November 14, 2007
JOINT REIT Investment Corporation
Financial Report for the Fiscal Period ended September 30, 2007

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 26, 2007
December 18, 2007

1.Performance for the Fiscal Period ended September 30, 2007
(Note: Amounts less than one million yen have been omitted.)(1) Operating Results

Millions of yen, unless otherwise statedOperating Revenue

4th Fiscal period ended
September 30, 2007
3rd Fiscal period ended
March 31, 2007

Operating Income

2,972

11.6％

1,566

6.9％

1,121

△0.1％

2,662

33.8％

1,465

48.9％

1,122

54.1％

Net Income
Net Income

4th Fiscal period ended
September 30, 2007
3rd Fiscal period ended
March 31, 2007

Unitholders’

Income on(Yen)

Equity (ROE)

Total Assets

OperatingRevenue

2.6％

1.2%

37.7%

1,120

54.0％

13,513

3.1％

1.4%

42.2%

Millions of yen, unless otherwise stated(Yen)

March 31, 2007

per Unit

Ordinary
Income on

13,023

per Unit

3rd Fiscal period ended

Ordinary△0.1％

Distribution

September 30, 2007

Return on

1,120(2) Distributions

4th Fiscal period ended

Ordinary Income

Distribution

Total

Total

in Excess ofDistributions

Distribution

Distributions

Earnings perin Excess ofUnit (Yen)

Earnings

Payout Ratio

Ratio toUnitholders’Equity13,023

1,119

−

−

99.9%

2.6%

13,035

1,121−−

100.0%

2.6%

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

1(3) Financial Position

Millions of yen, unless otherwise statedTotal Assets

4th Fiscal period ended
September 30, 2007
3rd Fiscal period ended
March 31, 2007

Total Unitholders’

Unitholders’ Equity toEquity

Total Assets

Unitholders’ Equity
per Investment Unit
(Yen)

90,25943,41748.1%

504,855

89,55343,41848.5%

504,866

Reference:Unitholders’ equity for the 4th Fiscal period ended September 30: 43,417 million yen
And for the 3th Fiscal period ended March 31: 43,418 million yen(4) Cash Flow Position

Millions of yen, unless otherwise statedCash Flows from

Cash Flows fromCash Flows fromOperating Activities

Investing Activities

Financing Activities

4th Fiscal period ended
September 30, 2007
3rd Fiscal period ended
March 31, 2007

Cash and Cash
Equivalents at The
End of The Period

8,309△6,317

△268

7,905

1,662

△20,791

20,8386,181

2.Forecast of Results for the Next Fiscal Period (October 1, 2007 through March 31, 2008)(Note: Amounts less than one million yen have been omitted.)
Millions of yen, unless otherwise statedDistribution in
OperatingOperating

Ordinary

Revenue

IncomeIncomeNet Income

Distribution

Excess ofper Unit (Yen)

Earnings perUnit (Yen)

Fiscal period ending
March 31, 2008

3,187

1,765

1,329

1,328

12,650−

Reference:Estimated net income per unit for the next fiscal period ending March 31, 2008(full business year): ¥12,973

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 arebased on the current information held by the Joint REIT Investment Corporation andcertain assumptions deemed reasonable. The actual operating results may materiallydiffer from the forecast for various reasons. The forecast is not intended to assure theamount of dividends to investors.

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