Investor Presentaiton

22nd FP (Jan. 2024), 23rd FP (Jul. 2024) forecast Aiming for steady growth towards mid-term target of stabilized DPU of 3,600 yen 22nd FP Ended Jan. 31, 2024 (Unit mm yen) 23rd FP Ended Jul. 31, 2024 Forecast Announced Differences Forecast Announced on Sep. 13, 2023 Forecast Announced on Mar. 17, 2023 Differences on Sep. 13, 2023 A B A-B C C-A Operating Revenues 20,976 20,957 +19 20,997 4 +20 Operating Expenses 12,956 12,959 A2 12,983 +26 Operating Income 8,019 7,998 +21 8,013 ▲6 Ordinary Income 7,036 7,020 +16 7,004 6 A32 Net Income 7,036 7,020 +16 7,004 32 Reversal of dividend reserves 80 96 ▲16 80 +0 Distributions per Unit (\) 3,350 3,350 3,335 ▲15 Present 22nd FP forecast VS previous forecast (A-B) 23rd FP forecast VS 22nd FP forecast (C-A) Amount Amount Item no. Item (mm yen) Item no. Item (mm yen) Increase in rental revenue and dividends received Increase in financing cost +21 4 Increase in rental revenue +19 ▲ 5 Decrease in leasehold amortization etc. for newly acquired properties Precondition: Currency rate used for the forecast of 22nd FP and 23rd FP 1RM = 28.00 JPY Number of investment units issued in the 22nd FP and 23rd FP 2,123,952 units Start booking property tax expenses for properties acquired in 2023 +147 16 Decrease in depreciation ▲139 Increase in repair & maintenance expense +62 Decrease in fund cost ▲35 (6) Increase in financing cost ▲25 8 ÆON REIT Investment Corporation

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