Performance Review
for Fiscal Period Ended 31 March 2025
（Zoom Webinars)

from the beginning

Performance Review for Fiscal Period Ended 31 March 2025

• agenda(Slide only)

1 Highlights

• Performance Highlights

• Factors of Changes in DPU (Actual)

• Factors of Changes in DPU (Forecast)

• Future Asset Management Strategy

• Future Dividend Strategy (New Growth Target)

2 Summary

• Occupancy Rate and Tenant Turnover

• Rent Revision (1)

• Rent Revision (2)

• Value-Enhancement Renovations(Slide only)

• Overview of Property Replacement

• Acquired Property (1)(Slide only)

• Disposed Property (1)

• Replacement Property Provision Agreement

• Disposed and Acquired Property (2)(Slide only)

• Finance Profile (1)

• Finance Profile (2)(Slide only)

• Appraisal Value and NAV(Slide only)

• ESG Topics (1)(Slide only)

• ESG Topics (2)

• External Evaluations(Slide only)

• International Initiatives(Slide only)

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

3 Portfolio Overview

• Asset Size Trends

• Building Age and Diversification

4 Financial Results and Forecasts

• Mar. 2025 Period Financial Results

• Balance Sheets as of 31 Mar. 2025

• Performance Forecasts for Sep. 2025 Period and Mar. 2026 Period

5 Appendix

• Turnover Rate and Rent Change Rate

• Newly Leased & Vacated Office Spaces by Property

• Occupancy Rate by Property (1)

• Occupancy Rate by Property (2)

• Major Tenants

• Breakdown of Lease Types (Monthly Contract Rent Basis)

• Trend in Net Change in Monthly Contract Rent Due to Internal Growth

• Trendsin Portfolio Average Rent

• Trends in Market Rent Levels (1)

• Trends in Market Rent Levels (2)

• Performance by Property (1)

• Performance by Property (2)

• Track Record of Property Acquisitions and Dispositions

• Selected Financial Indexes in the Last 5 Periods

• LTV Trends and Debt Financing Balance by Financial Institution

• Overview of Interest-bearing Debt

• Details of Appraisal Values (1)

• Details of Appraisal Values (2)

• Trends in Property Appraisal Values

• 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)

• 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)

• 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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