Investor Presentaiton

Internal Growth ~Management Status~ Retail Captured the demand for store openings, which are starting to show a recovery trend, and the period- end occupancy rate of facilities located near stations has reversed, exceeding 95%. • Sales status for each facility type Sales of facilities located near stations have also been on a recovery trend since the lifting of the quasi-state of emergency in Mar. 2022 The 7th wave of COVID-19 infections that started from Jul. 2022 has only a limited impact Rents linked to sales are very limited as the percentage of fixed rents across the overall retail sector is 97.0% (Note 2) <Sales status (change from same month of 2019)> Properties Retail Facilities Year 2022 (change from the results of 2019) Major Kinds Tenant Mar Apr (Residential Areas) (Note 1) Recipe SHIMOKITA Residential Areas Near May 99% 103% 102% Jun Jul Aug Food supermarket 106% 107% 97% Retail Retail 89% 89% 91% 87% 81% 82% Stations Services Restaurant Near 46% 59% 61% 60% 77% 67% Retail Stations Services Near Universal CityWalk Osaka 74% 72% 85% 81% 86% 82% Stations Restaurant Retail GEMS Near Stations 51% 73% 77% 83% 68% 62% Restaurant NORBESA Changes in period-end occupancy rate The entire retail Facilities Retail facilities(NearStations) 99.2% 99.5% 98.8% 97.9% 97.8% 98.5% 99.0% 96.9% 98.4% 97.6% 96.3% 95.4% 93.7% 93.3% Reversal Feb-20 Aug-20 Feb-21 Aug-21 Feb-22 Aug-22 Feb-23 (Forecast) • New leasing results (facilities located near stations) No. of leasing cases for Aug 2022 FP 13 cases (Services: 2, retail: 1, restaurants: 10) Strengthened branding of GEMS through various measures GEMSX "Chandon Garden Spritz" Regional revitalization fair Support for tenants' talent recruitment CHANDON GARDEN SPRITZ (Note 1) Tenants for two properties whose sales since September 2019 can be ascertained are included. (Note 2) Calculated based on rents in February 2020 FP before the COVID-19 pandemic. 222 22

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