[Video] REIT Roundup: Initiating on the New Wave of AI Data Centers

Research evidence excerpt

[Video] REIT Roundup: Initiating on the New Wave of AI Data Centers

ect security(ies) and subject

company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed

in this research report.

I, Jan Aygul, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subject

I, Andrew Hernandez, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and

subject company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views

expressed in this research report.

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Investment Recommendation Record

(Article 3(1)e and Article 7 of MAR)

Recommendation Published May 19, 2026 9:02 A.M.

Recommendation Distributed May 19, 2026 9:02 A.M.

Company Specific Disclosures

Steven DeSanctis holds a long equity position in American Tower Corp.

Peter Abramowitz has an equity position in Equinix.

Julien Dumoulin Smith owns shares of Galaxy Digital Inc common stock

Jefferies is serving as financial advisor to FTAI Infrastructure Inc.