Investor Presentaiton

Executive Summary 1 Continuing stable operations, achieving DPU growth towards mid-term target 21st FP actual 22nd FP forecast 3,350 yen (Jul. 2023) 20th FP actual: 3,283 yen (Jan. 2024) 23rd FP forecast (Jul. 2024) 3,335 yen Stabilized DPU (Note 1) 3,350 yen DPU in the 21st FP was 3,350 yen, outperforming the previous period ► Forecasting 3,335 yen for the 23rd FP (decline is in relation to the removal of property tax effect) End tenant occupancy as of the end of 21st FP was 97.8%, End tenant sales robust at 108.2% year on year (Note 2) 2 Highlights ▸ External growth Acquired 2 properties: AEON MALL Wakayama and AEON MALL Miyakonojo Ekimae Signed pipeline support contract with United Super Markets Holdings Inc. (U.S.M.H) ▸ Internal growth Increased rents through refurbishments and property expansions that enhance competitiveness of properties Finance Achieved upgrade of long-term issuer rating, due to expansion of asset size and stable cashflow Japan Credit Rating Agency, Ltd. (JCR) AA- (Positive) ⇒ AA (Stable) ▸ Sustainability Achieved target for ratio of third-party certified properties Progressing with construction work to reduce electricity usage by air-conditioning systems, to lower the environmental footprint ÆON REIT Investment Corporation LO

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