 486.38 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 473.38 Td (NOI) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 270.50 473.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 473.38 Td (7,594) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.50 473.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 473.38 Td (7,325) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 414.50 473.38 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.70 473.38 Td (20,556) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.50 473.38 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 473.38 Td (7,325) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 452.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 65.40 452.90 Td (for ) Tj ET Q q 0 0 0 rg BT 76.55 452.90 Td (the ) Tj ET Q q 0 0 0 rg BT 89.02 452.90 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 116.63 452.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 153.32 452.90 Td (has ) Tj ET Q q 0 0 0 rg BT 167.93 452.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 203.76 452.90 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 214.04 452.90 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 231.26 452.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 253.34 452.90 Td ( ) Tj ET Q q 0 0 0 rg BT 255.39 452.90 Td (for ) Tj ET Q q 0 0 0 rg BT 266.53 452.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 279.41 452.90 Td (three ) Tj ET Q q 0 0 0 rg BT 299.22 452.90 Td (months ) Tj ET Q q 0 0 0 rg BT 326.82 452.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 350.54 452.90 Td (September ) Tj ET Q q 0 0 0 rg BT 390.70 452.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 403.58 452.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 420.91 452.90 Td ( ) Tj ET Q q 0 0 0 rg BT 422.96 452.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 459.65 452.90 Td (to ) Tj ET Q q 0 0 0 rg BT 468.20 452.90 Td (the ) Tj ET Q q 0 0 0 rg BT 481.09 452.90 Td (same ) Tj ET Q q 0 0 0 rg BT 502.19 452.90 Td (period ) Tj ET Q q 0 0 0 rg BT 525.90 452.90 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.01 452.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 551.34 452.90 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 441.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.07 441.50 Td (third ) Tj ET Q q 0 0 0 rg BT 82.38 441.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 109.21 441.50 Td (of ) Tj ET Q q 0 0 0 rg BT 117.86 441.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 137.34 441.50 Td (was ) Tj ET Q q 0 0 0 rg BT 153.34 441.50 Td (the ) Tj ET Q q 0 0 0 rg BT 166.32 441.50 Td (first ) Tj ET Q q 0 0 0 rg BT 181.02 441.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 207.86 441.50 Td (in ) Tj ET Q q 0 0 0 rg BT 216.07 441.50 Td (which ) Tj ET Q q 0 0 0 rg BT 238.13 441.50 Td (the ) Tj ET Q q 0 0 0 rg BT 251.11 441.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 268.72 441.50 Td ( ) Tj ET Q q 0 0 0 rg BT 270.87 441.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 303.77 441.50 Td (NOI ) Tj ET Q q 0 0 0 rg BT 319.77 441.50 Td (contributions ) Tj ET Q q 0 0 0 rg BT 366.09 441.50 Td (from ) Tj ET Q q 0 0 0 rg BT 383.82 441.50 Td (the ) Tj ET Q q 0 0 0 rg BT 396.38 441.50 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 424.08 441.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 460.87 441.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 492.90 441.50 Td (in ) Tj ET Q q 0 0 0 rg BT 501.12 441.50 Td (June ) Tj ET Q q 0 0 0 rg BT 520.16 441.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 541.81 441.50 Td (For ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 62.24 430.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 78.87 430.10 Td (months ) Tj ET Q q 0 0 0 rg BT 106.33 430.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 129.90 430.10 Td (September ) Tj ET Q q 0 0 0 rg BT 169.91 430.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 182.65 430.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 199.98 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 204.05 430.10 Td (NOI ) Tj ET Q q 0 0 0 rg BT 219.81 430.10 Td (from ) Tj ET Q q 0 0 0 rg BT 237.30 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.66 430.10 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 277.12 430.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 313.67 430.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.42 430.10 Td ($20.6 ) Tj ET Q q 0 0 0 rg BT 350.83 430.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.90 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.81 430.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 411.36 430.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.76 430.10 Td ($7.3 ) Tj ET Q q 0 0 0 rg BT 436.83 430.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.91 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.82 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.79 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.52 430.10 Td (same ) Tj ET Q q 0 0 0 rg BT 502.48 430.10 Td (period ) Tj ET Q q 0 0 0 rg BT 526.04 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.01 430.10 Td (2015.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 412.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.81 412.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 98.14 412.70 Td (in ) Tj ET Q q 0 0 0 rg BT 107.09 412.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 123.82 412.70 Td (year ) Tj ET Q q 0 0 0 rg BT 141.86 412.70 Td (over ) Tj ET Q q 0 0 0 rg BT 159.90 412.70 Td (year ) Tj ET Q q 0 0 0 rg BT 177.94 412.70 Td (for ) Tj ET Q q 0 0 0 rg BT 189.91 412.70 Td (the ) Tj ET Q q 0 0 0 rg BT 203.63 412.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 221.24 412.70 Td (month ) Tj ET Q q 0 0 0 rg BT 245.78 412.70 Td (comparable ) Tj ET Q q 0 0 0 rg BT 289.37 412.70 Td (period, ) Tj ET Q q 0 0 0 rg BT 316.07 412.70 Td (is ) Tj ET Q q 0 0 0 rg BT 324.58 412.70 Td (a ) Tj ET Q q 0 0 0 rg BT 331.80 412.70 Td (combined ) Tj ET Q q 0 0 0 rg BT 368.46 412.70 Td (result ) Tj ET Q q 0 0 0 rg BT 390.40 412.70 Td (of ) Tj ET Q q 0 0 0 rg BT 399.78 412.70 Td (the ) Tj ET Q q 0 0 0 rg BT 413.49 412.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 430.67 412.70 Td (of ) Tj ET Q q 0 0 0 rg BT 440.05 412.70 Td (the ) Tj ET Q q 0 0 0 rg BT 453.77 412.70 Td (three ) Tj ET Q q 0 0 0 rg BT 473.84 412.70 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 502.28 412.70 Td (retail ) Tj ET Q q 0 0 0 rg BT 522.05 412.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 547.45 412.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 401.30 Td (December ) Tj ET Q q 0 0 0 rg BT 87.60 401.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 109.27 401.30 Td (of) Tj ET Q q 0 0 0 rg BT 115.63 401.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 130.36 401.30 Td (by ) Tj ET Q q 0 0 0 rg BT 140.76 401.30 Td (the ) Tj ET Q q 0 0 0 rg BT 153.76 401.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 179.06 401.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 215.01 401.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 252.68 401.30 Td (in ) Tj ET Q q 0 0 0 rg BT 260.91 401.30 Td (the ) Tj ET Q q 0 0 0 rg BT 273.91 401.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 285.61 401.30 Td (John's ) Tj ET Q q 0 0 0 rg BT 310.06 401.30 Td (Places ) Tj ET Q q 0 0 0 rg BT 335.61 401.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 360.30 401.30 Td (throughout ) Tj ET Q q 0 0 0 rg BT 399.73 401.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 419.22 401.30 Td (and ) Tj ET Q q 0 0 0 rg BT 434.39 401.30 Td (2016. ) Tj ET Q q 0 0 0 rg BT 456.05 401.30 Td (During ) Tj ET Q q 0 0 0 rg BT 481.17 401.30 Td (the ) Tj ET Q q 0 0 0 rg BT 494.17 401.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 513.67 401.30 Td (period, ) Tj ET Q q 0 0 0 rg BT 539.65 401.30 Td (NOI ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 389.90 Td (contribution ) Tj ET Q q 0 0 0 rg BT 92.21 389.90 Td (for ) Tj ET Q q 0 0 0 rg BT 103.73 389.90 Td (the ) Tj ET Q q 0 0 0 rg BT 117.00 389.90 Td (St. ) Tj ET Q q 0 0 0 rg BT 128.96 389.90 Td (John's ) Tj ET Q q 0 0 0 rg BT 153.67 389.90 Td (Places ) Tj ET Q q 0 0 0 rg BT 179.49 389.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 204.44 389.90 Td (is ) Tj ET Q q 0 0 0 rg BT 212.50 389.90 Td (included ) Tj ET Q q 0 0 0 rg BT 243.95 389.90 Td (in ) Tj ET Q q 0 0 0 rg BT 252.44 389.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 268.72 389.90 Td (at ) Tj ET Q q 0 0 0 rg BT 277.65 389.90 Td (10%. ) Tj ET Q q 0 0 0 rg BT 297.36 389.90 Td (As ) Tj ET Q q 0 0 0 rg BT 308.89 389.90 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.82 389.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 371.35 389.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 388.68 389.90 Td (, ) Tj ET Q q 0 0 0 rg BT 393.28 389.90 Td (the ) Tj ET Q q 0 0 0 rg BT 406.54 389.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 424.15 389.90 Td ( ) Tj ET Q q 0 0 0 rg BT 426.58 389.90 Td (has ) Tj ET Q q 0 0 0 rg BT 441.58 389.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 477.79 389.90 Td (its ) Tj ET Q q 0 0 0 rg BT 488.01 389.90 Td (ownership ) Tj ET Q q 0 0 0 rg BT 525.95 389.90 Td (in ) Tj ET Q q 0 0 0 rg BT 534.44 389.90 Td (these ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 378.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 74.19 378.50 Td (to ) Tj ET Q q 0 0 0 rg BT 82.85 378.50 Td (100%.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 361.10 Td (Ontario) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 350.6 m 266 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 350.6 m 338 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 350.6 m 410 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 350.6 m 482 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 350.6 m 554 350.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 321.6 m 266 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 321.6 m 338 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 321.6 m 410 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 321.6 m 482 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 321.6 m 554 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 321.6 m 482 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 321.6 m 554 321.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 282.6 m 266 282.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 282.6 m 338 282.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 282.6 m 410 282.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 282.6 m 482 282.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 282.6 m 554 282.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 282.6 m 410 282.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 243.60000000000002 m 554 243.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 243.60000000000002 m 266 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 230.60000000000002 m 266 230.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 243.60000000000002 m 338 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 230.60000000000002 m 338 230.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 243.60000000000002 m 410 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 230.60000000000002 m 410 230.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 243.60000000000002 m 482 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 230.60000000000002 m 482 230.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 243.60000000000002 m 554 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 230.60000000000002 m 554 230.60000000000002 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 340.13 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 340.13 Td (Nine months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 326.13 Td (\($000s unless otherwise noted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 326.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 326.13 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 326.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 326.13 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 312.18 Td (# of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.85 312.18 Td (12) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.85 312.18 Td (11) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.85 312.18 Td (12) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.85 312.18 Td (11) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 299.18 Td (Owned GLA \(000s of sq. ft.\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 299.18 Td (1,862) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 299.18 Td (1,511) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 299.18 Td (1,862) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 299.18 Td (1,511) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 286.18 Td (Occupancy rate \(%\) \(period-end\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.35 286.18 Td (83.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 286.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.35 286.18 Td (90.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 286.18 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.35 286.18 Td (83.8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.55 286.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 286.18 Td (90.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 286.18 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 273.18 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 273.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.70 273.18 Td (11,278) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.50 273.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 273.18 Td (9,042) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 414.50 273.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.70 273.18 Td (29,383) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.50 273.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 273.18 Td (29,020) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 260.18 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.45 260.18 Td (\(5,482) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 260.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.45 260.18 Td (\(4,491) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.55 260.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.10 260.18 Td (\(14,266) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.55 260.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.10 260.18 Td (\(13,735) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 548.55 260.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 247.18 Td (Straight-line rent and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.95 247.18 Td (\(239) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 332.55 247.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.95 247.18 Td (\(178) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.55 247.18 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.95 247.18 Td (\(577) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.55 247.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.95 247.18 Td (\(704) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 548.55 247.18 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 234.18 Td (NOI) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 270.50 234.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 234.18 Td (5,557) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.50 234.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 234.18 Td (4,373) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 414.50 234.18 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.70 234.18 Td (14,540) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.50 234.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 234.18 Td (14,581) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 213.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 65.66 213.70 Td (for ) Tj ET Q q 0 0 0 rg BT 77.05 213.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 90.19 213.70 Td (three ) Tj ET Q q 0 0 0 rg BT 110.25 213.70 Td (months ) Tj ET Q q 0 0 0 rg BT 138.11 213.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.08 213.70 Td (September ) Tj ET Q q 0 0 0 rg BT 202.49 213.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 215.63 213.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 232.96 213.70 Td ( ) Tj ET Q q 0 0 0 rg BT 235.26 213.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 251.42 213.70 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 268.89 213.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 290.96 213.70 Td ( ) Tj ET Q q 0 0 0 rg BT 293.27 213.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 330.22 213.70 Td (to ) Tj ET Q q 0 0 0 rg BT 339.02 213.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 355.18 213.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 363.98 213.70 Td ($4.4 ) Tj ET Q q 0 0 0 rg BT 381.45 213.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 403.53 213.70 Td ( ) Tj ET Q q 0 0 0 rg BT 405.83 213.70 Td (for ) Tj ET Q q 0 0 0 rg BT 417.23 213.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.37 213.70 Td (three ) Tj ET Q q 0 0 0 rg BT 450.43 213.70 Td (months ) Tj ET Q q 0 0 0 rg BT 478.28 213.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 502.25 213.70 Td (September ) Tj ET Q q 0 0 0 rg BT 542.66 213.70 Td (30, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 202.30 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 66.83 202.30 Td (. ) Tj ET Q q 0 0 0 rg BT 71.46 202.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 87.78 202.30 Td (for ) Tj ET Q q 0 0 0 rg BT 99.33 202.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 112.63 202.30 Td (nine ) Tj ET Q q 0 0 0 rg BT 129.82 202.30 Td (months ) Tj ET Q q 0 0 0 rg BT 157.83 202.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 181.96 202.30 Td (September ) Tj ET Q q 0 0 0 rg BT 222.53 202.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 235.83 202.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 253.16 202.30 Td ( ) Tj ET Q q 0 0 0 rg BT 255.62 202.30 Td (was ) Tj ET Q q 0 0 0 rg BT 271.94 202.30 Td (comparable, ) Tj ET Q q 0 0 0 rg BT 317.27 202.30 Td (increasing ) Tj ET Q q 0 0 0 rg BT 355.24 202.30 Td (minimally ) Tj ET Q q 0 0 0 rg BT 390.17 202.30 Td (year ) Tj ET Q q 0 0 0 rg BT 407.79 202.30 Td (over ) Tj ET Q q 0 0 0 rg BT 425.41 202.30 Td (year) Tj ET Q q 0 0 0 rg BT 440.14 202.30 Td (. ) Tj ET Q q 0 0 0 rg BT 444.61 202.30 Td (The ) Tj ET Q q 0 0 0 rg BT 460.50 202.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 492.41 202.30 Td (in ) Tj ET Q q 0 0 0 rg BT 500.94 202.30 Td (the ) Tj ET Q q 0 0 0 rg BT 514.23 202.30 Td (period ) Tj ET Q q 0 0 0 rg BT 538.35 202.30 Td (over ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 190.90 Td (period ) Tj ET Q q 0 0 0 rg BT 73.32 190.90 Td (comparison ) Tj ET Q q 0 0 0 rg BT 115.76 190.90 Td (is ) Tj ET Q q 0 0 0 rg BT 123.55 190.90 Td (a ) Tj ET Q q 0 0 0 rg BT 130.05 190.90 Td (result ) Tj ET Q q 0 0 0 rg BT 151.27 190.90 Td (of ) Tj ET Q q 0 0 0 rg BT 159.93 190.90 Td (the ) Tj ET Q q 0 0 0 rg BT 172.93 190.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 211.91 190.90 Td (of ) Tj ET Q q 0 0 0 rg BT 220.58 190.90 Td (the ) Tj ET Q q 0 0 0 rg BT 233.57 190.90 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 266.49 190.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 292.03 190.90 Td (in ) Tj ET Q q 0 0 0 rg BT 300.26 190.90 Td (June ) Tj ET Q q 0 0 0 rg BT 319.32 190.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 340.98 190.90 Td (which ) Tj ET Q q 0 0 0 rg BT 363.07 190.90 Td (contributions ) Tj ET Q q 0 0 0 rg BT 409.41 190.90 Td (close ) Tj ET Q q 0 0 0 rg BT 429.76 190.90 Td (to ) Tj ET Q q 0 0 0 rg BT 438.43 190.90 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 455.76 190.90 Td (million ) Tj ET Q q 0 0 0 rg BT 480.00 190.90 Td (per ) Tj ET Q q 0 0 0 rg BT 493.43 190.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 520.28 190.90 Td (to ) Tj ET Q q 0 0 0 rg BT 528.94 190.90 Td (NOI.) 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 /F2 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 (estern) 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 266 720.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 720.2 m 338 720.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 720.2 m 410 720.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 720.2 m 482 720.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 720.2 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 50 691.2 m 266 691.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 691.2 m 338 691.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 691.2 m 410 691.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 691.2 m 482 691.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 691.2 m 554 691.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 691.2 m 266 691.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 691.2 m 482 691.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 652.2 m 266 652.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 652.2 m 338 652.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 652.2 m 410 652.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 652.2 m 482 652.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 652.2 m 554 652.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 652.2 m 410 652.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 613.2 m 266 613.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 613.2 m 338 613.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 613.2 m 410 613.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 613.2 m 482 613.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 613.2 m 554 613.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 587.2 m 266 587.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 587.2 m 338 587.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 587.2 m 410 587.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 587.2 m 482 587.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 587.2 m 554 587.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 574.2 m 266 574.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 574.2 m 338 574.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 574.2 m 410 574.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 574.2 m 482 574.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 574.2 m 554 574.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 709.73 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 709.73 Td (Nine months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 695.73 Td (\($000s unless otherwise noted\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 695.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 695.73 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 695.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 695.73 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 681.78 Td (# of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.85 681.78 Td (12) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.85 681.78 Td (24) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.85 681.78 Td (12) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.80 681.78 Td (24) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 668.78 Td (Owned GLA \(000s of sq. ft.\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.55 668.78 Td (676) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 668.78 Td (1,137) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.55 668.78 Td (676) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 668.78 Td (1,137) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 655.78 Td (Occupancy rate \(%\) \(period-end\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.35 655.78 Td (83.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 655.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.35 655.78 Td (91.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.55 655.78 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.35 655.78 Td (83.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.55 655.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 655.78 Td (91.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 655.78 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 642.78 Td (Revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 642.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 642.78 Td (2,810) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.50 642.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 642.78 Td (3,964) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 414.50 642.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 642.78 Td (8,436) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.50 642.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 642.78 Td (12,457) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 629.78 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.45 629.78 Td (\(1,363) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.55 629.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.45 629.78 Td (\(1,615) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.45 629.78 Td (\(4,127) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.55 629.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.45 629.78 Td (\(5,212) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 548.55 629.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 616.78 Td (Straight-line rent and other changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 314.95 616.78 Td (\(149) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 332.55 616.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.95 616.78 Td (\(160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.55 616.78 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.95 616.78 Td (\(425) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 476.55 616.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.95 616.78 Td (\(505) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 548.55 616.78 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 603.78 Td (NOI) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 270.50 603.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 603.78 Td (1,298) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.50 603.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 603.78 Td (2,189) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 414.50 603.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 603.78 Td (3,884) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.50 603.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 603.78 Td (6,740) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 590.78 Td (NOI from Data Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 590.78 Td (1,525) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.75 590.78 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 590.78 Td (4,574) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.75 590.78 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 577.78 Td (NOI including Data Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 270.50 577.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 577.78 Td (2,823) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 342.50 577.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 577.78 Td (2,189) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 414.50 577.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 577.78 Td (8,458) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 577.78 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 577.78 Td (6,740) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 557.30 Td (NOI ) Tj ET Q q 0 0 0 rg BT 65.13 557.30 Td (for ) Tj ET Q q 0 0 0 rg BT 76.00 557.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 88.62 557.30 Td (three ) Tj ET Q q 0 0 0 rg BT 108.15 557.30 Td (and ) Tj ET Q q 0 0 0 rg BT 122.93 557.30 Td (nine ) Tj ET Q q 0 0 0 rg BT 139.44 557.30 Td (months ) Tj ET Q q 0 0 0 rg BT 166.77 557.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 190.21 557.30 Td (September ) Tj ET Q q 0 0 0 rg BT 230.10 557.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 242.71 557.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 260.04 557.30 Td ( ) Tj ET Q q 0 0 0 rg BT 261.82 557.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.45 557.30 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 294.40 557.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.48 557.30 Td ( ) Tj ET Q q 0 0 0 rg BT 318.26 557.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.03 557.30 Td ($8.5 ) Tj ET Q q 0 0 0 rg BT 349.98 557.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.05 557.30 Td ( ) Tj ET Q q 0 0 0 rg BT 373.83 557.30 Td ( ) Tj ET Q q 0 0 0 rg BT 375.62 557.30 Td (including ) Tj ET Q q 0 0 0 rg BT 408.15 557.30 Td (the ) Tj ET Q q 0 0 0 rg BT 420.76 557.30 Td (net ) Tj ET Q q 0 0 0 rg BT 433.37 557.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 467.64 557.30 Td (income ) Tj ET Q q 0 0 0 rg BT 494.53 557.30 Td (from ) Tj ET Q q 0 0 0 rg BT 511.89 557.30 Td (Data ) Tj ET Q q 0 0 0 rg BT 530.13 557.30 Td (Centre ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 545.90 Td (which ) Tj ET Q q 0 0 0 rg BT 71.41 545.90 Td (is ) Tj ET Q q 0 0 0 rg BT 79.04 545.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 116.99 545.90 Td (for ) Tj ET Q q 0 0 0 rg BT 128.08 545.90 Td (as ) Tj ET Q q 0 0 0 rg BT 138.30 545.90 Td (a ) Tj ET Q q 0 0 0 rg BT 144.63 545.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 171.75 545.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 192.37 545.90 Td (and ) Tj ET Q q 0 0 0 rg BT 207.37 545.90 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 258.74 545.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 286.28 545.90 Td (income ) Tj ET Q q 0 0 0 rg BT 313.40 545.90 Td (is ) Tj ET Q q 0 0 0 rg BT 321.02 545.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 353.76 545.90 Td (below ) Tj ET Q q 0 0 0 rg BT 376.11 545.90 Td (net ) Tj ET Q q 0 0 0 rg BT 388.94 545.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 423.42 545.90 Td (income. ) Tj ET Q q 0 0 0 rg BT 452.57 545.90 Td (The ) Tj ET Q q 0 0 0 rg BT 468.00 545.90 Td (decline ) Tj ET Q q 0 0 0 rg BT 494.68 545.90 Td (in ) Tj ET Q q 0 0 0 rg BT 502.74 545.90 Td (NOI ) Tj ET Q q 0 0 0 rg BT 518.59 545.90 Td (before ) Tj ET Q q 0 0 0 rg BT 542.68 545.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 534.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 68.12 534.50 Td (Centre ) Tj ET Q q 0 0 0 rg BT 93.67 534.50 Td (contributions ) Tj ET Q q 0 0 0 rg BT 140.01 534.50 Td (is ) Tj ET Q q 0 0 0 rg BT 147.80 534.50 Td (as ) Tj ET Q q 0 0 0 rg BT 158.20 534.50 Td (a ) Tj ET Q q 0 0 0 rg BT 164.70 534.50 Td (result ) Tj ET Q q 0 0 0 rg BT 185.91 534.50 Td (of ) Tj ET Q q 0 0 0 rg BT 194.58 534.50 Td (the ) Tj ET Q q 0 0 0 rg BT 207.58 534.50 Td (disposition ) Tj ET Q q 0 0 0 rg BT 246.56 534.50 Td (of ) Tj ET Q q 0 0 0 rg BT 255.22 534.50 Td (the ) Tj ET Q q 0 0 0 rg BT 268.22 534.50 Td (industrial ) Tj ET Q q 0 0 0 rg BT 301.57 534.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 331.45 534.50 Td (in ) Tj ET Q q 0 0 0 rg BT 339.68 534.50 Td (December ) Tj ET Q q 0 0 0 rg BT 377.78 534.50 Td (2015. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (REVENUE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 499.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 82.75 499.70 Td (from ) Tj ET Q q 0 0 0 rg BT 99.90 499.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 139.15 499.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 175.37 499.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 205.52 499.70 Td (rent ) Tj ET Q q 0 0 0 rg BT 220.52 499.70 Td (from ) Tj ET Q q 0 0 0 rg BT 237.67 499.70 Td (tenants ) Tj ET Q q 0 0 0 rg BT 264.80 499.70 Td (under ) Tj ET Q q 0 0 0 rg BT 286.29 499.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 306.49 499.70 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 351.37 499.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 393.21 499.70 Td (rental ) Tj ET Q q 0 0 0 rg BT 414.27 499.70 Td (income, ) Tj ET Q q 0 0 0 rg BT 443.12 499.70 Td (percentage ) Tj ET Q q 0 0 0 rg BT 483.67 499.70 Td (rents, ) Tj ET Q q 0 0 0 rg BT 504.73 499.70 Td (property ) Tj ET Q q 0 0 0 rg BT 534.88 499.70 Td (taxes ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 488.30 Td (and ) Tj ET Q q 0 0 0 rg BT 65.16 488.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 99.82 488.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 116.27 488.30 Td (recoveries, ) Tj ET Q q 0 0 0 rg BT 156.54 488.30 Td (and ) Tj ET Q q 0 0 0 rg BT 171.71 488.30 Td (other ) Tj ET Q q 0 0 0 rg BT 191.63 488.30 Td (incidental ) Tj ET Q q 0 0 0 rg BT 226.72 488.30 Td (income. ) Tj ET Q q 0 0 0 rg BT 256.03 488.30 Td (The ) Tj ET Q q 0 0 0 rg BT 271.62 488.30 Td (following ) Tj ET Q q 0 0 0 rg BT 304.10 488.30 Td (is ) Tj ET Q q 0 0 0 rg BT 311.89 488.30 Td (a ) Tj ET Q q 0 0 0 rg BT 318.39 488.30 Td (summary ) Tj ET Q q 0 0 0 rg BT 352.58 488.30 Td (of ) Tj ET Q q 0 0 0 rg BT 361.25 488.30 Td (the ) Tj ET Q q 0 0 0 rg BT 374.25 488.30 Td (components ) Tj ET Q q 0 0 0 rg BT 418.86 488.30 Td (of ) Tj ET Q q 0 0 0 rg BT 427.52 488.30 Td (revenue: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 471.8 m 242.5 471.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 471.8 m 320.5 471.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 471.8 m 398.5 471.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 471.8 m 476.5 471.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 471.8 m 554.5 471.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 447.8 m 242.5 447.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 447.8 m 320.5 447.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 447.8 m 398.5 447.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 447.8 m 476.5 447.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 476.5 447.8 m 554.5 447.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 447.8 m 242.5 447.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 447.8 m 320.5 447.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 447.8 m 398.5 447.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 447.8 m 476.5 447.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 476.5 447.8 m 554.5 447.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 387.8 m 242.5 387.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 242.5 387.8 m 320.5 387.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 387.8 m 398.5 387.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398.5 387.8 m 476.5 387.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 476.5 387.8 m 554.5 387.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 372.8 m 242.5 372.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 372.8 m 320.5 372.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 372.8 m 398.5 372.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 372.8 m 476.5 372.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 372.8 m 554.5 372.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 269.80 462.38 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.15 462.38 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.65 450.38 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.65 450.38 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.65 450.38 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.65 450.38 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 437.33 Td (Property base rent) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 245.00 437.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 293.55 437.38 Td (16,758) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 323.00 437.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.55 437.33 Td (16,420) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.00 437.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.55 437.33 Td (47,001) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 479.00 437.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.55 437.33 Td (32,120) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 422.33 Td (Operating cost and tax recoveries) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 293.55 422.38 Td (11,705) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.55 422.33 Td (10,043) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.55 422.33 Td (32,545) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.55 422.33 Td (21,943) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 407.33 Td (Hotel) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.90 407.33 Td (2,345) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.90 407.33 Td (2,231) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.90 407.33 Td (6,092) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.90 407.33 Td (2,231) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 392.33 Td (Straight-line adjustments and other) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 304.40 392.33 Td (522) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.40 392.33 Td (439) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.90 392.33 Td (1,458) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.90 392.33 Td (1,310) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 245.00 377.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 293.55 377.38 Td (31,330) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 323.00 377.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.55 377.33 Td (29,133) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.00 377.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.55 377.33 Td (87,096) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 479.00 377.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.55 377.33 Td (57,604) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 355.90 Td (For ) Tj ET Q q 0 0 0 rg BT 64.30 355.90 Td (the ) Tj ET Q q 0 0 0 rg BT 77.74 355.90 Td (three ) Tj ET Q q 0 0 0 rg BT 98.11 355.90 Td (months ) Tj ET Q q 0 0 0 rg BT 126.27 355.90 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 150.55 355.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 204.26 355.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 221.59 355.90 Td (, ) Tj ET Q q 0 0 0 rg BT 226.37 355.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 257.14 355.90 Td (from ) Tj ET Q q 0 0 0 rg BT 275.33 355.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 315.62 355.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 352.87 355.90 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 369.33 355.90 Td ($31.3 ) Tj ET Q q 0 0 0 rg BT 391.44 355.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 413.52 355.90 Td ( ) Tj ET Q q 0 0 0 rg BT 416.13 355.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 453.39 355.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.50 355.90 Td ($29.1 ) Tj ET Q q 0 0 0 rg BT 484.60 355.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 506.68 355.90 Td ( ) Tj ET Q q 0 0 0 rg BT 509.29 355.90 Td (for ) Tj ET Q q 0 0 0 rg BT 521.00 355.90 Td (the ) Tj ET Q q 0 0 0 rg BT 534.44 355.90 Td (same ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 344.50 Td (period ) Tj ET Q q 0 0 0 rg BT 73.89 344.50 Td (in ) Tj ET Q q 0 0 0 rg BT 82.20 344.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 103.93 344.50 Td ( ) Tj ET Q q 0 0 0 rg BT 106.17 344.50 Td (For ) Tj ET Q q 0 0 0 rg BT 120.09 344.50 Td (the ) Tj ET Q q 0 0 0 rg BT 133.17 344.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 150.13 344.50 Td (months ) Tj ET Q q 0 0 0 rg BT 177.92 344.50 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 201.82 344.50 Td (September30, ) Tj ET Q q 0 0 0 rg BT 255.17 344.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 272.50 344.50 Td (, ) Tj ET Q q 0 0 0 rg BT 276.90 344.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 307.30 344.50 Td (from ) Tj ET Q q 0 0 0 rg BT 325.12 344.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 365.03 344.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 401.92 344.50 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 418.01 344.50 Td ($87.1 ) Tj ET Q q 0 0 0 rg BT 439.74 344.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.82 344.50 Td ( ) Tj ET Q q 0 0 0 rg BT 464.06 344.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 500.94 344.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.68 344.50 Td ($57.6 ) Tj ET Q q 0 0 0 rg BT 531.41 344.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 553.49 344.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (in ) Tj ET Q q 0 0 0 rg BT 58.14 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.05 333.10 Td (same ) Tj ET Q q 0 0 0 rg BT 92.18 333.10 Td (period ) Tj ET Q q 0 0 0 rg BT 115.91 333.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.05 333.10 Td (2015.The ) Tj ET Q q 0 0 0 rg BT 159.05 333.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 190.57 333.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.71 333.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 228.94 333.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.65 333.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.06 333.10 Td (result ) Tj ET Q q 0 0 0 rg BT 264.19 333.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.77 333.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 297.79 333.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 327.59 333.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 355.21 333.10 Td (most ) Tj ET Q q 0 0 0 rg BT 374.17 333.10 Td (notably) Tj ET Q q 0 0 0 rg BT 398.73 333.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.97 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.88 333.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 454.77 333.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.35 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.26 333.10 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 509.08 333.10 Td (Centre ) Tj ET Q q 0 0 0 rg BT 534.54 333.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.68 333.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 321.70 Td (second ) Tj ET Q q 0 0 0 rg BT 77.34 321.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 104.24 321.70 Td (of ) Tj ET Q q 0 0 0 rg BT 112.96 321.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 132.50 321.70 Td (as ) Tj ET Q q 0 0 0 rg BT 142.95 321.70 Td (well ) Tj ET Q q 0 0 0 rg BT 158.58 321.70 Td (as ) Tj ET Q q 0 0 0 rg BT 169.03 321.70 Td (the ) Tj ET Q q 0 0 0 rg BT 182.08 321.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 217.65 321.70 Td (ownership ) Tj ET Q q 0 0 0 rg BT 255.37 321.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 287.47 321.70 Td (in ) Tj ET Q q 0 0 0 rg BT 295.75 321.70 Td (the ) Tj ET Q q 0 0 0 rg BT 308.80 321.70 Td (St. ) Tj ET Q q 0 0 0 rg BT 320.55 321.70 Td (John's ) Tj ET Q q 0 0 0 rg BT 345.05 321.70 Td (Places ) Tj ET Q q 0 0 0 rg BT 370.65 321.70 Td (from ) Tj ET Q q 0 0 0 rg BT 388.45 321.70 Td (10% ) Tj ET Q q 0 0 0 rg BT 406.26 321.70 Td (on ) Tj ET Q q 0 0 0 rg BT 417.14 321.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 456.17 321.70 Td (in ) Tj ET Q q 0 0 0 rg BT 464.45 321.70 Td (June ) Tj ET Q q 0 0 0 rg BT 483.56 321.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 503.11 321.70 Td (to ) Tj ET Q q 0 0 0 rg BT 511.82 321.70 Td (100% ) Tj ET Q q 0 0 0 rg BT 533.96 321.70 Td (at ) Tj ET Q q 0 0 0 rg BT 542.68 321.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 310.30 Td (end ) Tj ET Q q 0 0 0 rg BT 65.16 310.30 Td (of ) Tj ET Q q 0 0 0 rg BT 73.83 310.30 Td (the ) Tj ET Q q 0 0 0 rg BT 86.83 310.30 Td (third ) Tj ET Q q 0 0 0 rg BT 104.15 310.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 131.00 310.30 Td (in ) Tj ET Q q 0 0 0 rg BT 139.23 310.30 Td (2016. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 292.90 Td (PROPERTY) Tj ET Q q 0 0 0 rg BT 92.71 292.90 Td ( ) Tj ET Q q 0 0 0 rg BT 94.88 292.90 Td (OPERA) Tj ET Q q 0 0 0 rg BT 122.01 292.90 Td (TING ) Tj ET Q q 0 0 0 rg BT 142.78 292.90 Td (RECOVERIES ) Tj ET Q q 0 0 0 rg BT 195.74 292.90 Td (AND ) Tj ET Q q 0 0 0 rg BT 214.77 292.90 Td (EXPENSES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 275.50 Td (Property ) Tj ET Q q 0 0 0 rg BT 81.85 275.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 116.74 275.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 152.50 275.50 Td (consist ) Tj ET Q q 0 0 0 rg BT 179.16 275.50 Td (of ) Tj ET Q q 0 0 0 rg BT 188.06 275.50 Td (property ) Tj ET Q q 0 0 0 rg BT 219.05 275.50 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 242.25 275.50 Td (property ) Tj ET Q q 0 0 0 rg BT 273.23 275.50 Td (management ) Tj ET Q q 0 0 0 rg BT 321.11 275.50 Td (fees ) Tj ET Q q 0 0 0 rg BT 338.25 275.50 Td (and ) Tj ET Q q 0 0 0 rg BT 353.65 275.50 Td (other ) Tj ET Q q 0 0 0 rg BT 373.82 275.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 409.58 275.50 Td (such ) Tj ET Q q 0 0 0 rg BT 428.44 275.50 Td (as ) Tj ET Q q 0 0 0 rg BT 439.08 275.50 Td (common ) Tj ET Q q 0 0 0 rg BT 471.36 275.50 Td (area ) Tj ET Q q 0 0 0 rg BT 489.35 275.50 Td (costs, ) Tj ET Q q 0 0 0 rg BT 512.12 275.50 Td (utilities, ) Tj ET Q q 0 0 0 rg BT 540.51 275.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (insurance. ) Tj ET Q q 0 0 0 rg BT 87.98 264.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.56 264.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 133.00 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.66 264.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.66 264.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 174.00 264.10 Td (s ) Tj ET Q q 0 0 0 rg BT 180.06 264.10 Td (property ) Tj ET Q q 0 0 0 rg BT 210.80 264.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 245.45 264.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 280.97 264.10 Td (are ) Tj ET Q q 0 0 0 rg BT 294.39 264.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 337.26 264.10 Td (from ) Tj ET Q q 0 0 0 rg BT 355.01 264.10 Td (tenants ) Tj ET Q q 0 0 0 rg BT 382.73 264.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.96 264.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 433.40 264.10 Td (with ) Tj ET Q q 0 0 0 rg BT 449.42 264.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.42 264.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 484.06 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.72 264.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.72 264.10 Td (tenants) Tj ET Q q 0 0 0 rg BT 532.73 264.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.89 264.10 Td (lease ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 252.70 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 94.97 252.70 Td (Operating ) Tj ET Q q 0 0 0 rg BT 130.86 252.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 146.81 252.70 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 184.42 252.70 Td (are ) Tj ET Q q 0 0 0 rg BT 197.34 252.70 Td (included ) Tj ET Q q 0 0 0 rg BT 228.03 252.70 Td (in ) Tj ET Q q 0 0 0 rg BT 235.76 252.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 265.57 252.70 Td (from ) Tj ET Q q 0 0 0 rg BT 282.82 252.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 322.16 252.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 358.47 252.70 Td (and ) Tj ET Q q 0 0 0 rg BT 373.14 252.70 Td (amounted ) Tj ET Q q 0 0 0 rg BT 409.45 252.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.62 252.70 Td ($1) Tj ET Q q 0 0 0 rg BT 425.71 252.70 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 438.21 252.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.29 252.70 Td ( ) Tj ET Q q 0 0 0 rg BT 461.95 252.70 Td (for ) Tj ET Q q 0 0 0 rg BT 472.71 252.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.21 252.70 Td (three ) Tj ET Q q 0 0 0 rg BT 504.63 252.70 Td (months ) Tj ET Q q 0 0 0 rg BT 531.85 252.70 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 241.30 Td (September ) Tj ET Q q 0 0 0 rg BT 90.43 241.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 103.59 241.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 120.92 241.30 Td ( ) Tj ET Q q 0 0 0 rg BT 123.25 241.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 160.22 241.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 169.05 241.30 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 190.87 241.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 212.95 241.30 Td ( ) Tj ET Q q 0 0 0 rg BT 215.27 241.30 Td (for ) Tj ET Q q 0 0 0 rg BT 226.69 241.30 Td (the ) Tj ET Q q 0 0 0 rg BT 239.85 241.30 Td (same ) Tj ET Q q 0 0 0 rg BT 261.23 241.30 Td (period ) Tj ET Q q 0 0 0 rg BT 285.21 241.30 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 293.60 241.30 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 310.93 241.30 Td (, ) Tj ET Q q 0 0 0 rg BT 315.42 241.30 Td (while ) Tj ET Q q 0 0 0 rg BT 335.50 241.30 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 373.76 241.30 Td (for ) Tj ET Q q 0 0 0 rg BT 385.18 241.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.34 241.30 Td (nine ) Tj ET Q q 0 0 0 rg BT 415.40 241.30 Td (months ) Tj ET Q q 0 0 0 rg BT 443.27 241.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 467.26 241.30 Td (September ) Tj ET Q q 0 0 0 rg BT 507.70 241.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 520.86 241.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.19 241.30 Td ( ) Tj ET Q q 0 0 0 rg BT 540.51 241.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 229.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 67.33 229.90 Td ( ) Tj ET Q q 0 0 0 rg BT 69.50 229.90 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 88.54 229.90 Td ($32.5 ) Tj ET Q q 0 0 0 rg BT 110.21 229.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 132.28 229.90 Td ( ) Tj ET Q q 0 0 0 rg BT 134.45 229.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 149.61 229.90 Td ($21.9 ) Tj ET Q q 0 0 0 rg BT 171.28 229.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 193.35 229.90 Td (, ) Tj ET Q q 0 0 0 rg BT 197.69 229.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 238.25 229.90 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 212.50 Td (GENERAL) Tj ET Q q 0 0 0 rg BT 87.94 212.50 Td ( ) Tj ET Q q 0 0 0 rg BT 89.83 212.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 108.58 212.50 Td (ADMINISTRA) Tj ET Q q 0 0 0 rg BT 156.90 212.50 Td (TIVE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 195.10 Td (General ) Tj ET Q q 0 0 0 rg BT 79.87 195.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.03 195.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 145.68 195.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 181.19 195.10 Td (are ) Tj ET Q q 0 0 0 rg BT 194.60 195.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 226.19 195.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 264.28 195.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.93 195.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 293.71 195.10 Td (management ) Tj ET Q q 0 0 0 rg BT 341.34 195.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 360.39 195.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 404.56 195.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 423.61 195.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 449.59 195.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 468.64 195.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.79 195.10 Td (other ) Tj ET Q q 0 0 0 rg BT 503.70 195.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 536.60 195.10 Td (fees. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 183.70 Td (For ) Tj ET Q q 0 0 0 rg BT 63.93 183.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 77.01 183.70 Td (three ) Tj ET Q q 0 0 0 rg BT 97.01 183.70 Td (months ) Tj ET Q q 0 0 0 rg BT 124.81 183.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 148.71 183.70 Td (September ) Tj ET Q q 0 0 0 rg BT 189.07 183.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 202.15 183.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 219.48 183.70 Td (, ) Tj ET Q q 0 0 0 rg BT 223.89 183.70 Td (general ) Tj ET Q q 0 0 0 rg BT 252.12 183.70 Td (and ) Tj ET Q q 0 0 0 rg BT 267.36 183.70 Td (administrative ) Tj ET Q q 0 0 0 rg BT 317.67 183.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 353.27 183.70 Td (have ) Tj ET Q q 0 0 0 rg BT 372.41 183.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 408.43 183.70 Td (slightly ) Tj ET Q q 0 0 0 rg BT 434.49 183.70 Td (over ) Tj ET Q q 0 0 0 rg BT 451.90 183.70 Td (the ) Tj ET Q q 0 0 0 rg BT 464.97 183.70 Td (same ) Tj ET Q q 0 0 0 rg BT 486.27 183.70 Td (period ) Tj ET Q q 0 0 0 rg BT 510.17 183.70 Td (in ) Tj ET Q q 0 0 0 rg BT 518.48 183.70 Td (2015. ) Tj ET Q q 0 0 0 rg BT 540.08 183.70 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 172.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 81.70 172.30 Td (in ) Tj ET Q q 0 0 0 rg BT 90.01 172.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 125.61 172.30 Td (is ) Tj ET Q q 0 0 0 rg BT 133.49 172.30 Td (as ) Tj ET Q q 0 0 0 rg BT 143.97 172.30 Td (a ) Tj ET Q q 0 0 0 rg BT 150.55 172.30 Td (result ) Tj ET Q q 0 0 0 rg BT 171.85 172.30 Td (of ) Tj ET Q q 0 0 0 rg BT 180.60 172.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 204.50 172.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 225.38 172.30 Td (management ) Tj ET Q q 0 0 0 rg BT 273.10 172.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 290.08 172.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 298.83 172.30 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 316.24 172.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 338.32 172.30 Td (, ) Tj ET Q q 0 0 0 rg BT 342.74 172.30 Td (of) Tj ET Q q 0 0 0 rg BT 349.10 172.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 363.91 172.30 Td (by ) Tj ET Q q 0 0 0 rg BT 374.39 172.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 395.25 172.30 Td (professional ) Tj ET Q q 0 0 0 rg BT 439.51 172.30 Td (and ) Tj ET Q q 0 0 0 rg BT 454.76 172.30 Td (other ) Tj ET Q q 0 0 0 rg BT 474.77 172.30 Td (fees, ) Tj ET Q q 0 0 0 rg BT 493.91 172.30 Td (mainly ) Tj ET Q q 0 0 0 rg BT 518.67 172.30 Td (due ) Tj ET Q q 0 0 0 rg BT 533.92 172.30 Td (to ) Tj ET Q q 0 0 0 rg BT 542.67 172.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 160.90 Td (timing ) Tj ET Q q 0 0 0 rg BT 72.88 160.90 Td (of ) Tj ET Q q 0 0 0 rg BT 81.47 160.90 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 119.08 160.90 Td (General ) Tj ET Q q 0 0 0 rg BT 148.89 160.90 Td (and ) Tj ET Q q 0 0 0 rg BT 163.98 160.90 Td (administrative ) Tj ET Q q 0 0 0 rg BT 214.14 160.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 249.59 160.90 Td (for ) Tj ET Q q 0 0 0 rg BT 260.77 160.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 273.70 160.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 290.52 160.90 Td (months ) Tj ET Q q 0 0 0 rg BT 318.16 160.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 341.92 160.90 Td (September ) Tj ET Q q 0 0 0 rg BT 382.12 160.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 395.05 160.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 412.38 160.90 Td ( ) Tj ET Q q 0 0 0 rg BT 414.47 160.90 Td (were ) Tj ET Q q 0 0 0 rg BT 433.44 160.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 457.19 160.90 Td (then ) Tj ET Q q 0 0 0 rg BT 474.45 160.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 487.37 160.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 504.20 160.90 Td (months ) Tj ET Q q 0 0 0 rg BT 531.84 160.90 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 149.50 Td (September ) Tj ET Q q 0 0 0 rg BT 90.86 149.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 104.45 149.50 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 121.78 149.50 Td ( ) Tj ET Q q 0 0 0 rg BT 124.53 149.50 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 135.51 149.50 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 153.43 149.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 175.51 149.50 Td ( ) Tj ET Q q 0 0 0 rg BT 178.26 149.50 Td (due ) Tj ET Q q 0 0 0 rg BT 194.01 149.50 Td (to ) Tj ET Q q 0 0 0 rg BT 203.26 149.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 233.73 149.50 Td (growth, ) Tj ET Q q 0 0 0 rg BT 262.03 149.50 Td (increasing ) Tj ET Q q 0 0 0 rg BT 300.30 149.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 321.67 149.50 Td (management ) Tj ET Q q 0 0 0 rg BT 369.90 149.50 Td (fees ) Tj ET Q q 0 0 0 rg BT 387.38 149.50 Td (by ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.36 149.50 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 416.28 149.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.36 149.50 Td ( ) Tj ET Q q 0 0 0 rg BT 441.11 149.50 Td (of) Tj ET Q q 0 0 0 rg BT 447.48 149.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 462.79 149.50 Td (by ) Tj ET Q q 0 0 0 rg BT 473.77 149.50 Td (other ) Tj ET Q q 0 0 0 rg BT 494.29 149.50 Td (small ) Tj ET Q q 0 0 0 rg BT 515.22 149.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 547.43 149.50 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 94.18 138.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 111.07 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.23 138.10 Td (other ) Tj ET Q q 0 0 0 rg BT 146.16 138.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.55 138.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.05 138.10 Td (result ) Tj ET Q q 0 0 0 rg BT 184.27 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.94 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.93 138.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 228.88 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.55 138.10 Td (expenses.) 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 /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 724.70 Td (INTEREST ) Tj ET Q q 0 0 0 rg BT 90.40 724.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 109.43 724.70 Td (FINANCE ) Tj ET Q q 0 0 0 rg BT 146.21 724.70 Td (COSTS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 707.30 Td (Interest ) Tj ET Q q 0 0 0 rg BT 78.15 707.30 Td (and ) Tj ET Q q 0 0 0 rg BT 93.32 707.30 Td (finance ) Tj ET Q q 0 0 0 rg BT 120.61 707.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.96 707.30 Td (are ) Tj ET Q q 0 0 0 rg BT 154.39 707.30 Td (comprised ) Tj ET Q q 0 0 0 rg BT 192.49 707.30 Td (of ) Tj ET Q q 0 0 0 rg BT 201.16 707.30 Td (the ) Tj ET Q q 0 0 0 rg BT 214.15 707.30 Td (following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 696.8 m 266.5 696.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 696.8 m 338.5 696.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 696.8 m 410.5 696.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 696.8 m 482.5 696.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 696.8 m 554.5 696.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 668.8 m 266.5 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266.5 668.8 m 338.5 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 668.8 m 410.5 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410.5 668.8 m 482.5 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 668.8 m 554.5 668.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 598.8 m 266.5 598.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 584.8 m 266.5 584.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266.5 598.8 m 338.5 598.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 584.8 m 338.5 584.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 598.8 m 410.5 598.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 584.8 m 410.5 584.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410.5 598.8 m 482.5 598.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 584.8 m 482.5 584.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482.5 598.8 m 554.5 598.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 584.8 m 554.5 584.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.80 687.33 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.15 687.33 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.65 673.33 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.65 673.33 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.65 673.33 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.65 673.33 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 659.33 Td (Mortgage interest) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 269.00 659.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.90 659.33 Td (2,552) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.00 659.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 659.33 Td (2,657) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 413.00 659.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.90 659.33 Td (6,877) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.00 659.