Nomura Real Estate Master (3462) AI Stock Analysis

• Market Cap: ¥694.17B
• Dividend Yield: 4.61%
• Average Volume (3M): 9.84K
• Price to Earnings (P/E): 20.8
• Beta (1Y): 0.28
• Revenue Growth: 28.38%
• EPS Growth: 14.19%
• Country: JP
• Employees: 3
• Sector: Real Estate
• Sector Strength: 55
• Industry: REIT - Retail
• EPS (TTM): 3434.00
• Shares Outstanding: 4,646,364
• 10 Day Avg. Volume: 9,213
• 30 Day Avg. Volume: 9,842
• PEG Ratio: 1.41
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 24.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥164,000.58
• Price Target Upside: 9.77% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ¥154,475 ▲(3.40%Upside)

The stock's overall score is primarily driven by its strong financial performance and appealing valuation, making it attractive for investors seeking income. However, technical indicators suggest bearish momentum, which may present short-term risks.

Nomura Real Estate Master Business Overview & Revenue Model

Company Description

Nomura Real Estate Master Fund, Inc. is a Japanese real estate investment trust (REIT) that primarily invests in and manages a diversified portfolio of real estate properties. The company focuses on acquiring and managing high-quality office buildings, retail facilities, logistics centers, and residential properties. As a REIT, Nomura Real Estate Master Fund aims to generate stable income for its investors through its real estate holdings.

How the Company Makes Money

Nomura Real Estate Master Fund makes money primarily through rental income derived from its portfolio of real estate properties. The company leases office spaces, retail stores, logistics facilities, and residential units to various tenants, generating steady and recurring revenue streams. Additionally, the company may earn income from property management services and strategic property sales when market conditions are favorable. Significant factors contributing to its earnings include property acquisition strategies, occupancy rates, and lease agreements. Partnerships with property managers, developers, and financial institutions also play a crucial role in optimizing the performance of its real estate assets.

Nomura Real Estate Master Financial Statement Overview

Summary

Nomura Real Estate Master shows strong revenue growth and profitability margins, indicating robust operational efficiency. The balance sheet is stable with moderate leverage, though there are slight declines in ROE. Cash flow generation is strong but constrained by capital expenditures.

Income Statement

The company demonstrates steady revenue growth with a 10.36% increase from 2022 to 2023, despite a dip in 2024. The gross profit margin is strong at 49.5% in 2024, indicating efficient cost management. However, the net profit margin has decreased slightly from 29.99% in 2023 to 36.28% in 2024. EBITDA margin remains healthy at 61.45%, showing robust operating performance.

Balance Sheet

The company's balance sheet reveals a stable equity ratio of 51.23% in 2024, reflecting a solid capital structure. The debt-to-equity ratio is moderate at 0.86, indicating manageable leverage. ROE decreased slightly to 50.56% in 2024, implying reduced profitability on equity compared to previous years.

Cash Flow

Operating cash flow increased by 16.18% from 2023 to 2024, showing strong cash generation abilities. Free cash flow growth is positive, albeit at a slower pace of 6.71%. The operating cash flow to net income ratio is 2.47, suggesting healthy cash flow relative to net income. However, the free cash flow to net income ratio is lower at 1.16, indicating potential cash flow constraints.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	125.13B	84.46B	102.29B	76.54B	75.58B	74.50B
Gross Profit	40.16B	41.76B	37.26B	43.62B	43.51B	43.11B
EBITDA	55.02B	51.90B	51.74B	45.98B	45.54B	44.74B
Net Income	33.67B	30.65B	30.70B	25.88B	25.45B	24.99B
Balance Sheet
Total Assets	1.19T	1.18T	1.19T	1.19T	1.19T	1.20T
Cash, Cash Equivalents and Short-Term Investments	51.84B	32.47B	51.03B	31.61B	50.21B	62.54B
Total Debt	528.74B	521.30B	519.38B	517.47B	517.80B	517.89B
Total Liabilities	583.86B	576.97B	577.44B	572.45B	572.61B	572.26B
Stockholders Equity	603.09B	606.20B	614.69B	615.13B	619.90B	625.51B
Cash Flow
Free Cash Flow	46.80B	35.67B	33.43B	12.40B	19.34B	-5.72B
Operating Cash Flow	87.46B	75.74B	65.19B	50.64B	43.32B	41.50B
Investing Cash Flow	-45.86B	-41.86B	-31.76B	-37.73B	-23.95B	-45.88B
Financing Cash Flow	-34.87B	-39.25B	-27.28B	-31.13B	-31.42B	6.13B

Nomura Real Estate Master Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 149400.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3462, the sentiment is Positive. The current price of 149400 is above the 20-day moving average (MA) of 146830.00, above the 50-day MA of 145008.00, and above the 200-day MA of 141250.52, indicating a bullish trend. The MACD of 1283.00 indicates Negative momentum. The RSI at 65.66 is Neutral, neither overbought nor oversold. The STOCH value of 69.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3462.

