CBRE Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distributions for April, May and June and Announces a Webinar with Portfolio Management
CBRE Global Real Estate Income Fund (NYSE: IGR) has announced monthly distributions of $0.06 per share for April, May, and June 2025, totaling $0.18 per share. The fund's current annualized distribution rate is 16.6% based on both the closing market price of $4.35 and NAV of $4.33 as of April 8, 2025.
The fund's distribution sources for January-June 2025 period are estimated as: 12% from net investment income and 88% from return of capital. The Fund's Cumulative Total Return for Q1 2025 was 2.35%, with an Average Annual Total Return of 8.56% for the five-year period ending March 31, 2025.
The portfolio management team will host an online webinar on May 15, 2025, at 4:00 p.m. ET to discuss portfolio updates and market outlook.
CBRE Global Real Estate Income Fund (NYSE: IGR) ha annunciato distribuzioni mensili di $0.06 per azione per aprile, maggio e giugno 2025, per un totale di $0.18 per azione. L'attuale tasso di distribuzione annualizzato del fondo è 16.6% basato sia sul prezzo di chiusura di mercato di $4.35 che sul NAV di $4.33 al 8 aprile 2025.
Le fonti di distribuzione del fondo per il periodo gennaio-giugno 2025 sono stimate come segue: 12% da reddito da investimenti netti e 88% da restituzione di capitale. Il Rendimento Totale Cumulativo del Fondo per il primo trimestre del 2025 è stato del 2.35%, con un Rendimento Totale Annuale Medio dell'8.56% per il periodo di cinque anni che termina il 31 marzo 2025.
Il team di gestione del portafoglio ospiterà un webinar online il 15 maggio 2025, alle 16:00 ET, per discutere aggiornamenti del portafoglio e prospettive di mercato.
CBRE Global Real Estate Income Fund (NYSE: IGR) ha anunciado distribuciones mensuales de $0.06 por acción para abril, mayo y junio de 2025, totalizando $0.18 por acción. La tasa de distribución anualizada actual del fondo es 16.6% basada en el precio de cierre de mercado de $4.35 y el NAV de $4.33 al 8 de abril de 2025.
Las fuentes de distribución del fondo para el período de enero a junio de 2025 se estiman en: 12% de ingresos netos por inversiones y 88% de devolución de capital. El Retorno Total Acumulado del Fondo para el primer trimestre de 2025 fue del 2.35%, con un Retorno Total Anual Promedio del 8.56% para el período de cinco años que termina el 31 de marzo de 2025.
El equipo de gestión de la cartera llevará a cabo un seminario web en línea el 15 de mayo de 2025, a las 4:00 p.m. ET, para discutir actualizaciones de la cartera y perspectivas del mercado.
CBRE 글로벌 부동산 소득 펀드 (NYSE: IGR)는 2025년 4월, 5월 및 6월에 대해 주당 $0.06의 월 배당금을 발표했으며, 총액은 주당 $0.18입니다. 펀드의 현재 연간 배당률은 2025년 4월 8일 기준으로 16.6%이며, 시장 종가 $4.35와 NAV $4.33을 기준으로 합니다.
2025년 1월에서 6월까지의 펀드 배당 출처는 순 투자 수익의 12%와 자본 반환의 88%로 추정됩니다. 2025년 1분기 펀드의 누적 총 수익률은 2.35%였으며, 2025년 3월 31일로 끝나는 5년 기간 동안 평균 연간 총 수익률은 8.56%였습니다.
포트폴리오 관리 팀은 2025년 5월 15일 오후 4시 ET에 포트폴리오 업데이트 및 시장 전망에 대해 논의하기 위해 온라인 웨비나를 개최할 예정입니다.
CBRE Global Real Estate Income Fund (NYSE: IGR) a annoncé des distributions mensuelles de $0.06 par action pour avril, mai et juin 2025, totalisant $0.18 par action. Le taux de distribution annualisé actuel du fonds est de 16.6% basé à la fois sur le prix de clôture du marché de $4.35 et le NAV de $4.33 au 8 avril 2025.