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.90 659.33 Td (7,896) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 645.33 Td (Interest on other debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.90 645.33 Td (2,229) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 645.33 Td (1,695) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.90 645.33 Td (6,073) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.90 645.33 Td (1,887) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 631.33 Td (Interest on vendor take-back loan) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.60 631.38 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.70 631.33 Td (47) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.60 631.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.40 631.33 Td (185) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 617.33 Td (Amortization of deferred transaction costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 322.40 617.33 Td (351) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.40 617.33 Td (253) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 466.40 617.33 Td (855) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.40 617.33 Td (399) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 603.33 Td (Amortization of mark-to-market adjustment on mortgages) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.80 603.38 Td (\(127) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 335.40 603.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.80 603.33 Td (\(142) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 407.40 603.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.80 603.33 Td (\(167) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 479.40 603.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.80 603.33 Td (\(262) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 551.40 603.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 269.00 589.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.90 589.33 Td (5,005) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.00 589.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.90 589.33 Td (4,510) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 413.00 589.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.55 589.33 Td (13,638) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.00 589.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.55 589.33 Td (10,105) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 567.90 Td (For ) Tj ET Q q 0 0 0 rg BT 63.77 567.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.69 567.90 Td (three ) Tj ET Q q 0 0 0 rg BT 96.53 567.90 Td (months ) Tj ET Q q 0 0 0 rg BT 124.17 567.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 147.92 567.90 Td (September ) Tj ET Q q 0 0 0 rg BT 188.11 567.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 201.03 567.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.36 567.90 Td (, ) Tj ET Q q 0 0 0 rg BT 222.61 567.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 250.25 567.90 Td (and ) Tj ET Q q 0 0 0 rg BT 265.33 567.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 292.54 567.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 312.81 567.90 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.78 567.90 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 349.03 567.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.11 567.90 Td ( ) Tj ET Q q 0 0 0 rg BT 373.19 567.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 409.92 567.90 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 418.51 567.90 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 435.76 567.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.83 567.90 Td ( ) Tj ET Q q 0 0 0 rg BT 459.92 567.90 Td (in ) Tj ET Q q 0 0 0 rg BT 468.07 567.90 Td (the ) Tj ET Q q 0 0 0 rg BT 480.98 567.90 Td (same ) Tj ET Q q 0 0 0 rg BT 502.12 567.90 Td (period ) Tj ET Q q 0 0 0 rg BT 525.86 567.90 Td (in ) Tj ET Q q 0 0 0 rg BT 534.01 567.90 Td (2015. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 556.50 Td (Interest ) Tj ET Q q 0 0 0 rg BT 78.52 556.50 Td (and ) Tj ET Q q 0 0 0 rg BT 94.06 556.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 121.72 556.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 142.45 556.50 Td (for ) Tj ET Q q 0 0 0 rg BT 154.08 556.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 167.45 556.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 184.71 556.50 Td (months ) Tj ET Q q 0 0 0 rg BT 212.80 556.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 237.00 556.50 Td (September ) Tj ET Q q 0 0 0 rg BT 277.64 556.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 291.01 556.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 308.34 556.50 Td ( ) Tj ET Q q 0 0 0 rg BT 310.88 556.50 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.30 556.50 Td ($13.6 ) Tj ET Q q 0 0 0 rg BT 352.33 556.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.41 556.50 Td ( ) Tj ET Q q 0 0 0 rg BT 376.95 556.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 414.13 556.50 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.16 556.50 Td ($10.1 ) Tj ET Q q 0 0 0 rg BT 445.20 556.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 467.27 556.50 Td (. ) Tj ET Q q 0 0 0 rg BT 471.82 556.50 Td (The ) Tj ET Q q 0 0 0 rg BT 487.78 556.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 519.77 556.50 Td (in ) Tj ET Q q 0 0 0 rg BT 528.37 556.50 Td (finance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 70.29 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 78.46 545.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 97.89 545.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 134.64 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.24 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.17 545.10 Td (same ) Tj ET Q q 0 0 0 rg BT 177.33 545.10 Td (period ) Tj ET Q q 0 0 0 rg BT 201.08 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.25 545.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 228.68 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.41 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 246.74 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.18 545.10 Td (result ) Tj ET Q q 0 0 0 rg BT 274.33 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.94 545.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 312.76 545.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 340.41 545.10 Td (most ) Tj ET Q q 0 0 0 rg BT 359.39 545.10 Td (notably ) Tj ET Q q 0 0 0 rg BT 386.62 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.56 545.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 438.47 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.07 545.10 Td (an ) Tj ET Q q 0 0 0 rg BT 457.84 545.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 493.30 545.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 510.99 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.59 545.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 531.23 545.10 Td (John's ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 533.70 Td (Places ) Tj ET Q q 0 0 0 rg BT 75.72 533.70 Td (in ) Tj ET Q q 0 0 0 rg BT 84.11 533.70 Td (December ) Tj ET Q q 0 0 0 rg BT 122.37 533.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 144.20 533.70 Td (19% ) Tj ET Q q 0 0 0 rg BT 162.12 533.70 Td (in ) Tj ET Q q 0 0 0 rg BT 170.52 533.70 Td (June ) Tj ET Q q 0 0 0 rg BT 189.74 533.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 211.57 533.70 Td (and ) Tj ET Q q 0 0 0 rg BT 226.90 533.70 Td (a ) Tj ET Q q 0 0 0 rg BT 233.56 533.70 Td (further ) Tj ET Q q 0 0 0 rg BT 258.41 533.70 Td (51% ) Tj ET Q q 0 0 0 rg BT 276.34 533.70 Td (in ) Tj ET Q q 0 0 0 rg BT 284.73 533.70 Td (September ) Tj ET Q q 0 0 0 rg BT 325.17 533.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 347.00 533.70 Td (as ) Tj ET Q q 0 0 0 rg BT 357.56 533.70 Td (well ) Tj ET Q q 0 0 0 rg BT 373.31 533.70 Td (the ) Tj ET Q q 0 0 0 rg BT 386.47 533.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 425.61 533.70 Td (of ) Tj ET Q q 0 0 0 rg BT 434.44 533.70 Td (the ) Tj ET Q q 0 0 0 rg BT 447.61 533.70 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 480.68 533.70 Td (Centre ) Tj ET Q q 0 0 0 rg BT 506.40 533.70 Td (in ) Tj ET Q q 0 0 0 rg BT 514.79 533.70 Td (June ) Tj ET Q q 0 0 0 rg BT 534.02 533.70 Td (2016, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 522.30 Td (of) Tj ET Q q 0 0 0 rg BT 56.36 522.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 70.86 522.30 Td (by ) Tj ET Q q 0 0 0 rg BT 81.03 522.30 Td (the ) Tj ET Q q 0 0 0 rg BT 93.80 522.30 Td (disposition ) Tj ET Q q 0 0 0 rg BT 132.55 522.30 Td (of ) Tj ET Q q 0 0 0 rg BT 140.99 522.30 Td (the ) Tj ET Q q 0 0 0 rg BT 153.76 522.30 Td (Industrial ) Tj ET Q q 0 0 0 rg BT 187.31 522.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 216.97 522.30 Td (in ) Tj ET Q q 0 0 0 rg BT 224.97 522.30 Td (December ) Tj ET Q q 0 0 0 rg BT 262.84 522.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 282.10 522.30 Td (which ) Tj ET Q q 0 0 0 rg BT 303.96 522.30 Td (were ) Tj ET Q q 0 0 0 rg BT 322.77 522.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 354.14 522.30 Td (financed ) Tj ET Q q 0 0 0 rg BT 385.54 522.30 Td (through ) Tj ET Q q 0 0 0 rg BT 413.90 522.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 452.64 522.30 Td (that ) Tj ET Q q 0 0 0 rg BT 467.58 522.30 Td (were ) Tj ET Q q 0 0 0 rg BT 486.40 522.30 Td (discharged ) Tj ET Q q 0 0 0 rg BT 526.45 522.30 Td (on ) Tj ET Q q 0 0 0 rg BT 537.05 522.30 Td (sale.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 504.90 Td (FINANCE ) Tj ET Q q 0 0 0 rg BT 86.78 504.90 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 120.10 504.90 Td (ON ) Tj ET Q q 0 0 0 rg BT 133.95 504.90 Td (FINANCE ) Tj ET Q q 0 0 0 rg BT 170.73 504.90 Td (LEASE ) Tj ET Q q 0 0 0 rg BT 198.86 504.90 Td (RECEIV) Tj ET Q q 0 0 0 rg BT 227.29 504.90 Td (ABLE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 487.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.96 487.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.57 487.50 Td ( ) Tj ET Q q 0 0 0 rg BT 84.10 487.50 Td (has ) Tj ET Q q 0 0 0 rg BT 98.19 487.50 Td (a ) Tj ET Q q 0 0 0 rg BT 104.06 487.50 Td (15 ) Tj ET Q q 0 0 0 rg BT 114.26 487.50 Td (year ) Tj ET Q q 0 0 0 rg BT 130.94 487.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 151.10 487.50 Td (with ) Tj ET Q q 0 0 0 rg BT 166.48 487.50 Td (Manitoba ) Tj ET Q q 0 0 0 rg BT 199.97 487.50 Td (T) Tj ET Q q 0 0 0 rg BT 203.87 487.50 Td (elecom ) Tj ET Q q 0 0 0 rg BT 230.52 487.50 Td (Services ) Tj ET Q q 0 0 0 rg BT 261.92 487.50 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 276.02 487.50 Td (for ) Tj ET Q q 0 0 0 rg BT 286.64 487.50 Td (the ) Tj ET Q q 0 0 0 rg BT 299.01 487.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 316.99 487.50 Td (Centre. ) Tj ET Q q 0 0 0 rg BT 343.98 487.50 Td (The ) Tj ET Q q 0 0 0 rg BT 358.93 487.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 379.94 487.50 Td (of ) Tj ET Q q 0 0 0 rg BT 387.98 487.50 Td (the ) Tj ET Q q 0 0 0 rg BT 400.34 487.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 420.50 487.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 439.35 487.50 Td (the ) Tj ET Q q 0 0 0 rg BT 451.71 487.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 498.71 487.50 Td (for ) Tj ET Q q 0 0 0 rg BT 509.34 487.50 Td (classification ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 476.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.39 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.88 476.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 94.16 476.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 114.94 476.10 Td (because ) Tj ET Q q 0 0 0 rg BT 146.56 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.55 476.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 193.30 476.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 214.08 476.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 250.02 476.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 278.16 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.82 476.10 Td (at ) Tj ET Q q 0 0 0 rg BT 295.48 476.10 Td (least ) Tj ET Q q 0 0 0 rg BT 314.10 476.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 359.13 476.10 Td (all ) Tj ET Q q 0 0 0 rg BT 369.08 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.74 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.73 476.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 403.71 476.10 Td (value ) Tj ET Q q 0 0 0 rg BT 424.49 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.15 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.14 476.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 471.25 476.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 493.78 476.10 Td (As ) Tj ET Q q 0 0 0 rg BT 505.03 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 511.52 476.10 Td (result ) Tj ET Q q 0 0 0 rg BT 532.73 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.39 476.10 Td (this ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 464.70 Td (classification, ) Tj ET Q q 0 0 0 rg BT 98.08 464.70 Td (a ) Tj ET Q q 0 0 0 rg BT 104.16 464.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 129.72 464.70 Td (of ) Tj ET Q q 0 0 0 rg BT 137.96 464.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 167.86 464.70 Td (earned ) Tj ET Q q 0 0 0 rg BT 193.86 464.70 Td (on ) Tj ET Q q 0 0 0 rg BT 204.26 464.70 Td (the ) Tj ET Q q 0 0 0 rg BT 216.84 464.70 Td (property ) Tj ET Q q 0 0 0 rg BT 247.16 464.70 Td (is ) Tj ET Q q 0 0 0 rg BT 254.53 464.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 287.02 464.70 Td (as ) Tj ET Q q 0 0 0 rg BT 296.99 464.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 324.29 464.70 Td (income ) Tj ET Q q 0 0 0 rg BT 351.14 464.70 Td (on ) Tj ET Q q 0 0 0 rg BT 361.55 464.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 388.42 464.70 Td (lease. ) Tj ET Q q 0 0 0 rg BT 410.95 464.70 Td (Interest ) Tj ET Q q 0 0 0 rg BT 438.68 464.70 Td (income ) Tj ET Q q 0 0 0 rg BT 465.54 464.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 505.40 464.70 Td (on ) Tj ET Q q 0 0 0 rg BT 515.80 464.70 Td (the ) Tj ET Q q 0 0 0 rg BT 528.38 464.70 Td (finance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 453.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 70.94 453.30 Td (for ) Tj ET Q q 0 0 0 rg BT 82.34 453.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 95.49 453.30 Td (three ) Tj ET Q q 0 0 0 rg BT 115.56 453.30 Td (and ) Tj ET Q q 0 0 0 rg BT 130.87 453.30 Td (nine ) Tj ET Q q 0 0 0 rg BT 147.91 453.30 Td (months ) Tj ET Q q 0 0 0 rg BT 175.78 453.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 199.75 453.30 Td (September ) Tj ET Q q 0 0 0 rg BT 240.17 453.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 253.32 453.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 270.65 453.30 Td ( ) Tj ET Q q 0 0 0 rg BT 272.96 453.30 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 289.13 453.30 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 306.60 453.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 328.68 453.30 Td ( ) Tj ET Q q 0 0 0 rg BT 330.99 453.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 346.30 453.30 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 363.78 453.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 385.86 453.30 Td (, ) Tj ET Q q 0 0 0 rg BT 390.34 453.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 430.91 453.30 Td (, ) Tj ET Q q 0 0 0 rg BT 435.39 453.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 472.34 453.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.15 453.30 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 498.63 453.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.71 453.30 Td ( ) Tj ET Q q 0 0 0 rg BT 523.02 453.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.33 453.30 Td ($0.7 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 441.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.08 441.90 Td ( ) Tj ET Q q 0 0 0 rg BT 74.31 441.90 Td (for ) Tj ET Q q 0 0 0 rg BT 85.63 441.90 Td (the ) Tj ET Q q 0 0 0 rg BT 98.69 441.90 Td (same ) Tj ET Q q 0 0 0 rg BT 119.98 441.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 147.76 441.90 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 156.05 441.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 173.38 441.90 Td (. ) Tj ET Q q 0 0 0 rg BT 177.34 441.90 Td (As ) Tj ET Q q 0 0 0 rg BT 188.66 441.90 Td (the ) Tj ET Q q 0 0 0 rg BT 201.72 441.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 222.58 441.90 Td (commenced ) Tj ET Q q 0 0 0 rg BT 267.25 441.90 Td (on ) Tj ET Q q 0 0 0 rg BT 278.14 441.90 Td (June ) Tj ET Q q 0 0 0 rg BT 297.27 441.90 Td (5, ) Tj ET Q q 0 0 0 rg BT 306.00 441.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 327.72 441.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 355.51 441.90 Td (income ) Tj ET Q q 0 0 0 rg BT 382.85 441.90 Td (from ) Tj ET Q q 0 0 0 rg BT 400.66 441.90 Td (finance ) Tj ET Q q 0 0 0 rg BT 428.02 441.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 448.87 441.90 Td (receivable ) Tj ET Q q 0 0 0 rg BT 486.61 441.90 Td (for ) Tj ET Q q 0 0 0 rg BT 497.94 441.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.00 441.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 527.96 441.90 Td (months ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 430.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 73.53 430.50 Td (September ) Tj ET Q q 0 0 0 rg BT 113.51 430.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 126.21 430.50 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 143.54 430.50 Td ( ) Tj ET Q q 0 0 0 rg BT 145.40 430.50 Td (only ) Tj ET Q q 0 0 0 rg BT 161.56 430.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 192.02 430.50 Td (4 ) Tj ET Q q 0 0 0 rg BT 198.22 430.50 Td (months ) Tj ET Q q 0 0 0 rg BT 225.64 430.50 Td (of ) Tj ET Q q 0 0 0 rg BT 234.00 430.50 Td (income, ) Tj ET Q q 0 0 0 rg BT 263.15 430.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 299.66 430.50 Td (to ) Tj ET Q q 0 0 0 rg BT 308.03 430.50 Td (a ) Tj ET Q q 0 0 0 rg BT 314.23 430.50 Td (full ) Tj ET Q q 0 0 0 rg BT 326.06 430.50 Td (9 ) Tj ET Q q 0 0 0 rg BT 332.26 430.50 Td (months ) Tj ET Q q 0 0 0 rg BT 359.68 430.50 Td (of ) Tj ET Q q 0 0 0 rg BT 368.04 430.50 Td (income ) Tj ET Q q 0 0 0 rg BT 395.03 430.50 Td (in ) Tj ET Q q 0 0 0 rg BT 402.96 430.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 424.32 430.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 463.88 430.50 Td (for ) Tj ET Q q 0 0 0 rg BT 474.84 430.50 Td (the ) Tj ET Q q 0 0 0 rg BT 487.54 430.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 524.05 430.50 Td (increase ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (year ) Tj ET Q q 0 0 0 rg BT 67.32 419.10 Td (over ) Tj ET Q q 0 0 0 rg BT 84.64 419.10 Td (year) Tj ET Q q 0 0 0 rg BT 99.37 419.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 401.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.06 401.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.67 401.70 Td ( ) Tj ET Q q 0 0 0 rg BT 84.31 401.70 Td (makes ) Tj ET Q q 0 0 0 rg BT 108.90 401.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 133.93 401.70 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 168.90 401.70 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 212.55 401.70 Td (for ) Tj ET Q q 0 0 0 rg BT 223.28 401.70 Td (the ) Tj ET Q q 0 0 0 rg BT 235.76 401.70 Td (contributions ) Tj ET Q q 0 0 0 rg BT 281.57 401.70 Td (made ) Tj ET Q q 0 0 0 rg BT 302.70 401.70 Td (by ) Tj ET Q q 0 0 0 rg BT 312.57 401.70 Td (the ) Tj ET Q q 0 0 0 rg BT 325.04 401.70 Td (Data ) Tj ET Q q 0 0 0 rg BT 343.14 401.70 Td (Centre ) Tj ET Q q 0 0 0 rg BT 368.16 401.70 Td (to ) Tj ET Q q 0 0 0 rg BT 376.30 401.70 Td (its ) Tj ET Q q 0 0 0 rg BT 385.73 401.70 Td (Core-FFO ) Tj ET Q q 0 0 0 rg BT 422.43 401.70 Td (and ) Tj ET Q q 0 0 0 rg BT 436.74 401.70 Td (AFFO ) Tj ET Q q 0 0 0 rg BT 459.16 401.70 Td (to ) Tj ET Q q 0 0 0 rg BT 467.30 401.70 Td (account ) Tj ET Q q 0 0 0 rg BT 496.23 401.70 Td (for ) Tj ET Q q 0 0 0 rg BT 506.96 401.70 Td (the ) Tj ET Q q 0 0 0 rg BT 519.43 401.70 Td (dif) Tj ET Q q 0 0 0 rg BT 527.53 401.70 Td (ference ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 390.30 Td (between ) Tj ET Q q 0 0 0 rg BT 81.69 390.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 121.61 390.30 Td (under ) Tj ET Q q 0 0 0 rg BT 143.77 390.30 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 163.75 390.30 Td (and ) Tj ET Q q 0 0 0 rg BT 178.98 390.30 Td (the ) Tj ET Q q 0 0 0 rg BT 192.05 390.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 212.91 390.30 Td (contributions ) Tj ET Q q 0 0 0 rg BT 259.32 390.30 Td (under ) Tj ET Q q 0 0 0 rg BT 281.48 390.30 Td (a ) Tj ET Q q 0 0 0 rg BT 288.05 390.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 306.75 390.30 Td (basis. ) Tj ET Q q 0 0 0 rg BT 329.34 390.30 Td ( ) Tj ET Q q 0 0 0 rg BT 331.57 390.30 Td (On ) Tj ET Q q 0 0 0 rg BT 344.20 390.30 Td (a ) Tj ET Q q 0 0 0 rg BT 350.77 390.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 369.47 390.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 389.89 390.30 Td (the ) Tj ET Q q 0 0 0 rg BT 402.96 390.30 Td (Data ) Tj ET Q q 0 0 0 rg BT 421.65 390.30 Td (Centre ) Tj ET Q q 0 0 0 rg BT 447.27 390.30 Td (contributes ) Tj ET Q q 0 0 0 rg BT 487.61 390.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 538.35 390.30 Td ($6.0 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 378.90 Td (million ) Tj ET Q q 0 0 0 rg BT 74.24 378.90 Td (annually ) Tj ET Q q 0 0 0 rg BT 105.43 378.90 Td (from ) Tj ET Q q 0 0 0 rg BT 123.18 378.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 143.97 378.90 Td (payments.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 361.50 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 83.33 361.50 Td (T) Tj ET Q q 0 0 0 rg BT 87.51 361.50 Td (AXES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.62 344.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 83.23 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.42 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.24 344.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.76 344.10 Td (mutual ) Tj ET Q q 0 0 0 rg BT 125.34 344.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 142.70 344.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 160.05 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.24 344.10 Td (real ) Tj ET Q q 0 0 0 rg BT 190.42 344.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 213.84 344.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 253.71 344.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 271.06 344.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 303.57 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.26 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.28 344.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 352.89 344.10 Td (T) Tj ET Q q 0 0 0 rg BT 356.79 344.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 366.78 344.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 380.23 344.10 Td (\(Canada\). ) Tj ET Q q 0 0 0 rg BT 417.06 344.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 440.46 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.49 344.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 481.10 344.10 Td (T) Tj ET Q q 0 0 0 rg BT 484.99 344.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 494.98 344.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 508.43 344.10 Td (\(Canada\), ) Tj ET Q q 0 0 0 rg BT 545.26 344.10 Td (so ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 332.70 Td (long ) Tj ET Q q 0 0 0 rg BT 66.99 332.70 Td (as ) Tj ET Q q 0 0 0 rg BT 77.48 332.70 Td (the ) Tj ET Q q 0 0 0 rg BT 90.58 332.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 108.19 332.70 Td ( ) Tj ET Q q 0 0 0 rg BT 110.45 332.70 Td (meets ) Tj ET Q q 0 0 0 rg BT 133.93 332.70 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 172.56 332.70 Td (conditions ) Tj ET Q q 0 0 0 rg BT 209.91 332.70 Td (relating ) Tj ET Q q 0 0 0 rg BT 237.72 332.70 Td (to ) Tj ET Q q 0 0 0 rg BT 246.48 332.70 Td (the ) Tj ET Q q 0 0 0 rg BT 259.58 332.70 Td (nature ) Tj ET Q q 0 0 0 rg BT 283.93 332.70 Td (of ) Tj ET Q q 0 0 0 rg BT 292.69 332.70 Td (its ) Tj ET Q q 0 0 0 rg BT 302.75 332.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 327.53 332.70 Td (and ) Tj ET Q q 0 0 0 rg BT 342.79 332.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 373.21 332.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 388.90 332.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 409.10 332.70 Td ( ) Tj ET Q q 0 0 0 rg BT 411.36 332.70 Td (Conditions\), ) Tj ET Q q 0 0 0 rg BT 457.79 332.70 Td (the ) Tj ET Q q 0 0 0 rg BT 470.88 332.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 488.49 332.70 Td ( ) Tj ET Q q 0 0 0 rg BT 490.75 332.70 Td (is ) Tj ET Q q 0 0 0 rg BT 498.64 332.70 Td (not ) Tj ET Q q 0 0 0 rg BT 511.73 332.70 Td (liable ) Tj ET Q q 0 0 0 rg BT 532.19 332.70 Td (to ) Tj ET Q q 0 0 0 rg BT 540.95 332.70 Td (pay ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 321.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 85.12 321.30 Td (income ) Tj ET Q q 0 0 0 rg BT 112.01 321.30 Td (taxes ) Tj ET Q q 0 0 0 rg BT 132.40 321.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 164.06 321.30 Td (that ) Tj ET Q q 0 0 0 rg BT 178.83 321.30 Td (its ) Tj ET Q q 0 0 0 rg BT 188.39 321.30 Td (taxable ) Tj ET Q q 0 0 0 rg BT 215.29 321.30 Td (income ) Tj ET Q q 0 0 0 rg BT 242.17 321.30 Td (is ) Tj ET Q q 0 0 0 rg BT 249.57 321.30 Td (fully ) Tj ET Q q 0 0 0 rg BT 265.20 321.30 Td (distributed ) Tj ET Q q 0 0 0 rg BT 302.92 321.30 Td (to ) Tj ET Q q 0 0 0 rg BT 311.19 321.30 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 351.08 321.30 Td (during ) Tj ET Q q 0 0 0 rg BT 374.50 321.30 Td (the ) Tj ET Q q 0 0 0 rg BT 387.10 321.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 412.70 321.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 459.94 321.30 Td (intends ) Tj ET Q q 0 0 0 rg BT 486.84 321.30 Td (to ) Tj ET Q q 0 0 0 rg BT 495.11 321.30 Td (operate ) Tj ET Q q 0 0 0 rg BT 523.30 321.30 Td (the ) Tj ET Q q 0 0 0 rg BT 535.91 321.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 553.52 321.30 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 309.90 Td (in ) Tj ET Q q 0 0 0 rg BT 58.31 309.90 Td (a ) Tj ET Q q 0 0 0 rg BT 64.88 309.90 Td (manner ) Tj ET Q q 0 0 0 rg BT 93.54 309.90 Td (that ) Tj ET Q q 0 0 0 rg BT 108.78 309.90 Td (enables ) Tj ET Q q 0 0 0 rg BT 138.31 309.90 Td (the ) Tj ET Q q 0 0 0 rg BT 151.39 309.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 169.00 309.90 Td ( ) Tj ET Q q 0 0 0 rg BT 171.24 309.90 Td (to ) Tj ET Q q 0 0 0 rg BT 179.98 309.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 211.68 309.90 Td (to ) Tj ET Q q 0 0 0 rg BT 220.43 309.90 Td (meet ) Tj ET Q q 0 0 0 rg BT 239.99 309.90 Td (the ) Tj ET Q q 0 0 0 rg BT 253.07 309.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 270.68 309.90 Td ( ) Tj ET Q q 0 0 0 rg BT 272.92 309.90 Td (Conditions ) Tj ET Q q 0 0 0 rg BT 311.97 309.90 Td (and ) Tj ET Q q 0 0 0 rg BT 327.21 309.90 Td (to ) Tj ET Q q 0 0 0 rg BT 335.96 309.90 Td (distribute ) Tj ET Q q 0 0 0 rg BT 369.81 309.90 Td (all ) Tj ET Q q 0 0 0 rg BT 379.85 309.90 Td (of ) Tj ET Q q 0 0 0 rg BT 388.59 309.90 Td (its ) Tj ET Q q 0 0 0 rg BT 398.63 309.90 Td (taxable ) Tj ET Q q 0 0 0 rg BT 426.00 309.90 Td (income ) Tj ET Q q 0 0 0 rg BT 453.36 309.90 Td (to ) Tj ET Q q 0 0 0 rg BT 462.10 309.90 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 504.48 309.90 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 542.67 309.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 298.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 67.61 298.50 Td ( ) Tj ET Q q 0 0 0 rg BT 69.78 298.50 Td (has ) Tj ET Q q 0 0 0 rg BT 84.50 298.50 Td (not ) Tj ET Q q 0 0 0 rg BT 97.50 298.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 137.78 298.50 Td (any ) Tj ET Q q 0 0 0 rg BT 152.51 298.50 Td (current ) Tj ET Q q 0 0 0 rg BT 178.92 298.50 Td (or ) Tj ET Q q 0 0 0 rg BT 188.01 298.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 219.20 298.50 Td (income ) Tj ET Q q 0 0 0 rg BT 246.48 298.50 Td (taxes ) Tj ET Q q 0 0 0 rg BT 267.27 298.50 Td (in ) Tj ET Q q 0 0 0 rg BT 275.50 298.50 Td (its ) Tj ET Q q 0 0 0 rg BT 285.46 298.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 331.37 298.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 362.12 298.50 Td (statements. ) Tj ET Q 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 /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 724.70 Td (QUARTERL) Tj ET Q q 0 0 0 rg BT 92.05 724.70 Td (Y) Tj ET Q q 0 0 0 rg BT 97.11 724.70 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 135.05 724.70 Td (TION) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 707.30 Td (The following is a summary of financial and operational information for the REIT) Tj ET Q q 0 0 0 rg BT 323.92 707.30 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 50 690.8 m 183 690.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 677.8 m 183 677.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 690.8 m 229 690.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 183 677.8 m 229 677.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 690.8 m 275 690.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 677.8 m 275 677.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 690.8 m 321 690.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275 677.8 m 321 677.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 690.8 m 367 690.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321 677.8 m 367 677.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 690.8 m 413 690.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367 677.8 m 413 677.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 690.8 m 459 690.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 413 677.8 m 459 677.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 690.8 m 505 690.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459 677.8 m 505 677.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 690.8 m 551 690.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505 677.8 m 551 677.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 677.8 m 275 677.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275 677.8 m 321 677.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321 677.8 m 367 677.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367 677.8 m 413 677.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 413 677.8 m 459 677.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459 677.8 m 505 677.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505 677.8 m 551 677.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 637.8 m 183 637.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 183 637.8 m 229 637.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 229 637.8 m 275 637.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 275 637.8 m 321 637.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321 637.8 m 367 637.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367 637.8 m 413 637.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 413 637.8 m 459 637.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 459 637.8 m 505 637.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 505 637.8 m 551 637.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 195.79999999999995 m 183 195.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 195.79999999999995 m 229 195.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 195.79999999999995 m 275 195.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 195.79999999999995 m 321 195.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 195.79999999999995 m 367 195.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 195.79999999999995 m 413 195.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 195.79999999999995 m 459 195.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 195.79999999999995 m 505 195.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 195.79999999999995 m 551 195.79999999999995 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 197.15 681.75 Td (Q3 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 243.15 681.75 Td (Q2 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.15 681.75 Td (Q1 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.15 681.75 Td (Q4 2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.15 681.75 Td (Q3 2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.15 681.75 Td (Q2 2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.15 681.75 Td (Q1 2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 519.15 681.75 Td (Q4 2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 668.75 Td (Revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.50 668.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 199.30 668.75 Td (31,330) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 231.50 668.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.30 668.75 Td (28,197) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 277.50 668.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.30 668.80 Td (27,569) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.50 668.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.25 668.75 Td (29,939) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.50 668.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.25 668.75 Td (29,133) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.50 668.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.25 668.75 Td (14,390) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.50 668.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.30 668.80 Td (14,082) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 668.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.40 668.75 Td (8,917) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 655.75 Td (Operating costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 196.85 655.75 Td (\(16,362) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 221.90 655.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 242.85 655.75 Td (\(14,994) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 267.90 655.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 288.85 655.75 Td (\(15,302) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.90 655.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.80 655.75 Td (\(17,295) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.90 655.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 380.80 655.75 Td (\(14,808) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.90 655.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 430.95 655.75 Td (\(6,387) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.90 655.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.95 655.75 Td (\(6,454) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.90 655.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 522.95 655.75 Td (\(4,165) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.90 655.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 642.20 Td (Straight-line rent and other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.10 642.20 Td (\(522) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 221.90 642.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.10 642.20 Td (\(443) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 267.90 642.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.10 642.20 Td (\(493) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.90 642.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.05 642.20 Td (\(318) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.90 642.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.05 642.20 Td (\(438) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.90 642.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.05 642.20 Td (\(369) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.90 642.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.10 642.25 Td (\(502) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.90 642.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.20 642.20 Td (\(64) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.90 642.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 628.75 Td (Net operating income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.50 628.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 199.30 628.75 Td (14,446) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 231.50 628.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.30 628.75 Td (12,760) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 277.50 628.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.30 628.80 Td (11,774) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.50 628.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.25 628.75 Td (12,326) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.50 628.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.25 628.75 Td (13,887) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.50 628.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.40 628.75 Td (7,634) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.50 628.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.40 628.75 Td (7,126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 628.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.40 628.75 Td (4,688) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 602.75 Td (Net income \(loss\) and) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 589.75 Td ( comprehensive income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 185.50 589.75 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 203.40 589.75 Td (2,984) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 231.50 589.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.30 589.75 Td (15,244) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 277.50 589.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.40 589.75 Td (3,621) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.50 589.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.25 589.75 Td (13,201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 369.50 589.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 589.75 Td (4,830) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.50 589.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.25 589.75 Td (10,480) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.50 589.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.95 589.75 Td (\(1,230) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.90 589.75 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.50 589.75 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.55 589.80 Td (435) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 563.75 Td (W) Tj ET Q q 0 0 0 rg BT 59.34 563.75 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 155.77 566.05 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 199.30 563.75 Td (41,449) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.30 563.75 Td (35,674) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.30 563.80 Td (35,334) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.25 563.75 Td (35,519) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.25 563.75 Td (35,567) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.25 563.75 Td (20,032) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.30 563.80 Td (20,016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.30 563.80 Td (19,126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 537.75 Td (Distributions ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 95.16 540.05 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 203.40 537.75 Td (7,862) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.40 537.75 Td (6,912) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.40 537.75 Td (6,623) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.40 537.75 Td (6,646) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 537.75 Td (6,664) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.40 537.75 Td (4,729) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.40 537.75 Td (3,753) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.40 537.75 Td (3,138) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 524.75 Td (Distributions per unit) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 199.30 524.75 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 245.30 524.75 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.30 524.80 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 337.25 524.75 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.25 524.75 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 429.25 524.75 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.30 524.80 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.30 524.80 Td (0.1875) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 498.75 Td (FFO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 203.40 498.75 Td (9,989) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.40 498.75 Td (9,078) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.40 498.75 Td (8,173) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.40 498.75 Td (7,513) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 498.75 Td (9,525) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.40 498.75 Td (4,720) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.40 498.75 Td (4,530) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.40 498.75 Td (1,125) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 485.75 Td (FFO per unit - diluted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.50 485.75 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.50 485.75 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.50 485.75 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.50 485.75 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.50 485.75 Td (0.27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.50 485.75 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.50 485.75 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.50 485.75 Td (0.06) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 459.75 Td (Core-FFO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 199.30 459.75 Td (10,507) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.40 459.75 Td (9,588) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.40 459.75 Td (8,676) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.40 459.75 Td (8,528) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 459.75 Td (9,867) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.40 459.75 Td (4,764) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.40 459.75 Td (4,530) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.40 459.75 Td (2,479) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 446.75 Td (Core-FFO per unit - diluted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.50 446.75 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.50 446.75 Td (0.27) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.50 446.75 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.50 446.75 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.50 446.75 Td (0.28) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.50 446.75 Td (0.24) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.50 446.75 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.50 446.75 Td (0.13) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 420.75 Td (AFFO) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 203.40 420.75 Td (9,004) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 249.40 420.75 Td (8,192) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.40 420.75 Td (7,338) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.40 420.75 Td (7,409) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 420.75 Td (8,293) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.40 420.75 Td (3,685) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.40 420.75 Td (3,339) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.40 420.75 Td (1,971) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 407.75 Td (AFFO per unit - diluted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.50 407.75 Td (0.22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.50 407.75 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.50 407.75 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.50 407.75 Td (0.21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.50 407.75 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.50 407.75 Td (0.18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.50 407.75 Td (0.17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.50 407.75 Td (0.10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 394.75 Td (AFFO payout ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.50 394.75 Td (87.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 221.90 394.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.50 394.75 Td (84.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 267.90 394.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.50 394.75 Td (90.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.90 394.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.50 394.75 Td (89.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.90 394.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.50 394.75 Td (80.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.90 394.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 433.40 394.75 Td (128.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.90 394.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.40 394.75 Td (112.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.90 394.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.40 394.75 Td (159.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.90 394.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 368.75 Td (Properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 195.20 368.75 Td (937,160) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.20 368.75 Td (843,257) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 287.20 368.75 Td (741,681) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.20 368.75 Td (729,089) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.20 368.75 Td (728,053) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.20 368.75 Td (747,270) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.20 368.75 Td (448,062) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.20 368.75 Td (448,012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 355.75 Td (Total assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.05 355.75 Td (1,020,671) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.20 355.75 Td (926,179) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 287.20 355.75 Td (817,233) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.20 355.75 Td (812,995) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.20 355.75 Td (813,571) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.20 355.75 Td (801,946) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.20 355.75 Td (476,293) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.20 355.75 Td (476,670) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 342.75 Td (Total debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 195.20 342.75 Td (603,671) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 241.20 342.75 Td (564,882) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 287.20 342.75 Td (493,496) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.20 342.75 Td (495,604) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.20 342.75 Td (498,573) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 425.20 342.75 Td (490,656) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.20 342.75 Td (281,210) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 517.20 342.75 Td (280,486) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 316.75 Td (LTV ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.50 316.75 Td (59.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 221.90 316.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.50 316.75 Td (61.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 267.90 316.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.50 316.75 Td (60.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.90 316.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.50 316.75 Td (61.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.90 316.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.50 316.75 Td (61.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.90 316.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.50 316.75 Td (61.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.90 316.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.50 316.75 Td (59.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.90 316.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.50 316.75 Td (59.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.90 316.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 303.75 Td (Net debt to adjusted EBITDA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 211.10 303.75 Td (9.8x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.40 303.75 Td (30.7x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.40 303.75 Td (29.0x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.40 303.75 Td (28.2x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.40 303.75 Td (25.4x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.40 303.75 Td (51.1x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.40 303.75 Td (30.0x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.50 303.75 Td (0.0x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 290.75 Td (Interest coverage ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 211.10 290.75 Td (3.2x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.50 290.75 Td (3.3x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.50 290.75 Td (3.2x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.50 290.75 Td (3.0x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.50 290.75 Td (3.3x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.50 290.75 Td (2.5x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.50 290.75 Td (2.6x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.50 290.75 Td (2.7x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 277.75 Td (Debt service coverage ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 211.10 277.75 Td (2.6x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.50 277.75 Td (2.7x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.50 277.75 Td (2.7x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.50 277.75 Td (2.4x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.50 277.75 Td (2.7x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.50 277.75 Td (1.9x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.50 277.75 Td (1.9x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.50 277.75 Td (1.7x) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 251.75 Td (Number of properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.65 251.75 Td (35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 259.65 251.75 Td (34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.65 251.75 Td (34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 351.65 251.75 Td (34) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 397.65 251.75 Td (48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.65 251.75 Td (48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.65 251.75 Td (35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.65 251.75 Td (35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 238.75 Td (Office GLA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.05 238.75 Td (4,813,458) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 235.05 238.75 Td (4,550,820) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.05 238.80 Td (4,243,928) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.00 238.75 Td (4,243,928) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.00 238.75 Td (4,204,054) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.00 238.75 Td (4,343,891) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.05 238.80 Td (2,038,036) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.05 238.80 Td (2,040,294) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 225.75 Td (Total GLA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 189.05 225.75 Td (4,990,052) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 235.05 225.75 Td (4,727,414) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 281.05 225.80 Td (4,436,293) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.00 225.75 Td (4,436,293) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 373.00 225.75 Td (5,054,812) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.00 225.75 Td (5,262,636) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.05 225.80 Td (2,903,398) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.05 225.80 Td (2,905,756) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 212.75 Td (Occupancy - excluding redevelopment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.50 212.75 Td (90.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 221.90 212.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.50 212.75 Td (89.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 267.90 212.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.50 212.75 Td (89.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.90 212.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.50 212.75 Td (89.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.90 212.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.50 212.75 Td (90.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.90 212.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.50 212.75 Td (90.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.90 212.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.50 212.75 Td (91.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.90 212.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.50 212.75 Td (92.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.90 212.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 199.75 Td (Occupancy) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 207.50 199.75 Td (86.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 221.90 199.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 253.50 199.75 Td (85.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 267.90 199.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.50 199.75 Td (85.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.90 199.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.50 199.75 Td (85.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.90 199.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.50 199.75 Td (89.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.90 199.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 437.50 199.75 Td (90.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.90 199.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.50 199.75 Td (91.7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.90 199.75 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.50 199.75 Td (92.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.90 199.75 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 187.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.62 187.30 Td (The ) Tj ET Q q 0 0 0 rg BT 70.93 187.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 97.26 187.30 Td (average ) Tj ET Q q 0 0 0 rg BT 121.19 187.30 Td (number ) Tj ET Q q 0 0 0 rg BT 143.75 187.30 Td (of ) Tj ET Q q 0 0 0 rg BT 150.60 187.30 Td (basic ) Tj ET Q q 0 0 0 rg BT 166.67 187.30 Td (units ) Tj ET Q q 0 0 0 rg BT 181.37 187.30 Td (reflects ) Tj ET Q q 0 0 0 rg BT 202.91 187.30 Td (the ) Tj ET Q q 0 0 0 rg BT 213.17 187.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 227.07 187.30 Td ( ) Tj ET Q q 0 0 0 rg BT 228.78 187.30 Td (units ) Tj ET Q q 0 0 0 rg BT 243.49 187.30 Td (and ) Tj ET Q q 0 0 0 rg BT 255.46 187.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 279.73 187.30 Td (the ) Tj ET Q q 0 0 0 rg BT 290.00 187.30 Td (conversion ) Tj ET Q q 0 0 0 rg BT 321.45 187.30 Td (of ) Tj ET Q q 0 0 0 rg BT 328.29 187.30 Td (the ) Tj ET Q q 0 0 0 rg BT 338.55 187.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 355.64 187.30 Td (B ) Tj ET Q q 0 0 0 rg BT 361.45 187.30 Td (LP) Tj ET Q q 0 0 0 rg BT 368.87 187.30 Td ( ) Tj ET Q q 0 0 0 rg BT 370.58 187.30 Td (units ) Tj ET Q q 0 0 0 rg BT 385.28 187.30 Td (and ) Tj ET Q q 0 0 0 rg BT 397.26 187.30 Td (is ) Tj ET Q q 0 0 0 rg BT 403.41 187.30 Td (shown ) Tj ET Q q 0 0 0 rg BT 422.90 187.30 Td (in ) Tj ET Q q 0 0 0 rg BT 429.39 187.30 Td (thousands.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 178.30 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 58.73 178.30 Td (Includes ) Tj ET Q q 0 0 0 rg BT 83.35 178.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 117.88 178.30 Td (made ) Tj ET Q q 0 0 0 rg BT 134.97 178.30 Td (to ) Tj ET Q q 0 0 0 rg BT 141.81 178.30 Td (both ) Tj ET Q q 0 0 0 rg BT 155.50 178.30 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 187.30 178.30 Td (of ) Tj ET Q q 0 0 0 rg BT 194.14 178.30 Td (the ) Tj ET Q q 0 0 0 rg BT 204.40 178.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 218.30 178.30 Td ( ) Tj ET Q q 0 0 0 rg BT 220.01 178.30 Td (and ) Tj ET Q q 0 0 0 rg BT 231.98 178.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 249.07 178.30 Td (B ) Tj ET Q q 0 0 0 rg BT 254.88 178.30 Td (LP) Tj ET Q q 0 0 0 rg BT 262.30 178.30 Td ( ) Tj ET Q q 0 0 0 rg BT 264.01 178.30 Td (unitholders. ) 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 12.00 Tf ET q 0 0 0 rg BT 49.50 717.50 Td (P) Tj ET Q q 0 0 0 rg BT 55.34 717.50 Td (ART IV - FINANCIAL) Tj ET Q q 0 0 0 rg BT 149.17 717.50 Td ( CONDITION) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 88.39 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.27 700.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 109.30 700.10 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 132.10 700.10 Td (AL) Tj ET Q q 0 0 0 rg BT 142.34 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.51 700.10 Td (RESOURCES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 682.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.22 682.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 96.03 682.70 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 123.82 682.70 Td (needs ) Tj ET Q q 0 0 0 rg BT 146.84 682.70 Td (of ) Tj ET Q q 0 0 0 rg BT 155.14 682.70 Td (the ) Tj ET Q q 0 0 0 rg BT 167.77 682.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 185.38 682.70 Td ( ) Tj ET Q q 0 0 0 rg BT 187.18 682.70 Td (arise ) Tj ET Q q 0 0 0 rg BT 205.86 682.70 Td (from ) Tj ET Q q 0 0 0 rg BT 223.25 682.70 Td (working ) Tj ET Q q 0 0 0 rg BT 251.88 682.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 276.21 682.70 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 325.64 682.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 369.01 682.70 Td (to ) Tj ET Q q 0 0 0 rg BT 377.31 682.70 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 419.38 682.70 Td (planned ) Tj ET Q q 0 0 0 rg BT 448.91 682.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 476.27 682.70 Td (of ) Tj ET Q q 0 0 0 rg BT 484.57 682.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 530.98 682.70 Td (capital ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 671.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 96.78 671.30 Td (and ) Tj ET Q q 0 0 0 rg BT 111.94 671.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 138.80 671.30 Td (costs, ) Tj ET Q q 0 0 0 rg BT 161.32 671.30 Td (and ) Tj ET Q q 0 0 0 rg BT 176.48 671.30 Td (future ) Tj ET Q q 0 0 0 rg BT 198.57 671.30 Td (property ) Tj ET Q q 0 0 0 rg BT 229.32 671.30 Td (acquisitions. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 653.90 Td (Cash ) Tj ET Q q 0 0 0 rg BT 70.31 653.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 90.19 653.90 Td (from ) Tj ET Q q 0 0 0 rg BT 107.90 653.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 142.52 653.90 Td (the ) Tj ET Q q 0 0 0 rg BT 155.48 653.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 174.82 653.90 Td (s ) Tj ET Q q 0 0 0 rg BT 180.85 653.90 Td (property ) Tj ET Q q 0 0 0 rg BT 211.56 653.90 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 243.57 653.90 Td (available ) Tj ET Q q 0 0 0 rg BT 276.45 653.90 Td (funding ) Tj ET Q q 0 0 0 rg BT 304.14 653.90 Td (under ) Tj ET Q q 0 0 0 rg BT 326.20 653.90 Td (the ) Tj ET Q q 0 0 0 rg BT 339.16 653.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 358.50 653.90 Td (s ) Tj ET Q q 0 0 0 rg BT 364.52 653.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 385.71 653.90 Td (facilities ) Tj ET Q q 0 0 0 rg BT 415.55 653.90 Td (and ) Tj ET Q q 0 0 0 rg BT 430.68 653.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 449.27 653.90 Td (on ) Tj ET Q q 0 0 0 rg BT 460.06 653.90 Td (hand ) Tj ET Q q 0 0 0 rg BT 479.52 653.90 Td (represent ) Tj ET Q q 0 0 0 rg BT 514.56 653.90 Td (the ) Tj ET Q q 0 0 0 rg BT 527.53 653.90 Td (primary ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 642.50 Td (sources ) Tj ET Q q 0 0 0 rg BT 80.25 642.50 Td (of ) Tj ET Q q 0 0 0 rg BT 89.71 642.50 Td (liquidity) Tj ET Q q 0 0 0 rg BT 115.12 642.50 Td (. ) Tj ET Q q 0 0 0 rg BT 120.25 642.50 Td (Cash ) Tj ET Q q 0 0 0 rg BT 141.40 642.