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An update from Nomura Real Estate Master ( (JP:3462) ) is now available.
Nomura Real Estate Master Fund reported operating revenues of ¥41.19 billion for the fiscal period ended February 28, 2026, down 5.8% year on year, with operating profit and net income also declining, leading to lower net income per unit of ¥2,874. Despite the earnings drop, the REIT maintained robust distributions, paying ¥3,112 per unit from net income and an additional ¥522 per unit in excess distributions mainly from allowance for temporary difference adjustments, resulting in a total distribution payout ratio above 100%.
Total assets were broadly stable at about ¥1.18 trillion, while net assets edged down and the net assets to total assets ratio slipped slightly to 50.9%, indicating a marginally weaker equity position. Cash and cash equivalents increased to ¥55.02 billion despite reduced operating cash flow, supported by smaller investing and financing outflows, and management projects a recovery in operating revenues and income for the fiscal period ending August 31, 2026, before moderating again in the following period, suggesting a measured outlook for earnings and distributions.
The most recent analyst rating on (JP:3462) stock is a Hold with a Yen164000.00 price target. To see the full list of analyst forecasts on Nomura Real Estate Master stock, see the JP:3462 Stock Forecast page.
More about Nomura Real Estate Master
Nomura Real Estate Master Fund, Inc. is a listed Japanese real estate investment trust (REIT) on the Tokyo Stock Exchange, managed by Nomura Real Estate Asset Management Co., Ltd. The fund invests in income-producing real estate assets and distributes earnings to unitholders, targeting stable cash flows and consistent distributions within Japan’s real estate market.
Average Trading Volume: 9,660
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen766.2B
For detailed information about 3462 stock, go to TipRanks’ Stock Analysis page.