1. Japan Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
Sekisui House Reit. Inc.

Sekisui House Reit. Inc.

475.66
USD
-99.88
(-17.35%)
Dec 21Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2,328.63
2,247.13
2,353.38
5,904.22
6,308.12
6,859.25
7,542.31
6,973.41
7,252.37
9,512.71
9,057.06
- -
Basic EPS, GAAP
1,257.96
1,280.05
1,350.43
3,516.63
3,101.1
3,260.76
3,642.86
3,183.89
3,198.15
3,442.3
4,564.34
- -
Free Cash Flow per Basic Share
-63,748.41
-6,156.6
-3,988.76
2,014.87
-17,086.24
2,811.76
5,649.03
-2,411.2
5,427.56
17,830.73
20,109.5
- -
Dividend per Share
- -
1,168.64
1,268.3
2,911.48
2,761.17
3,296.02
3,359.56
3,481.67
3,486.45
4,070.1
4,242.64
- -
Book Value per Share
28,241.62
28,624.52
29,106.12
65,299.82
66,732.28
66,747.85
67,070.45
67,211.24
66,924.13
67,250.59
66,827.81
66,827.81
Tangible Book Value per Share
28,239.71
28,623.23
29,105.31
64,626.01
66,153.74
66,181.49
66,516.11
65,833.08
65,567.15
65,919.73
65,490.08
65,490.08
Basic Weighted Avg Shares
2
3
4
3
4
4
4
4
4
4
4
- -
Sales/Revenue/Turnover
5,488
7,527
8,725
16,830
27,053
29,417
32,346
30,554
31,852
41,680
38,981
- -
Operating Margin (%)
70.53
65.68
65.24
57.81
54.91
53.52
53.8
51.4
49.77
50.8
56.63
- -
Depreciation Expense
866
1,210
1,381
2,876
4,561
4,860
4,925
5,065
5,269
5,096
4,708
- -
Net Income, GAAP
2,965
4,288
5,007
10,024
13,300
13,984
15,623
13,950
14,046
15,082
19,645
- -
Effective Tax Rate (%)
0.07
0.04
0.03
0.02
0.01
0.01
0.01
0.01
0.02
0.01
0.01
- -
Profit Margin (%)
54.02
56.96
57.38
59.56
49.16
47.54
48.3
45.66
44.1
36.19
50.4
- -
Working Capital
12,905
10,353
-5,915
5,324
-20,788
-4,316
-7,758
-14,616
-14,082
-16,090
-23,077
-23,077
LT Debt
68,100
77,300
70,400
183,051
201,350
220,232
207,712
219,232
212,697
208,869
225,502
225,502
Total Equity
89,695
102,361
112,815
245,664
286,192
286,259
287,643
294,485
293,227
294,657
287,625
287,625
Return on Invested Capital (%)
- -
2.93
3.02
2.74
3.05
2.95
3.24
2.88
2.87
3.11
3.99
- -
Return on Capital (%)
- -
2.87
2.97
3.43
3.01
2.89
3.18
2.82
2.82
3.06
3.94
- -
Return on Common Equity (%)
- -
4.46
4.65
5.59
5
4.89
5.44
4.79
4.78
5.13
6.75
- -

Capital Structure

JPY

•

in mil. unless spec.
Oct'24
Apr'25
Oct'25
ST Debt
48,373
58,203
40,940
LT Borrowings
208,869
213,239
225,502
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
4
4
Market Capitalization
- -
- -
- -

Working Capital

JPY

•

in mil. unless spec.
Oct'24
Apr'25
Oct'25
Total Current Assets
38,661
27,731
23,001
Cash, Cash Equivalents & STI
14,646
15,270
12,494
Accounts Receivable, Net
685
243
295
Inventories
- -
- -
- -
Total Current Liabilities
54,751
64,660
46,078
Payables & Accruals
- -
- -
- -
ST Debt
48,373
58,203
40,940
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.91%
0.11%
-2.39%
Free Cash Flow
-187.55%
-25.96%
10.78%
Net Income, GAAP
23.87%
7.87%
30.25%
Sales/Revenue/Turnover
24.85%
6.61%
-6.47%
Total Cash Common Dividend
- -
5.41%
2.4%

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
31,852
2024
- -
- -
41,680
2025
- -
- -
38,981

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3,198.15
2024
- -
- -
3,442.3
2025
- -
- -
4,564.34

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
3,486.45
2024
- -
- -
4,070.1
2025
- -
- -
4,242.64

Company Description

Company Profile APIChatGPT
CEO
Toshimitsu Fujiwara
Sector
Finance
Industry
Real estate investment trusts
Address
4-15-1 Akasaka Tokyo TY Japan 107-0052
IPO Date
Dec 3, 2014
Website
sekisuihouse-reit.co.jp
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Business
Sekisui House Reit, Inc. Sekisui House Reit, Inc. (3309.T) is a Japan-based real estate investment trust (REIT) established in September 2014 and listed on the Tokyo Stock Exchange, with its head office located at 4-15-1 Akasaka, Minato-ku, Tokyo, Japan; the company invests primarily in income-generating residential properties including apartment buildings and other rental housing assets across Japan, with a portfolio comprising 141 properties valued at approximately 556.6 billion yen as of the latest reports, focusing on high-quality, sustainable developments in major metropolitan areas that achieve stable mid- to long-term earnings through leasing and property management; it operates exclusively within the Japanese real estate market, leveraging the development expertise of its sponsor Sekisui House, Ltd., a leading housebuilder founded in 1960 and headquartered in Osaka, to target urban rental demand and maintain low vacancy rates via community-centric and environmentally responsible properties. The REIT's core offerings center on residential leasing from its diversified holdings of over 15,000 to 28,000 units in more than 300 properties historically, generating revenue predominantly from rental income supplemented by property management fees; its portfolio emphasizes apartments catering to diverse demographics in prime urban locations, with an average building age of 11.2 years and a strategic concentration in Japan's three major metropolitan areas for optimal occupancy and yield. Recent developments include ongoing portfolio expansions through strategic acquisitions such as the Shinjuku Hirose Building office tower alongside Tokyo apartments for approximately 5 billion yen, enhancing diversification beyond pure residential assets; the company maintains robust financials with reported revenues around 47 to 73 billion yen and net income near 30 billion yen in recent fiscal years, supported by a net asset value per share of about 519 yen, while benefiting from Sekisui House, Ltd.'s broader group initiatives like the April 2024 completion of its 4.9 billion USD acquisition of M.D.C. Holdings, Inc. to bolster U.S. residential capabilities and a March 2025 expansion of the Brookfield-North America Sekisui House partnership to a 1.6 billion USD U.S. portfolio of 30,000 single-family lots, indirectly strengthening the sponsor's real estate prowess and pipeline for future REIT opportunities.