T. Rowe Price Real Estate Fund (TRREX)
The investment seeks long-term growth through a combination of capital appreciation and current income. The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in the equity securities of real estate companies. It is likely to maintain a significant portion of assets in real estate investment trusts (REITs). REITs pool money to invest in properties (equity REITs) or mortgages (mortgage REITs). The fund generally invests in equity REITs. It is non-diversified.
Fund Info
| ISIN | US7799191090 |
|---|---|
| CUSIP | 779919109 |
| Issuer | T. Rowe Price |
| Inception Date | Oct 31, 1997 |
| Category | REIT |
| Min. Investment | $2,500 |
| Asset Class | Real Estate |
Expense Ratio
TRREX features an expense ratio of 0.77%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: TRREX vs. CSRIX, TRREX vs. PRAFX, TRREX vs. VGSLX, TRREX vs. VNQ, TRREX vs. VINIX, TRREX vs. VIG, TRREX vs. FSRNX, TRREX vs. FXAIX, TRREX vs. VGSIX, TRREX vs. USXF
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Real Estate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
T. Rowe Price Real Estate Fund had a return of 8.39% year-to-date (YTD) and 21.51% in the last 12 months. Over the past 10 years, T. Rowe Price Real Estate Fund had an annualized return of 4.79%, while the S&P 500 had an annualized return of 11.39%, indicating that T. Rowe Price Real Estate Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.39% | 25.48% |
| 1 month | -0.77% | 2.14% |
| 6 months | 13.13% | 12.76% |
| 1 year | 21.51% | 33.14% |
| 5 years (annualized) | 3.34% | 13.96% |
| 10 years (annualized) | 4.79% | 11.39% |
Monthly Returns
The table below presents the monthly returns of TRREX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.95% | 1.91% | 1.31% | -8.97% | 5.67% | 2.33% | 7.27% | 5.48% | 2.55% | -4.27% | 8.39% | ||
| 2023 | 10.33% | -5.66% | -1.20% | 0.65% | -4.62% | 5.44% | 2.11% | -3.26% | -6.28% | -2.74% | 10.71% | 8.88% | 13.00% |
| 2022 | -7.09% | -2.29% | 6.89% | -3.75% | -7.09% | -8.10% | 8.46% | -5.37% | -11.72% | 2.64% | 5.28% | -5.34% | -26.08% |
| 2021 | -0.06% | 4.84% | 4.78% | 7.76% | 1.44% | 2.99% | 5.33% | 1.41% | -4.18% | 7.95% | -0.84% | 8.81% | 47.34% |
| 2020 | 0.62% | -7.97% | -21.34% | 8.13% | -1.84% | 2.14% | 2.10% | 0.54% | -3.25% | -2.33% | 13.28% | 2.10% | -11.42% |
| 2019 | 11.99% | 1.01% | 2.68% | 0.14% | -1.15% | 0.99% | 1.48% | 1.56% | 2.43% | 0.84% | -0.43% | -0.70% | 22.20% |
| 2018 | -3.55% | -6.61% | 3.03% | 1.51% | 2.60% | 3.27% | -0.07% | 2.33% | -2.24% | -3.59% | 4.39% | -9.45% | -9.07% |
| 2017 | -0.95% | 2.69% | -2.93% | -0.43% | -0.54% | 2.48% | 1.28% | -0.94% | 0.56% | -0.46% | 3.87% | -0.11% | 4.42% |
| 2016 | -4.15% | -0.27% | 9.07% | -2.35% | 1.11% | 5.99% | 4.55% | -3.38% | -1.97% | -5.30% | -0.15% | 3.79% | 6.05% |
| 2015 | 5.70% | -2.15% | 2.06% | -5.70% | -0.15% | -4.29% | 5.69% | -5.83% | 3.14% | 6.51% | -0.29% | 1.05% | 4.77% |
| 2014 | 3.06% | 5.53% | 1.14% | 2.76% | 2.47% | 1.15% | -0.16% | 2.53% | -5.28% | 10.00% | 1.76% | 2.04% | 29.76% |
| 2013 | 3.24% | 0.05% | 2.54% | 6.19% | -4.89% | -1.82% | 1.97% | -7.32% | 3.34% | 4.38% | -4.02% | 0.53% | 3.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TRREX is 30, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for T. Rowe Price Real Estate Fund (TRREX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
T. Rowe Price Real Estate Fund provided a 2.43% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.34 | $0.32 | $0.36 | $0.53 | $0.75 | $0.72 | $0.78 | $0.65 | $0.62 | $0.60 | $0.49 |
Dividend yield | 2.43% | 2.76% | 2.66% | 1.78% | 3.33% | 2.92% | 2.91% | 2.72% | 2.28% | 2.26% | 2.23% | 2.31% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Real Estate Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.22 | |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.34 |
| 2022 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.36 |
| 2020 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.53 |
| 2019 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | $0.75 |
| 2018 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.21 | $0.72 |
| 2017 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.29 | $0.78 |
| 2016 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.22 | $0.65 |
| 2015 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.21 | $0.62 |
| 2014 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.60 |
| 2013 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.49 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Real Estate Fund. 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 was 74.81%, occurring on Mar 6, 2009. Recovery took 1021 trading sessions.
The current T. Rowe Price Real Estate Fund drawdown is 10.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.81% | Feb 8, 2007 | 521 | Mar 6, 2009 | 1021 | Mar 28, 2013 | 1542 |
| -42.28% | Feb 18, 2020 | 25 | Mar 23, 2020 | 295 | May 24, 2021 | 320 |
| -33.21% | Apr 21, 2022 | 381 | Oct 25, 2023 | — | — | — |
| -24.3% | Apr 8, 1998 | 132 | Oct 8, 1998 | 449 | Jul 6, 2000 | 581 |
| -17.27% | Apr 15, 2002 | 124 | Oct 9, 2002 | 134 | Apr 23, 2003 | 258 |
Volatility
Volatility Chart
The current T. Rowe Price Real Estate Fund volatility is 5.36%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.