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 18th fiscal period, as part of our growth strategy, we transferred MRR Omuta and Artiza Kawasaki EAST in May and June 2025, respectively, through asset replacements aimed at enhancing portfolio quality and reducing earnings volatility risk. This realized unrealized gains and returned them to our unitholders. Furthermore, using its own funds, the Fund acquired a logistics facility for 785 million yen in July and a residence for 870 million yen in August. Operating revenue for the period was 3,157 million yen, operating profit was 1,226 million yen, ordinary profit was 919 million yen, net profit for the period was 919 million yen, and the distribution per unit (including excess profit distribution) was 3,697 yen. Furthermore, we participated for the first time in the 2024 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.

September 2025