Investor Presentaiton

Organic Growth: Rent Renewals of Existing Tenants Negotiated Upward Rent Renewals for April 2024 Fiscal Period, Majority Flat Rent Renewals During Current Fiscal Period New Rent vs. Previous Rent (Office, Leased Area Basis) Downward 0.4% Flat Upward 0.7% 4.4% 1.1% Downward: 2 tenants Decrease: -6.0% Change in Total Monthly Rent (Office) Upward Downward (JPY thousand) +1,545 1,545 92.7% 95.5% 97.2% 93.7% Flat: 186 tenants Rent Change +1,223 1,264 +190 -231 772 625 +35 +210 -175 -40 0 Average Average Average Increase Increase Increase +5.9% +9.5% +11.5% Average Increase +6.2% 6.9% 3.8% 1.9% 1.7% Apr 2022 Oct 2022 Apr 2023 Oct 2023 一期一会| ICHIGO Upward: 4 tenants -581 -856 Apr 2022 Oct 2022 Apr 2023 Oct 2023 Apr 2024* *Apr 2024 reflects leases in place as of December 5, 2023. Ichigo Investment Advisors Co., Ltd. Ichigo Office REIT Investment Corporation All rights reserved. 17

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