FINANCIAL REPORT FOR THE FISCAL PERIOD ENDED February 29, 2008
(From September 1, 2007 to February 29, 2008)
April 15, 2008
Name of Issuer of Real Estate Investment Trust:LCP Investment Corporation

Stock Exchange:

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 15, 2008

Commencement Date of Payment of Dividends:

May 21, 2008 (Scheduled)

1. Performance for the Fiscal Period Ended February 29, 2008
(September 1, 2007 through February 29, 2008)（Note: Amounts less than one million yen have been omitted）(1) Operating Results(Million Yen)
Operating Revenue

Operating Income

Ordinary Income

Fiscal Period EndedFebruary 29, 2008

3,571

7.7%

1,986

13.9%

1,437

16.6%

3,316

71.2％

1,744

74.5%

1,233

58.4%

Fiscal Period Ended
August 31, 2007(Yen)
Return on

Ordinary

Unit Holders’

IncomeEquity (ROE)to Total Assets

Net Income
Net Income

Ordinary Income toper Unit

Operating Revenues

Fiscal Period Ended
February 29, 2008

1,435

16.5%

¥15,637

3.4%

1.4%

40.3%

1,232

58.5 %¥14,190

3.6%

1.5%

37.2%

Fiscal Period Ended
August 31, 2007

(Notes)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 29, 2008 was 91,800 units.
The average number of investment units for the fiscal period ended August 31, 2007 was 86,854 units.

The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 15, 2008
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.

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

Total

Distribution in

Total Distributions

PayoutDistribution

Per Unit

Distributions

Excess of

In Excess ofRatio

Ratio(Yen)(million yen)

Earnings per Unit (Yen)

EarningstoUnit

holders’
EquityFiscal Period EndedFebruary 29, 2008

¥15,637

1,435－－

100.0%

3.4%¥13,4251,232－－

100.0%

3.0%

Fiscal Period Ended
August 31, 2007

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

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

Total Assets

Total Unit Holders’Unit Holders’ Equity to

Unit Holders’ Equity perEquity

Total Assets

Investment Unit (Yen)

Fiscal Period Ended
101,516

41,75841.1%¥454,888

102,182

41,55540.7%¥452,675

February 29, 2008
Fiscal Period Ended
August 31, 2007
Note: Shareholders’ equity of February 29, 2008 is 41,758 million yen.
Shareholders’ equity of August 31, 2007 is 41,555 million yen.

(4) Cashflow Results(Million yen, unless otherwise stated)

Cash flow from

Cash flow from

Cash flow from

Cash and cash equivalents

operating activities

investing activities

Financing activities

at end of year

Fiscal Period Ended
5,079△3,322△1,972

4,909

5,558

△45,808

41,9685,124

February 29, 2008
Fiscal Period Ended
August 31, 2007

2. Forecast of Results for the Next Fiscal Period (March 1, 2008 through August 31, 2008)(Million yen, unless otherwise stated)
OperatingOrdinaryRevenues

IncomeNet Income

Distribution

Distribution in Excess ofper Unit (Yen)

Earning per Unit (Yen)

Fiscal Period Ended
3,368

1,021

1,020

¥11,100

August 31, 2008
(Reference) Estimated net income per unit for the next fiscal period ending August 31, 2008: ¥11,100

The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 15, 2008
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.

¥－3. Oters(1) Changes in accounting policies① Changes due to accounting standards : None
② Other changes : None(2)Investment units outstanding① Investment units outstanding (including units owned by PRI) at fiscal period-ends:
91,800 units as of February 29,2008; 91,800 unite as of August 31,2007② Investment units owned by LCP at fiscal period-ends:
0 units as of February 29,2008; 0 units as of August 31,2007

The information above is translated from the first page of the Japanese “Kessan Tanshin” report, dated April 15, 2008
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.