Nomura Real Estate Master Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3283	75 Outperform	¥674.48B	27.24		4.64%	3.50%	5.40%
8972	73 Outperform	¥631.88B	18.61	5.41%	5.22%	78.59%	-28.91%
8953	72 Outperform	¥748.05B	20.73	5.50%	5.35%	-8.21%	9.33%
Sector *	70 Neutral	¥232.08B	14.13	10.67%	4.28%	17.32%	17.90%
3462	66 Neutral	¥694.17B	20.77	5.46%	4.61%	28.38%	14.19%
8984	66 Neutral	¥561.82B	24.17		6.92%	22.58%	8.16%

Nomura Real Estate Master Corporate Events

Nomura Real Estate Master Fund’s Strategic Property Transactions

Nomura Real Estate Master Fund, Inc. announced a strategic transaction involving the acquisition of a hotel property in Fukuoka City and the disposition of several residential properties. The acquisition aims to capitalize on the growing hotel market in Fukuoka, driven by increased tourism and business travel, while the disposition is expected to enhance investor returns through profit realization. This transaction aligns with the company’s objective to secure stable income and foster portfolio growth over the medium to long term.

The most recent analyst rating on (JP:3462) stock is a Hold with a Yen165000.00 price target. To see the full list of analyst forecasts on Nomura Real Estate Master stock, see the JP:3462 Stock Forecast page.

Nomura Real Estate Master Fund Announces Loan Interest Rates for Debt Financing

Nomura Real Estate Master Fund, Inc. has announced the determination of interest rates for a recent debt financing initiative involving a green loan. The financing totals 4,300 million yen, with loans from Development Bank of Japan Inc., MUFG Bank, Ltd., and Sumitomo Mitsui Trust Bank, Limited, each having fixed interest rates and varying terms. This move is part of the company’s strategy to manage its financial structure and optimize its investment portfolio, with no significant changes in investment risks reported.

The most recent analyst rating on (JP:3462) stock is a Hold with a Yen165000.00 price target. To see the full list of analyst forecasts on Nomura Real Estate Master stock, see the JP:3462 Stock Forecast page.

Nomura Real Estate Master Fund Announces Debt Refinancing with Green Loan Component

Nomura Real Estate Master Fund, Inc. has announced a debt financing initiative to refinance existing loans totaling ¥16,794.2 million, with the new loan amounting to ¥16,780 million. This refinancing move, which includes a green loan component, is aimed at repaying maturing loans and underscores the company’s commitment to sustainable finance practices, potentially enhancing its market position and stakeholder confidence.

The most recent analyst rating on (JP:3462) stock is a Hold with a Yen165000.00 price target. To see the full list of analyst forecasts on Nomura Real Estate Master stock, see the JP:3462 Stock Forecast page.

Nomura Real Estate Master Fund Proposes Amendments and Director Elections

Nomura Real Estate Master Fund, Inc. has announced proposed amendments to its Articles of Incorporation, including relocating its head office from Shinjuku-ku to Minato-ku, Tokyo, and setting a cap on the number of directors to balance management needs with asset size. Additionally, the company plans to re-elect its current executive and supervisory directors at the upcoming General Meeting of Unitholders, which is expected to impact its governance structure and operational efficiency.

Nomura Real Estate Master Fund Reports Decline in Revenues and Profits

Nomura Real Estate Master Fund, Inc. reported a decrease in operating revenues and profits for the fiscal period ending February 28, 2025, compared to the previous period. Despite the decline, the company maintained its distribution per unit, reflecting a commitment to stable payouts. The financial results indicate a challenging period with a decrease in net income and ordinary income, impacting the overall financial position. The announcement highlights the company’s efforts to manage distributions effectively, though it faces pressures in maintaining growth and profitability.