For Translation Purposes Only

Eleventh Fiscal Period (December 1, 2011 to May 31, 2012) Financial Results
July 13, 2012For Immediate Release
Name: Nomura Real Estate Residential Fund, Inc.
Listed Stock Exchange: Tokyo Stock Exchange
Securities Code: 3240
Representative: Yoshinori Hirohata, 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: August 30, 2012
Scheduled Commencement Date of Cash Distribution: August 17, 2012
(Figures below one million yen are omitted)

1. Status of Management and Assets during the Eleventh Fiscal Period (ended May 31, 2012)(Percentage is ratio of increase/decrease from the prior period)(1) Status of Management
Operating Revenue

Operating Profits(%)

Millions of Yen

Ordinary Income

Millions of Yen

May 31, 2012

5,250

( 18.1)

2,507( 19.5)1,857( 25.6)

1,856( 25.7)

Nov. 30, 2011

4,445(–1.5)

2,098(–3.6)

1,479(–4.8)

1,477( 0.8)

Net Income Per Unit
Fiscal Period ended(%)

Millions of Yen

Net Income

Fiscal Period ended

ROE (Return on Equity)

Yen(%)

Millions of Yen

Ordinary Income toOperating Revenues Ratio

ROA (Return on Assets)

%(%)

%%

May 31, 2012

12,317

2.6

1.2

35.4

Nov. 30, 2011

11,769

2.3

1.1

33.3

(2) Status of Distribution
Cash
Distribution
Per Unit
Fiscal Period ended

Yen

Total CashDistribution

Distributions in
Excess of Net
Income Per Unit

Millions of Yen

Distributions in
Excess of Net
IncomeYen

PayoutRatio

YenDistributions to
Net Asset Ratio%%

May 31, 2012

12,302

1,856

00

99.9

2.5

Nov. 30, 2011

11,7701,477

00100.0

2.3(Note) Regarding the Payout Ratio, figures below the first decimal are omitted.

(3) Financial Position
Total Assets
Fiscal Period ended

Millions of Yen

Net Assets

Capital Adequacy Ratio

Millions of Yen

Net Assets Per Unit%Yen

May 31, 2012

156,780

70,81745.2

469,190

Nov. 30, 2011

140,152

63,27745.1

504,059

Cash Flows fromOperating Activities

Cash Flows from
Investing Activities

Cash Flows from
Financing Activities

Cash and Cash Equivalents
at End of Period(4) Status of Cash Flow
Fiscal Period ended

Millions of Yen

Millions of Yen

Millions of Yen

Millions of Yen

May 31, 2012

3,087

–15,985

14,5896,478

Nov. 30, 2011

2,247

–2,431–1,8554,786

2. Forecast of Financial Results for the Eleventh Fiscal Period (ending May 31, 2012)
OperatingRevenue

Operating Profits

Fiscal Period ending Millions of Yen (%) Millions of Yen

Nov. 30, 2012

5,182(–1.3)

2,445(Percentage is ratio of increase/decrease from the prior period)
Distributions inCash
Excess ofOrdinary Income
Net Income
Distributions
Net Income
Per Unit
Per Unit(%) Millions of Yen(–2.5)

1,857(%) Millions of Yen(0.0)

1,856(%)

Yen(–0.0)

12,300

Yen0(Reference) Forecast for Net Income Per Unit (Eleventh Fiscal Period): 12,300 yen

3. Other(1) Changes in Accounting Policies, Accounting Estimate, and Retrospective Restatementa. Changes in accounting policies due to revisions in accounting standards: Noneb. Changes not mentioned in a. above: Nonec. 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 May 31, 2012:
150,936 units
As of November 30, 2011:
125,535 units
b. The Number of treasury investment units
As of May 31, 2012:
0 units
As of November 30, 2011:
0 units(Note) Net income per unit is calculated by dividing net income by the weighted-average number of units outstanding forthe 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 undercertain 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 (“KessanTanshin”) in Japanese, released today. To confirm complete information, please refer to the original.
[Japanese] Brief Report of Financial Results (Eleventh Fiscal Period)