CBRE GLOBAL REAL ESTATE INCOME FUND (IGR)
The CBRE Clarion Global Real Estate Income Fund strategically allocates capital to a diverse array of real estate sectors. These investments span commercial properties like offices and retail, residential assets such as apartments, industrial sites, hospitality venues, healthcare facilities, and storage solutions, alongside other diversified real estate types. The fund's mandate involves acquiring publicly traded equities within the mature markets of North America, Europe, Australia, and Asia. It specifically targets shares of companies operating within the broader real estate industry, including Real Estate Investment Trusts (REITs), without restriction on market capitalization. The construction of its portfolio is guided by a rigorous fundamental analysis framework, supported by proprietary in-house research to inform all investment choices.
Industry: Asset Management - Income
CBRE Global Real Estate Income Fund
NYSE:IGRFinancial Services · Asset Management - Income
+0.75%$10.78
AH Close$10.78+0.00%vs close
AH Close$10.78+0.00%vs close
Mkt Cap$545.32M
Float50.54M
O/S50.59M
Inst Own23.9%
SI0.4%
Div Yield20.04%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$7.36M
Net Income$17.05M
Total Assets$1.01B
Free Cash Flow$13.15M
Debt & Equity
Debt 32%
Equity 68%
Total Debt$326.73M
Total Equity$680.67M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:3
Nasdaq bars a compliance period at 1:250
- 1:3Reverse splitSep 8, 20263 shares → 1
Balance Sheet Details
Assets$1.01B
Liabilities$328.94M
Accounts Receivable$6.97M
Accounts Payable$1.26M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $7.36M | $42.03M | $43.08M | $111.98M | $348.14M | -$14.83M | $224.17M | -$95.88M | $111.37M | $34.23M | $44.9M | $47.65M | $50.13M | $48.92M |
| YoY Growth | -82.5% | -2.4% | -61.5% | -67.8% | -2448.1% | -106.6% | -333.8% | -186.1% | 225.4% | -23.8% | -5.8% | -5.0% | 2.5% | - |
| Cost of Revenue | $9.79M | $0 | $0 | $8.34M | $12.39M | $10.07M | $10.61M | $10.32M | $10.82M | $10.46M | $0 | $0 | $0 | $0 |
| Gross Profit | -$2.43M | $42.03M | $43.08M | $44.14M | $335.76M | -$24.9M | $213.56M | -$106.2M | $100.55M | $23.77M | $44.9M | $47.65M | $50.13M | $48.92M |
| Gross Margin | -33.0% | 100.0% | 100.0% | 39.4% | 96.4% | 167.9% | 95.3% | 110.8% | 90.3% | 69.4% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$4 | $0 | $0 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.74M | $11.24M | $11.03M | $1.93M | $1.67M | $1.67M | $1.8M | $1.79M | $1.72M | $11.58M | $12.45M | $12.25M | $11.57M | $10.23M |
| Other | -$38.22M | $0 | $0 | $72K | $11.65M | $9.4M | $169K | $172K | $181K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$36.49M | $11.24M | $11.03M | $2M | $13.33M | $11.07M | $1.96M | $1.97M | $1.9M | $16.96M | $108.36M | $147.18M | $38.37M | $174.49M |
| Operating Income (EBIT) | $34.06M | $30.79M | $32.05M | -$395.65M | $348.99M | -$15.61M | $222.21M | -$94.26M | $112.21M | $31.55M | $32.45M | $35.4M | $38.57M | $38.69M |
| Operating Margin | 462.7% | 73.3% | 74.4% | -353.3% | 100.2% | 105.3% | 99.1% | 98.3% | 100.8% | 92.2% | 72.3% | 74.3% | 76.9% | 79.1% |
