Loading...

Neuberger Berman Real Estate Securities Income Fund

AMEX:NRO
Snowflake Description

Second-rate dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NRO
AMEX
$229M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Neuberger Berman Real Estate Securities Income Fund, Inc. The last earnings update was 104 days ago. More info.


Add to Portfolio Compare Print
  • Neuberger Berman Real Estate Securities Income Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
NRO Share Price and Events
7 Day Returns
-3%
AMEX:NRO
0.1%
US Capital Markets
-0.3%
US Market
1 Year Returns
4.3%
AMEX:NRO
-7.4%
US Capital Markets
7%
US Market
NRO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Neuberger Berman Real Estate Securities Income Fund (NRO) -3% -2.4% 8.1% 4.3% -6.2% 0.4%
US Capital Markets 0.1% 5.6% 3.5% -7.4% 53.5% 71.2%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • NRO outperformed the Capital Markets industry which returned -7.4% over the past year.
  • NRO underperformed the Market in United States of America which returned 7% over the past year.

Value

 Is Neuberger Berman Real Estate Securities Income Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Neuberger Berman Real Estate Securities Income Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Neuberger Berman Real Estate Securities Income Fund.

AMEX:NRO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $5.80 * 2.9%
$0.17
Book Value of Equity per Share Median Book Value from the past 5 years. $5.80
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:NRO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.727 (1 + (1- 21%) (43.74%))
0.985
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.985 * 5.96%)
8.6%

Discounted Cash Flow Calculation for AMEX:NRO using Excess Returns Model Model

The calculations below outline how an intrinsic value for Neuberger Berman Real Estate Securities Income Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:NRO Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.9% – 8.6%) * $5.80)
$-0.33
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.33 / (8.6% - 2.73%)
$-5.64
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $5.80 + $-5.64
$0.15
AMEX:NRO Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.15
Current discount Discount to share price of $4.82
= -1 x ($4.82 - $0.15) / $0.15
-3049.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Neuberger Berman Real Estate Securities Income Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Neuberger Berman Real Estate Securities Income Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Neuberger Berman Real Estate Securities Income Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:NRO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $-0.19
AMEX:NRO Share Price ** AMEX (2019-04-18) in USD $4.82
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.77x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Neuberger Berman Real Estate Securities Income Fund.

AMEX:NRO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:NRO Share Price ÷ EPS (both in USD)

= 4.82 ÷ -0.19

-24.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Neuberger Berman Real Estate Securities Income Fund is loss making, we can't compare its value to the US Capital Markets industry average.
  • Neuberger Berman Real Estate Securities Income Fund is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Neuberger Berman Real Estate Securities Income Fund's expected growth come at a high price?
Raw Data
AMEX:NRO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -24.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.67x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Neuberger Berman Real Estate Securities Income Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Neuberger Berman Real Estate Securities Income Fund's assets?
Raw Data
AMEX:NRO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $5.06
AMEX:NRO Share Price * AMEX (2019-04-18) in USD $4.82
United States of America Capital Markets Industry PB Ratio Median Figure of 170 Publicly-Listed Capital Markets Companies 7.11x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
AMEX:NRO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:NRO Share Price ÷ Book Value per Share (both in USD)

