CBRE Global Real Estate Income Fund

IGR

Market cap $760M

PHILADELPHIA--(BUSINESS WIRE)--CBRE Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distributions for Q4 2025 and Announces a Webinar with Portfolio Management.

CBRE Global Real Estate Income Fund remains a Buy for income investors, offering a nearly 14% yield and global real estate exposure. Lower interest rates globally are expected to benefit IGR's holdings, supporting both income generation and potential capital appreciation. IGR has outperformed peers year-to-date, maintains a steady monthly distribution, and holds top REITs, despite trading at a 4.5% NAV premium.

Three years of persistent rate-driven pressure on the residential and commercial real estate market appears to finally be abating - and not a moment too soon. REITs were hit by a "triple whammy" of rate-related headwinds: higher borrowing costs directly squeezed profitability, eroded the relative appeal of REIT dividends, and made it near-impossible to grow accretively. Since the Fed's initial rate hike in March 2022, REITs have lagged the S&P 500 by a whopping 55 percentage points, nearly 3x the magnitude of underperformance seen in the GFC.

U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts. Powell used his final Jackson Hole speech as Fed Chair to deliver a clear policy pivot, an unexpected reversal after months of insistence that tariff-related inflation warranted a hawkish framework. Markets were equally relieved by the policy-focused nature of Powell's speech amid speculation that the address may be used instead as a potential defiant sermon on central bank independence.

I analyze Barron's top 100 sustainable companies, focusing on dividend payers and using the dogcatcher yield-based strategy to identify value opportunities. Seven out of 83 dividend-paying sustainable stocks currently meet the ideal of annual dividends from a $1K investment exceeding their share price, signaling potential buys. Analyst targets project 20.21% to 45.71% net gains for the top ten ESG dividend stocks by August 2026, with average risk below the market.

REITs remain attractive long-term, but CEFs are not the same as buying REITs. IGR has a high expense structure and has delivered sub-par long term returns. The fund entices yield-chasers with an unsustainable payout far exceeding actual returns, forcing destructive asset sales to maintain distributions.

U.S. equity markets fell sharply this week, while benchmark interest rates retreated to three-month lows, after revised employment data showed that job growth was far weaker than initially reported. The BLS payrolls report showed softer-than-expected hiring in July and the steepest two-month downward revisions to jobs growth since 2020, raising concern that the Fed may be "behind the curve." The downward revisions came days after Fed Chair Powell used it as the primary evidence for "solid" labor markets, which justified the FOMC's decision to keep rates in "restrictive" territory.

PHILADELPHIA--(BUSINESS WIRE)--CBRE Global Real Estate Income Fund (NYSE: IGR) declares monthly distributions for July, August and September 2025 and a webinar on July 29, 2025.

IGR's 14.6% yield is eye-catching, but the fund's long-term total returns have been weak. Despite its global label, IGR still has the majority of its assets located in the United States. The fund has traded up to a premium to NAV recently, which I am not sure is warranted.

PHILADELPHIA--(BUSINESS WIRE)--CBRE Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distributions for April, May and June and Announces a Webinar.