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
US7799191090
779919109
Oct 31, 1997
$2,500
Expense Ratio
TRREX has an expense ratio of 0.77%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
T. Rowe Price Real Estate Fund (TRREX) returned 0.47% year-to-date (YTD) and 6.90% over the past 12 months. Over the past 10 years, TRREX returned -5.91% annually, underperforming the S&P 500 benchmark at 10.84%.
TRREX
0.47%
1.50%
-12.99%
6.90%
-11.28%
-8.19%
-5.91%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.39% | 4.63% | -3.16% | -2.89% | 0.70% | 0.47% | |||||||
| 2024 | -4.95% | 1.91% | 1.31% | -8.97% | 5.67% | 2.33% | 7.27% | 5.48% | 2.55% | -4.27% | 3.84% | -12.87% | -2.92% |
| 2023 | 10.33% | -5.66% | -1.20% | 0.65% | -4.62% | 5.44% | 2.11% | -3.26% | -6.27% | -2.74% | 10.71% | 0.05% | 3.83% |
| 2022 | -7.09% | -2.29% | 6.89% | -3.75% | -7.09% | -8.10% | 8.46% | -5.37% | -11.72% | 2.64% | 5.28% | -22.28% | -39.31% |
| 2021 | -0.06% | 4.84% | 4.78% | 7.76% | 1.44% | 2.99% | 5.33% | 1.41% | -4.18% | 7.95% | -0.84% | -4.79% | 28.93% |
| 2020 | 0.62% | -7.97% | -21.35% | 8.13% | -1.84% | 2.14% | 2.10% | 0.54% | -3.25% | -2.33% | 13.28% | -26.63% | -36.34% |
| 2019 | 11.99% | 1.01% | 2.68% | 0.14% | -1.15% | 0.99% | 1.48% | 1.56% | 2.43% | 0.84% | -0.43% | -13.52% | 6.43% |
| 2018 | -3.55% | -6.61% | 3.03% | 1.51% | 2.61% | 3.27% | -0.07% | 2.33% | -2.24% | -3.59% | 4.39% | -11.74% | -11.37% |
| 2017 | -0.95% | 2.69% | -2.93% | -0.43% | -0.54% | 2.48% | 1.28% | -0.94% | 0.56% | -0.46% | 3.87% | -1.00% | 3.48% |
| 2016 | -4.15% | -0.27% | 9.07% | -2.35% | 1.11% | 5.99% | 4.55% | -3.38% | -1.97% | -5.30% | -0.14% | 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% | 5.54% | 1.14% | 2.76% | 2.47% | 1.15% | -0.16% | 2.53% | -5.28% | 10.00% | 1.76% | 2.04% | 29.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TRREX is 22, meaning it’s performing worse than 78% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
T. Rowe Price Real Estate Fund provided a 9.30% dividend yield over the last twelve months, with an annual payout of $1.07 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.07 | $1.09 | $1.41 | $3.06 | $3.11 | $6.68 | $4.53 | $1.42 | $1.04 | $0.65 | $0.62 | $0.60 |
Dividend yield | 9.30% | 9.44% | 11.63% | 25.53% | 15.42% | 41.93% | 17.63% | 5.73% | 3.62% | 2.28% | 2.26% | 2.23% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | |||||||
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.87 | $1.09 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $1.17 | $1.41 |
| 2022 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $2.84 | $3.06 |
| 2021 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $2.85 | $3.11 |
| 2020 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $6.28 | $6.68 |
| 2019 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $3.97 | $4.53 |
| 2018 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.91 | $1.42 |
| 2017 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.55 | $1.04 |
| 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 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.60 |
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. 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 75.74%, occurring on Mar 6, 2009. Recovery took 1030 trading sessions.
The current T. Rowe Price Real Estate Fund drawdown is 57.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -75.74% | Feb 8, 2007 | 521 | Mar 6, 2009 | 1030 | Apr 11, 2013 | 1551 |
| -61.54% | Oct 25, 2019 | 1370 | Apr 8, 2025 | — | — | — |
| -24.3% | Apr 8, 1998 | 132 | Oct 8, 1998 | 449 | Jul 6, 2000 | 581 |
| -18.32% | Aug 2, 2016 | 604 | Dec 24, 2018 | 70 | Apr 5, 2019 | 674 |
| -17.27% | Apr 15, 2002 | 124 | Oct 9, 2002 | 134 | Apr 23, 2003 | 258 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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