2H 2021 (41st Period) Investor Presentation

from the beginning

2H 2021 (41st Period) Investor Presentation

• CONTENTS

1. Financial Highlights

• 1-1 Financial Highlights (1/3)

• 1-1 Financial Highlights (2/3)

• 1-1 Financial Highlights (3/3)

• 2. Financial Results

• 2-1 2H/2021 (41st Period) Statement of Income

• 2-2 2H/2021 (41st Period) Balance Sheet

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3. Operating Results & Outlook

• 3-1 Operating Policies

• 3-2 Replacement Strategy (Announced after March 2021)

• 3-3 External Growth: Property Acquisition (1/2)

• 3-3 External Growth: Property Acquisition (2/2)

• 3-4 Internal Growth(1/2)

• 3-4 Internal Growth(2/2)

• 3-5 Construction Expenses(CAPEX+Repair Costs)

• 3-6 Finance

• 3-7 Appraisal Value

4. Forecast

• 4-1 1H/2022 (42nd Period), 2H/2022 (43rd Period) Forecasts

• (Reference) Performance Forecast

• 4-2 Policy for Using Retained Profits and Gains on Transfer

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) (1/4) Pipeline

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

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

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

• 6-5 Stable Financial Management

7. ESG Initiatives

• 7-1 ESG Initiatives Policy

• 7-2 Setting Materiality and KPI

• 7-3 Environment Initiatives

• 7-4 Social Initiatives for Tenants and NBFM Employees

• 7-5 Governance Initiatives

8. Appendix

• 8-1 Top 10 Tenants (Leased Floor Space Basis) /Tenants by Industry

• 8-2 Floor Space of Tenants Moving in and out by Property (2H/2021)

• 8-3 Property Age

• 8-4 Financial Management

• 8-5 Lenders & Borrowings

• 8-6 Overview of Unit Ownership

• 8-7 Historical Summary of Main Management Indicators and Other Data

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

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

• 8-9 Appraisal Value(1/3) (23 Wards of Tokyo)

• 8-9 Appraisal Value(2/3) (23 Wards of Tokyo)

• 8-9 Appraisal Value(3/3) (Other Greater Tokyo & Other Cities)

• 8-10 Revenue by Property (1/3) (23 Wards of Tokyo)

• 8-10 Revenue by Property (2/3) (23 Wards of Tokyo & Other Greater Tokyo)

• 8-10 Revenue by Property (3/3) (Other Cities)

• 8-11 Portfolio Map

• 8-12 Properties (1/4) (23 Wards of Tokyo)

• 8-12 Properties (2/4) (23 Wards of Tokyo)

• 8-12 Properties (3/4) (23 Wards of Tokyo & Other Greater Tokyo)

• 8-12 Properties (4/4) (Other Cities)

• Disclaimer