27 1 19 17 18 3296 TEL03-3552-8883 1. A -16A -24A-26A -28A -29A -32A -34A -35 A-36A -37A -38A -40A -41A -43B -8 C-2 16 1 A -17 2 A-21A-22A-23 A-39 4 4 ( ) () 26 9 9 26 10 28 26 12 24 (4) (5) (1) (2) (3) A-16 27 2,827 1 2 12 A-17 27 7,396 2 2 12 A-18 FORECAST 5,230 27 2 12 1
(4) (5) (1) (2) (3) A-19 325 1,850 27 2 12 A-20 FORECAST 1,240 27 2 12 133 A-21 2,810 27 4 2 12 A-22 2,640 27 4 2 12 A-23 ANNEX 2,100 27 4 2 12 A-24 27 1 2 12 A-25 FORECAST 27 2,070 2 12 A-26 KDX 1,650 27 1 2 12 A-27 FORECAST 27 2,030 2 12 A-28 2,207 27 1 2 12 A-29 27 1 2 12 A-30 FORECAST 27 2,300 2 12 A-31 8 2,210 27 2 12 A-32 2,033 27 1 2 12 A-33 FORECAST 27 5,550 2 12 3 A-34 NT 3,094 27 1 2 12 A-35 27 979 1 2 12 A-36 2,475 27 1 2 12 A-37 3,146 27 1 2 12 A-38 ANTEX24 1,691 27 1 2 12 A-39 1,550 27 4 2 12 A-40 1,372 27 1 2 12 A-41 IS 2,258 27 1 2 12 2
(1) (4) (2) (3) A-42 A-43 1,200 (6) (5) 27 2 12 27 2 12 27 2 12 27 3 12 27 2 12 1,626 1 B-8 1,813 1 C-1 3,350 C-2 2,063 1 31 76,853 (1) A (2) (3) (4) (5) (6) B C A -18A -20A -25A -27A -30 A-33 A-18A-20A-25A-27A-30 A-33 8. 27 2 3 (1) 27 1 19 (2) 27 2 12 C-1 27 3 12 C-1 (3) 1. (4) 27119 (5) () 2. 1,500 1,000 21.7 3
26 9 30 3. 27 1 19 27 1 19 27 2 12 C-1 27 3 12 C-1 () 27 2 3 4. (1) A-18 FORECAST A-19 325 A-20 FORECAST A-25 FORECAST A-27 FORECAST A-30 FORECAST A-31 8 A-33 FORECAST A-42 2 9 10 7 11 1 67.0% 100% 26 198 6 4 26 6 3 13,100 31,480 8,245 4
C-1 4 1 100 43 11 1 (2) 710,400 5
5. (1) 27 1 19 27 3 12 1 (2) (3) (4) 272 15 6. 27 6 27 1 1 27 6 30 27 12 27 7 1 27 12 31 27 6 27 12 7. (1) FORECAST KDX FORECAST ANTEX24 12 NT IS 5 67.0% 201 123 6
2 3 1 324,000,000 9 12 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 67.0% 100% 6 4 26 6 3 13,100 79,615 10,322 (2) 4. FORECAST 325 FORECAST FORECAST FORECAST FORECAST 8 FORECAST 7
8. A-16 A-24 A-26 KDX A-28 A-29 A-32 A-34 NT A-35 A-36 A-37 A-38 ANTEX24 A-40 A-41 IS A-43 B-8 C-2 1 18 12-1001 1 50 24 8 6 1. 2. 3. (500 ) 26 1028 8
A-17 2 1 1 2 10 26 8 18 1. 2. 3. (50 ) 26 9 9 A-21 A-22 A-23 ANNEX A-39 4 1 1 4 10 26 12 2 10 9,200 1. 2. 3. (100 ) 26 1224 9
A-18 FORECAST A-19 325 A-20 FORECAST A-25 FORECAST A-27 FORECAST A-30 FORECAST A-31 8 A-33 FORECAST 2 6 11 10 26 1 10 1. 2. 3. 4. 5. C-1 A-42 9. 10
10. A-16 (1) 27 2 12 19 2 28 37 1 31 15 27 66 5 1 100%(1)500% 394.84 62 5 19 2 9 1,650.05 2,890 P M L 4.4% (2) 1,500.83 1,364.58 90.9% 0.7% (3) 7 138 90 11
(1) (2) (3) 1 1 80% 100% 9 136.25 26 11 1 (2) 12
(3) 2,890,000,000 26 12 1 2,890,000,000 DCF 2,940,000,000 158,102,000 163,071,000 4,969,000 27,990,000 3,800,000 9,730,000 1,188,000 P M 1,465,000 1,017,000 9,485,000 26 105,000 1,200,000 130,112,000 1,859,000 2.0% 2,771,000 129,200,000 4.4% DCF 2,830,000,000 4.2% 4.6% 1,540,000,000 93.6% 6.4% 13
A-17 (1) 27 2 12 22 12 3 37 1 31 1 38 613 1 1 70%(1)303%(2) 2,876.99 56 6 6 8,855.23 8,500 P M L 11.3% 7,882.60 7,882.60 100.0% 3.9% (3) 4 394 249 1. 56 21 2. 14
JR 5 5 2,700 420 1,000 34 21 (1) 60% 70% (2) 300%400% 303% (3) (2) 15
(3) 8,500,000,000 26 12 1 8,500,000,000 DCF 8,910,000,000 495,511,400 522,272,000 26,760,600 113,465,756 14,307,000 48,643,800 3,679,583 P M 6,821,047 PM 3,726,866 33,070,300 1,217,160 2,000,000 382,045,644 6,144,803 5,065,632 CM 383,124,815 4.3% 19~ 21 J-REIT DCF 8,320,000,000 4.1% 4.5% 8,660,000,000 92.9% 7.1% 16
