Glp J-reit · TSE:3281
Glp J-reit — Citi's 2026 Global Property CEO Conference
12 slides from Glp J-reit's conference presentation, March 2026
Slide 1: Supplementary Materials for GLP J-REIT
GLP Yachiyo Ⅴ Supplementary Materials for GLP J-REIT GLP J-REIT (TSE.3281) March 2026 All forecasts and projections presented herein are based on actual acquisitions and realized performance. They do not reflect hypothetical or back-tested results, and are intended solely to illustrate potential out
Slide 2: Disclaimer
Disclaimer These materials are for informational purposes only, and do not constitute Statements contained herein that relate to future operating performance or form a part of, and should not be construed as, an offer to sell or a are forward-looking statements. Forward-looking statements are based
Slide 3: Why GLP J-REIT? A Leading J-REIT with Growth Opportunities, Stability and a Strong Financial Base
Why GLP J-REIT? A Leading J-REIT with Growth Opportunities, Stability and a Strong Financial Base ⚫ Since listing, we have generated a ~13% annualized total return (price + distributions) 1 Demonstrated Track ⚫ Attractive financial growth from differentiated property management and well-placed logis
Slide 4: Why Japan? Japan is Experiencing a Resurgence in Economic Growth
Why Japan ? Japan is Experiencing a Resurgence in Economic Growth Japan is entering its fourth year of inflation above 2%, driving real wage growth and an increase in Japanese capital expenditure, providing sustainable tailwinds for the Japanese economy1 Inflexion Point from Deflation 1 Opportunitie
Slide 5: Why J-REIT? Major REITs Performance and Investment Yield
Why J-REIT? Major REITs Performance and Investment Yield J-REITs have delivered the top performance among major REIT markets in 2025, while offering attractive yield spreads compared to global peers2 Unit Price Performance (2025) and Market Capitalization 1 Investment Yield2 30% Market Cap (bn USD)
Slide 6: Why Logistics? Sustained Demand for Modern Logistics Facilities
Why Logistics ? Sustained Demand for Modern Logistics Facilities Demand growth for modern logistics facilities over the next 3-years expected to be driven by e-commerce and need for efficient higher specification warehouse space1 E-Commerce Expansion to Sustain Demand Growth 1 Affordability For Effi
Slide 7: Why Logistics? Peaking New Supply in Key Markets
Why Logistics ? Peaking New Supply in Key Markets Construction deliveries have significantly slowed since 2023, leading to a favorable logistics supply and demand outlook for investors Declining Number of Overall Land Transactions 1 Declining New Supply Amidst Resilient Absorption 1 600 Transaction
Slide 8: GLP J-REIT is one of the largest J-REITs in terms of scale
Why GLP J-REIT? GLP J-REIT is one of the largest J-REITs in terms of scale GLP J-REIT has the sixth largest market capitalization among 58 J-REITs It also boasts one of the largest asset sizes and high yields among J-REITs in the logistics sector GLP J-REIT's Position in the Overall J-REIT GLP J-REI
Slide 9: Demonstrated Track Record of Growth
Why GLP J-REIT? Demonstrated Track Record of Growth Total distribution per unit in August 2025 is the highest in company’s history NAV per unit in August 2025 is also the highest in company’s history1 Distribution per Unit Performance NAV per Unit 1 (yen) (10,000 yen) 8,000 Grown 1.57 times in 10 ye
Slide 10: Differentiated Logistics Design
Why GLP J-REIT? Differentiated Open hub Create value and new Integrated chain Integration of the supply business opportunities chain in one location Logistics Design R&D Factory, lab “Ring” - common area Our cutting-edge, state-of- designed to connect people, Cold storage Terminal create encounters,
Slide 11: Demonstrated Operational Outperformance
Why GLP J-REIT? Demonstrated Operational Outperformance Leveraging our differentiated portfolio, state of the art properties and value-add services support our growth initiatives Lease renewal performance 1 Examples of Rent Growth 2 Lease ratio +9.4% (vs. 5.9% average BTS Property at Route 16 area +
Slide 12: Note
Note P3 1. Since listed returns are annualized since listed 12/21/2012. Actual individual stockholder returns will vary. Net returns are calculated using the fund’s NAV and assume distributions are reinvested at NAV on the semi-annual period-end date. The inception date used is the date in which the
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