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 45th fiscal period (ended August 31, 2024) of MTR.
In the period under review, MTR decided to sell Hashimoto MTR Building (former name: Kohnan Sagamihara Nishi-Hashimoto), which had been vacant since the move-out of the commercial tenant, in two separate transactions, and the first transfer (transfer price of 4,250 million yen) was completed on April 23, 2024.
MTR posted operating revenues of 11,746 million yen, ordinary income of 6,795 million yen and profit of 6,785 million yen. The dividend per unit came to 1,757 yen. The number of properties owned by MTR at the end of the 45th fiscal period was 21 (total acquisition price 465,692 million yen), and the overall occupancy rate of the portfolio was 95.9％（94.8% *）.

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.