T. Rowe Price Real Estate
TRREX
NASDAQ- -
USD
- -
- -
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
- Address
- Baltimore, MD 21202 Baltimore MD United States of America 21202
- IPO Date
- Oct 31, 1997
- CIK
- 0001046404
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Real Estate Fund (TRREX) 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 companies deriving at least 50% of their revenue, profits, or assets from real estate activities; the fund maintains a significant portion of assets in real estate investment trusts (REITs), with primary holdings including Equinix Inc., Welltower Inc., American Tower Corp., Prologis Inc., and Public Storage, which together comprise over 37% of the portfolio, alongside allocations to other REITs in sectors such as data centers, healthcare, cell towers, industrial logistics, and self-storage. Launched on October 31, 1997, and domiciled in the United States with total net assets of approximately $660 million to $785 million as of recent reports, the fund primarily targets U.S. investors and focuses on mid-cap blend real estate securities, exhibiting low turnover of around 10% and a net expense ratio of 0.88%; it is available for sale in the United States with a minimum initial investment of $2,500. In a key recent development, Gregg Korondi assumed the role of portfolio manager effective January 1, 2024, succeeding prior management and prompting Morningstar to note that the new manager must demonstrate the ability to differentiate the fund from peers amid average ratings for its People and Process Pillars.