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

6th	Dec	Jan	Feb	Mar	Apr	May
Total	99.2%	99.2%	98.7%	98.6%	98.4%	98.8%
HEP Five (Hankyu Five Building)	99.6%	99.1%	99.1%	99.1%	97.1%	97.1%
Kitano Hankyu Building	99.4%	99.3%	99.3%	99.4%	99.4%	99.4%
Dew Hankyu Yamada (Yamada Nishi Hankyu Bldg.)	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Ueroku F Building	95.2%	95.2%	95.2%	88.1%	88.1%	91.0%
NU chayamachi	96.5%	96.5%	96.5%	97.9%	97.7%	97.7%
Sphere Tower Tennoz	97.7%	97.7%	97.7%	97.7%	97.8%	97.8%
Shiodome East Side Building			91.6%	91.6%	91.6%	91.6%

5th	Jun	Jul	Aug	Sep	Oct	Nov
Total	98.5%	98.4%	98.4%	98.4%	99.3%	99.3%
HEP Five (Hankyu Five Building)	100.0%	99.8%	99.1%	99.0%	99.3%	100.0%
Kitano Hankyu Building	99.4%	99.4%	99.4%	99.4%	98.9%	99.4%
Dew Hankyu Yamada (Yamada Nishi Hankyu Bldg.)	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Ueroku F Building	67.0%	67.0%	67.0%	67.0%	95.2%	95.2%
NU chayamachi	99.2%	98.3%	98.3%	98.6%	98.4%	96.5%
Sphere Tower Tennoz					97.7%	97.7%
Shiodome East Side Building