A-18 FORECAST (1) 27 2 12 17 8 31 37 1 31 11 13 20 21 100%(1)500% 907.59 53 11 (2) 11 5,077.26 (3) 5,230 P M L 7.1% (4)(5)(6) 4,066.50 4,066.50 100.0% 2.0% (7) 24 229 182 56 26 17
JR (1) (2) (3) (4) (5) (6) (7) FORECAST JR 4 36 80% 100% 9 104.09 27 3 31 9 56.69 27 1 31 4 77.55 27 4 7 (2) 18
(3) FORECAST 5,230,000,000 26 12 1 5,230,000,000 DCF 5,290,000,000 275,573,000 287,805,000 12,232,000 47,531,000 8,266,000 16,940,000 1,987,000 P M 5,198,000 2,194,000 12,741,000 26 205,000 0 228,042,000 4,147,000 2.0% 4,830,000 227,359,000 4.3% DCF 5,170,000,000 4.0% 4.4% 2,880,000,000 90.4% 9.6% 19
A-19 325 (1) 27 2 12 13 12 28 37 1 31 2 5 2 3 5 100%(1)640%(2) 334.44 62 8 9 2,152.31 1,850 P M L 4.5% 2,007.07 1,766.71 88.0% 0.9% (3) 7 84 60 20
JR (1) (2) (3) 325 4 JR 7 80% 100% 500%700% 640% (2) 21
(3) 325 1,850,000,000 26 12 1 1,850,000,000 DCF 1,870,000,000 117,571,000 122,169,000 4,598,000 33,676,000 7,041,000 10,000,000 1,382,000 P M 1,605,000 1,221,000 12,342,000 26 85,000 0 83,895,000 1,507,000 2.0% 3,322,000 82,080,000 4.4% DCF 1,830,000,000 4.1% 4.5% 1,680,000,000 92.4% 7.6% 22
A-20 FORECAST (1) 27 2 12 14 1 31 37 1 31 3 3 28 15 1 100%(1)480%(2) 388.88 51 12 1 8 2,051.61 1,240 P M L 9.9% 1,292.85 1,230.45 95.2% 0.6% (3) 5 68 84 56 18 23
JR (1) (2) (3) FORECAST 4 38 80% 100% 800% 480% (2) 24
(3) FORECAST 1,240,000,000 26 12 1 1,240,000,000 DCF 1,260,000,000 79,048,000 83,916,000 4,868,000 20,142,000 3,600,000 6,460,000 2,056,000 P M 1,186,000 618,000 6,126,000 26 83,000 13,000 CATV 58,906,000 1,346,000 2.0% 4,950,000 55,302,000 4.4% DCF 1,220,000,000 4.2% 4.6% 1,000,000,000 88.8% 11.2% 25
A-21 (1) 27 2 12 20 3 27 37 1 31 11 2 36 1 1 100%(1)643%(2) 651.16 3 2 1 8 4,589.88 2,850 P M L 4.1% (3) 3,446.99 3,201.27 92.9% 1.6% (4) 8 163 91 26
16 18 IT (1) (2) (3) (4) 3 5 JR 8 70VA/ 80% 100% 600%700% 643% 4 ( 245.72 ) 27 1 1 (2) 27
(3) 2,850,000,000 26 12 1 2,850,000,000 DCF 2,860,000,000 192,641,000 202,994,000 10,353,000 49,367,000 11,500,000 15,200,000 3,343,000 P M 2,733,000 1,110,000 15,200,000 26 181,000 100,000 143,274,000 2,009,000 2.0% 7,800,000 137,483,000 4.8% DCF 2,830,000,000 4.5% 4.9% 2,180,000,000 83.0% 17.0% 28
A-22 (1) 27 2 12 20 3 27 37 1 31 8 15 19 1 3 100%(1)564%(2) 690.17 3 1 1 9 4,078.48 2,690 P M L 9.0% (3) 3,056.56 3,056.56 100.0% 1.5% (4) 9 158 106 29
16 18 IT (1) (2) (3) (4) 3 JR 8 70VA/ 80% 100% 600% 564% 9 ( 141.18 ) 27 5 31 (2) 30
(3) 2,690,000,000 26 12 1 2,690,000,000 DCF 2,720,000,000 171,925,000 179,840,000 7,915,000 39,766,000 10,800,000 11,200,000 2,961,000 P M 2,290,000 1,069,000 11,286,000 26 160,000 0 132,159,000 2,393,000 2.0% 6,910,000 127,642,000 4.7% DCF 2,650,000,000 4.5% 4.9% 2,060,000,000 82.6% 17.4% 31
A-23 ANNEX (1) 27 2 12 20 3 27 37 1 31 14 2 56 1 4 100%(1)600% 631.74 3 11 9 3,829.74 2,140 P M L 4.1% 3,064.20 2,651.80 86.5% 1.3% (2) 6 121 71 32
ANNEX 16 18 IT (1) (2) ANNEX 4 5 JR 9 70VA/ 80% 100% (2) 33
