Nomura Real Estate Master Fund, Inc.
Stock Price Chart
2026/03/02 UpdatedPrice Trend
2026/03/02 UpdatedPrice & Trading Details
2026/03/02 UpdatedPRICE
TRADING
Analyst Recommendations 5 analysts
Updated 2026/03/01Shareholder Composition
Updated 2026/03/01Major Holders
Updated 2026/03/01| Institution | Ownership | Shares | Change |
|---|---|---|---|
|
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund
|
63.2K | +0.99% | |
|
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund
|
39.3K | +2.23% | |
|
Goldman Sachs TRT-Goldman Sachs Intl Small Cap Insights Fd.
|
37.4K | +44.34% | |
|
DFA INVESTMENT DIMENSIONS GROUP INC-DFA Intl Real Estate Securities PO
|
28.8K | -3.71% | |
|
iShares Trust-iShares Core MSCI EAFE ETF
|
25.6K | +0.14% | |
|
VANGUARD Intl Eqy. INDEX Fd.S-Vanguard Global ex-U.S. Real Estate Inde
|
15.9K | -7.41% |
Dividend History
Updated 2026/03/01| Year | Dividend | Change |
|---|---|---|
| 2026 | ¥3,624 | -48.2% |
| 2025 | ¥6,995 | +1.9% |
| 2024 | ¥6,864 | +2.2% |
| 2023 | ¥6,714 | +2.6% |
| 2022 | ¥6,544 | - |
Financial Performance
2026/03/01 UpdatedRevenue & Profit
Margins
Cash Flow
Financial Health
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | ¥76,543M | ¥83,632M | ¥84,457M | ¥86,828M |
| Gross Profit | ¥43,618M | ¥48,939M | ¥49,045M | ¥50,939M |
| Operating Income | ¥30,178M | ¥35,045M | ¥35,114M | ¥36,899M |
| Pretax Income | ¥29,389M | ¥34,164M | ¥34,220M | ¥36,089M |
| Net Income | ¥25,877M | ¥30,695M | ¥30,647M | ¥32,090M |
| EPS | ¥5,487.93 | ¥6,509.89 | ¥6,537.74 | - |
| Operating Margin | 39.43% | 41.90% | 41.58% | 42.50% |
| Balance Sheet | ||||
| Total Assets | ¥1,187,582M | ¥1,192,127M | ¥1,183,176M | ¥1,181,280M |
| Total Equity | ¥615,128M | ¥614,690M | ¥606,202M | ¥603,146M |
| Total Liabilities | ¥572,454M | ¥577,437M | ¥576,973M | ¥578,134M |
| Cash | ¥31,608M | ¥37,831M | ¥32,469M | ¥37,629M |
| Interest-bearing Debt | ¥517,466M | ¥521,385M | ¥521,296M | ¥522,227M |
| Equity Ratio | 51.80% | 51.56% | 51.24% | 51.06% |
| D/E Ratio | 0.84 | 0.85 | 0.86 | 0.87 |
| Cash Flow | ||||
| Operating CF | ¥50,640M | ¥65,188M | ¥75,744M | ¥79,029M |
| Investing CF | -¥37,727M | -¥31,763M | -¥41,860M | -¥39,246M |
| Financing CF | -¥31,132M | -¥27,282M | -¥39,246M | -¥34,261M |
| Free CF | ¥12,404M | ¥33,430M | ¥34,456M | ¥40,150M |
| Efficiency | ||||
| ROE | 4.21% | 4.99% | 5.06% | 5.32% |
| ROA | 2.18% | 2.57% | 2.59% | 2.72% |
Latest IR Information
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Notice Regarding Borrowing of Funds (Interest Rate Determination)
Nomura Real Estate Master Fund, Inc. entered into term loan agreements with fixed interest rates ranging from 1.92096% to 2.16738% for total borrowings of 5.8 billion yen, executing the borrowings on February 26, 2026.
Read more -
Notice Regarding Borrowing of Funds (Including Green Loans)
Nomura Real Estate Master Fund, Inc. has decided to borrow funds for refinancing existing borrowings of 11,600 million yen, scheduled for repayment on February 26, 2026.
Read more
Latest News (5 items)
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Average Analyst Rating: buy
Average Target Price: ¥186,420
Rating Score: 1.80 (Based on 5 analysts)
※1=Strong Buy, 5=Strong Sell
Company Information
About
Nomura Real Estate Master Fund, Inc. (NMF) is a wholly owned subsidiary of the former Nomura Real Estate Master Fund Corporation (hereinafter referred to as the "Former NMF") and Nomura Real Estate Office Fund Investment Corporation (hereinafter referred to as "NOF") and Nomura Real Estate Residential Investment Corporation (hereinafter referred to as "NRF") will be the dissolved corporations in the consolidation-type merger. The Investment Corporation was established on October 1, 2015 through a consolidation-type merger (hereinafter referred to as the "3-REIT Merger"). The Investment Corporation will allocate 1.6 investment units per 1 investment unit of NRF, and 3.6 investment units per 1 investment unit of NOF. Investment 4.45 investment units of the Investment Corporation were allocated for each 1 investment unit.
