2024-07-16 17:58:06 ET
Summary
- IGR is a real estate CEF trading at a discount to NAV of -5.5% with a 13.3% annual yield.
- Fund managers have an optimistic outlook for global REITs in 2024, and potential catalysts for future performance as interest rates decline.
- Global REIT growth remains resilient, with strong returns expected in 2024 due to various factors like contractual rent increases and high occupancy rates.
One of my high-yield income holdings in my Income Compounder portfolio is a real estate CEF that holds income producing global real estate equity securities. That fund, CBRE Global Real Estate Income ( IGR ), currently trades at a discount to NAV of about -5.5% and yields 13.3% annually based on monthly dividends of $0.06 per share. Back in November, I rated IGR a Strong Buy while other analysts were rating it as a Hold or Sell. In the time since that article was published, it has delivered a total return of about 35%, beating even the S&P 500 by a considerable amount....
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IGR: Get 13% Yield From This Global Real Estate Fund Before It Rebounds