IR Menu Series B Preferred Stock Measurement of Aggregate FVA Amount Per 6% Series B Participating Preferred Share 2017 Land Values 2019 Land Values Portfolio State Relative Weighting Applied in Determining FVA (1) Actual FVA Value (2) Assigned Baseline Value Actual FVA Value (3) FVA Value Relative to August, 2017 Baseline Illinois 34.344% $7,300 100.0 $7,280 -0.27% California 19.265% $8,700 100.0 $10,000 14.94% South Carolina 6.892% $3,000 100.0 $3,400 13.33% North Carolina 6.695% $4,450 100.0 $4,680 5.17% Colorado 6.318% $1,430 100.0 $1,570 9.79% Arkansas 5.776% $3,180 100.0 $3,320 4.40% Nebraska 4.292% $2,900 100.0 $2,850 -1.72% Louisiana 4.275% $3,000 100.0 $3,120 4.00% Florida 3.580% $5,700 100.0 $5,950 4.39% Mississippi 2.037% $2,500 100.0 $2,800 12.00% Georgia 1.923% $3,550 100.0 $3,470 -2.25% Michigan 1.451% $4,800 100.0 $4,960 3.33% Texas 0.855% $2,090 100.0 $2,120 1.44% Virginia 0.752% $4,350 100.0 $4,650 6.90% South Dakota 0.696% $2,180 100.0 $2,070 -5.05% Kansas 0.484% $1,850 100.0 $1,960 5.95% Alabama 0.365% $2,750 100.0 $3,100 12.73% Cumulative FVA 5.53% FVA Factor (50% Cumulative FVA) 2.77% FVA Amount $ 0.69 (1) Based on the total unaudited book value of our properties in each Portfolio State as of June 30, 2017. These will be the Weighting Factors for measurement of Cumulative FVA and the Premium Amount and will at no time change as it relates to the Series B Participating Preferred Stock. (2) Represents the 2017 Land Values as published in the 2017 Land Value Report for each Portfolio State. Such values will remain constant for purposes of calculating the FVA Amount, notwithstanding any revisions to the 2017 Land Values in subsequent Land Value Reports. (3) Represents the 2018 Land Values as published in the 2018 Land Value Report for each Portfolio State. Figures represent state-wide averages per the survey methodology, as defined in the final prospectus for the Company’s 6.00% Series B Participating Preferred Stock.