- ISIN
- US74149P8816
- CUSIP
- 74149P881
- Issuer
- T. Rowe Price
- Inception Date
- Sep 28, 2001
- Category
- REIT
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
REIPX Performance Chart
T. Rowe Price Real Estate Fund Class I (REIPX) is up 11.9% since the beginning of the year. REIPX is currently trading at $43 per share. Investors who bought $1,000 worth of REIPX shares 5 years ago would now be looking at an investment worth $1,579.
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Returns By Period
T. Rowe Price Real Estate Fund Class I (REIPX) has returned 11.94% so far this year and 23.54% over the past 12 months. Over the last ten years, REIPX has returned 11.87% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
T. Rowe Price Real Estate Fund Class I
- 1D
- 0.47%
- 1M
- 3.91%
- YTD
- 11.94%
- 6M
- 13.96%
- 1Y
- 23.54%
- 3Y*
- 16.83%
- 5Y*
- 9.57%
- 10Y*
- 11.87%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
REIPX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, REIPX's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, an investment would double in approximately 5.5 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +16.4%, while the worst month was Mar 2020 at -17.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, REIPX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.74% | 2.55% | -5.16% | 7.97% | 2.53% | 0.23% | 11.94% | ||||||
| 2025 | 4.60% | 0.99% | -1.49% | -4.40% | 3.91% | 2.84% | -0.77% | 4.23% | 0.44% | -0.42% | 2.16% | 2.15% | 14.74% |
| 2024 | -0.21% | 3.96% | 4.89% | -2.96% | 3.56% | -1.22% | 3.87% | 2.12% | 0.77% | -1.23% | 4.95% | -6.45% | 11.96% |
| 2023 | 5.54% | -3.66% | -2.30% | 2.23% | -5.18% | 6.52% | 4.17% | -3.91% | -3.23% | -2.51% | 7.43% | 5.56% | 9.84% |
| 2022 | 1.00% | 0.00% | 1.62% | -5.33% | 3.02% | -8.37% | 5.08% | -1.83% | -9.33% | 10.43% | 6.67% | -4.10% | -3.09% |
| 2021 | -0.38% | 6.65% | 6.75% | 4.11% | 2.80% | -2.38% | -0.60% | 2.36% | -2.69% | 4.34% | -3.60% | 6.54% | 25.70% |
Benchmark Metrics
T. Rowe Price Real Estate Fund Class I has an annualized alpha of 0.16%, beta of 0.88, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.
- This fund participated in 92.11% of S&P 500 Index downside but only 87.20% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.88 and R2 of 0.79, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.16%
- Beta
- 0.88
- R²
- 0.79
- Upside Capture
- 87.20%
- Downside Capture
- 92.11%
Expense Ratio
REIPX has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
REIPX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Real Estate Fund Class I (REIPX) and compare them to S&P 500 Index.
| REIPX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.28 | 2.24 | +0.04 |
Sortino ratioReturn per unit of downside risk | 3.29 | 3.07 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.32 | 2.93 | +0.40 |
Martin ratioReturn relative to average drawdown | 12.38 | 13.52 | -1.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
T. Rowe Price Real Estate Fund Class I provided a 2.54% dividend yield over the last twelve months, with an annual payout of $1.09 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.09 | $1.11 | $3.13 | $2.12 | $2.24 | $3.20 | $1.14 | $4.05 | $3.15 | $3.01 | $2.48 |
Dividend yield | 2.54% | 2.87% | 9.05% | 6.30% | 6.86% | 8.89% | 3.65% | 12.62% | 11.53% | 9.03% | 7.88% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Real Estate Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.63 | $1.11 |
| 2024 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $2.57 | $3.13 |
| 2023 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $1.58 | $2.12 |
| 2022 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $1.71 | $2.24 |
| 2021 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $2.72 | $3.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Real Estate Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Real Estate Fund Class I was 39.69%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current T. Rowe Price Real Estate Fund Class I drawdown is 0.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.69%Mar 2020 | 2mo 2d | 9mo 19d | 11mo 21dJan 2020 - Jan 2021 |
Rate-hike selloffLate 2018 | -19.48%Dec 2018 | 10mo 29d | 7mo 1d | 1y 5moJan 2018 - Jul 2019 |
Bear market2022 | -18.02%Sep 2022 | 7mo 22d | 1y 2mo | 1y 10moFeb 2022 - Dec 2023 |
2025 selloff2025 | -14.32%Apr 2025 | 4mo 7d | 2mo 24d | 7mo 1dDec 2024 - Jul 2025 |
2016 pullback2016 | -9.44%Feb 2016 | 1mo 6d | 21d | 1mo 27dJan 2016 - Mar 2016 |
Drawdown Indicators
| REIPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.69% | -56.78% | +17.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -9.10% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -18.90% | +4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.02% | -25.43% | +7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -33.92% | -5.77% |
Current DrawdownCurrent decline from peak | -0.49% | -0.74% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -10.72% | +6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.97% | -0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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