Sankei Real Estate Inc. · TSE:2972
Sankei Real Estate — FY2026 Earnings Presentation
40 slides from Sankei Real Estate's earnings presentation, Oct 19, 2026
Slide 1: Fiscal period ended August 2026 (15th) results presentation
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Slide 2: Disclaimer
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Slide 3: Agenda
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Slide 4: 1. Overview of results
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Slide 5: Topics
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Slide 6: Summary of period results
RAN\TSTh ORE ~ O Pus UPWLATF—MABEA m SHPRAIS, SPARC RR at 20268 Ai (815k) RARE Eee ANG 3,72985A Be Fles 2,08455 4 BBS Flas 1,71984 —O4EU Sa 3,680F/O DPU(—D YEU DEE) OPEB pity 3,560 3,680 91000 2,369 2,451 2,361 2,000 1,000 0 0 24/888 25/288 9255/8) = 26/288 = 26/8HA 26 /8HA (1188) (381288) (581388)
Slide 7: Summary of period results by item
RANTITh Sirah O Pus UPWLATF—MABEA Eee aveag BALA SRA AURA BBARA TSEC A EOLA AME STA Bean SASRRAAS EBA AGERE (ee DARD SUTRAS OR RBSeRAS A FOWERERAST SSeFdS (BIRR) EWR BR RAAFRS (IBA) AREAS SAAS (RARER ER) IRATE BARS Flies (4 AA LEBIRS) —AYEU See SSRINOI 2,882 2,882 2,181 31 78 26/88 (#1588) FAR(B) 3,
Slide 8: 2. Management status
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Slide 9: Portfolio operating status
wA\TSTh Ame Onh-hIsUA ~ O Pus UPWLATF—MABEA B MET U—YEIT 4 UT IORBICKY. KR-bI4UAR ESS R-hIAUAAEY OB NOTABLY (tS) (BAVANOTRIEY OOS) 8.0% 6.0% 6:2% 54% 5.5% 0% 09 4.1% 4:2% 4.0% 4.0% 4.4% 2.0% 33% 3.5% 3.5% 0.0% 24/84 25/238 25/838 26/238 26/8348 (381198) (#1258) (381378) (3814 78) (381538) MAA RO RAS
Slide 10: Rent revisions and tenant status
a, BRVISh ABA O74 ZEN De Niele BFA ASIC AY RACES CHES. SUSAR (FD) Ik, HERE 4. 2 18 BAKERAOES FARA PGR Vy TORS SAAERAEA (RARE —2) HM igcos 18811 nggoe 18927 18,826 SM Rea " 100% 00% 9.3% 18,000 26.8% 80% 46.1% 17,000 60% 24/838 25/258 25/88 26/238 26/84 gam 730% «93.8% 81188) 81288) R138) 8141) B15)
Slide 11: MEMO
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Slide 12: Hotel operating performance
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Slide 13: Hotel rent and operator breakdown
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Slide 14: Borrowings and unit price
te Noreen B BIOUIPIFVAIS, 67 AORHBAIC Cth BABB \ 15-1 h20269R 28m) RICDIP THF YAIR (202649 A 2A) . 5 16448F9 ESF +0.50% Px) 495189 54.9% 48.9% (ent) > 55. 75182026411 AZEN CREPE peaql | BEST | TEER z) a | rT 136% a7.1% 1st APLOMB 2. Livid 20269 OWT SARL ETERNLTVCT. | 27/208G81698) — 27/898(581796)_
Slide 15: Financial status
. _ \ ~ OS PUT UPL AT— MARA AN\TSTh MS LT VO HES RAR LEO 50.0% 49.8% 100.0% 47.9% 47.8% 47.9% 48.0% 48.9% 90.0% 91 go 4 5 78.1% 46.0% WALT VKH (45 ~50%) 80.0% 9 9 44.0% 70.0% 67.3% 66.9% 42.0% 60.0% 54.9% 54.9% 40.0% 50.0% 24/898 25/248 25/884 26/248 26/8%4 24/88) 25/288 25/888 26/2 26/8HA 26/9/2 (3
