Nomura Real Estate Master Fund, Inc.
Stock Price Chart
2026/08/21 UpdatedPrice Trend
2026/08/21 UpdatedPrice & Trading Details
2026/08/21 UpdatedPRICE
TRADING
Analyst Recommendations 5 analysts
Updated 2026/08/01Earnings Calendar
Updated 2026/08/01Shareholder Composition
Updated 2026/08/01Major Holders
Updated 2026/08/01| 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 2026/08/16| Year | Dividend | Change |
|---|---|---|
| 2026 | ¥3,634 | -48.0% |
| 2025 | ¥6,995 | +1.9% |
| 2024 | ¥6,864 | +2.2% |
| 2023 | ¥6,714 | +2.6% |
| 2022 | ¥6,544 | - |
Financial Performance
2026/08/16 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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Supplementary Materials for Today’s Announcement Regarding Domestic Real Estate Acquisition
Supplementary materials for the real estate acquisition are published. Describes the characteristics and location of the target property, hotel demand outlook, and the ratio of foreign guests in Minato Ward with charts. The acquisition schedule remains unknown.
Read more -
Notice Regarding Acquisition of Domestic Real Estate
This investment corporation decided to acquire domestic real estate. The summary of assets to be acquired includes the acquisition of Best Western Hotel Fino Tokyo Akasaka (acquisition price around 11,000,000,000 yen), along with the overview of acquired assets, schedule, terms,...
Read more -
Notice of Fundraising｜May 2026
Nomura Real Estate Master Fund Investment Corporation executed a borrowings of 6,900 million yen on May 22, 2026, procuring funds within a range of fixed interest rates from 2.48938% to 2.84160%. This is an important notice regarding future funding plans...
Read more -
【Nomura Real Estate】Implementation of Fund Borrowing｜May 2026
Nomura Real Estate Master Fund Investment Corporation conducted a borrow ation of 10,800 million yen for refinancing purposes on May 22, 2026, using the proceeds to repay existing borrowings. The impact on future operational status is expected to be minimal.
Read more -
Financial Summary for the Fiscal Year Ending February 2026 (REIT)
For the fiscal year ending February 2026, operating revenue was JPY 41,186 million (YoY -5.8%), operating income was JPY 15,858 million (-14.6%), net income attributable to owners of parent was JPY 13,355 million (-17.1%), and dividends per unit are planned...
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Latest News (5 items)
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Average Analyst Rating: none
Average Target Price: ¥181,880
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 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. Nomura Real Estate Master Fund, Inc. was established on October 01, 2015 and incorporated in 2015 in Japan.
