NMMRF (Nomura Real Estate Master Fund) Operating Cash Flow per Share: $30.67 (TTM As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NMMRF Nomura Real Estate Master Fund Inc NMMRF
53 GF Score
Price $1,008.35
GF Value $1,137.11
! 5 Warning Signs
View Full Analysis

What is Nomura Real Estate Master Fund Operating Cash Flow per Share?

Nomura Real Estate Master Fund NMMRF 53 Operating Cash Flow per Share is $30.67 as of Feb. 2026. GuruFocus rates NMMRF with a GF Score™ of 53/100 and a GF Value™ of $1,137.11. The stock has 5 warning signs investors should review. Among 715 REITs companies, Nomura Real Estate Master Fund ranks better than 86.01% on this metric.

Nomura Real Estate Master Fund's operating cash flow per share for the six months ended in Feb. 2026 was $30.67. Nomura Real Estate Master Fund's operating cash flow per share for the trailing twelve months (TTM) ended in Feb. 2026 was $30.67.

During the past 12 months, the average Operating Cash Flow per Share Growth Rate of Nomura Real Estate Master Fund was -23.00% per year. During the past 3 years, the average Operating Cash Flow per Share Growth Rate was 20.50% per year. During the past 5 years, the average Operating Cash Flow per Share Growth Rate was 12.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the OCF Growth Rate using Operating Cash Flow per Share data.

The historical rank and industry rank for Nomura Real Estate Master Fund's Operating Cash Flow per Share or its related term are showing as below:

NMMRF' s 3-Year OCF Growth Rate Range Over the Past 10 Years
Min: -22.5   Med: 15.8   Max: 25.9
Current: 20.5

During the past 13 years, Nomura Real Estate Master Fund's highest 3-Year average Operating Cash Flow per Share Growth Rate was 25.90% per year. The lowest was -22.50% per year. And the median was 15.80% per year.

NMMRF's 3-Year OCF Growth Rate is ranked better than
86.01% of 715 companies
in the REITs industry
Industry Median: 1.7 vs NMMRF: 20.50

Nomura Real Estate Master Fund Operating Cash Flow per Share Related Terms


Nomura Real Estate Master Fund Operating Cash Flow per Share Historical Data

* Premium members only.

The historical data trend for Nomura Real Estate Master Fund's Operating Cash Flow per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nomura Real Estate Master Fund Operating Cash Flow per Share Chart

Nomura Real Estate Master Fund Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Operating Cash Flow per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 85.75 88.22 99.72 107.68 114.22

Nomura Real Estate Master Fund Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Operating Cash Flow per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.16 72.59 48.46 67.80 30.67

NMMRF vs SPG, O, KIM: Operating Cash Flow per Share Comparison

For the REIT - Retail subindustry, Nomura Real Estate Master Fund's Price-to-Operating-Cash-Flow, along with its competitors' market caps and Price-to-Operating-Cash-Flow data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nomura Real Estate Master Fund Price-to-Operating-Cash-Flow vs REITs Industry

For the REITs industry and Real Estate sector, Nomura Real Estate Master Fund's Price-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Nomura Real Estate Master Fund's Price-to-Operating-Cash-Flow falls into.


NMMRF
53GF Score
Nomura Real Estate Master Fund Inc NMMRF
Operating Cash Flow per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nomura Real Estate Master Fund Operating Cash Flow per Share Calculation

Operating Cash Flow per Share is the amount of Cash Flow from Operations per outstanding share of the company's stock.

