Interim report
Page 1
Financial Results (REIT) for the Fiscal Period Ended August 31, 2026 October 20, 2026 REIT Issuer: LaSalle LOGIPORT REIT Stock Exchange Listing: TSE Securities Code: 3466 URL: https://lasalle-logiport.com/english/ Representative: (Title) Executive Director (Name) Taira Jigami Asset Management Company: LaSalle REIT Advisors K.K. Representative: (Title) President and CEO (Name) Taira Jigami Contact: (Title) Head of Finance (Name) Naoki Yamada Telephone +81-3-6778-5400 Scheduled filing date of securities report: November 27, 2026 Scheduled date of distribution payment commencement: November 19, 2026 Supplementary information for financial results: Yes Briefing meeting for financial results: Yes (for institutional investors and analysts) (Amounts are rounded down to the nearest million yen) (1) Management Status (% figures show period-over-period change) Operating revenues Operating income Ordinary income Net income Million yen % Million yen % Million yen % Million yen % Fiscal period ended August 31, 2026 13,210 5.9 7,335 6.1 6,458 7.3 6,457 7.3 Fiscal period ended February 28, 2026 12,471 (5.8) 6,914 (6.9) 6,021 (8.3) 6,020 (8.3) Net income per unit Ratio of net income on unitholders’ equity (ROE) Ratio of ordinary income on total assets (ROA) Ratio of ordinary income on operating revenues Yen % % % Fiscal period ended August 31, 2026 3,719 3.3 1.7 48.9 Fiscal period ended February 28, 2026 3,353 2.9 1.5 48.3 Distributions per unit (excluding those in excess of retained earnings per unit) Total amount of distributions (excluding those in excess of retained earnings) Distributions in excess of retained earnings per unit Total amount of distributions in excess of retained earnings Distributions per unit (including those in excess of retained earnings per unit) Total amount of distributions (including those in excess of retained earnings) Payout ratio Net assets distribution ratio Yen Million yen Yen Million yen Yen Million yen % % Fiscal period ended August 31, 2026 3,892 6,457 148 245 4,040 6,702 100.0 3.3 Fiscal period ended February 28, 2026 3,467 6,021 258 448 3,725 6,469 100.0 2.9 1. Financial Results for the Fiscal Period Ended August 31, 2026(March 1, 2026 to August 31, 2026) (2) Distributions Note 1. Due to the repurchase and cancellation of own investment units, the payout ratio in the fiscal period ended February 28, 2026 and August 31, 2026 was calculated according to the following formula, shown rounded to one decimal place. Payout ratio = total amount of distributions (excluding those in excess of earnings per unit) ÷ net income × 100 Note 2. The net assets distribution ratio was calculated according to the following formula. Distributions per unit (excluding those in excess of retained earnings per unit) / [(net assets per unit at the beginning of the fiscal period + net assets per unit at the end of the fiscal period) ÷ 2] × 100 Note 3. The total amount of distributions in excess of retained earnings was considered to be a refund of investment, which, for tax purposes, falls under a category of distribution as a reduction in unitholders’ capital. Note 4. The rates of reduction in retained earnings due to distributions in excess of retained earnings (a refund of investment categorized as a reduction in distribution from unitholders’ capital for tax purposes) in the fiscal period ended February 28, 2026 and August 31, 2026 were 0.003 and 0.002, respectively. Note that the calculation of the rates of reduction in retained earnings is based on Article 23, Paragraph 1, No. 5 of the Order for Enforcement of the Corporation Tax Act.
Page 2
(3) Financial Position Total assets Net assets Unitholders’ equity ratio Net assets per unit Million yen Million yen % Yen Fiscal period ended August 31, 2026 373,436 191,886 51.4 115,656 Fiscal period ended February 28, 2026 385,306 203,698 52.9 117,283 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at period end Million yen Million yen Million yen Million yen Fiscal period ended August 31, 2026 24,776 (1,743) (18,268) 24,884 Fiscal period ended February 28, 2026 15,266 (2,165) (16,113) 20,119 (% figures show period-over-period change) Operating revenues Operating income Ordinary income Net income Distributions per unit (excluding those in excess of retained earnings per unit) Distributions in excess of retained earnings per unit Distributions per unit (including those in excess of retained earnings per unit) Million yen % Million yen % Million yen % Million yen % Yen Yen Yen Fiscal period ending February 28, 2027 13,187 (0.2) 7,411 1.0 6,361 (1.5) 6,360 (1.5) 4,000 0 4,000 Fiscal period ending August 31, 2027 12,267 (7.0) 6,765 (8.7) 5,582 (12.2) 5,581 (12.2) 3,510 490 4,000 (i) Changes in accounting policies due to revisions to accounting standards and other regulations : None (ii) Changes in accounting policies other than (i) above : None (iii) Changes in accounting estimates : None (iv) Retrospective restatements : None Fiscal period ended August 31, 2026 Fiscal period ended February 28, 2026 (i) Total number of investment units issued and outstanding (including treasury units) at the end of the fiscal period 1,659,112 units 1,736,805 units (ii) Number of treasury units at the end of the fiscal period - units - units (4) Cash Flows 2. Forecasts for the Fiscal Periods Ending February 28, 2027 (September 1, 2026 to February 28, 2027) and August 31, 2027 (March 1, 2027 to August 31, 2027) Reference: Forecasted net income per unit for the period ending February 28, 2027: 3,836 yen; forecasted net income per unit for the period ending August 31, 2027: 3,510 yen * Other (1) Changes in accounting policies, changes in accounting estimates and retrospective restatements (2) Total number of investment units issued and outstanding Note: Please see the “Notes on Per Unit Information” on page 25 for the number of investment units used as the basis for calculating net income per unit. * Presentation of the status of implementation of audit procedures At the time of the release of these financial results for the fiscal period, auditing procedures for financial statements pursuant to the Financial Instruments and Exchange Act have not been completed. * Explanation of appropriate use of the forecast of financial results and other matters of special note The forecasts and other forward-looking statements presented in this material are based on information currently available to LLR and certain assumptions LLR deems to be reasonable. Actual results may differ materially from these forecasts due to a variety of factors. In addition, these forecasts do not guarantee the above distribution amounts. For further details about the assumptions used in the forecasts above, please refer to the “Forecast Assumptions for the Fiscal Periods Ending February 28, 2027 and August 31, 2027” stated on page 6 below. END
Page 3
1. Management Policy and Management Status (1) Management Status ………………………………………………………………………………………………………… 2 (2) Investment Risks …………………………………………………………………………………………………………… 10 2. Financial Statements (1) Balance Sheet ……………………………………………………………………………………………………………… 11 (2) Income Statement… ………………………………………………………………………………………………………… 13 (3) Statement of Unitholders' Equity…………………………………………………………………………………………… 14 (4) Statements related to Distributions ………………………………………………………………………………………… 16 (5) Statements of Cash Flows ………………………………………………………………………………………………… 18 (6) Notes with respect to Going Concern Assumptions ……………………………………………………………………… 19 (7) Notes on Matters concerning Significant Accounting Policies …………………………………………………………… 19 (8) Notes on the Financial Statements ………………………………………………………………………………………… 21 (9) Changes in Number of Investment Units Issued and Outstanding………………………………………………………… 27 3. Reference Information (1) Information on Price of the Managed Assets ……………………………………………………………………………… 30 (2) Capital Expenditures on Portfolio Assets ………………………………………………………………………………… 44 【Table of Contents】 - 1 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 4
Credit Rating Agency Rating Type Rating Rating Outlook JCR (Japan Credit Rating Agency Ltd.) Long-term issuer rating AA Stable Bond Rating (Note) AA - 1. Management Policy and Management Status (1) Management Status (Overview of the Fiscal Period) (i) Significant developments of the investment corporation With LaSalle REIT Advisors K.K. as the organizer, LaSalle LOGIPORT REIT (LLR) was established on October 9, 2015, pursuant to the Investment Trusts Act, and was listed on the J-REIT section of the Tokyo Stock Exchange (Securities Code: 3466) on February 17, 2016. The financial statements for the fiscal period ended August 31, 2026 (21st fiscal period) were recently completed, and the total number of issued and outstanding investment units as of the end of this fiscal period is 1,659,112 units. (ii) Investment Environment and Management Performance During the current fiscal period, Japan’s economy continued on a moderate recovery trend, although some weakness was seen in part, partly due to the situation in the Middle East. Overseas economies have likewise seen some weakness in part, but have grown moderately on the whole. Private consumption has been resilient against the backdrop of improvements in the employment and income situation, although weakness has been seen in household sentiment, and with corporate profits remaining at high levels, business fixed investment has also been on a moderate increasing trend. On the other hand, the outlook is likely to remain uncertain, given factors such as the surge in crude oil prices stemming from the situation in the Middle East and developments in long-term interest rates and foreign exchange rates as the Bank of Japan continues to normalize its monetary policy. Continued attention to the impact on Japan's economy and prices remains warranted. In the leasing market for prime logistics facilities, robust demand continues, while new property supply has been on a marked downward trend amid rising development costs and labor expenses. Even in the KEN-O EXPWY area of the Tokyo metropolitan area, where the effects of oversupply had previously been observed, the supply-demand balance is gradually improving, and vacancy rates are expected to decline moderately going forward. Under these conditions, LLR steadily managed its 19 properties and the portfolio occupancy rate at the end of the fiscal period was as high as at 99.2%. LLR’s portfolio has 170 tenants that are well diversified as of the end of this fiscal period ended August 31, 2026. Even in a market environment where public offerings are not well received, we will continue to consider and implement measures that contribute to increasing unitholder value. (iii) Overview of Procurement of Funds LLR did not undertake any new borrowings or refinancing during the current fiscal period. At the end of the current fiscal period, the balance of interest-bearing debt of LLR was 171,020 million yen and LTV was 45.8%. The status of LLR's credit ratings assigned as of August 31, 2026 was as follows. Note: This was the rating for the 2nd, 3rd, 5th, 6th, 7th and 8th Unsecured Investment Corporation Bonds. (iv) Overview of Business Performance and Distributions The operating period for the current fiscal period was 184 days from March 1, 2026 to August 31, 2026. During current fiscal period, LLR generated operating revenues of 13,210 million yen, operating income of 7,335 million yen, ordinary income of 6,458 million yen, and net income of 6,457 million yen. Furthermore, through application of Article 67, Provision 15(1) of the Act on Special Measures Concerning Taxation (Act No. 26 of 1957, including subsequent amendments), LLR intends to include distributions as deductible expenses and distribute the entire amount of unappropriated retained earnings (excluding fractional distribution amounts of less than one yen per investment unit). As a result, the distribution amount per investment unit is 3,892 yen. In addition to this, in accordance with the distribution policy provided for in LLR's Articles of Incorporation, in principle LLR makes ongoing distributions in excess of retained earnings each fiscal period (“Continuous Distributions in Excess of Retained Earnings”) (Note 1). Furthermore, in addition to the Continuous Distributions in Excess of Retained Earnings, in the case where the amount of DPU is expected to temporarily decrease to a certain extent due to the issuance of new investment units, issuance of investment corporation bonds, capital procurement such as debt financing, large scale repairs due to natural disasters such as earthquakes or accidents such as fires, or payments of monies as litigation settlement, or capital losses on the sale of real estate assets, or other reasons, the Investment Corporation may make temporary Distribution for Capital Reduction in an amount determined by it only for the purpose of smoothing out the amount of DPU or of - 2 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 5
