January-June 2020 (38th Period)
Investor Presentation

from the beginning

January-June 2020 (38th Period) Investor Presentation

• CONTENTS

• NBF Policies and Initiatives for COVID‐19

1.Financial Highlights

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• 1-1 Financial Highlights (1/3)

• 1-1 Financial Highlights (2/3)

• 1-1 Financial Highlights (3/3)

2.Financial Results

• 2-1 1H/2020 (38th Period) Statement of Income

• 2-2 1H/2020 (38th Period) Balance Sheet

3.Operating Results & Outlook

• Operating Policies to Accommodate COVID-19

• NBF's Growth Strategies

• 3-1 External Growth

• 3-2 External Growth (acquisition planned in 39th Period) (1/2)

• 3-2 External Growth (acquisition planned in 39th Period) (2/2)

• 3-3 External Growth: NBF Shinkawa Building Disposition

• 3-4 Internal Growth(1/2)

• 3-5 Internal Growth(2/2)

• 3-6 Finance (1/2)

• 3-6 Finance (2/2)

• 3-7 Appraisal Value Assessment

4.Forecast

• 4-1 2H/2020 (39th Period), 1H/2021 (40th Period) Forecasts

• (Reference) Performance Forecast

5.Market Data

• 5-1 Trends in the Office Building Leasing Market (1/2)

• 5-1 Trends in the Office Building Leasing Market (2/2)

• 5-2 Trends in the Real Estate Trading Market

• 5-3 NBF Unit Price, TSE REIT Index & 10-Year Japanese Government Bond Yields

• 6.NBF's Competitive Advantages

• 6-1 J-REIT with the Longest Track Record (1/2)

• 6-1 J-REIT with the Longest Track Record (2/2)

• 6-2 The Largest J-REIT in Size

• 6-3 A Portfolio Focused on Tokyo

• 6-4 Collaboration with Sponsor (Mitsui Fudosan Group) (1/3) Pipeline

• 6-4 Collaboration with Sponsor (Mitsui Fudosan Group) (2/3) Leasing

• 6-4 Collaboration with Sponsor (Mitsui Fudosan Group) (3/3) Property Management

• 6-5 Stable Financial Management

7.ESG Initiatives

• 7-1 ESG Initiatives(Highlights)

• 7-2 ESG Initiative Policy

• 7-3 Environment Initiatives (1/2)

• 7-3 Environment Initiatives(2/2)

• 7-4 Social Initiatives(1/2)

• 7-4 Social Initiatives((2/2)

• 7-5 Governance Initiatives

8.Appendix

• 1 Top 10 Tenants (Leased Floor Space Basis) /Tenants by Industry

• 2 Floor Space of Tenants Moving in and out by Property (1H/2020)

• 3 Property Age

• 4 Financial Management

• 5 Lenders & Borrowings

• 6 Overview of Unit Ownership

• 7 Historical Summary of Main Management Indicators and Other Data

• 8 Property Portfolio Overview (1/2) ‐ 23 Wards of Tokyo

• 8 Property Portfolio Overview (2/2) ‐ Other Greater Tokyo & Other Cities

• 9 Appraisal Value(1/3) ‐ 23 Wards of Tokyo

• 9 Appraisal Value(2/3) ‐ 23 Wards of Tokyo

• 9 Appraisal Value(3/3) ‐ Other Greater Tokyo & Other Cities

• 10 Revenue by Property (1/3) ‐ 23 Wards of Tokyo

• 10 Revenue by Property (2/3) ‐ 23 Wards of Tokyo & Other Greater Tokyo

• 10 Revenue by Property (3/3) ‐ Other Cities

• 11 Portfolio Map

• 12 Properties (1/4) ‐ 23 Wards of Tokyo

• 12 Properties (2/4) ‐ 23 Wards of Tokyo

• Properties (3/4) ‐ 23 Wards 12 of Tokyo & Other Greater Tokyo

• 12 Properties (4/4) ‐ Other Cities

• Disclaimer