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Sekisui House Reit, Inc.
Sekisui House Reit, Inc. has merged with Sekisui House Residential Investment Corporation on May 1, 2018. It aimes to secure stable profits in the medium to long term and achieve steady growth of its portfolios by promoting growth strategies through prioritized investment in high quality residential and commercial properties with the strategic locations that it defines as "Prime Properties" and through maximum use of Sekisui House, Ltd., the sponsor with an extensive track record in the development and operation of residential and commercial properties, and the Sekisui House Group's real estate development and management capabilities and the like, thereby striving to maximize unitholder value. (Excerpt from the website of Sekisui House Reit, Inc.)
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Unit Price and Trading Volume
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Unit Yield, Sector Average and Overall Average
Corporate Data
| Investment Corporation Name | Sekisui House Reit, Inc. |
|---|---|
| Abbreviation | SHR |
| Securities code | 3309（JPX） |
| Listing date | 2014/12/03 |
| Time elapsed | 9.00 year |
| Closing months | April / October |
| ＵＲＬ | http://www.sekisuihouse-reit.co.jp/ |
| Unitholders' capital | 161,283Million JPY |
| Number of investment units authorized | 4,381,482Unit |
| Investment amount per unit | 36,810JPY |
| Rating | R&I:AA- / JCR:AA |
| Type of assets under management | Residential：48.8％ Office：48.1％ Hotels：3.1％ Retail：0％ |
| Management target regions | 東京圏：69.7％ 大阪圏：21.3％ 名古屋圏：4.8％ その他：4.1％ |
| Number of investment properties | 120 |
| Number of tenants | 16 |
| Total leasable floor space | 556,636.96㎡ |
Investment Index Information
| NAV per Unit | 92,704JPY |
|---|---|
| Unit Price / NAV per Unit | 0.86 |
| FFO per Unit | 2,115JPY |
| Unit Price / FFO per Unit | 37.73 |
| NOI Yield | 3.34％ |
| Implied Cap Rate | 2.94％ |
| Market capitalization | 349,642Million JPY |
| Acquisition book value | 554,466Million JPY |
| Term-end book value | 537,989Million JPY |
| Appraisal value | 650,544Million JPY |
| Interest-bearing liabilities | 258,242Million JPY |
| LTV | 45.37％ |
| EV / EBITDA | 32.27 |
| Average maturity of borrowings | 3.6year |
| Ratio of long-term fixed interest rate | |
| Average occupancy rate | 96.5％ |
| Average age of buildings | 13.23year |
Investment Management Policies
- Based on the fundamental recognition that there is a growing need for real estate located at sites suited for "bases for sustainable living" for residents or sites suited for "sustainable bases of operation" of tenant companies and needs for real estate with high, basic functionality as residences, such as comfort and safety, and functionality desired by tenant companies, SHR designates high quality residential and commercial properties, etc. located at strategic locations "Prime Properties" and prioritize investments in Prime Properties.
Iｔ positions and invests in residences, which form "the bases of living" for residents, and office buildings, which form "the basis of operation for businesses", as the core assets of portfolio, and engages in investment in hotels with growth prospects; by doing so SHR will aim to build a portfolio characterized by both high stability and high quality.
(Excerpt from the website of Sekisui House Reit, Inc.)
Other Related Corporations
| Asset Manager | Sekisui House Asset Management, Ltd. | |||
|---|---|---|---|---|
| Update | 2023/06/15 | Capital | 400Million JPY | |
| Major Shareholders | 100％ | Sekisui House, Ltd. | Other Shareholders | |
Account Settlement InformationFY2023-4(Million JPY)
| 15th | 16th |
17th （most recent） |
18th forecast | 19th forcast | |
| Revised Date |
Revised Date |
||||
| Operating revenue | 14,756 | 15,797 | 15,365 | 16,331 | 17,218 |
| Operating income | 7,625 | 8,078 | 7,508 | 8,059 | 8,726 |
| Ordinary income | 6,746 | 7,205 | 6,637 | 7,094 | 7,696 |
| Net income | 6,745 | 7,204 | 6,637 | 7,093 | 7,694 |
| Short-term borrowings | 37,200 | 39,010 | 40,050 | ||
| Long-term borrowings | 191,942 | 187,732 | 186,692 | ||
| Investment corporation bonds | 34,500 | 31,500 | 31,500 | ||
| Total assets | 579,931 | 570,999 | 569,205 | ||
| Net assets | 298,782 | 294,484 | 293,617 | ||
| Distribution per unit | 1,698 JPY/per Unit |
1,714 JPY/per Unit |
1,781 JPY/per Unit |
1,895 JPY/per Unit |
1,794 JPY/per Unit |
Other Affiliated Companies
| Asset custodian | Mitsubishi UFJ Trust and Banking Corporation | Accounting auditor | Ernst & Young ShinNihon LLC |
|---|---|---|---|
| Accounting services | Mitsubishi UFJ Trust and Banking Corporation | Unitholders registry administrator | Mizuho Trust & Banking Co., Ltd. |
| Tax administration services | Mitsubishi UFJ Trust and Banking Corporation | Investment corporation bond administrator | MUFG Bank, Ltd. |
