Fidelity Real Estate Income
FRIFX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Jan 8, 2003
- CIK
- 0000754510
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Real Estate Income Fund (FRIFX) is a mutual fund managed by Fidelity Management & Research Company LLC that seeks a high level of current income with capital appreciation as a secondary objective; it normally invests primarily in income-producing real estate-related investments, including real estate investment trusts (REITs), real estate operating companies, commercial mortgage-backed securities, and other real estate-related debt instruments such as mortgage whole loans, mezzanine loans, B-notes, junior participations, and preferred equity. The fund employs a flexible investment approach that may include up to 30% in senior, unsecured debt of non-real estate operating companies and up to 10% in equity securities, with allocations dynamically adjusted based on market conditions to balance income generation and growth potential. It operates within the miscellaneous allocation or real estate income category, targeting institutional and retail investors seeking diversified exposure to U.S. real estate debt and equity markets. The fund, which commenced operations on February 4, 2003, is headquartered in Boston, Massachusetts, as part of Fidelity Investments' extensive lineup of mutual funds offered through domestic and international channels. Fidelity Real Estate Income Fund maintains a portfolio diversified across real estate sectors such as retail, residential, office, industrial, and hospitality, with geographic focus predominantly in the United States. In recent developments, the fund has shown portfolio adjustments including a modest increase in corporate real estate investment-grade debt and cash holdings to navigate market volatility, as noted in its latest commentary periods through Q3 2025. It continues to outperform benchmarks in select quarters, such as Q2 2024 with a 1.31% gain versus the Fidelity Real Estate Income Composite Index's 0.11% and Q1 2025 with 3.37% versus the MSCI U.S. IMI Real Estate 25/50 Linked Index's 2.69%, reflecting effective active management amid real estate sector rotations. No major acquisitions, mergers, or structural reorganizations have been reported for the fund in the last 1-2 years, maintaining its core strategy under longstanding portfolio management.