Fukuoka Reit Corporation · TSE:8968

Fukuoka Reit — 27th period Earnings Presentation

59 slides from Fukuoka Reit's earnings presentation, April 2018

  1. Slide 1: Fukuoka REIT Corporation 27th Period Earnings Presentation

  2. Slide 2: SSS PRPS E -

    SSS PRPS E - RERE - xia ys - MOBS - APAZEILONEE RASA Gil - FERROKE tBMTAOIE -- Fukuoka REIT allan NAMBU ROSE ARTE GIMOLLIMME BO RMIT, ALLOY T. PRL CURML THIET. Corporation HRORM HB S-ISMS MR. ME Miawteh TSA +aial | Y= be Bz Xx #27 Hy sR BAAS Ht} pest third bod ips er ungsares SADRROMAN eB LVASCRESTN

  3. Slide 3: Period highlights

    BRIA NAST hE AREOKR P28 MICAS AH BROS TIL LUN 77 BAe DE O34 SYS EIA 2018463 ABBA OFKRADK 49,0005 SLMETKORTARAOM 796,000 OTHE 7,795,998,000m OX TRRA 201822A9n OXTMASREA Fukuoka REIT 2018 28218 Corporation enas a Ld 082A 2018 & 35 1 a BRR ORTMEA RF AffaL bo) AFAR R Eo 75,500 87m LTV ava 39.4% EAE LEAR

  4. Slide 4: Fukuoka market environment

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  5. Slide 5: Fukuoka market environment

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  6. Slide 6: Fukuoka market environment

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  7. Slide 7: Ù ÞZÙFO<ÚÚ

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  8. Slide 8: #$5 #$6*%,''4 !9).: )'(/ ))/9 2);/: )." (/( ).#$ *%,() #$ 7 +&(89#$;"0*-,:1 9)'(/

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  13. Slide 13: k’—GIDX¾"Áb ¿’••”‘a þU‘ÿ

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  14. Slide 14: Distribution per unit and asset growth

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  15. Slide 15: *=C . ="R0 QUV45S>9@B;

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  16. Slide 16: *+G"39E.F4/681 J&K A68

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  17. Slide 17: Tenant sales and occupancy trends

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  18. Slide 18: Canal City Hakata

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  19. Slide 19: Property operating results

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  20. Slide 20: OVNQUWH4

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  21. Slide 21: Office market trends

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  22. Slide 22: Debt financing

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  23. Slide 23: Financing status

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  24. Slide 24: wf 12›¡pwmt n!

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  25. Slide 25: *&-"" ".1/ !%$ ,'+()0*1 "#23 "

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  26. Slide 26: Growth strategy

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  27. Slide 27: Growth strategy

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  28. Slide 28: Appendix

    [5 Appendix

  29. Slide 29: fSu Ql · 1 =ÁÉo`

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  30. Slide 30: MRROQNPS

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  31. Slide 31: Demographic trends

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  32. Slide 32: ĉĜøăãĔäz &j EƒY_

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  33. Slide 33: Portfolio list

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  34. Slide 34: Portfolio properties

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  35. Slide 35: Portfolio properties

    WAR—-hI*AVAD ORM (PIT AT BR) NN PIFAD BR PITA TBR QPL TAIN ORORE—IVBA Pret : AN eR ERR2TE Mit : BMP ARBALTE CEOS ERALEL.

  36. Slide 36: Portfolio properties

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  37. Slide 37: Portfolio properties

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  38. Slide 38: Portfolio properties

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  39. Slide 39: Tenant composition

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  40. Slide 40: gqqnpmor

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  43. Slide 43: WU9-¿’—À s{~z|‚

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  45. Slide 45: u{{xzwy|

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  46. Slide 46: ]cc`b_ad

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  47. Slide 47: IRA ORY MARI

