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Sekisui House Reit
(3309)
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Rating:74Outperform
Price Target:
¥83,104.00
▼(-9.37% Downside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by strong financial performance (rapid revenue and free-cash-flow growth, solid margins, and balanced leverage), supported by attractive income/valuation (6.61% dividend yield and a moderate 15.16 P/E). This is partially offset by weak technical momentum, with the stock trading below major moving averages and negative MACD readings.
Positive Factors
Revenue Growth
A 157% revenue increase indicates meaningful portfolio growth or stronger leasing performance, creating a durable uplift in recurring rental income. Over the next 2-6 months this scale supports higher net operating income, better fixed-cost absorption and a stronger base for distributions if occupancy holds.
Negative Factors
Modest Return on Equity
An ROE near 5.7% signals limited efficiency in converting equity into returns. For a REIT with a solid equity base, this may constrain long-term unit-holder wealth creation absent higher leverage, margin expansion, or outsized portfolio valuation gains; it tempers expectations for equity-driven growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 157% revenue increase indicates meaningful portfolio growth or stronger leasing performance, creating a durable uplift in recurring rental income. Over the next 2-6 months this scale supports higher net operating income, better fixed-cost absorption and a stronger base for distributions if occupancy holds.
Read all positive factors
Sekisui House Reit (3309) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥326.24B
Dividend Yield6.61%
Average Volume (3M)9.52K
Price to Earnings (P/E)15.2
Beta (1Y)0.19
Revenue Growth5.14%
EPS Growth-0.41%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)4998.45
Shares Outstanding4,303,970
10 Day Avg. Volume8,244
30 Day Avg. Volume9,518
Financial Highlights & Ratios
PEG Ratio0.97
Price to Book (P/B)1.20
Price to Sales (P/S)3.06
P/FCF Ratio3.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥72,000.00Price Target Upside-21.48% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)4,795.85
Revenue Forecast (FY)¥40.85B
Sekisui House Reit Business Overview & Revenue Model
Company Description
Sekisui House Reit, Inc. (3309) is a Japanese real estate investment trust (J-REIT) that invests primarily in income-producing real estate in Japan. Its portfolio focuses on residential properties (including rental apartments) and office buildings...
How the Company Makes Money
Sekisui House Reit makes money primarily by earning rental income from tenants in the properties it owns. The REIT’s core revenue stream is lease-related income (base rent and, where applicable, other tenant charges) generated from its portfolio o...
Sekisui House Reit Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 137.41B | 112.67B | 43.83B | 31.85B | 30.55B | 32.35B |
| Gross Profit | 23.86B | 25.51B | 26.80B | 18.71B | 18.39B | 20.51B |
| EBITDA | 29.34B | 27.12B | 23.52B | 20.82B | 20.42B | 21.99B |
| Net Income | 21.56B | 19.64B | 16.78B | 14.05B | 13.95B | 15.62B |
Balance Sheet | ||||||
| Total Assets | 586.53B | 566.47B | 568.35B | 569.48B | 571.00B | 555.64B |
| Cash, Cash Equivalents and Short-Term Investments | 31.62B | 22.36B | 14.65B | 15.06B | 11.42B | 23.04B |
| Total Debt | 284.03B | 266.44B | 257.24B | 257.24B | 258.24B | 249.94B |
| Total Liabilities | 296.53B | 280.72B | 273.69B | 276.25B | 276.51B | 268.00B |
| Stockholders Equity | 290.00B | 287.62B | 294.66B | 293.23B | 294.48B | 287.64B |
Cash Flow | ||||||
| Free Cash Flow | 61.33B | 86.60B | 78.13B | 23.86B | -6.84B | 24.23B |
| Operating Cash Flow | 106.11B | 95.71B | 141.40B | 26.14B | 41.13B | 36.05B |
| Investing Cash Flow | -89.67B | -93.40B | -123.25B | -2.76B | -52.53B | -11.96B |
| Financing Cash Flow | -11.73B | -10.10B | -22.83B | -16.31B | 1.07B | -14.43B |
Sekisui House Reit Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥326.24B | 15.16 | 7.47% | 5.16% | 5.14% | -0.41% | |
67 Neutral | ¥560.67B | 20.76 | ― | 4.28% | 5.70% | 18.14% | |
66 Neutral | ¥339.58B | 21.42 | 5.91% | 4.18% | 23.60% | 16.04% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
53 Neutral | ¥309.13B | 25.33 | ― | 3.56% | 6.93% | 7.40% |
* Real Estate Sector Average
JP:3309
Sekisui House Reit
73,900.00
-247.53
-0.33%
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Marimo Regional Revitalization REIT, Inc.
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Takara Leben Real Estate Investment Corp.
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-10.93%
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Daiwa House REIT Investment Corporation
120,100.00
-2,553.50
-2.08%
Sekisui House Reit Corporate Events
Sekisui House Reit Manager to Launch Private Fund Business and Tighten Governance
Jul 31, 2026
Sekisui House Asset Management, the manager of Sekisui House Reit, plans to expand its licensed activities by applying to add Type II Financial Instruments Business and Investment Advisory and Agency Business, enabling the launch of a private real...
Sekisui House Reit Corrects Timeline for Adjusted EPU Target
Jun 15, 2026
Sekisui House Reit, Inc. has issued a correction to its recently published financial results briefing for the 23rd fiscal period ended April 2026. The error was found in the executive summary section regarding the target period for adjusted EPU gu...
Sekisui House Reit to Acquire Prime Maison Kinshicho Rental Condo in Tokyo
Jun 15, 2026
Sekisui House Reit has agreed to acquire the trust beneficiary interest in Prime Maison Kinshicho, a newly built rental condominium in Sumida Ward, Tokyo, from sponsor Sekisui House for 4.27 billion yen, funded with its own capital. The 13-story, ...
Sekisui House Reit Issues Overseas Investor Briefing for April 2026 Fiscal Period
Jun 15, 2026
Sekisui House Reit has released an English translation of its financial results briefing for the 23rd fiscal period ended April 2026, dated June 15, 2026. The document is intended solely for overseas investors’ reference, outlining financial...
Sekisui House Reit Delivers Strong Earnings but Guides Softer Outlook
Jun 15, 2026
Sekisui House Reit reported strong results for the fiscal period ended April 30, 2026, with operating revenue up 15.3% to ¥22.35 billion and net income jumping 26.6% to ¥12.05 billion. Profitability metrics improved notably, pushing net ...
Sekisui House Reit Secures ¥3.5bn Green Loan to Refinance Debt
May 26, 2026
Sekisui House Reit has arranged a new 3.5 billion yen borrowing, including green loans from MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation, with floating-rate terms tied to JBA one-month yen TIBOR. The borrowing is structured as un...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.