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 48th fiscal period (ended February 28, 2026) of MTR.
MTR posted operating revenues of 11,584 million yen, ordinary income of 6,547 million yen and profit of 6,537 million yen. The dividend per unit came to 1,837 yen. The number of properties owned by MTR at the end of the 48th fiscal period was 20 (total acquisition price 463,522 million yen), and the overall occupancy rate of the portfolio was 99.6％（99.2％ *）.

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.