Les sources de distribution du fonds pour la période de janvier à juin 2025 sont estimées comme suit : 12% provenant des revenus nets d'investissement et 88% provenant du retour de capital. Le rendement total cumulé du fonds pour le premier trimestre de 2025 était de 2.35%, avec un rendement total annuel moyen de 8.56% pour la période de cinq ans se terminant le 31 mars 2025.
L'équipe de gestion du portefeuille animera un webinaire en ligne le 15 mai 2025 à 16h00 ET pour discuter des mises à jour du portefeuille et des perspectives de marché.
CBRE Global Real Estate Income Fund (NYSE: IGR) hat monatliche Ausschüttungen von $0.06 pro Aktie für April, Mai und Juni 2025 angekündigt, die insgesamt $0.18 pro Aktie betragen. Die aktuelle annualisierte Ausschüttungsquote des Fonds liegt bei 16.6%, basierend auf dem Schlusskurs von $4.35 und dem NAV von $4.33 am 8. April 2025.
Die Ausschüttungsquellen des Fonds für den Zeitraum Januar-Juni 2025 werden geschätzt auf: 12% aus Nettoanlageerträgen und 88% aus Rückzahlung von Kapital. Der kumulierte Gesamtertrag des Fonds für das erste Quartal 2025 betrug 2.35%, mit einem durchschnittlichen jährlichen Gesamtertrag von 8.56% für den fünfjährigen Zeitraum, der am 31. März 2025 endet.
Das Portfoliomanagement-Team wird am 15. Mai 2025 um 16:00 Uhr ET ein Online-Webinar abhalten, um über Portfolioaktualisierungen und Marktausblicke zu diskutieren.
- High distribution rate of 16.6% annually
- Positive cumulative total return of 2.35% in Q1 2025
- Strong 5-year average annual total return of 8.56%
- 88% of distributions classified as return of capital, indicating potential unsustainable payout
- NAV declined from $5.10 to $5.04 in Q1 2025 (-1.18%)
- Only 12% of distributions come from net investment income
The following dates apply:
|
Declaration Date |
Ex-Dividend Date |
Record Date |
Payable Date |
April 2025 |
04-10-2025 |
04-21-2025 |
04-21-2025 |
04-30-2025 |
May 2025 |
04-10-2025 |
05-20-2025 |
05-20-2025 |
05-30-2025 |
June 2025 |
04-10-2025 |
06-20-2025 |
06-20-2025 |
06-30-2025 |
The portfolio management team will host an online webinar on Thursday May 15, 2025 at 4:00 p.m. ET. During the webinar the team will provide an update on the portfolio, market conditions, and their market outlook.
Please register for the webinar in advance by clicking on the registration link directly below or by visiting the Fund’s website www.cbreim.com/igr.
IGR’s current annualized distribution rate is
Future earnings of the Fund cannot be guaranteed, and the Fund’s distribution policy is subject to change. For more information on the Fund, please visit www.cbreim.com/igr.
The Fund’s monthly distribution is set by its Board of Trustees. The Board reviews the Fund’s distribution on a quarterly basis in view of its net investment income, realized and unrealized gains, and other net unrealized appreciation or income expected during the remainder of the year. The Fund strives to establish a level monthly distribution that, over the course of the year, will serve to distribute an amount closely approximating the Fund’s net investment income and net realized capital gains during the year.
CBRE Global Real Estate Income Fund is a closed-end fund, which is traded on the New York Stock Exchange and invests primarily in real estate securities. Holdings are subject to change. Past performance is no guarantee of future results.
For the period from January 1, 2025, to June 30, 2025, the Fund has made or declared six (6) regular monthly distributions totaling
Estimated Source of Distributions: |
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Distribution |
Estimated Allocations |
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Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
Monthly |
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Period:
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The allocations reported in this notice are only estimates and are not provided for tax reporting purposes. The actual allocations will depend on the Fund’s investment experience during the remainder of its fiscal year and will not be finalized until after year-end. In addition, the allocations reported to shareholders for tax reporting purposes will also reflect adjustments required under applicable tax regulations. Some of these tax adjustments are significant, and amounts reported to you for tax reporting may be substantially different than those presented in this notice. SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.
