IGR

CBRE Global Real Estate Income Fund [IGR] Stock Forecast

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In the News

06:31 10 Dec 2023 IGR

The Month In Closed-End Funds: November 2023

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.

09:59 10 Dec 2023 IGR

IGR: Continues To Overpay Distribution, Leaving An Overhanging Risk

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.

12:54 10 Dec 2023 IGR

IGR: As Global Real Estate Stabilizes, Collect A 15% Yield From This CEF

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.

09:00 10 Dec 2023 IGR

IGR: 3 Reasons This REIT Fund Gets An Upgrade

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.

11:31 10 Dec 2023 IGR

IGR: Highly Levered, Highly Concentrated REIT Equity CEF

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.

11:24 10 Dec 2023 IGR

IGR: This High-Yielding REIT CEF Invests In The Right Sectors In The Right Markets

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.

06:33 10 Dec 2023 IGR

IGR: This 12.97%-Yielding Fund Has Quite A Bit Going For It

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.

11:12 10 Dec 2023 IGR

IGR: REITs At A Tempting Discount, But There Are Concerns

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.

11:53 10 Dec 2023 IGR

IGR Rights Offering Results

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

10:00 10 Dec 2023 IGR

Industrial REITs: We Love Logistics

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.

IGR Financial details

Company Rating
-
Market Cap
670.45M
Income
-
Revenue
-
Book val./share
-
Cash/share
-
Dividend
0.72
Dividend %
15.03%
Employees
-
Optionable
No
Shortable
Yes
Earnings
-
P/E
-1.4
Forward P/E
-
PEG
-
P/S
-1.67
P/B
0.77
P/C
-
P/FCF
11.78
Quick Ratio
9.56
Current Ratio
9.56
Debt / Equity
0.43
LT Debt / Equity
0.43
-
-
EPS (TTM)
-
EPS next Y
-
EPS next Q
2.09
EPS this Y
-215.15%
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
32.42%
Revenue last 5Y
33.2%
Revenue Q/Q
-
EPS Q/Q
-
-
-
-
-
SMA20
10%
SMA50
2.6%
SMA100
-13.21%
Inst Own
31.9%
Inst Trans
0.86%
ROA
-37%
ROE
-41%
ROC
-0.37%
Gross Margin
100%
Oper. Margin
98%
Profit Margin
100%
Payout
-20%
Shs Outstand
139.97M
Shs Float
0
-
-
-
-
Target Price
-
52W Range
3.88-7.21
52W High
-31.57%
52W Low
+59.67%
RSI
61.68
Rel Volume
0.91
Avg Volume
740.41K
Volume
670.83K
Perf Week
3.9%
Perf Month
21.27%
Perf Quarter
-7.88%
Perf Half Y
-9.62%
-
-
-
-
Beta
1.314
-
-
Volatility
0.08%, 0.25%
Prev Close
0.21%
Price
4.79
Change
-0.42%

