Nomura Real Estate Master Fund, Inc.
Nomura Real Estate Master Fund, Inc. (3462) Financial Summary for the Fiscal Year Ended August 2026
For the fiscal year ended August 2026, operating revenue was 43,151 million yen, operating income was 18,050 million yen, ordinary income was 15,208 million yen, and net income attributable to owners of parent was 15,207 million yen. Total distributions amounted to 17,168 million yen, and distribution per unit was 3,695 yen. Total assets were 1,176,590 million yen, equity ratio was 50.9%, and LTV was 44.2%. The Fund will continue growth by leveraging its acquisition pipeline next term. Progress on green certifications is 65.8% (target for FY2030).
Key Figures
- Operating Revenue: 43,151 million yen
- Net Income Attributable to Owners of Parent: 15,207 million yen
- Total Distributions: 17,168 million yen
AI要約
Overview of Results
For the fiscal year ended August 2026, the Fund's operational performance benefited from a stable leasing market environment, resulting in operating revenue of 43,151 million yen, operating income of 18,050 million yen, ordinary income of 15,208 million yen, and net income attributable to owners of parent of 15,207 million yen. Distributions were recorded as distribution per unit of 3,271 yen as profit distribution plus 424 yen as excess profit distribution, totaling 3,719 yen per unit (including excess profit distribution). The portfolio consists of 285 properties, with an 83.4% weighting in the Tokyo area and a total leasable area of approximately 2,186 thousand sqm, maintaining high diversification. On ESG, the Fund has a FY2030 target of 70% green certification achievement and is currently at 65.8%.
Outlook and Capital Policy
For the next terms (February 2027 and August 2027 terms), the Fund aims to grow distributions by combining external growth leveraging Nomura Real Estate Group's development capabilities and internal growth utilizing the management pipeline. On the financial front, interest-bearing debt balance is approximately 520,221 million yen and LTV is 44.2%, indicating relative stability. The number of investment units is expected to be maintained at 4,646,364 units. Attention should be paid to changes in economic conditions and interest rate trends.
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Nomura Real Estate Master Fund, Inc.
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