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

10th	Dec	Jan	Feb	Mar	Apr	May
Total	98.6%	98.5%	98.4%	98.3%	98.3%	98.4%
HEP Five (Hankyu Five Building)	99.2%	98.8%	96.3%	99.2%	100.0%	100.0%
Kitano Hankyu Building	92.5%	92.5%	92.5%	92.5%	92.5v	92.5%
Dew Hankyu Yamada (Yamada Nishi Hankyu Bldg.)	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Ueroku F Building	96.6%	92.1%	92.1%	84.8%	84.8%	84.8%
NU chayamachi	95.0%	93.3%	93.3%	92.7%	91.3%	91.7%
Sphere Tower Tennoz	98.4%	97.8%	98.4%	98.4%	100.0%	99.7%
Shiodome East Side Building	93.1%	93.1%	93.1%	93.1%	93.1%	93.1%
Namba-Hanshin Building	80.4%	78.9%	80.4%	77.6%	77.6%	77.6%

9th	Jun	Jul	Aug	Sep	Oct	Nov
Total	98.7%	98.8%	98.7%	98.8%	98.9%	98.7%
HEP Five (Hankyu Five Building)	100.0%	100.0%	99.5%	100.0%	99.7%	99.6%
Kitano Hankyu Building	93.0%	93.0%	93.2%	92.5%	92.5%	92.5%
Dew Hankyu Yamada (Yamada Nishi Hankyu Bldg.)	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Ueroku F Building	87.5%	87.5%	87.5%	86.6%	96.6%	96.6%
NU chayamachi	95.4%	95.4%	92.4%	94.3%	95.1%	96.6%
Sphere Tower Tennoz	94.4%	98.4%	98.4%	98.4%	98.4%	98.4%
Shiodome East Side Building	100.0%	100.0%	100.0%	100.0%	100.0%	93.1%
Namba-Hanshin Building	78.1%	78.1%	78.1%	78.1%	78.1%	78.1%