unitholder return (“Temporary Distributions in Excess of Retained Earnings”). LLR has recorded or plans to record gain on sale of real estate properties from property sales over the four fiscal periods from the fiscal period ended August 2026 to the fiscal period ending February 2028. Because the amount of gain on sale of real estate properties recorded in each fiscal period differs, distributions are expected to vary from period to period. LLR has therefore decided to return the gain on sale of real estate properties to unitholders while leveling out distributions per unit over these four fiscal periods. As a result, LLR will make a continuous distribution in excess of retained earnings of 245 million yen, calculated as an amount approximately equal to 17% of 1,446 million yen, which is the amount equivalent to the depreciation expense recorded for the current fiscal period. Consequently, the distribution in excess of retained earnings per unit for the current fiscal period is 148 yen (Note 3). Note 1. LLR's policy is to make distributions in excess of retained earnings each fiscal period after careful consideration is given to economic environment, trends in the real estate and rental markets, the amount of capital expenditure required to maintain and improve the competitiveness of the assets held, the level of profit and loss for the period, the amount of cash distributions, as well as its financial position. Note 2. The amount of distributions which are the sum of the Continuous Distribution in Excess of Retained Earnings and the Temporary Distributions in Excess of Retained Earnings when Temporary Distributions in Excess of Retained Earnings are made are limited to 60% of the amount resulting from deducting the total amount of the accumulated depreciation recorded as of the last day of the previous fiscal period from the total amount of accumulated depreciation calculated as of the last day of the relevant calculation period. Note 3. The engineering report for each property prepared by building condition surveyors’ estimates that the amount of anticipated semi-annual average of emergency or short-term repair and maintenance expenses and medium- to long- term repair and maintenance expenses is 341 million yen. LLR determines to make distributions in excess of retained earnings, they are within the scope that will maintain the value of the assets held by LLR and its financial soundness, with taking into account the current economic environment, trends in the real estate and rental markets, as well as its financial position. Please note that the amount of distributions in excess of retained earnings will be deducted from the balance of LLR's unitholders’ equity upon payment. (Outlook for the Future) (i) Future Management Policy and Issues to Address In this environment, LLR will seek to enhance unitholder value through stable long-term growth in cash flows and asset values by engaging in the following activities. With respect to its external growth strategy, LLR will make the most of the property information provided by the LaSalle Group (Note 1) as well as LaSalle REIT Advisors’ unique capabilities in obtaining property information. Under its sponsor support agreement, LLR is able to receive information about the sale of properties owned by LaSalle Fund (Note 2), and because of this enjoys diverse sourcing routes that tap into both sourcing from the LaSalle Fund and sourcing from third parties. With respect to its internal growth strategy, LLR will aim to realize internal growth by leveraging its active asset management (Note 3) expertise that is a hallmark of the LaSalle Group, thanks in part to the personnel that will be provided to it and the information made available under the sponsor support agreement. LLR's portfolio is characterized by a highly stable cash flow attributed to a diversified tenant base, in addition to its staggered lease renewal dates, due to the terms of its lease agreements. When renewal dates are nearing, LLR will work to revise lease rates up after carefully reviewing market lease rates and vacancy rates. In addition, given the current uncertain outlook, LLR will work to stabilize rent income by actively renewing contracts that will come due in the future ahead of schedule. LLR will also endeavor to maintain and strengthen the competitiveness of its properties by making appropriate repairs and capital expenditures. With respect to financial strategy, LLR will strive to build an optimized capital structure with a sound financial foundation by taking advantage of its strong financial position in order to achieve a balance between stability in its finances and funding costs, while diversifying how it procures its funding sources, along with staggering debt maturities, while also considering the use of variable interest rates. Note 1. “LaSalle Group” refers to the group of companies that provides real estate investment management services to mainly institutional investors in the United States, Europe and the Asia-Pacific region, centered on LaSalle Investment Management Inc., which is one of the world's leading real estate investment advisory firms. Note 2. “LaSalle Fund” refers to a fund formed and operated by the LaSalle Group. Note 3. “Active asset management” is a generic term for management techniques aimed at increasing cash flow by identifying opportunities to create added value of properties held by carefully examining macro factors such as market lease rates and vacancy rates as well as the micro factors of each property, such as tenant lease terms and building management conditions. - 3 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 6
Area Property number Asset name Location Disposition price (million yen) Disposition date Buyer Tokyo area Tokyo-11 LOGIPORT Kashiwa Shonan Kashiwa-city, Chiba 11,020 Dec. 18, 2026 Undisclosed Other area Other-3 Inuyama Logistics Center Inuyama-city, Aichi 18,570 Sep. 30, 2026 Osaka area Osaka-1 LOGIPORT Sakai Minamijimacho Sakai-city, Osaka May 31, 2027 Osaka area Osaka-2 LOGIPORT Sakai Chikko Shinmachi Sakai-city, Osaka Sep. 30, 2027 Total number of investment units to be repurchased ：71,500 units (maximum) Total amount of investment units to be repurchased ：10,000 million yen (maximum) Repurchase method ：Open market repurchases on the Tokyo Stock Exchange based on a discretionary transaction agreement with a securities company for the repurchase of own investment units Repurchase period ：From September 24, 2026 to September 22, 2027 (ii) Significant Subsequent Events Execution of a sale and purchase agreement for the disposition of asset (real estate trust beneficiary interests) On September 18, 2026, LLR executed a sale and purchase agreement for the disposition of the four assets listed below, and disposed of Inuyama Logistics Center, one of the four assets, on September 30, 2026. Except for Inuyama Logistics Center, LLR treats the sale and purchase agreement for the disposition of the assets as a forward commitment, etc. In addition, the intended disposition date is subject to change as agreed upon between LLR and the buyer in accordance with the trust beneficiary interests sale and purchase agreement. Note. The disposition of “Inuyama Logistics Center,” “LOGIPORT Sakai Minamijimacho,” and “LOGIPORT Sakai Chikko Shinmachi” is intended to be carried out as a single, integrated transaction under a single purchase and sale agreement for trust beneficiary interests to be concluded with the same transferee. In light of this background, and because the consent of the transferee to disclosure has not been obtained, the disposition price of each individual property is not disclosed, and the aggregate amount is presented instead. [Reference Information] Decision on repurchase and cancellation of own investment units On September 18, 2026, LLR decided the following repurchase of own investment units based on the provisions of Article 80-2 of the Act on the Investment Trusts Act, which is applied by replacing the terms and phrases pursuant to the provisions of Article 80-5, Paragraph 2 of the said Act. And LLR also decided on cancellation of the repurchased investment units based on the provisions of Article 80, Paragraph 2 and 4 of the Investment Trust Act. Repurchase of own investment units Note. The repurchase period excludes the five-business-day period ending on (and including) February 28, 2027 and August 31, 2027, which are the last days of the respective fiscal periods. Cancellation of own investment units LLR decided to cancel all of the own investment units it holds on February 26, 2027, having repurchased them during the February 2027 (22nd fiscal period) based on the decision above dated September 18, 2026. - 4 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 7
Operating revenues Operating income Ordinary income Net Income Distributions per unit (excluding those in excess of retained earnings per unit) Distributions in excess of retained earnings per unit Distributions per unit (including those in excess of retained earnings per unit) Million yen Million yen Million yen Million yen Yen Yen Yen Fiscal period ending February 28, 2027 13,187 7,411 6,361 6,360 4,000 0 4,000 Fiscal period ending August 31, 2027 12,267 6,765 5,582 5,581 3,510 490 4,000 (iii) Forecast of Financial Results The outlook for LLR's financial results for the fiscal period ending February 28, 2027 and the period ending August 31, 2027 are presented below. For the assumptions used in this outlook, please refer to the “Forecast Assumptions for the Fiscal Periods Ending February 28, 2027 and August 31, 2027” below. Note. The figures above represent LLR's outlook at present and were calculated based on certain assumptions. The actual operating revenues, operating income, ordinary income, net income, distributions per unit (excluding distributions in excess of retained earnings per unit), and distributions in excess of retained earnings per unit may differ due to the future acquisition or disposition of real estate, conditions in the real estate market, fluctuations in interest rates, or other circumstances surrounding LLR. In addition, this forecast does not guarantee the above distribution amounts. - 5 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 8
Item Assumptions Calculation period ・ Fiscal period ending February 28, 2027: September 1, 2026 to February 28, 2027 (181 days) ・ Fiscal period ending August 31, 2027: March 1, 2027 to August 31, 2027 (184 days) Property portfolio LOGIPORT Kashiwa Shonan December 18, 2026 LOGIPORT Sakai Minamijimacho May 31, 2027 ・ The prevailing assumption is that the real estate trust beneficiary interests (18 assets in total) and preferred shares (4 assets) and equity in investment in a silent partnership (3 assets) are currently held by LLR (collectively, the “Currently Held Assets”). The following real estate trust beneficiary interests are to be acquired and disposed. Acquisition of assets (investment securities) HK Properties TMK Preferred shares 3rd acquisition: October to November 2026 4th acquisition: December 2026 to March 2027 Maya Development TMK Preferred shares 2nd acquisition: August to October 2027 Disposition of assets (real estate trust beneficiary interests) ・ The prevailing assumption is that asides from the aforementioned acquisition and disposition, no other changes (including acquisition of new property or disposition of properties held by LLR) would occur by the end of the fiscal period ending August 31, 2027. ・ There is a possibility for further changes should LLR decide to acquire additional assets in addition to the Anticipated Acquisition Asset or dispose of properties held by LLR. Operating revenue ・ Leasing rental revenue is calculated based on the lease contracts of the Currently Held Assets in effect as of today, and market trends, etc. ・ Dividends for the Currently Held Assets (preferred shares and equity in investment in a silent partnership) and acquiring assets (preferred shares) are calculated based on the estimated occupancy rate of the collateral assets and estimated expense for the GK/TMK. ・ For the assets to be sold, gain on disposal (defined as the intended transfer price less the book value as of the intended date of transfer and less any other projected transaction costs) is estimated to be 2,288 million yen (including the gain on disposal of Inuyama Logistics Center, which was completed on September 30, 2026) and 1,822 million yen for the fiscal period ending February 28, 2027 and August 31,2027, respectively, although the actual number is subject to change. ・ The average occupancy rate of all properties is expected to be 98.9% in the fiscal period ending February 28, 2027 and 98.3% in the fiscal period ending August 31, 2027. ・ With respect to operating revenues, there is an underlying assumption that tenants will fully pay their contractual rents without delinquency. Operating expenses ・ Leasing-related expenses, other than depreciation expenses based on the actual historical figures of the Currently Held Assets and relevant agreements in effect as of today. ・ Depreciation expense, including ancillary costs, was calculated using a straight-line depreciation method, and LLR assumed depreciation expense to be 1,410 million yen and 1,374 million yen for the fiscal periods ending February 28, 2027 and August 31, 2027, respectively. ・ Property taxes, city planning tax and depreciable asset tax (collectively, the “property taxes”) are expected to be 986 million yen and 956 million yen for the fiscal period ending February 28, 2027 and August 31, 2027, respectively. ・ Repair and maintenance expenses are calculated based on a repair and maintenance plan prepared by the Asset Management Company. Such expenses are estimated to be 208 million yen and 229 million yen for the fiscal period ending February 28, 2027 and August 31, 2027, respectively. Actual repair and maintenance expenses may be significantly different from the expected amount due to various factors around certain unexpected repairs, the tendency for significant variations in the amount depending on each fiscal period, and the fact that repair expenses do not generally arise on a periodic basis. Forecast Assumptions for the Fiscal Periods Ending February 28, 2027 and August 31, 2027 - 6 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 9
Item Assumptions Non-operating expenses ・ Interest expenses and other debt-related costs (including interest expenses on investment corporation bonds, amortization of investment corporation bonds and borrowing related expenses) are expected to be 992 million yen and 1,182 million yen for the fiscal periods ending February 28, 2027 and August 31, 2027, respectively. Loans payable ・ As of August 31, 2026, the balance of interest-bearing debts of LLR was 171,020 million yen. ・ It is assumed that all borrowings or investment corporation bonds that are due by the end of the fiscal period ending August 31, 2027 will be refinanced. ・ The LTV ratio as of the end of each fiscal period ending February 28, 2027 and August 31, 2027 is assumed to be approximately 47.2% and 47.4%, respectively (rounded to one decimal place). ・ The LTV ratio is calculated by the following formula: ・ LTV = total interest-bearing debt ÷ total assets × 100 Investment units ・ Current outstanding number of units is 1,659,112. The outstanding number of investment units repurchased and cancelled under certain conditions, as previously announced, is assumed to be 1,590,146 units as of February 28, 2027 and August 31, 2027, respectively. ・ Other than the above, LLR assumed that there would be no changes to the number of outstanding units by the end of the fiscal period ending August 31, 2027. Distributions per unit (excluding those in excess of retained earnings per unit) ・ Distributions per unit (excluding distributions in excess of retained earnings per unit) are calculated on the premise that all profits will be distributed in accordance with the distribution policy provided in LLR's Articles of Incorporation. ・ Distributions per unit (excluding distributions in excess of retained earnings per unit) may change due to factors such as additional acquisitions or dispositions of real estate properties, changes in rental revenues attributable to tenant replacements, changes in the operating environment including unexpected repairs, changes in interest rates, the actual number of new investment units to be issued, the issue price of such investment units and any additional issuance of new investment units in the future. - 7 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 10
