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CBRE Global Real Estate Income Fund - IGR STOCK NEWS

Welcome to our dedicated page for CBRE Global Real Estate Income Fund news (Ticker: IGR), a resource for investors and traders seeking the latest updates and insights on CBRE Global Real Estate Income Fund stock.

The CBRE Global Real Estate Income Fund (IGR) is a diversified, closed-end management investment company based in the United States. Its primary objective is high current income, with a secondary focus on capital appreciation. The fund strategically invests a majority of its assets in income-producing real estate securities, primarily situated in well-established markets such as North America, Europe, Australia, and Asia.

These investments are spread across various sectors including diversified, retail, industrial, residential, hotels, healthcare, and other specialized sectors, providing a balanced and comprehensive portfolio. Managed by the industry-leading CBRE Clarion Securities, an affiliate of CBRE Global Investors, the fund leverages extensive local market insights from experienced investment teams in the U.S., Europe, and Asia.

CBRE Clarion Securities is renowned for its expertise in real assets, including real estate, infrastructure, and MLP securities. The firm offers innovative strategies for clients to capitalize on investment opportunities in listed securities across various regions and sectors worldwide. As the listed equity management division of CBRE Global Investors, they benefit from being part of the CBRE Group, Inc. (NYSE: CBRE), the world's premier full-service commercial real estate services and investment company.

With a robust financial condition and a strategic approach to investment, the CBRE Global Real Estate Income Fund aims to provide investors with steady income streams and potential capital growth. Recent achievements and ongoing projects continue to reflect their commitment to delivering value and performance in the real estate investment domain.

Rhea-AI Summary

The CBRE Global Real Estate Income Fund (NYSE: IGR) has announced three monthly distributions of $0.06 per share for July, August, and September 2024, totaling $0.18 per share. Key dates include the declaration date of July 8, 2024, and payable dates on July 31, August 30, and September 30, 2024. The annualized distribution rate is 14.3% based on a market price of $5.03 on July 5, 2024.

Additionally, a webinar is scheduled for July 30, 2024, to discuss market conditions and portfolio updates. The Fund’s cumulative total return for 2024 is -7.74%, with a cumulative distribution rate of 6.72%. The average annual total return over the past five years is 1.69%, with an average annual distribution rate of 9.09%. The Fund noted that a portion of distributions may constitute a return of capital. For further details, visit the Fund’s website.

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CBRE Global Real Estate Income Fund (IGR) declares three distributions of $0.06 per share for April, May, and June 2024, totaling $0.18 per share. The fund's annualized distribution rate is 14.0% based on market price and 13.0% based on NAV. The Board reviews distributions quarterly based on income and gains. The fund has made six monthly distributions totaling $0.36 per share for Jan-Jun 2024.
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Rhea-AI Summary
CBRE Global Real Estate Income Fund (IGR) declares monthly distributions for April, May, and June 2024. The fund will distribute $0.06 per share for each month, totaling $0.18 per share. A webinar with the portfolio management team is scheduled for April 30, 2024, to provide updates on the portfolio and market conditions. The fund's current annualized distribution rate is 14.0% based on market price. Shareholders will receive a Form 1099-DIV for tax reporting purposes.
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CBRE Global Real Estate Income Fund (IGR) has declared three distributions of $0.06 per share for the months of January, February, and March 2024, totaling $0.18 per share. The current annualized distribution rate is 13.4% based on the closing market price of $5.36 on January 4, 2024, and 11.9% based on a closing NAV of $6.07 as of the same date. The Fund's distribution policy is subject to change, and future earnings cannot be guaranteed. IGR is a closed-end fund traded on the NYSE, primarily investing in real estate securities.
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The CBRE Global Real Estate Income Fund has declared three distributions of $0.06 per share for October, November, and December 2023. The current annualized distribution rate is 17.0% based on the closing market price of $4.24 on October 5, 2023.
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FAQ

What is the primary objective of the CBRE Global Real Estate Income Fund?

The primary objective of the CBRE Global Real Estate Income Fund is to achieve high current income.

What is the secondary objective of the CBRE Global Real Estate Income Fund?

The secondary objective is capital appreciation.

In which markets does the fund invest?

The fund invests in developed markets including North America, Europe, Australia, and Asia.

Which sectors are included in the fund's portfolio?

The fund's portfolio includes diversified, retail, industrial, residential, hotels, healthcare, and other sectors.

Who manages the CBRE Global Real Estate Income Fund?

The fund is managed by CBRE Clarion Securities, an affiliate of CBRE Global Investors.

What is CBRE Clarion Securities known for?

CBRE Clarion Securities is known for its expertise in real assets, including real estate, infrastructure, and MLP securities.

How does the fund aim to deliver value to its investors?

The fund aims to provide steady income streams and potential capital growth through strategic investments.

What are some recent achievements of the fund?

Recent achievements include successful investment strategies and ongoing projects that align with the fund's objectives.

Which company is CBRE Clarion Securities a part of?

CBRE Clarion Securities is part of CBRE Group, Inc. (NYSE: CBRE).

How does CBRE Clarion Securities approach investment opportunities?

They offer innovative ways to capitalize on investment opportunities in listed securities across various regions and sectors worldwide.

CBRE Global Real Estate Income Fund

NYSE:IGR

IGR Rankings

IGR Stock Data

779.63M
139.97M
0.02%
25.29%
0.09%
Asset Management
Financial Services
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United States of America
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