Slide 16: LY
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Slide 17: Forecast comparison
Pele O Pus UPWLATF—MABEA (BAR) Bae RABAREAE FR SPR A SEAR 36 AERA 74 FORA 1,427 AES TNE = BRR 1,645 RRSARRAE 1,285 NESE 145 AGERE 12 (ae 404 AAA 287 SSMS 314 EOE 20 Bassas 2,444 TOWERS 360 Eset 2,084 BORE 20 ESA 309 EAS 1,795 BARS Sat 76 NA RAES 1,719 BABAR AES to} SARL D Flas 1,719 OYE Uae 3,680F/0
Slide 18: 4. Appendix
LY ~ O Pus UPWLATF—MABEA 4. Appendix
Slide 19: Balance sheet
Satie O Pus UPWLATF—MABEA (FFA) oe REO RE RERORR SARARO GAR BARAT aL AIEEE RBEAE Bene SUaERE SY (AURA) (SaTAB RY (RD ATS OIE (UA) TA BARU ice (A) fart tit SVeeREAH RUBCRE YIRIIP RUEEAE SH RALOHOBE RAL BEKAE EBERURES SHEARER U RIES RACOWOBEREt eneast aeast 8,061,601 10,042,192 2,241,226 2,302,915 37,
Slide 20: Income statement
O Pus UPWLATF—MABEA (FRA) SS Bat ASSRA 2,181,224 2,192,217 SOME RIRA 700,853 1,537,613 BeRAAat 2,882,078 3,729,831 BS8R ARSRAA 947,798 1,285,075 RRR 4,933,559 - BEER 259,435 273,103 REREFA 2,056 1,985 REBAR FAA 15,018 14,093 SE 3,600 3,600 FOHBRAB 43,789 67,381 Bema 6,205,258 1,645,238 BFR RISERIAK(
Slide 21: Cash flow statement
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Slide 22: Property-level income and expenses
O Pus UPWLATF—MABEA ras — 321,758 69,623 193,736 —-182,199 84,239 94,015 93,881 302,704 64,458 179,836 162,354 67,583 86,780 71,749 - - 2,124 3,600 5,937 : 3,587 13,161 4,665 9,027 12,162 7,282 4,361 9,638 REBIRA 5,598 456 1,662 2,580 3,210 2,610 1,626 294 43 1,086 1,502 226 263 1,280 112,229 29,664
Slide 23: Property-level income and expenses (continued)
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Slide 24: Key indicators trend
SE RERCKPI) b Nee 428 AHA 2025427 58 642A 202648A (551178) (129A) 381374) (331438) (3815A) NOTFIEIY CASS) 4.0% 4.1% 4.2% 5.1% 6.2% NOTFIELY (85 AEE) 3.8% 3.9% 4.1% 4.7% 5.7% {RANANOTAEY teh) 3.3% 3.5% 3.5% 4.4% 5.5% (RAVANOTRIGEY (HEE MMS) 3.2% 3.3% 3.5% 4.0% 5.0% AVIS RAY FL BHA) 4.6% 4.7% 4.5% 4.5
Slide 25: MEMO
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Slide 26: Portfolio property list
mh-hI4zUA-K OD ~ OS PUT UPL AT— MARA S-GATE S-GATE BABABT ER RRBPRE REE 2018108 20179A 2019%3A 201943A 14,148 2,055 16,000 2,960 3.6% 4.7% 100.0% 100.0% 2.0% 2.2% Brea TUTTE Rew FREER 19926 2019438 5,829 7,240 3.8% 100.0% 3.1% x ABORNRMIC CREST SMES. ADIAZAEW ATH WUTTEW RMBPRE 19659A 201943A 4,959 5
Slide 27: Portfolio property list (continued)
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Slide 28: Portfolio by asset type
#R-KIAUAYVU— N OS Pus UPWLAT—MRBEA Prey RULER A774 AE VERBIEIS ) UP BIER PHURRILNTARYD ADAACWORBA: 100.0% 2 BRERA RAIL AU — PARLE SERA 55a 3008 4.6% LLAy z 271% 3 A _ 1 % Lhe 4% PRYbRBTVU— aE ER aK SRENOTAUITYY SABER ADI ZEW 459189 54.8% Btn 93.6% 3.9% 25.5 aie RTL 327689 39.0% OMe 100.0% 4.5% 7.8 P
