June 15, 2022

Financial Report for the Fiscal Period Ended April 30, 2022
(For the Reporting Period from November 1, 2021 to April 30, 2022)
Name of REIT issuer:Sekisui House Reit, Inc. (“SHR”)
Stock exchange listing:
Securities code:
URL:
Representative:

Tokyo Stock Exchange3309
https://sekisuihouse-reit.co.jp/en/
Atsuhiro Kida, Executive Director

Asset management company:
Representative:
Inquiries:

Sekisui House Asset Management, Ltd.
Toru Abe, President & Representative Director
Koichi Saito, Investor Relations Department Chief Manager
TEL: +81-3-6447-4870

Scheduled date to file securities report:
Scheduled date to commence distribution payment:
Preparation of supplementary material on financial report:
Holding of financial report presentation meeting:

July 28, 2022
July 20, 2022
Yes
Yes (for institutional investors and analysts)(Amounts truncated to the nearest million yen)

1. Summary of financial results for the fiscal period ended April 30, 2022
(November 1, 2021 – April 30, 2022)(1) Operating results(Percentages show changes from the previous period)
Operating Revenue

Operating Income

Fiscal period ended

Millions of yen%

Millions of yen

April 30, 2022
October 31, 2021

14,756
17,291(14.7)
14.9

7,625
9,413

Net Income per Unit

Ordinary Income% Millions of yen(19.0)
17.8

6,746
8,520

Net Income% Millions of yen(20.8)
19.9

Ordinary Income toTotal Assets

Return on Equity

6,745
8,520%(20.8)
19.9

Ordinary Income toOperating Revenue

Fiscal period ended

Yen%%%

April 30, 2022
October 31, 2021

1,522
1,986

2.3
3.0

1.2
1.5

45.7
49.3

(Note) Net income per unit is calculated by dividing net income by the day-weighted average number of investment units outstanding during
the period.

(2) Distributions
Distributions
per Unit

Total
Distributions

Distributions in
Total
Excess ofDistributions inDistributions
Payout Ratio(excluding(excludingEarnings
Excessofto Net Assets
Distributions inDistributions in
per Unit
Earnings
Excess of Earnings) Excess of Earnings)
Fiscal period ended

Yen

Millions of yen

April 30, 2022
October 31, 2021

1,698
1,803

7,524
7,732

Yen－－

Millions of yen－－%%

111.6
90.8

2.5
2.7

(Note 1) Total distribution for the fiscal period ended April 30, 2022 is the amount obtained by adding 187 million yen of reversal of reserve
for temporary difference adjustment (“RTA”) and 590 million yen of reversal of reserve for reduction entry to the unappropriatedretained earnings.
(Note 2) Total distribution for the fiscal period ended October 31, 2021 is the amount reserved 1,195 million yen out of the unappropriatedretained earnings as reserve for reduction entry and added 70 million yen of reversal of RTA and 337 million yen of reversal of reserve
for reduction entry to the unappropriated retained earnings.

(3) Financial positionTotal Assets
As ofApril 30, 2022
October 31, 2021

Net Assets

Equity Ratio

Net Assets per Unit

Millions of yen

Millions of yen%

Yen

579,931555,644298,782
287,64251.5
51.8

67,42867,070This is an English translation of summarized financial report translated for informational purposes only. If there is any dis crepancy between
the Japanese version and the English translation, the Japanese version shall prevail.

- 1-(4) Cash flows
Net Cash
Provided by (Used in)Operating Activities

Net Cash
Provided by (Used in)Investing Activities

Net Cash
Provided by (Used in)
Financing Activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

7,938
25,943(36,833)(7,358)17,990(10,202)

27,18738,091

Fiscal period endedApril 30, 2022
October 31, 2021

Cash and Cash
Equivalents
at End of Period

2. Forecasts of performance for the fiscal period ending October 31, 2022 (May 1, 2022 – October 31,2022) and the fiscal period ending April 30, 2023 (November 1, 2022 – April 30, 2023)

OperatingRevenue(Percentages show changes from the previous period)
Distributions
per Unit Distributions
in Excess of(excluding
Ordinary Income Net Income
Distributions inEarnings
Excess ofper Unit

OperatingIncomeEarnings)

Fiscal period ending

Millionsof yen%

Millionsof yen%Millionsof yen%

Millionsof yen%

YenYenOctober 31, 2022

15,610

5.8

7,893

3.5

6,996

3.7

6,995

3.7

1,688

－

April 30, 2023

15,188(2.7)

7,373

(6.6)

6,456

(7.7)

6,456

(7.7)

1,666

14(Reference) Forecasted net income per unit (Forecasted net income / Forecasted number of investment units at end of period )For the fiscal period ending October 31, 2022:
For the fiscal period ending April 30, 2023:

1,578 yen
1,457 yen(Note) Forecasted distribution for the fiscal period ending October 31, 2022 is the amount added 221 million yen of reversal of RTA and 262
million yen of reversal of reserve for reduction entry to the unappropriated retained earnings and forecasted distribution fo r the fiscal
period ending April 30, 2023 is the amount reserved 61 million yen out of the unappropriated retained earnings as reserve for reduction
entry and added 195 million yen of reversal of RTA and 731 million yen of reversal of reserve for reduction entry to the unappropriatedretained earnings.

* Other(1) Changes in accounting policies, changes in accounting estimates, and retrospective restatementa. Changes in accounting policies due to revisions to accounting standards and other regulations:Noneb. Changes in accounting policies due to reasons other than a. above:Nonec. Changes in accounting estimates:
None
d. Retrospective restatement:
None(2) Number of investment units issued
a. Number of investment units issued at end of period (including treasury investment units)
As of April 30, 2022:4,431,133 units
As of October 31, 2021: 4,288,666 units
b. Number of treasury investment units at end of period
As of April 30, 2022:– units
As of October 31, 2021:– units* Status of audit proceduresThis financial report is not subject to audit procedures by public accountants or audit corporations.
* Remarks on appropriate use of forecasts of performance and other special notes
・ Forward-looking statements presented in this financial report, including forecasts of performance, are basedon information currently available to SHR and on certain assumptions it deems to be reasonable. As such,actual operating and other results may differ materially from these forecasts as a consequence of numerous
factors. These forecasts do not guarantee the distribution amount.

This is an English translation of summarized financial report translated for informational purposes only. If there is any dis crepancy between
the Japanese version and the English translation, the Japanese version shall prevail.

- 2-