Item Assumptions Distributions in excess of retained earnings per unit ・ Distributions in excess of retained earnings per unit are calculated in accordance with the policy set forth in the Articles of Incorporation of LLR and internal policies of the asset manager. The level of continuous distributions in excess of retained earnings is approximately 30% of the depreciation expected to be incurred during the relevant fiscal period. For the four fiscal periods from the fiscal period ended August 2026 to the fiscal period ending February 2028, gain on disposal of real estate, etc. has been recorded or is expected to be recorded due to property sales, which will cause distributions per unit to fluctuate. Accordingly, LLR plans to make distributions in excess of retained earnings with the aim of leveling out distributions per unit over these four fiscal periods. The forecast assumes that no continuous distributions in excess of retained earnings will be made for the fiscal period ending February 2027, and that 779 million yen will be distributed for the fiscal period ending August 2027 as the total of continuous and temporary distributions in excess of retained earnings. ・ Depreciation expenses may vary from the current assumed amount due to a change in portfolio assets, the amount of incidental expenses incurred, the amount of capital expenditures, and the pro- rata allocation of acquisition costs attributed to each asset and their respective useful life adopted for each asset. The total amount of distributions in excess of retained earnings, which will be based on depreciation expenses, may also vary accordingly. ・ LLR expects for the time being to make distributions in excess of retained earnings on a regular basis within an appropriate level for maintaining financial soundness and stability, after consideration is given to alternative uses of cash such as execution of repair plans, capital expenditures, repayment of debts along with potential property acquisitions, and will make such distributions equal to 30% of the amount resulting from deducting the total amount of accumulated depreciation recorded as of the last day of the previous fiscal period from the amount of accumulated depreciation calculated as of the last day of the relevant fiscal period. This amount will be decided by LLR taking into consideration the level of net income, gains or losses on sales of real estate, etc., the level of cancellation fees or penalties, the level of temporary revenues, the level of distributions including distributions in excess of retained earnings, and the financial condition of LLR (especially the Appraisal LTV set forth below) in the relevant calculation period. Furthermore, to maintain the stability of LLR’s distributions per unit in the event that an amount of distributions per unit temporarily decreases due to a series of financing actions such as the issuance of new investment units (including investment unit third-party allotment) or large scale repair and maintenance, which may result in a temporary dilution of investment units or incurrence of large expenses, or for purpose of unitholder return, LLR may make distributions as temporary distributions in excess of retained earnings in addition to continuous distributions in excess of retained earnings. In addition, unexpected factors, such as increases in repair expenses, may cause distributions in excess of retained earnings per unit to materially differ from the forecasted amount. If the Appraisal LTV (set forth below) exceeds 60%, LLR may decide to make reduced distributions or not to make any distributions in excess of retained earnings after considering the above-listed factors. ・ LLR does not plan to make distributions in excess of retained earnings to the extent doing so would cause what LLR calls its “Appraisal LTV,” as calculated below, to exceed 60%: Appraisal LTV (%) = A/B × 100 A = interest-bearing debt (inclusive of long-term corporate bonds and short-term corporate bonds but excluding subordinated debt) + tenant leasehold deposits (excluding the amount reserved by the trustees of LLR's properties as tenant leasehold deposits and the amount reserved as tenant leasehold deposits in LLR's relevant reserve account (this account is for the refund obligation which LLR has as the lessor to various tenants)). B = total appraised real estate value of LLR's portfolio + the amount of cash deposits in LLR's bank accounts (excluding reserve accounts for tenant leasehold deposits) + cash and deposits in trust (excluding the amount reserved by the trustees of our properties as tenant leasehold deposits) – the total amount of distributions for the immediately prior fiscal period – the total amount of distributions in excess of retained earnings for the immediately prior fiscal period. In addition, the total amount of distributions and distributions in excess of retained earnings (with respect to the return of capital invested) depends upon the figures for the most recent fiscal period. - 8 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 11
Item Assumptions Other ・ As an underlying premise, LLR assumes that any revision that will have an impact on the forecast information above will be made in accordance with applicable laws and regulations (including tax laws), accounting standards, listing rules of the TSE and the standards set by the Investment Management Association of Japan. ・ As an underlying premise, LLR assumes that there are no unexpected material changes to general economic trends and real estate market conditions. - 9 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 12
(2) Investment Risks Disclosure of this information is omitted because there are no material changes in the “Investment Risks” described in the most recent Securities Report (filed on May 28, 2026). - 10 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 13
Thousands of yen As of February 28, 2026 August 31, 2026 Assets Current assets Cash and deposits 14,838,540 19,058,144 Cash and deposits in trust 7,513,424 7,955,162 Operating accounts receivable 539,708 555,181 Prepaid expenses 292,600 251,940 Income taxes refund receivable 43,556 53,106 Other 52,740 56,025 Total current assets 23,280,570 27,929,561 Non-current assets Property, plant and equipment Buildings in trust 135,054,948 129,093,774 Accumulated depreciation (20,364,264) (21,231,097) Buildings in trust, net 114,690,683 107,862,677 Structures in trust 194,364 195,477 Accumulated depreciation (72,717) (80,203) Structures in trust, net 121,647 115,273 Machinery and equipment in trust 214,383 214,383 Accumulated depreciation (49,974) (54,448) Machinery and equipment in trust, net 164,408 159,934 Tools, furniture and fixtures in trust 50,999 51,965 Accumulated depreciation (15,228) (18,020) Tools, furniture and fixtures in trust, net 35,770 33,945 Land in trust 235,269,663 225,042,061 Total property, plant and equipment 350,282,173 333,213,893 Investments and other assets Investment securities 11,147,792 11,806,435 Long-term prepaid expenses 547,578 444,119 Deferred tax assets - 25 Lease and guarantee deposits 10,000 10,000 Lease and guarantee deposits in trust 10,137 10,137 Total investments and other assets 11,715,509 12,270,717 Total non-current assets 361,997,683 345,484,611 Deferred assets Investment unit issuance expenses 1,134 - Investment corporation bond issuance costs 27,217 22,445 Total deferred assets 28,351 22,445 Total assets 385,306,605 373,436,618 2. Financial Statements (1) Balance Sheet - 11 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 14
Thousands of yen As of February 28, 2026 August 31, 2026 Liabilities Current liabilities Operating accounts payable 230,865 351,773 Current portion of investment corporation bonds payable 2,000,000 5,500,000 Current portion of long-term loans payable 10,800,000 18,700,000 Accounts payable 2,439,726 2,294,002 Accrued expenses 16,257 6,233 Income taxes payable 605 757 Accrued consumption taxes 396,437 680,684 Advances received 1,919,027 1,868,564 Current portion of tenant leasehold and security deposits in trust 570,326 797,672 Other 4,899 5,358 Total current liabilities 18,378,145 30,205,047 Non-current liabilities Investment corporation bonds payable 11,500,000 8,000,000 Long-term loans payable 146,720,000 138,820,000 Tenant leasehold and security deposits in trust 5,010,202 4,525,105 Total non-current liabilities 163,230,202 151,345,105 Total liabilities 181,608,347 181,550,152 Net assets Unitholders' equity Unitholders' capital 223,876,689 223,876,689 Deduction from unitholders' capital (*3) (26,200,371) (*3) (38,448,387) Unitholders' capital, net 197,676,317 185,428,301 Surplus Unappropriated retained earnings (undisposed loss) 6,021,940 6,458,164 Total surplus 6,021,940 6,458,164 Total unitholders' equity 203,698,257 191,886,465 Total net assets (*2) 203,698,257 (*2) 191,886,465 Total liabilities and net assets 385,306,605 373,436,618 Balance Sheet, continued - 12 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 15
Thousands of yen For the periods ended February 28, 2026 August 31, 2026 Operating revenues Rental revenues (*1) 10,384,455 (*1) 9,935,527 Other rental revenues (*1) 833,213 (*1) 837,441 Gain on sales of real estate properties (*2) 1,020,314 (*2) 2,143,868 Dividend income 5,139 75,998 Distributions of investments in silent partnerships 127,157 100,166 Interest income 100,833 117,584 Total operating revenue 12,471,114 13,210,585 Operating expenses Property-related expenses (*1) 3,723,552 (*1) 3,748,768 Loss on sales of real estate properties - (*3) 88,365 Asset management fee 1,646,134 1,837,350 Asset custody and administrative fee 46,743 43,960 Directors' compensations 5,400 5,400 Audit fee 14,000 14,000 Other operating expenses 120,826 136,901 Total operating expenses 5,556,657 5,874,747 Operating profit 6,914,457 7,335,838 Non-operating income Interest income 25,284 57,034 Reversal of distributions payable 357 359 Interest on tax refund 17 24 Other 983 - Total non-operating income 26,643 57,419 Non-operating expenses Interest expenses 665,002 750,035 Interest expenses on investment corporation bonds 38,646 39,903 Amortization of investment unit issuance expenses 1,701 1,134 Amortization of investment corporation bond issuance costs 4,772 4,772 Borrowing related expenses 157,465 126,322 Loss on redemption of investment securities 44,845 2,829 Other 7,273 9,439 Total non-operating expenses 919,707 934,437 Ordinary income 6,021,393 6,458,820 Income before income taxes 6,021,393 6,458,820 Income taxes - current 605 1,118 Income taxes - deferred 15 (25) Total income taxes 620 1,093 Net income 6,020,772 6,457,727 Retained earnings brought forward 1,167 437 Unappropriated retained earnings (undisposed loss) 6,021,940 6,458,164 (2) Income Statement - 13 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 16
Thousands of yen Unitholders' equity Unitholders' capital Surplus Unitholders' capital Deduction from unitholders' capital Unitholders' capital Unappropriated retained earnings (undisposed loss) Total surplus Balance at beginning of current period 223,876,689 (16,653,783) 207,222,905 6,568,357 6,568,357 Changes of items during period Distributions in excess of retained earnings (454,333) (454,333) Dividends of retained earnings (6,567,189) (6,567,189) Net income 6,020,772 6,020,772 Purchase of treasury investment units Cancellation of investment units (9,092,253) (9,092,253) Total changes of items during period - (9,546,587) (9,546,587) (546,416) (546,416) Balance at end of current period (*1) 223,876,689 (26,200,371) 197,676,317 6,021,940 6,021,940 Thousands of yen Unitholders' equity Total net assets Treasury investment units Total unitholders' equity Balance at beginning of current period - 213,791,262 213,791,262 Changes of items during period Distributions in excess of retained earnings (454,333) (454,333) Dividends of retained earnings (6,567,189) (6,567,189) Net income 6,020,772 6,020,772 Purchase of treasury investment units (9,092,253) (9,092,253) (9,092,253) Cancellation of investment units 9,092,253 - - Total changes of items during period - (10,093,004) (10,093,004) Balance at end of current period - 203,698,257 203,698,257 (3) Statement of Unitholders' Equity Previous period (For the period ended February 28, 2026) - 14 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 17
Thousands of yen Unitholders' equity Unitholders' capital Surplus Unitholders' capital Deduction from unitholders' capital Unitholders' capital Unappropriated retained earnings (undisposed loss) Total surplus Balance at beginning of current period 223,876,689 (26,200,371) 197,676,317 6,021,940 6,021,940 Changes of items during period Distributions in excess of retained earnings (448,095) (448,095) Dividends of retained earnings (6,021,502) (6,021,502) Net income 6,457,727 6,457,727 Purchase of treasury investment units Cancellation of investment units (11,799,920) (11,799,920) Total changes of items during period - (12,248,016) (12,248,016) 436,224 436,224 Balance at end of current period (*1) 223,876,689 (38,448,387) 185,428,301 6,458,164 6,458,164 Thousands of yen Unitholders' equity Total net assets Treasury investment units Total unitholders' equity Balance at beginning of current period - 203,698,257 203,698,257 Changes of items during period Distributions in excess of retained earnings (448,095) (448,095) Dividends of retained earnings (6,021,502) (6,021,502) Net income 6,457,727 6,457,727 Purchase of treasury investment units (11,799,920) (11,799,920) (11,799,920) Cancellation of investment units 11,799,920 - - Total changes of items during period - (11,811,791) (11,811,791) Balance at end of current period - 191,886,465 191,886,465 Current period (For the period ended August 31, 2026) - 15 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 18
