Investment ratio by use and zone

• The ratios are calculated based on the acquisition price. (For multiple-use zone properties, the amount is proportionate to the rent income and common service fees for each zone during the fiscal period.)

Investment ratio by region

• The calculation is based on the acquisition price.

Income ratio by rent category

Hankyu Hanshin REIT collects only fixed rent payments from fixed-rent tenants. From overage-rent tenants, Hankyu Hanshin REIT collects a rent that includes sales-based variable rent, in addition to collecting the fixed portion of the rent, such as rent from fixed-lease contracts, common service fees, and the minimum guarantee rent.