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 162.12 642.50 Td (from ) Tj ET Q q 0 0 0 rg BT 180.66 642.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 220.01 642.50 Td (are ) Tj ET Q q 0 0 0 rg BT 234.23 642.50 Td (dependent ) Tj ET Q q 0 0 0 rg BT 274.03 642.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 294.32 642.50 Td (rental ) Tj ET Q q 0 0 0 rg BT 316.77 642.50 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 356.99 642.50 Td (levels, ) Tj ET Q q 0 0 0 rg BT 382.04 642.50 Td (rental ) Tj ET Q q 0 0 0 rg BT 404.49 642.50 Td (rates, ) Tj ET Q q 0 0 0 rg BT 426.95 642.50 Td (the ) Tj ET Q q 0 0 0 rg BT 440.74 642.50 Td (collection ) Tj ET Q q 0 0 0 rg BT 476.19 642.50 Td (of ) Tj ET Q q 0 0 0 rg BT 485.65 642.50 Td (rents, ) Tj ET Q q 0 0 0 rg BT 508.11 642.50 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 547.01 642.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 84.65 631.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 105.01 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.17 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.17 631.10 Td (level ) Tj ET Q q 0 0 0 rg BT 151.36 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.02 631.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 194.68 631.10 Td (costs. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 613.70 Td (DEBT ) Tj ET Q q 0 0 0 rg BT 72.87 613.70 Td (STRA) Tj ET Q q 0 0 0 rg BT 93.49 613.70 Td (TEGY) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 596.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.78 596.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.12 596.30 Td (s ) Tj ET Q q 0 0 0 rg BT 89.87 596.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 128.98 596.30 Td (with ) Tj ET Q q 0 0 0 rg BT 144.69 596.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 172.09 596.30 Td (to ) Tj ET Q q 0 0 0 rg BT 180.45 596.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 197.47 596.30 Td (repayments ) Tj ET Q q 0 0 0 rg BT 240.03 596.30 Td (and ) Tj ET Q q 0 0 0 rg BT 254.88 596.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 282.30 596.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 329.62 596.30 Td (for ) Tj ET Q q 0 0 0 rg BT 340.57 596.30 Td (future ) Tj ET Q q 0 0 0 rg BT 362.35 596.30 Td (investment ) Tj ET Q q 0 0 0 rg BT 401.88 596.30 Td (property ) Tj ET Q q 0 0 0 rg BT 432.32 596.30 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 474.89 596.30 Td (will ) Tj ET Q q 0 0 0 rg BT 487.56 596.30 Td (be ) Tj ET Q q 0 0 0 rg BT 498.08 596.30 Td (primarilyfunded ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 584.90 Td (by ) Tj ET Q q 0 0 0 rg BT 60.14 584.90 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 100.66 584.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.52 584.90 Td (retained ) Tj ET Q q 0 0 0 rg BT 150.08 584.90 Td (after ) Tj ET Q q 0 0 0 rg BT 168.08 584.90 Td (distribution ) Tj ET Q q 0 0 0 rg BT 208.17 584.90 Td (the ) Tj ET Q q 0 0 0 rg BT 221.41 584.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 240.74 584.90 Td (s ) Tj ET Q q 0 0 0 rg BT 247.05 584.90 Td (maturing ) Tj ET Q q 0 0 0 rg BT 279.77 584.90 Td (debt, ) Tj ET Q q 0 0 0 rg BT 299.50 584.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 333.10 584.90 Td (unencumbered ) Tj ET Q q 0 0 0 rg BT 387.48 584.90 Td (properties, ) Tj ET Q q 0 0 0 rg BT 426.70 584.90 Td (or ) Tj ET Q q 0 0 0 rg BT 436.03 584.90 Td (future ) Tj ET Q q 0 0 0 rg BT 458.36 584.90 Td (issuances ) Tj ET Q q 0 0 0 rg BT 495.42 584.90 Td (of ) Tj ET Q q 0 0 0 rg BT 504.32 584.90 Td (trustunits ) Tj ET Q q 0 0 0 rg BT 540.51 584.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 573.50 Td (debentures.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.95 556.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.29 556.10 Td (s ) Tj ET Q q 0 0 0 rg BT 90.21 556.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 115.18 556.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 151.41 556.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 184.18 556.10 Td (is ) Tj ET Q q 0 0 0 rg BT 191.84 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.36 556.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 223.61 556.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 253.35 556.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 288.73 556.10 Td (withterms ) Tj ET Q q 0 0 0 rg BT 326.25 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.78 556.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 364.51 556.10 Td (that ) Tj ET Q q 0 0 0 rg BT 379.53 556.10 Td (are ) Tj ET Q q 0 0 0 rg BT 392.82 556.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 434.25 556.10 Td (having ) Tj ET Q q 0 0 0 rg BT 459.23 556.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 483.78 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.30 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.16 556.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 525.81 556.10 Td (maturity ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 544.70 Td (profiles ) Tj ET Q q 0 0 0 rg BT 76.41 544.70 Td (of ) Tj ET Q q 0 0 0 rg BT 84.71 544.70 Td (the ) Tj ET Q q 0 0 0 rg BT 97.33 544.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 135.08 544.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 171.52 544.70 Td (andwhich ) Tj ET Q q 0 0 0 rg BT 208.39 544.70 Td (allows ) Tj ET Q q 0 0 0 rg BT 231.83 544.70 Td (the ) Tj ET Q q 0 0 0 rg BT 244.46 544.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 262.07 544.70 Td ( ) Tj ET Q q 0 0 0 rg BT 263.86 544.70 Td (to ) Tj ET Q q 0 0 0 rg BT 272.16 544.70 Td (achieve ) Tj ET Q q 0 0 0 rg BT 300.81 544.70 Td (and ) Tj ET Q q 0 0 0 rg BT 315.60 544.70 Td (maintain ) Tj ET Q q 0 0 0 rg BT 346.85 544.70 Td (staggered ) Tj ET Q q 0 0 0 rg BT 383.29 544.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 400.26 544.70 Td (maturities ) Tj ET Q q 0 0 0 rg BT 435.82 544.70 Td (that ) Tj ET Q q 0 0 0 rg BT 450.62 544.70 Td (reduce ) Tj ET Q q 0 0 0 rg BT 476.23 544.70 Td (its ) Tj ET Q q 0 0 0 rg BT 485.82 544.70 Td (exposure ) Tj ET Q q 0 0 0 rg BT 519.67 544.70 Td (to ) Tj ET Q q 0 0 0 rg BT 527.96 544.70 Td (interest ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 533.30 Td (ratefluctuations ) Tj ET Q q 0 0 0 rg BT 107.17 533.30 Td (and ) Tj ET Q q 0 0 0 rg BT 122.84 533.30 Td (re-financing ) Tj ET Q q 0 0 0 rg BT 166.21 533.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 180.99 533.30 Td (in ) Tj ET Q q 0 0 0 rg BT 189.72 533.30 Td (any ) Tj ET Q q 0 0 0 rg BT 204.95 533.30 Td (particular ) Tj ET Q q 0 0 0 rg BT 239.65 533.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 265.97 533.30 Td (The ) Tj ET Q q 0 0 0 rg BT 282.06 533.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 299.67 533.30 Td ( ) Tj ET Q q 0 0 0 rg BT 302.34 533.30 Td (also ) Tj ET Q q 0 0 0 rg BT 319.30 533.30 Td (endeavors ) Tj ET Q q 0 0 0 rg BT 358.35 533.30 Td (to ) Tj ET Q q 0 0 0 rg BT 367.51 533.30 Td (have ) Tj ET Q q 0 0 0 rg BT 387.07 533.30 Td (an ) Tj ET Q q 0 0 0 rg BT 398.40 533.30 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 440.48 533.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 469.13 533.30 Td (of ) Tj ET Q q 0 0 0 rg BT 478.30 533.30 Td (fixed ) Tj ET Q q 0 0 0 rg BT 497.42 533.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 513.51 533.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 531.34 533.30 Td (and ) Tj ET Q q 0 0 0 rg BT 547.00 533.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 521.90 Td (extend ) Tj ET Q q 0 0 0 rg BT 75.06 521.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 91.95 521.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 113.60 521.90 Td (when ) Tj ET Q q 0 0 0 rg BT 134.39 521.90 Td (borrowingconditions ) Tj ET Q q 0 0 0 rg BT 208.00 521.90 Td (are ) Tj ET Q q 0 0 0 rg BT 221.43 521.90 Td (favourable. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 502.60 Td (INDEBTEDNESS RA) Tj ET Q q 0 0 0 rg BT 123.85 502.60 Td (TIO) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 485.20 Td (Indebtedness ) Tj ET Q q 0 0 0 rg BT 98.78 485.20 Td (ratio ) Tj ET Q q 0 0 0 rg BT 115.93 485.20 Td (is ) Tj ET Q q 0 0 0 rg BT 123.55 485.20 Td (a ) Tj ET Q q 0 0 0 rg BT 129.88 485.20 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 165.21 485.20 Td (measure ) Tj ET Q q 0 0 0 rg BT 197.52 485.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 234.59 485.20 Td (by ) Tj ET Q q 0 0 0 rg BT 244.82 485.20 Td (the ) Tj ET Q q 0 0 0 rg BT 257.64 485.20 Td (REIT) Tj ET Q q 0 0 0 rg BT 274.52 485.20 Td (. ) Tj ET Q q 0 0 0 rg BT 278.69 485.20 Td (In ) Tj ET Q q 0 0 0 rg BT 287.18 485.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 329.45 485.20 Td (with ) Tj ET Q q 0 0 0 rg BT 345.30 485.20 Td (the ) Tj ET Q q 0 0 0 rg BT 358.13 485.20 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 383.25 485.20 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 424.65 485.20 Td (of ) Tj ET Q q 0 0 0 rg BT 433.02 485.20 Td (T) Tj ET Q q 0 0 0 rg BT 437.50 485.20 Td (rust ) Tj ET Q q 0 0 0 rg BT 452.48 485.20 Td (the ) Tj ET Q q 0 0 0 rg BT 465.31 485.20 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 490.44 485.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 538.78 485.20 Td (may ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 473.80 Td (not ) Tj ET Q q 0 0 0 rg BT 62.98 473.80 Td (exceed ) Tj ET Q q 0 0 0 rg BT 90.26 473.80 Td (65% ) Tj ET Q q 0 0 0 rg BT 108.00 473.80 Td (of ) Tj ET Q q 0 0 0 rg BT 116.65 473.80 Td (thegross ) Tj ET Q q 0 0 0 rg BT 150.85 473.80 Td (book ) Tj ET Q q 0 0 0 rg BT 169.89 473.80 Td (value, ) Tj ET Q q 0 0 0 rg BT 192.83 473.80 Td (which ) Tj ET Q q 0 0 0 rg BT 214.90 473.80 Td (is ) Tj ET Q q 0 0 0 rg BT 222.68 473.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 250.39 473.80 Td (by ) Tj ET Q q 0 0 0 rg BT 260.77 473.80 Td (the ) Tj ET Q q 0 0 0 rg BT 273.75 473.80 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 315.30 473.80 Td (of ) Tj ET Q q 0 0 0 rg BT 323.82 473.80 Td (T) Tj ET Q q 0 0 0 rg BT 328.30 473.80 Td (rust ) Tj ET Q q 0 0 0 rg BT 343.44 473.80 Td (as ) Tj ET Q q 0 0 0 rg BT 353.82 473.80 Td (total ) Tj ET Q q 0 0 0 rg BT 370.69 473.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 395.37 473.80 Td (less ) Tj ET Q q 0 0 0 rg BT 411.37 473.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 445.56 473.80 Td (cash. ) Tj ET Q q 0 0 0 rg BT 466.21 473.80 Td (The ) Tj ET Q q 0 0 0 rg BT 481.78 473.80 Td (REIT) Tj ET Q q 0 0 0 rg BT 501.12 473.80 Td (s ) Tj ET Q q 0 0 0 rg BT 507.17 473.80 Td (indebtedness ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 462.40 Td (ratio ) Tj ET Q q 0 0 0 rg BT 66.49 462.40 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 74.32 462.40 Td (September30, ) Tj ET Q q 0 0 0 rg BT 126.76 462.40 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 144.09 462.40 Td ( ) Tj ET Q q 0 0 0 rg BT 145.43 462.40 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 160.62 462.40 Td (59.2%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 182.71 462.40 Td ( ) Tj ET Q q 0 0 0 rg BT 184.04 462.40 Td (which ) Tj ET Q q 0 0 0 rg BT 205.29 462.40 Td (is ) Tj ET Q q 0 0 0 rg BT 212.25 462.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 232.20 462.40 Td (by ) Tj ET Q q 0 0 0 rg BT 241.76 462.40 Td (190 ) Tj ET Q q 0 0 0 rg BT 256.09 462.40 Td (bps ) Tj ET Q q 0 0 0 rg BT 269.99 462.40 Td (compared ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.97 462.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 356.23 462.40 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.56 462.40 Td (. ) Tj ET Q q 0 0 0 rg BT 377.06 462.40 Td ( ) Tj ET Q q 0 0 0 rg BT 378.40 462.40 Td (Property ) Tj ET Q q 0 0 0 rg BT 409.18 462.40 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 451.22 462.40 Td (were ) Tj ET Q q 0 0 0 rg BT 469.44 462.40 Td (financed ) Tj ET Q q 0 0 0 rg BT 500.23 462.40 Td (with ) Tj ET Q q 0 0 0 rg BT 515.41 462.40 Td (borrowings ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 451.00 Td (at ) Tj ET Q q 0 0 0 rg BT 59.08 451.00 Td (a ) Tj ET Q q 0 0 0 rg BT 66.00 451.00 Td (leverage ) Tj ET Q q 0 0 0 rg BT 98.47 451.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 116.21 451.00 Td (greater ) Tj ET Q q 0 0 0 rg BT 143.48 451.00 Td (than ) Tj ET Q q 0 0 0 rg BT 161.23 451.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.65 451.00 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 200.37 451.00 Td (pre-existing ) Tj ET Q q 0 0 0 rg BT 243.22 451.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 280.45 451.00 Td (of) Tj ET Q q 0 0 0 rg BT 286.81 451.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 301.96 451.00 Td (by ) Tj ET Q q 0 0 0 rg BT 312.77 451.00 Td (the ) Tj ET Q q 0 0 0 rg BT 326.19 451.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 351.73 451.00 Td (of ) Tj ET Q q 0 0 0 rg BT 360.81 451.00 Td (the ) Tj ET Q q 0 0 0 rg BT 374.23 451.00 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 399.95 451.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 423.32 451.00 Td (of) Tj ET Q q 0 0 0 rg BT 429.69 451.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 451.76 451.00 Td (in ) Tj ET Q q 0 0 0 rg BT 460.41 451.00 Td (June ) Tj ET Q q 0 0 0 rg BT 479.89 451.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 499.80 451.00 Td (and ) Tj ET Q q 0 0 0 rg BT 515.39 451.00 Td (September ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 439.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 72.93 439.60 Td (which ) Tj ET Q q 0 0 0 rg BT 96.28 439.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 127.86 439.60 Td (debt, ) Tj ET Q q 0 0 0 rg BT 148.63 439.60 Td (which ) Tj ET Q q 0 0 0 rg BT 171.97 439.60 Td (was ) Tj ET Q q 0 0 0 rg BT 189.26 439.60 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 238.60 439.60 Td (redrawn ) Tj ET Q q 0 0 0 rg BT 270.18 439.60 Td (to ) Tj ET Q q 0 0 0 rg BT 280.11 439.60 Td (make ) Tj ET Q q 0 0 0 rg BT 302.59 439.60 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 348.90 439.60 Td (Subject ) Tj ET Q q 0 0 0 rg BT 378.32 439.60 Td (to ) Tj ET Q q 0 0 0 rg BT 388.25 439.60 Td (market ) Tj ET Q q 0 0 0 rg BT 415.50 439.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 454.01 439.60 Td (and ) Tj ET Q q 0 0 0 rg BT 470.44 439.60 Td (the ) Tj ET Q q 0 0 0 rg BT 484.71 439.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 511.52 439.60 Td (ofthe ) Tj ET Q q 0 0 0 rg BT 534.45 439.60 Td (REIT) Tj ET Q q 0 0 0 rg BT 551.33 439.60 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 428.20 Td (Management's ) Tj ET Q q 0 0 0 rg BT 102.43 428.20 Td (target ) Tj ET Q q 0 0 0 rg BT 123.92 428.20 Td (is ) Tj ET Q q 0 0 0 rg BT 131.12 428.20 Td (to ) Tj ET Q q 0 0 0 rg BT 139.18 428.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 170.20 428.20 Td (total ) Tj ET Q q 0 0 0 rg BT 186.49 428.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 234.41 428.20 Td (at ) Tj ET Q q 0 0 0 rg BT 242.47 428.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 292.54 428.20 Td (55%. ) Tj ET Q q 0 0 0 rg BT 311.77 428.20 Td (The ) Tj ET Q q 0 0 0 rg BT 326.76 428.20 Td (success ) Tj ET Q q 0 0 0 rg BT 356.47 428.20 Td (of ) Tj ET Q q 0 0 0 rg BT 364.54 428.20 Td (this ) Tj ET Q q 0 0 0 rg BT 378.23 428.20 Td (strategy ) Tj ET Q q 0 0 0 rg BT 407.51 428.20 Td (is ) Tj ET Q q 0 0 0 rg BT 414.71 428.20 Td (dependent ) Tj ET Q q 0 0 0 rg BT 453.10 428.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 472.00 428.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 488.73 428.20 Td (market ) Tj ET Q q 0 0 0 rg BT 514.11 428.20 Td (parameters ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 416.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 78.14 416.80 Td (at ) Tj ET Q q 0 0 0 rg BT 86.37 416.80 Td (thetime ) Tj ET Q q 0 0 0 rg BT 115.81 416.80 Td (of ) Tj ET Q q 0 0 0 rg BT 124.03 416.80 Td (borrowing, ) Tj ET Q q 0 0 0 rg BT 162.12 416.80 Td (as ) Tj ET Q q 0 0 0 rg BT 172.08 416.80 Td (well ) Tj ET Q q 0 0 0 rg BT 187.21 416.80 Td (as ) Tj ET Q q 0 0 0 rg BT 197.17 416.80 Td (the ) Tj ET Q q 0 0 0 rg BT 209.72 416.80 Td (particular ) Tj ET Q q 0 0 0 rg BT 243.49 416.80 Td (features ) Tj ET Q q 0 0 0 rg BT 273.37 416.80 Td (and ) Tj ET Q q 0 0 0 rg BT 288.09 416.80 Td (quality ) Tj ET Q q 0 0 0 rg BT 312.33 416.80 Td (of ) Tj ET Q q 0 0 0 rg BT 320.56 416.80 Td (the ) Tj ET Q q 0 0 0 rg BT 333.11 416.80 Td (underlying ) Tj ET Q q 0 0 0 rg BT 370.78 416.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 395.03 416.80 Td (being ) Tj ET Q q 0 0 0 rg BT 415.81 416.80 Td (financed. ) Tj ET Q q 0 0 0 rg BT 449.16 416.80 Td (If ) Tj ET Q q 0 0 0 rg BT 455.21 416.80 Td (this ) Tj ET Q q 0 0 0 rg BT 469.06 416.80 Td (strategyis ) Tj ET Q q 0 0 0 rg BT 506.30 416.80 Td (unsuccessful, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 405.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 68.90 405.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 101.65 405.40 Td (repayments ) Tj ET Q q 0 0 0 rg BT 146.09 405.40 Td (would ) Tj ET Q q 0 0 0 rg BT 170.17 405.40 Td (be ) Tj ET Q q 0 0 0 rg BT 182.57 405.40 Td (funded ) Tj ET Q q 0 0 0 rg BT 210.14 405.40 Td (by ) Tj ET Q q 0 0 0 rg BT 222.10 405.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 258.33 405.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 278.52 405.40 Td (flows, ) Tj ET Q q 0 0 0 rg BT 302.17 405.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 339.26 405.40 Td (draws ) Tj ET Q q 0 0 0 rg BT 363.77 405.40 Td (underthe ) Tj ET Q q 0 0 0 rg BT 400.43 405.40 Td (REIT) Tj ET Q q 0 0 0 rg BT 419.77 405.40 Td (s ) Tj ET Q q 0 0 0 rg BT 427.40 405.40 Td (revolving ) Tj ET Q q 0 0 0 rg BT 462.31 405.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 485.10 405.40 Td (facility) Tj ET Q q 0 0 0 rg BT 506.18 405.40 Td (, ) Tj ET Q q 0 0 0 rg BT 512.08 405.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 547.00 405.40 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 394.00 Td (unencumbered ) Tj ET Q q 0 0 0 rg BT 104.14 394.00 Td (income-producing ) Tj ET Q q 0 0 0 rg BT 168.23 394.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 205.04 394.00 Td (or ) Tj ET Q q 0 0 0 rg BT 214.13 394.00 Td (by ) Tj ET Q q 0 0 0 rg BT 224.52 394.00 Td (issuances ) Tj ET Q q 0 0 0 rg BT 261.34 394.00 Td (of ) Tj ET Q q 0 0 0 rg BT 270.00 394.00 Td (equityor ) Tj ET Q q 0 0 0 rg BT 302.05 394.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 319.38 394.00 Td (securities. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 376.60 Td (The ) Tj ET Q q 0 0 0 rg BT 65.59 376.60 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 90.89 376.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 139.41 376.60 Td (level ) Tj ET Q q 0 0 0 rg BT 157.60 376.60 Td (is ) Tj ET Q q 0 0 0 rg BT 165.39 376.60 Td (calculated ) Tj ET Q q 0 0 0 rg BT 202.64 376.60 Td (as ) Tj ET Q q 0 0 0 rg BT 213.03 376.60 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 366.1 m 392.75 366.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.75 351.1 m 392.75 351.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.75 366.1 m 472.75 366.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 351.1 m 472.75 351.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.75 366.1 m 552.75 366.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.75 351.1 m 552.75 351.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.75 351.1 m 552.75 351.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.75 321.1 m 392.75 321.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 321.1 m 472.75 321.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.75 321.1 m 552.75 321.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.75 291.1 m 392.75 291.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 276.1 m 392.75 276.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 291.1 m 472.75 291.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.75 276.1 m 472.75 276.1 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.75 291.1 m 552.75 291.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.75 276.1 m 552.75 276.1 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.45 355.63 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.80 355.63 Td (December 31, 2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 340.63 Td (Total assets) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.25 340.63 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 430.60 340.63 Td (1,020,671) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.25 340.63 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.10 340.63 Td (812,995) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 325.63 Td (Less: restricted cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.80 325.63 Td (1,404) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 525.80 325.63 Td (1,403) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 310.63 Td (Gross book value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 430.60 310.63 Td (1,019,267) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.10 310.63 Td (811,592) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 295.63 Td (Debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.25 295.63 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.10 295.63 Td (603,671) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.25 295.63 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.10 295.63 Td (495,604) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 280.63 Td (Leverage ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.10 280.63 Td (59.2) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.30 280.63 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.10 280.63 Td (61.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 545.30 280.63 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 253.80 Td (Additional ) Tj ET Q q 0 0 0 rg BT 86.38 253.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.23 253.80 Td (and ) Tj ET Q q 0 0 0 rg BT 141.39 253.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 176.04 253.80 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 213.29 253.80 Td (are ) Tj ET Q q 0 0 0 rg BT 226.72 253.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 258.76 253.80 Td (for ) Tj ET Q q 0 0 0 rg BT 270.02 253.80 Td (by ) Tj ET Q q 0 0 0 rg BT 280.42 253.80 Td (the ) Tj ET Q q 0 0 0 rg BT 293.42 253.80 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 334.99 253.80 Td (of ) Tj ET Q q 0 0 0 rg BT 343.52 253.80 Td (T) Tj ET Q q 0 0 0 rg BT 347.99 253.80 Td (rust. ) Tj ET Q q 0 0 0 rg BT 365.18 253.80 Td (The ) Tj ET Q q 0 0 0 rg BT 380.77 253.80 Td (REIT) Tj ET Q q 0 0 0 rg BT 398.38 253.80 Td ( ) Tj ET Q q 0 0 0 rg BT 400.55 253.80 Td (is ) Tj ET Q q 0 0 0 rg BT 408.34 253.80 Td (in ) Tj ET Q q 0 0 0 rg BT 416.57 253.80 Td (compliance ) Tj ET Q q 0 0 0 rg BT 458.14 253.80 Td (with ) Tj ET Q q 0 0 0 rg BT 474.16 253.80 Td (these ) Tj ET Q q 0 0 0 rg BT 495.39 253.80 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 534.80 253.80 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 230.40 Td (ADJUSTED EBITDA) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 213.00 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 82.46 213.00 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 110.17 213.00 Td ( ) Tj ET Q q 0 0 0 rg BT 112.81 213.00 Td (is ) Tj ET Q q 0 0 0 rg BT 121.09 213.00 Td (a ) Tj ET Q q 0 0 0 rg BT 128.06 213.00 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 164.04 213.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 197.00 213.00 Td (and ) Tj ET Q q 0 0 0 rg BT 212.64 213.00 Td (is ) Tj ET Q q 0 0 0 rg BT 220.91 213.00 Td (used ) Tj ET Q q 0 0 0 rg BT 240.45 213.00 Td (by ) Tj ET Q q 0 0 0 rg BT 251.32 213.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.80 213.00 Td (REIT) Tj ET Q q 0 0 0 rg BT 282.41 213.00 Td ( ) Tj ET Q q 0 0 0 rg BT 285.05 213.00 Td (to ) Tj ET Q q 0 0 0 rg BT 294.19 213.00 Td (monitor ) Tj ET Q q 0 0 0 rg BT 322.82 213.00 Td (the ) Tj ET Q q 0 0 0 rg BT 336.29 213.00 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 362.07 213.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 384.63 213.00 Td (to ) Tj ET Q q 0 0 0 rg BT 393.78 213.00 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 418.51 213.00 Td (and ) Tj ET Q q 0 0 0 rg BT 434.15 213.00 Td (service ) Tj ET Q q 0 0 0 rg BT 461.47 213.00 Td (its ) Tj ET Q q 0 0 0 rg BT 471.91 213.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 489.72 213.00 Td (as ) Tj ET Q q 0 0 0 rg BT 500.59 213.00 Td (well ) Tj ET Q q 0 0 0 rg BT 516.65 213.00 Td (as ) Tj ET Q q 0 0 0 rg BT 527.53 213.00 Td (monitor ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 201.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 96.94 201.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 128.37 201.60 Td (by ) Tj ET Q q 0 0 0 rg BT 138.57 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.38 201.60 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 176.49 201.60 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 206.18 201.60 Td (Specifically) Tj ET Q q 0 0 0 rg BT 244.58 201.60 Td (, ) Tj ET Q q 0 0 0 rg BT 248.73 201.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 280.16 201.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 307.87 201.60 Td ( ) Tj ET Q q 0 0 0 rg BT 309.85 201.60 Td (is ) Tj ET Q q 0 0 0 rg BT 317.45 201.60 Td (used ) Tj ET Q q 0 0 0 rg BT 336.32 201.60 Td (to ) Tj ET Q q 0 0 0 rg BT 344.80 201.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 372.75 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.56 201.60 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 410.67 201.60 Td (leverage ) Tj ET Q q 0 0 0 rg BT 442.53 201.60 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 461.83 201.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 489.36 201.60 Td (coverage ) Tj ET Q q 0 0 0 rg BT 523.38 201.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 540.52 201.60 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 190.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 67.87 190.20 Td (service ) Tj ET Q q 0 0 0 rg BT 95.75 190.20 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 116.27 190.20 Td (which ) Tj ET Q q 0 0 0 rg BT 139.39 190.20 Td (the ) Tj ET Q q 0 0 0 rg BT 153.43 190.20 Td (REIT) Tj ET Q q 0 0 0 rg BT 171.03 190.20 Td ( ) Tj ET Q q 0 0 0 rg BT 174.24 190.20 Td (uses ) Tj ET Q q 0 0 0 rg BT 193.90 190.20 Td (to ) Tj ET Q q 0 0 0 rg BT 203.60 190.20 Td (measure ) Tj ET Q q 0 0 0 rg BT 237.11 190.20 Td (its ) Tj ET Q q 0 0 0 rg BT 248.11 190.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 266.48 190.20 Td (profile ) Tj ET Q q 0 0 0 rg BT 290.90 190.20 Td (and ) Tj ET Q q 0 0 0 rg BT 307.10 190.20 Td (assess ) Tj ET Q q 0 0 0 rg BT 334.55 190.20 Td (its ) Tj ET Q q 0 0 0 rg BT 345.55 190.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 368.67 190.20 Td (to ) Tj ET Q q 0 0 0 rg BT 378.37 190.20 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 403.66 190.20 Td (its ) Tj ET Q q 0 0 0 rg BT 414.66 190.20 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 457.28 190.20 Td (including ) Tj ET Q q 0 0 0 rg BT 491.23 190.20 Td (servicing ) Tj ET Q q 0 0 0 rg BT 525.18 190.20 Td (its ) Tj ET Q q 0 0 0 rg BT 536.17 190.20 Td (debt. ) Tj ET Q q 0 0 0 rg BT 555.67 190.20 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 178.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 96.70 178.80 Td (views ) Tj ET Q q 0 0 0 rg BT 117.90 178.80 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 149.08 178.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 176.79 178.80 Td ( ) Tj ET Q q 0 0 0 rg BT 178.51 178.80 Td (as ) Tj ET Q q 0 0 0 rg BT 188.46 178.80 Td (a ) Tj ET Q q 0 0 0 rg BT 194.52 178.80 Td (proxy ) Tj ET Q q 0 0 0 rg BT 215.30 178.80 Td (for ) Tj ET Q q 0 0 0 rg BT 226.11 178.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 260.32 178.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 278.50 178.80 Td (flow ) Tj ET Q q 0 0 0 rg BT 294.08 178.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 311.39 178.80 Td (to ) Tj ET Q q 0 0 0 rg BT 319.61 178.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 346.88 178.80 Td (costs. ) Tj ET Q q 0 0 0 rg BT 368.96 178.80 Td ( ) Tj ET Q q 0 0 0 rg BT 370.35 178.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 402.39 178.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 430.10 178.80 Td ( ) Tj ET Q q 0 0 0 rg BT 431.82 178.80 Td (represents ) Tj ET Q q 0 0 0 rg BT 470.35 178.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 501.96 178.80 Td (before ) Tj ET Q q 0 0 0 rg BT 525.78 178.80 Td (interest, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 167.40 Td (income ) Tj ET Q q 0 0 0 rg BT 77.11 167.40 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 100.39 167.40 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 147.49 167.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 160.81 167.40 Td (value ) Tj ET Q q 0 0 0 rg BT 181.92 167.40 Td (gains ) Tj ET Q q 0 0 0 rg BT 203.04 167.40 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 232.81 167.40 Td (from ) Tj ET Q q 0 0 0 rg BT 250.88 167.40 Td (both ) Tj ET Q q 0 0 0 rg BT 268.54 167.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.61 167.40 Td (instruments ) Tj ET Q q 0 0 0 rg BT 342.37 167.40 Td (and ) Tj ET Q q 0 0 0 rg BT 357.86 167.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 398.03 167.40 Td (properties, ) Tj ET Q q 0 0 0 rg BT 437.33 167.40 Td (while ) Tj ET Q q 0 0 0 rg BT 457.57 167.40 Td (also ) Tj ET Q q 0 0 0 rg BT 474.36 167.40 Td (excluding ) Tj ET Q q 0 0 0 rg BT 509.77 167.40 Td (nonrecurring ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 156.00 Td (items ) Tj ET Q q 0 0 0 rg BT 70.03 156.00 Td (such ) Tj ET Q q 0 0 0 rg BT 88.40 156.00 Td (as ) Tj ET Q q 0 0 0 rg BT 98.55 156.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 138.57 156.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 158.68 156.00 Td (from ) Tj ET Q q 0 0 0 rg BT 176.17 156.00 Td (dispositions, ) Tj ET Q q 0 0 0 rg BT 220.96 156.00 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 263.59 156.00 Td (or ) Tj ET Q q 0 0 0 rg BT 272.43 156.00 Td (other ) Tj ET Q q 0 0 0 rg BT 292.10 156.00 Td (events ) Tj ET Q q 0 0 0 rg BT 316.97 156.00 Td (and ) Tj ET Q q 0 0 0 rg BT 331.88 156.00 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 364.99 156.00 Td (income ) Tj ET Q q 0 0 0 rg BT 392.01 156.00 Td (received ) Tj ET Q q 0 0 0 rg BT 423.38 156.00 Td (from ) Tj ET Q q 0 0 0 rg BT 440.87 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 453.62 156.00 Td (Data ) Tj ET Q q 0 0 0 rg BT 471.99 156.00 Td (Centre ) Tj ET Q q 0 0 0 rg BT 497.28 156.00 Td (to ) Tj ET Q q 0 0 0 rg BT 505.69 156.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 524.07 156.00 Td (received ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 144.60 Td (as ) Tj ET Q q 0 0 0 rg BT 60.09 144.60 Td (opposed ) Tj ET Q q 0 0 0 rg BT 92.34 144.60 Td (to ) Tj ET Q q 0 0 0 rg BT 101.20 144.60 Td (finance ) Tj ET Q q 0 0 0 rg BT 128.69 144.60 Td (income ) Tj ET Q q 0 0 0 rg BT 156.16 144.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 189.27 144.60 Td (for ) Tj ET Q q 0 0 0 rg BT 200.72 144.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 240.77 144.60 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 277.35 144.60 Td (Similar ) Tj ET Q q 0 0 0 rg BT 303.51 144.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 347.88 144.60 Td (are ) Tj ET Q q 0 0 0 rg BT 361.50 144.60 Td (made ) Tj ET Q q 0 0 0 rg BT 383.35 144.60 Td (to ) Tj ET Q q 0 0 0 rg BT 392.21 144.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.40 144.60 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 430.90 144.60 Td (share ) Tj ET Q q 0 0 0 rg BT 452.75 144.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.61 144.60 Td (net ) Tj ET Q q 0 0 0 rg BT 474.80 144.60 Td (income ) Tj ET Q q 0 0 0 rg BT 502.27 144.60 Td (or ) Tj ET Q q 0 0 0 rg BT 511.56 144.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 527.78 144.60 Td (from ) Tj ET Q q 0 0 0 rg BT 545.72 144.60 Td (its ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 133.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 72.46 133.20 Td (accounted ) Tj ET Q q 0 0 0 rg BT 110.58 133.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 150.42 133.20 Td (when ) Tj ET Q q 0 0 0 rg BT 171.21 133.20 Td (calculating ) Tj ET Q q 0 0 0 rg BT 210.19 133.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 241.81 133.20 Td (EBITDA. ) 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 49.50 724.70 Td (The following is a reconciliation from net income and comprehensive income to adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 382.96 724.70 Td ( for the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.38 724.70 Td (three and nine months ended September ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 713.30 Td (30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 79.83 713.30 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 702.8 m 266 702.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 702.8 m 338 702.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 702.8 m 410 702.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 702.8 m 482 702.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 702.8 m 554 702.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 674.8 m 266 674.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 674.8 m 338 674.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 674.8 m 410 674.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 674.8 m 482 674.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 674.8 m 554 674.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 674.8 m 338 674.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 674.8 m 410 674.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 506.8 m 266 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 492.8 m 266 492.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 506.8 m 338 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 492.8 m 338 492.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 506.8 m 410 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 492.8 m 410 492.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 506.8 m 482 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 492.8 m 482 492.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 506.8 m 554 506.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 492.8 m 554 492.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 693.38 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 693.38 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 679.33 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 679.33 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 679.33 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 679.33 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 665.38 Td (Net income and comprehensive income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 665.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 665.33 Td (2,984) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 665.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 665.33 Td (4,830) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 665.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 665.33 Td (21,849) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 665.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 665.33 Td (14,080) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 651.38 Td (Income from equity accounted investment) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.10 651.38 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.30 651.33 Td (\(107) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 651.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 471.10 651.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 651.33 Td (\(2,547) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 651.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 637.38 Td (Finance income on finance lease receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.80 637.38 Td (\(1,006) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 637.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.30 637.33 Td (\(518) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 637.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.80 637.33 Td (\(3,043) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 637.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 637.33 Td (\(691) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 637.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 623.38 Td (Net operating income from Data Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 623.33 Td (1,524) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 623.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 623.33 Td (4,574) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 623.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 609.38 Td (Interest income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.60 609.38 Td (\(20) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 609.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.30 609.33 Td (\(286) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 609.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.60 609.33 Td (\(50) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 609.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.30 609.33 Td (\(682) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 609.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 595.38 Td (Interest and finance costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 595.33 Td (5,005) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 595.33 Td (4,510) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 595.33 Td (13,638) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 595.33 Td (10,105) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 581.38 Td (Change in fair value of investment property) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 581.33 Td (1,497) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 581.33 Td (332) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.80 581.33 Td (\(6,911) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 581.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 581.33 Td (7,871) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 567.38 Td (Change in fair value of financial instruments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.60 567.38 Td (\(96) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 567.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 567.33 Td (779) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.90 567.33 Td (962) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 567.33 Td (\(3,291) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 567.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 553.38 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.20 553.33 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 553.33 Td (1,495) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.90 553.33 Td (221) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 553.33 Td (1,723) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 539.38 Td (Depreciation of hotel asset) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.90 539.33 Td (149) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 539.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.90 539.33 Td (428) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 539.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 525.38 Td (Change in fair value of Class B LP) Tj ET Q q 0 0 0 rg BT 171.03 525.38 Td ( units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 525.33 Td (4,281) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 525.33 Td (1,218) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 525.33 Td (7,241) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 525.33 Td (\(1,979) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 525.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 511.38 Td (Distributions to Class B LP) Tj ET Q q 0 0 0 rg BT 144.59 511.38 Td ( unitholders) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.90 511.33 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.90 511.33 Td (951) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 511.33 Td (2,973) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 511.33 Td (2,854) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 497.38 Td (Adjusted EBITDA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 497.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 497.38 Td (15,324) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 497.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 497.33 Td (13,204) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 497.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 497.33 Td (41,882) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 497.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 497.33 Td (27,443) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 475.90 Td (The following is a calculation of adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 218.83 475.90 Td ( for the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 245.26 475.90 Td (three and nine months ended September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.39 475.90 Td ( and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 436.72 475.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.05 475.90 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 459.4 m 266 459.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 459.4 m 338 459.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 459.4 m 410 459.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 459.4 m 482 459.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 459.4 m 554 459.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 431.4 m 266 431.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 431.4 m 410 431.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 431.4 m 482 431.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 431.4 m 554 431.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 431.4 m 338 431.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 431.4 m 410 431.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 431.4 m 482 431.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 431.4 m 554 431.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 379.4 m 266 379.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 379.4 m 338 379.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 379.4 m 410 379.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 379.4 m 482 379.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 379.4 m 554 379.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 366.4 m 266 366.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 366.4 m 338 366.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 366.4 m 410 366.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 366.4 m 482 366.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 366.4 m 554 366.4 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 449.93 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 449.93 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 435.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 435.93 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 435.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 435.93 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 421.98 Td (Rental revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 421.98 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 422.03 Td (31,330) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 421.98 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 421.98 Td (29,133) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 421.98 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 421.98 Td (87,096) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 421.98 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 421.98 Td (57,604) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 408.98 Td (Property operating expenses) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.45 408.98 Td (\(16,362) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 408.98 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.45 408.98 Td (\(14,808) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 408.98 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.45 408.98 Td (\(46,658) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 408.98 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.45 408.98 Td (\(27,649) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 408.98 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 395.98 Td (Net operating income from Data Centre) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 395.98 Td (1,524) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.10 395.98 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 395.98 Td (4,574) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 543.10 395.98 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 382.98 Td (General and administrative) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.80 383.03 Td (\(1,168) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.90 382.98 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 384.80 382.98 Td (\(1,121) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 406.90 382.98 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.80 382.98 Td (\(3,130) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.90 382.98 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.80 382.98 Td (\(2,512) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 382.98 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 369.98 Td (Adjusted EBITDA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 369.98 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 370.03 Td (15,324) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 369.98 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 369.98 Td (13,204) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 369.98 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 369.98 Td (41,882) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 369.98 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 369.98 Td (27,443) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 349.50 Td (INTEREST COVERAGE) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (In ) Tj ET Q q 0 0 0 rg BT 58.66 332.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 88.61 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.78 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.27 332.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 137.07 332.10 Td (level ) Tj ET Q q 0 0 0 rg BT 155.75 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.91 332.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 213.93 332.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 251.67 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.40 332.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 303.34 332.10 Td (with ) Tj ET Q q 0 0 0 rg BT 319.85 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.35 332.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 359.14 332.10 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 401.21 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.20 332.10 Td (T) Tj ET Q q 0 0 0 rg BT 414.68 332.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 432.50 332.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 480.63 332.10 Td (also ) Tj ET Q q 0 0 0 rg BT 497.59 332.10 Td (monitors ) Tj ET Q q 0 0 0 rg BT 530.12 332.10 Td (certain ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 320.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 80.37 320.70 Td (measures, ) Tj ET Q q 0 0 0 rg BT 119.02 320.70 Td (which ) Tj ET Q q 0 0 0 rg BT 141.21 320.70 Td (include ) Tj ET Q q 0 0 0 rg BT 168.18 320.70 Td (the ) Tj ET Q q 0 0 0 rg BT 181.29 320.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 190.49 320.70 Td (net ) Tj ET Q q 0 0 0 rg BT 203.60 320.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 221.05 320.70 Td (to ) Tj ET Q q 0 0 0 rg BT 229.83 320.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 261.57 320.70 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 289.27 320.70 Td ( ) Tj ET Q q 0 0 0 rg BT 291.55 320.70 Td (leverage ) Tj ET Q q 0 0 0 rg BT 323.72 320.70 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 343.32 320.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 354.25 320.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 382.08 320.70 Td (coverage ) Tj ET Q q 0 0 0 rg BT 416.41 320.70 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 436.01 320.70 Td (and ) Tj ET Q q 0 0 0 rg BT 451.29 320.70 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 463.95 320.70 Td (the ) Tj ET Q q 0 0 0 rg BT 477.06 320.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 494.51 320.70 Td (service ) Tj ET Q q 0 0 0 rg BT 521.46 320.70 Td (coverage ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 309.30 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 68.56 309.30 Td (All ) Tj ET Q q 0 0 0 rg BT 79.38 309.30 Td (of ) Tj ET Q q 0 0 0 rg BT 88.05 309.30 Td (these ) Tj ET Q q 0 0 0 rg BT 109.28 309.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 145.65 309.30 Td (are ) Tj ET Q q 0 0 0 rg BT 159.07 309.30 Td (non-IFRS ) Tj ET Q q 0 0 0 rg BT 194.57 309.30 Td (measures. ) Tj ET Q q 0 0 0 rg BT 233.11 309.30 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 291.90 Td (Net Debt to adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 156.11 291.90 Td ( leverage ratio) 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 65.04 274.50 Td (net ) Tj ET Q q 0 0 0 rg BT 77.98 274.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 95.26 274.50 Td (to ) Tj ET Q q 0 0 0 rg BT 103.87 274.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 135.44 274.50 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 163.15 274.50 Td ( ) Tj ET Q q 0 0 0 rg BT 165.26 274.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 182.53 274.50 Td (is ) Tj ET Q q 0 0 0 rg BT 190.27 274.50 Td (used ) Tj ET Q q 0 0 0 rg BT 209.27 274.50 Td (to ) Tj ET Q q 0 0 0 rg BT 217.89 274.50 Td (calculate ) Tj ET Q q 0 0 0 rg BT 250.75 274.50 Td (the ) Tj ET Q q 0 0 0 rg BT 263.69 274.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 294.39 274.50 Td (leverage ) Tj ET Q q 0 0 0 rg BT 326.39 274.50 Td (of ) Tj ET Q q 0 0 0 rg BT 335.00 274.50 Td (the ) Tj ET Q q 0 0 0 rg BT 347.94 274.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 364.82 274.50 Td (, ) Tj ET Q q 0 0 0 rg BT 369.10 274.50 Td (specifically) Tj ET Q q 0 0 0 rg BT 406.20 274.50 Td (, ) Tj ET Q q 0 0 0 rg BT 410.48 274.50 Td (its ) Tj ET Q q 0 0 0 rg BT 420.39 274.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 442.42 274.50 Td (to ) Tj ET Q q 0 0 0 rg BT 451.03 274.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 470.47 274.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.16 274.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 540.53 274.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 57.36 263.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 84.27 263.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.96 263.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 121.63 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.49 263.10 Td (its ) Tj ET Q q 0 0 0 rg BT 138.64 263.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 167.29 263.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 187.71 263.10 Td (strength. ) Tj ET Q q 0 0 0 rg BT 219.30 263.10 Td (The ) Tj ET Q q 0 0 0 rg BT 234.09 263.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 251.70 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.06 263.10 Td (calculates ) Tj ET Q q 0 0 0 rg BT 289.06 263.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 305.58 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.44 263.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 344.26 263.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 371.97 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.33 263.10 Td (by ) Tj ET Q q 0 0 0 rg BT 382.91 263.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 410.69 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.88 263.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 459.33 263.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 486.67 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.53 263.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 511.06 263.10 Td (outstanding, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 251.70 Td (less ) Tj ET Q q 0 0 0 rg BT 65.37 251.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 83.84 251.70 Td (on ) Tj ET Q q 0 0 0 rg BT 94.52 251.70 Td (hand, ) Tj ET Q q 0 0 0 rg BT 116.04 251.70 Td (by ) Tj ET Q q 0 0 0 rg BT 126.28 251.70 Td (annualized ) Tj ET Q q 0 0 0 rg BT 165.98 251.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 197.45 251.70 Td (EBITDA. ) Tj ET Q q 0 0 0 rg BT 229.64 251.70 Td (The ) Tj ET Q q 0 0 0 rg BT 245.08 251.70 Td (net ) Tj ET Q q 0 0 0 rg BT 257.93 251.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 275.11 251.70 Td (to ) Tj ET Q q 0 0 0 rg BT 283.62 251.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 315.09 251.70 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 342.80 251.70 Td ( ) Tj ET Q q 0 0 0 rg BT 344.81 251.70 Td (leverage ) Tj ET Q q 0 0 0 rg BT 376.71 251.70 Td (ratio ) Tj ET Q q 0 0 0 rg BT 393.88 251.70 Td (also ) Tj ET Q q 0 0 0 rg BT 410.19 251.70 Td (indicates ) Tj ET Q q 0 0 0 rg BT 442.96 251.70 Td (the ) Tj ET Q q 0 0 0 rg BT 455.80 251.70 Td (number ) Tj ET Q q 0 0 0 rg BT 484.23 251.70 Td (of ) Tj ET Q q 0 0 0 rg BT 492.74 251.70 Td (years ) Tj ET Q q 0 0 0 rg BT 513.81 251.70 Td (required ) Tj ET Q q 0 0 0 rg BT 544.41 251.70 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 240.30 Td (the ) Tj ET Q q 0 0 0 rg BT 63.01 240.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.35 240.30 Td (s ) Tj ET Q q 0 0 0 rg BT 88.92 240.30 Td (unleveraged ) Tj ET Q q 0 0 0 rg BT 134.48 240.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 169.64 240.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 202.20 240.30 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 217.86 240.30 Td (before ) Tj ET Q q 0 0 0 rg BT 242.63 240.30 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 289.92 240.30 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 337.19 240.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 377.98 240.30 Td (costs, ) Tj ET Q q 0 0 0 rg BT 401.01 240.30 Td (gains ) Tj ET Q q 0 0 0 rg BT 422.32 240.30 Td (or ) Tj ET Q q 0 0 0 rg BT 431.92 240.30 Td (losses, ) Tj ET Q q 0 0 0 rg BT 458.85 240.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 472.34 240.30 Td (value ) Tj ET Q q 0 0 0 rg BT 493.65 240.30 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 540.50 240.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 228.90 Td (taxes\) ) Tj ET Q q 0 0 0 rg BT 73.21 228.90 Td (to ) Tj ET Q q 0 0 0 rg BT 82.20 228.90 Td (cover ) Tj ET Q q 0 0 0 rg BT 103.74 228.90 Td (or ) Tj ET Q q 0 0 0 rg BT 113.16 228.90 Td (repay ) Tj ET Q q 0 0 0 rg BT 135.14 228.90 Td (all ) Tj ET Q q 0 0 0 rg BT 145.42 228.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 188.20 228.90 Td (debts. ) Tj ET Q q 0 0 0 rg BT 211.76 228.90 Td (The ) Tj ET Q q 0 0 0 rg BT 227.68 228.90 Td (net ) Tj ET Q q 0 0 0 rg BT 241.00 228.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 258.66 228.90 Td (to ) Tj ET Q q 0 0 0 rg BT 267.65 228.90 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 299.60 228.90 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 327.30 228.90 Td ( ) Tj ET Q q 0 0 0 rg BT 329.79 228.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 347.44 228.90 Td (also ) Tj ET Q q 0 0 0 rg BT 364.22 228.90 Td (takes ) Tj ET Q q 0 0 0 rg BT 385.34 228.90 Td (into ) Tj ET Q q 0 0 0 rg BT 400.39 228.90 Td (consideration ) Tj ET Q q 0 0 0 rg BT 449.22 228.90 Td (the ) Tj ET Q q 0 0 0 rg BT 462.55 228.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 481.50 228.90 Td (on ) Tj ET Q q 0 0 0 rg BT 492.65 228.90 Td (hand ) Tj ET Q q 0 0 0 rg BT 512.47 228.90 Td (to ) Tj ET Q q 0 0 0 rg BT 521.46 228.90 Td (decrease ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 217.50 Td (debt. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 200.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 200.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 200.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 200.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 150.84 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.51 200.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 191.13 200.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 218.83 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.00 200.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.26 200.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 245.26 200.10 Td (three ) Tj ET Q q 0 0 0 rg BT 265.18 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.35 200.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 297.24 200.10 Td (months ) Tj ET Q q 0 0 0 rg BT 324.96 200.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 348.79 200.10 Td (September ) Tj ET Q q 0 0 0 rg BT 389.06 200.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 402.06 200.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.39 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.56 200.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 436.72 200.10 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.05 200.10 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 183.60000000000002 m 266 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 183.60000000000002 m 338 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 183.60000000000002 m 410 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 183.60000000000002 m 482 183.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 183.60000000000002 m 554 183.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 155.60000000000002 m 266 155.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 155.60000000000002 m 338 155.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 155.60000000000002 m 410 155.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 155.60000000000002 m 482 155.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 155.60000000000002 m 554 155.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 127.60000000000002 m 338 127.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 127.60000000000002 m 266 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 113.60000000000002 m 266 113.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 127.60000000000002 m 338 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 113.60000000000002 m 338 113.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 127.60000000000002 m 410 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 113.60000000000002 m 410 113.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 127.60000000000002 m 482 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 113.60000000000002 m 482 113.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 127.60000000000002 m 554 127.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 113.60000000000002 m 554 113.60000000000002 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 174.18 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 174.18 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 160.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 160.13 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 160.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 160.13 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 146.13 Td (Debt, net) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 146.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.70 146.13 Td (603,671) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 146.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 146.13 Td (498,573) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 146.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.70 146.13 Td (603,671) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 146.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 146.13 Td (498,573) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 132.13 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 112.69 132.13 Td ( ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 114.86 134.56 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 132.18 Td (61,296) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 132.13 Td (52,816) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 132.13 Td (55,843) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 132.13 Td (36,591) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 118.13 Td (Net debt to Adjusted EBITDA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.30 118.13 Td (9.8x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.75 118.13 Td (9.4x) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.00 118.13 Td (10.8x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 118.13 Td (13.6x) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 105.