Following on from previous years' strong results, REPM's sustainability efforts continue to be recognized by the industry, with market leading performances across the globe in the 2020 GRESB Assessments despite a new baseline for scoring and a more competitive peer group environment. This year, we submitted 21 funds to the Assessments, comprising all of our flagship vehicles and representing circa 96% of our direct pooled real estate and infrastructure vehicles globally. All our previously rated real estate funds showed sustained strong performance, with all 18 real estate funds achieving either 4-star or 5-star status, reflecting first or second quintile results compared to other funds in their peer groups.