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Diversified J-REIT holding office, residential and hotel properties, sponsored by homebuilder Sekisui House.
Diversified J-REIT holding office, residential and hotel properties, sponsored by homebuilder Sekisui House.
Collects rent on a mix of offices, apartments and hotels and pays most of it out to unitholders, as J-REITs must to keep their tax advantages. Sekisui House, its sponsor, supplies properties for the REIT to buy, and an affiliate of the sponsor manages the fund.
In one line: A diversified REIT fed by a major national homebuilder.
Moat: narrow (regulatory licence, distribution). Sponsor Sekisui House's nationwide development pipeline feeds diversified property acquisitions.
Headquarters: Tokyo, Japan · Founded: 2014
Size Sekisui House Reit (3309.T) is a Japan Real Estate company (Real Estate Investment Trusts) with a market value of $1.78B, the 519th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥65,200 on 6 Nov 2026.
Performance Over six months the shares fell 23.3%, against -10.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 5.1% over the last twelve months (peer median +4.2%); the operating margin is 20.1% (peer median 46.0%).
Valuation It trades at 13.9× forward earnings against a peer median of 18.7× (5th cheapest of 19).
Next results Next results expected around 21 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥123B | ¥113B | ¥154B | ¥38.8B | ¥52.8B |
| Revenue growth | — | -27% | +297% | -26% | — |
| Gross profit | ¥28.5B | ¥25.5B | ¥24.0B | ¥17.8B | ¥16.4B |
| EBITDA | ¥29.3B | ¥27.1B | ¥27.9B | ¥21.1B | ¥20.8B |
| Net income | ¥21.6B | ¥19.6B | ¥16.8B | ¥14.0B | ¥14.0B |
| Free cash flow | ¥61.3B | ¥86.6B | ¥78.1B | ¥23.9B | -¥6.84B |
| Capital expenditure | ¥44.8B | ¥9.16B | ¥63.3B | ¥2.31B | ¥51.7B |
| Total debt | n/a | ¥266B | ¥257B | ¥257B | ¥258B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sekisui House Reit 3309.T | $1.78B | -23% | +5% | 20% | 13.9× | n/a |
| Nomura Real Estate Master Fund 3462.T | $3.66B | -23% | -18% | 36% | 20.5× | n/a |
| Daiwa House REIT Investment 8984.T | $3.15B | -13% | -9% | 40% | 20.5× | n/a |
| ORIX JREIT 8954.T | $3.06B | -12% | +35% | 51% | 18.1× | n/a |
| Advance Residence Investment 3269.T | $2.42B | -18% | -4% | 45% | 22.7× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3309.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.0% | +2.5% | 4th lowest of 21 |
| 6-month return | -23.3% | -10.4% | 3rd lowest of 20 |
| Distance from 52-week high | -31.7% | -20.4% | 4th lowest of 21 |
| Revenue growth (TTM) | +5.1% | +4.2% | 10th highest of 20 |
| Operating margin | 20.1% | 46.0% | 5th lowest of 19 |
| Forward P/E | 13.9× | 18.7× | 5th cheapest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sekisui House Reit 3309.T | Japan | $1.78B | -23% | +5% | 20% | 13.9× | n/a | n/a |
| Charter Hall Long WALE REIT CLW.AX | Australia | $1.78B | +4% | +40% | 56% | 14.0× | n/a | n/a |
| Champion Real Estate Investment Trust 2778.HK | Hong Kong | $1.80B | -8% | -8% | 61% | 19.7× | n/a | n/a |
| H&R Real Estate Investment Trust HR-UN.TO | Canada | $1.80B | -10% | -6% | 60% | 17.0× | n/a | n/a |
| Mitsui Fudosan Accommodations Fund 3226.T | Japan | $1.75B | -16% | +18% | 47% | 21.6× | n/a | n/a |
| Daiwa Office Investment 8976.T | Japan | $1.74B | -12% | +24% | 44% | 19.2× | n/a | n/a |
| Eurocommercial Properties ECMPA.AS | Netherlands | $1.72B | -7% | +1% | 75% | 10.3× | n/a | n/a |
| HomeCo Daily Needs REIT HDN.AX | Australia | $1.71B | -2% | +4% | 75% | 13.3× | n/a | n/a |
| Blackstone Mortgage Trust BXMT | United States | $1.85B | -42% | -2% | 36% | 9.2× | n/a | n/a |
| Douglas Emmett DEI | United States | $1.70B | -18% | +2% | 19% | n/a | n/a | n/a |
| Diversified Healthcare Trust DHC | United States | $1.70B | -17% | -4% | -1% | n/a | n/a | n/a |
| ARMOUR Residential REIT ARR | United States | $1.87B | -29% | -140% | n/a | 4.5× | n/a | n/a |
| Region RGN.AX | Australia | $1.89B | +6% | +30% | 45% | 14.4× | n/a | n/a |
| Great Portland Estates GPE.L | United Kingdom | $1.90B | +17% | +24% | 21% | 34.7× | n/a | n/a |
| Safestore SAFE.L | United Kingdom | $1.67B | -13% | +7% | 55% | 14.1× | n/a | n/a |
| Activia Properties 3279.T | Japan | $1.90B | -10% | +24% | 47% | 18.1× | n/a | n/a |
| Getty Realty GTY | United States | $1.92B | -14% | +11% | 59% | 20.1× | n/a | n/a |
| RLJ Lodging Trust RLJ | United States | $1.92B | +40% | +1% | 10% | 700.2× | n/a | n/a |
| Blackstone Digital Infrastructure Trust BXDC | United States | $1.61B | n/a | n/a | n/a | 34.9× | n/a | n/a |
| Xenia Hotels & Resorts XHR | United States | $1.97B | +26% | +4% | 8% | 36.9× | n/a | n/a |
| Mitsui Fudosan Logistics Park 3471.T | Japan | $2.00B | -13% | +156% | 28% | 23.1× | n/a | n/a |