Declared Dividend • May 26
First half dividend of JP¥3,695 announced Shareholders will receive a dividend of JP¥3,695. Ex-date: 28th August 2026 Payment date: 19th November 2026 Dividend yield will be 4.8%, which is higher than the industry average of 4.5%. Reported Earnings • Apr 22
First half 2026 earnings released: EPS: JP¥2,874 (vs JP¥3,434 in 1H 2025) First half 2026 results: EPS: JP¥2,874 (down from JP¥3,434 in 1H 2025). Revenue: JP¥41.2b (down 4.5% from 1H 2025). Net income: JP¥13.4b (down 17% from 1H 2025). Profit margin: 32% (down from 37% in 1H 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 4.4% p.a. on average during the next 3 years, while revenues in the REITs industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • Apr 18
Nomura Real Estate Master Fund, Inc. announces Semi-Annual dividend, payable on November 19, 2026 Nomura Real Estate Master Fund, Inc. announced Semi-Annual dividend of JPY 3237.0000 per share payable on November 19, 2026, ex-date on August 28, 2026 and record date on August 31, 2026. Announcement • Mar 18
An undisclosed buyer agreed to acquire Harumi Island Triton Square Office Tower Z from Nomura Real Estate Master Fund, Inc. (TSE:3462) for ¥8.6 billion. An undisclosed buyer agreed to acquire Harumi Island Triton Square Office Tower Z from Nomura Real Estate Master Fund, Inc. (TSE:3462) for ¥8.6 billion on March 17, 2026. A cash consideration of ¥8.6 billion will be paid by the buyer. The transaction is expected to close on March 30, 2026. The proceeds from the sale will be allocated to cash on hand. Buy Or Sell Opportunity • Feb 25
Now 20% overvalued Over the last 90 days, the stock has fallen 1.0% to JP¥171,600. The fair value is estimated to be JP¥142,692, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 7.9%. Revenue is forecast to decline by 6.5% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥3,624 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 25 May 2026. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (4.8%). Announcement • Feb 10
Nomura Real Estate Master Fund, Inc. to Report Fiscal Year 2026 Results on Apr 17, 2026 Nomura Real Estate Master Fund, Inc. announced that they will report fiscal year 2026 results on Apr 17, 2026 Buy Or Sell Opportunity • Jan 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.1% to JP¥172,800. The fair value is estimated to be JP¥141,575, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 7.9%. Revenue is forecast to decline by 6.5% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years. Buy Or Sell Opportunity • Dec 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.4% to JP¥172,100. The fair value is estimated to be JP¥143,359, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 7.9%. Revenue is forecast to decline by 8.5% in 2 years. Earnings are forecast to grow by 0.1% in the next 2 years. Declared Dividend • Dec 11
Final dividend of JP¥3,624 announced Shareholders will receive a dividend of JP¥3,624. Ex-date: 26th February 2026 Payment date: 25th May 2026 Dividend yield will be 4.3%, which is lower than the industry average of 4.5%. Announcement • Dec 10
Nomura Real Estate Master Fund, Inc. announces Semi-Annual dividend, payable on May 25, 2026 Nomura Real Estate Master Fund, Inc. announced Semi-Annual dividend of JPY 3124.0000 per share payable on May 25, 2026, ex-date on February 26, 2026 and record date on February 28, 2026. Price Target Changed • Dec 04
Price target increased by 10% to JP¥183,640 Up from JP¥166,533, the current price target is an average from 5 analysts. New target price is 10% above last closing price of JP¥166,400. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥6,704 for next year compared to JP¥6,900 last year. Buy Or Sell Opportunity • Nov 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.9% to JP¥172,000. The fair value is estimated to be JP¥142,880, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 7.9%. Revenue is forecast to decline by 20% in 2 years. Earnings are forecast to decline by 3.0% in the next 2 years. Reported Earnings • Oct 17
Full year 2025 earnings released: EPS: JP¥6,900 (vs JP¥6,506 in FY 2024) Full year 2025 results: EPS: JP¥6,900 (up from JP¥6,506 in FY 2024). Revenue: JP¥86.8b (up 2.8% from FY 2024). Net income: JP¥32.1b (up 4.7% from FY 2024). Profit margin: 37% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 28
Nomura Real Estate Master Fund, Inc. (TSE:3462) agreed to acquire H¹O Aoyama from Nomura Real Estate Development Co., Ltd. for ¥4.7 billion. Nomura Real Estate Master Fund, Inc. (TSE:3462) agreed to acquire H¹O Aoyama from Nomura Real Estate Development Co., Ltd. for ¥4.7 billion on August 27, 2025. A cash consideration of ¥4.7 billion will be paid by Nomura Real Estate Master Fund, Inc. As part of consideration, ¥4.7 billion is paid towards assets of H¹O Aoyama.
