Sekisui House Reit (TSE:3309) Selling, General, & Admin. Expense: 円4,231 Mil (TTM As of Apr. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3309 Sekisui House Reit Inc TSE:3309
74 GF Score
Price 円73,400.00
GF Value 円80,297.90
Valuation Fairly Valued
! 5 Warning Signs
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What is Sekisui House Reit Selling, General, & Admin. Expense?

Sekisui House Reit TSE:3309 -0.27% 74 Selling, General, & Admin. Expense is 円4,231 Mil as of Apr. 2026. GuruFocus rates TSE:3309 with a GF Score™ of 74/100 and a GF Value™ of 円80,297.90 (Fairly Valued). The stock has 5 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Sekisui House Reit's selling, general, & admin. expense for the six months ended in Apr. 2026 was 円2,523 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Apr. 2026 was 円4,231 Mil.


Sekisui House Reit  (TSE:3309) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Sekisui House Reit Selling, General, & Admin. Expense Related Terms


Sekisui House Reit Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Sekisui House Reit's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sekisui House Reit Selling, General, & Admin. Expense Chart

Sekisui House Reit Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,455.68 2,050.62 2,136.76 2,578.13 3,508.81

Sekisui House Reit Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 777.20 1,800.93 1,800.93 1,707.88 2,522.91

TSE:3309 vs VICI, WPC: Selling, General, & Admin. Expense Comparison

For the REIT - Diversified subindustry, Sekisui House Reit's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sekisui House Reit Selling, General, & Admin. Expense vs REITs Industry

For the REITs industry and Real Estate sector, Sekisui House Reit's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Sekisui House Reit's Selling, General, & Admin. Expense falls into.


TSE:3309
74GF Score
Sekisui House Reit Inc TSE:3309
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sekisui House Reit Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円4,231 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of 円4,231 Mil mean?
Sekisui House Reit (TSE:3309) has a Selling, General, & Admin. Expense of 円4,231 Mil as of Apr. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Sekisui House Reit and its competitors.
Is Sekisui House Reit's Selling, General, & Admin. Expense too high?
Sekisui House Reit's current Selling, General, & Admin. Expense is 円4,231 Mil. Overall, Sekisui House Reit has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sekisui House Reit's Selling, General, & Admin. Expense compare to VICI and WPC?
Sekisui House Reit's Selling, General, & Admin. Expense of 円4,231 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Sekisui House Reit and its competitors. Sekisui House Reit's current Selling, General, & Admin. Expense is 円4,231 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sekisui House Reit stock overvalued right now?
Based on GuruFocus' analysis, Sekisui House Reit (TSE:3309) is currently considered Fairly Valued. The stock's GF Value™ is 円80,297.90, compared to a current price of 円73,400.00 — trading 8.6% below its estimated fair value. The current Selling, General, & Admin. Expense is 円4,231 Mil. Sekisui House Reit's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Sekisui House Reit (TSE:3309), the current Selling, General, & Admin. Expense is 円4,231 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sekisui House Reit (TSE:3309) Overvalued in 2026?

Based on GuruFocus' analysis, Sekisui House Reit stock appears to be undervalued. The current stock price of 円73,400.00 is trading 8.6% below its estimated GF Value™ of 円80,297.90. GuruFocus considers Sekisui House Reit to be Fairly Valued.

Key valuation signals for TSE:3309:

  • Selling, General, & Admin. Expense: 円4,231 Mil
  • GF Value™: 円80,297.90 vs. price of 円73,400.00 (8.6% below fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the TSE:3309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sekisui House Reit Business Description

Industry Real EstateREITs
Address 4-15-1 Akasaka, Minato-ku, Tokyo, JPN, 107-0051
Sekisui House Reit Inc is a Japan-based company that operates as a real estate investment trust. The company invests in commercial properties predominantly in office and commercial buildings, hotels, and retail properties located in the Tokyo Metropolitan Areas, Osaka, and Nagoya areas. The asset manager of the company is a subsidiary of Sekisui House, Ltd.
74GF Score

Get the complete analysis for TSE:3309

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円73,400.00
Price
円80,297.90
GF Value