The estimated allocations presented above are based on the Fund’s monthly calculation of its year-to-date net investment income, capital gains and returns of capital. The Fund’s investment income is mainly comprised of distributions received from the real estate investment trusts (REITs) and other companies in which it invests. “Net investment income” refers to the Fund’s investment income offset by its expenditures, which include the fees paid to the investment adviser and other service providers. “Net realized capital gains” represents the aggregation of the capital gains and losses realized by the Fund from its purchase and sale of investment securities during the year-to-date period. Short-term capital gains are those arising from the sale of securities held by the Fund for less than one year. Long-term capital gains are those arising from the sale of securities held by the Fund for a year or more. The amount of net realized capital gains may also be offset by capital losses realized in prior years. Adjustments to net investment income are made based on the character of distributions received by the Fund. A portion of the distributions the Fund receives from REITs will be characterized by the REITs as capital gains or returns of capital. Because REITs often reclassify the distributions they make, the Fund does not know the ultimate character of these distributions at the time they are received, so the Fund estimates the character based on historical information. The Fund’s net investment income is reduced by the amounts characterized by the REITs as capital gains and returns of capital. Amounts characterized by the REITs as capital gains are added to the Fund’s net realized capital gains. Amounts characterized by the REITs as return of capital are classified as such by the Fund.
The Fund estimates that it has distributed more than its net investment income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income”.
Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution policy. The performance and distribution rate information disclosed in the table below is based on the Fund’s net asset value (“NAV”). The Fund’s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total value of its liabilities. Performance figures are not meant to represent individual shareholder performance. The value of a shareholder’s investment in the Fund is determined by the market price of the Fund’s shares.
The Fund’s Cumulative Total Return for fiscal year 2025 (January 1, 2025 through March 31, 2025) is set forth below. Shareholders should take note of the relationship between the Cumulative Total Return and the Fund’s Cumulative Distribution Rate for 2025, as well as its Current Annualized Distribution Rate. Moreover, the Fund’s Average Annual Total Return for the preceding five-year period (April 1, 2020 through March 31, 2025) is set forth below. Shareholders should take note of the relationship between the Fund’s Average Annual Total Return and its Average Annual Distribution Rate for the preceding five-year period.
Fund Performance and Distribution Rate Information:
For the Period 01/01/2025 to 03/31/2025 |
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|
Cumulative Total Return1 |
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|
Cumulative Distribution Rate2 |
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Preceding Five-Year Period 04/01/2020 to 03/31/2025 |
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Average Annual Total Return3 |
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Average Annual Distribution Rate4 |
|
Current Annualized Distribution Rate5 |
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- Cumulative Total Return is the percentage change in the Fund’s NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.
- Cumulative Distribution Rate for fiscal year to date 2025 (January 1, 2025 through March 31, 2025) is determined by dividing the dollar value of distributions in the period by the Fund’s NAV as of March 31, 2025.
- Average Annual Total Return represents the simple arithmetic average of the Annual Total Returns of the Fund for the preceding five-year period. Annual Total Return is the percentage change in the Fund’s NAV over a year including distributions paid and assuming reinvestment of those distributions.
- Average Annual Distribution Rate is the simple arithmetic average of the Annual Distribution Rates for the preceding five-year period. The Annual Distribution Rates are calculated by taking the total distributions paid during the period divided by average daily NAV for the period.
-
The Current Annualized Distribution Rate is the current monthly distribution rate annualized as a percentage of the Fund’s NAV as of March 31, 2025.
Please refer to the chart below for information about the Fund’s historical NAVs, change in NAVs, total returns, and distributions paid.
