Investor Presentaiton

Portfolio List Feb. 2022 Aug. 2022 Comparison b/w Feb.2022 and Aug.2022 Area Use Property name Acquisition price Book value Appraisal value Cap rate Gain or Loss Book value Appraisal value Cap rate Gain or Loss Appraisal value Cap rate (million yen) Rt-T-023 Tokyo Rt-T-025 Tokyo Rt-T-026 Tokyo Retail Retail Retail Mitsubishi Motors Setagaya (1) Mitsubishi Motors Sekimachi (1) 770 (million yen) 779 (million yen) (%) 1,160 4.9 (million yen) 380 (million yen) 779 (million yen) (%) 1,190 4.9 (million yen) 410 (million yen) change (%) change (%) 30 2.6 0.0 600 606 733 5.3 126 606 740 5.3 133 7 1.0 0.0 Mitsubishi Motors Higashiyamato (1) 450 455 537 7.6 81 455 537 7.6 81 0 0.0 0.0 Rt-T-027 Tokyo Retail Mitsubishi Motors Motosumiyoshi (1) 370 375 416 5.8 40 375 425 5.7 49 9 2.2 -0.1 Rt-T-028 Tokyo Retail Welcia Kawagoe Shinmeicho (*1) 350 355 438 5.0 82 355 438 5.0 82 0 0.0 0.0 Rt-T-029 Tokyo Retail Mitsubishi Motors Edogawa (1) 200 204 179 5.5 -25 204 179 5.4 -25 0 0.0 -0.1 Rt-T-030 Tokyo Retail Mitsubishi Motors Sayama (1) 160 163 187 7.9 23 163 188 7.9 24 1 0.5 0.0 Rt-T-031 Tokyo Retail NRE Kichijoji Building 10,410 10,128 11,400 3.8 1,271 10,102 11,400 3.8 1,297 0 0.0 0.0 Rt-T-032 Tokyo Retail GEMS Ichigaya 2,080 2,025 2,110 3.8 84 2,017 2,120 3.8 102 10 0.5 0.0 Rt-T-033 Tokyo Retail Sagamihara Shopping Center 6,840 6,788 7,550 5.8 761 6,753 7,550 5.8 796 0 0.0 0.0 Rt-T-034 Tokyo Retail Musashiurawa Shopping Square 2,720 2,529 2,830 6.8 300 2,538 2,820 6.8 281 -10 -0.4 0.0 Rt-T-036 Tokyo Retail Summit Store Naritahigashi (Land) 700 747 801 3.6 53 747 801 3.6 53 0 0.0 0.0 Rt-T-037 Tokyo Retail GEMS Daimon 2,060 1,999 2,070 3.8 70 1,989 2,030 3.8 40 -40 -1.9 0.0 Rt-T-038 Tokyo Retail GEMS Kanda 1,500 1,460 1,440 3.9 -20 1,454 1,440 3.9 -14 0 0.0 0.0 Rt-T-039 Tokyo Retail Summit Store Mukodaicho 5,100 5,048 5,330 4.3 281 5,035 5,330 4.3 294 0 0.0 0.0 Rt-T-040 Tokyo Retail GEMS Shinbashi 2,810 2,807 2,690 3.8 -117 2,802 2,690 3.8 -112 0 0.0 0.0 Rt-T-041 Tokyo Retail GEMS Kayabacho 2,594 2,561 2,660 4.1 98 2,549 2,660 4.1 110 0 0.0 0.0 Rt-T-042 Tokyo Retail Summit Store Honamanuma 2,160 2,157 2,890 4.5 732 2,153 2,960 4.4 806 70 2.4 -0.1 Rt-T-043 Tokyo Retail GEMS Shin-Yokohama 1,820 1,778 1,820 5.1 41 1,765 1,840 5.1 74 20 1.1 0.0 Rt-T-044 Tokyo Retail GEMS Sangenjaya 1,815 1,816 1,780 3.9 -36 1,809 1,790 3.9 -19 10 0.6 0.0 Rt-S-001 Other Retail Universal CityWalk Osaka 17,639 17,139 18,600 4.3 1,460 17,041 18,300 4.3 1,258 -300 -1.6 0.0 Rt-S-002 Other