Epstein Secrets

SPLK Staples SPLS Steverd Health Care System Private The Sports Authorky Private Warby Parker Private Watt% Private Scarce Desarechs EWA Deutsche Bank Securities Inc. Page 59 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092279 CONFIDENTIAL SDNY_GM_00238463 EFTA01388625

y O3011111111611.1 AVB Boston Properties BXP &barer BRX Camden Property Trust CPT City Office REIT CIO CyrusOne Inc. CONE DOR Corp. DDR Digital Realty Trust DLR Equity One, Inc. EOY Equity Residential FOR Federal Realty Investment Trust FRT General Growth Properties GGP Independence Realty Trust

you'd like to discuss =he basket or funds in greater detail. Best regards, Andrew King Andrew=King, CFA Vice Pr=sidentlnvestm=nt Solutions Group Deutsche Bank Securities Inc. Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 Tel. <tel:%2B1%28212%29454-0043> =div style="word-wrap:break-word"> =/div>

ou'd like us to send reports on any of the other names list=d in the basket. <=u> Data Centers <=b>(page 4 of "US REIT 3Q16 Earnings Preview") • Digital Realty Trust (DLR) EFTA_R1_01542053 EFTA02445774 CyrusOne (CONE) Health Care (page 5 of "US REI= 3Q16 Earnings Preview") Medical Properties Trust (MPW) Add

SPLK Staples SPLS Steverd Health Care System Private The Sports Authorky Private Warby Parker Private Watt% Private Scarce Desarechs EWA Deutsche Bank Securities Inc. Page 59 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0092986 CONFIDENTIAL SDNY_GM_00239170 EFTA01388959

y O3011111111611.1 AVB Boston Properties BXP &barer BRX Camden Property Trust CPT City Office REIT CIO CyrusOne Inc. CONE DOR Corp. DDR Digital Realty Trust DLR Equity One, Inc. EOY Equity Residential FOR Federal Realty Investment Trust FRT General Growth Properties GGP Independence Realty Trust

ns sno ---DrallednyTWO MP,0304000tebitOdt Performance 1%) 1m 3m 12m Absolute -5O -12.7 26.2 S&P 500 INDEX -1.5 3.3 Scarce Ocuraineene Deutsche Bank Securities Inc. Distributed on: 28/10/2016 06:50:47 GMT Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors

Deutsche Bank Markets Research Rating Buy North America United States Financial REITs Corn pig ly Digital Realty Trust DLR.N DLR US ENaiengo NYS DLR Nice rebound in bookings; no change in positive data center thesis the filosi inteiesting thing about Dt.i1 s 3

-S130MM) • Debt issuance of $1.25-$1.75B at a 2.5-3.5% interest rate in early-to- mid 2016 (unchanged). Management noted that it could potentially Deutsche Bank Securities Inc. Page 3 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0093172 CONFIDENTIAL SDNY_GM_00239356 EFTA01389027

28 October 2016 REITs Digital Realty Trust Earnings highlight Figure 11 3016 earnings recap OSA Income StaIsitterd FFOAll Cots FFOlan Opliniting IWO° Strad S leasing Volume (MWS) Rene

19. 10/18/2016: Buy. Target Price Change USDI08.00 Vincent Chao. CFA CFA 10. 07/31/2015: Buy, Target Price Change US074.00 Vincent Chao. CFA Deutsche Bank Securities Inc. Page 9 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0093178 SDNY_GM_00239362 EFTA01389030

28 October 2016 REITs Digital Realty Trust Analyst Certification The views expressed in this report accurately reflect the personal views of the undersigned lead analyst(s) about the subjec

Digital Realty Trust / issue a British Pound denominated bond offering "over the next several months' as part of its FX hedging strategy Page 4 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0093173 CONFIDENTIAL SDNY_GM_00239357 EFTA01389028

28 October 2016 REITs Digital Realty Trust / issue a British Pound denominated bond offering "over the next several months' as part of its FX hedging strategy Page 4 Deutsche Bank Securit

'd like to discuss the basket or funds in greater detail. Best regards, Andrew King Andrew King, CFA Vice President I Investment Solutions Group Deutsche Bank Securities Inc. Deutsche Bank Wealth Management PaiS4Oi,.. It . PC41 air ett. CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0093168 CONFIDENTIAL SDN

know if you'd like us to send reports on any of the other names listed in the basket. Data Centers (page 4 of "US REIT 3Q16 Earnings Preview") • Digital Realty Trust (DLR) • CyrusOne (CONE) Health Care (page 5 of "US REIT 3Q16 Earnings Preview") • Medical Properties Trust (MPW) Additionally, I've attached in

affiliatels) has received non-investment banking related compensation from this company within the past year. 15. This company has been a client of Deutsche Bank Securities Inc. within the past year, during which time it received non-investment banking securities-related services. Important Disclosures Required by Non-U.S.

28 October 2016 REITs Digital Realty Trust Appendix 1 Important Disclosures Additional information available upon request Disclosure checklist Company Ticker Recent price" Disclosure

to instruments that promise to pay fixed or variable interest rates. For an investor who is long fixed rate instruments (thus receiving these cash Deutsche Bank Securities Inc. Page 11 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0093180 CONFIDENTIAL SDNY_GM_00239364 EFTA01389031

28 October 2016 REITs Digital Realty Trust Additional Information The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates (collectively "Deuts