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Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

T. Rowe Price Real Estate Fund, Inc.

PAREX | Fund

$12.22

$666 M

1.92%

$0.23

1.24%

Vitals

YTD Return

9.4%

1 yr return

9.0%

3 Yr Avg Return

7.9%

5 Yr Avg Return

2.4%

Net Assets

$666 M

Holdings in Top 10

60.5%

52 WEEK LOW AND HIGH

$12.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.24%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

T. Rowe Price Real Estate Fund, Inc.

PAREX | Fund

$12.22

$666 M

1.92%

$0.23

1.24%

PAREX - Profile

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.81%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    T. Rowe Price Real Estate Fund, Inc.
  • Fund Family Name
    T. Rowe Price
  • Inception Date
    Dec 31, 2004
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Nina Jones

Fund Description

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities of real estate companies. The fund’s definition of real estate companies is broad and includes any company that derives at least 50% of its revenues or profits from, or commits at least 50% of assets to, real estate activities. Any derivatives that provide exposure to the investment focus suggested by the fund’s name, or to one or more market risk factors associated with the investment focus suggested by the fund’s name, are counted (as applicable) toward compliance with the fund’s 80% investment policy.

The fund defines the real estate industry broadly. It includes (but is not limited to) the following:

● Real estate investment trusts (REITs);
● real estate operating companies;
● brokers, developers, and builders of residential, commercial, and industrial properties;
● property management firms;
● finance, mortgage, and mortgage servicing firms;
● construction supply and equipment manufacturing companies; and
● firms dependent on real estate holdings for revenues and profits, including lodging, leisure, timber, mining, and agriculture companies.

The fund is likely to maintain a significant portion of assets in REITs. REITs pool money to invest in properties (equity REITs) or mortgages (mortgage REITs). The fund generally invests in equity REITs.

The fund will not own real estate directly and will have no restrictions on the size of companies selected for investment. Up to 20% of the fund’s total assets may be invested in assets that are unrelated to the real estate business.

Stock selection is based on fundamental, bottom-up analysis that generally seeks to identify high-quality companies with both good appreciation prospects and income-producing potential. Factors considered by the portfolio manager in selecting real estate companies include one or more of the following: relative valuation; free cash flow; undervalued assets; quality and experience of management; type of real estate owned; and the nature of a company’s real estate activities.

The fund is nondiversified, which means it may invest a greater percentage of its assets in a particular issuer than is permissible for a diversified fund.

Read More

PAREX - Performance

Return Ranking - Trailing

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -5.8% 20.9% 65.94%
1 Yr 9.0% -3.3% 21.1% 69.87%
3 Yr 7.9%* -4.7% 14.0% 81.22%
5 Yr 2.4%* -5.7% 7.8% 64.60%
10 Yr 3.8%* -0.5% 11.1% 86.93%

* Annualized

Return Ranking - Calendar

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
2025 -6.3% -32.0% 8.8% 79.91%
2024 -4.8% -33.3% 15.6% 86.03%
2023 1.4% -16.2% 39.0% 80.70%
2022 -40.1% -51.3% 2.5% 90.75%
2021 27.2% -7.7% 52.3% 65.04%

Total Return Ranking - Trailing

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -5.8% 20.9% 65.94%
1 Yr 9.0% -3.3% 21.1% 69.87%
3 Yr 7.9%* -4.7% 14.0% 81.22%
5 Yr 2.4%* -5.7% 7.8% 64.60%
10 Yr 3.8%* -0.5% 11.1% 86.93%

* Annualized

Total Return Ranking - Calendar

Period PAREX Return Category Return Low Category Return High Rank in Category (%)
2025 -0.3% -9.4% 18.5% 77.29%
2024 3.3% -29.6% 17.7% 80.79%
2023 12.9% -12.7% 43.3% 32.02%
2022 -25.6% -40.1% 7.8% 47.58%
2021 46.8% 8.9% 54.6% 13.27%

