We would first like to take this opportunity to express our gratitude to investors for their support of MORI TRUST REIT, Inc. (MTR).

It is our pleasure to present the investment management summary and financial results for the 44th fiscal period (ended February 29, 2024) of MTR.
In the period under review, the third transaction for the acquisition of "Sendai MT Building" (acquisition price: 5,266 million yen) and the transfer of "Shinbashi Ekimae MTR Building" (transfer price: 7,266 million yen) was executed on February 29, 2024, completing the replacement transactions for both properties.
MTR posted operating revenues of 12,080 million yen, ordinary income of 7,257 million yen and profit of 7,247 million yen. The dividend per unit came to 1,835 yen. The number of properties owned by MTR at the end of the 44th fiscal period was 21 (total acquisition price 469,422 million yen), and the overall occupancy rate of the portfolio was 92.4％（90.8% *）.

As a comprehensive REIT with office and hotel properties as its core assets, MTR aims to increase unitholder value based on stable management over the medium to long term.

* The occupancy rate in parenthesis is the figure after taking sublease agreements into account.