For the period ending December 31, 2024, H¹O Aoyama reported total revenue of ¥259 million.
The Scheduled Date of Purchase and Sales Agreement and expected completion of the transaction is August 28, 2025. Announcement • Aug 04
Nomura Real Estate Master Fund, Inc. to Report Fiscal Year 2025 Final Results on Oct 16, 2025 Nomura Real Estate Master Fund, Inc. announced that they will report fiscal year 2025 final results at 12:00 PM, Tokyo Standard Time on Oct 16, 2025 Announcement • May 28
Nomura Real Estate Master Fund, Inc. (TSE:3462) signed a letter of intent to acquire &HOTEL HAKATA from B-Lot Company Limited (TSE:3452) for ¥3.8 billion. Nomura Real Estate Master Fund, Inc. (TSE:3462) signed a letter of intent to acquire &HOTEL HAKATA from B-Lot Company Limited (TSE:3452) for ¥3.8 billion on May 27, 2025. A cash consideration of ¥3.8 billion will be paid by Nomura Real Estate Master Fund, Inc. As part of consideration, ¥3.8 billion is paid towards common equity of &HOTEL HAKATA. Nomura Real Estate Master Fund, Inc. will pay B-Lot Company Limited the entire purchase price in a lump sum by using cash on hand. In a related transaction, Nomura Real Estate Master Fund, Inc. is selling PRIME URBAN Gakugei Daigaku, PRIME URBAN Nishi Ogikubo, PRIME URBAN Yukigaya and PRIME URBAN Kashii to B-Lot Company Limited.
The transaction is subject to consummation of another merger.
Conclusion of sale agreement for acquisition of the &HOTEL HAKATA is expected on May 29, 2025. The expected completion of the transaction is June 25, 2025. Declared Dividend • May 24
First half dividend of JP¥3,555 announced Shareholders will receive a dividend of JP¥3,555. Ex-date: 28th August 2025 Payment date: 1st January 1970 Dividend yield will be 4.9%, which is higher than the industry average of 4.5%. Reported Earnings • Apr 19
First half 2025 earnings released: EPS: JP¥3,441 (vs JP¥2,748 in 1H 2024) First half 2025 results: EPS: JP¥3,441 (up from JP¥2,748 in 1H 2024). Revenue: JP¥43.1b (up 9.5% from 1H 2024). Net income: JP¥16.0b (up 23% from 1H 2024). Profit margin: 37% (up from 33% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is expected to fall by 11% p.a. on average during the next 3 years compared to a 2.9% decline forecast for the REITs industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 12
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at JP¥139,500. The fair value is estimated to be JP¥116,188, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 8.1%. Revenue is forecast to decline by 13% in 2 years. Earnings are forecast to decline by 9.9% in the next 2 years. Announcement • Mar 05
Nomura Real Estate Master Fund, Inc. (TSE:3462) signed a letter of intent to acquire PROUD FLAT Asakusa Tresage and PROUD FLAT Nippori from Nomura Real Estate Development Co., Ltd. for ¥4.8 billion. Nomura Real Estate Master Fund, Inc. (TSE:3462) signed a letter of intent to acquire PROUD FLAT Asakusa Tresage and PROUD FLAT Nippori from Nomura Real Estate Development Co., Ltd. for ¥4.8 billion on March 4, 2025. A cash consideration of ¥4.85 million will be paid towards the asset of PROUD FLAT Asakusa Tresage and PROUD FLAT Nippori.
As of December 31, 2024, PROUD FLAT Asakusa Tresage and PROUD FLAT Nippori reported a combined revenue of ¥211 million.