Yen For the periods ended February 28, 2026 August 31, 2026 I Unappropriated retained earnings for the period 6,021,940,386 6,458,164,908 II Additional amount of distributions in excess of retained earnings Deduction for unitholders' capital 448,095,690 245,548,576 III Amount of distributions 6,469,598,625 6,702,812,480 (amount of distributions per investment unit) (3,725) (4,040) Of which, distributions of retained earnings 6,021,502,935 6,457,263,904 (of which, distributions of retained earnings per unit) (3,467) (3,892) Of which, distributions in excess of retained earnings 448,095,690 245,548,576 (of which, distributions in excess of retained earnings per unit) (258) (148) IV Retained earnings brought forward 437,451 901,004 Method of calculation of amount of distributions Based on the policy for distributions of funds prescribed in Article 36, Paragraph 1 of LLR's Articles of Incorporation, the amount of distributions is to be an amount in excess of an amount equivalent to 90% of the amount of LLR retained earnings that can be allocated as stipulated in Article 67, Provision 15 of the Act on Special Measures Concerning Taxation. Based on this policy, 6,021,502,935 yen was allocated as distributions of retained earnings. This is the maximum value of the integral multiple of the total number of units of the investment units issued and outstanding at end of the period in an amount that is not in excess of unappropriated retained earnings. Based on the policy for distributions of funds prescribed in Article 36, Paragraph 2 of LLR's Articles of Incorporation, LLR performs distributions of funds in excess of retained earnings (refund of investment categorized as a reduction in distribution from unitholders’ capital for tax purposes) on a regular basis. Based on the policy for distributions of funds prescribed in Article 36, Paragraph 1 of LLR's Articles of Incorporation, the amount of distributions is to be an amount in excess of an amount equivalent to 90% of the amount of LLR retained earnings that can be allocated as stipulated in Article 67, Provision 15 of the Act on Special Measures Concerning Taxation. Based on this policy, 6,457,263,904 yen was allocated as distributions of retained earnings. This is the maximum value of the integral multiple of the total number of units of the investment units issued and outstanding at end of the period in an amount that is not in excess of unappropriated retained earnings. Based on the policy for distributions of funds prescribed in Article 36, Paragraph 2 of LLR's Articles of Incorporation, LLR performs distributions of funds in excess of retained earnings (refund of investment categorized as a reduction in distribution from unitholders’ capital for tax purposes) on a regular basis. (4) Statements related to Distributions - 16 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 19
Yen For the periods ended February 28, 2026 August 31, 2026 Based on this policy, the amount roughly equivalent to 30% of the 1,494,426,379 yen that is the amount of depreciation to be recorded for this fiscal period was calculated to be 448,095,690 yen, and was allocated as distributions of earnings in excess of retained earnings (amount of contributions refunded that under tax law is equivalent to a capital refund distribution). In light of this policy, taking into account the uneven amount of gain on sale of real estate properties expected to be recorded over the four fiscal periods from the fiscal period ended August 2026 through the fiscal period ending February 2028, LLR has decided to return such gains to unitholders while leveling out the amount of distributions per unit across these four fiscal periods. Based on this policy, the amount roughly equivalent to 17% of the 1,446,841,190 yen that is the amount of depreciation to be recorded for this fiscal period was calculated to be 245,548,576 yen, and was allocated as distributions of earnings in excess of retained earnings (amount of contributions refunded that under tax law is equivalent to a capital refund distribution). Note: In the event that LLR determines that it is appropriate based on the economic environment, trends in the real estate and rental markets, the status of assets held, as well as its financial situation, LLR may distribute funds in excess of funds available for distribution in an amount decided by LLR up to the amount stipulated under the regulations of the Investment Management Association of Japan. Furthermore, when the amount of the distribution does not fulfill the requirements in the special provisions for taxes related to investment corporations stipulated in laws and ordinances, LLR may distribute funds in excess of the funds available for distribution in an amount decided upon by LLR for the purpose of meeting said requirements. - 17 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 20
Thousands of yen For the periods ended February 28, 2026 August 31, 2026 Cash flows from operating activities Income before income taxes 6,021,393 6,458,820 Depreciation 1,494,426 1,446,841 Amortization of investment unit issuance expenses 1,701 1,134 Amortization of investment corporation bond issuance costs 4,772 4,772 Interest income (25,284) (57,034) Interest expenses 703,649 789,939 Loss (gain) on redemption of investment securities 44,845 2,829 Decrease (increase) in operating accounts receivable (11,473) (7,232) Decrease (increase) in income taxes receivable 4,521 (9,549) Decrease (increase) in prepaid expenses (17,632) 40,659 Decrease (increase) in long-term prepaid expenses 33,729 103,459 Increase (decrease) in operating accounts payable (62,324) 120,908 Increase (decrease) in accounts payable - other (172,306) 202,369 Increase (decrease) in accrued consumption taxes (93,102) 284,246 Increase (decrease) in advances received (54,811) (50,463) Decrease in property, plant and equipment in trust due to sale 8,088,712 16,200,349 Other, net (17,789) 3,859 Subtotal 15,943,027 25,535,909 Interest income received 25,284 41,328 Interest expenses paid (700,904) (799,962) Income taxes paid (701) (965) Net cash provided by (used in) operating activities 15,266,705 24,776,308 Cash flows from investing activities Purchase of property, plant and equipment in trust (396,895) (915,396) Purchase of investment securities (5,129,808) (1,485,523) Proceeds from redemption of investment securities 3,413,142 812,443 Proceeds from tenant leasehold and security deposits in trust 65,216 43,415 Repayments of tenant leasehold and security deposits in trust (117,158) (198,065) Net cash provided by (used in) investing activities (2,165,504) (1,743,127) Cash flows from financing activities Proceeds from long-term loans payable 17,580,000 - Repayments of long-term loans payable (17,580,000) - Purchase of treasury investment units (9,092,253) (11,799,920) Payment of distributions of retained earnings (6,566,739) (6,020,786) Payment of distributions in excess of retained earnings (454,335) (448,032) Net cash provided by (used in) financing activities (16,113,328) (18,268,739) Net increase (decrease) in cash and cash equivalents (3,012,127) 4,764,442 Cash and cash equivalents at beginning of period 23,131,881 20,119,753 Cash and cash equivalents at end of period (*1) 20,119,753 (*1) 24,884,195 (5) Statements of Cash Flows - 18 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 21
(6) Notes with respect to Going Concern Assumptions None Buildings 2-79 years Structures 10-45 years Machinery and equipment 8-24 years Tools, furniture and fixtures 4-15 years (7) Notes on Matters concerning Significant Accounting Policies 1. Valuation standard and valuation method for investment securities Available-for-sale securities Shares without market price The moving average cost method is adopted. Equity in investment in a silent partnership The method in which the amount equivalent to the equity in investment in a silent partnership is taken in as a net amount is adopted. Securities other than shares without market price and equity in investment in a silent partnership Market value method (unrealized gains or losses are reported as a separate component of net assets, and the cost of securities sold is determined by the moving-average method). 2. Method of depreciation of non-current assets Property, plant and equipment (including trust assets) A straight-line method is used. The useful lives of principal property, plant and equipment are as follows: 3. Accounting treatment for deferred assets (i) Issuance costs for corporate bonds Amortized using the straight-line method over the period until redemption. (ii) Investment unit issuance expenses Amortized over a period of three years. 4. Standards for revenue and expense recognition (i) Standards for recording revenue The details of main performance obligations concerning revenue generated from contracts between LLR and its customers and the ordinary time to satisfy performance obligations (ordinary time to recognize revenue) are as follows. (a) Sale of real estate property LLR recognizes revenue from the sale of real estate property when the purchaser, as the customer, obtains control of the real estate property. Note that LLR discloses “Gain on sales of real estate properties” or “Loss on sales of real estate properties” based on “Sales proceed” excluding “Book value of properties sold” and “Other sales expenses” on Income Statement. (b) Utilities charge reimbursement LLR supplies utilities services such as the electricity, water, etc. to the lessee as the customer and recognizes those income based on contracts with the customers. (ii) Treatment of fixed asset taxes With respect to fixed asset taxes, city planning taxes, and depreciable asset taxes associated with the real estate or beneficiary interests in trusts holding real estate as trust assets held by LLR, the amount of taxes levied corresponding to the relevant accounting period are treated as expenses for property-related expenses. The amount equivalent to the first year’s fixed asset tax that is borne by LLR in association with the acquisition of real estate or beneficiary interests in trusts holding real estate, as trust assets are not recognized as an expense; rather, they are included in the acquisition cost of the relevant real estate. The amount of fixed asset taxes, etc. included in the acquisition costs of real estate, etc. was not applicable in the previous and current fiscal period. - 19 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 22
5. Hedge accounting method (i) Method of hedge accounting LLR uses deferral hedge accounting. However, special treatment was applied to those interest rate swaps that satisfy the requirements for special accounting treatment. (ii) Hedging instruments and hedged items Hedging instruments: interest rate swap transactions Hedged items: interest on loans (iii) Hedging policy Based on the market risk management policy, LLR engages in derivative transactions for the purpose of hedging risk stipulated in the Investment Corporation Articles of Incorporation. (iv) Method of assessing hedge effectiveness Assessment of hedge effectiveness was omitted since interest rate swaps satisfy the requirements for special treatment. 6. Scope of funds in the statements of cash flows The funds in the statements of cash flows (cash and cash equivalents) comprise cash on hand and cash in trusts, bank deposits and trust deposits available for withdrawal on demand, and short-term investments due within three months of the acquisition date, which are readily convertible to cash and bear only an insignificant risk of price fluctuations. 7. Other matters which constitute the basis for preparation of financial statements (i) Accounting treatment for beneficiary interests in trusts that have real estate as assets in trust With respect to trust beneficiary interests held by LLR, where the underlying assets are entrusted real estate, all asset and liability accounts within the trust assets as well as all revenue and expense accounts arising from the trust assets are recognized in the relevant accounts of the balance sheet and statements of income. The following material items of the assets in trust recognized in the relevant account items are listed separately on the balance sheet. (a) Cash in trust and deposits in trust (b) Buildings in trust, structures in trust, machinery and equipment in trust, tools, furniture and fixtures in trust, land in trust, construction in progress in trust (c) Lease and guarantee deposits in trust (d) Current portion of tenant leasehold and security deposits in trust, Tenant leasehold and security deposits in trust (ii) Treatment of nondeductible portion of consumption taxes The nondeductible portion of consumption taxes imposed in connection with assets was charged to expense in the period incurred. - 20 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 23
Thousands of yen As of February 28, 2026 August 31, 2026 Total amount of committed line of credit 4,000,000 4,000,000 Borrowings drawn down - - Balance of unused committed line of credit 4,000,000 4,000,000 Thousands of yen As of February 28, 2026 August 31, 2026 50,000 50,000 As of February 28, 2026 August 31, 2026 Total units of cancellation 131,195 units 208,888 units Total amount of cancellation 19,290,870 thousand yen 31,090,791 thousand yen (8) Notes on the Financial Statements [Notes on Balance Sheet] 1. Commitment line agreement LLR is in the contract of commitment line agreement with two banks. * 2. Minimum net assets as required by Article 67, Paragraph 4 of the Act on Investment Trusts and Investment Corporations * 3. Status on cancellation of treasury investment unit Thousands of yen For the periods ended February 28, 2026 August 31, 2026 (i) Real estate leasing revenues Rental revenues Rental income 9,596,334 9,156,056 Common service fee 788,121 779,470 Total 10,384,455 9,935,527 Other rental revenues Utilities charge reimbursement 561,933 563,696 Parking revenue 193,899 197,920 Other lease revenues 77,380 75,824 Total 833,213 837,441 Total real estate leasing revenues 11,217,669 10,772,968 (ii) Real estate leasing expenses Property-related expenses Outsourcing costs 446,811 444,583 Utilities expenses 473,905 490,845 Taxes and public dues 1,058,132 1,019,972 Insurance premiums 24,033 23,544 Repair and maintenance 130,426 189,675 Depreciation 1,494,426 1,446,841 Other leasing expenses 95,817 133,306 Total real estate leasing expenses 3,723,552 3,748,768 (iii) Real estate leasing profit ((ⅰ) - (ⅱ)) 7,494,117 7,024,199 [Notes on Income Statement] * 1. Breakdown of operating income (loss) from real estate leasing - 21 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 24
