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NMMRF Nomura Real Estate Master Fund, Inc. — distribution yield, history & ex-dividend dates

Other OTC· Semi-Annual distribution· Closed-End Fund

$1,008.35 ▼ $-0.00(0.00%) as of Oct 29, 2026 06:20 UTC
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Nomura Real Estate Master Fund, Inc. operates as a real estate investment trust (REIT). Its primary objective is to foster long-term asset appreciation and generate steady income for its unitholders. The Fund focuses its investments mainly on commercial properties and logistics centers strategically located across the Tokyo and Kinki regions, in addition to other selected areas. Nomura Real Estate Asset Management Co., Ltd. serves as the manager for this Fund.

Distribution Snapshot

StatusReduced
Last Distribution$20.4767Pays Nov 20, 2026
Forward Annual$46.42Regular distributions paid over the last 12 months
FrequencySemi-Annual
Last Ex-DateAug 31, 2026The most recent ex-dividend date that has already passed.
1-Yr Growth1.9%Annual totals, 2024–2025

Research Scores

Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.

Dividend Safety Score

77/100

Strong indicators

Complete data

Dividend Growth Score

56/100

Moderate growth record

Complete data

Dividend Value Score

Not Rated

required input missing: yield history

DividendRank

63/100

Upper middle of the scale

Partial data

How the Dividend Safety Score is built for NMMRF
InputValuePointsWeight
Operating cash flow payout ratioOperating cash flow payout ratio 41% (FY2025) 100 35%
Net debt / EBITDANet debt / EBITDA 8.7x (FY2025) 15 20%
Interest coverageInterest coverage, EBITDA basis 1,622.0x (FY2025) 100 15%
Dividend record10 years of uninterrupted regular payments 70 20%
Operating cash flow stabilityOperating cash flow positive in 5 of the last 5 fiscal years (FY2021–FY2025) 100 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: real estate investment trust. Formula version 2026-10-19.4.

How the Dividend Growth Score is built for NMMRF
InputValuePointsWeight
5-year dividend growth5-year dividend CAGR -4.3% (2020–2025) 3 25%
Consecutive annual increases1 consecutive annual increase (through 2025) 25 20%
Payout headroomHeadroom from the operating cash flow payout ratio 41% (FY2025) 100 20%
Operating cash flow per share growth (3 years)Operating cash flow per share CAGR 16.4% (FY2022–FY2025) 100 15%
Revenue growth (3 years)Revenue CAGR 7.1% (FY2022–FY2025) 95 10%
10-year dividend growthN/A (not used) N/A 10%

Inputs that are not available are left out and the remaining weights are scaled up. Profile: real estate investment trust. Formula version 2026-10-19.4.

Key Metrics

Distribution Yield

4.60%

At the Oct 29, 2026 price

The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.

Annualized Distribution

$46.4160

The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.

Frequency

S Semi-Annual

How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.

RSI (14)

0

As of Oct 29, 2026

Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.

52-Week Range

$1,008.35 – $1,008.35

Closes through Apr 07, 2026

The lowest and highest price over the past year, showing where today's price sits in its recent range.

Payout Ratio

n/a

The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.

Years Paying

10

How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.

Price / Book (TTM)

0.01

Price as of Oct 25, 2026; latest reported book value

Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.

S.A.F.E. Dividend Read

S.A.F.E. is a set of four checks on a dividend's record and the company's data, the same test used across the screener and our ranked lists. Solid: a Dividend Safety Score of 70+ and a yield of 2%+. Accelerating: at least three consecutive completed calendar years of higher total regular dividends. Flawless: since 1990, no calendar year whose total regular dividend fell more than 20% below the year before, and no suspension. Enduring: at least 20 years between the first and latest dividend in our records. All four met earns the S.A.F.E. flag.
S Solid
Below the Solid check (Dividend Safety Score 70+ and yield 2%+): Dividend Safety Score 77/100, yield 4.60%.
A Accelerating
Dividend growth has stalled — 1 consecutive annual increase(s), under the 3 this check looks for.
F Flawless
No calendar year's regular dividend total fell more than 20% below the year before, and no suspension of the regular dividend is on record.
E Enduring
10 year(s) of payments on record, under the 20 this check looks for.

Quote & Key Data

ExchangeOther OTCThe stock exchange where the shares trade, such as NYSE or Nasdaq.
VolumeN/AHow many shares changed hands in the trading session dated beside this figure, a rough read on trading activity. Daily bars are refreshed on a slower cycle than the quoted price, so this session can be older than the price above.
Open$1,008.35Apr 07, 2026 sessionThe price at the start of the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Day Range$1,008.35 – $1,008.35Apr 07, 2026 sessionThe lowest and highest price during the trading session dated beside this figure, which can be earlier than the session the quoted price comes from.
Prev Close$1,008.35Close of Apr 06, 2026The closing price from the session before the one dated beside these figures.
Market Cap$4.69BAs of Oct 29, 2026The company's total market value (share price times shares outstanding) on the date shown.
Shares Out4.65MImplied by market cap, Oct 29, 2026Shares outstanding implied by the market cap and share price on the date shown.
EPSn/aEarnings per share over the trailing twelve months (TTM), labeled with the end date of the latest reported quarter and shown in the company's reporting currency. Dividends are paid out of these earnings.
P/En/aPrice-to-earnings ratio: the share price on the date shown divided by trailing-twelve-month earnings per share. A rough gauge of how richly the stock is valued.
Last Ex-DateAug 31, 2026Pays Nov 20, 2026The most recent ex-dividend date that has already passed.
Next Ex-DateN/ANone declared yetThe ex-dividend date of the next payment the company has declared, or that is scheduled when no declaration is on file. Future dates our data provider only projects are not shown.