The expected date for signing of share purchase agreement is March 5, 2025. The transaction is expected to be completed on March 25, 2025. Announcement • Mar 04
Nomura Real Estate Master Fund, Inc. to Report Fiscal Year 2025 Results on Apr 17, 2025 Nomura Real Estate Master Fund, Inc. announced that they will report fiscal year 2025 results on Apr 17, 2025 Upcoming Dividend • Feb 20
Upcoming dividend of JP¥3,446 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 26 May 2025. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (5.2%). Declared Dividend • Feb 01
Final dividend of JP¥3,446 announced Shareholders will receive a dividend of JP¥3,446. Ex-date: 27th February 2025 Payment date: 26th May 2025 Dividend yield will be 4.6%, which is about the same as the industry average. Buy Or Sell Opportunity • Jan 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.4% to JP¥149,300. The fair value is estimated to be JP¥123,847, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 8.1%. Revenue is forecast to decline by 13% in 2 years. Earnings are forecast to decline by 9.9% in the next 2 years. Reported Earnings • Oct 19
Full year 2024 earnings released: EPS: JP¥6,506 (vs JP¥6,510 in FY 2023) Full year 2024 results: EPS: JP¥6,506 (down from JP¥6,510 in FY 2023). Revenue: JP¥84.5b (up 1.0% from FY 2023). Net income: JP¥30.6b (flat on FY 2023). Profit margin: 36% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥3,391 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 20 November 2024. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (5.0%). Buy Or Sell Opportunity • Aug 14
Now 21% overvalued Over the last 90 days, the stock has fallen 4.5% to JP¥146,900. The fair value is estimated to be JP¥120,923, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 5.1%. For the next 3 years, revenue is forecast to decline by 7.4% per annum. Earnings are also forecast to decline by 1.7% per annum over the same time period. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • May 31
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to JP¥147,700. The fair value is estimated to be JP¥119,189, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 5.1%. For the next 3 years, revenue is forecast to decline by 7.7% per annum. Earnings are also forecast to decline by 1.6% per annum over the same time period. Buy Or Sell Opportunity • Apr 22
Now 25% overvalued Over the last 90 days, the stock has fallen 7.5% to JP¥151,000. The fair value is estimated to be JP¥120,898, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 5.1%. For the next 3 years, revenue is forecast to decline by 7.7% per annum. Earnings are also forecast to decline by 1.6% per annum over the same time period. Declared Dividend • Apr 20
Final dividend of JP¥3,302 announced Shareholders will receive a dividend of JP¥3,302. Ex-date: 29th August 2024 Payment date: 20th November 2024 Dividend yield will be 4.6%, which is about the same as the industry average. Buy Or Sell Opportunity • Mar 19
Now 25% overvalued Over the last 90 days, the stock has fallen 10% to JP¥146,600. The fair value is estimated to be JP¥117,645, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 5.1%. Revenue is forecast to decline by 19% in 2 years. Earnings are forecast to decline by 12% in the next 2 years. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥3,376 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 22 May 2024. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (4.8%). Announcement • Dec 13
Nomura Real Estate Master Fund, Inc. (TSE:3462) agreed to acquire MIMARU SUITES in Tokyo Asakusa from Cosmos Initia Co., Ltd. (TSE:8844) for ¥2.4 billion. Nomura Real Estate Master Fund, Inc. (TSE:3462) agreed to acquire MIMARU SUITES in Tokyo Asakusa from Cosmos Initia Co., Ltd. (TSE:8844) for ¥2.4 billion on December 12, 2023. The agreement for the deal is scheduled to conclude on December 14, 2023. The transaction is expected to close on April 3, 2024. Reported Earnings • Dec 03
Full year 2023 earnings released: EPS: JP¥6,510 (vs JP¥5,488 in FY 2022) Full year 2023 results: EPS: JP¥6,510 (up from JP¥5,488 in FY 2022). Revenue: JP¥83.6b (up 9.3% from FY 2022). Net income: JP¥30.7b (up 19% from FY 2022). Profit margin: 37% (up from 34% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 6.5% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the REITs industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. New Risk • Oct 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (243% payout ratio). Reported Earnings • Oct 19
Full year 2023 earnings released Full year 2023 results: Revenue: JP¥83.6b (up 9.3% from FY 2022). Net income: JP¥30.7b (up 19% from FY 2022). Profit margin: 37% (up from 34% in FY 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥3,402 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 20 November 2023. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (4.4%). Reported Earnings • Jun 06