| Interest Expense | $17.15M | $19.67M | $19.27M | $8.34M | $2.36M | $2.37M | $4.09M | $3.58M | $2.74M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $40.85M | $4K | $6K | $1K | $0 | $97 | $739 | $470 | $258 | $939K | $928K | $690K | $266K | $131K |
| Other Income (Expense) | -$17.01M | -$85.24M | $80.09M | -$8.65M | -$2.62M | -$2.13M | $0 | -$88.06M | $75.88M | -$6.31M | -$96.84M | $158.74M | -$27.07M | $184.59M |
| Income Before Tax (EBT) | $17.05M | -$54.45M | $112.14M | -$403.98M | $346.37M | -$17.74M | $222.21M | -$97.84M | $109.47M | $25.01M | -$64.39M | $194.14M | $11.5M | $223.28M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $33.58M | $0 | $0 | $0 | $0 | $0 |
| Net Income | $17.05M | -$54.45M | $112.14M | -$403.98M | $346.37M | -$17.74M | $222.21M | -$97.84M | $109.47M | $25.01M | -$64.39M | $194.14M | $11.5M | $223.28M |
| Net Income Margin | 231.7% | -129.5% | 260.3% | -360.8% | 99.5% | 119.7% | 99.1% | 102.1% | 98.3% | 73.1% | -143.4% | 407.4% | 22.9% | 456.4% |
| Supplementary Data | ||||||||||||||
| EPS | 0.36 | -1.14 | 2.40 | -10.38 | 8.91 | -0.45 | 5.73 | -2.52 | 2.82 | 0.63 | -1.65 | 5.01 | 0.30 | 5.76 |
| Diluted EPS | 0.36 | -1.14 | 2.40 | -10.38 | 8.91 | -0.45 | 5.73 | -2.52 | 2.82 | 0.63 | -1.65 | 5.01 | 0.30 | 5.76 |
| Weighted Average OS | 47.37M | 47.17M | 46.66M | 38.86M | 38.86M | 38.86M | 38.86M | 38.83M | 38.82M | 40.54M | 38.86M | 38.86M | 38.86M | 38.86M |
| EBITDA | $34.21M | $30.79M | $131.65M | -$395.33M | $348.73M | -$15.61M | $226.3M | -$97.52M | $112.21M | $30.62M | $32.45M | $35.4M | $38.57M | $0 |
| EBITDA Margin | 464.7% | 73.3% | 305.6% | -353.0% | 100.2% | 105.3% | 101.0% | 101.7% | 100.8% | 89.5% | 72.3% | 74.3% | 76.9% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $43 | $93 | $280K | $200K | $157K | $156K | $1.64M | $178K | $200K | $519 | $134K | $929K | $0 | $182K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $43 | $93 | $280K | $200K | $157K | $156K | $1.64M | $178K | $200K | $519 | $134K | $929K | $0 | $182K |
| Accounts Receivable | $6.97M | $7.48M | $72.19M | $15.05M | $9.05M | $12.88M | $27.49M | $5.83M | $5.88M | $16.13M | $18.03M | $102.55M | $49.31M | $7.31M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $1.12M | $0 | $0 | -$13.04M | $0 | $97K | $516K | $999K | $1.1M | $518K | $47K | $34K |
| Total Current Assets | $6.97M | $7.48M | $73.59M | $15.25M | $9.2M | $0 | $29.13M | $6M | $6.08M | $17.13M | $19.26M | $104M | $49.36M | $7.53M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1B | $1.06B | $1.09B | $1.07B | $1.54B | $1.23B | $1.21B | $959.29M | $1.22B | $1.09B | $1.24B | $1.28B | $1.13B | $1.12B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $116K | $1.07B | $120K | $1.08B | $1.55B | $0 | $0 | -$959.29M | -$1.22B | $115K | $95K | $117K | $118K | -$1.12B |
| Total Long-Term Assets | $1B | $1.06B | $1.09B | $1.07B | $1.54B | $1.23B | $1.21B | $959.29M | $1.22B | $1.09B | $1.24B | $1.28B | $1.13B | $1.12B |
| Other Assets | $0 | $7.59M | -$1.12M | $120K | $120K | $1.25B | $109K | $109K | $109K | $0 | $0 | $0 | $0 | $125K |
