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( Reference ) SUMMARY OF FINANCIAL RESULTS ( REIT ) For the 22nd Fiscal Period Ended August 31 , 2026 REIT securities issuer : Securities code : Representative : October 16 , 2026 Nomura Real Estate Master Fund , Inc. ( " NMF " ) 3462 Stock exchange listing : Tokyo Stock Exchange Shuhei Yoshida , Executive Director Asset Management Company : Nomura Real Estate Asset Management Co. , Ltd. Representative : Inquiries : URL : https://www.nre-mf.co.jp/en/ Masaomi Katayama , President and Chief Executive Officer Yuichi Kaneyama , General Manager of Fund Management Department , Listed REIT Investment Management Group TEL : + 81-3-6271-9627 Scheduled date of filing of securities report : Scheduled date of commencement of distribution payout : November 27 , 2026 November 20 , 2026 Preparation of supplementary materials on financial results : Holding of briefing session on financial results : Yes Yes [ Amounts less than one million yen are truncated ] 1. Financial Results for the 22nd Fiscal Period ( from March 1 , 2026 to August 31 , 2026 ) ( 1 ) Operating Results [ figures are the rate of increase ( decrease ) compared with the previous period ] Operating revenues Period ended million yen % August 31 , 2026 February 28 , 2026 43,151 41,186 4.8 ( 5.8 ) Operating profit million yen % 18,050 13.8 15,858 ( 14.6 ) Ordinary income million yen 15,208 13,355 Net income % 13.9 ( 17.0 ) million yen % 15,207 13,355 13.9 ( 17.1 ) Period ended August 31 , 2026 Net income per unit yen February 28 , 2026 3,273 2,874 Return on unitholders ' equity Ratio of ordinary income to total assets Ratio of ordinary income to operating revenues % % % 2.5 1.3 2.2 1.1 35.2 32.4 ( 2 ) Distributions Period ended August 31 , 2026 February 28 , 2026 Distribution per unit ( excluding distribution in excess of net income ) yen 3,271 3,112 Total distributions ( excluding distribution in excess of net income ) million yen 15,198 14,459 Distribution in excess of Total distributions in excess of net income Distribution per unit ( including distribution in excess of net income ) Total distributions ( including distribution Distribution payout ratio Ratio of distributions to net assets net income per unit in excess of net income ) yen million yen yen 424 522 3,695 3,634 million yen 17,168 16,884 % % 99.9 2.5 108.2 1,970 2,425 2.4 ( Note 1 ) Of the ¥ 522 distribution in excess of net income per unit in the fiscal period ended February 28 , 2026 , ¥ 477 is a distribution of the allowance for temporary difference adjustments and ¥ 45 is other distributions in excess of net income . Furthermore , the ratio of decreasing surplus is 0.001 . All of the ¥ 424 of distribution in excess of net income per unit in the fiscal period ended August 31 , 2026 , is other distributions in excess of net income . Furthermore , the ratio of decreasing surplus is 0.004 . ( Note 2 ) Distribution Payout Ratio is calculated using the below formula and truncated at the first decimal place . Distribution Payout Ratio = Total Distributions ( excluding distribution in excess of Net Income ) / Net Income × 100 ( Note 3 ) Ratio of Distributions to Net Assets is calculated using the below formula and truncated at the first decimal place . Ratio of Distributions to Net Assets = Distribution Per Unit ( excluding distribution in excess of Net Income ) / { ( Net Assets per Unit at the beginning of the fiscal period + Net Assets per Unit at the end of the fiscal period ) / 2 } × 100 ( 3 ) Financial Position Total assets Net assets Net assets to total assets Net assets per unit Period ended August 31 , 2026 February 28 , 2026 million 1,176,590 1,179,913 yen million yen % yen 598,366 600,043 50.9 50.9 128,781 129,142