AUGUST 2021（19TH）

FISCAL PERIOD

GLP J-REIT（3281）

October 13, 2021

agenda

August 2021（19th）Fiscal Period

Financial Results and Initiatives for August 2021（19th）Period

P3

Initiatives for Further Growth

P15

Japan Logistics Real Estate Market

P24

Characteristics of GLP J-REIT

P29

APPENDIX

P36

2

Financial Results and Initiatives for August 2021 (19th) Period

3

EXECUTIVE SUMMARY

Strong DPU Growth and Active ESG Initiatives

Strong DPU growth

External growth through timely

public offering

Asset disposition through capturing market trend

Strong internal growth

Value-add initiatives by GLP

Group Expertise

Active ESG initiatives

  • Aug. 2021 period Actual DPU is +13.0% vs initial forecast in Apr. 2021, 3,048yen
  • Feb. 2022 period Forecasted DPU is +3.3% vs the Apr. 2021 forecast, 2,748yen,
  • Acquisition of 4 new properties for a total of 49.3 billion yen through a timely public offering
  • The first Accelerated Global Offering (AGO)1 among J-REITs
  • Successfully distributed unrealized gain2 through the sale of GLP Okegawa at a price significantly higher than the appraisal value
  • Achieved a strong rent increase of 5.8%, continuing strong internal growth
  • Secured 80% of the lease maturing in Feb. 2022 Period
  • Achieved significant rent increases leveraging cold storage facility
  • Consideration of redevelopment strategies to enhance value of owned properties
  • Issued Reward-type Sustainability Linked Bonds(SLB) for the first time in the global public bonds market
  • Expressed support for the TCFD3 recommendations and joined the TCFD consortium

1. The notes on this page constitute an integral part of this presentation. See P.57

4

Financial Results for August 2021 (19th) Period

Aug. 2021 Period: Results vs. Forecast in Apr. 2021

  • DPU exceeded initial forecast by 13.0% through public offering and asset disposition

DPU

NOI

Gain on asset sale

Average

Occupancy Rate1

LTV

Aug. 2021

Forecast

（in Apr.2021）

2,697 yen

18.5 bn yen

―

99.0%

44.5%

Aug. 2021

Actual

3,048 yen

18.9 bn yen

1.1bn yen

99.1%

44.1%

Differences

+13.0%

+2.1%

―

―

―

1. "Average. occupancy Rate" is calculated by rounding off the average occupancy as of the end of each month. If the rounded result is 100.0%, the second decimal

place is rounded down to 99.9%. The same applies below.

5

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GLP J-REIT published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 06:11:09 UTC.