March 15, 2013

Brief Summary of Kessan Tanshin
Advance Residence Investment Corporation (Securities Code: 3269)
Fifth Fiscal Period (August 1, 2012 – January 31, 2013) Performance

1. Summary of Key Financial Data
Operating revenues

12,194 million yen

Total assets

383,476 million yen

Operating profit

6,420 million yen

Net assets

172,640 million yen

Recurring profit

4,681 million yen

Net assets per unit

156,945 yen

Net profit

4,681 million yen

Net asset ratio

45.0 %

Earnings per share*

4,255 yen

End-of-period LTV

53.8 %ROE

5.4 %FFO per share6,152 yen

Dividend per unit

4,505 yen

The earnings per share is calculated by dividing the net profit by the average number of outstanding issued
units during the fiscal period.

2. Fifth Fiscal Period Highlights■ Earnings per unit* (EPU) increased by 63 yen to 4,255 against the 4,192 yen of last fiscal period.
■ The dividend for the fiscal period is 4,505 yen, an increase of 5 yen compared to the fifth fiscal period
forecast. The dividend was increased by amount equal to the amount at which the EPU had beaten theinitial earnings guideline.

■ The average portfolio occupancy for the period was 95.9%.
■ The fund continued to strengthen its financial position by reducing interest expense, lengthening anddiversifying debt maturities, and increasing the ratio of fixed rate interest debts.

■ Launched a public offering of 22.4 billion yen with an intent to acquire 12 properties valued at 21.6
billion yen with an average NOI yield of 5.9% on January 8, 2013. The acquisitions of the 12
properties have concluded by March 1, 2013.

* The earnings per unit is calculated by dividing the net profit by the number of outstanding issued units at
the end of the fiscal period.

3. Earnings Forecasts
Sixth Fiscal Period Forecast

Seventh Fiscal Period Forecast(February 1, 2013 to July 31, 2013)(August 1, 2013 to January 31, 2014)

Operating revenues

13,279million yen

Operating revenues

13,354million yen

Operating profit

6,847million yen

Operating profit

6,834million yen

Recurring profit

5,172million yen

Recurring profit

5,271million yen

Net profit

5,171million yen

Net profit

5,270million yen

Earnings per share

4,170yen

Earnings per share

4,250yenDividend per unit

4,500yen

Dividend per unit

4,500yen

Outstanding no. of issued units

1.24million units

Outstanding no. of issued units

1.24million units

Number of properties

202

Number of properties

202

Average period occupancy

96.1%

Average period occupancy

95.7%* The above forecasts employ figures that have been calculated based on certain premises. The actual
net profit and the dividend may vary due to changes in those premises or in other conditions.
Therefore, these forecasts do not in no way guarantee the dividend amounts for the respective periods.

This document is an English-language summary of the Japanese financial report “Kessan Tanshin” publishedin Japanese on March 15, 2013. The direct translation of title of the original report is “Kessan Tanshin” for theFinancial Period Ending January 2013 (August 1, 2012 – January 31, 2013).
Please contact below with any inquiries you may have on this report.
AD Investment Management Co., Ltd.
TEL: +81-3-3518-0480 FAX: +81-3-3518-0481
ir@adr-reit.com