Neuberger Berman Real Estate Securities Income Fund Inc

Neuberger Berman Real Estate Securities Income Fund, Inc. operates as closed-end investment fund or investment trust company. Its objective is to seek capital appreciation and current income. The company was founded on August 28, 2003 and is headquartered in New York, NY.

JPMorgan BetaBuilders MSCI US REIT ETF

Brunswick

Cavco Industries

Camping World Hlds

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Equity LifeStyle Properties

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

MarineMax

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

LCI Industries

Malibu Boats

MCBC Hlds

Patrick Industries

US Diversified Real Estate ETF

Invesco Active US Real Estate

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

Manufactured Housing REITs - the best-performing property sector of the past decade – continued their stellar performance in 2021, riding favorable fundamentals of robust rent growth and limited housing supply. MH REITs edged out the REIT Index on the final day of 2021 to push their remarkable streak of outperformance to nine years, the longest of the Modern REIT Era.

Manufactured Housing REITs: Don't Mess With The Best

Airbnb

Apple Hospitality REIT

Blackstone Group

Condor Hospitality Trust

Choice Hotels Int.

CorePoint Lodging Inc

Hyatt Hotels

Hilton Worldwide Holdings

Host Hotels & Resorts

Marriott

Pebblebrook Hotel Trust

Park Hotels & Resorts

It's been a 'Tale of Two Americas' of late for the hotel industry. Several markets and categories continue to report severely depressed demand while others are seeing record-high occupancy rates.

Hotel REITs: Unfazed By Omicron

American Tower

Crown Castle International

Charter Communications

Comcast

DigitalBridge Group

DISH Network

SPDR Dow Jones REIT ETF

SBA Communications

Schwab U.S. REIT ETF

Cell Tower REITs have been one of the primary 'growth engines' of the REIT sector, but are poised to snap their six-year streak of outperformance over the REIT Index this year. The recent slump began around mid-year as several risk factors emerged including potential competition from Low-Earth-Orbit satellite networks and delays in 5G deployment over airline interference concerns.

Cell Tower REITs: Living On The Edge

American Fin Tr Inc - Ordinary Shares - Class A

Preferred Apartment Communities

Bluerock Residential Growth REIT

BrightSpire Capital

BRT Apartments

New Residential Investment

U.S. equity markets rebounded to fresh record-highs heading into the Christmas holiday after governments in the U.S. and U.K. showed restraint in instituting more severe economic restrictions amid the recent COVID reacceleration. Bouncing back from an Omicron-driven sell-off and ending the week at fresh record highs, the S&P 500 rallied 2.3% on the week while Mid-Caps and Small-Caps each gained nearly 3%.

The Gift That Keeps On Giving

Agree Realty

American Fin Tr Inc - 7.50% PRF PERPETUAL USD 25 - Ser A

EPR Properties

Four Corners Property Trust

Global Net Lease

Getty Realty

National Retail Properties

Realty Income Corp

One Liberty Properties

Alpine Income Property Trust

Despite a wave of dividend hikes and robust external growth, net lease REITs have been among the weakest-performing property sectors this year amid concerns over soaring inflation and rising interest rates. Despite their reputation as bond substitutes, net lease REITs have historically delivered above-average earnings growth as accretive external growth has more than offset the drag from muted property-level growth.

Net Lease REITs: Analyzing Inflation Risk

CoreCivic

GEO Group

Seven Hills Realty Trust

ProShares UltraShort Real Estate

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

ProShares Ultra Real Estate

iShares Core U.S. REIT ETF

Farewell - or perhaps good riddance - to the Prison REIT sector. GEO Group announced last week that it's joining CoreCivic in abandoning the REIT structure, concluding a tumultuous 8-year run as REITs. Prison REITs were the worst-performing property sector since their REIT conversions in 2013 and consistently ranked at the bottom across performance metrics - particularly after their once-lucrative dividends were eliminated.