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.39 105.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 105.91 105.10 Td ( for three and nine months is based on three and nine months adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 322.36 105.10 Td ( annualized.) 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 49.50 724.70 Td (Interest coverage ratio) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 707.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.51 707.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 91.65 707.30 Td (coverage ) Tj ET Q q 0 0 0 rg BT 125.28 707.30 Td (ratio ) Tj ET Q q 0 0 0 rg BT 142.03 707.30 Td (is ) Tj ET Q q 0 0 0 rg BT 149.24 707.30 Td (useful ) Tj ET Q q 0 0 0 rg BT 171.62 707.30 Td (in ) Tj ET Q q 0 0 0 rg BT 179.27 707.30 Td (determining ) Tj ET Q q 0 0 0 rg BT 221.56 707.30 Td (the ) Tj ET Q q 0 0 0 rg BT 233.98 707.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 258.70 707.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 280.21 707.30 Td (to ) Tj ET Q q 0 0 0 rg BT 288.29 707.30 Td (service ) Tj ET Q q 0 0 0 rg BT 314.56 707.30 Td (the ) Tj ET Q q 0 0 0 rg BT 326.98 707.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 354.11 707.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 401.17 707.30 Td (of ) Tj ET Q q 0 0 0 rg BT 409.25 707.30 Td (its ) Tj ET Q q 0 0 0 rg BT 418.63 707.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 460.51 707.30 Td (debt. ) Tj ET Q q 0 0 0 rg BT 479.32 707.30 Td (The ) Tj ET Q q 0 0 0 rg BT 494.34 707.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 521.47 707.30 Td (coverage ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 695.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 66.81 695.90 Td (is ) Tj ET Q q 0 0 0 rg BT 74.59 695.90 Td (calculated ) Tj ET Q q 0 0 0 rg BT 111.82 695.90 Td (by ) Tj ET Q q 0 0 0 rg BT 122.21 695.90 Td (dividing ) Tj ET Q q 0 0 0 rg BT 150.78 695.90 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 182.39 695.90 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 210.09 695.90 Td ( ) Tj ET Q q 0 0 0 rg BT 212.25 695.90 Td (by ) Tj ET Q q 0 0 0 rg BT 222.63 695.90 Td (the ) Tj ET Q q 0 0 0 rg BT 235.61 695.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 260.90 695.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 288.60 695.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 328.00 695.90 Td (for ) Tj ET Q q 0 0 0 rg BT 339.25 695.90 Td (the ) Tj ET Q q 0 0 0 rg BT 352.23 695.90 Td (period. ) Tj ET Q q 0 0 0 rg BT 378.21 695.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 425.83 695.90 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 451.80 695.90 Td (this ) Tj ET Q q 0 0 0 rg BT 466.08 695.90 Td (ratio ) Tj ET Q q 0 0 0 rg BT 483.39 695.90 Td (to ) Tj ET Q q 0 0 0 rg BT 492.04 695.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 524.50 695.90 Td (and ) Tj ET Q q 0 0 0 rg BT 539.65 695.90 Td (limit ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 684.50 Td (leverage.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 667.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 667.10 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 667.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 667.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 667.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 150.84 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.51 667.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 191.13 667.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 218.83 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.00 667.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.26 667.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 245.26 667.10 Td (three ) Tj ET Q q 0 0 0 rg BT 265.18 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.35 667.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 297.24 667.10 Td (months ) Tj ET Q q 0 0 0 rg BT 324.96 667.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 348.79 667.10 Td (September ) Tj ET Q q 0 0 0 rg BT 389.06 667.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 402.06 667.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.39 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.56 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.72 667.10 Td (2015:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 650.6 m 266 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 650.6 m 338 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 650.6 m 410 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 650.6 m 482 650.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 650.6 m 554 650.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 622.6 m 266 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 622.6 m 338 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 622.6 m 410 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 622.6 m 482 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 622.6 m 554 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 622.6 m 338 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 622.6 m 410 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 622.6 m 482 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 622.6 m 554 622.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 594.6 m 266 594.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 594.6 m 338 594.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 594.6 m 410 594.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 594.6 m 482 594.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 594.6 m 554 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 580.6 m 266 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 580.6 m 338 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 580.6 m 410 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 580.6 m 482 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 580.6 m 554 580.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 641.18 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 641.18 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 627.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 627.13 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 627.13 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 627.13 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 613.18 Td (Adjusted EBITDA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 613.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 613.18 Td (15,324) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 613.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 613.13 Td (13,204) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 613.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 613.13 Td (41,882) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 613.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 613.13 Td (27,443) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 599.18 Td (Interest expense) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 599.13 Td (4,781) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 599.13 Td (4,399) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 599.13 Td (12,950) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 599.13 Td (9,968) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 585.18 Td (Interest coverage ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.30 585.13 Td (3.2x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.75 585.13 Td (3.0x) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.30 585.13 Td (3.2x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.75 585.13 Td (2.8x) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 563.70 Td (Debt service coverage ratio) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 546.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.77 546.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 81.78 546.30 Td (service ) Tj ET Q q 0 0 0 rg BT 108.31 546.30 Td (coverage ) Tj ET Q q 0 0 0 rg BT 142.20 546.30 Td (ratio ) Tj ET Q q 0 0 0 rg BT 159.21 546.30 Td (is ) Tj ET Q q 0 0 0 rg BT 166.68 546.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 207.50 546.30 Td (as ) Tj ET Q q 0 0 0 rg BT 217.58 546.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 248.88 546.30 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 276.59 546.30 Td ( ) Tj ET Q q 0 0 0 rg BT 278.44 546.30 Td (divided ) Tj ET Q q 0 0 0 rg BT 304.97 546.30 Td (by ) Tj ET Q q 0 0 0 rg BT 315.05 546.30 Td (the ) Tj ET Q q 0 0 0 rg BT 327.73 546.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 344.74 546.30 Td (service ) Tj ET Q q 0 0 0 rg BT 371.26 546.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 418.57 546.30 Td (for ) Tj ET Q q 0 0 0 rg BT 429.51 546.30 Td (the ) Tj ET Q q 0 0 0 rg BT 442.19 546.30 Td (period, ) Tj ET Q q 0 0 0 rg BT 467.86 546.30 Td (whereby ) Tj ET Q q 0 0 0 rg BT 499.15 546.30 Td (the ) Tj ET Q q 0 0 0 rg BT 511.83 546.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 528.84 546.30 Td (service ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 534.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 97.85 534.90 Td (reflects ) Tj ET Q q 0 0 0 rg BT 125.86 534.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 157.76 534.90 Td (repayments ) Tj ET Q q 0 0 0 rg BT 201.35 534.90 Td (and ) Tj ET Q q 0 0 0 rg BT 217.24 534.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 245.68 534.90 Td (expensed ) Tj ET Q q 0 0 0 rg BT 282.36 534.90 Td (during ) Tj ET Q q 0 0 0 rg BT 306.90 534.90 Td (the ) Tj ET Q q 0 0 0 rg BT 320.62 534.90 Td (period. ) Tj ET Q q 0 0 0 rg BT 347.33 534.90 Td (Payments ) Tj ET Q q 0 0 0 rg BT 384.86 534.90 Td (related ) Tj ET Q q 0 0 0 rg BT 411.57 534.90 Td (to ) Tj ET Q q 0 0 0 rg BT 420.96 534.90 Td (defeasance, ) Tj ET Q q 0 0 0 rg BT 466.30 534.90 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 510.33 534.90 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 546.57 534.90 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 523.50 Td (payments ) Tj ET Q q 0 0 0 rg BT 85.43 523.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 104.91 523.50 Td (discharge ) Tj ET Q q 0 0 0 rg BT 140.83 523.50 Td (of ) Tj ET Q q 0 0 0 rg BT 149.48 523.50 Td (a ) Tj ET Q q 0 0 0 rg BT 155.96 523.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 191.02 523.50 Td (are ) Tj ET Q q 0 0 0 rg BT 204.43 523.50 Td (excluded ) Tj ET Q q 0 0 0 rg BT 237.76 523.50 Td (from ) Tj ET Q q 0 0 0 rg BT 255.49 523.50 Td (the ) Tj ET Q q 0 0 0 rg BT 268.47 523.50 Td (calculation. ) Tj ET Q q 0 0 0 rg BT 309.47 523.50 Td (The ) Tj ET Q q 0 0 0 rg BT 325.04 523.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 342.35 523.50 Td (service ) Tj ET Q q 0 0 0 rg BT 369.18 523.50 Td (coverage ) Tj ET Q q 0 0 0 rg BT 403.38 523.50 Td (ratio ) Tj ET Q q 0 0 0 rg BT 420.68 523.50 Td (is ) Tj ET Q q 0 0 0 rg BT 428.46 523.50 Td (a ) Tj ET Q q 0 0 0 rg BT 434.94 523.50 Td (useful ) Tj ET Q q 0 0 0 rg BT 457.88 523.50 Td (measure ) Tj ET Q q 0 0 0 rg BT 490.34 523.50 Td (and ) Tj ET Q q 0 0 0 rg BT 505.48 523.50 Td (is ) Tj ET Q q 0 0 0 rg BT 513.26 523.50 Td (used ) Tj ET Q q 0 0 0 rg BT 532.30 523.50 Td (by ) Tj ET Q q 0 0 0 rg BT 542.68 523.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 74.80 512.10 Td (management ) Tj ET Q q 0 0 0 rg BT 122.44 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.11 512.10 Td (monitors ) Tj ET Q q 0 0 0 rg BT 163.15 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.14 512.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 195.48 512.10 Td (s ) Tj ET Q q 0 0 0 rg BT 201.55 512.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 223.63 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.30 512.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 251.79 512.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 277.34 512.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 305.06 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.23 512.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 351.40 512.10 Td (payments.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 494.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 494.70 Td (following ) Tj ET Q q 0 0 0 rg BT 97.57 494.70 Td (is ) Tj ET Q q 0 0 0 rg BT 105.36 494.70 Td (a ) Tj ET Q q 0 0 0 rg BT 111.86 494.70 Td (calculation ) Tj ET Q q 0 0 0 rg BT 150.84 494.70 Td (of ) Tj ET Q q 0 0 0 rg BT 159.51 494.70 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 191.13 494.70 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 218.83 494.70 Td ( ) Tj ET Q q 0 0 0 rg BT 221.00 494.70 Td (for ) Tj ET Q q 0 0 0 rg BT 232.26 494.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 245.26 494.70 Td (three ) Tj ET Q q 0 0 0 rg BT 265.18 494.70 Td (and ) Tj ET Q q 0 0 0 rg BT 280.35 494.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 297.24 494.70 Td (months ) Tj ET Q q 0 0 0 rg BT 324.96 494.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 348.79 494.70 Td (September ) Tj ET Q q 0 0 0 rg BT 389.06 494.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 402.06 494.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.39 494.70 Td ( ) Tj ET Q q 0 0 0 rg BT 421.56 494.70 Td (and ) Tj ET Q q 0 0 0 rg BT 436.72 494.70 Td (2015:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 478.2 m 266 478.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 478.2 m 338 478.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 478.2 m 410 478.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 478.2 m 482 478.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 478.2 m 554 478.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 450.2 m 266 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 450.2 m 338 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 450.2 m 410 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 450.2 m 482 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 450.2 m 554 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 408.2 m 266 408.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 408.2 m 338 408.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 408.2 m 410 408.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 408.2 m 482 408.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 408.2 m 554 408.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 394.2 m 266 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 380.2 m 266 380.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266 394.2 m 338 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 380.2 m 338 380.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338 394.2 m 410 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 380.2 m 410 380.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 410 394.2 m 482 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 380.2 m 482 380.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 482 394.2 m 554 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 380.2 m 554 380.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.30 468.78 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 468.73 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.15 454.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.15 454.73 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.15 454.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 454.73 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 440.78 Td (Adjusted EBITDA) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 440.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.05 440.78 Td (15,324) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 440.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.05 440.73 Td (13,204) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 440.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 440.73 Td (41,882) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 440.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 440.73 Td (27,443) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 426.78 Td (Interest expense) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 426.73 Td (4,781) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 426.73 Td (4,399) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 426.73 Td (12,950) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 426.73 Td (9,968) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 412.78 Td (Principal repayments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 412.73 Td (1,077) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 412.73 Td (1,018) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.40 412.73 Td (2,745) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 412.73 Td (3,091) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 398.78 Td (Debt service requirements) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 268.50 398.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.40 398.73 Td (5,858) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.50 398.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 398.73 Td (5,417) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.50 398.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.05 398.73 Td (15,695) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 484.50 398.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 398.73 Td (13,059) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 384.78 Td (Debt service coverage ratio) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.30 384.73 Td (2.6x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.75 384.73 Td (2.4x) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.30 384.73 Td (2.7x) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.75 384.73 Td (2.1x) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 363.30 Td (DEBT ) Tj ET Q q 0 0 0 rg BT 72.87 363.30 Td (REP) Tj ET Q q 0 0 0 rg BT 88.31 363.30 Td (A) Tj ET Q q 0 0 0 rg BT 93.22 363.30 Td (YMENT ) Tj ET Q q 0 0 0 rg BT 122.64 363.30 Td (SCHEDULE ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 345.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.21 345.90 Td (following ) Tj ET Q q 0 0 0 rg BT 97.80 345.90 Td (table ) Tj ET Q q 0 0 0 rg BT 116.97 345.90 Td (outlines ) Tj ET Q q 0 0 0 rg BT 146.11 345.90 Td (the ) Tj ET Q q 0 0 0 rg BT 159.22 345.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 178.56 345.90 Td (s ) Tj ET Q q 0 0 0 rg BT 184.73 345.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 210.41 345.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 241.70 345.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 277.76 345.90 Td (and ) Tj ET Q q 0 0 0 rg BT 293.04 345.90 Td (maturity ) Tj ET Q q 0 0 0 rg BT 323.03 345.90 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 358.66 345.90 Td (together ) Tj ET Q q 0 0 0 rg BT 389.53 345.90 Td (with ) Tj ET Q q 0 0 0 rg BT 405.66 345.90 Td (the ) Tj ET Q q 0 0 0 rg BT 418.77 345.90 Td (weighted ) Tj ET Q q 0 0 0 rg BT 452.24 345.90 Td (average ) Tj ET Q q 0 0 0 rg BT 482.67 345.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 508.34 345.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 536.18 345.90 Td (rates ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 334.50 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.17 334.50 Td (September30, ) Tj ET Q q 0 0 0 rg BT 111.44 334.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 128.77 334.50 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 324 m 179 324 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 275 m 179 275 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 324 m 254 324 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 179 275 m 254 275 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 324 m 329 324 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254 275 m 329 275 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 324 m 404 324 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329 275 m 404 275 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 324 m 479 324 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404 275 m 479 275 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 324 m 554 324 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 275 m 554 275 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 479 275 m 554 275 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 197 m 179 197 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 197 m 254 197 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 197 m 329 197 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 197 m 404 197 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 197 m 479 197 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 197 m 554 197 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 189.00 289.03 Td (Annual Principal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 213.65 279.53 Td (Payments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.55 298.53 Td (Principal ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.45 289.03 Td (Repayments on ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 286.85 279.53 Td (Maturity ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 319.31 281.96 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 382.45 279.53 Td (Total) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 419.20 279.53 Td (Percentage \(%\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 483.20 313.73 Td (Weighted Average) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 507.20 302.33 Td (Contractual) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 491.60 290.93 Td (Interest Rate on) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 483.85 279.53 Td (Maturing Debt \(%\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 265.58 Td (Remainder of 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 181.50 265.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.35 265.58 Td (1,145) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 256.50 265.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.10 265.63 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 265.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 265.58 Td (1,145) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.70 265.58 Td (0.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 265.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.75 265.58 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 265.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 252.58 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.35 252.58 Td (4,771) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.70 252.58 Td (138,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 252.58 Td (142,771) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.35 252.58 Td (23.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 252.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 252.58 Td (3.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 252.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 239.58 Td (2018) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.35 239.58 Td (4,900) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.70 239.58 Td (183,284) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 239.58 Td (188,184) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.35 239.58 Td (31.1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 239.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 239.58 Td (2.9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 239.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 226.58 Td (2019) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.35 226.58 Td (5,082) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 302.05 226.63 Td (10,376) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 226.58 Td (15,458) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.70 226.58 Td (2.6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 226.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 226.58 Td (4.4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 226.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 213.58 Td (2020) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.35 213.58 Td (4,905) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.10 213.63 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 381.40 213.58 Td (4,905) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 460.70 213.58 Td (0.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 213.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.75 213.58 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 213.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 200.58 Td (Thereafter) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 181.50 200.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 227.05 200.58 Td (28,715) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 256.50 200.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.70 200.58 Td (223,469) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.50 200.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 372.70 200.58 Td (252,184) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 456.35 200.58 Td (41.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 471.55 200.58 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 535.70 200.58 Td (3.5) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 200.58 Td (%) Tj ET Q BT /F3 11.00 Tf ET BT /F3 7.50 Tf ET 1 1 1 rg /GS0 gs 49.50 193.96 14.00 -7.04 re f /GS0 gs q 0 0 0 rg BT 49.50 188.50 Td (\(1\) ) Tj ET Q BT /F3 7.50 Tf ET 1 1 1 rg /GS0 gs 63.50 193.96 123.77 -7.04 re f /GS0 gs q 0 0 0 rg BT 63.50 188.50 Td (Includes ) Tj ET Q q 0 0 0 rg BT 88.12 188.50 Td (payments ) Tj ET Q q 0 0 0 rg BT 116.50 188.50 Td (under ) Tj ET Q q 0 0 0 rg BT 133.94 188.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 155.82 188.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 168.13 188.50 Td (swaps.) 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 50.00 724.70 Td (CONTRACTUAL) Tj ET Q q 0 0 0 rg BT 109.56 724.70 Td ( OBLIGA) Tj ET Q q 0 0 0 rg BT 141.45 724.70 Td (TIONS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 707.30 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 364.60 707.30 Td (September30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.21 707.30 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 696.8 m 233.5 696.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 663.8 m 233.5 663.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 696.8 m 297.5 696.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 233.5 663.8 m 297.5 663.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 696.8 m 361.5 696.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 297.5 663.8 m 361.5 663.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 696.8 m 425.5 696.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 663.8 m 425.5 663.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 696.8 m 489.5 696.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 425.5 663.8 m 489.5 663.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 696.8 m 553.5 696.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 663.8 m 553.5 663.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 579.8 m 233.5 579.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 233.5 579.8 m 297.5 579.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 297.5 579.8 m 361.5 579.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 579.8 m 425.5 579.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 425.5 579.8 m 489.5 579.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489.5 579.8 m 553.5 579.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 565.8 m 233.5 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 565.8 m 297.5 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 565.8 m 361.5 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 565.8 m 425.5 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 565.8 m 489.5 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 565.8 m 553.5 565.8 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 275.95 687.33 Td (Total) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 252.00 677.83 Td (contractual) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.45 668.33 Td (cash flow) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.20 677.83 Td (Remainder of) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 340.65 668.33 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 378.55 668.33 Td (2017-2018) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 415.80 670.76 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.70 668.33 Td (2019-2020) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 511.90 668.33 Td (Thereafter) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 654.33 Td (Accounts payable and other liabilities) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 236.00 654.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 270.55 654.38 Td (22,732) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 300.00 654.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 334.55 654.38 Td (22,732) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 364.00 654.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 414.60 654.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.00 654.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 478.60 654.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 492.00 654.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 542.60 654.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 640.33 Td (Amortizing principal repayments on debt) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 270.55 640.38 Td (49,518) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 338.90 640.33 Td (1,145) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.90 640.33 Td (9,671) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 466.90 640.33 Td (9,987) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.55 640.33 Td (28,715) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 626.33 Td (Principal repayments on maturity of debt) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 266.20 626.33 Td (555,129) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.60 626.38 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.20 626.33 Td (321,284) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.55 626.33 Td (10,376) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.20 626.33 Td (223,469) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 612.33 Td (Interest on debt) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 107.15 614.76 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 270.55 612.38 Td (68,640) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 338.90 612.33 Td (4,869) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 398.55 612.33 Td (29,239) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.55 612.33 Td (18,644) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.55 612.33 Td (15,888) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 598.33 Td (Interest rate swaps) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 118.82 600.76 Td (\(2\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 274.90 598.38 Td (4,156) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.40 598.33 Td (161) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 402.90 598.33 Td (1,294) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 466.90 598.33 Td (1,202) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.90 598.33 Td (1,499) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 584.33 Td (Security deposits) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 274.90 584.38 Td (5,116) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 338.90 584.33 Td (1,162) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 409.40 584.33 Td (848) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 466.90 584.33 Td (1,092) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.90 584.33 Td (2,014) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 570.33 Td (Total) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 236.00 570.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 266.20 570.33 Td (705,291) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 300.00 570.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.55 570.38 Td (30,069) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 364.00 570.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 394.20 570.33 Td (362,336) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 428.00 570.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.55 570.33 Td (41,301) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 492.00 570.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 522.20 570.33 Td (271,585) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 50.00 557.30 Td (\(1\) Interest amounts on floating debt have been determined using floating rates at ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 273.64 557.30 Td (September30, 2016) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 329.38 557.30 Td (. ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 50.00 548.30 Td (\(2\) Interest rate swap obligations have been calculated as the dif) Tj ET Q q 0 0 0 rg BT 225.65 548.30 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 418.85 548.30 Td (September30, 2016) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 474.59 548.30 Td ( floating rate. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 519.50 Td (DERIV) Tj ET Q q 0 0 0 rg BT 73.23 519.50 Td (A) Tj ET Q q 0 0 0 rg BT 78.28 519.50 Td (TIVES) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 78.15 502.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 93.74 502.10 Td (swaps) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 484.70 Td (As ) Tj ET Q q 0 0 0 rg BT 61.23 484.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 69.86 484.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 123.10 484.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 140.43 484.70 Td (, ) Tj ET Q q 0 0 0 rg BT 144.73 484.70 Td (the ) Tj ET Q q 0 0 0 rg BT 157.70 484.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 175.31 484.70 Td ( ) Tj ET Q q 0 0 0 rg BT 177.44 484.70 Td (has ) Tj ET Q q 0 0 0 rg BT 192.14 484.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 219.82 484.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 235.38 484.70 Td (swaps ) Tj ET Q q 0 0 0 rg BT 259.60 484.70 Td (that ) Tj ET Q q 0 0 0 rg BT 274.73 484.70 Td (entitle ) Tj ET Q q 0 0 0 rg BT 297.66 484.70 Td (the ) Tj ET Q q 0 0 0 rg BT 310.62 484.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 328.23 484.70 Td ( ) Tj ET Q q 0 0 0 rg BT 330.37 484.70 Td (to ) Tj ET Q q 0 0 0 rg BT 339.00 484.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 366.25 484.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 393.94 484.70 Td (at ) Tj ET Q q 0 0 0 rg BT 402.57 484.70 Td (floating ) Tj ET Q q 0 0 0 rg BT 429.83 484.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 449.28 484.70 Td (and ) Tj ET Q q 0 0 0 rg BT 464.42 484.70 Td (pay ) Tj ET Q q 0 0 0 rg BT 479.11 484.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 506.80 484.70 Td (at ) Tj ET Q q 0 0 0 rg BT 515.43 484.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 534.03 484.70 Td (rates. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 473.30 Td (Interest ) Tj ET Q q 0 0 0 rg BT 78.39 473.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 94.22 473.30 Td (swaps ) Tj ET Q q 0 0 0 rg BT 118.70 473.30 Td (are ) Tj ET Q q 0 0 0 rg BT 132.36 473.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 169.41 473.30 Td (at ) Tj ET Q q 0 0 0 rg BT 178.31 473.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 191.54 473.30 Td (value ) Tj ET Q q 0 0 0 rg BT 212.56 473.30 Td (with ) Tj ET Q q 0 0 0 rg BT 228.82 473.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 242.05 473.30 Td (values ) Tj ET Q q 0 0 0 rg BT 266.97 473.30 Td (calculated ) Tj ET Q q 0 0 0 rg BT 304.46 473.30 Td (as ) Tj ET Q q 0 0 0 rg BT 315.09 473.30 Td (the ) Tj ET Q q 0 0 0 rg BT 328.32 473.30 Td (present ) Tj ET Q q 0 0 0 rg BT 356.71 473.30 Td (value ) Tj ET Q q 0 0 0 rg BT 377.74 473.30 Td (of ) Tj ET Q q 0 0 0 rg BT 386.64 473.30 Td (contractual ) Tj ET Q q 0 0 0 rg BT 427.16 473.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 446.02 473.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 466.17 473.30 Td (based ) Tj ET Q q 0 0 0 rg BT 489.80 473.30 Td (on ) Tj ET Q q 0 0 0 rg BT 500.87 473.30 Td (current ) Tj ET Q q 0 0 0 rg BT 527.52 473.30 Td (forward ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 461.90 Td (curves. ) Tj ET Q q 0 0 0 rg BT 77.28 461.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 444.50 Td (On ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 62.56 444.50 Td (September30, ) Tj ET Q q 0 0 0 rg BT 115.83 444.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 133.16 444.50 Td ( ) Tj ET Q q 0 0 0 rg BT 135.33 444.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 150.49 444.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 201.59 444.50 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.92 444.50 Td ( ) Tj ET Q q 0 0 0 rg BT 221.09 444.50 Td (the ) Tj ET Q q 0 0 0 rg BT 234.09 444.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 251.69 444.50 Td ( ) Tj ET Q q 0 0 0 rg BT 253.86 444.50 Td (had ) Tj ET Q q 0 0 0 rg BT 269.02 444.50 Td (the ) Tj ET Q q 0 0 0 rg BT 282.02 444.50 Td (following ) Tj ET Q q 0 0 0 rg BT 314.50 444.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 342.22 444.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 357.81 444.50 Td (swap ) Tj ET Q q 0 0 0 rg BT 378.16 444.50 Td (agreements:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 428 m 153.5 428 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153.5 428 m 233.5 428 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 428 m 313.5 428 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 233.5 414 m 313.5 414 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 428 m 393.5 428 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 414 m 393.5 414 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 428 m 473.5 428 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 414 m 473.5 414 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 428 m 553.5 428 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 414 m 553.5 414 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 400 m 153.5 400 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153.5 400 m 233.5 400 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 233.5 400 m 313.5 400 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 400 m 393.5 400 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 400 m 473.5 400 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 400 m 553.5 400 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 370 m 153.5 370 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153.5 370 m 233.5 370 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 370 m 153.5 370 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 355 m 153.5 355 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 153.5 370 m 233.5 370 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153.5 355 m 233.5 355 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 233.5 370 m 313.5 370 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 355 m 313.5 355 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 313.5 370 m 393.5 370 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 355 m 393.5 355 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 370 m 473.5 370 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 355 m 473.5 355 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 370 m 553.5 370 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 355 m 553.5 355 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.25 418.53 Td (Notional amount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.75 418.53 Td (Fair value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 404.53 Td (Maturity date) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 159.40 404.53 Td (Fixed interest rate) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 237.20 404.53 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 321.55 404.53 Td (December 31, 2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.20 404.53 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.55 404.53 Td (December 31, 2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 389.53 Td (Aug. 14, 2023) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 210.85 389.53 Td (4.60) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 226.05 389.53 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 236.00 389.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 286.55 389.58 Td (21,373) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.00 389.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 366.55 389.53 Td (21,790) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.00 389.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.90 389.53 Td (2,561) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.00 389.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.90 389.53 Td (2,163) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 374.53 Td (May 1, 2023) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 210.85 374.53 Td (3.68) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 226.05 374.53 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 286.55 374.58 Td (22,837) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 366.55 374.53 Td (23,347) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.90 374.53 Td (1,467) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.40 374.53 Td (990) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.00 359.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.90 359.53 Td (4,028) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.00 359.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.90 359.53 Td (3,153) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.50 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (Interest rate caps) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 320.70 Td (The REIT) Tj ET Q q 0 0 0 rg BT 83.20 320.70 Td ( entered into an interest rate cap with a $125.0 million notional amount, a strike price of 1.90% based on one month bankers ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 309.30 Td (acceptances, and has a maturity of July 2018. ) Tj ET Q q 0 0 0 rg BT 210.56 309.30 Td (The cost to the REIT) Tj ET Q q 0 0 0 rg BT 281.88 309.30 Td ( was $0.05 million.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 291.90 Td (The following is a reconciliation of the change in the balance of the interest rate swap and interest rate cap liability during the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.96 291.90 Td (nine months ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 280.50 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 120.60 280.50 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 264 m 392.75 264 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.75 249 m 392.75 249 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.75 264 m 472.75 264 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 249 m 472.75 249 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.75 264 m 552.75 264 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.75 249 m 552.75 249 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 249 m 472.75 249 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.75 249 m 552.75 249 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 49.75 189 m 392.75 189 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.75 174 m 392.75 174 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 392.75 189 m 472.75 189 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.75 174 m 472.75 174 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.75 189 m 552.75 189 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.75 174 m 552.75 174 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.45 253.53 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 480.80 253.53 Td (December 31, 2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 238.53 Td (Balance, beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.25 238.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.15 238.53 Td (3,153) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.25 238.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.15 238.53 Td (2,239) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 223.53 Td (Premiums paid) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.35 223.53 Td (\(52) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 469.65 223.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 541.85 223.53 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 208.53 Td (Extinguishment) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.85 208.53 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.05 208.53 Td (\(651) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 549.65 208.53 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 193.53 Td (Fair value changes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.65 193.53 Td (915) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.15 193.53 Td (1,565) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.25 178.53 Td (Balance, end of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.25 178.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.15 178.53 Td (4,016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.25 178.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 530.15 178.53 Td (3,153) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 83.39 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.67 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.71 157.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 117.75 157.10 Td (value ) Tj ET Q q 0 0 0 rg BT 138.58 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.29 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.34 157.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.10 157.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 203.74 157.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 228.03 157.10 Td (is ) Tj ET Q q 0 0 0 rg BT 235.87 157.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 274.91 157.10 Td (on ) Tj ET Q q 0 0 0 rg BT 285.78 157.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 317.45 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.73 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.77 157.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 376.93 157.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 397.32 157.10 Td (curve ) Tj ET Q q 0 0 0 rg BT 418.58 157.10 Td (which ) Tj ET Q q 0 0 0 rg BT 440.71 157.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 469.77 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.81 157.10 Td (future ) Tj ET Q q 0 0 0 rg BT 504.95 157.10 Td (expectation ) Tj ET Q q 0 0 0 rg BT 547.01 157.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 145.70 Td (net ) Tj ET Q q 0 0 0 rg BT 63.00 145.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 98.94 145.70 Td (to ) Tj ET Q q 0 0 0 rg BT 107.61 145.70 Td (be ) Tj ET Q q 0 0 0 rg BT 118.44 145.70 Td (made ) Tj ET Q q 0 0 0 rg BT 140.09 145.70 Td (by ) Tj ET Q q 0 0 0 rg BT 150.49 145.70 Td (the ) Tj ET Q q 0 0 0 rg BT 163.49 145.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 181.10 145.70 Td ( ) Tj ET Q q 0 0 0 rg BT 183.26 145.70 Td (over ) Tj ET Q q 0 0 0 rg BT 200.58 145.70 Td (the ) Tj ET Q q 0 0 0 rg BT 213.58 145.70 Td (term ) Tj ET Q q 0 0 0 rg BT 231.33 145.70 Td (to ) Tj ET Q q 0 0 0 rg BT 240.00 145.70 Td (maturity) Tj ET Q q 0 0 0 rg BT 267.13 145.70 Td (. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 128.30 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 91.33 128.30 Td ( ) Tj ET Q q 0 0 0 rg BT 93.49 128.30 Td (CONDITION) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 110.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.01 110.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.35 110.90 Td (s ) Tj ET Q q 0 0 0 rg BT 90.33 110.90 Td (primary ) Tj ET Q q 0 0 0 rg BT 118.38 110.90 Td (sources ) Tj ET Q q 0 0 0 rg BT 147.75 110.90 Td (of ) Tj ET Q q 0 0 0 rg BT 156.33 110.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 180.94 110.90 Td (are ) Tj ET Q q 0 0 0 rg BT 194.28 110.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 212.82 110.90 Td (generated ) Tj ET Q q 0 0 0 rg BT 250.00 110.90 Td (from ) Tj ET Q q 0 0 0 rg BT 267.66 110.90 Td (operating, ) Tj ET Q q 0 0 0 rg BT 304.40 110.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 337.67 110.90 Td (and ) Tj ET Q q 0 0 0 rg BT 352.75 110.90 Td (investing ) Tj ET Q q 0 0 0 rg BT 385.59 110.90 Td (activities. ) Tj ET Q q 0 0 0 rg BT 419.72 110.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 467.28 110.90 Td (expects ) Tj ET Q q 0 0 0 rg BT 496.22 110.90 Td (to ) Tj ET Q q 0 0 0 rg BT 504.80 110.90 Td (meet ) Tj ET Q q 0 0 0 rg BT 524.21 110.90 Td (all ) Tj ET Q q 0 0 0 rg BT 534.09 110.90 Td (of ) Tj ET Q q 0 0 0 rg BT 542.67 110.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 99.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 68.84 99.50 Td (s ) Tj ET Q q 0 0 0 rg BT 75.47 99.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 115.46 99.50 Td (through ) Tj ET Q q 0 0 0 rg BT 144.61 99.50 Td (current ) Tj ET Q q 0 0 0 rg BT 171.60 99.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.79 99.50 Td (and ) Tj ET Q q 0 0 0 rg BT 206.52 99.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.72 99.50 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 270.04 99.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 289.23 99.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 309.71 99.50 Td (from ) Tj ET Q q 0 0 0 rg BT 328.03 99.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 369.32 99.50 Td (the ) Tj ET Q q 0 0 0 rg BT 382.88 99.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 408.75 99.50 Td (revolving ) Tj ET Q q 0 0 0 rg BT 442.67 99.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 464.45 99.50 Td (facility) Tj ET Q q 0 0 0 rg BT 485.53 99.50 Td (, ) Tj ET Q q 0 0 0 rg BT 490.44 99.50 Td (and ) Tj ET Q q 0 0 0 rg BT 506.17 99.50 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 547.02 99.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 88.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 88.48 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.64 88.10 Td (equity) Tj ET Q q 0 0 0 rg BT 123.86 88.10 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 /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 65.92 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 99.22 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 119.11 742.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 151.55 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 163.20 742.10 Td (overview ) Tj ET Q q 0 0 0 rg BT 196.93 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.42 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.25 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 239.59 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 246.48 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 265.93 742.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 286.67 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 305.24 742.10 Td (operating, ) Tj ET Q q 0 0 0 rg BT 342.89 742.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 377.07 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.06 742.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 426.80 742.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 459.67 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 471.76 742.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 485.58 742.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 503.30 742.10 Td (months ) Tj ET Q q 0 0 0 rg BT 531.84 742.10 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 730.70 Td (September ) Tj ET Q q 0 0 0 rg BT 89.77 730.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 102.77 730.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 120.10 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 122.27 730.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 137.43 730.70 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 154.76 730.70 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 720.2 m 394 720.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 720.2 m 474 720.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 720.2 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 50 692.2 m 394 692.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 692.2 m 474 692.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 692.2 m 554 692.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 636.2 m 394 636.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 622.2 m 394 622.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 636.2 m 474 636.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 622.2 m 474 622.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 636.2 m 554 636.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 622.2 m 554 622.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 710.73 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.15 696.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 696.73 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 682.78 Td (Net change in cash related to:) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 668.78 Td (Operating) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.50 668.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.05 668.73 Td (21,345) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.50 668.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 668.73 Td (19,585) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 654.78 Td (Investing) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.10 654.73 Td (\(102,728) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 470.90 654.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 520.10 654.73 Td (\(292,595) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 550.90 654.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 640.78 Td (Financing) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.05 640.73 Td (75,439) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 522.70 640.73 Td (275,888) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 626.78 Td (\(Decrease\) increase in cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.50 626.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.80 626.73 Td (\(5,944) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 470.90 626.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.50 626.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 626.73 Td (2,878) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 605.30 Td (The ) Tj ET Q q 0 0 0 rg BT 65.09 605.30 Td (change ) Tj ET Q q 0 0 0 rg BT 92.82 605.30 Td (in ) Tj ET Q q 0 0 0 rg BT 101.05 605.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.67 605.30 Td (for ) Tj ET Q q 0 0 0 rg BT 130.93 605.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 143.93 605.30 Td (nine ) Tj ET Q q 0 0 0 rg BT 160.82 605.30 Td (months ) Tj ET Q q 0 0 0 rg BT 188.54 605.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 212.37 605.30 Td (September ) Tj ET Q q 0 0 0 rg BT 252.64 605.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 265.64 605.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 282.97 605.30 Td ( ) Tj ET Q q 0 0 0 rg BT 285.14 605.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 300.30 605.30 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.63 605.30 Td ( ) Tj ET Q q 0 0 0 rg BT 319.80 605.30 Td (was ) Tj ET Q q 0 0 0 rg BT 335.81 605.30 Td (the ) Tj ET Q q 0 0 0 rg BT 348.81 605.30 Td (result ) Tj ET Q q 0 0 0 rg BT 370.03 605.30 Td (of ) Tj ET Q q 0 0 0 rg BT 378.70 605.30 Td (the ) Tj ET Q q 0 0 0 rg BT 391.69 605.30 Td (following ) Tj ET Q q 0 0 0 rg BT 424.17 605.30 Td (factors: ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 587.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 587.90 Td (Operating ) Tj ET Q q 0 0 0 rg BT 99.62 587.90 Td ( ) Tj ET Q q 0 0 0 rg BT 105.85 587.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 124.21 587.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 143.86 587.90 Td (for ) Tj ET Q q 0 0 0 rg BT 154.86 587.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 167.59 587.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 184.22 587.90 Td (months ) Tj ET Q q 0 0 0 rg BT 211.67 587.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 235.24 587.90 Td (September ) Tj ET Q q 0 0 0 rg BT 275.25 587.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 287.98 587.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.31 587.90 Td ( ) Tj ET Q q 0 0 0 rg BT 307.21 587.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 342.89 587.90 Td (when ) Tj ET Q q 0 0 0 rg BT 363.41 587.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 399.96 587.90 Td (to ) Tj ET Q q 0 0 0 rg BT 408.36 587.90 Td (the ) Tj ET Q q 0 0 0 rg BT 421.09 587.90 Td (same ) Tj ET Q q 0 0 0 rg BT 442.04 587.90 Td (period ) Tj ET Q q 0 0 0 rg BT 465.60 587.90 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 473.56 587.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 490.90 587.90 Td (, ) Tj ET Q q 0 0 0 rg BT 494.96 587.90 Td (mainly ) Tj ET Q q 0 0 0 rg BT 519.38 587.90 Td (due ) Tj ET Q q 0 0 0 rg BT 534.28 587.90 Td (to ) Tj ET Q q 0 0 0 rg BT 542.68 587.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 576.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 94.12 576.50 Td (in ) Tj ET Q q 0 0 0 rg BT 101.35 576.50 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 134.56 576.50 Td (working ) Tj ET Q q 0 0 0 rg BT 162.57 576.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 186.25 576.50 Td (items ) Tj ET Q q 0 0 0 rg BT 206.03 576.50 Td (as ) Tj ET Q q 0 0 0 rg BT 215.43 576.50 Td (well ) Tj ET Q q 0 0 0 rg BT 230.01 576.50 Td (as ) Tj ET Q q 0 0 0 rg BT 239.40 576.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 274.34 576.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 301.06 576.50 Td (and ) Tj ET Q q 0 0 0 rg BT 315.22 576.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 341.51 576.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 360.86 576.50 Td (in ) Tj ET Q q 0 0 0 rg BT 368.09 576.50 Td (the ) Tj ET Q q 0 0 0 rg BT 380.08 576.50 Td (period. ) Tj ET Q q 0 0 0 rg BT 405.07 576.50 Td (Net ) Tj ET Q q 0 0 0 rg BT 418.36 576.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 452.01 576.50 Td (income ) Tj ET Q q 0 0 0 rg BT 478.28 576.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 513.23 576.50 Td (significantly ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 71.73 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.73 565.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 111.58 565.10 Td (when ) Tj ET Q q 0 0 0 rg BT 132.36 565.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 169.17 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.84 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.84 565.10 Td (same ) Tj ET Q q 0 0 0 rg BT 212.05 565.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 238.90 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.13 565.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 266.63 565.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 307.34 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.01 565.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 341.56 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.79 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.78 565.10 Td (portfolio. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 547.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 547.70 Td (Investing ) Tj ET Q q 0 0 0 rg BT 96.19 547.70 Td ( ) Tj ET Q q 0 0 0 rg BT 102.03 547.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.99 547.70 Td (outflows ) Tj ET Q q 0 0 0 rg BT 150.07 547.70 Td (for ) Tj ET Q q 0 0 0 rg BT 160.67 547.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 173.01 547.70 Td (nine ) Tj ET Q q 0 0 0 rg BT 189.24 547.70 Td (months ) Tj ET Q q 0 0 0 rg BT 216.29 547.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 239.46 547.70 Td (September ) Tj ET Q q 0 0 0 rg BT 279.07 547.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 291.41 547.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 308.74 547.70 Td ( ) Tj ET Q q 0 0 0 rg BT 310.24 547.70 Td (were ) Tj ET Q q 0 0 0 rg BT 328.63 547.70 Td (attributable ) Tj ET Q q 0 0 0 rg BT 368.68 547.70 Td (to ) Tj ET Q q 0 0 0 rg BT 376.68 547.70 Td (the ) Tj ET Q q 0 0 0 rg BT 389.02 547.