September 15, 2017

Financial Results for the Fiscal Period Ended July 31, 2017
Name: Comforia Residential REIT, Inc
Listed Stock Exchange: Tokyo Stock Exchange
Security Code: 3282
URL: http://comforia-reit.co.jp/english/
Representative: Takehiro Izawa, Executive Director
Asset Management Company: TLC REIT Management Inc.
Representative: Hiroyuki Tohmata, President & CEO
Inquiries: Kentaro Yoshikawa, General Manager of Strategy Department, Comforia Management Division
TEL: +81-3-5770-5710
Scheduled Issue Date of Securities Report: October 30, 2017
Scheduled Commencement Date of Cash Distribution: October 13, 2017Supplementary Presentation Material on Financial Results: Yes
Presentation Meeting of Financial Results: Yes (for institutional investors and analysts)(Figures less than one million yen are rounded down)

1. Results of Operating and Assets for the Fiscal Period Ended July 31, 2017 (February 1, 2017 - July 31, 2017)(1) Operating Results(Percentages show changes compared to the previous period)
Operating Revenue
Million yen%
Period Ended
Jul. 31, 2017
Period Ended
Jan. 31, 2017

Operating Profit
Million yen%

Ordinary Profit
Million yen%

ProfitMillion yen%

7,276

( 9.0)

3,098( 11.1)

2,613( 11.6)

2,608( 11.7)

6,674( 2.2)

2,788( 1.5)

2,341

( 1.2)

2,335( 1.4)

Return on Equity(ROE)

Profit Per Unit
Yen
Period Ended
Jul. 31, 2017
Period Ended
Jan. 31, 2017

Return on Assets
(ROA)
%%

Ordinary Profit toOperating Revenue Ratio
%

4,629

2.9

1.3

35.9

4,548

2.7

1.3

35.1

(2) Cash Distributions
Cash
Distribution
Per Unit(excluding CashDistribution
in Excess ofProfit)
Yen

Total CashDistributions

Cash
Distribution
in Excess ofProfit
Per Unit

Total CashDistributions
in Excess ofProfit

Payout Ratio

DistributionRatio
to Net Asset

Million yen
Yen
Million yen%%Period Ended
4,681
2,63800101.1
2.8
Jul. 31, 2017
Period Ended
4,549
2,33500100.0
2.7Jan. 31, 2017
Note1: The difference of Profit and Total Cash Distributions is caused by The Reversals of Reserve for reduction entry of property(totaling 30 million yen).
Note2: Payout ratio is calculated as follows :Payout ratio ＝ Total distributions ÷ Profit ×100 （Payout ratio is rounded down to the first decimal place）- 1 -(3) Financial Position
Total AssetsMillion yen
Period Ended
Jul. 31, 2017
Period Ended
Jan. 31, 2017

Net Assets
Million yen

Capital Adequacy Ratio%

Net Assets Per Unit
Yen

205,121

97,25847.4

172,537

183,90285,171

46.3

165,863

Cash Flows fromOperating Activities

Cash Flows from
Investing Activities

Cash Flows from
Financing Activities(4) Cash Flows

Period Ended
Jul. 31, 2017
Period Ended
Jan. 31, 2017

Cash andCash Equivalents
at End of Period
Million yen

Million yen

Million yen

Million yen

3,926△ 20,297

17,904

13,1803,694△ 4,129

1,344

11,646

2. Forecasts of Financial Results for the Fiscal Period Ending January 31, 2018 (August 1, 2017 - January 31, 2018)(Percentages show changes compared to the previous period)
CashCashDistribution
Distribution
Per Unit
Operatingin Excess ofOrdinary Profit
Profit(excluding CashOperating Profit
Revenue
ProfitDistribution
Per Unitin Excess ofProfit)
Million yen (%) Million yen (%) Million yen (%) Million yen (%)
YenYenPeriod Ended
3,133 ( 1.1)
2,626 ( 0.5)
2,619 ( 0.4)
7,271 ( △0.1)
Jan. 31, 2018
(Reference) Forecast of profit per unit (fiscal period ending January 31, 2018) is 4,647 yen.

4,6900(Note) Cash distributions per unit for the fiscal period ending January 31, 2018 is calculated based on profit and the reversals of reserve for
reduction entry of property totaling 24 million yen.

3. Others(1) Changes in accounting policies, changes in accounting estimates, and retrospective restatementa. Changes in accounting policies due to reversions in accounting standard: Noneb. Changes not mentioned in a. above: Nonec. Changes in accounting estimates: None
d. Retrospective Restatement: None
(2) The number of investment units issued
a. The number of investment units issued at end of period (including treasury units)
Fiscal Period Ended July 31, 2017: 563,694 units
Fiscal Period Ended January 31, 2017: 513,504 units
b. The number of treasury units at end of period
Fiscal Period Ended July 31, 2017: 0 units Fiscal Period Ended January 31, 2017: 0 units(Note) Profit per unit is calculated by dividing profit by the weighted average number of investment unit.
*Status of audit proceduresThis material is outside the scope of audit procedures based on the Financial Instruments and Exchange Act ofJapan (Act No. 25 of 1948, including subsequent revisions, hereinafter referred to as the “Financial Instruments andExchange Act”). As of the time of disclosing this material, audit procedures for the financial statements based on theFinancial Instruments and Exchange Act are incomplete.
*Appropriate use of forecasts of financial results and other special items
Forward-looking statements in this material including forecasts of financial results are based on information
currently available to us and on certain assumptions we deem to be reasonable. Therefore, actual operating andother results may differ materially due to various factors. In addition, the forecasts do not guarantee the payment of- 2 -the amount.
This material is a translated excerpt from Brief Announcement on the Financial Result (“Kessan Tanshin”) in Japanese released
today, and is for reference purposes only. If any discrepancies arise between this material and the original Japanese version, the later
will prevail.

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