NAV & Total Return History

PAREX - Holdings

Concentration Analysis

PAREX Category Low Category High PAREX % Rank
Net Assets 666 M 2.03 M 69.9 B 36.77%
Number of Holdings 43 23 692 48.91%
Net Assets in Top 10 376 M 886 K 34.9 B 37.55%
Weighting of Top 10 60.46% 18.8% 82.2% 21.40%

Top 10 Holdings

  1. EQUINIX INC 11.01%
  2. WELLTOWER INC 10.72%
  3. PROLOGIS INC 7.74%
  4. AMERICAN TOWER CORP 7.06%
  5. PUBLIC STORAGE 5.02%
  6. VENTAS INC 4.18%
  7. SIMON PROPERTY GROUP INC 4.11%
  8. REGENCY CENTERS CORP 3.84%
  9. ESSEX PROPERTY TRUST INC 3.70%
  10. REXFORD INDUSTRIAL REALTY INC 3.07%

Asset Allocation

Weighting Return Low Return High PAREX % Rank
Stocks 		98.18% 0.00% 180.99% 56.77%
Cash 		2.15% -42.50% 20.67% 34.93%
Preferred Stocks 		0.00% 0.00% 31.13% 85.15%
Other 		0.00% -81.05% 97.12% 79.04%
Convertible Bonds 		0.00% 0.00% 10.95% 83.77%
Bonds 		0.00% 0.00% 148.40% 84.28%

Stock Sector Breakdown

Weighting Return Low Return High PAREX % Rank
Real Estate 		98.75% 34.46% 100.00% 63.30%
Consumer Cyclical 		1.25% 0.00% 45.29% 16.06%
Utilities 		0.00% 0.00% 3.55% 83.03%
Technology 		0.00% 0.00% 12.02% 84.40%
Industrials 		0.00% 0.00% 7.39% 83.94%
Healthcare 		0.00% 0.00% 0.53% 83.49%
Financial Services 		0.00% 0.00% 37.05% 83.49%
Energy 		0.00% 0.00% 33.11% 83.03%
Communication Services 		0.00% 0.00% 11.61% 86.24%
Consumer Defense 		0.00% 0.00% 0.93% 83.03%
Basic Materials 		0.00% 0.00% 13.69% 83.94%

Stock Geographic Breakdown

Weighting Return Low Return High PAREX % Rank
US 		98.18% 0.00% 180.99% 52.40%
Non US 		0.00% 0.00% 41.39% 86.90%

PAREX - Expenses

Operational Fees

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.24% 0.07% 8.91% 51.33%
Management Fee 0.58% 0.00% 1.50% 24.02%
12b-1 Fee 0.25% 0.00% 1.00% 59.81%
Administrative Fee 0.15% 0.01% 0.45% 70.97%

Sales Fees

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 100.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PAREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.11% 380.00% 20.56%

PAREX - Distributions

Dividend Yield Analysis

PAREX Category Low Category High PAREX % Rank
Dividend Yield 1.92% 0.00% 13.03% 1.31%

Dividend Distribution Analysis

PAREX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

PAREX Category Low Category High PAREX % Rank
Net Income Ratio 0.81% -1.07% 6.05% 71.24%

Capital Gain Distribution Analysis

PAREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PAREX - Fund Manager Analysis

Managers

Nina Jones

Start Date

Tenure

Tenure Rank

Jan 01, 2019

3.41

3.4%

Nina Jones is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc. She is a portfolio manager and analyst in the Equity Division. She is president of the Global Real Estate Fund and chairman of the fund's Investment Advisory Committee. Nina is a vice president and Investment Advisory Committee member of the Real Estate, Equity Income, Growth & Income, Financial Services, Small-Cap Value, Mid-Cap Value, Real Assets, and Capital Appreciation Funds. She is also an Investment Advisory Committee member of the Institutional Large-Cap Value Fund. Nina joined the firm in 2008 after serving as a summer intern in 2007, following payroll processor companies in the business services sector. Prior to joining the firm, Nina was a senior associate in audit and risk advisory for KPMG LLP. She holds dual B.S. degrees in accounting and finance from the University of Maryland, magna cum laude, and earned an M.B.A. from Columbia Business School, graduating with honors. Nina is also a certified public accountant.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.31 2.68

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