Investor Presentaiton

Notes (IV) P.70 Performance trends of stores in the portfolio (1/2) (Note 1) The above graph shows the income and the incidental income from the end tenants of the master lease company of domestic retail properties owned by the Investment Corporation as of the end of Jul. 2023 (44 properties). (Note 2) The graph above shows the index compared to the same period of the previous year of the sales from Dec. 2022 to May 2023 of the 44 domestic retail properties owned by the Investment Corporation as of the end of Jul. 2023 (compared to Dec. 2021 to May 2022). (Note 3) The composition ratio is rounded off to the first decimal place. Therefore, the total value may not be 100.0% P.71 Performance trends of stores in the portfolio (2/2) (Note 1) The graph above shows substantial occupancy rate of the total leased area (master lease) deducting vacant floor area of domestic retail properties owned by the Investment Corporation as of the end of Jul. 2023 (44 properties) (rounded to the first decimal place). (Note 2) The graph above shows the index of the three months end tenant sales compared to the same period of the previous year of domestic retail properties owned by the Investment Corporation as of the end of Jul. 2023 (44 properties). P.72 Average cap rate (Note 1) Average cap rate is calculated excluding Malaysian properties whose return yield by direct capitalization method is not calculated. (Note 2) "The three largest cities" indicates the Metropolitan, Chubu and Kinki areas, i.e. Metropolitan area covers Tokyo, Kanagawa, Saitama and Chiba pref., Chubu area covers Aichi, Gifu and Mie pref. and Kinki covers Osaka, Kyoto, Hyogo, Nara and Shiga pref. in each. P.73 Status of debts (1/2) (Note 1) Floating interest rates on short-term borrowings are Japanese Yen Tibor published by the Japanese Bankers Association. However, if there is no corresponding period, the interest rate reasonably determined by the agent by the linear apportionment method. (Note 2) While funds are borrowed at floating rates, the interest rates are fixed in effect by entering into rate swap agreements to hedge interest rate fluctuation risk. The figures are the interest rates calculated after taking into consideration the effect of interest swaps. (Note 3) As of Apr. 16, 2018, Mitsubishi UFJ Trust and Banking Corporation's lending operations were transferred to MUFG Bank, Ltd. thorough a company split. In accordance with this, the loan claims held by Mitsubishi UFJ Trust and Banking Corporation ware succeeded to MUFG Bank, Ltd. as of the same date. (Note 4) On May 1, 2021, Mie Bank and Daisan Bank merged to form San ju San Bank, Ltd. ÆON REIT Investment Corporation 78

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