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Q&A With Marc Halle, Co-Manager, Prudential Real Estate Income Fund
The manager thinks its a great time to invest in real estate... of course, he is paid to invest in real estate. If you pay me six figures to invest in Florida swamp land, I can make a case for that too. Would he tell you if he thought it was a cruddy time to invest in real estate? The link looks like a thinly-guised advertisement for this nascent fund.
This fund is brand-new -- opened in June 2015, so no operating history. Its paid one divd -- but the size of that divd may not be predictive of an ongoing yield. So if one is investing here for income, its WAY premature to do so --until a track record of consistent divds is available for evaluation...
For those looking for an explicity "income-focused REIT fund , Fidelity has a good, long-lived one (FRIFX). Though if I wanted an income focused REIT fund, I'd look at CEFs. Cohen & Steers have several. IGR is another good one (at least has been, historically). Prudential has a CEF too (PGZ), but it seems to be UNDER-earning its distribution, so I am not interested.
Comments
This fund is brand-new -- opened in June 2015, so no operating history. Its paid one divd -- but the size of that divd may not be predictive of an ongoing yield. So if one is investing here for income, its WAY premature to do so --until a track record of consistent divds is available for evaluation...
For those looking for an explicity "income-focused REIT fund , Fidelity has a good, long-lived one (FRIFX). Though if I wanted an income focused REIT fund, I'd look at CEFs. Cohen & Steers have several. IGR is another good one (at least has been, historically). Prudential has a CEF too (PGZ), but it seems to be UNDER-earning its distribution, so I am not interested.