To our valued investors,

Thanks to your support and our stakeholders, GLP J-REIT was listed on the Real Estate Investment Trust Market of the Tokyo Stock Exchange on December 21, 2012, as the largest real estate investment corporation specializing in logistics facilities in Japan.

The demand for large-scale, highly functional logistics facilities in Japan has been steadily increasing due to the progress of streamlining on logistics operations, the expansion of e-commerce market and the reorganization of supply chain.

Having the GLP Group, a global operator of logistics facilities and related technologies, as a sponsor, GLP J-REIT aims to earn stable income and achieve steady growth in assets under management over the medium to long term by investing in modern logistics facilities mainly in the Tokyo metropolitan area and the Greater Osaka area.

GLP J-REIT will make best effort to maximize our investors’ value, benefiting from the extensive experience of the GLP Group in operating logistics facilities and leveraging its know-how gained through the fund management business expanding globally.

I respectfully ask for your continued support and encouragement in the years to come.