





| Dec.31,2004 | Jun.30,2005 | Dec.31,2005 | Jun.30,2006 | Dec.31,2006 | Jun.30,2007 | |
| Operating Revenues(*1) (yen in million) |
16,116 | 16,731 | 19,363 | 24,307 | 25,894 | 26,641 |
| Net Income (yen in million) |
6,306 | 6,161 | 7,205 | 9,851 | 9,766 | 10,063 |
| Distribution per Share (yen) |
17,291 | 16,893 | 17,046 | 19,391 | 19,224 | 19,809 |
| FFO Per Share(yen)(*2) | 23,060 | 25,887 | 26,505 | 27,395 | 29,042 | 29,896 |
| Total Assets (yen in million) |
430,378 | 449,556 | 564,902 | 633,693 | 634,117 | 680,266 |
| LTV(Debt-assets ratio)(%) | 41.7% | 44.4% | 48.5% | 41.0% | 40.9% | 44.9% |
*1 Operating revenues do not include consumption tax.
*2 Funds from operations per share: (Net income (excluding Gain on sale of investment properties + Gain on exchange of investment properties) + Depreciation and amortization) / Weighted average number of common shares issued and outstanding during the period.




