CBRE Global Real Estate Income Fund

CBRE Global Real Estate Income Fund

IGR
CBRE Global Real Estate Income FundUS flagNew York Stock Exchange
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USD
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Recent

price

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P/E

ratio

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div

yld

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ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
0.96
-0.82
1.93
-0.14
2.99
-3.45
0.85
-0.37
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Revenue per Share
0.94
-0.84
1.91
-0.15
2.97
-3.47
0.84
-0.38
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Basic EPS, GAAP
-0.15
1.47
0.21
-0.85
0.34
0.49
0.27
0.23
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Free Cash Flow per Basic Share
0.6
0.6
0.6
0.59
0.6
0.7
0.72
0.71
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Dividend per Share
-0.06
-1.2
0.41
0.05
2.42
-1.75
-1.33
-2.2
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Book Value per Share
9
7.56
8.88
7.99
10.47
6.32
6.5
5.03
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Tangible Book Value per Share
116
116
116
118
117
116
133
143
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Basic Weighted Avg Shares
111
-96
224
-16
348
-402
114
-53
19
Sales/Revenue/Turnover
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Operating Margin (%)
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Depreciation Expense
109
-98
222
-18
346
-404
112
-54
17
Net Income, GAAP
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Effective Tax Rate (%)
98.29
102.05
99.12
110.97
99.49
100.5
98.63
103.16
90.52
Profit Margin (%)
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Working Capital
176
74
121
290
320
345
289
348
327
LT Debt
1,048
881
1,033
945
1,222
736
867
721
681
Total Equity
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Return on Invested Capital (%)
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Return on Capital (%)
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-67.36
241.02
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Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
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-3.03%
-5.6%
Free Cash Flow
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-0.53%
135.96%
Net Income, GAAP
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-535.32%
-131.32%
Sales/Revenue/Turnover
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-580.69%
-135.69%
Total Cash Common Dividend
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9.21%
6.15%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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114
2024
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-53
2025
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19

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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0.84
2024
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-0.38
2025
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Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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0.72
2024
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0.71
2025
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Business
CBRE Global Real Estate Income Fund (NYSE: IGR) is an actively managed closed-end fund that trades on the New York Stock Exchange and seeks high current income as its primary objective, with capital appreciation as its secondary objective. The Fund invests globally primarily in income-producing common equity securities of real estate companies, including real estate investment trusts (REITs), and up to 25% of its assets in preferred shares of such companies; it offers shareholders monthly distributions that may be taken in cash or reinvested, targeting high income potential through REIT dividends and global diversification to mitigate portfolio risk. Managed by CBRE Investment Management, a division of CBRE Group, Inc., the Fund was launched in 2004 and is based in Dallas, Texas. The Fund focuses on the real estate securities industry, with exposure to various property sectors such as offices, retail, residential, industrial, and data centers across target markets including institutional and retail investors seeking real estate income exposure. Its portfolio emphasizes developed markets worldwide, including North America, Europe, and Asia-Pacific, providing diversified geographic operations. Recent developments include regular monthly distribution declarations, such as $0.06 per share for October, November, and December 2025, maintaining an annualized distribution rate of approximately 14% based on market price; similar announcements occurred for April through June 2025. In the broader CBRE ecosystem, CBRE Group announced in January 2025 a definitive agreement to acquire the remaining equity stake in Industrious, a flexible workplace provider, to form a new Building Operations & Experience segment integrating facilities management and property operations, expected to close later that month and generating about $20 billion in 2024 revenue. No major fund-specific acquisitions, funding rounds, or strategic shifts for IGR were reported in the last 1-2 years, though it continues to emphasize opportunistic investments in undervalued global real estate amid 2025 market opportunities.