= 4.82 ÷ 5.06

0.95x

* Primary Listing of Neuberger Berman Real Estate Securities Income Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Neuberger Berman Real Estate Securities Income Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Neuberger Berman Real Estate Securities Income Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Neuberger Berman Real Estate Securities Income Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Neuberger Berman Real Estate Securities Income Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Neuberger Berman Real Estate Securities Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Neuberger Berman Real Estate Securities Income Fund expected to grow at an attractive rate?
  • Unable to compare Neuberger Berman Real Estate Securities Income Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Neuberger Berman Real Estate Securities Income Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Neuberger Berman Real Estate Securities Income Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:NRO Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:NRO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:NRO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 15 49 -9
2018-07-31 16 45 -14
2018-04-30 17 40 -19
2018-01-31 19 57 -2
2017-10-31 22 75 16
2017-07-31 22 73 21
2017-04-30 22 72 27
2017-01-31 22 47 30
2016-10-31 22 22 34
2016-07-31 22 21 21
2016-04-30 21 20 8
2016-01-31 19 19 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Neuberger Berman Real Estate Securities Income Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Neuberger Berman Real Estate Securities Income Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:NRO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Neuberger Berman Real Estate Securities Income Fund Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:NRO Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 -0.19
2018-07-31 -0.30
2018-04-30 -0.41
2018-01-31 -0.04
2017-10-31 0.33
2017-07-31 0.45
2017-04-30 0.58
2017-01-31 0.64
2016-10-31 0.60
2016-07-31 0.37
2016-04-30 0.14
2016-01-31 0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Neuberger Berman Real Estate Securities Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Neuberger Berman Real Estate Securities Income Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Neuberger Berman Real Estate Securities Income Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Neuberger Berman Real Estate Securities Income Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Neuberger Berman Real Estate Securities Income Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Neuberger Berman Real Estate Securities Income Fund does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Neuberger Berman Real Estate Securities Income Fund's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Neuberger Berman Real Estate Securities Income Fund's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Neuberger Berman Real Estate Securities Income Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Neuberger Berman Real Estate Securities Income Fund Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:NRO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 14.58 -9.22 3.51
2018-07-31 15.69 -14.26 3.60
2018-04-30 16.79 -19.29 3.68
2018-01-31 19.39 -1.86 3.88
2017-10-31 21.98 15.57 4.07
2017-07-31 22.16 21.48 4.32
2017-04-30 22.34 27.38 4.56
2017-01-31 22.21 30.44 4.52
2016-10-31 22.08 33.51 4.49
2016-07-31 21.52 20.80 4.37
2016-04-30 20.96 8.08 4.25
2016-01-31 19.31 4.29 4.34
2015-10-31 17.66 0.49 4.44
2015-07-31 17.58 16.77 4.41
2015-04-30 17.50 33.05 4.38
2015-01-31 19.18 41.48 4.22
2014-10-31 20.86 49.91 4.05
2014-07-31 20.23 22.67 4.01
2014-04-30 19.60 -4.56 3.98
2014-01-31 18.38 11.97 4.03
2013-10-31 17.17 28.51 4.08
2013-07-31 16.82 49.17 3.94
2013-04-30 16.47 69.84 3.79
2013-01-31 15.30 63.28 3.64
2012-10-31 14.14 56.71 3.50
2012-07-31 14.84 38.94 3.49
2012-04-30 15.54 21.17 3.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Neuberger Berman Real Estate Securities Income Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Neuberger Berman Real Estate Securities Income Fund has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Neuberger Berman Real Estate Securities Income Fund improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Neuberger Berman Real Estate Securities Income Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Neuberger Berman Real Estate Securities Income Fund has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Neuberger Berman Real Estate Securities Income Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Neuberger Berman Real Estate Securities Income Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Neuberger Berman Real Estate Securities Income Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Neuberger Berman Real Estate Securities Income Fund's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Neuberger Berman Real Estate Securities Income Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Neuberger Berman Real Estate Securities Income Fund Company Filings, last reported 5 months ago.

AMEX:NRO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 240.11 99.97 0.08
2018-07-31 240.11 99.97 0.08
2018-04-30 235.38 109.95
2018-01-31 235.38 109.95
2017-10-31 274.93 124.94 1.40
2017-07-31 274.93 124.94 1.40
2017-04-30 280.04 124.92
2017-01-31 280.04 124.92
2016-10-31 332.60 125.00
2016-07-31 332.60 125.00
2016-04-30 325.05 125.00 0.39
2016-01-31 325.05 125.00 0.39
2015-10-31 320.84 125.00
2015-07-31 320.84 125.00
2015-04-30 337.05 125.00
2015-01-31 337.05 125.00
2014-10-31 340.43 125.00 3.50
2014-07-31 340.43 125.00 3.50
2014-04-30 320.73 105.00
2014-01-31 320.73 105.00
2013-10-31 303.91 105.00
2013-07-31 303.91 105.00
2013-04-30 338.78 105.00
2013-01-31 338.78 105.00
2012-10-31 288.89 105.00
2012-07-31 288.89 105.00
2012-04-30 283.65 100.99
  • Neuberger Berman Real Estate Securities Income Fund's level of debt (41.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34.5% vs 41.6% today).
  • Debt is well covered by operating cash flow (49.4%, greater than 20% of total debt).
  • Neuberger Berman Real Estate Securities Income Fund is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Neuberger Berman Real Estate Securities Income Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Neuberger Berman Real Estate Securities Income Fund has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Neuberger Berman Real Estate Securities Income Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.96%
Current annual income from Neuberger Berman Real Estate Securities Income Fund dividends.
If you bought $2,000 of Neuberger Berman Real Estate Securities Income Fund shares you are expected to receive $199 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Neuberger Berman Real Estate Securities Income Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • Neuberger Berman Real Estate Securities Income Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:NRO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:NRO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.480 9.719
2019-02-28 0.480 9.798
2019-01-31 0.480 10.046
2018-12-31 0.480 10.898
2018-11-30 0.480 11.168
2018-09-28 0.540 11.522
2018-07-31 0.540 10.525
2018-06-29 0.540 10.464
2018-05-31 0.540 10.691
2018-04-30 0.540 11.185
2018-02-28 0.540 11.430
2018-02-01 0.540 11.581
2017-11-30 0.540 10.095
2017-10-31 0.540 9.884
2017-09-29 0.540 9.663
2017-08-31 0.540 9.745
2017-07-31 0.540 9.894
2017-06-30 0.540 9.932
2017-05-31 0.540 10.023
2017-05-01 0.480 9.173
2017-03-31 0.480 8.837
2017-03-01 0.480 9.162
2017-01-31 0.480 8.987
2016-12-30 0.480 8.968
2016-11-30 0.480 9.096
2016-10-31 0.480 9.278
2016-09-30 0.480 8.774
2016-08-31 0.480 8.436
2016-07-25 0.480 8.188
2016-07-01 0.360 6.250
2016-05-31 0.360 6.619
2016-05-02 0.360 6.869
2016-04-01 0.360 7.038
2016-02-29 0.360 7.359
2016-01-29 0.360 8.026
2015-11-30 0.360 7.547
2015-10-30 0.360 7.358
2015-09-30 0.360 7.302
2015-08-31 0.360 7.884
2015-07-31 0.360 7.538
2015-06-30 0.360 7.408
2015-05-29 0.360 7.388
2015-04-30 0.360 7.100
2015-04-01 0.360 6.795
2015-02-27 0.360 6.722
2015-01-30 0.360 6.587
2014-12-31 0.360 6.576
2014-11-28 0.360 6.891
2014-10-07 0.360 7.075
2014-09-30 0.240 4.976
2014-08-29 0.240 4.852
2014-07-31 0.240 4.785
2014-07-01 0.240 4.764
2014-05-30 0.240 4.825
2014-05-02 0.240 4.864
2014-03-31 0.240 5.007
2014-03-03 0.240 5.135
2014-01-31 0.240 5.254
2013-12-31 0.240 5.406
2013-11-29 0.240 5.534
2013-10-31 0.240 5.322
2013-09-30 0.240 5.222
2013-08-30 0.240 5.385
2013-07-31 0.240 5.340
2013-06-28 0.240 4.934
2013-05-31 0.240 4.969
2013-04-30 0.240 4.413
2013-03-28 0.240 4.567
2013-02-28 0.240 4.753
2013-01-31 0.240 4.842
2012-12-31 0.240 4.992
2012-11-30 0.240 5.270
2012-10-31 0.240 5.303
2012-09-28 0.240 5.103
2012-08-31 0.240 5.005
2012-07-31 0.240 5.068
2012-06-29 0.240 5.248
2012-05-31 0.240 5.715
2012-04-30 0.240 5.644
2012-03-30 0.240 5.636
2012-02-29 0.240 5.747
2012-01-31 0.240 5.831
2011-12-30 0.240 6.184
2011-11-30 0.240 6.581
2011-10-31 0.240 6.424
2011-08-31 0.240 6.555
2011-07-29 0.240 6.329
2011-06-30 0.240 5.514
2011-05-31 0.240 5.666
2011-04-29 0.240 5.526
2011-03-31 0.240 5.709
2011-02-28 0.240 5.882
2011-01-31 0.240 5.898
2010-12-31 0.240 6.017
2010-11-30 0.240 6.180
2010-10-29 0.240 6.192
2010-09-30 0.240 6.336
2010-08-31 0.240 6.533
2010-07-30 0.240 6.837
2010-06-30 0.240 7.115
2010-06-01 0.240 6.911
2010-04-30 0.240 6.814
2010-03-31 0.240 6.729
2010-02-01 0.240 7.570
2009-12-31 0.240 7.852
2009-11-30 0.240 8.208
2009-10-30 0.240 8.854
2009-09-30 0.240 8.478
2009-08-31 0.240 8.623
2009-07-31 0.240 9.692
2009-07-01 0.240 11.997
2009-05-12 0.240 12.481
2009-04-30 0.456 21.498
2009-04-22 0.456 25.552

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Neuberger Berman Real Estate Securities Income Fund's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Neuberger Berman Real Estate Securities Income Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Neuberger Berman Real Estate Securities Income Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Neuberger Berman Real Estate Securities Income Fund has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Neuberger Berman Real Estate Securities Income Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Robert Conti
COMPENSATION $0
AGE 62
CEO Bio

Mr. Robert John Conti, also known as Bobby, has been the Chief Executive Officer and President of Neuberger Berman BD LLC since 2008. Mr. Conti has been a Managing Director at Neuberger Berman LLC since 2007. He serves as President and Chief Executive Officer of various funds in the fund complex of Neuberger Berman Funds. He has been an Employee of Neuberger Berman since 1980. He served as Vice President at General Electric Capital Corp. since 2004. Mr. Conti served as a Controller of NB Management until 1996, Investment Manager since 2002, Administrator since 2003 and Treasurer from 1996 to 1999. He served as a Senior Vice President at Neuberger Berman from 2003 to 2006 and Vice President from 1999 to 2003. He served as Vice President of sixteen registered investment companies for which NB Management acts as investment manager and administrator and Vice President of one registered investment company for which NB Management acts as investment adviser since 2006. He served as Chief Executive Officer, President, Trustee and Member of Executive Committee at Neuberger Berman Advisers Management Trust - Small Cap Growth Portfolio. Mr. Conti served a variety of positions in connection with Neuberger Berman's mutual funds business. He served as an Executive Vice President at Neuberger Berman's mutual funds. He serves as a Director and Trustee of 53 funds in the fund complex of Neuberger Berman Funds. He has been the Chairman of the Board of Staten Island Mental Health Society since 2008.

CEO Compensation
  • Insufficient data for Robert to compare compensation growth.
  • Insufficient data for Robert to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Robert Conti

TITLE
Chief Executive Officer
AGE
62

Joe Amato

TITLE
Director
AGE
56
TENURE
12.3 yrs

John McGovern

TITLE
Principal Financial Officer
AGE
48

Chamaine Williams

TITLE
Chief Compliance Officer
AGE
47

Andrew Allard

TITLE
Chief Legal Officer and Anti-Money Laundering Compliance Officer
AGE
57

Frederic Soule

TITLE
Senior Vice President of Neuberger Berman
AGE
71
TENURE
16.3 yrs

Claudia Brandon

TITLE
Executive Vice President and Secretary
AGE
62

Steve Brown

TITLE
Portfolio Manager
AGE
57

Brian Kerrane

TITLE
Vice President
AGE
49

Owen McEntee

TITLE
Vice President
AGE
57
Board of Directors Tenure

Average tenure and age of the Neuberger Berman Real Estate Securities Income Fund board of directors in years:

12.2
Average Tenure
69
Average Age
  • The average tenure for the Neuberger Berman Real Estate Securities Income Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tom Seip

TITLE
Non-Executive Chairman
COMPENSATION
$21K
AGE
68
TENURE
10.3 yrs

Robert Conti

TITLE
Chief Executive Officer
AGE
62
TENURE
11.3 yrs

Joe Amato

TITLE
Director
AGE
56
TENURE
10.1 yrs

Candace Straight

TITLE
Independent Director
COMPENSATION
$18K
AGE
70
TENURE
16.3 yrs

Faith Colish

TITLE
Independent Director
COMPENSATION
$18K
AGE
83
TENURE
16.3 yrs

Michael Knetter

TITLE
Independent Director
COMPENSATION
$18K
AGE
58
TENURE
12.2 yrs

George Morriss

TITLE
Independent Director
COMPENSATION
$18K
AGE
71
TENURE
12.2 yrs

Martha Goss

TITLE
Independent Director
COMPENSATION
$16K
AGE
68
TENURE
11.8 yrs

Peter Trapp

TITLE
Independent Director
COMPENSATION
$18K
AGE
74
TENURE
16.3 yrs

Howard Mileaf

TITLE
Independent Director
COMPENSATION
$17K
AGE
81
TENURE
16.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Neuberger Berman Real Estate Securities Income Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Neuberger Berman Real Estate Securities Income Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Neuberger Berman Real Estate Securities Income Fund, Inc. is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts. The fund invests in growth stocks of companies operating across all market capitalizations. It employs a fundamental analysis including direct real estate analysis, on-site real estate analysis, and frequent meetings with company management to make its investments. The fund benchmarks the performance of its portfolio against the NAREIT Equity Index and S&P 500 Index. Neuberger Berman Real Estate Securities Income Fund, Inc was formed on October 28, 2003 and is domiciled in the United States.

Details
Name: Neuberger Berman Real Estate Securities Income Fund Inc.
NRO
Exchange: AMEX
Founded: 2003
$228,562,814
47,419,671
Website: http://
Address: Neuberger Berman Real Estate Securities Income Fund Inc.
1290 Avenue of the Americas,
New York,
New York, 10104,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX NRO Common Shares NYSE MKT LLC US USD 29. Oct 2003
Number of employees
Current staff
Staff numbers
0
Neuberger Berman Real Estate Securities Income Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 23:50
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/01/07
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.