Investor Relations

Distributions

37th Period (2H/2019)

Distribution Per Unit:

¥11,011

Distribution Payment Date:

March13,2020

Fiscal period: from July 1, 2019 through December 31, 2019 (for six months)
To be eligible to receive their distribution, unitholders are required to be listed on NBF‘s final unitholder registry as of December 31, 2019. Please confirm the final trading day for trading with rights with your securities company.

38th Period (1H/2020)

Distribution Per Unit:

¥10,720

Distribution Payment Date (Planned):

September,2020

39th Period (2H/2020)

Distribution Per Unit:

¥10,750

Distribution Payment Date (Planned):

March,2021

Fiscal period: from July 1, 2020 through December 31, 2020 (for six months)
A forecasted distribution is calculated based on certain conditions and an actual distribution is subject to fluctuation due to changes in such conditions. Furthermore, this forecast is not intended to guarantee the amount of cash distribution.

* NBF implemented a split of its investment units on a two-for-one basis effective as of January 1, 2014. For reference, figures prior to unit split are adjusted for the unit split.

Article 14, Paragraph 4 of NBF's Articles of Incorporation states that NBF shall be released from its obligations to pay distributions which are not received for the full three-year period after the date distribution payments commence.
Please use the following contact information for inquiries concerning receiving distributions.

	Sumitomo Mitsui Trust Bank, Ltd., Stock Transfer Agency Business Planning Dept. Telephone: 0120-782-031 (Toll-free in Japan)

Investor Relations

Distribution Per Unit

Portfolio Data

Number of Properties	71
Asset Size(Total Acquisition Price)	1,135.5billion yen
As of Mar. 4, 2020

Occupancy Rate	99.5%
As of Feb. 29, 2020

Financial Data

37th Period(Second-Half 2019)