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A Capital Opportunity
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Disclaimer
2© 2012 TSX Inc. All rights reserved. Do not sell or modify without the prior written consent of TSX Inc.
This document is for information purposes only. While the information herein is collected and compiled with care, neither TMX Group Limited nor any of its affiliated companies represents, warrants or guarantees the accuracy or the completeness of the information. You agree not to rely on the information contained herein for any trading, legal, accounting, tax, investment, business, financial or other purpose.
This information is provided with the express condition, to which by making use thereof you expressly consent, that no liability shall be incurred by TMX Group Limited and/or any of its affiliates as a result of any errors or omissions herein or any use or reliance upon this information.
Two-Tiered Market Structure Provides Service at All Stages of Growth
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Serving all Market Caps A Unique Market Structure
with Strong Feeder System
563graduates
+128 M&A*
* Market Capitalization, December 31, 2012 *From January 1, 2000 – December 31, 2012
530 Issuer
s
2089 Issuer
s
484 Issuer
s 147
555 Issuer
s 22
Global Exchange Leader for New Listings in 2012
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*NASDAQ Information does not include secondary financingsSource: World Federation of Exchanges, December 2012
TSX/TSXVLSE/AIM
NYSE/MKTEuronext
(US)Nasdaq ASX
Hong Kong Exchanges
Number of Issuers Listed 3,827 2,767 2,339 2,577 2,056 1,547
Quoted Market Value(US$ Billions)
2,058.8 3,396.5 14,085.9 4,582.4 1,386.9 2,831.9
New Listings International New Listings
37231
11533
14632
N/A7312
642
Equity Capital Raised(US$ Billions)
56.3 35.7 124.2 23.8* 43.8 39.2
Value Traded (US$ Billions)
1,357.3 2,194.3 13,422.7 9,784.2 936.0 1,106.1
The World Lists on TSX and TSXV
(picture of globe)
TSX and TSXV International Listings by Country/Region
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Total International Listings as at December 31, 2012 = 339
TSX = 183 listings • QMV = $178.7 BTSXV = 156 listings • QMV = $3.4 B
Other, 15, 4%
Africa , 8, 2%
Latin America , 21, 6%
UK/Europe, 34, 10%
Austra l ia , 39, 12%
China/As ia , 47, 14%
USA, 175, 52%
The World Trades on TSX and TSXV
~40%of daily trading originates from international brokers
Toronto Stock Exchange Volume & Transactions (2004-2011)
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Leading a Growing Real Estate Sector
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Real Estate Sector Performance (3 Yr)
S&P/TSX Composite : 5.85%
S&P/TSX Capped REIT : 47.12%
S&P/TSX Capped Real Estate : 47.12%
$7.2 billion equity capital raised
6 IPOs (1 headquartered in the U.S.)
15.2% of total IPO issuance on TSX/V
2012 Activity on TSX/V
© TSX Inc. 2013 All rights reserved. Do not copy, distribute, sell or modify this document without TSX Inc.'s prior written consent
An Ideal Equity Marketplace for Real Estate
31$100 Million + Deals in 2012
$7.2BIn Equity Capital Raised on
TSX and TSXV for Real Estate Companies in 2012
$5.5 B Raised in 2011
* As of or December 31, 2012
$75BMarket Capitalization
84Real Estate Companies
on TSX (52) and TSXV (32)
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17 18
49
<$250 Million $250 - $1 Billion >$1 Billion
Number of Real Estate Companies by Market Cap
1
3
6
8
$50-$150 $150-$500 $500-$1B >$1B
Average Number of Analysts Covering Real Estate Cos: 3
Top 10 Real Estate Issuers on TSX
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CompanyMarket CapDecember 31, 2012
Sector Interlisted
1 Brookfield Office Properties Inc. $10.9B Office NYSE
2 Riocan REIT $8.5B Retail -
3 H&R REIT $5.1B Diversified -
4 First Capital Realty Inc. $4.2B Retail -
5 Dundee REIT $3.7B Diversified -
6 Calloway REIT $3.3B Retail -
7 Cominar REIT $3.1B Diversified -
