CRE Logistics REIT : Financial Results Briefing for the 12th Fiscal Period Ended June 30, 2022

Securities Code 3487

Financial Results Briefing for the 12th Fiscal Period

Ended June 2022 (January 1, 2022 to June 30, 2022)

LogiSquare Sayama Hidaka

The property is located approximately 0.7 km from the Sayama Hidaka Interchange on the Ken-O Expressway, and access to National Route 407 is also easy. Surrounded by numerous warehouses, factories and other facilities, the property can be operated 24 hours a day.

August 15, 2022

CRE REIT Advisers, Inc.

Contents

Contents

Glossary

1.	Acquisition and Sale	2
2.	Financial Results and Forecasts	10
3.	Growth Strategies	19
4.	Disclosure based on TCFD Recommendations	32
5.	Characteristics of CRE Logistics REIT, Inc.	41
6.	Market Environment	52
7. Appendix	60

Term	Definition
Appraisal value	The appraisal value or an investigated value as of the end of the period is stated based on the
Certificate of Incorporation of CRE REIT and the Regulation on Accountings of Investment
	Corporations (Cabinet Office Order No.47 of 2006 including subsequent revisions)
Unrealized gains	(Appraisal value) - (Book value) as of the end of the period (Acquisition price in the case of newly
acquired assets)
LTV	(Outstanding balance of interest-bearing debt) / (Total Assets)
LTV based on	(Outstanding balance of interest-bearing debt) / (Total assets + Unrealized gains)
appraisal value
NAV	Net assets + Unrealized gains - Total amount of distributions
NAV per unit	(Net assets + Unrealized gains - Total amount of distributions) / Total number of investment units
outstanding
Acquisition price	The purchase agreement price for each of the trust beneficiary rights stated in the sales agreement
and does not include national and local consumption taxes or sales commission and other
	expenses that are incurred in the acquisition
NOI yield	Ratio of actual NOI of the portfolio assets to their acquisition price
Appraisal NOI yield	Ratio of the appraisal NOI of each asset (based on the relevant real estate appraisal report with
valuation dated as of the end of the period) to the acquisition price of each asset
Occupancy ratio	The ratio of the leased area to the leasable area
CRE	CRE, INC.
CRE Group	CRE, INC. and its subsidiaries and affiliates

• This material is not a disclosure material under the Financial Instruments and Exchange Act, the Act on Investment Trusts and Investment Corporations or the Securities Listing Regulations of the Tokyo Stock Exchange.
• As of the date of this material, the auditing procedures for financial statements pursuant to the Financial Instruments and Exchange Act have not been completed.
• The purpose of this material is to provide information and not to offer, solicit the purchase of or sell certain products. When you make an investment, please do so at your own discretion and risk.
• The market price of investment securities of CRE REIT will be affected by the demand and supply of investors at an exchange and will fluctuate under the influence of the interest rate environment, economic conditions, the real estate market conditions and other factors surrounding the market. Accordingly, the investment securities may possibly not be sold at a higher price than the acquisition price, and investors could suffer a loss as a result.
• The investment securities of CRE REIT need to be purchased and sold through a securities company with which you undertake business. At that time, please read the contents of the document provided before concluding the contract (or a prospectus) carefully.
• While this material contains forward-looking statements and results forecasts, these statements do not guarantee the future results and financial conditions of CRE REIT.
• Unless otherwise noted, in this material, monetary amounts and energy amounts are rounded down to the nearest indicated unit, and areas, numbers of years and ratios are rounded off to the nearest indicated unit. Any average or ratio pertaining to assets is the weighted average based on the acquisition price, unless otherwise noted.

Copyright (C) 2022 CRE Logistics REIT, Inc. All Rights Reserved.

1

1. Acquisition and Sale

LogiSquare Sayama Hidaka

There is a helipad on the roof for firefighters to use in the event of disaster.

2

1. Acquisition and Sale

Additional Acquisition of LogiSquare Sayama Hidaka (20%)

LogiSquare, which is conveniently located about 0.7km from the IC and contributes to tenant BCP measures.

Sayama0.7km

Hidaka IC

Ramp way	Tokyo	Ken-O Expressway	Self-	CASBEE	BELS
	Type
	Metropolitan	consumption	Real Estate
	Multi	Area	Route 407	of solar power	Rank S	★★★★
	• The property is located approximately 0.7 km from the Sayama Hidaka
	Interchange on the Ken-O Expressway, and access to National Route 407 is also
	easy. Surrounded by numerous warehouses, factories and other facilities, the
	property can be operated 24 hours a day.
Property	• The property has warehouse space on floors 1-4 and offices, a cafeteria and so
forth on the fifth floor. Each floor has an area of approximately 18,000 ㎡ and
	there is a rampway enabling heavy trucks to go directly to the second and third
Features	floors, giving the property a total of 120 truck berths across the first, second and

third floors. The facility has a slope exclusively for outgoing vehicles on the second and third floors, contribute to the prevention of congestion and accidents and making maximum use of the site.

• The uppermost fifth floor of the facility features a cafeteria which can seat around 150 people and a retail space, a rooftop terrace with views of Mount Fuji and other shared amenities and there is also free Wi-Fi and BGM broadcasting equipment to help improve the working environment of workers.

Location	12-1 Aza Kubo, Oaza Ashikariba, Hanno-shi,
Saitama
Access	Approximately 0.7 km from Sayama Hidaka IC
(Ken-o Expressway)
Structure	RC/S, 5F, alloy plated steel sheet roof
Total floor area	73,728.44 ㎡
Total leasable area	71,211.10 ㎡	Offices, cafeteria and rental
	3,612 million yen
Acquisition price	meeting rooms established
		on the fifth floor
Appraisal value	3,900 million yen
Appraisal NOI yield	4.3 %
Appraisal NOI yield after	3.3 %
depreciation
Completion date	May 2020
Occupancy rate(1)	91.0 %

1: The master lease agreement between CRE REIT and CRE, which was a fixed rent type master lease agreement, was changed to a partly fixed and partly pass-through type master lease agreement, and the occupancy rate of end tenants is noted.

Copyright (C) 2022 CRE Logistics REIT, Inc. All Rights Reserved.

3

1. Acquisition and Sale

Additional Acquisition of LogiSquare Sayama Hidaka (20%)

Warehouse with four floors and

berths on the first, second and third floors

Incoming and outgoing guidelines are separated

By making the rampway exclusive to incoming vehicles and the slope exclusive to outgoing vehicles, this property is considered to prevent vehicle congestion and accidental contacts in the facility caused by alternating traffic and make full use of the site.

Sandwich panels

Sandwich panels are used on exterior walls to reduce heating and cooling loads and to give the exterior an attractive appearance.

Disaster prevention support system

The facility is also equipped with the TASKis system developed by NOHMI BOSAI LTD., a leading manufacturer of disaster prevention equipment, so that, in the event of a fire, information such as the location of a fire within the facility can be instantly sent to the smartphones of employees, the facility manager and other concerned parties, enabling the facility as a whole to efficiently support the in-house fire brigade in evacuating the facility and putting out the fire.

Disseminate the manual

Training

Take over

When trouble occurs

Helipad

There is a helipad on the roof for firefighters to use in the event of disaster.

Self-consumption of solar power generation

The roof is leased to a solar power generation business operator and the lessee has installed solar panels with a power output of 751.10 KW. Some of the power used by the property is natural energy generated through these solar panels.

Powder corner	Small article	AED
container

Human detecting sensor and water-saving

sanitary equipment

LED lighting in the whole building	Emergency
generators

Copyright (C) 2022 CRE Logistics REIT, Inc. All Rights Reserved.

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