RMR Real Estate Income Fund (NYSE American: RIF) offers its investors the opportunity to invest in income producing real estate securities across various property types that have been strategically selected, leveraging our unique access to extensive commercial real estate expertise.  The Fund’s primary investment objective is to earn and pay a high level of current income to its common shareholders by investing in real estate companies, including real estate investment trusts, and its secondary objective is capital appreciation. As of December 31, 2019, RMR Advisors LLC, the Fund’s investment adviser, had approximately $360 million assets under management primarily invested in common and preferred real estate securities.

RIF's Mandate

Objective

1

To earn and pay a high level of current income to its common shareholders by investing in real estate securities.

2

Capital appreciation.

Criteria

1

90%+ of managed assets must be invested in income producing securities issued by real estate companies.

2

75% + of managed assets must be invested in securities issued by real estate investment trusts.

3

10% - no more then ten percent of managed assets can be invested in securities denominated in currencies other than the US dollar or traded on a non-US stock exchange.

For term definitions, please refer to the footer at the bottom of this page.

Investment Approach

RIF's portfolio management team (the “team”) employs a value oriented investment process which integrates a top-down bottom-up method of selecting individual securities for the RIF portfolio.  Leveraging its affiliation with The RMR Group, the team believes that it benefits from a unique advantage over its peers in its top-down analysis approach.  The breadth and depth of The RMR Group platform provides the team a broad scope of expert insight and information which the team draws upon when setting the portfolio’s strategy.  The team’s bottom-up analysis utilizes traditional fundamental equity analysis to evaluate a company’s portfolio, current business strategy, capital structure, management track record and ability to grow and sustain the dividend.

The RMR Advantage

RMR Advisors LLC is a wholly owned subsidiary of The RMR Group LLC.  RMR Advisors benefits from The RMR Group’s resource rich platform, leveraging its deep industry expertise, “boots on the ground” knowledge and real-time fundamental market data.

People Icon

Experience

Over 30 years of experience in the commercial real estate industry supported by a network of over 30 offices nationwide.

Block Icon

Real-time Market Data

Access to real estate market and property level information on a real-time basis.

Economic And
Demographic Trends

In depth perspective into economic and demographic trends in targeted markets.

Portfolio

Top Ten Holdings

As of December 31, 2019

Prologis, Inc. 2.9%
Sun Communities, Inc. 2.7%
Medical Properties Trust, Inc. 2.4%
EPR Properties 2.3%
National Retail Properties, Inc. 2.0%
Stag Industrial, Inc. 2.0%
Avalonbay Communities, Inc. 2.0%
Global Medical REIT, Inc. 2.0%
Simon Properties Group, Inc. 2.0%
Independence Realty Trust 1.9%

Sub-Sector Allocation

As of December 31, 2019

Residential 13.9%
Health Care 12.6%
Industrial 10.3%
Lodging/Resorts 10.0%
Office 8.9%
Diversified 7.3%
Shopping Centers 6.1%
Free Standing 5.2%
Specialty 5.0%
Other 20.7%

This data is subject to change on a daily basis.  The Fund’s portfolio is actively managed and the foregoing presents only a “snapshot” at September  30, 2019.  There is no assurance that the composition of the Fund’s portfolio, either currently or in the future, will resemble the composition of the Fund’s portfolio at December 31, 2019.  The Fund’s current or future portfolio may contain some, all or none of the referenced sectors or holdings in allocations that may be the same, similar or different from those reflected at December 31, 2019.


Portfolio Management Team

RMR Real Estate Income Fund ‘s portfolio is lead by a team of seasoned executives with over 30 years of commercial real estate and securities experience between them.

Note: For the purposes of its investment policies, RIF defines a “real estate company” as an entity that derives at least 50% of its revenues from the ownership, leasing, management, construction, sale or financing of commercial, industrial or residential real estate, or has at least 50% of its assets in real estate.

As used herein, “managed assets” means the net asset value of the Fund’s common shares plus the liquidation preference of RIF’s preferred shares and the principal amount of the Fund’s outstanding borrowings.

Investment Objectives” are fundamental policies that cannot be changed without shareholder approval.

Principal Investment Policies (or Criteria) are applicable under normal market conditions, are measured at the time of the investment and are non-fundamental policies that may be changed by the board of trustees of the Fund without prior shareholder approval.

For considerations of risk related to an investment in RMR Real Estate Income Fund, please refer to these
Risk Considerations

For further Risk Considerations, please click here.

Carefully consider RIF’s investment objectives, risk factors and expenses.  This and other information can be found in RIF’s SEC filings which may be obtained by visiting the SEC Edgar database or the “SEC Filings” section of this website.  Read these filings carefully before investing.

RIF is subject to numerous risks, including investment risks.  Shares of closed-end funds often trade at a discount from their net asset value.  RIF is not a complete investment program and you may lose money investing in RIF.  An investment in RIF may not be appropriate for all investors.

RIF is a closed-end fund and its common shares are only available for purchase and sale at current market price on the NYSE American.  A closed-end fund’s dividend yield, market price and net asset value will fluctuate with market conditions.  Closed-end funds may trade at a premium to NAV but often trade at a discount, and RIF has historically traded at a discount to NAV.  Information for RIF is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell RIF shares.

There can be no assurance that the Fund’s investment objectives will be achieved or that the Fund’s investment program will be successful.