June 15, 2011

Nomura Office Fund Announces Financial Results for the Fiscal Period EndedApril 30, 2011
Maintained Portfolio Profitability and Continued Stable Cash Distribution

TOKYO--(BUSINESSWIRE)--Nomura
RealEstateOfficeFund,Inc.
(NOF)(URL:
http://www.nre-of.co.jp/english/) (TOKYO:8959), a Japanese office building real estate investment
trust (J-REIT), announces financial results for the fiscal period from November 1, 2010 to April 30,
2011.
(Omit fractions under one million yen)

(1) Operating Results (Ratio of increases and decreases in comparison with the previous period)
Operating Revenues
Period Ended

Operating Profits

Millions of yen(%)

Millions of yen

April 30, 201113,117(-1.8)

October 31, 2010

13,364(-2.4)

6,144
6,223

Net Incomeper Unit

Net Income
Period Ended

Millions of yen(%)

Current Profits(%)

Millions of yen

4,503
4,480

(-1.3)(-7.8)ROE(Return on
Equity)yen(%)(0.5)(-11.0)

ROA(Return onAssets)%

Current Profits
to Operating
Revenues Ratio%%

April 30, 2011

4,428(-1.1)

14,512

2.3

1.1

34.3

October 31, 2010

4,479(-11.0)14,680

2.4

1.1

33.5

Total CashDistributionDistributions in
Excess of Net
Income per Unit

Distributions
in Excess ofNet Incomeyen

Millions of yen(2) Distributions
Cash
Distributions
per Unit(Note1)
Period Endedyen

Millions of yen

PayoutRatio(Note2)Distributions
to Net Asset
Ratio%%

April 30, 2011

14,512

4,4270-99.9

2.3

October 31, 2010

14,681

4,479

0-

100.0

2.4

(Note1) Scheduled commencement date for cash distribution payment: July 19, 2011
(Note2) Payout Ratio is rounded off to the first decimal place.

(3) Financial Position
Total Assets
Period Ended

Net Assets

Millions of yen

April 30, 2011

404,069

October 31, 2010

407,703

Capital Adequacy Ratio

Millions of yen(Reference) Owned Capital: As of April 30, 2011

Net Assets per Unit%

189,88347.0

189,934

46.6

JPY189,883mln As of October 31, 2010

yen

622,318
622,486
JPY189,934mln(4) Cash Flows
Cash Flows fromOperating
Activities
Period Ended

Millions of yen

Cash Flows from
Investing Activities
Millions of yen

Cash Flows from
Financing Activities
Millions of yen

Cash and Cash
Equivalents
at End of Period
Millions of yen

April 30, 2011

9,039

-208

-7,87431,709October 31, 2010

6,131-2,814-5,780

30,753－1－Forecasts of Financial Results for the Fiscal Period Ending October 31, 2011 (From May 1,2011 to October 31, 2011)
OperatingRevenues

Operating Profits

Current Profits

Period Ending

Millions of yen (%)

Millions of yen (%)

Millions of yen (%) Millions of yen (%)

October 31, 2011

13,699 (4.4)

6,157 (0.2)

4,465 (-0.9)

Net Income

4,464 (0.8)

CashDistributions
per Unit

Distributions
in Excess ofNet Incomeper Unit

yenyen14,6300(Reference) Forecast Net Income per Unit: JPY14,630 yenOthers(1) Changes in Accounting Policies
a. Changes accompanying revisions in accounting standards
b. Changes excluding a. above

None.
None.

(2) Number of investment units issued
a. The number of investment units issued (including treasury investment units)
As of April 30, 2011
305,123
As of October 31, 2010
305,123b. The number of treasury investment units
As of April 30, 20110
As of October 31, 2010
0(Note) Net Income per Unit is figured out by dividing net income by the weighted average number of investment
units.
The forecasts above are based on information currently available to NOF and on a certain condition deemed to bereasonable. The actual results may vary due to many factors. Accordingly, NOF does not guarantee the cash
distribution amount identified above.
The information above is excerpt of and translated from Brief Report on Closing of Accounting Report (“KessanTanshin”) in Japanese released on June 15, 2011. To confirm complete information, please refer to the original.
(Japanese) http://www.nre-of.co.jp/site/file/tmp-TXmqs.pdf< About NOF > URL: http://www.nre-of.co.jp/english/
NOMURA OFFICE FUND, INC. (NOF) is listed on the Tokyo Stock Exchange (J-REIT) with the securities code number8959, managed by Nomura Real Estate Asset Management Co., Ltd. (NREAM) within the Nomura Real Estate Group.
The NOF Portfolio consists of office buildings located in the three major metropolitan areas andgovernment-designated cities, etc.
Executive Director: Yuichi Maruko*Asset Management Company (AM Company): Nomura Real Estate Asset Management Co., Ltd.
*President and Chief Executive Officer of the AM Company: Atsushi Ogata
Contacts
Nomura Real Estate Asset Management Co., Ltd.
Kenji Tsuga, +81-3-3365-0507
General ManagerOffice Management Division－2－