First half 2023 earnings released: EPS: JP¥2,958 (vs JP¥2,625 in 1H 2022) First half 2023 results: EPS: JP¥2,958 (up from JP¥2,625 in 1H 2022). Revenue: JP¥40.0b (up 6.6% from 1H 2022). Net income: JP¥13.9b (up 13% from 1H 2022). Profit margin: 35% (up from 33% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 4.6% p.a. on average during the next 3 years compared to a 2.1% decline forecast for the REITs industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Apr 21
First half 2023 earnings released First half 2023 results: Revenue: JP¥40.0b (up 6.6% from 1H 2022). Net income: JP¥13.9b (up 13% from 1H 2022). Profit margin: 35% (up from 33% in 1H 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥3,312 per share at 4.3% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 24 May 2023. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (4.0%). Reported Earnings • Oct 21
Full year 2022 earnings released: EPS: JP¥5,488 (vs JP¥5,398 in FY 2021) Full year 2022 results: EPS: JP¥5,488 (up from JP¥5,398 in FY 2021). Revenue: JP¥76.5b (up 1.3% from FY 2021). Net income: JP¥25.9b (up 1.7% from FY 2021). Profit margin: 34% (in line with FY 2021). Net asset value (NAV) per share: JP¥130,456 (flat on FY 2021). The current share price is 22% higher than NAV per share. Revenue is expected to decline by 5.7% p.a. on average during the next 2 years, while revenues in the REITs industry in Asia are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥3,296 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 21 November 2022. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.6%). Buying Opportunity • Aug 17
Now 21% undervalued Over the last 90 days, the stock is up 4.3%. The fair value is estimated to be JP¥213,830, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 5.7% in 2 years. Earnings is forecast to grow by 21% in the next 2 years. Buying Opportunity • Apr 28
Now 22% undervalued Over the last 90 days, the stock is up 4.2%. The fair value is estimated to be JP¥208,636, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 24% in 2 years. Earnings is forecast to grow by 12% in the next 2 years. Reported Earnings • Apr 20
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down JP¥13.0b from profit in 1H 2021). Profit margin: (down from 34% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 12% compared to a 12% growth forecast for the industry in Japan. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥3,227 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 20 May 2022. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.8%). Reported Earnings • Oct 14
Full year 2021 earnings released: EPS JP¥5,398 (vs JP¥5,358 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥75.6b (up 1.4% from FY 2020). Net income: JP¥25.5b (up 1.9% from FY 2020). Profit margin: 34% (in line with FY 2020). Net asset value (NAV) per share: JP¥131,468 (flat on FY 2020). The current share price is 29% higher than NAV per share. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥3,288 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 20 November 2021. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (3.4%). Reported Earnings • Apr 17
First half 2021 earnings released: EPS JP¥2,761 (vs JP¥2,643 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: JP¥38.1b (up 3.1% from 1H 2020). Net income: JP¥13.0b (up 6.8% from 1H 2020). Profit margin: 34% (up from 33% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Is New 90 Day High Low • Mar 16
New 90-day high: JP¥177,000 The company is up 25% from a price of JP¥141,200 on 16 December 2020. Outperformed the Japanese market which is up 10.0% over the last 90 days. Exceeded the REITs industry, which is up 14% over the same period. Upcoming Dividend • Feb 18
Upcoming Dividend of JP¥3,330 Per Share Will be paid on the 20th of May to those who are registered shareholders by the 25th of February. The trailing yield of 3.9% is in the top quartile of Japanese dividend payers (2.8%), and it is in line with industry peers (3.8%). Is New 90 Day High Low • Jan 29
New 90-day high: JP¥158,900 The company is up 28% from its price of JP¥124,600 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: JP¥148,500 The company is up 10.0% from its price of JP¥134,800 on 09 October 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: JP¥141,200 The company is up 6.0% from its price of JP¥133,200 on 17 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥140,100 The company is up 2.0% from its price of JP¥136,800 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 2.0% over the same period. Announcement • Aug 24
Nomura Real Estate Master Fund, Inc. to Report First Half, 2021 Results on Oct 14, 2020 Nomura Real Estate Master Fund, Inc. announced that they will report first half, 2021 results on Oct 14, 2020 