(3) ANNEX 2,140,000,000 26 12 1 2,140,000,000 DCF 2,160,000,000 145,925,000 153,752,000 7,827,000 39,743,000 10,200,000 13,700,000 2,589,000 P M 2,054,000 805,000 10,184,000 26 141,000 70,000 106,182,000 1,576,000 2.0% 6,042,000 101,716,000 4.7% DCF 2,110,000,000 4.5% 4.9% 1,890,000,000 84.9% 15.1% 34
A-24 (1) 27 2 12 17 8 31 37 1 31 4 4 1 1 4 100%(1)600% 730.94 8 1 7 4,623.55 2,890 P M L 5.6% 3,137.52 3,137.52 100.0% 1.5% (2) 1 (2) (2) 35
JR (1) (2) 3 3 JR 6 3 1,500 140 1,000 80% 100% (2) 36
(3) 2,890,000,000 26 12 1 2,890,000,000 DCF 2,940,000,000 188,963,000 191,071,000 2,108,000 43,767,000 9,140,000 14,000,000 3,863,000 P M 2,639,000 0 13,937,000 26 188,000 0 145,196,000 2,182,000 2.0% 9,283,000 138,095,000 4.7% DCF 2,840,000,000 4.5% 4.9% 2,080,000,000 83.9% 16.1% 37
A-25 FORECAST (1) 27 2 12 17 4 22 37 1 31 13 9 13 11 4 100%(1)500% 555.39 2 11 1 7 3,390.96 2,070 P M L 11.1% 2,277.61 2,277.61 100.0% 1.1% (2) 6 103 72 38
1,000 (1) (2) FORECAST 2 3 80% 100% (2) 39
(3) FORECAST 2,070,000,000 26 12 1 2,070,000,000 DCF 2,110,000,000 130,581,000 136,064,000 5,483,000 30,595,000 4,430,000 9,250,000 1,939,000 P M 1,796,000 1,468,000 11,556,000 26 156,000 0 99,986,000 1,536,000 2.0% 4,660,000 96,862,000 4.6% DCF 2,020,000,000 4.4% 4.8% 1,310,000,000 81.5% 18.5% 40
A-26 KDX (1) 27 2 12 17 12 13 37 1 31 4 14 102 6 1 100%(1)682%(2) 394.68 (3) 59 2 8 2,193.10 1,720 P M L 7.1% 1,867.95 1,627.52 87.1% 0.8% (4) 6 86 69 41
1,000 (1) (2) (3) (4) KDX 1 1 KDX 700 70 80% 100% 600%700% 682% 42 2 12.43 (2) 42
(3) KDX 1,720,000,000 26 12 1 1,720,000,000 DCF 1,750,000,000 112,102,000 117,580,000 5,478,000 28,084,000 4,600,000 12,480,000 1,363,000 P M 1,496,000 662,000 7,336,000 26 147,000 0 84,018,000 1,572,000 2.0% 3,180,000 82,410,000 4.7% DCF 1,690,000,000 4.5% 4.9% 1,240,000,000 86.1% 13.9% 43
A-27 FORECAST (1) 27 2 12 13 9 26 37 1 31 1 2 1 4 1 100%(1)900% 342.52 3 8 1 11 2,132.83 2,030 P M L 4.1% 1,794.97 1,794.97 100.0% 0.9% (2) 11 93 66 44
FORECAST JR FORECAST 4 JR 5 JR (1) 80% 100% (2) (2) 45
(3) FORECAST 2,030,000,000 26 12 1 2,030,000,000 DCF 2,070,000,000 117,703,000 122,464,000 4,761,000 23,513,000 3,000,000 9,760,000 1,048,000 P M 2,138,000 751,000 6,731,000 26 85,000 0 94,190,000 1,534,000 2.0% 2,520,000 93,204,000 4.5% DCF 1,980,000,000 4.3% 4.7% 1,560,000,000 90.2% 9.8% 46
A-28 (1) 27 2 12 17 3 7 37 1 31 7 22 35 7 124 21 3 100%(1)354%(2) 1,022.43 62 9 1 4 3,618.66 2,290 P M L 12.7% 2,629.44 2,629.44 100.0% 1.3% (3) 8 119 75 47
JR JR JR IT (1) (2) (3) 5 JR 11 1 JR 7 4 80% 100% 400% 354% (2) 48
(3) 2,290,000,000 26 12 1 2,290,000,000 DCF 2,340,000,000 143,636,000 149,834,000 6,198,000 35,733,000 6,036,000 11,800,000 2,798,000 P M 1,749,000 722,000 12,432,000 26 196,000 0 107,903,000 1,687,000 2.0% 6,640,000 102,950,000 4.4% DCF 2,230,000,000 4.2% 4.6% 1,910,000,000 89.1% 10.9% 49
A-29 (1) 27 2 12 17 10 31 37 1 31 1 14 2 22 2 93%(1)483%(2) 361.60 4 6 1 8 1,657.22 1,300 P M L 4.4% 1,401.68 1,401.68 100.0% 0.7% (3) 6 70 40 50
JR JR JR 4 JR (1) (2) (3) JR 4 4 80% 60% 93% 500% 400% 483% (2) 51
(3) 1,300,000,000 26 12 1 1,300,000,000 DCF 1,320,000,000 79,803,000 83,113,000 3,310,000 22,382,000 3,300,000 11,620,000 474,000 P M 983,000 479,000 5,414,000 26 112,000 0 57,421,000 856,000 2.0% 2,996,000 55,281,000 4.2% DCF 1,270,000,000 4.0% 4.4% 989,000,000 85.5% 14.5% 52