| Total Assets | $1.01B | $1.07B | $1.16B | $1.08B | $1.55B | $1.25B | $1.24B | $965.4M | $1.23B | $1.1B | $1.26B | $1.38B | $1.17B | $1.13B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $1.26M | $1.57M | $2M | $1.59M | $10.68M | $11.05M | $81.6M | $9.48M | $884K | $5.55M | $26.2M | $68.33M | $61.32M | $0 |
| Short-Term Debt | $0 | $347.92M | $289.44M | $345.21M | $320.49M | $289.73M | $0 | $0 | $0 | $88.11M | $174.41M | $125.92M | $58.73M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$343.61M | -$309.81M | -$278.68M | -$39.42M | -$64.63M | -$174.86M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$348.72M | -$2.91M | -$2.38M | -$11.73M | -$11.92M | $38.58M | -$10.18M | -$1.77M | $0 | $61K | $59K | $13K | $22.79M |
| Total Current Liabilities | $1.99M | $1.57M | $292.28M | $1.59M | $10.68M | $11.05M | $81.6M | $9.48M | $884K | $94.9M | $202.1M | $195.63M | $121.28M | $22.79M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $326.73M | $347.92M | $289.44M | $345.21M | $320.49M | $289.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $217K | $1.06M | $1.19M | $1.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $326.95M | $348.98M | $290.63M | $346.36M | $320.49M | $289.73M | $121.02M | $74.11M | $175.74M | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $350.55M | -$2M | $344.77M | $1.37M | $301.97M | $1.28M | $1.17M | $1.4M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $328.94M | $350.55M | $292.63M | $347.96M | $332.54M | $301.97M | $203.9M | $84.76M | $178.02M | $94.9M | $202.1M | $195.63M | $121.28M | $22.79M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $151K | $141K | $140K | $117K | $117K | $117K | $117K | $117K | $117K | $117K | $117K | $117K | $117K | $117K |
| Retained Earnings | -$314.66M | -$315.18M | -$177.14M | -$203.76M | $281.84M | $5.35M | $47.09M | -$140.41M | -$7.3M | -$204.99M | -$189.97M | -$112.86M | -$276.19M | -$258.26M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $995.18M | $1.04B | $1.04B | $939.66M | $939.66M | $939.73M | $985.68M | $1.02B | $1.06B | $1.21B | $1.24B | $1.3B | $1.33B | $1.36B |
| Total Equity | $680.67M | $721.03M | $867.27M | $736.01M | $1.22B | $945.19M | $1.03B | $880.64M | $1.05B | $1.01B | $1.05B | $1.18B | $1.05B | $1.1B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.01B | $1.07B | $1.16B | $1.08B | $1.55B | $1.25B | $1.24B | $965.4M | $1.23B | $1.1B | $1.26B | $1.38B | $1.17B | $1.13B |
| Supplementary Data | ||||||||||||||
| Total Debt | $326.73M | $347.92M | $289.44M | $345.21M | $320.49M | $289.73M | $121.02M | $74.11M | $175.74M | $88.11M | $174.41M | $125.92M | $58.73M | $0 |
| Net Debt | $326.73M | $347.92M | $289.16M | $345.01M | $320.33M | $289.57M | $119.38M | $73.93M | $175.54M | $88.11M | $174.28M | $124.99M | $58.73M | -$182K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $17.05M | -$54.45M | $112.14M | -$403.98M | $346.37M | -$17.74M | $222.21M | -$97.84M | $109.47M | $25.01M | -$64.39M | $194.14M | $11.5M | $223.28M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $504K | $64.71M | -$57.14M | -$6.01M | $3.84M | $14.61M | -$21.66M | $52K | $11.25M | $1.68M | $84.52M | -$53.24M | -$42M | $266K |
