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Sekisui House REIT, Inc.

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“Leading the way to a decarbonized society. Secure, high-quality lifestyles will realize a sustainable society that is not dependent on fossil fuels or constrained by energy problems.” — Sekisui House

Ticker

3309 J-REIT
(Tokyo Stock Exchange)

Headquarters

Tokyo, Japan

Market Cap

USD $12.2 billion1

Company History

Established in 1960

Properties

113

Green Building Certifications

38

*Data as of June 30, 2018.

sekisui house
Brisbane apartment community, West Village in West End, Queensland Source: Sekisui House REIT, Inc.

Who is Sekisui House REIT, Inc.?

Sekisui House REIT, Inc. is primarily an owner and operator of residences and office buildings. The majority of their properties are residential consisting of detached houses and rental apartments in Japan, China, Singapore, Australia and even the US. Most of the portfolio properties are located in Japan in one of the three major metropolitan areas of Tokyo, Osaka, and Nagoya. The company’s focus on residential properties is evident in their strapline “Changing the World Through Living”.2 Sekisui House is focused on net-zero buildings, earthquake safe construction, and building communities.

Sustainable Society Actions and Goals

Sekisui House has already managed an impressive array of sustainability awards and achievements. Over 50% of their properties, by asset value, are green building certified. Nearly all of their portfolio – 93% of their properties – are within a 10-minute walk to public transportation.3 What further distinguishes Sekisui House are their strong future commitments to sustainability. Sekisui House’s goals towards zero emissions has been third-party audited by the Science Based Targets Initiative.4 This process includes CEO and CFO sign-off and is a public commitment to reporting year-on-year carbon reductions towards this goal.

The company is working on four main objectives: decarbonization, biodiversity, zero-waste, and inclusion.

Strategy Spotlight: Positive Places

In 2009, Sekisui House launched their ‘Green First Zero’ homes initiative with the goal to create net-zero energy homes through sustainable design and implementation. Energy-saving solutions include high-efficiency air-conditioning, LED lighting and finely-tuned home energy management systems. They employ argon gas-filled multi-layered glass windows for better insulation than single-pane windows. Home sites and building orientations are selected to optimize passive solar energy and natural ventilation. While the initial build costs are slightly higher, the energy-saving provisions reduce the utility costs significantly for the resident. Sekisui House was the first company in the Japanese housing industry to be certified as an Eco-First Company by the Minister of the Environment (MOE) in Japan.5

Green First Zero aims for energy self-sufficiency without sacrificing the comfort of the living environment. The building design offsets energy use towards a goal of zero energy consumption. It does this through (1) energy savings and (2) energy creation.
The diagram illustrates energy savings in blue highlighting measures that reducing household energy use to 50% of conventional levels through heat insulation and high-efficiency equipment. Energy creation solutions to produce electricity are shown in green.
Source: Sekisui House (2018). “Sustainability Report 2018: Expanding Net-Zero-Energy Housing.” Sustainability Reports. Available from: http://www.sekisuihouse.co.jp/english/sr/2018.html

Recent Awards

Dow Jones logo

Included in the DJSI World Index and DJSI Asia Pacific Index6

RE 100 Logo

Joined 2017 RE100 Initiative – a public commitment to use 100% renewable electricity7

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Global Real Estate Sustainability Benchmark 2018 Green Star8

Development Bank of Japan Green Building Certification9

1 Sekisui House REIT, Inc. 0.23% the Vert Global Sustainable Real Estate Fund (VGSRX) as of June 30, 2018.
2 Sekisui House REIT, Inc. (2018). “Sustainability Report 2018: Focused on Creating Shared Value”. January 31, 2018, p. 1.
3 Sekisui House REIT, Inc. (2018). “Fiscal Results Briefing.” June 15, 2018.
4 Sekisui House REIT, Inc. (2018). “Sustainability Report 2018: Focused on Creating Shared Value”. January 31, 2018, p.28.
5 Sekisui House (2018). “Sustainability Report 2018: Expanding Net-Zero-Energy Housing.” Sustainability Reports. Available from: http://www.sekisuihouse.co.jp/english/sr/2018.html
6 The Dow Jones Sustainability Indexes were developed in 1999 by RobecoSAM who each year compile ESG information on 3,400 companies around the world. The Dow Jones Sustainability™ World Index comprises global sustainability leaders as identified by RobecoSAM. It represents the top 10% of the largest 2,500 companies in the S&P Global BMI based on long-term economic, environmental and social criteria.The Dow Jones Sustainability Asia/Pacific Index is designed to measure the performance of Asia-Pacific sustainability leaders as identified by RobecoSAM through a corporate sustainability assessment. It represents the top 20% of the 600 largest companies in the Asia-Pacific developed region in the S&P Global BMI based on long-term economic, environmental and social criteria.
7 RE100 Initiative is public commitment to use 100% renewable electricity.
8 GRESB – the Global Real Estate Sustainability Benchmark collects data each year on real estate entities who pay to participate.
9 DBJ Green Building Certification assesses properties in three areas ecology, risk management & amenities/diversity, and community & partnership. Sekisui House has 38 properties with 3 starsor more. Sekisui House has two buildings with a 5-star rating: an office building Garden City Shinagawa Gotenyama and a residential property Prime Maison Shinagawa.

Please refer to the Prospectus for full risk disclosures. All data as of June 30, 2018 and subject to change daily.

The Vert Global Sustainable Real Estate Strategy operated as mutual fund from October 31, 2017 and prior to the fund reorganization on December 4, 2023. The investment objectives have not changed.

Investing involves risk. Principal loss is possible. Investors should be aware of the risks involved with investing in a fund concentrating in REITs and real estate securities, such as declines in the value of real estate and increased susceptibility to adverse economic or regulatory developments. Investments in foreign securities involve political, economic and currency risks, greater volatility and differences in accounting methods. A REIT’s share price may decline because of adverse developments affecting the real estate industry. REITs may be subject to special tax rules and may not qualify for favorable federal tax treatment which could have adverse tax consequences. The Fund’s focus on sustainability may limit the number of investment opportunities available to the fund and at time the fund may under perform funds that are not subject to similar investment considerations. Diversification does not assure a profit or protect against loss in a declining market.

Please refer to the prospectus for important information about the investment company including investment objectives, risks, charges and expenses which must be considered carefully before investing. You may also obtain a hardcopy of the prospectus by calling 1-844-740-VERT. Read it carefully before investing.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance is annualized for periods greater than 1 year. For performance current to the most recent month end please call 1-844-740-VERT. Standardized performance of the Fund is viewable under the Information tab. Click here for standardized performance of the Fund.

Fund holdings and/or sectors are subject to change at any time and are not recommendations to buy or sell any security. Current and future holdings are subject to change. Click here for the Fund’s current top ten holdings.

Basis points are otherwise known as bps or “bips,” are a unit of measure used in finance to describe the percentage change in the value of financial instruments or the rate change in an index.

The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Environmental, social, and governance (ESG) criteria refer to activities that contribute to the business that not quantified in typical financial reporting.

The Vert Global Sustainable Real Estate ETF is distributed by Quasar Distributors, LLC.

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