NMMRF (Nomura Real Estate Master Fund) Days Payable: 32.48 (As of Feb. 2026) — Near Median


NMMRF Nomura Real Estate Master Fund Inc NMMRF
58 GF Score
Price $1,008.35
GF Value $1,050.09
! 5 Warning Signs
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What is Nomura Real Estate Master Fund Days Payable?

Nomura Real Estate Master Fund NMMRF 58 Days Payable is 32.48 as of Feb. 2026, which is 6% above its 10-year median of 30.67. GuruFocus rates NMMRF with a GF Score™ of 58/100 and a GF Value™ of $1,050.09. The stock has 5 warning signs investors should review. Among 549 REITs companies, Nomura Real Estate Master Fund ranks worse than 82.51% on this metric.

Nomura Real Estate Master Fund's average Accounts Payable for the six months ended in Feb. 2026 was $21.3 Mil. Nomura Real Estate Master Fund's Cost of Goods Sold for the six months ended in Feb. 2026 was $119.6 Mil. Hence, Nomura Real Estate Master Fund's Days Payable for the six months ended in Feb. 2026 was 32.48.

The historical rank and industry rank for Nomura Real Estate Master Fund's Days Payable or its related term are showing as below:

NMMRF' s Days Payable Range Over the Past 10 Years
Min: 17.62   Med: 30.67   Max: 34.36
Current: 29.47

During the past 11 years, Nomura Real Estate Master Fund's highest Days Payable was 34.36. The lowest was 17.62. And the median was 30.67.

NMMRF's Days Payable is ranked worse than
82.51% of 549 companies
in the REITs industry
Industry Median: 119.66 vs NMMRF: 29.47

Nomura Real Estate Master Fund's Days Payable increased from Feb. 2025 (27.54) to Feb. 2026 (32.48). It may suggest that Nomura Real Estate Master Fund delayed paying its suppliers.


Nomura Real Estate Master Fund Days Payable Historical Data

* Premium members only.

The historical data trend for Nomura Real Estate Master Fund's Days Payable 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 Days Payable Chart

Nomura Real Estate Master Fund Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.11 29.68 32.50 31.44 30.83

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
Days Payable 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 26.99 23.94 27.54 26.78 32.48

NMMRF vs SPG, O, KIM: Days Payable Comparison

For the REIT - Retail subindustry, Nomura Real Estate Master Fund's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Nomura Real Estate Master Fund's Days Payable distribution charts can be found below:

* The bar in red indicates where Nomura Real Estate Master Fund's Days Payable falls into.


NMMRF
58GF Score
Nomura Real Estate Master Fund Inc NMMRF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Nomura Real Estate Master Fund Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Nomura Real Estate Master Fund's Days Payable for the fiscal year that ended in Aug. 2024 is calculated as

Days Payable (A: Aug. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Aug. 2023 ) + Accounts Payable (A: Aug. 2024 )) / count ) / Cost of Goods Sold (A: Aug. 2024 )*Days in Period
=( (21.503 + 19.397) / 2 ) / 242.107*365
=20.45 / 242.107*365
=30.83

Nomura Real Estate Master Fund's Days Payable for the quarter that ended in Feb. 2026 is calculated as:

Days Payable (Q: Feb. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2025 ) + Accounts Payable (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (20.018 + 22.566) / 2 ) / 119.629*365 / 2
=21.292 / 119.629*365 / 2
=32.48

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 32.48 mean?
Nomura Real Estate Master Fund (NMMRF) has a Days Payable of 32.48 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nomura Real Estate Master Fund and its competitors. This is near median its historical median of 30.67. Over the past decade, Nomura Real Estate Master Fund's Days Payable has ranged from 17.62 to 34.36. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #453 out of 549 companies in the REITs industry, placing it in the top 82.5%.
Is Nomura Real Estate Master Fund's Days Payable too high?
Nomura Real Estate Master Fund's current Days Payable of 32.48 is near median its 10-year median of 30.67. Over the past 10 years, this metric has ranged from a low of 17.62 to a high of 34.36. The REITs industry median Days Payable is 119.66. Nomura Real Estate Master Fund's value of 32.48 is 72.9% below this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #453 out of 549 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Nomura Real Estate Master Fund has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Master Fund's Days Payable compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #453 out of 549 companies for Days Payable. This places Nomura Real Estate Master Fund in the lower half of its industry. The industry median Days Payable is 119.66. Nomura Real Estate Master Fund's value of 32.48 is 72.9% below this benchmark. Historically, Nomura Real Estate Master Fund's own Days Payable has ranged from 17.62 to 34.36 over the past decade. While the company's 10-year median is 30.67 vs. the industry median of 119.66, Nomura Real Estate Master Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.66, based on 549 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Real Estate Master Fund's current Days Payable of 32.48 is 72.9% below 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nomura Real Estate Master Fund and its competitors. For the REITs industry, the median Days Payable is 119.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current Days Payable is 32.48, which is near median its own 10-year median of 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 Days Payable of 32.48. The stock's GF Value™ is $1,050.09, compared to a current price of $1,008.35 — trading 4% below its estimated fair value. The current Days Payable is 32.48, which is near median its 10-year median of 30.67 and 72.9% below the REITs industry median of 119.66. Nomura Real Estate Master Fund's overall GF Score™ is 58/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Nomura Real Estate Master Fund (NMMRF), the current Days Payable is 32.48 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 4% below its estimated GF Value™ of $1,050.09.

Key valuation signals for NMMRF:

  • Days Payable: 32.48 (near median its 10-year median of 30.67)
  • GF Value™: $1,050.09 vs. price of $1,008.35 (4% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 72.9% below the REITs median (#453 of 549)

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.
58GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1,008.35
Price
$1,050.09
GF Value