We would like to express our sincere gratitude for your support and patronage of United Urban Investment Corporation ("United Urban").

On July 15, 2026, United Urban announced the financial results for the 45th fiscal period ended May 31, 2026.

In order to achieve further growth through external growth and increasing unitholder returns, United Urban decided on a public offering on November 17, 2025, and raised approximately 23.3 billion yen. Under our investment policy as a diversified J-REIT, in this fiscal period, United Urban acquired four properties, comprising two retail facilities and two industrial facilities (total acquisition price: 38,290 million yen). In addition, we sold two properties comprising one retail facility and one residential property (total sale price: 16,350 million yen) by comprehensively assessing the real estate sales market and the profitability of our properties, etc. As a result, we achieved further qualitative improvement, such as improving the profitability of our portfolio and replacing some older properties.

Amid continuing instability in the international situation, the yen depreciation continues even after the Bank of Japan's additional interest rate hike. The number of inbound visitors has steadily increased, and under the inflationary environment, the Japanese economy continues its gradual recovery trend, with real estate rental demand also remaining steady.

Under these circumstances, United Urban implemented measures to improve profitability in each type of use and field, then posted operating revenues of 30,839 million yen (an increase of 2,659 million yen over the previous fiscal period) and net income of 14,618 million yen (an increase of 2,330 million yen over the previous fiscal period). As a result, the cash distribution per unit for the 45th fiscal period reached 4,592 yen (an increase of 450 yen over the previous fiscal period).

With a continuous focus on improving the quality of our portfolio through asset replacement in order to achieve sustainable growth and improve unitholder value, United Urban has decided to acquire four properties, comprising two hotels and two healthcare facilities (total acquisition price: 7,465 million yen), acquire the building upon the completion of “BOUNCEE by RIHGA Fukuoka Hakata,” which United Urban itself developed (acquisition price of 2,202 million yen), and execute the first split sale of the "UUR Shinsaibashi Building" (sale price: 11,780 million yen).

Your continuing support and kind attention are highly appreciated.

July 2026