NMMRF (Nomura Real Estate Master Fund) Net Income: $195.3 Mil (TTM As of Feb. 2026)


NMMRF Nomura Real Estate Master Fund Inc NMMRF
57 GF Score
Price $1,008.35
GF Value $1,060.61
! 5 Warning Signs
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What is Nomura Real Estate Master Fund Net Income?

Nomura Real Estate Master Fund NMMRF 57 Net Income is $195.3 Mil as of Feb. 2026. GuruFocus rates NMMRF with a GF Score™ of 57/100 and a GF Value™ of $1,060.61. The stock has 5 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Nomura Real Estate Master Fund's Net Income for the six months ended in Feb. 2026 was $86.1 Mil. Its Net Income for the trailing twelve months (TTM) ended in Feb. 2026 was $195.3 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Nomura Real Estate Master Fund's Earnings per Share (Diluted) for the six months ended in Feb. 2026 was $18.53.


Nomura Real Estate Master Fund  (OTCPK:NMMRF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Nomura Real Estate Master Fund's Earnings per Share (Diluted) (EPS) for the quarter that ended in Feb. 2026 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Nomura Real Estate Master Fund Net Income Related Terms


Nomura Real Estate Master Fund Net Income Historical Data

* Premium members only.

The historical data trend for Nomura Real Estate Master Fund's Net Income 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 Net Income Chart

Nomura Real Estate Master Fund Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 235.71 231.68 191.28 212.01 209.53

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
Net Income 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 86.61 120.94 105.47 109.20 86.11
NMMRF
57GF Score
Nomura Real Estate Master Fund Inc NMMRF
Net Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nomura Real Estate Master Fund Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

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

Net Income(A: Aug. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=209.538+-0.008+0+0
=209.5

Nomura Real Estate Master Fund's Net Income for the quarter that ended in Feb. 2026 is calculated as

Net Income(Q: Feb. 2026 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=86.111+-0.004+0+0
=86.1

Net Income 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 $195.3 Mil.

* 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 Net Income →
What does a Net Income of $195.3 Mil mean?
Nomura Real Estate Master Fund (NMMRF) has a Net Income of $195.3 Mil as of Feb. 2026. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Nomura Real Estate Master Fund and its competitors.
Is Nomura Real Estate Master Fund's Net Income too high?
Nomura Real Estate Master Fund's current Net Income is $195.3 Mil. Overall, Nomura Real Estate Master Fund has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Master Fund's Net Income compare to SPG and O?
Nomura Real Estate Master Fund's Net Income of $195.3 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a REITs company?
A good Net Income depends on the REITs industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Nomura Real Estate Master Fund and its competitors. Nomura Real Estate Master Fund's current Net Income is $195.3 Mil. 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 Net Income of $195.3 Mil. The stock's GF Value™ is $1,060.61, compared to a current price of $1,008.35 — trading 4.9% below its estimated fair value. The current Net Income is $195.3 Mil. Nomura Real Estate Master Fund's overall GF Score™ is 57/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Nomura Real Estate Master Fund (NMMRF), the current Net Income is $195.3 Mil 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 4.9% below its estimated GF Value™ of $1,060.61.

Key valuation signals for NMMRF:

  • Net Income: $195.3 Mil
  • GF Value™: $1,060.61 vs. price of $1,008.35 (4.9% below fair value)
  • GF Score™: 57/100 with 5 warning signs

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.
57GF Score

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

$1,008.35
Price
$1,060.61
GF Value