Sekisui House Reit,Inc. [3309.T]
TOKYO, Jun 15 (Pulse News Wire) – Sekisui House Reit,Inc. (3309.T) reported strong domestic rental growth and a target dividend yield exceeding 3%.
For the fiscal year ending April 2026, the company achieved a distribution per unit (DPU) of ¥3,407. The net operating income (NOI) yield for domestic residences stood at 3.3%, marking a significant increase compared to previous quarters. Looking ahead, Sekisui House Reit plans to continue focusing on high-yield investments in Tokyo's prime locations, aiming to enhance its revenue base through strategic asset swaps. In the next fiscal year, the company expects to acquire seven properties and divest twelve, maintaining a robust pipeline of domestic sponsor deals.
Regarding financial stability, the firm maintained a fixed interest rate ratio of over 70% and targeted a total asset loan-to-value (LTV) range of 45% to 50%. The average remaining debt maturity was set at three to four years, ensuring sustainable financing conditions. Additionally, the company incorporated two interest rate hikes within its performance forecasts, mitigating potential borrowing costs increases due to variable-rate loans. In conclusion, Sekisui House Reit remains committed to delivering consistent returns and maintaining a healthy balance sheet while pursuing internal and external growth opportunities.
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