NMMRF (Nomura Real Estate Master Fund) Dividend Payout Ratio: 1.10 (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 Dividend Payout Ratio?

Nomura Real Estate Master Fund NMMRF 58 Dividend Payout Ratio is 1.10 as of Feb. 2026, which is 1% above its 10-year median of 1.09. GuruFocus rates NMMRF with a GF Scoreâ„¢ of 58/100 and a GF Valueâ„¢ of $1,050.09. The stock has 5 warning signs investors should review. Among 716 REITs companies, Nomura Real Estate Master Fund ranks worse than 56.98% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Nomura Real Estate Master Fund's Dividend Payout Ratio for the months ended in Feb. 2026 was 1.10.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Nomura Real Estate Master Fund Inc is 1.06, which seems too high.

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

NMMRF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.09   Max: 1.43
Current: 1.06

During the past 11 years, the highest Dividend Payout Ratio of Nomura Real Estate Master Fund was 1.43. The lowest was 0.98. And the median was 1.09.

NMMRF's Dividend Payout Ratio is ranked worse than
56.98% of 716 companies
in the REITs industry
Industry Median: 0.99 vs NMMRF: 1.06

As of today (2026-06-30), the Dividend Yield % of Nomura Real Estate Master Fund is 0.00%.

During the past 11 years, the highest Trailing Annual Dividend Yield of Nomura Real Estate Master Fund was 7.15%. The lowest was 2.60%. And the median was 3.81%.

Nomura Real Estate Master Fund's Dividends per Share for the months ended in Feb. 2026 was $20.35.

During the past 12 months, Nomura Real Estate Master Fund's average Dividends Per Share Growth Rate was -3.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.40% per year.

During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Nomura Real Estate Master Fund was 9.90% per year. The lowest was -1.50% per year. And the median was 2.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Nomura Real Estate Master Fund (OTCPK:NMMRF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Nomura Real Estate Master Fund Dividend Payout Ratio Related Terms

Nomura Real Estate Master Fund Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Nomura Real Estate Master Fund's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Nomura Real Estate Master Fund Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 1.09 1.04 0.98 0.98

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
Dividend Payout Ratio 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 1.06 0.92 1.01 1.02 1.10

NMMRF vs SPG, O, KIM: Dividend Payout Ratio Comparison

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

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

* The bar in red indicates where Nomura Real Estate Master Fund's Dividend Payout Ratio falls into.


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

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

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

Dividend Payout Ratio=Dividends per Share (A: Aug. 2024 )/ EPS without NRI (A: Aug. 2024 )
=43.435/ 44.491
=0.98

Nomura Real Estate Master Fund's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Feb. 2026 )/ EPS without NRI (Q: Feb. 2026 )
=20.354/ 18.532
=1.10

* 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 Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.10 mean?
Nomura Real Estate Master Fund (NMMRF) has a Dividend Payout Ratio of 1.10 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nomura Real Estate Master Fund and its competitors. This is near median its historical median of 1.09. Over the past decade, Nomura Real Estate Master Fund's Dividend Payout Ratio has ranged from 0.98 to 1.43. According to the industry distribution chart, Nomura Real Estate Master Fund ranks #408 out of 716 companies in the REITs industry, placing it in the top 57%.
Is Nomura Real Estate Master Fund's Dividend Payout Ratio too high?
Nomura Real Estate Master Fund's current Dividend Payout Ratio of 1.10 is near median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 1.43. The REITs industry median Dividend Payout Ratio is 0.99. Nomura Real Estate Master Fund's value of 1.10 is 11.1% above this industry median. Based on the distribution chart, Nomura Real Estate Master Fund ranks #408 out of 716 companies in the REITs industry, which is below the industry midpoint. Overall, Nomura Real Estate Master Fund has a GF Scoreâ„¢ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Master Fund's Dividend Payout Ratio compare to SPG and O?
According to the REITs industry distribution chart, Nomura Real Estate Master Fund ranks #408 out of 716 companies for Dividend Payout Ratio. This places Nomura Real Estate Master Fund in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Nomura Real Estate Master Fund's value of 1.10 is 11.1% above this benchmark. Historically, Nomura Real Estate Master Fund's own Dividend Payout Ratio has ranged from 0.98 to 1.43 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 0.99, Nomura Real Estate Master Fund has consistently been above 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 Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nomura Real Estate Master Fund's current Dividend Payout Ratio of 1.10 is 11.1% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Nomura Real Estate Master Fund and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nomura Real Estate Master Fund's current Dividend Payout Ratio is 1.10, which is near median its own 10-year median of 1.09. 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 Dividend Payout Ratio of 1.10. 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 Dividend Payout Ratio is 1.10, which is near median its 10-year median of 1.09 and 11.1% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Nomura Real Estate Master Fund (NMMRF), the current Dividend Payout Ratio is 1.10 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:

  • Dividend Payout Ratio: 1.10 (near median its 10-year median of 1.09)
  • 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: 11.1% above the REITs median (#408 of 716)

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

Get the complete analysis for NMMRF

Dividend Payout Ratio 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