FINANCIAL REPORT FOR THE FISCAL PERIOD ENDED FEBRUARY 28, 2007
(From September 1, 2006 to February 28, 2007)
April 19, 2007
Name of Issuer of Real Estate Investment Trust:LCP Investment Corporation

Stock Exchange Listed:Tokyo Stock Exchange

Code Number:

8980

URL:

http://www.lcp-reit.co.jp

Location of Head Office:Tokyo

Inquiries to:(Asset Management Company)
LCP REIT Advisors Co., Ltd.
Responsible Person: Yuji Kubo
Title: Director, Financial Department
Tel: +81-3-3272-7311

Date of Board Meeting for Settlement of Accounts:

April 19, 2007

Commencement Date of Payment of Dividends:

May 21, 2007 (Scheduled)

1. Performance for the Fiscal Period Ended February 28, 2007
(September 1, 2006 through February 28, 2007)（Note: Amounts less than one million yen have been omitted）(1) Operating Results(Million Yen)

Operating Revenue
Fiscal Period Ended

Operating Income

Ordinary Income

Net Income

1,936

105.0%

999

84.6%

778

126.0%

777 126.9 %

944−

541−

344−

342 −

February 28, 2007
Fiscal Period Ended
August 31, 2006(Yen)Net Income

Return on<Reference>

Ordinary<Reference>

Ordinary Income toper Unit

Unit Holders’(Annualized)

Income(Annualized)

Operating Revenues

Equity (ROE)
Fiscal Period Endedto Total Assets¥13,166

2.9%(5.9%)

1.4%(2.9%)

40.2%¥19,5621.3%(4.7%)

0.7%(2.5%)

36.5%

February 28, 2007
Fiscal Period Ended
August 31, 2006

(Notes)1.

The fiscal period ended February 28, 2007 was from September 1, 2006 through February 28, 2007, a period of181 days. The fiscal period ended August 31, 2006 was from September 20, 2005 through August 31, 2006, aperiod of 346 days. (The effective fiscal period was from May 23, 2006, the date on which actual asset

The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 19, 2007.
LCP Investment Corporation makes no assurance or warranty with respect to the completeness or accuracy of this English
translation. To guarantee complete and accurate information, please refer to the original report in Japanese.

management commenced, through August 31, 2006, a period of 101 days.)2.

Net income per unit is calculated utilizing the average number of investment units for the period.
The average number of investment units for the fiscal period ended February 28, 2007 was 59,300 units.
The average number of investment units for the fiscal period ended August 31, 2006 was 17,522 units.
The net income per unit is ¥5,780 by calculation based on the weighted-average number of investment units(59,300 units) utilizing the effective fiscal period which commenced on May 23, 2006.

3.

Changes in accounting policies: None.

4.

The percentage changes for operating revenue, operating income, ordinary income and net income comparedwith the previous fiscal period have been provided, which are rounded off to the nearest tenth.

5.

Annualized percentage figures for the fiscal period:
The fiscal period ended August 31, 2006 = Figures for the fiscal period/ Actual number of asset management
days (101 days) × 365 days
The fiscal period ended February 28, 2007 = Figures for the fiscal period/ Number of asset management days
(181 days) × 365 days

6.

Return on unit holders’ equity and ordinary income to total assets are calculated utilizing the average of thefiscal period beginning balances and ending balances with unit holders’ equity and total assets. For the fiscal
period ended August 31, 2006, figures are calculated utilizing the beginning balances as of the effective fiscalperiod.

（Total Distribution: Amounts less than one million yen have been omitted）(2) Distributions
Distribution

TotalDistribution inTotal Distributions

PayoutDistribution

Per Unit

Distributions

Excess ofIn Excess ofRatio

Ratio

(Yen)

(million yen)

Earnings per Unit (Yen)

Earnings

toUnitholders’
EquityFiscal Period Ended¥13,166777−−

100.0%

2.9%¥5,780342−−99.9％1.3％

February 28, 2007
Fiscal Period Ended
August 31, 2006
Note: The payout ratio is rounded down to the first decimal place.

(3) Financial Position(Million yen, unless otherwise stated)

Total Assets

Fiscal Period Ended

Total Unit Holders’Unit Holders’ Equity to

Unit Holders’ Equity perEquity

Total Assets

Investment Unit (Yen)57,813

26,98246.7%¥455,011

51,05526,54752.0％¥447,675

February 28, 2007
Fiscal Period Ended
August 31, 2007
Note: The numbers of investment units outstanding as of August 31, 2006 and as of February 28, 2007 are 59,300
The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 19, 2007.
LCP Investment Corporation makes no assurance or warranty with respect to the completeness or accuracy of this English
translation. To guarantee complete and accurate information, please refer to the original report in Japanese.

units.

2. Forecast of Results for the Next Fiscal Period (March 1, 2007 through August 31, 2007)(Million yen, unless otherwise stated)

Fiscal Period Ended

Operating

Ordinary

Revenues

Income3,200

Net Income

1,113

1,112

Distribution

Distribution in Excess ofper Unit (Yen)

Earning per Unit (Yen)¥12,100

August 31, 2007
(Reference) Estimated net income per unit for the next fiscal period ending August 31, 2007: ¥12,100Note: Forecasts presented in this document are based on certain assumptions. Forecasts for net income, distribution
per unit and other financial indicators may differ significantly from actual results due to additional acquisitions andselling of properties, changes in the real estate market, changes in operating conditions, and a variety of factors
surrounding LCP Investment Corporation. Accordingly, the LCP Investment Corporation does not guarantee actual
results and the payment of the forecast distribution amount.

The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 19, 2007.
LCP Investment Corporation makes no assurance or warranty with respect to the completeness or accuracy of this English
translation. To guarantee complete and accurate information, please refer to the original report in Japanese.

¥−