Sekisui House Reit (TSE:3309) Scaled Net Operating Assets: 0.97 (As of Apr. 2026)


TSE:3309 Sekisui House Reit Inc TSE:3309
73 GF Score
Price 円77,200.00
GF Value 円83,713.57
Valuation Fairly Valued
! 5 Warning Signs
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What is Sekisui House Reit Scaled Net Operating Assets?

Sekisui House Reit TSE:3309 +0.26% 73 Scaled Net Operating Assets is 0.97 as of Apr. 2026. GuruFocus rates TSE:3309 with a GF Score™ of 73/100 and a GF Value™ of 円83,713.57 (Fairly Valued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sekisui House Reit's operating assets for the quarter that ended in Apr. 2026 was 円564,317 Mil. Sekisui House Reit's operating liabilities for the quarter that ended in Apr. 2026 was 円12,501 Mil. Sekisui House Reit's Total Assets for the quarter that ended in Oct. 2025 was 円566,471 Mil. Therefore, Sekisui House Reit's scaled net operating assets (SNOA) for the quarter that ended in Apr. 2026 was 0.97.


Sekisui House Reit Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Sekisui House Reit's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Sekisui House Reit Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.97 0.94 0.94 0.95

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
Scaled Net Operating Assets 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 0.90 0.95 0.96 0.94 0.97

TSE:3309 vs VICI, WPC: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, Sekisui House Reit's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Sekisui House Reit's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Sekisui House Reit's Scaled Net Operating Assets falls into.


TSE:3309
73GF Score
Sekisui House Reit Inc TSE:3309
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sekisui House Reit Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sekisui House Reit's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2025 )
=(Operating Assets (A: Oct. 2025 )-Operating Liabilities (A: Oct. 2025 ))/Total Assets (A: Oct. 2024 )
=(553977.565-12404.419)/568345.244
=0.95

where

Operating Assets(A: Oct. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=566471.297 - 12493.732
=553977.565

Operating Liabilities(A: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=278846.419 - 225502 - 40940
=12404.419

Sekisui House Reit's Scaled Net Operating Assets (SNOA) for the quarter that ended in Apr. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Apr. 2026 )
=(Operating Assets (Q: Apr. 2026 )-Operating Liabilities (Q: Apr. 2026 ))/Total Assets (Q: Oct. 2025 )
=(564316.789-12500.693)/566471.297
=0.97

where

Operating Assets(Q: Apr. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=586527.769 - 22210.98
=564316.789

Operating Liabilities(Q: Apr. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=296532.693 - 244805 - 39227
=12500.693

* 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 Scaled Net Operating Assets of 0.97 mean?
Sekisui House Reit (TSE:3309) has a Scaled Net Operating Assets of 0.97 as of Apr. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sekisui House Reit and its competitors.
Is Sekisui House Reit's Scaled Net Operating Assets too high?
Sekisui House Reit's current Scaled Net Operating Assets is 0.97. Overall, Sekisui House Reit has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sekisui House Reit's Scaled Net Operating Assets compare to VICI and WPC?
Sekisui House Reit's Scaled Net Operating Assets of 0.97 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 Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sekisui House Reit and its competitors. Sekisui House Reit's current Scaled Net Operating Assets is 0.97. 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83,713.57, compared to a current price of 円77,200.00 — trading 7.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.97. Sekisui House Reit's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Sekisui House Reit (TSE:3309), the current Scaled Net Operating Assets is 0.97 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77,200.00 is trading 7.8% below its estimated GF Value™ of 円83,713.57. GuruFocus considers Sekisui House Reit to be Fairly Valued.

Key valuation signals for TSE:3309:

  • Scaled Net Operating Assets: 0.97
  • GF Value™: 円83,713.57 vs. price of 円77,200.00 (7.8% below fair value)
  • GF Score™: 73/100 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.
73GF Score

Get the complete analysis for TSE:3309

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円77,200.00
Price
円83,713.57
GF Value