Strength of JRE | Japan Real Estate Investment Corporation

Backup by three sponsor companies (shareholders of the asset management company) that go beyond the industrial and group affiliations

< Support from three sponsors >

Property pipeline support (providing properties and property information, etc.)
Operating support (providing expertise on attracting tenants and property management, etc.)
Human resource support (sending experienced professionals)

< Protecting function against conflict of interest >
Function to prevent conflicts of interest and avoid the making of important key decisions under the influence of a particular sponsor by implementing such processes as advance examination by a Compliance Committee that includes outside expert, in addition to the mutual restraint between the three companies

Large investment corporation specialized in office buildings

(As of May 24, 2010)

Number of Properties	55
Asset Size (Total Acquisition Price)	¥643.8 billion

Track record

The first listed J-REIT, showing steady performance for 17 consecutive periods

Sound financial strength

(As of March 31, 2010)

Conservative LTV (cruising speed of 30-40% level)
Interest-bearing Debts: ¥262,500 million
LTV: 41.2%
Highest credit ratings in J-REIT (S&P: AA-, Moody's: A1, R&I AA)

18th Period (September 30, 2010)
Dividend per Unit
Dividend (Forecast)
	¥16,360
17th Period (March 31, 2010)
Dividend (Actual)
	¥18,043

Occupancy Rate
as of May 31, 2010
	91.6%