Hankyu REIT
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Occupancy rate (Occupancy by end-tenants)

Total HEP Five
(Hankyu Five Building)
Kitano Hankyu Building Dew Hankyu Yamada
(Yamada Nishi Hankyu Bldg.)
Ueroku F Building    

2nd Dec Jan Feb Mar Apr May
Total 99.5% 99.3% 98.8% 100.0% 100.0% 100.0%
HEP Five
(Hankyu Five Building)
100.0% 99.0% 99.0% 100.0% 100.0% 100.0%
Kitano Hankyu Building 100.0% 99.7% 99.7% 100.0% 100.0% 100.0%
Dew Hankyu Yamada
(Yamada Nishi Hankyu Bldg.)
100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Ueroku F Building 91.1% 91.1% 83.9% 100.0% 100.0% 100.0%

1st Jun Jul Aug Sep Oct Nov
Total 99.8% 99.8% 99.7% 100.0% 100.0% 99.5%
HEP Five
(Hankyu Five Building)
100.0% 100.0% 99.6% 100.0% 100.0% 100.0%
Kitano Hankyu Building 99.4% 99.4% 99.4% 100.0% 100.0% 100.0%
Dew Hankyu Yamada
(Yamada Nishi Hankyu Bldg.)
100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Ueroku F Building           91.1%

1st Dec Jan Feb Mar Apr May
Total     97.8% 98.0% 99.5% 99.8%
HEP Five
(Hankyu Five Building)
    98.9% 100.0% 100.0% 100.0%
Kitano Hankyu Building     95.5% 95.5% 98.9% 99.4%
Dew Hankyu Yamada
(Yamada Nishi Hankyu Bldg.)
    100.0% 100.0% 100.0% 100.0%
Ueroku F Building