A-30 FORECAST (1) 27 2 12 17 4 22 37 1 31 20 9 119 22 1 70%(1)400% 705.37 2 8 3,400.87 2,300 P M L 11.6% 2,498.93 2,082.44 83.3% 1.0% (2) 6 104 78 53
23 39 (1) (2) FORECAST JR 10 5 JR EV3 60% 70% (2) 54
(3) FORECAST 2,300,000,000 26 12 1 2,300,000,000 DCF 2,330,000,000 143,766,000 150,232,000 6,466,000 33,780,000 5,000,000 12,040,000 1,956,000 P M 1,915,000 1,390,000 11,341,000 26 138,000 0 109,986,000 1,855,000 2.0% 4,710,000 107,131,000 4.6% DCF 2,270,000,000 4.4% 4.8% 1,590,000,000 80.9% 19.1% 55
A-31 8 (1) 27 2 12 17 3 30 37 1 31 3 16 3 1 100%(1)800% 491.86 5 12 1 9 3,963.82 2,210 P M L 3.9% 2,999.68 2,999.68 100.0% 1.5% (2) 8 117 76 56
8 JR JR JR (1) (2) 8 JR 7 4 2 12 80% 100% (2) 57
(3) 8 2,210,000,000 26 12 1 2,210,000,000 DCF 2,250,000,000 151,886,000 159,591,000 7,705,000 44,982,000 7,500,000 17,300,000 2,094,000 P M 1,961,000 1,455,000 14,517,000 26 155,000 0 106,904,000 1,681,000 2.0% 5,040,000 103,545,000 4.6% DCF 2,170,000,000 4.4% 4.8% 1,970,000,000 83.6% 16.4% 58
A-32 (1) 27 2 12 25 9 6 37 1 31 7 6 7 1 100%(1)478%(2) 805.45 60 9 1 7 4,178.07 2,150 P M L 5.1% 2,932.84 1,967.72 67.1% 1.0% (3) 5 97 61 59
JR JR JR (1) (2) (3) JR 5 3 80% 100% 700% 478% (2) 60
(3) 2,150,000,000 26 12 1 2,150,000,000 DCF 2,160,000,000 152,948,000 160,982,000 8,034,000 41,939,000 10,524,000 11,700,000 4,731,000 P M 2,755,000 726,000 11,237,000 26 266,000 0 111,009,000 1,679,000 2.0% 11,040,000 101,648,000 4.7% DCF 2,130,000,000 4.4% 4.8% 1,760,000,000 80.7% 19.3% 61
A-33 FORECAST (1) 27 2 12 12 2 10 37 1 31 28 2 776 1 1 80%(1)355%(2) 2,099.82 61 1 2 12 (3) 1 6 7,496.30 5,560 P M L 12.4% 5,732.38 5,685.28 99.2% 2.8% (4) 7 302 224 62
JR FORECAST 3,000 (1) (2) (3) (4) FORECAST JR 6 FORECAST 2,300 280 1,000 FORECAST BCP 13 80% 100% 300%400% 355% 2 12 3 (2) 63
(3) FORECAST 5,560,000,000 26 12 1 5,560,000,000 DCF 5,660,000,000 356,581,000 372,182,000 15,601,000 85,215,000 11,500,000 36,000,000 4,403,000 P M 4,860,000 4,615,000 23,535,000 26 302,000 0 271,366,000 5,139,000 2.0% 10,480,000 266,025,000 4.7% DCF 5,450,000,000 4.5% 4.9% 4,480,000,000 84.8% 15.2% 64
A-34 NT (1) 27 2 12 16 9 10 37 1 31 1 1 1488 3 93%(1)400% 1,197.40 (2) 2 7 1 7 6,315.72 3,150 P M L 6.6% 4,518.79 4,518.79 100.0% 2.2% (3) 5 191 138 65
NT JR 20 25 NT 2 JR NT 2,000 230 1,000 NT 32 (1) 80% 60% 93% (2) 42 2 1.72 (3) (2) 66
(3) NT 3,150,000,000 26 12 1 3,150,000,000 DCF 3,190,000,000 234,270,000 244,481,000 10,211,000 70,663,000 15,319,000 30,000,000 3,950,000 P M 3,595,000 1,191,000 15,458,000 26 407,000 743,000 163,607,000 2,246,000 2.0% 9,500,000 156,353,000 4.9% DCF 3,110,000,000 4.7% 5.1% 2,260,000,000 77.0% 23.0% 67
A-35 (1) 27 2 12 16 9 10 37 1 31 44 15 3459 2 100%(1)500% 397.05 (2) 11 1 7 1,998.75 1,010 P M L 3.6% 1,645.17 1,645.17 100.0% 0.8% (3) 4 66 39 68
(1) (2) (3) JR 5 4 JR JR 600 80 2.6 40mm 10 80% 100% 42 2 0.75 (2) 69
(3) 1,010,000,000 26 12 1 1,010,000,000 DCF 1,020,000,000 77,547,000 81,001,000 3,454,000 21,409,000 4,850,000 7,700,000 2,022,000 P M 1,026,000 390,000 4,687,000 26 134,000 600,000 56,138,000 759,000 2.0% 4,719,000 52,178,000 5.1% DCF 1,000,000,000 4.9% 5.3% 661,000,000 79.3% 20.7% 70
