T. Rowe Price Real Estate I (TIRRX)

Fund Assets	668.75M
Expense Ratio	0.63%
Min. Investment	$500,000
Turnover	8.90%
Dividend (ttm)	0.35
Dividend Yield	2.85%
Dividend Growth	8.79%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 26, 2026

Previous Close	12.30
YTD Return	15.55%
1-Year Return	14.33%
5-Year Return	16.14%
52-Week Low	10.71
52-Week High	12.53
Beta (5Y)	0.92
Holdings	42
Inception Date	Dec 17, 2015

About TIRRX

T. Rowe Price Real Estate Fund I Class is an open-end mutual fund designed to provide investors with long-term growth by combining capital appreciation and current income. Its primary strategy is to allocate at least 80% of its net assets to the equity securities of companies that derive a significant portion of their revenues or profits from real estate activities. This broad approach includes investments in real estate investment trusts (REITs), as well as other real estate-focused companies, giving the fund substantial exposure to both property ownership and real estate operations. The fund’s portfolio is primarily concentrated in U.S. equities but retains the flexibility to invest in foreign markets if appropriate for its objectives. It is classified as nondiversified, meaning it may take larger positions in fewer issuers, thereby potentially increasing both return potential and risk. Notable holdings often include major REITs such as Equinix Inc., American Tower Corp, and Prologis Inc., reflecting a focus on established leaders across sectors like commercial, industrial, and residential real estate. This fund plays a significant role for institutional investors seeking targeted exposure to the real estate asset class within a diversified investment portfolio.

• Fund Family: T. Rowe Price
• Category: Real Estate
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: TIRRX
• Share Class: T. Rowe Price Real Estate Fund-i Class
• Index: FTSE NAREIT All Equity REITS TR

Performance

TIRRX had a total return of 14.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.07%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PAREX	T. Rowe Price Real Estate Fund-advisor Class	1.19%

Top 10 Holdings

60.11% of assets

Name	Symbol	Weight
Welltower Inc.	WELL	11.77%
Equinix, Inc.	EQIX	10.34%
Prologis, Inc.	PLD	7.32%
American Tower Corporation	AMT	5.94%
Public Storage	PSA	5.40%
Simon Property Group, Inc.	SPG	4.54%
Ventas, Inc.	VTR	4.12%
Essex Property Trust, Inc.	ESS	4.08%
Regency Centers Corporation	REG	3.68%
Rexford Industrial Realty, Inc.	REXR	2.92%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 26, 2026	$0.0897	Jun 29, 2026
Mar 27, 2026	$0.0769	Mar 30, 2026
Dec 15, 2025	$0.5531	Dec 16, 2025
Sep 26, 2025	$0.0825	Sep 29, 2025
Jun 26, 2025	$0.1015	Jun 27, 2025
Mar 27, 2025	$0.0625	Mar 28, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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