Retail Izumiya SC Senrioka 8,930 8,495 11,500 4.7 3,004 8,474 11,700 4.7 3,225 200 1.7 0.0 Rt-S-004 Other Retail Izumiya SC Yao 4,406 3,990 5,600 5.1 1,609 3,978 5,630 5.1 1,651 30 0.5 0.0 Rt-S-005 Other Retail Izumiya SC Obayashi 3,020 3,145 4,120 5.1 974 3,123 3,850 5.1 726 -270 -6.6 0.0 Rt-S-007 Other Retail EQUINIA Aobadori 1,640 1,296 1,820 4.8 523 1,274 1,830 4.8 555 10 0.5 0.0 Rt-S-008 Other Retail MEL Building 1,060 1,048 1,200 5.2 151 1,046 1,200 5.2 153 0 0.0 0.0 Rt-S-009 Other Retail NORBESA 8,500 8,617 8,570 4.6 -47 8,700 8,440 4.6 -260 -130 -1.5 0.0 Rt-S-010 Other Rt-S-011 Other Rt-S-012 Other Retail Nakaza Cui-daore Building 11,600 12,154 9,760 3.4 -2,394 12,148 9,760 3.4 -2,388 0 0.0 0.0 Retail NMF Kobe Myodani Building 3,560 3,577 3,680 4.4 102 3,580 3,680 4.4 99 0 0.0 0.0 Retail GEMS Namba 3,800. 3,781 4,300 3.8 518 3,767 4,310 3.8 542 10 0.2 0.0 174,044 172,055 195,636 23,580 171,688 194,973 23,284 -663 -0.3 Lg-T-001 Tokyo Lg-T-002 Tokyo Lg-T-003 Tokyo Logistics Landport Urayasu Logistics Landport Itabashi Logistics Landport Kawagoe 17,400 15,855 23,400 3.6 7,544 15,776 23,900 3.5 8,123 500 2.1 -0.1 15,710 14,400 21,200 3.8 6,799 14,381 21,600 3.7 7,218 400 1.9 -0.1 13,700 11,631 18,900 4.3 7,268 11,508 19,400 4.2 7,891 500 2.6 -0.1 Lg-T-004 Tokyo Logistics Landport Atsugi 11,410 9,891 12,900 3.9 3,008 9,827 13,300 3.8 3,472 400 3.1 -0.1 Lg-T-005 Tokyo Lg-T-006 Tokyo Lg-T-007 Tokyo Lg-T-008 Tokyo Logistics Sagamihara Tana Logistics Center 10,600 9,563 13,700 4.2 4,136 9,490 13,800 4.1 4,309 100 0.7 -0.1 Logistics Logistics Landport Hachioji Logistics Sagamihara Onodai Logistics Center 8,700 8,025 12,200 4.2 4,174 7,976 12,600 4.1 4,623 400 3.3 -0.1 8,250 7,128 10,900 4.2 3,771 7,057 11,100 4.1 4,042 200 1.8 -0.1 Landport Kasukabe 7,340 6,107 9,190 4.3 3,082 6,037 9,410 4.2 3,372 220 2.4 -0.1 Lg-T-010 Tokyo Logistics Atsugi Minami Logistics Center B Tower 4,590 4,055 6,320 4.0 2,264 4,027 6,490 3.9 2,462 170 2.7 -0.1 Lg-T-011 Tokyo Logistics Lg-T-012 Tokyo Hanyu Logistics Center 3,810 3,227 4,870 4.6 1,642 3,188 4,980 4.5 1,791 110 2.3 -0.1 Logistics Kawaguchi Logistics Center B Tower 3,750 3,530 4,750 4.2 1,219 3,511 4,860 4.1 1,348 110 2.3 -0.1 Lg-T-013 Tokyo Logistics Kawaguchi Logistics Center A Tower 2,830 2,737 3,800 4.4 1,062 2,724 3,860 4.3 1,135 60 1.6 -0.1 Lg-T-014 Tokyo Logistics Atsugi Minami Logistics Center A Tower 2,690 2,504 3,700 4.0 1,195 2,494 3,790 3.9 1,295 90 2.4 -0.1 60 60

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