    IRA ORY MARI CIGEIEES Fairy ] IRALM BSS, 20114F1— BALD ABARBMALAE THE. HOHOBA-ANPRORELSCHIIRGHOROML Pe FP == OMBRARKITIR BH OMAR IR SH OFT —FHBE BEL HERE SEB. 2017 5H (GRUB S “BAH AMO-KY aR “BAZO—NWAYIPLYANOS IN ASIST 9 “ARRORTE OMABAREIT IR ZH BRIS—F4> 736 (BA) S18 [BO ROM. EKO RSWBIOUT FOR, GIST A

  48. Slide 48: ESG initiatives

    PATHEUTS (RAO MYA) BISATTEVT ASH OBIE MEH ER Eta SBC EERUIAMOORMM AHERABBIOVAICBUT, Bi LS: HNFUA(ESG) OM RBIS Re REREAL, HMARCHSORRICAMI SEO, HRACMVIMALTIOC REMAN TIKCEMBRES A MAS MU IT 41d, 2018 1 29 Bt EF. COLERY MAIL OWT, BSEAHSEMHE RITCHEY. FREHSH MATH EUT AHH IEEOELTER RECREIT NK. BNSBRTELWET.

  49. Slide 49: Unitholder composition

    ta LT 4 (AE BAStt) ARE SAYISAP ARE (#+t) WBALISIPUABR (#Ht] [(ARRHt-RBt)] (FHA Et) SAIS TART OB VROSBERS VAP EIS HM RRKARAORBORR- ERIMI CBBRE RERS bad KRMMRLR CESB SENT SAME DRE Fukuoka reit eS MUP ILT 4 Al FS A ak :38-% (BtE2 18 ct 17) AKYF—DSOWABORA 28 ARYY—ADHAE OME 3 ORMA BABB GESAR) (2018 228A)

  50. Slide 50: Structure and sponsor

    A—RL—KA NFA ORBUTILT1 RR: BAAS SRAOMK “RR BYAFA VAR See EARHBO ia OBRATSS1Y (AB BRAINS | H MILFS EIL—I) ACOMS AH HeLY 2AAAB OAR BAR HLSLHK-HERRAl (ate a) S-RURKADAFHERRH SRASUNSERSREN EXNTMEETRASIH (ey ohLa CH RAERSKROT MERE (LY V=PULILA—b] MERE WR BRR ATOM BR RE BEML AMGMMTRGRA & BRU—MERIEA aIFt7 M

  51. Slide 51: Unitholders

    RATS NN BRAEATIV-AMPAKR MARBOROMA) BiB (H27MA) 800,000 acre 2A 2BERE : ¥ ¥ RTARROBAIW IS 747.0000 747,000 747.0000 747,000 747,000 Nt RE Fe BORIS 11.50% 00% 2S .Ah i RTE 5! 700.000 — ae lot) ME oli? i 1 BRRSAT CHERISH toy pei 04.70% destO) BAYAS—bSAMB ERT HRS St 600,000 I 2 Geren 96.8110 12.82% 3 RI

  52. Slide 52: Unit price

    Re DES NN — RACH ME Hk WS} 4 4 (2018462 A28B RZ) : 129.3058 5A - (2) 300,000 72,000 35 2755) 20154447278 FARA Re 250,000 60,000 200,000 48,000 2013263518 BIHAR 201142318 HEA wR 150,000 36,000 100,000 24,000 50,000 12,000 0 i) 2005 20064F 20064F 20074F 20072F 20084F 20084 20094F 20094F 20104F 20104F

  53. Slide 53: f0ø2¹!|òÔÍL H\ ´¸!|{Ã  ¦!|{¹#ZA^

    f0ø2¹!|òÔÍL H\ ´¸!|{à ¦!|{¹#ZA^ ¦!|òÔÍLRq \ g rM d $EB •”“ú‚€ûW ü ûŽü Œƒ„ †„ „5 G‡„B ûü ‹ƒŠ ÌïÞóÒÚÆ&W†‚ O8 dh36 †„ 5 G† B ûü ‰ƒ‡ û‘ü ƒ ûŽü Œƒ† ÌïÞóÒÚÆ&øW‡‚ O8 dh36 †„ 5 G† B ûü Šƒ ûü ƒ ûŽü ‡ƒ‹ †„ „5 G‡„B ûü ƒ† O8 dh36§ †„ †5 ŠG† B ãùÍçôÇÔ'Wˆ‚ ûü ƒ KXBòÔÍÐ÷ÑóÚÆ÷ÎO8 d †„ ˆ5 ˆG B û‘ü ‰ƒ †„

