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Investor Presentaiton

Unit Price Performance Unit Price and Trading Volume (yen) 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 // Relative Unit Price Performance 115 110 105 100 95 90 18/9/3 18/9/12 Daiwa House REIT Investment Corporation ཅིག་རྩ་གཅིག་་ཅིག ། ཟླཟླ་སྤྱི་ཟླ་ཆ་༧ ཟླ་ 06/3 06/9 07/3 07/9 08/3 08/9 09/3 09/9 10/3 10/9 11/3 11/9 12/3 12/9 13/3 13/9 14/3 14/9 15/3 15/9 16/3 16/9 17/3 17/9 18/3 18/9 19/3 Trading volume (RHS) Investment unit (closing) price (LHS) (Note) Adjusted to take into account two-for-one unit splits effective as of March 1, 2013 and March 1, 2015. 18/9/21 18/9/30 18/10/9 18/10/18 18/10/27 18/11/5 18/11/14 18/11/23 18/12/2 18/12/11 18/12/20 18/12/29 19/1/7 19/1/16 19/1/25 Daiwa House REIT TSE REIT Index (Note) Indexed with the September 3, 2018 (start of the period ended Feb. 2019) closing prices of DHR's unit and TSE REIT Index. 19/2/3 19/2/12 19/2/21 19/3/2 19/3/11 19/3/20 19/3/29 19/4/7 19/4/16 26 (units) 120,000 100,000 80,000 60,000 40,000 20,000 0
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