Sekisui House REIT guides to a much smaller next payout despite stronger recurring earnings
Revenue for the half year ended April rose 15.3% to ¥22.35 billion and total DPU reached ¥3,407, but guidance falls to ¥1,908 next period because the latest payout included much larger excess distributions and reserve add-backs. Management's recurring EPU still edges higher and the REIT is adding Prime Maison Kinshicho for ¥4.27 billion, so the awkward-looking headline says more about mix than occupancy panic.