Investor Presentaiton

Financial strategy Financial management~ Financial management Interest-bearing debt balance 21st FP (Ended Jul. 2023) 9.3billion 188.4billion Rating Credit rating agency Japan Credit Rating Agency Rating target Long-term issuer rating Rating Outlook AA Stable Breakdown of interest-bearing debt 20th FP (Ended Jan. 2023) New borrowing amount (Note) 20.8billion 179.1billion of which, investment corporation bonds 51.0billion 51.Obillion Initial period remaining 7.8yrs 7.4yrs Avg. number of years remaining 4.4yrs 3.7yrs Avg. cost of interest bearing debts 0.81% 0.78% Ratio of long-term and short-term Debts 100.0% 95.1% Money Trust 2% Fixed interest rate ratio 97.7% 92.8% Investment corporation bond (For Institutional investor), 3% Jointly-Operated Specified Investment corporation bond (For Retail) 24% as of Jul. 31, 2023 Local bank LTV (including deposits) 44.6% 44.8% 9% Available capacity (up to 50%) Approx. 46.0 billion Approx. ¥47.0 billion Megabanks 35% Loan and trust company 16% Assurance company 1% Leading bank 4% Government-controlled bank Decentration of maturity dates (as of Jul. 31, 2023(21st FP)) (100 million yen) New debt financing Existing Borrowings 6% investment corporation bonds 93 66 132 222 204 204 203 195 180 150 120 55 20 10 20 टेरे 2023 2024 2025 2026 2027 2028 2029 2030 2031 10 2036 33 ÆON REIT Investment Corporation

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