NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC's Holding History (CIK: 0001033984)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 2,838 Value ($000) $819 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 3,196 Value ($000) $960 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 609,792 Value ($000) $156,088 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 616,384 Value ($000) $145,991 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 322,202 Value ($000) $75,621 Avg Close $248.46 Range $225.19 - $271.79

Q2 2024

Shares 7,446 Value ($000) $1,599 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 113,108 Value ($000) $28,828 Avg Close $237.76 Range $214.83 - $253.85

Q2 2022

Shares 96,098 Value ($000) $21,842 Avg Close $226.47 Range $202.60 - $262.57

Q1 2022

Shares 239,653 Value ($000) $68,354 Avg Close $252.93 Range $227.90 - $273.69

Q4 2021

Shares 118,243 Value ($000) $35,202 Avg Close $255.22 Range $218.02 - $273.89

Q1 2021

Shares 26,030 Value ($000) $6,990 Avg Close $228.85 Range $207.42 - $247.83

Q4 2020

Shares 96,770 Value ($000) $22,994 Avg Close $204.73 Range $176.03 - $223.49

Q3 2020

Shares 82,047 Value ($000) $17,557 Avg Close $179.92 Range $151.06 - $201.91

Q2 2020

Shares 79,758 Value ($000) $14,003 Avg Close $150.98 Range $121.35 - $179.10

Q1 2020

Shares 83,917 Value ($000) $12,252 Avg Close $163.63 Range $100.01 - $194.41

Q4 2019

Shares 37,384 Value ($000) $7,257 Avg Close $165.56 Range $146.52 - $174.77

Q2 2017

Shares 8,800 Value ($000) $1,071 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 8,600 Value ($000) $963 Avg Close $97.78 Range $88.22 - $104.69

Q4 2016

Shares 19,200 Value ($000) $2,075 Avg Close $83.99 Range $74.46 - $92.84

Q3 2016

Shares 20,900 Value ($000) $2,029 Avg Close $75.16 Range $68.43 - $80.53

Q2 2016

Shares 9,900 Value ($000) $843 Avg Close $69.72 Range $63.83 - $76.86

Q1 2016

Shares 19,800 Value ($000) $1,648 Avg Close $61.54 Range $52.69 - $70.78

Q4 2015

Shares 18,300 Value ($000) $1,548 Avg Close $69.12 Range $61.01 - $79.94

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,838	$819	$288.62	$277.08 - $300.79
Q3 2025	3,196	$960	$276.03	$252.95 - $299.47
Q2 2025	609,792	$156,088	$233.06	$198.48 - $255.81
Q1 2025	616,384	$145,991	$239.35	$222.00 - $264.36
Q4 2024	322,202	$75,621	$248.46	$225.19 - $271.79
Q2 2024	7,446	$1,599	$224.21	$200.19 - $246.91
Q1 2024	113,108	$28,828	$237.76	$214.83 - $253.85
Q2 2022	96,098	$21,842	$226.47	$202.60 - $262.57
Q1 2022	239,653	$68,354	$252.93	$227.90 - $273.69
Q4 2021	118,243	$35,202	$255.22	$218.02 - $273.89
Q1 2021	26,030	$6,990	$228.85	$207.42 - $247.83
Q4 2020	96,770	$22,994	$204.73	$176.03 - $223.49
Q3 2020	82,047	$17,557	$179.92	$151.06 - $201.91
Q2 2020	79,758	$14,003	$150.98	$121.35 - $179.10
Q1 2020	83,917	$12,252	$163.63	$100.01 - $194.41
Q4 2019	37,384	$7,257	$165.56	$146.52 - $174.77
Q2 2017	8,800	$1,071	$98.76	$93.02 - $105.49
Q1 2017	8,600	$963	$97.78	$88.22 - $104.69
Q4 2016	19,200	$2,075	$83.99	$74.46 - $92.84
Q3 2016	20,900	$2,029	$75.16	$68.43 - $80.53
Q2 2016	9,900	$843	$69.72	$63.83 - $76.86
Q1 2016	19,800	$1,648	$61.54	$52.69 - $70.78
Q4 2015	18,300	$1,548	$69.12	$61.01 - $79.94