As of June 30, 2026

Property Type		Property Number	Property Name	Indices	20FP
					2025 Dec.	2026 Jan.	2026 Feb.	2026 Mar.	2026 Apr.	2026 May
Hotels	Business Hotel / City Hotel	H-1	APA HOTEL 〈ASAKUSABASHI EKIMAE〉	Room occupancy rate (％)	100.9	100.8	100.9	101.0	101.5	101.2
				ADR (yen)	13,397	9,620	11,056	14,020	15,524	12,809
				RevPAR (yen)	13,515	9,696	11,155	14,156	15,751	12,959
				Sales (millions of yen)	77	56	58	80	87	74
		H-2	APA HOTEL 〈NAMBAMINAMI DAIKOKUCHO EKIMAE〉	Room occupancy rate (％)	95.5	85.7	92.1	93.4	92.2	89.7
				ADR (yen)	9,406	7,429	7,557	8,520	9,123	8,956
				RevPAR (yen)	8,979	6,365	6,960	7,961	8,414	8,033
				Sales (millions of yen)	33	23	23	29	30	29
		H-3	APA HOTEL 〈GIFUHASHIMA EKIMAE〉	Room occupancy rate (％)	74.1	59.2	80.7	74.2	70.7	74.3
				ADR (yen)	6,874	6,019	5,883	7,427	6,984	7,481
				RevPAR (yen)	5,095	3,564	4,747	5,512	4,938	5,555
				Sales (millions of yen)	23	16	19	25	21	25
		H-4	APA HOTEL 〈NAMBAKITA SHINSAIBASHI EKIMAE〉	Room occupancy rate (％)	93.5	90.3	96.6	95.2	93.9	92.7
				ADR (yen)	10,320	8,326	8,429	9,235	10,031	9,825
				RevPAR (yen)	9,654	7,515	8,139	8,792	9,418	9,111
				Sales (millions of yen)	49	38	37	45	46	46
		H-5	APA HOTEL 〈HAKATA EKIMAE 4CHOME〉	Room occupancy rate (％)	98.9	98.3	99.2	99.9	99.6	99.8
				ADR (yen)	13,278	9368	12721	12398	12907	12534
				RevPAR (yen)	13,136	9207	12625	12383	12859	12508
				Sales (millions of yen)	44	31	38	42	42	42
		H-6	APA HOTEL 〈MATSUYAMAJO NISHI〉	Room occupancy rate (％)	87	75.8	86.4	93.5	93.1	89.5
				ADR (yen)	7,927	7470	7999	8731	7639	10935
				RevPAR (yen)	6,895	5661	6908	8164	7109	9784
				Sales (millions of yen)	31	25	28	37	31	44
		H-7	HOTEL VISTA ATSUGI	Room occupancy rate (％)	-	-	-	-	-	-
				ADR (yen)	-	-	-	-	-	-
				RevPAR (yen)	-	-	-	-	-	-
				Sales (millions of yen)	-	-	-	-	-	-
	Resort Hotel	S-1	Ooedo-Onsen Monogatari Reoma Resort (Hotel Reoma no Mori)	Room occupancy rate (％)	81.5	78.6	81.8	89.0	81.8	84.6
				ADR (yen)	37,265	32,536	28,941	37,879	27,845	34,948
				RevPAR (yen)	30,357	25,565	23,676	33,716	22,789	29,555
				Sales (millions of yen)	287	191	186	285	192	259
		S-2	Ooedo-Onsen Monogatari Premium Ise-shima	Room occupancy rate (％)	82.9	84.4	90.9	94.5	83.9	83.8
				ADR (yen)	46,798	41,814	39,227	49,336	36,124	41,203
				RevPAR (yen)	38,782	35,281	35,666	46,615	30,297	34,545
				Sales (millions of yen)	107	95	90	125	80	93
		S-3	Ooedo-Onsen Monogatari Premium Ito Hotel New Okabe	Room occupancy rate (％)	69.1	76.1	79.1	96.9	83.7	69.9
				ADR (yen)	47367	41,237	43,975	46,368	38,050	44,703
				RevPAR (yen)	32721	31,377	34,787	44,931	31,839	31,262
				Sales (millions of yen)	117	112	109	156	108	112
		S-4	Ooedo-Onsen Monogatari Premium Atami	Room occupancy rate (％)	92.5	92.7	96.3	95.5	87.2	85.2
				ADR (yen)	52,699	49,643	49,111	58,747	46,107	51,535
				RevPAR (yen)	48,726	46,006	47,311	56,075	40,222	43,913
				Sales (millions of yen)	120	111	105	136	94	107
		S-5	Ooedo-Onsen Monogatari Wan Wan Resort Nishi-Izu	Room occupancy rate (％)	83.6	86.2	94.1	83.0	76.3	75.9
				ADR (yen)	33,721	28,532	25,700	45,402	34,654	43,093
				RevPAR (yen)	28,180	24,604	24,190	37,663	26,454	32,706
				Sales (millions of yen)	60	49	40	77	56	72
		S-6	Ooedo-Onsen Monogatari Awara	Room occupancy rate (％)	65.5	48.0	63.3	76.2	75.8	68.0
				ADR (yen)	36,764	32,316	26,516	34,997	26,672	34,769
				RevPAR (yen)	24,068	15,505	16,777	26,678	20,205	23,647
				Sales (millions of yen)	81	53	51	86	63	75
		S-8	Ooedo-Onsen Monogatari Premium Ikaho	Room occupancy rate (％)	83.8	80.3	86.7	93.3	90.2	86.0
				ADR (yen)	49848	43,519	38,476	49,459	41,887	50,486
				RevPAR (yen)	41761	34,944	33,358	46,146	37,768	43,426
				Sales (millions of yen)	54	46	39	60	47	56
		S-12	Ooedo-Onsen Monogatari Premium Kinugawa Kanko Hotel	Room occupancy rate (％)	61.5	58.8	76.7	91.9	93.8	88.5
				ADR (yen)	56,134	51,215	44,439	52,412	41,623	49,032
				RevPAR (yen)	34,528	30,123	34,071	48,150	39,030	43,412
				Sales (millions of yen)	195	171	169	263	208	239
		S-14	Ooedo-Onsen Monogatari Higashiyama Grand Hotel	Room occupancy rate (％)	63.3	74.1	72.9	69.4	87.0	87.5
				ADR (yen)	32,279	27,177	24,990	28,698	26,022	30,597
				RevPAR (yen)	20,434	20,149	18,220	19,922	22,644	26,769
				Sales (millions of yen)	85	82	67	81	88	107
		S-1	Ooedo-Onsen Monogatari Reoma Resort (New Reoma World)	Number of guests	50,149	25,064	23,420	37,013	27,431	48,716
Residentials				Occupancy rate (%)	97.8	98.2	97	98.2	97.3	97.2