A-36 (1) 27 2 12 13 3 26 37 1 31 4 14 2 8 1 60%300% 1,713.50 2 3 1 6 6,341.82 2,570 P M L 11.9% 4,006.20 2,816.25 70.3% 1.4% () 4 135 97 71
IT () 3 1,900 250 45 (2) 72
(3) 2,570,000,000 26 12 1 2,570,000,000 DCF 2,570,000,000 207,020,000 217,805,000 10,785,000 63,381,000 15,402,000 22,100,000 5,242,000 P M 3,436,000 1,298,000 14,896,000 26 357,000 650,000 143,639,000 2,659,000 2.0% 12,510,000 133,788,000 5.2% DCF 2,560,000,000 4.8% 5.2% 2,610,000,000 85.4% 14.6% 73
A-37 (1) 27 2 12 16 9 10 37 1 31 36 1 35 10 1 100%(1)491%(2) 1,645.77 (3) 5 1 8 8,237.40 3,290 P M L 7.8% ( 5 ) 6,442.50 5,571.17 86.5% 2.7% (4) 3 192 140 28 3 31 74
JR (1) (2) (3) (4) (5) 3 3 2,700 260 1,000 51 80% 100% 400%500% 491% 42 2 34.15 1 85.61 26 11 30 (2) 75
(3) 3,290,000,000 26 12 1 3,290,000,000 DCF 3,340,000,000 284,570,000 295,735,000 11,165,000 100,901,000 26,800,000 38,880,000 7,018,000 P M 3,693,000 1,738,000 16,947,000 26 484,000 5,341,000 183,669,000 3,292,000 2.0% 16,870,000 170,091,000 5.1% DCF 3,240,000,000 4.8% 5.3% 2,130,000,000 64.6% 35.4% 76
A-38 ANTEX24 (1) 27 2 12 16 12 28 37 1 31 1 14 213 1 1 100%(1)600% 448.98 63 2 8 2,730.13 1,750 P M L 3.7% 2,267.59 2,267.59 100.0% 1.1% (2) 6 93 56 77
ANTEX24 JR 9 JR 11 ANTEX24 1,00090 32 (1) 80% 100% (2) (2) 78
(3) ANTEX24 1,750,000,000 26 12 1 1,750,000,000 DCF 1,780,000,000 120,044,000 124,865,000 4,821,000 30,365,000 5,900,000 12,010,000 2,331,000 P M 1,561,000 727,000 7,632,000 26 204,000 0 89,679,000 1,204,000 2.0% 5,440,000 85,443,000 4.8% DCF 1,710,000,000 4.6% 5.0% 1,220,000,000 82.8% 17.2% 79
A-39 (1) 27 2 12 20 3 27 37 1 31 38 9 232 1 100%(1)600% 550.87 (2) ( 1,000 971) 63 3 8 3,310.05 (3) (4) 1,610 P M L 3.6% 2,659.67 2,659.67 100.0% 1.3% (5) 7 110 81 2 80
JR (1) (2) (3) (4) (5) 8 JR 10 JR 11 100VA/ 2 32 80% 100% 42 2 10.57 (2) 81
(3) 1,610,000,000 26 12 1 1,610,000,000 DCF 1,620,000,000 123,218,000 128,822,000 5,604,000 36,826,000 8,950,000 13,400,000 2,282,000 P M 1,704,000 650,000 9,561,000 26 127,000 152,000 86,392,000 1,499,000 2.0% 5,325,000 82,566,000 5.1% DCF 1,600,000,000 4.8% 5.3% 1,340,000,000 85.4% 14.6% 82
A-40 (1) 27 2 12 25 9 6 37 1 31 1 11 2 16 5 100%(1)477%(2) 503.57 63 5 1 6 2,349.54 1,430 P M L 3.6% 2,096.92 2,096.92 100.0% 1.0% (3) 4 92 61 2 16 20 2 392 40 2 41 83
(1) (2) (3) JR 3 JR 700 110 80% 100% 500% 477% (2) 84
(3) 1,430,000,000 26 12 1 1,430,000,000 DCF 1,450,000,000 96,878,000 100,900,000 4,022,000 21,154,000 5,746,000 6,780,000 1,892,000 P M 1,335,000 630,000 4,610,000 26 161,000 0 75,724,000 1,199,000 2.0% 4,416,000 72,507,000 5.0% DCF 1,410,000,000 4.8% 5.2% 1,190,000,000 86.6% 13.4% 85
A-41 IS (1) 27 2 12 26 10 30 37 1 31 6 5 23 4 100%(1)800% 796.15 5 8 1 10 6,509.84 2,300 P M L 9.6% (2) 4,345.30 4,165.66 95.9% 2.1% (3) 14 161 103 86
JR 1 1 3 I SJR 1 1 IS2,000 130 30 1,000 IS 21I S (1) 80% 100% (2) 10 196.85 27 3 31 (3) (2) 87