Prison REITs: The Verdict Is In

AFC Gamma

Angel Oak Mortgage

Boston Properties

CyrusOne

CubeSmart

InvenTrust Properties Corp

Kimco Realty

Kite Realty Group

MGM Growth Properties

Phillips Edison & Co Inc

In our "State of the REIT Sector" report, we analyze recently-released NAREIT T-Tracker data to review high-level REIT fundamentals over the past quarter through a series of charts. REITs are no longer cheap, but premium valuations have revived the "animal spirits" and sparked a much-needed wave of M&A and IPO activity which has facilitated accretive external growth.

REITs Are No Longer Cheap

Americold Realty

EastGroup Properties

Equity Commonwealth

Industrial Logistics Properties

Prologis

Rexford Industrial Realty

Out of Stock: The red-hot industrial property market - "ground zero" of supply-chain shortages - continues to ride a historic demand-supply imbalance as businesses scramble to build out supply resiliency. Industrial REITs - which recorded the strongest dividend and FFO growth of any real estate sector in 2020 - continue to thrive amid "extreme competition" for logistics and distribution space.

Industrial REITs: Empty Shelves, Ample Opportunity

NEW YORK, Nov. 19, 2021 /PRNewswire/ -- Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE American: NRO) (the "Fund") announced today that it has amended its leverage facility (the "Facility") to, among other things, increase the amount of available debt financing in order to bring it more in line with the Fund's current asset level. Under the amended terms of the Facility, the lender's total commitment under the revolving credit facility increased from $40 million to $70 million.

Neuberger Berman Real Estate Securities Income Fund Announces Amendment To Leverage Facility

Cyxtera Technologies

Digital Realty Trust

Equinix

Iron Mountain

Landmark Infrastructure Partners

The Data Center REIT sector has been substantially and rapidly transformed as the three largest data center portfolio acquisitions in history have been announced in just the past several months. We predicted an impending M&A boom but expected Digital Realty and Equinix to scoop up their smaller peers. Instead, CyrusOne and QTS have been taken private while American Tower acquired CoreSite.

Data Center REITs: Merger Madness

AvalonBay Communities

Centerspace REIT

Equity Residential

Essex Property Trust

Independence Realty Trust

Mid-America Apartment Communities

NexPoint Residential Trust

Renters across the nation should prepare for a rude surprise. Residential rents continue to soar at the fastest pace on record with double-digit percentage increases on both new leases and renewals. Riding this rental growth surge, Apartment REITs - which lagged early in the pandemic - have soared more than 50% this year with widespread strength across both Sunbelt-focused and Coastal-focused REITs.

Apartment REITs: Shelter From Soaring Inflation

Arbor Realty Trust

Lument Finance Trust

NexPoint Real Estate Finance

Ready Capital Corp

RMR Group

Mortgage REITs - which endured punishing declines of 50-70% during the peak of the pandemic - have rallied back from the brink since mid-2020 to within shouting distance of record highs. The pandemic-driven wave of dividend cuts has given way to a frenzy of dividend hikes this year with 25 mREITs increasing their payouts, pushing the average yield to nearly 8%.

Mortgage REITs: High Yield Is Back

Camden Property

iShares 7-10 Year Treasury Bond ETF

Medical Properties Trust

Invesco QQQ

SPDR S&P 500 ETF Trust

Many investors are panicking and concerned about their REITs as the 10-year Treasury Yield continues to rise. We think these fears are largely overblown, as REITs have actually outperformed in past periods of higher interest rates.

What Rising Interest Rates Mean For REITs

Vanguard Real Estate ETF

Virtus Real Asset Income ETF

Historically, REITs have done the worst during times of rising interest rates and slowing economic growth. Well, it appears increasingly likely that that's what we are facing.

Very Bad News For REIT Investors

We have begun to see inflation set in within the United States, which can be devastating to a person's wealth.