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 427.34 547.70 Td (of ) Tj ET Q q 0 0 0 rg BT 435.34 547.70 Td (the ) Tj ET Q q 0 0 0 rg BT 447.68 547.70 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 479.93 547.70 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 506.98 547.70 Td (365 ) Tj ET Q q 0 0 0 rg BT 521.48 547.70 Td (Hargrave ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 536.30 Td (and ) Tj ET Q q 0 0 0 rg BT 78.41 536.30 Td (an ) Tj ET Q q 0 0 0 rg BT 88.99 536.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 124.25 536.30 Td (19% ) Tj ET Q q 0 0 0 rg BT 141.75 536.30 Td (interest, ) Tj ET Q q 0 0 0 rg BT 171.38 536.30 Td (followed ) Tj ET Q q 0 0 0 rg BT 201.87 536.30 Td (by ) Tj ET Q q 0 0 0 rg BT 212.01 536.30 Td (the ) Tj ET Q q 0 0 0 rg BT 224.76 536.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 260.88 536.30 Td (51% ) Tj ET Q q 0 0 0 rg BT 278.38 536.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 305.84 536.30 Td (in ) Tj ET Q q 0 0 0 rg BT 313.81 536.30 Td (the ) Tj ET Q q 0 0 0 rg BT 326.56 536.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 338.00 536.30 Td (John's ) Tj ET Q q 0 0 0 rg BT 362.19 536.30 Td (Places ) Tj ET Q q 0 0 0 rg BT 387.49 536.30 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 395.90 536.30 Td ($75.3 ) Tj ET Q q 0 0 0 rg BT 417.31 536.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 439.38 536.30 Td ( ) Tj ET Q q 0 0 0 rg BT 441.30 536.30 Td (along ) Tj ET Q q 0 0 0 rg BT 462.27 536.30 Td (with ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 478.03 536.30 Td ($21.8 ) Tj ET Q q 0 0 0 rg BT 499.44 536.30 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.52 536.30 Td ( ) Tj ET Q q 0 0 0 rg BT 523.43 536.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.34 536.30 Td ($9.5 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 524.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 85.58 524.90 Td ( ) Tj ET Q q 0 0 0 rg BT 87.87 524.90 Td (spent ) Tj ET Q q 0 0 0 rg BT 109.23 524.90 Td (on ) Tj ET Q q 0 0 0 rg BT 120.20 524.90 Td (on ) Tj ET Q q 0 0 0 rg BT 131.16 524.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 155.98 524.90 Td (and ) Tj ET Q q 0 0 0 rg BT 171.27 524.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 198.26 524.90 Td (costs, ) Tj ET Q q 0 0 0 rg BT 220.91 524.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 261.48 524.90 Td (. ) Tj ET Q q 0 0 0 rg BT 265.94 524.90 Td ( ) Tj ET Q q 0 0 0 rg BT 268.24 524.90 Td (Cash ) Tj ET Q q 0 0 0 rg BT 288.72 524.90 Td (outflows ) Tj ET Q q 0 0 0 rg BT 319.60 524.90 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 338.78 524.90 Td ($292.6 ) Tj ET Q q 0 0 0 rg BT 364.90 524.90 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 386.98 524.90 Td ( ) Tj ET Q q 0 0 0 rg BT 389.28 524.90 Td (for ) Tj ET Q q 0 0 0 rg BT 400.67 524.90 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 413.80 524.90 Td (nine ) Tj ET Q q 0 0 0 rg BT 430.82 524.90 Td (months ) Tj ET Q q 0 0 0 rg BT 458.67 524.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 482.63 524.90 Td (September ) Tj ET Q q 0 0 0 rg BT 523.04 524.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 536.17 524.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 513.50 Td (due ) Tj ET Q q 0 0 0 rg BT 78.66 513.50 Td (to ) Tj ET Q q 0 0 0 rg BT 87.33 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 100.33 513.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 139.31 513.50 Td (of ) Tj ET Q q 0 0 0 rg BT 147.97 513.50 Td (the ) Tj ET Q q 0 0 0 rg BT 160.97 513.50 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 182.62 513.50 Td (portfolio.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 496.10 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 496.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 98.83 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.71 496.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 122.72 496.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 142.02 496.10 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 152.66 496.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 168.94 496.10 Td (months ) Tj ET Q q 0 0 0 rg BT 196.04 496.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 219.26 496.10 Td (September ) Tj ET Q q 0 0 0 rg BT 258.92 496.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 271.30 496.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.63 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.18 496.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 311.22 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.27 496.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 352.87 496.10 Td (from ) Tj ET Q q 0 0 0 rg BT 370.00 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.38 496.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 404.72 496.10 Td (issuances ) Tj ET Q q 0 0 0 rg BT 440.92 496.10 Td (on ) Tj ET Q q 0 0 0 rg BT 451.14 496.10 Td (June ) Tj ET Q q 0 0 0 rg BT 469.58 496.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 481.96 496.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 500.84 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.39 496.10 Td (September ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 63.50 484.70 Td (7, ) Tj ET Q q 0 0 0 rg BT 72.17 484.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 91.66 484.70 Td (totaling ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 118.95 484.70 Td ($87.2 ) Tj ET Q q 0 0 0 rg BT 140.62 484.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 162.69 484.70 Td ( ) Tj ET Q q 0 0 0 rg BT 164.86 484.70 Td (and ) Tj ET Q q 0 0 0 rg BT 180.02 484.70 Td (of) Tj ET Q q 0 0 0 rg BT 186.39 484.70 Td (fset ) Tj ET Q q 0 0 0 rg BT 201.12 484.70 Td (repayments ) Tj ET Q q 0 0 0 rg BT 243.99 484.70 Td (of ) Tj ET Q q 0 0 0 rg BT 252.65 484.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 269.98 484.70 Td (in ) Tj ET Q q 0 0 0 rg BT 278.21 484.70 Td (the ) Tj ET Q q 0 0 0 rg BT 291.21 484.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 319.36 484.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 328.03 484.70 Td ($7.7 ) Tj ET Q q 0 0 0 rg BT 345.36 484.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 367.44 484.70 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 467.30 Td (EQUITY) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 449.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.29 449.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.90 449.90 Td ( ) Tj ET Q q 0 0 0 rg BT 84.77 449.90 Td (is ) Tj ET Q q 0 0 0 rg BT 92.26 449.90 Td (authorized ) Tj ET Q q 0 0 0 rg BT 130.51 449.90 Td (to ) Tj ET Q q 0 0 0 rg BT 138.88 449.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 158.94 449.90 Td (an ) Tj ET Q q 0 0 0 rg BT 169.47 449.90 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 202.52 449.90 Td (number ) Tj ET Q q 0 0 0 rg BT 230.80 449.90 Td (of ) Tj ET Q q 0 0 0 rg BT 239.17 449.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 256.19 449.90 Td (units. ) Tj ET Q q 0 0 0 rg BT 276.68 449.90 Td (Each ) Tj ET Q q 0 0 0 rg BT 296.31 449.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 313.33 449.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 327.76 449.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 366.44 449.90 Td (a ) Tj ET Q q 0 0 0 rg BT 372.64 449.90 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 420.42 449.90 Td (undivided ) Tj ET Q q 0 0 0 rg BT 455.64 449.90 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 490.42 449.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 517.84 449.90 Td (and ) Tj ET Q q 0 0 0 rg BT 532.71 449.90 Td (voting ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 438.50 Td (right ) Tj ET Q q 0 0 0 rg BT 66.95 438.50 Td (in ) Tj ET Q q 0 0 0 rg BT 74.81 438.50 Td (the ) Tj ET Q q 0 0 0 rg BT 87.44 438.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 105.05 438.50 Td ( ) Tj ET Q q 0 0 0 rg BT 106.85 438.50 Td (and ) Tj ET Q q 0 0 0 rg BT 121.65 438.50 Td (entitles ) Tj ET Q q 0 0 0 rg BT 148.13 438.50 Td (the ) Tj ET Q q 0 0 0 rg BT 160.76 438.50 Td (holder ) Tj ET Q q 0 0 0 rg BT 184.22 438.50 Td (to ) Tj ET Q q 0 0 0 rg BT 192.51 438.50 Td (an ) Tj ET Q q 0 0 0 rg BT 202.98 438.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 223.84 438.50 Td (participation ) Tj ET Q q 0 0 0 rg BT 267.64 438.50 Td (in ) Tj ET Q q 0 0 0 rg BT 275.50 438.50 Td (distributions ) Tj ET Q q 0 0 0 rg BT 318.88 438.50 Td (of ) Tj ET Q q 0 0 0 rg BT 327.17 438.50 Td (the ) Tj ET Q q 0 0 0 rg BT 339.80 438.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 356.68 438.50 Td (. ) Tj ET Q q 0 0 0 rg BT 360.54 438.50 Td (The ) Tj ET Q q 0 0 0 rg BT 375.76 438.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 392.71 438.50 Td (units ) Tj ET Q q 0 0 0 rg BT 410.97 438.50 Td (are ) Tj ET Q q 0 0 0 rg BT 424.03 438.50 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 466.97 438.50 Td (at ) Tj ET Q q 0 0 0 rg BT 475.26 438.50 Td (the ) Tj ET Q q 0 0 0 rg BT 487.89 438.50 Td (option ) Tj ET Q q 0 0 0 rg BT 510.92 438.50 Td (of ) Tj ET Q q 0 0 0 rg BT 519.22 438.50 Td (the ) Tj ET Q q 0 0 0 rg BT 531.85 438.50 Td (holder ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (at ) Tj ET Q q 0 0 0 rg BT 58.67 427.10 Td (any ) Tj ET Q q 0 0 0 rg BT 73.39 427.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 92.31 427.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.90 427.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 125.22 427.10 Td (units ) Tj ET Q q 0 0 0 rg BT 143.85 427.10 Td (are ) Tj ET Q q 0 0 0 rg BT 157.27 427.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 181.53 427.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.36 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.22 427.10 Td (TSX ) Tj ET Q q 0 0 0 rg BT 222.54 427.10 Td (with ) Tj ET Q q 0 0 0 rg BT 238.56 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.06 427.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 271.48 427.10 Td (ask ) Tj ET Q q 0 0 0 rg BT 285.77 427.10 Td (price ) Tj ET Q q 0 0 0 rg BT 304.82 427.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 313.49 427.10 Td ($8.42) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.98 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.15 427.10 Td (as ) Tj ET Q q 0 0 0 rg BT 345.54 427.10 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 354.21 427.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 407.48 427.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 424.81 427.10 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 409.70 Td (The ) Tj ET Q q 0 0 0 rg BT 65.28 409.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 82.89 409.70 Td ( ) Tj ET Q q 0 0 0 rg BT 84.75 409.70 Td (is ) Tj ET Q q 0 0 0 rg BT 92.24 409.70 Td (also ) Tj ET Q q 0 0 0 rg BT 108.39 409.70 Td (authorized ) Tj ET Q q 0 0 0 rg BT 146.63 409.70 Td (to ) Tj ET Q q 0 0 0 rg BT 154.99 409.70 Td (create ) Tj ET Q q 0 0 0 rg BT 178.50 409.70 Td (and ) Tj ET Q q 0 0 0 rg BT 193.36 409.70 Td (issue ) Tj ET Q q 0 0 0 rg BT 213.40 409.70 Td (an ) Tj ET Q q 0 0 0 rg BT 223.93 409.70 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 256.96 409.70 Td (number ) Tj ET Q q 0 0 0 rg BT 285.24 409.70 Td (of ) Tj ET Q q 0 0 0 rg BT 293.59 409.70 Td (preferred ) Tj ET Q q 0 0 0 rg BT 327.06 409.70 Td (units, ) Tj ET Q q 0 0 0 rg BT 347.54 409.70 Td (in ) Tj ET Q q 0 0 0 rg BT 355.47 409.70 Td (one ) Tj ET Q q 0 0 0 rg BT 370.32 409.70 Td (or ) Tj ET Q q 0 0 0 rg BT 379.11 409.70 Td (more ) Tj ET Q q 0 0 0 rg BT 398.71 409.70 Td (classes ) Tj ET Q q 0 0 0 rg BT 426.56 409.70 Td (comprised ) Tj ET Q q 0 0 0 rg BT 464.35 409.70 Td (of ) Tj ET Q q 0 0 0 rg BT 472.71 409.70 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 505.75 409.70 Td (series, ) Tj ET Q q 0 0 0 rg BT 530.55 409.70 Td (having ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 398.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 71.63 398.30 Td (and ) Tj ET Q q 0 0 0 rg BT 86.77 398.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 124.00 398.30 Td (as ) Tj ET Q q 0 0 0 rg BT 134.38 398.30 Td (may ) Tj ET Q q 0 0 0 rg BT 151.24 398.30 Td (be ) Tj ET Q q 0 0 0 rg BT 162.06 398.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 203.18 398.30 Td (by ) Tj ET Q q 0 0 0 rg BT 213.56 398.30 Td (the ) Tj ET Q q 0 0 0 rg BT 226.53 398.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 249.47 398.30 Td (of ) Tj ET Q q 0 0 0 rg BT 257.98 398.30 Td (T) Tj ET Q q 0 0 0 rg BT 262.46 398.30 Td (rustees ) Tj ET Q q 0 0 0 rg BT 290.16 398.30 Td (from ) Tj ET Q q 0 0 0 rg BT 307.88 398.30 Td (time ) Tj ET Q q 0 0 0 rg BT 324.75 398.30 Td (to ) Tj ET Q q 0 0 0 rg BT 333.40 398.30 Td (time. ) Tj ET Q q 0 0 0 rg BT 352.30 398.30 Td (There ) Tj ET Q q 0 0 0 rg BT 374.79 398.30 Td (were ) Tj ET Q q 0 0 0 rg BT 393.82 398.30 Td (no ) Tj ET Q q 0 0 0 rg BT 404.64 398.30 Td (preferred ) Tj ET Q q 0 0 0 rg BT 438.39 398.30 Td (units ) Tj ET Q q 0 0 0 rg BT 457.00 398.30 Td (created ) Tj ET Q q 0 0 0 rg BT 485.13 398.30 Td (or ) Tj ET Q q 0 0 0 rg BT 494.20 398.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 518.87 398.30 Td (during ) Tj ET Q q 0 0 0 rg BT 542.67 398.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 386.90 Td (period ) Tj ET Q q 0 0 0 rg BT 73.82 386.90 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 97.65 386.90 Td (September30, ) Tj ET Q q 0 0 0 rg BT 150.92 386.90 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 168.25 386.90 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 369.50 Td (On ) Tj ET Q q 0 0 0 rg BT 62.48 369.50 Td (June ) Tj ET Q q 0 0 0 rg BT 81.46 369.50 Td (24, ) Tj ET Q q 0 0 0 rg BT 94.37 369.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 115.95 369.50 Td (the ) Tj ET Q q 0 0 0 rg BT 128.87 369.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 146.48 369.50 Td ( ) Tj ET Q q 0 0 0 rg BT 148.56 369.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 186.59 369.50 Td (a ) Tj ET Q q 0 0 0 rg BT 193.01 369.50 Td (bought ) Tj ET Q q 0 0 0 rg BT 218.92 369.50 Td (deal ) Tj ET Q q 0 0 0 rg BT 235.73 369.50 Td (of) Tj ET Q q 0 0 0 rg BT 242.10 369.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 263.67 369.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 272.25 369.50 Td (4,531,137) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.91 369.50 Td ( ) Tj ET Q q 0 0 0 rg BT 309.00 369.50 Td (units ) Tj ET Q q 0 0 0 rg BT 327.54 369.50 Td (at ) Tj ET Q q 0 0 0 rg BT 336.12 369.50 Td (an ) Tj ET Q q 0 0 0 rg BT 346.87 369.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 379.71 369.50 Td (price ) Tj ET Q q 0 0 0 rg BT 398.67 369.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 407.26 369.50 Td ($7.85) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.75 369.50 Td ( ) Tj ET Q q 0 0 0 rg BT 428.84 369.50 Td (per ) Tj ET Q q 0 0 0 rg BT 442.18 369.50 Td (unit, ) Tj ET Q q 0 0 0 rg BT 458.99 369.50 Td (for ) Tj ET Q q 0 0 0 rg BT 470.17 369.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 491.30 369.50 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 525.44 369.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.02 369.50 Td ($35.6 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.08 358.10 Td (. ) Tj ET Q q 0 0 0 rg BT 76.86 358.10 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 112.39 358.10 Td (form ) Tj ET Q q 0 0 0 rg BT 130.58 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.03 358.10 Td (of) Tj ET Q q 0 0 0 rg BT 150.39 358.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 172.50 358.10 Td (were ) Tj ET Q q 0 0 0 rg BT 191.99 358.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 217.99 358.10 Td (used ) Tj ET Q q 0 0 0 rg BT 237.50 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.61 358.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 268.71 358.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 288.66 358.10 Td (but ) Tj ET Q q 0 0 0 rg BT 302.11 358.10 Td (redrawn ) Tj ET Q q 0 0 0 rg BT 332.86 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.54 358.10 Td (part ) Tj ET Q q 0 0 0 rg BT 357.58 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.69 358.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 394.43 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.88 358.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 447.31 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.42 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.87 358.10 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 503.23 358.10 Td (Centre ) Tj ET Q q 0 0 0 rg BT 529.22 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.84 358.10 Td (an ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 346.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 85.55 346.70 Td (19% ) Tj ET Q q 0 0 0 rg BT 103.34 346.70 Td (ownership ) Tj ET Q q 0 0 0 rg BT 141.05 346.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 168.80 346.70 Td (in ) Tj ET Q q 0 0 0 rg BT 177.06 346.70 Td (St. ) Tj ET Q q 0 0 0 rg BT 188.79 346.70 Td (John's ) Tj ET Q q 0 0 0 rg BT 213.28 346.70 Td (Places. ) Tj ET Q q 0 0 0 rg BT 241.03 346.70 Td (In ) Tj ET Q q 0 0 0 rg BT 249.73 346.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 289.61 346.70 Td (with ) Tj ET Q q 0 0 0 rg BT 305.66 346.70 Td (the ) Tj ET Q q 0 0 0 rg BT 318.69 346.70 Td (of) Tj ET Q q 0 0 0 rg BT 325.06 346.70 Td (fering, ) Tj ET Q q 0 0 0 rg BT 348.91 346.70 Td (a ) Tj ET Q q 0 0 0 rg BT 355.45 346.70 Td (secondary ) Tj ET Q q 0 0 0 rg BT 393.59 346.70 Td (of) Tj ET Q q 0 0 0 rg BT 399.96 346.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 421.64 346.70 Td (of ) Tj ET Q q 0 0 0 rg BT 430.34 346.70 Td (1,838,863 ) Tj ET Q q 0 0 0 rg BT 467.20 346.70 Td (units ) Tj ET Q q 0 0 0 rg BT 485.86 346.70 Td (of ) Tj ET Q q 0 0 0 rg BT 494.56 346.70 Td (Subcore ) Tj ET Q q 0 0 0 rg BT 525.78 346.70 Td (Equities ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 335.30 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 66.90 335.30 Td (a ) Tj ET Q q 0 0 0 rg BT 73.39 335.30 Td (private ) Tj ET Q q 0 0 0 rg BT 98.94 335.30 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 142.25 335.30 Td (for ) Tj ET Q q 0 0 0 rg BT 153.51 335.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 174.73 335.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 208.94 335.30 Td (of ) Tj ET Q q 0 0 0 rg BT 217.61 335.30 Td ($14.4 ) Tj ET Q q 0 0 0 rg BT 239.27 335.30 Td (million ) Tj ET Q q 0 0 0 rg BT 263.52 335.30 Td (was ) Tj ET Q q 0 0 0 rg BT 279.53 335.30 Td (completed. ) Tj ET Q q 0 0 0 rg BT 319.68 335.30 Td (The ) Tj ET Q q 0 0 0 rg BT 335.27 335.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 352.88 335.30 Td ( ) Tj ET Q q 0 0 0 rg BT 355.04 335.30 Td (received ) Tj ET Q q 0 0 0 rg BT 386.66 335.30 Td (no ) Tj ET Q q 0 0 0 rg BT 397.49 335.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 431.70 335.30 Td (from ) Tj ET Q q 0 0 0 rg BT 449.45 335.30 Td (the ) Tj ET Q q 0 0 0 rg BT 462.45 335.30 Td (secondary ) Tj ET Q q 0 0 0 rg BT 500.56 335.30 Td (of) Tj ET Q q 0 0 0 rg BT 506.93 335.30 Td (fering.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 317.90 Td (On ) Tj ET Q q 0 0 0 rg BT 62.94 317.90 Td (September ) Tj ET Q q 0 0 0 rg BT 103.60 317.90 Td (7, ) Tj ET Q q 0 0 0 rg BT 112.64 317.90 Td (2016, ) Tj ET Q q 0 0 0 rg BT 134.68 317.90 Td (the ) Tj ET Q q 0 0 0 rg BT 148.06 317.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 165.67 317.90 Td ( ) Tj ET Q q 0 0 0 rg BT 168.22 317.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 206.71 317.90 Td (a ) Tj ET Q q 0 0 0 rg BT 213.59 317.90 Td (bought ) Tj ET Q q 0 0 0 rg BT 239.96 317.90 Td (deal ) Tj ET Q q 0 0 0 rg BT 257.24 317.90 Td (of) Tj ET Q q 0 0 0 rg BT 263.60 317.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 285.64 317.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 294.68 317.90 Td (6,104,500) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.34 317.90 Td ( ) Tj ET Q q 0 0 0 rg BT 331.89 317.90 Td (units ) Tj ET Q q 0 0 0 rg BT 350.89 317.90 Td (at ) Tj ET Q q 0 0 0 rg BT 359.94 317.90 Td (an ) Tj ET Q q 0 0 0 rg BT 371.15 317.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 404.45 317.90 Td (price ) Tj ET Q q 0 0 0 rg BT 423.88 317.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 432.92 317.90 Td ($8.45) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.42 317.90 Td (, ) Tj ET Q q 0 0 0 rg BT 457.13 317.90 Td (for ) Tj ET Q q 0 0 0 rg BT 468.77 317.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 490.37 317.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 524.97 317.90 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 534.01 317.90 Td ($51.6 ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 306.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.08 306.50 Td (. ) Tj ET Q q 0 0 0 rg BT 77.08 306.50 Td ( ) Tj ET Q q 0 0 0 rg BT 79.91 306.50 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 115.65 306.50 Td (from ) Tj ET Q q 0 0 0 rg BT 134.07 306.50 Td (the ) Tj ET Q q 0 0 0 rg BT 147.73 306.50 Td (of) Tj ET Q q 0 0 0 rg BT 154.10 306.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 176.42 306.50 Td (were ) Tj ET Q q 0 0 0 rg BT 196.13 306.50 Td (used ) Tj ET Q q 0 0 0 rg BT 215.86 306.50 Td (to ) Tj ET Q q 0 0 0 rg BT 225.19 306.50 Td (finance ) Tj ET Q q 0 0 0 rg BT 253.15 306.50 Td (the ) Tj ET Q q 0 0 0 rg BT 266.81 306.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 306.46 306.50 Td (of ) Tj ET Q q 0 0 0 rg BT 315.79 306.50 Td (365 ) Tj ET Q q 0 0 0 rg BT 331.62 306.50 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 366.49 306.50 Td (from ) Tj ET Q q 0 0 0 rg BT 384.90 306.50 Td (SMC ) Tj ET Q q 0 0 0 rg BT 405.04 306.50 Td (for ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 416.97 306.50 Td ($12.3 ) Tj ET Q q 0 0 0 rg BT 439.30 306.50 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.38 306.50 Td ( ) Tj ET Q q 0 0 0 rg BT 464.21 306.50 Td (and ) Tj ET Q q 0 0 0 rg BT 480.04 306.50 Td (the ) Tj ET Q q 0 0 0 rg BT 493.70 306.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 533.35 306.50 Td (of ) Tj ET Q q 0 0 0 rg BT 542.68 306.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 85.71 295.10 Td (51% ) Tj ET Q q 0 0 0 rg BT 102.80 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.80 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.13 295.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 134.16 295.10 Td (John's ) Tj ET Q q 0 0 0 rg BT 157.95 295.10 Td (Places, ) Tj ET Q q 0 0 0 rg BT 185.00 295.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 222.01 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.34 295.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 258.98 295.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 295.98 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.98 295.10 Td (100%. ) Tj ET Q q 0 0 0 rg BT 327.57 295.10 Td (Consideration ) Tj ET Q q 0 0 0 rg BT 377.14 295.10 Td (for ) Tj ET Q q 0 0 0 rg BT 387.73 295.10 Td (this ) Tj ET Q q 0 0 0 rg BT 401.36 295.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 439.67 295.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.03 295.10 Td ($73.4 ) Tj ET Q q 0 0 0 rg BT 476.02 295.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 498.10 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.60 295.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 515.39 295.10 Td (transaction ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 283.70 Td (costs. ) Tj ET Q q 0 0 0 rg BT 72.15 283.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.49 283.70 Td (remainder ) Tj ET Q q 0 0 0 rg BT 124.48 283.70 Td (of ) Tj ET Q q 0 0 0 rg BT 132.90 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 145.65 283.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 179.61 283.70 Td (from ) Tj ET Q q 0 0 0 rg BT 197.11 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 209.86 283.70 Td (of) Tj ET Q q 0 0 0 rg BT 216.22 283.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 237.63 283.70 Td (were ) Tj ET Q q 0 0 0 rg BT 256.42 283.70 Td (used ) Tj ET Q q 0 0 0 rg BT 275.24 283.70 Td (to ) Tj ET Q q 0 0 0 rg BT 283.65 283.70 Td (pay ) Tj ET Q q 0 0 0 rg BT 298.13 283.70 Td (down ) Tj ET Q q 0 0 0 rg BT 318.67 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 331.42 283.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 356.47 283.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 389.56 283.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 410.53 283.70 Td (and ) Tj ET Q q 0 0 0 rg BT 425.44 283.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 459.85 283.70 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 491.64 283.70 Td (In ) Tj ET Q q 0 0 0 rg BT 500.06 283.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 539.66 283.70 Td (with ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 272.30 Td (the ) Tj ET Q q 0 0 0 rg BT 62.86 272.30 Td (of) Tj ET Q q 0 0 0 rg BT 69.23 272.30 Td (fering, ) Tj ET Q q 0 0 0 rg BT 92.91 272.30 Td (a ) Tj ET Q q 0 0 0 rg BT 99.27 272.30 Td (secondary ) Tj ET Q q 0 0 0 rg BT 137.25 272.30 Td (of) Tj ET Q q 0 0 0 rg BT 143.61 272.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 165.13 272.30 Td (of ) Tj ET Q q 0 0 0 rg BT 173.66 272.30 Td (795,500 ) Tj ET Q q 0 0 0 rg BT 203.85 272.30 Td (units ) Tj ET Q q 0 0 0 rg BT 222.34 272.30 Td (of ) Tj ET Q q 0 0 0 rg BT 230.87 272.30 Td (Subcore ) Tj ET Q q 0 0 0 rg BT 261.92 272.30 Td (Equities ) Tj ET Q q 0 0 0 rg BT 291.66 272.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 306.26 272.30 Td (was ) Tj ET Q q 0 0 0 rg BT 322.14 272.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 360.11 272.30 Td (for ) Tj ET Q q 0 0 0 rg BT 371.24 272.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 392.32 272.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 426.40 272.30 Td (of ) Tj ET Q q 0 0 0 rg BT 434.93 272.30 Td ($6.7 ) Tj ET Q q 0 0 0 rg BT 452.12 272.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 478.27 272.30 Td (The ) Tj ET Q q 0 0 0 rg BT 493.72 272.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 511.33 272.30 Td ( ) Tj ET Q q 0 0 0 rg BT 513.36 272.30 Td (received ) Tj ET Q q 0 0 0 rg BT 544.84 272.30 Td (no ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 260.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 83.98 260.90 Td (from ) Tj ET Q q 0 0 0 rg BT 101.48 260.90 Td (the ) Tj ET Q q 0 0 0 rg BT 114.24 260.90 Td (secondary ) Tj ET Q q 0 0 0 rg BT 152.11 260.90 Td (of) Tj ET Q q 0 0 0 rg BT 158.48 260.90 Td (fering. ) Tj ET Q q 0 0 0 rg BT 181.94 260.90 Td (The ) Tj ET Q q 0 0 0 rg BT 197.29 260.90 Td (combined ) Tj ET Q q 0 0 0 rg BT 232.99 260.90 Td (result ) Tj ET Q q 0 0 0 rg BT 253.97 260.90 Td (of ) Tj ET Q q 0 0 0 rg BT 262.40 260.90 Td (the ) Tj ET Q q 0 0 0 rg BT 275.16 260.90 Td (two ) Tj ET Q q 0 0 0 rg BT 289.20 260.90 Td (secondary ) Tj ET Q q 0 0 0 rg BT 327.07 260.90 Td (of) Tj ET Q q 0 0 0 rg BT 333.44 260.90 Td (ferings ) Tj ET Q q 0 0 0 rg BT 358.75 260.90 Td (has ) Tj ET Q q 0 0 0 rg BT 373.24 260.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 403.32 260.90 Td (Subcore ) Tj ET Q q 0 0 0 rg BT 434.26 260.90 Td (Equities ) Tj ET Q q 0 0 0 rg BT 463.90 260.90 Td (holdings ) Tj ET Q q 0 0 0 rg BT 494.85 260.90 Td (in ) Tj ET Q q 0 0 0 rg BT 502.84 260.90 Td (the ) Tj ET Q q 0 0 0 rg BT 515.59 260.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 533.20 260.90 Td ( ) Tj ET Q q 0 0 0 rg BT 535.13 260.90 Td (to ) Tj ET Q q 0 0 0 rg BT 543.55 260.90 Td (nil. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 243.50 Td (As ) Tj ET Q q 0 0 0 rg BT 61.94 243.50 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 71.29 243.50 Td (September30, ) Tj ET Q q 0 0 0 rg BT 125.25 243.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 142.58 243.50 Td (, ) Tj ET Q q 0 0 0 rg BT 147.60 243.50 Td (the ) Tj ET Q q 0 0 0 rg BT 161.28 243.50 Td (total ) Tj ET Q q 0 0 0 rg BT 178.86 243.50 Td (number ) Tj ET Q q 0 0 0 rg BT 208.12 243.50 Td (of ) Tj ET Q q 0 0 0 rg BT 217.47 243.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 235.48 243.50 Td (units ) Tj ET Q q 0 0 0 rg BT 254.79 243.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 297.93 243.50 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.63 243.50 Td (40,722,032) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 353.62 243.50 Td (. ) Tj ET Q q 0 0 0 rg BT 358.08 243.50 Td (As ) Tj ET Q q 0 0 0 rg BT 370.02 243.50 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.37 243.50 Td (November3, ) Tj ET Q q 0 0 0 rg BT 426.82 243.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.15 243.50 Td (, ) Tj ET Q q 0 0 0 rg BT 449.17 243.50 Td (the ) Tj ET Q q 0 0 0 rg BT 462.85 243.50 Td (total ) Tj ET Q q 0 0 0 rg BT 480.43 243.50 Td (number ) Tj ET Q q 0 0 0 rg BT 509.69 243.50 Td (of ) Tj ET Q q 0 0 0 rg BT 519.04 243.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 537.05 243.50 Td (units ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 92.45 232.10 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 108.47 232.10 Td (40,728,004) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 147.46 232.10 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 214.70 Td (Normal ) Tj ET Q q 0 0 0 rg BT 79.00 214.70 Td (course ) Tj ET Q q 0 0 0 rg BT 106.71 214.70 Td (issuer ) Tj ET Q q 0 0 0 rg BT 131.83 214.70 Td (bid) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 197.30 Td (On ) Tj ET Q q 0 0 0 rg BT 62.67 197.30 Td (January ) Tj ET Q q 0 0 0 rg BT 92.65 197.30 Td (15, ) Tj ET Q q 0 0 0 rg BT 105.76 197.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 127.52 197.30 Td (the ) Tj ET Q q 0 0 0 rg BT 140.63 197.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 158.24 197.30 Td ( ) Tj ET Q q 0 0 0 rg BT 160.51 197.30 Td (renewed ) Tj ET Q q 0 0 0 rg BT 192.66 197.30 Td (its ) Tj ET Q q 0 0 0 rg BT 202.72 197.30 Td (NCIB, ) Tj ET Q q 0 0 0 rg BT 225.76 197.30 Td (whereby ) Tj ET Q q 0 0 0 rg BT 257.48 197.30 Td (the ) Tj ET Q q 0 0 0 rg BT 270.58 197.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 288.19 197.30 Td ( ) Tj ET Q q 0 0 0 rg BT 290.46 197.30 Td (may ) Tj ET Q q 0 0 0 rg BT 307.45 197.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 341.77 197.30 Td (up ) Tj ET Q q 0 0 0 rg BT 352.70 197.30 Td (to ) Tj ET Q q 0 0 0 rg BT 361.47 197.30 Td (2,334,509 ) Tj ET Q q 0 0 0 rg BT 398.41 197.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 415.83 197.30 Td (units, ) Tj ET Q q 0 0 0 rg BT 436.73 197.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 463.69 197.30 Td (to ) Tj ET Q q 0 0 0 rg BT 472.46 197.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 498.11 197.30 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 540.08 197.30 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 185.90 Td (renewed ) Tj ET Q q 0 0 0 rg BT 82.04 185.90 Td (NCIB ) Tj ET Q q 0 0 0 rg BT 102.82 185.90 Td (expires ) Tj ET Q q 0 0 0 rg BT 130.10 185.90 Td (on ) Tj ET Q q 0 0 0 rg BT 140.93 185.90 Td (the ) Tj ET Q q 0 0 0 rg BT 153.93 185.90 Td (earlier ) Tj ET Q q 0 0 0 rg BT 177.74 185.90 Td (of ) Tj ET Q q 0 0 0 rg BT 186.40 185.90 Td (January ) Tj ET Q q 0 0 0 rg BT 216.29 185.90 Td (25, ) Tj ET Q q 0 0 0 rg BT 229.29 185.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 248.78 185.90 Td (and ) Tj ET Q q 0 0 0 rg BT 263.95 185.90 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 305.09 185.90 Td (of ) Tj ET Q q 0 0 0 rg BT 313.75 185.90 Td (the ) Tj ET Q q 0 0 0 rg BT 326.75 185.90 Td (maximum ) Tj ET Q q 0 0 0 rg BT 362.68 185.90 Td (number ) Tj ET Q q 0 0 0 rg BT 391.26 185.90 Td (of ) Tj ET Q q 0 0 0 rg BT 399.92 185.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 417.25 185.90 Td (units. ) Tj ET Q q 0 0 0 rg BT 438.04 185.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 168.50 Td (For ) Tj ET Q q 0 0 0 rg BT 64.31 168.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 77.77 168.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 95.13 168.50 Td (months ) Tj ET Q q 0 0 0 rg BT 123.31 168.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 147.60 168.50 Td (September ) Tj ET Q q 0 0 0 rg BT 188.34 168.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 201.80 168.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 219.13 168.50 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 223.92 168.50 Td (50,813) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 247.75 168.50 Td ( ) Tj ET Q q 0 0 0 rg BT 250.38 168.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 268.17 168.50 Td (units ) Tj ET Q q 0 0 0 rg BT 287.25 168.50 Td (were ) Tj ET Q q 0 0 0 rg BT 306.76 168.50 Td (purchased ) Tj ET Q q 0 0 0 rg BT 345.77 168.50 Td (and ) Tj ET Q q 0 0 0 rg BT 361.40 168.50 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 409.94 168.50 Td (canceled ) Tj ET Q q 0 0 0 rg BT 443.76 168.50 Td (under ) Tj ET Q q 0 0 0 rg BT 466.31 168.50 Td (the ) Tj ET Q q 0 0 0 rg BT 479.77 168.50 Td (NCIB ) Tj ET Q q 0 0 0 rg BT 501.01 168.50 Td (for ) Tj ET Q q 0 0 0 rg BT 512.73 168.50 Td (a ) Tj ET Q q 0 0 0 rg BT 519.69 168.50 Td (total ) Tj ET Q q 0 0 0 rg BT 537.05 168.50 Td (cost, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (including ) Tj ET Q q 0 0 0 rg BT 82.92 157.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 123.20 157.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 145.72 157.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 154.38 157.10 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 171.71 157.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 193.79 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.96 157.10 Td (at ) Tj ET Q q 0 0 0 rg BT 204.62 157.10 Td (an ) Tj ET Q q 0 0 0 rg BT 215.45 157.10 Td (average ) Tj ET Q q 0 0 0 rg BT 245.77 157.10 Td (price ) Tj ET Q q 0 0 0 rg BT 264.82 157.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 273.49 157.10 Td ($7.04) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.99 157.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.15 157.10 Td (per ) Tj ET Q q 0 0 0 rg BT 308.58 157.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 325.47 157.10 Td (No ) Tj ET Q q 0 0 0 rg BT 337.59 157.10 Td (new ) Tj ET Q q 0 0 0 rg BT 354.05 157.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 392.16 157.10 Td (have ) Tj ET Q q 0 0 0 rg BT 411.22 157.10 Td (been ) Tj ET Q q 0 0 0 rg BT 430.72 157.10 Td (made ) Tj ET Q q 0 0 0 rg BT 452.37 157.10 Td (since ) Tj ET Q q 0 0 0 rg BT 472.73 157.10 Td (renewing ) Tj ET Q q 0 0 0 rg BT 506.50 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.50 157.10 Td (NCIB.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 139.70 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 50.5 129.20000000000005 m 393.5 129.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 114.20000000000005 m 393.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 129.20000000000005 m 473.5 129.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 114.20000000000005 m 473.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 129.20000000000005 m 553.5 129.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 114.20000000000005 m 553.5 114.20000000000005 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 99.20000000000005 m 393.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 114.20000000000005 m 553.5 114.20000000000005 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 99.20000000000005 m 393.5 99.20000000000005 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 99.20000000000005 m 553.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 84.20000000000005 m 393.5 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 69.20000000000005 m 393.5 69.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 393.5 84.20000000000005 m 473.5 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 69.20000000000005 m 473.5 69.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 473.5 84.20000000000005 m 553.5 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 69.20000000000005 m 553.5 69.20000000000005 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.20 118.73 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.55 118.73 Td (December 31, 2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 103.73 Td (Class B LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 435.70 103.73 Td (5,285,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.70 103.73 Td (5,073,818) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 53.00 88.73 Td (Deferred units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 446.55 88.73 Td (34,618) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 526.55 88.73 Td (17,440) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 435.70 73.73 Td (5,319,778) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.70 73.73 Td (5,091,258) Tj ET Q BT /F1 10.00 Tf ET 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 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.32 742.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 86.70 742.10 Td (B ) Tj ET Q q 0 0 0 rg BT 93.79 742.10 Td (LP) Tj ET Q q 0 0 0 rg BT 103.19 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.08 742.10 Td (units ) Tj ET Q q 0 0 0 rg BT 123.44 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 136.60 742.10 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 187.01 742.10 Td (into ) Tj ET Q q 0 0 0 rg BT 201.47 742.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 218.52 742.10 Td (units ) Tj ET Q q 0 0 0 rg BT 236.88 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.28 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.01 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 275.61 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.51 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 288.08 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.31 742.10 Td (one-for-one ) Tj ET Q q 0 0 0 rg BT 336.48 742.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 358.73 742.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 385.32 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.71 742.10 Td (anti-dilution ) Tj ET Q q 0 0 0 rg BT 435.45 742.10 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 481.53 742.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 501.18 742.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 522.56 742.10 Td (B ) Tj ET Q q 0 0 0 rg BT 529.65 742.10 Td (LP) Tj ET Q q 0 0 0 rg BT 539.05 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 540.94 742.10 Td (unit ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 730.70 Td (is ) Tj ET Q q 0 0 0 rg BT 57.99 730.70 Td (accompanied ) Tj ET Q q 0 0 0 rg BT 106.69 730.70 Td (by ) Tj ET Q q 0 0 0 rg BT 117.27 730.70 Td (one ) Tj ET Q q 0 0 0 rg BT 132.63 730.70 Td (special ) Tj ET Q q 0 0 0 rg BT 159.24 730.70 Td (voting ) Tj ET Q q 0 0 0 rg BT 182.39 730.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 197.31 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 206.17 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 219.36 730.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 236.97 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 239.33 730.70 Td (providing ) Tj ET Q q 0 0 0 rg BT 273.30 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 286.49 730.70 Td (same ) Tj ET Q q 0 0 0 rg BT 307.90 730.70 Td (voting ) Tj ET Q q 0 0 0 rg BT 331.05 730.70 Td (rights ) Tj ET Q q 0 0 0 rg BT 352.46 730.70 Td (in ) Tj ET Q q 0 0 0 rg BT 360.88 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 374.07 730.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 391.68 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 394.04 730.70 Td (as ) Tj ET Q q 0 0 0 rg BT 404.63 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 417.82 730.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 435.33 730.70 Td (units ) Tj ET Q q 0 0 0 rg BT 454.15 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 463.01 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 476.20 730.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 493.81 730.70 Td ( ) Tj ET Q q 0 0 0 rg BT 496.17 730.70 Td (and ) Tj ET Q q 0 0 0 rg BT 511.52 730.70 Td (is ) Tj ET Q q 0 0 0 rg BT 519.51 730.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 546.99 730.70 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 719.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 94.20 719.30 Td (of ) Tj ET Q q 0 0 0 rg BT 103.32 719.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 122.41 719.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 144.09 719.30 Td (to ) Tj ET Q q 0 0 0 rg BT 153.22 719.30 Td (the ) Tj ET Q q 0 0 0 rg BT 166.67 719.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 185.76 719.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 229.96 719.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 247.31 719.30 Td (to ) Tj ET Q q 0 0 0 rg BT 256.43 719.30 Td (holders ) Tj ET Q q 0 0 0 rg BT 284.61 719.30 Td (of ) Tj ET Q q 0 0 0 rg BT 293.73 719.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 311.52 719.30 Td (units ) Tj ET Q q 0 0 0 rg BT 330.60 719.30 Td (by ) Tj ET Q q 0 0 0 rg BT 341.45 719.30 Td (the ) Tj ET Q q 0 0 0 rg BT 354.91 719.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 371.79 719.30 Td (. ) Tj ET Q q 0 0 0 rg BT 376.42 719.30 Td (The ) Tj ET Q q 0 0 0 rg BT 392.47 719.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 414.57 719.30 Td (B ) Tj ET Q q 0 0 0 rg BT 422.39 719.30 Td (LP) Tj ET Q q 0 0 0 rg BT 431.79 719.30 Td ( ) Tj ET Q q 0 0 0 rg BT 434.41 719.30 Td (units ) Tj ET Q q 0 0 0 rg BT 453.50 719.30 Td (are ) Tj ET Q q 0 0 0 rg BT 467.38 719.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 508.12 719.30 Td (in ) Tj ET Q q 0 0 0 rg BT 516.81 719.30 Td (the ) Tj ET Q q 0 0 0 rg BT 530.26 719.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 549.60 719.30 Td (s ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 707.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 96.15 707.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 127.14 707.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 167.66 707.90 Td (as ) Tj ET Q q 0 0 0 rg BT 178.29 707.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 209.28 707.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 241.13 707.90 Td (measured ) Tj ET Q q 0 0 0 rg BT 278.17 707.90 Td (at ) Tj ET Q q 0 0 0 rg BT 287.08 707.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 300.30 707.90 Td (value ) Tj ET Q q 0 0 0 rg BT 321.33 707.90 Td (through ) Tj ET Q q 0 0 0 rg BT 350.16 707.90 Td (profit ) Tj ET Q q 0 0 0 rg BT 369.89 707.90 Td (and ) Tj ET Q q 0 0 0 rg BT 385.29 707.90 Td (loss. ) Tj ET Q q 0 0 0 rg BT 403.71 707.90 Td (Upon ) Tj ET Q q 0 0 0 rg BT 424.74 707.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 460.93 707.90 Td (into ) Tj ET Q q 0 0 0 rg BT 475.90 707.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 493.46 707.90 Td (units ) Tj ET Q q 0 0 0 rg BT 512.32 707.90 Td (of ) Tj ET Q q 0 0 0 rg BT 521.22 707.90 Td (the ) Tj ET Q q 0 0 0 rg BT 534.46 707.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 551.34 707.90 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 696.50 Td (the ) Tj ET Q q 0 0 0 rg BT 63.43 696.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 93.73 696.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 122.31 696.50 Td (of ) Tj ET Q q 0 0 0 rg BT 131.41 696.50 Td (the ) Tj ET Q q 0 0 0 rg BT 144.84 696.50 Td (liability ) Tj ET Q q 0 0 0 rg BT 170.81 696.50 Td (representing ) Tj ET Q q 0 0 0 rg BT 216.72 696.50 Td (the ) Tj ET Q q 0 0 0 rg BT 230.15 696.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 243.56 696.50 Td (value ) Tj ET Q q 0 0 0 rg BT 264.78 696.50 Td (of ) Tj ET Q q 0 0 0 rg BT 273.88 696.50 Td (the ) Tj ET Q q 0 0 0 rg BT 287.31 696.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 309.38 696.50 Td (B ) Tj ET Q q 0 0 0 rg BT 317.17 696.50 Td (LP) Tj ET Q q 0 0 0 rg BT 326.57 696.50 Td ( ) Tj ET Q q 0 0 0 rg BT 329.16 696.50 Td (units ) Tj ET Q q 0 0 0 rg BT 348.22 696.50 Td (on ) Tj ET Q q 0 0 0 rg BT 359.48 696.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 395.86 696.50 Td (date ) Tj ET Q q 0 0 0 rg BT 413.62 696.50 Td (will ) Tj ET Q q 0 0 0 rg BT 427.03 696.50 Td (be ) Tj ET Q q 0 0 0 rg BT 438.29 696.50 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 479.86 696.50 Td (to ) Tj ET Q q 0 0 0 rg BT 488.96 696.50 Td (unitholders) Tj ET Q q 0 0 0 rg BT 528.52 696.50 Td ( ) Tj ET Q q 0 0 0 rg BT 531.11 696.50 Td (equity) Tj ET Q q 0 0 0 rg BT 551.33 696.50 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (During ) Tj ET Q q 0 0 0 rg BT 75.11 685.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 88.11 685.10 Td (three ) Tj ET Q q 0 0 0 rg BT 108.03 685.10 Td (months ) Tj ET Q q 0 0 0 rg BT 135.75 685.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 159.58 685.10 Td (September ) Tj ET Q q 0 0 0 rg BT 199.85 685.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 212.85 685.10 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 230.18 685.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.51 685.10 Td (there ) Tj ET Q q 0 0 0 rg BT 254.44 685.10 Td (were ) Tj ET Q q 0 0 0 rg BT 273.48 685.10 Td (no ) Tj ET Q q 0 0 0 rg BT 284.31 685.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 305.96 685.10 Td (B ) Tj ET Q q 0 0 0 rg BT 313.32 685.10 Td (LP) Tj ET Q q 0 0 0 rg BT 322.71 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.88 685.10 Td (units ) Tj ET Q q 0 0 0 rg BT 343.51 685.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 383.79 685.10 Td (for ) Tj ET Q q 0 0 0 rg BT 395.05 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.05 685.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 427.39 685.10 Td (s ) Tj ET Q q 0 0 0 rg BT 433.45 685.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 450.77 685.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 471.57 685.10 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 667.70 Td (DEFERRED ) Tj ET Q q 0 0 0 rg BT 95.00 667.70 Td (UNIT ) Tj ET Q q 0 0 0 rg BT 115.34 667.70 Td (PLAN) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 650.30 Td (Ef) Tj ET Q q 0 0 0 rg BT 57.23 650.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 82.16 650.30 Td (May ) Tj ET Q q 0 0 0 rg BT 99.29 650.30 Td (26, ) Tj ET Q q 0 0 0 rg BT 112.54 650.30 Td (2015, ) Tj ET Q q 0 0 0 rg BT 134.45 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 147.69 650.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 165.30 650.30 Td ( ) Tj ET Q q 0 0 0 rg BT 167.71 650.30 Td (adopted ) Tj ET Q q 0 0 0 rg BT 198.29 650.30 Td (a ) Tj ET Q q 0 0 0 rg BT 205.03 650.30 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 237.75 650.30 Td (Unit ) Tj ET Q q 0 0 0 rg BT 254.02 650.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 272.02 650.30 Td (\(DUP\). ) Tj ET Q q 0 0 0 rg BT 303.26 650.30 Td (T) Tj ET Q q 0 0 0 rg BT 307.74 650.30 Td (rustees ) Tj ET Q q 0 0 0 rg BT 335.70 650.30 Td (of ) Tj ET Q q 0 0 0 rg BT 344.62 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 357.86 650.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 375.47 650.30 Td ( ) Tj ET Q q 0 0 0 rg BT 377.88 650.30 Td (who ) Tj ET Q q 0 0 0 rg BT 394.58 650.30 Td (are ) Tj ET Q q 0 0 0 rg BT 408.25 650.30 Td (neither ) Tj ET Q q 0 0 0 rg BT 434.49 650.30 Td (full ) Tj ET Q q 0 0 0 rg BT 446.86 650.30 Td (nor ) Tj ET Q q 0 0 0 rg BT 460.53 650.30 Td (part-time ) Tj ET Q q 0 0 0 rg BT 493.68 650.30 Td (employees ) Tj ET Q q 0 0 0 rg BT 533.77 650.30 Td (of ) Tj ET Q q 0 0 0 rg BT 542.68 650.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 638.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 66.88 638.90 Td (, ) Tj ET Q q 0 0 0 rg BT 70.90 638.90 Td (Slate, ) Tj ET Q q 0 0 0 rg BT 92.67 638.90 Td (or ) Tj ET Q q 0 0 0 rg BT 101.44 638.90 Td (any ) Tj ET Q q 0 0 0 rg BT 115.85 638.90 Td (of ) Tj ET Q q 0 0 0 rg BT 124.20 638.90 Td (their ) Tj ET Q q 0 0 0 rg BT 141.21 638.90 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 186.36 638.90 Td (are ) Tj ET Q q 0 0 0 rg BT 199.47 638.90 Td (eligible ) Tj ET Q q 0 0 0 rg BT 225.57 638.90 Td (to ) Tj ET Q q 0 0 0 rg BT 233.92 638.90 Td (participate ) Tj ET Q q 0 0 0 rg BT 271.71 638.90 Td (in ) Tj ET Q q 0 0 0 rg BT 279.62 638.90 Td (the ) Tj ET Q q 0 0 0 rg BT 292.30 638.90 Td (DUP) Tj ET Q q 0 0 0 rg BT 307.75 638.90 Td (. ) Tj ET Q q 0 0 0 rg BT 311.76 638.90 Td (Participants ) Tj ET Q q 0 0 0 rg BT 354.32 638.90 Td (may ) Tj ET Q q 0 0 0 rg BT 370.88 638.90 Td (elect ) Tj ET Q q 0 0 0 rg BT 389.19 638.90 Td (to ) Tj ET Q q 0 0 0 rg BT 397.54 638.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 424.50 638.90 Td (all ) Tj ET Q q 0 0 0 rg BT 434.15 638.90 Td (or ) Tj ET Q q 0 0 0 rg BT 442.92 638.90 Td (a ) Tj ET Q q 0 0 0 rg BT 449.10 638.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 474.77 638.90 Td (of ) Tj ET Q q 0 0 0 rg BT 483.12 638.90 Td (their ) Tj ET Q q 0 0 0 rg BT 500.13 638.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 525.37 638.90 Td (retainer) Tj ET Q q 0 0 0 rg BT 551.35 638.90 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 627.50 Td (meeting ) Tj ET Q q 0 0 0 rg BT 79.73 627.50 Td (fees ) Tj ET Q q 0 0 0 rg BT 96.47 627.50 Td (and ) Tj ET Q q 0 0 0 rg BT 111.48 627.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 146.85 627.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 197.37 627.50 Td (\(including ) Tj ET Q q 0 0 0 rg BT 232.73 627.50 Td (travel ) Tj ET Q q 0 0 0 rg BT 253.79 627.50 Td (fees\), ) Tj ET Q q 0 0 0 rg BT 275.29 627.50 Td (in ) Tj ET Q q 0 0 0 rg BT 283.37 627.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 314.40 627.50 Td (units. ) Tj ET Q q 0 0 0 rg BT 335.03 627.50 Td (One ) Tj ET Q q 0 0 0 rg BT 351.78 627.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 382.80 627.50 Td (unit, ) Tj ET Q q 0 0 0 rg BT 399.55 627.50 Td (which ) Tj ET Q q 0 0 0 rg BT 421.47 627.50 Td (vests ) Tj ET Q q 0 0 0 rg BT 441.68 627.50 Td (immediately ) Tj ET Q q 0 0 0 rg BT 485.25 627.50 Td (on ) Tj ET Q q 0 0 0 rg BT 495.93 627.50 Td (the ) Tj ET Q q 0 0 0 rg BT 508.78 627.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 528.55 627.50 Td (date, ) Tj ET Q q 0 0 0 rg BT 547.89 627.50 Td (is ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 88.00 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.99 616.10 Td (one ) Tj ET Q q 0 0 0 rg BT 112.47 616.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 130.11 616.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 146.84 616.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 183.54 616.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 215.04 616.10 Td (units ) Tj ET Q q 0 0 0 rg BT 233.99 616.10 Td (accumulate ) Tj ET Q q 0 0 0 rg BT 276.31 616.10 Td (at ) Tj ET Q q 0 0 0 rg BT 285.30 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.62 616.10 Td (same ) Tj ET Q q 0 0 0 rg BT 320.15 616.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 336.06 616.10 Td (that ) Tj ET Q q 0 0 0 rg BT 351.55 616.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 395.61 616.10 Td (are ) Tj ET Q q 0 0 0 rg BT 409.35 616.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 426.57 616.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.72 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.03 616.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 468.67 616.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 489.63 616.10 Td (The ) Tj ET Q q 0 0 0 rg BT 505.54 616.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 537.04 616.10 Td (units ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 604.70 Td (may ) Tj ET Q q 0 0 0 rg BT 67.08 604.70 Td (be ) Tj ET Q q 0 0 0 rg BT 78.12 604.70 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 115.56 604.70 Td (by ) Tj ET Q q 0 0 0 rg BT 126.16 604.70 Td (a ) Tj ET Q q 0 0 0 rg BT 132.85 604.70 Td (participant ) Tj ET Q q 0 0 0 rg BT 171.17 604.70 Td (for ) Tj ET Q q 0 0 0 rg BT 182.63 604.70 Td (a ) Tj ET Q q 0 0 0 rg BT 189.32 604.70 Td (period ) Tj ET Q q 0 0 0 rg BT 213.34 604.70 Td (of ) Tj ET Q q 0 0 0 rg BT 222.21 604.70 Td (two ) Tj ET Q q 0 0 0 rg BT 236.70 604.70 Td (years ) Tj ET Q q 0 0 0 rg BT 258.11 604.70 Td (after ) Tj ET Q q 0 0 0 rg BT 276.07 604.70 Td (the ) Tj ET Q q 0 0 0 rg BT 289.27 604.70 Td (participant ) Tj ET Q q 0 0 0 rg BT 327.58 604.70 Td (ceases ) Tj ET Q q 0 0 0 rg BT 354.64 604.70 Td (to ) Tj ET Q q 0 0 0 rg BT 363.50 604.70 Td (be ) Tj ET Q q 0 0 0 rg BT 374.53 604.70 Td (a ) Tj ET Q q 0 0 0 rg BT 381.08 604.70 Td (T) Tj ET Q q 0 0 0 rg BT 385.56 604.70 Td (rustee ) Tj ET Q q 0 0 0 rg BT 409.58 604.70 Td (of ) Tj ET Q q 0 0 0 rg BT 418.45 604.70 Td (the ) Tj ET Q q 0 0 0 rg BT 431.64 604.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 449.25 604.70 Td ( ) Tj ET Q q 0 0 0 rg BT 451.62 604.70 Td (in ) Tj ET Q q 0 0 0 rg BT 460.05 604.70 Td (whole ) Tj ET Q q 0 0 0 rg BT 482.76 604.70 Td (or ) Tj ET Q q 0 0 0 rg BT 492.06 604.70 Td (in ) Tj ET Q q 0 0 0 rg BT 500.48 604.70 Td (part ) Tj ET Q q 0 0 0 rg BT 516.28 604.70 Td (for ) Tj ET Q q 0 0 0 rg BT 527.73 604.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 546.56 604.70 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 593.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 67.11 593.30 Td (units. ) Tj ET Q q 0 0 0 rg BT 87.58 593.30 Td (The ) Tj ET Q q 0 0 0 rg BT 102.96 593.30 Td (value ) Tj ET Q q 0 0 0 rg BT 123.54 593.30 Td (of ) Tj ET Q q 0 0 0 rg BT 132.00 593.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.79 593.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 175.77 593.30 Td (units ) Tj ET Q q 0 0 0 rg BT 194.18 593.30 Td (when ) Tj ET Q q 0 0 0 rg BT 214.76 593.30 Td (converted ) Tj ET Q q 0 0 0 rg BT 250.94 593.30 Td (to ) Tj ET Q q 0 0 0 rg BT 259.40 593.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 277.81 593.30 Td (will ) Tj ET Q q 0 0 0 rg BT 290.58 593.30 Td (be ) Tj ET Q q 0 0 0 rg BT 301.21 593.30 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 338.69 593.30 Td (to ) Tj ET Q q 0 0 0 rg BT 347.14 593.30 Td (the ) Tj ET Q q 0 0 0 rg BT 359.94 593.30 Td (market ) Tj ET Q q 0 0 0 rg BT 385.71 593.30 Td (value ) Tj ET Q q 0 0 0 rg BT 406.29 593.30 Td (of ) Tj ET Q q 0 0 0 rg BT 414.75 593.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 432.36 593.30 Td ( ) Tj ET Q q 0 0 0 rg BT 434.31 593.30 Td (units ) Tj ET Q q 0 0 0 rg BT 452.73 593.30 Td (on ) Tj ET Q q 0 0 0 rg BT 463.36 593.30 Td (the ) Tj ET Q q 0 0 0 rg BT 476.15 593.30 Td (date ) Tj ET Q q 0 0 0 rg BT 493.27 593.30 Td (of ) Tj ET Q q 0 0 0 rg BT 501.73 593.30 Td (the ) Tj ET Q q 0 0 0 rg BT 514.52 593.30 Td (redemption ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 581.90 Td (request. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 564.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.47 564.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 83.08 564.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.13 564.50 Td (measures ) Tj ET Q q 0 0 0 rg BT 121.38 564.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 152.45 564.50 Td (units ) Tj ET Q q 0 0 0 rg BT 170.95 564.50 Td (as ) Tj ET Q q 0 0 0 rg BT 181.23 564.50 Td (a ) Tj ET Q q 0 0 0 rg BT 187.61 564.50 Td (liability ) Tj ET Q q 0 0 0 rg BT 213.04 564.50 Td (at ) Tj ET Q q 0 0 0 rg BT 221.58 564.50 Td (their ) Tj ET Q q 0 0 0 rg BT 238.79 564.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 251.66 564.50 Td (value, ) Tj ET Q q 0 0 0 rg BT 274.50 564.50 Td (which ) Tj ET Q q 0 0 0 rg BT 296.46 564.50 Td (is ) Tj ET Q q 0 0 0 rg BT 304.13 564.50 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 341.70 564.50 Td (to ) Tj ET Q q 0 0 0 rg BT 350.25 564.50 Td (the ) Tj ET Q q 0 0 0 rg BT 363.13 564.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 376.00 564.50 Td (value ) Tj ET Q q 0 0 0 rg BT 396.67 564.50 Td (of ) Tj ET Q q 0 0 0 rg BT 405.22 564.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 422.42 564.50 Td (units. ) Tj ET Q q 0 0 0 rg BT 443.09 564.50 Td (Changes ) Tj ET Q q 0 0 0 rg BT 476.32 564.50 Td (in ) Tj ET Q q 0 0 0 rg BT 484.43 564.50 Td (the ) Tj ET Q q 0 0 0 rg BT 497.31 564.50 Td (measurement ) Tj ET Q q 0 0 0 rg BT 546.99 564.50 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 81.18 553.10 Td (units ) Tj ET Q q 0 0 0 rg BT 99.81 553.10 Td (is ) Tj ET Q q 0 0 0 rg BT 107.60 553.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 140.51 553.10 Td (as ) Tj ET Q q 0 0 0 rg BT 150.91 553.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.41 553.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 174.30 553.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.39 553.10 Td (loss.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 535.70 Td (As ) Tj ET Q q 0 0 0 rg BT 61.26 535.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 69.92 535.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 123.20 535.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 140.53 535.70 Td (, ) Tj ET Q q 0 0 0 rg BT 144.86 535.70 Td (the ) Tj ET Q q 0 0 0 rg BT 157.86 535.70 Td (total ) Tj ET Q q 0 0 0 rg BT 174.75 535.70 Td (number ) Tj ET Q q 0 0 0 rg BT 203.33 535.70 Td (of ) Tj ET Q q 0 0 0 rg BT 212.00 535.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 243.18 535.70 Td (units ) Tj ET Q q 0 0 0 rg BT 261.80 535.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 304.26 535.70 Td (was ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 320.28 535.70 Td (34,618) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 344.10 535.70 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 518.30 Td (RELA) Tj ET Q q 0 0 0 rg BT 70.13 518.30 Td (TED ) Tj ET Q q 0 0 0 rg BT 87.87 518.30 Td (P) Tj ET Q q 0 0 0 rg BT 92.50 518.30 Td (ARTY) Tj ET Q q 0 0 0 rg BT 113.56 518.30 Td ( ) Tj ET Q q 0 0 0 rg BT 115.73 518.30 Td (TRANSACTIONS) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 500.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.44 500.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 83.04 500.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.56 500.90 Td (has ) Tj ET Q q 0 0 0 rg BT 100.63 500.90 Td (a ) Tj ET Q q 0 0 0 rg BT 107.47 500.90 Td (management ) Tj ET Q q 0 0 0 rg BT 155.46 500.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 195.21 500.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 211.15 500.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 261.23 500.90 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 307.04 500.90 Td (with ) Tj ET Q q 0 0 0 rg BT 323.40 500.90 Td (SMC, ) Tj ET Q q 0 0 0 rg BT 345.39 500.90 Td (a ) Tj ET Q q 0 0 0 rg BT 352.23 500.90 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 389.81 500.90 Td (of ) Tj ET Q q 0 0 0 rg BT 398.82 500.90 Td (Slate, ) Tj ET Q q 0 0 0 rg BT 421.26 500.90 Td (whereby ) Tj ET Q q 0 0 0 rg BT 453.21 500.90 Td (SMC ) Tj ET Q q 0 0 0 rg BT 473.03 500.90 Td (as ) Tj ET Q q 0 0 0 rg BT 483.77 500.90 Td (the ) Tj ET Q q 0 0 0 rg BT 497.11 500.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 522.76 500.90 Td (manager ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 489.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 83.05 489.50 Td (the ) Tj ET Q q 0 0 0 rg BT 97.98 489.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 115.59 489.50 Td ( ) Tj ET Q q 0 0 0 rg BT 119.69 489.50 Td (with ) Tj ET Q q 0 0 0 rg BT 137.65 489.50 Td (the ) Tj ET Q q 0 0 0 rg BT 152.58 489.50 Td (strategic, ) Tj ET Q q 0 0 0 rg BT 188.30 489.50 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 242.63 489.50 Td (property ) Tj ET Q q 0 0 0 rg BT 275.31 489.50 Td (management, ) Tj ET Q q 0 0 0 rg BT 327.05 489.50 Td (leasing, ) Tj ET Q q 0 0 0 rg BT 358.01 489.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 398.92 489.50 Td (and ) Tj ET Q q 0 0 0 rg BT 416.02 489.50 Td (disposition, ) Tj ET Q q 0 0 0 rg BT 459.10 489.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 494.39 489.50 Td (and ) Tj ET Q q 0 0 0 rg BT 511.49 489.50 Td (construction ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (management ) Tj ET Q q 0 0 0 rg BT 97.14 478.10 Td (services ) Tj ET Q q 0 0 0 rg BT 127.88 478.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 165.56 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.22 478.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 204.54 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.54 478.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 247.42 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.59 478.10 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 301.56 478.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 340.11 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.78 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.77 478.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 379.38 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 381.55 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.71 478.10 Td (its ) Tj ET Q q 0 0 0 rg BT 406.67 478.10 Td (assets. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 460.70 Td (Slate directly and indirectly held the following interests in the REIT) Tj ET Q q 0 0 0 rg BT 277.16 460.70 Td ( at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 287.99 460.70 Td (September30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 358.59 460.70 Td ( and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.93 460.70 Td (December31, 2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.35 460.70 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 450.2 m 394 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 436.2 m 394 436.