RNP - JRS: Big Discount Ready For REIT Recovery
2024-06-06 15:19:04 ET
Summary
- JRS is a REIT CEF that offers a high yield of 9.2% and a deep NAV discount exceeding 12%. It is positioned well for a rebounding REIT market.
- JRS is a well-managed fund that is good for a retirement portfolio with high withdrawal plan, such as the 7% rule to combat high inflation.
- A mild rate cut from the Fed could benefit JRS and the REIT market, making it an attractive investment opportunity.
Introduction
One of the key characteristics of CEFs is the NAV discount, which is typically used to measure how cheap a CEF is in the market. There are different reasons why the CEFs can become cheap. As an interested investor, I often keep an eye on the NAV discount of well-managed CEFs. The Nuveen Real Estate Income Fund ( JRS ) is such a fund with a NAV discount of 12.44%, which looks very cheap and attractive to me....
JRS: Big Discount Ready For REIT Recovery