Slide 1: http://www.fukuoka-reit.jp
http://www.fukuoka-reit.jp 1
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Slide 3: Summary
Summary ¾ NOI ¾ ¾ 18 3 18,438 3 3 85 16,700 +17.6% 51 4 ¾ J-REIT 2 81 ¾ 4 18,200 A 3
Slide 4: 4
4
Slide 5: Financial Report
3 ::: Financial Report :::
Slide 6: Appendix
Appendix ( 18 2 28 ) 18,438 18 2 17 18,100 4,050 5,857 1,698 1,859 17 10 27 16,700 1,697 1,761 1,697 1,750 18,438 19,014 94,593 87,461 50,865 50,918 53.8 % 58.2 % 562 764 7,000 1.9% 3.8% 3.3% - 6.7% 35.6% 2,654 2,259 181 6
Slide 7: Appendix
Appendix 4,050 100.0 5,857 100.0 2 109 3,879 5,632 171 225 2,299 56.8 3,172 54.2 1,959 2,765 249 319 7 6 886 29 26 31 9 19 24 44 36 245 1,751 43.2 2,685 45.8 30 562 177 131 3.2 19 0.3 1,959 0 0 128 3 19 184 4.5 845 14.3 133 273 36 220 5 5 39 261 5 46 1,698 41.9 1,859 31.8 95 1.6 1,698 41.9 1,764 30.
Slide 8: Appendix
Appendix ( 18 2 28 ) % 1,424 817 607 313 0.3 262 50 2,585 2,781 196 15,100 16.0 8,000 7,100 41 0.0 133 91 132 181 49 228 0.2 228 0 1,595 1,595 1 0.0 2 1 75 154 78 481 0.5 465 15 4,218 5,531 1,312 473 0.5 741 268 16,638 17.6 9,834 6,804 144 144 18,600 19.7 18,600 641 641 107 0.1 107 34,315 32,765 1,5
Slide 9: Appendix
Appendix 1,698 1,764 562 764 5 5 0 0 133 273 49 181 1,595 1,595 35 262 99 56 33 184 15 465 268 741 40 111 16 109 33 87 3,784 2,431 0 0 99 230 2 0 3,682 2,201 786 4,822 82,466 109 2 393 8,212 120 102 3,401 9,572 9,572 8,630 74,357 8,100 33,000 1,000 25,000 18,600 49,042 1,740 5,359 75,642 411 3,487 3
Slide 10: Appendix
Appendix 4,454 4,050 5,857 1,751 2,685 1,677 1,698 1,859 1,675 1,697 1,761 18,200 18,438 19,014 24,550 27,445 10
Slide 11: Investment Strategy
::: Investment Strategy :::
Slide 12: Appendix
ES Appendix MARI? 20th 0 WT), ER. THER. BARS 0 60-90 o 020% Maha AP4AE)L AIS2. BIL PYE-U-AZAl wo sana de WY—TyK" HD 10-30% ‘ELLESEM CE OROST 20-40% te NF F OUT Nts ee SERRE (PRRRUWORESS) PH_NY.U—Yar ib. DS1=-F4 ci ‘60-80% ZOitth 0 masse
Slide 13: "Reasonable Price" "High Quality"
Appendix “Reasonable Price” “High Quality” 6.6% 5.4% 5.9% 7.1% 6.0% • • • 13
Slide 14: Appendix
Appendix y y y y y y y • • • • • • • • y y y y y y y y y y y y y y y 14
Slide 15: Appendix
Appendix we ott gIY yd ae es ae ae Poke
Slide 16: Appendix
Appendix • • • • • • • • • • • • • • • • • • • • • 16
Slide 17: Concept Hometown Portfolio
Concept Hometown Portfolio Strategy Appendix y y y y y y y y y y y y 17
Slide 18: Appendix
ES Appendix (ttt : BB) 160,000 RRBCUZARYS— e@ FrT UT T-CYZATIO—EW © N—-DILAARH @ Fr tT 48s e saa CRATE RIOD Y \ RAFESMO2G 02 Yom i wie’ ¥ oor