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 450.2 m 474 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 436.2 m 474 436.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 450.2 m 554 450.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 436.2 m 554 436.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 436.2 m 554 436.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 408.2 m 394 408.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 408.2 m 474 408.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 408.2 m 554 408.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 380.2 m 394 380.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 380.2 m 474 380.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 380.2 m 554 380.2 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.70 440.73 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 440.73 Td (December 31, 2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 426.73 Td (REIT units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 431.85 426.73 Td (1,687,251) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.85 426.73 Td (1,687,251) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 412.73 Td (Class B LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 431.85 412.73 Td (5,285,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.85 412.73 Td (5,285,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 398.73 Td (Total) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 431.85 398.73 Td (6,972,411) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 511.85 398.73 Td (6,972,411) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 384.73 Td (Economic interest) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.35 384.73 Td (15.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 466.55 384.73 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.35 384.73 Td (19.7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 546.55 384.73 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 363.30 Td (Since ) Tj ET Q q 0 0 0 rg BT 71.43 363.30 Td (becoming ) Tj ET Q q 0 0 0 rg BT 107.66 363.30 Td (the ) Tj ET Q q 0 0 0 rg BT 120.93 363.30 Td (manager ) Tj ET Q q 0 0 0 rg BT 154.12 363.30 Td (of ) Tj ET Q q 0 0 0 rg BT 163.07 363.30 Td (the ) Tj ET Q q 0 0 0 rg BT 176.34 363.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 193.95 363.30 Td ( ) Tj ET Q q 0 0 0 rg BT 196.40 363.30 Td (in ) Tj ET Q q 0 0 0 rg BT 204.90 363.30 Td (late ) Tj ET Q q 0 0 0 rg BT 219.91 363.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 241.85 363.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 262.06 363.30 Td (has ) Tj ET Q q 0 0 0 rg BT 277.06 363.30 Td (been ) Tj ET Q q 0 0 0 rg BT 296.84 363.30 Td (the ) Tj ET Q q 0 0 0 rg BT 310.11 363.30 Td (largest ) Tj ET Q q 0 0 0 rg BT 335.94 363.30 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 372.60 363.30 Td (in ) Tj ET Q q 0 0 0 rg BT 381.11 363.30 Td (the ) Tj ET Q q 0 0 0 rg BT 394.39 363.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 411.27 363.30 Td (. ) Tj ET Q q 0 0 0 rg BT 415.40 363.30 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 455.10 363.30 Td (, ) Tj ET Q q 0 0 0 rg BT 459.71 363.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 479.91 363.30 Td (is ) Tj ET Q q 0 0 0 rg BT 487.98 363.30 Td (highly ) Tj ET Q q 0 0 0 rg BT 510.78 363.30 Td (motivated ) Tj ET Q q 0 0 0 rg BT 547.01 363.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 351.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 80.71 351.90 Td (to ) Tj ET Q q 0 0 0 rg BT 88.96 351.90 Td (grow ) Tj ET Q q 0 0 0 rg BT 107.60 351.90 Td (the ) Tj ET Q q 0 0 0 rg BT 120.18 351.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 158.32 351.90 Td (and ) Tj ET Q q 0 0 0 rg BT 173.07 351.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.41 351.90 Td (position ) Tj ET Q q 0 0 0 rg BT 232.02 351.90 Td (of ) Tj ET Q q 0 0 0 rg BT 240.27 351.90 Td (the ) Tj ET Q q 0 0 0 rg BT 252.85 351.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 270.46 351.90 Td ( ) Tj ET Q q 0 0 0 rg BT 272.22 351.90 Td (on ) Tj ET Q q 0 0 0 rg BT 282.64 351.90 Td (an ) Tj ET Q q 0 0 0 rg BT 293.06 351.90 Td (accretive ) Tj ET Q q 0 0 0 rg BT 325.99 351.90 Td (basis. ) Tj ET Q q 0 0 0 rg BT 347.99 351.90 Td (The ) Tj ET Q q 0 0 0 rg BT 363.16 351.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 410.05 351.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 449.91 351.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 481.11 351.90 Td (for ) Tj ET Q q 0 0 0 rg BT 491.95 351.90 Td (the ) Tj ET Q q 0 0 0 rg BT 504.54 351.90 Td (following ) Tj ET Q q 0 0 0 rg BT 536.60 351.90 Td (fees:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 341.4 m 143 341.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 326.4 m 143 326.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 143 341.4 m 152 341.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 143 326.4 m 152 326.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 341.4 m 334 341.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 152 326.4 m 334 326.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 341.4 m 342 341.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 334 326.4 m 342 326.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 341.4 m 554 341.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342 326.4 m 554 326.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 236.39999999999998 m 143 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 143 236.39999999999998 m 152 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152 236.39999999999998 m 334 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 236.39999999999998 m 342 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 236.39999999999998 m 554 236.39999999999998 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 330.93 Td (Type) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.70 330.93 Td (Basis) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 315.93 Td (Property management) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 496.35 315.93 Td (3% of revenues) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 300.93 Td (Asset management) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 463.00 300.93 Td (0.3% of gross book value) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 285.93 Td (Leasing) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.15 285.93 Td (5% on new leases, 2% on renewals ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 544.31 288.36 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 270.93 Td (Financing) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.25 270.93 Td (0.25% of debt placed) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 255.93 Td (Construction) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 503.70 255.93 Td (5.0% of costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 240.93 Td (Acquisition) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 514.10 240.93 Td (V) Tj ET Q q 0 0 0 rg BT 518.73 240.93 Td (ariable ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 544.28 243.36 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 224.90 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 58.80 224.90 Td (Leasing ) Tj ET Q q 0 0 0 rg BT 82.13 224.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 95.54 224.90 Td (are ) Tj ET Q q 0 0 0 rg BT 106.21 224.90 Td (charged ) Tj ET Q q 0 0 0 rg BT 130.22 224.90 Td (to ) Tj ET Q q 0 0 0 rg BT 137.14 224.90 Td (the ) Tj ET Q q 0 0 0 rg BT 147.48 224.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 161.38 224.90 Td ( ) Tj ET Q q 0 0 0 rg BT 163.16 224.90 Td (net ) Tj ET Q q 0 0 0 rg BT 173.50 224.90 Td (of ) Tj ET Q q 0 0 0 rg BT 180.41 224.90 Td (any ) Tj ET Q q 0 0 0 rg BT 192.12 224.90 Td (third ) Tj ET Q q 0 0 0 rg BT 205.86 224.90 Td (party ) Tj ET Q q 0 0 0 rg BT 221.32 224.90 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 250.80 224.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 264.21 224.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 277.63 224.90 Td (to ) Tj ET Q q 0 0 0 rg BT 284.54 224.90 Td (leasing ) Tj ET Q q 0 0 0 rg BT 305.82 224.90 Td (agents ) Tj ET Q q 0 0 0 rg BT 326.07 224.90 Td (retained ) Tj ET Q q 0 0 0 rg BT 350.08 224.90 Td (by ) Tj ET Q q 0 0 0 rg BT 358.36 224.90 Td (the ) Tj ET Q q 0 0 0 rg BT 368.70 224.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 382.02 224.90 Td (. ) Tj ET Q q 0 0 0 rg BT 385.52 224.90 Td (No ) Tj ET Q q 0 0 0 rg BT 395.16 224.90 Td (fee ) Tj ET Q q 0 0 0 rg BT 405.50 224.90 Td (is ) Tj ET Q q 0 0 0 rg BT 411.73 224.90 Td (charged ) Tj ET Q q 0 0 0 rg BT 435.74 224.90 Td (to ) Tj ET Q q 0 0 0 rg BT 442.65 224.90 Td (the ) Tj ET Q q 0 0 0 rg BT 452.99 224.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 466.89 224.90 Td ( ) Tj ET Q q 0 0 0 rg BT 468.67 224.90 Td (where ) Tj ET Q q 0 0 0 rg BT 487.21 224.90 Td (such ) Tj ET Q q 0 0 0 rg BT 501.98 224.90 Td (third ) Tj ET Q q 0 0 0 rg BT 515.73 224.90 Td (party ) Tj ET Q q 0 0 0 rg BT 531.19 224.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 544.60 224.90 Td (are ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 215.90 Td (equal ) Tj ET Q q 0 0 0 rg BT 66.26 215.90 Td (to ) Tj ET Q q 0 0 0 rg BT 73.10 215.90 Td (or ) Tj ET Q q 0 0 0 rg BT 80.28 215.90 Td (greater ) Tj ET Q q 0 0 0 rg BT 101.48 215.90 Td (than ) Tj ET Q q 0 0 0 rg BT 115.16 215.90 Td (the ) Tj ET Q q 0 0 0 rg BT 125.42 215.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 141.83 215.90 Td (fee ) Tj ET Q q 0 0 0 rg BT 152.09 215.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 175.35 215.90 Td (to ) Tj ET Q q 0 0 0 rg BT 182.19 215.90 Td (SMC.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 206.90 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 58.39 206.90 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 89.84 206.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 103.18 206.90 Td (are ) Tj ET Q q 0 0 0 rg BT 113.78 206.90 Td (1.0% ) Tj ET Q q 0 0 0 rg BT 129.51 206.90 Td (on ) Tj ET Q q 0 0 0 rg BT 138.06 206.90 Td (the ) Tj ET Q q 0 0 0 rg BT 148.32 206.90 Td (first ) Tj ET Q q 0 0 0 rg BT 159.94 206.90 Td ($100 ) Tj ET Q q 0 0 0 rg BT 175.34 206.90 Td (million ) Tj ET Q q 0 0 0 rg BT 194.48 206.90 Td (of ) Tj ET Q q 0 0 0 rg BT 201.32 206.90 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 236.88 206.90 Td (0.75% ) Tj ET Q q 0 0 0 rg BT 256.03 206.90 Td (on ) Tj ET Q q 0 0 0 rg BT 264.58 206.90 Td (the ) Tj ET Q q 0 0 0 rg BT 274.84 206.90 Td (next ) Tj ET Q q 0 0 0 rg BT 288.18 206.90 Td ($100MM ) Tj ET Q q 0 0 0 rg BT 313.82 206.90 Td (of ) Tj ET Q q 0 0 0 rg BT 320.66 206.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 354.51 206.90 Td (and ) Tj ET Q q 0 0 0 rg BT 366.48 206.90 Td (0.50% ) Tj ET Q q 0 0 0 rg BT 385.63 206.90 Td (for ) Tj ET Q q 0 0 0 rg BT 394.52 206.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 428.37 206.90 Td (in ) Tj ET Q q 0 0 0 rg BT 434.87 206.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 455.72 206.90 Td (of ) Tj ET Q q 0 0 0 rg BT 462.56 206.90 Td ($200 ) Tj ET Q q 0 0 0 rg BT 477.96 206.90 Td (million. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 192.50 Td (For ) Tj ET Q q 0 0 0 rg BT 63.35 192.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 76.35 192.50 Td (three ) Tj ET Q q 0 0 0 rg BT 96.27 192.50 Td (and ) Tj ET Q q 0 0 0 rg BT 111.44 192.50 Td (nine ) Tj ET Q q 0 0 0 rg BT 128.33 192.50 Td (months ) Tj ET Q q 0 0 0 rg BT 156.05 192.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 179.88 192.50 Td (September ) Tj ET Q q 0 0 0 rg BT 220.15 192.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 233.15 192.50 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.48 192.50 Td ( ) Tj ET Q q 0 0 0 rg BT 252.65 192.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 267.81 192.50 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 285.14 192.50 Td ( ) Tj ET Q q 0 0 0 rg BT 287.31 192.50 Td (the ) Tj ET Q q 0 0 0 rg BT 300.31 192.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 317.91 192.50 Td ( ) Tj ET Q q 0 0 0 rg BT 320.08 192.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 350.39 192.50 Td (the ) Tj ET Q q 0 0 0 rg BT 363.39 192.50 Td (following ) Tj ET Q q 0 0 0 rg BT 395.87 192.50 Td (fees ) Tj ET Q q 0 0 0 rg BT 412.76 192.50 Td (under ) Tj ET Q q 0 0 0 rg BT 434.85 192.50 Td (the ) Tj ET Q q 0 0 0 rg BT 447.85 192.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 495.06 192.50 Td (Agreement: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 182 m 234 182 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 182 m 314 182 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 182 m 394 182 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 182 m 474 182 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 182 m 554 182 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 154 m 234 154 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234 154 m 314 154 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314 154 m 394 154 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 154 m 474 154 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 154 m 554 154 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234 154 m 314 154 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314 154 m 394 154 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 154 m 474 154 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 154 m 554 154 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 101 m 234 101 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 88 m 234 88 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 234 101 m 314 101 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 88 m 314 88 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314 101 m 394 101 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 88 m 394 88 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 101 m 474 101 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 88 m 474 88 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 101 m 554 101 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 88 m 554 88 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 265.30 172.53 Td (Three months ended September 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.65 172.53 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 293.15 158.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.15 158.53 Td (2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.15 158.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.15 158.53 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 144.58 Td (Property management) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 244.50 144.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.90 144.58 Td (857) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 324.50 144.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.90 144.58 Td (857) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 404.50 144.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.40 144.58 Td (2,455) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 478.50 144.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 144.58 Td (1,628) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 131.58 Td (Asset management) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.90 131.58 Td (719) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.90 131.58 Td (603) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.40 131.58 Td (1,955) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 131.58 Td (1,315) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 118.53 Td (Leasing, financing, and construction management) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.90 118.53 Td (507) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.90 118.53 Td (172) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.40 118.53 Td (2,245) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 118.58 Td (1,651) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 104.58 Td (Acquisition) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 297.90 104.58 Td (588) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.20 104.58 Td (96) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.40 104.58 Td (1,437) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 104.58 Td (2,456) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 238.50 91.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.40 91.58 Td (2,671) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.50 91.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.40 91.58 Td (1,728) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 398.50 91.58 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.40 91.58 Td (8,092) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.50 91.58 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 91.58 Td (7,050) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 71.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 81.30 71.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 132.16 71.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 149.25 71.10 Td (are ) Tj ET Q q 0 0 0 rg BT 162.87 71.10 Td (allowable ) Tj ET Q q 0 0 0 rg BT 197.70 71.10 Td (under ) Tj ET Q q 0 0 0 rg BT 219.99 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.18 71.10 Td (tenants) Tj ET Q q 0 0 0 rg BT 260.18 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.54 71.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 287.43 71.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 315.34 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.19 71.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.08 71.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.36 71.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 394.93 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.79 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.98 71.10 Td (Manager ) Tj ET Q q 0 0 0 rg BT 450.08 71.10 Td (that ) Tj ET Q q 0 0 0 rg BT 465.44 71.10 Td (are ) Tj ET Q q 0 0 0 rg BT 479.06 71.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 506.10 71.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 547.01 71.10 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 59.70 Td (the ) Tj ET Q q 0 0 0 rg BT 61.92 59.70 Td (management ) Tj ET Q q 0 0 0 rg BT 108.97 59.70 Td (of ) Tj ET Q q 0 0 0 rg BT 117.05 59.70 Td (the ) Tj ET Q q 0 0 0 rg BT 129.47 59.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 148.81 59.70 Td (s ) Tj ET Q q 0 0 0 rg BT 154.29 59.70 Td (properties. ) Tj ET Q q 0 0 0 rg BT 192.68 59.70 Td (For ) Tj ET Q q 0 0 0 rg BT 205.95 59.70 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.36 59.70 Td (three ) Tj ET Q q 0 0 0 rg BT 237.71 59.70 Td (months ) Tj ET Q q 0 0 0 rg BT 264.84 59.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 288.09 59.70 Td (September ) Tj ET Q q 0 0 0 rg BT 327.78 59.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 340.19 59.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.52 59.70 Td (, ) Tj ET Q q 0 0 0 rg BT 361.27 59.70 Td (property ) Tj ET Q q 0 0 0 rg BT 391.43 59.70 Td (administration ) Tj ET Q q 0 0 0 rg BT 441.52 59.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 457.83 59.70 Td (were ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.29 59.70 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 493.04 59.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.12 59.70 Td (, ) Tj ET Q q 0 0 0 rg BT 518.87 59.70 Td (compared ) 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 (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 58.16 742.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 75.48 742.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 97.56 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.72 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 110.97 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.96 742.10 Td (same ) Tj ET Q q 0 0 0 rg BT 145.18 742.10 Td (period ) Tj ET Q q 0 0 0 rg BT 168.99 742.10 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 177.21 742.10 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 194.54 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.74 742.10 Td (These ) Tj ET Q q 0 0 0 rg BT 222.55 742.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 239.44 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 252.86 742.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 289.66 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 307.40 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.39 742.10 Td (tenants ) Tj ET Q q 0 0 0 rg BT 348.11 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 358.50 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.49 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 389.10 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.26 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.42 742.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 435.87 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 446.26 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.25 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 476.86 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.02 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.68 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.67 742.10 Td (Manager ) Tj ET Q q 0 0 0 rg BT 533.58 742.10 Td (under ) 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 (terms ) Tj ET Q q 0 0 0 rg BT 84.14 730.70 Td (of ) Tj ET Q q 0 0 0 rg BT 92.81 730.70 Td (the ) Tj ET Q q 0 0 0 rg BT 105.81 730.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 153.02 730.70 Td (Agreement. ) 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 74.75 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 89.61 713.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 120.92 713.30 Td (included ) Tj ET Q q 0 0 0 rg BT 151.81 713.30 Td (in ) Tj ET Q q 0 0 0 rg BT 159.73 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 172.43 713.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 218.04 713.30 Td (statement ) Tj ET Q q 0 0 0 rg BT 254.13 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 262.49 713.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.94 713.30 Td (position ) Tj ET Q q 0 0 0 rg BT 321.66 713.30 Td (of ) Tj ET Q q 0 0 0 rg BT 330.02 713.30 Td (the ) Tj ET Q q 0 0 0 rg BT 342.72 713.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 360.33 713.30 Td ( ) Tj ET Q q 0 0 0 rg BT 362.19 713.30 Td (related ) Tj ET Q q 0 0 0 rg BT 387.88 713.30 Td (to ) Tj ET Q q 0 0 0 rg BT 396.24 713.30 Td (SMC ) Tj ET Q q 0 0 0 rg BT 415.42 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 430.28 713.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 449.90 713.30 Td (as ) Tj ET Q q 0 0 0 rg BT 460.00 713.30 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.36 713.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 521.33 713.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 538.66 713.30 Td ( ) Tj ET Q q 0 0 0 rg BT 540.53 713.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 701.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 100.60 701.90 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 117.93 701.90 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 685.4 m 394 685.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 671.4 m 394 671.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 685.4 m 474 685.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 671.4 m 474 671.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 685.4 m 554 685.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 671.4 m 554 671.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 671.4 m 474 671.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 474 671.4 m 554 671.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 626.4 m 394 626.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 626.4 m 474 626.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 626.4 m 554 626.4 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.70 675.93 Td (September 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 482.05 675.93 Td (December 31, 2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 660.93 Td (Accounts receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.50 660.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.90 660.93 Td (728) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 476.50 660.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 660.93 Td (1,424) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 645.93 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.20 645.93 Td (20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 531.40 645.93 Td (2,748) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 630.93 Td (Class B LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.05 630.93 Td (44,501) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 527.05 630.93 Td (37,260) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 609.50 Td (On ) Tj ET Q q 0 0 0 rg BT 62.13 609.50 Td (October ) Tj ET Q q 0 0 0 rg BT 92.07 609.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 100.80 609.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 122.53 609.50 Td (the ) Tj ET Q q 0 0 0 rg BT 135.59 609.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 153.20 609.50 Td ( ) Tj ET Q q 0 0 0 rg BT 155.43 609.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 187.55 609.50 Td (2251 ) Tj ET Q q 0 0 0 rg BT 207.11 609.50 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 246.58 609.50 Td (Drive ) Tj ET Q q 0 0 0 rg BT 266.99 609.50 Td (from ) Tj ET Q q 0 0 0 rg BT 284.80 609.50 Td (Slate ) Tj ET Q q 0 0 0 rg BT 304.79 609.50 Td (and ) Tj ET Q q 0 0 0 rg BT 320.02 609.50 Td (on ) Tj ET Q q 0 0 0 rg BT 330.92 609.50 Td (September ) Tj ET Q q 0 0 0 rg BT 371.25 609.50 Td (8, ) Tj ET Q q 0 0 0 rg BT 379.98 609.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 401.71 609.50 Td (the ) Tj ET Q q 0 0 0 rg BT 414.77 609.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 432.38 609.50 Td ( ) Tj ET Q q 0 0 0 rg BT 434.61 609.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 466.73 609.50 Td (365 ) Tj ET Q q 0 0 0 rg BT 481.96 609.50 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 516.22 609.50 Td (from ) Tj ET Q q 0 0 0 rg BT 534.04 609.50 Td (SMC. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (For ) Tj ET Q q 0 0 0 rg BT 62.91 598.10 Td (each ) Tj ET Q q 0 0 0 rg BT 81.54 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.77 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.33 598.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 144.77 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.00 598.10 Td (2251 ) Tj ET Q q 0 0 0 rg BT 172.06 598.10 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 211.03 598.10 Td (Drive ) Tj ET Q q 0 0 0 rg BT 230.93 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.66 598.10 Td (365 ) Tj ET Q q 0 0 0 rg BT 260.39 598.10 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 294.15 598.10 Td (no ) Tj ET Q q 0 0 0 rg BT 304.55 598.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 343.09 598.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 359.55 598.10 Td (were ) Tj ET Q q 0 0 0 rg BT 378.16 598.10 Td (charged ) Tj ET Q q 0 0 0 rg BT 408.04 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 418.00 598.10 Td (SMC. ) Tj ET Q q 0 0 0 rg BT 439.20 598.10 Td (SMC ) Tj ET Q q 0 0 0 rg BT 458.24 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.96 598.10 Td (Slate ) Tj ET Q q 0 0 0 rg BT 492.45 598.10 Td (have ) Tj ET Q q 0 0 0 rg BT 511.07 598.10 Td (not ) Tj ET Q q 0 0 0 rg BT 523.64 598.10 Td (provided ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 586.70 Td (any ) Tj ET Q q 0 0 0 rg BT 64.23 586.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 99.31 586.70 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 140.46 586.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 149.12 586.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 202.39 586.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 219.72 586.70 Td ( ) Tj ET Q q 0 0 0 rg BT 221.89 586.70 Td (\() Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.48 586.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 275.58 586.70 Td (2015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.91 586.70 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 295.08 586.70 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.83 586.70 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 301.99 586.70 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 319.32 586.70 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.40 586.70 Td (\). ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 49.50 566.30 Td (P) Tj ET Q q 0 0 0 rg BT 55.34 566.30 Td (ART V - ) Tj ET Q q 0 0 0 rg BT 93.25 566.30 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 162.30 566.30 Td (AND CONTROL) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 548.90 Td (CRITCIAL) Tj ET Q q 0 0 0 rg BT 86.21 548.90 Td ( ) Tj ET Q q 0 0 0 rg BT 88.09 548.90 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 143.04 548.90 Td (ESTIMA) Tj ET Q q 0 0 0 rg BT 171.90 548.90 Td (TES) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 531.50 Td (The ) Tj ET Q q 0 0 0 rg BT 65.57 531.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 83.18 531.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.33 531.50 Td (has ) Tj ET Q q 0 0 0 rg BT 100.03 531.50 Td (identified ) Tj ET Q q 0 0 0 rg BT 133.37 531.50 Td (the ) Tj ET Q q 0 0 0 rg BT 146.35 531.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 177.94 531.50 Td (of ) Tj ET Q q 0 0 0 rg BT 186.58 531.50 Td (the ) Tj ET Q q 0 0 0 rg BT 199.56 531.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 212.53 531.50 Td (value ) Tj ET Q q 0 0 0 rg BT 233.30 531.50 Td (of ) Tj ET Q q 0 0 0 rg BT 241.95 531.50 Td (its ) Tj ET Q q 0 0 0 rg BT 251.89 531.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 288.68 531.50 Td (as ) Tj ET Q q 0 0 0 rg BT 299.05 531.50 Td (a ) Tj ET Q q 0 0 0 rg BT 305.53 531.50 Td (critical ) Tj ET Q q 0 0 0 rg BT 329.76 531.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 369.59 531.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 401.18 531.50 Td (due ) Tj ET Q q 0 0 0 rg BT 416.32 531.50 Td (to ) Tj ET Q q 0 0 0 rg BT 424.97 531.50 Td (the ) Tj ET Q q 0 0 0 rg BT 437.95 531.50 Td (significance ) Tj ET Q q 0 0 0 rg BT 480.80 531.50 Td (of ) Tj ET Q q 0 0 0 rg BT 489.45 531.50 Td (the ) Tj ET Q q 0 0 0 rg BT 502.43 531.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 534.02 531.50 Td (to ) Tj ET Q q 0 0 0 rg BT 542.67 531.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 75.02 520.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 105.49 520.10 Td (position ) Tj ET Q q 0 0 0 rg BT 134.23 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.11 520.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 173.95 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.33 520.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 213.68 520.10 Td (on ) Tj ET Q q 0 0 0 rg BT 224.23 520.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 236.94 520.10 Td (value ) Tj ET Q q 0 0 0 rg BT 257.45 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.83 520.10 Td (net ) Tj ET Q q 0 0 0 rg BT 278.55 520.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 307.72 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.60 520.10 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 347.86 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.58 520.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 373.29 520.10 Td (value ) Tj ET Q q 0 0 0 rg BT 393.80 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.19 520.10 Td (real ) Tj ET Q q 0 0 0 rg BT 417.06 520.10 Td (property ) Tj ET Q q 0 0 0 rg BT 447.53 520.10 Td (is ) Tj ET Q q 0 0 0 rg BT 455.04 520.10 Td (characterized ) Tj ET Q q 0 0 0 rg BT 503.69 520.10 Td (by ) Tj ET Q q 0 0 0 rg BT 513.81 520.10 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 551.35 520.10 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 508.70 Td (both ) Tj ET Q q 0 0 0 rg BT 67.84 508.70 Td (in ) Tj ET Q q 0 0 0 rg BT 76.59 508.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 98.75 508.70 Td (of ) Tj ET Q q 0 0 0 rg BT 107.93 508.70 Td (dif) Tj ET Q q 0 0 0 rg BT 116.02 508.70 Td (ferences ) Tj ET Q q 0 0 0 rg BT 148.59 508.70 Td (between ) Tj ET Q q 0 0 0 rg BT 180.72 508.70 Td (dif) Tj ET Q q 0 0 0 rg BT 188.81 508.70 Td (ferent ) Tj ET Q q 0 0 0 rg BT 211.42 508.70 Td (methods ) Tj ET Q q 0 0 0 rg BT 243.98 508.70 Td (of ) Tj ET Q q 0 0 0 rg BT 253.16 508.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 287.03 508.70 Td (but ) Tj ET Q q 0 0 0 rg BT 300.54 508.70 Td (also ) Tj ET Q q 0 0 0 rg BT 317.51 508.70 Td (in ) Tj ET Q q 0 0 0 rg BT 326.26 508.70 Td (the ) Tj ET Q q 0 0 0 rg BT 339.77 508.70 Td (selection ) Tj ET Q q 0 0 0 rg BT 373.20 508.70 Td (of ) Tj ET Q q 0 0 0 rg BT 382.38 508.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 428.80 508.70 Td (to ) Tj ET Q q 0 0 0 rg BT 437.98 508.70 Td (reflect ) Tj ET Q q 0 0 0 rg BT 461.88 508.70 Td (the ) Tj ET Q q 0 0 0 rg BT 475.39 508.70 Td (property ) Tj ET Q q 0 0 0 rg BT 506.65 508.70 Td (being ) Tj ET Q q 0 0 0 rg BT 528.39 508.70 Td (valued, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 497.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 75.51 497.30 Td (of ) Tj ET Q q 0 0 0 rg BT 84.14 497.30 Td (which ) Tj ET Q q 0 0 0 rg BT 106.19 497.30 Td (are ) Tj ET Q q 0 0 0 rg BT 119.58 497.30 Td (subjective. ) Tj ET Q q 0 0 0 rg BT 158.39 497.30 Td (There ) Tj ET Q q 0 0 0 rg BT 180.87 497.30 Td (is ) Tj ET Q q 0 0 0 rg BT 188.63 497.30 Td (no ) Tj ET Q q 0 0 0 rg BT 199.42 497.30 Td (assurance ) Tj ET Q q 0 0 0 rg BT 237.50 497.30 Td (that ) Tj ET Q q 0 0 0 rg BT 252.63 497.30 Td (Management's, ) Tj ET Q q 0 0 0 rg BT 307.79 497.30 Td (or ) Tj ET Q q 0 0 0 rg BT 316.84 497.30 Td (a ) Tj ET Q q 0 0 0 rg BT 323.31 497.30 Td (third-party's, ) Tj ET Q q 0 0 0 rg BT 368.06 497.30 Td (estimate ) Tj ET Q q 0 0 0 rg BT 399.64 497.30 Td (of ) Tj ET Q q 0 0 0 rg BT 408.27 497.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 421.22 497.30 Td (value ) Tj ET Q q 0 0 0 rg BT 441.98 497.30 Td (would ) Tj ET Q q 0 0 0 rg BT 464.46 497.30 Td (be ) Tj ET Q q 0 0 0 rg BT 475.25 497.30 Td (realized ) Tj ET Q q 0 0 0 rg BT 504.66 497.30 Td (on ) Tj ET Q q 0 0 0 rg BT 515.46 497.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 531.88 497.30 Td (due ) Tj ET Q q 0 0 0 rg BT 547.01 497.30 Td (to ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 485.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.98 485.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 91.11 485.90 Td (and ) Tj ET Q q 0 0 0 rg BT 106.26 485.90 Td (unique ) Tj ET Q q 0 0 0 rg BT 131.80 485.90 Td (aspects ) Tj ET Q q 0 0 0 rg BT 160.80 485.90 Td (of ) Tj ET Q q 0 0 0 rg BT 169.45 485.90 Td (real ) Tj ET Q q 0 0 0 rg BT 184.58 485.90 Td (property) Tj ET Q q 0 0 0 rg BT 212.59 485.90 Td (, ) Tj ET Q q 0 0 0 rg BT 216.91 485.90 Td (including ) Tj ET Q q 0 0 0 rg BT 249.81 485.90 Td (their ) Tj ET Q q 0 0 0 rg BT 267.11 485.90 Td (location, ) Tj ET Q q 0 0 0 rg BT 298.28 485.90 Td (liquidity) Tj ET Q q 0 0 0 rg BT 323.69 485.90 Td (, ) Tj ET Q q 0 0 0 rg BT 328.01 485.90 Td (tenants ) Tj ET Q q 0 0 0 rg BT 355.72 485.90 Td (and ) Tj ET Q q 0 0 0 rg BT 370.86 485.90 Td (the ) Tj ET Q q 0 0 0 rg BT 383.84 485.90 Td (local ) Tj ET Q q 0 0 0 rg BT 402.01 485.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 432.31 485.90 Td (and ) Tj ET Q q 0 0 0 rg BT 447.46 485.90 Td (supply ) Tj ET Q q 0 0 0 rg BT 472.13 485.90 Td (of ) Tj ET Q q 0 0 0 rg BT 480.78 485.90 Td (competing ) Tj ET Q q 0 0 0 rg BT 518.87 485.90 Td (properties ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 474.50 Td (for ) Tj ET Q q 0 0 0 rg BT 61.26 474.50 Td (tenants. ) Tj ET Q q 0 0 0 rg BT 91.15 474.50 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.40 457.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 83.01 457.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.99 457.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 125.51 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.32 457.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 151.12 457.10 Td (value ) Tj ET Q q 0 0 0 rg BT 171.72 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.20 457.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 219.85 457.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 256.47 457.10 Td (based ) Tj ET Q q 0 0 0 rg BT 279.68 457.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 298.98 457.10 Td (either ) Tj ET Q q 0 0 0 rg BT 320.45 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.26 457.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 358.19 457.10 Td (income ) Tj ET Q q 0 0 0 rg BT 385.28 457.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 432.30 457.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 447.70 457.10 Td (method ) Tj ET Q q 0 0 0 rg BT 475.67 457.10 Td (or ) Tj ET Q q 0 0 0 rg BT 484.57 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.38 457.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 537.04 457.10 Td (cash ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 445.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 66.26 445.70 Td (method, ) Tj ET Q q 0 0 0 rg BT 96.82 445.70 Td (direct ) Tj ET Q q 0 0 0 rg BT 118.29 445.70 Td (comparison ) Tj ET Q q 0 0 0 rg BT 160.96 445.70 Td (approach ) Tj ET Q q 0 0 0 rg BT 195.86 445.70 Td (or ) Tj ET Q q 0 0 0 rg BT 205.19 445.70 Td (through ) Tj ET Q q 0 0 0 rg BT 234.03 445.70 Td (a ) Tj ET Q q 0 0 0 rg BT 240.77 445.70 Td (combination ) Tj ET Q q 0 0 0 rg BT 285.19 445.70 Td (of ) Tj ET Q q 0 0 0 rg BT 294.10 445.70 Td (methods. ) Tj ET Q q 0 0 0 rg BT 328.08 445.70 Td (All ) Tj ET Q q 0 0 0 rg BT 339.15 445.70 Td (methods ) Tj ET Q q 0 0 0 rg BT 371.44 445.70 Td (are ) Tj ET Q q 0 0 0 rg BT 385.11 445.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 419.13 445.70 Td (accepted ) Tj ET Q q 0 0 0 rg BT 453.16 445.70 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 487.18 445.70 Td (methodologies. ) Tj ET Q q 0 0 0 rg BT 542.43 445.70 Td (If ) Tj ET Q q 0 0 0 rg BT 549.18 445.70 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 434.30 Td (third ) Tj ET Q q 0 0 0 rg BT 67.22 434.30 Td (party ) Tj ET Q q 0 0 0 rg BT 86.62 434.30 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 120.30 434.30 Td (is ) Tj ET Q q 0 0 0 rg BT 127.99 434.30 Td (not ) Tj ET Q q 0 0 0 rg BT 140.90 434.30 Td (obtained ) Tj ET Q q 0 0 0 rg BT 172.86 434.30 Td (for ) Tj ET Q q 0 0 0 rg BT 184.02 434.30 Td (a ) Tj ET Q q 0 0 0 rg BT 190.42 434.30 Td (property) Tj ET Q q 0 0 0 rg BT 218.43 434.30 Td (, ) Tj ET Q q 0 0 0 rg BT 222.67 434.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 270.21 434.30 Td (uses ) Tj ET Q q 0 0 0 rg BT 288.74 434.30 Td (one ) Tj ET Q q 0 0 0 rg BT 303.80 434.30 Td (or ) Tj ET Q q 0 0 0 rg BT 312.80 434.30 Td (a ) Tj ET Q q 0 0 0 rg BT 319.20 434.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 363.28 434.30 Td (of ) Tj ET Q q 0 0 0 rg BT 371.85 434.30 Td (the ) Tj ET Q q 0 0 0 rg BT 384.75 434.30 Td (overall ) Tj ET Q q 0 0 0 rg BT 409.76 434.30 Td (income ) Tj ET Q q 0 0 0 rg BT 436.95 434.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 484.06 434.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 499.55 434.30 Td (method ) Tj ET Q q 0 0 0 rg BT 527.61 434.30 Td (and ) Tj ET Q q 0 0 0 rg BT 542.68 434.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 422.90 Td (discounted ) Tj ET Q q 0 0 0 rg BT 90.14 422.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 109.05 422.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 125.36 422.90 Td (method. ) Tj ET Q q 0 0 0 rg BT 155.96 422.90 Td (In ) Tj ET Q q 0 0 0 rg BT 164.92 422.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 190.76 422.90 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 243.00 422.90 Td (the ) Tj ET Q q 0 0 0 rg BT 256.29 422.90 Td (direct ) Tj ET Q q 0 0 0 rg BT 277.79 422.90 Td (comparison ) Tj ET Q q 0 0 0 rg BT 320.52 422.90 Td (approach ) Tj ET Q q 0 0 0 rg BT 355.46 422.90 Td (is ) Tj ET Q q 0 0 0 rg BT 363.54 422.90 Td (used ) Tj ET Q q 0 0 0 rg BT 382.88 422.90 Td (by ) Tj ET Q q 0 0 0 rg BT 393.57 422.90 Td (comparing ) Tj ET Q q 0 0 0 rg BT 432.39 422.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 469.49 422.90 Td (to ) Tj ET Q q 0 0 0 rg BT 478.44 422.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 503.40 422.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 540.50 422.90 Td (that ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 411.50 Td (have ) Tj ET Q q 0 0 0 rg BT 68.90 411.50 Td (sold, ) Tj ET Q q 0 0 0 rg BT 87.36 411.50 Td (but ) Tj ET Q q 0 0 0 rg BT 100.19 411.50 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 133.38 411.50 Td (for ) Tj ET Q q 0 0 0 rg BT 144.48 411.50 Td (dif) Tj ET Q q 0 0 0 rg BT 152.57 411.50 Td (ferences ) Tj ET Q q 0 0 0 rg BT 184.46 411.50 Td (in ) Tj ET Q q 0 0 0 rg BT 192.52 411.50 Td (the ) Tj ET Q q 0 0 0 rg BT 205.35 411.50 Td (nature, ) Tj ET Q q 0 0 0 rg BT 231.61 411.50 Td (location ) Tj ET Q q 0 0 0 rg BT 260.47 411.50 Td (and ) Tj ET Q q 0 0 0 rg BT 275.47 411.50 Td (other ) Tj ET Q q 0 0 0 rg BT 295.23 411.50 Td (relevant ) Tj ET Q q 0 0 0 rg BT 324.95 411.50 Td (considerations ) Tj ET Q q 0 0 0 rg BT 377.19 411.50 Td (of ) Tj ET Q q 0 0 0 rg BT 385.69 411.50 Td (the ) Tj ET Q q 0 0 0 rg BT 398.52 411.50 Td (properties. ) Tj ET Q q 0 0 0 rg BT 437.34 411.50 Td ( ) Tj ET Q q 0 0 0 rg BT 439.21 411.50 Td (The ) Tj ET Q q 0 0 0 rg BT 454.64 411.50 Td (valuation ) Tj ET Q q 0 0 0 rg BT 487.83 411.50 Td (methodology ) Tj ET Q q 0 0 0 rg BT 534.44 411.50 Td (used, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.09 400.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 103.27 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.93 400.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 164.77 400.10 Td (used, ) Tj ET Q q 0 0 0 rg BT 186.00 400.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.79 400.10 Td (based ) Tj ET Q q 0 0 0 rg BT 217.19 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 228.02 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.02 400.10 Td (applicability ) Tj ET Q q 0 0 0 rg BT 283.46 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.62 400.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 331.09 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.76 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.76 400.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 380.04 400.10 Td (approaches ) Tj ET Q q 0 0 0 rg BT 422.92 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.15 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.15 400.10 Td (context ) Tj ET Q q 0 0 0 rg BT 471.44 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.10 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.10 400.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 519.95 400.10 Td (property) Tj ET Q q 0 0 0 rg BT 547.96 400.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 380.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.93 380.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 77.26 380.70 Td (values ) Tj ET Q q 0 0 0 rg BT 101.29 380.70 Td (of ) Tj ET Q q 0 0 0 rg BT 109.30 380.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 148.48 380.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 184.63 380.70 Td (are ) Tj ET Q q 0 0 0 rg BT 197.40 380.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 233.54 380.70 Td (individually ) Tj ET Q q 0 0 0 rg BT 273.16 380.70 Td (without ) Tj ET Q q 0 0 0 rg BT 299.35 380.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 347.20 380.70 Td (to ) Tj ET Q q 0 0 0 rg BT 355.21 380.70 Td (their ) Tj ET Q q 0 0 0 rg BT 371.87 380.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 408.46 380.70 Td (value ) Tj ET Q q 0 0 0 rg BT 428.59 380.70 Td (on ) Tj ET Q q 0 0 0 rg BT 438.77 380.70 Td (a ) Tj ET Q q 0 0 0 rg BT 444.61 380.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 473.83 380.70 Td (basis. ) Tj ET Q q 0 0 0 rg BT 495.69 380.70 Td (No ) Tj ET Q q 0 0 0 rg BT 507.16 380.70 Td (consideration ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 369.30 Td (is ) Tj ET Q q 0 0 0 rg BT 58.08 369.30 Td (given ) Tj ET Q q 0 0 0 rg BT 79.16 369.30 Td (to ) Tj ET Q q 0 0 0 rg BT 88.11 369.30 Td (diversification ) Tj ET Q q 0 0 0 rg BT 137.76 369.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 167.50 369.30 Td (related ) Tj ET Q q 0 0 0 rg BT 193.77 369.30 Td (to ) Tj ET Q q 0 0 0 rg BT 202.73 369.30 Td (single ) Tj ET Q q 0 0 0 rg BT 225.53 369.30 Td (property ) Tj ET Q q 0 0 0 rg BT 256.56 369.30 Td (tenant ) Tj ET Q q 0 0 0 rg BT 280.68 369.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 295.25 369.30 Td (and ) Tj ET Q q 0 0 0 rg BT 310.70 369.30 Td (geography) Tj ET Q q 0 0 0 rg BT 346.94 369.30 Td (, ) Tj ET Q q 0 0 0 rg BT 351.56 369.30 Td (the ) Tj ET Q q 0 0 0 rg BT 364.85 369.30 Td (value ) Tj ET Q q 0 0 0 rg BT 385.92 369.30 Td (of ) Tj ET Q q 0 0 0 rg BT 394.88 369.30 Td (assembling ) Tj ET Q q 0 0 0 rg BT 436.73 369.30 Td (a ) Tj ET Q q 0 0 0 rg BT 443.52 369.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 473.69 369.30 Td (or ) Tj ET Q q 0 0 0 rg BT 483.07 369.30 Td (to ) Tj ET Q q 0 0 0 rg BT 492.02 369.30 Td (the ) Tj ET Q q 0 0 0 rg BT 505.30 369.30 Td (utilization ) Tj ET Q q 0 0 0 rg BT 540.23 369.30 Td (of ) Tj ET Q q 0 0 0 rg BT 549.19 369.30 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 357.90 Td (common ) Tj ET Q q 0 0 0 rg BT 81.84 357.90 Td (management ) Tj ET Q q 0 0 0 rg BT 129.27 357.90 Td (platform, ) Tj ET Q q 0 0 0 rg BT 161.54 357.90 Td (amongst ) Tj ET Q q 0 0 0 rg BT 193.39 357.90 Td (other ) Tj ET Q q 0 0 0 rg BT 213.11 357.90 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 244.14 357.90 Td (As ) Tj ET Q q 0 0 0 rg BT 255.20 357.90 Td (a ) Tj ET Q q 0 0 0 rg BT 261.49 357.90 Td (result, ) Tj ET Q q 0 0 0 rg BT 284.67 357.90 Td (the ) Tj ET Q q 0 0 0 rg BT 297.47 357.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 310.25 357.90 Td (value ) Tj ET Q q 0 0 0 rg BT 330.84 357.90 Td (of ) Tj ET Q q 0 0 0 rg BT 339.30 357.90 Td (the ) Tj ET Q q 0 0 0 rg BT 352.09 357.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 371.43 357.90 Td (s ) Tj ET Q q 0 0 0 rg BT 377.29 357.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 416.93 357.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 453.53 357.90 Td (taken ) Tj ET Q q 0 0 0 rg BT 474.56 357.90 Td (in ) Tj ET Q q 0 0 0 rg BT 482.58 357.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 519.63 357.90 Td (may ) Tj ET Q q 0 0 0 rg BT 536.31 357.90 Td (dif) Tj ET Q q 0 0 0 rg BT 544.41 357.90 Td (fer ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 346.50 Td (from ) Tj ET Q q 0 0 0 rg BT 67.75 346.50 Td (the ) Tj ET Q q 0 0 0 rg BT 80.75 346.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 93.74 346.50 Td (value ) Tj ET Q q 0 0 0 rg BT 114.53 346.50 Td (of ) Tj ET Q q 0 0 0 rg BT 123.19 346.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 163.04 346.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 199.84 346.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 236.65 346.50 Td (individually ) Tj ET Q q 0 0 0 rg BT 276.93 346.50 Td (in ) Tj ET Q q 0 0 0 rg BT 285.16 346.50 Td (the ) Tj ET Q q 0 0 0 rg BT 298.15 346.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 317.49 346.50 Td (s ) Tj ET Q q 0 0 0 rg BT 323.56 346.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 369.47 346.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 409.75 346.50 Td (of ) Tj ET Q q 0 0 0 rg BT 418.42 346.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 449.17 346.50 Td (position. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 327.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.59 327.10 Td (following ) Tj ET Q q 0 0 0 rg BT 98.07 327.10 Td (is ) Tj ET Q q 0 0 0 rg BT 105.86 327.10 Td (a ) Tj ET Q q 0 0 0 rg BT 112.36 327.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 146.56 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.22 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.22 327.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 221.06 327.10 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 262.21 327.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.61 327.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 320.25 327.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.91 327.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 360.53 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.52 327.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 386.51 327.10 Td (value ) Tj ET Q q 0 0 0 rg BT 407.30 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.97 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.97 327.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 454.27 327.10 Td (properties: ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 50.00 307.70 Td (Overall ) Tj ET Q q 0 0 0 rg BT 76.85 307.70 Td (income ) Tj ET Q q 0 0 0 rg BT 104.13 307.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 151.34 307.70 Td (approach) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 288.30 Td (The ) Tj ET Q q 0 0 0 rg BT 66.09 288.30 Td (overall ) Tj ET Q q 0 0 0 rg BT 91.70 288.30 Td (income ) Tj ET Q q 0 0 0 rg BT 119.48 288.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 167.19 288.30 Td (approach ) Tj ET Q q 0 0 0 rg BT 202.34 288.30 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 238.36 288.30 Td (a ) Tj ET Q q 0 0 0 rg BT 245.36 288.30 Td (property's ) Tj ET Q q 0 0 0 rg BT 282.00 288.30 Td (potential ) Tj ET Q q 0 0 0 rg BT 314.12 288.30 Td (to ) Tj ET Q q 0 0 0 rg BT 323.29 288.30 Td (generate ) Tj ET Q q 0 0 0 rg BT 356.71 288.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 375.83 288.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 396.24 288.30 Td (and ) Tj ET Q q 0 0 0 rg BT 411.91 288.30 Td (converts ) Tj ET Q q 0 0 0 rg BT 444.02 288.30 Td (those ) Tj ET Q q 0 0 0 rg BT 465.75 288.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 484.87 288.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 505.29 288.30 Td (into ) Tj ET Q q 0 0 0 rg BT 520.51 288.30 Td (a ) Tj ET Q q 0 0 0 rg BT 527.51 288.30 Td (present ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 276.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 72.28 276.90 Td ( ) Tj ET Q q 0 0 0 rg BT 73.77 276.90 Td (Generally) Tj ET Q q 0 0 0 rg BT 106.55 276.90 Td (, ) Tj ET Q q 0 0 0 rg BT 110.21 276.90 Td (the ) Tj ET Q q 0 0 0 rg BT 122.53 276.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 140.14 276.90 Td ( ) Tj ET Q q 0 0 0 rg BT 141.63 276.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 176.47 276.90 Td (a ) Tj ET Q q 0 0 0 rg BT 182.29 276.90 Td (stabilized ) Tj ET Q q 0 0 0 rg BT 216.26 276.90 Td (net ) Tj ET Q q 0 0 0 rg BT 228.59 276.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 262.56 276.90 Td (income ) Tj ET Q q 0 0 0 rg BT 289.17 276.90 Td (and ) Tj ET Q q 0 0 0 rg BT 303.66 276.90 Td (applies ) Tj ET Q q 0 0 0 rg BT 329.84 276.90 Td (a ) Tj ET Q q 0 0 0 rg BT 335.66 276.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 382.20 276.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 397.11 276.90 Td (to ) Tj ET Q q 0 0 0 rg BT 405.10 276.90 Td (that ) Tj ET Q q 0 0 0 rg BT 419.59 276.90 Td (income ) Tj ET Q q 0 0 0 rg BT 446.20 276.90 Td (to ) Tj ET Q q 0 0 0 rg BT 454.19 276.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 485.13 276.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 497.44 276.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 519.73 276.90 Td (Stabilized ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 265.50 Td (net ) Tj ET Q q 0 0 0 rg BT 63.08 265.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 97.82 265.50 Td (income ) Tj ET Q q 0 0 0 rg BT 125.19 265.50 Td (is ) Tj ET Q q 0 0 0 rg BT 133.07 265.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 174.29 265.50 Td (as ) Tj ET Q q 0 0 0 rg BT 184.77 265.50 Td (the ) Tj ET Q q 0 0 0 rg BT 197.86 265.50 Td (property's ) Tj ET Q q 0 0 0 rg BT 234.08 265.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 265.79 265.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 287.09 265.50 Td (income ) Tj ET Q q 0 0 0 rg BT 314.46 265.50 Td (that ) Tj ET Q q 0 0 0 rg BT 329.71 265.50 Td (could ) Tj ET Q q 0 0 0 rg BT 350.58 265.50 Td (be ) Tj ET Q q 0 0 0 rg BT 361.50 265.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 398.84 265.50 Td (at ) Tj ET Q q 0 0 0 rg BT 407.59 265.50 Td (full ) Tj ET Q q 0 0 0 rg BT 419.80 265.50 Td (capacity) Tj ET Q q 0 0 0 rg BT 447.82 265.50 Td (, ) Tj ET Q q 0 0 0 rg BT 452.23 265.50 Td (less ) Tj ET Q q 0 0 0 rg BT 468.34 265.50 Td (a ) Tj ET Q q 0 0 0 rg BT 474.93 265.50 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 505.76 265.50 Td (and ) Tj ET Q q 0 0 0 rg BT 521.01 265.50 Td (collection ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (allowance. ) Tj ET Q q 0 0 0 rg BT 88.15 254.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.00 254.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 149.48 254.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 164.33 254.10 Td (used ) Tj ET Q q 0 0 0 rg BT 182.66 254.10 Td (is ) Tj ET Q q 0 0 0 rg BT 189.71 254.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 216.69 254.10 Td (from ) Tj ET Q q 0 0 0 rg BT 233.71 254.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 263.28 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.21 254.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 313.35 254.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 332.97 254.10 Td (data ) Tj ET Q q 0 0 0 rg BT 349.56 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.99 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.25 254.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 402.80 254.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 444.07 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.00 254.10 Td (other ) Tj ET Q q 0 0 0 rg BT 471.19 254.10 Td (properties' ) Tj ET Q q 0 0 0 rg BT 508.75 254.10 Td (net ) Tj ET Q q 0 0 0 rg BT 521.01 254.10 Td (operating ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 242.70 Td (incomes ) Tj ET Q q 0 0 0 rg BT 81.50 242.70 Td (over ) Tj ET Q q 0 0 0 rg BT 99.14 242.70 Td (their ) Tj ET Q q 0 0 0 rg BT 116.79 242.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 133.57 242.70 Td (price. ) Tj ET Q q 0 0 0 rg BT 155.11 242.70 Td (In ) Tj ET Q q 0 0 0 rg BT 164.09 242.70 Td (many ) Tj ET Q q 0 0 0 rg BT 185.63 242.70 Td (cases, ) Tj ET Q q 0 0 0 rg BT 210.64 242.70 Td (industry ) Tj ET Q q 0 0 0 rg BT 240.41 242.70 Td (surveys ) Tj ET Q q 0 0 0 rg BT 269.74 242.70 Td (are ) Tj ET Q q 0 0 0 rg BT 283.49 242.70 Td (available ) Tj ET Q q 0 0 0 rg BT 316.73 242.70 Td (that ) Tj ET Q q 0 0 0 rg BT 332.22 242.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 360.25 242.70 Td (indicative ) Tj ET Q q 0 0 0 rg BT 395.22 242.70 Td (ranges ) Tj ET Q q 0 0 0 rg BT 421.53 242.70 Td (of ) Tj ET Q q 0 0 0 rg BT 430.52 242.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 478.05 242.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 497.86 242.70 Td (for ) Tj ET Q q 0 0 0 rg BT 509.44 242.70 Td (recently ) Tj ET Q q 0 0 0 rg BT 539.21 242.70 Td (sold ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 231.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 86.81 231.30 Td (or ) Tj ET Q q 0 0 0 rg BT 95.90 231.30 Td (views ) Tj ET Q q 0 0 0 rg BT 117.55 231.30 Td (on ) Tj ET Q q 0 0 0 rg BT 128.38 231.30 Td (value, ) Tj ET Q q 0 0 0 rg BT 151.33 231.30 Td (however) Tj ET Q q 0 0 0 rg BT 180.35 231.30 Td (, ) Tj ET Q q 0 0 0 rg BT 184.68 231.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 210.23 231.30 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 254.41 231.30 Td (are ) Tj ET Q q 0 0 0 rg BT 267.83 231.30 Td (required ) Tj ET Q q 0 0 0 rg BT 298.58 231.30 Td (to ) Tj ET Q q 0 0 0 rg BT 307.25 231.30 Td (adjust ) Tj ET Q q 0 0 0 rg BT 330.20 231.30 Td (for ) Tj ET Q q 0 0 0 rg BT 341.46 231.30 Td (the ) Tj ET Q q 0 0 0 rg BT 354.46 231.30 Td (specific ) Tj ET Q q 0 0 0 rg BT 382.61 231.30 Td (nature, ) Tj ET Q q 0 0 0 rg BT 409.03 231.30 Td (location ) Tj ET Q q 0 0 0 rg BT 438.05 231.30 Td (and ) Tj ET Q q 0 0 0 rg BT 453.22 231.30 Td (quality ) Tj ET Q q 0 0 0 rg BT 477.90 231.30 Td (of ) Tj ET Q q 0 0 0 rg BT 486.57 231.30 Td (properties. ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 50.00 211.90 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 91.14 211.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 109.77 211.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 125.78 211.90 Td (method) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 192.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 73.56 192.50 Td (the ) Tj ET Q q 0 0 0 rg BT 86.73 192.50 Td (discounted ) Tj ET Q q 0 0 0 rg BT 126.76 192.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 145.56 192.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 161.76 192.50 Td (method, ) Tj ET Q q 0 0 0 rg BT 192.26 192.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 205.42 192.50 Td (values ) Tj ET Q q 0 0 0 rg BT 230.29 192.50 Td (are ) Tj ET Q q 0 0 0 rg BT 243.89 192.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 275.67 192.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 316.98 192.50 Td (by ) Tj ET Q q 0 0 0 rg BT 327.56 192.50 Td (discounting ) Tj ET Q q 0 0 0 rg BT 369.32 192.50 Td (the ) Tj ET Q q 0 0 0 rg BT 382.49 192.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 416.46 192.50 Td (future ) Tj ET Q q 0 0 0 rg BT 438.73 192.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 457.53 192.50 Td (flows, ) Tj ET Q q 0 0 0 rg BT 479.79 192.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 513.75 192.50 Td (over ) Tj ET Q q 0 0 0 rg BT 531.25 192.50 Td (a ) Tj ET Q q 0 0 0 rg BT 537.92 192.50 Td (term ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.36 181.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 68.88 181.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 91.95 181.10 Td (including ) Tj ET Q q 0 0 0 rg BT 124.56 181.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.75 181.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 160.31 181.10 Td (value ) Tj ET Q q 0 0 0 rg BT 180.79 181.10 Td (based ) Tj ET Q q 0 0 0 rg BT 203.88 181.10 Td (on ) Tj ET Q q 0 0 0 rg BT 214.40 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.08 181.10 Td (application ) Tj ET Q q 0 0 0 rg BT 266.19 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.55 181.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.74 181.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 327.63 181.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 342.92 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.27 181.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 386.91 181.10 Td (year ) Tj ET Q q 0 0 0 rg BT 403.92 181.10 Td (1) Tj ET Q q 0 0 0 rg BT 407.68 181.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 413.87 181.10 Td (net ) Tj ET Q q 0 0 0 rg BT 426.56 181.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 460.90 181.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 490.04 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.89 181.10 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 540.52 181.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 169.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 81.96 169.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 102.22 169.70 Td (are ) Tj ET Q q 0 0 0 rg BT 116.42 169.70 Td (the ) Tj ET Q q 0 0 0 rg BT 130.19 169.70 Td (most ) Tj ET Q q 0 0 0 rg BT 150.01 169.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 187.60 169.70 Td (assumption ) Tj ET Q q 0 0 0 rg BT 230.38 169.70 Td (in ) Tj ET Q q 0 0 0 rg BT 239.38 169.70 Td (determining ) Tj ET Q q 0 0 0 rg BT 283.03 169.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 296.79 169.70 Td (value. ) Tj ET Q q 0 0 0 rg BT 320.33 169.70 Td (The ) Tj ET Q q 0 0 0 rg BT 336.70 169.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 354.31 169.70 Td ( ) Tj ET Q q 0 0 0 rg BT 357.25 169.70 Td (uses ) Tj ET Q q 0 0 0 rg BT 376.64 169.70 Td (leasing ) Tj ET Q q 0 0 0 rg BT 404.27 169.70 Td (history) Tj ET Q q 0 0 0 rg BT 426.65 169.70 Td (, ) Tj ET Q q 0 0 0 rg BT 431.75 169.70 Td (market ) Tj ET Q q 0 0 0 rg BT 458.50 169.70 Td (reports, ) Tj ET Q q 0 0 0 rg BT 487.85 169.70 Td (tenant ) Tj ET Q q 0 0 0 rg BT 512.46 169.70 Td (profiles ) Tj ET Q q 0 0 0 rg BT 540.51 169.70 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 158.30 Td (available ) Tj ET Q q 0 0 0 rg BT 82.92 158.30 Td (appraisals, ) Tj ET Q q 0 0 0 rg BT 122.76 158.30 Td (among ) Tj ET Q q 0 0 0 rg BT 148.75 158.30 Td (other ) Tj ET Q q 0 0 0 rg BT 168.67 158.30 Td (things, ) Tj ET Q q 0 0 0 rg BT 193.79 158.30 Td (in ) Tj ET Q q 0 0 0 rg BT 202.02 158.30 Td (determining ) Tj ET Q q 0 0 0 rg BT 244.90 158.30 Td (the ) Tj ET Q q 0 0 0 rg BT 257.89 158.30 Td (most ) Tj ET Q q 0 0 0 rg BT 276.95 158.30 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 318.52 158.30 Td (assumptions. ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 50.00 138.90 Td (Direct ) Tj ET Q q 0 0 0 rg BT 72.51 138.90 Td (comparison ) Tj ET Q q 0 0 0 rg BT 114.94 138.90 Td (approach) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 121.50 Td (This ) Tj ET Q q 0 0 0 rg BT 67.42 121.50 Td (approach ) Tj ET Q q 0 0 0 rg BT 102.60 121.50 Td (involves ) Tj ET Q q 0 0 0 rg BT 133.45 121.50 Td (comparing ) Tj ET Q q 0 0 0 rg BT 172.53 121.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 209.87 121.50 Td (similar ) Tj ET Q q 0 0 0 rg BT 235.07 121.50 Td (to ) Tj ET Q q 0 0 0 rg BT 244.27 121.50 Td (the ) Tj ET Q q 0 0 0 rg BT 257.81 121.50 Td (property ) Tj ET Q q 0 0 0 rg BT 289.09 121.50 Td (for ) Tj ET Q q 0 0 0 rg BT 300.88 121.50 Td (which ) Tj ET Q q 0 0 0 rg BT 323.49 121.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 337.02 121.50 Td (value ) Tj ET Q q 0 0 0 rg BT 358.34 121.50 Td (is ) Tj ET Q q 0 0 0 rg BT 366.67 121.50 Td (being ) Tj ET Q q 0 0 0 rg BT 388.43 121.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 424.91 121.50 Td (and ) Tj ET Q q 0 0 0 rg BT 440.61 121.50 Td (making ) Tj ET Q q 0 0 0 rg BT 468.43 121.50 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 513.13 121.50 Td (to ) Tj ET Q q 0 0 0 rg BT 522.33 121.50 Td (reconcile ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (dif) Tj ET Q q 0 0 0 rg BT 58.09 110.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 90.14 110.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.37 110.10 Td (size, ) Tj ET Q q 0 0 0 rg BT 116.56 110.10 Td (location, ) Tj ET Q q 0 0 0 rg BT 147.75 110.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 172.01 110.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.17 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.17 110.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 224.86 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.52 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.52 110.10 Td (property) Tj ET Q q 0 0 0 rg BT 274.53 110.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 92.70 Td (A) Tj ET Q q 0 0 0 rg BT 54.77 92.70 Td ( ) Tj ET Q q 0 0 0 rg BT 57.06 92.70 Td (summary ) Tj ET Q q 0 0 0 rg BT 91.38 92.70 Td (of ) Tj ET Q q 0 0 0 rg BT 100.17 92.70 Td (the ) Tj ET Q q 0 0 0 rg BT 113.29 92.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 150.22 92.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 196.25 92.70 Td (used ) Tj ET Q q 0 0 0 rg BT 215.43 92.70 Td (in ) Tj ET Q q 0 0 0 rg BT 223.79 92.70 Td (the ) Tj ET Q q 0 0 0 rg BT 236.91 92.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 262.33 92.70 Td (estimate ) Tj ET Q q 0 0 0 rg BT 294.06 92.70 Td (of ) Tj ET Q q 0 0 0 rg BT 302.85 92.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 315.96 92.70 Td (value ) Tj ET Q q 0 0 0 rg BT 336.88 92.70 Td (as ) Tj ET Q q 0 0 0 rg BT 347.40 92.70 Td (at ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 356.18 92.70 Td (September30, ) Tj ET Q q 0 0 0 rg BT 409.58 92.70 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.91 92.70 Td ( ) Tj ET Q q 0 0 0 rg BT 429.20 92.70 Td (is ) Tj ET Q q 0 0 0 rg BT 437.11 92.70 Td (included ) Tj ET Q q 0 0 0 rg BT 468.42 92.70 Td (on ) Tj ET Q q 0 0 0 rg BT 479.38 92.70 Td (page ) Tj ET Q q 0 0 0 rg BT 499.00 92.70 Td (7 ) Tj ET Q q 0 0 0 rg BT 505.62 92.70 Td (of ) Tj ET Q q 0 0 0 rg BT 514.41 92.70 Td (this ) Tj ET Q q 0 0 0 rg BT 528.82 92.70 Td (MD&A. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 81.30 Td (Changes ) Tj ET Q q 0 0 0 rg BT 83.33 81.30 Td (in ) Tj ET Q q 0 0 0 rg BT 91.54 81.30 Td (these ) Tj ET Q q 0 0 0 rg BT 112.75 81.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 158.64 81.30 Td (would ) Tj ET Q q 0 0 0 rg BT 181.14 81.30 Td (have ) Tj ET Q q 0 0 0 rg BT 200.18 81.30 Td (a ) Tj ET Q q 0 0 0 rg BT 206.67 81.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 243.46 81.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 268.56 81.30 Td (on ) Tj ET Q q 0 0 0 rg BT 279.38 81.30 Td (the ) Tj ET Q q 0 0 0 rg BT 292.36 81.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 317.64 81.30 Td (estimate ) Tj ET Q q 0 0 0 rg BT 349.24 81.30 Td (of ) Tj ET Q q 0 0 0 rg BT 357.88 81.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 370.86 81.30 Td (value, ) Tj ET Q q 0 0 0 rg BT 393.80 81.30 Td (which ) Tj ET Q q 0 0 0 rg BT 415.86 81.30 Td (can ) Tj ET Q q 0 0 0 rg BT 430.57 81.30 Td (be ) Tj ET Q q 0 0 0 rg BT 441.39 81.30 Td (impacted ) Tj ET Q q 0 0 0 rg BT 475.15 81.30 Td (by ) Tj ET Q q 0 0 0 rg BT 485.53 81.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 517.13 81.30 Td (in ) Tj ET Q q 0 0 0 rg BT 525.34 81.30 Td (demand ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 69.90 Td (for ) Tj ET Q q 0 0 0 rg BT 60.54 69.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 96.63 69.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 120.59 69.90 Td (to ) Tj ET Q q 0 0 0 rg BT 128.53 69.90 Td (those ) Tj ET Q q 0 0 0 rg BT 149.04 69.90 Td (owned ) Tj ET Q q 0 0 0 rg BT 173.45 69.90 Td (by ) Tj ET Q q 0 0 0 rg BT 183.12 69.90 Td (the ) Tj ET Q q 0 0 0 rg BT 195.40 69.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 212.28 69.90 Td (, ) Tj ET Q q 0 0 0 rg BT 215.90 69.90 Td (expectations ) Tj ET Q q 0 0 0 rg BT 261.10 69.90 Td (of ) Tj ET Q q 0 0 0 rg BT 269.05 69.90 Td (market ) Tj ET Q q 0 0 0 rg BT 294.31 69.90 Td (rents, ) Tj ET Q q 0 0 0 rg BT 315.24 69.90 Td (the ) Tj ET Q q 0 0 0 rg BT 327.52 69.90 Td (covenant ) Tj ET Q q 0 0 0 rg BT 360.60 69.90 Td (quality ) Tj ET Q q 0 0 0 rg BT 384.57 69.90 Td (of ) Tj ET Q q 0 0 0 rg BT 392.51 69.90 Td (tenants ) Tj ET Q q 0 0 0 rg BT 419.52 69.90 Td (and ) Tj ET Q q 0 0 0 rg BT 433.97 69.90 Td (the ) Tj ET Q q 0 0 0 rg BT 446.25 69.90 Td (general ) Tj ET Q q 0 0 0 rg BT 473.69 69.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 508.48 69.90 Td (environment. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 58.50 Td (Further) Tj ET Q q 0 0 0 rg BT 74.68 58.50 Td (, ) Tj ET Q q 0 0 0 rg BT 79.70 58.50 Td (these ) Tj ET Q q 0 0 0 rg BT 101.62 58.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 133.93 58.50 Td (can ) Tj ET Q q 0 0 0 rg BT 149.35 58.50 Td (occur ) Tj ET Q q 0 0 0 rg BT 171.25 58.50 Td (at ) Tj ET Q q 0 0 0 rg BT 180.61 58.50 Td (dif) Tj ET Q q 0 0 0 rg BT 188.70 58.50 Td (ferent ) Tj ET Q q 0 0 0 rg BT 211.48 58.50 Td (times ) Tj ET Q q 0 0 0 rg BT 232.95 58.50 Td (and ) Tj ET Q q 0 0 0 rg BT 248.80 58.50 Td (magnitudes ) Tj ET Q q 0 0 0 rg BT 291.94 58.50 Td (for ) Tj ET Q q 0 0 0 rg BT 303.88 58.50 Td (each ) Tj ET Q q 0 0 0 rg BT 323.63 58.50 Td (of ) Tj ET Q q 0 0 0 rg BT 332.99 58.50 Td (the ) Tj ET Q q 0 0 0 rg BT 346.67 58.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 372.66 58.50 Td (W) Tj ET Q q 0 0 0 rg BT 379.88 58.50 Td (estern, ) Tj ET Q q 0 0 0 rg BT 406.56 58.50 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 434.96 58.50 Td (and ) Tj ET Q q 0 0 0 rg BT 450.25 58.50 Td (Atlantic ) Tj ET Q q 0 0 0 rg BT 478.66 58.50 Td (regions ) Tj ET Q q 0 0 0 rg BT 507.06 58.50 Td (based ) Tj ET Q q 0 0 0 rg BT 531.14 58.50 Td (on ) Tj ET Q q 0 0 0 rg BT 542.66 58.50 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 89.84 47.10 Td (environments ) Tj ET Q q 0 0 0 rg BT 138.78 47.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.01 47.10 Td (each ) Tj ET Q q 0 0 0 rg BT 166.07 47.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.73 47.10 Td (their ) Tj ET Q q 0 0 0 rg BT 192.05 47.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 229.73 47.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 261.77 47.10 Td ( ) 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 42.95 Td (Page 30) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 54.00 749.10 Td (NEW ) Tj ET Q q 0 0 0 rg BT 74.05 749.10 Td (ACCOUNTING POLICIES ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 731.70 Td (The ) Tj ET Q q 0 0 0 rg BT 69.59 731.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 87.20 731.70 Td ( ) Tj ET Q q 0 0 0 rg BT 89.37 731.70 Td (adopted ) Tj ET Q q 0 0 0 rg BT 119.69 731.70 Td (the ) Tj ET Q q 0 0 0 rg BT 132.69 731.70 Td (following ) Tj ET Q q 0 0 0 rg BT 165.17 731.70 Td (new ) Tj ET Q q 0 0 0 rg BT 181.62 731.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 221.47 731.70 Td (policy ) Tj ET Q q 0 0 0 rg BT 243.56 731.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 279.51 731.70 Td (on ) Tj ET Q q 0 0 0 rg BT 290.35 731.70 Td (January ) Tj ET Q q 0 0 0 rg BT 320.23 731.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 328.89 731.70 Td (2016:) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 714.30 Td (IAS ) Tj ET Q q 0 0 0 rg BT 68.72 714.30 Td (1) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 73.06 714.30 Td (, ) Tj ET Q q 0 0 0 rg BT 77.39 714.30 Td (Presentation ) Tj ET Q q 0 0 0 rg BT 123.30 714.30 Td (of ) Tj ET Q q 0 0 0 rg BT 131.96 714.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 165.31 714.30 Td (Statements ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 206.89 714.30 Td (\("IAS ) Tj ET Q q 0 0 0 rg BT 226.97 714.30 Td (1"\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 696.90 Td (IAS ) Tj ET Q q 0 0 0 rg BT 69.60 696.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 76.98 696.90 Td (was ) Tj ET Q q 0 0 0 rg BT 93.88 696.90 Td (amended ) Tj ET Q q 0 0 0 rg BT 129.41 696.90 Td (to ) Tj ET Q q 0 0 0 rg BT 138.96 696.90 Td (clarify ) Tj ET Q q 0 0 0 rg BT 162.35 696.90 Td (guidance ) Tj ET Q q 0 0 0 rg BT 197.02 696.90 Td (on ) Tj ET Q q 0 0 0 rg BT 208.73 696.90 Td (materiality ) Tj ET Q q 0 0 0 rg BT 247.28 696.90 Td (and ) Tj ET Q q 0 0 0 rg BT 263.33 696.90 Td (aggregation, ) Tj ET Q q 0 0 0 rg BT 309.69 696.90 Td (the ) Tj ET Q q 0 0 0 rg BT 323.57 696.90 Td (presentation ) Tj ET Q q 0 0 0 rg BT 369.50 696.90 Td (of ) Tj ET Q q 0 0 0 rg BT 379.04 696.90 Td (subtotals, ) Tj ET Q q 0 0 0 rg BT 415.44 696.90 Td (the ) Tj ET Q q 0 0 0 rg BT 429.32 696.90 Td (structure ) Tj ET Q q 0 0 0 rg BT 462.68 696.90 Td (of ) Tj ET Q q 0 0 0 rg BT 472.22 696.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 503.85 696.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 545.01 696.90 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 685.50 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 91.24 685.50 Td (of ) Tj ET Q q 0 0 0 rg BT 99.91 685.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 139.76 685.50 Td (policies. ) Tj ET Q q 0 0 0 rg BT 169.94 685.50 Td (The ) Tj ET Q q 0 0 0 rg BT 185.53 685.50 Td (amendment ) Tj ET Q q 0 0 0 rg BT 228.84 685.50 Td (to ) Tj ET Q q 0 0 0 rg BT 237.50 685.50 Td (IAS ) Tj ET Q q 0 0 0 rg BT 252.23 685.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 258.72 685.50 Td (are ) Tj ET Q q 0 0 0 rg BT 272.15 685.50 Td (ef) Tj ET Q q 0 0 0 rg BT 278.51 685.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 303.20 685.50 Td (for ) Tj ET Q q 0 0 0 rg BT 314.46 685.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 340.02 685.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 367.74 685.50 Td (beginning ) Tj ET Q q 0 0 0 rg BT 403.69 685.50 Td (on ) Tj ET Q q 0 0 0 rg BT 414.52 685.50 Td (or ) Tj ET Q q 0 0 0 rg BT 423.62 685.50 Td (after ) Tj ET Q q 0 0 0 rg BT 441.37 685.50 Td (January ) Tj ET Q q 0 0 0 rg BT 471.26 685.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 479.92 685.50 Td (2016. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 668.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.59 668.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 116.79 668.10 Td (include ) Tj ET Q q 0 0 0 rg BT 143.65 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.65 668.10 Td (following ) Tj ET Q q 0 0 0 rg BT 189.12 668.10 Td (guidance:) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 650.70 Td (i. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 650.70 Td (the ) Tj ET Q q 0 0 0 rg BT 85.22 650.70 Td (entity ) Tj ET Q q 0 0 0 rg BT 106.23 650.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 124.63 650.70 Td (not ) Tj ET Q q 0 0 0 rg BT 137.85 650.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 175.32 650.70 Td (or ) Tj ET Q q 0 0 0 rg BT 184.63 650.70 Td (disaggregate ) Tj ET Q q 0 0 0 rg BT 232.06 650.70 Td (information ) Tj ET Q q 0 0 0 rg BT 272.98 650.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 310.45 650.70 Td (to ) Tj ET Q q 0 0 0 rg BT 319.33 650.70 Td (each ) Tj ET Q q 0 0 0 rg BT 338.61 650.70 Td (of ) Tj ET Q q 0 0 0 rg BT 347.50 650.70 Td (the ) Tj ET Q q 0 0 0 rg BT 360.71 650.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 389.06 650.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 420.03 650.70 Td (statements, ) Tj ET Q q 0 0 0 rg BT 462.70 650.70 Td (the ) Tj ET Q q 0 0 0 rg BT 475.91 650.70 Td (notes ) Tj ET Q q 0 0 0 rg BT 497.36 650.70 Td (and ) Tj ET Q q 0 0 0 rg BT 512.74 650.70 Td (each ) Tj ET Q q 0 0 0 rg BT 532.02 650.70 Td (specific ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 639.30 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 113.14 639.30 Td (required ) Tj ET Q q 0 0 0 rg BT 143.88 639.30 Td (by ) Tj ET Q q 0 0 0 rg BT 154.28 639.30 Td (IFRSs ) Tj ET Q q 0 0 0 rg BT 178.08 639.30 Td (in ) Tj ET Q q 0 0 0 rg BT 186.31 639.30 Td (a ) Tj ET Q q 0 0 0 rg BT 192.81 639.30 Td (manner ) Tj ET Q q 0 0 0 rg BT 221.39 639.30 Td (that ) Tj ET Q q 0 0 0 rg BT 236.56 639.30 Td (obscures ) Tj ET Q q 0 0 0 rg BT 270.34 639.30 Td (useful ) Tj ET Q q 0 0 0 rg BT 293.29 639.30 Td (information;) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 621.90 Td (ii. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 621.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 100.15 621.90 Td (line ) Tj ET Q q 0 0 0 rg BT 114.44 621.90 Td (items ) Tj ET Q q 0 0 0 rg BT 135.22 621.90 Td (in ) Tj ET Q q 0 0 0 rg BT 143.45 621.90 Td (the ) Tj ET Q q 0 0 0 rg BT 156.45 621.90 Td (primary ) Tj ET Q q 0 0 0 rg BT 184.59 621.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.34 621.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 255.62 621.90 Td (can ) Tj ET Q q 0 0 0 rg BT 270.34 621.90 Td (be ) Tj ET Q q 0 0 0 rg BT 281.17 621.90 Td (disaggregated;) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 604.50 Td (iii. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 604.50 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 604.50 Td (entity ) Tj ET Q q 0 0 0 rg BT 105.79 604.50 Td (has ) Tj ET Q q 0 0 0 rg BT 120.52 604.50 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 152.13 604.50 Td (in ) Tj ET Q q 0 0 0 rg BT 160.36 604.50 Td (the ) Tj ET Q q 0 0 0 rg BT 173.35 604.50 Td (order ) Tj ET Q q 0 0 0 rg BT 193.71 604.50 Td (of ) Tj ET Q q 0 0 0 rg BT 202.37 604.50 Td (the ) Tj ET Q q 0 0 0 rg BT 215.37 604.50 Td (notes ) Tj ET Q q 0 0 0 rg BT 236.60 604.50 Td (to ) Tj ET Q q 0 0 0 rg BT 245.26 604.50 Td (the ) Tj ET Q q 0 0 0 rg BT 258.26 604.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.01 604.50 Td (statements; ) Tj ET Q q 0 0 0 rg BT 331.46 604.50 Td (and) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 587.10 Td (iv) Tj ET Q q 0 0 0 rg BT 59.06 587.10 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 587.10 Td (an ) Tj ET Q q 0 0 0 rg BT 82.55 587.10 Td (entity's ) Tj ET Q q 0 0 0 rg BT 108.45 587.10 Td (share ) Tj ET Q q 0 0 0 rg BT 129.83 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.21 587.10 Td (other ) Tj ET Q q 0 0 0 rg BT 157.85 587.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 212.57 587.10 Td (income ) Tj ET Q q 0 0 0 rg BT 239.57 587.10 Td (from ) Tj ET Q q 0 0 0 rg BT 257.04 587.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 279.72 587.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 317.56 587.10 Td (associates ) Tj ET Q q 0 0 0 rg BT 356.26 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.14 587.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 387.32 587.10 Td (ventures ) Tj ET Q q 0 0 0 rg BT 419.09 587.10 Td (will ) Tj ET Q q 0 0 0 rg BT 431.79 587.10 Td (be ) Tj ET Q q 0 0 0 rg BT 442.34 587.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 478.88 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.83 587.10 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 525.97 587.10 Td (classified ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 575.70 Td (between ) Tj ET Q q 0 0 0 rg BT 103.62 575.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 135.67 575.70 Td (that ) Tj ET Q q 0 0 0 rg BT 150.83 575.70 Td (will ) Tj ET Q q 0 0 0 rg BT 163.81 575.70 Td (and ) Tj ET Q q 0 0 0 rg BT 178.98 575.70 Td (will ) Tj ET Q q 0 0 0 rg BT 191.96 575.70 Td (not ) Tj ET Q q 0 0 0 rg BT 204.95 575.70 Td (be ) Tj ET Q q 0 0 0 rg BT 215.79 575.70 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 256.92 575.70 Td (to ) Tj ET Q q 0 0 0 rg BT 265.59 575.70 Td (profit ) Tj ET Q q 0 0 0 rg BT 285.08 575.70 Td (and ) Tj ET Q q 0 0 0 rg BT 300.24 575.70 Td (loss.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 558.30 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 102.07 558.30 Td (to ) Tj ET Q q 0 0 0 rg BT 110.73 558.30 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 130.64 558.30 Td (1) Tj ET Q q 0 0 0 rg BT 134.40 558.30 Td (1, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 143.07 558.30 Td (Joint ) Tj ET Q q 0 0 0 rg BT 161.17 558.30 Td (Arrangements ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 212.27 558.30 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 237.53 558.30 Td (1) Tj ET Q q 0 0 0 rg BT 241.30 558.30 Td (1"\) ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 540.90 Td (The ) Tj ET Q q 0 0 0 rg BT 69.57 540.90 Td (amendments ) Tj ET Q q 0 0 0 rg BT 116.75 540.90 Td (to ) Tj ET Q q 0 0 0 rg BT 125.40 540.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 145.29 540.90 Td (1) Tj ET Q q 0 0 0 rg BT 149.05 540.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 155.53 540.90 Td (require ) Tj ET Q q 0 0 0 rg BT 181.92 540.90 Td (business ) Tj ET Q q 0 0 0 rg BT 214.82 540.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 258.98 540.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 298.81 540.90 Td (to ) Tj ET Q q 0 0 0 rg BT 307.45 540.90 Td (be ) Tj ET Q q 0 0 0 rg BT 318.27 540.90 Td (applied ) Tj ET Q q 0 0 0 rg BT 345.54 540.90 Td (to ) Tj ET Q q 0 0 0 rg BT 354.18 540.90 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 397.04 540.90 Td (of ) Tj ET Q q 0 0 0 rg BT 405.68 540.90 Td (interests ) Tj ET Q q 0 0 0 rg BT 437.28 540.90 Td (in ) Tj ET Q q 0 0 0 rg BT 445.49 540.90 Td (a ) Tj ET Q q 0 0 0 rg BT 451.96 540.90 Td (joint ) Tj ET Q q 0 0 0 rg BT 468.40 540.90 Td (operation ) Tj ET Q q 0 0 0 rg BT 503.04 540.90 Td (that ) Tj ET Q q 0 0 0 rg BT 518.18 540.90 Td (constitute ) Tj ET Q q 0 0 0 rg BT 553.68 540.90 Td (a ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 529.50 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.95 529.50 Td (The ) Tj ET Q q 0 0 0 rg BT 104.54 529.50 Td (amendments ) Tj ET Q q 0 0 0 rg BT 151.74 529.50 Td (apply ) Tj ET Q q 0 0 0 rg BT 172.53 529.50 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 220.17 529.50 Td (for ) Tj ET Q q 0 0 0 rg BT 231.43 529.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 256.99 529.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 284.71 529.50 Td (beginning ) Tj ET Q q 0 0 0 rg BT 320.66 529.50 Td (on ) Tj ET Q q 0 0 0 rg BT 331.49 529.50 Td (or ) Tj ET Q q 0 0 0 rg BT 340.58 529.50 Td (after ) Tj ET Q q 0 0 0 rg BT 358.34 529.50 Td (January ) Tj ET Q q 0 0 0 rg BT 388.22 529.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 396.89 529.50 Td (2016. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 54.00 512.10 Td (These ) Tj ET Q q 0 0 0 rg BT 77.82 512.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 125.02 512.10 Td (did ) Tj ET Q q 0 0 0 rg BT 137.59 512.10 Td (not ) Tj ET Q q 0 0 0 rg BT 150.58 512.10 Td (have ) Tj ET Q q 0 0 0 rg BT 169.64 512.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.14 512.10 Td (material ) Tj ET Q q 0 0 0 rg BT 206.02 512.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 231.13 512.10 Td (on ) Tj ET Q q 0 0 0 rg BT 241.96 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.96 512.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 280.26 512.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 326.18 512.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 356.93 512.10 Td (statements.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 49.50 488.70 Td (FUTURE ) Tj ET Q q 0 0 0 rg BT 82.96 488.70 Td (ACCOUNTING POLICIES ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 471.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.75 471.30 Td (IASB ) Tj ET Q q 0 0 0 rg BT 84.33 471.30 Td (has ) Tj ET Q q 0 0 0 rg BT 98.72 471.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 123.07 471.30 Td (the ) Tj ET Q q 0 0 0 rg BT 135.73 471.30 Td (following ) Tj ET Q q 0 0 0 rg BT 167.87 471.30 Td (new ) Tj ET Q q 0 0 0 rg BT 183.98 471.30 Td (standards ) Tj ET Q q 0 0 0 rg BT 220.03 471.30 Td (that ) Tj ET Q q 0 0 0 rg BT 234.85 471.30 Td (will ) Tj ET Q q 0 0 0 rg BT 247.50 471.30 Td (be ) Tj ET Q q 0 0 0 rg BT 257.99 471.30 Td (relevant ) Tj ET Q q 0 0 0 rg BT 287.53 471.30 Td (to ) Tj ET Q q 0 0 0 rg BT 295.86 471.30 Td (the ) Tj ET Q q 0 0 0 rg BT 308.52 471.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 326.13 471.30 Td ( ) Tj ET Q q 0 0 0 rg BT 327.96 471.30 Td (in ) Tj ET Q q 0 0 0 rg BT 335.85 471.30 Td (preparing ) Tj ET Q q 0 0 0 rg BT 370.59 471.30 Td (its ) Tj ET Q q 0 0 0 rg BT 380.21 471.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 425.79 471.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.20 471.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 496.14 471.30 Td (in ) Tj ET Q q 0 0 0 rg BT 504.03 471.30 Td (future ) Tj ET Q q 0 0 0 rg BT 525.78 471.30 Td (periods:) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 453.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 69.41 453.90 Td (9, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 78.08 453.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 111.42 453.90 Td (Instruments) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 152.12 453.90 Td ( ) Tj ET Q q 0 0 0 rg BT 154.29 453.90 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 179.56 453.90 Td (9"\) ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 436.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 69.74 436.50 Td (9, ) Tj ET Q q 0 0 0 rg BT 78.74 436.50 Td (which ) Tj ET Q q 0 0 0 rg BT 101.15 436.50 Td (replaces ) Tj ET Q q 0 0 0 rg BT 133.10 436.50 Td (IAS ) Tj ET Q q 0 0 0 rg BT 148.15 436.50 Td (39 ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 159.32 436.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 192.99 436.50 Td (Instruments: ) Tj ET Q q 0 0 0 rg BT 238.36 436.50 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 282.00 436.50 Td (and ) Tj ET Q q 0 0 0 rg BT 297.50 436.50 Td (Measurement) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 345.13 436.50 Td (, ) Tj ET Q q 0 0 0 rg BT 349.79 436.50 Td (establishes ) Tj ET Q q 0 0 0 rg BT 391.27 436.50 Td (principles ) Tj ET Q q 0 0 0 rg BT 426.68 436.50 Td (for ) Tj ET Q q 0 0 0 rg BT 438.27 436.50 Td (the ) Tj ET Q q 0 0 0 rg BT 451.60 436.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 482.68 436.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 515.93 436.50 Td (of ) Tj ET Q q 0 0 0 rg BT 524.92 436.50 Td (financial ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 74.24 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.46 425.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.27 425.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 151.94 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 167.16 425.10 Td (will ) Tj ET Q q 0 0 0 rg BT 180.19 425.10 Td (present ) Tj ET Q q 0 0 0 rg BT 208.40 425.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 238.34 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.56 425.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 276.58 425.10 Td (information ) Tj ET Q q 0 0 0 rg BT 317.34 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.06 425.10 Td (users ) Tj ET Q q 0 0 0 rg BT 347.33 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.06 425.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 386.86 425.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 427.20 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.51 425.10 Td (their ) Tj ET Q q 0 0 0 rg BT 455.89 425.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 499.69 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.41 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.46 425.10 Td (amounts, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 413.70 Td (timing ) Tj ET Q q 0 0 0 rg BT 72.47 413.70 Td (and ) Tj ET Q q 0 0 0 rg BT 87.65 413.70 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 127.95 413.70 Td (of ) Tj ET Q q 0 0 0 rg BT 136.63 413.70 Td (an ) Tj ET Q q 0 0 0 rg BT 147.48 413.70 Td (entity) Tj ET Q q 0 0 0 rg BT 167.70 413.70 Td (s ) Tj ET Q q 0 0 0 rg BT 173.79 413.70 Td (future ) Tj ET Q q 0 0 0 rg BT 195.90 413.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 214.54 413.70 Td (flows. ) Tj ET Q q 0 0 0 rg BT 236.64 413.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 260.04 413.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 279.97 413.70 Td (9, ) Tj ET Q q 0 0 0 rg BT 288.65 413.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.42 413.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 344.13 413.70 Td (are ) Tj ET Q q 0 0 0 rg BT 357.57 413.70 Td (classified ) Tj ET Q q 0 0 0 rg BT 391.80 413.70 Td (and ) Tj ET Q q 0 0 0 rg BT 406.99 413.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 443.81 413.70 Td (based ) Tj ET Q q 0 0 0 rg BT 467.23 413.70 Td (on ) Tj ET Q q 0 0 0 rg BT 478.08 413.70 Td (the ) Tj ET Q q 0 0 0 rg BT 491.09 413.70 Td (business ) Tj ET Q q 0 0 0 rg BT 524.03 413.70 Td (model ) Tj ET Q q 0 0 0 rg BT 547.43 413.70 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 402.30 Td (which ) Tj ET Q q 0 0 0 rg BT 71.32 402.30 Td (they ) Tj ET Q q 0 0 0 rg BT 87.95 402.30 Td (are ) Tj ET Q q 0 0 0 rg BT 101.11 402.30 Td (held ) Tj ET Q q 0 0 0 rg BT 117.74 402.30 Td (and ) Tj ET Q q 0 0 0 rg BT 132.64 402.30 Td (the ) Tj ET Q q 0 0 0 rg BT 145.37 402.30 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 197.06 402.30 Td (of ) Tj ET Q q 0 0 0 rg BT 205.46 402.30 Td (their ) Tj ET Q q 0 0 0 rg BT 222.52 402.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 240.88 402.30 Td (flows. ) Tj ET Q q 0 0 0 rg BT 262.70 402.30 Td (In ) Tj ET Q q 0 0 0 rg BT 271.10 402.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 302.46 402.30 Td (under ) Tj ET Q q 0 0 0 rg BT 324.28 402.30 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 343.93 402.30 Td (9 ) Tj ET Q q 0 0 0 rg BT 350.16 402.30 Td (for ) Tj ET Q q 0 0 0 rg BT 361.16 402.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 391.64 402.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 422.99 402.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 459.53 402.30 Td (at ) Tj ET Q q 0 0 0 rg BT 467.93 402.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 480.66 402.30 Td (value, ) Tj ET Q q 0 0 0 rg BT 503.35 402.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 534.71 402.30 Td (in ) Tj ET Q q 0 0 0 rg BT 542.67 402.30 Td (fair ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 390.90 Td (value ) Tj ET Q q 0 0 0 rg BT 70.13 390.90 Td (attributable ) Tj ET Q q 0 0 0 rg BT 110.68 390.90 Td (to ) Tj ET Q q 0 0 0 rg BT 119.18 390.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 150.64 390.90 Td (in ) Tj ET Q q 0 0 0 rg BT 158.71 390.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 179.76 390.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 193.88 390.90 Td (will ) Tj ET Q q 0 0 0 rg BT 206.70 390.90 Td (be ) Tj ET Q q 0 0 0 rg BT 217.37 390.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 257.48 390.90 Td (in ) Tj ET Q q 0 0 0 rg BT 265.55 390.90 Td (other ) Tj ET Q q 0 0 0 rg BT 285.31 390.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 340.15 390.90 Td (income, ) Tj ET Q q 0 0 0 rg BT 369.43 390.90 Td (with ) Tj ET Q q 0 0 0 rg BT 385.28 390.90 Td (the ) Tj ET Q q 0 0 0 rg BT 398.12 390.90 Td (remainder ) Tj ET Q q 0 0 0 rg BT 435.19 390.90 Td (of ) Tj ET Q q 0 0 0 rg BT 443.69 390.90 Td (the ) Tj ET Q q 0 0 0 rg BT 456.53 390.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 487.99 390.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 528.10 390.90 Td (in ) Tj ET Q q 0 0 0 rg BT 536.17 390.90 Td (profit ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 379.50 Td (or ) Tj ET Q q 0 0 0 rg BT 58.57 379.50 Td (loss. ) Tj ET Q q 0 0 0 rg BT 76.74 379.50 Td ( ) Tj ET Q q 0 0 0 rg BT 78.88 379.50 Td (However) Tj ET Q q 0 0 0 rg BT 109.19 379.50 Td (, ) Tj ET Q q 0 0 0 rg BT 113.50 379.50 Td (if ) Tj ET Q q 0 0 0 rg BT 119.54 379.50 Td (this ) Tj ET Q q 0 0 0 rg BT 133.82 379.50 Td (requirement ) Tj ET Q q 0 0 0 rg BT 177.53 379.50 Td (creates ) Tj ET Q q 0 0 0 rg BT 205.23 379.50 Td (or ) Tj ET Q q 0 0 0 rg BT 214.30 379.50 Td (enlarges ) Tj ET Q q 0 0 0 rg BT 246.32 379.50 Td (an ) Tj ET Q q 0 0 0 rg BT 257.14 379.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 296.97 379.50 Td (mismatch ) Tj ET Q q 0 0 0 rg BT 332.45 379.50 Td (in ) Tj ET Q q 0 0 0 rg BT 340.65 379.50 Td (profit ) Tj ET Q q 0 0 0 rg BT 360.12 379.50 Td (or ) Tj ET Q q 0 0 0 rg BT 369.19 379.50 Td (loss, ) Tj ET Q q 0 0 0 rg BT 387.36 379.50 Td (the ) Tj ET Q q 0 0 0 rg BT 400.34 379.50 Td (entire ) Tj ET Q q 0 0 0 rg BT 421.97 379.50 Td (change ) Tj ET Q q 0 0 0 rg BT 449.68 379.50 Td (in ) Tj ET Q q 0 0 0 rg BT 457.88 379.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 470.85 379.50 Td (value ) Tj ET Q q 0 0 0 rg BT 491.62 379.50 Td (will ) Tj ET Q q 0 0 0 rg BT 504.58 379.50 Td (be ) Tj ET Q q 0 0 0 rg BT 515.39 379.50 Td (recognized ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.74 368.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 77.23 368.10 Td (or ) Tj ET Q q 0 0 0 rg BT 86.33 368.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 104.40 368.10 Td (This ) Tj ET Q q 0 0 0 rg BT 121.29 368.10 Td (new ) Tj ET Q q 0 0 0 rg BT 137.75 368.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 170.25 368.10 Td (is ) Tj ET Q q 0 0 0 rg BT 178.05 368.10 Td (ef) Tj ET Q q 0 0 0 rg BT 184.41 368.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 209.11 368.10 Td (for ) Tj ET Q q 0 0 0 rg BT 220.38 368.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 245.94 368.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 273.67 368.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 309.63 368.10 Td (on ) Tj ET Q q 0 0 0 rg BT 320.47 368.10 Td (or ) Tj ET Q q 0 0 0 rg BT 329.57 368.10 Td (after ) Tj ET Q q 0 0 0 rg BT 347.34 368.10 Td (January ) Tj ET Q q 0 0 0 rg BT 377.23 368.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 385.90 368.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 407.44 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 423.04 368.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 446.44 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.11 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.12 368.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 493.24 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.92 368.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 533.98 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.66 368.10 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 356.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 96.70 356.70 Td (has ) Tj ET Q q 0 0 0 rg BT 111.43 356.70 Td (not ) Tj ET Q q 0 0 0 rg BT 124.43 356.70 Td (yet ) Tj ET Q q 0 0 0 rg BT 136.99 356.70 Td (been ) Tj ET Q q 0 0 0 rg BT 156.49 356.70 Td (determined. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 339.30 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 69.41 339.30 Td (15, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 82.41 339.30 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 115.76 339.30 Td (from ) Tj ET Q q 0 0 0 rg BT 133.50 339.30 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 169.01 339.30 Td (with ) Tj ET Q q 0 0 0 rg BT 185.03 339.30 Td (Customers) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 222.69 339.30 Td ( ) Tj ET Q q 0 0 0 rg BT 224.86 339.30 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 250.12 339.30 Td (15"\) ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 321.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 69.76 321.90 Td (15 ) Tj ET Q q 0 0 0 rg BT 80.95 321.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 112.92 321.90 Td (a ) Tj ET Q q 0 0 0 rg BT 119.77 321.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 175.12 321.90 Td (framework ) Tj ET Q q 0 0 0 rg BT 214.00 321.90 Td (for ) Tj ET Q q 0 0 0 rg BT 225.61 321.90 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 268.41 321.90 Td (measurement ) Tj ET Q q 0 0 0 rg BT 318.56 321.90 Td (and ) Tj ET Q q 0 0 0 rg BT 334.08 321.90 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 371.67 321.90 Td (of ) Tj ET Q q 0 0 0 rg BT 380.69 321.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 411.36 321.90 Td (from ) Tj ET Q q 0 0 0 rg BT 429.46 321.90 Td (contracts ) Tj ET Q q 0 0 0 rg BT 463.60 321.90 Td (with ) Tj ET Q q 0 0 0 rg BT 479.97 321.90 Td (customers, ) Tj ET Q q 0 0 0 rg BT 520.59 321.90 Td (excluding ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 310.50 Td (contracts ) Tj ET Q q 0 0 0 rg BT 83.44 310.50 Td (within ) Tj ET Q q 0 0 0 rg BT 105.68 310.50 Td (the ) Tj ET Q q 0 0 0 rg BT 118.84 310.50 Td (scope ) Tj ET Q q 0 0 0 rg BT 141.95 310.50 Td (of ) Tj ET Q q 0 0 0 rg BT 150.78 310.50 Td (the ) Tj ET Q q 0 0 0 rg BT 163.94 310.50 Td (standard ) Tj ET Q q 0 0 0 rg BT 196.58 310.50 Td (on ) Tj ET Q q 0 0 0 rg BT 207.57 310.50 Td (leases, ) Tj ET Q q 0 0 0 rg BT 234.59 310.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 270.69 310.50 Td (contracts ) Tj ET Q q 0 0 0 rg BT 304.63 310.50 Td (and ) Tj ET Q q 0 0 0 rg BT 319.96 310.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 350.87 310.50 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 395.48 310.50 Td (The ) Tj ET Q q 0 0 0 rg BT 411.23 310.50 Td (new ) Tj ET Q q 0 0 0 rg BT 427.85 310.50 Td (standards ) Tj ET Q q 0 0 0 rg BT 464.39 310.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 495.30 310.50 Td (a ) Tj ET Q q 0 0 0 rg BT 501.96 310.50 Td (contract-based ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (five-step ) Tj ET Q q 0 0 0 rg BT 80.72 299.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 110.64 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.91 299.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 162.69 299.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.96 299.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 207.37 299.10 Td (whether) Tj ET Q q 0 0 0 rg BT 234.66 299.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.59 299.10 Td (how ) Tj ET Q q 0 0 0 rg BT 254.65 299.10 Td (much ) Tj ET Q q 0 0 0 rg BT 275.47 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.24 299.10 Td (when ) Tj ET Q q 0 0 0 rg BT 310.63 299.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 340.56 299.10 Td (is ) Tj ET Q q 0 0 0 rg BT 347.95 299.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 390.00 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.77 299.10 Td (New ) Tj ET Q q 0 0 0 rg BT 409.12 299.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 444.24 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.01 299.10 Td (judgmental ) Tj ET Q q 0 0 0 rg BT 498.89 299.10 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 536.61 299.10 Td (have ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 287.70 Td (been ) Tj ET Q q 0 0 0 rg BT 69.00 287.70 Td (introduced, ) Tj ET Q q 0 0 0 rg BT 109.72 287.70 Td (which ) Tj ET Q q 0 0 0 rg BT 131.81 287.70 Td (may ) Tj ET Q q 0 0 0 rg BT 148.70 287.70 Td (af) Tj ET Q q 0 0 0 rg BT 155.07 287.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 169.80 287.70 Td (the ) Tj ET Q q 0 0 0 rg BT 182.81 287.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 210.97 287.70 Td (and/or ) Tj ET Q q 0 0 0 rg BT 235.23 287.70 Td (timing ) Tj ET Q q 0 0 0 rg BT 258.18 287.70 Td (of ) Tj ET Q q 0 0 0 rg BT 266.85 287.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 297.18 287.70 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 339.63 287.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 359.55 287.70 Td (15 ) Tj ET Q q 0 0 0 rg BT 370.39 287.70 Td (becomes ) Tj ET Q q 0 0 0 rg BT 404.17 287.70 Td (ef) Tj ET Q q 0 0 0 rg BT 410.54 287.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 435.23 287.70 Td (for ) Tj ET Q q 0 0 0 rg BT 446.49 287.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 472.06 287.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 499.78 287.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 535.75 287.70 Td (on ) Tj ET Q q 0 0 0 rg BT 546.58 287.70 Td (or ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 276.30 Td (after ) Tj ET Q q 0 0 0 rg BT 67.17 276.30 Td (January ) Tj ET Q q 0 0 0 rg BT 96.97 276.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 105.55 276.30 Td (2018, ) Tj ET Q q 0 0 0 rg BT 127.13 276.30 Td (and ) Tj ET Q q 0 0 0 rg BT 142.21 276.30 Td (is ) Tj ET Q q 0 0 0 rg BT 149.91 276.30 Td (to ) Tj ET Q q 0 0 0 rg BT 158.49 276.30 Td (be ) Tj ET Q q 0 0 0 rg BT 169.24 276.30 Td (applied ) Tj ET Q q 0 0 0 rg BT 196.44 276.30 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 246.10 276.30 Td (. ) Tj ET Q q 0 0 0 rg BT 250.35 276.30 Td (Early ) Tj ET Q q 0 0 0 rg BT 270.18 276.30 Td (adoption ) Tj ET Q q 0 0 0 rg BT 302.15 276.30 Td (is ) Tj ET Q q 0 0 0 rg BT 309.86 276.30 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 346.46 276.30 Td (The ) Tj ET Q q 0 0 0 rg BT 361.96 276.30 Td (extent ) Tj ET Q q 0 0 0 rg BT 385.27 276.30 Td (of ) Tj ET Q q 0 0 0 rg BT 393.85 276.30 Td (the ) Tj ET Q q 0 0 0 rg BT 406.76 276.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 431.79 276.30 Td (of ) Tj ET Q q 0 0 0 rg BT 440.37 276.30 Td (adoption ) Tj ET Q q 0 0 0 rg BT 472.34 276.30 Td (of ) Tj ET Q q 0 0 0 rg BT 480.92 276.30 Td (the ) Tj ET Q q 0 0 0 rg BT 493.84 276.30 Td (amendments ) Tj ET Q q 0 0 0 rg BT 540.96 276.30 Td (has ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 264.90 Td (not ) Tj ET Q q 0 0 0 rg BT 62.50 264.90 Td (yet ) Tj ET Q q 0 0 0 rg BT 75.06 264.90 Td (been ) Tj ET Q q 0 0 0 rg BT 94.56 264.90 Td (determined. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 247.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 69.41 247.50 Td (16, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 82.41 247.50 Td (Leases ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 109.70 247.50 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 134.96 247.50 Td (16"\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (This ) Tj ET Q q 0 0 0 rg BT 66.15 230.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 98.39 230.10 Td (introduces ) Tj ET Q q 0 0 0 rg BT 136.27 230.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.52 230.10 Td (single ) Tj ET Q q 0 0 0 rg BT 164.81 230.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 189.26 230.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 228.87 230.10 Td (model ) Tj ET Q q 0 0 0 rg BT 252.01 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.94 230.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 297.01 230.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.27 230.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 327.72 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.14 230.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 371.85 230.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 396.30 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.22 230.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 442.59 230.10 Td (for ) Tj ET Q q 0 0 0 rg BT 453.61 230.10 Td (all ) Tj ET Q q 0 0 0 rg BT 463.33 230.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 487.78 230.10 Td (with ) Tj ET Q q 0 0 0 rg BT 503.56 230.10 Td (a ) Tj ET Q q 0 0 0 rg BT 509.82 230.10 Td (term ) Tj ET Q q 0 0 0 rg BT 527.33 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.76 230.10 Td (more ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 218.70 Td (than ) Tj ET Q q 0 0 0 rg BT 67.06 218.70 Td (twelve ) Tj ET Q q 0 0 0 rg BT 91.54 218.70 Td (months, ) Tj ET Q q 0 0 0 rg BT 121.65 218.70 Td (unless ) Tj ET Q q 0 0 0 rg BT 146.57 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 159.80 218.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 198.14 218.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 219.16 218.70 Td (is ) Tj ET Q q 0 0 0 rg BT 227.19 218.70 Td (of ) Tj ET Q q 0 0 0 rg BT 236.08 218.70 Td (low ) Tj ET Q q 0 0 0 rg BT 250.17 218.70 Td (value. ) Tj ET Q q 0 0 0 rg BT 272.88 218.70 Td (A) Tj ET Q q 0 0 0 rg BT 277.65 218.70 Td ( ) Tj ET Q q 0 0 0 rg BT 280.05 218.70 Td (lessee ) Tj ET Q q 0 0 0 rg BT 304.96 218.70 Td (is ) Tj ET Q q 0 0 0 rg BT 312.99 218.70 Td (required ) Tj ET Q q 0 0 0 rg BT 343.96 218.70 Td (to ) Tj ET Q q 0 0 0 rg BT 352.86 218.70 Td (recognize ) Tj ET Q q 0 0 0 rg BT 389.04 218.70 Td (a ) Tj ET Q q 0 0 0 rg BT 395.77 218.70 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 437.57 218.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 458.59 218.70 Td (representing ) Tj ET Q q 0 0 0 rg BT 504.29 218.70 Td (its ) Tj ET Q q 0 0 0 rg BT 514.48 218.70 Td (right ) Tj ET Q q 0 0 0 rg BT 532.03 218.70 Td (to ) Tj ET Q q 0 0 0 rg BT 540.93 218.70 Td (use ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 207.30 Td (the ) Tj ET Q q 0 0 0 rg BT 62.63 207.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 100.87 207.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 121.80 207.30 Td (and ) Tj ET Q q 0 0 0 rg BT 137.09 207.30 Td (a ) Tj ET Q q 0 0 0 rg BT 143.72 207.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 164.64 207.30 Td (liability ) Tj ET Q q 0 0 0 rg BT 190.32 207.30 Td (representing ) Tj ET Q q 0 0 0 rg BT 235.93 207.30 Td (its ) Tj ET Q q 0 0 0 rg BT 246.02 207.30 Td (obligation ) Tj ET Q q 0 0 0 rg BT 281.67 207.30 Td (to ) Tj ET Q q 0 0 0 rg BT 290.47 207.30 Td (make ) Tj ET Q q 0 0 0 rg BT 311.82 207.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 332.74 207.30 Td (payments. ) Tj ET Q q 0 0 0 rg BT 370.84 207.30 Td (This ) Tj ET Q q 0 0 0 rg BT 387.85 207.30 Td (standard ) Tj ET Q q 0 0 0 rg BT 420.47 207.30 Td (substantially ) Tj ET Q q 0 0 0 rg BT 465.65 207.30 Td (carries ) Tj ET Q q 0 0 0 rg BT 491.32 207.30 Td (forward ) Tj ET Q q 0 0 0 rg BT 519.59 207.30 Td (the ) Tj ET Q q 0 0 0 rg BT 532.72 207.30 Td (lessor ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 195.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 89.67 195.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 137.62 195.90 Td (of ) Tj ET Q q 0 0 0 rg BT 146.60 195.90 Td (IAS ) Tj ET Q q 0 0 0 rg BT 161.65 195.90 Td (17, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 174.96 195.90 Td (Leases) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 200.08 195.90 Td (, ) Tj ET Q q 0 0 0 rg BT 204.74 195.90 Td (while ) Tj ET Q q 0 0 0 rg BT 224.97 195.90 Td (requiring ) Tj ET Q q 0 0 0 rg BT 257.76 195.90 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 294.47 195.90 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 335.93 195.90 Td (to ) Tj ET Q q 0 0 0 rg BT 344.91 195.90 Td (be ) Tj ET Q q 0 0 0 rg BT 356.06 195.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 388.43 195.90 Td (by ) Tj ET Q q 0 0 0 rg BT 399.14 195.90 Td (lessors. ) Tj ET Q q 0 0 0 rg BT 428.47 195.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 450.45 195.90 Td (areas ) Tj ET Q q 0 0 0 rg BT 472.42 195.90 Td (of ) Tj ET Q q 0 0 0 rg BT 481.40 195.90 Td (the ) Tj ET Q q 0 0 0 rg BT 494.72 195.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 515.83 195.90 Td (accounting ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 184.50 Td (model ) Tj ET Q q 0 0 0 rg BT 72.44 184.50 Td (have ) Tj ET Q q 0 0 0 rg BT 91.05 184.50 Td (been ) Tj ET Q q 0 0 0 rg BT 110.10 184.50 Td (impacted, ) Tj ET Q q 0 0 0 rg BT 145.59 184.50 Td (including ) Tj ET Q q 0 0 0 rg BT 178.06 184.50 Td (the ) Tj ET Q q 0 0 0 rg BT 190.61 184.50 Td (definition ) Tj ET Q q 0 0 0 rg BT 223.52 184.50 Td (of ) Tj ET Q q 0 0 0 rg BT 231.73 184.50 Td (a ) Tj ET Q q 0 0 0 rg BT 237.78 184.50 Td (lease. ) Tj ET Q q 0 0 0 rg BT 260.18 184.50 Td (The ) Tj ET Q q 0 0 0 rg BT 275.33 184.50 Td (new ) Tj ET Q q 0 0 0 rg BT 291.33 184.50 Td (standard ) Tj ET Q q 0 0 0 rg BT 323.37 184.50 Td (is ) Tj ET Q q 0 0 0 rg BT 330.71 184.50 Td (ef) Tj ET Q q 0 0 0 rg BT 337.08 184.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 361.32 184.50 Td (for ) Tj ET Q q 0 0 0 rg BT 372.13 184.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 397.24 184.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 424.51 184.50 Td (beginning ) Tj ET Q q 0 0 0 rg BT 460.01 184.50 Td (on ) Tj ET Q q 0 0 0 rg BT 470.39 184.50 Td (or ) Tj ET Q q 0 0 0 rg BT 479.04 184.50 Td (after ) Tj ET Q q 0 0 0 rg BT 496.35 184.50 Td (January ) Tj ET Q q 0 0 0 rg BT 525.78 184.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 534.00 184.50 Td (2019, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (which ) Tj ET Q q 0 0 0 rg BT 71.68 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 79.58 173.10 Td (when ) Tj ET Q q 0 0 0 rg BT 100.46 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.56 173.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 131.17 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.44 173.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 160.83 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.59 173.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 191.36 173.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 211.37 173.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 222.30 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.63 173.10 Td (its ) Tj ET Q q 0 0 0 rg BT 240.69 173.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.54 173.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 313.95 173.10 Td (The ) Tj ET Q q 0 0 0 rg BT 329.64 173.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 353.13 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.90 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.00 173.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 400.21 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.98 173.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 441.14 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.90 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.00 173.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 495.59 173.10 Td (has ) Tj ET Q q 0 0 0 rg BT 510.42 173.10 Td (not ) Tj ET Q q 0 0 0 rg BT 523.52 173.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 536.18 173.10 Td (been ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 161.70 Td (determined. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 144.30 Td (For ) Tj ET Q q 0 0 0 rg BT 62.70 144.30 Td (each ) Tj ET Q q 0 0 0 rg BT 81.11 144.30 Td (of ) Tj ET Q q 0 0 0 rg BT 89.13 144.30 Td (the ) Tj ET Q q 0 0 0 rg BT 101.48 144.30 Td (above ) Tj ET Q q 0 0 0 rg BT 124.22 144.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 155.19 144.30 Td (in ) Tj ET Q q 0 0 0 rg BT 162.77 144.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 201.98 144.30 Td (policy ) Tj ET Q q 0 0 0 rg BT 223.41 144.30 Td (the ) Tj ET Q q 0 0 0 rg BT 235.76 144.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 253.37 144.30 Td ( ) Tj ET Q q 0 0 0 rg BT 254.89 144.30 Td (expects ) Tj ET Q q 0 0 0 rg BT 283.26 144.30 Td (to ) Tj ET Q q 0 0 0 rg BT 291.27 144.30 Td (adopt ) Tj ET Q q 0 0 0 rg BT 312.29 144.30 Td (such ) Tj ET Q q 0 0 0 rg BT 330.26 144.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 361.24 144.30 Td (at ) Tj ET Q q 0 0 0 rg BT 369.25 144.30 Td (the ) Tj ET Q q 0 0 0 rg BT 381.60 144.30 Td (time ) Tj ET Q q 0 0 0 rg BT 397.84 144.30 Td (of ) Tj ET Q q 0 0 0 rg BT 405.85 144.30 Td (their ) Tj ET Q q 0 0 0 rg BT 422.52 144.30 Td (required ) Tj ET Q q 0 0 0 rg BT 452.62 144.30 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 486.10 144.30 Td (The ) Tj ET Q q 0 0 0 rg BT 501.04 144.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 518.65 144.30 Td ( ) Tj ET Q q 0 0 0 rg BT 520.17 144.30 Td (continues ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 132.90 Td (to ) Tj ET Q q 0 0 0 rg BT 58.00 132.90 Td (assess ) Tj ET Q q 0 0 0 rg BT 84.25 132.90 Td (the ) Tj ET Q q 0 0 0 rg BT 97.09 132.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 122.04 132.90 Td (of ) Tj ET Q q 0 0 0 rg BT 130.54 132.90 Td (the ) Tj ET Q q 0 0 0 rg BT 143.38 132.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 174.83 132.90 Td (in ) Tj ET Q q 0 0 0 rg BT 182.90 132.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 222.59 132.90 Td (policy ) Tj ET Q q 0 0 0 rg BT 244.51 132.90 Td (on ) Tj ET Q q 0 0 0 rg BT 255.17 132.90 Td (its ) Tj ET Q q 0 0 0 rg BT 264.97 132.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 310.72 132.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.31 132.90 Td (statements, ) Tj ET Q q 0 0 0 rg BT 383.59 132.90 Td (however) Tj ET Q q 0 0 0 rg BT 412.60 132.90 Td (, ) Tj ET Q q 0 0 0 rg BT 416.77 132.90 Td (there ) Tj ET Q q 0 0 0 rg BT 436.53 132.90 Td (is ) Tj ET Q q 0 0 0 rg BT 444.16 132.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 476.04 132.90 Td (no ) Tj ET Q q 0 0 0 rg BT 486.71 132.90 Td (identified ) Tj ET Q q 0 0 0 rg BT 519.90 132.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 544.85 132.90 Td (on ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 121.50 Td (the ) Tj ET Q q 0 0 0 rg BT 62.50 121.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 87.80 121.50 Td (business. ) 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 /F2 9.50 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (DISCLOSURE CONTROLS ) Tj ET Q q 0 0 0 rg BT 148.82 742.10 Td (AND PROCEDURES ) Tj ET Q q 0 0 0 rg BT 224.69 742.10 Td (AND INTERNAL) Tj ET Q q 0 0 0 rg BT 282.96 742.10 Td ( CONTROLS OVER FINANCIAL) Tj ET Q q 0 0 0 rg BT 397.07 742.10 Td ( REPORTING) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 724.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.57 724.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 83.91 724.70 Td (s ) Tj ET Q q 0 0 0 rg BT 88.95 724.70 Td (management, ) Tj ET Q q 0 0 0 rg BT 137.73 724.70 Td (under ) Tj ET Q q 0 0 0 rg BT 158.80 724.70 Td (the ) Tj ET Q q 0 0 0 rg BT 170.77 724.70 Td (supervision ) Tj ET Q q 0 0 0 rg BT 211.32 724.70 Td (of ) Tj ET Q q 0 0 0 rg BT 218.96 724.70 Td (its ) Tj ET Q q 0 0 0 rg BT 227.90 724.70 Td (Chief ) Tj ET Q q 0 0 0 rg BT 247.23 724.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 282.15 724.70 Td (Of) Tj ET Q q 0 0 0 rg BT 290.25 724.70 Td (ficer ) Tj ET Q q 0 0 0 rg BT 306.11 724.70 Td (\(CEO\) ) Tj ET Q q 0 0 0 rg BT 334.51 724.70 Td (and ) Tj ET Q q 0 0 0 rg BT 348.65 724.70 Td (Chief ) Tj ET Q q 0 0 0 rg BT 367.98 724.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 400.30 724.70 Td (Of) Tj ET Q q 0 0 0 rg BT 408.39 724.70 Td (ficer ) Tj ET Q q 0 0 0 rg BT 424.25 724.70 Td (\(CFO\), ) Tj ET Q q 0 0 0 rg BT 454.38 724.70 Td (is ) Tj ET Q q 0 0 0 rg BT 461.15 724.70 Td (responsible ) Tj ET Q q 0 0 0 rg BT 502.14 724.70 Td (for ) Tj ET Q q 0 0 0 rg BT 512.37 724.70 Td (establishing ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 65.43 713.30 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 107.71 713.30 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 145.22 713.30 Td (controls ) Tj ET Q q 0 0 0 rg BT 174.93 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 190.36 713.30 Td (procedures ) Tj ET Q q 0 0 0 rg BT 231.77 713.30 Td (\(DC&P\) ) Tj ET Q q 0 0 0 rg BT 266.21 713.30 Td (and ) Tj ET Q q 0 0 0 rg BT 281.65 713.30 Td (internal ) Tj ET Q q 0 0 0 rg BT 309.63 713.30 Td (controls ) Tj ET Q q 0 0 0 rg BT 339.34 713.30 Td (over ) Tj ET Q q 0 0 0 rg BT 356.93 713.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 387.95 713.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 421.13 713.30 Td (\(ICFR\), ) Tj ET Q q 0 0 0 rg BT 454.28 713.30 Td (as ) Tj ET Q q 0 0 0 rg BT 464.94 713.30 Td (such ) Tj ET Q q 0 0 0 rg BT 483.83 713.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 505.74 713.30 Td (are ) Tj ET Q q 0 0 0 rg BT 519.44 713.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 547.43 713.30 Td (in ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 701.90 Td (National ) Tj ET Q q 0 0 0 rg BT 80.75 701.90 Td (Instrument ) Tj ET Q q 0 0 0 rg BT 119.72 701.90 Td (52-109 ) Tj ET Q q 0 0 0 rg BT 146.14 701.90 Td ( ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 152.64 701.90 Td (Certification ) Tj ET Q q 0 0 0 rg BT 195.94 701.90 Td (of ) Tj ET Q q 0 0 0 rg BT 204.61 701.90 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 243.14 701.90 Td (in ) Tj ET Q q 0 0 0 rg BT 251.37 701.90 Td (Issuers) Tj ET Q q 0 0 0 rg BT 277.86 701.90 Td ( ) Tj ET Q q 0 0 0 rg BT 279.50 701.90 Td (Annual ) Tj ET Q q 0 0 0 rg BT 305.92 701.90 Td (and ) Tj ET Q q 0 0 0 rg BT 321.09 701.90 Td (Interim ) Tj ET Q q 0 0 0 rg BT 347.07 701.90 Td (Filings) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 369.58 701.90 Td ( ) Tj ET Q q 0 0 0 rg BT 371.74 701.90 Td (\(NI ) Tj ET Q q 0 0 0 rg BT 386.89 701.90 Td (52-109\).) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 684.50 Td (DC&P) Tj ET Q q 0 0 0 rg BT 71.50 684.50 Td ( ) Tj ET Q q 0 0 0 rg BT 72.88 684.50 Td (are ) Tj ET Q q 0 0 0 rg BT 85.52 684.50 Td (those ) Tj ET Q q 0 0 0 rg BT 105.96 684.50 Td (controls ) Tj ET Q q 0 0 0 rg BT 134.62 684.50 Td (and ) Tj ET Q q 0 0 0 rg BT 149.00 684.50 Td (other ) Tj ET Q q 0 0 0 rg BT 168.14 684.50 Td (procedures ) Tj ET Q q 0 0 0 rg BT 208.49 684.50 Td (that ) Tj ET Q q 0 0 0 rg BT 222.87 684.50 Td (are ) Tj ET Q q 0 0 0 rg BT 235.51 684.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 268.51 684.50 Td (to ) Tj ET Q q 0 0 0 rg BT 276.39 684.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 303.32 684.50 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 343.25 684.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 380.58 684.50 Td (that ) Tj ET Q q 0 0 0 rg BT 394.95 684.50 Td (all ) Tj ET Q q 0 0 0 rg BT 404.13 684.50 Td (material ) Tj ET Q q 0 0 0 rg BT 433.22 684.50 Td (information ) Tj ET Q q 0 0 0 rg BT 473.14 684.50 Td (required ) Tj ET Q q 0 0 0 rg BT 503.10 684.50 Td (to ) Tj ET Q q 0 0 0 rg BT 510.98 684.50 Td (be ) Tj ET Q q 0 0 0 rg BT 521.02 684.50 Td (disclosed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (by ) Tj ET Q q 0 0 0 rg BT 60.54 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.68 673.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 91.29 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.60 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.97 673.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 127.68 673.10 Td (filings, ) Tj ET Q q 0 0 0 rg BT 152.07 673.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 177.76 673.10 Td (filings ) Tj ET Q q 0 0 0 rg BT 199.99 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.23 673.10 Td (other ) Tj ET Q q 0 0 0 rg BT 229.29 673.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 255.85 673.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 272.46 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 281.69 673.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 317.78 673.10 Td (under ) Tj ET Q q 0 0 0 rg BT 340.02 673.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 375.23 673.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 412.19 673.10 Td (is ) Tj ET Q q 0 0 0 rg BT 420.13 673.10 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 455.35 673.10 Td (processed, ) Tj ET Q q 0 0 0 rg BT 495.77 673.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 540.51 673.10 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 661.70 Td (reported ) Tj ET Q q 0 0 0 rg BT 80.83 661.70 Td (within ) Tj ET Q q 0 0 0 rg BT 102.57 661.70 Td (the ) Tj ET Q q 0 0 0 rg BT 115.22 661.70 Td (time ) Tj ET Q q 0 0 0 rg BT 131.75 661.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 159.12 661.70 Td (specified ) Tj ET Q q 0 0 0 rg BT 191.69 661.70 Td (in ) Tj ET Q q 0 0 0 rg BT 199.57 661.70 Td (the ) Tj ET Q q 0 0 0 rg BT 212.22 661.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 246.95 661.70 Td (legislation. ) Tj ET Q q 0 0 0 rg BT 285.58 661.70 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 332.42 661.70 Td (DC&P) Tj ET Q q 0 0 0 rg BT 353.92 661.70 Td ( ) Tj ET Q q 0 0 0 rg BT 355.74 661.70 Td (are ) Tj ET Q q 0 0 0 rg BT 368.82 661.70 Td (those ) Tj ET Q q 0 0 0 rg BT 389.70 661.70 Td (controls ) Tj ET Q q 0 0 0 rg BT 418.80 661.70 Td (and ) Tj ET Q q 0 0 0 rg BT 433.61 661.70 Td (other ) Tj ET Q q 0 0 0 rg BT 453.19 661.70 Td (procedures ) Tj ET Q q 0 0 0 rg BT 493.98 661.70 Td (that ) Tj ET Q q 0 0 0 rg BT 508.80 661.70 Td (are ) Tj ET Q q 0 0 0 rg BT 521.88 661.70 Td (designed ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 650.30 Td (to ) Tj ET Q q 0 0 0 rg BT 59.21 650.30 Td (ensure ) Tj ET Q q 0 0 0 rg BT 85.74 650.30 Td (that ) Tj ET Q q 0 0 0 rg BT 101.45 650.30 Td (material ) Tj ET Q q 0 0 0 rg BT 131.87 650.30 Td (information ) Tj ET Q q 0 0 0 rg BT 173.12 650.30 Td (required ) Tj ET Q q 0 0 0 rg BT 204.41 650.30 Td (to ) Tj ET Q q 0 0 0 rg BT 213.62 650.30 Td (be ) Tj ET Q q 0 0 0 rg BT 225.00 650.30 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 260.19 650.30 Td (by ) Tj ET Q q 0 0 0 rg BT 271.13 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 284.67 650.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 302.28 650.30 Td ( ) Tj ET Q q 0 0 0 rg BT 305.00 650.30 Td (in ) Tj ET Q q 0 0 0 rg BT 313.77 650.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 339.87 650.30 Td (filings, ) Tj ET Q q 0 0 0 rg BT 364.67 650.30 Td (interim ) Tj ET Q q 0 0 0 rg BT 390.76 650.30 Td (filings ) Tj ET Q q 0 0 0 rg BT 413.39 650.30 Td (or ) Tj ET Q q 0 0 0 rg BT 423.03 650.30 Td (other ) Tj ET Q q 0 0 0 rg BT 443.50 650.30 Td (reports ) Tj ET Q q 0 0 0 rg BT 470.45 650.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 487.46 650.30 Td (or ) Tj ET Q q 0 0 0 rg BT 497.09 650.30 Td (submitted ) Tj ET Q q 0 0 0 rg BT 533.59 650.30 Td (under ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 638.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 85.80 638.90 Td (legislation ) Tj ET Q q 0 0 0 rg BT 123.35 638.90 Td (is ) Tj ET Q q 0 0 0 rg BT 131.87 638.90 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 178.94 638.90 Td (and ) Tj ET Q q 0 0 0 rg BT 194.83 638.90 Td (communicated ) Tj ET Q q 0 0 0 rg BT 248.39 638.90 Td (to ) Tj ET Q q 0 0 0 rg BT 257.79 638.90 Td (the ) Tj ET Q q 0 0 0 rg BT 271.51 638.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 290.85 638.90 Td (s ) Tj ET Q q 0 0 0 rg BT 297.64 638.90 Td (management, ) Tj ET Q q 0 0 0 rg BT 348.18 638.90 Td (including ) Tj ET Q q 0 0 0 rg BT 381.83 638.90 Td (its ) Tj ET Q q 0 0 0 rg BT 392.52 638.90 Td (CEO ) Tj ET Q q 0 0 0 rg BT 412.29 638.90 Td (and ) Tj ET Q q 0 0 0 rg BT 428.18 638.90 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 449.69 638.90 Td (as ) Tj ET Q q 0 0 0 rg BT 460.81 638.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 503.12 638.90 Td (to ) Tj ET Q q 0 0 0 rg BT 512.52 638.90 Td (allow ) Tj ET Q q 0 0 0 rg BT 533.16 638.90 Td (timely ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 627.50 Td (decisions ) Tj ET Q q 0 0 0 rg BT 84.65 627.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 119.73 627.50 Td (required ) Tj ET Q q 0 0 0 rg BT 150.47 627.50 Td (disclosure. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 69.59 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 76.64 610.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 109.68 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.60 610.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 144.57 610.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 184.54 610.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 221.91 610.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 256.24 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.49 610.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 300.22 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.14 610.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 338.15 610.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 370.31 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.73 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.98 610.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 437.82 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.74 610.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 475.74 610.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 515.27 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 525.79 610.10 Td (external ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 598.