Fukuoka REIT : ［SUMMARY］EARNINGS BRIEFING FOR THE PERIOD ENDED AUGUST 2023

Provisional translation only

October 18, 2023

Fukuoka REIT Corporation

［SUMMARY］EARNINGS BRIEFING FOR THE PERIOD ENDED AUGUST 2023

(Figures rounded down to nearest mm yen)

1. Overview of the period ended August 2023［38th Fiscal Period (March 1, 2023 - August 31, 2023)］

(1) Performance

(% shows percentage change from previous period)

Operating revenues

Operating income

Ordinary income

Profit

Period ending

mm of yen

%

mm of yen

%

mm of yen

%

mm of yen

%

9,284

2.7

3,372

4.6

2,988

4.8

2,987

4.8

August 2023

1.3

Period ended

9,037

2.3

3,223

2,851

1.6

2,849

1.6

February 2023

Profit per unit

Return on net assets

Ratio of ordinary income Ratio of ordinary income

to total assets

to operating revenues

Period ending

3,752 yen

2.9%

1.5%

32.2%

August 2023

Period ended

3,580 yen

2.8%

1.4%

31.5%

February 2023

(2) Dividends

Dividend

Dividend

Total

Dividend

Total

Total dividend

Ratio of

per unit

per unit

dividend

in excess

dividend

Payout

dividend

(excl. dividend

(incl. dividend in (incl. dividend in

(excl. dividend in

of earnings

in excess

ratio

to net

in excess of

excess of earnings)

per unit

of earnings

excess of

excess of earnings)

assets

earnings)

earnings)

Period ending

3,753

2,987 mm

－

－ mm

3,753

2,987 mm

100.0%

2.9%

August 2023

yen

yen

yen

yen

yen

yen

Period ended

3,580

2,849 mm

－

－ mm

3,580

2,849 mm

100.0%

2.8%

February 2023

yen

yen

yen

yen

yen

yen

(3) Financial condition

Period ending

Total assets

Net assets

Ratio of net assets to total assets

Net assets per unit

203,868 mm yen

101,926 mm yen

50.0%

128,048 yen

August 2023

Period ended

201,442 mm yen

101,788 mm yen

50.5%

127,875yen

February 2023

(4) Cash flows condition

Balance of cash and

Cash flows from

Cash flows from

Cash flows from

cash equivalents at end

operating activities

investing activities

financing activities

of period

Period ending

(3,436

3,939 mm yen

) mm yen

(298) mm yen

10,459 mm yen

Period ended

August 2023

(117) mm yen

February 2023

4,688 mm yen

(2,803) mm yen

10,255 mm yen

2. Forecast for the period ending February 29, 2024 (September 1, 2023 to February 29, 2024) and the period ending

August 2024 (March 1, 2024 to August 31, 2024)

(% shows percentage change from previous period)

Operating revenues

Operating income

Ordinary income

Profit

Dividend

Dividend

per unit

(excl.

in excess of

mm of yen

% mm of yen

%

mm of yen

% mm of yen

%

dividend in

earnings

excess of

per unit

Period ending

earnings)

9,313

0.3

3,424

1.5

2,990

0.1

2,988

0.1

3,755 yen

－ yen

February 2024

Period ended

9,322

0.1

3,319

(3.1)

2,866

(4.1)

2,865

(4.1)

3,600 yen

－ yen

August 2024

(Reference) Estimated profit per unit (Period ending February 2024) is 3,755 yen and estimated profit per unit (Period ending August 2024) is 3,600 yen.

Please contact below with any inquiries you may have on this report.

Fukuoka Realty Co., Ltd. / TEL: [phone] FAX: [phone] Email: [e-mail]

This document is a summary of the Japanese financial report as of October 18, 2023.