Overview Key strengths Key risks Exposure to a good quality and diversified portfolio of industrial and business park assets in Australia Exposure to the cyclical, industrial real estate market. Solid lease-maturity profile, high tenant occupancy, and good tenant diversity. Potential for increased exposure to speculative property development. Prudent capital management with gearing below its 20% target. Disruption to stabilized rental income from asset recycling. Proven track record of maintaining a conservative financial stance. Moderate geographic diversity focused on Australia. GAIP has amassed a sizable portfolio of industrial assets that generate stable rental income and are spread across Australia's east coast. This supports GAIP's competitive advantage, with the REIT owning well-located assets in attractive leasing markets. GAIP's stabilized asset portfolio has