|
Average Daily NAV for Period |
End of Period NAV Per Share |
Change in NAV |
Annualized Total Returns |
Distribution Rate4 |
Level Distributions Paid |
Special Distributions Paid |
Total Distributions Paid |
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IPO |
|
$ |
15.00 |
|
|
|
|
|
|
||||
20041 |
$ |
14.39 |
$ |
17.46 |
|
|
|
$ |
0.75 |
$ |
0.08 |
$ |
0.83 |
2005 |
$ |
16.81 |
$ |
17.23 |
- |
|
|
$ |
1.29 |
$ |
0.18 |
$ |
1.47 |
2006 |
$ |
20.27 |
$ |
22.78 |
|
|
|
$ |
1.38 |
$ |
1.89 |
$ |
3.27 |
2007 |
$ |
21.67 |
$ |
16.16 |
- |
- |
|
$ |
1.38 |
$ |
1.84 |
$ |
3.22 |
2008 |
$ |
11.97 |
$ |
5.63 |
- |
- |
|
$ |
1.24 |
$ |
- |
$ |
1.24 |
2009 |
$ |
5.82 |
$ |
7.51 |
|
|
|
$ |
0.54 |
$ |
- |
$ |
0.54 |
2010 |
$ |
7.82 |
$ |
8.58 |
|
|
|
$ |
0.54 |
$ |
- |
$ |
0.54 |
2011 |
$ |
8.60 |
$ |
8.14 |
- |
|
|
$ |
0.54 |
$ |
- |
$ |
0.54 |
2012 |
$ |
8.99 |
$ |
9.48 |
|
|
|
$ |
0.54 |
$ |
0.042 |
$ |
0.582 |
2013 |
$ |
9.57 |
$ |
9.04 |
- |
|
|
$ |
0.54 |
$ |
- |
$ |
0.54 |
2014 |
$ |
9.77 |
$ |
10.16 |
|
|
|
$ |
0.54 |
$ |
- |
$ |
0.54 |
2015 |
$ |
9.67 |
$ |
9.04 |
- |
- |
|
$ |
0.57 |
$ |
- |
$ |
0.57 |
2016 |
$ |
9.11 |
$ |
8.65 |
- |
|
|
$ |
0.60 |
$ |
- |
$ |
0.60 |
2017 |
$ |
8.75 |
$ |
8.99 |
|
|
|
$ |
0.60 |
$ |
- |
$ |
0.60 |
2018 |
$ |
8.36 |
$ |
7.55 |
- |
- |
|
$ |
0.60 |
$ |
- |
$ |
0.60 |
2019 |
$ |
8.62 |
$ |
8.86 |
|
|
|
$ |
0.60 |
$ |
- |
$ |
0.60 |
2020 |
$ |
7.51 |
$ |
8.11 |
- |
- |
|
$ |
0.60 |
$ |
- |
$ |
0.60 |
2021 |
$ |
9.26 |
$ |
10.48 |
|
|
|
$ |
0.60 |
$ |
- |
$ |
0.60 |
2022 |
$ |
7.89 |
$ |
6.31 |
- |
- |
|
$ |
0.70 |
$ |
- |
$ |
0.70 |
2023 |
$ |
5.92 |
$ |
6.20 |
- |
|
|
$ |
0.72 |
$ |
- |
$ |
0.72 |
2024 |
$ |
5.68 |
$ |
5.10 |
- |
- |
|
$ |
0.72 |
$ |
- |
$ |
0.72 |
20252 |
$ |
5.08 |
$ |
5.04 |
- |
|
|
$ |
0.18 |
$ |
- |
$ |
0.18 |
Average3 |
|
|
|
|
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|
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Since Inception Annualized Total Return
- Figures for 2004 are from February 24, 2004, the Fund’s inception date.
- 2025 figures are for year to date January 1, 2025 through March 31, 2025.
- Average calculated on number of months and years since inception. The Fund’s inception date was February 24, 2004.
- Distribution rate calculated by taking the total distributions paid within the period divided by average daily NAV for the period.
Sources: NAV per share amounts and annualized total returns are published in the Fund’s audited annual reports for the respective year.
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2024 revenue). CBRE has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250410837843/en/
Analyst and Press Inquiries:
David Leggette
+1 610 995 7349
david.leggette@cbreim.com
Investor Relations:
+1 888 711 4272
www.cbreim.com/igr
Source: CBRE Global Real Estate Income Fund
FAQ
What is the monthly distribution amount for IGR in April-June 2025?
What is IGR's current annualized distribution rate as of April 8, 2025?
How much of IGR's distributions are return of capital in 2025?
What is IGR's 5-year average annual total return as of March 2025?
When is IGR's next portfolio management webinar scheduled?
