For Translation Purposes Only
Fourteenth Fiscal Period (June 1, 2013 to November 30, 2013) Financial Results
January 15, 2014
For Immediate Release
Name: Nomura Real Estate Residential Fund, Inc. Listed Stock Exchange: Tokyo Stock Exchange Securities Code: 3240
Representative: Masatomi Natsume, Executive Director
URL: http://www.nre-rf.co.jp/english/
Asset Management Company: Nomura Real Estate Asset Management Co., Ltd. Representative: Yasuaki Fukui, President and Chief Executive Officer
Inquiries: Masatomi Natsume, NRF Chief Investment Officer
TEL: +81-3-3365-7729
Scheduled Issue Date of Securities Report: February 27, 2014
Scheduled Commencement Date of Cash Distrib ution: February 14, 2014
(Figures below one million yen are omitted)
1. Status of Management and Assets during the Fourteenth Fiscal Period (ended November 30, 2013)
(1) Status of Management (Percentage is ratio of increase/decrease from the prior period )
Operating Revenue | Operating Profits | Ordinary Income | Net Income | |
Fiscal Period ended Nov. 30, 2013 May 31, 2013 | Millions of Yen (%) 5,406 ( 2.8) 5,257 ( 1.6) | Millions of Yen (%) 2,558 ( 5.1) 2,433 ( -0.8) | Millions of Yen (%) 1,966 ( 4.7) 1,878 ( 0.1) | Millions of Yen (%) 1,965 ( 4.7) 1,876 ( 0.1) |
Net Income Per Unit | ROE (Return on Equity) | ROA (Return on Assets) | Ordinary Income to Operating Revenues Ratio | |
Fiscal Period ended Nov. 30, 2013 May 31, 2013 | Yen 12,591 12,434 | % 2.7 2.6 | % 1.2 1.2 | % 36.4 35.7 |
(2) Status of Distribution
Cash Distribution Per Unit | Total Cash Distribution | Distributions in Excess of Net Income Per Unit | Distributions in Excess of Net Income | Payout Ratio | Distributions to Net Asset Ratio | |
Fiscal Period ended Nov. 30, 2013 May 31, 2013 | Yen 12,221 12,170 | Millions of Yen 1,965 1,836 | Yen 0 0 | Yen 0 0 | % 100.0 97.8 | % 2.6 2.6 |
(Note 1) Payout ratio is calculated as follows since new investment units were issued through public offering and the mumber of investment units issued and outstanding was changed during the 14th fiscal period (rounded off to the first decimal place):
Payout ratio = Total Cash Distributions (excluding distribution in excess of earnings) ÷ Net income ×100 (Note2) Cash Distributions per Unit for the period ended May 31, 2013 is calculated by dividing the amount after
adding the provision of reser ve for reduction entry (¥ 40 million) to unappropriated retained earnings by the number of investment units issued and outstanding.
(3) Financial Position
Total Assets | Net Assets | Capital Adequacy Ratio | Net Assets Per Unit | |
Fiscal Period ended Nov. 30, 2013 May 31, 2013 | Millions of Yen 168,019 156,576 | Millions of Yen 75,236 70,838 | % 44.8 45.2 | Yen 467,887 469,326 |
(4) Status of Cash Flow
Cash Flows from Operating Activities | Cash Flows from Investing Activities | Cash Flows from Financing Activities | Cash and Cash Equivalents at End of Period | |
Fiscal Period ended Nov. 30, 2013 May 31, 2013 | Millions of Yen 4,478 3,677 | Millions of Yen -12,887 -1,515 | Millions of Yen 9,245 -1,967 | Millions of Yen 7,594 6,757 |
2. Forecast of Financial Results for the Fifteenth Fiscal Period (ending May 31, 2014)
(Percentage is ratio of increase/decrease from the pri or period)
Operating Revenue | Operating Profits | Ordinary Income | Net Income | Cash Distributions Per Unit | Distributions in Excess of Net Income Per Unit | |
Fiscal Period ending May 31, 2014 | Millions of Yen (%) 5,531 ( 2.3) | Millions of Yen (%) 2,462 (-3.7) | Millions of Yen (%) 1,898 (-3.4) | Millions of Yen (%) 1,897 (-3.4) | Yen 12,050 | Yen 0 |
(Reference) Forecast for Net Income Per Unit (Fifteenth Fiscal Period): 11,801 yen
3. Other
(1) Changes in Accounting Policies, Accounting Estimate, and Retrospective Restatement a. Changes in accounting policies due to revisions in accounting standards: None
b. Changes not mentioned in a. above: None c. Changes in accounting estimate: None
d. Retrospective restatement: None
(2) The Number of Investment Units Issued
a. The Number of investment units issued (including treasury investment units) As of November 30, 2013: 160,800 units
As of May 31, 2013: 150,936 units
b. The Number of treasury investment units As of November 30, 2013: 0 units As of May 31, 2013: 0 units
(Note) Net income per unit is calculated by dividing net income by the weighted-average number of units outstanding for
the respective six-month period. Net income per unit after adjusting for diluted units is not stated because there are no diluted investment units.
The forecasts above are based on information currently available to NRF and deemed to be reasonable under certain conditions, and the actual results may vary due to many factors. Also, NRF does not guarantee the cash distribution amount stated above.
This information is an excerpt, which has been translated, from the Brief Report of Financial Results ("Kessan Tanshin") in Japanese, released today. To confirm complete information, please refer to the original. [Japanese] Brief Report of Financial Results ( Fourteenth Fiscal Period)
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