IGR Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric History 2018-12-312019-12-312020-12-312021-12-31 2022-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
-0.821.93-0.142.99-3.4
Net income per share
-0.841.91-0.152.97-3.42
Operating cash flow per share
1.470.21-0.850.340.48
Free cash flow per share
1.470.21-0.850.340.48
Cash per share
00.01000
Book value per share
7.568.887.9910.476.22
Tangible book value per share
7.568.887.9910.476.22
Share holders equity per share
7.568.887.9910.476.22
Interest debt per share
0.671.082.472.772.99
Market cap
717.51M933.04M813.72M1.14B677.71M
Enterprise value
791.44M1.05B1.1B1.46B1.02B
P/E ratio
-7.334.2-45.873.3-1.68
Price to sales ratio
-7.484.16-50.93.28-1.69
POCF ratio
4.1838.06-8.1229.1311.91
PFCF ratio
4.1838.06-8.1229.1311.91
P/B Ratio
0.810.90.860.930.92
PTB ratio
0.810.90.860.930.92
EV to sales
-8.254.69-69.014.2-2.54
Enterprise value over EBITDA
-8.44.74-62.194.22-2.58
EV to operating cash flow
4.6142.92-11.0137.317.98
EV to free cash flow
4.6142.92-11.0137.317.98
Earnings yield
-0.140.24-0.020.3-0.6
Free cash flow yield
0.240.03-0.120.030.08
Debt to equity
0.080.120.310.260.47
Debt to assets
0.080.10.230.210.32
Net debt to EBITDA
-0.780.54-16.320.92-0.87
Current ratio
0.630.361.180.869.56
Interest coverage
-26.3254.28-7.47146.64-47.45
Income quality
-1.750.115.650.11-0.14
Dividend Yield
0.10.070.090.060.12
Payout ratio
-0.720.31-3.940.2-0.2
Sales general and administrative to revenue
-0.020.01-0.100
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
11.9519.535.1926.4621.87
ROIC
-0.10.19-0.010.22-0.37
Return on tangible assets
-0.10.18-0.010.22-0.37
Graham Net
-0.69-1.56-2.47-2.79-2.84
Working capital
-3.48M-52.47M1.99M-1.48M13.66M
Tangible asset value
880.64M1.03B945.19M1.22B736.01M
Net current asset value
-78.76M-174.76M-288.93M-323.34M-332.7M
Invested capital
0.080.120.310.260.47
Average receivables
5.85M16.66M20.19M10.96M12.05M
Average payables
5.18M45.54M46.33M10.86M6.14M
Average inventory
00000
Days sales outstanding
-22.1844.76-294.129.48-13.67
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
-16.458.15-1.2438.49-26.7
Payables turnover
00000
Inventory turnover
00000
ROE
-0.110.22-0.020.28-0.55
Capex per share
00000

Quarterly Fundamentals Overview

Last date of statement is 2023-06-30 for Q2

Metric History 2021-06-302021-12-312022-06-302022-12-31 2023-06-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
00000
Net income per share
00000
Operating cash flow per share
00000
Free cash flow per share
00000
Cash per share
00000
Book value per share
00000
Tangible book value per share
00000
Share holders equity per share
00000
Interest debt per share
00000
Market cap
00000
Enterprise value
280.74M320.33M355.48M345.01M353.42M
P/E ratio
00000
Price to sales ratio
00000
POCF ratio
00000
PFCF ratio
00000
P/B Ratio
00000
PTB ratio
00000
EV to sales
00000
Enterprise value over EBITDA
00000
EV to operating cash flow
00000
EV to free cash flow
00000
Earnings yield
00000
Free cash flow yield
00000
Debt to equity
0.260.260.410.470.43
Debt to assets
0.20.210.290.320.3
Net debt to EBITDA
00000
Current ratio
17.420.861.269.562
Interest coverage
00000
Income quality
00000
Dividend Yield
00000
Payout ratio
00000
Sales general and administrative to revenue
00000
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
00000
ROIC
00000
Return on tangible assets
00000
Graham Net
00000
Working capital
5.66M-1.48M4.44M13.66M3.37M
Tangible asset value
1.1B1.22B857.41M736.01M826.41M
Net current asset value
-277.39M-323.34M-352.48M-332.7M-351.68M
Invested capital
0.260.260.410.470.43
Average receivables
9.32M7.4M15.31M18.31M10.77M
Average payables
5.7M5.51M14M9.46M2.49M
Average inventory
00000
Days sales outstanding
00000
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
00000
Payables turnover
00000
Inventory turnover
00000
ROE
00000
Capex per share
00000

IGR Frequently Asked Questions

What is CBRE Global Real Estate Income Fund stock symbol ?

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

What is CBRE Global Real Estate Income Fund stock quote today ?

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

Is CBRE Global Real Estate Income Fund stock public?

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

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