Investor Presentaiton

Internal growth (2/3) ~ Main topics of 21st FP ~ Engaged in revitalization investment in accordance with changes in local environment, contributing to the development of a sustainable local community Rent growth through revitalization investment - AEON MALL Morioka ~ Property AEON MALL Morioka Overview of construction Shutter installation work due to area expansion Renewal in line with the opening of the new station The closest station to AEON MALL Morioka, JR Tazawako Line Maegata Station newly opened in Mar. 2023 Refurbishments were carried out in stages starting about a year ago in conjunction with the opening of the new station Station opened Work of area expansion (Revitalization investment) ~ Investment amount Rent growth vs investment (annual) 38 mm yen +8.2% Overview of the renewal ► About 20% of the tenants were replaced by Master lessee ►Installation work for fireproof shutters necessary to attract tenants was carried out by AEON REIT Two sections were merged into one, attracted general store opened in Iwate prefecture for the first time Tenant replacement area Tenants replacement in stages 2022 Apr. 2023 Mar. Apr. Jun 1 minute walk from Maegata Station to AEON MALL Morioka Maegata Sta. Morioka IC AEON MALL Morioka 1 AEON REIT Investment Corporation 46 To Morioka Sta. Expanded tenant area by section adjustment work, attracted a popular apparel store (One of the largest sales floor area in the northern Tohoku) 15

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