Daiwa House REIT

TSE code : 8984

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Unitholders' Capital and Major Unitholders

Unitholders' Capital

(As of February 28, 2026)

Total Unitholders' Capital (yen) 268,042,601,360
Number of investment units authorized (units) 16,000,000
Number of investment units issued and outstanding (units) 4,539,845

Changes in the number of investment units issued and outstanding and total unitholders' capital in the past five years are shown in the table below.

Date Event Number of investment units issued and outstanding
(units)
Total unitholders' capital
(thousand yen)
Remarks
Amount of increase Balance Amount of increase Balance
September 1, 2021 Capital increase through public offering 115,000 2,311,000 33,643 265,409 (Note 1)
September 28, 2021 Capital increase through third-party allotment 9,000 2,320,000 2,632 268,042 (Note 2)
July 31, 2024 Cancellation -11,784 2,308,216 268,042 (Note 3)
November 29, 2024 Cancellation -12,977 2,295,239 268,042 (Note 4)
September 1, 2025 Split of investment units 2,295,239 4,590,478 268,042 (Note 5)
January 30, 2026 Cancellation -50,633 4,539,845 268,042 (Note 6)
(Note 1) Investment units were issued by public offering with an issue price of ¥301,791 per unit (paid-in amount: ¥292,552) in order to raise funds for the acquisition of new properties, etc.
(Note 2) Additional investment units were issued with a paid-in amount of \292,552 per unit in order to raise funds for the acquisition of new properties, etc.
(Note 3) Between April 17, 2024 and July 12, 2024, DHR repurchased its investment units through market purchases on the Tokyo Stock Exchange based on a discretionary trading agreement pertaining to the repurchase of investment units with a securities company. In accordance with a resolution passed at a meeting of the Board of Directors of DHR held on July 26, 2024, all the repurchased investment units (11,784 units) were cancelled on July 31, 2024. In addition, because the funds for the repurchase of investment units were deducted from capital surplus, there was no change in unitholders’ capital.
(Note 4) Between October 18, 2024 and November 15, 2024, DHR repurchased its investment units through market purchases on the Tokyo Stock Exchange based on a discretionary trading agreement pertaining to the repurchase of investment units with a securities company. In accordance with a resolution passed at a meeting of the Board of Directors of DHR held on November 25, 2024, all the repurchased investment units (12,977 units) were cancelled on November 29, 2024. In addition, because the funds for the repurchase of investment units were deducted from capital surplus, there was no change in unitholders’ capital.
(Note 5) Effective September 1, 2025, a 2-for-1 split of investment units was implemented.
(Note 6) Between October 20, 2025 and December 30, 2025, DHR repurchased its investment units through market purchases on the Tokyo Stock Exchange based on a discretionary trading agreement pertaining to the repurchase of investment units with a securities company. In accordance with a resolution passed at a meeting of the Board of Directors of DHR held on January 28, 2026, all the repurchased investment units (50,633 units) were cancelled on January 30, 2026. In addition, because the funds for the repurchase of investment units were deducted from capital surplus, there was no change in unitholders’ capital.

Major Unitholders

(As of February 28, 2026)

Name Number of Units Held
(units)
Percentage of Total
(%)
Custody Bank of Japan, Ltd. (Trust Account) 1,100,012 24.2
The Master Trust Bank of Japan, Ltd. (Trust Account) 775,461 17.1
Daiwa House Industry Co., Ltd. 262,400 5.8
The Nomura Trust and Banking Co., Ltd. (Investment Trust Account) 229,213 5.0
JP Morgan Securities Japan Co., Ltd. 67,571 1.5
STATE STREET BANK AND TRUST COMPANY 505001 64,960 1.4
JP MORGAN CHASE BANK 385781 62,668 1.4
STATE STREET BANK AND TRUST COMPANY 505103 58,771 1.3
SMBC Nikko Securities Inc. 51,285 1.1
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. 50,143 1.1
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