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This English translation is provided for information purposes only . If any discrepancy is identified between this translation and the Japanese original , the Japanese original shall prevail . August 25 , 2021 Midterm Financial Report for the Fiscal Year Ending December 31 , 2021 ( January 1 , 2021 - June 30 , 2021 ) Japan Hotel REIT Investment Corporation Listing : Tokyo Stock Exchange Securities code : URL : 8985 https://www.jhrth.co.jp/en/ Representative : Kaname Masuda , Executive Director Asset Management Company : Representative : Contact : Japan Hotel REIT Advisors Co. , Ltd. Hisashi Furukawa , Representative Director and President Noboru Itabashi , Managing Director , Director of the Board , Head of Operations Division Phone : + 81-3-6422-0530 Scheduled date to file midterm Securities Report : September 22 , 2021 Preparation of supplementary material on midterm financial report : Schedule for presentation of midterm financial results : Yes Yes ( Institutional investors and analysts only ) ( Amounts are rounded down to the nearest million yen ) 1. Status summary of operation and assets for the midterm of the fiscal year ending December 31 , 2021 ( January 1 , 2021 - June 30 , 2021 ) ( 1 ) Operating results Operating income ( Percentages : full year - changes from the previous year , midterm period - changes from the previous midterm period ) Operating revenue Ordinary profit ( loss ) Net income ( loss ) Midterm period ended JPY1M % JPY1M % June 30 , 2021 4,589 ( 17.1 ) ( 699 ) JPY1M ( 1,488 ) % JPY1M % ( 1,488 ) June 30 , 2020 5,536 ( 56.5 ) 325 ( 95.5 ) ( 550 ) ( 551 ) Fiscal year ended December 31 , 2020 13,838 ( 51.1 ) 3,176 ( 81.5 ) 1,398 ( 90.9 ) 1,527 ( 90.0 ) Midterm period ended June 30 , 2021 June 30 , 2020 Fiscal year ended Net income for current midterm period per unit JPY ( 333 ) ( 123 ) 342 December 31 , 2020 ( Note ) Net income for current midterm period per unit is calculated based on the period - average number of investment units issued . ( 2 ) Financial position Total assets Net assets Equity ratio Net assets per unit Midterm period ended JPY1M JPY1M % JPY June 30 , 2021 395,554 218,306 55.2 48,870 June 30 , 2020 398,827 219,427 55.0 49,173 Fiscal year ended December 31 , 2020 400,296 49,570 ( Note ) Net assets per unit are calculated based on the total number of investment units issued and outstanding at the end of the midterm period / full year . 221,201 55.3 - 1 -