marimo Regional Revitalization REIT, Inc.

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marimo Regional Revitalization REIT, Inc.
Executive Director
Takashi Kitagata

Dear Unitholders,

We hope this message finds you well. We would like to express our sincere gratitude for your continued support.

marimo Regional Revitalization REIT, Inc. (hereinafter, “marimo REIT”) was listed on the Tokyo Stock Exchange Real Estate Investment Trust Market as a diversified REIT with a portfolio of residential, retail, hotel and office properties (hereinafter, “diversified mix of income-producing real estate”) on July 29, 2016. Recently, marimo REIT successfully ended the 6th fiscal period (ended June 2019). This again was thanks to the support of our unitholders for which we are deeply grateful.

marimo REIT, which aims to establish a structure serving to create regional societies where people nationwide can live their unique lifestyles pleasantly while being hopeful for their region’s future and enabling anyone to take part in regional revitalization and enjoy the fruits of such revitalization through marimo REIT, commenced management with the acquisition of a diversified mix of income-producing real estate totaling 17 properties amounting to 16,170 million yen on August 1, 2016.

In the 7th fiscal period, marimo REIT sold “Seven-Eleven Kofu Aioi 1-chome Store (land ownership interests)” in December 2019. In addition, marimo REIT continued to make efforts to enhance NOI at existing properties by installing rooftop mobile phone base stations, raising rent from the previous fiscal period and such. As a result, marimo REIT managed to post operating revenue of 1,129 million yen, operating income of 482 million yen, ordinary income of 398 million yen and net income of 398 million yen for dividends per unit (including dividends in excess of earnings) of 3,504 yen.

In the 8th fiscal period (ending June 2020), marimo REIT conducted its second capital increase through public offering after listing and newly acquired a total of 6 properties (4.95 billion yen) consisting of 3 residences and 3 retail facilities (including land ownership interests) in January 2020. As a result, marimo REIT’s portfolio expanded to 31 properties amounting to 29.955 billion yen.

Setting “strengthen Japan from regional areas” as a basic principle, marimo REIT will continue to strive to build a diversified portfolio, centering on regional areas, oriented toward securing both “relatively high investment yield” and “stable earnings” and steady growth of assets under management and thereby enhance unitholder value over the medium to long term.

We look forward to your continued support and encouragement.

February 2020