Thousands of yen LOGIPORT Kawagoe (70% joint co-ownership interest) Sales proceed 9,100,000 Cost of properties sold 8,079,685 Gain on sales of real estate properties 1,020,314 Thousands of yen LOGIPORT Sayama Hidaka Sales proceed 7,000,000 Cost of properties sold 6,250,128 Other sales expenses 3,800 Gain on sales of real estate properties 746,071 Thousands of yen Kariya Logistics Center Sales proceed 7,350,000 Cost of properties sold 5,950,852 Other sales expenses 1,350 Gain on sales of real estate properties 1,397,797 Thousands of yen Aisai Logistics Center Sales proceed 4,060,000 Cost of properties sold 3,999,368 Other sales expenses 148,997 Loss on sales of real estate properties 88,365 * 2. Breakdown of gain on sales of real estate properties Previous period (For the period ended February 28, 2026) Current period (For the period ended August 31, 2026) * 3. Breakdown of loss on sales of real estate properties Previous period (For the period ended February 28, 2026) None Current period (For the period ended August 31, 2026) For the periods ended February 28, 2026 August 31, 2026 Total number of investment units authorized 10,000,000 units 10,000,000 units Total number of investment units issued and outstanding 1,736,805 units 1,659,112 units [Notes on Statement of Changes in Unitholders' Capital] * 1. Total number of investment units authorized and total number of investment units issued and outstanding Thousands of yen For the periods ended February 28, 2026 August 31, 2026 Cash and deposits 14,838,540 19,058,144 Cash and deposits in trust 7,513,424 7,955,162 Restricted deposits in trust (Note) (2,232,211) (2,129,111) Cash and cash equivalents at period end 20,119,753 24,884,195 [Notes on the Statements of Cash Flows] * 1. Reconciliation of balance sheet items to cash and cash equivalents at end of period in the statement of cash flows Note: Deposits held in trust reserved for the refund of lease and guarantee deposits received from tenants. - 22 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 25
Thousands of yen For the periods ended February 28, 2026 August 31, 2026 Book value (Note 1) Balance at the beginning of the period 359,060,954 350,282,173 Changes during the period (Note 2) (8,778,780) (17,068,280) Balance at the end of the period 350,282,173 333,213,893 Fair value at the end of the period (Note 3) 444,480,000 426,950,000 [Notes on Rental Properties] LLR owns leased logistics facilities mainly in the Tokyo and Osaka areas for the purpose of obtaining rental income. The book values of these rental properties on the balance sheet, and their changes during the period and the fair values are presented below. Note 1. Book value was calculated by deducting accumulated depreciation from the acquisition cost. Note 2. The increase for period ended February 28, 2026, was a result of the implementation of the fire alarm system upgrade work of LOGIPORT Amagasaki during the period with a total value of 204,170 thousand yen. The decrease for period ended February 28, 2026, was a result of the sales of LOGIPORT Kawagoe (70% joint co-ownership interest) during the period with a total value of 8,088,712 thousand yen and the recognition of depreciation expenses of 1,494,426 thousand yen. In addition, the decrease for period ended August 31, 2026, was a result of the sales of LOGIPORT Sayama Hidaka during the period with a total value of 6,250,128 thousand yen, the sales of Aisai Logistics Center during the period with a total value of 3,999,368 thousand yen, the sales of Kariya Logistics Center during the period with a total value of 5,950,852 thousand yen and the recognition of depreciation expenses of 1,446,841 thousand yen, respectively. Note 3. The fair value at the end of the period was stated at the appraisal value obtained from an independent real estate appraiser. For the six months ended February 28, 2026, the selling price under the disposition contract signed on April 21, 2025 is used as the fair value of LOGIPORT Sayama Hidaka, and the selling prices under the disposition contract signed on February 26, 2026 are used as the fair values of Aisai Logistics Center and Kariya Logistics Center. For the six month ended August 31, 2026, the selling price under the disposition contract signed on September 18, 2026 are used as the fair value of LOGIPORT Kashiwa Shonan, Inuyama Logistics Center, LOGIPORT Sakai Minamijimacho and LOGIPORT Sakai Chikko Shinmachi. Operating income (loss) associated with the rental properties is presented in “Notes to Income Statement”. Thousands of yen Revenue from contracts with customers (Note) Sales to external customers Sales of real estate properties - 1,020,314 Utilities charge reimbursement 561,933 561,933 Other - 10,888,865 Total 561,933 12,471,114 [Note on Revenue Recognition] 1. Breakdown information on revenue from contracts with customers Previous period (For the period ended February 28, 2026) Note. Rental revenue, etc. subject to the “Accounting Standard for Lease Transactions” (ASBJ Statement No.13) are excluded from the above amount as such revenue is not subject to the Revenue Recognition Accounting Standard. Revenue from contracts with customers mainly represents proceeds from sales of real estate properties and utilities charge reimbursement. - 23 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 26
Thousands of yen Revenue from contracts with customers (Note) Sales to external customers Sales of real estate properties - 2,143,868 Utilities charge reimbursement 563,696 563,696 Other - 10,503,020 Total 563,696 13,210,585 Current period (For the period ended August 31, 2026) Note. Rental revenue, etc. subject to the “Accounting Standard for Lease Transactions” (ASBJ Statement No.13) and sale of real estate properties subject to the “Practical Guidelines on the Accounting by Transferors for the Securitization of Real Estate Using Special-Purpose Companies” (ASBJ Transferred Guidance No.10) are excluded from the above amount as such revenue is not subject to the Revenue Recognition Accounting Standard. Revenue from contracts with customers mainly represents proceeds from sales of real estate properties and utilities charge reimbursement. 2. Information about the relationship between the satisfaction of performance obligations under contracts with customers and cash flows from those contracts, and the amount and timing of revenue expected to be recognized in subsequent periods from contracts with customers that exist at the end of the current period Previous period (For the period ended February 28, 2026) Transaction price allocated to remaining performance obligations As of February 28, 2026, the total transaction price allocated to the remaining performance obligations related to the sale of real estate properties was 7,000,000 thousand yen for real estate properties for which a contract of sale was executed on April 21, 2025, and 11,410,000 thousand yen for real estate properties for which a contract of sale was executed on February 26, 2026. LLR expects to complete the delivery of the real estate properties on March 2, 2026 for 7,000,000 thousand yen and on March 6, 2026 for 11,410,000 thousand yen of such residual performance obligation and recognize revenue accordingly. Regarding utilities charge reimbursement, LLR recognizes revenues at the amount it has the right to charge in accordance with paragraph 19 of the Guidance on Accounting Standard for Revenue Recognition, because LLR has the right to receive from the customer the amount of consideration that directly corresponds to the value to the lessee, the customer, for the portion of performance completed by the end of the period. LLR therefore recognizes revenue at the amount it is entitled to claim in accordance with Paragraph 19 of the Guidance on Accounting Standard for Revenue Recognition. Accordingly, the provisions of paragraph 80-22(2) of the Accounting Standard for Revenue Recognition have been applied and the transaction price allocated to the remaining performance obligations have not been included in the notes. Current period (For the period ended August 31, 2026) Transaction price allocated to remaining performance obligations None. Regarding utilities charge reimbursement, LLR recognizes revenues at the amount it has the right to charge in accordance with paragraph 19 of the Guidance on Accounting Standard for Revenue Recognition, because LLR has the right to receive from the customer the amount of consideration that directly corresponds to the value to the lessee, the customer, for the portion of performance completed by the end of the period. LLR therefore recognizes revenue at the amount it is entitled to claim in accordance with Paragraph 19 of the Guidance on Accounting Standard for Revenue Recognition. Accordingly, the provisions of paragraph 80-22(2) of the Accounting Standard for Revenue Recognition have been applied and the transaction price allocated to the remaining performance obligations have not been included in the notes. - 24 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 27
Yen For the periods ended February 28, 2026 August 31, 2026 Net assets per unit 117,283 115,656 Net income per unit 3,353 3,719 Thousands of yen For the periods ended February 28, 2026 August 31, 2026 Net income 6,020,772 6,457,727 Amount not attributable to ordinary unitholders - - Net income attributable to ordinary investment units 6,020,772 6,457,727 Weighted average number of units outstanding 1,795,134 units 1,736,383 units [Notes on Per Unit Information] Note 1. Net income per unit was calculated by dividing net income by the daily weighted average number of investment units for the period. In addition, the diluted net income per unit was not stated here as there are no diluted investment units. Note 2. The basis for calculating net income per unit is as follows. Area Property number Asset name Location Disposition price (million yen) Disposition date Buyer Tokyo area Tokyo-11 LOGIPORT Kashiwa Shonan Kashiwa-city, Chiba 11,020 Dec. 18, 2026 Undisclosed Other area Other-3 Inuyama Logistics Center Inuyama-city, Aichi 18,570 Sep. 30, 2026 Osaka area Osaka-1 LOGIPORT Sakai Minamijimacho Sakai-city, Osaka May 31, 2027 Osaka area Osaka-2 LOGIPORT Sakai Chikko Shinmachi Sakai-city, Osaka Sep. 30, 2027 [Notes on Significant Subsequent Events] Execution of a sale and purchase agreement for the disposition of asset (real estate trust beneficiary interests) On September 18, 2026, LLR executed a sale and purchase agreement for the disposition of the four assets listed below, and disposed of Inuyama Logistics Center, one of the four assets, on September 30, 2026. Except for Inuyama Logistics Center, LLR treats the sale and purchase agreement for the disposition of the assets as a forward commitment, etc. In addition, the intended disposition date is subject to change as agreed upon between LLR and the buyer in accordance with the trust beneficiary interests sale and purchase agreement. Note. The disposition of “Inuyama Logistics Center,” “LOGIPORT Sakai Minamijimacho,” and “LOGIPORT Sakai Chikko Shinmachi” is intended to be carried out as a single, integrated transaction under a single purchase and sale agreement for trust beneficiary interests to be concluded with the same transferee. In light of this background, and because the consent of the transferee to disclosure has not been obtained, the disposition price of each individual property is not disclosed, and the aggregate amount is presented instead. [Additional Information] Decision on repurchase and cancellation of own investment units On September 18, 2026, LLR decided the following repurchase of own investment units based on the provisions of Article 80-2 of the Act on the Investment Trusts Act, which is applied by replacing the terms and phrases pursuant to the provisions of Article 80-5, Paragraph 2 of the said Act. And LLR also decided on cancellation of the repurchased investment units based on the provisions of Article 80, Paragraph 2 and 4 of the Investment Trust Act. - 25 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 28
Total number of investment units to be repurchased ：71,500 units (maximum) Total amount of investment units to be repurchased ：10,000 million yen (maximum) Repurchase method ：Open market repurchases on the Tokyo Stock Exchange based on a discretionary transaction agreement with a securities company for the repurchase of own investment units Repurchase period ：From September 24, 2026 to September 22, 2027 Repurchase of own investment units Note. The repurchase period excludes the five-business-day period ending on (and including) February 28, 2027 and August 31, 2027, which are the last days of the respective fiscal periods. Cancellation of own investment units LLR decided to cancel all of the own investment units it holds on February 26, 2027, having repurchased them during the February 2027 (22nd fiscal period) based on the decision above dated September 18, 2026. Omission of Disclosure Disclosure is omitted for items for notes including lease transactions, financial instruments, securities, derivative transactions, related party transactions, tax effect accounting, retirement benefits, and asset retirement obligations, since necessity for their disclosure in the financial results report is not deemed significant. - 26 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 29
Total number of outstanding investment units (units) Unitholders' capital (Note 1) (thousand yen) Date Description Increase (decrease) Balance Increase (decrease) Balance Comment November 18, 2021 Distributions in excess of retained earnings (refund of investment) - 1,785,000 (412,335) 209,210,848 (Note 2) May 23, 2022 Distributions in excess of retained earnings (refund of investment) - 1,785,000 (424,830) 208,786,018 (Note 3) November 17, 2022 Distributions in excess of retained earnings (refund of investment) - 1,785,000 (428,400) 208,357,618 (Note 4) May 22, 2023 Distributions in excess of retained earnings (refund of investment) - 1,785,000 (430,185) 207,927,433 (Note 5) July 5, 2023 Public offering 78,850 1,863,850 11,412,118 219,339,551 (Note 6) August 1, 2023 Third-party allotment 4,150 1,868,000 600,637 219,940,189 (Note 7) November 17, 2023 Distributions in excess of retained earnings (refund of investment) - 1,868,000 (681,820) 219,258,369 (Note 8) May 21, 2024 Distributions in excess of retained earnings (refund of investment) - 1,868,000 (461,396) 218,796,973 (Note 9) August 30, 2024 Cancellation (1,247) 1,866,753 (176,442) 218,620,530 (Note 10) November 18, 2024 Distributions in excess of retained earnings (refund of investment) - 1,866,753 (461,087) 218,159,442 (Note 11) February 28, 2025 Cancellation (56,133) 1,810,620 (7,969,884) 210,189,558 (Note 12) May 27, 2025 Distributions in excess of retained earnings (refund of investment) - 1,810,620 (914,363) 209,275,194 (Note 13) August 29, 2025 Cancellation (14,834) 1,795,786 (2,052,289) 207,222,905 (Note 14) November 21, 2025 Distributions in excess of retained earnings (refund of investment) - 1,795,786 (454,333) 206,768,571 (Note 15) February 27, 2026 Cancellation (58,981) 1,736,805 (9,092,253) 197,676,317 (Note 16) May 27, 2026 Distributions in excess of retained earnings (refund of investment) - 1,736,805 (448,095) 197,228,221 (Note 17) August 31, 2026 Cancellation (77,693) 1,659,112 (11,799,920) 185,428,301 (Note 18) (9) Changes in Number of Investment Units Issued and Outstanding Unitholders' capital and changes in the number of investment units issued and outstanding for the last five years are shown below. - 27 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 30