Nomura Real Estate Master Fund's Operating Cash Flow per Share for the fiscal year that ended in Aug. 2025 is calculated as

Operating Cash Flow per Share (A: Aug. 2025 )=Cash Flow from Operations (A: Aug. 2025 )/Shares Outstanding (Diluted Average) (A: Aug. 2025 )
=531.20273526544/4.65054429053
=114.22

Nomura Real Estate Master Fund's Operating Cash Flow per Share for the quarter that ended in Aug. 2025 is calculated as

Operating Cash Flow per Share (Q: Feb. 2026 )=Cash Flow from Operations (Q: Feb. 2026 )/Shares Outstanding (Diluted Average) (Q: Feb. 2026 )
=142.5046916473/4.646364
=30.67

Operating Cash Flow per Share for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $30.67

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Operating Cash Flow per Share of $30.67 mean?
Nomura Real Estate Master Fund (NMMRF) has a Operating Cash Flow per Share of $30.67 as of Feb. 2026. Operating cash flow per share equals the per-share amount of cash flow from operations. View historical data on Nomura Real Estate Master Fund and its competitors. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #100 out of 715 companies in the REITs industry, placing it in the top 14%.
Is Nomura Real Estate Master Fund's Operating Cash Flow per Share too high?
Nomura Real Estate Master Fund's current Operating Cash Flow per Share is $30.67. The REITs industry median Operating Cash Flow per Share is 1.70. Nomura Real Estate Master Fund's value of $30.67 is 1704.1% above this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #100 out of 715 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Nomura Real Estate Master Fund has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Master Fund's Operating Cash Flow per Share compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #100 out of 715 companies for Operating Cash Flow per Share. This places Nomura Real Estate Master Fund in the top 14% of its industry — outperforming the majority of peers. The industry median Operating Cash Flow per Share is 1.70. Nomura Real Estate Master Fund's value of $30.67 is 1704.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Cash Flow per Share for a REITs company?
The median Operating Cash Flow per Share among REITs companies is 1.70, based on 715 companies in the industry. Companies in the top quartile (top 25%) have a Operating Cash Flow per Share significantly above this median, while those in the bottom quartile fall well below. However, Operating Cash Flow per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Real Estate Master Fund's current Operating Cash Flow per Share of $30.67 is 1704.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Cash Flow per Share mean?
A high Operating Cash Flow per Share can signal that a stock is expensive relative to its fundamentals. Operating cash flow per share equals the per-share amount of cash flow from operations. View historical data on Nomura Real Estate Master Fund and its competitors. For the REITs industry, the median Operating Cash Flow per Share is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current Operating Cash Flow per Share is $30.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura Real Estate Master Fund stock overvalued right now?
Nomura Real Estate Master Fund (NMMRF) has a current Operating Cash Flow per Share of $30.67. The stock's GF Value™ is $1,137.11, compared to a current price of $1,008.35 — trading 11.3% below its estimated fair value. The current Operating Cash Flow per Share is $30.67 and 1704.1% above the REITs industry median of 1.70. Nomura Real Estate Master Fund's overall GF Score™ is 53/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Cash Flow per Share calculated?
Operating Cash Flow per Share is calculated from a company's financial statements. For Nomura Real Estate Master Fund (NMMRF), the current Operating Cash Flow per Share is $30.67 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nomura Real Estate Master Fund (NMMRF) Overvalued in 2026?

Based on GuruFocus' analysis, Nomura Real Estate Master Fund stock appears to be undervalued. The current stock price of $1,008.35 is trading 11.3% below its estimated GF Value™ of $1,137.11.

Key valuation signals for NMMRF:

  • Operating Cash Flow per Share: $30.67
  • GF Value™: $1,137.11 vs. price of $1,008.35 (11.3% below fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 1704.1% above the REITs median (#100 of 715)

No single metric tells the full story. See the NMMRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nomura Real Estate Master Fund Business Description

Industry Real EstateREITs
Other Exchanges 3462:Japan
Address 1-13-1 Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8645
Nomura Real Estate Master Fund Inc is a Japanese based company operates as a real estate investment trust. It is implementing medium- to long-term management Strategy, to achieve securing stable income over the medium to long term period, also ensures the steady growth of assets under management. The company invests in logistic facilities and commercial facilities in the Tokyo metropolitan area. It is managed by the fund manager Nomura Real Estate Asset Management Co Ltd.
53GF Score

Get the complete analysis for NMMRF

Operating Cash Flow per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1,008.35
Price
$1,137.11
GF Value