(3) IS 2,300,000,000 26 12 1 2,300,000,000 DCF 2,310,000,000 180,512,000 189,841,000 9,329,000 54,360,000 9,300,000 19,300,000 3,431,000 P M 2,480,000 888,000 18,504,000 26 457,000 0 126,152,000 1,958,000 2.0% 8,250,000 119,860,000 5.2% DCF 2,280,000,000 5.0% 5.4% 1,960,000,000 64.4% 35.6% 88
A-42 (1) 27 2 12 18 11 10 37 1 31 6 2 22 7 4 100%(1)800% 388.90 5 3 1 11 3.314.58 (2) 1,200 P M L 12.0% 3,314.58 3,314.58 100.0% 1.6% (3) 1 (3) (3) 89
(1) (2) (3) 1 8.7 80% 100% (2) 90
(3) 1,200,000,000 26 12 1 1,200,000,000 DCF 1,210,000,000 () P M 66,545,000 () 3,500,000 63,915,000 5.3% DCF 1,190,000,000 5.1% 5.5% 1,120,000,000 71.1% 28.9% () 91
A-43 (1) 27 2 12 19 5 30 37 1 31 14 32 1422 1 3 100%(1)600% 892.31 63 7 9 5,268.20 (2) 1,670 P M L 7.1% (3) 4,219.19 4,047.28 95.9% 2.0% (4) 20 111 42 92
(1) (2) (3) (4) 1 1,600 150 1,000 60 80% 100% 6 222.67 27 4 30 (2) 93
(3) 1,670,000,000 26 12 1 1,670,000,000 DCF 1,680,000,000 143,372,000 150,426,000 7,054,000 46,121,000 12,640,000 15,000,000 3,048,000 P M 2,637,000 903,000 11,322,000 26 377,000 194,000 97,251,000 983,000 2.0% 7,330,000 90,904,000 5.4% DCF 1,650,000,000 5.2% 5.6% 1,140,000,000 65.8% 34.2% 94
B-8 (1) 27 2 12 18 6 30 37 1 31 5 1 5 1 100%(1)600% 407.23 235,631 218,093 18 1 12 2,909.82 (2) (3) 1,900 P M L 4.4% (4) 2,183.93 2,183.93 100.0% 41 41 100% 1.1% 41 8,786 18 3 95
3 2 (1) 80% 100% (2) (3) 161.32 (4) (2) 96
(3) 1,900,000,000 26 12 1 1,900,000,000 DCF 1,910,000,000 107,945,000 112,561,000 4,616,000 16,529,000 4,420,000 0 1,541,000 1 P M 1,544,000 4,185,000 1 4,678,000 26 161,000 0 91,416,000 357,000 2.0% 2,056,000 89,717,000 4.7% DCF 1,880,000,000 4.4% 4.9% 1,400,000,000 73.3% 26.7% 97
C-1 (1) 27 3 12 18 12 15 37 1 31 10 18 1 13 2 100%(1)698%(2) 217.53 20 10 1 9 1,528.45 3,350 P M L 4.6% 1,383.31 1,256.33 90.8% 0.6% (3) 7 161 140 98
(1) (2) (3) JR 5 1 JR 80% 100% 600%700% 698% (2) 99
(3) 3,350,000,000 26 12 1 3,350,000,000 DCF 3,400,000,000 185,635,000 193,370,000 7,735,000 44,025,000 7,000,000 20,532,000 616,000 P M 4,053,000 1,197,000 10,566,000 26 61,000 0 141,610,000 2,542,000 2.0% 1,437,000 142,715,000 4.2% DCF 3,290,000,000 4.0% 4.4% 2,320,000,000 85.0% 15.0% 100
C-2 (1) 27 2 12 14 12 20 37 1 31 1 3 1 3 100%(1)600% 2,081.39 63 4 2 7 12,013.67 2,130 P M L 12.7% (2) 6,466.99 5,992.14 92.7% 3.0% 24 186 150 101
40 57 2 31 9 1 6 22 18 (1) (2) 2 1 4 5 80% 100% 2 340.23 26 11 1 (2) 102
(3) 2,130,000,000 26 12 1 2,130,000,000 DCF 2,140,000,000 291,263,000 300,696,000 9,433,000 157,227,000 41,140,000 77,999,000 7,320,000 P M 4,533,000 1,292,000 18,547,000 26 636,000 5,760,000 134,036,000 3,353,000 2.0% 17,763,000 119,626,000 5.6% DCF 2,110,000,000 5.4% 5.8% 1,420,000,000 34.2% 65.8% 103
(1) 8 1 1 PML PML Probable Maximum Loss 50 475 50 10% 90% % 26 10 31 26 10 31 26 10 31 26 10 31 26 10 31 2 27 3 12 202,969.84 2 B-8 1031 104
B-8 1031 B-826 10 31 2 26 10 31 (1) (1) 1 26 10 31 12 (2) 12 ( 2) B-8 261031 (2) (2) 26 10 31 (1) (2) http://www.nipponreit.com/ 1 2 3 105