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 84.92 598.70 Td (in ) Tj ET Q q 0 0 0 rg BT 93.86 598.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 137.02 598.70 Td (with ) Tj ET Q q 0 0 0 rg BT 153.74 598.70 Td (IFRS. ) Tj ET Q q 0 0 0 rg BT 176.53 598.70 Td ( ) Tj ET Q q 0 0 0 rg BT 179.22 598.70 Td (The ) Tj ET Q q 0 0 0 rg BT 195.52 598.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 213.13 598.70 Td ( ) Tj ET Q q 0 0 0 rg BT 216.01 598.70 Td (has ) Tj ET Q q 0 0 0 rg BT 231.45 598.70 Td (adopted ) Tj ET Q q 0 0 0 rg BT 262.48 598.70 Td (the ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 276.19 598.70 Td (Internal ) Tj ET Q q 0 0 0 rg BT 305.05 598.70 Td (Control ) Tj ET Q q 0 0 0 rg BT 333.04 598.70 Td ( ) Tj ET Q q 0 0 0 rg BT 340.25 598.70 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 378.21 598.70 Td (Framework ) Tj ET Q q 0 0 0 rg BT 420.04 598.70 Td (\(2013\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.55 598.70 Td ( ) Tj ET Q q 0 0 0 rg BT 445.43 598.70 Td (published ) Tj ET Q q 0 0 0 rg BT 481.66 598.70 Td (by ) Tj ET Q q 0 0 0 rg BT 492.76 598.70 Td (the ) Tj ET Q q 0 0 0 rg BT 506.47 598.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 547.01 598.70 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 587.30 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 91.58 587.30 Td (Organizations ) Tj ET Q q 0 0 0 rg BT 141.82 587.30 Td (of ) Tj ET Q q 0 0 0 rg BT 150.48 587.30 Td (the ) Tj ET Q q 0 0 0 rg BT 163.34 587.30 Td (T) Tj ET Q q 0 0 0 rg BT 167.82 587.30 Td (readway ) Tj ET Q q 0 0 0 rg BT 199.43 587.30 Td (Commission ) Tj ET Q q 0 0 0 rg BT 244.45 587.30 Td (for ) Tj ET Q q 0 0 0 rg BT 255.71 587.30 Td (the ) Tj ET Q q 0 0 0 rg BT 268.71 587.30 Td (design ) Tj ET Q q 0 0 0 rg BT 293.83 587.30 Td (of ) Tj ET Q q 0 0 0 rg BT 302.49 587.30 Td (its ) Tj ET Q q 0 0 0 rg BT 312.45 587.30 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 332.79 587.30 Td (for ) Tj ET Q q 0 0 0 rg BT 344.05 587.30 Td (the ) Tj ET Q q 0 0 0 rg BT 357.05 587.30 Td (period ) Tj ET Q q 0 0 0 rg BT 380.87 587.30 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 404.70 587.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 457.97 587.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.30 587.30 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 569.90 Td (The ) Tj ET Q q 0 0 0 rg BT 65.33 569.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 84.67 569.90 Td (s ) Tj ET Q q 0 0 0 rg BT 90.47 569.90 Td (CEO ) Tj ET Q q 0 0 0 rg BT 109.26 569.90 Td (and ) Tj ET Q q 0 0 0 rg BT 124.16 569.90 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 144.67 569.90 Td (along ) Tj ET Q q 0 0 0 rg BT 165.64 569.90 Td (with ) Tj ET Q q 0 0 0 rg BT 181.40 569.90 Td (the ) Tj ET Q q 0 0 0 rg BT 194.13 569.90 Td (assistance ) Tj ET Q q 0 0 0 rg BT 232.85 569.90 Td (of ) Tj ET Q q 0 0 0 rg BT 241.26 569.90 Td (others, ) Tj ET Q q 0 0 0 rg BT 266.98 569.90 Td (have ) Tj ET Q q 0 0 0 rg BT 285.78 569.90 Td (designed ) Tj ET Q q 0 0 0 rg BT 319.31 569.90 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 356.29 569.90 Td (controls ) Tj ET Q q 0 0 0 rg BT 385.47 569.90 Td (and ) Tj ET Q q 0 0 0 rg BT 400.38 569.90 Td (procedures ) Tj ET Q q 0 0 0 rg BT 441.26 569.90 Td (to ) Tj ET Q q 0 0 0 rg BT 449.66 569.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 477.12 569.90 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 517.57 569.90 Td (assurance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 558.50 Td (that ) Tj ET Q q 0 0 0 rg BT 65.11 558.50 Td (material ) Tj ET Q q 0 0 0 rg BT 94.92 558.50 Td (information ) Tj ET Q q 0 0 0 rg BT 135.57 558.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 163.23 558.50 Td (to ) Tj ET Q q 0 0 0 rg BT 171.84 558.50 Td (the ) Tj ET Q q 0 0 0 rg BT 184.78 558.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 202.39 558.50 Td ( ) Tj ET Q q 0 0 0 rg BT 204.49 558.50 Td (is ) Tj ET Q q 0 0 0 rg BT 212.23 558.50 Td (made ) Tj ET Q q 0 0 0 rg BT 233.83 558.50 Td (known ) Tj ET Q q 0 0 0 rg BT 258.45 558.50 Td (to ) Tj ET Q q 0 0 0 rg BT 267.06 558.50 Td (the ) Tj ET Q q 0 0 0 rg BT 280.00 558.50 Td (CEO ) Tj ET Q q 0 0 0 rg BT 298.99 558.50 Td (and ) Tj ET Q q 0 0 0 rg BT 314.09 558.50 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 334.81 558.50 Td (and ) Tj ET Q q 0 0 0 rg BT 349.92 558.50 Td (have ) Tj ET Q q 0 0 0 rg BT 368.92 558.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 402.65 558.50 Td (internal ) Tj ET Q q 0 0 0 rg BT 430.31 558.50 Td (controls ) Tj ET Q q 0 0 0 rg BT 459.70 558.50 Td (over ) Tj ET Q q 0 0 0 rg BT 476.96 558.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 507.65 558.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 540.51 558.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 87.25 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.93 547.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 123.66 547.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 164.39 547.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 202.51 547.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 237.60 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.61 547.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 283.10 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.78 547.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 322.54 547.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 355.47 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.64 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.65 547.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 425.24 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.92 547.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 464.69 547.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 504.98 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.22 547.10 Td (accordance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 535.70 Td (with ) Tj ET Q q 0 0 0 rg BT 66.02 535.70 Td (IFRS.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 518.30 Td (No ) Tj ET Q q 0 0 0 rg BT 61.82 518.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 93.15 518.30 Td (were ) Tj ET Q q 0 0 0 rg BT 111.90 518.30 Td (made ) Tj ET Q q 0 0 0 rg BT 133.25 518.30 Td (in ) Tj ET Q q 0 0 0 rg BT 141.19 518.30 Td (the ) Tj ET Q q 0 0 0 rg BT 153.89 518.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 173.23 518.30 Td (s ) Tj ET Q q 0 0 0 rg BT 178.99 518.30 Td (design ) Tj ET Q q 0 0 0 rg BT 203.82 518.30 Td (of ) Tj ET Q q 0 0 0 rg BT 212.19 518.30 Td (ICFR ) Tj ET Q q 0 0 0 rg BT 232.23 518.30 Td (during ) Tj ET Q q 0 0 0 rg BT 255.75 518.30 Td (the ) Tj ET Q q 0 0 0 rg BT 268.45 518.30 Td (three ) Tj ET Q q 0 0 0 rg BT 288.08 518.30 Td (month ) Tj ET Q q 0 0 0 rg BT 311.60 518.30 Td (period ) Tj ET Q q 0 0 0 rg BT 335.12 518.30 Td (ended ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 358.65 518.30 Td (September30, ) Tj ET Q q 0 0 0 rg BT 411.63 518.30 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 428.96 518.30 Td (, ) Tj ET Q q 0 0 0 rg BT 432.99 518.30 Td (that ) Tj ET Q q 0 0 0 rg BT 447.86 518.30 Td (have ) Tj ET Q q 0 0 0 rg BT 466.62 518.30 Td (materially ) Tj ET Q q 0 0 0 rg BT 501.83 518.30 Td (af) Tj ET Q q 0 0 0 rg BT 508.19 518.30 Td (fected, ) Tj ET Q q 0 0 0 rg BT 533.45 518.30 Td (or ) Tj ET Q q 0 0 0 rg BT 542.25 518.30 Td (are ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 506.90 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 90.28 506.90 Td (likely ) Tj ET Q q 0 0 0 rg BT 109.76 506.90 Td (to ) Tj ET Q q 0 0 0 rg BT 118.43 506.90 Td (materially ) Tj ET Q q 0 0 0 rg BT 153.93 506.90 Td (af) Tj ET Q q 0 0 0 rg BT 160.29 506.90 Td (fect, ) Tj ET Q q 0 0 0 rg BT 177.19 506.90 Td (the ) Tj ET Q q 0 0 0 rg BT 190.19 506.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 209.52 506.90 Td (s ) Tj ET Q q 0 0 0 rg BT 215.59 506.90 Td (ICFR. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 489.50 Td (In ) Tj ET Q q 0 0 0 rg BT 58.36 489.50 Td (designing ) Tj ET Q q 0 0 0 rg BT 93.56 489.50 Td (such ) Tj ET Q q 0 0 0 rg BT 111.88 489.50 Td (controls, ) Tj ET Q q 0 0 0 rg BT 143.18 489.50 Td (it ) Tj ET Q q 0 0 0 rg BT 148.94 489.50 Td (should ) Tj ET Q q 0 0 0 rg BT 173.75 489.50 Td (be ) Tj ET Q q 0 0 0 rg BT 184.27 489.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 224.24 489.50 Td (that ) Tj ET Q q 0 0 0 rg BT 239.09 489.50 Td (due ) Tj ET Q q 0 0 0 rg BT 253.95 489.50 Td (to ) Tj ET Q q 0 0 0 rg BT 262.30 489.50 Td (inherent ) Tj ET Q q 0 0 0 rg BT 292.31 489.50 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 330.97 489.50 Td (any ) Tj ET Q q 0 0 0 rg BT 345.39 489.50 Td (controls ) Tj ET Q q 0 0 0 rg BT 374.53 489.50 Td (or ) Tj ET Q q 0 0 0 rg BT 383.31 489.50 Td (control ) Tj ET Q q 0 0 0 rg BT 408.55 489.50 Td (systems, ) Tj ET Q q 0 0 0 rg BT 441.15 489.50 Td (no ) Tj ET Q q 0 0 0 rg BT 451.67 489.50 Td (matter ) Tj ET Q q 0 0 0 rg BT 475.61 489.50 Td (how ) Tj ET Q q 0 0 0 rg BT 491.75 489.50 Td (well ) Tj ET Q q 0 0 0 rg BT 507.02 489.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 540.50 489.50 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (operated, ) Tj ET Q q 0 0 0 rg BT 85.46 478.10 Td (can ) Tj ET Q q 0 0 0 rg BT 100.55 478.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 128.64 478.10 Td (only ) Tj ET Q q 0 0 0 rg BT 145.47 478.10 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 188.72 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.25 478.10 Td (not ) Tj ET Q q 0 0 0 rg BT 217.62 478.10 Td (absolute, ) Tj ET Q q 0 0 0 rg BT 251.78 478.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 290.26 478.10 Td (that ) Tj ET Q q 0 0 0 rg BT 305.79 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.16 478.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 356.34 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.38 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.74 478.10 Td (control ) Tj ET Q q 0 0 0 rg BT 404.66 478.10 Td (system ) Tj ET Q q 0 0 0 rg BT 431.88 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 445.67 478.10 Td (met. ) Tj ET Q q 0 0 0 rg BT 462.86 478.10 Td (As ) Tj ET Q q 0 0 0 rg BT 474.49 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.36 478.10 Td (result ) Tj ET Q q 0 0 0 rg BT 502.94 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.98 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.35 478.10 Td (inherent ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 466.70 Td (limitations ) Tj ET Q q 0 0 0 rg BT 86.59 466.70 Td (in ) Tj ET Q q 0 0 0 rg BT 94.60 466.70 Td (all ) Tj ET Q q 0 0 0 rg BT 104.34 466.70 Td (control ) Tj ET Q q 0 0 0 rg BT 129.67 466.70 Td (systems, ) Tj ET Q q 0 0 0 rg BT 162.36 466.70 Td (no ) Tj ET Q q 0 0 0 rg BT 172.97 466.70 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 210.44 466.70 Td (of ) Tj ET Q q 0 0 0 rg BT 218.89 466.70 Td (controls ) Tj ET Q q 0 0 0 rg BT 248.11 466.70 Td (can ) Tj ET Q q 0 0 0 rg BT 262.62 466.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 290.12 466.70 Td (absolute ) Tj ET Q q 0 0 0 rg BT 321.53 466.70 Td (assurance ) Tj ET Q q 0 0 0 rg BT 359.42 466.70 Td (that ) Tj ET Q q 0 0 0 rg BT 374.36 466.70 Td (all ) Tj ET Q q 0 0 0 rg BT 384.11 466.70 Td (control ) Tj ET Q q 0 0 0 rg BT 409.44 466.70 Td (issues, ) Tj ET Q q 0 0 0 rg BT 435.64 466.70 Td (including ) Tj ET Q q 0 0 0 rg BT 468.33 466.70 Td (instances ) Tj ET Q q 0 0 0 rg BT 503.20 466.70 Td (of ) Tj ET Q q 0 0 0 rg BT 511.65 466.70 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 533.52 466.70 Td (if ) Tj ET Q q 0 0 0 rg BT 539.36 466.70 Td (any) Tj ET Q q 0 0 0 rg BT 551.35 466.70 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 455.30 Td (have ) Tj ET Q q 0 0 0 rg BT 70.11 455.30 Td (been ) Tj ET Q q 0 0 0 rg BT 90.66 455.30 Td (detected ) Tj ET Q q 0 0 0 rg BT 123.77 455.30 Td (or ) Tj ET Q q 0 0 0 rg BT 133.92 455.30 Td (prevented. ) Tj ET Q q 0 0 0 rg BT 173.76 455.30 Td (These ) Tj ET Q q 0 0 0 rg BT 198.63 455.30 Td (inherent ) Tj ET Q q 0 0 0 rg BT 230.00 455.30 Td (limitations ) Tj ET Q q 0 0 0 rg BT 267.86 455.30 Td (include, ) Tj ET Q q 0 0 0 rg BT 297.93 455.30 Td (without ) Tj ET Q q 0 0 0 rg BT 325.83 455.30 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 361.96 455.30 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 372.10 455.30 Td (the ) Tj ET Q q 0 0 0 rg BT 386.15 455.30 Td (possibility ) Tj ET Q q 0 0 0 rg BT 423.14 455.30 Td (that ) Tj ET Q q 0 0 0 rg BT 439.36 455.30 Td (Management) Tj ET Q q 0 0 0 rg BT 486.43 455.30 Td (s ) Tj ET Q q 0 0 0 rg BT 493.55 455.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 540.50 455.30 Td (and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 443.90 Td (judgments ) Tj ET Q q 0 0 0 rg BT 88.11 443.90 Td (may ) Tj ET Q q 0 0 0 rg BT 105.00 443.90 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 140.07 443.90 Td (prove ) Tj ET Q q 0 0 0 rg BT 161.73 443.90 Td (to ) Tj ET Q q 0 0 0 rg BT 170.39 443.90 Td (be ) Tj ET Q q 0 0 0 rg BT 181.22 443.90 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 213.26 443.90 Td (under ) Tj ET Q q 0 0 0 rg BT 235.35 443.90 Td (varying ) Tj ET Q q 0 0 0 rg BT 262.63 443.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 299.88 443.90 Td (and ) Tj ET Q q 0 0 0 rg BT 315.05 443.90 Td (circumstances; ) Tj ET Q q 0 0 0 rg BT 369.17 443.90 Td (or ) Tj ET Q q 0 0 0 rg BT 378.27 443.90 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 389.08 443.90 Td (the ) Tj ET Q q 0 0 0 rg BT 402.08 443.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 427.19 443.90 Td (of ) Tj ET Q q 0 0 0 rg BT 435.86 443.90 Td (isolated ) Tj ET Q q 0 0 0 rg BT 464.88 443.90 Td (errors.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 426.50 Td (Additionally) Tj ET Q q 0 0 0 rg BT 89.27 426.50 Td (, ) Tj ET Q q 0 0 0 rg BT 93.38 426.50 Td (controls ) Tj ET Q q 0 0 0 rg BT 122.61 426.50 Td (may ) Tj ET Q q 0 0 0 rg BT 139.27 426.50 Td (be ) Tj ET Q q 0 0 0 rg BT 149.88 426.50 Td (circumvented ) Tj ET Q q 0 0 0 rg BT 198.16 426.50 Td (by ) Tj ET Q q 0 0 0 rg BT 208.33 426.50 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 255.32 426.50 Td (acts ) Tj ET Q q 0 0 0 rg BT 271.56 426.50 Td (of ) Tj ET Q q 0 0 0 rg BT 280.00 426.50 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 320.49 426.50 Td (by ) Tj ET Q q 0 0 0 rg BT 330.66 426.50 Td (collusion ) Tj ET Q q 0 0 0 rg BT 362.92 426.50 Td (of ) Tj ET Q q 0 0 0 rg BT 371.37 426.50 Td (two ) Tj ET Q q 0 0 0 rg BT 385.43 426.50 Td (or ) Tj ET Q q 0 0 0 rg BT 394.30 426.50 Td (more ) Tj ET Q q 0 0 0 rg BT 413.99 426.50 Td (people, ) Tj ET Q q 0 0 0 rg BT 441.50 426.50 Td (or ) Tj ET Q q 0 0 0 rg BT 450.37 426.50 Td (by ) Tj ET Q q 0 0 0 rg BT 460.54 426.50 Td (management ) Tj ET Q q 0 0 0 rg BT 507.96 426.50 Td (override. ) Tj ET Q q 0 0 0 rg BT 540.09 426.50 Td (The ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (design ) Tj ET Q q 0 0 0 rg BT 75.35 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.24 415.10 Td (any ) Tj ET Q q 0 0 0 rg BT 99.19 415.10 Td (control ) Tj ET Q q 0 0 0 rg BT 124.97 415.10 Td (system ) Tj ET Q q 0 0 0 rg BT 152.04 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 160.06 415.10 Td (also ) Tj ET Q q 0 0 0 rg BT 176.74 415.10 Td (based ) Tj ET Q q 0 0 0 rg BT 200.36 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.81 415.10 Td (part ) Tj ET Q q 0 0 0 rg BT 224.63 415.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 244.35 415.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 270.13 415.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 316.26 415.10 Td (about ) Tj ET Q q 0 0 0 rg BT 338.15 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.37 415.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 386.24 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.13 415.10 Td (future ) Tj ET Q q 0 0 0 rg BT 417.45 415.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 444.96 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.35 415.10 Td (there ) Tj ET Q q 0 0 0 rg BT 480.50 415.10 Td (can ) Tj ET Q q 0 0 0 rg BT 495.45 415.10 Td (be ) Tj ET Q q 0 0 0 rg BT 506.51 415.10 Td (no ) Tj ET Q q 0 0 0 rg BT 517.57 415.10 Td (assurance ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 403.70 Td (that ) Tj ET Q q 0 0 0 rg BT 65.80 403.70 Td (any ) Tj ET Q q 0 0 0 rg BT 81.16 403.70 Td (design ) Tj ET Q q 0 0 0 rg BT 106.92 403.70 Td (will ) Tj ET Q q 0 0 0 rg BT 120.54 403.70 Td (succeed ) Tj ET Q q 0 0 0 rg BT 152.36 403.70 Td (in ) Tj ET Q q 0 0 0 rg BT 161.22 403.70 Td (achieving ) Tj ET Q q 0 0 0 rg BT 196.94 403.70 Td (its ) Tj ET Q q 0 0 0 rg BT 207.53 403.70 Td (stated ) Tj ET Q q 0 0 0 rg BT 231.56 403.70 Td (goals ) Tj ET Q q 0 0 0 rg BT 252.99 403.70 Td (under ) Tj ET Q q 0 0 0 rg BT 275.71 403.70 Td (all ) Tj ET Q q 0 0 0 rg BT 286.31 403.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 318.56 403.70 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 358.61 403.70 Td (Projections ) Tj ET Q q 0 0 0 rg BT 399.96 403.70 Td (of ) Tj ET Q q 0 0 0 rg BT 409.26 403.70 Td (any ) Tj ET Q q 0 0 0 rg BT 424.62 403.70 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 466.83 403.70 Td (of ) Tj ET Q q 0 0 0 rg BT 476.14 403.70 Td (ef) Tj ET Q q 0 0 0 rg BT 482.50 403.70 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 524.28 403.70 Td (to ) Tj ET Q q 0 0 0 rg BT 533.58 403.70 Td (future ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 392.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 78.03 392.30 Td (are ) Tj ET Q q 0 0 0 rg BT 91.76 392.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 118.93 392.30 Td (to ) Tj ET Q q 0 0 0 rg BT 127.90 392.30 Td (the ) Tj ET Q q 0 0 0 rg BT 141.21 392.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 155.80 392.30 Td (that ) Tj ET Q q 0 0 0 rg BT 171.28 392.30 Td (controls ) Tj ET Q q 0 0 0 rg BT 201.03 392.30 Td (may ) Tj ET Q q 0 0 0 rg BT 218.23 392.30 Td (become ) Tj ET Q q 0 0 0 rg BT 248.42 392.30 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 289.46 392.30 Td (because ) Tj ET Q q 0 0 0 rg BT 321.39 392.30 Td (of ) Tj ET Q q 0 0 0 rg BT 330.36 392.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 362.30 392.30 Td (in ) Tj ET Q q 0 0 0 rg BT 370.84 392.30 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 410.56 392.30 Td (or ) Tj ET Q q 0 0 0 rg BT 419.96 392.30 Td (that ) Tj ET Q q 0 0 0 rg BT 435.44 392.30 Td (the ) Tj ET Q q 0 0 0 rg BT 448.75 392.30 Td (degree ) Tj ET Q q 0 0 0 rg BT 475.48 392.30 Td (of ) Tj ET Q q 0 0 0 rg BT 484.46 392.30 Td (compliance ) Tj ET Q q 0 0 0 rg BT 526.34 392.30 Td (with ) Tj ET Q q 0 0 0 rg BT 542.67 392.30 Td (the ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 50.00 380.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 78.15 380.90 Td (or ) Tj ET Q q 0 0 0 rg BT 87.24 380.90 Td (procedures ) Tj ET Q q 0 0 0 rg BT 128.38 380.90 Td (may ) Tj ET Q q 0 0 0 rg BT 145.27 380.90 Td (deteriorate. ) Tj ET Q 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 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 (September30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 321.34 722.90 Td ( is set out in the table below) Tj ET Q q 0 0 0 rg BT 417.08 722.90 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 50 678.4 m 79 678.4 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 212 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 678.4 m 212 678.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 712.4 m 302 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212 678.4 m 302 678.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 712.4 m 376 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302 678.4 m 376 678.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 712.4 m 426 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 678.4 m 426 678.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 712.4 m 462 712.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 426 678.4 m 462 678.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 712.4 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 462 678.4 m 506 678.4 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 506 678.4 m 554 678.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 281.4 m 79 281.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 281.4 m 212 281.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212 281.4 m 302 281.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302 281.4 m 376 281.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 281.4 m 426 281.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 426 281.4 m 462 281.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 462 281.4 m 506 281.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 281.4 m 554 281.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 221.39999999999998 m 79 221.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 221.39999999999998 m 212 221.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212 221.39999999999998 m 302 221.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302 221.39999999999998 m 376 221.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 221.39999999999998 m 426 221.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 426 221.39999999999998 m 462 221.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 462 221.39999999999998 m 506 221.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 221.39999999999998 m 554 221.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 158.39999999999998 m 79 158.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 158.39999999999998 m 212 158.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212 158.39999999999998 m 302 158.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302 158.39999999999998 m 376 158.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 158.39999999999998 m 426 158.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 426 158.39999999999998 m 462 158.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 462 158.39999999999998 m 506 158.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 158.39999999999998 m 554 158.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 145.39999999999998 m 79 145.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 132.39999999999998 m 79 132.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 145.39999999999998 m 212 145.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 79 132.39999999999998 m 212 132.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212 145.39999999999998 m 302 145.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 132.39999999999998 m 302 132.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302 145.39999999999998 m 376 145.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 132.39999999999998 m 376 132.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 145.39999999999998 m 426 145.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 132.39999999999998 m 426 132.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 426 145.39999999999998 m 462 145.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 132.39999999999998 m 462 132.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 462 145.39999999999998 m 506 145.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 132.39999999999998 m 506 132.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 506 145.39999999999998 m 554 145.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 132.39999999999998 m 554 132.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50 132.39999999999998 m 79 132.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 119.39999999999998 m 79 119.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 79 132.39999999999998 m 212 132.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 79 119.39999999999998 m 212 119.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 212 132.39999999999998 m 302 132.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 119.39999999999998 m 302 119.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302 132.39999999999998 m 376 132.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 119.39999999999998 m 376 119.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376 132.39999999999998 m 426 132.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 119.39999999999998 m 426 119.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 426 132.39999999999998 m 462 132.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 119.39999999999998 m 462 119.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 462 132.39999999999998 m 506 132.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 119.39999999999998 m 506 119.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 132.39999999999998 m 554 132.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 119.39999999999998 m 554 119.39999999999998 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.95 691.80 Td (Asset) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 54.15 682.80 Td (Class) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 114.15 682.80 Td (Property Address) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 230.25 682.80 Td (Property Name) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.15 682.80 Td (City, Province) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.40 700.80 Td (Year Built /) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.55 691.80 Td (Renovated /) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.85 682.80 Td (Expanded) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.15 682.80 Td (Interest) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.00 691.80 Td (Sq. ft.of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.15 682.80 Td (GLA) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 510.70 682.80 Td (Occupancy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 668.98 Td (Office - Income Producing) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 655.98 Td (1870 ) Tj ET Q q 0 0 0 rg BT 100.57 655.98 Td (Albert Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 220.30 655.98 Td (Saskatchewan Place) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.75 655.98 Td (Regina, SK) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 656.35 Td (1985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 656.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 656.35 Td (84,243) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 656.35 Td (68.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 656.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 643.98 Td (280 Broadway ) Tj ET Q q 0 0 0 rg BT 133.04 643.98 Td (A) Tj ET Q q 0 0 0 rg BT 138.10 643.98 Td (venue) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 159.33 646.41 Td ( \(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.25 643.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 644.35 Td (1957) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 644.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 644.35 Td (112,642) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 644.35 Td (92.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 644.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 631.98 Td (1) Tj ET Q q 0 0 0 rg BT 85.26 631.98 Td (14 Garry Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.25 631.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 632.35 Td (1950 / 2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 632.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 632.35 Td (74,248) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 632.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 632.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 619.98 Td (895 W) Tj ET Q q 0 0 0 rg BT 103.73 619.98 Td (averley Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.25 619.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 620.35 Td (1991) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 620.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 620.35 Td (34,364) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 620.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 620.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 607.98 Td (1000 W) Tj ET Q q 0 0 0 rg BT 108.07 607.98 Td (averley Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.25 607.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 608.35 Td (1966 / 1998) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 608.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 608.35 Td (58,668) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 608.35 Td (91.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 608.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 595.98 Td (1450 W) Tj ET Q q 0 0 0 rg BT 108.07 595.98 Td (averley Street) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 227.75 596.35 Td (MTS Data Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.25 595.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 596.35 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 596.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 596.35 Td (64,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 596.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 596.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 583.98 Td (421) Tj ET Q q 0 0 0 rg BT 93.93 583.98 Td (1 ) Tj ET Q q 0 0 0 rg BT 100.29 583.98 Td (Y) Tj ET Q q 0 0 0 rg BT 104.77 583.98 Td (onge Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.45 583.98 Td (T) Tj ET Q q 0 0 0 rg BT 321.35 583.98 Td (oronto, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 584.35 Td (1982) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 584.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 584.35 Td (170,972) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 584.35 Td (95.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 584.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 571.98 Td (1) Tj ET Q q 0 0 0 rg BT 85.26 571.98 Td (189 Colonel Sam Drive) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 316.20 571.98 Td (Oshawa, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 572.35 Td (2001) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 572.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 572.35 Td (103,179) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 572.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 572.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 559.98 Td (2655 2695 North Sheridan W) Tj ET Q q 0 0 0 rg BT 188.62 559.98 Td (ay) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 228.55 559.98 Td (The Promontory) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 309.05 559.98 Td (Mississauga, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 560.35 Td (1987 / 1989) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 560.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 560.35 Td (159,752) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 560.35 Td (99.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 560.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 547.98 Td (7030, 7050, 7100 W) Tj ET Q q 0 0 0 rg BT 151.54 547.98 Td (oodbine ) Tj ET Q q 0 0 0 rg BT 181.01 547.98 Td (A) Tj ET Q q 0 0 0 rg BT 186.07 547.98 Td (venue ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 538.48 Td (& 55, 85 Idema Road) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 222.55 538.93 Td (W) Tj ET Q q 0 0 0 rg BT 229.77 538.93 Td (oodbine Complex ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.25 538.93 Td (Markham, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.25 538.80 Td (1984 / 2011) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 538.80 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 538.80 Td (359,833) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 538.80 Td (86.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 538.80 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 524.98 Td (135 Queens Plate ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.45 524.98 Td (T) Tj ET Q q 0 0 0 rg BT 321.35 524.98 Td (oronto, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 525.35 Td (1989 / 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 525.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 525.35 Td (93,581) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 525.35 Td (82.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 525.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 512.98 Td (1 Eva Road ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.45 512.98 Td (T) Tj ET Q q 0 0 0 rg BT 321.35 512.98 Td (oronto, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.25 513.35 Td (1978 / 2011) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 513.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 513.35 Td (91,068) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 513.35 Td (78.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 513.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 500.98 Td (2400 2430 Meadowpine Boulevard) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 309.05 500.98 Td (Mississauga, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 501.35 Td (1990) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 501.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 501.35 Td (59,095) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 501.35 Td (75.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 501.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 488.98 Td (5395 5409 Eglinton ) Tj ET Q q 0 0 0 rg BT 156.88 488.98 Td (A) Tj ET Q q 0 0 0 rg BT 161.95 488.98 Td (venue W) Tj ET Q q 0 0 0 rg BT 192.56 488.98 Td (est) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 225.10 488.98 Td (Centennial Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.45 488.98 Td (T) Tj ET Q q 0 0 0 rg BT 321.35 488.98 Td (oronto, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 489.35 Td (1985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 489.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 489.35 Td (235,299) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 489.35 Td (78.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 489.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 476.98 Td (2251 Speakman Drive) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 309.05 476.98 Td (Mississauga, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.05 477.35 Td (1965/2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 477.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 477.35 Td (115,582) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 477.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 477.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 464.98 Td (2599 Speakman Drive) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 309.05 464.98 Td (Mississauga, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.25 465.35 Td (1971 / 201) Tj ET Q q 0 0 0 rg BT 415.60 465.35 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 465.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 465.35 Td (111,461) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 465.35 Td (86.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 465.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 452.98 Td (3000 - 3100 Steeles ) Tj ET Q q 0 0 0 rg BT 152.98 452.98 Td (A) Tj ET Q q 0 0 0 rg BT 158.04 452.98 Td (venue East) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 228.35 452.98 Td (Gateway Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.25 452.98 Td (Markham, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 453.35 Td (1982 / 1987) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 453.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 453.35 Td (235,673) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 453.35 Td (95.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 453.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 440.98 Td (644 Main Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.65 440.98 Td (Blue Cross Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.95 440.98 Td (Moncton, NB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 441.35 Td (1988 / 2006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 441.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 441.35 Td (320,818) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 441.35 Td (97.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 441.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 428.98 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 133.04 431.41 Td (\(2\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 225.10 428.98 Td (Brunswick Square) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.50 428.98 Td (Saint John, NB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 429.35 Td (1976) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 429.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 429.35 Td (507,804) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 429.35 Td (85.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 429.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 416.98 Td (440 King Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 235.15 416.98 Td (King's Place) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 311.20 416.98 Td (Fredericton, NB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 417.35 Td (1974 / 2001) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 417.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 417.35 Td (292,022) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 417.35 Td (87.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 417.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 404.98 Td (1505 Barrington Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 228.75 404.98 Td (Maritime Center) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 319.00 404.98 Td (Halifax, NS) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 405.35 Td (1977 / 1985) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 405.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 405.35 Td (547,014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 405.35 Td (94.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 405.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 392.98 Td (100 New Gower Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 235.25 392.98 Td (Cabot Place) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.50 392.98 Td (St. John's, NL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 393.35 Td (1987) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 393.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 393.35 Td (134,632) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 393.35 Td (99.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 393.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 379.98 Td (10 Factory Lane) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 221.00 379.98 Td (Fort William Building) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.50 379.98 Td (St. John's, NL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 380.35 Td (1980) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 380.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 380.35 Td (188,170) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 380.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 380.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 367.98 Td (5 Springdale Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 235.90 367.98 Td (Fortis Place) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.50 367.98 Td (St. John's, NL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 368.35 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 368.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 368.35 Td (142,771) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 368.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 368.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 355.98 Td (4 Herald ) Tj ET Q q 0 0 0 rg BT 112.68 355.98 Td (A) Tj ET Q q 0 0 0 rg BT 117.74 355.98 Td (venue) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 235.35 355.98 Td (Fortis ) Tj ET Q q 0 0 0 rg BT 256.86 355.98 Td (T) Tj ET Q q 0 0 0 rg BT 260.76 355.98 Td (ower) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 308.30 355.98 Td (Corner Brook, NL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 356.35 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 356.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 356.35 Td (67,203) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 356.35 Td (92.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 356.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 343.98 Td (140 W) Tj ET Q q 0 0 0 rg BT 103.73 343.98 Td (ater Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 240.45 343.98 Td (TD Place) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.50 343.98 Td (St. John's, NL) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 344.35 Td (1980 / 2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 344.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 344.35 Td (97,433) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 344.35 Td (90.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 344.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 331.98 Td (365 Hargrave) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.25 331.98 Td (Winnipeg, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.50 332.35 Td (1922/2003) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 332.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.40 332.35 Td (71,472) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 332.35 Td (90.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 332.35 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 319.98 Td (Office - Redevelopment) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 307.98 Td (V) Tj ET Q q 0 0 0 rg BT 86.13 307.98 Td (arious) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.90 307.98 Td (W) Tj ET Q q 0 0 0 rg BT 222.97 307.98 Td (ater Street Properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.50 307.98 Td (St. John's, NL) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.55 307.98 Td (V) Tj ET Q q 0 0 0 rg BT 392.18 307.98 Td (arious) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 308.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 308.35 Td (71,541) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 308.35 Td (45.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 308.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 295.98 Td (2285 Speakman Drive) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 309.05 295.98 Td (Mississauga, ON) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 296.35 Td (1981) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 296.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.80 296.35 Td (126,270) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.60 296.40 Td (0.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 296.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 283.98 Td (139 W) Tj ET Q q 0 0 0 rg BT 103.73 283.98 Td (ater Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 231.80 283.98 Td (Fortis Building) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.50 283.98 Td (St. John's, NL) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.90 283.98 Td (1968 / 1994) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 284.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 284.35 Td (82,648) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.50 284.35 Td (29.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 284.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.65 272.35 Td (4,813,458) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.50 272.35 Td (87.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.90 272.35 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 259.98 Td (Industrial) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 247.98 Td (35 Martin W) Tj ET Q q 0 0 0 rg BT 123.21 247.98 Td (ay) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 248.35 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 319.20 247.98 Td (Brooks, ) Tj ET Q q 0 0 0 rg BT 347.35 247.98 Td (AB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 248.35 Td (2005) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 248.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 248.35 Td (28,400) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.60 248.40 Td (0.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 248.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 235.98 Td (5404 36th Street SE) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 233.70 236.35 Td (Doka Building) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.20 235.98 Td (Calgary) Tj ET Q q 0 0 0 rg BT 344.47 235.98 Td (, ) Tj ET Q q 0 0 0 rg BT 348.38 235.98 Td (AB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 236.35 Td (1980) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 236.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 236.35 Td (36,000) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 236.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 236.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 223.98 Td (7001 96th Street) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.50 224.35 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 306.00 223.98 Td (Grande Prairie, ) Tj ET Q q 0 0 0 rg BT 360.57 223.98 Td (AB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 224.35 Td (2006) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 224.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 224.35 Td (33,280) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.60 224.40 Td (0.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 224.35 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.90 211.80 Td (97,680) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.50 211.80 Td (36.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.90 211.80 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 197.98 Td (Retail) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 184.98 Td (200 Manitoba 10) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 224.80 184.98 Td (Flin Flon W) Tj ET Q q 0 0 0 rg BT 263.91 184.98 Td (al-Mart) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 315.55 184.98 Td (Flin Flon, MB) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.25 185.35 Td (2002) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 185.35 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 185.35 Td (63,439) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 185.35 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 185.35 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 81.50 162.93 Td (307 31) Tj ET Q q 0 0 0 rg BT 111.26 162.93 Td (1 ) Tj ET Q q 0 0 0 rg BT 117.33 162.93 Td (Airport Road) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 217.05 171.98 Td (Airport Road Shopping ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 244.80 162.48 Td (Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 308.15 162.93 Td (Y) Tj ET Q q 0 0 0 rg BT 312.63 162.93 Td (ellowknife, NWT) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.00 162.80 Td (2001 / 2003) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 162.80 Td (100%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.90 162.80 Td (15,475) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.40 162.80 Td (100.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 546.90 162.80 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.90 149.35 Td (78,914) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.40 149.35 Td (100.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.90 149.35 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 135.98 Td (Total - Total Portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.65 136.35 Td (4,990,052) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.50 136.35 Td (86.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.90 136.35 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 122.98 Td (Total - Excluding Office Redevelopment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.65 123.35 Td (4,709,593) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.50 123.35 Td (90.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.90 123.35 Td (%) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 110.90 Td (\(1\) Includes a seven-storey of) Tj ET Q q 0 0 0 rg BT 130.42 110.90 Td (fice building at 280 Broadway ) Tj ET Q q 0 0 0 rg BT 212.15 110.90 Td (A) Tj ET Q q 0 0 0 rg BT 216.15 110.90 Td (venue, a three-storey multi-family residential building located at 70 Smith Street and two parking lots located at 286 ) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 101.90 Td (Broadway ) Tj ET Q q 0 0 0 rg BT 78.22 101.90 Td (A) Tj ET Q q 0 0 0 rg BT 82.21 101.90 Td (venue and 68 Smith Street; excludes occupancy from residential tenants at 70 Smith Street.) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 49.50 92.90 Td (\(2\) Includes Delta Brunswick Hotel.) 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 12.00 Tf ET q 0 0 0 rg BT 49.50 740.30 Td (CORPORA) Tj ET Q q 0 0 0 rg BT 99.06 740.30 Td (TE INFORMA) Tj ET Q q 0 0 0 rg BT 159.56 740.30 Td (TION) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 722.90 Td (Slate ) Tj ET Q q 0 0 0 rg BT 69.88 722.90 Td (Of) Tj ET Q q 0 0 0 rg BT 77.97 722.90 Td (fice ) Tj ET Q q 0 0 0 rg BT 92.72 722.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 110.33 722.90 Td ( ) Tj ET Q q 0 0 0 rg BT 112.94 722.90 Td (is ) Tj ET Q q 0 0 0 rg BT 121.19 722.90 Td (an ) Tj ET Q q 0 0 0 rg BT 132.47 722.90 Td (unincorporated, ) Tj ET Q q 0 0 0 rg BT 189.23 722.90 Td (open-ended ) Tj ET Q q 0 0 0 rg BT 233.44 722.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 273.73 722.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 291.51 722.90 Td (fund ) Tj ET Q q 0 0 0 rg BT 309.29 722.90 Td (under ) Tj ET Q q 0 0 0 rg BT 331.83 722.90 Td (and ) Tj ET Q q 0 0 0 rg BT 347.45 722.90 Td (governed ) Tj ET Q q 0 0 0 rg BT 382.55 722.90 Td (by ) Tj ET Q q 0 0 0 rg BT 393.40 722.90 Td (the ) Tj ET Q q 0 0 0 rg BT 406.85 722.90 Td (laws ) Tj ET Q q 0 0 0 rg BT 425.05 722.90 Td (of ) Tj ET Q q 0 0 0 rg BT 434.17 722.90 Td (the ) Tj ET Q q 0 0 0 rg BT 447.62 722.90 Td (Province ) Tj ET Q q 0 0 0 rg BT 480.55 722.90 Td (of ) Tj ET Q q 0 0 0 rg BT 489.67 722.90 Td (Ontario. ) Tj ET Q q 0 0 0 rg BT 519.84 722.90 Td (The ) Tj ET Q q 0 0 0 rg BT 535.89 722.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 553.50 722.90 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 711.50 Td (focuses ) Tj ET Q q 0 0 0 rg BT 78.24 711.50 Td (on ) Tj ET Q q 0 0 0 rg BT 88.79 711.50 Td (acquiring, ) Tj ET Q q 0 0 0 rg BT 124.46 711.50 Td (owning ) Tj ET Q q 0 0 0 rg BT 151.03 711.50 Td (and ) Tj ET Q q 0 0 0 rg BT 165.91 711.50 Td (leasing ) Tj ET Q q 0 0 0 rg BT 192.49 711.50 Td (a ) Tj ET Q q 0 0 0 rg BT 198.71 711.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 228.31 711.50 Td (of ) Tj ET Q q 0 0 0 rg BT 236.70 711.50 Td (diversified ) Tj ET Q q 0 0 0 rg BT 273.66 711.50 Td (revenue-producing ) Tj ET Q q 0 0 0 rg BT 340.51 711.50 Td (commercial ) Tj ET Q q 0 0 0 rg BT 382.22 711.50 Td (real ) Tj ET Q q 0 0 0 rg BT 397.10 711.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 420.21 711.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 456.74 711.50 Td (in ) Tj ET Q q 0 0 0 rg BT 464.69 711.50 Td (Canada ) Tj ET Q q 0 0 0 rg BT 493.86 711.50 Td (with ) Tj ET Q q 0 0 0 rg BT 509.60 711.50 Td (an ) Tj ET Q q 0 0 0 rg BT 520.15 711.50 Td (emphasis ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 49.50 700.10 Td (on ) Tj ET Q q 0 0 0 rg BT 60.11 700.10 Td (of) Tj ET Q q 0 0 0 rg BT 66.47 700.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 80.54 700.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 119.17 700.10 Td (The ) Tj ET Q q 0 0 0 rg BT 134.54 700.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 152.15 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.09 700.10 Td (has ) Tj ET Q q 0 0 0 rg BT 168.59 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 174.87 700.10 Td (current ) Tj ET Q q 0 0 0 rg BT 201.06 700.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 230.72 700.10 Td (that ) Tj ET Q q 0 0 0 rg BT 245.66 700.10 Td (spans ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 268.39 700.10 Td (5.0 ) Tj ET Q q 0 0 0 rg BT 281.16 700.10 Td (million) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 303.24 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.18 700.10 Td (square ) Tj ET Q q 0 0 0 rg BT 330.94 700.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 345.89 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.33 700.10 Td (GLA) Tj ET Q q 0 0 0 rg BT 369.49 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.43 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.37 700.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 416.46 700.10 Td (of ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 424.90 700.10 Td (35) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 433.57 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.51 700.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 472.10 700.10 Td (located ) Tj ET Q q 0 0 0 rg BT 499.16 700.10 Td (across ) Tj ET Q q 0 0 0 rg BT 524.05 700.10 Td (Canada.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 679.13 Td (Head office) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.50 679.13 Td (Independent auditors) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 665.18 Td (Slate Of) Tj ET Q q 0 0 0 rg BT 80.52 665.18 Td (fice REIT) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 653.78 Td (121 King Street W) Tj ET Q q 0 0 0 rg BT 115.59 653.78 Td (est, Suite 200) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 642.38 Td (T) Tj ET Q q 0 0 0 rg BT 56.40 642.38 Td (oronto, ON M5H 3T9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 630.98 Td (T) Tj ET Q q 0 0 0 rg BT 56.40 630.98 Td (el: +1 416 644 4264) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 619.58 Td (Fax: +1 416 947 9366) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 608.18 Td (E-mail: info@slateam.com) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 665.18 Td (KPMG LLP) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 653.78 Td (Chartered Professional ) Tj ET Q q 0 0 0 rg BT 386.92 653.78 Td (Accountants) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 642.38 Td (Winnipeg, Canada) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 588.13 Td (Stock exchange listing and symbol) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 305.50 588.13 Td (Registrar and transfer agent) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 574.18 Td (The REIT's units are listed on the ) Tj ET Q q 0 0 0 rg BT 169.49 574.18 Td (T) Tj ET Q q 0 0 0 rg BT 173.39 574.18 Td (oronto Stock Exchange ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 562.78 Td (and trade under the symbol SOT) Tj ET Q q 0 0 0 rg BT 164.68 562.78 Td (.UN ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 574.18 Td (Computershare Investor Services Inc.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 562.78 Td (100 University ) Tj ET Q q 0 0 0 rg BT 356.60 562.78 Td (A) Tj ET Q q 0 0 0 rg BT 361.66 562.78 Td (venue, 8th Floor) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 551.38 Td (T) Tj ET Q q 0 0 0 rg BT 309.40 551.38 Td (oronto, Ontario) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 539.98 Td (T) Tj ET Q q 0 0 0 rg BT 309.40 539.98 Td (el: +1 416 263 9481) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 528.58 Td (Fax: +1 416 981 9679) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 505.93 Td (The ) Tj ET Q q 0 0 0 rg BT 70.09 505.93 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 97.38 505.93 Td (website ) Tj ET Q BT /F2 9.50 Tf ET 0 0 0 RG /GS0 gs 0.70 w 0 i [] 0 d 1 J 1 j 3 M 127.95556640625 504.57900390625 m 238.95849609375 504.57900390625 l s q 0 0 0 rg BT 127.96 505.93 Td (www) Tj ET Q q 0 0 0 rg BT 145.86 505.93 Td (.slateam.com/reits/office/) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 238.96 505.93 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.12 505.93 Td (provides ) Tj ET Q q 0 0 0 rg BT 276.73 505.93 Td (additional ) Tj ET Q q 0 0 0 rg BT 314.24 505.93 Td (information ) Tj ET Q q 0 0 0 rg BT 356.94 505.93 Td (regarding ) Tj ET Q q 0 0 0 rg BT 394.02 505.93 Td (the ) Tj ET Q q 0 0 0 rg BT 409.01 505.93 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 436.31 505.93 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 470.35 505.93 Td (investment ) Tj ET Q q 0 0 0 rg BT 512.19 505.93 Td (strategy) Tj ET Q q 0 0 0 rg BT 539.34 505.93 Td (, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 494.53 Td (management ) Tj ET Q q 0 0 0 rg BT 100.76 494.53 Td (and ) Tj ET Q q 0 0 0 rg BT 116.55 494.53 Td (corporate ) Tj ET Q q 0 0 0 rg BT 152.25 494.53 Td (governance. ) Tj ET Q q 0 0 0 rg BT 197.38 494.53 Td (Additionally) Tj ET Q q 0 0 0 rg BT 236.65 494.53 Td (, ) Tj ET Q q 0 0 0 rg BT 241.61 494.53 Td (the ) Tj ET Q q 0 0 0 rg BT 255.23 494.53 Td (Investor ) Tj ET Q q 0 0 0 rg BT 285.73 494.53 Td (section ) Tj ET Q q 0 0 0 rg BT 313.21 494.53 Td (includes ) Tj ET Q q 0 0 0 rg BT 344.59 494.53 Td (news, ) Tj ET Q q 0 0 0 rg BT 367.73 494.53 Td (presentations, ) Tj ET Q q 0 0 0 rg BT 419.46 494.53 Td (events, ) Tj ET Q q 0 0 0 rg BT 447.38 494.53 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 484.81 494.53 Td (filings ) Tj ET Q q 0 0 0 rg BT 507.52 494.53 Td (and ) Tj ET Q q 0 0 0 rg BT 523.31 494.53 Td (stock ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 483.13 Td (information.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 52.50 457.13 Td (Trustees) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 443.18 Td (John O'Bryan ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 101.63 445.61 Td (\(3\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 431.78 Td (Corporate Director) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 408.98 Td (Pam Spackman ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 109.66 411.41 Td (\(1\)\(2\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 397.58 Td (Corporate Director) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 374.78 Td (Al Mawani ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 90.60 377.21 Td (\(1\)\(2\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 363.38 Td (President, ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 351.98 Td (Exponent Capital Partners Inc.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 329.18 Td (Nora Duke ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 91.90 331.61 Td (\(2\)\(3\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 317.78 Td (Executive V) Tj ET Q q 0 0 0 rg BT 93.51 317.78 Td (ice-President, Corporate Service and ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 52.50 306.38 Td (Chief Human Resources Of) Tj ET Q q 0 0 0 rg BT 147.62 306.38 Td (ficer) Tj ET Q q 0 0 0 rg BT 161.92 306.38 Td (, Fortis Inc.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 443.18 Td (Georges Dubes ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 362.23 445.61 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 431.78 Td (Partner) Tj ET Q q 0 0 0 rg BT 330.62 431.78 Td (, McMillan LLP) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 408.98 Td (Blair W) Tj ET Q q 0 0 0 rg BT 330.47 408.98 Td (elch ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 346.92 411.41 Td (\(3\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 397.58 Td (Partner and Co-founder) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 386.18 Td (Slate ) Tj ET Q q 0 0 0 rg BT 325.00 386.18 Td (Asset Management L.P) Tj ET Q q 0 0 0 rg BT 404.99 386.18 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 363.38 Td (Brady W) Tj ET Q q 0 0 0 rg BT 335.23 363.38 Td (elch) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 351.98 Td (Partner and Co-founder) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 305.50 340.58 Td (Slate ) Tj ET Q q 0 0 0 rg BT 325.00 340.58 Td (Asset Management L.P) Tj ET Q q 0 0 0 rg BT 404.99 340.58 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 7.50 Tf ET BT /F3 4.87 Tf ET q 0 0 0 rg BT 49.50 283.02 Td (\(1\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 54.38 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 56.09 281.10 Td (Compensation, ) Tj ET Q q 0 0 0 rg BT 99.17 281.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 134.39 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.36 281.10 Td (Nomination ) Tj ET Q q 0 0 0 rg BT 179.18 281.10 Td (Committee) Tj ET Q BT /F3 7.50 Tf ET BT /F3 4.87 Tf ET q 0 0 0 rg BT 49.50 274.02 Td (\(2\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 54.38 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 55.76 272.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 71.49 272.10 Td (Committee) Tj ET Q BT /F3 7.50 Tf ET BT /F3 4.87 Tf ET q 0 0 0 rg BT 49.50 265.02 Td (\(3\)) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 54.38 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 56.09 263.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 87.89 263.10 Td (Committee) Tj ET Q endstream endobj 77 0 obj <> /View <>>>>> endobj 78 0 obj <> /View <>>>>> endobj 79 0 obj <> endobj 80 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;