Nomura Real Estate Master Fund (FRA:8BQ) Net Margin %: 32.43% (As of Feb. 2026) — Near Median


FRA:8BQ Nomura Real Estate Master Fund Inc FRA:8BQ
58 GF Score
Price €825.00
GF Value €859.15
! 5 Warning Signs
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What is Nomura Real Estate Master Fund Net Margin %?

Nomura Real Estate Master Fund FRA:8BQ +1.23% 58 Net Margin % is 32.43% as of Feb. 2026, which is 4% below its 10-year median of 33.67. GuruFocus rates FRA:8BQ with a GF Score™ of 58/100 and a GF Value™ of €859.15. The stock has 5 warning signs investors should review. Among 928 REITs companies, Nomura Real Estate Master Fund ranks worse than 60.13% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Nomura Real Estate Master Fund's Net Income for the six months ended in Feb. 2026 was €72.8 Mil. Nomura Real Estate Master Fund's Revenue for the six months ended in Feb. 2026 was €224.6 Mil. Therefore, Nomura Real Estate Master Fund's net margin for the quarter that ended in Feb. 2026 was 32.43%.

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

FRA:8BQ' s Net Margin % Range Over the Past 10 Years
Min: 30.01   Med: 33.67   Max: 38.37
Current: 34.7


FRA:8BQ's Net Margin % is ranked worse than
60.13% of 928 companies
in the REITs industry
Industry Median: 44.95 vs FRA:8BQ: 34.70

Nomura Real Estate Master Fund  (FRA:8BQ) Net Margin % Explanation

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.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Nomura Real Estate Master Fund Net Margin % Related Terms


Nomura Real Estate Master Fund Net Margin % Historical Data

* Premium members only.

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

Nomura Real Estate Master Fund Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.54 33.67 33.81 36.70 36.29

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 Margin % 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 32.91 39.24 37.08 36.84 32.43

FRA:8BQ vs SPG, O, KIM: Net Margin % Comparison

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

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

* The bar in red indicates where Nomura Real Estate Master Fund's Net Margin % falls into.


FRA:8BQ
58GF Score
Nomura Real Estate Master Fund Inc FRA:8BQ
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nomura Real Estate Master Fund Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

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

Net Margin=Net Income (A: Aug. 2024 )/Revenue (A: Aug. 2024 )
=190.044/523.727
=36.29 %

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

Net Margin=Net Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=72.846/224.649
=32.43 %

* 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 Margin % →
What does a Net Margin % of 32.43% mean?
Nomura Real Estate Master Fund (FRA:8BQ) has a Net Margin % of 32.43% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on Nomura Real Estate Master Fund and its competitors. This is near median its historical median of 33.67. Over the past decade, Nomura Real Estate Master Fund's Net Margin % has ranged from 30.01 to 38.37. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #558 out of 928 companies in the REITs industry, placing it in the top 60.1%.
Is Nomura Real Estate Master Fund's Net Margin % too high?
Nomura Real Estate Master Fund's current Net Margin % of 32.43% is near median its 10-year median of 33.67. Over the past 10 years, this metric has ranged from a low of 30.01 to a high of 38.37. The REITs industry median Net Margin % is 44.95. Nomura Real Estate Master Fund's value of 32.43% is 27.9% below this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #558 out of 928 companies in the REITs industry, which is below the industry midpoint. 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 Net Margin % compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #558 out of 928 companies for Net Margin %. This places Nomura Real Estate Master Fund in the lower half of its industry. The industry median Net Margin % is 44.95. Nomura Real Estate Master Fund's value of 32.43% is 27.9% below this benchmark. Historically, Nomura Real Estate Master Fund's own Net Margin % has ranged from 30.01 to 38.37 over the past decade. While the company's 10-year median is 33.67 vs. the industry median of 44.95, 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 44.95, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Real Estate Master Fund's current Net Margin % of 32.43% is 27.9% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Nomura Real Estate Master Fund and its competitors. For the REITs industry, the median Net Margin % is 44.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current Net Margin % is 32.43%, which is near median its own 10-year median of 33.67. 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 (FRA:8BQ) has a current Net Margin % of 32.43%. The stock's GF Value™ is €859.15, compared to a current price of €825.00 — trading 4% below its estimated fair value. The current Net Margin % is 32.43%, which is near median its 10-year median of 33.67 and 27.9% below the REITs industry median of 44.95. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Nomura Real Estate Master Fund (FRA:8BQ), the current Net Margin % is 32.43% 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 (FRA:8BQ) Overvalued in 2026?

Based on GuruFocus' analysis, Nomura Real Estate Master Fund stock appears to be undervalued. The current stock price of €825.00 is trading 4% below its estimated GF Value™ of €859.15.

Key valuation signals for FRA:8BQ:

  • Net Margin %: 32.43% (near median its 10-year median of 33.67)
  • GF Value™: €859.15 vs. price of €825.00 (4% below fair value)
  • GF Score™: 58/100 with 5 warning signs
  • Industry Position: 27.9% below the REITs median (#558 of 928)

No single metric tells the full story. See the FRA:8BQ 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

Get the complete analysis for FRA:8BQ

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

€825.00
Price
€859.15
GF Value