Investor Presentaiton

Portfolio Summary and Breakdown of Property-Related Revenues/Expenses (3) Hotel Okura Kobe Hotel Courtyard by Marriott Courtyard by Marriott Hotel Sunroute Plaza Tokyo Station Shin-Osaka Station Shinjuku Retail Facility SHIBUYA FLAG Ito-Yokado Shonandai Location Construction completion Acquisition date Acquisition price Book value Appraisal value Total floor space PML (Note 6) Rental revenues (thousand yen) Rental revenues Rent Common charges Land leasing revenues Other rental revenues March 1997 (Renovated in 2015) August 2009 March 2003 Chuo Ward, Kobe March 1989 (Expanded March 1995) September 2006 19,000 million yen 15,182 million yen 16,900 million yen 72,246.86m 17.8% Chuo Ward, Tokyo February 2014 Yodogawa Ward, Osaka Shibuya Ward, Tokyo August 2007 Shibuya Ward, Tokyo Fujisawa City, Kanagawa November 2002 March 2023 17,017 million yen 16,980 million yen 17,017 million yen 51,242.93m (Note 11) Period ended Period ended Feb. 2023 Aug. 2023 524,794 7.1% Period ended Period ended Feb. 2023 Aug. 2023 March 2023 17,400 million yen 17,352 million yen 17,500 million yen 17,002.28m (Note 12) 4.4% Period ended Period ended Feb. 2023 157,682 March 2023 32,500 million yen 32,447 million yen 32,400 million yen 20,451.25m 5.1% Period ended Period ended Feb. 2023 Aug. 2023 653,716 652,336 Aug. 2023 524,794 629,178 169,829 629,178 169,829 278,669 296,436 653,416 278,567 157,682 296,436 652,336 April 2013 32,040 million yen 32,352 million yen 41,700 million yen 7,766.49m 11.9% Period ended Period ended Feb. 2023 Aug. 2023 11,600 million yen 9,587 million yen 11,700 million yen 53,393.66m 14.0% Period ended Period ended Feb. 2023 Aug. 2023 312,542 312,500 375,045 375,000 101 1,080 1,380 42 45 Property-related expenses 262,734 192,677 70,218 61,934 74,050 77,702 178,542 126,352 92,013 92,437 Property and other taxes Property taxes 71,494 73,594 22,646 71,494 73,594 22,646 23,072 14,112 14,564 68,721 72,784 39,094 38,987 23,072 14,112 14,564 68,721 Other taxes 72,784 Undisclosed Undisclosed (Note 7) 39,094 38,987 (Note 7) Overhead expenses 22,668 25,595 4,121 1,651 5,515 4,125 1,380 1,408 2,232 16,223 Property management fees 1,350 1,340 Utilities Casualty insurance 6,567 8,008 421 427 815 Trust fees 1,666 2,000 238 238 200 828 200 1,180 200 Other expenses Depreciation and amortization 14,434 15,587 3,462 985 3,096 Profits and losses from real estate rental business Earnings before depreciation and amortization (NOI) NOI yield (Note 8) 168,571 93,488 262,060 436,501 430,632 529,989 43,450 37,209 99,610 216,735 143,061 253,944 4,500 54,421 59,012 108,440 52,159 83,632 218,733 474,874 527,363 535,714 647,570 138,053 277,746 583,315 579,522 556,652 669,732 1,199 200 9 882 1,075 13,808 50,687 37,226 220,528 282,608 271,215 319,834 5.6% 3.2% 3.6% 4.2% (Note) The results for the fiscal period ended February 2023 are for five months. For properties formerly owned by MORI TRUST Hotel Reit, Inc. (the 5 hotel properties other than Hotel Okura Kobe), information has been indicated by referring to its fiscal period ended February 2023 (results for 6 months). 3.0% 5.5% 53

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