TYO:3309

2 stories mentioning TYO:3309

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Sekisui House REIT to Acquire Prime Maison Kinshicho Property for 4.27 Billion Yen

Sekisui House REIT (TYO:3309) agreed to acquire a residential property in Sumida-ku, Tokyo, for 4.27 billion yen, effective July 1.Prime Maison Kinshicho is 97.3% occupied as of April, with a master lease agreement planned under Sekisui House Sha Maison PM Tokyo on a pass-through basis, according to a Tokyo bourse filing on Monday.The acquisition will be funded entirely through its own funds, with an appraisal value of 4.39 billion yen.The seller, Sekisui House Ltd, is the REIT's sponsor and a related party, and the transaction has undergone proper interested-party approval procedures.

TYO:3309

Asia4h ago

Sekisui House REIT's Net Income Jumps 27% in Six Months Ended April 30

Sekisui House REIT's (TYO:3309) net income surged 27% to over 12 billion yen for the six months ended April 30 from 9.52 billion yen for the half-year period.The REIT's net income per unit increased to 2,799 yen from 2,199 yen the previous six-month period, according to a Tokyo bourse filing on Monday.Operating revenue climbed 15% to 22.4 billion yen from 19.4 billion yen in the prior half-year period.It declared a final distribution of 3,407 yen per unit, including 608 yen in excess of earnings, payable from July 21.For the six months ending Oct. 31, the REIT expects net income of 8.08 billion yen and operating revenue of 17.4 billion yen.For the subsequent half-year period ending April 30, 2027, Sekisui expects net income of 7.95 billion yen and operating revenue of 17.5 billion yen.The company plans to pay distributions of 1,908 yen per unit for the October 2026 fiscal period and 1,880 yen per unit for the April 2027 period.

TYO:3309