1 DCF NOI NOI % (1) % (2) % % A-16 26 12 1 2,890 2,940 4.4 2,830 4.2 4.6 130,112 4.6 A-17 26 12 1 8,500 8,910 4.3 8,320 4.1 4.5 382,045 5.2 A-18 FORECAST 26 12 1 5,230 5,290 4.3 5,170 4.0 4.4 228,042 4.4 A-19 325 26 12 1 1,850 1,870 4.4 1,830 4.1 4.5 83,895 4.5 A-20 FORECAST 26 12 1 1,240 1,260 4.4 1,220 4.2 4.6 58,906 4.8 A-21 26 12 1 2,850 2,860 4.8 2,830 4.5 4.9 143,274 5.1 A-22 26 12 1 2,690 2,720 4.7 2,650 4.5 4.9 132,159 5.0 A-23 26 ANNEX 12 1 2,140 2,160 4.7 2,110 4.5 4.9 106,182 5.1 A-24 26 12 1 2,890 2,940 4.7 2,840 4.5 4.9 145,196 5.1 A-25 FORECAST 26 12 1 2,070 2,110 4.6 2,020 4.4 4.8 99,986 4.8 A-26 26 KDX 12 1 1,720 1,750 4.7 1,690 4.5 4.9 84,018 5.1 A-27 FORECAST 26 12 1 2,030 2,070 4.5 1,980 4.3 4.7 94,190 4.6 A-28 26 12 1 2,290 2,340 4.4 2,230 4.2 4.6 107,903 4.9 A-29 26 12 1 1,300 1,320 4.2 1,270 4.0 4.4 57,421 4.6 A-30 FORECAST 26 12 1 2,300 2,330 4.6 2,270 4.4 4.8 109,986 4.8 A-31 26 8 12 1 2,210 2,250 4.6 2,170 4.4 4.8 106,904 4.8 A-32 26 12 1 2,150 2,160 4.7 2,130 4.4 4.8 111,009 5.5 A-33 FORECAST 26 12 1 5,560 5,660 4.7 5,450 4.5 4.9 271,366 4.9 A-34 NT 26 12 1 3,150 3,190 4.9 3,110 4.7 5.1 163,607 5.3 A-35 26 12 1 1,010 1,020 5.1 1,000 4.9 5.3 56,138 5.7 A-36 26 12 1 2,570 2,570 5.2 2,560 4.8 5.2 143,639 5.8 A-37 26 12 1 3,290 3,340 5.1 3,240 4.8 5.3 183,669 5.8 A-38 ANTEX24 26 12 1 1,750 1,780 4.8 1,710 4.6 5.0 89,679 5.3 A-39 26 12 1 1,610 1,620 5.1 1,600 4.8 5.3 86,392 5.6 A-40 26 12 1 1,430 1,450 5.0 1,410 4.8 5.2 75,724 5.5 A-41 26 IS 12 1 2,300 2,310 5.2 2,280 5.0 5.4 126,152 5.6 A-42 26 12 1 1,200 1,210 5.3 1,190 5.1 5.5 66,545 5.5 A-43 26 12 1 1,670 1,680 5.4 1,650 5.2 5.6 97,251 6.0 106
DCF NOI NOI % (1) % (2) % % 71,890 73,110 70,760 3,541,390 5.1 B-8 26 12 1 1,900 1,910 4.7 1,880 4.4 4.9 91,416 5.0 1,900 1,910 1,880 91,416 5.0 C-1 26 12 1 3,350 3,400 4.2 3,290 4.0 4.4 141,610 4.2 C-2 26 12 1 2,130 2,140 5.6 2,110 5.4 5.8 134,036 6.5 5,480 5,540 5,400 275,646 5.1 79,270 80,560 78,040 3,908,452 5.1 (1) (2) NOI Net Operating Income NOI NCF Net Cash Flow NOI NOI NOI NOI 2 NOI 107
2 (1)(2) (1)(3) A-16 26 9 8 0 3,959 A-17 26 7 18 0 8,490 A-18 FORECAST 26 10 30 0 6,622 A-19 325 26 10 30 0 4,607 A-20 FORECAST 26 10 30 0 6,853 A-21 26 10 27 0 11,143 A-22 26 10 28 0 9,868 A-23 26 10 27 ANNEX 0 8,631 A-24 26 9 8 0 12,874 A-25 FORECAST 26 10 28 0 6,462 A-26 KDX 26 8 11 0 4,542 A-27 FORECAST 26 10 29 0 3,493 A-28 26 8 7 0 9,327 A-29 26 9 10 0 3,469 A-30 FORECAST 26 11 4 0 6,519 A-31 8 26 11 4 0 6,979 A-32 26 9 19 0 15,770 A-33 FORECAST 26 11 4 0 14,677 A-34 NT 26 8 8 0 13,165 A-35 26 8 6 0 6,740 A-36 26 8 11 0 17,472 A-37 26 8 6 0 23,393 A-38 ANTEX24 26 8 12 0 7,769 A-39 26 10 28 0 7,606 A-40 26 9 19 0 6,308 A-41 IS 26 9 12 0 11,438 A-42 26 11 10 0 4,999 A-43 26 8 25 0 10,159 108
(1)(2) (1)(3) B-8 26 9 10 0 2,937 C-1 26 10 31 0 2,052 C-2 26 8 12 0 24,399 0 282,722 (1) (2) (3) 1 12 12 1 109
3 (1) % % (2) (3) (6) (4) (5) A-1 FORECAST 21 2 16 2,260 1.4 2,520 17 150 1,945.68 1,945.68 100.0 A-2 21 FORECAST 2 11 EAST 2,130 1.4 2,240 2 152 2,490.08 2,490.08 100.0 A-3 FORECAST 21 1 31 1,430 0.9 1,610 10 78 1,678.15 1,269.22 75.6 A-4 FORECAST 20 AVENUE 9 19 6,500 4.2 6,700 8 378 4,337.15 4,337.15 100.0 A-5 FORECAST 21 8 20 4,800 3.1 5,090 22 268 3,844.67 3,844.67 100.0 A-6 FORECAST 21 9 11 1,800 1.2 1,890 5 108 1,786.18 1,786.18 100.0 A-7 FORECAST 55 SOUTH 11 6 13,990 9.0 14,400 22 954 14,144.51 14,144.51 100.0 A-8 FORECAST 