Neuberger Real Estate Securities Income Fund Inc

Neuberger Real Estate Securities Income Fund Inc

NRO
Neuberger Real Estate Securities Income Fund IncUS flagNew York Stock Exchange American
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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

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
1.59
0.33
1.02
0.55
0.92
0.07
0.65
0.37
-0.17
1.3
-1.46
1.73
-1.42
-0.01
1.27
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Revenue per Share
1.56
0.33
0.99
0.5
0.87
0.01
0.6
0.32
-0.2
1.27
-1.48
1.71
-1.45
-0.03
1.25
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Basic EPS, GAAP
-0.01
0.91
0.38
0.24
-0.05
0.33
0.39
1.55
1.05
0.47
1.61
-0.13
0.57
0.57
0.36
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Free Cash Flow per Basic Share
0.24
0.24
0.24
0.23
0.23
0.4
0.39
1.03
0.55
0.47
0.47
0.38
0.36
0.37
0.36
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Dividend per Share
-7.14
-7.31
-7.51
11.19
11.19
12.53
8.31
5.87
5.09
5.77
3.81
5.14
3.32
2.93
3.82
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Book Value per Share
4.19
4.28
5.06
5.32
5.94
6.37
5.92
5.7
5.09
5.77
3.81
5.14
3.32
2.93
3.82
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Tangible Book Value per Share
63
60
57
57
57
50
56
48
47
48
48
48
49
49
49
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Basic Weighted Avg Shares
101
20
58
31
53
3
36
18
-8
63
-70
84
-69
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62
-5
Sales/Revenue/Turnover
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94.86
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Operating Margin (%)
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Depreciation Expense
99
19
57
29
50
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34
16
-9
61
-71
83
-70
-1
61
-6
Net Income, GAAP
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Effective Tax Rate (%)
98.68
92.67
97.65
91.01
94.86
14.92
92.11
87.57
116.75
97.83
101.46
98.75
101.59
425.18
98.5
128.25
Profit Margin (%)
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Working Capital
53
100
80
80
100
100
100
125
100
100
45
70
60
50
50
70
LT Debt
265
257
289
304
340
321
333
275
240
279
185
249
161
142
185
206
Total Equity
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12.11
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Return on Invested Capital (%)
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Return on Capital (%)
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7.79
0.08
6.11
4.15
-3.52
23.67
-30.85
38.27
-34.23
-0.82
37.13
-3.18
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
-1.44%
5.92%
11.36%
Free Cash Flow
-60.71%
-207.61%
-367.93%
Net Income, GAAP
-9.68%
-1,122.47%
-110.25%
Sales/Revenue/Turnover
-2,217.29%
-4,374.63%
-107.87%
Total Cash Common Dividend
7.66%
-0.1%
23.34%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
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2024
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- -
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62
2025
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-5

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
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-0.03
2024
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1.25
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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0.37
2024
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- -
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0.36
2025
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Business
Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE: NRO) is a diversified, closed-end management investment company that seeks high current income with a secondary objective of capital appreciation by investing primarily in real estate securities. The fund's portfolio consists of commercial real estate-related equity securities, including real estate investment trusts (REITs), such as equity REITs, mortgage REITs, and hybrid REITs; real estate operating companies; and real estate-related debt securities, including commercial mortgage-backed securities (CMBS), mezzanine loans, and preferred stock; as well as other income-producing securities. It employs a bottom-up investment process focused on undervalued opportunities across office, residential, retail, industrial, lodging, healthcare, self-storage, and data center property sectors. The fund operates globally, with investments spanning the United States, Europe, Asia-Pacific, and other regions where real estate securities are available. Neuberger Berman Real Estate Securities Income Fund Inc. was launched in October 2003 and is managed by Neuberger Berman Investment Advisers LLC, with headquarters in New York City; it is externally managed and has no subsidiaries or parent company relationships beyond its affiliation with Neuberger Berman Group LLC. In recent developments, the fund announced a strategic reorganization plan in 2023, approved by shareholders, to merge with Neuberger Berman Real Estate Income Fund Inc. (RLT), enhancing scale, liquidity, and operational efficiency; the merger was completed in early 2024, positioning NRO as a larger, more diversified vehicle in the closed-end real estate fund space. Additionally, in 2025, the fund launched an at-the-market (ATM) equity offering program to raise up to $100 million, supporting portfolio growth amid favorable real estate market dynamics; it also formed a tactical allocation partnership with Neuberger Berman's sustainable real estate strategy team to incorporate ESG-focused securities into 20% of its holdings. These changes reflect ongoing adaptations to interest rate environments and investor demand for income-oriented real estate exposure.