Note 1. The amount remaining after subtracting the amount of the deduction for unitholders' capital from unitholders' capital is stated. Note 2. At the Board of Directors Meeting of LLR on October 15, 2021, LLR decided to make distributions in excess of retained earnings (refund of contributions that under tax law is equivalent to a refund of investment) at an amount of 231 yen per unit as distributions of funds for the eleventh fiscal period (ended August 31, 2021) and payment of these commenced on November 18, 2021. Note 3. At the Board of Directors Meeting of LLR on April 15, 2022, LLR decided to make distributions in excess of retained earnings (refund of contributions that under tax law is equivalent to a refund of investment) at an amount of 238 yen per unit as distributions of funds for the twelfth fiscal period (ended February 28, 2022) and payment of these commenced on May 23, 2022. Note 4. At the Board of Directors Meeting of LLR on October 14, 2022, LLR decided to make distributions in excess of retained earnings (refund of contributions that under tax law is equivalent to a refund of investment) at an amount of 240 yen per unit as distributions of funds for the thirteenth fiscal period (ended August 31, 2022) and payment of these commenced on November 17, 2022. Note 5. At the Board of Directors Meeting of LLR on April 17, 2023, LLR decided to make distributions in excess of retained earnings (refund of contributions that under tax law is equivalent to a refund of investment) at an amount of 241 yen per unit as distributions of funds for the fourteenth fiscal period (ended February 28, 2023) and payment of these commenced on May 22, 2023. Note 6. LLR issued new investment units for the purpose of raising funds to acquire new properties at an offer price of 149,565 yen per unit (underwriting price of 144,732 yen). Note 7. LLR issued new investment units through a third-party allotment associated with the public offering at an underwriting price of 144,732 yen for the purpose of obtaining funds for future acquisition of property and the repayment of loans. Note 8. At the Board of Directors Meeting of LLR on October 16, 2023, LLR decided to make distributions in excess of retained earnings (refund of contributions that under tax law is equivalent to a refund of investment) at an amount of 365 yen per unit as distributions of funds for the fifteenth fiscal period (ended August 31, 2023) and payment of these commenced on November 17, 2023. Note 9. At the Board of Directors Meeting of LLR on April 15, 2024, LLR decided to make distributions in excess of retained earnings (refund of contributions that under tax law is equivalent to a refund of investment) at an amount of 247 yen per unit as distributions of funds for the sixteenth fiscal period (ended February 29, 2024) and payment of these commenced on May 21, 2024. Note 10. From April 16, 2024 to August 30, 2024, LLR repurchased its own investment units through an open market repurchase on the Tokyo Stock Exchange based on a discretionary transaction agreement with a securities company. All of the repurchased own investment units (1,247 units) were cancelled on August 30, 2024, in accordance with a resolution of LLR's Board of Directors meeting held on June 25, 2024. Note 11. At the Board of Directors Meeting of LLR on October 15, 2024, LLR decided to make distributions in excess of retained earnings (refund of contributions that under tax law is equivalent to a refund of investment) at an amount of 247 yen per unit as distributions of funds for the seventeenth fiscal period (ended August 31, 2024) and payment of these commenced on November 18, 2024. Note 12. From September 1, 2024 to February 28, 2025, LLR repurchased its own investment units through an open market repurchase on the Tokyo Stock Exchange based on a discretionary transaction agreement with a securities company. All of the repurchased own investment units (56,133 units) were cancelled on February 28, 2025, in accordance with a resolution of LLR's Board of Directors meeting held on October 15, 2024. Note 13. At the Board of Directors Meeting of LLR on April 21, 2025, LLR decided to make distributions in excess of retained earnings (refund of contributions that under tax law is equivalent to a refund of investment) at an amount of 505 yen per unit as distributions of funds for the eighteenth fiscal period (ended February 28, 2025) and payment of these commenced on May 27, 2025. Note 14. From March 1, 2025 to August 29, 2025, LLR repurchased its own investment units through an open market repurchase on the Tokyo Stock Exchange based on a discretionary transaction agreement with a securities company. All of the repurchased own investment units (14,834 units) were cancelled on August 29, 2025, in accordance with a resolution of LLR's Board of Directors meeting held on April 21, 2025. Note 15. At the Board of Directors Meeting of LLR on October 21, 2025, LLR decided to make distributions in excess of retained earnings (refund of contributions that under tax law is equivalent to a refund of investment) at an amount of 253 yen per unit as distributions of funds for the nineteenth fiscal period (ended August 31, 2025) and payment of these commenced on November 21, 2025. Note 16. From September 1, 2025 to February 27, 2026, LLR repurchased its own investment units through an open market - 28 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 31
repurchase on the Tokyo Stock Exchange based on a discretionary transaction agreement with a securities company. All of the repurchased own investment units (58,981 units) were cancelled on February 27, 2026, in accordance with a resolution of LLR's Board of Directors meeting held on October 21, 2025. Note 17. At the Board of Directors Meeting of LLR on April 22, 2026, LLR decided to make distributions in excess of retained earnings (refund of contributions that under tax law is equivalent to a refund of investment) at an amount of 258 yen per unit as distributions of funds for the twentieth fiscal period (ended February 28, 2026) and payment of these commenced on May 27, 2026. Note 18. From March 1, 2026 to June 12, 2026, LLR repurchased its own investment units through an open market repurchase on the Tokyo Stock Exchange based on a discretionary transaction agreement with a securities company. All of the repurchased own investment units (77,693 units) were cancelled on August 31, 2026, in accordance with a resolution of LLR's Board of Directors meeting held on February 26, 2026. - 29 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 32
Previous period (February 28, 2026) Current period (August 31, 2026) Type of assets Use Area (Note 1) Total amount held (million yen) (Note 2) Percentage to total assets (%) (Note 3） Total amount held (million yen) (Note 2) Percentage to total assets (%) (Note 3) Real estate in trust Logistics facilities Tokyo area 197,106 51.2 190,423 51.0 Osaka area 139,956 36.3 139,544 37.4 Other 13,219 3.4 3,245 0.9 Subtotal 350,282 90.9 333,213 89.2 Investment securities (Note 4) 11,147 2.9 11,806 3.2 Deposits / other assets 23,876 6.2 28,416 7.6 Total assets 385,306 100.0 373,436 100.0 Previous period (February 28, 2026) Current period (August 31, 2026) Amount (million yen) Percentage to total assets (%) (Note 3) Amount (million yen) Percentage to total assets (%) (Note 3) Total liabilities 181,608 47.1 181,550 48.6 Total net assets 203,698 52.9 191,886 51.4 Total assets 385,306 100.0 373,436 100.0 3. Reference Information (1) Information on Price of the Managed Assets A) Composition of LLR's Assets Note 1. “Area” refers to the Tokyo area, the Osaka area, as well as other prefectural areas, and the “Tokyo area” is defined as the area within 60km of Tokyo (specifically within a 60km radius of JR Tokyo Station), and “Osaka area” is defined as the area within 45km of Osaka (specifically within a 45km radius of JR Osaka Station). Note 2. “Total amount held” reflects the amount recognized on the balance sheet (for real estate in trust, the carrying value after depreciation) as of the closing date of the respective fiscal period, and was rounded down to the nearest million yen. Note 3. “Percentage to total assets” was rounded to one decimal place. Note 4. “Investment Securities” were preferred shares of Japan Logistics Development 2 TMK, preferred shares of NY Properties TMK, equity in investment in a silent partnership of LRF3 Properties GK, equity in investment in a silent partnership of Nagoya Kawasaki Properties GK, preferred shares of HK Properties TMK, preferred shares and specified corporate bonds of LLHC TMK, and equity in investment in a silent partnership of DL Sayama Hidaka GK for the previous period, and, were preferred shares of Japan Logistics Development 2 TMK, equity in investment in a silent partnership of LRF3 Properties GK, equity in investment in a silent partnership of Nagoya Kawasaki Properties GK, preferred shares of HK Properties TMK, preferred shares and specified corporate bonds of LLHC TMK, equity in investment in a silent partnership of DL Sayama Hidaka GK, and preferred shares of Maya Development TMK for the current period, respectively. - 30 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 33
Type Name of securities Quantity (units) Carrying amount (thousand yen) Appraisal value (thousand yen) (Note 8) Share of total assets (%) (Note 9) Preferred securities Japan Logistics Development 2 TMK preferred securities (Note 1) 30,900 1,563,916 1,563,916 0.4 Equity in investment in a silent partnership LRF3 Properties GK equity in investment in a silent partnership (Note 2) - 1,497,578 1,497,578 0.4 Equity in investment in a silent partnership Nagoya Kawasaki Properties GK equity in investment in a silent partnership (Note 3) - 3,745,749 3,745,749 1.0 Preferred securities HK Properties TMK preferred securities (Note 4) 90 million 94,867 94,867 0.0 Preferred securities LLHC TMK preferred securities (Note 5) 16,660 845,987 845,987 0.2 Specified corporate bonds LLHC TMK specified corporate bonds (Note 5) - 3,037,406 3,037,406 0.8 Equity in investment in a silent partnership DL Sayama Hidaka GK equity in investment in a silent partnership (Note 6) - 363,628 363,628 0.1 Preferred securities Maya Development TMK preferred securities (Note 7) 646 million 657,299 657,299 0.2 Total - 11,806,435 11,806,435 3.2 Name of Securities Property Portfolio Property Name Property Location Japan Logistics Development 2 TMK preferred securities Real estate Sendai Izumi Logistics Center 3-31 Akedori, Izumi-ku, Sendai- city, Miyagi Name of Securities Property Portfolio Property Name Property Location LRF3 Properties GK equity in investment in a silent partnership Trust beneficiary interest LOGIPORT Kazo 1-317-6 Toyonodai, Kazo-city, Saitama Trust beneficiary interest Iruma Project 4085 Miyanodai, Miyadera, Iruma-city, Saitama Trust beneficiary interest Urawa Misono Project 1-6-3 Misono, Midori-ku, Saitama-city, Saitama Trust beneficiary interest Iwanuma Project 120-1 Shinsekimukai, Shimonogo, Iwanuma-city, Miyagi Trust beneficiary interest Amagasaki Project 5-103-14 Shioe, Amagasaki-city, Hyogo Trust beneficiary interest LOGIPORT Nagoya 1 Takamichi, Iwatsuka-cho, Nakamura-ku, Nagoya-city, Aichi Trust beneficiary interest Urayasu Logistics Center 10-6 Chidori, Urayasu-city, Chiba B) Investment Assets (i) Main Issues of the Investment Securities As of August 31, 2026, the investment securities held by LLR are as follows. Note 1. The underlying asset related to the preferred securities is as shown below. Note 2. The underlying asset related to the equity in investment in a silent partnership is as shown below. - 31 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 34
Name of Securities Property Portfolio Property Name Property Location Nagoya Kawasaki Properties GK equity in investment in a silent partnership Trust beneficiary interest LOGIPORT Nagoya 1 Takamichi, Iwatsuka-cho, Nakamura-ku, Nagoya-city, Aichi Trust beneficiary interest LOGIPORT Kawasaki Bay 7-1 Higashi Ogishima, Kawasaki- ku, Kawasaki-city, Kanagawa Name of Securities Property Portfolio Property Name Property Location HK Properties TMK preferred securities Real estate Tomakomai Project Tomakomai-city, Hokkaido Name of Securities Property Portfolio Property Name Property Location LLHC TMK preferred securities and specified corporate bonds Trust beneficiary interest Sendai Ogimachi Logistics Center 7-3-11, Ogimachi, Sendai-city, Miyagi Trust beneficiary interest Nanko Logistics Center 1-1-125, Nankominami Suminoe- ku, Osaka-city, Osaka Trust beneficiary interest Yachiyo Logistics Center 597-8, Owadashinden, Yachiyo- city, Chiba Trust beneficiary interest Okinawa Itoman Logistics Center 4-15-11 Nishizaki-cho, Itoman- city, Okinawa Name of Securities Property Portfolio Property Name Property Location DL Sayama Hidaka GK equity in investment in a silent partnership Trust beneficiary interest LOGIPORT Sayama Hidaka 85-1 Shimo Ooyazawa, Miyanomae, Hidaka-city, Saitama Name of Securities Property Portfolio Property Name Property Location Maya Development TMK preferred securities Trust beneficiary interest Kobe Maya project 2-10, Maya-futo, Nada-ku, Kobe- city, Hyogo Note 3. The underlying asset related to the equity in investment in a silent partnership is as shown below. Note 4. The underlying asset related to the preferred securities is as shown below. Note 5. The underlying assets related to the preferred securities and specified corporate bonds are as shown below. Note 6. The underlying asset related to the equity in investment in a silent partnership is as shown below. Note 7. The underlying asset related to the preferred securities is as shown below Note 8. The carrying amount is shown for the appraisal value. Note 9. The share of total assets is rounded to one decimal place. - 32 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 35
