Supplementary explanatory materials for the press release published today

Section Title

This document is organized as supplementary explanatory materials for the notices regarding acquisition and transfer of domestic real estate trust beneficiary interests and transfers of domestic real estate, and notices regarding operations and distribution forecasts. It details the policy of enhancing investor value through asset replacement, including acquiring growth-oriented hotels in the city center at favorable yields and raising distribution levels through five years of disposals. The supplement includes specific information such as the planned acquisition price for MIMARU Tokyo Ikebukuro of 11,502 million yen, appraised value of 17,200 million yen, acquisition date scheduled for September 1, 2026, and presents indicators such as assumed NOI yield of 6.0% and after-depreciation NOI yield of 5.6%.

Section 2

Looking ahead, it is emphasized that DPU for the February 2027 term is expected to rise by 6.8% from the previous forecast, and the policy of distributing gains from disposals over five years is maintained. The increase in DPU is explained as arising from a combination of acquisitions and sale gains, and while future distribution forecasts beyond 2028 are undecided, multiple property transfer schedules are noted. The continuity of portfolio reorganization aimed at enhancing investor value is highlighted.