Nuveen Real Estate Income Fund Common Shares of Beneficial Interest (JRS)

FairStock Score: 50/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, Mr. Market is offering this closed-end real estate fund at $7.27 as of 2026-10-13, near the bottom of its $7.12-$8.90 52-week range, and at a P/B of 0.89—about an 11% discount to book value, by FairStock's calculation. The P/E is 4.54, also based on that close. The stated dividend yield is 9.90%, which is enticing if covered, but no coverage data is provided. The fund's ROE is 18.19%, but ROCE is only 1.70%, and D/E is 0.38; that mix suggests returns may not be broad or durable. The Graham Number is $17.19 with a 57.71% margin of safety, which sounds wonderful, but I must weigh it against diagnostic red flags: Piotroski F-Score 1/9 and Altman Z-Score 1.43. Those are not the marks of a fortress. Revenue and profit growth are N/A, and the Lynch category is none because there are only 0 years of filed results—need 3. In a closed-end fund, the 'moat' is not a brand or patent; it is the manager's ability to buy real estate securities well and the discount the market assigns to net assets. The FairStock Score of 50/100 captures the tension: cheap-looking asset value and high income versus weak quality and no track record. I would want to see the discount persist without NAV erosion and distribution covered by income, not merely capital. Until then, it is a statistically cheap but uncertain proposition, not a clear Graham bargain.

In plain English: Nuveen Real Estate Income Fund is a closed-end fund that invests in U.S. real estate stocks. It pays a very high income and trades below its book value, but its financial signs are weak and there is no multi-year growth record to judge. The price is near the low end of its 52-week range.

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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