Slide 29: Appraisal values by property
O Pus UPWLATF—MABEA Sine OA Se iat nthe S-GATEBAIEABT 14,148 15,800 3.1% 16,000 13,995 -+2,004 3.1% +200 S-GATEHSRR 2,055 2,940 3.2% 2,960 1,979 +980 3.2% +20 £0 aaN Te) 5,829 7,190 2.8% 7,240 6141 +1,098 2.8% +50 +0 ATIRILTTEW 4,959 5,160 41% 5,250 4,922 +327 4.1% +90 +0 REBIN-DEI 3,782 3,470 3.6%
Slide 30: Portfolio breakdown by tenant and area
TIYULORR » O Pus UPWLATF—MABEA LEFTY b104t aeons) HABHTSVERY WHKTIVEIT—b RABI Y RASHAY TIL WT IVE ABP Ite aHt PASAREDY KIT AYIA RRA BASHING HAAHOVAYE DeNy RASHRMS 26,373.81 14,748.33 4,985.76 4,427.11 4,353.79 3,147.12 1,509.72 1,442.80 SER 1,159.72 31.7% 17.7% 6.0% 5.3% 5.2% 3.8% 1.8% 1.7% FER 1.4%
Slide 31: Borrowings and investment corporation bonds
. ~ O Pus UPWLATF—MABEA HARBOR (RASH (202698 25a) LUF—DA—-—AX—YVAY (20269826188) BART + oT alae vaald nanis «1.0% 6% eeonja ABH ae De aaBAT ° FST a Aa 5.4% 0.3% 5,600 0.78% 202238148 20283148 SBIR 6% 5,900 0.79% ae 4.5% 20229A5A 20273A5A rere” 4% 3,700 1.03% 4.5% 202343A138 20279138 HD IMEHMT 7.1% _
Slide 32: ESG initiatives
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Slide 33: ESG initiatives (governance)
a, » O Pus UPWLATF—MABEA ESGAOEHA @ m SeihIS3-77AORM(BRVIPOEEUTIOVIPUY FY-ERZBA) ora ETT UNGEREOR (BE) m SPIRO (202643 Azra) HE HUA (XS) seis 14%(56.0%) ARERESHCVAI— 134(52.0%) EVeSee+ 34(12.0%) AHS EL 14(4.0%) AGHEIVY NT 1A VIVAS— 14(4.0%) © THEORET (20263 AR) eR DYFSAP AME 268 B BBI—IST INDIA OEE,
Slide 34: Unitholder status
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Slide 35: Sponsor and asset manager overview
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Slide 36: Unit price and trading volume
SAMBO ~ O Pus UPWLATF—MABEA (F/B) tsk (t58H) YUTAUPIVLAT— MRA (Ete) FREERETTHS (488) (Q) 140,000 60,000 120, 0,000 50,000 100,000 40,000 80,000 30,000 60,000 20,000 40,000 10,000 20,000 ie}
Slide 37: Notes
itacse OD O Pus UPWLATF—MABEA (88) 1. DR-bIFUABIBV ICIS, REBEICOS HIOHARICLYBHLENOIMIEY EWU LA BAUR CT» R—hIAUAAEY =R—b 24 NOI (FRR) + HAS 2. (sO. SUL GG ICEIT S SIMO HRS THT REA OX | ICAU TRERMAOX i MEDSRSSMLL CULT. (Ra R oem i SHER IC SUSSDSGAEIMSBMO RAR RSE SICBIS RADARC EA SNS MR(ERSARE SI TNANA
Slide 38: Definitions of indicators
au @ O Pus UPWLATF—MABEA (238) ~ — NOTFUIEI) (tS) = (ASEDRE BESS Fd + RI ADER) x 2+ BRAM O Sih NOTAIELY (Set R8 52 (HE) = (AED TERRA + RTA) x 2 = A TENE ONE ‘RAVENOTFIELY (158 li) = 7 ENE ESF 2 x 2 + AAT MEO Sh {(SAANOTUEY (RHEE) ERA RHA Rx 2 > SRATHEORE HE AUIS TE YT Lb RAT) = NOT (FER RASA X 2) =
Slide 39: MEMO
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Slide 40: Closing
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