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

8th	Dec	Jan	Feb	Mar	Apr	May
Total	97.8%	98.7%	98.9%	98.6%	98.4%	98.5%
HEP Five (Hankyu Five Building)	100.0%	100.0%	99.7%	100.0%	100.0%	100.0%
Kitano Hankyu Building	98.5%	98.1%	97.8%	93.0%	93.0%	93.0%
Dew Hankyu Yamada (Yamada Nishi Hankyu Bldg.)	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Ueroku F Building	91.0%	91.0%	91.0%	91.0%	87.5%	87.5%
NU chayamachi	93.8%	94.2%	95.0%	93.9%	94.3%	93.4%
Sphere Tower Tennoz	73.8%	73.8%	81.1%	81.1%	81.1%	86.6%
Shiodome East Side Building	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Namba-Hanshin Building		89.6%	89.6%	89.6%	80.9%	80.9%

7th	Jun	Jul	Aug	Sep	Oct	Nov
Total	98.5%	98.2%	98.1%	98.8%	98.8%	98.1%
HEP Five (Hankyu Five Building)	97.5%	94.5%	92.1%	95.8%	99.5%	100.0%
Kitano Hankyu Building	99.4%	99.4%	99.4%	99.4%	99.4%	98.5%
Dew Hankyu Yamada (Yamada Nishi Hankyu Bldg.)	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Ueroku F Building	91.0%	91.0%	91.0%	91.0%	91.0%	91.0%
NU chayamachi	97.9%	96.8%	96.8%	93.8%	93.8%	93.8%
Sphere Tower Tennoz	92.5%	92.5%	92.5%	95.9%	91.9%	80.8%
Shiodome East Side Building	91.6%	91.6%	91.6%	100.0%	100.0%	100.0%
Namba-Hanshin Building