Quanta Tennyson Street Office Trust - IM

INVESTMENT SUMMARY

FORECAST INCOME AND DISTRIBUTION STATEMENT

Year 1

Year 2

Year 3

Year 4

Year 5

Revenue

Gross Rent

$683,731

$707,928

$726,772

$746,847

$767,490

Outgoings

($119,923)

($123,131)

($126,427)

($129,812)

($133,288)

Net Property Income

$563,808

$584,797

$600,345

$617,035

$634,202

Expenses

Interest Costs^

$182,527

$173,679

$165,557

$155,576

$156,948

Trust Management Fee*

$37,000

$38,500

$41,500

$38,500

Trust Expenses (Cost Recovery)*

$15,000

Total Expenses

$182,527

$225,679

$219,057

$212,076

$210,448

Distributable Funds

Net Operating Income

$381,281

$359,118

$381,288

$404,960

$423,754

Investor Equity

$4,450,000

Return on Net Operating Income

8.57%

8.07%

8.57%

9.10%

9.52%

Retention & Contingency

$14,156

($8,007)

$3,038

$4,460

$12,129

Forecast Distribution

$367,125

$378,250

$400,500

$411,625

Forecast Return on Equity

8.25%

8.50%

9.00%

9.25%

The above forecast income and distribution statement is to be read conjunction with Section 3: Financial Information and Section 7: Key Risks . ^The interest cost is based on a forecast drawn LVR between 50%-55% during the 5-year investment horizon. Refer to assumption 1 in the Forecast Income and Distribution Statement on Page 23. *Refer to assumption 5 in the Forecast Income and Distribution Statement within Section 3: Financial Information .

QUANTA TENNYSON STREET OFFICE TRUST | Information Memorandum