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 43rd fiscal period (ended August 31, 2023) of MTR.
MTR posted operating revenues of 11,812 million yen, ordinary income of 6,535 million yen and profit of 7,157 million yen. The dividend per unit came to 1,700 yen. The number of properties owned by MTR at the end of the 43rd fiscal period was 22 (total acquisition price 470,156 million yen), and the overall occupancy rate of the portfolio was 98.9%（97.9％*）

MTR merged with MORI TRUST Hotel Reit, Inc. and started operation as MORI TRUST REIT, Inc. on March 1, 2023. Through this merger, MTR will aim to maximize unitholder value by managing its core assets, which are office properties that generate stable cash flow and hotels with growth potential, bearing in mind the Mori Trust Group's common principles of "stability," "growth," "continuity," "trust," "social responsibility," and "sharing rewards" shared among the Mori Trust Group companies.


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