Area Property number (Note 1) Property name Location Form of possession Property age (years) (Note 2) As of end of current period carrying amount (million yen) (Note 3) Acquisition price (million yen) (Note 4) Investment ratio (%) (Note 5) Appraisal value (million yen) (Note 6) Gross floor area (㎡) (Note 7) Tokyo area Tokyo-1 LOGIPORT Hashimoto (Note 8) Kanagawa Prefecture Sagamihara City Trust beneficiary interest 12 20,158 21,200 6.2 28,000 145,801.69 Tokyo-2 LOGIPORT Sagamihara (Note 9) Kanagawa Prefecture Sagamihara City Trust beneficiary interest 13 22,289 23,020 6.7 30,600 200,045.57 Tokyo-3 LOGIPORT Kitakashiwa Chiba Prefecture Kashiwa City Trust beneficiary interest 14 24,866 25,300 7.4 36,100 106,326.32 Tokyo-5 LOGIPORT Nagareyama B (Note 10) Chiba Prefecture Nagareyama City Trust beneficiary interest 18 12,765 13,300 3.9 17,800 133,414.76 Tokyo-6 LOGIPORT Higashi Ogishima A Kanagawa Prefecture Kawasaki City Trust beneficiary interest 39 18,892 19,000 5.5 20,500 100,235.67 Tokyo-7 LOGIPORT Higashi Ogishima B Kanagawa Prefecture Kawasaki City Trust beneficiary interest 35 19,016 19,120 5.6 24,300 117,546.26 Tokyo-8 LOGIPORT Higashi Ogishima C Kanagawa Prefecture Kawasaki City Trust beneficiary interest 25 22,817 23,700 6.9 29,200 116,997.14 Tokyo-11 LOGIPORT Kashiwa Shonan Chiba Prefecture Kashiwa City Trust beneficiary interest 8 8,922 9,300 2.7 11,000 40,878.58 Tokyo-13 Higashi Ogishima (leasehold land) Kanagawa Prefecture Kawasaki City Trust beneficiary interest - 1,264 1,189 0.3 2,440 - Tokyo-14 LOGIPORT Kawasaki Bay (Note 11) Kanagawa Prefecture Kawasaki City Trust beneficiary interest 7 31,154 32,200 9.4 36,920 289,164.66 Tokyo-15 LOGIPORT Shinmoriya Ibaraki Prefecture Tsukubamir ai City Trust beneficiary interest 7 8,275 8,580 2.5 10,500 37,089.81 Osaka area Osaka-1 LOGIPORT Sakai Minamijimacho Osaka Prefecture Sakai City Trust beneficiary interest 10 7,797 8,150 2.4 9,880 30,696.61 Osaka-2 LOGIPORT Sakai Chikko Shinmachi (Note 12) Osaka Prefecture Sakai City Trust beneficiary interest 8 4,115 4,160 1.2 5,210 20,428.39 Osaka-3 LOGIPORT Osaka Taisho (Note 13) Osaka Prefecture Osaka City Trust beneficiary interest 9 16,934 17,655 5.2 22,000 117,037.14 Osaka-5 LOGIPORT Amagasaki Hyogo Prefecture Amagasaki City Trust beneficiary interest 9 47,157 48,200 14.1 65,000 261,007.41 Osaka-6 LOGIPORT Sakai (Note 14) Osaka Prefecture Sakai City Trust beneficiary interest 9 11,673 12,075 3.5 14,000 115,552.35 Osaka-7 LOGIPORT Osaka Bay Osaka Prefecture Osaka City Trust beneficiary interest 9 38,999 40,000 11.7 46,800 139,551.94 Osaka-8 LOGIPORT Kyoto Kyoto Prefecture Yawata City Trust beneficiary interest 6 12,865 13,015 3.8 13,200 37,399.42 Other area Other-3 Inuyama Logistics Center Aichi Prefecture Inuyama City Trust beneficiary interest 4 3,245 3,270 1.0 3,470 10,363.34 Portfolio total / average 14 333,213 342,434 100.0 426,920 2,019,537.06 (ii) Overview of Real Estate, etc. (a) Portfolio Overview The assets (real estate or beneficiary interests in trusts holding real estate as trust assets; collectively referred to as “asset holdings” hereinafter) held by LLR as of the end of this fiscal period are presented below. - 33 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 36
Note 1. “Property number” refers to the number assigned by classifying LLR's asset holdings into three areas, with those located in the Tokyo area designated as “Tokyo,” those in the Osaka area as "Osaka," and those located in other prefectural areas as “Other areas.” Note 2. ‟Property Age” with respect to “LOGIPORT Amagasaki” was calculated by taking the period from October 13, 2017, when renovation work and conversion from a factory to logistics facility was completed, to the end of this fiscal period, and this result was rounded to the nearest decimal place. The number presented as the portfolio age average is the weighted average weighted by acquisition price, rounded to the nearest whole number. Note 3. “As of end of current period carrying amount” is based on book value after depreciation as of the end of this fiscal period, rounded down to the nearest million yen. Construction in progress in trust is not included. Note 4. “Acquisition Price” is the purchase price for each of the trust beneficiary interests as shown in the trust beneficiary interest purchase agreement of the relevant property (excluding consumption taxes, local consumption taxes, and various acquisition costs, and is rounded down to the nearest million yen). Note 5. The investment ratio is the percentage of the Acquisition Price of the relevant property to the total acquisition price, rounded to one decimal place. Therefore, the sum of the individual investment ratio figures may not necessarily match the portfolio total. Note 6. “Appraisal value” represents the appraisal value as of the end of this fiscal period, shown in the real estate appraisal documents prepared by Tanizawa Sogo Appraisal Co., Ltd., CBRE K.K. or Japan Real Estate Institute, which have been contracted to appraise the asset holdings. Note 7. “Gross floor area” reflects the figure shown in the registrations for all buildings associated with the real estate in trust (excluding ancillary buildings that are not subject to leasing) held by LLR. Note 8. The as of end of current period carrying amount, Acquisition Price and appraisal value for LOGIPORT Hashimoto are stated as amounts proportional to LLR's ownership interest of the joint co-ownership interests within the trust beneficiary interest (equating to 55%), while the gross floor area is the figure for the entire property. Note 9. The as of end of current period carrying amount, Acquisition Price and appraisal value for LOGIPORT Sagamihara are stated as amounts proportional to LLR's ownership interest of the joint co-ownership interests within the trust beneficiary interest (equating to 51%), while the gross floor area is the figure for the entire property. Note 10. The as of end of current period carrying amount, Acquisition Price and appraisal value for LOGIPORT Nagareyama B are stated as amounts proportional to LLR's ownership interest of the joint co-ownership interests within the trust beneficiary interest (equating to 50%), while the gross floor area is the figure for the entire property. Note 11. The as of end of current period carrying amount, Acquisition Price and appraisal value for LOGIPORT Kawasaki Bay are stated as amounts proportional to LLR's ownership interest of the joint co-ownership interests within the trust beneficiary interest (equating to 40%), while the gross floor area is the figure for the entire property. Note 12. The appraised value of LOGIPORT Sakai Chikko Shinmachi includes the value related to the solar power generation equipment completed on August 31, 2020. Note 13. The as of end of current period carrying amount, Acquisition Price and appraisal value for LOGIPORT Osaka Taisho are stated as amounts proportional to LLR’s ownership interest of the joint co-ownership interests within the trust beneficiary interest (equating to 62.5%), while the gross floor area is the figure for the entire property. Note 14. The as of end of current period carrying amount, Acquisition Price and appraisal value for LOGIPORT Sakai are stated as amounts proportional to LLR's ownership interest of the joint co-ownership interests within the trust beneficiary interest (equating to 50%), while the gross floor area is the figure for the entire property. - 34 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 37
Area Property number Property name Number of tenants (Note 1) Annual lease revenue (million yen) (Note 2) Lease & guarantee deposits (million yen) (Note 3) Leasable floor area (㎡) (Note 4) Leased floor area (㎡) (Note 5) Occupancy rate (%) (Note 6) Tokyo area Tokyo-1 LOGIPORT Hashimoto (Note 7) 18 1,264 318 130,052 130,052 100.0 Tokyo-2 LOGIPORT Sagamihara (Note 8) 17 1,439 337 180,971 180,188 99.6 Tokyo-3 LOGIPORT Kitakashiwa 6 1,601 415 102,518 102,518 100.0 Tokyo-5 LOGIPORT Nagareyama B (Note 9) 8 812 192 112,645 112,154 99.6 Tokyo-6 LOGIPORT Higashi Ogishima A 22 1,219 376 85,281 82,684 97.0 Tokyo-7 LOGIPORT Higashi Ogishima B 22 1,389 432 103,379 99,538 96.3 Tokyo-8 LOGIPORT Higashi Ogishima C 20 1,496 234 114,925 113,768 99.0 Tokyo-11 LOGIPORT Kashiwa Shonan 1 Not disclosed (Note 13) Not disclosed (Note 13) 40,773 40,773 100.0 Tokyo-13 Higashi Ogishima (leasehold land) 1 Not disclosed (Note 13) Not disclosed (Note 13) 11,472 11,472 100.0 Tokyo-14 LOGIPORT Kawasaki Bay (Note 10) 11 1,543 363 261,801 261,172 99.8 Tokyo-15 LOGIPORT Shinmoriya 1 Not disclosed (Note 13) Not disclosed (Note 13) 37,092 37,092 100.0 Osaka Area Osaka-1 LOGIPORT Sakai Minamijimacho 1 Not disclosed (Note 13) Not disclosed (Note 13) 30,690 30,690 100.0 Osaka-2 LOGIPORT Sakai Chikko Shinmachi 1 Not disclosed (Note 13) Not disclosed (Note 13) 20,427 20,427 100.0 Osaka-3 LOGIPORT Osaka Taisho (Note 11) 12 978 234 106,929 106,717 99.8 Osaka-5 LOGIPORT Amagasaki 11 3,233 887 218,241 215,885 98.9 Osaka-6 LOGIPORT Sakai (Note 12) 5 761 163 112,654 111,733 99.2 Osaka-7 LOGIPORT Osaka Bay 11 2,038 649 136,516 136,516 100.0 Osaka-8 LOGIPORT Kyoto 1 Not disclosed (Note 13) Not disclosed (Note 13) 38,134 38,134 100.0 Other Area Other-3 Inuyama Logistics Center 1 Not disclosed (Note 13) Not disclosed (Note 13) 10,363 10,363 100.0 Portfolio total / average 170 20,103 5,180 1,854,874 1,397,845 1,841,885 1,386,402 99.3 99.2 (b) Tenant Agreements Information about the status of agreements with tenants for the asset holdings (leasable floor area, leased floor area, occupancy rate, total number of tenants, total annual lease revenue, total amount of lease and guarantee deposits) is presented below. Note 1. “Number of tenants” is stated as the total number of lease agreements associated with the buildings shown for each of the trust properties as of the end of this fiscal period. If a master lease agreement has been executed for the trust property, it is stated as the total number of end tenants. However, if the same lessee has executed multiple lease agreements at the trust property, that lessee is counted as one tenant when arriving at calculating the total. Note 2. “Annual lease revenue” is stated as the total annualized monthly rent calculated by multiplying the monthly lease amount (including common service fees) shown in each lease agreement associated with each trust property as of the end of this fiscal period (excluding consumption taxes) by 12, rounded down to the nearest million yen. Therefore, the sum of the “annual lease revenue” for the individual trust properties may not necessarily match the portfolio total. - 35 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 38
Note 3. “Lease & guarantee deposits” is stated as the aggregate amount of the lease and guarantee deposit balances shown in each lease agreement associated with each trust property for each trust property as of the end of this fiscal period, rounded down to the nearest million yen. Therefore, the sum of the individual “lease & guarantee deposits” for the properties may not necessarily match the portfolio total. Note 4. “Leasable floor area” is the area that can be leased at the buildings associated with each trust property as of the end of this fiscal period, stated as the aggregate of the area considered leasable under the lease agreements or building drawings, rounded down to the nearest whole number. Additionally, in the “Portfolio total" row, the upper figure represents the aggregate leasable floor area for the buildings of each trust property. The lower figure represents the aggregate leasable floor area for the buildings of each trust property after factoring in LLR's share in the joint co-ownership interests in a trust beneficiary interest and calculating leasable floor area proportional to LLR's share, in cases of trust properties in which LLR has share of the joint co-ownership interests. Note 5. “Leased floor area” is stated as the aggregate leased floor area associated with the buildings shown in the lease agreements for each of the trust properties as of the end of this fiscal period. If a master lease agreement has been executed for the trust property, it is stated as the aggregate of the area which has actually been leased through the execution of lease agreements with end tenants, rounded down to the nearest whole number. Additionally, in the “Portfolio total/average” row, the upper figure represents the aggregate leased floor area for the buildings of each trust property. The lower figure represents the ratio of the aggregate leased floor area for the buildings of each trust property after factoring in LLR's share in the joint co- ownership interests in a trust beneficiary interest and calculating leased floor area proportional to LLR's share, in cases of trust properties in which LLR has share of the joint co-ownership interests. Note 6. “Occupancy rate” is stated as the ratio of leased floor area to leasable floor area with the buildings shown in the lease agreements for each of the trust properties as of the end of this fiscal period, rounded to one decimal place. Additionally, in the “Portfolio total/average” row, the upper figure represents the ratio of the aggregate Leased Floor Area for a given building divided by the Leasable Floor Area for a given building, rounded to one decimal place. The lower figure represents the ratio of the aggregate Leased Floor Area for a given building divided by the Leasable Floor Area for a given building, rounded to one decimal place, after factoring in LLR's share in the joint co-ownership interests in a trust beneficial interest and calculating leasable and leased floor area proportional to LLR's share, in cases of trust properties in which LLR has share of the joint co- ownership interests. Note 7. The total number of tenants, leasable floor area, and leased floor area, and occupancy rate for “LOGIPORT Hashimoto” are stated as figures for the entire building, while the annual lease revenue and lease & guarantee deposits are stated as amounts proportional to LLR's ownership interest of the joint co-ownership interests within the trust beneficiary interest (55%). Note 8. The total number of tenants, leasable floor area, and leased floor area, and occupancy rate for “LOGIPORT Sagamihara” are stated as the figure for the entire building, while the annual lease revenue and lease & guarantee deposits are stated as amounts proportional to LLR's ownership interest of the joint co-ownership interests within the trust beneficiary interest (51%). Note 9. The total number of tenants, leasable floor area, and leased floor area, and occupancy rate for LOGIPORT Nagareyama B are stated as figures for the entire building, while the annual lease revenue and lease & guarantee deposits are stated as amounts proportional to LLR’s ownership interest of the joint co-ownership interests within the trust beneficiary interest (50%). Note 10. The total number of tenants, leasable floor area, and leased floor area, and occupancy rate for LOGIPORT Kawasaki Bay are stated as figures for the entire building, while the annual lease revenue and lease & guarantee deposits are stated as amounts proportional to LLR’s ownership interest of the joint co-ownership interests within the trust beneficiary interest (40%). Note 11. The total number of tenants, leasable floor area, and leased floor area, and occupancy rate for LOGIPORT Osaka Taisho are stated as figures for the entire building, while the annual lease revenue and lease & guarantee deposits are stated as amounts proportional to LLR’s ownership interest of the joint co-ownership interests within the trust beneficiary interest (62.5%). Note 12. The total number of tenants, leasable floor area, and leased floor area, and occupancy rate for “LOGIPORT Sakai” are stated as the figure for the entire building, while the annual lease revenue and lease & guarantee deposits are stated as amounts proportional to LLR's ownership interest of the joint co-ownership interests within the trust beneficiary interest (50%). Note 13. Not disclosed because approval for disclosure has not been obtained from the tenant. - 36 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 39
