Actual Distributions

22nd fiscal period ended January 31, 2023   4,257 yen per unit

• The calculation period is from August 1, 2022 to January 31, 2023.
• Only the unitholders of record as of January 31, 2023 are eligible to receive the cash distribution.
• Distribution payments are planned to begin in April 17, 2023.

Forecast Distributions

23rd fiscal period ending July 31, 2023   4,140 yen per unit

• The cash distribution forecast above is a forecast of the future as of March 15, 2023 calculated based on certain assumptions. Accordingly, the actual cash distribution may differ from the forecast due to a variety of reasons, including future acquisitions or sales of real estate and other assets, trends in the real estate market and other markets, and changes in other circumstances surrounding KDR.
• In addition, the forecast should not be construed as a guarantee of the amount of cash distribution.
• Only the unitholders of record as of July 31, 2023 are eligible to receive the cash distribution.
• The final trading day on the Tokyo Stock Exchange to be eligible for cash distributions is July 27, 2023.

24th fiscal period ending January 31, 2024   4,140 yen per unit

• The cash distribution forecast above is a forecast of the future as of March 15, 2023 calculated based on certain assumptions. Accordingly, the actual cash distribution may differ from the forecast due to a variety of reasons, including future acquisitions or sales of real estate and other assets, trends in the real estate market and other markets, and changes in other circumstances surrounding KDR.
• In addition, the forecast should not be construed as a guarantee of the amount of cash distribution.
• Only the unitholders of record as of January 31, 2024 are eligible to receive the cash distribution.
• The final trading day on the Tokyo Stock Exchange to be eligible for cash distributions is January 29, 2024.

Distribution on Merger (former Japan Senior Living Investment Corporation)

Actual Distribution on merger　3,365 yen per unit

• Only the unitholders of record as of February 28, 2018,are eligible to receive distributions on merger.
• The calculation period is from September 1, 2017, to February 28, 2018.
• JSL was delisted on the Tokyo Stock Exchange on February 26, 2018.
• Distribution on merger payments are planned to begin in March 18, 2018.

• KDR implemented a two-for-one split of the investment units of Kenedix Residential Investment Corporation as of the record date of February 28, 2018 (Effective date on March 1, 2018).Actual distributions per unit was divided by two for the periods before the split of investment units in the graph.