November 16, 2009

JOINT REIT Investment Corporation
Financial Report for the Fiscal Period ended September 30, 2009

Head Office:Stock Exchange Listing:
URL:
Inquiries:

Tokyo
Tokyo Stock Exchange (code number 8973)
http://www.joint-reit.co.jp/
Makoto Asamoto
Joint Capital Partners Co., Ltd. (Asset Management Company)
Director & General Manager, Administration+81-3-5759-8848

Name:
Title:
TEL:

Planned date of submissionof the Securities Report:
Planned commencement date ofdistribution payment:

December 25, 2009
December 15, 2009
(Note: Amounts less than one million yen have been omitted.)

1. Performance for the Fiscal Period ended September 30, 2009 (April 1, 2009 through September 30, 2009)(1) Operating Results*Percentages indicate changes over the previous fiscal period.
Operating Revenue

Fiscal period ended
September 30, 2009
Fiscal period ended
March 31, 2009

Operating Income

Ordinary Income

Net Income

Million yen％*

Million yen％*

Million yen％*

Million yen％*

3,391

△1.2

1,685

△0.8

1,075

△5.7

1,074

87.1

3,432

2.1

1,698

0.3

1,140

△2.3574△50.8

Net Income

Return on Unitholders’

Ordinary Income on Total

Ordinary Income onper UnitEquity (ROE)

AssetsOperating Revenue

Fiscal period ended
September 30, 2009
Fiscal period ended
March 31, 2009

Yen％％％

10,262

2.2

1.0

31.7

5,484

1.2

1.1

33.2

(2) Distributions

Fiscal period ended
September 30, 2009
Fiscal period ended
March 31, 2009

Total

Distribution inDistribution

Totalper Unit

Distributions

Distributions in

Excess ofEarnings per Unit

Excess ofDistribution
Payout Ratio

Ratio to
Net Assets

Earnings

YenMillion yen

Yen

Yen％％

10,262

1,074

00100.0

2.2

5,485

57400100.0

1.2

Note: The payout ratio is rounded down to the first decimal place.

1(3) Financial Position
Total Assets

Unitholders’ Equity toNet Assets

Net Assets per Unit

Total Assets

Million yen

Million yen%Yen

105,001

49,77847.4

475,573

104,739

49,27847.0

470,795

Fiscal period ended
September 30, 2009
Fiscal period ended
March 31, 2009

(4) Cash Flow Position
Cash and Cash

Cash Flows from

Cash Flows from

Cash Flows fromOperating Activities

Investing Activities

Financing Activities

Equivalents at the End of
the Period

Million yen

Million yen

Million yen

Million yen

1,650△195△623

5,342

1,185

△1,150△1,566

4,510

Fiscal period ended
September 30, 2009
Fiscal period ended
March 31, 2009

2. Forecast of Results for the Next Fiscal Period (October 1, 2009 through March 31, 2010)*Percentages indicate changes over the previous fiscal period.
OperatingOperating

Ordinary

Net

Distribution

Revenue

IncomeIncomeIncomeper Unit

Million％*yen

Fiscal period ending
March 31, 2010

3,455

Million

％*

yen

1.9

1,692

Million％*

yen

0.4

1,049

Million

1,046

Excess ofEarnings per Unit

％*

Yen

Yen

△2.6

10,0000yen△2.4

Distribution inReference: Estimated net income per unit for the next fiscal period ending March 31, 2010: 10,000yen

Explanation concerning the Proper Use of the Forecast of Results and Other Issues to be Noted
Descriptions with regard to future issues including the forecast of operating results are based on the current information
held by the Joint Reit Investment Corporation and certain assumptions deemed reasonable. The actual operating results
may materially differ from the forecast for various reasons.
distributions to investors.

2The forecast is not intended to assure the amount of