Investor Presentaiton

21st FP (Jul. 2023) financial summary The addition of newly acquired properties contributed to DPU growth, leading to the 67 yen period-on-period increase (Unit million yen) Difference from forecast (A-B) 21st FP Ended Jul. 31, 2023 20th FP Ended Jan. 31, 2023 Result Intial Forecast Differences Amount Result Differences Item no. Item (mm yen) A B A-B C A-C Increase in distribution from rent growth and currency gain +16 (1) Increase in insurance claims received +21 Operating Revenues 21,008 20,959 +48 19,987 4 +1,020 Increase in repair & maintenance expense +92 Decrease in fund cost ▲39 Operating Expenses 13,037 13,014 (2) +23 12,367 5 +670 Decrease in depreciation ▲24 Operating Income 7,970 7,945 +25 7,620 +350 Decrease in leasehold amortization etc. for newly acquired properties 16 Decrease in other expenses 15 Ordinary Income 7,048 7,019 +28 6,713 6 +334 Period-on-period difference (A-C) Extraordinary Income 76 Amount 76 Item no. Item (mm yen) Increase in operating revenue from the addition of newly acquired properties +992 Extraordinary Loss 65 8 65 Increase in operating cost from the addition of newly acquired properties +494 Increase in repair & maintenance expense +115 Net Income 7,047 7,019 +28 6,724 (5) +323 Increase in insurance premium +33 Increase in fund cost +17 Reversal of dividend reserves +65 +96 31 10 +76 (6) Increase in financing cost 16 Decrease in relation to the insurance claim for Typhoon 14 in Sep. 2022, received in the previous period 76 ΝΟΙ 14,476 14,533 56 13,777 +698 8 Decrease in losses related to Typhoon 14 in Sep. 2022 65 Distributions per Unit (yen) (Note) 3,350 3,350 3,283 +67 ÆON REIT Investment Corporation 00

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