Translation
November 15, 2012

Sekisui House SI Investment Corporation
Financial Report for the Fiscal Period ended September 30, 2012

Head Office:Stock Exchange Listing:
URL:
Inquiries:

Tokyo
Tokyo Stock Exchange (code number 8973)
http://www.shsi-reit.co.jp/
Makoto Asamoto
Sekisui House SI Asset Management, Ltd. (Asset Management Company)
General Manager, Administration+81-3-5215-8973

Name:
Title:
TEL:

Planned date of submissionof the Securities Report:
Planned commencement date ofdistribution payment:

December 26, 2012
December 14, 2012
(Note: Figures rounded down to nearest million yen)

1. Performance for the Fiscal Period ended September 30, 2012 (April 1, 2012 to September 30, 2012)(1) Operating Results*Percentages indicate changes over the previous fiscal period.
Operating Revenue

Operating Income

Ordinary Income

Net Income

Million yen％*

Million yen％*

Million yen％*

Million yen％*

Fiscal period ended
September 30, 2012

3,567

△3.7

1,663

4.0

1,193

2.4

1,191

2.3

Fiscal period ended
March 31, 2012

3,705

4.9

1,600

△1.4

1,165

0.8

1,164

0.7

Net Incomeper Unit

Return on Unitholders’Equity (ROE)

Ordinary Income on
Total Assets

Ordinary Income on
Operating Revenue

Yen％％％

Fiscal period ended
September 30, 2012

10,3502.3

1.133.5

Fiscal period ended
March 31, 2012

10,1172.3

1.031.5(2) Distributions
Distributionper Unit

Total
Distributions

Distribution in
Excess ofEarnings per Unit

Total
Distributions in
Excess ofEarnings

Distribution
Ratio toNet Assets

Payout Ratio

YenMillion yen

Yen

Yen％％

Fiscal period ended
September 30, 2012

10,351

1,191

00100.0

2.3

Fiscal period ended
March 31, 2012

10,1171,16400100.0

2.3

Note: The payout ratio is rounded down to the first decimal place.

1This translation is for informational purpose only. If there is any discrepancy between the Japanese version and theEnglish translation, the Japanese version shall prevail.

(3) Financial Position
Total Assets

Unitholders’ Equity to
Total Assets

Net Assets

Net Assets per Unit

Million yen

Million yen%Yen

Fiscal period ended
September 30, 2012

114,174

51,71445.3

449,417

Fiscal period ended
March 31, 2012

112,800

51,68745.8

449,183(4) Cash Flow Position
Cash Flows fromOperating Activities

Cash Flows from
Investing Activities

Cash and Cash
Equivalents at the End ofthe Period

Cash Flows from
Financing Activities

Million yen

Million yen

Million yen

Million yen

Fiscal period ended
September 30, 2012

1,718

△9,608333

6,074

Fiscal period ended
March 31, 2012

11,271△6,776

3,543

13,631

2. Forecast of Results for the Fiscal Period ending March 2013 (October 1, 2012 to March 31, 2013)*Percentages indicate changes over the previous fiscal period.
Operating
Revenue
MillionOperating
Income％*yen

Fiscal period ending
March 31, 2013

3,961

MillionOrdinary
Income％*

yen

11.1

1,866

MillionNet
Income％*yen

12.2

1,423

MillionDistributionper Unit％*Yen

Yen

19.3

10,370

0yen

19.3

1,421

Distribution in
Excess ofEarnings per Unit

Reference: Estimated net income per unit for the fiscal period ending March 31, 2013: 10,386yen

Explanation concerning the Proper Use of the Forecast of Results and Other Issues to be Noted
Descriptions with regard to future issues including the forecast of operating results are based on the current information
held by the Sekisui House SI Investment Corporation and certain assumptions deemed reasonable. The actual operating
results may materially differ from the forecast for various reasons. The forecast is not intended to assure the amount ofdistributions to investors.

2This translation is for informational purpose only. If there is any discrepancy between the Japanese version and theEnglish translation, the Japanese version shall prevail.