Praesidium Investment Management Company

Presima as of Dec. 31, 2011

Portfolio Holdings for Presima

Presima holds 21 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Simon Property (SPG) 18.1 $35M 274k 128.94
Digital Realty Trust (DLR) 11.2 $22M 327k 66.67
Ventas (VTR) 10.8 $21M 381k 55.13
Host Hotels & Resorts (HST) 10.4 $20M 1.4M 14.77
Equity Residential (EQR) 7.3 $14M 251k 57.03
Prologis (PLD) 7.2 $14M 487k 28.59
SL Green Realty 7.1 $14M 207k 66.64
Macerich Company (MAC) 6.9 $13M 265k 50.60
Home Properties 5.5 $11M 187k 57.57
Senior Housing Properties Trust 2.1 $4.1M 181k 22.44
Liberty Property Trust 2.0 $4.0M 128k 30.88
Entertainment Properties Trust 1.7 $3.3M 76k 43.72
Highwoods Properties (HIW) 1.7 $3.3M 111k 29.67
HCP 1.5 $2.8M 69k 41.43
iShares Dow Jones US Real Estate (IYR) 1.4 $2.8M 50k 56.79
Mack-Cali Realty (VRE) 1.3 $2.5M 92k 26.68
DCT Industrial Trust 1.2 $2.4M 474k 5.12
Camden Property Trust (CPT) 0.8 $1.5M 23k 62.22
Mid-America Apartment (MAA) 0.7 $1.4M 22k 62.56
Corporate Office Properties Trust (CDP) 0.6 $1.2M 59k 21.26
Equity One 0.5 $1.0M 60k 16.98