Investor Presentaiton

一期一会| ICHIGO October 2023 Financial Metrics Continued NAV Growth, Driving Stability via Extending Loan Maturity & Fixing Interest Rates October 2022 April 2023 October 2023 Dividend JPY 2,052 JPY 4,224 JPY 2,115 NAV (per Share) JPY 97,079 JPY 96,660 JPY 97,624 FFO (per Share) JPY 2,584 JPY 1,947 JPY 2,617 Book Value LTV 49.2% 48.7% 49.7% Market Value LTV 44.7% 45.0% 44.7% Average Interest Rate 0.81% 0.84% 0.90% Average Debt Maturity 7.0 years 7.0 years 7.1 years % Fixed Rate Loans 91.4% 91.6% 94.2% Credit Rating (JCR) A+ (Stable) A+ (Stable) A+ (Stable) * NAV = © Net Assets + Net Unrealized Capital Gains * FFO = Net Income + Depreciation + Losses on Disposal of Fixed Assets + Liability for Asset Retirement Obligation + Losses on Asset Sales - Gains on Asset Sales - Extraordinary Gains + Extraordinary Losses * Book Value LTV = Interest-Bearing Liabilities/Total Assets * Market Value LTV = Interest-Bearing Liabilities/Period-End Appraisal Value (or Appraisal Value as of Acquisition Date for Assets Acquired During Fiscal Period) * Average Debt Maturity is as of Period-End Ichigo Investment Advisors Co., Ltd. Ichigo Office REIT Investment Corporation All rights reserved. 9

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