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Financial Highlights (1) (35th Period: March 2023 - August 2023) A Nippon Accommodations Fund Comparison with the 34th Period 35th Period (Forecast) *1 (Ended Aug. 31, 2023) 1 35th Period (Actual results) (Ended Aug. 31, 2023) 2 Comparison with Forecast Change 2-1 Notes 34th Period (Actual results) Change (Ended Feb. 28, 2023) Notes (JPY million) (JPY million) (JPY million) Total Revenues 12,467 13,049 +581 ■Revenues Existing properties +581 +33 12,344 +704 Revenues +704 Existing properties +156 Operating Gain on sale of Gain on sale of Income 5,645 6,256 +611 property that occurred in the 35th Period 5,835 +420 property that occurred in the +548 35th Period +548 (Internal reserves +533) (Internal reserves +533) Net Income 5,201 5,892 +690 5,426 +465 ■Operating expenses +283 Internal 533 +533 ■Operating expenses -29 +533 Rental expenses +232 reserves Rental expenses -63 Real estate taxes +8 Real estate taxes +6 Depreciation and Net Income per Unit *2 Distribution per Unit 10,330 11,703 +1,373 Depreciation and 10,778 +925 amortization -36 amortization -4 yen yen yen yen yen Asset management fees +45 Asset management fees +51 Other expenses +33 10,330 10,645 +315 Other expenses -18 10,778 -133 yen yen yen yen yen Non-operating income +49 ■Non-operating income +61 Units 503,472 Outstanding units 503,472 units ■Non-operating expenses Interest expense, etc. 503,472 units -18 -18 ■Non-operating expenses Interest expense, etc. +3 +3 Total Acquisition 339,966 339,038 -928 339,966 -928 Price AUM No. of Investment properties 134 properties 133 properties -1 properties 134 properties -1 properties Average Month- End Occupancy Rate 96.8 % 96.9 % +0.1 97.0 -0.1 points % points LTV (At the end of the Period) 51.5 % 51.2 % -0.3 points 51.5 -0.3 % points *1 The forecast for the 35th Period are the figures announced in the financial results report (excluding LTV) dated April 19, 2023. *2 Calculated based on 503,472 units outstanding at the end of the period. *3 Acquisition-related expenses and property tax are not included. 50

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