June 15, 2020

Financial Report for the Fiscal Period Ended April 30, 2020(For the Reporting Period from November 1, 2019 to April 30, 2020)
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/
Junichi Inoue, Executive Director

Asset management company:
Representative:
Inquiries:

Sekisui House Asset Management, Ltd.
Junichi Inoue, President & Representative Director
Yoshiya Sasaki, Chief Manager, Investor Relations Department
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 27, 2020
July 20, 2020
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, 2020
(November 1, 2019 – April 30, 2020)(1) Operating results(Percentages show changes from the previous period)
Operating Revenue
Fiscal period endedApril 30, 2020
October 31, 2019

Millions of yen%

14,59014,683(0.6)
18.7

Operating Income
Millions of yen

7,874
8,226

Ordinary Income%Millions of yen(4.3)
24.1

6,991
7,406

Net Income%

(5.6)
25.6

Millions of yen

6,991
7,405%(5.6)
25.6

Net Income per Unit

Return on Equity

Ordinary Income toTotal Assets

Ordinary Income toOperating Revenue

Yen%%%

1,630
1,775

2.4
2.8

1.3
1.4

47.9
50.4

Fiscal period endedApril 30, 2020
October 31, 2019

(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

Fiscal period ended

Yen

Millions of yen

Yen

Millions of yen%%

April 30, 2020
October 31, 2019

1,665
1,631

7,140
6,994

－－－－

102.1
91.9

2.5
2.5

Distributions inTotal
Excess ofDistributions inDistributions
Payout Ratio(excluding(excludingEarnings
Excess ofto Net Assets
Distributions inDistributions inper Unit
Earnings
Excess of Earnings) Excess of Earnings)

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

-1-(Note 1) Total distribution for the fiscal period ended April 30, 2020 is the amount added 119 million yen of reversal of reserve
for temporary difference adjustment (“RTA”) and 29 million yen of reversal of reserve for reduction entry to theunappropriated retained earnings.
(Note 2) Total distribution for the fiscal period ended October 31, 2019 is the amount reserved 775 million yen out of theunappropriated retained earnings as reserve for reduction entry and added 364 million yen of reversal of RTA.

(3) Financial position
Total Assets

Net Assets

Equity Ratio

Net Assets per Unit

Millions of yen

Millions of yen%

Yen

553,988547,989

286,323
286,192

51.7
52.2

66,762
66,732Net Cash
Provided by (Used in)Operating Activities

Net Cash
Provided by (Used in)Investing Activities

Net Cash
Provided by (Used in)
Financing Activities

Cash and Cash
Equivalents
at End of Period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

9,769
12,246(6,571)(70,577)(1,343)62,05826,54024,685As ofApril 30, 2020
October 31, 2019(4) Cash flows

Fiscal period endedApril 30, 2020
October 31, 2019

2. Forecasts of performance for the fiscal period ending October 31, 2020 (May 1, 2020 – October 31,2020) and the fiscal period ending April 30, 2021 (November 1, 2020 – April 30, 2021)

Operating
Revenue(Percentages show changes from the previous period)
Distributions
per Unit Distributions
in Excess of(excluding
Ordinary Income Net Income
Earnings
Distributions inExcess ofper Unit

OperatingIncomeEarnings)

Fiscal period ending
October 31, 2020
April 30, 2021

Millionsof yen%

Millionsof yen%Millionsof yen%Millionsof yen%Yen

Yen

14,8471.8

7,779(1.2)

6,886(1.5)

6,885(1.5)

1,664－

14,939

0.6

7,897

1.5

6,958

1.1

6,958

1.1

1,663

－

(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, 2020:
1,605 yen
For the fiscal period ending April 30, 2021:
1,622 yen

(Note) Forecasted distribution for the fiscal period ending October 31, 2020 is the amount added 137 million yen of reversalof RTA and 113 million yen of reversal of reserve for reduction entry to the unappropriated retained earnings andforecasted distribution for the fiscal period ending April 30, 2021 is the amount added 161 million yen of reversal of
RTA and 12 million yen of reversal of reserve for reduction entry to the unappropriated retained earnings.

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

-2-* 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, 2020:
4,288,666 units
As of October 31, 2019: 4,288,666 units
b. Number of treasury investment units at end of period
As of April 30, 2020:– units
As of October 31, 2019:– 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, arebased on 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 consequenceof 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 discrepancy between
the Japanese version and the English translation, the Japanese version shall prevail.

-3-