We would like to express our sincere appreciation to all unitholders for your continued support of Fukuoka REIT Corporation (FRC).

We are pleased to report on the financial results and operating performance of FRC for the 43rd fiscal period (September 1, 2025 to February 28, 2026).

Operating revenues for the period were 10,822 million yen, operating income was 4,487 million yen, ordinary income was 4,006 million yen, and profit was 4,005 million yen. In addition, by applying the "Tax Benefits for Specific Asset Replacement Transactions", we retained 399 million yen as internal reserves, resulting in a distribution per unit of 4,151 yen. This represents an increase of 151 yen from the forecast distribution per unit of 4,000 yen announced at the beginning of the period.

Regarding internal growth, rental business income from our flagship property Canal City Hakata increased by 8.5% compared to forecast, and other commercial facilities also achieved growth exceeding expectations through rent increases upon tenant replacement and rent revisions. As a result of actively conducting rent increase negotiations, office assets are expected to see an average increase of 8.9% compared to pre-revision rent levels.

Regarding external growth (asset replacement), in October 2025, we acquired silent partnership equity interests in two conveniently located residential properties in central Nagasaki City, ABAS CHIKUGOMACHI and ABAS KANAYAMACHI, as trust properties. Additionally, in February 2026, we acquired land adjacent to LOGICITY Kumamoto Mifune as parking space for tenant employees. Furthermore, the office building Tenjin North Front Building completed its fourth disposition in February 2026.

As part of our Sustainability Initiatives, one of FRC's key measures, we are committed to "maintaining and improving building performance and environmental performance" under the E (Environment) category and have obtained a 4-Star rating and Green Star designation in the GRESB Real Estate Assessment for our properties. We will continue to actively collaborate with local communities and communicate information to our unitholders through the publication of integrated reports and other means.

As a REIT specializing in regional properties, FRC continuously strives to maintain sound asset management while responding swiftly to market changes, with the support and cooperation from leading sponsors in the Kyushu business-economic community. We are resolved to make the utmost efforts to secure stable earnings over the medium to long term, and to continuously offer stable dividends per unit into the future based on our management philosophy of “Act Local, Think Global”. Furthermore, along with our mission to "create value and growth from Fukuoka through leveraging real estate finance", we aim to expand our earnings base and asset size by connecting Fukuoka with the world and creating a sustainable future for real estate.

We greatly appreciate your continued support and cooperation.

April 15, 2026