  54. Slide 54: Sponsor properties

    tether TLS FOERA Pt RI RoR HERMEU FALL a— 19994 24,7310 FRMMTE IL 197985 19,874m RRR 19704 15,408m AMBRE RAL a 197847 10,394n% RBC 19618 9,962ni BABEL AALS 78981974 4F, SRE 19864 98441 HUSA 7 BIEL 19785 8,302n1 BBCOAALY F— WANA TAA BD) 20184 (FE) 9,050ni BUILME DH ALLS — DRE) 20194 (FE) 4.616m RRC I

  55. Slide 55: AMALBO Mit Y—T yb

    AMALBO Mit Y—T yb 1828 #EMIC, BABUCTE DICH Re \ HEE $u 5 SH -MICIUT Fukuoka re! RAB ICT IUP Bite RSM ee Bot AR RR ASB RA Smit ices ERS ee Bb ERD IRB Rit ices BRSROS IG bsg BSR Rw a) RAS Hit SR REASCE 20144 RA 43,803.89 45,885.65 2015463 81508 5A BERBER MAW, 201541 RAO 16,156.23 24,492.91ni 20174568

  56. Slide 56: 4Ei - LIN OITIRD

    4Ei - LIN OITIRD MIFAAB AROS (Eh) FAQ BE RRZAAR Ol SARI ZA fam) 2,500 2,373 2,000 1,798 1,500 i 1,077 1,000 193 500 884 0 2011 2012 2013. 2014 | 201520162017 cw) HR: A ARERR RRA) OF — SE MIC, HSA MMYT LTC TERL TET. B+ SER EORMRLCC ROME ©2015 FAAS 17k 2017 FA MA AVEO mena 20155 RMT IV 0s 53.2% 56.8%

  57. Slide 57: “FLW DsER@

    “FLW DsER@ ee BAA FAIA SAMOA ©8 FSH 2 ti cma.) Witz | 200942 | 20105 20112F 20135 20165 BHROAFAFER = = = = = = — 26,544. AMADOR EP EM we | RR RR RE ROR RR ROR RE ROR eis | (497) (491) (470) (500) (531) (843) (557) (874) on | 2 A | #2 | 8A | 8H | ee |) ee | eA a) EWMD A PMS HH APROKB EP EB (206) (216

  58. Slide 58: 4Ei - LIN DITTRO

    4Ei - LIN DITTRO ATS FUY TIL BRS BERS Hh Of/0—-L a RY PT UML 3H RMR STH YS ROBREBIERL SET SA 4 Sea TA REEDS. —MOME RIE VER Sih BR RABAR BRAHGeHS, 6tL RRA 745 AC etLTT @ERSS HEMI SHAR MNES Bit ERR IZBiX, RE GLOERIIAN, FILLY iE EB AT CEB SRAEHOTUS. RAR AR AT Hi: LRH OO MAR STAT TICK SHON [REALE] OFTHE

  59. Slide 59: TM OIER®

    TM OIER® TH OME (RH) | OEE MH BICkCR RE OR Ome cae ROR OXI THRIOY7 OMB ARUR ORF AHIR bafta el Al DBLAE ARGH /L OR | 800%~1400% #87m—¥ 76m awe i peraneolwe ty RRO WEES RELL CER) (NTTSAAERAE ERC) emeRmaiNg OIA nF Bie Ol AR nF HB (RBI) #9 76m~49 100m FRR EROBRO OIE QAR LBA OME #1.450%—800% $9 7644 1151

Fukuoka REIT — 27th period Earnings Presentation on 6ix