Slide 19: Financial Strategy
::: Financial Strategy :::
Slide 20: Appendix
Appendix ( 18 2 28 ) 12,000 2004.11.9 2009.8.31 1.39% 1,000 1,000 1,000 700 500 500 2005.6.29 2008.6.23 0.59% 500 500 500 300 100 6,600 4,900 2005.6.29 2006.6.23 0.56% 3,100 3,700 2005.9.30 2006.3.31 0.46% 3,400 2006.2.27 2007.2.27 3,000 2005.6.29 2006.6.29 0 33,700 0.84% 20
Slide 21: Concept Hometown Portfolio
Concept Hometown Portfolio Strategy Appendix 117 120 140 120 36% 100 66 55% 45% 80 64% 60 34 40 20 0 2006 2007 2008 2009 • • 21
Slide 22: Operation Strategy
::: Operation Strategy :::
Slide 23: Appendix
ES Appendix ( 18 . ATSB SeMevaapyy— KY*ARya— Aa J=12=F4E-Ib DF 4INIRF (HP zD FrFIbys-4: EVRABYI—EIL FeIWYF HOS YoyRWSeIL N-DIVAAKB
Slide 24: Appendix
Appendix ( 18 2 28 ) 37.5 32,000 32,600 6.0 24 51,482.82 47,909.65 47,300.24 98.7 18.4 15,700 17,100 6.5 80 75,500.03 100,664.98 100,418.98 99.8 7.8 6,633 6,770 6.6 1 58,642.38 61,450.22 61,450.22 100.0 0.9 740 750 7.1 4 3,041.92 3,743.12 3,743.12 100.0 64.6 55,073 57,220 109 188,667.15 213,767.82 2
Slide 25: Appendix
Appendix ( 18 3 31 ) y y y y y y y y 1 y y y 1.2% 24.8% 39.8% 59.0% 75.2% 25
Slide 26: Appendix
Appendix ( 18 2 28 ) 35% 30% 28.2% 23.6% 25% 20% 2.2% 15% 2.2% 22.5% 10% 2.3% 2.8% 5% 3.0% 0% 5.2% 3.2% % 1.8% 0.9% 23.3 + % 39.3% 42.4% 55.8% 66.6% 10.1% 59.8% 26
Slide 27: Appendix
Appendix ( 18 2 28 ) (%) (%) (%) 100 100 100 80 98.7 80 99.8 80 100.0 60 60 60 40 40 40 20 20 20 0 0 0 2005.9 2005.1 2005.11 2005.12 2006.1 2006.2 2005.9 2005.1 2005.11 2005.12 2006.1 2006.2 2005.9 2005.1 2005.11 2005.12 2006.1 2006.2 (%) (%) 100 100 80 100.0 80 93.5 60 60 40 40 20 20 0 0 2005.9 200
Slide 28: Appendix
Appendix ¾ ¾ ¾ ¾ ¾ 28
Slide 29: Appendix
Appendix ( 18 2 28 ) % 1,400 140 1,200 120 1,000 100 800 80 600 60 400 40 2004/3 2005/2 2005/3 2006/2 200 20 0 0 29
Slide 30: Appendix
Appendix ( 18 2 28 ) % 3,000 120 2,500 100 2,000 80 1,500 60 1,000 40 2004/3 2005/2 2005/3 2006/2 500 20 0 0 30
Slide 31: Appendix
Appendix ( 18 2 28 ) 1,446 1,436 901 857 262 255 701 684 555 549 170 13 1,381 1,379 877 842 262 255 695 677 490 490 158 13 64 56 23 14 0 0 5 7 64 59 12 0 510 514 396 384 15 12 258 244 182 170 31 1 76 76 77 73 0 0 50 50 41 41 0 0 372 368 236 228 7 7 193 184 128 122 28 0 9 5 13 9 0 0 1 0 6 1 0 0 10 14
Slide 32: Appendix
I 32k Appendix ( 18 4 21 ) etait MUTT (SBA Att)
Slide 33: Appendix
Appendix ::: Appendix ::: 4. 5. 6. 7. 8. 9. 10. (H18) 11. H16 H17 12. H17 H18 13.
