CBRE Global Real Estate Income Fund [IGR] Stock Forecast

For the first month in four, both equity (+6.05% on a NAV basis) and fixed income (+5.81%) CEFs on average posted handsome plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV, with 10% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Developed Markets CEFs (+8.93%), for the first month in eight, outpaced the other classifications in the equity CEF universe for November.

CBRE Global Real Estate Income Fund has performed poorly compared to its peers, and that leaves it on the list of potential distribution cutters. I believe Cohen & Steers Real Estate Opportunities and Income Fund and Cohen & Steers Quality Income Realty Fund offer better opportunities in the real estate and REIT space. The IGR closed-end fund otherwise offers a decent discount and added global exposure that could be seen as potentially worth the risks.

Real estate has been one of the worst-performing sectors in the U.S. equity market over the past three years. Global real estate market conditions are stabilizing, indicating a potential recovery in the sector. CBRE Global Real Estate Income Fund is showing signs of recovery and offers high current income and potential for capital appreciation.

CBRE Global Real Estate Income Fund held a Sell rating from us since September 2022. That has been the correct call as the REIT CEF has delivered massively negative returns. We give you 3 reasons why we are upgrading this to a hold.

CBRE Global Real Estate Income Fund is an equity closed end fund with a primary objective of high current income and secondary objective of capital appreciation. IGR invests in global REIT equity, with the U.S. making up only 62% of the collateral allocation. IGR has a high leverage ratio of 30% and is considered a high beta instrument, making it riskier but with potential for higher returns in a structural bull market.

CBRE Global Real Estate Income Fund is a fully diversified REIT closed-end fund that invests in equity markets across the major developed markets of North America, Europe, and Asia-Pacific regions. The IGR CEF selected the right segments. But, it's unfortunate that major investments from those sectors failed to generate price growth during the past 18 months. For almost 20 years, IGR has been offering steady monthly payout with a strong yield. Prior to 2022, the price performance of IGR was not bad, either.

Real estate is one way to protect your wealth against inflation due to the fact that it cannot be created out of thin air like fiat currency. CBRE Global Real Estate Income Fund invests in a portfolio of REITs from around the world, and it appears to be avoiding the most problematic sectors. The IGR closed-end fund did underperform the U.S. real estate index over the past five years, but this is not a perfect comparison.

After completing its rights offering last month, the fund continues to trade at what would appear to be an attractive discount. The fund offers exposure to global real estate when most other CEFs focus more specifically on U.S. allocations.

IGR's rights offering was oversubscribed. The NAV/share hit was around -3.5%.

No slowdown here. After the worst year of performance on record in 2022, Industrial REITs have rebounded this year after earnings results showed a surprising re-strengthening of property-level fundamentals. Recent earnings results showed that demand continues to substantially outpace available supply. Rent growth reaccelerated in early-2023, with rental spreads averaging over 40%, while occupancy rates climbed to fresh record.

CBRE Global Real Estate Income Fund is a US stock , located in Radnor of Pa and trading under the symbol IGR

CBRE Global Real Estate Income Fund stock price is $4.79 today.

Yes, CBRE Global Real Estate Income Fund is a publicly traded company.