Investor Presentaiton

Statements of income of 21st FP (as of Jul. 31, 2023) (Statements of Income) 20th FP (From Aug. 1, 2022 to Jan. 31, 2023) 21st FP (From Feb. 1, 2023 to Jul. 31, 2023) Percentage 100.0% 99.2% (Breakdown of revenues and expenses related to real estate leasing business) 20th FP (From Aug. 1, 2022 to Jan. 31, 2023) Amount (thousands of yen) 21st FP (From Feb. 1, 2023 to Jul. 31, 2023) Amount (thousands of yen) Amount (thousands of yen) Percentage Amount (thousands of yen) Percentage Percentage Operating revenue Rent revenue - real estate Dividends received 19,987,482 100.0% 21,008,316 19,826,986 99.2% 20,844,445 Rent reveue - real estate Rent revenue 19,826,986 100.0% 20,844,445 100.0% 19,771,845 99.7% 20,768,288 99.6% 160,496 0.8% Operating expenses 12,367,105 61.9% 163,870 13,037,455 0.8% Other rent revenue real estate 55,140 0.3% 76,156 0.4% 62.1% Expenses related to real estate leasing business 11,217,082 56.6% 11,870,427 56.9% Expenses related to rent business 11,217,082 56.1% 11,870,427 56.5% Property and facility management fees 49,401 0.2% 51,139 0.2% (Depreciation) (5,167,847) (25.9%) (5,502,443) (26.2%) Repairs and maintenance expenses 808,009 4.1% 931,978 4.5% Asset management fee 928,873 4.6% 938,765 4.5% Asset custody fee 22,176 0.1% 23,053 0.1% Insurance expenses 260,085 1.3% 309,562 1.5% Trust fees 24,768 0.1% 25,271 0.1% Administrative service fees 62,358 0.3% 64,543 0.3% Land rent paid 2,596,579 13.1% 2,740,708 13.1% Director's compensation 5,400 0.0% 5,400 0.0% Taxes and dues 2,259,425 11.4% 2,262,558 10.9% Taxes and dues 8,754 0.0% 6,270 0.0% Other operating expenses 122,460 0.6% 128,994 0.6% Depreciation 5,167,847 26.1% 5,502,443 26.4% Water charges 43,679 0.2% 37,876 0.2% | Operating income 7,620,377 38.1% 7,970,860 37.9% Other expenses related to rent business 7,285 0.0% 8,888 0.0% Non-operating income 1,168 0.0% 1,151 0.0% ΝΟΙ 13,777,751 14,476,461 Interest income 132 0.0% 152 0.0% Refund of unpaid distributions 1,035 0.0% 878 0.0% Rent reveue real estate (+) 19,826,986 20,844,445 Other 120 0.0% Expenses related to real 11,217,082 11,870,427 Non-operating expenses Depreciation (+) 5,167,847 5,502,443 907,693 4.5% 923,837 4.4% Interest expenses 500,535 2.5% 515,866 2.5% Interest expenses on investment corporation bonds 217,999 1.1% 215,139 1.0% Amortization of investment unit issuance expenses 10,625 0.1% 15,425 0.1% Amortization of investment corporation bond issuance expenses 19,461 0.1% 19,461 0.1% Borrowing related expenses 158,491 0.8% 157,944 0.8% 580 0.0% Il Ordinary income III Extraordinary income Insurance income III Extraordinary loss Loss on disaster 6,713,852 33.6% 7,048,174 33.5% 76,335 0.4% 76,335 0.4% 65,424 0.3% 23,879 0.1% Provision for loss on disaster 41,545 0.2% IV Income (loss) before taxes 6,724,762 Income taxes - current 605 V Net income (loss) 6,724,157 Retaind earnings brought forward 738 VI Unapropriated retained earinngs (undisposed loss) 6,724,896 33.6% 0.0% 33.6% 0.0% 33.6% 7,048,174 605 33.5% 0.0% 7,047,569 2,000 7,049,570 33.5% 0.0% 33.6% ÆON REIT Investment Corporation 63

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