NRO: Real Estate Can Protect Your Wealth

Extra Space Storage

Life Storage

National Storage Affiliates Trust

Public Storage

Global Self Storage

Storage REITs stumbled into the pandemic with challenged fundamentals and an outlook for near-zero growth amid oversupply challenges. Catalyzed by the suburban housing boom, self-storage demand is suddenly insatiable. Like a phoenix rising from the ashes, storage REITs have continued their incredible turnaround this year. Consistent with trends across the housing sector, storage rents are soaring across the country.

Storage REITs: Zero To Hero

John Hancock Financial Opportunities Fund

Eaton Vance Short Duration Diversified Income Fund

Clough Global Equity Fund

Clough Global Dividend and Income Fund

John Hancock Tax-Advantaged Dividend Income Fund

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

Financial Select Sector SPDR Fund

There is no "one size fits all" approach to when to sell, much like investing, in general.

No Easy Answer When It Comes Time To Sell A Closed-End Fund

Janus Henderson U.S. Real Estate ETF

Real Estate Select Sector SPDR Fund

We present the top six reasons to add REITs to your portfolio today. The lack of yield around the world and in most asset classes has made REITs and other yield alternatives a ‘hot' asset class.

REITs: This Cycle Is Just Getting Started

Lamar Advertising

OUTFRONT Media

PotlatchDeltic

Healthpeak Properties

QTS Realty Trust

VEREIT

Ventas

Welltower

Weingarten Realty

Weyerhaeuser

Real estate earnings season kicks off this week. We'll see results from more than 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies over the next month. REITs enter second-quarter earnings season as the best-performing asset class this year with total returns over 25%. 69 equity REITs and 19 mortgage REITs have raised their dividends this year.

Short On Supply, High On Demand: REIT Earnings Preview

The 7.49% yield is attractive if the distribution can be maintained.

Evaluating CEFs: NRO Has 2 Recent Distribution Cuts

Eaton Vance Tax-Managed Buy-Write Income Fund

In the 12 calendar years since 1991 when inflation was less than 2%, the average return of the REITs Index was 7.4%. Returns to the REITs Index were positive in 85% of the 12-month periods when the two-year yield rose, and the average return was 15.1%, almost five percentage points higher than when the yield moved lower.

REITs, Inflation, And Rates

Neuberger Berman California Intermediate Municipal Fund Inc

Neuberger Berman High Yield Strategies Fund Inc

Neuberger Berman MLP Income Fund, Inc.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Pershing Square Tontine Holdings

RiverNorth Flexible Mncpl Inm Fnd II Inc

RiverNorth Opportunistic Municipal Income Fund Inc

Special Opportunities Fund Inc

Today, I wanted to go over two funds that should tentatively be launching in the future. The fund sponsors have filed with the SEC forms N-2 - this is a file to register new offerings, secondary offerings or anything that involves new shares being created.

2 New Closed-End Funds In The Pipeline

NRO invests in a portfolio of real estate securities that generate income for investors. The fund appears to be following a contrarian strategy, which has merit but could pose problems if things do not return to normal quickly.

NRO: Real Estate For Wealth Preservation And Income

NRO's distribution cut was not unexpected. NRO's foray into premium territory would have been a good chance to sell.

NRO's Not Unexpected Distribution Cut

Alpine Global Premier Properties Fund

CBRE Global Real Estate Income Fund

VanEck Mortgage REIT Income ETF

InfraCap REIT Preferred ETF

Principal Real Estate Income Fund

iShares Mortgage Real Estate ETF

Global X SuperDividend REIT ETF

"Cheap REITs Got Cheaper" was a prevailing theme of 2020. High-yield real estate ETFs and CEFs underperformed in 2020 on average, but there were a few strategies that proved resilient. High-Yield ETFs typically include a collection of misfits, outcasts, small-caps, and recent underachievers. CEFs add another dimension by utilizing leverage. Understanding the source of excess yield is essential.

High-Yield REIT CEFs And ETFs: No Free Lunch

News for Neuberger Berman Real Estate Securities Income Fund Inc ETF (NRO)