2025-06-04-Jefferies-视频房地产投资信托综述_NAREIT和工业房地产投资信托时代的关键主题_35页_2mb.docxVIP

USA|REITs

[Video]REITRoundup:KeyThemesforNAREITandtheIndustrialREITsEras

InthisREITRoundup,werecappedkeythemesforNAREITandourTheErasTournote,wherewerunthrougherasthatdrovewarehousedemandandexplainwhySTAG,LXP,andEGParebestpositionedforthecontinuationoftheManufacturingReinvestmentEra.OurnextwebinarwillbeMonday,June9th,at9:00AMET.PleaseREGISTERhere.

Slidesfromthewebinarareattachedtothisnote.

EquityResearch

June3,2025

VideoTimestamps:

00:00-MarketRecap

03:07-ResearchRecap

06:45-NAREITKeyThemes

10:00-IndustrialREITs-TheErasTourNote

04:53-Extel(formerlyII)ResearchPollVote?17:33-AMHVirtualNDRTakeaways

05:41-UpcomingEvents

06:30-NAREITSchedule

REGISTERHEREforallfuturewebinars.

20:05-MACPathForwardUpdate

22:50-ELSOperatingUpdate

JonathanPetersen*|EquityAnalyst

(212)284-1705|jpetersen@

*Afteryoureceivetheconfirmatione-mail,besuretoclickAddtoCalendartosavethecalendarslotgoingforward.

LindaTsai*|EquityAnalyst

1(212)778-8011|ltsai@

PeterAbramowitz*|EquityAnalyst

(212)336-7241|pabramowitz@

JoeDickstein*|EquityAnalyst

+1(212)778-8771|jdickstein1@

AhmedMehri*|EquityAssociate

+1(212)778-8456|amehri@

BrendanCutler*|EquityAssociate

+1(332)236-6839|bcutler@

MatthewRoberts*|EquityAssociate

+1(212)778-8524|mroberts1@

KatieElders*|EquityAssociate

+1(917)421-1968|kelders@

JanAygul*|EquityAssociate

+1(917)344-1839|jaygul@

Pleaseseeanalystcertifications,importantdisclosureinformation,andinformationregardingthestatusofnon-USanalystsonpages28-35ofthisreport.

*JefferiesLLC/JefferiesResearchServices,LLC

REITs

EquityResearch

June3,2025

ResearchReferencedontheWebinar:

2QOperatingUpdate:MHRemainsStrong,Marinas/RVsBelowConsensusPSTLModelUpdate—ImprovedLeaseNegotiationsHelpSupportGrowthMACsPa