Income approach value (million yen) Appraisal value (million yen) (Note 1) Cost- approach value (million yen) Direct capitalization method Discounted cash flow (DCF) method Area Property number Property name Appraiser Income- approach value Capitalization rate (%) Income- approach value Discount rate (%) Terminal capitalization rate (%) Tokyo area Tokyo-1 LOGIPORT Hashimoto (Note 2) Tanizawa Sogo Appraisal Co., Ltd. 28,000 28,700 27,400 3.4 28,300 3.6 3.6 Tokyo-2 LOGIPORT Sagamihara (Note 3) Tanizawa Sogo Appraisal Co., Ltd. 30,600 30,300 30,000 3.5 30,800 3.7 3.7 Tokyo-3 LOGIPORT Kitakashiwa CBRE K.K. 36,100 32,600 36,400 3.6 36,100 3.4 3.7 Tokyo-5 LOGIPORT Nagareyama B (Note 4) CBRE K.K. 17,800 16,250 17,900 3.7 17,800 3.5 3.8 Tokyo-6 LOGIPORT Higashi Ogishima A Tanizawa Sogo Appraisal Co., Ltd. 20,500 21,600 19,900 4.1 20,800 4.3 4.3 Tokyo-7 LOGIPORT Higashi Ogishima B Tanizawa Sogo Appraisal Co., Ltd. 24,300 26,000 23,300 4.1 24,700 4.3 4.3 Tokyo-8 LOGIPORT Higashi Ogishima C Tanizawa Sogo Appraisal Co., Ltd. 29,200 29,600 28,400 3.9 29,500 4.1 4.1 Tokyo-11 LOGIPORT Kashiwa Shonan Tanizawa Sogo Appraisal Co., Ltd. 11,000 11,500 11,200 4.0 10,900 4.1 (Note 9) 4.2 Tokyo-13 Higashi Ogishima (leasehold land) Tanizawa Sogo Appraisal Co., Ltd. 2,440 - - - 2,440 3.5 - Tokyo-14 LOGIPORT Kawasaki Bay (Note 5) Japan Real Estate Institute 36,920 35,800 37,040 3.6 36,800 3.3 3.7 Tokyo-15 LOGIPORT Shinmoriya Japan Real Estate Institute 10,500 8,450 10,500 3.9 10,500 3.4 4.0 Osaka Area Osaka-1 LOGIPORT Sakai Minamijimacho Japan Real Estate Institute 9,880 6,590 9,960 3.9 9,800 3.5 4.0 Osaka-2 LOGIPORT Sakai Chikko Shinmachi (Note 6) Tanizawa Sogo Appraisal Co., Ltd. 5,210 5,730 5,290 4.2 5,180 4.2 (Note 10) 4.4 Osaka-3 LOGIPORT Osaka Taisho (Note 7) Tanizawa Sogo Appraisal Co., Ltd. 22,000 19,100 22,300 3.6 21,800 3.8 3.8 Osaka-5 LOGIPORT Amagasaki Tanizawa Sogo Appraisal Co., Ltd. 65,000 64,800 64,600 3.9 65,100 4.1 4.1 Osaka-6 LOGIPORT Sakai (Note 8) Tanizawa Sogo Appraisal Co., Ltd. 14,000 14,200 14,000 4.1 14,000 4.3 4.3 Osaka-7 LOGIPORT Osaka Bay Tanizawa Sogo Appraisal Co., Ltd. 46,800 46,000 47,300 3.5 46,600 3.7 3.7 Osaka-8 LOGIPORT Kyoto Tanizawa Sogo Appraisal Co., Ltd. 13,200 12,800 13,500 3.7 13,100 3.6 (Note 11) 3.8 Other Area Other-3 Inuyama Logistics Center Tanizawa Sogo Appraisal Co., Ltd. 3,470 2,970 3,530 3.8 3,440 3.8 (Note 12) 4.0 Portfolio total 426,920 412,990 422,520 427,660 (c) Appraisal report summary Note 1. The date of valuation for “Appraisal value” is the end of this fiscal period. Note 2. The appraisal value, cost-approach value, and income-approach values based on the direct capitalization method, and DCF method for LOGIPORT Hashimoto are stated as amounts proportional to the joint co-ownership interests in trust beneficiary interests that LLR holds (55%). Note 3. The appraisal value, cost-approach value, and income-approach values based on the direct capitalization method, and DCF method for LOGIPORT Sagamihara are stated as amounts proportional to the joint co-ownership interests in trust beneficiary interests that LLR holds (51%). Note 4. The appraisal value, cost-approach value, and income-approach values based on the direct capitalization method, and DCF method for LOGIPORT Nagareyama B are stated as amounts proportional to the joint co-ownership interests in trust beneficiary interests that LLR holds (50%). - 37 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 40
Note 5. The appraisal value, cost-approach value, and income-approach values based on the direct capitalization method, and DCF method for LOGIPORT Kawasaki Bay are stated as amounts proportional to the joint co-ownership interests in trust beneficiary interests that LLR holds (40%). Note 6. LOGIPORT Sakai Chikko Shinmachi’s appraised value, cost approach valuation, direct capitalization and DCF method income approach valuation, each include a value attributed to the solar power generation equipment completed on August 31, 2020. Note 7. The appraisal value, cost-approach value, and income-approach values based on the direct capitalization method, and DCF method for LOGIPORT Osaka Taisho are stated as amounts proportional to the joint co-ownership interests in trust beneficiary interests that LLR holds (62.5%). Note 8. The appraisal value, cost-approach value, and income-approach values based on the direct capitalization method, and DCF method for LOGIPORT Sakai are stated as amounts proportional to the joint co-ownership interests in trust beneficiary interests that LLR holds (50%). Note 9. The discount rate for LOGIPORT Kashiwa Shonan is stated as the figure for the first fiscal year. Note 10. The discount rate for LOGIPORT Sakai Chikko Shinmachi is stated as the figure for the first fiscal year. Note 11. The discount rate for LOGIPORT Kyoto is stated as the figure from the first fiscal year until the fifth fiscal year. Note 12. The discount rate for Inuyama Logistics Center is stated as the figure for the first fiscal year. Property name Total annual lease revenue (million yen) (Note 1) Share of lease revenue (%) (Note 2) LOGIPORT Amagasaki 3,233 16.1 LOGIPORT Osaka Bay 2,038 10.1 Total 5,272 26.2 (d) Information about major real estate properties Of the assets held by LLR, those properties where “total annual lease revenue” represents 10% or more of the “total annual lease revenue for the entire portfolio” as of the end of this fiscal period are presented below. Note 1. “Total annual lease revenue” is stated as the total annualized monthly rent (including common service fees) shown in each lease agreement associated with each trust property as of the end of this fiscal period (excluding consumption taxes), calculated by multiplying by 12, rounded down to the nearest million yen. Note 2. “Share of lease revenue” is the ratio of that property’s total annual lease revenue to the total annual lease revenue for the entire portfolio, rounded to one decimal place. (e) Information about Major Tenants Within the assets held by LLR, as of the end of this fiscal period there are no tenants for which the leased floor area represents 10% or more of the total leased floor area for the entire portfolio (for those assets for which a pass-through type master lease agreement has been executed, this includes the end tenants and excludes the master lessee that has executed the master lease agreement). - 38 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 41
(Unit: thousand yen) Property number Tokyo-1 Tokyo-2 Tokyo-3 Tokyo-5 Tokyo-6 Name of property LOGIPORT Hashimoto LOGIPORT Sagamihara LOGIPORT Kitakashiwa LOGIPORT Nagareyama B LOGIPORT Higashi Ogishima A Number of operating days in 21st period 184 184 184 184 184 (i) Total real estate leasing revenues 703,935 778,356 909,938 441,972 629,476 Rental revenues 631,461 718,356 798,559 405,984 566,726 Other rental revenues 72,473 59,999 111,378 35,988 62,750 (ii) Total real estate leasing expenses 242,776 244,463 353,499 160,865 191,215 Outsourcing costs 20,881 31,934 34,131 15,382 53,008 Utilities expenses 50,305 38,873 83,088 23,237 17,362 Taxes and public dues 53,897 61,060 79,233 35,508 45,446 Insurance premiums 1,263 1,484 1,555 873 1,458 Repair and maintenance 23,766 8,492 40,841 7,290 2,335 Depreciation 79,224 76,802 111,647 68,409 69,047 Other leasing expenses 13,437 25,816 3,001 10,162 2,555 (iii) Real estate leasing profit (= (i) - (ii)) 461,158 533,893 556,439 281,107 438,261 (iv) Rent NOI (= (iii) + Depreciation) 540,382 610,695 668,087 349,517 507,308 (f) Property Income/Expenses - 39 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 42
(Unit: thousand yen) Property number Tokyo-7 Tokyo-8 Tokyo-11 Tokyo-12 Tokyo-13 Name of property LOGIPORT Higashi Ogishima B LOGIPORT Higashi Ogishima C LOGIPORT Kashiwa Shonan LOGIPORT Sayama Hidaka Higashi Ogishima (leasehold land) Number of operating days in 21st period 184 184 184 1 184 (i) Total real estate leasing revenues 795,471 842,554 Rental revenues 689,480 751,284 Other rental revenues 105,990 91,270 (ii) Total real estate leasing expenses 273,469 278,469 Outsourcing costs 58,099 63,141 Not disclosed (Note) Not disclosed (Note) Not disclosed (Note) Utilities expenses 33,150 28,864 Taxes and public dues 67,495 68,309 Insurance premiums 2,054 1,797 Repair and maintenance 14,648 14,463 Depreciation 94,614 100,177 Other leasing expenses 3,406 1,716 (iii) Real estate leasing profit (= (i) - (ii)) 522,001 564,085 187,309 (6,749) 18,654 (iv) Rent NOI (= (iii) + Depreciation) 616,616 664,262 223,650 (3,184) 18,654 Note: Not disclosed because approval for disclosure has not been obtained from the tenant. - 40 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 43
(Unit: thousand yen) Property number Tokyo-14 Tokyo-15 Osaka-1 Osaka-2 Osaka-3 Name of property LOGIPORT Kawasaki Bay LOGIPORT Shinmoriya LOGIPORT Sakai Minamijimacho LOGIPORT Sakai Chikko Shinmachi LOGIPORT Osaka Taisho Number of operating days in 21st period 184 184 184 184 184 (i) Total real estate leasing revenues 847,300 514,797 Rental revenues 779,460 477,625 Other rental revenues 67,840 37,172 (ii) Total real estate leasing expenses 267,388 213,624 Outsourcing costs 26,185 Not disclosed (Note) Not disclosed (Note) Not disclosed (Note) 21,122 Utilities expenses 36,499 30,396 Taxes and public dues 87,467 54,518 Insurance premiums 1,553 1,026 Repair and maintenance 3,787 4,306 Depreciation 108,109 73,161 Other leasing expenses 3,785 29,092 (iii) Real estate leasing profit (= (i) - (ii)) 579,912 155,189 142,662 89,790 301,172 (iv) Rent NOI (= (iii) + Depreciation) 688,022 190,083 174,584 114,394 374,333 Note: Not disclosed because approval for disclosure has not been obtained from the tenant. - 41 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 44
(Unit: thousand yen) Property number Osaka-5 Osaka-6 Osaka-7 Osaka-8 Other-1 Name of property LOGIPORT Amagasaki LOGIPORT Sakai LOGIPORT Osaka Bay LOGIPORT Kyoto Aisai Logistics Center Number of operating days in 21st period 184 184 184 184 5 (i) Total real estate leasing revenues 1,694,343 398,979 1,036,535 Rental revenues 1,598,964 377,480 979,780 Other rental revenues 95,379 21,499 56,755 (ii) Total real estate leasing expenses 612,268 162,529 367,888 Outsourcing costs 60,697 18,164 26,187 Not disclosed (Note) Not disclosed (Note) Utilities expenses 81,357 22,259 43,369 Taxes and public dues 180,193 40,764 106,736 Insurance premiums 3,744 1,550 2,242 Repair and maintenance 21,199 19,223 17,462 Depreciation 253,776 55,818 152,413 Other leasing expenses 11,300 4,747 19,476 (iii) Real estate leasing profit (= (i) - (ii)) 1,082,074 236,450 668,647 172,858 (5,372) (iv) Rent NOI (= (iii) + Depreciation) 1,335,851 292,268 821,061 221,684 (2,253) Note: Not disclosed because approval for disclosure has not been obtained from the tenant. - 42 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 45
(Unit: thousand yen) Property number Other-2 Other-3 TotalName of property Kariya Logistics Center Inuyama Logistics Center Number of operating days in 21st period 5 184 (i) Total real estate leasing revenues 10,772,968 Rental revenues 9,935,527 Other rental revenues 837,441 (ii) Total real estate leasing expenses 3,748,768 Outsourcing costs Not disclosed (Note) Not disclosed (Note) 444,583 Utilities expenses 490,845 Taxes and public dues 1,019,972 Insurance premiums 23,544 Repair and maintenance 189,675 Depreciation 1,446,841 Other leasing expenses 133,306 (iii) Real estate leasing profit (= (i) - (ii)) (6,930) 51,582 7,024,199 (iv) Rent NOI (= (iii) + Depreciation) (1,616) 66,634 8,471,040 Note: Not disclosed because consent for disclosure has not been obtained from the tenant. - 43 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026
Page 46
Property number Property name Location Purpose Expected timing Estimated work costs (million yen) (Note) Total amount Current payment amount Total amount paid Osaka-5 LOGIPORT Amagasaki Amagasaki city, Hyogo Air conditioning equipment replacement work (phase 2) From October 2026 to December 2026 113 - - Osaka-5 LOGIPORT Amagasaki Amagasaki city, Hyogo Air conditioning equipment replacement work (phase 3) From March 2027 to June 2027 102 - - Tokyo-5 LOGIPORT Nagareyama B Nagareyama city, Chiba Fire alarm system upgrade work From March 2027 to August 2027 100 - - Tokyo-3 LOGIPORT Kitakashiwa Kashiwa city, Chiba Air conditioning equipment installation work From September 2026 to February 2027 61 - - (2) Capital Expenditures on Portfolio Assets A) Planned capital expenditures (Note) All amounts are rounded down to the nearest million yen. Property number Property name Location Purpose Implementation period Amount paid (million yen) (Note) Osaka-5 LOGIPORT Amagasaki Amagasaki city, Hyogo Air conditioning equipment replacement work (phase 1) From March, 2026 to June, 2026 98 Osaka-5 LOGIPORT Amagasaki Amagasaki city, Hyogo Ceiling fan installation work From April, 2026 to April, 2026 65 Other capital expenditures 414 Total 578 B) Capital expenditures during the period A summary of the main projects, treated as capital expenditures, associated with real estate held by LLR that were undertaken during the period is presented below. Capital expenditures were 578 million yen for the period, and there were also 189 million yen in maintenance expenses classified as other operating expenses. C) Funds accumulated for purposes of the long-term repair plans (reserve fund for building repairs) None. - 44 - LaSalle LOGIPORT REIT Fiscal Period Ended August 31, 2026