Performance Review for Fiscal Period Ended 30 September 2020

from the beginning

Performance Review for Fiscal Period Ended 30 September 2020

@

• contents(Slide only)

1. Highlights

• DPU Summary

• Operating Highlights for Sep. 2020 period(Slide only)

• Impact of COVID‐19 Pandemic

• Outlook for Office Leasing Market

• Changes in Portfolio Average Rent

Outlook for Office Leasing Market

• Revision to the Asset Management Fee Structure

• Guidelines on Handling Internal Reserves

2. Financial Results and Forecasts

• Financial Results for Sep. 2020 period

• Balance Sheets as of 30 Sep. 2020(Slide only)

• Financial Forecasts for Mar. 2021 period and Sep. 2021 period

• Factors of Increase/Decrease in DPU

3. Internal Growth

• Trends in Occupancy Rates and Turnover Rates(Slide only)

• Overview of Rent Revisions

• Net Increase of Monthly Contract Rent(Slide only)

• Trend of Net Change of Monthly Contract Rent due to Internal Growth(Slide only)

• Trends in Market Rent and Rent Gap

4. External Growth

• Acquired Property(Slide only)

5. Financial Strategy

• Summary of Debts (1)(Slide only)

• Summary of Debts (2)(Slide only)

6. Portfolio Overview

• Historical Asset Size(Slide only)

• Building Age and Diversification(Slide only)

• Trends of Appraisal Value, Unrealized Gain and NAV per unit

7. ESG

• ESG Highlights

• Toward 2030

• Response to Coronavirus Pandemic(Slide only)

• International Initiatives(Slide only)

• External Evaluation and Certifications(Slide only)

@

@

8. Appendix

• Historical Summary of Selected Financial Index in the Previous 5 Periods

• JRE’s Achievement after IPO (1)

• JRE’s Achievement after IPO (2)

• JRE’s Achievement after IPO (3)

• Breakdown of Expenses, Construction Costs and Capital Expenditure

• Management Principles

• Performance of Property Acquisitions and Dispositions

• Changes in Portfolio Average Rent

• Trends of Market Rent Level (1)

• Trends of Market Rent Level (2)

• Trends of LTV and Outstanding Borrowings by Financial Institution

• Overview of Interest‐bearing Debt

• Unitholder Data

• Major tenants

• Newly Rented & Returned Office Area of Each Property

• Occupancy Rate by Building (1)

• Occupancy Rate by Building (2)

• Performance of Each Property (1)

• Performance of Each Property (2)

• Details of Appraisal Values (1)

• Details of Appraisal Values (2)

• Trends of Property Appraisal Values

• Portfolio Map

• List of Properties / PML(1)

• List of Properties / PML(2)

• List of Properties / PML(3)

• List of Properties / PML(4)

• List of Properties / PML(5)

• Climate Change Initiatives

• Social Responsibility

• Governance (1)

• Governance (2)

• Outline of Japan Real Estate Investment Corporation

• Structure and Past Record of Fees

• Unit Price Performance

• Yield Spread Comparison / Market Capitalization

• Terms Used in this Report

@