T. Rowe Price Real Estate (TRREX)
T. Rowe Price Real Estate operates in the Asset Management industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $11.76, up 0.34% on the session, giving a market capitalisation of $608.8M. Its beta of 0.98 implies it has historically moved less than the broad market.
The fund typically commits at least 80% of its total assets, including any leverage for investment purposes, to the ownership shares of real estate enterprises. A considerable portion of its portfolio is expected to be allocated to Real Estate Investment Trusts (REITs). These trusts function by pooling capital to acquire either physical properties (known as equity REITs) or mortgage portfolios (termed mortgage REITs). The fund's primary focus within this structure is generally on equity REITs. Notably, it operates as a non-diversified fund.
T. Rowe Price Real Estate is most often compared with the following Financial Services names: