Nomura Real Estate Master Fund, Inc. (TYO:3462)

TYO:3462 Income Statement

Financials in millions JPY. Fiscal year is September - August.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb 28, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Rental Revenue	79,632	78,622	77,287	75,623	75,584	74,505
Gain (Loss) on Sale of Assets (Rev)	8,567	5,835	6,345	920.82	-	-
Other Revenue	0	0	0	0	-	-
Total Revenue	88,199	84,457	83,632	76,543	75,584	74,505
Revenue Growth (YoY	6.24%	0.99%	9.26%	1.27%	1.45%	3.41%
Property Expenses	43,245	42,693	41,940	39,885	39,028	38,227
Selling, General & Administrative	352.81	351.76	347.3	344.46	351.49	340.08
Other Operating Expenses	1,079	1,054	1,055	891.39	848.01	806.89
Total Operating Expenses	49,921	49,343	48,586	46,366	45,472	44,618
Operating Income	38,278	35,114	35,045	30,178	30,112	29,886
Interest Expense	-4,605	-4,457	-4,372	-4,407	-4,626	-4,853
Interest & Investment Income	31.61	10.22	9.62	6.61	6.08	11.97
Other Non-Operating Income	-29.22	-18.35	-3.03	-5.03	-8.51	-66.15
EBT Excluding Unusual Items	33,676	30,648	30,680	25,773	25,484	24,979
Total Insurance Settlements	-	-	-	-	-	28.61
Other Unusual Items	-	-	17.91	109.13	-31	-12.34
Pretax Income	33,676	30,648	30,698	25,882	25,453	24,995
Income Tax Expense	1.21	1.21	2.56	4.85	2.25	6.89
Net Income	33,675	30,647	30,695	25,877	25,451	24,988
Net Income to Common	33,675	30,647	30,695	25,877	25,451	24,988
Net Income Growth	13.36%	-0.16%	18.62%	1.67%	1.85%	7.47%
Basic Shares Outstanding	5	5	5	5	5	5
Diluted Shares Outstanding	5	5	5	5	5	5
Shares Change (YoY)	-0.75%	-0.10%	-	-	1.10%	5.19%
EPS (Basic)	7195.37	6506.40	6509.89	5487.96	5397.60	5357.97
EPS (Diluted)	7195.37	6506.40	6509.89	5487.96	5397.60	5357.97
EPS Growth	14.21%	-0.05%	18.62%	1.67%	0.74%	2.17%
Dividend Per Share	6903.000	6353.000	6714.000	6544.000	6618.000	6596.000
Dividend Growth	9.49%	-5.38%	2.60%	-1.12%	0.33%	4.09%
Operating Margin	43.40%	41.58%	41.91%	39.43%	39.84%	40.11%
Profit Margin	38.18%	36.29%	36.70%	33.81%	33.67%	33.54%
EBITDA	55,019	51,896	51,745	46,771	46,427	45,655
EBITDA Margin	62.38%	61.45%	61.87%	61.10%	61.42%	61.28%
D&A For Ebitda	16,741	16,783	16,699	16,594	16,315	15,769
EBIT	38,278	35,114	35,045	30,178	30,112	29,886
EBIT Margin	43.40%	41.58%	41.91%	39.43%	39.84%	40.11%
Funds From Operations (FFO)	-	-	-	-	41,818	40,751
Adjusted Funds From Operations (AFFO)	-	-	-	-	41,818	40,751
FFO Payout Ratio	-	-	-	-	61.72%	58.60%
Effective Tax Rate	0.00%	0.00%	0.01%	0.02%	0.01%	0.03%
Revenue as Reported	88,199	84,457	83,632	76,543	75,584	74,505

Updated Oct 17, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.