8 Boardwalk REIT $3.1B Residential -
9 Canadian REIT $3.0B Diversified -
10 Primaris Retail REIT $2.7B Retail -
* As of December 31, 2012
Top 10 Real Estate Issuers on TSX Venture
CompanyMarket CapDecember 31, 2012
Sector
1 Plazacorp Retail Properties Ltd. $317M Retail
2 True North Apartment REIT $120M Residential
3 BPO Properties Ltd. $109M Diversified
4 NorthWest International Healthcare Properties REIT $86M Residential
5 Pure Multi-Family REIT LP $85M Industrial
6 C2C Industrial Properties Inc. $67M Development & Services
7 Coopers Park Corporation $57M Specialized
8 360 VOX Corporation $35M Specialized
9 Imperial Equities Inc. $28M Diversified
10 Firm Capital Property Trust $22M Diversified
* As of December 31, 2012 11
Real Estate is Raising Equity Capital on TSX
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Top 10 Financings by Real Estate Companies on TSX in 2012
Company Date of FinancingType of Financing
Equity Raised (C$)
1 Dundee REIT June 2012 Secondary Offering $373 M
2 Cominar REIT August 2012 Secondary Offering $288 M
3 Brookfield Office Properties Inc. September 2012 Secondary Offering $250 M
4 First Capital Realty Inc. September 2012 Secondary Offering $240 M
5 Dundee REIT March 2012 Secondary Offering $232 M
6 Riocan REIT April 2012 Secondary Offering $230 M
7 Dundee Industrial REIT October 2012 IPO $203 M
8 Cominar REIT February 2012 Secondary Offering $201 M
9 Riocan REIT September 2012 Secondary Offering $193 M
10 Chartwell Seniors Housing REIT March 2012 Secondary Offering $190 M
Top Financings on Toronto Stock Exchange in 2012as measured by Gross Proceeds (C$)
Top 10 IPOs on TSX in 2011 and 2012 includes three
Real Estate Issuers
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Company Sector Date of FinancingEquity Raised (C$)
1 Gibson Energy Inc. Diversified Industries
June 2011 $500 M
2 Hudson’s Bay Company Diversified Industries
November 2012 $365 M
2 Dundee International REIT Real Estate August 2011 $472 M
3 Parallel Energy Trust Oil & Gas April 2011 $342 M
4 Ivanplats Limited Mining October 2012 $300 M
5 Argent Energy Trust Oil & Gas August 2012 $250 M
6 Dundee Industrial REIT Real Estate October 2012 $203 M
7 Lone Pine Resources Inc. Oil & Gas June 2011 $190 M
8 Longview Oil Corp. Oil & Gas April 2011 $173 M
9 Regal Lifestyle Communities Inc. Real Estate October 2012 $166 M
10 KP Tissue Inc. Forest Products December 2012 $140 M
Real Estate IPOs on TSX/V in 2012
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Exchange
CompanyReal Estate Sector
Date of Financing
IPO Gross Proceeds (C$)
Over-Allotment Option Exercised?
Syndicate Lead
TSX FAM Real Estate Investment Trust
Industrial/Office/Retail
December 2012
$59 M N/A TD and National Bank Financial
TSX Regal Lifestyle Communities Inc.
Specialized October 2012
$166 M Yes CIBC and BMO
TSX Dundee Industrial REIT
Industrial October 2012
$178 M Yes TD
TSXV Pure Multi-Family REIT LP
Multi-Family Residential
July 2012 $58 M Yes Dundee Securities and Canaccord Genuity
TSX HealthLease Properties REIT
Specialized June 2012 $110 M Yes Canaccord Genuity and National Bank Financial
TSX Morguard North American Residential REIT
Residential April 2012 $83 M Yes RBC and TD
A Competitive Equity Marketplace for Real Estate
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Real Estate Equity Capital Raised (C$M)
$24,016
$6,571$3,922
$2,390
$672
NYSE/ NYSE MKT TSX/ TSXV NASDAQ
Source: Capital IQ, YTD December 31 2012
6 IPOs86 Follow-on
0 IPOs16 Follow-on
8 IPOs113 Follow-on Financings
Contact our Business Development Team to learn more about your Capital Opportunity
A Capital OpportunityDiversified IndustriesJustin Canivet416 [email protected]
MiningOrlee Wertheim(416) [email protected]
Mining AmericasCarlos Espinosa(416) [email protected]
Oil & GasMonica Rovers403 [email protected]
InnovationMichael Kousaie416 [email protected]
AsiaGeorge Gao(8610) 6505 [email protected]
Europe · 44 20 3194 2529China · (+86 10) 6505-8011North America · 1 888 873 8392
