Dear Unitholders,

We would like to express our sincere gratitude for your continued support.

marimo Regional Revitalization REIT, Inc. (“marimo REIT”) was listed on the Tokyo Stock Exchange Real Estate Investment Trust Market in July 2016. Since then, we have invested in and managed properties centering on regional areas as a diversified REIT, thanks largely to the support of our unitholders and other stakeholders. marimo REIT aims to establish a structure serving to create regional societies where people nationwide can live unique lifestyles pleasantly while being hopeful for their region’s future and enabling anyone to take part in regional revitalization through and to enjoy the benefit of investment in marimo REIT.

During the 19th fiscal period, as part of our growth strategy, we utilized funds obtained through property sales conducted in the 18th fiscal period and acquired the Shimotsuma Refrigerated and Frozen Logistics Center in July 2025 for 785 million yen and Artiza Nagasaki Mizube no Mori in August 2025 for 870 million yen. In addition, we acquired the land portion of Yamada Denki Tecc Land Togitsu Store in December 2025 for 166 million yen.
Operating revenue for the period was 2,514 million yen, operating profit was 1,150 million yen, ordinary profit was 834 million yen, net profit for the period was 833 million yen, and the distribution per unit (including excess profit distribution) was 3,206 yen.
Furthermore, at the 6th General Meeting of Unitholders held in September 2025, the addition of healthcare facilities to our target investment assets was approved. Following this, we acquired our first healthcare property, Tsukui Sunforest Mito, in February 2026 for 1,080 million yen using our own funds and short-term borrowings.
Furthermore, we participated in the 2025 GRESB Real Estate assessment, which institutional investors use as an investment benchmark for environmental and energy-saving measures and contributions to local communities. Based on our overall score, we achieved a “1 Star” GRESB Rating, which is assigned on a five-tier global ranking system.

　As a diversified fund investing nationwide, we believe it is crucial to evaluate properties from various angles, including discerning regional locations and exchanging information with leasing agents in each area. Leveraging our strengths built on years of experience, we will continue to identify high-quality properties while steadily aiming to expand our asset base.

　Looking ahead, while the outlook for the Japanese economy remains uncertain, we remain committed to our fundamental principle of “strengthening Japan from the regions.” By building a diversified portfolio centered on regional areas, we will strive to secure “relatively high investment yields” and “stable earnings,” pursue steady growth of our assets under management, and work to enhance unitholder value over the medium to long term. We sincerely request your continued support and encouragement. and encouragement.

December 2025