Performance Review
for Fiscal Period Ended 30 September 2025
（Zoom Webinars)

from the beginning

Performance Review for Fiscal Period Ended 30 September 2025

• agenda(Slide only)

1 Financial Results and Forecasts

• Key Takeaways

• Sep. 2025 Period Financial Results

• Balance Sheets as of 30 Sep. 2025(Slide only)

• Performance Forecasts for Mar. 2026 Period and Sep. 2026 Period

2 Highlights

• Change in Rent due to Internal Growth

• Occupancy Rate

• Rent Revision

• Key Metrics for Internal Growth

• Sponsor Pipeline-sourced Properties（1）

• Sponsor Pipeline-sourced Properties（2）

• Acquired Property

• Finance Profile

• Recent Borrowing Cases

• Future Dividend Strategy

3 ESG

• ESG Topics

• External Evaluations(Slide only)

• International Initiatives(Slide only)

• History of JRE’s ESG Initiatives(Slide only)

4 Portfolio Overview

• Appraisal Value and NAV(Slide only)

• Asset Size Trends(Slide only)

• Building Age and Diversification(Slide only)

5 Appendix

• Turnover Rate and Rent Change Rate

• Market Rent of Portfolio Properties and Rent Gap

• Trends in Market Rent Levels (1)

• Trends in Market Rent Levels (2)

• Major Tenants

• Newly Leased & Vacated Office Spaces by Property

• Occupancy Rate by Property (1)

• Occupancy Rate by Property (2)

• Performance by Property (1)

• Performance by Property (2)

• Details of Appraisal Values (1)

• Details of Appraisal Values (2)

• Trends in Property Appraisal Values

• Value-Enhancement Renovations

• Property Replacement

• Disposed Property

• Selected Financial Indexes in the Last 5 Periods

• LTV Trends and Debt Financing Balance by Financial Institution

• Materiality

• Climate Change Initiatives (1)

• Climate Change Initiatives (2)

• Climate Change Initiatives (3)

• Climate Change Initiatives (4)

• Climate Change Initiatives (5)

• Social Responsibility

• Governance (1)

• Governance (2)

• JRE’s Achievements Since Listing (1)

• JRE’s Achievements Since Listing (2)

• JRE’s Achievements Since Listing (3)

• JRE’s Achievements Since Listing (4)

• Unitholder Data

• Outline of Japan Real Estate Investment Corporation

• Management Policy

• Structure and Past Record of Fees

• Unit Price Performance

• Yield Spread Trends / Market Capitalization

• Terminology Used in this Document

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In conclusion