Neuberger Real Estate Securities Income Fund Inc. Common Stock (NRO)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

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

I approach this as a closed-end fund, not an operating business. Neuberger Real Estate Securities Income Fund owns U.S. real estate equities, mostly REITs, so its results depend on real estate sector performance and manager skill. A fund wrapper offers no durable moat; the Neuberger name may help distribution, but the structure itself is not a competitive advantage. At the close on 2026-10-13, the price was $2.56 against a FairStock P/B of 0.79 and a Graham Number of $5.20, implying a 50.77% margin of safety. The FairStock P/E was 7.11 and the dividend yield was 12.16%, which looks cheap for income—if the distribution is covered. But quality is poor: FairStock ROE is -3.18%, ROCE 2.16%, Piotroski F-Score 2/9, and Altman Z-Score 1.58. D/E of 0.34 is not alarming, but weak returns and a low F-score suggest limited financial resilience. The FairStock Score is 57/100. Growth is unclear because revenue and profit growth are not available, and there is no Lynch category—only 0 years of filed results, when the rule needs 3. A 52-week range of $2.49 to $3.23 puts the price near the low. I would call this statistically cheap but not demonstrably high quality; the high yield could be opportunity or warning, depending on whether portfolio returns cover it.

In plain English: It is a fund that owns U.S. real estate stocks, mostly real estate investment trusts. Its recent profitability looks weak and its financial quality scores are low, but it trades below the value of its assets and pays a very high dividend. The price looks cheap on asset value and a simple value estimate, but the high payout and weak results make it risky.

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