T.Rowe Price Global Real Estate Fund
TRGRX
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
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Real Estate
- Industry
- Real Estate - General
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Oct 28, 2008
- CIK
- 0001440930
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Global Real Estate Fund (TRGRX) is an open-end mutual fund that seeks long-term growth through a combination of capital appreciation and current income by investing at least 80% of its net assets in equity securities of real estate companies worldwide, including the United States; it typically allocates to at least five countries with at least 25% in foreign issuers, encompassing real estate investment trusts (REITs), REIT-like entities, and real estate operating companies across sectors such as residential, industrial, office, retail, and data centers. The fund, managed by Jai Kapadia since 2021 with support from T. Rowe Price's dedicated real estate analysts in North America, Europe, and Asia, employs a bottom-up fundamental research approach focusing on company management, asset base potential, supply-demand dynamics, balance sheet strength, and long-term ownership viability. As of late 2025, top holdings include Welltower Inc (approximately 6%), Equinix Inc (6%), and Prologis Inc (5%), with total assets under management around $66 million, a net expense ratio of 0.95%, and portfolio turnover of 32%. Launched on October 27, 2008, and domiciled in the United States, the fund is part of T. Rowe Price Group, Inc.'s suite of mutual funds targeting institutional and retail investors seeking global real estate exposure. It operates primarily through U.S.-based distribution but provides diversified geographic exposure to real estate markets in North America, Europe, Asia, and other regions via its equity holdings. In September 2025, T. Rowe Price announced a strategic collaboration with Goldman Sachs Asset Management, including a $1 billion investment by Goldman Sachs for a 3.5% stake and joint initiatives such as co-branded target-date strategies incorporating private markets (launching mid-2026), model portfolios for mass-affluent and high-net-worth clients featuring private equity and infrastructure, multi-asset offerings, and personalized retirement advice solutions. This partnership enhances T. Rowe Price's private markets capabilities and retail distribution while leveraging Goldman's expertise in alternatives. In December 2025, the firms debuted their first joint product offerings, including two new active equity strategies, further expanding their collaborative product lineup.