Sekisui House Reit, Inc. (TYO:3309)

Sekisui House Reit Income Statement

Financials in millions JPY. Fiscal year is May - April.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021
Rental Revenue	26,525	27,304	30,601	30,441	29,230	29,752
Gain (Loss) on Sale of Assets (Rev)	10,484	13,124	7,952	710.58	2,817	130.08
Other Revenue	2.3	36.58	10.79	11.47	0	0
Total Revenue	37,899	41,352	38,564	31,163	32,047	29,882
Revenue Growth (YoY	-13.24%	7.23%	23.75%	-2.76%	7.25%	2.08%
Property Expenses	15,289	16,097	15,191	14,805	13,890	13,402
Selling, General & Administrative	112.59	111.25	107.62	106.56	112.92	103.65
Other Operating Expenses	1,165	1,026	792	662.29	640.11	508.59
Total Operating Expenses	16,567	17,235	16,089	15,576	14,643	14,015
Operating Income	21,332	24,117	22,475	15,587	17,404	15,867
Interest Expense	-2,149	-1,863	-1,597	-1,463	-1,566	-1,464
Interest & Investment Income	1,118	17.81	0.78	0.81	0.15	0.27
Other Non-Operating Income	-317.16	-319.52	-284.59	-283.72	-157.86	-307.62
EBT Excluding Unusual Items	19,984	21,952	20,594	13,841	15,680	14,095
Gain (Loss) on Sale of Assets	-	-	-4,224	-	-364.36	-
Asset Writedown	-338.18	-	-4,008	-	-	-
Other Unusual Items	1.66	1.67	5.18	2.36	-50.35	1.81
Pretax Income	19,648	21,954	12,367	13,843	15,266	14,097
Income Tax Expense	2.71	1.73	3.63	1.21	0.61	1.21
Net Income	19,645	21,952	12,363	13,842	15,265	14,096
Net Income to Common	19,645	21,952	12,363	13,842	15,265	14,096
Net Income Growth	17.08%	77.57%	-10.68%	-9.32%	8.29%	-2.09%
Basic Shares Outstanding	4	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4	4
Shares Change (YoY)	-0.81%	-0.19%	-	0.50%	1.65%	1.40%
EPS (Basic)	4520.31	5019.84	2821.63	3159.15	3501.54	3286.80
EPS (Diluted)	4520.31	5019.84	2821.63	3159.15	3501.54	3286.80
EPS Growth	18.04%	77.91%	-10.68%	-9.78%	6.53%	-3.44%
Dividend Per Share	4694.000	4182.000	4071.000	3479.000	-	3360.000
Dividend Growth	19.99%	2.73%	17.02%	-	-	1.94%
Operating Margin	56.29%	58.32%	58.28%	50.02%	54.31%	53.10%
Profit Margin	51.84%	53.09%	32.06%	44.42%	47.63%	47.17%
EBITDA	26,040	28,875	27,825	20,791	22,416	20,781
EBITDA Margin	68.71%	69.83%	72.15%	66.72%	69.95%	69.55%
D&A For Ebitda	4,708	4,758	5,350	5,204	5,012	4,914
EBIT	21,332	24,117	22,475	15,587	17,404	15,867
EBIT Margin	56.29%	58.32%	58.28%	50.02%	54.31%	53.10%
Funds From Operations (FFO)	-	-	-	-	8,523	-
FFO Payout Ratio	-	-	-	-	174.98%	-
Effective Tax Rate	0.01%	0.01%	0.03%	0.01%	0.00%	0.01%
Revenue as Reported	38,981	41,353	38,564	31,163	17,291	29,882

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.