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Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-04-17","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/3462-20260417-01.pdf","jir_short_summary":"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 at JPY 3,634.","jir_summary":"### Overview of Performance\nFor the fiscal year ending February 2026 (21st term), operating revenue was JPY 41,186 million (YoY -5.8%), operating income was JPY 15,858 million (-14.6%), ordinary income was JPY 13,355 million (-17.0%), and net income attributable to owners of parent was JPY 13,355 million (-17.1%). Dividends per unit (including excess profit distribution) are planned at JPY 3,634, with total dividends amounting to JPY 16,884 million. The portfolio is highly diversified with 285 properties mainly in the Tokyo metropolitan area and a total acquisition price of JPY 1,099,557 million. Occupancy rate remains high at 98.9%.\n\n### Future Outlook and Asset Management\nThe forecast for the management status in August 2026 and February 2027 expects operating revenue of JPY 43,116 million (+4.7%), operating income of JPY 17,904 million (+12.9%), and net income attributable to owners of parent of JPY 15,052 million (+12.7%). Dividends are planned at JPY 3,695 and JPY 3,719 per unit, respectively. Asset sales and acquisitions are being conducted to improve portfolio quality through asset replacement. Refinancing of interest-bearing debt has been completed with a loan-to-value ratio (LTV) of 44.3%. The company is actively addressing ESG challenges, achieving a green certification acquisition rate of 65.8%.","jir_financial_highlights":"Operating Revenue: JPY 41,186 million (YoY -5.8%)\nOperating Income: JPY 15,858 million (YoY -14.6%)\nOrdinary Income: JPY 13,355 million (YoY -17.0%)\nNet Income Attributable to Owners of Parent: JPY 13,355 million (YoY -17.1%)\nDividends per Unit (Including Excess Profit Distribution): JPY 3,634 (Change unknown YoY (Previous period: JPY 3,542))\nNumber of Issued Investment Units: 4,646,364 units (No change)\nBalance of Interest-Bearing Debt: JPY 522,220 million (Unknown)","jir_category":"","jir_hashtags":"#NomuraRealEstateMasterFund, #FinancialSummary, #REIT","jir_key_figures":"Operating Revenue: JPY 41,186 million (YoY -5.8%)\nNet Income Attributable to Owners of Parent: JPY 13,355 million (YoY -17.1%)\nDividends per Unit (Including Excess Profit Distribution): JPY 3,634","jir_meta_title":"\u3010Nomura Real Estate Master Fund, Inc.\u3011FY Ending February 2026 Financial Summary\uff5cOperating Revenue JPY 41.2 Billion (YoY -5.8%)","jir_meta_description":"Financial summary for Nomura Real Estate Master Fund, Inc. for the fiscal year ending February 2026. Operating revenue of JPY 41,186 million, net income attributable to owners of parent JPY 13,355 million, and dividends of JPY 3,634 per unit announced. Maintains stable operations with a high occupancy rate of 98.9%.","jir_og_title":"\u3010Nomura Real Estate Master Fund, Inc.\u3011FY Ending February 2026 Financial Summary\uff5cOperating Revenue JPY 41.2 Billion (YoY -5.8%)","jir_og_description":"Announcement of the fiscal year ending February 2026 financial summary. Operating revenue of JPY 41,186 million, net income attributable to owners of parent JPY 13,355 million, and dividends per unit of JPY 3,634. 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