Matters Related to Investment Units (updated)

Unitholders' capital

Changes in Unitholder's Capital

• Unitholders' capital is indicated by the millions, and is rounded down to the nearest million yen.
• JPR was formed by the investment of three companies Tokyo Tatemono Co., Ltd. (100 units), Taisei Corporation (100 units) and Tokyo Realty Investment Management, Inc. (40 units) at 500,000 yen per unit.
• An additional offering was made via private placement at 500,000 yen per unit. JPR then acquired 13 beneficiary interests in real estate trust and started management.
• A single investment unit was split into 2.5 units.
• New investment units were issued through a public offering at 200,000 yen per unit (underwriting price of 193,000 yen per unit) to repay short-term debt, finance the acquisition of new specific assets, etc.
• New investment units were issued through a public offering at 237,160 yen per unit (underwriting price of 228,859 yen per unit) to repay short-term debt, acquire new specific assets, etc.
• New investment units were issued through a third-party allotment at 228,859 yen per unit to repay short-term debt, acquire new specific assets, etc.
• New investment units were issued through a public offering at 272,440 yen per unit (underwriting price of 263,177 yen per unit) to repay short-term debt, acquire new specific assets, etc.
• New investment units were issued through a third-party allotment at 263,177 yen per unit to repay short-term debt, acquire new specific assets, etc.
• New investment units were issued through a public offering at 449,820 yen per unit (underwriting price of 434,673 yen per unit) to repay debt, acquire new specific assets, etc.
• New investment units were issued through a third-party allotment at 434,673 yen per unit to repay debt, acquire new specific assets, etc.
• New investment units were issued through a public offering at 168,101 yen per unit (underwriting price of 162,382 yen per unit) to repay short-term debt, redeem investment corporation bonds, acquire new specific assets, etc.
• New investment units were issued through a third-party allotment at 162,382 yen per unit to repay short-term debt, redeem investment corporation bonds, acquire new specific assets, etc.
• New investment units were issued through a public offering at 194,610 yen per unit (underwriting price of 188,222 yen per unit) to partly fund acquisition of new specific assets and repay debts.
• New investment units were issued through a third-party allotment at 188,222 yen per unit to partly fund acquisition of new specific assets and repay debts.
• New investment units were issued through a public offering at 394,875 yen per unit (underwriting price of 382,320 yen per unit) to repay debts.
• New investment units were issued through a third-party allotment at 382,320 yen per unit to repay debts.
• New investment units were issued through a public offering at 439,040 yen per unit (underwriting price of 425,152 yen per unit) to partly fund acquisition of new specific assets and repay debts.
• New investment units were issued through a third-party allotment at 425,152 yen per unit to partly fund acquisition of new specific assets and repay debts.
• New investment units were issued through a public offering at 474,810 yen per unit (underwriting price of 459,790 yen per unit) to fund acquisition of new specific assets and partly repay debts.
• New investment units were issued through a public offering at 368,480 yen per unit (underwriting price of 356,824 yen per unit) to fund acquisition of new specific assets and partly repay debts.
• New investment units were issued through a third-party allotment at 356,824 yen per unit to partly repay debts.
• JPR acquired its own investment units through market purchases on the Tokyo Stock Exchange, based on a discretionary trading contract for the acquisition of own investment units with a securities company, from February 18, 2025, to June 13, 2025. The acquired investment units (11,364 units) were fully cancelled on June 30, 2025, pursuant to the resolution of the Board of Directors' meeting held on February 17, 2025.
• JPR conducted the split of investment units (four units for one existing unit) with June 30, 2025 as the record date of the split and July 1, 2025 as the effective date.
• New investment units were issued through a public offering at 102,312 yen per unit (underwriting price of 99,075 yen per unit) to partly fund acquisition of new specific assets.

Major Unitholders

Breakdown of Unitholders