IGR - IGR: 3 Reasons This REIT Fund Gets A Downgrade

2024-01-29 13:10:48 ET

Summary

• In our last article, we gave IGR an upgrade.
• That has played out and the fund has delivered a scintillating return since then.
• In this article, we give you three reasons as to why we are now downgrading IGR.

Fundamentals evolve at a slow pace. Prices on the other hand, follow the madness of crowds and can rapidly outpace the fundamentals. This applies in either direction. On our last coverage of CBRE Global Real Estate Income Fund ( IGR ) we decided that nature had run its course, but a bit too far and a bit too fast. We gave you three reasons that we were upgrading IGR to a "Hold". While nowhere near the exact bottom, the thesis did play out shortly after that. IGR has rebounded and if we stayed with the "Sell" call, we would have definitely had some explaining to do....

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