60 4 22 5,760 3.7 5,820 5 312 6,566.76 5,610.53 85.4 A-9 2 3 15 2,860 1.8 2,890 6 180 2,984.94 2,984.94 100.0 A-10 62 12 16 2,780 1.8 2,870 5 171 2,689.28 2,689.28 100.0 A-11 22 1 26 2,260 1.4 2,280 9 115 2,621.74 2,058.44 78.5 A-12 52 1 30 3,330 2.1 3,210 6 81 3,545.82 1,115.91 31.5 A-13 3 11 27 2,520 1.6 2,610 5 194 4,219.65 4,219.65 100.0 A-14 3 8 4 3,510 2.2 3,510 5 135 1,897.67 1,541.73 81.2 A-15 JS 5 4 26 5,325 3.4 5,400 7 406 11,988.14 11,988.14 100.0 A-16 62 5 28 2,827 1.8 2,890 7 138 1,500.83 1,364.58 90.9 A-17 56 6 30 7,396 4.7 8,500 4 394 7,882.60 7,882.60 100.0 53 A-18 FORECAST 11 10 5,230 3.4 5,230 24 229 4,066.50 4,066.50 100.0 (7) A-19 325 62 8 29 1,850 1.2 1,850 7 84 2,007.07 1,766.71 88.0 A-20 51 FORECAST 12 31 1,240 0.8 1,240 5 68 1,292.85 1,230.45 95.2 A-21 3 2 14 2,810 1.8 2,850 8 163 3,446.99 3,201.27 92.9 A-22 3 1 31 2,640 1.7 2,690 9 158 3,056.56 3,056.56 100.0 A-23 3 ANNEX 11 12 2,100 1.3 2,140 6 121 3,064.20 2,651.80 86.5 A-24 2,837 1.8 2,890 1 3,137.52 8 23 (8) 3,137.52 100.0 A-25 2 FORECAST 11 8 2,070 1.3 2,070 6 103 2,277.61 2,277.61 100.0 A-26 KDX 59 2 9 1,650 1.1 1,720 6 86 1,867.95 1,627.52 87.1 110
(1) % % (2) (3) (6) (4) (5) A-27 3 FORECAST 8 1 2,030 1.3 2,030 11 93 1,794.97 1,794.97 100.0 A-28 62 9 22 2,207 1.4 2,290 8 119 2,629.44 2,629.44 100.0 A-29 4 6 9 1,249 0.8 1,300 6 70 1,401.68 1,401.68 100.0 A-30 FORECAST 2,300 2 16 1.5 2,300 6 104 2,498.93 2,082.44 83.3 A-31 5 8 12 3 2,210 1.4 2,210 8 117 2,999.68 2,999.68 100.0 A-32 60 9 19 2,033 1.3 2,150 5 97 2,932.84 1,967.72 67.1 A-33 61 FORECAST 1 23 5,550 3.6 5,560 7 302 5,732.38 5,685.28 99.2 A-34 2 NT 7 24 3,094 2.0 3,150 5 191 4,518.79 4,518.79 100.0 A-35 11 13 979 0.6 1,010 4 66 1,645.17 1,645.17 100.0 A-36 2 3 30 2,475 1.6 2,570 4 135 4,006.20 2,816.25 70.3 A-37 5 1 20 3,146 2.0 3,290 3 192 6,442.50 5,571.17 86.5 A-38 63 ANTEX24 2 20 1,691 1.1 1,750 6 93 2,267.59 2,267.59 100.0 A-39 63 3 1 1,550 1.0 1,610 7 110 2,659.67 2,659.67 100.0 A-40 63 5 19 1,372 0.9 1,430 4 92 2,096.92 2,096.92 100.0 A-41 IS 5 8 24 2,258 1.4 2,300 14 161 4,345.30 4,165.66 95.9 A-42 5 1,200 0.8 1,200 1 3,314.58 3 16 (9) 3,314.58 100.0 A-43 63 7 25 1,626 1.0 1,670 20 111 4,219.19 4,047.28 95.9 130,882 83.9 134,930 336 7,545 155,846.93 145,953.52 93.7 B-1 21 2 5 B-2 13 N11 3 7 B-3 18 3 10 B-4 19 3 15 B-5 18 9 22 B-6 19 2 28 B-7 17 3 3 B-8 18 1 11 11,880 7.6 12,200 264 734 16,913.29 16,102.54 95.2 1,570 1.0 1,590 1 115 8,567.50 8,567.50 100.0 1,280 0.8 1,300 65 87 2,891.42 2,775.42 96.0 1,110 0.7 1,110 1 74 3,121.60 3,121.60 100.0 785 0.5 805 1 55 2,250.00 2,250.00 100.0 695 0.4 712 1 49 1,800.00 1,800.00 100.0 640 0.4 647 40 43 1,544.87 1,474.26 95.4 1,813 1.2 1,900 41 105 2,183.93 2,183.93 100.0 111
(1) % % (2) (3) (6) (4) (5) 19,773 12.7 20,264 414 1,264 39,272.61 38,275.25 97.5 C-1 20 10 15 C-2 63 4 15 3,350 2.1 3,350 7 161 1,383.31 1,256.33 90.8 2,063 1.3 2,130 24 186 6,466.99 5,992.14 92.7 5,413 3.5 5,480 31 348 7,850.30 7,248.47 92.3 156,068 100.0 160,674 781 9,159 202,969.84 191,477.24 94.3 (1) (2) (3) (4) (5) (6) (7) (8) (9) 26 10 1 26 10 31 12 12 26 10 31 26 10 31 26 10 31 26 10 31 2 112