| Inventory | $0 | $0 | $0 | -$1.97M | -$3.22M | -$3.12M | -$2.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$64K | -$199K | $378K | -$10.58M | -$195K | -$70.43M | $72.16M | $8.61M | -$5.12M | -$20.73M | $0 | $0 | $0 | $0 |
| Other Working Capital | -$355K | -$63K | $194K | $3.2M | $3.23M | $2.91M | $2.09M | $1.94M | $4.41M | $3.55M | -$1.22M | $442K | $109K | $0 |
| Total Working Capital Change | $85K | $64.45M | -$56.56M | -$15.36M | $3.65M | -$56.03M | $50.57M | $8.58M | $6.41M | -$15.5M | $83.29M | -$52.8M | -$41.89M | $266K |
| Other Non-Cash Items | -$3.99M | $23.31M | -$18.93M | $476.24M | -$310.83M | -$26.46M | -$248.26M | $260.85M | -$133.56M | $18.81M | -$1.73M | -$144.65M | $55.88M | -$134.57M |
| Net Cash from Operating | $13.15M | $33.31M | $36.64M | $56.89M | $39.19M | -$100.23M | $24.52M | $171.59M | -$17.68M | $9.28M | $17.17M | -$3.31M | $25.49M | $88.7M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$291.2M | -$1.03B | -$559.87M | -$685.28M | -$1.06B | -$891.37M | -$567.94M | -$782.43M | -$1.51B | -$773.47M | $0 | $0 | $0 | $0 |
| Sales of Investments | $356.66M | $990.11M | $640.54M | $732.86M | $1.07B | $824.13M | $521.05M | $921.36M | $1.45B | $920.32M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $41.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $65.46M | -$41.99M | $80.67M | $47.59M | $7.05M | -$67.24M | -$46.89M | $138.93M | -$59.11M | $146.85M | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | $21.19M | -$58.48M | $55.77M | -$24.72M | -$30.76M | -$168.71M | -$46.91M | $101.63M | -$87.64M | - | - | - | - | - |
| Common Stock Issuance | $50.14M | $9.38M | $117.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$107.55M | -$101.31M | -$96.49M | -$81.57M | -$69.95M | -$69.97M | -$69.96M | -$69.98M | -$69.75M | -$69.95M | -$66.46M | -$62.96M | -$62.96M | -$67.86M |
| Other Financing Activities | $0 | -$138K | $0 | $0 | $0 | $0 | $46.91M | $0 | $0 | -$86.31M | $48.49M | $67.2M | $37.29M | -$20.73M |
| Net Cash from Financing | -$78.61M | -$33.59M | -$36.56M | -$56.85M | -$39.19M | $98.74M | -$23.05M | -$171.61M | $17.88M | -$156.26M | -$17.96M | $4.24M | -$25.67M | -$88.59M |
| Forex Effect | $0 | $0 | $0 | -$47.59M | -$7.05M | $67.24M | $46.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$50 | -$280K | $79K | $43K | $745 | -$1.49M | $1.47M | -$22K | $199K | -$133K | -$796K | $929K | -$182K | $117K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $13.15M | $33.31M | $36.64M | $56.89M | $39.19M | -$100.23M | $24.52M | $171.59M | -$17.68M | $9.28M | $17.17M | -$3.31M | $25.49M | $88.7M |
| Capital Expenditure | $3 | -$4 | $0 | $0 | $0 | -$5 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $13.15M | $33.31M | $36.64M | $56.89M | $39.19M | -$100.23M | $24.52M | $171.59M | -$17.68M | $9.28M | $17.17M | -$3.31M | $25.49M | $88.7M |
| Cash at Beginning | $93 | $280K | $200K | $157K | $156K | $1.64M | $178K | $200K | $519 | $134K | $929K | $63 | $182K | $65K |
| Cash at End | $43 | $93 | $280K | $200K | $157K | $156K | $1.64M | $178K | $200K | $519 | $134K | $929K | $63 | $182K |