September 14, 2018

Financial Results for the Fiscal Period Ended July 31, 2018
Name: Comforia Residential REIT, Inc
Listed Stock Exchange: Tokyo Stock Exchange
Security Code: 3282
URL: http://comforia-reit.co.jp/english/
Representative: Takehiro Izawa, Executive Director
Asset Management Company: TLC REIT Management Inc.
Representative: Hiroyuki Tohmata, President & CEO
Inquiries: Kentaro Yoshikawa, General Manager of Strategy Department, Comforia Management Division
TEL: +81-3-5770-5710
Scheduled Issue Date of Securities Report: October 30, 2018
Scheduled Commencement Date of Cash Distribution: October 17, 2018Supplementary Presentation Material on Financial Results: Yes
Presentation Meeting of Financial Results: Yes (for institutional investors and analysts)(Figures less than one million yen are rounded down)

1. Results of Operating and Assets for the Fiscal Period Ended July 31, 2018 (February 1, 2018 - July 31, 2018)(1) Operating Results
Operating Revenue
Million yen%
Period Ended
Jul. 31, 2018
Period Ended
Jan. 31, 2018

Operating Profit
Million yen(Percentages show changes compared to the previous period)
Ordinary Profit
Profit%Million yen%
Million yen%

8,147( 10.7)

3,703( 16.9)

3,204( 19.6)

3,191( 19.3)

7,357( 1.1)

3,168( 2.3)

2,680( 2.5)

2,674( 2.5)

Return on Equity
(ROE)

%

Ordinary Profit toOperating Revenue Ratio
%

5,437

3.2

1.5

39.3

4,744

2.7

1.3

36.4

Profit Per Unit
Yen
Period Ended
Jul. 31, 2018
Period Ended
Jan. 31, 2018

Return on Assets(ROA)%(2) Cash Distributions
Cash
Distribution
Per Unit(excluding CashDistribution in
Excess of Profit)
Yen

Total CashDistributions

Cash
Distribution
in Excess ofProfit
Per Unit

Total CashDistributions
in Excess ofProfit

Payout RatioDistribution
Ratio
to Net Asset

Million yen
Yen
Million yen%%Period Ended
4,985
2,926
0091.6
2.9
Jul. 31, 2018
Period Ended
4,788
2,69800100.9
2.8
Jan. 31, 2018
Note1: The difference of Profit and Total Cash Distributions for the period ended July 31, 2018 is caused by the reversal of reserve for
reduction entry (19 million yen) and subtracting the provision of reserve for reduction entry (285 million yen).
Note2: The difference of Profit and Total Cash Distributions for the period ended January 31, 2018 is caused by the reversal of reserve for
reduction entry (24 million yen).
Note3: Payout ratio is calculated as follows :Payout ratio ＝ Total distributions ÷ Profit ×100 （Payout ratio is rounded down to the first decimal place）(3) Financial Position

Period Ended
Jul. 31, 2018
Period Ended
Jan. 31, 2018

Total Assets
Million yen

Net Assets
Million yen

Capital Adequacy Ratio%

Net Assets Per Unit
Yen

219,211103,04347.0

175,544

206,171

97,29447.2

172,601- 1 -(4) Cash Flows

Million yen

Million yen

Million yen

Cash andCash Equivalents
at End of Period
Million yen

6,038△ 15,934

9,339

13,488△ 1,618

14,043

Cash Flows fromOperating Activities
Period Ended
Jul. 31, 2018
Period Ended
Jan. 31, 2018

3,997

Cash Flows from
Investing Activities

Cash Flows from
Financing Activities△ 1,514

2. Forecasts of Financial Results for the Fiscal Period Ending Jan 31, 2019 (August 1, 2018 - Jan 31, 2019)(Percentages show changes compared to the previous period)
CashDistribution
CashPer Unit
Distribution
OperatingOperating Profit
Ordinary Profit
Profit(excluding Cashin Excess ofRevenue
ProfitDistribution
in Excess ofPer Unit
Profit)Million yen (%) Million yen (%) Million yen (%) Million yen (%)
Yen
YenPeriod Ended
7,807 (△4.2)
3,411 (△7.9)
2,882 (△10.1)
2,875 (△9.9)
Jan. 31, 2019
(Reference) Forecast of profit per unit (fiscal period ending Jan 31, 2019) is 4,898 yen.

4,9500(Note) Cash distributions per unit for the fiscal period ending January 31, 2019 is calculated based on the amount obtained by adding thereversal of reserve for reduction entry (30 million yen) to the profit.

3. Others(1) Changes in accounting policies, changes in accounting estimates, and retrospective restatementa. Changes in accounting policies due to reversions in accounting standard: Noneb. Changes not mentioned in a. above: Nonec. Changes in accounting estimates: None
d. Retrospective Restatement: None
(2) The number of investment units issued
a. The number of investment units issued at end of period (including treasury units)
Fiscal Period Ended Jul.31, 2018
: 586,994 units
Fiscal Period Ended Jan.31, 2018
: 563,694 units
b. The number of treasury units at end of period
Fiscal Period Ended Jul.31, 2018
: 0 units
Fiscal Period Ended Jan.31, 2018
: 0 units(Note) Profit per unit is calculated by dividing profit by the weighted average number of investment unit.
*Status of audit proceduresThis material is outside the scope of audit procedures based on the Financial Instruments and Exchange Act ofJapan (Act No. 25 of 1948, including subsequent revisions, hereinafter referred to as the “Financial Instruments andExchange Act”). As of the time of disclosing this material, audit procedures for the financial statements based on theFinancial Instruments and Exchange Act are incomplete.
*Appropriate use of forecasts of financial results and other special items
Forward-looking statements in this material including forecasts of financial results are based on information
currently available to us and on certain assumptions we deem to be reasonable. Therefore, actual operating andother results may differ materially due to various factors. In addition, the forecasts do not guarantee the payment ofthe amount.
This material is a translated excerpt from Brief Announcement on the Financial Result (“Kessan Tanshin”) in Japanese released
today, and is for reference purposes only. If any discrepancies arise between this material and the original Japanese version, the later
will prevail.

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