CBRE Global Real Estate Income Fund Common Shares of Beneficial Interest (IGR)
FairStock Score: 37/100 — MIXED
Key Financials
| Current Price | $10.78 |
| Market Cap | $713M |
| P/E Ratio | 11.98 |
| ROE | 6.31% |
| Dividend Yield | 17.49% |
| Sector | Financial Services |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
As a value investor, I look first for a durable business and a margin of safety. What I see here is a closed-end fund, CBRE Global Real Estate Income Fund, that invests in real estate securities, including REITs, across developed markets. The business is externally managed and uses leverage, with D/E 0.46. That can magnify returns and losses. At the close on 2026-10-13, the price was $11.33. FairStock's P/E is 12.59, and P/B is 0.83, so it trades below stated book. However, FairStock's Graham Number is $9.62, giving a margin of safety of -17.78%; by that conservative Graham test, the price is above intrinsic value, not below. The 17.49% dividend yield is eye-catching, but I do not have distribution coverage or filed revenue/profit growth to confirm it is earned. Returns are modest: ROE 6.31%, ROCE 1.45%. Financial-health signals are poor: Piotroski F-Score 1/9 and Altman Z-Score 0.96. The computed Lynch category is none because only zero years of filed annual results are available; three are needed. The FairStock Score is 37/100. There may be asset value in the real estate portfolio and a discount to book, but without a margin of safety, durable earnings, or a clear moat, this looks speculative rather than compelling. I would watch the distribution, leverage, NAV, and filing history before feeling comfortable.
In plain English: This fund owns a mix of real estate companies and REITs around the world. Its numbers look mixed: it trades below its accounting book value but above a conservative value estimate, and it pays a very high dividend. Based on the figures given, the price does not look clearly cheap and the weak financial-health scores are a warning.
The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.
Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash
Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer