TRREX Performance — T. Rowe Price Real Estate Fund, Inc.
Data updated: 2026-08-27
TRREX returned +12.73% year to date and +13.06% over one year to Jun 2026. Annualised returns are +8.24% over 3 years and +3.12% over 5 years. The fund trailed its Real Estate category average: $100 invested three years ago grew to $127, against $132 for the category, and to $113 over one year, against $115. Volatility over the past three years was 16.43% a year. In the 12 months to Jun 2026 the fund lost a net $75.0M, and assets reached $657.80M.
TRREX Growth of $100
What $100 invested in T. Rowe Price Real Estate Fund, Inc. grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Real Estate category average over the same months.
| Period | TRREX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $113 | $115 |
| 3 years (Jul 2023 – Jun 2026) | $127 | $132 |
| 5 years (Jul 2021 – Jun 2026) | $117 | $119 |
| Since data start (Jul 2019 – Jun 2026) | $135 | $151 |
TRREX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.73% |
| 1 year | +13.06% |
| 3 years (annualised) | +8.24% |
| 5 years (annualised) | +3.12% |
TRREX Annual Returns
Calendar-year total returns of T. Rowe Price Real Estate Fund, Inc., compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +12.73% |
| 2025 | −0.08% |
| 2024 | +3.59% |
| 2023 | +13.11% |
| 2022 | −25.84% |
| 2021 | +47.21% |
| 2020 | −11.38% |
| 2019 (Jul–Dec) | +5.47% |
TRREX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.2% | +6.6% | −5.9% | +8.3% | −0.1% | +1.6% | — | — | — | — | — | — |
| 2025 | +1.4% | +4.6% | −3.2% | −2.9% | +0.8% | −0.9% | −1.3% | +3.6% | +0.2% | −2.1% | +2.7% | −2.6% |
| 2024 | −5.0% | +1.9% | +1.3% | −9.0% | +5.7% | +2.3% | +7.3% | +5.5% | +2.6% | −4.3% | +3.8% | −7.0% |
| 2023 | +10.3% | −5.7% | −1.2% | +0.7% | −4.6% | +5.4% | +2.1% | −3.3% | −6.3% | −2.7% | +10.7% | +9.0% |
| 2022 | −7.1% | −2.3% | +6.9% | −3.8% | −7.1% | −8.1% | +8.5% | −5.4% | −11.7% | +2.6% | +5.3% | −5.0% |
| 2021 | −0.1% | +4.8% | +4.8% | +7.8% | +1.4% | +3.0% | +5.3% | +1.4% | −4.2% | +8.0% | −0.8% | +8.7% |
| 2020 | +0.6% | −8.0% | −21.3% | +8.1% | −1.8% | +2.1% | +2.1% | +0.5% | −3.3% | −2.3% | +13.3% | +2.1% |
| 2019 | — | — | — | — | — | — | +1.5% | +1.6% | +2.4% | +0.8% | −0.4% | −0.5% |
TRREX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.43%
- 3-year Sharpe ratio: 0.23 (vs 4.5% risk-free rate)
- Best month: +10.71% (Nov 2023)
- Worst month: −8.97% (Apr 2024)
TRREX Fund Flows
Monthly money in and out of T. Rowe Price Real Estate Fund, Inc., from SEC Form N-PORT.
- 12-month net flow: −$75.0M
- 12-month gross sales (incl. reinvestments): $106.0M
- Sales ÷ redemptions: 0.59×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $11.7M | $13.7M | −$2.0M |
| May 2026 | $2.8M | $14.4M | −$11.6M |
| Apr 2026 | $2.9M | $10.3M | −$7.4M |
| Mar 2026 | $7.9M | $13.1M | −$5.2M |
| Feb 2026 | $6.1M | $15.2M | −$9.1M |
| Jan 2026 | $6.5M | $18.6M | −$12.1M |
| Dec 2025 | $35.0M | $18.3M | $16.6M |
| Nov 2025 | $6.0M | $18.6M | −$12.6M |
| Oct 2025 | $6.8M | $15.8M | −$9.0M |
| Sep 2025 | $9.3M | $13.2M | −$3.9M |
| Aug 2025 | $6.1M | $16.8M | −$10.6M |
| Jul 2025 | $5.0M | $13.1M | −$8.1M |
TRREX Assets Under Management
Net assets of T. Rowe Price Real Estate Fund, Inc. by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $657.80M |
| 2026-03-31 | $621.81M |
| 2025-12-31 | $635.71M |
| 2025-09-30 | $685.70M |
| 2025-06-30 | $696.10M |
| 2025-03-31 | $745.76M |
| 2024-12-31 | $748.59M |
| 2024-09-30 | $847.45M |
| 2024-06-30 | $813.36M |
| 2024-03-31 | $853.99M |
| 2023-12-31 | $900.44M |
| 2023-09-30 | $805.17M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.