REIT Week: +12% on Bid, Burnham, & Brent

Research evidence excerpt

REIT Week: +12% on Bid, Burnham, & Brent

mployees, the analyst(s) responsible for the coverage of the financial instruments discussed in this report receives

compensation based in part on the overall performance of the firm, including investment banking income. We seek to update our research as appropriate,

but various regulations may prevent us from doing so. Aside from certain industry reports published on a periodic basis, the large majority of reports are

published at irregular intervals as appropriate in the analyst's judgement.

Investment Recommendation Record

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

Recommendation Published June 26, 2026 7:04 A.M.

Recommendation Distributed June 26, 2026 19:00 P.M.

Company Specific Disclosures

Stephane Afonso holds an equity long position in Tritax Big Box REIT plc

Stephane Afonso holds an equity long position in British Land Company plc.

Stephane Afonso holds an equity long position in Big Yellow Group Plc.

Stephane Afonso holds an equity long position in Derwent London plc.

Stephane Afonso holds an equity long position in Great Portland Estates plc.

Stephane Afonso holds an equity long position in Grainger.

Stephane Afonso holds an equity long position in Hammerson plc.

Stephane Afonso holds an equity long position in Land Securities Group plc.

Stephane Afonso holds an equity long position in NewRiver REIT plc.

Stephane Afonso holds an equity long position in Primary Health Properties Plc.

Peter Abramowitz holds an equity position in Prologis (PLD).

Stephane Afonso holds an equity long position in Safestore Holdings plc.

Stephane Afonso holds an equity long position in Segro plc.

Mike Prew has a long equity position in Sirius Real Estate Limited. Stephane Afonso has a long equity position in Sirius Real Estate Limited.