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.

Neuberger Berman Real Estate Securities Income Fund Inc.

Almanac Realty Investors

NB Private Wealth

NB Private Equity Partners

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 26 countries, Neuberger Berman’s diverse team has over 2,700 professionals. For nine consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). Neuberger Berman is a PRI Leader, a designation, since last assessed, that was awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. In the 2021 PRI Assessment, the firm obtained the highest possible scoring for its overarching approach to ESG investment and stewardship, and integration across asset classes.

For important disclosures: http://www.nb.com/linkedin

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Neuberger Berman

At Neuberger Berman, we recognize #BlackHistoryMonth as an opportunity to learn from one another. Our employee resource group, NB Black Experience, is hosting several events and highlighting employee perspectives throughout the month to reinforce our goal of creating an inclusive and equitable culture, aimed at supplying all of our employees with the necessary skills, exposure and opportunities to reach their full potential.

Our colleague, Jude Omodon (Associate, Private Equity), reflects on the significance of #BlackHistoryMonth.


Happy #LunarNewYear 🌠 🏮 

To celebrate, our employee resource group, NB APPEAL, has been hosting events across regions to bring colleagues together for the occasion. Though the Year of the Dragon began on February 10, our London office kicked off the festivities early with a special event last week.

Conditions for #IG tech deals are improving, creating potential for #sector overhang but, in our view, limited #credit impact. Click the link below to hear Ronnie K.'s new #NBBlog 

https://lnkd.in/ekxhsX5g

In a busy political year, electorates in #Asia are likely to opt for #policy continuity given strong #economic performance.  Read more about Prashant Singh's views in the new #NBBlog linked below. 

https://lnkd.in/ega-4T-q




	Oct '13	Oct '14	Oct '15	Oct '16	Oct '17	Oct '18	Oct '19	Oct '20	Oct '21	Oct '22	Oct '23
net income	28.51M -	49.91M 75.08%	492.65K 99.01%	33.51M 6,702.79%	15.57M 53.53%	-9.22M 159.19%	61.41M 766.24%	-71.47M 216.38%	82.97M 216.09%	-70.19M 184.61%	-1.24M 98.23%
depreciation and amortization
deferred income tax
stock based compensation
change in working capital	2.93M -	947.59K 67.71%	-3.26M 443.80%	-90.72K 97.22%	1.48M 1,726.46%	-1.43M 197.24%	2.12M 247.78%	-2.35M 210.92%	83.68K 103.56%	-223.72K 367.34%	-162.28K 27.46%
accounts receivables							652 -	26.16K 3,912.88%	-1.77K 106.77%	-189.59K 10,605.31%	195.98K 203.37%
inventory
accounts payables							2.11M -	-2.17M 202.83%		-57.88K -	-20.89K 63.91%
other working capital							13.16K -	-211.76K 1,708.97%	85.45K 140.35%	23.75K 72.20%	-337.36K 1,520.24%
other non cash items	-17.97M -	-53.96M 200.32%	19.33M 135.82%	-11.69M 160.48%	57.58M 592.56%	60.03M 4.26%	-40.95M 168.21%	151.61M 470.24%	-89.56M 159.07%	98.12M 209.56%	6.37M 93.50%
net cash provided by operating activities	13.47M -	-3.10M 123.02%	16.56M 633.92%	21.73M 31.22%	74.63M 243.38%	49.38M 33.83%	22.58M 54.26%	77.79M 244.43%	-6.51M 108.37%	27.70M 525.71%	4.97M 82.05%
investments in property plant and equipment
acquisitions net
purchases of investments							-23.03M -	-129.66M 463.03%		-74.12M -	-14.78M 80.06%
sales maturities of investments							11.28M -	56.04M 396.93%		98.76M -	36.65M 62.89%
other investing activites							23.50M -	147.24M 526.45%
net cash used for investing activites							11.75M -	73.62M 526.45%		24.64M -	21.87M 11.23%
debt repayment		-80M -				-25M -		-55M -		-10M -	-10M 0%
common stock issued
common stock repurchased					-48.62M -
dividends paid	-13.39M -	-13.40M 0.06%	-20.06M 49.74%	-21.73M 8.33%	-49.60M 128.24%	-25.71M 48.17%	-22.66M 11.86%	-22.79M 0.56%	-18.49M 18.85%	-17.70M 4.28%	-17.77M 0.39%
other financing activites		100M -			25M -			-55M -	25M 145.45%
net cash used provided by financing activities	-13.39M -	6.60M 149.31%	-20.06M 403.88%	-21.73M 8.33%	-73.22M 236.92%	-50.71M 30.75%	-22.66M 55.31%	-77.79M 243.28%	6.51M 108.37%	-27.70M 525.71%	-27.77M 0.25%
effect of forex changes on cash							-11.75M -
net change in cash	84.14K -	3.50M 4,059.54%	-3.50M 200%		1.40M -	-1.33M 194.60%	-75.77K 94.29%	73.62M 97,261.24%		24.64M -	-926.85K 103.76%
cash at beginning of period	-84.14K -		3.50M -			1.40M -	75.77K 94.60%
cash at end of period		3.50M -			1.40M -	75.77K 94.60%		73.62M -		24.64M -	-926.85K 103.76%
operating cash flow	13.47M -	-3.10M 123.02%	16.56M 633.92%	21.73M 31.22%	74.63M 243.38%	49.38M 33.83%	22.58M 54.26%	77.79M 244.43%	-6.51M 108.37%	27.70M 525.71%	4.97M 82.05%
capital expenditure
free cash flow	13.47M -	-3.10M 123.02%	16.56M 633.92%	21.73M 31.22%	74.63M 243.38%	49.38M 33.83%	22.58M 54.26%	77.79M 244.43%	-6.51M 108.37%	27.70M 525.71%	4.97M 82.05%

NYSE:NRO

Neuberger Berman Group LLC

Last Close

3.53

26/07 19:59

Market Cap

158.98M

Beta: 1.31

Volume Today

110.92K

Avg: 158.48K

PE Ratio

−2.24

PFCF: 5.68

Dividend Yield

11.29%

Payout:−25.22%

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