Hankyu REIT, Inc.

	Total		HEP Five (Hankyu Five Building)
	Kitano Hankyu Building		Dew Hankyu Yamada (Yamada Nishi Hankyu Bldg.)
	Ueroku F Building		NU chayamachi
	Sphere Tower Tennoz		Shiodome East Side Building
	Namba-Hanshin Building

12th	Dec	Jan	Feb	Mar	Apr	May
Total	98.7%	98.7%	98.7%	98.8%	98.8%	99.0%
HEP Five (Hankyu Five Building)	99.6%	99.6%	98.6%	99.6%	98.0%	98.0%
Kitano Hankyu Building	93.5%	92.3%	93.6%	93.6%	93.6%	93.6%
Dew Hankyu Yamada (Yamada Nishi Hankyu Bldg.)	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Ueroku F Building	89.9%	89.9%	89.9%	89.9%	89.9%	89.9%
NU chayamachi	95.1%	96.7%	96.4%	97.9%	98.6%	98.6%
Sphere Tower Tennoz	97.3%	98.1%	98.1%	98.1%	98.1%	98.1%
Shiodome East Side Building	93.1%	93.1%	93.1%	93.1%	93.1%	93.1%
Namba-Hanshin Building	85.1%	85.1%	85.1%	85.1%	85.1%	93.9%

11th	Jun	Jul	Aug	Sep	Oct	Nov
Total	98.3%	98.3%	98.3%	98.4%	98.6%	98.7%
HEP Five (Hankyu Five Building)	100.0%	100.0%	100.0%	100.0%	99.6%	99.6%
Kitano Hankyu Building	92.5%	92.2%	92.8%	93.5%	93.5%	93.5%
Dew Hankyu Yamada (Yamada Nishi Hankyu Bldg.)	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Ueroku F Building	84.8%	89.3%	89.3%	86.5%	89.9%	89.9%
NU chayamachi	92.2%	92.2%	89.3%	92.3%	94.5%	94.5%
Sphere Tower Tennoz	99.7%	99.7%	99.7%	99.7%	98.1%	98.1%
Shiodome East Side Building	93.1%	93.1%	93.1%	93.1%	93.1%	93.1%
Namba-Hanshin Building	74.2%	74.2%	74.2%	75.3%	79.3%	85.1%