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Investor Presentaiton

1-8. Portfolio Strategies Creation of Capital gain (Realization of Unrealized gain) A.Rental Properties (Tangible and Intangible fixed assets) B.Real Property for Sale (For property sales to investors) Mitsui Fudosan Group Management Strategy 【Change in gains on sales) (A+B) (Billions of yen) 97.9 94.8 ■Gains on Sales of Fixed Asset 90.0 Operating Income on Property Sales to Investors 80.0 70.0 63.3 60.0 54.1 Under Developing 19% Book value at the end of Overseas March 2021 9% ¥3.029 trillion* 1 Periodic portfolio review 50.0 Under Developing 40.0 34.6 25% Realization of 30.0 18.7 20.5 ← Book value at the end of March 2021 20.0 ¥1.258 trillion* *2 unrealized gain through sales 6.4 10.6 8.3 5.4 10.0 0.0 Overseas 3/'11 3/'12 3/'13 3/'14 3/'15 3/'16 3/'17 3/'18 3/'19 3/'20 3/'21 16% Domestic 72% Domestic 59% 【Examples of major assets sold in the past ] Timing Use Transfer Yield*3 Project Name office Fix Sale 70 Mark Lane (UK) logistics 6 logistics facility buildings 4.2% 4.9% office G-BASE Tamachi 3.2% 3/'19 Operating Asset Operating Asset retail IKEBUKURO GLOBE 3.8% retail SAKAE GLOBE 3.6% Expected NOI yield 8.0% Expected NOI yield 6.4% retail Shinsaibashi MG Building 3.3% Domestic Overseas 7.7% 10.0% Domestic 6.7% office Osaki Bright Core Brighe Plaza 3.2% 3/20 logistics Overseas 5.6% retail 3 logistics facility buildings TENJIN216 4.3%~4.9% 3.6% office SHINBASHI M-SQUARE Bright 2.9% office 3/'21 office Osaki Bright Tower 2 Nagoya Mitsui Buildings 3.2% *1 Asset breakdown Domestic Overseas Office Retail Other Under Developing Total 53% 15% 5% 9% 19% 100% *2 Asset breakdown Domestic Office Retail Logistics 27% 13% 9% Overseas Rental Housing Other Under Developing Total 9% logistics 3 logistics facility buildings office Fix Sale GRAN TOKYO SOUTH TOWER 3.7%~4.2% 4.0%~4.8% 2.8% Notes : sales of fixed asset : sales of property for sale 1% 16% 25% 100% * 3 Describes the direct reduction yield based on the appraisal value of the property, disclosed at the seller. MITSUI FUDOSAN CO.,LTD 23
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