September 9, 2013

Brief Summary of Kessan Tanshin
Advance Residence Investment Corporation (Securities Code: 3269)
Sixth Fiscal Period (Feburuary 1, 2013 – July 31, 2013) Performance

1. Summary of Key Financial Data
Operating revenues

13,493 million yen

Total assets

410,989 million yen

Operating profit

6,976 million yen

Net assets

195,446 million yen

Recurring profit

5,292 million yen

Net assets per unit

157,617 yen

5,291 million yen

Net asset ratio

47.6 %

4,270 yen

End-of-period LTV

51.2 %Net profit
Earnings per share*DOE

2.9 %FFO per share

6,109 yen

Dividend per unit

4,597 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. Sixth Fiscal Period Highlights■ Earnings per unit* (EPU) increased by 12 yen to 4,267 against the 4,255 yen of last fiscal period. The
increase in epu was achieved even through profits were diluted due to the equity finance carried out
during the period. The 22.4 billion yen public offering was undertaken to procure funds for property
acquisition and to lower the loan to Value (LTV).

■ The dividend for the fiscal period is 4,597 yen, an increase of 92 yen compared to the previous fiscalperiod forecast. The dividend was increased by amount equal to the amount at which the EPU had
beaten the initial earnings guideline of 4,170 yen.

■ The 14 properties acquired during the period have a weighted average appraisal cap yield of 6.0% anda total deal value of 25.9 billion yen.

■ The average portfolio occupancy for the period was 96.6%.
■ 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.
* 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
Seventh Fiscal Period Forecast

Eighth Fiscal Period Forecast(August 1, 2013 to January 31, 2014)(Februaly 1, 2014 to July 31, 2014)

Operating revenues

13,593million yen

Operating revenues

13,683million yen

Operating profit

6,938million yen

Operating profit

6,902million yen

Recurring profit

5,333million yen

Recurring profit

5,333million yen

Net profit

5,332million yen

Net profit

5,332million yen

Earnings per share

4,300yen

Earnings per share

4,300yen

Dividend 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

204

Number of properties

204

Average period occupancy

96.0%

Average period occupancy

96.2%

Eighth Fiscal Period Forecast If the Consumption tax is raised to 8%
Eighth Fiscal Period Forecast(Feburualy 1, 2014 to July 31, 2014)

Operating revenues

13,683million yen

Operating profit

6,849million yen

Recurring profit

5,280million yen

Net profit

5,279million yen

Earnings per share

4,257yen

Dividend per unit

4,500yen

Outstanding no. of issued units

1.24million units

Number of properties

204

Average period occupancy

96.2%* The above forecasts employ figures that have been calculated based on certain premises. The actual net profit andthe 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 September 9, 2013. The direct translation of title of the original report is “Kessan Tanshin” forthe Financial Period Ending July 2013 (Februaly 1, 2013 – July 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