Distribution Growth

3-Yr Growth (CAGR)-3.1%Annual totals, 2022–2025The dividend's average annual growth rate over the period, compounded.
5-Yr Growth (CAGR)-4.3%Annual totals, 2020–2025The dividend's average annual growth rate over the period, compounded.
Consecutive Increases1 yrAnnual totals through 2025The number of consecutive years the dividend has increased.

Yield vs Its Own History

Current4.60%
Low / High4.68% – 4.70%
Percentile0%

Across 134 daily observations over the past 6 months (through Apr 07, 2026), NMMRF's current yield is higher than approximately 0% of them. Our stored price history for NMMRF covers the past 6 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.

Adjusted Price History

Distribution History

Distribution Payment History

Ex-dividend calendar →
Amount Type Declared Ex-Date Record Pay
$20.4767 A Regular N/A Aug 31, 2026 Aug 31, 2026 Nov 20, 2026
$2.6503 A Regular N/A Aug 28, 2026 Aug 31, 2026 Nov 20, 2026
$23.2890 S Regular Oct 16, 2025 Feb 26, 2026 Feb 28, 2026 May 25, 2026
$24.1106 S Regular Apr 17, 2025 Aug 29, 2025 Aug 31, 2025 Nov 19, 2025
$23.0488 S Regular N/A Feb 28, 2025 Feb 28, 2025 May 23, 2025
$23.6368 A Regular Apr 17, 2024 Aug 30, 2024 Aug 31, 2024 Nov 20, 2024
$22.6374 S Regular Oct 18, 2023 Feb 28, 2024 Feb 29, 2024 May 24, 2024
$23.3099 A Regular Apr 18, 2023 Aug 30, 2023 Aug 31, 2023 Nov 20, 2023
$24.3393 S Regular Oct 18, 2022 Feb 27, 2023 Feb 28, 2023 May 22, 2023
$23.7872 S Regular Apr 19, 2022 Aug 30, 2022 Aug 31, 2022 Nov 18, 2022
$28.0691 S Regular Oct 13, 2021 Feb 25, 2022 Feb 28, 2022 May 24, 2022
$29.9167 S Regular N/A Aug 30, 2021 Aug 31, 2021 Nov 19, 2021
$29.4221 A Regular Oct 14, 2020 Feb 26, 2021 Feb 28, 2021 May 20, 2021
$31.4996 S Regular N/A Aug 28, 2020 Aug 31, 2020 Nov 20, 2020
$27.3602 S Regular Oct 15, 2019 Feb 28, 2020 Feb 29, 2020 May 20, 2020
$27.4052 I Regular Apr 12, 2019 Aug 30, 2019 Aug 31, 2019 Nov 20, 2019
$28.2451 S Regular N/A Feb 26, 2019 Feb 28, 2019 May 17, 2019
$27.6134 S Regular N/A Aug 29, 2018 Aug 31, 2018 Nov 19, 2018
$28.4913 S Regular N/A Feb 26, 2018 Feb 28, 2018 May 18, 2018
$27.8537 A Regular N/A Aug 29, 2017 Aug 31, 2017 Nov 17, 2017
$26.9527 S Regular N/A Feb 24, 2017 Feb 28, 2017 May 19, 2017
$19.6933 S Regular N/A Feb 25, 2016 Feb 29, 2016 May 19, 2016

Peer Comparison

Selected closed-end fund distribution payers we cover, strongest DividendRank first — for context, not a recommendation.

TickerNameYield5-Yr GrowthStreakRank
ACNDF CapitaLand India Trust 4.82% 7.3% 1 yr 61
FREVS First Real Estate Investment Trust of New Jersey, Inc. 2.12% N/A 2 yrs 47
FCXXF First Capital Real Estate Investment Trust 3.92% -0.1% 1 yr 44
NXDT NexPoint Diversified Real Estate Trust 2.29% -13.7% 0 yrs 30

Related Guides & Lists

NMMRF dividend — frequently asked questions

Does Nomura Real Estate Master Fund, Inc. pay a dividend?

Yes. Nomura Real Estate Master Fund, Inc. (NMMRF) currently pays a dividend. The annualized dividend is about $46.42 per share, a yield of approximately 4.60%.

What is Nomura Real Estate Master Fund, Inc.'s dividend yield?

Nomura Real Estate Master Fund, Inc.'s dividend yield is approximately 4.60%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.

How often does Nomura Real Estate Master Fund, Inc. pay dividends?

Nomura Real Estate Master Fund, Inc. pays dividends semi-annually — 2 times per year.

How long has Nomura Real Estate Master Fund, Inc. paid dividends?

Nomura Real Estate Master Fund, Inc. has 10 years of dividend payments on record.

Data updated Oct 29, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.