Slide 34: Appendix
Appendix ( 18 4 17 ) 900,000 15,000 110% 12,000 800,000 100% 9,000 6,000 700,000 90% 3,000 REIT Index 600,000 0 80% 6/21 7/14 8/9 9/1 9/28 10/24 11/17 12/13 1/11 2/3 2/28 3/24 4/17 6/21 7/21 8/21 9/21 10/21 11/21 12/21 1/21 2/21 3/21 4/17 18 4 17 887,000 910,000 ( 17 6 21 763,000 ( 17 9 15 34
Slide 35: Appendix
Appendix ( 18 2 28 ) 1.58% 46.85% 26.46% 10.88% 14.23% 1 20,000 21.73% 2 5,331 5.79% 3 5,157 5.6% 40.64% 28.11% 9.05% 20.95% 4 3,641 3.96% 1.25% 5 2,797 3.04% 0% 20% 40% 60% 80% 100% 6 2,041 2.22% 7 1,851 2.01% 8 1,453 1.58% 9 1,150 1.25% 1.73% 1.83% 4.93% 4.06% 1.59% 37.10% 8.92% 29.33% 10.51% 10 1
Slide 36: Appendix
Appendix ( 18 2 28 ) 150 140 130 120 110 100 90 S60 H2 H7 H12 H17 H22 H27 H32 H37 H42 60 12 17 14 1 15 12 60 100 36
Slide 37: Appendix
Appendix 130 120 110 100 90 H2 H3 H4 H5 H6 H7 H8 H9 H10 H11 H12 H13 H14 H15 2 100 37
Slide 38: Appendix
Appendix 18 4 19 38
Slide 39: Appendix
Appendix % % 14 50 12 40 10 30 8 6 20 4 10 2 0 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2000 2001 39
Slide 40: Appendix
Appendix 25,000 30,000 25,000 20,000 20,000 15,000 15,000 10,000 10,000 5,000 5,000 0 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2000 2001 40
Slide 41: Appendix
Appendix 115 110 105 100 95 90 85 80 6 9 11 14 16 6 100 41
Slide 42: Appendix
Appendix / 30,000,000 30 20 25,000,000 10 20,000,000 0 15,000,000 -10 10,000,000 -20 5,000,000 -30 0 -0.4 H8 H9 H10 H11 H12 H13 H14 H15 H16 H17 H18 H9 H10 H11 H12 H13 H14 H15 H16 H17 H18 11 14 42
Slide 43: Appendix
ar 530,000 "31 9,000 ar i: =e on ares, ES NG iS ETS
Slide 44: Appendix
Appendix 44
Slide 45: Appendix
Appendix 45
Slide 46: Hometown Portfolio Strategy
Hometown Portfolio Strategy Appendix 18 3 31 • • • • • • • • • • • • • • • • • • • • • • • • 46
Slide 47: Concept Hometown Portfolio
Concept Hometown Portfolio Strategy Appendix 18 3 31 y y y y • • • • y y y y y y y y y y y 47
Slide 48: Concept Hometown Portfolio
Concept Hometown Portfolio Strategy Appendix 18 3 31 y y y • • • • • • • • • y y y y • • • • • • • • • 48
Slide 49: Concept Hometown Portfolio
Concept Hometown Portfolio Strategy Appendix 18 3 31 y y y • • • • • • • • y y y y y y y y y y y y 49
Slide 50: Concept Hometown Portfolio
Concept Hometown Portfolio Strategy Appendix 18 3 31 y y y y y y y y y • • • • • • 50