As of June 30, 2025

• The “Total appraisal value” is the total appraisal value in the real estate appraisal report prepared by a real estate appraiser with January 31, 2025 as the appraisal date (of the assets acquired on April 1, 2025, the appraisal date for "Ko-nan tonarie Yamatotakada" is February 28, 2025). Given each appraisal value in the respective appraisal reports is rounded down to the nearest billion yen.
• The "Occupancy rate" is calculated by the calculation formula below based on data as of June 30, 2025 and rounded off to the nearest first decimal place.
  Occupancy rate = Leased area / Leasable area × 100
• The "Appraisal NOI Yield before depreciation" is the ratio of the net operating income to the acquisition price based on the DCF method as stated in the real estate appraisal report (appraisal date: January 31, 2025 (of the assets acquired on April 1, 2025, the appraisal date for "Ko-nan tonarie Yamatotakada" is February 28, 2025)).
  The "Appraisal NOI Yield after depreciation" is the ratio of the net operating income less depreciation to the acquisition price based on the DCF method as stated in the real estate appraisal report (appraisal date: January 31, 2025 (of the assets acquired on April 1, 2025, the appraisal date for "Ko-nan tonarie Yamatotakada" is February 28, 2025)).
  These figures are rounded off to first decimal place.
• The "Remaining lease term" is the average remaining lease term of all leasable space as of June 30, 2025.
  This figure is rounded off to first decimal place.

As of June 30, 2025

• "Sourced from sponsor" refers to aseets acquired by ESCON REIT from its sponsor and support companies.
• "Sourced through bridge fund" refers to assets that was owned by a third party, the previous owner of the property, in anticipation of the acquisition of the aseets by ESCON REIT.
• "Sourced from external" refers to aseets acquired by ESCON REIT from third parties not under the "Sourced from sponsor" or the "Sourced through bridge fund".
• "Sponsor developments" refer to land or buildings purchased by the sponsor either directly or through TK equity, and has either converted the land into leasehold land or has constructed a building and found a tenant for it.
• "Sponsor rebranded properties" refer to properties that were purchased and subsequently renovated into commercial facilities that are consistent with the sponsor’s branding concept. Property renovations include construction costs (in excess of 10 million yen), lease-up with new tenants, and changing the name of the facility.
• "Leasehold land tenants" refer to the rate based on rent revenue of leasehold lands. They consist of 30 tenants including a tenant in Asumigaoka Brand-New Mall. This figure is rounded off to first decimal place.
• "Remaining lease term" is the average remaining lease term of all leasable space as at June 30, 2025.
  This figure is rounded off to first decimal place.

As of January 31, 2025